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Analisis Minat Investor Milenial Berinvestasi Pada Securities Crowfunding Syariah (Studi Kasus Galery investasi di kota Medan) Aninda Mahfadillah; Andri Soemitra; Muhammad Ikhsan Harahap
Jurnal Ekonomi, Manajemen Pariwisata dan Perhotelan Vol. 2 No. 3 (2023): September : Jurnal Ekonomi, Manajemen Pariwisata Dan Perhotelan
Publisher : Lembaga Pengembangan Kinerja Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jempper.v2i3.2107

Abstract

This research was conducted with the aim of knowing the effect of investment knowledge, motivation and risk variables on the millennial generation's interest in investing in Securities Crowdfunding Sharia Gallery investment. Research using a quantitative approach. The technique of data collection was carried out using purposive sampling, and the sample used was 88 respondents. Data collection was carried out using a questionnaire with a Likert scale. The method used in this research analysis is a linear regression analysis method. The results of the Knowledge t test research (X1) show that partially knowledge influences the millennial generation's interest in investing in Sharia Securities Crowdfunding. Motivation (X2) that partially motivation influences the millennial generation's interest in investing in Sharia Securities Crowdfunding. Risk (X3) that partially does not affect the millennial generation's interest in investing in Sharia Securities Crowdfunding. The results of the f test show that simultaneously knowledge, motivation and risk affect the millennial generation's interest in investing in Sharia Securities Crowdfunding.
SHARIA BANKING PERFORMANCE INFLUENCED BY MONETARY POLICY Muhammad Salman; Andri Soemitra; Rifki Ismal
International Journal of Educational Review, Law And Social Sciences (IJERLAS) Vol. 3 No. 1 (2023): January
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/ijerlas.v3i1.606

Abstract

This article investigates in the literature the influence between Islamic banking performance and monetary policy. With the literature search method using Mendeley Desktop software. The results show that from the various literatures that examine monetary policy and Islamic banking performance, not much has been found that examines and links monetary policy to Islamic banking performance. The search results show that this research still has the potential to be re-examined empirically using both quantitative and qualitative methods, using both primary and secondary data.
Peer to Peer Lending , E-Money, and Crowdfunding Economic Perspective Sharia Novita Sari Pulungan; Andri Soemitra; Rukiah Lubis
Manajemen Kreatif Jurnal Vol. 1 No. 1 (2023): Februari: Manajemen Kreatif Jurnal
Publisher : Pusat Riset dan Inovasi Nasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/makreju.v1i1.924

Abstract

The development of information technology has penetrated all financial sectors, including sharia financial technology. The concept of Sharia Fintech Innovation must be guided by the Qur'an and Sunnah. By the Fatwa of the National Sharia Council-Indonesian Ulema Council (DSN-MUI). Of the many startups registered with the OJK and BI, only a small number operate according to sharia principles. The lack of literacy related to sharia fintech innovation is the reason why conventional fintech products and services are more attractive to the public. This study aims to explain the concept of fintech products and services in sharia principles and is limited to three products, namely Peer to Peer Lending, E-Money, and Crowdfunding. The method used in this research is literature study, by taking various references and literature related to research. The results of the study explain that 1) Sharia principles related to peer-to-peer lending, e-money, and crowdfunding are by the Fatwa of the National Sharia Council-Indonesian Ulema Council, namely that one must avoid Riba, Gharar, Maysir , Tazlis, Ishraf and transactions of illicit goods. 2) The contracts used for peer-to-peer lending are in line with the characteristics of financing services such as al-bai', ijarah, mudharabah, musyarakah, wakalah bi al ujrah, and qardh. Whereas e-money uses two contracts, namely the contract between the Issuer and the Holder using a wadiah contract and the contract between publishers and traders using a wakalah contract.
Pengaruh Pendapatan Asli Daerah, Dana Alokasi Umum, Dana Alokasi Khusus dan Dana Bagi Hasil terhadap Belanja Modal: Studi Kasus Badan Pengelola Keuangan dan Aset Daerah Provinsi Aceh Wahyu Haji Muharram; Andri Soemitra; Nurwani Nurwani
Jurnal Nuansa : Publikasi Ilmu Manajemen dan Ekonomi Syariah Vol. 3 No. 4 (2025): Desember: Jurnal Nuansa : Publikasi Ilmu Manajemen dan Ekonomi Syariah
Publisher : Asosiasi Riset Ilmu Manajemen Kewirausahaan dan Bisnis Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/nuansa.v3i4.2311

