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Pengaruh Kebijakan Moneter dan fiskal Islam terrhadap Kesenjangan di Indonesia Hafizhah, Nur Zakiya; Hikmah, Lailatul; Rusgianto, Sulistya
Jurnal Ekonomika dan Bisnis Islam Vol 7 No 3 (2024): Desember
Publisher : Universitas Negeri Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26740/jekobi.v7n3.p1-10

Abstract

Monetary policy and fiscal policy are two important policies in maintaining the economy, especially in maintaining the gap in Indonesia. This study aims to determine the effect of Islamic monetary policy, Islamic fiscal policy, unemployment, and inflation on inequality in Indonesia in the short and long term. The method used in this study is a quantitative method with the Vector Error Correction Model (VECM) analysis technique with time series data from 2011 Q1 to 2022 Q4 taken from the central statistical agency and Indonesian financial and economic statistics. The results of this study indicate that Islamic monetary policy in the short and long term has no effect on inequality, Islamic fiscal policy variables in the short term have not been able to overcome the gap while in the long term fiscal policy is able to overcome the gap, inflation and unemployment have no influence in the short term but have a long-term influence on inequality in Indonesia the higher inflation and unemployment will increase the gap.
Front Matter Volume 34, No. 2, June-November 2024 Rusgianto, Sulistya
Jurnal Ekonomi dan Bisnis Airlangga Vol. 34 No. 2 (2024): JURNAL EKONOMI DAN BISNIS AIRLANGGA
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jeba.V34I22024.%p

Abstract

Revitalisasi UMK melalui Edukasi Penerapan Manajemen Berbasis Sustainable Oriented Innovation dan Pemasaran Berbasis Online: Revitalization of MSE through Education on the Implementation of Management Based on Sustainable Oriented Innovation and Online-Based Marketing Rusgianto, Sulistya; Fathurrohman, Muhammad Said; Bayuny, Ahmad Fadlur Rahman; Fauzi, R. Mohammad Qudsi; Robbani, Ridho; Kanasibah, Auvi Diyanati; Wedari, Dinda Tamara
PengabdianMu: Jurnal Ilmiah Pengabdian kepada Masyarakat Vol. 9 No. 5 (2024): PengabdianMu: Jurnal Ilmiah Pengabdian kepada Masyarakat
Publisher : Institute for Research and Community Services Universitas Muhammadiyah Palangkaraya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33084/pengabdianmu.v9i5.6680

Abstract

Pesanggaran Village is an area that is very rich in natural potential. Located in the Pesanggaran sub-district, Banyuwangi Regency, this village has great agriculture, animal husbandry, and fisheries potential. However, in this village, community groups need help with animal husbandry. The main problem in this community group is a need for more understanding of sustainable management and, secondly, a need for more understanding of digital marketing. Using a case study method on the Silugonggo Community group, in this community service, the solution discussed in the paper is management based on sustainable-oriented innovation and online marketing. The results of this community service are that the Silugonggo Community group can increase their insight regarding management based on sustainable-oriented innovation and market their products online, primarily through e-commerce platforms.
Front Matter Volume 34, No.1, December – May 2024 Rusgianto, Sulistya
Jurnal Ekonomi dan Bisnis Airlangga Vol. 34 No. 1 (2024): JURNAL EKONOMI DAN BISNIS AIRLANGGA
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jeba.V34I12024.%p

Abstract

The effect of environmental disclosure on stock return of Islamic and conventional banks Widayanti, Mega Ayu; Rusgianto, Sulistya; Setianingsih, Hesti Eka; Kefeli, Zurina
Jurnal Ekonomi & Keuangan Islam Volume 11 No. 1, January 2025
Publisher : Faculty of Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/JEKI.vol11.iss1.art4

Abstract

Purpose – We examine the effects of environmental, social, and governance (ESG) disclosure and green building policies on the stock returns of Islamic and conventional banks. Methodology – Data were obtained from 17 Islamic banks and 17 conventional banks from eight countries (Arab Saudi Arabia, UAE, Qatar, Kuwait, Malaysia, Indonesia, Pakistan, and Bahrain) over seven years from 2017 to 2023. We conducted panel least squares with fixed effects (dummy variables) for cross-sections using EViews to process the data.Findings – The estimated results show that the green building policy variable is statistically significant to the stock return of Islamic banks, while the environmental, social, and governance variables are not. Meanwhile, the social dimension is statistically significant for the stock returns of conventional banks, but environmental, governance, and green buildings are not. Implications – Investors and policymakers should consider the implementation of ESG and green building policies to contribute on sustainability issues and gain financial return.Originality – This study tests non-financial performance, such as ESG disclosure and green building policy, on the stock returns of Islamic and conventional banks, which has not been extensively studied by the existing literature.
Islamic Banking and Economic Growth: A Case Study in Indonesia Hikmah, Lailatul; Hafizhah, Nur Zakiya; Rusgianto, Sulistya
Jurnal Mediasas: Media Ilmu Syari'ah dan Ahwal Al-Syakhsiyyah Vol. 8 No. 1 (2025): Jurnal Mediasas: Media Ilmu Syariah dan Ahwal Al-Syakhsiyyah
Publisher : Islamic Family Law Department, STAI Syekh Abdur Rauf Aceh Singkil, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58824/mediasas.v8i1.307

