Articles
<![CDATA[Analisis Return dan Kalender Anomali: Studi Komparatif Antara Saham Syariah dan Konvensional Di Indonesia ]]>
<![CDATA[Majid, M. Shabri Abd.]]>;
<![CDATA[Windaswari, Cut]]>
<![CDATA[ HUMAN FALAH: Jurnal Ekonomi dan Bisnis Islam Human Falah: Jurnal Ekonomi dan Bisnis Islam | Vol. 2 | No.1 | 2015 ]]>
Publisher : <![CDATA[Fakultas Ekonomi dan Bisnis Islam Universitas Islam Negeri Sumatera Utara ]]>
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<![CDATA[This research aims at empirically examiing the differences between conventional and Islamic stock returns. It also attempted to test the differences between the average return of 30-day before Eid and 30-day after Eid, and the effects of weekend, January and Ramadan on the rate of closing daily stock returns of the Jakarta Islamic Index and Index of LQ-45 in the Indonesian Stock market during the period December 1, 2009 to January 30, 2014. The method of analysis used to test the differences between the conventional and Islamic stock returns is the Independent sample t-test, while the dependent sample t-test is used to test the differences between the average return of 30-day before Eid and 30-day after Eid. Finally, to empirically examine the influence of the effects of the weekend, the January effect, and the Ramadan effect on the stock returns, the study used the Ordinary Least Square regression. The study documented that that there was no difference between the returns of Islamic and conventional stocks in Indonesia. The study also found that there was no difference between the average return of 30-day before Eid Fitri and 30-day after Eid. Finally, the study also found that there was an absence of the phenomenon of the weekend effect, January effect and the effect of Ramadan during the study period both in the Islamic and conventional stocks in Indonesia.]]>
<![CDATA[Determination of Return on Assets of the Foreign Exchange Banks in Indonesia ]]>
<![CDATA[Syamni, Ghazali]]>;
<![CDATA[Rasyimah, Rasyimah]]>;
<![CDATA[Ratnasari, Desy]]>;
<![CDATA[Abd. Majid, M. Shabri]]>
<![CDATA[ Binus Business Review Vol 9, No 3 (2018): Binus Business Review ]]>
Publisher : <![CDATA[Bina Nusantara University ]]>
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DOI: 10.21512/bbr.v9i3.4872
<![CDATA[The purpose of this research was to examine the determinants of Return on Assets (ROA) on the foreign exchange banks in Indonesia. The data used were the financial ratios of 27 foreign exchange banks in Indonesia in 2012-2016. The data were gathered from the published financial statements of the Indonesian foreign exchange banks. This research employed a Common Effect Model (CEM) as the most suitable panel regression model to analyze the data using the E-views statistical software. The findings indicate that from 2012 to 2016, the profitability of the exchange banks is largely determined by the Capital Adequacy Ratio (CAR), Loan to Deposit Ratio (LDR), Operating Efficiency Ratio (OER), and total debt. The findings also imply that apart from maximizing profit, it is important for the banks to abide by the regulations issued by the central bank or the Financial Services Authority in performing the banking operations. Negligence to observe the level of prudential and risk management will not only lead to profit loss, but it will also cause the failure of the banks.]]>
<![CDATA[A Comparative Analysis of Resilience of Islamic and Conventional Banks in Indonesia ]]>
<![CDATA[Ulina, Sri]]>;
<![CDATA[Majid, M. Shabri Abd.]]>
<![CDATA[ Muqtasid: Jurnal Ekonomi dan Perbankan Syariah Vol 11, No 2 (2020): MUQTASID: Jurnal Ekonomi dan Perbankan Syariah ]]>
Publisher : <![CDATA[IAIN Salatiga ]]>
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DOI: 10.18326/muqtasid.v11i2.88-103
