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Venture vs Investment, Which Type of Financing was more Demanded by Agriculture, Forestry, and Aquaculture Sector? Achmad Nur Iman; Akhmad Kusuma Wardhana; Sulistya Rusgianto; Ririn Tri Ratnasari
Daengku: Journal of Humanities and Social Sciences Innovation Vol. 2 No. 5 (2022)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (438.374 KB) | DOI: 10.35877/454RI.daengku1116

Abstract

COVID-19 creates uncertainty on business. SMEs in Indonesia need to take a loan to survive. Sharia banks could give credit financing based on Islamic law. This study has a purpose to observe if the total value of credit financing issued by sharia bank in Indonesia affects the total financing of agriculture, forestry, and aquaculture sectors. This study uses secondary data taken from ojk.co.id as the sample. The independent variable is credit financing use for capital venture and investment. Dependent variables are the total financing in the agricultural, forestry, and aquaculture sectors. Data is analyzed using the linear regression method. The data of each variable was also tested using a T-test to analyze if there were significant changes during the COVID-19 pandemic. Result showed that financing of capital venture has a moderate impact on the total of credit financing for agriculture and forestry sector, while investment is none. Moreover, the COVID-19 pandemic has no effect in changing the number of credits issued by sharia banks nor credit received by agriculture, forestry, and aquaculture sectors. Sharia bank implemented two pillars of maqashid, which are the protection of life and wealth in issuing credit financing. The total of credit issued by sharia banks in Indonesia affected Agriculture & forestry sectors for capital, but not for investment. Sharia bank implemented two pillars of maqashid, which are the protection of life and wealth in issuing credit financing
Islamic Banking Financial Inclusion and Tax Revenue in OIC Countries: To What Extent do They Correlate? Muhammad Alan Nur; Annisa Rahma Febriyanti; Sulistya Rusgianto; Sri Herianingrum
Shirkah: Journal of Economics and Business Vol 7, No 3 (2022)
Publisher : IAIN Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/shirkah.v7i3.498

Abstract

Tax revenue of Organization of Islamic Cooperation (henceforth OIC) countries has not reached the global average, and so has the financial inclusion. Notwithstanding this fact, few researchers have addressed the effect of financial inclusion on tax revenue in the context of Islamic finance while it is undeniably having significant connection to the real sector. Drawing on this crucial issue, the present study calls into the possible effect of Islamic banking financial inclusion on tax revenue in eleven countries of OIC membership consisting of Indonesia, Jordan, Kazakhstan, Kuwait, Malaysia, Nigeria, Oman, Pakistan, Saudi Arabia, Turkey, and the United Arab Emirates in the period of 2013 to 2019. The data were analyzed under the procedure of panel data regression using fixed effect model. The result depicted that Islamic banking financial inclusion, in terms of financial access and financial usage, had no significant effect on tax revenue of the OIC countries. This result is reasonable, since Islamic banking financial inclusion still requires massive promotion particularly by the OIC countries included in this study.  Hence, this study leaves an implication for OIC countries to foster Islamic banking financial inclusion as a crucial effort to increase the tax revenue, in which Islamic banks play a promising role for sharia-compliance-based financial transactions in the recent years.
You’ve Over the Line! Muslim Consumers are Resistant to Opposite Brand Values Firdan Thoriq Faza; Yan Putra Timur; Lu'liyatul Mutmainah; Sulistya Rusgianto
Shirkah: Journal of Economics and Business Vol 7, No 3 (2022)
Publisher : IAIN Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/shirkah.v7i3.529

Abstract

The consumer's antagonistic behavior towards brands is hotly discussed because of the political issues it carries. However, factors affecting Muslim consumers to reject a product still requires more paucity of empirical evidence. The current study casts the light on antecedent factors that influence Muslim consumers to reject a product, and on a pattern between the reasons for refusal and the intention to boycott a brand. The online survey was able to reach 450 respondents from the Muslim community. This paper uses scenarios from confirmed cases of Muslim consumer boycotts against Unilever brands in Indonesia. Using the snowball-sampling technique, many of the respondents were from the educated young urban Muslim community. The model was tested using partial least squares-structural equation modeling (PLS-SEM). Moreover, the interaction moderation technique was applied to examine the effect of moderators on the structural model. The results showed that brand hate fully mediates all variables except symbolic incongruity. The results further revealed that brand hate is a construct with three first-order formative triggers (religious animosity, ideological incompatibility, and subjective norms). In addition, this study theoretically contributes to providing clear delineation that brand hate is a dichotomous concept consisting of the dimensions of intention to boycott (intention to incite, intention to avoid, and intention to punish).
Pengaruh IPM, Investasi, dan UMP terhadap Tingkat Pengangguran Terbuka di Jawa Timur Tahun 2013-2020 Lailatul Qamariyah; Olga Mardianita W.P; Sulistya Rusgianto
OECONOMICUS Journal of Economics Vol. 7 No. 1 (2022): (December) edisi 13
Publisher : Program Studi Ilmu Ekonomi UIN Sunan Ampel Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15642/oje.2022.7.1.1-15

