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IMAGE AND SERVICE ACCESSORIES: THE EFFECT ON CUSTOMER LOYALTY Muhammad Adnan; Ana Fitria; Maulidia Agustina
JESKaPe: Jurnal Ekonomi Syariah, Akuntansi dan Perbankan Vol. 7 No. 1 (2023): Jurnal Ekonomi Syariah, Akuntansi dan Perbankan (JESKaPe)
Publisher : IAIN Lhokseumawe

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52490/jeskape.v7i1.510

Abstract

Traditional use of the word "loyalty" refers to a customer's commitment to certain banking-related goods or brands. This research intends to assess the influence of image and service accessories on customer loyalty at the Singkil Branch of PT. Bank Aceh Syariah. All clients of the Bank Aceh Syariah Singkil Branch are the population for this associative quantitative study, and the sample approach is accidental sampling. A questionnaire with a Likert scale that was evaluated for validity and reliability was used to gather data. The findings of multiple linear regression analysis reveal that image and accessories have a considerable influence on consumer loyalty, either concurrently or separately. These findings emphasize the significance of a favorable image and appealing service accessories in fostering customer loyalty at the PT. Bank Aceh Syariah Singkil Branch. The implication is that businesses must continually monitor the image they convey to their clients and assure the provision of appealing service accessories.
Analisis Permintaan Uang di Indonesia Sari Nurmetri; Muhammad Adnan
Syntax Literate Jurnal Ilmiah Indonesia
Publisher : Syntax Corporation

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36418/syntax-literate.v7i9.14328

Abstract

Kebijakan moneter yang dilakukan oleh pememrintah melalui Bank Sentral adalah untuk mempengaruhi dan mengarahkan berbagai aktivitas ekonomi dan keuangan yang bertujaun untuk kestabilan harga dengan mempertimbangkan pertumbuhan ekonomi. Kebijakan moneter tersebut akan berpengaruh terhadap perputaran jumlah uang beredar dalam suatu perekonomian yang tercermin pada perkembangan jumlah uang beredar, kredit, nilai tukar, suku bunga serta berbagai variable ekonomi dan keuangan lainnya. Tujuan penelitian untuk menganalisi pengaruh Inflasi, Suku Bunga dan E-Money terhadap Permintaan Uang di Indonesia. Penelitian ini menggunakan pendekatan kuantitatif. Data yang digunakan adalah inflasi, suku bunga, e-money dan permintaan uang tahun 2017-2022. Sumber data dari Badan Pusat Statistik dan Bank Indonesia. Metode analisis data yang digunakan adalah model Error Correction Model (ECM). Hasil uji ECM untuk jangka panjang menyatakan inflasi berpengaruh negatif dan signifikan terhadap permintaan uang, sedangkan suku bunga untuk jangka panjang tidak berpengaruh signifikan terhadap permintaan uang. Variabel E-money untuk jangka panjang berpengaruh positif dan signifikan terhadap permintaan uang. Sementara uji ECM dalam jangka pendek, variabel inflasi dan suku bunga tidak memiliki pengaruh terhadap permintaan uang di Indonesia, pada variabel e-money berpengaruh signifikan terhadap permintaan uang.
Sikap Keuangan, Lingkungan, dan Minat Bertransaksi Serta Pengaruhnya Terhadap Literasi Keuangan Syariah: Studi Empiris di Kota Banda Aceh Muhammad Herizal Ihza; Muhammad Maulana; Muhammad Adnan
Jurnal Ekonomi Manajemen dan Sekretari Vol. 9 No. 1 (2024): APRIL 2024
Publisher : Sekretariat Pusat Lembaga Komunitas Informasi Teknologi Aceh

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35870/jemensri.v9i1.2966

Abstract

Conventional financial literacy still dominates Islamic financial literacy, even though the Muslim population is the majority in Indonesia. The people of Banda Aceh City have increased after the implementation of Qanun No.11 of 2018 concerning the operation of Islamic financial institutions throughout Aceh. Public awareness of the importance of Islamic financial literacy is reflected in people's financial attitudes that are getting better, also supported by the environment (situation) that makes people increasingly adjust their Islamic financial literacy to environmental factors and the increasing interest of the community to transact in Islamic financial institutions makes people continue to strive to improve Islamic financial literacy. This study aims to analyze the influence of financial attitude, environment, and interest in transactions on Islamic financial literacy in the people of Banda Aceh City. The research uses a quantitative method with an associative approach. The results of the study show that partially the variables of financial attitude, environment, and interest in transactions have a positive and significant effect on Islamic financial literacy in the people of Banda Aceh City. This research can be used by the people of Banda Aceh City to continue to improve their Sharia financial literacy to the highest scale, which is very good because currently the community's Sharia financial literacy is still relatively good and this is a challenge for the Banda Aceh City Government to make regulations and policies that can help improve sharia financial literacy in the people of Banda Aceh City.
Implementasi Etika Bisnis Islam dalam Operasional Koperasi Pegawai Mahkamah Syar’iyah di Provinsi Aceh Hanifa; Muhammad Adnan; Khairul Amri
Jurnal Ekonomi Manajemen dan Sekretari Vol. 9 No. 3 (2024): DESEMBER 2024
Publisher : Sekretariat Pusat Lembaga Komunitas Informasi Teknologi Aceh

