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All Journal Assets : Jurnal Ekonomi, Manajemen dan Akuntansi AL-Fikr Laa Maisyir Jurnal Ekonomi Islam Jurnal Minds: Manajemen Ide dan Inspirasi JKBM (JURNAL KONSEP BISNIS DAN MANAJEMEN) Patria Artha Management Journal YUME : Journal of Management Ad-Deenar: Jurnal Ekonomi dan Bisnis Islam Iqtishoduna: Jurnal Ekonomi Islam Jurnal Edueco Al-Kharaj: Journal of Islamic Economic and Business Jurnal Ilmu Manajemen Profitability Jurnal Ilmiah Al-Tsarwah Jurnal Ilmiah Akuntansi Peradaban Shar-E: Jurnal Kajian Ekonomi Hukum Syariah Iqtishaduna : Jurnal Ilmiah Mahasiswa Hukum Ekonomi Syariah International Journal of Community Service At-Tasyri Jurnal Hukum Islam dan Ekonomi Syariah Islamic Business and Finance (IBF) Al-Mutsla: Jurnal Ilmu-Ilmu Keislaman dan Kemasyarakatan Jurnal Ar-Ribh Jurnal Iqtisaduna International Journal of Management Science and Information Technology (IJMSIT) Hamalatul Qur'an : Jurnal Ilmu Ilmu Al-Qur'an Jurnal Ilmu Akuntansi dan Bisnis Syariah (AKSY) AL-KHIYAR: Jurnal Bidang Muamalah dan Ekonomi Islam International Journal of Economics and Management Research Likuid: Jurnal Ekonomi Industri Halal Cross-border Innovative: Journal Of Social Science Research Economos : Jurnal Ekonomi dan Bisnis Neraca: Jurnal Ekonomi, Manajemen dan Akuntansi Riwayat: Educational Journal of History and Humanities Al-Jadwa: Jurnal Studi Islam Journal of Management and Innovation Entrepreneurship (JMIE) QOSIM: Jurnal Pendidikan, Sosial & Humaniora Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Journal of Innovative and Creativity International Journal of Community Engagement and Development Tafaqquh : Jurnal Hukum Ekonomi Syariah dan Ahwal Syahsiyah Assyarikah: Journal Of Islamic Economic Business Journal of Visionary Sharia Economy (JOVISHE) Jurnal Cendekia Ilmiah Jurnal Ekonomi, Manajemen, Akuntansi Ulil Albab PESHUM Journal of Studies in Academic, Humanities, Research, and Innovation Atestasi : Jurnal Ilmiah Akuntansi International Journal of Education Management and Religion At-Tadris: Journal of Islamic Education Study of Scientific and Behavioral Management (SSBM) International Journal of Economics and Management Research Balance: Jurnal Ekonomi GoodWill Journal of Economics, Management, and Accounting Pariwisata
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Green Innovation on the Business Performance of Halal-Certified Micro, Small, and Medium Enterprises in South Sulawesi Hardiyanti Ridwan; Muslimin H. Kara; Abdul Wahab; Rika Dwi Ayu Parmitasari; Abd. Muhaemin Nabir; Nurwahida Nurwahida
International Journal of Management Science and Information Technology Vol. 5 No. 2 (2025): July - December 2025
Publisher : Lembaga Komunitas Informasi Teknologi Aceh (KITA), Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35870/ijmsit.v5i2.5808

Abstract

This study aims to analyse the effect of green innovation on the business performance of micro and small enterprises in South Sulawesi, particularly those that have obtained halal certification. Green innovation is a new strategy that has emerged among business actors, involving the creation of environmentally friendly innovations in the production process and the products produced. The research method used is explanatory research with a quantitative approach, with a population of 1,025 MSEs and a sample of 124 MSEs with halal certification. The data collection techniques used were observation, interviews and questionnaires with a 1-7 Likert scale, while the data analysis techniques used were descriptive statistical analysis and inferential analysis, namely inner model and outer model analysis, as well as hypothesis testing. The results of the study indicate that green innovation has a positive and significant effect on the business performance of micro and small enterprises in South Sulawesi -, amounting to 45.1%. This implies that the implementation of green innovation in SMEs that already have halal certification can improve business performance while promoting economic, social, and environmental sustainability.
THE INTEGRATION OF ISLAMIC LAW AND ISLAMIC ECONOMICS IN HALAL PRODUCT ASSURANCE: A HISTORICAL ANALYSIS OF ITS DEVELOPMENT IN OF HALAL ASSURANCE INDONESIA Abdi Dzul Jalal Ikram; Siradjuddin; Rika Dwi Ayu Parmitasari
Jurnal Ilmiah Al-Tsarwah Vol. 8 No. 2 (2025)
Publisher : Institut Agama Islam Negeri (IAIN) Bone

