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The Effectiveness Of Productive Infaq-Based Community Economic Empowerment to The Small And Medium Enterprises (SMEs) Growth in Pekalongan Arisnawati, Nur Fani
IQTISHADIA Vol 14, No 1 (2021): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v14i1.7910

Abstract

This study aims to find out (1) the procedure of distributing productive infaq to empower the SMEs’ economy and (2) the effectiveness of productive infaq-based economy empowerment for SMEs growth by BAZNAS through Sharia Financial Institutions in Pekalongan. This research applies a qualitative method using a phenomenology approach, where BAZNAS serves as the primary data. During data collection, this research uses triangulation: observation, interviews, and documentation. Additionally, the sample was selected based on a purposive sampling technique. This study finds out that productive infaq is allocated by sharia financial institutions. Also, the distribution of ZIS (alms and infaq) through the non-profit institutions does not apply profit sharing between BAZNAS and the institutions because it is under qardul hasan. BAZNAS utilizes the productive infaq to increase the capital for business people. If the business has achieved its targets and objectives, the program can be found to be effective. Infaq of Sharia Financial Institutions in 2017-2018 reached 160 million IDR that has been distributed to the SMEs. As a result, the distribution can be considered very effective and may need improvement to get economic growth in Pekalongan.
The Effectiveness Of Productive Infaq-Based Community Economic Empowerment to The Small And Medium Enterprises (SMEs) Growth in Pekalongan Arisnawati, Nur Fani
IQTISHADIA Vol 14, No 1 (2021): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v14i1.7910

Abstract

This study aims to find out (1) the procedure of distributing productive infaq to empower the SMEs’ economy and (2) the effectiveness of productive infaq-based economy empowerment for SMEs growth by BAZNAS through Sharia Financial Institutions in Pekalongan. This research applies a qualitative method using a phenomenology approach, where BAZNAS serves as the primary data. During data collection, this research uses triangulation: observation, interviews, and documentation. Additionally, the sample was selected based on a purposive sampling technique. This study finds out that productive infaq is allocated by sharia financial institutions. Also, the distribution of ZIS (alms and infaq) through the non-profit institutions does not apply profit sharing between BAZNAS and the institutions because it is under qardul hasan. BAZNAS utilizes the productive infaq to increase the capital for business people. If the business has achieved its targets and objectives, the program can be found to be effective. Infaq of Sharia Financial Institutions in 2017-2018 reached 160 million IDR that has been distributed to the SMEs. As a result, the distribution can be considered very effective and may need improvement to get economic growth in Pekalongan.
Faktor Internal dan Ekternal yang Mempengaruhi Underpricing Saham Ketika IPO di DES Amalia, Lala; Arisnawati, Nur Fani
Jurnal Akuntansi dan Audit Syariah (JAAiS) Vol 2 No 1 (2021): June 2021
Publisher : Jurusan Akuntansi Syariah Fakultas Ekonomi dan Bisnis Islam IAIN Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (972.565 KB) | DOI: 10.28918/jaais.v2i1.4074

Abstract

This empirical research was needed to find out the effect of the Earning Per Share,Underwriter Repuation, Inflation, and the exchange rate (Rupiah to US Dollar) onunderpricing of the stock at the time of initial public offering in Syariah Stock List inthe periode time of 2017-2019. The data analysis technique was a multiple linierregression. The result of this reserch showed that simultaneous Earning Per Share,Underwriter Repuation, Inflation, and the exchange rate have a significant effect onstock underpricing. Partially, Earning Per Share has a significant negative effect tounderpricing, Underwriter Reputation doesn’t have a significant negatife effect tounderpricing, Inflation doesn’t have a significant positive effect to underpricing, andThe Exchange Rate has a significant positive effect to underpricing.
Does ROE Moderate the Impact of Temporary Shirkah Funds on SMEs Financing in Indonesia? Arisnawati, Nur Fani
Share: Jurnal Ekonomi dan Keuangan Islam Vol 13, No 1 (2024)
Publisher : Faculty of Islamic Economics and Business, Universitas Islam Negeri Ar-Raniry

