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All Journal Al-Urban: Jurnal Ekonomi Syariah dan Filantropi Islam Jurnal Organisasi Dan Manajemen Iqtishoduna: Jurnal Ekonomi Islam BASKARA: Journal of Business and Entrepreneurship Media Ekonomi IIJSE Jurnal Pengabdian Masyarakat dan Riset Pendidikan Media Riset Bisnis Ekonomi Sains dan Terapan JP2N: Jurnal Pengembangan Dan Pengabdian Nusantara Taraadin : Jurnal Ekonomi dan Bisnis Islam
R. Melda Maesarach
Universitas Muhammadiyah Jakarta
Humanities Chemical Engineering, Chemistry & Bioengineering Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Mathematics Social Sciences Other

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Analysis of Islamic Business Ethics on the Production Process of Dumma Official Muslim Fashion: An Ethnometodological Approach Ariawansyah, Furqon; Maesarach, R. Melda
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 1 (2025): Sharia Economics
Publisher : Sharia Economics Department Universitas KH. Abdul Chalim, Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i1.7038

Abstract

This study aims to analyze the application of Islamic business ethics in the production process at DUMMA Official and its impact on operational efficiency, work culture, and customer loyalty. The research problem stems from the lack of empirical studies that discuss how sharia principles are not only normative but also contribute to effective and sustainable business practices. To fill this research gap, the study was conducted using a qualitative approach through in-depth interviews, observation, and analysis of company documents. The results show that the implementation of values such as honesty, justice, social responsibility, and transparency contributes positively to the company's performance. Shariah-based SOPs and flexibility in working hours for religious needs enhance operational efficiency, while transparency in reporting and the use of halal and thayyib raw materials foster customer loyalty. This study offers implications for similar companies to adopt Islamic business ethics principles, thereby creating a balance between operational success and spiritual benefits.
A Comparative Analysis of the Performance of Sharia and Conventional Equity Mutual Funds in Indonesia: A Review of Reputation, Stock Selection, and Market Timing Sulaiman, Kavi; Maesarach, R. Melda
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 8 No 1 (2025): Sharia Economics
Publisher : Sharia Economics Department Universitas KH. Abdul Chalim, Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v8i3.8151

Abstract

This study examines the comparative performance of Sharia and conventional equity mutual funds in Indonesia by assessing the influence of reputation, stock selection ability, and market timing on risk-adjusted returns as measured by the Sharpe Ratio. The research is motivated by the increasing demand for Sharia-compliant investment alternatives and the growing competition with conventional financial products. The core problem addressed in this study is whether managerial strategies and reputation significantly differentiate the performance of Sharia-based funds from their conventional counterparts. The primary objectives are to analyze the effects of fund reputation, stock selection skills, and market timing on mutual fund performance and to identify whether significant differences exist between Sharia and conventional funds. This quantitative study employs a comparative and causal associative approach using secondary data from 18 mutual funds (9 Sharia and 9 conventional) over the period 2020–2024. The Sharpe Ratio was calculated to measure performance, while stock selection and market timing abilities were evaluated using the Treynor-Mazuy model. The findings reveal that conventional mutual funds outperform Sharia mutual funds in terms of risk-adjusted return. However, no statistically significant differences were observed in stock selection and market timing abilities between the two fund types. Moreover, fund reputation did not significantly influence performance in either category. These results suggest that external market factors and strategic alignment may have a greater impact than past ratings or technical timing. The study contributes to both academic and practical investment discourse, offering insights for investors and fund managers seeking to optimize performance within ethical and financial constraints.
Analisis Perbandingan Model Business Screening dan Financial Screening Indeks Saham Syariah Global berdasarkan Tinjauan Maqashid Syariah R. Melda Maesarach; Siti Jamilah; Isfandayani; Muhammad Fahmi; Ali Amin, Irsyad
Al-Urban: Jurnal Ekonomi Syariah dan Filantropi Islam Vol. 9 No. 1 (2025)
Publisher : Universitas Muhammadiyah Prof. DR. HAMKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22236/alurban_vol9.i1/19955

