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Determinants of Net Asset Value of Islamic Mutual Funds in Indonesia Ficky Septiana; M. Nur Rianto Al Arif
Al-Amwal : Jurnal Ekonomi dan Perbankan Syari'ah Vol 12, No 1 (2020)
Publisher : UIN Siber Syekh Nurjati Cirebon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24235/amwal.v1i1.5443

Abstract

Net asset value is one of the indicators used in measuring the performance of a mutual fund. This study aims to examine what factors determine the net asset value of Islamic mutual funds in Indonesia. By using the vector error correction model, this study found that in the short term all variables did not affect the net asset value. But the composite stock price index and the rate of return have a long-term effect. These results indicate that the company must strengthen the company's internal aspects to improve the performance of the Islamic mutual funds it manages.
The Generational Interest Differences in Cash Waqf Insurance Patriana, Ela; Aisyah, Muniaty; Al Arif, Mohammad Nur Rianto
ETIKONOMI Vol 24, No 1 (2025)
Publisher : Faculty of Economic and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/etk.v24i1.41731

Abstract

Research Originality: Cash waqf insurance is underexplored in Islamic finance, offering a unique lens for study. This research addresses the gap by examining how knowledge, perceived fairness, and perceived usefulness influence attitudes and behavioral intentions toward cash waqf insurance among Generation Z, Millennials, and Generation X.Research Objectives: The study aims to assess the impact of these factors on shaping attitudes and intentions toward cash waqf insurance. Integrating these factors into the Theory of Planned Behavior (TPB) optimizes public understanding and fosters positive engagement on cash waqf.Research Method: 437 data sets were collected from respondents across three generations and analyzed using Partial Least Squares- Structural Equation Modeling (PLS-SEM) and multi-group analysis (MGA). The study evaluates the direct effects of knowledge, perceived fairness, and perceived usefulness on attitudes, behavioral intentions, and generational differences in these relationships.Findings: Knowledge significantly affects attitudes for Gen Z and Millennials, but not Gen X. Perceived fairness strongly influences Gen X and Gen Z, but not Millennials. Perceived usefulness is a key factor across all generations, with the highest impact on Millennials.Implications: The findings highlight the need for targeted educational campaigns for younger generations and fairness-based strategies for older cohorts. Policymakers and institutions can use these insights to enhance engagement with cash waqf insurance products.JEL Classification: G22, Z12, C38How to Cite:Patriana, E., Aisyah, M., & Al Arif, M. N. R. (2025). The Generational Interest Differences in Cash Waqf Insurance. Etikonomi, 24(1), 299 – 314. https://doi.org/10.15408/etk.v24i1.41731.
Macroeconomic Variables and Profitability in the Indonesian Islamic Banking Industry Al Arif, Mohammad Nur Rianto; Rahmawati, Rahmi
El-Barka Journal of Islamic Economics and Business Vol. 4 No. 1 (2021)
Publisher : El-Barka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/elbarka.v4i1.2778

