IDEAS home Printed from https://ideas.repec.org/a/ers/journl/vxxy2017i3bp393-401.html
   My bibliography  Save this article

Improving Tourism Quality by Islamic Finance

Author

Listed:
  • Surya Bintarti
  • Mohammad Hatta Fahamsyah

Abstract

Improving tourism quality to increase regional income and welfare of the citizens is the responsibility of regional government. And Islamic bonds or so-called sukuk could be one source of funding infrastructure provision.This study attempts to identify the potential of sukuk in Bekasi District using Financial Capability Index (FCI), Maximum Loan Index (MLI) and Financial Accountability Index (FAI) based on financial statements of Bekasi District.This is a descriptive research with quantitative approach for mapping the potential of sukuk of Bekasi District. A result of this study was to determine the potential issuance of sukuk in Bekasi to improve the quality of tourism. The benefits can be earned by Bekasi District Government and especially to their citizen.

Suggested Citation

  • Surya Bintarti & Mohammad Hatta Fahamsyah, 2018. "Improving Tourism Quality by Islamic Finance," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 393-401.
    • Handle: RePEc:ers:journl:v:xx:y:2017:i:3b:p:393-401
    as

    Download full text from publisher

    File URL: https://www.ersj.eu/dmdocuments/2018_XXI_1_33.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Carlisle, Sheena & Kunc, Martin & Jones, Eleri & Tiffin, Scott, 2013. "Supporting innovation for tourism development through multi-stakeholder approaches: Experiences from Africa," Tourism Management, Elsevier, vol. 35(C), pages 59-69.
    2. Victoria Firescu & Jenica Popescu, 2015. "The Costs of Quality: An Important Decision Tool," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(4), pages 44-52.
    3. Eva Cipovova & Gabriela Dlaskova, 2016. "Comparison of Different Methods of Credit Risk Management of the Commercial Bank to Accelerate Lending Activities for SME Segment," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 17-26.
    4. Irma Setyawati & Sugeng Suroso & Tulus Suryanto & Dini Siti Nurjannah, 2017. "Does Financial Performance of Islamic Banking is better? Panel Data Estimation," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 592-606.
    5. Besnik Fetai, 2015. "Financial Integration and Financial Development: Does Financial Integration Matter?," European Research Studies Journal, European Research Studies Journal, vol. 0(2), pages 97-106.
    6. Yang, Zhenshan & Cai, Jianming, 2016. "Do regional factors matter? Determinants of hotel industry performance in China," Tourism Management, Elsevier, vol. 52(C), pages 242-253.
    7. Paul‐Olivier Klein & Laurent Weill, 2016. "Why do companies issue sukuk?," Review of Financial Economics, John Wiley & Sons, vol. 31(1), pages 26-33, November.
    8. Tulus Suryanto & Ridwansyah Ridwansyah, 2016. "The Shariah Financial Accounting Standards: How they Prevent Fraud in Islamic Banking," European Research Studies Journal, European Research Studies Journal, vol. 0(4), pages 140-157.
    9. Amilin Amilin, 2017. "The Impact of Role Conflict and Role Ambiguity on Accountants’ Performance: The Moderating Effect of Emotional Quotient," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 237-249.
    10. Nafis Alam & M. Kabir Hassan & Mohammad Aminul Haque, 2013. "Are Islamic bonds different from conventional bonds? International evidence from capital market tests," Borsa Istanbul Review, Research and Business Development Department, Borsa Istanbul, vol. 13(3), pages 22-29, September.
    11. Kim, Kyungmi & Uysal, Muzaffer & Sirgy, M. Joseph, 2013. "How does tourism in a community impact the quality of life of community residents?," Tourism Management, Elsevier, vol. 36(C), pages 527-540.
