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The Investment Effect on Prosperity in Indonesia with Economic Development as an Intervening Variable Suharti, Sri; Prasetyo, Yoyok; Naufal, Muhammad Dzaki; Aminullah, Ali
Indonesian Journal of Interdisciplinary Islamic Studies (IJIIS) Vol. 5, No. 2, March 2022
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/ijiis.vol.5.iss2.art1

Abstract

Indonesia is rich with natural resources, which attract investors. However, it has not impacted an insufficient level of prosperity, as shown by a low level of education and income per capita. The study aims to determine the effect of investment as measured by Global Competitive Index (GCI) as the independent variable, Human Development Index (HDI) as the dependent variable on prosperity, and Gross Domestic Product (GDP) as an intervening variable to measure economic development. The research used a descriptive quantitative framework, supported by data from books, journals, and other online sources. The data were analyzed with a linear regression statistical model using SPSS.25. The results indicate that investment has no significant direct effect on prosperity, yet, it has a significant indirect effect on prosperity through economic development. The current imbalance in economic and education progress illustrates that today's development is against Islamic principles, e.g., divinity, justice, and sustainability. These principles are the keys to solving the problem of prosperity in Indonesia. Thus, to increase prosperity, the government needs to increase public access to economic development by improving education and health facilities, especially in rural areas, and the independence of the people to manage the country's wealth.
The Influence of Bank Characteristics on Capital Adequacy Ratio Baihaqqy, Mochammad Rizaldy Insan; Prasetyo, Yoyok; Riyanto, Agus; Ernawati, Nani
JURISMA : Jurnal Riset Bisnis & Manajemen Vol. 15 No. 1: April 2025
Publisher : Program Studi Manajemen, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34010/jurisma.v15i1.15741

Abstract

This study aims to determine the influence model on Return on Asset (ROA), Loan to Deposit (LDR), and Net Performing Loan (NPL) on Capital Adequacy Ratio (CAR) in banks in Indonesia. Capital adequacy is an important part of banking financial performance, because the achievement of an optimal Capital Adequacy Ratio (CAR) indicates that the bank has sufficient capital to fund each of its operations. Sufficient capital allows banks to easily innovate, so as to develop the company's productivity. Interestingly, CAR is influenced by various factors, so it is necessary to academically examine the factors that affect CAR. This study uses a quantitative approach with an empirical method using Bank BTN data during the 2010-2020 period using the help of SPSS software. Data processing calculations using the classical assumption test and hypothesis testing. Classical assumption test by calculating normality, heteroscedasticity, and autocorrelation tests. Hypothesis testing by calculating the t-test and the F-test. The results showed that this model contributed 81% to the change in CAR. Partially, it shows that ROA has a negative effect on CAR, meaning that the lower the ROA, the higher the CAR, LDR has a negative effect on CAR, meaning that the lower the LDR, the higher the CAR, and NPL has a negative effect on CAR, meaning that the lower the NPL, the higher the CAR. This indicates that an increase or decrease in ROA, LDR, and NPL has an impact on changes in Bank BTN's CAR. Keywords: Finance, Return on Asset (ROA); Loan to Deposit (LDR); Net Performing Loan (NPL); Capital Adequacy Ratio (CAR)
Face-To-Face Learning Methods Are Limited in Overcoming Students' Learning Difficulties During The Pandemic Covid-19 Prasetyo, Yoyok; Irvan Sir; Atmam Amir
ETDC: Indonesian Journal of Research and Educational Review Vol. 1 No. 3 (2022): June
Publisher : Education and Talent Development Center Indonesia (ETDC Indonesia)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51574/ijrer.v1i3.293

Abstract

In Indonesia, the impact of the pandemic was quite severe. This is evidenced by the high mortality rate. To reduce its spread, the minister of education and the government imposed an online learning system which was found to be less effective at elementary school levels, especially in physical education and health lessons, which required a lot of physical activity. Various obstacles that occurred in the learning model in the network resulted in educators preferring the limited face-to-face learning model as a means of delivering material to students. Despite the great risk, it turns out that this limited face-to-face learning model is more effectively used than other learning models. To reduce risk, health protocols must be carried out before starting learning. The results of this limited face-to-face learning show an increase in students' understanding of the material at MI Maarif NU Kebalandono. As a suggestion, a professional teacher must also be able to adapt and adjust to the learning they will do in class under any conditions so that the competencies expected in the curriculum can be conveyed properly to students.
Tantangan Saham Syariah Di Pasar Global Arifin, Desi Siti Habibah; Prasetyo, Yoyok
Aktiva : Jurnal Akuntansi dan Investasi Vol 10, No 1 (2025): AKTIVA
Publisher : Universitas Madura

