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<![CDATA[MACROECONOMIC VARIABLES ANALYSIS (INFLATION AND BI 7-DAY REVERSE REPO RATE) ON SHARIA BANKING FINANCING IN INDONESIA ]]>
<![CDATA[Haq, Furqonul]]>;
<![CDATA[Fitrianto, Fitrianto]]>;
<![CDATA[Yusfiarto, Rizaldi]]>
<![CDATA[ JURNAL SYARIKAH : JURNAL EKONOMI ISLAM Vol. 7 No. 1 (2021): Jurnal Syarikah ]]>
Publisher : <![CDATA[Program Studi Ekonomi Islam FEI UNIDA Bogor ]]>
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<![CDATA[ABSTRACTMacroeconomic variables are numerous, including inflation and interest rates determined by the central bank. The interest rate determined by Bank Indonesia is called the BI 7-Day (Reverse) Repo Rate. Inflation and BI 7-Day (Reverse) Repo Rate in the world of sharia banking in Indonesia are two important things that are always taken into account in carrying out the function of banks as a channel of financing to the public. It can be said that sharia banking financing directly or indirectly is greatly influenced by inflation and the BI 7-Day (Reverse) Repo Rate. To calculate the effect of inflation and BI 7-Day (Reverse) Repo Rate on sharia banking financing, this study was conducted. The data used in this study are inflation data, BI 7-Day (Reverse) Repo Rate and sharia banking financing on a monthly basis from 2010-2019 (120 months). The data is then processed by the statistic method using SPSS software with the t test and F test using. The independent variables used in this research are Inflation and BI 7-Day (Reverse) Repo Rate. Hypothesis testing shows that inflation has no significant effect on Islamic banking financing in Indonesia. Meanwhile, the BI 7-Day (Reverse) Repo Rate variable has a significant effect on Islamic banking financing in Indonesia. The results of the F test show that the inflation variable and the BI 7- Day (Reserve) Repo Rate simultaneously have an influence on Islamic banking financing in Indonesia.Keywords: Infation, BI 7-Day Reverse Repo Rate, Sharia Banking Financing]]>
<![CDATA[ROSCAs THROUGH THE ISLAMIC COMMUNITY: AN ALTERNATIVE TO ENHANCING ENTREPRENEURSHIP AND WEALTH ]]>
<![CDATA[Pambekti, Galuh Tri]]>;
<![CDATA[Yusfiarto, Rizaldi]]>;
<![CDATA[Nugraha, Septy Setia]]>
<![CDATA[ Journal of Islamic Monetary Economics and Finance Vol 8 (2022): Special Issue: Islamic Social Finance ]]>
Publisher : <![CDATA[Bank Indonesia ]]>
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DOI: 10.21098/jimf.v8i0.1371
<![CDATA[The purpose of the study is to analyse the influence of the motives and benefits of participation in Rotating Savings and Credit Associations (ROSCAs) on household wealth and entrepreneurship through mediating community commitment. Structural equation modeling (SEM) was used on the data collected using purposive sampling and a sample of 225 respondents in the provinces of East Java, Central Java, West Java, D.I. Yogyakarta, and D.K.I. Jakarta. The results show that ROSCAs have a direct effect on entrepreneurial intention and may affect household wealth. It is also concluded that ROSCAs can be an instrument of Islamic social finance, as their characteristics are not burdensome to members. They involve the principle of cooperation, and are not affected by interest rates or inflation. Acknowledgment The authors would like to thank Bank Indonesia Institute, Bank Indonesia, for the funding that made this study possible.]]>
<![CDATA[DOES ISLAMIC SOCIAL CAPITAL ENHANCE SMEs SUSTAINABLE PERFORMANCE? ]]>
<![CDATA[Yusfiarto, Rizaldi]]>;
<![CDATA[Pambekti, Galuh Tri]]>;
<![CDATA[Setiawan, Ananda]]>;
<![CDATA[Khoirunnisa, Annes Nisrina]]>;
<![CDATA[Nugraha, Septy Setia]]>
<![CDATA[ Journal of Islamic Monetary Economics and Finance Vol 8 No 1 (2022) ]]>
