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Model Model Strategi Financial Bootstrapping: Kunci Keberlanjutan UMKM Ekonomi Kreatif di Solo Raya pada Sub Sektor Kerajinan Rafiq Arkana Amir; Liana Mangifera
Permana : Jurnal Perpajakan, Manajemen, dan Akuntansi Vol. 16 No. 2 (2024): Special Issue
Publisher : Faculty of Economics and Business, University of Pancasakti Tegal

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24905/permana.v16i2.606

Abstract

Penelitian ini bertujuan untuk menganalisis pengaruh strategi financial bootstrapping terhadap keberlanjutan Usaha Mikro, Kecil, dan Menengah (UMKM) di sub-sektor kerajinan ekonomi kreatif di Solo Raya. Penelitian ini menggunakan metode kualitatif dengan pendekatan studi kasus, melibatkan wawancara mendalam dan observasi terhadap pelaku UMKM di wilayah Solo Raya, meliputi Surakarta, Boyolali, Sukoharjo, Karanganyar, Sragen, dan Klaten. Temuan penelitian menunjukkan bahwa strategi financial bootstrapping, seperti pembayaran penuh di awal, pemanfaatan peralatan bersama, dan penggunaan peralatan bekas, secara signifikan mendukung keberlanjutan usaha dengan meningkatkan likuiditas, efisiensi operasional, dan fleksibilitas pengelolaan sumber daya. Namun, keterbatasan dalam strategi ini, seperti potensi rusaknya hubungan dengan pemasok dan tantangan akses pasar, memerlukan pengelolaan yang cermat. Studi ini memberikan kontribusi orisinal dengan memadukan financial bootstrapping dan model ekonomi kreatif sebagai pendekatan strategis untuk memperkuat daya saing UMKM, khususnya di Solo Raya. Implikasinya, penelitian ini mendorong pelaku usaha dan pemerintah untuk mengadopsi strategi inovatif dalam mendukung keberlanjutan UMKM di era globalisasi yang kompetitif.
AKSELERASI KINERJA UMKM: PERAN STRATEGIS FINANCIAL LITERACY DI ERA DIGITAL Shanti, Elena Rista Kurnia; Mangifera, Liana
JURNAL LENTERA BISNIS Vol. 15 No. 1 (2026): JURNAL LENTERA BISNIS, JANUARI 2026
Publisher : POLITEKNIK LP3I JAKARTA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34127/jrlab.v15i1.2023

Abstract

The decline in the number of active MSMEs in Boyolali Regency indicates obstacles in business performance, thus requiring financial literacy in the use of fintech and financial behaviour to improve MSME performance in a sustainable manner. The purpose of this study is to analyse the role of financial literacy in mediating the influence of financial behaviour and financial technology on SME performance in Boyolali Regency, with financial literacy as the mediator. This study uses a quantitative approach and primary data was collected from 140 SME actors through a questionnaire distributed using purposive sampling techniques. Data analysis was conducted using the PLS-SEM method. The research findings indicate that financial behaviour and financial literacy have a significant positive effect on MSME performance, while financial technology has a significant negative effect. Financial behaviour and financial technology have a significant positive effect on financial literacy. Furthermore, the effect of financial behaviour on MSME performance is partially mediated by financial literacy, while the effect of financial technology on MSME performance is fully mediated by financial literacy. It is hoped that these findings will enrich our understanding of how financial behaviour, financial technology and financial literacy influence the performance of MSMEs, and contribute fully to MSME actors and stakeholders in designing financial management strategies and policies for the sustainability of MSME performance.
Determinan Financial Management Behavior pada UMKM di Surakarta: Pendekatan PLS-SEM Sambayu, Indika; Mangifera, Liana
Jesya (Jurnal Ekonomi dan Ekonomi Syariah) Vol 9 No 1 (2026): Artikel Riset Januari 2026
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi Al-Washliyah Sibolga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36778/jesya.v9i1.2536