Abstract

This research analyzes the influence of total assets, total financing, and total sharia banking deposits on economic growth in Indonesia, as measured by Gross Domestic Product (GDP). Secondary data is used from the first quarter of 2015 to the last quarter of 2023, using the Vector Error Correction Model (VECM) method to identify long-term and short-term relationships between these variables. The research results show that total Islamic banking assets have a positive and significant effect on GDP in the long term, but have a negative effect in the short term. Total financing does not show a significant effect in the short term and even has a negative impact in the long term. On the other hand, total deposits have a significant positive effect on GDP in the long term. These findings highlight the importance of efficiency in asset management and Sharia banking financing as well as the need for policies that support stability and public trust in Sharia banking. The contribution of this research lies in providing empirical evidence regarding the role of Islamic banking in Indonesia's economic growth, especially through the analysis of the long-term and short-term relationship between total assets, total financing, and total deposits to GDP. These findings enrich the literature regarding the effectiveness of sharia banking in the national financial system and provide implications for policies aimed at increasing the efficiency of asset management and sharia financing. In addition, this research provides insight for regulators and banking practitioners in designing strategies that can increase the contribution of Sharia banking to the economy in a sustainable manner. [Penelitian ini menganalisis pengaruh total aset, total pembiayaan, dan total deposito perbankan syariah terhadap pertumbuhan ekonomi di Indonesia, yang diukur melalui Produk Domestik Bruto (PDB). Data sekunder digunakan dari kuartal pertama 2015 hingga kuartal terakhir 2023, dengan menggunakan metode Vector Error Correction Model (VECM) untuk mengidentifikasi hubungan jangka panjang dan jangka pendek antara variabel tersebut. Hasil penelitian menunjukkan bahwa total aset perbankan syariah berpengaruh positif dan signifikan terhadap PDB dalam jangka panjang, namun berpengaruh negatif dalam jangka pendek. Total pembiayaan tidak menunjukkan pengaruh signifikan dalam jangka pendek dan bahkan berdampak negatif dalam jangka panjang. Sebaliknya, total deposito berpengaruh positif signifikan terhadap PDB dalam jangka panjang. Temuan ini menyoroti pentingnya efisiensi dalam pengelolaan aset dan pembiayaan perbankan syariah serta perlunya kebijakan yang mendukung stabilitas dan kepercayaan masyarakat terhadap perbankan syariah. Kontribusi penelitian ini terletak pada penyediaan bukti empiris mengenai peran perbankan syariah dalam pertumbuhan ekonomi Indonesia, khususnya melalui analisis hubungan jangka panjang dan jangka pendek antara total aset, total pembiayaan, dan total deposito terhadap PDB. Temuan ini memperkaya literatur terkait efektivitas perbankan syariah dalam sistem keuangan nasional serta memberikan implikasi bagi kebijakan yang bertujuan meningkatkan efisiensi pengelolaan aset dan pembiayaan syariah. Selain itu, penelitian ini memberikan wawasan bagi regulator dan praktisi perbankan dalam merancang strategi yang dapat meningkatkan kontribusi perbankan syariah terhadap perekonomian secara berkelanjutan].
Comparative Analysis of Indonesia and Malaysia Budget Policies in Handling the Covid-19 Pandemic from Maqâshid al-Syarî`Ah Perspective Purnomo, Joko Hadi; Rusgianto, Sulistya; Hidayati, Niswatin Nurul
Madania: Jurnal Kajian Keislaman Vol 25, No 2 (2021): DECEMBER
Publisher : Universitas Islam Negeri (UIN) Fatmawati Sukarno Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29300/madania.v25i2.5055

