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PERAN SWAP SYARIAH DALAM MENDUKUNG STABILITAS KEUANGAN DAN BISNIS ISLAM DI INDONESIA Cania, Ema Saswita; Marliyah, Marliyah; Sugianto, Sugianto
International Journal Mathla’ul Anwar of Halal Issues Vol. 5 No. 1 (2025)
Publisher : Universitas Mathla’ul Anwar Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30653/ijma.202551.122

Abstract

This research aims to analyze the role of sharia swaps in supporting financial stability and Islamic business in Indonesia. Sharia swaps are a risk mitigation instrument designed to minimize the impact of exchange rate fluctuations in international transactions, in accordance with sharia principles. This research uses a descriptive qualitative method with a literature study approach. The data used includes primary data, such as interviews with practitioners and academics, as well as secondary data, including annual reports of Islamic banks, related regulations, and scientific journals. The analysis was carried out using thematic techniques to identify the relationship between sharia swaps and financial stability and Islamic business. The research results show that Islamic swaps provide significant benefits for Islamic financial institutions, including supporting international transactions, maintaining competitiveness, and strengthening financial stability. However, its implementation still faces challenges, such as a lack of understanding among sharia financial players, limited infrastructure, and the need for a clearer legal framework. Sharia swaps also open opportunities for further development to strengthen Indonesia's role in the global sharia financial market. The conclusion of this research is that sharia swaps not only function as a risk mitigation instrument but also as a driver of sustainable Islamic business growth. This research recommends increasing education, strengthening regulations, and collaboration between stakeholders to optimize the use of sharia swaps in Indonesia.
The Influence Of Islamic Social Capital And Islamic Financial Behavior On The Welfare Of Fishermen (Case Study Of Fishermen In Perupuk Village, Batu Bara Regency) Sahri, Riadil Jannah; Marliyah, Marliyah; Daulay, Aqwa Naser
JHSS (JOURNAL OF HUMANITIES AND SOCIAL STUDIES) Vol 9, No 2 (2025): Journal of Humanities and Social Studies
Publisher : UNIVERSITAS PAKUAN

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33751/jhss.v9i2.12534

Abstract

This study aims to analyze the influence of Islamic Social Capital and Islamic Financial Behavior on the welfare of fishermen in Perupuk Village, Batu Bara Regency. This is a quantitative study using associative analysis. The sampling technique used is the saturated sample method, in which the entire population is used as research respondents. In this study, the population consisted of 95 fishermen, all of whom were included as the research sample. The data analysis techniques used include validity and reliability test, classical assumption test, and multiple linier regression analysis to examine the influence of the dependent variable. The result show that: 1) Islamic social capital and Islamic financial behavior have a significant influence, both partially and simultaneously, on the welfare of fishermen, indicating that social relationships, participation in religious activities, and the application of Islamic financial principles can improve the well-being of fishermen. 2) the influence of Islamic social capital reflects strong ukhuwah (brotherhood) and social solidarity among fishermen. Meanwhile, Islamic financial behavior reflects an awareness of sharia-based financial management. This indicates that Islamic values, when implemented in social life and financial behavior, make a tangible contribution to improving the welfare of fishermen. This study suggest that Islamic social capital and Islamic financial behavior play an important role in enhacing fishermen’s welfare. Therefore, policies that strengthen social networks and improve financial literacy and access to Islamic financial services for fishermen are needed.
The influence of Product Layout, Service, and Product Prices on Purchasing Interest in Traditional Market Retail Stores in Medan Rifaldi Dwi Syahputra; Marliyah, Marliyah; Ahmad Syakir
International Journal of Community Engagement Payungi Vol. 5 No. 3 (2025): International Journal of Community Engagement Payungi
Publisher : Yayasan Payungi Smart Madani