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53712/aktiva.v10i1.2351

Abstract

The development of Islamic financial markets has shown significant growth. Islamic stocks have become one of the investment instruments that investors are increasingly interested in. Despite this growth, Islamic stocks face complex challenges in the global market. This research is a type of qualitative literature research with descriptive analysis method. Data sources come from written literature, such as books, scientific articles, and others related to the research subject. The challenges of Islamic stocks include limited financial instruments that comply with sharia principles, lack of awareness and understanding of Islamic stocks among global investors, and differences in regulation and compliance in various countries. In addition, low liquidity, complexity in the valuation of Islamic stocks, and changing interpretations of sharia by religious authorities add another layer of difficulty for investors. Lack of supporting infrastructure and global market volatility are also factors that affect the attractiveness of Islamic stocks.
Analysis on Risk, Real Returns, and Performance Measurement of Sharia Stocks and Non-sharia Stocks Prasetyo, Yoyok; Ahmad Azam Sulaiman
Hikmatuna : Journal for Integrative Islamic Studies Vol 7 No 1 (2021): Hikmatuna: Journal for Integrative Islamic Studies, June 2021
Publisher : UIN K.H. Abdurrahman Wahid Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28918/hikmatuna.v7i1.3649

Abstract

Indonesia is predominantly Muslim, however, this does not necessarily mean that the number of sharia stock investors in Indonesia is also large. Referring to SOTS data’s, the number of sharia stocks investors is still very small compared to the number of stock investors as a whole. Therefore, research is needed to understand the comparison of risks, returns, and performance measurement of sharia and non-sharia stocks. Using purposive sampling, a sample of 19 stocks were obtained consisting of 14 sharia stocks and 5 non-sharia stocks from 2014 to 2018. This research is an explanatory comparative method and is a quantitative type using a different test. The results show that there is a difference in risk between sharia and non-sharia stocks. However, there is no difference in yields between Sharia and non-Sharia stocks. Performance measurement based on Risk-Adjusted Performance using the Sharpe ratio show that non-Sharia stocks are more dominant in performance than Sharia stocks. Total risk (SD) of sharia stocks (7.945062) is higher and is somewhat bigger than the average non-sharia stock risk (6,186363) and the real returns between sharia and non-sharia stocks, although descriptively statistical the real returns of sharia stocks (0.066179%) is lower than the non-sharia stocks (1.175495%).
Review of DSN-MUI Fatwa No. 177/DSN-MUI/II/2018 against the Practice of Paying Products on Credit Using the Shopee PayLater Payment Feature on the Shopee Application Prasetyo, Yoyok; Fatimah, Neneng
Al-Muamalat: Jurnal Ekonomi Syariah Vol. 9 No. 1 (2022): January
Publisher : Department of Sharia Economic Law, Faculty Sharia and Law, UIN Sunan Gunung Djati Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/am.v9i1.14617

Abstract

This study aims to find out to practice credit payments using the SPayLater feature in the Shopee application and the suitability of loan funds through the SPayLater feature is based on the DSN-MUI fatwa No.177/DSN-MUI/II/2018 concerning Information Technology-Based Financing Services Based on Sharia Principles. This research was conducted using a descriptive method, which describes specifically the practice of product payments using the SPayLater feature and conformity analysis based on sharia. The results of this study conclude that the use of SPayLater can be done after activation. As for the practice, select the item you want to buy then, click the payment method and select SPayLater, click long payment then confirm, click make the order and enter the Shopeepay PIN. Analysis of the suitability of the DSN-MUI fatwa No. 177/DSNMUI/ II/2018 on loan funds in the form of electronic money in the SPayLater feature there are things in practice that are not in accordance with sharia principles, in which there is an additional fee of minimum installments of 2-95% of the total payment and there are late fees of 5 percent of the total invoices that are due.
RASIO PROFITABILITAS, MANAJEMEN RISIKO DAN MANAJEMEN MODAL KERJA PADA SEKTOR PERBANKAN SYARIAH DAN KONVENSIONAL Abdurraafi, Muhammad; Ernawati, Nani; Prasetyo, Yoyok; Baihaqqy, Mochammad Rizaldy Insan
Jurnal Maneksi (Management Ekonomi Dan Akuntansi) Vol. 14 No. 2 (2025): JUNI
Publisher : Politeknik Negeri Ambon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31959/jm.v14i2.3149

