Article Per Year (5 Year)
p-Index From 2021 - 2026
0.444
P-Index
This Author published in this journals
All Journal Journal of Islamic Monetary Economics and Finance Jurnal Manajemen dan Usahawan Indonesia Jurnal Ragam Pengabdian
Husodo, Zaafri A.
Unknown Affiliation
Humanities Economics, Econometrics & Finance Environmental Science Social Sciences Other

Published : 3 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 3 Documents
Search

 1 
Kapasitas Keuangan dan Kesadaran Atas Produk Keuangan:Survei Rumah Tangga Berpenghasilan Rendah di Jabodetabek dan Surakarta, Indonesia Danarsari, Dwi Nastiti; Viverita, Viverita; Husodo, Zaäfri A.
Jurnal Manajemen dan Usahawan Indonesia Vol. 44, No. 1
Publisher : UI Scholars Hub

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

Abstract

This study aims to examine the relationship between financial capacity and awareness on financial product for low-income households in Jabodetabek and Surakarta by conducting survey on 1,520 household respondents. The survey results show that saving account and credit for vehicle owner- ship are the two most popular financial products known by the respondents. In addition, the cross- tabulation and chi-square analysis find that Jabodetabek’s respondents, who ever have and are using financial product, mostly have stronger financial capacity. On the other hand, respondents who never have and are not using financial product are those who have weaker financial condition. Moreover, respondents in both regions, who never own and are not having credit for vehicle ownership, mostly have relatively weaker financial capacity. The results indicate that financial capacity is associated with awareness on financial product.
HOW FEASIBLE IS A CONVERTIBLE IJARAH CONTRACT FOR SME FINANCING?: A SIMULATION APPROACH Dalimunthe, Zuliani; Syakhroza, Akhmad; Nasution, Mustafa E.; Husodo, Zaafri A.
Journal of Islamic Monetary Economics and Finance Vol 5 No 2 (2019)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (401.213 KB) | DOI: 10.21098/jimf.v5i2.1070

Abstract

Islamic financial institutions have relied for decades on margin-based contracts to provide financing for the business sector, despite the basic idea that Islamic finance is expected to provide an equity-based or a profit and loss sharing (PLS) contract. This fact raises the need to encourage the use of a margin-based instrument with an innovative scheme that allows for conversion of the contract into a PLS-based contract. Moreover, we propose a convertible ijarah contract to fill this need. A convertible ijarah contract is an ijarah (rent) contract that is convertible to a PLS contract according to the Islamic financier’s decision. In this study, we simulate three scenarios of project financing with (a) murabaha as a margin-based contract, (b) musharaka as a PLS contract and (c) a convertible ijarah contract. The aim is to evaluate whether the convertible ijarah contract will provide a higher return for the financier compared to the other contracts. The main input of the simulation is nine sectors of Indonesian SMEs’ financial performance. We found that when the financial performance of Indonesian SMEs was measured by short-term financial performance, the convertible ijarah contract outperformed the murabaha contract for all sectors but did not outperform the musharaka contract, except for low-margin sectors. However, when the financial performance of Indonesians SMEs was measured by long-term economic performance, we found that the convertible ijarah contract outperformed the murabaha contract and musharaka contract for almost all sectors. Kami menemukan bahwa kontrak ijarah konversi mengungguli kontrak murabahah dan
U.S. Qt Drained Liquidity, Causing Crypto Crashes, World Stock Dips, Emerging Market Stress Kurniawan, Geraldo; Husodo, Zaafri A.
Jurnal Ragam Pengabdian Vol. 3 No. 2 (2026): Mei-Agustus, Sustainable Development Goals (SDGs): Multidisciplinary Perspectiv
Publisher : Lembaga Teewan Journal Solutions

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62710/c1w72532

Abstract

This research examines the relationship between ESG and NON-ESG Cryptocurrencies, stocks, and gold within the context of U.S. Federal Reserve implemented quantitative easing to support economy, increasing liquidity and asset prices. In addition, The study investigates whether cryptocurrencies can function as safe-haven assets like gold during periods of monetary tightening. Using the DCC-GARCH model, the research analyzes the correlation between major cryptocurrencies, gold, and stock market ETFs across different phases of QE and QT. The findings aim to provide insights into investment strategies and alternative asset protection under monetary stress. Our results show that ESG and non‐ESG tokens share similar volatility and correlation behaviors during quantitative tightening which undermining any distinct safe‐haven edge for ESG coins. While gold consistently exhibits lower volatility and a more stable negative correlation with equities, and all asset correlations rise in QT, eroding the diversification benefits of cryptocurrencies and underscoring gold’s superior role as a refuge in tightening environments.
Co-Authors Akhmad Syakhroza Aldri Frinaldi Dalimunthe, Zuliani Kurniawan, Geraldo Nasution, Mustafa E. Viverita Viverita