Abstract

Pesatnya perkembangan layanan keuangan digital di Indonesia yang disertai meningkatnya risiko pinjaman online ilegal menunjukkan masih lemahnya financial management behavior pelaku UMKM. Meskipun berbagai penelitian telah mengkaji faktor-faktor yang memengaruhi perilaku tersebut, temuan empiris terkait peran financial literacy, financial attitude, love of money, dan locus of control masih menunjukkan hasil yang inkonsisten, sehingga menimbulkan research gap. Penelitian ini bertujuan untuk menganalisis pengaruh financial literacy, financial attitude, love of money, dan locus of control terhadap financial management behavior pelaku UMKM di Kota Surakarta. Penelitian ini menggunakan pendekatan kuantitatif dengan desain explanatory research. Data dikumpulkan melalui kuesioner terstruktur yang disebarkan kepada pelaku UMKM sektor manufaktur di Kota Surakarta menggunakan teknik purposive sampling. Analisis data dilakukan dengan metode Partial Least Squares–Structural Equation Modeling (PLS-SEM) menggunakan SmartPLS 4.0. Hasil penelitian menunjukkan bahwa financial literacy (β = 0,388; p < 0,05), financial attitude (β = 0,405; p < 0,05), love of money (β = 0,344; p < 0,05), dan locus of control (β = 0,285; p < 0,05) berpengaruh positif dan signifikan terhadap financial management behavior. Model penelitian mampu menjelaskan 53,5% variasi financial management behavior (R² = 0,535). Penelitian ini berkontribusi dalam memperkuat pemahaman perilaku keuangan UMKM melalui integrasi faktor kognitif, sikap, motivasi, dan keyakinan psikologis.
PENDAMPINGAN PENYUSUNAN LAPORAN KEUANGAN PADA MINIMARKET LOKAL KOTA SURAKARTA Mangifera, Liana; Wardana, Candra Kusuma; Maharani, Nova Azaria; Lisnawati, Lisnawati; Indrajaya, Ahmad Irfan
JMM (Jurnal Masyarakat Mandiri) Vol 8, No 4 (2024): Agustus
Publisher : Universitas Muhammadiyah Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31764/jmm.v8i4.25376

Abstract

Abstrak: Penyusunan laporan keuangan menjadi salah satu aspek yang krusial dalam pengelolaan bisnis. Sayangnya, masih terdapat banyak toko ritel di Indonesia yang belum mampu melakukan pencatatan hingga pelaporan keuangan. Tujuan dari kegiatan pengabdian ini adalah untuk meningkatkan kemampuan berupa hardskill dalam melakukan pencatatan dan pelaporan keuangan. Mitra pengabdian adalah karyawan Toko Surya Mart yang berjumlah 2 orang. Toko Surya Mart merupakan toko ritel modern yang terletak di Desa Pajang, Kota Surakarta. Pelaksanaan pengabdian ini sendiri melibatkan dosen dan mahasiswa Universitas Muhammadiyah Surakarta. Metode pengabdian dibagi menjadi tiga tahapan yaitu: (1) tahap pembuatan format Microsoft Excel ter-otomasi; (2) tahap pelatihan pencatatan dan pembuatan laporan keuangan; dan (3) tahap pendampingan pengelolaan usaha. Evaluasi dilakukan melalui diskusi tanya jawab dan penyebaran kuesioner pre-test dan post-test dengan metode rata-rata perbandingan. Hasil evaluasi menunjukkan rata-rata peningkatan pengetahuan peserta sebanyak dari kegiatan ini yaitu meningkatnya pemahaman mitra terkait pencatatan dan pelaporan keuangan sebanyak 32,14 persen. Selain itu mitra juga telah mampu membuat laporan keuangan bulanan dan tahunan menggunakan Microsoft Excell.Abstract: The preparation of financial reports is one of the crucial aspects of business management. Unfortunately, there are still many retail stores in Indonesia that have not been able to carry out financial recording and reporting. The purpose of this service activity is to improve the ability in the form of hard skills in conducting financial records and reporting. The service partners are 2 employees of Toko Surya Mart. Toko Surya Mart is a modern retail store located in Pajang Village, Surakarta City. The implementation of this service itself involves lecturers and students of Universitas Muhammadiyah Surakarta. The service method is divided into three stages, namely: (1) the stage of making an automated Microsoft Excel format; (2) the stage of training in recording and making financial reports; and (3) the stage of business management assistance. Evaluation was carried out through questions and answers discussions and distributing pre-test and post-test questionnaires with the average comparison method. The evaluation results showed an average increase in participant knowledge as much as from this activity, namely an increase in partner understanding related to financial recording and reporting by 32.14 per cent. In addition, partners have also been able to make monthly and annual financial reports using Microsoft Excell. 
MODEL PENGUATAN KELEMBAGAAN USAHA MIKRO DAN KECIL UNTUK PENGENTASAN KEMISKINAN: (STUDI KASUS DI KABUPATEN SRAGEN) Isa, Muzakar; Mangifera, Liana; Praswati, Aflit Nuryulia; Sina, Helmia Khalifa; Wahyudi, Agus; Suwondo, Agus; Kurniawan, Wawan
Jurnal Kebijakan Pembangunan Daerah Vol 7 No 1 (2023): Juni 2023
Publisher : Badan Perencanaan Pembangunan Daerah Provinsi Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56945/jkpd.v7i1.221