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58879/ijcep.v5i3.70

Abstract

Competition between traditional markets and modern retailers is increasing, especially because traditional markets are sometimes considered less than optimal in terms of product layout, service quality, and price. However, some consumers still shop at traditional markets. This study aims to analyze how product layout, service, and price influence shopping interest in traditional market retail stores in Medan City. The selected population was customers shopping at retail stores in the Padang Bulan traditional market area of Medan, with a purposive sample of 80 participants. Data were processed using multiple linear regression analysis. The results obtained are that the product layout variable has a significant and positive effect on purchasing interest (p-value = 0.009). The service variable has a significant and positive effect on purchasing interest (p-value = 0.006). The product price variable has a significant and positive effect on purchasing interest (p-value = 0.000). It is recommended that further research expand the variables that influence purchasing interest, for example by including other variables such as advertising and product quality. To make the findings of this study more applicable and generalizable, further research can also be conducted in different locations with different market characteristics. Future research should include additional variables such as advertising, product quality, and digital engagement to gain a more comprehensive view of consumer behavior. Studies in other regions with different socio-economic or cultural backgrounds are also recommended to broaden the findings' applicability. This study provides valuable insights into traditional market competitiveness, showing that improving product layout, service quality, and pricing can enhance purchasing interest and help traditional markets remain relevant amid modern retail competition.
Strategies For Survival Of Traditional Small And Medium Enterprises In The Digital Age From An Islamic Economic Perspective Fatimah zahrah Harahap; Marliyah, Marliyah; Harahap, Muhammad Ikhsan
Moneter: Jurnal Keuangan dan Perbankan Vol. 13 No. 2 (2025): JULI
Publisher : Universitas Ibn Khladun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

This qualitative study analyzes the survival strategies of traditional MSMEs in the digital era through a case study of Enrico Pasar Horas Traditional Spice MSME, which has been operating for more than 30 years, using the SOAR (Strengths, Opportunities, Aspirations, Results) analysis method to identify effective strategies for maintaining business existence without comprehensive digital technology adoption. The research findings indicate that SMEs can survive through three main strategies: value-based differentiation rooted in Islamic principles, emphasizing honesty and trustworthiness in maintaining product quality; Islamic relationship marketing that builds long-term relationships based on trust and fairness; and holistic sustainability that integrates economic, social, and environmental responsibilities in accordance with the objectives of Islamic law (maqashid syariah). The implementation of Islamic economic principles such as ash-shidq (honesty), amanah (trust), al-adl (justice), and mas'uliyyah (responsibility) has proven to create a sustainable competitive advantage through financial stability and strong customer loyalty, enabling SMEs to maintain their existence without relying entirely on digital technology in the modern economic transformation.
Manajeman Penerapan Harga Dan Inflasi Dalam Tinjauan Fiqh Muamalah Dan Maqashid Syariah Di Sumatera Utara MayaPutra, Muhammad Umar; Sudiarti, Sri; Marliyah, Marliyah
JURNAL MANAJEMEN DAN BISNIS Vol 3 No 3 (2025): Edisi Januari 2025 - April 2025
Publisher : Fakultas Ekonomi Universitas Tjut Nyak Dhien Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36490/jmdb.v3i3.1654

Abstract

Penelitian ini bertujuan untuk menganalisis peran pemerintah dalam pengendalian inflasi dan penetapan harga dalam perspektif fiqh muamalah dan maqashid syariah di Sumatera Utara. Fiqh muamalah sebagai cabang hukum Islam yang mengatur aktivitas ekonomi umat mencakup prinsip-prinsip keadilan, transparansi, serta perlindungan terhadap kemaslahatan manusia di dunia dan akhirat. Metode yang digunakan adalah pendekatan kualitatif dengan teknik pengumpulan data melalui studi dokumentasi terhadap data inflasi, kemiskinan, serta kebijakan ekonomi yang berlaku di Sumatera Utara. Hasil penelitian menunjukkan bahwa inflasi yang tidak terkendali berpotensi menurunkan daya beli masyarakat, memperburuk distribusi pendapatan, serta memperlambat pertumbuhan ekonomi. Sebaliknya, inflasi yang stabil dapat mendorong investasi dan meningkatkan kesejahteraan. Dalam konteks fiqh muamalah dan maqashid syariah, peran negara sangat penting untuk memastikan aliran harta yang adil melalui penciptaan lapangan kerja, subsidi, dan investasi yang etis. Pemerintah juga berperan menjaga harga agar tidak melampaui batas kewajaran, serta menjamin pemenuhan kebutuhan dasar masyarakat sesuai dengan skala prioritas: dharuriyyah, hajjiyah, dan tahsiniyyah. Kesimpulan, integrasi nilai-nilai fiqh muamalah dan maqashid syariah dalam kebijakan ekonomi mampu menjadi solusi strategis dalam menghadapi tantangan inflasi dan ketimpangan ekonomi. Dengan pendekatan ini, pembangunan ekonomi di Sumatera Utara dapat diarahkan pada tercapainya keadilan, kemaslahatan, dan stabilitas jangka panjang.
Islamic Social Finance and MSME Performance: A Moderated-Mediation Analysis across Aceh and North Sumatera Firdaus, Rayyan; Soemitra, Andri; Marliyah, Marliyah
Share: Jurnal Ekonomi dan Keuangan Islam Vol. 14 No. 2 (2025): IN PROGRESS
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.31610