Abstract

This study aims to analyze the comparison between business screening and financial screening models used in global Islamic stock indices through the lens of maqashid shariah. The research employs an explanatory method based on literature review and expert interviews. The findings reveal that current screening models remain legal-formalistic and do not fully reflect the substantive values of maqashid shariah such as social justice, environmental protection, and business ethics. Therefore, a reformulation is needed to ensure the screening models fulfill not only legal compliance but also promote public benefit and prevent harm. This study recommends developing a maqashid-based screening framework that is more holistic and socially transformative.
Financial Health and Financial Distress: The Moderating Role of Firm Size in Islamic Banks (2021–2023) Adilah, Isna Putri; Maesarach, R. Melda
IQTISHODUNA: Jurnal Ekonomi Islam Vol. 14 No. 2 (2025): October (On Progress)
Publisher : LPPM, Universitas Islam Syarifuddin Lumajang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54471/iqtishoduna.v14i2.3442

Abstract

The purpose of this study is to use the Risk Profile, Good Corporate Governance, Earnings, and Capital (RGEC) technique to examine the financial health of Indonesian Islamic commercial banks from 2021 to 2023. Firm size is used as a moderating variable for financial distress. Using secondary data from Islamic commercial banks' annual financial reports, the investigation looked at the correlations between the variables using moderation regression methods. The findings indicate that while the Operational Cost to Operational Income Ratio (CIR) has a large favorable impact on financial hardship, the Capital Adequacy Ratio (CAR) has a considerable negative impact. However, as their values are below the table, Non-Performing Financing (NPF), Good Corporate Governance (GCG), Financing to Deposit Ratio (FDR), and Return on Assets (ROA) have no discernible impact. The association between financial hardship and NPF, GCG, and ROA is moderated by firm size, but not by other factors. The model well describes the variability of financial hardship, as evidenced by the determination coefficient of 91.6%. This study highlights the importance of firm size in mitigating financial distress and offers insights for regulators and bank management to enhance financial performance and reduce financial distress risks.
PENDIDIKAN MITIGASI KEBENCANAAN PADA MASYARAKAT MENTENG Nurlaelah; Trijeti; Maesarach, R. Melda; Khair, Otti Ilham
JP2N : Jurnal Pengembangan Dan Pengabdian Nusantara Vol. 1 No. 2 (2024): JP2N: Januari - April 2024
Publisher : Yayasan Pengembangan Dan Pemberdayaan Nusantara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62180/0f8mje03

Abstract

Mitigasi merupakan rangkaian langkah-langkah untuk mengurangi risiko bencana, yang mencakup pembangunan fisik serta upaya penyuluhan dan peningkatan keterampilan dalam menghadapi bencana. Tujuannya adalah mengurangi kerugian di masa depan, termasuk risiko kematian, cedera, dan kerugian ekonomi. Pendidikan tentang mitigasi bencana gempa bumi penting, terutama di daerah padat penduduk seperti RW 09 Kelurahan Menteng, Jakarta Pusat, untuk mengurangi risiko yang mungkin terjadi. Masyarakat perlu mengembangkan kemampuan untuk sensitivitas adaptasi bencana.  Kata Kunci: Adaptasi. Bencana, Masyarakat kota
Co-Authors Aby Fadly Adilah, Isna Putri Ahmad Fauzan Ahmad Rodoni Ali Amin, Irsyad Ariawansyah, Furqon Dedi Zulkarnain Deni Tri Atmaja Dwi Nita Aryani Hartutik Hartutik Ilham Suhada Isfandayani Jaharuddin Jaharuddin Jaharuddin, Jaharuddin Khair, Otti Ilham MUHAMMAD FAHMI Nur Azlina Nurlaelah Rizqi, Muhammad Hafizh Rosnia Masruki Said, Muhammad Siti Jamilah Siti Jamilah Sulaiman, Kavi Susi Tri Mulato Trijeti