Publisher : <![CDATA[Bank Indonesia ]]>
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DOI: 10.21098/jimf.v8i1.1398
<![CDATA[The study examines the roles of Islamic social capital and firm innovativeness in maintaining sustainable performance of SMEs in Indonesia. Compiling data from 186 respondents and using the partial least squares structural equation modeling approach (SEM-PLS), the study documents the importance of Islamic social capital for many aspects of businesses. The Islamic social capital not only supports business activities but also strengthens business networks, which in turn boosting firms’ innovation its performance. Acknowledgment The authors would like to thank Bank Indonesia.]]>
<![CDATA[MUSLIM WOMEN SWITCHING INTENTION TO HALAL COSMETIC: PUSH-PULL-MOORING MODEL APPLICATION ]]>
<![CDATA[Pambekti, Galuh Tri]]>;
<![CDATA[Nugraha, Septy Setia]]>;
<![CDATA[Yusfiarto, Rizaldi]]>
<![CDATA[ Journal of Islamic Monetary Economics and Finance Vol 9 No 2 (2023) ]]>
Publisher : <![CDATA[Bank Indonesia ]]>
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DOI: 10.21098/jimf.v9i2.1633
<![CDATA[This study focuses on the factors that contribute to switching intentions from non-halal cosmetics to halal cosmetics by Muslim women in Indonesia. Using a questionnaire and purposive sampling, we compile data from a total of 236 women who use halal cosmetics and then apply the SEM-PLS for data analysis. The results show that the pull effect significantly affects Muslim women's intention to switch to halal cosmetics and is moderated negatively by switching costs. By contrast, the push effect doesn’t significantly affect the intention to switch to halal cosmetics. In addition, halal awareness and switching costs directly affect Muslim women's switching intentions from non-halal to halal cosmetics. Acknowledgment The authors would like to thank Bank Indonesia Institute, Bank Indonesia, for the funding that made this study possible.]]>
<![CDATA[CBDC ADOPTION: ALIGNING MODEL TECHNOSTRESS INHIBITORS AND PERCEIVED VALUE AMONG INDONESIAN GENERATION Z ]]>
<![CDATA[Febriyanto, Ahmad]]>;
<![CDATA[Adenia, Niniek]]>;
<![CDATA[Annabila, Isfiya]]>;
<![CDATA[Yusfiarto, Rizaldi]]>
<![CDATA[ Journal of Central Banking Law and Institutions Vol. 4 No. 1 (2025) ]]>
Publisher : <![CDATA[Bank Indonesia ]]>
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DOI: 10.21098/jcli.v4i1.258
<![CDATA[In recent years, central banks have been left scrambling to respond to the increase in Cryptocurrency transactions by establishing legitimate digital currencies called Central Bank Digital Currency (CBDC). The success of CBDC programmes will be closely tied to the public interest in adopting CBDC. Given the emerging influence of those born into what is commonly known as Generation Z, this research involved 329 Indonesians identifying as Generation Z to determine factors affecting the adoption of Indonesian CBDC. All data were analysed using Structural Equation Modelling Partial Least Square (SEM-PLS). The results show that the main determinants driving Generation Z’s interest in adopting CBDC are perceived value (epistemic, monetary, and convenience value) and general trust. Technostress inhibitors (facilitation of literacy and engagement facilitation) tended to influence Generation Z’s trust. General trust in this study also shows a partial moderating effect in the relationship between perceived value and intention to use CBDC and a full moderation effect on the relationship between technostress inhibitors and intention to use CBDC. The findings of this study provide advice to Bank Indonesia on how to increase the usefulness of CBDC related to monetary value and the value derived from the ease of use of CBDC to maintain public trust and increase public interest.]]>