Abstract

This research is motivated by several factors such as locally generated revenue, general allocation funds, special allocation funds, revenue-sharing funds, and capital expenditure. Some of the problems identified in this study include the realization of locally generated revenue that has never reached the budget target over four consecutive years, a percentage decrease in locally generated revenue while capital expenditure remains constant, and the absence of certain special allocation funds, which may affect capital expenditure. The purpose of this study is to determine the effect of locally generated revenue, general allocation funds, special allocation funds, and revenue-sharing funds on capital expenditure. This research employs a descriptive quantitative method using data samples obtained from the Regional Financial and Asset Management Agency of Aceh Province in the form of Budget Realization Reports for the period 2019–2022. The data analysis technique used is linear regression. The results show that, based on the simultaneous test (F-test), locally generated revenue, general allocation funds, special allocation funds, and revenue-sharing funds have a positive and significant effect on capital expenditure. Meanwhile, based on the partial test (t-test), each of these variables—locally generated revenue, general allocation funds, special allocation funds, and revenue-sharing funds—also has a positive and significant effect on capital expenditure.
Menavigasi Pasar Modal Syariah: Pengaruh Komoditas, Makroekonomi, dan Mata Uang Kripto dalam Kerangka Keuangan Islam di Indonesia Didik Gunawan; Andri Soemitra; Isnaini Harahap
JURNAL ILMIAH GEMA PERENCANA Vol 4 No 2 (2025): Jurnal Ilmiah Gema Perencana
Publisher : POKJANAS Bekerja Sama Biro Perencanaan dan Penganggaran, Sekretariat Jenderal Kementerian Agama RI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61860/jigp.v4i2.253

Abstract

This study examines the dynamic interaction of commodity prices (crude oil, gold, coal), macroeconomic indicators (exchange rates, inflation, interest rates), and cryptocurrencies (Bitcoin, Ethereum) on the Indonesian Islamic stock market, using the Jakarta Sharia Index (JII) as a benchmark. The research method employed a quantitative approach, with a Vector Error Correction Model (VECM) model with weekly data from 2018 to 2024. This study found that crude oil and coal prices have a positive effect on the JII in the short term, while gold acts as a safe haven asset with a negative correlation. Exchange rate depreciation and inflation negatively impact the JII, and interest rates have an indirect effect. Cryptocurrencies exhibit a weak correlation, offer diversification potential but raise Sharia compliance concerns due to speculative risks. These findings contribute to the understanding of the impact of global markets on Islamic investment and provide information to policymakers and investors in aligning strategies with the principles of maqasid Sharia.
Effectiveness of Fintech-Based Sharia Cooperative Development in the New Normal Era : Interpretative Structural Model Approach Elida Elfi Barus; M.Yasir Nasution; Andri Soemitra
International Journal of Science, Technology & Management Vol. 2 No. 1 (2021): January 2021
Publisher : Publisher Cv. Inara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46729/ijstm.v2i1.164

Abstract

In the Covid Pandemic 19, sharia cooperatives must be a solution for the welfare of their members and the UMKM that they support so that they can move up in class, but how if it is difficult to access, therefore sharia cooperatives must be digital-based and include collaborating with fintech. This study tries to answer the problems that occur, strategies, and stakeholders involved in the development of Islamic cooperatives in collaboration with sharia fintech in Indonesia using the Interpretive Structural Model (ISM) approach. The core problem faced in developing sharia cooperatives in collaboration with sharia fintech is the lack of education and promotion of Islamic financial institutions collaboration, especially in sharia cooperatives with sharia fintech (E9), which initially became competitors to financial institutions because they were very flexible and fast and have become OJK's instructions that fintech must collaborate with financial institutions including sharia ones. Furthermore, it can be suggested for legislators, actors and drafter to constantly monitor and improve the process in the context of the progress and welfare of cooperatives and SMEs in Indonesia.
SYSTEMATIC LITERATURE REVIEW DENGAN METODE PRISMA: DAMPAK LITERASI KEUANGAN SYARIAH TERHADAP KEPUTUSAN MENGGUNAKAN PRODUK PERBANKAN SYARIAH Mira Chairani; Nurma Sari; Andri Soemitra; M. Shabri Abd. Majid
JIM: Jurnal Ilmiah Mahasiswa Vol 7, No 2 (2025): Oktober 2025
Publisher : Fakultas Ekonomi dan Bisnis Islam IAIN Langsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32505/jim.v7i2.13377