Abstract

Micro, Small, and Medium Enterprises (MSMEs) are vital to Indonesia’s economy but continue to face barriers in financing, mentorship, and managerial capacity. Islamic Social Finance (ISF), implemented through Micro Waqf Banks (BWM), offers an inclusive solution by integrating joint liability schemes, mentoring, and capital assistance. While prior research affirms the role of ISF in enhancing access to finance and entrepreneurial growth, comparative evidence across regions with differing socio-cultural contexts remains limited. This study examines the differential effects of mentoring, joint liability, and capital provision on micro-entrepreneurial success in Aceh and North Sumatera. Using Partial Least Squares Structural Equation Modeling (PLS-SEM) and Multi-Group Analysis (MGA) on responses from 350 micro-entrepreneurs, the results reveal that joint liability consistently supports enterprise performance, mentoring is more effective in Aceh, and capital provision is most beneficial in less developed areas. The findings indicate that local culture and institutional strength moderate ISF outcomes. Therefore, ISF programs should integrate standardized financial instruments with context-sensitive non-financial interventions to maximize their empowerment potential. This study contributes to the ISF literature and offers practical insights for designing regionally adaptive MSME empowerment policies. Abstrak Keuangan Sosial Islam dan Kinerja UMKM: Analisis Moderasi–Mediasi di Aceh dan Sumatera Utara. Usaha Mikro, Kecil, dan Menengah (UMKM) berperan penting dalam perekonomian Indonesia, namun masih menghadapi kendala akses pembiayaan, pendampingan, dan peningkatan kapasitas manajerial. Keuangan Sosial Islam (Islamic Social Finance/ISF) melalui Bank Wakaf Mikro (BWM) menjadi alternatif inklusif dengan menggabungkan skema tanggung renteng, pendampingan, dan bantuan modal. Meskipun ISF terbukti meningkatkan akses permodalan dan kinerja usaha, bukti komparatif lintas wilayah dengan karakter sosial berbeda masih terbatas. Studi ini meneliti pengaruh pendampingan, tanggung renteng, dan bantuan modal terhadap keberhasilan usaha mikro di Aceh dan Sumatera Utara menggunakan metode Partial Least Squares Structural Equation Modeling (PLS-SEM) dan Multi-Group Analysis (MGA) terhadap 350 responden. Hasil menunjukkan bahwa tanggung renteng berpengaruh positif di kedua provinsi, pendampingan lebih efektif di Aceh, dan bantuan modal lebih bermanfaat di daerah dengan keterbatasan ekonomi. Temuan ini menegaskan bahwa budaya lokal dan kekuatan kelembagaan memoderasi hasil ISF. Oleh karena itu, program ISF perlu mengombinasikan instrumen keuangan baku dengan dukungan non-keuangan yang peka terhadap konteks lokal untuk meningkatkan efektivitas pemberdayaan. Studi ini memperkaya literatur ISF dan memberikan rekomendasi kebijakan bagi strategi pemberdayaan UMKM yang adaptif wilayah.
Pengaruh Hedonic Consumption Tendency, Fashion Involvement, dan Visual Merchandising terhadap Impulsive Buying pada Gen Z di Oh Some Carefour Medan Syahida, Tiara Nurul; Marliyah, Marliyah; Nurbaiti, Nurbaiti
Jurnal Maksipreneur Vol 14 No 2 (2025)
Publisher : Universitas Proklamasi 45

