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All Journal Jurnal Keuangan dan Perbankan Al-Iqtishad : Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics) MUQTASID Gadjah Mada International Journal of Business EQUILIBRIUM Jurnal Ekonomi & Studi Pembangunan Binus Business Review HUMAN FALAH: Jurnal Ekonomi dan Bisnis Islam Jurnal Ilmiah Ekonomi Islam Jurnal Ilmiah Peuradeun International Journal Of Science, Technology & Management (IJSTM) Moneter : Jurnal Keuangan dan Perbankan Jurnal Manajemen Dan Akuntansi Medan Majapahit Journal of Islamic Finance and Management Majapahit Journal of Islamic Finance dan Management International Journal of Business, Economics & Financial Studies Grimsa Journal of Business and Economics Studies Jurnal Pengabdian Bakti Akademisi
M. Shabri Abd. Majid
Syiah Kuala University, Banda Aceh, Indonesia
Religion Aerospace Engineering Agriculture, Biological Sciences & Forestry Humanities Automotive Engineering Biochemistry, Genetics & Molecular Biology Chemical Engineering, Chemistry & Bioengineering Chemistry Civil Engineering, Building, Construction & Architecture Computer Science & IT Control & Systems Engineering Decision Sciences, Operations Research & Management Earth & Planetary Sciences Economics, Econometrics & Finance Education Electrical & Electronics Engineering Energy Engineering Environmental Science Industrial & Manufacturing Engineering Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Mechanical Engineering Social Sciences Transportation

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Analisis Return dan Kalender Anomali: Studi Komparatif Antara Saham Syariah dan Konvensional Di Indonesia Majid, M. Shabri Abd.; Windaswari, Cut
HUMAN FALAH: Jurnal Ekonomi dan Bisnis Islam Human Falah: Jurnal Ekonomi dan Bisnis Islam | Vol. 2 | No.1 | 2015
Publisher : Fakultas Ekonomi dan Bisnis Islam Universitas Islam Negeri Sumatera Utara

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

Abstract

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.
Determination of Return on Assets of the Foreign Exchange Banks in Indonesia Syamni, Ghazali; Rasyimah, Rasyimah; Ratnasari, Desy; Abd. Majid, M. Shabri
Binus Business Review Vol 9, No 3 (2018): Binus Business Review
Publisher : Bina Nusantara University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21512/bbr.v9i3.4872

Abstract

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.
A Comparative Analysis of Resilience of Islamic and Conventional Banks in Indonesia Ulina, Sri; Majid, M. Shabri Abd.
Muqtasid: Jurnal Ekonomi dan Perbankan Syariah Vol 11, No 2 (2020): MUQTASID: Jurnal Ekonomi dan Perbankan Syariah
Publisher : IAIN Salatiga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18326/muqtasid.v11i2.88-103

Abstract

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 financial performances between Islamic banks and conventional banks during the pre- and post-2008 GFC periods. It also attempts to compare the financial 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 significant 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 significantly smaller than their conventional banking counterparts. These findings 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.
A Comparative Analysis of Financial Performance of Banking Industry in Indonesia: Conventional Versus Islamic Banks Wardhani, Izza Al Ula Zakiyah Kusuma; Abd. Majid, M. Shabri; Sartiyah, Sartiyah; Riyaldi, M. Haris
EQUILIBRIUM Vol 11, No 1 (2023): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v11i1.17998

Abstract

This study aims to compare and analyze the financial performances of conventional and Islamic banks in Indonesia. It also attempts to measure and analyze the effect of capital, financing risk, operational efficiency, liquidity, and regulatory compliance on banking financial performances. The sample in this study is the balanced panel data, comprising a cross-section of 87 conventional banks and 11 Islamic banks and a time series from 2011 to 2020 periods, which were selected using a purposive sampling technique. The secondary data are gathered from the annual reports of the banking samples. The comparative analysis and determination of factors affecting banking financial performances are examined using a different independent sample t-test and multiple panel regression, respectively. The study documented that the financial performance of conventional banks was better than that of Islamic banks. Furthermore, the study found that capital, financing risk, and operational efficiency negatively affected performance of the conventional banks, while liquidity and regulatory compliance positively influenced conventional banking performance. Comparatively, capital, liquidity, and regulatory compliance positively affected Islamic banking performance, while financing risk and operational efficiency negatively affected Islamic banking performance. These findings suggest the importance of banking management to impose different financial management policies to enhance their performances by referring to the directional effects of the determinants of the banking financial performances.
Economic Stability in Islamic View : Approach to Controlling Inflation Anggara, Windu; Shawab, Nabil; Abd. Majid, M. Shabri; Harahap, Isnaini
International Journal of Science, Technology & Management Vol. 4 No. 5 (2023): September 2023
Publisher : Publisher Cv. Inara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46729/ijstm.v4i5.914