Abstract

Profitability level is one of performance indicator in banking industry, including the Islamic banking industry. The purpose of this study is to analyse the short-run and long-run impact of macroeconomics variables to profitability in the Indonesian Islamic banking industry. The method that used in this paper is vector error correction models (VECM). The variables that used in this paper are industrial production index, inflation, exchange rate, the Bank Indonesia’s rate, and stock exchange composite index. The result shows that in the long-run, all of the macroeconomics variables affect significantly in profitability level. In the short-run, all macroeconomics variables do not  impact the profitability. This result implies that the macroeconomics variable had a time-lag to affect the profitability in the Indonesian Islamic banking industry. Salah satu indikator kinerja dalam industri perbankan termasuk industri perbankan syariah adalah tingkat profitabilitas. Tujuan dari penelitian ini ialah untuk menganalisis pengaruh variabel makroekonomi terhadap profitabilitas di industri perbankan syariah, baik dalam jangka pendek maupun jangka panjang. Metode yang dipergunakan dalam artikel ini ialah model vektor koreksi kesalahan. Variabel yang dipergunakan ialah indeks produksi industri, inflasi, nilai tukar, tingkat bunga Bank Indonesia, dan indeks harga saham gabungan. Hasil penelitian menunjukkan bahwa seluruh variabel makroekonomi berpengaruh dalam jangka panjang terhadap tingkat profitabilitas. Sedangkan, dalam jangka pendek seluruh variabel makroekonomi tidak berpengaruh terhadap tingkat profitabiltas. Hasil ini memberikan implikasi bahwavariabel makroekonomi memiliki jeda waktu untuk memengaruhi tingkat profitabilitas pada industri perbankan syariahdi Indonesia.
OFFICE CHANNELING AND ITS IMPACT ON THE PROFITABILITY OF ISLAMIC BANK Arif, M. Nur Rianto Al; Rahmawati, Yuke
Jurnal Aplikasi Manajemen Vol. 15 No. 2 (2017)
Publisher : Universitas Brawijaya, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (71.014 KB) | DOI: 10.21776/ub.jam.2017.015.02.08

Abstract

The purpose of this paper is to analyze that the office channeling policy that based on Bank Indonesia's rule no. 8/3/PBI/2006 had an on the profitability of Islamic banking industry in Indonesia. This research used ordinary least square regression to analyze the impact that office channeling as a dummy variable in this model. The result showed that office channeling didn't have a bearing on the profit rate of Islamic banking industry that measured. According to from this result, either regulator, parent's bank, and Islamic business unit had the obligation increase the socialization, education, and services to the customers
Efek Multiplier Wakaf Uang Dan Pengaruhnya Terhadap Program Pengentasan Kemiskinan Al Arif, M. Nur Rianto
Asy-Syir'ah: Jurnal Ilmu Syari'ah dan Hukum Vol 46 No 1 (2012)
Publisher : UIN Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/ajish.v46i1.41

Abstract

One of the Islamic fiscal instrument is waqf that have been played a significant role in economics.  Cash waqf is a new instrument  in  the  field  of  waqf  and  Islamic  economics as a facility for the purpose of worship and to achieve social welfare. The  development  of  the  waqf  field  through  cash  waqf, management  which  is  flexible  and  offers  many  choices.  Cash waqf have the multiplier effect in economic,  through this effect cash  waqf  can  be  used  as  instrument  to  poverty  alleviation program through community empowerment program.
Determinant of Efficiency in the Indonesian Islamic Banks Aliyah, Hikmatul; Hamid, Abdul; Al Arif, Mohammad Nur Rianto
Signifikan: Jurnal Ilmu Ekonomi Vol. 12 No. 1 (2023)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v12i1.30376

Abstract

This study aims to analyze the factors that influence the level of efficiency of Islamic commercial banks in Indonesia. The research employs a panel data analysis and a non-parametric Data Envelopment Analysis (DEA) to measure the level of efficiency. The panel data analysis showed that company size, profitability, liquidity, and management significantly affect the level of efficiency of Islamic banks in Indonesia, while capital and financing risk have no significant impact. The efficiency of Islamic banks in Indonesia should be maintained by balancing the distribution of assets, ensuring portfolio diversification, maintaining sufficient liquidity, and paying attention to management quality. The originality of this study, to the best of the author's knowledge, is that it is the first study to examine the determinants of efficiency in Indonesian Islamic commercial banks using quarterly data from the period of 2015-2020. As a result, the data analyzed has a sufficient amount.JEL Classification: C02, C14, C23, G01How to Cite:Aliyah, H., Hamid, A., & Al Arif, M. N. R. (2023). Determinants of Efficiency in the Indonesian Islamic Banks. Signifikan: Jurnal Ilmu Ekonomi, 12(1), 161-174. https://doi.org/10.15408/sjie.v12i1.30376.
The Rising Food Prices in Ramadan and Its Impact on Inflation Mutiara, Tira; Al Arif, Mohammad Nur Rianto; Anwar, Muhammad
Signifikan: Jurnal Ilmu Ekonomi Vol. 14 No. 2 (2025)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v14i2.46417