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35870/jemensri.v9i3.3513

Abstract

Business ethics holds a significant position in the economy, particularly within societies that prioritize religious values. In Islamic teachings, business ethics are rooted in religious principles and strong moral foundations. This study examines the application of Islamic business ethics in the Employee Cooperative of the Sharia Court in Aceh using a descriptive qualitative methodology. Data collection methods included interviews, observations, and documentation, which were subsequently analyzed through data reduction, presentation, and verification techniques. The findings reveal that the cooperative adheres to fundamental Islamic business ethics principles, such as unity, balance, free will, responsibility, and truthfulness. The management of remaining business results (SHU) is conducted equitably and proportionally, allowing members to participate voluntarily without compulsion. Furthermore, the cooperative fosters harmonious interactions among members by upholding honesty, transparency, and openness. These practices cultivate a just and ethical cooperative environment aligned with Islamic values, reinforcing integrity and fairness in its operations.
DECOMPOSITION ANALYSIS OF CO2 EMISSION IN INDONESIA’S ENERGY-INTENSIVE INDUSTRIES Andri Febriyanda; Deni Kusumawardani; Muhammad Adnan
Multidiciplinary Output Research For Actual and International Issue (MORFAI) Vol. 5 No. 4 (2025): Multidiciplinary Output Research For Actual and International Issue
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/morfai.v5i4.3117

Abstract

The growth of the industrial sector through industrialization greatly affects the increase in CO2 emissions. Energy conservation and diversification policies need to be carried out to reduce CO2 emissions, especially in energy-intensive industries. This study aims to decompose and analyze the factors that cause changes in CO2 emissions using the LMDI method. The data used in this study was sourced from large and medium industry surveys during the period 2010-2015. The results show that the effects of changes in economic activity, industrial economic structure and energy intensity are the main factors that contribute to the increase in CO2 emissions in the cement, food, pulp & paper, chemical and textile industries. The structural effects of energy composition and emission coefficients have not shown a significant contribution to the increase or decrease of CO2 emissions. Policy recommendations to reduce CO2 emissions in energy-intensive industries are to encourage energy efficiency and transition through the use of energy-saving and low-carbon technologies, as well as revitalize old and inefficient technologies.
Analisis Dampak Kebijakan Moneter terhadap Pertumbuhan Ekonomi di Indonesia Rachmi Meutia; Muhammad Adnan; Lilis Kaslita
Jurnal Simki Economic Vol 9 No 1 (2026): Volume 9 Nomor 1 Tahun 2026
Publisher : Universitas Nusantara PGRI Kediri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29407/jse.v9i1.1493

Abstract

Economic growth serves as a vital benchmark for national development and is the foundation of the sustainable development process. This study examines the effects of inflation, the money supply (M1), and the exchange rate on Indonesia's economic growth. Using a quantitative approach, this study analyzes secondary quarterly time series data from 2015–2023 sourced from Statistics Indonesia (BPS) and Bank Indonesia (BI). The Vector Error Correction Model (VECM) is applied to analyze the short- and long-term dynamics between these variables. The results show that in the long run, inflation does not significantly influence economic growth in Indonesia, while the money supply and the exchange rate have a significant influence on economic growth. Conversely, short-term estimation results indicate that the three independent variables of inflation, the money supply (JUB), and the exchange rate do not significantly influence fluctuations in national economic growth. As a policy implication, monetary authorities and the government need to maintain inflation stability and manage JUB liquidity and the exchange rate wisely to create a macroeconomic climate conducive to stable economic growth.
Exploring the role of domestic and foreign factors in Indonesian Islamic mutual funds Muhammad Adnan
Journal of Enterprise and Development (JED) Vol. 5 No. 3 (2023): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v5i3.7224

Abstract

Purpose — This study aims to test and analyze domestic and foreign factors' effects on Islamic mutual funds' long-term and short-term Net Asset Value in Indonesia.Method — The research is associative quantitative research. The data used is secondary data in the form of time series data for 2015-2022. Data sources were obtained from the Central Bank of Indonesia, the Financial Services Authority, and Yahoo Finance. Data analysis used time series econometrics with the Error Correction Model (ECM) approach.Result — The ECM estimation results show that in the long run, the money supply, the Jakarta Composite Index (JCI), positively affects the Net Asset Value (NAV) of Islamic mutual funds, and World oil prices hurt the NAV of Islamic mutual funds in Indonesia. In contrast, the World gold price does not affect the NAV of Islamic mutual funds. In the short term, JCI positively affects the NAV of Islamic mutual funds, and the World gold price hurts the NAV of Islamic mutual funds in Indonesia. Conversely, money supply and World oil prices do not affect the NAV of Islamic mutual funds in Indonesia.Contribution — This study makes a significant academic contribution by expanding the understanding of factors influencing the Net Asset Value (NAV) of Islamic mutual funds in Indonesia, addressing the research gap regarding the limited inclusion of variables, and suggesting the need for further exploration and comparative studies in different countries or regions.
Determinan Emisi Sukuk Korporasi di Indonesia: Analisis Dinamika Jangka Pendek dan Jangka Panjang dengan Vector Error Correction Model Putri Bungsu Siregar; Muhammad Adnan; Intan Qurratulaini
Jurnal Investasi Islam Vol. 11 No. 2 (2026): Jurnal Investasi Islam (JII)
Publisher : FEBI IAIN Langsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32505/jii.v11i2.16090

