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This study investigates what factors persuade consumers to purchase e-money via syariah m-banking applications. Researchers extended the Unified Theory of Acceptance and Use of Technology (UTAUT 2) to find new information as well as to accommodate the limitations and discussions of previous studies. A purposive sampling technique was adapted to select respondent criteria. The collected data from 120 respondents were analyzed using Partial Least Square Structural Equation Modeling (PLS-SEM), supported by WarpPLS 8.0, through three main stages of analysis: measurement model, structural model, and hypothesis testing. Additional analysis was undertaken to produce robust findings by explaining multicollinearity, common method bias, and multigroup analysis by categorizing two groups of respondents (male and female). Researchers found that only social influence and hedonic motivation have a significant effect on trust from the UTAUT 2 model. On the other hand, two exogenous constructs in the mobile service quality model proved to have a significant effect on trust, security (privacy), and practicality. Furthermore, the research showed that trust is a fundamental factor in influencing continuance intention because it produces the largest effect size (f-square) and significant path coefficient value. The findings should encourage all Islamic banking stakeholders and practitioners to increase individual trust by creating educational and innovative programs connected with consuming digital banking services, especially e-money purchases.

Purpose: This study aims to examine and analyze the effect of intangible asset value, sustainable growth rate, return on equity, and dividend payout ratio on the company's market value with firm age, firm size, and industry classification as control variables. Methodology: The research sample this time is 20 manufacturing companies. The method used in this study is panel data regression with model feasibility testing, this study uses the Fixed Effect Model as the best model in the study. Findings: The test results before and after using the control variables found that the variable value of intangible assets and dividend payout ratio had a significant positive effect on the market value of the company. Meanwhile, the variables of sustainable growth rate and return on equity do not affect the company's market value both before and after using the control variable. Novelty: This study continues previous research by using a different population, adding independent and control variables and using the manufacturing sector.

Purpose The increasing number of tourists in the Muslim world every year has encouraged digital business developers and the Sharia banking industry to integrate halal product and service apps with the Sharia mobile banking system. The fourth wave of the industrial revolution has changed the consumer paradigm, creating a young generation that uses digital service transaction systems in their daily lives. This paper aims to investigate the factors that determine intention to use halal tourism apps amongst Muslim tourists to provide insights promoting the development of halal tourism in Indonesia. Design/methodology/approach The research was conducted using an online survey approach. The sample comprised 205 Muslim Millennial and Generation Z travellers. The data collected were analysed using partial least square structural equation modelling. There were three analysis stages: evaluation of the measurement model, assessment of the structural model and hypothesis testing. Findings The findings indicated that trust mediated the relationship between perceived ease of use and perceived usefulness on individual intentions and that halal knowledge positively and significantly impacted individual intentions. In contrast, religiosity was not a significant influence on individual intentions. Originality/value The paper expanded the technology acceptance model by incorporating the key constructs of halal knowledge, religiosity and trust into an integrated research framework; this represented a novel step, especially in the context of halal tourism. The finding that trust mediated the relationship between perceived ease of use and perceived usefulness fills a gap in previous research, which has rarely included the trust construct in technology acceptance models.

Purpose – This study examines the effect of organizational resilience variables on the firm’s survival rate and the moderating role of environmental turbulence variables in the relations of organizational resilience and firm survival. Method – This study uses simple regression to test research hypotheses. Primary data in the form of questionnaires are obtained from Small and Medium Enterprises (SMEs) in Java. Result – The analysis shows that organizational resilience variables can improve the firm’s survival. However, this study did not find the moderating role of environmental turbulence in influencing the relationship between organizational resilience variables and firm survival. Implication – This study can help scholars and practitioners to understand more of the mechanism of organizational resilience and its impact on survival on smaller firms. Originality – This study offer the empirical study of firm survival on small-medium enterprise setting in Indonesia.

Initial Public Offering is one of the steps that companies can take in order to obtain capital through the shares sold. Through the Islamic capital market, Islamic banking can increase its competitiveness and capital through the industry. The purpose of this study was to assess whether there were changes in the financial performance of Islamic banking before and after the IPO with the Risk Profile, Good Corporate Governance, Earning and Capital Methods (RGEC) approach which was further developed into financial ratios of NPF, FDR, ROA, ROE, and CAR. And to find out whether the decision of Islamic banking to conduct an IPO has been effectively carried out. This study uses the Wilcoxon test to see if the performance of Islamic banks that conducted an IPO in 2018 (Bank BTPN Syariah Tbk. and Bank BRI Syariah Tbk.) changed after conducting an initial public offering. The result is that the average FDR, CAR, and ROE ratios have a significant difference in the financial performance of Islamic banking before and after the IPO and there is no significant difference between the ROA and NP ratios.

Indonesia as a majorMuslim population country, has a large potential of cash waqf. Indonesian Waqf Board (BWI) predicted the potential of cash waqf in Indonesia is Rp 20 trillion, but had not followed by the effective collection method, so that potential has not been able to develop optimally. On the other hand, technology grown rapidly, followed by the numberof internet users in Indonesia. Based on the data of the Association of Internet Service Providers Indonesia (APJII) shows that internet users in Indonesia by aged 20 years and plus, reached 119.2 million inhabitants. It allows the integration of the effective system of collectingwaqf property. One of the effective collecting efforts done by the government is to establish a waqfbank which role as nadzir beside a liason between wakif with the waqf management institutions. The main duty ofwaqf management institution here is as nadzir who will manage cash waqfproductively and fostering the communityso as toempower the economy. However, the current establishment of waqf bank is still in the process of finalization, so there is no core principle in collecting waqf. Therefore, the purpose of this research is to offer an electronic application of collecting and redistributing cash waqf by the internet networking and the development of the digital era. It concept called e-payment.It choosen an e-payment as the concept, which wakif must fill the balance of waqf bank account from commercial bank accounts owned by wakif. Then wakif choose waqfallocation with options that have been provided by waqfbank.The research method usedis descriptive analysis and conjoint analysis. The final implication by the innovation of the e-payment application is that the existing ease of waqfcollection is expected to be effective and reach many people and able to increase the economy of Indonesian society.