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30588/jmp.v14i2.2423

Abstract

This study aims to examine the influence of hedonic consumption tendency, fashion involvement, and visual merchandising on impulsive buying among Gen Z at Oh Some! Carefour Medan. The growing trend of unplanned purchases among Gen Z highlights the need to examine the emotional and visual factors that influence their purchasing behavior. A quantitative survey method was used, involving 96 respondents aged 18–24. The data were analyzed using multiple linear regression in SPSS. The results show that hedonic consumption tendency and fashion involvement have a positive and significant effect on impulsive buying, while visual merchandising shows no significant effect. Simultaneously, all three variables significantly influence impulsive buying, contributing 42.5%. These findings suggest that emotional aspects and fashion involvement play a key role in shaping impulsive buying behavior among Gen Z.
Unlocking idle waqf assets through institutionalized pentahelix collaboration: Evidence from North Sumatra, Indonesia Lubis, Irma Suryani; Ramadhan, Muhammad; Marliyah, Marliyah
Journal of Islamic Economics Lariba Vol. 11 No. 2 (2025)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol11.iss2.art17

Abstract

IntroductionWaqf, an Islamic endowment intended for perpetual public benefit, remains one of the least-leveraged instruments of regional development in Indonesia. In North Sumatra a large share of endowed land is legally uncertified and economically idle, reflecting weak managerial capacity and fragmented multi-stakeholder coordination.ObjectivesThis study investigates whether an institutionalized Pentahelix governance framework, uniting academia, business, community, government, and media, can transform dormant waqf assets into productive ventures that advance sustainable socio-economic goals.MethodA sequential-exploratory case-study design combined forty semi-structured interviews, extended participatory observation in five waqf institutions, and systematic document analysis of legal records, financial reports, and policy papers. Data were coded thematically using Miles and Huberman’s interactive model, displayed in cross-stakeholder matrices, and triangulated to strengthen analytic credibility.ResultsFive mutually reinforcing bottlenecks emerged: limited public literacy, low professional competence among nazhir (waqf managers), protracted land-title certification, the absence of an integrated digital registry, and ad-hoc stakeholder collaboration. Universities and government agencies show relative engagement, whereas businesses and media remain peripheral, leaving community actors to operate in isolation. A five-lever blueprint, regional synergy forum, professional certification pathways, province-wide digital ledger, targeted fiscal incentives for corporate waqf, and sustained media literacy campaigns, offers an actionable route to align legal certainty, data transparency, and participatory governance.ImplicationsImplementing the proposed blueprint would unlock latent economic value, strengthen public trust, and align North Sumatra’s waqf sector with national Islamic-finance reforms and the United Nations Sustainable Development Goals. The model balances religious legitimacy with market discipline, demonstrating how social-justice mandates can coexist with competitive financial performance.Originality/NoveltyBy integrating “hard” infrastructural prerequisites, secure certification and digital systems, with “soft” relational capital generated through Pentahelix collaboration, the research extends existing theory and supplies a replicable governance template for Islamic social finance.
Analisis Pengaruh Sistem Monitoring Terhadap Kelancaran Pembayaran Kredit Usaha Rakyat (KUR) di Bank Syariah Indonesia KCP Setia Budi Manurung, Sakinah Halim; Marliyah, Marliyah; Nasution, Muhammad Syukri Albani
JPEK: Jurnal Pendidikan Ekonomi dan Kewirausahaan Vol 9 No 3 (2025): JPEK (Jurnal Pendidikan Ekonomi dan Kewirausahaan)
Publisher : Universitas Hamzanwadi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29408/jpek.v9i3.32530