Abstract

Micro and small businesses have an important role in alleviating community poverty at the village level. This study aims to identify the potential and problems of micro and small enterprises, formulate strategies for developing micro and small enterprises, and develop models for strengthening business institutions for poverty alleviation at the village level. This research use desciptive qualitative approach. The research was conducted in Sragen Regency, Central Java Province. Sragen Regency has 51 poor villages, 208 kelurahan/village. This study uses primary data obtained from structured interviews and FGDs. Structural interviews were conducted with micro and small business actors in poor villages to obtain in-depth results. FGDs were conducted with Village Leaders, Community Leaders, District Leaders, and regional organozation regarding the development of micro and small businesses in Sragen Regency. Data analysis used descriptive analysis and content analysis. The results of the analysis show that poor villages in Sragen Regency have various potentials that can be developed as natural tourism villages and pre-employment villages. The strategy for developing micro and small businesses in poor villages can be carried out through increasing the promotion of tourism destinations as well as developing a creative economy and developing tourist area amenitie; increasing the production and marketing of micro and small enterprises; and increased production and productivity of the agricultural and fishery and animal husbandry sectors. The model for developing micro and small businesses in poor villages should be carried out through strong institutional strengthening involving all relevant stakeholders, namely universities, local governments, business actors, associations/societies, and community leaders.
Daya Tarik Eiger: Kombinasi Display Menawan dan Pelayanan Berkualitas Membuat Konsumen Ingin Kembali Lagi Irsyad Razan Halim; Mangifera, Liana
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 6 No. 1 (2025): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v6i1.6653

Abstract

Research is essential to understanding the influence of brand image, store image, and perceived quality on consumers' repurchase intentions, with perceived value as a mediating variable. A quantitative approach was employed using a survey with structured questionnaires administered to 140 respondents in Surakarta who had previously purchased Eiger products from offline stores. The data were analyzed using the SmartPLS method, including validity and reliability testing, as well as structural model analysis. The research revealed that consumers' repurchase intentions are significantly influenced by positive perceptions of brand image, store image, perceived quality, and perceived value. Moreover, perceived value acts as a mediator that strengthens the relationships between these factors and repurchase intentions. These findings highlight the importance of focusing on brand image, store image, and product quality to encourage increased consumer repurchase intentions. This study is limited to the geographical scope and offline stores; therefore, future research is recommended to expand the geographical coverage and consider other factors, such as price and promotions.
An Event Study on Market Reactions to Merger and Acquisition Announcements in Indonesia’s Energy and Telecommunication Sectors Syarifatun Khafifah; Liana Mangifera
Jurnal Economic Resource Vol. 9 No. 1 (2026): October - March
Publisher : Fakultas Ekonomi & Bisnis Universitas Muslim Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57178/jer.v9i1.2319

Abstract

This research investigates market responses to merger and acquisition (M&A) announcements in the energy and telecommunications sectors listed on the Indonesia Stock Exchange, using an event study methodology. Abnormal returns are the primary metric for gauging market reaction, calculated using the market model, with the Jakarta Composite Index as the benchmark. The analysis examines several observation periods, including 30- and 60-day timeframes following the announcement, as well as cumulative reactions throughout the event window and discrepancies before and after the announcement date. The results indicate that M&A announcements lead to notable abnormal returns within 30 days and near the announcement date, suggesting short-term and aggregate market effects. Conversely, no significant abnormal returns are detected over the 60 days, and no substantial differences emerge between the pre- and post-announcement phases, implying swift information absorption by the market. These findings corroborate signaling theory and broadly align with the semi-strong form of the efficient market hypothesis, while also emphasizing varied investor responses across timeframes.
Profitabilitas Sebagai Kunci Peningkatan Nilai Perusahaan: Peran Enterprise Risk Management Dan Corporate Social Responsibility Mizan Bagustian; Liana Mangifera
Management Studies and Entrepreneurship Journal (MSEJ) Vol. 7 No. 4 (2026): Management Studies and Entrepreneurship Journal (MSEJ)
Publisher : Yayasan Pendidikan Riset dan Pengembangan Intelektual (YRPI)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37385/msej.v7i4.10880

