GIC Proceeding

Business Opportunities in the QRIS Ecosystem: Fintech Innovations and Solutions for Merchants

Adri — 2025-08-10

The development of financial technology (fintech) has become the main driver in the transformation of the payment system in Indonesia. The implementation of the QRIS ecosystem is designed to unify various QR codes into a single national standard, while expanding the reach of financial inclusion. Additionally, the increasing use of cryptocurrencies is strengthening the wider adoption of the technology. The presence of digital payment systems such as QRIS provides convenience and convenience for consumers in transacting, which in turn has a positive impact on increasing the income of business actors. This study uses a descriptive qualitative approach, with the method of literature study, analysis of policy documents from Bank Indonesia, as well as secondary data from industry reports and MSME case studies. The findings show that the use of QRIS contributes to transaction efficiency, digital financial recording, strengthening customer data, and ease of access to digital financing services. In addition, collaboration between business actors and fintech service providers also encourages the creation of new technology-based business models. The QRIS ecosystem has great business potential in strengthening the growth of the digital economy and empowering the trade sector, especially among MSMEs and the informal sector.

Evaluating Economic Crisis Challenges and Strategies for Financial Survival in the Tough Economy of 2025

Hesi Eka Puteri — 2025-09-27

The decline in Indonesia's macroeconomic performance in 2025 is largely attributed to the indirect effects of the global economic crisis. This downturn has led to significant shifts in public financial behavior, with individuals becoming more cautious and adopting defensive financial strategies to maintain balance in their economic lives. This study aims to explore the interrelationship between the global economic crisis and public financial behavior by analyzing economic indicators that reflect Indonesia’s economic decline in 2025. From a financial economics perspective, the study further proposes strategic approaches for individuals to remain financially resilient during periods of economic hardship. Using a qualitative content analysis approach, this research examines selected academic sources and empirical data to gain a deeper understanding of how global crises influence household financial decisions. The findings highlight several key macroeconomic challenges in 2025 that are closely linked to the global crisis, including slowing economic growth, rising unemployment and poverty rates, increasing corruption, geopolitical instability, deindustrialization, and a notable decline in both domestic and foreign investment. Based on a comprehensive review of the literature and current financial conditions, this study offers practical recommendations for financial survival in this challenging economic environment. These include: managing money wisely, increasing investment and passive income, avoiding FOMO (Fear of Missing Out), leveraging opportunities in the digital and Gig economies, and adopting frugal and simple living as a long-term financial lifestyle. These strategies serve not only to protect financial stability but also to strengthen individual resilience in navigating economic uncertainty.

Analyzing Consumer Payment Preferences: QRIS vs. Traditional Banking Services

Pujy Yonesha — 2025-09-19

This study analyzes consumer payment preferences in Indonesia, specifically the comparison between QRIS and traditional banking services, in the context of the rapid transformation of the digital payment landscape. Using a quantitative approach through a consumer survey, the study identifies the determinants behind their choice of payment method. The results indicate a hybrid payment strategy: QRIS is very dominant for small to medium value transactions due to its superior convenience and transaction speed, while traditional banking services remain the main choice for large value transactions due to higher perceived security and trust. Transaction cost factors also influence preferences, with QRIS often offering savings, although the effect is not as large as other factors. Furthermore, demographic and psychological analysis reveals that young age and high digital literacy are positively correlated with QRIS preferences, while social influences also drive adoption. This study underscores that consumer payment preferences are complex multifactorial phenomena, influenced by a combination of technological efficiency, security assurance, and individual characteristics and social environment. These findings provide strategic implications for payment service providers and regulators in designing inclusive products, policies, and education programs to drive the digitalization of the Indonesian economy.