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30863/al-tsarwah.v8i2.10923

Abstract

This study analyzes the development, characteristics, and significance of Islamic financial instruments within contemporary Islamic finance frameworks, particularly regarding their contributions to ethical financial practices and economic resilience. The purpose of this research is to identify how Islamic financial instruments operate conceptually and how they adapt to modern financial and technological developments. This research employed a qualitative approach through a library research method using scholarly publications, books, and official institutional documents as primary sources. The findings indicate that Islamic financial instruments do not simply replicate conventional products but represent an independent system grounded in Sharia principles, including risk sharing, asset-based transactions, and prohibition of speculative elements. The results also show that technological innovation, regulatory harmonization, and Sharia governance have become determining factors for sustainable development of Islamic financial instruments. Moreover, social financing mechanisms such as zakat, waqf, and charitable-based instruments expand financial inclusion and contribute to socio-economic empowerment. In conclusion, Islamic financial instruments hold substantial potential in establishing a more ethical, stable, and inclusive financial system. Further efforts are required to strengthen regulatory frameworks, institutional capacity, and digital transformation to enhance global integration and future implementation of Islamic finance.
Pengaruh Persepsi Risiko Terhadap Keputusan Investasi Dengan Motivasi Investasi Sebagai Variabel Mediasi Pada Generasi Z Di Kota Makassar Andi Fani Amalia; Rika Dwi Ayu Parmitasari; Eka Indriyani
Jurnal QOSIM : Jurnal Pendidikan, Sosial & Humaniora Vol 4 No 4 (2026): 2026
Publisher : Yayasan pendidikan dzurriyatul Quran

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61104/jq.v4i4.9963

Abstract

The increasing number of young investors in Indonesia shows that investment decisions are becoming increasingly important for Generation Z in managing finances and planning for the future. This study aims to find out and explain the influence of risk perception on investment decisions with investment motivation as a mediating variable in generation Z in Makassar City. This study is included in quantitative research with a non-probability sampling method with a sample extraction technique using purposive sampling and a sample of 140 respondents. The analysis tool uses SmartPLS 4.1.17 using the SEM-PLS method. Based on the data analysis carried out, the results were obtained that all the hypotheses submitted were proven to have a positive and significant effect, namely, risk perception has a positive and significant effect on investment decisions in generation Z in Makassar City. Risk perception has a positive and significant effect on investment motivation in Generation Z in Makassar City. Investment motivation has a positive and significant effect on investment decisions in Generation Z in Makassar City. Risk perception indirectly has a positive and significant effect on investment decisions through investment motivation in generation Z in Makassar City. The implications of this study show that having a good understanding of risk perception can increase motivation for Generation Z to make investments and help them make more rational and structured investment decisions.
Pengaruh Intellectual Capital, Social Responsibility Dan Islamic Social Reporting Terhadap Kinerja Keuangan Bank Umum Syariah Di Indonesia Yuni Safitri; Rika Dwi Ayu Parmitasari; Fauziah Bakhtiar
EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 5 No. 1: November 2025
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/ekoma.v5i1.12044