    12. Konstantinos Liapis & Antonios Rovolis & Christos Galanos & Eleftherios Thalassinos, 2013. "The Clusters of Economic Similarities between EU Countries: A View Under Recent Financial and Debt Crisis," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 41-66.
    13. Wang, Caiping & Xu, Honggang, 2014. "The role of local government and the private sector in China's tourism industry," Tourism Management, Elsevier, vol. 45(C), pages 95-105.
    14. Muhamed Zulkhibri, 2015. "A synthesis of theoretical and empirical research on sukuk," Borsa Istanbul Review, Research and Business Development Department, Borsa Istanbul, vol. 15(4), pages 237-248, December.
    15. Liang, Zeng-Xian & Hui, Tak-Kee, 2016. "Residents’ quality of life and attitudes toward tourism development in China," Tourism Management, Elsevier, vol. 57(C), pages 56-67.
    16. Helmi Yazid & Tulus Suryanto, 2016. "An Investigation of Factors Influencing Audit Quality According to Islamic Audit: A Study for the Jakarta Islamic Index," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(1), pages 20-38.
    17. Mustafa Kemal Topcu & Ali Gursoy & Poyraz Gurson, 2015. "The Role of the Servant Leadership on the Relation between Ethical Climate Perception and Innovative Work," European Research Studies Journal, European Research Studies Journal, vol. 0(1), pages 67-80.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Juan Carlos Martín & Carmen Orden-Cruz & Slimane Zergane, 2020. "Islamic Finance and Halal Tourism: An Unexplored Bridge for Smart Specialization," Sustainability, MDPI, vol. 12(14), pages 1-15, July.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. repec:ers:journl:v:xx:y:2017:i:3a:p:538-553 is not listed on IDEAS
    2. Mesbahi Moghadam , Gholamreza & Asadi , Gholamhosein & Sajadi , Seyed Ali, 2015. "Conceptual Model of Islamic Commercial Paper for Banks and Credit Institutions on the Basis of Murabaha Sukuk," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 10(3), pages 73-85, July.
    3. repec:ers:journl:v:xx:y:2017:i:2b:p:365-378 is not listed on IDEAS
    4. Mohammadi , Shapoor & Tehrani , Reza & Khansari , Rasool, 2015. "Determinants of International Sukuk Issuance and Capacity Estimation for Iranian Financial Market," Journal of Money and Economy, Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, vol. 10(3), pages 1-28, July.
    5. Makka Alaudinovna Khamatkhanova & Guzeliya Faridovna Khusnutdinova, 2017. "The Characteristics of the Formation of Income of Multi-Child Households under Conditions of a Financial Crisis," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 364-377.
    6. Mahfuzur Rahman & Che Ruhana Isa & Teng-Tsai Tu & Moniruzzaman Sarker & Md. Abdul Kaium Masud, 2020. "A bibliometric analysis of socially responsible investment sukuk literature," Asian Journal of Sustainability and Social Responsibility, Springer, vol. 5(1), pages 1-19, December.
    7. Mustafa Raza Rabbani & Shahnawaz Khan & Eleftherios I. Thalassinos, 2020. "FinTech, Blockchain and Islamic Finance: An Extensive Literature Review," International Journal of Economics & Business Administration (IJEBA), International Journal of Economics & Business Administration (IJEBA), vol. 0(2), pages 65-86.
    8. Salvatore Bimonte & Antonella D’Agostino, 2021. "Tourism development and residents’ well-being: Comparing two seaside destinations in Italy," Tourism Economics, , vol. 27(7), pages 1508-1525, November.
    9. Nikolay Tikhomirov & Tatiana Tikhomirova & Eldar Khamitov & Vladimir Ponomarev, 2017. "Models of Assessment of the Influnce of Insurance Assets Securitization on Stability of Mutual Insurance Societies," European Research Studies Journal, European Research Studies Journal, vol. 0(2B), pages 321-333.