Challenges And Opportunities Towards Contemporary Global Issues From An Islamic Perspective: Crisis, Ethics, And Solutions

Syerly Lia Azharah — 2025-09-19

This research comprehensively analyzes the challenges and opportunities posed by contemporary global issues from an Islamic perspective, focusing on aspects of crisis, ethics, and solutions. Amidst the complexity of global problems such as climate change, social injustice, geopolitical conflicts, pandemics, and rapid technological advancements, Islamic teachings offer a rich and relevant framework for understanding, analyzing, and seeking resolutions. This study explores how Islamic principles like tauhid (oneness of God), justice, balance, social responsibility, and the concept of maslahah (public welfare) can serve as an ethical foundation for addressing various crises. Furthermore, this research identifies innovative solutions rooted in Islamic teachings, emphasizing the importance of a holistic approach that integrates spiritual, moral, and practical dimensions. Through in-depth literature review and thematic analysis, this abstract highlights the timeless relevance of Islamic values in shaping ethical and sustainable responses to global challenges, while opening opportunities to realize a more just, harmonious, and responsible world order.

Counseling as a Social Intervention to Build Family Resilience in Doko Village, Blitar Regency

Zulia Khoirun Nisa — 2025-09-19

The research entitled Counseling as a Social Intervention to Build Family Resilience in Doko Village, Blitar Regency is a research that collaborates with villagers of Doko Village, Doko District, Blitar Regency. The research aims to find a solution and try the mediation upon problems as well as become the pioneer in case resolution alternatives in Doko village, Blitar Regency. The specific target of this research is to minimize the number of cases proposed to the court (litigation). The research applies the qualitative method with a phenomenological approach, which is a research that focuses on deep observation and listening toward the explanation and comprehension of the individual on his personal experience. The phenomenological approach aims to interpret and elaborate the meaning of experiences that are experienced by someone in their daily life, including his interactions with other individuals and his surroundings. The primary data is obtained directly from the people of Doko (the object of research) as the first source by doing field research. The results show that the existence of the counseling house helps to solve the problems of family resilience so that the problems don’t need to be tried to the court. Counseling or mediation is considered successful in reaching the specific target, which is finding a resolution for the family resilience problems of Doko villagers in Blitar Regency without trying it to the court. It means, both sides are in agreement on the case and they are finally able to build a harmonious, full of love and affection family life.

Critical Perspectives on Maqashid al-Shariah in Modern Financial Systems

Mutia Febrina Sari — 2025-09-19

This study offers Critical Perspectives on Maqashid al-Shariah in Modern Financial Systems, delving into the theoretical foundations and practical applications of Islamic legal objectives within contemporary finance. It examines how the traditional framework of Maqashid al-Shariah, encompassing the preservation of faith, life, intellect, progeny, and wealth, is interpreted and applied to guide the development and operation of Islamic financial products and institutions. The research critiques existing approaches, highlighting challenges such as the potential for formalistic interpretations that may deviate from the spirit of Maqashid, the complexities of adapting immutable principles to rapidly evolving financial innovations, and the tension between ethical ideals and market realities. It also explores opportunities for Maqashid-oriented finance to offer more equitable, sustainable, and socially responsible alternatives to conventional models, emphasizing areas like inclusive finance, ethical investments, and risk-sharing mechanisms. Ultimately, this abstract underscores the ongoing need for dynamic ijtihad and rigorous re-evaluation to ensure that modern Islamic finance genuinely embodies and effectively serves the holistic objectives of Shariah.

Evaluating QRIS Adoption : a pathway to inclusive digital payment for indonesia MSMEs

Fanisa Suseno — 2025-09-19

This research evaluates the implementation of the Quick Response Code Indonesian Standard (QRIS) as a vital instrument towards inclusive digital payments for Micro, Small, and Medium Enterprises (MSMEs) in Indonesia. Employing a comprehensive literature review method, this study thoroughly examines the adoption rate of QRIS, identifying driving factors such as support from Bank Indonesia's regulations, collaboration among Payment Service Providers (PSPs), ease of use and interoperability, increased digital literacy, and evolving consumer behavior. Furthermore, the research outlines various challenges faced by MSMEs in its implementation, including limited digital literacy, uneven infrastructure, issues related to the Merchant Discount Rate (MDR), and resistance to changing traditional cash payment habits. The findings indicate that QRIS has significantly impacted MSME financial inclusion through improved transaction recording for better financing access, and enhanced business performance via increased transaction volumes, operational efficiency, reduced security risks, and the ability to analyze data for strategic decision-making. In conclusion, QRIS not only facilitates transactions but also empowers MSMEs to be more competitive and integrated into the rapidly developing digital economy.