Abstract

Penelitian ini bertujuan untuk menguji serta menganalisis pengaruh Intellectual Capital, Social Responsibility, dan Islamic Social Reporting terhadap kinerja keuangan pada Bank Umum Syariah di Indonesia. Dalam era persaingan industri perbankan yang semakin kompetitif, ketiga variabel tersebut diyakini memiliki peran penting dalam menciptakan nilai tambah dan memperkuat daya saing, khususnya pada lembaga keuangan yang berlandaskan prinsip syariah. Intellectual Capital, sebagai representasi aset tak berwujud seperti pengetahuan, keterampilan, dan inovasi, diyakini mampu meningkatkan efisiensi serta efektivitas perusahaan. Social Responsibility atau tanggung jawab sosial perusahaan, menjadi aspek penting dalam membangun kepercayaan publik dan citra positif. Sementara itu, Islamic Social Reporting merupakan bentuk transparansi dalam menyajikan laporan yang sesuai prinsip Islam. Penelitian ini menggunakan pendekatan kuantitatif dengan metode analisis regresi berganda. Data penelitian bersumber dari laporan tahunan dan laporan keberlanjutan Bank Umum Syariah yang terdaftar di Otoritas Jasa Keuangan selama periode 2019–2023. Sampel ditentukan dengan metode purposive sampling, sedangkan pengolahan data dilakukan menggunakan SPSS. Hasil penelitian menunjukkan bahwa Intellectual Capital berpengaruh positif signifikan terhadap kinerja keuangan, Social Responsibility juga berpengaruh positif, sedangkan Islamic Social Reporting justru berpengaruh negatif, kemungkinan karena kualitas pengungkapan yang belum optimal serta tingginya biaya implementasi yang belum berdampak langsung pada profitabilitas.
Pengaruh Family Controlled dan Profitability Terhadap Kebijakan Dividen pada Perusahaan Keluarga yang Terdaftar di Jakarta Islamic Index 70 Tesa Ramadani; Rika Dwi Ayu Parmitasari; Rusnawati Rusnawati
EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 5 No. 1: November 2025
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/ekoma.v5i1.12123

Abstract

Bursa Efek Indonesia (BEI) Bursa Efek Indonesia (BEI) didominasi perusahaan keluarga yang berperan penting dalam pengambilan keputusan keuangan, termasuk kebijakan dividen. Di antara indeks saham berbasis syariah, JII 70 menjadi indikator kinerja perusahaan yang menjalankan usaha sesuai prinsip Islam. Dalam beberapa tahun terakhir terjadi ketidakstabilan kebijakan dividen pada sejumlah perusahaan di JII 70, meski beberapa menunjukkan profitabilitas tinggi. Kondisi ini mengindikasikan adanya faktor struktural dalam kepemilikan dan pengelolaan perusahaan yang memengaruhi distribusi laba kepada pemegang saham. Penelitian ini bertujuan menganalisis pengaruh family controlled dan profitability terhadap kebijakan dividen pada perusahaan keluarga yang terdaftar di JII 70 periode 2019–2023. Jenis penelitian ini menggunakan pendekatan kuantitatif dengan metode regresi linier berganda untuk menganalisis hubungan antara variabel independen dan dependen. Sampel dipilih melalui teknik purposive sampling terhadap perusahaan keluarga yang memenuhi kriteria selama periode observasi. Data penelitian diperoleh dari laporan keuangan tahunan yang dipublikasikan oleh masing-masing perusahaan, sedangkan teknik analisis data menggunakan Statistical Package for the Social Sciences (SPSS). Hasil penelitian menunjukkan bahwa family controlled dan profitability berpengaruh positif dan signifikan terhadap kebijakan dividen. Temuan ini menegaskan struktur kepemilikan keluarga dan kinerja keuangan sebagai faktor penting dalam penentuan kebijakan dividen pada perusahaan syariah yang tercatat di JII 70.
Pengaruh Stock Price, Trading Volume dan Stock Return Volatility Terhadap Bid-ask Spread pada Saham LQ45 yang Terdaftar di Bursa Efek indonesia (BEI) Aini Rahmadani; Rika Dwi Ayu Parmitasari; Rusnawati Rusnawati
EKOMA : Jurnal Ekonomi, Manajemen, Akuntansi Vol. 5 No. 2: Januari 2026
Publisher : CV. Ulil Albab Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56799/ekoma.v5i2.12163