Abstract

Studi menyelidiki peran mediasi profitabilitas terhadap dampak Enterprise Risk Management (ERM) dan Corporate Social Responsibility (CSR) pada nilai perusahaan di sektor teknologi dan energi yang listing di Bursa Efek Indonesia (2021–2024). Studi mengadopsi metode kuantitatif berbasis data sekunder yang didapati dari annual report serta laporan keuangan emiten terkait. Pemilihan sampel ditentukan purposive sampling, Dimana terpilih 50 perusahaan dan 200 observasi. Data dianalisis melalui Partial Least Squares-Structural Equation Modeling (PLS-SEM) berbasis SmartPLS 4. Analisis menyimpulkan bahwa ERM berpengaruh positif dan signifikan pada profitabilitas, namun negatif dan signifikan pada nilai perusahaan. CSR berpengaruh positif signifikan terhadap keduanya. Profitabilitas berpengaruh positif signifikan terhadap nilai perusahaan serta memediasi pengaruh dari ERM dan CSR. Penemuan ini memperkuat signifikansi profitabilitas dalam mempertinggi nilai perusahaan melalui optimalisasi kinerja keuangan, efisiensi operasional, dan respons investor terhadap informasi risiko serta tanggung jawab sosial perusahaan secara berkelanjutan optimal.
PERAN GREEN AWARENESS DALAM MEMEDIASI GREEN MARKETING TERHADAP GREEN REPURCHASE INTENTION Ilham Cahyo Triwibowo; Liana Mangifera
Jurnal Ekonomika: Manajemen, Akuntansi, dan Perbankan Syari'ah Vol. 13 No. 1 (2024): Maret
Publisher : Economic Faculty, University of Widya Gama Mahakam Samarinda

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24903/je.v13i1.2701

Abstract

The purpose of this study was to analyze the role of green awareness in mediating green marketing on green repurchase intention. The method used in this research is a quantitative method with 153 respondents. The population in this study is the general public of Indonesia. The sampling technique used is purposive sampling, the data used is promer data obtained through respondents' answers using a closed type interview or questionnaire. The data analysis technique in this study uses Partial Least Square (PLS) using the help of SMARTPLS Software PLS-SEM analysis consists of two Outer model and Inner model. The results of this study indicate that green awaereness is able to mediate the relationship between green brand attachment and green brand trust on repurchase intention but green awaereness is not able to mediate the relationship between green brand image on repurchase intention. This means that even though the green brand image increases, it does not necessarily affect consumer decisions to make repeat purchases.
Mengupas Pengaruh E-Wom pada Niat Beli Produk Somethinc di Kalangan Gen Z Surakarta: Peran Kualitas dan Nilai yang Dirasakan Arini Larasati Moqhtar Putri; Liana Mangifera
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 7 No. 1 (2025): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v7i1.6637

