Beneficial financial technology services at private high schools based on Modern Islamic Boarding Schools in Indonesia
Haudh Al Maa’uun, Hisyam Badarrudin Nugroho, Fathi Rafie Abqorri, Adinda Zahra Raisya Kamila, Rizka Maulida, Arif Rahmansyah Huluq & Rasya Naufal Azri
Abstract
The development of Islamic boarding schools in Indonesia has been very rapid in the last 20 years, marked by improvements in management and public trust. The advantages of modern Islamic boarding schools are infrastructure, management, networks, and human resources. High school-age students are categorized as knowing what is needed and the benefits for themselves. This research aims to determine the benefits high school students receive from applying financial technology in modern Islamic boarding schools. This research used qualitative methods with a case study approach. Using purposive with a simple random sampling technique, high school students in Zam Zam Muhammadiyah Cilongok Modern Islamic Boarding School with Edupay-Esmart at Logmart transactions during the day were chosen as participants. Data collection techniques used were questionnaires and observation. The research found that transacting or saving at Logmart with Edupay-Esmart was 80.77% because it is easy, 50% because the service is fast, 83.65% because it is safe, 83.65% because the price is affordable, 71.16% increases digital financial literacy, 69.23% reduces wasteful behavior, 93.26% reduces the risk of losing money, and 74.04% makes financial monitoring easier. The findings imply that the use of financial technology in Islamic boarding schools increases the benefits for all parties.
Keywords
benefits, digital finance, Edupay-Esmart, Islamic Boarding School, Zam Zam Muhammadiyah
Author information & Contribution
Haudh Al Maa’uun. Corresponding Author: High School Student, Zam Zam Muhammadiyah Modern Islamic Boarding School CilongokBanyumas, Indonesia. Corresponding email: haudhalmaauun07@gmail.com
Hisyam Badarrudin Nugroho. High School Student, Zam Zam Muhammadiyah Modern Islamic Boarding School Cilongok-Banyumas, Indonesia
Fathi Rafie Abqorri. High School Student, Zam Zam Muhammadiyah Modern Islamic Boarding School Cilongok-Banyumas, Indonesia
Adinda Zahra Raisya Kamila. High School Student, Darussalam Putri 1 Modern Islamic Boarding School, Mantingan-Ngawi, Indonesia
Rizka Maulida. High School Student, Darul Arqam Muhammadiyah Modern Islamic Boarding School Serang City, Indonesia
Arif Rahmansyah Huluq. High School Student, Entrepreneur Muhammadiyah Modern Islamic Boarding School Gondanglegi-Malang Regency, Indonesia
Rasya Naufal Azri. High School Student, Nur Rohmah Islamic Private Vocational High-School Bogor City, Indonesia
Disclosure statement
No potential conflict of interest was reported by the author(s).
Funding
This work was not supported by any funding.
AI Declaration
Notes
This paper is presented in 1st International Student Research Congress 2024
Acknowledgement
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Cite this article:
Haudh Al Maa’uun, Hisyam Badarrudin Nugroho, Fathi Rafie Abqorri, Adinda Zahra Raisya Kamila, Rizka Maulida, Arif Rahmansyah Huluq & Rasya Naufal Azri (2024). Beneficial financial technology services at private high schools based on Modern Islamic Boarding Schools in Indonesia. International Student Research Review, 1(1), 23-30. https://doi.org/10.53378/isrr.01246
License:
This work is licensed under a Creative Commons Attribution (CC BY 4.0) International License.
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