Abstract

Besarnya bid-ask spread menjadi salah satu pertimbangan penting dalam pengambilan keputusan investasi, karena dapat memengaruhi potensi keuntungan yang diperoleh serta tingkat risiko yang harus ditanggung. Penelitian ini bertujuan untuk menganalisis pengaruh stock price, trading volume, dan stock return volatility terhadap bid-ask spread pada saham LQ45 yang terdaftar di Bursa Efek Indonesia (BEI) selama periode tahun 2019-2023. Metode penelitian ini adalah penelitian kuantitatif yang bersifat asosiatif. Data dianalisis menggunakan uji asumsi klasik, koefisien determinan dan koefisien korelasi dengan melalui SPSS 21. Populasi dalam penelitian ini adalah seluruh saham yang termasuk ke dalam LQ45 dan telah memenuhi kriteria. Sampel penelitian ini terdiri dari 120 data observasi dengan menggunakan teknik purposive sampling. Hasil penelitian yang didapatkan dengan menggunakan uji t dan f menunjukkan bahwa stock price,trading volume dan stock return volatility berpengaruh secara simultan terhadap bid-ask spread, lalu pada uji t, stock price berpengaruh negatif dan tidak signifikan terhadap bid-ask spread, trading volume berpengaruh negatif dan signifikan terhadap bid-ask spread, dan stock return volatility berpengaruh posifit terhadap bid-ask spread. Bagi peneliti selanjutnya, hasil penelitian ini dapat dijadikan acuan untuk mengeksplorasi faktor lain yang memengaruhi bid-ask spread, seperti likuiditas pasar, ukuran perusahaan, atau kondisi makroekonomi
Increasing the Business Potential of MSMEs through the Utilization of Digital Bookkeeping and Digital Marketing in Sebatik Island Eka Indriyani MS; Wahidah Abdullah; Eka Suhartini; Rika Dwi Ayu Parmitasari; Alim Syariati; Miftha Farild; Rusnawati
International Journal Of Community Service Vol. 4 No. 2 (2024): May 2024 (Indonesia - Ethiopia )
Publisher : CV. Inara in Colaboration with www.stie-sampit.ac.id

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51601/ijcs.v4i2.273

Abstract

The characteristics of the Indonesian economy are supported by the micro, small, and medium enterprise sectors, which account for 98.33% of the enterprise population in Indonesia. This is evidenced by the increasing number of business units, labor contribution, and contribution of MSMEs to GDP. The post-COVID-19 pandemic has brought major changes to the lifestyle of businesses and consumers along with the use of digitalization. The existence of digitalization provides opportunities for businesses to increase online sales and fast and efficient bookkeeping. The obstacles faced at this time are that Sebatik Island MSME actors still have obstacles in utilizing digital applications. Therefore, this research began by conducting community service on 13 September 2023 to provide training on digitalization to business actors. The samples in this study were 27 MSME actors dominated by culinary businesses. The methods used include mapping, interviews with UMKM participants, formulation of problems and solutions, determination of problem-solving strategies, and implementation of MSMEs seminars.
Islamic Social Enterprise at MSMEs in Makassar City: The Relationship Between Islamic Financial Literacy and Social Networks with Product Innovation as Moderating Variables Helda Rostiani; Amiruddin K; Rika Dwi Ayu Parmitasari
Al-Kharaj: Journal of Islamic Economic and Business Vol. 7 No. 4 (2025): All articles in this issue include authors from 3 countries of origin (Indonesi
Publisher : LP2M IAIN Palopo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24256/kharaj.v7i4.8118