<![CDATA[The presence of the 2008 Global Financial Crisis (GFC) has adversely impacted both conventional and Islamic banking performances. This study aims to empirically compare the ï¬nancial performances between Islamic banks and conventional banks during the pre- and post-2008 GFC periods. It also attempts to compare the ï¬nancial performance of each Islamic and conventional bank between the pre- and post-2008 GFC periods. Three state-owned banks from each conventional and Islamic banking category were selected as the study sample using the purposive sampling technique. Based on the independent sample t-test, the study found a signiï¬cant difference between the Islamic and conventional banking performances during the pre- and post-2008 GFC periods. Meanwhile, based on the paired t-test, the decline in Islamic banking performance from the pre-2008 GFC to the post-2008 GFC periods was signiï¬cantly smaller than their conventional banking counterparts. These ï¬ndings show the Islamic banks' superiority over their conventional banking counterparts due to fair and just practices based on Islamic tenets. Due to theirreliance in facing the episodes of crises, the Islamic banks deserve a strong support by government by enhancing prudent Islamic banking regulation. The Islamic banks should strive to operate fully based on the shari'ah principles and prudent banking management.]]>
<![CDATA[Economic Stability in Islamic View : Approach to Controlling Inflation ]]>
<![CDATA[Anggara, Windu]]>;
<![CDATA[Shawab, Nabil]]>;
<![CDATA[Abd. Majid, M. Shabri]]>;
<![CDATA[Harahap, Isnaini]]>
<![CDATA[ International Journal of Science, Technology & Management Vol. 4 No. 5 (2023): September 2023 ]]>
Publisher : <![CDATA[Publisher Cv. Inara ]]>
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DOI: 10.46729/ijstm.v4i5.914
<![CDATA[Economic stability is the main goal in the Islamic view, in which economic concepts based on ethical values ??and social justice are prioritized. One of the problems faced in achieving economic stability is inflation which can cause imbalance and instability in the economy. Therefore, this paper discusses the approach put forward from an Islamic perspective to control inflation and achieve sustainable economic stability, through: 1) implementation of a sharia-based monetary system, which prohibits usury (interest) and excessive speculation, 2) currency management, 3) equity in income distribution, 4) encouraging investment in the productive sector and economic infrastructure, and 5) economic supervision and regulation. The narrative of this research is told in accordance with the requirements of the formulation being addressed. It is a descriptive qualitative study with a literature study technique. The findings of this study demonstrate that, from an Islamic perspective, attempts to maintain economic stability and manage inflation are not just commercial endeavors but also an essential component of worship for achieving social welfare and justice. By implementing these approaches, it is hoped that the economy in the Islamic view can achieve sustainable stability and provide long-term benefits for society as a whole.]]>
<![CDATA[The Role of Zakat in the Economy and Poverty Alleviation ]]>
<![CDATA[Siregar, Hilyati Inayah]]>;
<![CDATA[Chudriana Putri, Rafika]]>;
<![CDATA[Shabri Abd. Majid, M.]]>;
<![CDATA[Harahap, Isnaini]]>
<![CDATA[ International Journal of Science, Technology & Management Vol. 4 No. 5 (2023): September 2023 ]]>
Publisher : <![CDATA[Publisher Cv. Inara ]]>
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DOI: 10.46729/ijstm.v4i5.919
<![CDATA[The main task of every government is to strive for the welfare of its entire population. According to data from the Indonesian Zakat Outlook, Indonesia has 600 networks of Zakat Management Organizations (OPZ) spread across the entire territory of the Republic of Indonesia. These networks are part of 34 National Zakat Management Bodies (BAZNAS) at the provincial level, 500 BAZNAS at the district and city levels, 24 Provincial Zakat Amil Institutions (LAZ), 14 LAZ at the provincial level, 32 LAZ at the district and city levels, and 136 Zakat Collection Units (UPZ). The research method used in this study is descriptive qualitative research, where the researcher describes the findings of the study. The research objects include relevant books and journals. The study reveals that BAZNAS and other zakat managers achieved a 1.76% poverty reduction rate in 2022.]]>
<![CDATA[Impact of Disaster on Economic Performance of ASEAN-9: Does Philanthropy Help? ]]>
<![CDATA[Azhar, Thifal]]>;
<![CDATA[Majid, M. Shabri Abd.]]>;
<![CDATA[Sartiyah, Sartiyah]]>;
<![CDATA[Dawood, Taufiq C]]>
<![CDATA[ Jurnal Ekonomi & Studi Pembangunan Vol 23, No 1: April 2022 ]]>
Publisher : <![CDATA[Universitas Muhammadiyah Yogyakarta ]]>