Abstract

This research is essential to understanding the influence of electronic communication on Generation Z’s purchasing decisions for beauty products. The study aims to analyze the impact of Electronic Word of Mouth (E-WOM) on the purchase intention of Generation Z in Surakarta, individuals born between 1997 and 2012, specifically for Somethinc products. A quantitative approach was employed, with data collected through questionnaires distributed to 147 respondents. The data was analyzed using multiple linear regression with the help of SmartPLS. The findings indicate that perceived quality is positively influenced by the quantity of E-WOM, while perceived value is not significantly affected. Both perceived quality and perceived value act as mediators in the research model. Meanwhile, the quality and valence of E-WOM significantly and positively affect both variables as well as purchase intention. Perceived quality is proven to mediate the relationship between E-WOM and purchase intention, whereas perceived value does not function as a mediator. These findings suggest that improving the quality and valence of E-WOM can enhance trust and purchase intention among Generation Z. However, the study has limitations regarding the perceived value variable, which does not serve as a mediator, and the limited availability of relevant journal sources. Future research is encouraged to expand the sample scope and deepen the analysis of the perceived value variable to achieve more comprehensive results.
Co-Authors A.A. Ketut Agung Cahyawan W Adellia Putriani Adinugroho, Hendi Yudhanto Afif Faishal Aflit Nuryulia Pramesti Aflit Nuryulia Pramesti, Aflit Nuryulia Aflit Nuryulia Praswati Agus Suwondo Agus Suwondo Agus Wahyudi Agus Wahyudi Ahmad Baehaqi, Ahmad Ahmad Mardalis Aisyah Dani Hanifah Ajie, Anjani Bharata Ali Zainal Abidin Amalia, Farah Anafih, Erwinda Sam Andriani, Meta Anindyastri, Ranty Anjani Bharata Ajie Apriani, Delfi Dwi Arini Larasati Moqhtar Putri Aulia Uswatun Khasanah Budhiawan, Muhhamad Arif Calista Amelia Salsabila Calista Amelia Salsabilla Candra Kusuma Wardana Candra Kusuma Wardana, Candra Kusuma Damayanti, Silvianita Daniarta, Firdaus Delfi Dwi Apriani Delfi Dwi Apriani Delfi Dwi Apriani Diah Ayu Martiningsih Diah Ayu Martiningsih Dian Ardifah Iswari Dyaz Surya Ananta Elma, Tazida Berliana Fauzul Hanif Noor Athief Fida Nur Rahma Fida Nur Rahma Gilang Febiano Helmia Khalifa Sina Humaira, L”aisya Layun Ilham Cahyo Triwibowo Imronudin Imronudin Indrajaya, Ahmad Irfan Irfan Miftahul Fauzi Irsyad Razan Halim Jumadi, Jowasrian Keisya Novadila Putri Kusuma Wijayanto L. Lisnawati Lestari, Wuryaningsih Listy, Sheila Rizqya M. Farid Wajdi Maharani, Nova Azaria Marchelia Puspita Sari Marita, Rilo Fajar Maritha, Rilo Fajar Martiningsih, Diah Ayu Mega Wahyu Widawati Mitoriana Porusia Mizan Bagustian Muhammad Handika Atmajati Muhammad Khoirul Sholikin Muhammad Randhy Kurniawan Muhammad Wahyuddin Muhammad Wahyuddin, Muhammad Muhammad, Rahardian Musalamah, Siti Muzakar Isa Nabila Ayu Wijayanti Nabilah, Nur Haliza Zahra Natashafira Ramadhani Nieldya Nofandrilla Ningsih, Pertiwi Ratna Novel Idris Abas Nur Rahma, Fida Nurwantara, Ma’ruf Pambudi Pertiwi Ratna Ningsih Pertiwi Ratna Ningsih Pertiwi Ratna Ningsih Pratiwi, Diana Ayu Putri Lestari Putri, Sherly Octaviana Putri, Tyas Eka Permata Putri, Vidiyanna Rizal Putriani, Adellia Rafiq Arkana Amir Ramadhan, Rio Rahmat Ranty Anindyastri Ranty Anindyastri Ranty Anindyastri Ratna Wardani Ratnaningsih, Pertiwi Rilo Fajar Maritha Rilo Fajar Maritha Rilo Fajar Maritha Riyas Tri Wijayanti Rizcho Louistama Putra Rizcho Louistama Setyana Putra Rosiana, Adilla Salsabella Putri Sabiila Indra Prameswari Salsabila, Calista Amelia Sambayu, Indika Santosa Pradana Putra Setya Negara Setyana Putra, Rizcho Louistama Shanti, Elena Rista Kurnia Shintya Putri Rohmawati Silvianita Damayanti Sina, Helmia Khalifa Sinta Permatas Sari Siti Aisyah Siti Musalamah Soepatini Suprapto Suprapto Syahrina Noormala Dewi, Syahrina Noormala Syamsudin Syamsudin Syarifatun Khafifah Tamtama, Noviadry Nur Triwibowo, Ilham Cahyo Wachidah Yuniartika Wachidah Yuniartika Wawan Kurniawan Wawan Kurniawan Widada Widada Widyastuti, Cindy Winny Perwithosuci Wiwik Handayani Yohanes Suhardjo Yohanes Suhardjo Yusuf Imammudin Zaenal Abidin Zuan Nun Alea