Abstract

This study aims to analyze the influence of Islamic financial literacy and social networks on Islamic social enterprises in MSEs in Makassar City, with product innovation as a moderating variable. The research questions address the extent to which Islamic financial literacy and social networks contribute to improving Islamic social enterprise practices, and whether product innovation can strengthen this relationship. The research method used was a quantitative approach with Structural Equation Modeling (SEM-PLS) analysis techniques. Data were collected through questionnaires distributed to 131 respondents, Sharia MSEs, in Makassar City. Validity and reliability tests, as well as hypothesis testing, were conducted to obtain comprehensive results. The results of the study indicate that Islamic Financial Literacy has a positive and significant effect on Islamic Social Enterprise, while Social Networks have no significant effect. Product Innovation is proven to have a significant direct effect on Islamic Social Enterprise, but does not moderate the relationship between Islamic Financial Literacy and Social Networks on Islamic Social Enterprise. This confirms that Islamic financial literacy is a key factor in strengthening Islamic Social Enterprise, while social networks will only provide benefits if they are built on sharia principles. The implication of this research is the need to improve Islamic financial literacy as the primary foundation for MSEs in building sustainable Islamic Social Enterprises. Social networks need to be strengthened with spiritual values and Islamic collaborative principles to better support social missions. Meanwhile, product innovation should be directed toward Sharia-based social innovations to better align with the goals of Islamic Social Enterprises.
Interest In Visiting Muslim Tourists In The Regency Mamasa: Muslim Friendly Tourism, Tourism Promotion and Religiosity Nurwahida; Rika Dwi Ayu Parmitasari; Saiful Muchlis
Al-Kharaj: Journal of Islamic Economic and Business Vol. 7 No. 4 (2025): All articles in this issue include authors from 3 countries of origin (Indonesi
Publisher : LP2M IAIN Palopo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24256/kharaj.v7i4.8201

Abstract

          This study aims to analyze the influence of Muslim-Friendly Tourism and Tourism Promotion on Muslim tourists' interest in visiting Mamasa Regency, and to examine the role of religiosity as a moderating variable. The research method uses a quantitative approach with an associative research type. Data were obtained through distributing questionnaires to Muslim tourists and analyzed using Structural Equation Modeling (SEM) based on Partial Least Square (PLS). The results show that Muslim-Friendly Tourism and Tourism Promotion have a positive and significant effect on Muslim tourists' interest in visiting, while religiosity strengthens this relationship. The implications of this study emphasize the importance of improving halal facilities, optimizing digital tourism promotion, and integrating religious values ​​into destination development strategies so that Mamasa can develop as a Muslim-friendly tourist destination in West Sulawesi.
Management of Workforce Recruitment in an Islamic Perspective: Practices and Principles Wahyuddin Wahyuddin; Muh Dian Nur Alim Mu’min; Rika Dwi Ayu Parmitasari; Alim Syariati
Economos : Jurnal Ekonomi dan Bisnis Vol. 9 No. 1 (2026): ECONOMOS : Jurnal Ekonomi dan Bisnis
Publisher : Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Parepare