<![CDATA[Necessary and Sufficient Conditions for Purchasing Halal Skincare: Extending the Theory of Planned Behavior ]]>
<![CDATA[Khoirunnisa, Annes Nisrina]]>;
<![CDATA[Ohgata, Satomi]]>;
<![CDATA[Khoirunisa, Kharisa Rachmi]]>;
<![CDATA[Pambekti, Galuh Tri]]>;
<![CDATA[Yusfiarto, Rizaldi]]>
<![CDATA[ Indonesian Journal of Halal Research Vol. 7 No. 1 (2025): February ]]>
Publisher : <![CDATA[UIN Sunan Gunung Djati Bandung ]]>
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DOI: 10.15575/ijhar.v7i1.39556
<![CDATA[This study aims to comprehensively analyze the factors influencing the purchasing intentions and attitudes of Indonesian Muslim youth toward halal skincare products. Utilizing the Theory of Planned Behavior (TPB), it integrates both external and internal components, including halal certification, halal literacy, and religiosity. Data were gathered from 233 Muslim adolescents, and the proposed model was evaluated using partial least squares structural equation modeling (PLS-SEM) to analyze net effect factors, followed by necessary condition analysis (NCA) to identify critical components. The outer loading values of PLS-SEM range from 0.736 to 0.945, indicating that the indicators used have a strong and reliable contribution to the constructs they represent. The research results indicate that the net effect analysis demonstrates that the dimensions of TPB and halal literacy significantly influence the purchase intention of halal skincare products. The NCA results indicate that Attitude (9.4%) and Perceived Behavioral Control (65.3%) play a crucial role in influencing consumers' purchase decisions for halal skincare products, with PBC being the most significant determinant. Halal Certification (16.5%-25.6%) serves as a key prerequisite for fostering a positive attitude, while Subjective Norms (5.8%-45.5%) become more influential once a fully established positive attitude is achieved.]]>
<![CDATA[DOES ISLAMIC SOCIAL CAPITAL ENHANCE SMEs SUSTAINABLE PERFORMANCE? ]]>
<![CDATA[Yusfiarto, Rizaldi]]>;
<![CDATA[Pambekti, Galuh Tri]]>;
<![CDATA[Setiawan, Ananda]]>;
<![CDATA[Khoirunnisa, Annes Nisrina]]>;
<![CDATA[Nugraha, Septy Setia]]>
<![CDATA[ Journal of Islamic Monetary Economics and Finance Vol. 8 No. 1 (2022) ]]>
Publisher : <![CDATA[Bank Indonesia ]]>
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DOI: 10.21098/jimf.v8i1.1398
<![CDATA[The study examines the roles of Islamic social capital and firm innovativeness in maintaining sustainable performance of SMEs in Indonesia. Compiling data from 186 respondents and using the partial least squares structural equation modeling approach (SEM-PLS), the study documents the importance of Islamic social capital for many aspects of businesses. The Islamic social capital not only supports business activities but also strengthens business networks, which in turn boosting firms’ innovation its performance. Acknowledgment The authors would like to thank Bank Indonesia.]]>
<![CDATA[Analisis Pengaruh Variabel Makro Terhadap Return Indeks Saham Syariah Di Indonesia: Studi Pada Fenomena Perang Dagang Global ]]>
<![CDATA[Yusfiarto, Rizaldi]]>;
<![CDATA[Pambekti, Galuh Tri]]>
<![CDATA[ Al-Mal: Jurnal Akuntansi dan Keuangan Islam Vol. 1 No. 1 (2020): Juni 2020 ]]>
Publisher : <![CDATA[Universitas Islam Negeri Raden Intan Lampung ]]>
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DOI: 10.24042/al-mal.v1i1.5323