Abstract

This study aims to analyze the influence of the monitoring system on the smoothness of People's Business Credit (KUR) payments at BSI KCP Setia Budi. Using a quantitative approach with regression analysis using SPSS version 26, the results show a positive relationship and significant influence between the monitoring system and smoothness of KUR payments, with a regression coefficient of 0.518. This finding indicates that an improved monitoring system contributes to smooth debtor payments. A structured monitoring system, supported by digital technology and employee training, allows for regular monitoring of debtor performance, reminders of due dates, and mitigation of the risk of late payments. This study recommends strengthening digitalization and regular evaluation of the monitoring system, as well as further research to explore specific indicators such as evaluation frequency and digital application usage.
Pengaruh Intensitas Penggunaan Kartu Plastik dan Mobile Payment terhadap Consumer Behavior: Studi  Kasus Mahasiswa Fakultas Ekonomi dan Bisnis Islam Agustin, Lismaini; Marliyah, Marliyah; Syarvina, Wahyu
Sci-tech Journal Vol. 2 No. 2 (2023): Sci-tech Journal  (STJ)
Publisher : MES Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1080.464 KB) | DOI: 10.56709/stj.v2i2.77

Abstract

The purpose of this study was to determine the effect of the use of ATM cards and the use of mobile payments on consumer behavior in FEBI UINSU students. This study uses a quantitative approach. Data collection used a questionnaire with a simple random sampling technique of 98, but I rounded it up to 100 respondents. With an active student record of 2021 FEBI UINSU. The use of plastic cards and mobile payments contributes 89.4% to consumer behavior, the remaining 10.6% is explained by other variables outside this research model. The results of the t test concluded that the variable use of plastic cards and mobile payments had a positive and significant effect on consumer behavior (consumption behavior) in FEBI UINSU students. Based on the ANOVA test, the F-count was obtained at 411,118 which was greater than the F-table (3.09), it was concluded that the use of plastic cards and mobile payments had a simultaneous effect on consumer behavior (consumption behavior) of students at the Islamic Economics and Business Faculty of UIN Sumatra Utara. Keywords: Plastic Card, Mobile Payment, Consumer Behavior, Consumption Behavior, Intensity
Co-Authors A. Rasyid, Sofya Abd.Majid, M.Shabri Abduh, Arridho Abdul Majid, Shabri Abdul Muis Afrizal Afrizal Afrizal Afrizal Agisty Fiannisa Agustin, Lismaini Agustina, Surya Ahmad Fadli Ahmad Syakir Ahmadi Bi Rahmani, Nur Aini, Ihdi Alfi Amalia Alfi, Laila Alfian, Ian Amin, Haris Al Amiruddin Amiruddin Amsari, Syahrul Andi Putri, Fahresya Nuradinda Andrean, Piter Andri Soemitra Aqilah, Rakha Aqwa Naser Daulay Arianja, Haidir Arifah, Iif Arifin Arifin Arnida Wahyuni Lubis Asriadi, Ari Aswinanta, Asrul Aulia, Lina Ayu Kartika Sari Ayunda, Antin Azahar Siregar, Rahmat Azhari Akmal Tarigan Baehaqi Batubara, Maryam Berutu, Irsyadiah Dermaini Bi Rahmani, Nur Ahmadi br Rangkuti, Putri Apriyani Bunga Dwi Fani Ritonga Cania, Ema Saswita Caniago, Putri Ranggaini Chairani, Zizah Daulay, Muthia