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31850/economos.v9i1.4308

Abstract

In the era of globalisation and intense competition, workforce recruitment is one of the key factors in improving the quality of employees and improving organisational performance. In practice, workforce recruitment is one of the important aspects of human resource management in an organisation. In the context of an Islamic perspective, the recruitment and selection process must be carried out in accordance with Islamic principles and values. This research aims to explore recruitment and selection practices in the labour market in an Islamic perspective. This research is a research using the library research method. The results of this study show that in Islamic organisations, alignment of workforce needs with job descriptions and specifications is essential to ensure compliance with Islamic values. Integration orientation plays an important role in developing employees who are not only technically competent, but also have a strong understanding of Islamic values and commitment to the organisation. Regular and open evaluation and feedback can help organisations improve the recruitment and selection process on an ongoing basis, so as to attract and select the best candidates that match the needs of the organisation, as well as provide a positive experience for applicants and the recruitment team. By applying the principles of fairness, equality and legal compliance, organisations can build recruitment and selection processes that are fair, transparent and non-discriminatory.
Co-Authors A M Nur Atma Amir A. M. Nur Atma Amir Abd. Muhaemin Nabir Abdi Dzul Jalal Ikram Abdul Wahab Abdul Wahab Abdul Wahid Haddade Abdullah, Wahyuddin Adawiah, Arabiatul Adi Muh Arman Agus Syam Ahmad Zikri Dwiatmaja Aini Rahmadani Aisyah Aisyah Aisyah Aisyah Aksal Ali Wardani Ali Wardani, Ali Alim Syariat Alim Syariat Alim Syariati Alisa, Nur Amir, A. M. Nur Atma Amiruddin K Amrullah Amrullah Andi Fani Amalia Andi Sulfati Ansar, Agustan Aprilya, Nurul Wahida Arsyad, Kamaruddin Arviana, Pipi Dana Kusuma, Suteja Wira Dwiatmaja, Ahmad Zikri Efendi, Widya Eka Indriyani Eka Indriyani MS Eka Suhartini Fathurrahman Fathurrahman Fathurrahman Fathurrahman, Rezki Amalia Fauziah Bakhtiar Fauziah Bakhtiar Ferawati - Harun Fuad Ramadhan Ghafur Hamran, Rachmat Habibi Habibi Habibi Habibi Hadisa, Nur Hadriani, Siti Halik, Abdul Chadjib Hamzah Abd Rahim Hardiyanti Ridwan Haris, Hariyati Hariyati Haris Hasrianto, Hasrianto Helda Rostiani Idha Fadhilah Sofyan Idris Parakkasi Ilham, Reski Cahyani Indriyani, Eka Irwan Misbach Ita Rukmanasari Jabir M Jafar Jafar, Jabir M Jamaluddin Majid Jamaluddin Majid Jessika Gafur Lamba K, M Yusuf kaharuddin kaharuddin Kandi, Rama Kartika KIKI WULANDARI Kurnia , Evi Kurniadi Kurniadi, Kurniadi Lince Bulutoding lisa, Aziza pipi M. Arfin Hamid Mardatillah Maulana Maulana Maulana Maulana, Maulana Miftah Farid Miftha Farild Miswinda Muh Dian Nur Alim Mu’min Muh. Ahsan Kamil Muhammad Adnan Fajrin Muhammad Adnan Fajrin Muhammad Agung Miftah Syamsul Muhammad Agung Miftah Syamsul Muhammad Asdar Muhammad Auliya’a Dahlan Muhammad Jufri Muhammad Wahyuddin Abdullah Mukhtar Galib Murtiadi Awaluddin Muslimin Kara Mutmainnah, Andi Mu’min, Muh. Dian Nur Alim Nabir, Abd. Muhaemin Nashrullah Nashrullah Nashrullah Nasir Hamzah Nasrullah Bin Sapa Nirwana, Nirwana Noval Nur Alim Mu’min, Muh Dian Nur Azizah Nurfaizah Nurfaizah Nurfaizah Nurfaizah, Nurfaizah Nurjannah Nurjannah Nurjannah Nurmiati Nurmiati Nurul Pratiwi Nurwahida Nurwahida Nurwahida Nurwahida Nurwahida, Nurwahida Nuzul Nidaul Fitrah Usman Pratama Putra, Satria Rafiuddin, Fifriani Rahmadani, Aini Rahmawati Muin Rahmawati Rahmawati Ramlan, Muh. Rafli ridwan, hardiyanti Risma Risma Risma Risma, Risma Risna Risna Rofiah, Isnin Rusdi Raprayogha Rusnawati Rusnawati Rusnawati Rusnawati Rusnawati Rusnawati Rusnawati Rusnawati Rusnawati Rusnawati, Rusnawati Saiful Muchlis Samirah Samirah, Samirah Samsidar Sapsuha, Mubasysyyratul Ummah Saputri, Jesika Sari, Wiwik Permata Silondae, Prades Ariato Siradjuddin Sofyan, Idha Fadhilah Sri Sutrismi Sudarmi Sudarmi Sudirman Sudirman Sudirman Sudirman Suhartini, Eka Suhartono Sunarti Sutrisna Sutrisna Syamsiah, Sitti Syamsuddin Syamsul Syamsurianto Syaripuddin Syaripuddin Tesa Ramadani Tesa Ramadani Titin Hardianti Trisno Wardy Putra Wahidah Abdullah Wahyuddin Wahyuddin Wahyudi Wahyudi Wahyudi, Iqmal Wahyudin Wahyudin Wijaya, Meliana Esmiralda Yuni Safitri Yuni Safitri Zulfahmi Alwi Zulhikam, Akhmad