Abstract

The purpose of this systematic literature review is to determine the methods used to analyze the role of Islamic financial literacy in the decision to use Islamic banking products, how Islamic financial literacy plays a role in the decision to use Islamic banking products, and other factors that interact with Islamic financial literacy in shaping the decision to use Islamic banking products. This study uses a Systematic Literature Review (SLR) with the PRISMA method, assisted by tools such as Watase Uake and Prisma 2020 Flow Diagram. This study is limited to journal articles indexed by Scopus and published between 2020 and 2025. Based on 137 articles reviewed through the SLR process, five articles met the criteria and were used as primary references. The research method for analyzing the dominant data is quantitative (4 articles), and there are a number of other factors that interact with Islamic financial literacy in shaping the decision to use Islamic banking products, including: level of religiosity, trust in Islamic financial institutions, skepticism, digital marketing, digital literacy, brand image and word of mouth promotion.
SAFEGUARDING FINANCIAL STABILITY, PROMOTING TRADE: THE ROLE OF THE INDONESIA DEPOSIT INSURANCE CORPORATION IN INDONESIA’S EXPORT–IMPORT PERFORMANCE Syilvana Dwi Novianti; Andri Soemitra; Anggi Pratiwi Sitorus
Journal of Development Economics and Digitalization, Tourism Economics Vol. 3 No. 1 (2026): Januari
Publisher : Yayasan Nuraini Ibrahim Mandiri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70248/jdedte.v3i1.3409

Abstract

This study examines the role of the Indonesia Deposit Insurance Corporation in safeguarding financial stability and its implications for Indonesia’s export–import performance. While deposit insurance schemes are primarily designed to maintain confidence in the banking system, their broader macroeconomic effects particularly on international trade remain underexplored. This research addresses this gap by analyzing the transmission mechanism from deposit insurance policy to trade performance through financial stability channels. Using a Structural Vector Autoregression (SVAR) framework, the study employs five key variables: the guaranteed interest rate set by the deposit insurance authority as a proxy for deposit insurance policy, the non-performing loan ratio as an indicator of banking sector stability, the policy interest rate, the exchange rate, and export performance. Quarterly time-series data for Indonesia are utilized to capture dynamic interactions and structural shocks among policy, financial, and real-sector variables.The impulse response analysis reveals that shocks to deposit insurance policy contribute to improvements in banking stability, reflected in lower non-performing loan ratios, which subsequently support export performance over the medium term. These findings suggest that deposit insurance institutions play a broader macroeconomic role beyond financial safety nets, indirectly fostering trade performance by enhancing financial system resilience. The study provides important policy insights by highlighting the strategic contribution of deposit insurance to financial stability and international trade, reinforcing the need for coordinated financial and trade policies in emerging economies.    
STUDI KOMPARATIF RISIKO SISTEMIK ANTARA BANK SYARIAH DAN BANK KONVENSIONAL DI INDONESIA: PENDEKATAN TAFSIR TEMATIK TERHADAP SURAH AL-BAQARAH Oktavera Rizki; Azhari Akmal Tarigan; Mustapa Khamal Rokan; Andri Soemitra; Yusrizal
At-Tanmiyah Jurnal Ekonomi dan Bisnis Islam Vol 4 No 2 (2025): Desember, At-Tanmiyah: Jurnal Ekonomi dan Binis Islam
Publisher : Sekolah Tinggi Ekonomi dan Bisnis Islam (STEBIS) Al-Ulum

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.65778/atjebi.v4i2.89

Abstract

This study aims to compare systemic risk between Islamic banks and conventional banks in Indonesia by employing a thematic exegesis approach (tafsīr al-mawḍū‘ī) to selected Qur’anic verses in Surah Al-Baqarah, specifically verses 30, 219, 220, 245, 275, 276, and 282. These verses address fundamental themes related to finance, justice, debt relationships, usury (ribā), charitable giving (ṣadaqah), and equitable wealth distribution within the framework of Islamic economic principles. By integrating qualitative analysis drawn from classical and contemporary Qur’anic exegesis—including Tafsīr al-Ṭabarī, Ibn Kathīr, and Tafsīr al-Māwardī—with insights from modern economic literature, this study highlights the fundamental distinctions between Sharī‘ah-based financial principles and conventional banking practices in relation to financial system stability. The findings indicate that the Islamic financial system embodies inherent mechanisms capable of mitigating systemic risk, notably through the prohibition of ribā, the implementation of profit-and-loss sharing arrangements, and the moral obligation to uphold charitable redistribution and social justice. In contrast, interest-based conventional financial systems tend to exacerbate economic inequality and amplify vulnerability to financial crises. These findings reinforce the contemporary relevance of Qur’anic values in informing financial stability policies within modern economic systems.