Physical distancing policy that is encouraged by the World Health Organization (WHO) has inspired consumers to do contactless activities, including payment transaction. Government authorities in a growing number of countries are taking actions to encourage contactless payments as the COVID-19 pandemic escalates. People are worried that novel coronavirus (SARS-Cov2) can be transmitted through physical money. It drives them to shift to e-wallet. Due to a lack of study on this topic, the present study contributes to the literature by examining the effect of perceived risk, government support, and perceived usefulness on customers' intention to use e-wallet during COVID-19 outbreak. To give more fruitful insight, another major contribution of this study is investigating the group difference between Indonesia and Malaysia in the overall model. Questionnaires are distributed to the respondents by using a proportional sampling technique. As a result, 259 total respondents from Indonesia and 207 from Malaysia are collected. Both countries are selected because Indonesia and Malaysia can be considered as the two-worst countries in ASEAN affected by COVID-19. The model is tested using PLS-Structural Equation Modeling (SEM) approach. The results show that the effects of government support on the intention to use e-wallets differ between countries. Besides, perceived usefulness fully mediated government support-intention to use e-wallets relationship, and partially mediated the effect of perceived risk on intention to use e-wallets.

Payment transaction is now experiencing revolution as the rapid advancement of financial technology system. There is growing usage of e-money as a mean of payment in Indonesia. Besides, there is also a growing concern on the ethical aspect of e-money from an Islamic perspective, that is riba or usury. Previous studies have examined customers’ behavioral intention to use e-money by implementing Theory of Planned Behavior (TPB) and Technology Acceptance Model (TAM). However, none of them considering customers’ knowledge about riba that might become ethical aspect detaining them to use e-money as the mode of payment. The objective of this research is to examine the moderating effect of knowledge about riba on Technology Acceptance Model (TAM) variabels, such as perceived usefuleness, perceived ease of use and intention to use e-money. Data of this research are collected by distributing online questionnaires. By convenience sampling method, there are total 253 respondents. From the statistical computation, it is found that intention to use e-money is significantly affected by respondents’ perception of e-money usefulness and ease of use. Interestingly, it is also found that customers’ intention to use e-money are moderated by their knowledge about riba. Therefore, as managerial implication, it is suggested for e-money providers to build a Muslim-friendly system that is free from riba. Finally, this research also suggests future research agenda to consider subjective norm and religiosity variabels in a single model.

This paper empirically identified the impact of the Covid-19 pandemic on market performance in Indonesia. We use a cointegrating regression model of FM-OLS and D-OLS along with Cubic Spline missing data interpolation, summary unit root test, unit root test with Dickey-Fuller breakpoint selection, and Johansen cointegration test. Daily time series data of Covid-19 cumulative case, exchange rate, IDX composite, and gold commodity price were analyzed around 119 days after the first announced case in Indonesia. The finding from FM-OLS and D-OLS analysis showed that the Covid-19 pandemic has a positive and significant impact on exchange rate and gold commodity price. The Covid-19 pandemic impact is appeared to be negative and significant in explaining IDX composite price. It seems that during the Covid-19 pandemic, people prefer to do transactions in the commodity market than neither capital nor money market. The diagnostic of cointegrating regression showed that all variables are integrated of order one I (1), and the long-run cointegration among variables in each equation exists. From the unit root test with break point selection, this study revealed that Covid-19 pandemic has an extreme impact on Indonesian market performance only in the first month after the case was announced. The government responses to mitigate the spread of the Covid-19 pandemic and to minimize the possibly profound impact of market performance are appeared to be successful. Besides, it seems that people's fear is diminished, quite high in the first month, and began to shrink in the following month.

This research investigates the role of cash waqf as a Islamic social fund in eradicating poverty in Special Region of Yogyakarta. Researchers combine both of quantitative and qualitative research methods (triangulation) to increase the perceived quality of research findings. To answer the problems, researchers employe three steps analysis, firstly forecasting with statistical approach using the weighted moving average method; secondly cash waqf simulation; and thirdly researchers propose The New Integrated Model Of Cash Waqf Information System. The results of this study has succesfully answered the progress of cash waqf, the support of stakeholders (government, financial institutions and society) to achieve target of cash waqf. Based on the forecasting moving average method, it can be seen that the collected fund of cash waqf is still very fluctuating in some future period following the trend of cash waqf fund before. In the simulation of cash waqf based on expenditure distribution at DIY , to reach the target of cash waqf in one year, for example in 2018, that is equal to Rp. 684,646,315.33, each household only spend about of Rp. 60,000 to Rp. 80,000 per year. If all Muslim societies especially at DIY have realized the importance of cash waqf, then the potential cash waqf cant be maximized and the flow of cash waqf returns can be distributed to strengthen the social pillars of the region such as poverty, hunger, health and eduaction. Keywords: cash waqf, eradicating poverty, forecasting, simulation, integrated model