Abstract

Research Originality: This study proposes a new contribution by analyzing the seasonal pattern of rising food prices in Ramadan and its impact on inflation over the period 2018–2024. This data range allows for more recent and relevant identification. Research Objectives: This study aims to describe food prices before, during, and after Ramadan and to analyze their impact on inflation, using data from January 2018 to May 2024. Research Methods: This research uses descriptive statistical methods to analyze food prices and inflation, and multiple linear regression to examine the impact of food prices on inflation. Empirical Results:  This study found that prices of all food commodities tended to increase before, during, and after Ramadan, especially in Ramadan 2022. Descriptively, inflation also showed an increasing pattern before, during, and after Ramadan in most observation years, except 2020. Multiple linear regression analysis revealed that only chicken prices had a significant effect on inflation, while the other nine foods did not. Implications: These findings suggest that the government prioritize controlling the prices of strategic commodities like chicken during Ramadan by stabilizing supply and disseminating price information equitably. Furthermore, education on wise consumption and support for food access for poor groups can help mitigate price fluctuations on the demand side. JEL Classification: Q110, E310, E210 How to Cite:Mutiara, T., Al Arif, M. N. R., & Anwar, M. (2025). The Rising Food Prices in Ramadhan and Its Impact on Inflation. Signifikan: Jurnal Ilmu Ekonomi, 14(2), 407-422. https://doi.org/10.15408/sjie.v14i2.46417.
The role of trust on investors' intention to shares waqf in Indonesia Amin, Irsyad Ali; Al Arif, M. Nur Rianto
Jurnal Ekonomi & Keuangan Islam Volume 10 No. 2, July 2024
Publisher : Faculty of Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/JEKI.vol10.iss2.art8

Abstract

Purpose – This study examines the direct and indirect relationships between the variables of waqf literacy, reputation, and integrity and investors' intentions in waqf shares.Methodology – This study uses the Smart Equation Modeling (SEM) analysis approach with SEM PLS 4.0. A total of 247 investors were obtained through the questionnaire distribution.Findings – The results of this study indicate that waqf literacy, reputation, and integrity have a significant positive direct effect on trust and investor intention in waqf shares. The trust variable has a significantly positive effect on investor intention in waqf shares. The trust variable can moderate the influence of waqf literacy, reputation, and integrity on investor intention in waqf shares.Implications – For future researchers to enrich research on share waqf by adding other factors, discussing case studies specifically on share waqf nazirs, and comparing their management with other countries. To establish cooperation with stock exchange members who have Sharia Online Trading System (SOTS) services to make it easier for investors to share waqf. Originality – This study adds trust variables as mediation for other variables and revalidates the results of the influence of waqf literacy, reputation, and integrity on investor intention in waqf shares.
EFEK MULTIPLIER ZAKAT TERHADAP PENDAPATAN DI PROVINSI DKI JAKARTA Al Arif, M. Nur Rianto
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol. 4 No. 1 (2012)
Publisher : UNIVERSITAS ISLAM NEGERI SYARIF HIDAYATULLAH JAKARTA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v4i1.2533

Abstract

The aim of this research is to analyse the multiplier effect of zakâh revenue in DKI Jakarta. A study case at Badan Amil Zakat, Infak, and Sadaqah (BAZIS) DKI Jakarta. Least square method is used to analyze the data. The coefficients will be used to calculate the multiplier effect of zakâh-revenue and it will  be compared with the economy without zakah revenue. The results showed 2,522 multiplier effects of zakâh-revenue and 3.561 multiplier effect ofeconomic income without zakâh-revenue. This suggests that the management of zakat in BAZIS Jakarta still can have a significant influence on the economy.DOI: 10.15408/aiq.v4i1.2533