Abstract

Economic development is an effort to improve people's living standards through expanding job opportunities and directing the distribution of income evenly. However, in reality there are still many problems that occur, especially in unemployment. The purpose of this study was to determine the effect of the variable Human Development Index, Investment, and Provincial Minimum Wage on the open unemployment rate in East Java in 2013-2020. The method used in this study is a quantitative method with multiple linear regression analysis model. The data used are secondary data obtained from BPS. This study shows that the HDI and Investment variables have a positive influence on the open unemployment rate. However, the UMP variable has a negative effect on the open unemployment rate in East Java in 2013-2020. This study contributes to the existing literature that it is not always the HDI, Investment, and UMP variables that can affect the open unemployment rate which can hinder economic growth.  
The Relationship Between Macroeconomics Variables and Islamic Stock Market Returns Listed in Indonesian Islamic Stock Index Widyan Apriliska Fajri; Devita Alliv Nurdiana; Sulistya Rusgianto
Journal of Islamic Economics Lariba Vol. 6 No. 2 (2020)
Publisher : Department of Islamic Economics, Islamic University of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

ABSTRACT:The aim of this paper is to explore the extent to which macroeconomic variables affect the Islamic stock market behavior in Indonesia between Oct 2014 until the end of 2019. The paper uses the latest estimation technique of Autoregressive Distributed Lag (ARDL) model approach to cointegration. The data used is secondary data by collecting data from the official websites of Bank Indonesia, BPS, IDX, and Indopremier. The results suggest that GDP, interbank interest rates, IHSG seem to be suitable targets for the government to focus on in short-term. As for long-term, the GDP and IHSG significantly influence the Islamic stock market return, and that's the targets for the government to focus in order to stabilize the Islamic stock market and to encourage more capital flows into the market.Keywords: Islam, Stock Market, Macroeconomics, Indonesia
Aplikasi Pencatatan Keuangan Online dan Diversifikasi Produk Kelompok Usaha Ibu Rumah Tangga di Desa Ploso Kecamatan Mojo Kabupaten Kediri Sri Herianingrum; Meri Indri Hapsari; Sulistya Rusgianto
I-Com: Indonesian Community Journal Vol 3 No 1 (2023): I-Com: Indonesian Community Journal (Maret 2023)
Publisher : Fakultas Sains Dan Teknologi, Universitas Raden Rahmat Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (387.183 KB) | DOI: 10.33379/icom.v3i1.2052

Abstract

Desa Ploso terletak di Kecamatan Mojo Kabupaten Kediri provinsi Jawa Timur. Di desa ini terdapat kelompok ibu rumah tangga Jama’ah pengajian yang memiliki permasalahan pokok, diantaranya dalam kasus ini adalah pertama masih kurang paham tentang pencatatan keuangan rumah tangga secara online, adanya kurang produktif dalam akitivitas kesehariaanya ketiga tentang rendahnya pengetahuan pemasaran digital. Dengan metode studi kasus pada kelompok Ibu-ibu Jama’ah Pengajian, dalam pengabdian masyarakat ini, solusi yang akan dibahas dalam paper adalah diversitas produk untuk meningkatkan harga jual, kemudian e-marketing dan pemberian wawasan untuk pencatatan laporan keuangan. Adapun hasil dalam  pengabdian masyarakat ini adalah Kelompok Ibu-Ibu Rumah Tangga Jama’ah Pengajian di Desa Ploso mampu meningkatkan wawasan sumber daya manusianya dan siap untuk melakukan diveristas produk, serta mampu menggunakan aplikasi e-marketing.
Kontribusi Instrumen Moneter Syariah dan Konvensional Terhadap Inflasi di Negara OKI Eka Puspa Dewi; Nadira Rahmandani; Sulistya Rusgianto
Jurnal Riset Akuntansi dan Keuangan Vol 11, No 1 (2023): Jurnal Riset Akuntansi dan Keuangan. April 2023 [DOAJ dan SINTA Indexed]
Publisher : Program Studi Akuntansi FPEB UPI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/jrak.v11i1.46748