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DOI: 10.18196/jesp.v23i1.12593
<![CDATA[This study aims to determine the moderating role of religious philanthropy in reducing the impacts of disasters to economic problems, namely inequality, poverty, and economic growth of ASEAN-9 over the period from 2000 to 2020. By using a panel moderated regression analysis, the study found that disasters significantly contributed to higher levels of economic growth, income disparity, and poverty. In addition, philanthropy is found to have a negative moderating role in the effects of disasters on economic growth, inequality, and poverty. The findings showed an effective role of philanthropy in reducing the impacts of disasters on economic growth, income disparity, and poverty in ASEAN-9. Our findings provide an important benchmark for the formulation of government policies to mitigate disaster risks on economic problems through the enhancement of religious philanthropic institutions.]]>
<![CDATA[The Role Of Imports In Development According To Islamic And Conventional Macroeconomic Perspectives ]]>
<![CDATA[Hartin Nst, Venny Fraya]]>;
<![CDATA[Abd. Majid, M. Shabri]]>;
<![CDATA[Harahap, Isnaini]]>
<![CDATA[ Moneter: Jurnal Keuangan dan Perbankan Vol. 12 No. 1 (2024): APRIL ]]>
Publisher : <![CDATA[Universitas Ibn Khladun Bogor ]]>
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DOI: 10.32832/moneter.v12i1.746
<![CDATA[Indonesia as a developing country is expected to always make developments by carrying out development in all fields to achieve a prosperous country. However, because the source of financing for national development is not small, apart from foreign exchange reserves, the source of financing and funding for a country's national development is foreign debt that the country borrows from other countries. Aspects of international trade, especially in the field of export-import, which will be the topic of discussion in this scientific research, this research methodology as a whole is a type of descriptive-analytical research with qualitative research. Research results as follows 1) The role of imports in Islamic macroeconomic development is very important because Indonesia's imports which include oil and gas imports and non-oil and gas imports all come from the world's earth, especially oil and gas imports must be limited to domestic needs that are needed by the community, especially fuel; 2) The role of imports in conventional macroeconomic development is also quite important in the life needs of Indonesian society; 3) The government as the policy maker of Indonesian Imports, must see and supervise Indonesian imports by issuing new policies on Indonesian Imports so that government and private companies do not monopolize in importing goods into Indonesia.]]>
<![CDATA[Foreign Investment, Domestic Savings, and Exchange Rates as Drivers of Per Capita Income and Financial Sector Development in OIC Countries ]]>
<![CDATA[Garini, Fitri Ardiya]]>;
<![CDATA[Majid, M. Shabri Abd.]]>;
<![CDATA[Suriani, Suriani]]>
<![CDATA[ Grimsa Journal of Business and Economics Studies Vol. 2 No. 1 (2025): January 2025 ]]>
Publisher : <![CDATA[Graha Primera Saintifika ]]>
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DOI: 10.61975/gjbes.v2i1.42
<![CDATA[This study examines the roles of foreign investment, financial sector development, domestic savings, and exchange rates on per capita income in 25 Organization of Islamic Cooperation (OIC) countries. A panel data regression model is applied to annual data from 2010 to 2022. The results indicate that foreign investment and domestic savings positively influence financial sector development, while the exchange rate has no significant effect. Additionally, both foreign investment and savings positively impact economic growth, whereas the exchange rate and financial sector have a negative effect. Based on these findings, it is recommended that the governments of the OIC-25 countries enhance the attractiveness of foreign investment through policies that foster a conducive investment climate and increase awareness and incentives for domestic savings. This approach would strengthen the financial sector and boost per capita income growth. The study suggests that while foreign investment and domestic savings can drive financial sector development and economic growth, exchange rate fluctuations and inefficient financial sector management can hinder increases in per capita income.]]>
