NAMA : EKO SETIO ALDI

NIM. : 211130001746

PRODI.: EKONOMI ISLAM

Syariah Finance Inclution

Good economic growth can be characterized by the development of a financial system in a

country and good financial stability Economic development must also be felt by all levels of
society. Economic development cannot be separated from economic growth. Economic growth
itself describes the growth rate of a country's production output that experiences periodic
increases. In theory, economic growth sustained by consumption will not be sustainable.
Sustainable economic growth is growth sustained by saving or investment. Economic growth
itself describes the growth rate of a country's production output that experiences periodic
increases. In theory, economic growth sustained by consumption will not be sustainable. From
economic growth, it is necessary to look at financial inclusion to maintain the stability of the
country's economy. So how to improve and maintain consistency in Islamic financial inclusion.
There are several studies that discuss islamic et financial inclusion including Lubis and
Romadhani (2019), Narsa al (2020), and Febrianto (2020).

The first research regarding sharia financial inclusion was from Lubis and Ramadhani (2019).
This research aims to measure the level of sharia financial inclusion in several OIC (Organization
of Islamic Cooperation) countries based on state income classification and analyze the
relationship between sharia financial inclusion and development. The calculation of the sharia
financial inclusion index uses the Index of Syariah Financial Inclusion (ISFI) method. The
response variable used in this research is ISFI and the predictor variables are GDP per capita,
unemployment rate, number of cell phone users, and number of village residents. The method
used is descriptive analysis and Tobit regression analysis. This research uses secondary data
from 10 OIC member countries based on country income levels in 2013-2016. Based on the
results of data analysis, high-income countries have a higher average level of inclusion than
middle-income countries. GDP per capita and the number of cell phone users have a positive
effect on development, while the unemployment rate has a negative effect.

The next research, namely from Nasra and others (2020), examines the influence of sharia
financial performance information (net profit trends rising or falling) on investor intentions and
sharia non-financial performance information (strong or weak corporate social responsibility) in
bearish capital market conditions and bullish. Using factorial experiments, this research found
the following: 1) participants had a stronger intention to invest when the company's financial
performance showed an increasing net profit trend; 2) participants also have a stronger
intention to invest when the company's CSR performance is strong; and 3) regardless of
financial and non-financial information, bullish capital market conditions are times when
individuals have a strong intention to invest in sharia. It was also found that participants had a
strong intention to invest in companies that had an increasing net profit trend when capital
market conditions were bullish. This research means that bullish or bearish capital market
conditions are a kind of momentum which also explains investor behavior in utilizing
information provided by the company.

The next research is from Februanto et al (2020) regarding the level of interest in reading about
sharia financial inclusion among teenagers. Research uses methods Systematic Literature
Review (SLR). This method can be said appropriate to get a combination of various literature
accurate academics3. We collect various Literature sources from Google Scholar and Mendeley
for Look for journals, articles, research or books related to the research we conducted. After all
the literature material obtained, we draw conclusions as well organize all the material into a
systematic article. With the advantages that the community has Sharia as an inseparable part of
the social system Muslim community in Indonesia, then the community is very has the potential
to play a role in developing sharia financial literacy and inclusion in Indonesia. The potential
that the community has at least includes (1) helping to support Indonesia's National Financial
Literacy Strategy, (2) mediating literacy development and sharia financial inclusion through
social capital, and (3) open cooperation with a participatory culture.

The development of a financial system and financial stability are important for economic
growth. Sustainable economic growth is achieved through saving or investment, not just
consumption. Financial inclusion is necessary for maintaining economic stability. Three studies
on Islamic financial inclusion were conducted by Lubis and Ramadhani (2019), Nasra et al
(2020), and Febrianto et al (2020). Lubis and Ramadhani found that high-income countries have
higher levels of inclusion than middle-income countries, with GDP per capita and the number of
cell phone users having a positive effect on development. Nasra et al found that bullish or
bearish capital market conditions affect investor behavior in utilizing information provided by
the company. Febrianto et al studied teenagers' interest in reading about sharia financial
inclusion using Systematic Literature Review (SLR) method.

Reference

Lubis, D., & Ramadhoni, M. G. (2019). Analisis Keterkaitan Inklusi Keuangan Syariah dengan
Pembangunan di Negara Anggota OKI. AL-MUZARA'AH, 7(2), 1-16.
Narsa, I. M., Narsa, N. P. D. R. H., & Prananjaya, K. P. (2020). An experimental study of the effect
of financial and non-financial information on intention to invest in the bearish and bullish
market. International Journal of Innovation, Creativity and Change, 11(11), 421-439.

Febrianto, G. T., Ahmad, F. G., & Arifin, I. (2020). Peran komunitas dalam meningkatkan literasi
dan inklusi keuangan syariah. Al-Mutharahah: Jurnal Penelitian Dan Kajian Sosial Keagamaan,
17(1), 130-150.