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22373/share.v13i1.21870

Abstract

This study investigates the impact of temporary shirkah funds on the financing of Small and Medium Enterprises (SMEs) in Indonesia, using Bank Syariah Indonesia (BSI) as a sample. The Return on Equity (ROE) is utilized as a moderating variable. Employing a quantitative approach, secondary data was collected from BSI’s quarterly reports on the Indonesia Stock Exchange for the period of 2019-2021. The data was analyzed using Moderated Regression Analysis (MRA) with the Eviews 9 application. The results indicate that temporary syirkah funds have a significant partial effect on SMEs financing. However, ROE does not moderate the relationship between temporary syirkah funds and SMEs financing in BSI. These findings provide valuable insights for future researchers to further explore SME financing and highlight the importance of government support for Islamic banks in their efforts to finance SMEs, given the crucial role these enterprises play in the real sector and in bolstering the Indonesian economy. This study contributes to the growing body of literature on Islamic finance and SME financing, offering practical implications for policymakers and Islamic financial institutions.========================================================================================================ABSTRAK – Apakah ROE Memoderasi Pengaruh Dana Syirkah Temporer terhadap Pembiayaan UKM di Indonesia? Penelitian ini mengkaji pengaruh dana syirkah temporer terhadap pembiayaan Usaha] Kecil dan Menengah (UKM) di Indonesia dengan sampel pada Bank Syariah Indonesia (BSI) sementara Return on equity (ROE) dijadikan sebagai variabel moderasi. Menggunakan pendekatan kuantitatif, data penelitian dikumpulkan dari laporan triwulanan BSI di Bursa Efek Indonesia (BEI) untuk periode 2019-2021. Data dianalisis menggunakan Moderated Regression Analysis (MRA) dengan aplikasi Eviews 9. Hasil penelitian menunjukkan bahwa dana syirkah temporer memiliki pengaruh parsial yang signifikan terhadap pembiayaan UKM, tetapi ROE tidak memoderasi hubungan antara dana syirkah temporer dengan pembiayaan UKM di Bank Syariah Indonesia. Temuan ini dapat menjadi dasar bagi peneliti selanjutnya untuk lebih mengeksplorasi pembiayaan UKM dengan fokus urgensi dukungan pemerintah bagi bank syariah dalam pembiayaan UKM, mengingat peran penting yang dimainkan oleh usaha-usaha ini di sektor riil dan dalam mendorong perekonomian Indonesia. Studi ini berkontribusi terhadap pengembangan literatur tentang keuangan syariah dan pembiayaan UKM, memberikan implikasi praktis bagi pembuat kebijakan dan lembaga keuangan syariah.
THE MEDIATING EFFECT OF PROFITABILITY ON LIQUIDITY AND CAPITAL STRUCTURE ON COMPANY GROWTH: EMPIRICAL EVIDENCE FROM JAKARTA ISLAMIC INDEX (JII) COMPANIES Arisnawati, Nur Fani; Utami, Yunita Lisnaningtyas
Dynamic Management Journal Vol 9, No 1 (2025): January
Publisher : Universitas Muhammadiyah Tangerang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31000/dmj.v9i1.13419

Abstract

The purpose of this study was to determine the mediating effect of profitability on liquidity and capital structure on company growth with empirical evidence from the Jakarta Islamic Index (JII). The research used is the quantitative method. The subjects used 17 companies listed JII for 2021-2023. The data analysis used is path analysis, hypothesis testing, the coefficient of determination, path calculation, and the Sobel test. The results of the study are that the liquidity variable (X1) on profitability has no effect and is not significant. The liquidity variable (X1) on profitability has no effect and is not significant. The liquidity variable has no effect on company growth and is not significant. Capital structure variable has no effect on company growth and is not significant. Profitability variable has a positive and significant effect on company growth. Profitability variable cannot affect the relationship between liquidity (X1) and profitability. Profitability variable cannot mediate the effect of capital structure variable on company growth.
Does ROE Moderate the Impact of Temporary Shirkah Funds on SMEs Financing in Indonesia? Arisnawati, Nur Fani
Share: Jurnal Ekonomi dan Keuangan Islam Vol. 13 No. 1 (2024)
Publisher : Faculty of Islamic Economics and Business, Universitas Islam Negeri Ar-Raniry

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22373/share.v13i1.21870

Abstract

This study investigates the impact of temporary shirkah funds on the financing of Small and Medium Enterprises (SMEs) in Indonesia, using Bank Syariah Indonesia (BSI) as a sample. The Return on Equity (ROE) is utilized as a moderating variable. Employing a quantitative approach, secondary data was collected from BSI’s quarterly reports on the Indonesia Stock Exchange for the period of 2019-2021. The data was analyzed using Moderated Regression Analysis (MRA) with the Eviews 9 application. The results indicate that temporary syirkah funds have a significant partial effect on SMEs financing. However, ROE does not moderate the relationship between temporary syirkah funds and SMEs financing in BSI. These findings provide valuable insights for future researchers to further explore SME financing and highlight the importance of government support for Islamic banks in their efforts to finance SMEs, given the crucial role these enterprises play in the real sector and in bolstering the Indonesian economy. This study contributes to the growing body of literature on Islamic finance and SME financing, offering practical implications for policymakers and Islamic financial institutions.========================================================================================================ABSTRAK – Apakah ROE Memoderasi Pengaruh Dana Syirkah Temporer terhadap Pembiayaan UKM di Indonesia? Penelitian ini mengkaji pengaruh dana syirkah temporer terhadap pembiayaan Usaha] Kecil dan Menengah (UKM) di Indonesia dengan sampel pada Bank Syariah Indonesia (BSI) sementara Return on equity (ROE) dijadikan sebagai variabel moderasi. Menggunakan pendekatan kuantitatif, data penelitian dikumpulkan dari laporan triwulanan BSI di Bursa Efek Indonesia (BEI) untuk periode 2019-2021. Data dianalisis menggunakan Moderated Regression Analysis (MRA) dengan aplikasi Eviews 9. Hasil penelitian menunjukkan bahwa dana syirkah temporer memiliki pengaruh parsial yang signifikan terhadap pembiayaan UKM, tetapi ROE tidak memoderasi hubungan antara dana syirkah temporer dengan pembiayaan UKM di Bank Syariah Indonesia. Temuan ini dapat menjadi dasar bagi peneliti selanjutnya untuk lebih mengeksplorasi pembiayaan UKM dengan fokus urgensi dukungan pemerintah bagi bank syariah dalam pembiayaan UKM, mengingat peran penting yang dimainkan oleh usaha-usaha ini di sektor riil dan dalam mendorong perekonomian Indonesia. Studi ini berkontribusi terhadap pengembangan literatur tentang keuangan syariah dan pembiayaan UKM, memberikan implikasi praktis bagi pembuat kebijakan dan lembaga keuangan syariah.