<![CDATA[Penelitian ini bertujuan untuk membuktikan Perkembangan investasi di pasar modal syariah, terutama Jakarta Islamic Index (JII) sebagai persentase mengalami perkembangan yang signifikan, itu karena indeks Islam menggunakan prinsip-prinsip dan prosedur Islam. Metode pendekatan yang digunakan yaitu metode kunatitatif dengan menggunakan alat olah data software Eviews 9. Hasil penelitian menunjukan bahwa Fenomena perang dagang antara Amerika Serikat dan China memiliki dampak pada fluktuasi variabel makro, yang secara empiris dapat mempengaruhi pertumbuhan indeks syariah. Keterbatasan pada penelitian ini untuk menganalisis dampak perubahan karena sentimen perang dagang. variabel ekonomi makro yang digunakan dalam penelitian ini adalah USD / IDR nilai tukar, nilai tukar CNY / IDR, inflasi, minyak mentah WTI dan minyak ICP mentah. analisis regresi otomatis ini menggunakan studi vektor teknik (VAR). uji stasioneritas menggunakan uji Augmented Dickey-Fuller (ADF Test) dan Uji Philips-Perron sehingga dapat membuka peluang untuk peneliti lainnya untuk melakukan penelitian ulang dengan variabel lainnya. Implikasi pada penelitian ini yaitu untuk melihat Fluktuasi kondisi makro ekonomi akibat sentimen perang dagang global yang telah telah menunjukan pengaruh yang nilai signifikansinya sangat tinggi, karenanya diperlukan diagnostik lebih mendalam terhadap fenomena tersebut. ]]>
<![CDATA[RELATIONSHIP BETWEEN CAPITAL STRUCTUR FACTORS AND FIRM PERFORMANCE ]]>
<![CDATA[Yusfiarto, Rizaldi]]>
<![CDATA[ Jurnal Ilmu Manajemen dan Akuntansi Terapan (JIMAT) Vol. 11 No. 1 (2020): Jurnal Ilmu Manajemen dan Akuntansi Terapan (JIMAT) ]]>
Publisher : <![CDATA[Sekolah Tinggi Ilmu Ekonomi Totalwin ]]>
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DOI: 10.36694/jimat.v11i1.212
<![CDATA[Measurement of firm performance becomes very important for management to evaluate and planning for future goals. Several factors can affect firm performance, including profitability, ownership structure, and company size. For that this study aims to examine the effect of profitability, ownership structure, company size on firm performance with capital structure as an intervening variable. Data obtained during the period 2016-2018 from manufacturing companies listed on the Indonesia Stock Exchange. The results in this study indicate profitability, ownership structure and firm size simultaneously (together) affect the capital structure. Profitability, ownership structure, firm size, and capital structure simultaneously (together) affect the firm's performance.]]>
<![CDATA[ROSCAs THROUGH THE ISLAMIC COMMUNITY: AN ALTERNATIVE TO ENHANCING ENTREPRENEURSHIP AND WEALTH ]]>
<![CDATA[Pambekti, Galuh Tri]]>;
<![CDATA[Yusfiarto, Rizaldi]]>;
<![CDATA[Nugraha, Septy Setia]]>
<![CDATA[ Journal of Islamic Monetary Economics and Finance Vol. 8 (2022): Special Issue: Islamic Social Finance ]]>
Publisher : <![CDATA[Bank Indonesia ]]>
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DOI: 10.21098/jimf.v8i0.1371
<![CDATA[The purpose of the study is to analyse the influence of the motives and benefits of participation in Rotating Savings and Credit Associations (ROSCAs) on household wealth and entrepreneurship through mediating community commitment. Structural equation modeling (SEM) was used on the data collected using purposive sampling and a sample of 225 respondents in the provinces of East Java, Central Java, West Java, D.I. Yogyakarta, and D.K.I. Jakarta. The results show that ROSCAs have a direct effect on entrepreneurial intention and may affect household wealth. It is also concluded that ROSCAs can be an instrument of Islamic social finance, as their characteristics are not burdensome to members. They involve the principle of cooperation, and are not affected by interest rates or inflation. Acknowledgment The authors would like to thank Bank Indonesia Institute, Bank Indonesia, for the funding that made this study possible.]]>