The Role Of Qris In Promoting Financial Inclusion For Umkm Actors In Indonesia

Fadhilla Husna — 2025-09-19

This research comprehensively examines the role of QRIS (Quick Response Code Indonesian Standard) in fostering financial inclusion for Micro, Small, and Medium Enterprises (MSMEs) in Indonesia, utilizing a literature review method. The analysis indicates that QRIS has significantly increased the accessibility of digital payments for MSMEs through the standardization of a single QR code, which was previously a major barrier. Furthermore, the use of QRIS facilitates the creation of an accurate digital transaction footprint, enabling MSMEs to build credible financial records, crucial for gaining access to formal financing from financial institutions. Additionally, QRIS optimizes transaction efficiency and security, supports transparency, and encourages the integration of MSMEs into the broader digital economic ecosystem. Despite facing challenges such as digital literacy and infrastructure, the potential of QRIS as a foundation for sustainable financial inclusion for MSMEs is substantial, promising enhanced welfare and competitiveness in the digital era.

Literature Study on Digital Philanthropy for Waqf Funding: Trends, Challenges, and Future Directions

Eli Febriani — 2025-09-19

Waqf is an integral part of Islamic philanthropy that has long contributed to social development and the welfare of the ummah. In the digital era, the practice of waqf has undergone a significant transformation through the use of crowdfunding platforms and sharia-based financial technology. This study aims to explore trends, challenges, and future directions of digital waqf management in Indonesia. The research was conducted through a qualitative approach with a literature study method on secondary data sourced from scientific journals, reports of philanthropic institutions, and official statistical data. The results of the study show that digitalization opens up wide opportunities for cross-generational community participation in waqf activities, especially through efficient, transparent, and inclusive online platforms. However, challenges are still found, such as low digital literacy, regulatory limitations, trust issues, and traditional perceptions of waqf that limit the adoption of digital waqf. This study emphasizes the importance of collaboration between waqf institutions, the government, the technology sector, and civil society to build a sustainable and effective digital waqf ecosystem for the development of the people.

Optimization Of Cash Wakaf By Wakaf Agency In Bukittinggi City

Hana Luthfia Widi — 2025-09-19

This research aims to examine the optimization of cash waqf by waqf institutions in Bukittinggi City through a library study approach. The primary focus is to analyze the practices of collecting, managing, and utilizing cash waqf funds carried out by these institutions in the region. This study will delve into various strategies implemented to increase public awareness of cash waqf, mechanisms for investing and developing waqf funds to make them productive, and models for utilizing waqf proceeds for the benefit of the community, especially in the social and economic sectors. Additionally, this research will also identify the challenges faced by waqf institutions in managing cash waqf and formulate opportunities and recommendations to enhance the effectiveness and accountability of cash waqf management in Bukittinggi City.

QRIS vs E-Wallets: User adoption and merchant acceptance in the digital payment landscape

Haanii Haritsa Yuzen — 2025-09-19

This research evaluates the dynamics of user adoption and merchant acceptance within Indonesia's digital payment landscape, comparing QRIS and e-wallets. Through a comprehensive literature review, we examine the driving factors behind e-wallet adoption, dominated by financial incentives and ecosystem integration, as well as QRIS adoption, propelled by Bank Indonesia's interoperability standards. The analysis also covers challenges faced by merchants due to e-wallet fragmentation and how QRIS addresses this with its "one QR for all" concept, despite persistent obstacles like varying digital literacy and uneven infrastructure. The findings indicate that QRIS and e-wallets are complementary: e-wallets attract users with features and incentives, while QRIS facilitates merchants with operational efficiency. This synergy significantly enhances MSME financial inclusion through improved transaction recording for better financing access, simultaneously boosting business efficiency and competitiveness. It's concluded that both systems are crucial pillars for the advancement of a more inclusive and efficient digital economy in Indonesia.

