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The Effect of Ramadan on the Indonesian Sharia Stock Index Husen, Ulfiya; Nasarudin, Indo Yama; Mubarok, Faizul
EQUILIBRIUM Vol 9, No 1 (2021): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v9i1.9071

Abstract

As the most prominent Muslim majority country globally, Ramadan is a viral religious celebration in Indonesia. This study aims to determine the effect of the month of Ramadan on the performance of Islamic stocks in food and beverage companies. This study uses the event study method with a paired sample t-test as a test instrument. Sharia stock performance uses variable returns, abnormal returns, trading volume activity, and variability of securities returns from 2013-2020 during Shaban, Ramadan, and Syawal. This study indicates that the return variable and trading volume activity have a significant difference at the moment and after the month of Ramadan. In contrast, the other tests have no difference. Directly, during the month of Ramadan, the level of public consumption increases along with increasing needs. Indirectly, the traditions of the month of Ramadan also affect performance in the capital market. This phenomenon will affect sentiment in stock transactions based on the festive atmosphere brought by the month of Ramadan.
Efficiency and Effectiveness of Disclosure of Cooperation with Online Indo Yama Nasaruddin
Esensi: Jurnal Bisnis dan Manajemen Vol 10, No 1 (2020)
Publisher : Faculty of Economic and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/ess.v10i1.17826

Abstract

This research measures the efficiency and effectiveness of the dissolution of cooperatives conducted online. To see the efficiency and effectiveness of using cooperative dissolution performance variables, utilization of online services, performance in online services and interest in utilizing online services for cooperatives in cooperative dissolution activities. The analysis technique used is descriptive analysis by looking at the percentage of answers from respondents. The object of this research is cooperatives that are listed as cooperatives which are dissolved in the area of East Java Province and Yogyakarta Special Region as regions that have many cooperative dissolutions. The results showed that the performance of the dissolution of cooperatives in the Special Region of Yogyakarta and East Java Province was an average of 3.53 in the predicate of moderate capacity. Utilization of online services is quite high. The performance of online services obtained the average results of respondents' answers of 4.09 are in the predicate of high capacity. Interest in the need for cooperative online services as an alternative to cooperative dissolution systems in the Special Region of Yogyakarta and East Java Province is high.
The Determinant of Stock Price: Evidence on Food and Beverage Companies in Indonesia Indo Yama Nasarudin; Suhendra Suhendra; Luthfia Farida Anggraini
ETIKONOMI Vol 18, No 1 (2019)
Publisher : Faculty of Economic and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (389.51 KB) | DOI: 10.15408/etk.v18i1.10987

Abstract

One aspect that concerns investors in valuing stocks is financial performance. The purpose of this research is to examine the effect of financial performance, firm size, and corporate social responsibility disclosure to the stock price in food and beverage sector companies in Indonesia Stock Exchange. Using a purposive sampling method has done the sample collection method and eleven of eighteen companies, which listed in Indonesia Stock Exchange in the years of 20013-2017, are used as the research samples. The method used in this study was Structural Equation Modeling Partial Least Square (SEM-PLS). The result of the research shows that financial performance, firm size, and corporate social responsibility disclosure affect the stock price. This result implies that the firm should improve the internal factors to increase stock prices.JEL Classification: G23, G32
Analisis Kelayakan Ekonomi Dan Finansial Usaha Batik Papua Studi Kasus Pada Perusahaan Batik Port Numbay Papua Indo Yama Nasarudin
Jurnal Manajemen Teori dan Terapan | Journal of Theory and Applied Management Vol. 7 No. 1 (2014)
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (420.041 KB) | DOI: 10.20473/jmtt.v7i1.2686

Abstract

This research analyze the economic and financial feasibility of Papua’s Batik Port Numbay. The economic performance for business was good at marketing aspect and good enough for management and human resource, production, and environment analysis aspect. While finance aspect assessment indicates that Benefit Cost Ratio (BCR) is 1,30, Value of Payback Period is 2,16 years which is below time specified 10 years. The Net Present Value is Rp 1.146.518.993, profitability index is 4,54, Internal Rate of Return (IRR) is 52,42%. Based on the overall financial measurement, it shows that the business is viable to be continued.
ANALISIS FAKTOR FUNDAMENTAL TERHADAP EXCESS RETURN SAHAM SYARIAH PERUSAHAAN JAKARTA ISLAMIC INDEX Azwar Azwar; Indo Yama Nasarudin; Arief Mufraini; Suhendra Suhendra; Sihabudin Noor
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol 3, No 1: Januari 2011
Publisher : Faculty of Shariah and Law, UIN Syarif Hidayatullah Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (510.286 KB) | DOI: 10.15408/aiq.v3i1.2501