Aulia Azhari Dharma, Budi Dhian Rosalina, Dhian Dua, Patta Edi Marjan Nasution Erwin SP, M. Fachrina, Rifka Fadhila Rahma, Tri Inda Fajarillah Sitohang, Sahala Falahuddin, Falahuddin Fatimah zahrah Harahap Fattonah, Rindang Dwi Fauzan , M. Fauzi, Muhammad Firdaus, Rayyan Fitrah, Habib Fitri, Mulyana Fitri, Syahruna Fuadi Fuadi Gaja, Enita Indramayani Gea, Dalmaisyah hafiz, Achmad Al-Hafiz Lubis Halimatussakdiyah Halimatussakdiyah, Halimatussakdiyah Hamdun, Nizar Hani, Zulfa Harahap, Arman Syafii Harahap, Aswan Nawawi Harahap, Muhammad Ikhsan Harahap, Rahmat Daim Haris Al Amin Hasanah, Annisa Javalia Hasibuan, Muhammad Rizal Hilman Fauzi, Hilman Hutagalung , M. Wandisyah R. Ikhsan Harahap, Muhammad Irma Suryani Lubis Irwansyah Putra Marpaung Ismail Ismail Ismail Isnaini Harahap Jarwati, Nega Juhji, Juhji Julfan Saputra Juliana Nasution Kamilah K Kaswinata, Kaswinata Kesuma, Suci Andini Khairunisah, Khairunisah Khairunnisa, Ira Amalia Khinaya, Mutiara Kresna Riady, Dwi Kurnia, Ahmad Laseari, Indah Lubis, Farah Fadhila Lubis, Rafika Amalia Lubis, Rizky Aulia Luh Putu Ratna Sundari M. Ridwan M. Shabri Abd. Majid Manurung, Sakinah Halim Marlya Fatira AK Maulia Pratidina MayaPutra, Muhammad Umar Mega Fatimah Rosana Meutia Dewi, Meutia Mohoridju, Sufian Muhammad Agung Muhammad Arif Muhammad Ramadhan muhammad Syahbudi, muhammad Muhammad Syukri Albani Nasution Muhammad Yafiz, Muhammad Muhammedi, Ssonko Munifan, Munifan Munthe, Yuli Noviah Muslim, Rany Nadia Nadia Nasrun, Muhammad Syaifuddin Nasution, Adanan Murroh Nasution, Hamidah Fadly Nasution, Juliana Nasution, Junita Muharani Nasution, Muhammad Irwan Padli Nasution, Nurdin Nasution, Rizka Nasution, Rizki Aulia Putri Mujur Nasution, Zena Aini Natzmi, Alvi Nazli, Putri Neila Susanti Nofinawati Nofinawati Nst, M. Ziqhri Anhar Nur Fadhilah Ahmad Hasibuan Nurbaiti , Nurbaiti Nurganti, Nurganti Nurlaili Nurlaili Nurlita, Okky Budi Nursantri Yanti Nurul Inayah Nurul Jannah Nurwani Nurwani, Nurwani Pratama, Muhammad Rifky Puspita, Rini Putri, Rafika Chudriana Rafli, Mhd Rahma, Tri Inda Fadhila Rahmat Daim Harahap Rahmawati, Widya Ayu Rahmi Syahriza, Rahmi Raihanah Daulay Ratni, Ratni Ridho Erianto Rifaldi Dwi Syahputra Rita Handayani, Rita Ritonga, Hanny Rahmadani Ritonga, Vera Ayu Ningsih Romadhoni, Fajri Rosalina Simbolon, Linda Royhan Alihasim Hutapea Ruchiyani, Yolanda Sabri Abd. Majid, M. Sabrina, Zafira Sagala, Syarah Asda Pratiwi Sahri, Riadil Jannah Salsabilla, Salsabilla Samri Juliati Nasution, Yenni Saparuddin Siregar Saprinal Manurung Shabri Abd. Majid, M Shifa, Mutiara Silalahi, Purnama Ramadani Simahatie, Mai Sintyani P, Amalia Siregar, Haposan Matua Siregar, Lanina Siregar, Zulhazzi Siti Aisyah Siti Hansyah Dewi Zai Sri Jumiati, Sri Sri Sudiarti Sri Wahyuni Suci Indah Sari Sudarmansyah, Sudarmansyah Sugianto Sugianto Suhailah, Suhailah Susanti, Widya Syahfitri, Rina Syahida, Tiara Nurul Syahputra, Angga Syahraini, Syahraini Syawal Harianto, Syawal Tanjung, Selvira Wardani Tiara Fitriani Fadilah Tuti Anggraini Virdinia, Thasya Waeno, Muhamadaree Wahyu Syarvina Waqqosh, Abi Wifka Yunita Wiwik Handayani Yanti Sirait, Frida YENNI SAMRI JULIATI NASUTION, YENNI SAMRI JULIATI Yuannisa, Rizka Adlia Zahrowaini, Taqiya Zuhrinal M. Nawawi ‘Alimah, Nur