Shari'ah Fintech and Digital Economic Transformation: An Innovative Strategy to Reduce Gen Z Unemployment

Yori Kurniawati — 2025-09-19

The high unemployment rate among Generation Z is a serious challenge for Indonesia's economic development. In the midst of digital transformation, Islamic fintech emerges as an alternative strategy in expanding financing, creating new jobs, and improving the financial literacy of the younger generation. This research uses a descriptive qualitative approach through literature review to examine the role of sharia fintech in reducing Gen Z unemployment. The results show that platforms such as ALAMI and Dana Syariah not only provide financing based on halal contracts, but also provide digital entrepreneurship training and Islamic financial literacy. Islamic fintech has proven to be able to bridge Gen Z's skills gap and economic access through inclusive financing models, Islamic ethical values, and adaptive digital ecosystem support. However, challenges such as low sharia literacy and limited infrastructure still require further attention.

The Impact Of Moral Crisis On Consumer Culture And Economic Behavior For The Younger Generation

Kiki Razroma Yantika — 2025-09-19

This research aims to analyze the impact of moral crisis on consumeristic culture and the economic behavior of the younger generation, with consumeristic culture serving as a mediating variable. Employing a literature review method, this study identifies and synthesizes various relevant literatures from the disciplines of sociology, economics, and psychology. The synthesis results indicate that a moral crisis, characterized by a shift in values towards materialism, hedonism, pragmatism, and instant gratification, has a significant positive influence on the rise of consumeristic culture among the younger generation. Subsequently, this consumeristic culture significantly negatively impacts economic behavior, manifesting as excessive spending, low saving habits, increased consumer debt, and a lack of long-term financial planning. It was also found that a moral crisis has a direct negative influence on economic behavior through the erosion of financial ethics and indifference towards long-term consequences. Thus, consumeristic culture acts as a crucial mediator, indicating that a moral crisis exacerbates the economic behavior of the younger generation not only directly but also indirectly by fueling consumerism. The implications of this research emphasize the importance of re-strengthening moral and ethical values, as well as value-based financial literacy, as strategic efforts to cultivate wiser and more responsible economic behavior in the younger generation.

The Role of Zakat in Improving Economic Resilience Generation

Yerna Wiza — 2025-09-19

Zakat, as one of the pillars of Islam, plays a strategic role in improving economic resilience, especially among mustahik communities. In the digital era, the integration of financial technology (fintech) into zakat management strengthens the impact of productive zakat programs by enhancing transparency, accessibility, and efficiency. This study analyzes the synergy between zakat institutions and fintech platforms in empowering mustahik, supported by the example of digital zakat programs such as Zmart and ZISWAF crowdfunding platforms. The findings indicate that digital zakat has the potential to transform beneficiaries into muzaki, support MSME growth, and improve socio-economic inclusion

Evaluation of QRIS Effectiveness in Promoting Financial Inclusion and Achieving Sustainability Development Goals (SDGs)

Ferdi Prayoga — 2025-09-19

This study evaluates the effectiveness of QRIS in increasing financial inclusion and supporting the achievement of Sustainable Development Goals (SDGs) in Indonesia. The method used in this research is a literature study, by reviewing literature from various sources such as scientific journals, survey reports, government policies and official data from OJK and Bank Indonesia. The results show that QRIS has had a positive impact on increasing the national financial inclusion index, which reached 75.02% in 2024 and increased to 80.51% in 2025. In addition, the implementation of QRIS is also considered to support the achievement of a number of SDGs targets, such as poverty reduction, inclusive economic growth, and gap reduction. Nevertheless, there are still challenges such as low digital literacy and limited infrastructure in remote areas. Therefore, strengthening financial education and equal access to technology are important aspects in optimizing this policy going forward.