Abstract

The study concluded that based on the results of testing by using multiple regression analysis, there are four variables that significantly affect the excess return variables, they are: BV,DER, ROE and SWBI. Besides, they are other variables such as PER, nflation, and exchange rate had no significant effect on the variable excess stock returns. Thus, it can be assumed that the JII firms during the study period was fulfilling aspects of sharia compliance. The indications are book value can represent the real value of the assets of the company itself and the highest ratio of debt to asset is 2.84%. meanwhile, the highest determination of Islamic National Council is 33%DOI: 10.15408/aiq.v3i1.2501
Analisa Pembiayaan KUR Syariah Dalam Pemberdayaan UMKM Di Masa Pandemi Covid 19 Rasyid Tarmizi; Indo Yama Nasaruddin; Sunardi Sunardi
CICES (Cyberpreneurship Innovative and Creative Exact and Social Science) Vol 9 No 2 (2023): CICES
Publisher : UNIVERSITAS RAHARJA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33050/cices.v9i2.2715

Abstract

This study aims to determine the Analysis of Business Credit Financing Sharia People in Empowering Micro, Small and Medium Enterprises in the future Covid-19 pandemic; Case Study of BSI KCP Tangerang The method used in this study is a qualitative method with the case study research. The results of the study show that the People's Business Credit Sharia at BSI KCP Tangeran has played a significant role in effective in helping empower MSMEs. First: The role of the BSI KUR covers most of the capital assistance. During the pandemic, some advantages that customers can receive if they want to realize KUR funds namely ease of requirements, restructuring policies for customers affected by the pandemic, as well as low prices. Second: The positiveimpact of KUR on MSMEs, namely in terms of capital, with the assistance of capital then the production of goods or services will increase which triggers an increase in profit gradually. The negative impacts of KUR include the formation of Customer dependence on KUR financing. Third: Bank Institutional Constraints Sharia Indonesia KCP Tangerang when realizing it KUR financing to customers, among others, there are still customers who late paying installments, customers who are difficult to ask for documentation, and irregular scheduling of visits to customers. Keywords—Sharia KUR; Empowerment; AbstrakPenelitian ini bertujuan untuk mengetahui Analisis Pembiayaan Kredit UsahaRakyat Syariah dalam Pemberdayaan Usaha Mikro, Kecil, dan Menengah di masa pandemi Covid-19 mendatang; Studi Kasus BSI KCP Tangerang Metode yang digunakan dalam penelitian ini adalah metode kualitatif dengan jenis penelitian studi kasus. Hasil kajian menunjukkan bahwa Kredit Usaha Rakyat Syariah di BSI KCP Tangerang telah berperan secara efektif dalam membantu pemberdayaan UMKM. Pertama: Peran KUR BSI mencakup sebagian besar bantuan permodalan. Di masa pandemi, beberapa keuntungan yang dapat diperoleh nasabah jika ingin merealisasikan dana KUR yaitu kemudahan persyaratan, kebijakan restrukturisasi bagi nasabah yang terdampak pandemi, serta harga yang murah. Kedua: Dampak positif KUR terhadap UMKM yaitu dari segi permodalan, dengan adanya bantuan permodalan maka produksi barang atau jasa akan meningkat yang memicu peningkatan keuntungan secara bertahap. Dampak negatif KUR antara lain terbentuknya ketergantungan Nasabah terhadap pembiayaan KUR. Ketiga: Kendala Kelembagaan Bank KCP Tangerang Syariah Indonesia dalam merealisasikan pembiayaan KUR kepada nasabah antara lain masih adanya nasabah yang terlambat membayar cicilan, nasabah sulit untuk meminta dokumentasi, dan jadwal kunjungan ke nasabah yang tidak teratur. Kata Kunci—KUR Syariah; Pemberdayaan; UMKM; Covid-19
ANALISIS FAKTOR FUNDAMENTAL TERHADAP EXCESS RETURN SAHAM SYARIAH PERUSAHAAN JAKARTA ISLAMIC INDEX Azwar, Azwar; Nasarudin, Indo Yama; Mufraini, Arief; Suhendra, Suhendra; Noor, Sihabudin
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol. 3 No. 1 (2011)
Publisher : UNIVERSITAS ISLAM NEGERI SYARIF HIDAYATULLAH JAKARTA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v3i1.2501

Abstract

The study concluded that based on the results of testing by using multiple regression analysis, there are four variables that significantly affect the excess return variables, they are: BV,DER, ROE and SWBI. Besides, they are other variables such as PER, nflation, and exchange rate had no significant effect on the variable excess stock returns. Thus, it can be assumed that the JII firms during the study period was fulfilling aspects of sharia compliance. The indications are book value can represent the real value of the assets of the company itself and the highest ratio of debt to asset is 2.84%. meanwhile, the highest determination of Islamic National Council is 33%DOI: 10.15408/aiq.v3i1.2501