Abstract

Introduction: This study examines profitability ratios, risk management, and working capital management in Islamic and conventional banking sectors. Using a comparative approach, the analysis focuses on financial performance indicators such as Return on Equity (ROE), Non-Performing Financing (NPF)/Non-Performing Loan (NPL), and Current Ratio to identify differences and similarities between the two banking models. The Mann-Whitney U Test is applied to assess whether there are significant differences in these financial ratios between Islamic and conventional banks.Methods: The findings indicate that profitability ratios, risk management strategies, and working capital management differ significantly between the two banking sectors. Islamic banks have a unique financial structure due to Sharia compliance, which influences risk and capital management, including maintaining a more controlled NPF level. Meanwhile, conventional banks rely on interest-based financial mechanisms, shaping their profitability and liquidity strategies differently, including NPL and Current Ratio management to ensure financial stability.Results: The results of this study contribute to a deeper understanding of the financial performance of Islamic and conventional banks. These insights can serve as a guide for policymakers, investors, and banking institutions in making more strategic decisions regarding operations, risk mitigation, and financial planning. Keyword: Profitability Ratio, Risk Management, Working Capital Management, Return on Equity (ROE), Non-Performing Financing (NPF/NPL), Current Ratio (CR
Analisis Perbandingan Kinerja Reksadana Saham Syariah dan Konvensional Berdasarkan NAV/U, AUM, dan Rasio Sharpe Purnama, Satria; Ernawati, Nani; Prasetyo, Yoyok; Baihaqqy, Mochammad Rizaldy Insan
Journal of Innovation in Management, Accounting and Business Vol. 4 No. 2 (2025)
Publisher : Papanda Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56916/jimab.v4i2.1419

Abstract

Perkembangan reksadana syariah secara global menunjukkan tren positif seiring meningkatnya minat terhadap investasi berbasis syariah, didorong oleh kesadaran akan prinsip keuangan beretika dan pertumbuhan ekonomi Islam di negara-negara muslim maupun non-muslim. Di Indonesia, pasar reksadana syariah juga berkembang pesat, sejalan dengan meningkatnya permintaan produk investasi yang sesuai dengan prinsip syariah. Namun, di sisi lain, reksadana saham konvensional pada periode yang sama mengalami volatilitas tinggi akibat ketidakstabilan pasar global, termasuk dampak kebijakan suku bunga The Fed dan gejolak geopolitik. Penelitian ini berupaya menilai, menganalisis, dan membandingkan performa reksa dana efek syariah dan reksa dana efek konvensional yang terdaftar di Otoritas Jasa Keuangan (OJK) pada tahun 2020-2024, dengan menggunakan tiga metode pengukuran kinerja: Pertumbuhan Net Asset Value per Unit (NAV/U), Pertumbuhan Dana Kelolaan (Asset Under Management/AUM), dan Sharpe Ratio. Penelitian ini menggunakan metode kuantitatif dengan sampel sebanyak 35 produk reksadana saham syariah dan 42 produk reksadana saham konvensional. Jenis data yang digunakan merupakan data sekunder. Teknik analisis yang digunakan melibatkan perhitungan statistik non parametrik yaitu Mann Whitney U Test dengan SPSS versi 27. Penemuan ini mengindikasikan adanya perbedaan yang cukup besar dalam kinerja reksa dana efek syariah dan konvensional, yang dinilai dengan menggunakan metodologi Pertumbuhan NAV/U, Pertumbuhan AUM, dan Rasio Sharpe.  Reksa dana efek konvensional lebih unggul dalam ketiga teknik evaluasi kinerja tersebut.