The effect of good corporate governance on company value with company size as a moderation variable

Rayzul Hawari — 2025-09-19

Good corporate governance on company value with company size as a moderation variable in the Jakarta Islamic Index (JII). This research is classified as quantitative research, the research data collected is secondary data sourced from the annual report/financial statements of each company with a ratio scale. The population in this study is companies that have consistently entered the Jakarta Islamic Index (JII) stock exchange during the 2019-2023 period, while the data analysis technique used is differential analysis consisting of pre-research tests, MRA results and hypothesis tests. The results of this study show that the influence of Good Corporate Governance has a positive and significant effect on the company's value with a significance value of 0.004 <0.05. The size of the company has a positive effect but is unable to moderate the relationship between Good Corporate Governance and the company's value with a significance value of 0.479> 0.05.

Internalization of Tawaduk Values Through Daily Habits of Students at Islamic Boarding Schools

Kaliana Fatikah Ningsih — 2025-09-19

This study aims to analyze the process of internalizing the value of Tawaduk
(humility) through the daily habits of students at the Agro Nur El-Falah Islamic
Boarding School in Salatiga. The focus of the study includes three aspects, namely the
internalization of the value of humility through the daily habits of students, the role of
teachers in shaping the attitude of humility among students, and the exemplary
behavior of teachers in shaping the attitude of humility among students. The researcher
employed a qualitative ethnographic educational approach, involving direct
observation, interviews, and documentation, followed by inductive data analysis within
the cultural context of the boarding school. The findings indicate that the internalization
of humility is effectively fostered through habits such as greeting others, shaking hands,
and bowing to teachers, reinforced by teachers' guidance and their exemplary behavior
in demonstrating humility and living a simple life. This study recommends that the
boarding school continue to strengthen teachers' roles in character development and
instill humility through a consistent culture of etiquette.

Embodied Qur’anic Ethics in Interfaith Dialogue on the ‘Login’ YouTube Podcast

Muhammad Pajri Zullian — 2025-09-27

In digitally networked societies, interfaith discourse increasingly unfolds in informal, algorithm-driven platforms such as YouTube, reshaping traditional modes of religious engagement. This study explores how Qur’anic ethical values ta’aruf (mutual recognition), tasamuh (tolerance), rahmah (compassion), and ‘adl (justice) are embodied in the Login YouTube podcast, a widely viewed Indonesian talk show featuring cross-religious dialogue. Using a qualitative content analysis approach, the research draws on one representative episode where six religious leaders (Muslim, Catholic, Protestant, Buddhist, Hindu, and Confucian) engage in dialogical conversations about faith, identity, and pluralism. Transcripts were thematically coded, and verbal as well as non-verbal cues were analyzed to assess emotional tone, inclusivity, and ethical coherence. Findings indicate that the discourse was marked by emotional resonance, reciprocal listening, and the absence of provocation or doctrinal contestation. Each speaker expressed faith-based values in ways that affirmed plural coexistence and shared humanity. The study contributes to both Qur’anic ethics and digital media scholarship by demonstrating how lived theology can emerge within popular culture formats. It argues that platforms like Login do not merely reflect religious tolerance but actively perform it, offering a model for ethical, inclusive digital da‘wah.

Comparative Analysis of Islamic Law and Positive Law Against Cryptocurrency Transaction in Indonesia

Maisari — 2025-08-10

Technological advancements in this modern era are increasingly progressive,
such as one example is software, which is software and humans depend on it today. One
of the innovations resulting from this software is cryptocurrency and it has its own
place for generations living in this era, especially for those who are involved in thr
world of investment and capital markets because it can generate wealth without muscle.
Only relying on brain intelligence and devices related to technology. It's just that behind
these promising profits there are many risks and harms for the perpetrators, society
and the state, and are contrary to sharia principles. So it is with this background that
this thesis was prepared with the following problem formulation: a. How are
transactions using cryptocurrency as currency in the perspective of modern positive
law and mu'amalah?, b. How are transactions using cryptocurrency as a
commodity/asset in the perspective of positive law and Islamic law?