Abstract

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.
The Role of Zakat in the Economy and Poverty Alleviation Siregar, Hilyati Inayah; Chudriana Putri, Rafika; Shabri Abd. Majid, M.; Harahap, Isnaini
International Journal of Science, Technology & Management Vol. 4 No. 5 (2023): September 2023
Publisher : Publisher Cv. Inara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46729/ijstm.v4i5.919

Abstract

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.
Impact of Disaster on Economic Performance of ASEAN-9: Does Philanthropy Help? Azhar, Thifal; Majid, M. Shabri Abd.; Sartiyah, Sartiyah; Dawood, Taufiq C
Jurnal Ekonomi & Studi Pembangunan Vol 23, No 1: April 2022
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jesp.v23i1.12593

Abstract

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.
The Role Of Imports In Development According To Islamic And Conventional Macroeconomic Perspectives Hartin Nst, Venny Fraya; Abd. Majid, M. Shabri; Harahap, Isnaini
Moneter: Jurnal Keuangan dan Perbankan Vol. 12 No. 1 (2024): APRIL
Publisher : Universitas Ibn Khladun Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32832/moneter.v12i1.746

Abstract

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.
Foreign Investment, Domestic Savings, and Exchange Rates as Drivers of Per Capita Income and Financial Sector Development in OIC Countries Garini, Fitri Ardiya; Majid, M. Shabri Abd.; Suriani, Suriani
Grimsa Journal of Business and Economics Studies Vol. 2 No. 1 (2025): January 2025
Publisher : Graha Primera Saintifika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61975/gjbes.v2i1.42

Abstract

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.
The Role of Employment Opportunities in Mediating the Impact of Human Capital and Wages on Provincial Poverty in Indonesia Mulyadi, Aka; Majid, M. Shabri Abd.; Suriani, Suriani
International Journal of Business, Economics & Financial Studies Vol. 2 No. 2 (2024): November 2024
Publisher : Indonesia Academia Research Society

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62157/ijbefs.v2i2.33

Abstract

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.
Co-Authors A. Sakir, A. Abd Karim, Mohd Rahimie bin Agustina, Maulidar Amir, Fakhrurrazi Amri Amri Andri Soemitra Anggara, Windu Azhar, Thifal Bakri Abdul Karim Benazir ., Benazir Bismi Khalidin Chudriana Putri, Rafika Cut Windaswari, Cut Desy Ratnasari Dewi, Annisa Keumala Eka Octavian Pranata Fredinan Yulianda Garini, Fitri Ardiya Ghazali Syamni Halim, Hendra Hartomi Maulana Idris, Sofyan Indra Yadi Putra Isnaini Harahap Kesuma, T. Meldi Kusmilawaty, Kusmilawaty Lada, Suddin Lubis, Fahdi Saidi Maira, Hayatun Mazwan, Rasmuna Mohd. Azmi Omar Muazzinah Muazzinah Muhammad Arfan Muhammad Haris Riyaldi, Muhammad Haris Muhammad Umar Maya, Putra Muharman Lubis Mulyadi, Aka Murkhana, Murkhana Mutia, Ratna Nasir, M. Fadhil Naziruddin Abdullah Ni Made Purnami Nizam, Ahmad Nurlina, Eka Putri Bintusy Syathi, Putri Bintusy Raja Masbar Rasyimah Rasyimah Ridmailis, Ridmailis Riha Dedi Priantana Riyaldi, M. Haris Ronald Rulindo Rosylin Mohd. Yusof Said Musnadi Sakir, A Salina Hj. Kassim Samsul Ariffin Abdul Karim Sari, Meutia Dwi Novita Sartiyah Sartiyah, Sartiyah Sasra, Said Fachrizal Sentosa, Dewi Suryani Shawab, Nabil Silvia, Vivi Siregar, Hilyati Inayah Siregar, M. Ridha Suriani Suriani Taufiq Carnegie Dawood ulina, sri Venny Fraya Hartin Nst Wardhani, Izza Al Ula Zakiyah Kusuma Yani, Rina Novi Yusrizal Yusrizal Zaida Rizqi Zainul, Zaida Rizqi Zulfa Zulfa Zulkifli Zulkifli