Abstract

This research aimed to analyze state spending for handling Covid-19 from the perspective of maqâshid al-syarî`ah (sharia objective). The analysis was carried out by mapping the Covid-19 budget in five dimensions of maqâshid al-syarî`ah, including hifdz al-dîn (protection of religion), hifdz al-nafs (protection of the soul), hifdz al-‘aql (protection of thinking), hifdz al-nasl (protection of offspring/family), and hifdz al-mâl ((protection of property). The mapping results were compared with the budget for each dimension of maqâshid al-syarî`ah and the total budget for Covid-19; and finally compared to the total of state budget; as well as total debt. This research used a descriptive quantitative approach. The object of research was ASEAN member countries with the criteria of having more than 50% Muslim population, and their state budget data was available on the official website of the Ministry of Finance which can be accessed via the internet. The results of the research, in Indonesia and Malaysia, allocated funds for handling Covid-19 for the fulfillment of hifdz al-nafs, hifdz al-mâl, but not for the fulfillment of hifdz al-nafs funds. In Indonesia, there was no budget allocation for hifdz al-dîn, hifdz al-‘aql, and hifdz al-nafs. Malaysia has allocated Covid-19 handling funds for hifdz al-dîn and hifdz al ‘aql. Penelitian ini bertujuan untuk menganalisis belanja negara untuk penanganan Covid-19 dari perspektif maqâshid al-syarî`ah. Analisis dilakukan dengan memetakan anggaran Covid-19 dalam lima dimensi maqâshid alsyarî`ah, antara lain hifdz al-dîn, hifdz al-nafs, hifdz al-‘aql, hifdz al-nasl, dan hifdz al-mâl. Hasil pemetaan tersebut dibandingkan dengan anggaran untuk masing-masing dimensi maqâshid al-syarî`ah dan total anggaran untuk Covid-19; dan terakhir dibandingkan dengan total APBN; serta total hutang. Penelitian ini menggunakan pendekatan kuantitatif deskriptif. Objek penelitian adalah negara-negara anggota ASEAN dengan kriteria berpenduduk muslim lebih dari 50%, dan data APBN-nya tersedia di situs resmi Kementerian Keuangan yang dapat diakses melalui internet. Hasil penelitian menunjukkan bahwa di Indonesia dan Malaysia, alokasi dana penanganan Covid-19 untuk pemenuhan hifzh al-nafs, hifzh al-mâl, namun tidak untuk pemenuhan dana hifdz al-nafs. Di Indonesia, tidak ada alokasi anggaran untuk hifdz al-dîn, hifdz al-‘aql, dan hifdz al-nafs. Malaysia telah mengalokasikan dana penanganan Covid-19 untuk hifdz al-dîn dan hifdz al-‘aql
Front Matter Volume 35, No. 1, December-May 2025 Rusgianto, Sulistya
Jurnal Ekonomi dan Bisnis Airlangga Vol. 35 No. 1 (2025): JURNAL EKONOMI DAN BISNIS AIRLANGGA
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Airlangga

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

Abstract

Unlocking Amil performance: Leadership, knowledge management capability, and organizational culture Asya’bani, Nispia; Rusgianto, Sulistya; Ratnasari, Ririn Tri; Ryandono, Muhammad Nafik Hadi; Susanto, Arva Athallah
Asian Journal of Islamic Management (AJIM) VOLUME 7 ISSUE 1, 2025
Publisher : Faculty of Business & Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/AJIM.vol7.iss1.art8

Abstract

Purpose – This study examines the impact of Islamic leadership style and Knowledge Management Capability (KMC) on improving amil performance in Indonesia, with organizational culture serving as a mediating variable. In addition, this study identified potential future research directions in this field.Methodology – This research employs a quantitative approach utilizing Structural Equation Model (SEM) analysis with Smart-PLS 4 software. The sample was selected through purposive sampling, targeting 130 amils in Indonesia. Findings – The findings reveal that both Islamic leadership and Knowledge Management Capability (KMC) have a significant positive influence on amil performance, both directly and through the mediating role of organizational culture. Furthermore, Islamic leadership directly enhances knowledge-management capabilities. Implications – This study provides valuable insights into the application of knowledge management practices and the role of Islamic leadership in enhancing the performance of amil zakat (zakat institutions). This study's implications highlight the need for greater focus on improving amil performance to maximize the efficiency of zakat collection and management.Originality – To the best of our knowledge, this analysis represents actionable recommendations for improving the efficiency of zakat collection and distribution through enhanced amil performance with the combination of KMC and organizational culture, which has rarely been studied in zakat institutions.
Islamic Bank Financing, Green Sukuk, and the Jakarta Islamic Index: An ARDL Analysis of Indonesia’s Real Sector Hidayat, Rahmad; Jazilinni’am, Naili; Rusgianto, Sulistya; Ratnasari, Ririn Tri; Ryandono, Muhammad Nafik Hadi
Jurnal REKSA: Rekayasa Keuangan, Syariah dan Audit Vol. 12 No. 2 (2025)
Publisher : Universitas Ahmad Dahlan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.12928/jreksa.v12i2.13994

Abstract

This study examines the effects of Islamic Bank Financing (IBF), Green Sukuk (GS), the Jakarta Islamic Index (JII), inflation (CPI), exchange rate fluctuations (EXR), and money supply (M2) on Indonesia’s real sector using the Autoregressive Distributed Lag (ARDL) approach. The findings reveal that IBF stimulates the real sector in the short run, but structural challenges and limited market penetration constrain its long-term influence. Conversely, GS exerts a significant positive impact over the long term, underscoring the importance of sustainable investments in enhancing productive capacity and generating employment. Although JII shows no significant short-term effect, it contributes meaningfully in the long run. CPI consistently exerts a negative influence on the real sector in both horizons, while exchange rate appreciation and M2 growth support economic activity. These results highlight the need for coordinated policy measures to foster inclusive, stable, and sustainable development in Indonesia’s real economy.