    10. Ana María Campón-Cerro & José Antonio Folgado-Fernández & José Manuel Hernández-Mogollón, 2017. "Rural Destination Development Based on Olive Oil Tourism: The Impact of Residents’ Community Attachment and Quality of Life on Their Support for Tourism Development," Sustainability, MDPI, vol. 9(9), pages 1-16, September.
    11. Çalişkan, Uğur & Gursoy, Dogan & Özer, Özgür & Chi, Oscar Hengxuan, 2022. "Effects of Tourism on Local Residents’ Quality of Life, Happiness and Life Satisfaction: Moderating Role of the COVID-19 Risk Perceptions," Journal of Tourism, Sustainability and Well-being, Cinturs - Research Centre for Tourism, Sustainability and Well-being, University of Algarve, vol. 10(4), pages 274-291.
    12. Uddin, Md Hamid & Kabir, Sarkar Humayun & Hossain, Mohammed Sawkat & Wahab, Nor Shaipah Abdul & Liu, Jia, 2020. "Which firms do prefer Islamic debt? An analysis and evidence from global sukuk and bonds issuing firms," Emerging Markets Review, Elsevier, vol. 44(C).
    13. Emil Juvan & Miha Lesjak & Eva Podovšovnik & Jasmina Jurgec, 2021. "A Destination’s Social Sustainability: Linking Tourism Development to Residents’ Quality of Life," Academica Turistica - Tourism and Innovation Journal, University of Primorska Press, vol. 14(1), pages 39-52.
    14. Rida Ahroum & Boujemâa Achchab, 2021. "Harvesting Islamic risk premium with long–short strategies: A time scale decomposition using the wavelet theory," International Journal of Finance & Economics, John Wiley & Sons, Ltd., vol. 26(1), pages 430-444, January.
    15. Agus Zainul Arifin, 2017. "The Influence of Financial Knowledge, Control and Income on Individual Financial Behavior," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 635-648.
    16. Faris Nasif Al Shubiri & Syed Ahsan Jamil, 2017. "Assessing the Determinants of Interest Rate Spread of Commercial Banks in Oman: An Empirical Investigation," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 90-108.
    17. V.A. Bondarenko & N.V. Demyanchenko & O.V. Ivanchenko & O.N. Mirgorodskaya, 2017. "Role of Staff Marketing in Increasing Business Performance," European Research Studies Journal, European Research Studies Journal, vol. 0(3B), pages 320-325.
    18. Adalberto Santos-Júnior & Fernando Almeida-García & Paulo Morgado & Luiz Mendes-Filho, 2020. "Residents’ Quality of Life in Smart Tourism Destinations: A Theoretical Approach," Sustainability, MDPI, vol. 12(20), pages 1-24, October.
    19. Dunja Demirović Bajrami & Adriana Radosavac & Marija Cimbaljević & Tatiana N. Tretiakova & Yulia A. Syromiatnikova, 2020. "Determinants of Residents’ Support for Sustainable Tourism Development: Implications for Rural Communities," Sustainability, MDPI, vol. 12(22), pages 1-16, November.
    20. Esteban Pérez-Calderón & Jorge Manuel Prieto-Ballester & Vanessa Miguel-Barrado & Patricia Milanés-Montero, 2020. "Perception of Sustainability of Spanish National Parks: Public Use, Tourism and Rural Development," Sustainability, MDPI, vol. 12(4), pages 1-14, February.
    21. Christina Whidya Utami & Denny Bernardus & Gek Sintha, 2017. "The Pattern Analysis of Family Business Succession: A Study on Medium Scale Family Business in Indonesia," European Research Studies Journal, European Research Studies Journal, vol. 0(2A), pages 461-474.
    22. Agustinus A. Toryanto & Hasyim, 2017. "Networking Quality and Trust in Professional Services," European Research Studies Journal, European Research Studies Journal, vol. 0(3A), pages 354-370.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ers:journl:v:xx:y:2017:i:3b:p:393-401. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Marios Agiomavritis (email available below). General contact details of provider: https://ersj.eu/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.