Abstract

This study aims to determine the impact of Open Market Operation Sharia (OMOS), Open Market Operation Conventional (OMOC), and Interest Rates on inflation in OIC countries. This study employed a quantitative approach to the panel data technique. From 2012q2 to 2021q4, the sampled nations were Indonesia, Malaysia, Bahrain, and Pakistan. Using the Chow Test and the Hausman Test, the best models were chosen. The findings indicated that OMOS has a negative but insignificant impact on inflation. OMOC has a substantial negative impact on inflation. Consequently, interest rates have a substantial positive effect on inflation. This study can help central banks evaluate OMOS, OMOC, and interest rates to control inflation. Economic research on OMOS and inflation is limited. Researchers discovered that few previous studies discuss OMOS specifically. This study, therefore, seeks to fill in the gap.
Short-Term and Long-Term Causality of the Tourism Sector on Economic Growth of OIC Member Countries Putri Rizka Citaningati; Inayah Rahman; Sulistya Rusgianto; Kamaluddin Kamaluddin
Ijtimā iyya Journal of Muslim Society Research Vol. 8 No. 1 (2023)
Publisher : Postgraduate Program, State Islamic University Prof. K.H. Saifuddin Zuhri Purwokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24090/ijtimaiyya.v7i2.6992

Abstract

Tourism is one of the sectors affected by the Covid-19 pandemic, due to the implementation of lockdowns and social distancing in various countries around the world. Likewise with the countries that are members of the OIC. The pandemic that has hit since the end of 2019 has reduced the number of domestic and foreign tourists traveling to various tourist attractions, both domestically and abroad. This of course has an impact on slower economic growth. Therefore, using the variables of the tourism sector, inflation, foreign direct investment, and economic growth, this study aims to explain the causality of the Covid-19 pandemic on the tourism sector and the economic growth of OIC member countries. This study uses the P-VECM analysis technique to determine the short-term and long-term effects of the variables used. The results of this study reveal that the tourism sector, inflation, and foreign direct investment have short-term and long-term effects on economic growth.
Determinan Niat untuk Berpartisipasi dalam Wakaf Energi Istiqlal Marwah Eugenia Cascarella; Ivana Rosediana Dewi;  Sulistya Rusgianto
Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol 5 No 5 (2023): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Research and Strategic Studies Center (Pusat Riset dan Kajian Strategis) Fakultas Syariah IAI Nasional Laa Roiba

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (634.778 KB) | DOI: 10.47467/alkharaj.v5i5.3469

Abstract

This study aims to identify the factors that influence the intention to participate in the Istiqlal energy waqf. This study examines the effect of knowledge, and environmental concern on attitude in Istiqlal energy waqf participation. In addition, it examines the effect of the variables in the Theory Planned Behavior on the intention to participate in the Istiqlal energy waqf. The analytical technique used is the Structural Equation Model (SEM) which is operated with AMOS 23 software. The respondents in this study were 200 people representing gen Y and gen Z Muslims in Indonesia aged 18-40 years. The results showed that environmental concern had an effect on attitude and perceived behavioral control had an effect on the intention to participate in Istiqlal energy waqf. Meanwhile, knowledge has no effect on attitude. Attitude and subjective norms were also found to have no effect on the intention to participate in the Istiqlal energy waqf.
Analysis of Energy Consumption and Carbon Emissions in Indonesia Bayu Rahmadi Putra; Sulistya Rusgianto
Jurnal Ekonomi Pembangunan Vol. 21 No. 01 (2023): Jurnal Ekonomi Pembangunan
Publisher : Pusat Pengkajian Ekonomi dan Kebijakan Publik

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22219/jep.v21i01.25337

Abstract

The development process that uses excessive fossil energy in industrial activities impacts increasing carbon emissions in Indonesia. The purpose of this study is to determine how the relationship between energy consumption (EN), economic growth (GDP), carbon emissions (CO2), and human development (HDI) in Indonesia in the Maqashid Syariah review. Using the Vector Error Correction Model (VECM) approach, it is found that in the long run, carbon emissions negatively affect energy consumption. Meanwhile, economic growth and human development positively affect energy consumption. Energy consumption and economic growth positively affect human development in the short term. Meanwhile, carbon emissions hurt HDI, while HDI has a positive effect on carbon emissions. Meanwhile, the Granger causality test results show that HDI has a unidirectional causality relationship with Indonesia's energy consumption, economic growth, and carbon emissions. This result indicates that energy consumption in Indonesia has not provided protection and benefits for the community by Maqashid Sharia, which prioritizes the principle of sustainable development