Spatial finance exploration on Hajj funds sustainability growth: Evidence from Indonesian Archipelagic

Syadzily, Tb. Ace Hasan, Mufraini, M. Arief, Mulazid, Ade Sofyan, Murodi, Murodi and Wicaksono, Ahmad Tibrizi Soni ORCID: https://orcid.org/0000-0001-8643-1351 (2023) Spatial finance exploration on Hajj funds sustainability growth: Evidence from Indonesian Archipelagic. MADANIA: Jurnal Kajian Keislaman, 27 (2). pp. 259-272. ISSN 2502-1826

Text 18605.pdf - Published Version Available under License Creative Commons Attribution Non-commercial Share Alike. Download (514kB)

Abstract

This research aims to adopt a spatial finance approach to hajj fund sustainability by finding the factors that influenced it during the COVID-19 pandemic. This research involved GRDP, Household Consumption, COVID-19 Cases, Islamic Banking Office Network, and Religiosity Index as exogenous variables with secondary data in 2020. This research uses Spatial Autoregressive Model analysis and Local Indicators of Spatial Autocorrelation through Spatial Rate Analysis to predict spillover effects. Research findings show that the Religiosity Index and Office Network have a spatial effect on Hajj funds. In addition, the provinces of East Java and Central Java are predicted to have a strong potential to have a spillover effect and affect the surrounding areas to increase the sustainable growth of the Hajj fund.

Item Type:	Journal Article
Keywords:	Hajj fund; spatial finance; sustainability growth; religiosity
Subjects:	14 ECONOMICS > 1402 Applied Economics > 140207 Financial Economics 15 COMMERCE, MANAGEMENT, TOURISM AND SERVICES > 1502 Banking, Finance and Investment > 150203 Financial Institutions (incl. Banking) 16 STUDIES IN HUMAN SOCIETY > 1604 Human Geography > 160401 Economic Geography 16 STUDIES IN HUMAN SOCIETY > 1605 Policy and Administration > 160510 Public Policy
Divisions:	Faculty of Economics > Department of Islamic Banking
Depositing User:	Ahmad Tibrizi Soni Wicaksono
Date Deposited:	05 Apr 2024 11:13

Downloads

Origin of downloads

Actions (login required)

View Item