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Global Economic Policy Uncertainty and Islamic Stock Market in Indonesia Mashilal, Mashilal; Amalia, Farah; Visita, Luksi
Muqtasid: Jurnal Ekonomi dan Perbankan Syariah Vol 14, No 2 (2023): MUQTASID: Jurnal Ekonomi dan Perbankan Syariah
Publisher : UIN Salatiga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18326/muqtasid.v14i2.115-132

Abstract

The investigation of economic policy uncertainty (EPU) was necessary during financial and trade integration between countries. In this context, there was a spillover effect of global economic policy protections impacting stock markets. Therefore, this research aimed to determine the effect of global policy proxied by the United States, China, and Japan on Islamic stock market in Indonesia. Macroeconomic indicators were also included in the research model and the time series data was obtained from January 2015 to December 2022. In addition, Vector Error Correction Model (VECM) was used as an analytical method in the model. The results showed that Islamic stocks responded positively to global economic policy, exchange rates, and exports to stock index, while inflation reported a negative response.
The Journey for Being Pro-feminist Male Ulama: A Study among Four Indonesian Ulama Hasyim, Nur; Maulida, Kilau Mentari; Visita, Luksi; Sa’diyah, Zaimatus
JSW (Jurnal Sosiologi Walisongo) Vol. 9 No. 2 (2025)
Publisher : Faculty of Social and Political Sciences - UIN Walisongo Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/jsw.2025.9.2.28454

Abstract

Male ulama have significantly influenced the feminist movement in Indonesia by providing religious interpretations that are attuned to women's experiences and actively addressing injustices faced by women. This research delves into the transformative journeys of four male ulama as they adopted pro-feminist stances and engaged with the feminist movement. Utilizing a phenomenological approach and in-depth interviews for data collection, the study focuses on how these ulama promote gender justice and embrace feminist principles. The findings reveal that the journey to pro-feminism for these ulama involves multiple phases: recognizing sensitizing events, cultivating feminist consciousness, reinforcing feminist values, and taking tangible actions against women's injustices. In their advocacy for gender justice, these ulama have crafted a methodology for interpreting religious texts that centers women's experiences as crucial to understanding faith. This interpretative approach not only supports a gender-just mindset but also seeks to integrate gender justice principles into daily practices. Ultimately, the study illustrates the essential roles male ulama play in fostering a pro-feminist environment and encouraging societal change regarding gender issues in Indonesia.