<![CDATA[The Role of Employment Opportunities in Mediating the Impact of Human Capital and Wages on Provincial Poverty in Indonesia ]]>
<![CDATA[Mulyadi, Aka]]>;
<![CDATA[Majid, M. Shabri Abd.]]>;
<![CDATA[Suriani, Suriani]]>
<![CDATA[ International Journal of Business, Economics & Financial Studies Vol. 2 No. 2 (2024): November 2024 ]]>
Publisher : <![CDATA[Indonesia Academia Research Society ]]>
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DOI: 10.62157/ijbefs.v2i2.33
<![CDATA[This study aims to examine the role of employment opportunities in mediating the effects of human capital and wages on poverty across provinces in Indonesia. This study uses secondary annual data from 34 provinces spanning 2015 to 2022 (panel data). The study employs panel data regression analysis for model estimation, with path analysis and the Sobel test used to assess the mediating role. The findings indicate that human capital has a significant negative direct and indirect impact on poverty through employment opportunities. In contrast, wages do not directly affect poverty but have a significant indirect effect through employment opportunities. Employment opportunities negatively influence poverty and act as a partial mediator between human capital and poverty and a complete mediator in the relationship between wages and poverty. Based on these results, it is recommended that policies aimed at enhancing human capital and increasing employment opportunities be implemented concurrently to reduce short- and long-term poverty. Additionally, it is advised that the government prioritize increasing the minimum wage to strengthen the impact of employment opportunities in alleviating poverty over time. Policies that simultaneously target improvements in human capital, employment opportunities, and minimum wages are crucial for significantly reducing poverty across Indonesia's 34 provinces.]]>
<![CDATA[Realisasi Maqashid Syariah pada Lembaga Filantropi Islam (Pengentasan Kemiskinan melalui BUMMas: Asset Based Community Development Approach) ]]>
<![CDATA[Kusmilawaty, Kusmilawaty]]>;
<![CDATA[Majid, M Shabri Abd]]>;
<![CDATA[Harahap, Isnaini]]>
<![CDATA[ Jurnal Ilmiah Ekonomi Islam Vol 10, No 3 (2024): JIEI : Vol.10, No.3, 2024 ]]>
Publisher : <![CDATA[ITB AAS INDONESIA Surakarta ]]>
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DOI: 10.29040/jiei.v10i3.15022
<![CDATA[The article aims to know how the mechanism of BUMMas establishments as poverty alleviation efforts with Asset Based Community Development Approach for the realitation of maqashid syariah in Islamic filantrophy institution. The research run by descriptive studies with qualitative analysis. Source of data this research from interview with Rumah Zakat and BUMMas Managements in Sumatera Utara, observation, and documentation studies. The result of study show that The mechanism for establishing BUMMas carried out by Islamic philanthropic institutions as an effort to eradicate poverty using an Asset Based Community Development approach is as follows: Rumah Zakat observes the resources and potential of the village. Human Capital is identified based on skills, expertise and educational background. Social capital is identified based on the closeness of relationships, networks, communities, and also prevailing habits or customs. Physical capital is identified based on existing infrastructure. Financial capital is identified based on the standard of living or income of potential beneficiaries. And environmental capital is identified based on the location where the Beneficiaries live; Rumah Zakat provides various business provisions and training to BUMMas. Also collaborates with the government through related agencies for business development. Rumah Zakat carries out guidance and monitoring of BUMMas by recruiting Inspiration Volunteers from community leaders on a regular and scheduled basis. With the success of BUMMas, the concept of maqashid sharia can be realized from all aspects, especially the economy. Hifz al-din (guarding religion), hifz al-nafs (guarding the soul), hifz al-maal (guarding wealth), hifz al-nasl (guarding descendants), and hifz al-aql (guarding reason).]]>