Abstract

Perkembangan emisi sukuk korporasi di Indonesia menunjukkan peningkatan yang signifikan, dengan nilai emisi mencapai Rp173.370 miliar pada tahun 2025. Meskipun demikian, penelitian terdahulu mengenai determinan makroekonomi emisi sukuk masih menunjukkan hasil yang tidak konsisten dan belum secara komprehensif membedakan pengaruh dalam jangka pendek dan jangka panjang. Penelitian ini bertujuan menganalisis pengaruh harga minyak dunia, harga emas dunia, BI rate, inflasi, dan IHSG terhadap emisi sukuk korporasi di Indonesia dengan membedakan dinamika jangka pendek dan jangka panjang. Penelitian menggunakan data sekunder bulanan periode 2011–2025 dan metode Vector Error Correction Model (VECM). Hasil penelitian menunjukkan bahwa dalam jangka panjang hanya inflasi yang berpengaruh positif dan signifikan terhadap emisi sukuk, sedangkan harga minyak dunia, harga emas dunia, BI rate, dan IHSG tidak berpengaruh signifikan. Jangka pendek, BI rate dan inflasi berpengaruh positif dan signifikan, sedangkan harga minyak dunia, harga emas dunia, dan IHSG tidak berpengaruh signifikan. Temuan ini menunjukkan bahwa inflasi merupakan faktor makroekonomi yang paling konsisten berkaitan dengan emisi sukuk pada kedua horizon waktu, sementara pengaruh BI Rate bersifat jangka pendek. Kebaruan penelitian terletak pada pengujian simultan lima variabel dengan membedakan dinamika jangka pendek dan jangka panjang pada emisi sukuk korporasi Indonesia menggunakan data bulanan 2011–2025. Penelitian ini berkontribusi pada literatur dengan memberikan bukti bahwa sensitivitas emisi sukuk terhadap faktor makroekonomi berbeda menurut jenis variabel dan jangka waktu, serta memberikan implikasi bagi regulator dan pelaku pasar dalam mempertimbangkan kondisi makroekonomi dalam pengembangan pasar sukuk korporasi.
Pemodelan Return Indeks Saham Syariah Di Pasar Modal Indonesia Riza Shintia; Muhammad Adnan; Khairul Amri
Jurnal Investasi Islam Vol. 11 No. 2 (2026): Jurnal Investasi Islam (JII)
Publisher : FEBI IAIN Langsa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32505/jii.v11i2.16105

Abstract

Kinerja pasar modal umumnya dilihat dari Indeks Harga Saham Gabungan (IHSG) sebagai barometer pasar modal karena mencerminkan pergerakan harga saham. Sedangkan pada saham syariah, Jakarta Islamic Index (JII) yang menjadi benchmark atau tolak ukur kinerja saham syariah di Indonesia. Selama lima tahun terakhir, dari tahun 2021-2025 terjadinya fluktuasi indeks saham JII hingga mencerminkan penurunan mencapai 36,88%. Investor melakukan investasi atas dasar pertimbangan risiko dan return sehingga membuat trade off antara keduanya. Tujuan dari penelitian ini adalah untuk menganalisis pengaruh variabel makroekonomi domestik dan global terhadap return JII di pasar modal Indonesia dalam jangka pendek dan jangka panjang selama periode 2015-2025. Metodologi penelitian ini menggunakan metode kuantitatif, menggunakan data sekunder dalam bentuk runtun waktu (time series) dengan mengaplikasikan model Autoregressive Distributed Lag (ARDL). Hasil penelitian ini menunjukkan bahwa inflasi berpengaruh positif dalam jangka pendek dan jangka panjang terhadap return JII. Cadangan devisa dan harga emas dunia memiliki pengaruh signifikan dalam jangka panjang dan tidak berpengaruh dalam jangka pendek terhadap return JII. Sementara kurs dan harga minyak dunia berpengaruh signifikan dalam jangka pendek dan tidak berpengaruh pada jangka panjang. Untuk variabel BI rate tidak memiliki pengaruh pada jangka panjang maupun jangka pendek terhadap return JII. Saran pada penelitian selanjutnya agar menambahkan variabel seperti federal fund rate, pertumbuhan ekonomi, faktor internal pasar saham. Untuk model analisis disarankan menggunakan model ekonometrika yang lebih kompleks seperti analisis yang dapat menangkap hubungan yang bersifat asimetris maupun dinamis, seperti model NARDL, Quantile Regression, atau TVP-VAR.