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The Influence of Inflation And Economic Growth (GDP) on The Stock Prices of Manufacturing Companies in The Jakarta Islamic Index (JII) Sari, Indaniaty Hasanah; Tambunan, Khairina; Harahap, Muhammad Ikhsan
AL-FALAH : Journal of Islamic Economics Vol. 10 No. 1 (2025)
Publisher : Institut Agama Islam Negeri (IAIN) Curup

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29240/alfalah.v10i01.12645

Abstract

Purpose: This study analyses the impact of inflation, economic growth, and previous stock prices on manufacturing companies’ stock prices in the Jakarta Islamic Index (JII). Understanding macroeconomic factors that influence the Islamic capital market, particularly in the context of stock price volatility, is urgent. Design/Method/Approach: The quantitative research method with multiple linear regression analysis. Secondary data were obtained from the Indonesia Stock Exchange (IDX), the Central Bureau of Statistics (BPS), and other online sources, covering the research period from 2021 to 2023. Data analysis was conducted using the E-Views 10 software. Findings: The research results indicate that inflation does not have a significant partial effect on the stock prices of manufacturing companies in the JII. In contrast, economic growth and previous period stock prices have a positive and significant impact. Simultaneously, inflation, economic development, and previous period stock prices influence stock prices in the JII. Originality/Values: These findings highlight that investors must consider various economic factors when making investment decisions.
Pengaruh Inflasi, Jumlah Uang Beredar dan Kurs terhadap Kapitalisasi Pasar Indeks Saham Syariah Indonesia Putri, Amanda Afriza; Harahap, Muhammad Ikhsan; Tambunan, Khairina
Journal of Economics and Management Scienties Volume 7 No. 3, June 2025
Publisher : SAFE-Network

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37034/jems.v7i3.119

Abstract

Pasar modal syariah di Indonesia berkembang seiring dengan meningkatnya minat investor terhadap instrumen keuangan yang sesuai prinsip Islam. Salah satu indikator utama dalam menilai kinerja pasar modal syariah adalah kapitalisasi pasar Indeks Saham Syariah Indonesia (ISSI). Penelitian ini bertujuan untuk menganalisis pengaruh inflasi, jumlah uang beredar (JUB), dan kurs terhadap kapitalisasi pasar ISSI, baik secara parsial maupun simultan, untuk memahami sejauh mana variabel-variabel makroekonomi tersebut memengaruhi dinamika pasar saham syariah di Indonesia. Inflasi, jumlah uang beredar, kurs dan kapitalisasi pasar Indeks Saham Syariah Indonesia menjadi fokus utama penelitian ini. Penelitian ini bersifat kuantitatif dan menggunakan data time series dari OJK dan BPS. Sampel penelitian yang digunakan adalah periode Januari 2016 sampai dengan Maret 2025 sebanyak 39 sampel setelah dilakukan interpolasi data. Software Eviews 10 dan regresi linier berganda digunakan untuk analisis. Hasil penelitian menunjukkan bahwa secara parsial, jumlah uang beredar dan kurs berpengaruh signifikan terhadap kapitalisasi pasar Indeks Saham Syariah Indonesia, sedangkan inflasi tidak berpengaruh signifikan. Secara simultan, inflasi, jumlah uang beredar dan kurs berpengaruh signifikan terhadap kapitalisasi pasar Indeks Saham Syariah Indonesia.
Analisis daya saing nilai ekspor udang beku halal food indonesia ke 5 negara tujuan ekspor dalam perspektif Islam Sholiha, Sintaini Fi; Lubis, Fauzi Arif; Tambunan, Khairina
INOVASI: Jurnal Ekonomi, Keuangan, dan Manajemen Vol. 19 No. 2 (2023): Mei
Publisher : Fakultas Ekonomi dan Bisnis Universitas Mulawarman

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30872/jinv.v19i2.2948

Abstract

Indonesia menjadi salah satu negara pengekspor komoditas perikanan dan menempati peringkat 11 dunia, selain itu juga menguasai pangsa pasar ekspor sebesar 3,2% pada 2021 (atau mencapai USD5,26 miliar).Perdagangan internasional memegang peranan penting dalam mesin pertumbuhan ekonomi suatu negara. Menurut Adam Smith melalui perdagangan, sumber daya dunia dapat digunakan secara efisien dan dapat memaksimumkan kesejahteraan dunia. Udang merupakan komoditas di sektor perikanan yang memiliki kontribusi besar terhadap nilai ekspor Indonesia. Tujuan penelitian ini dilakukan untk mengetahui daya saing ekspor udang beku sebagai makanan halam dalam perspektif islam. Penelitian ini termasuk dalam kuantitatif. Hasil penelitian menunjukkan bahwa daya saing udang beki indonesia di lima negara dipengaruhi oleh jumlah penduduk dan pendapatan perkapita setiap negara
Pengaruh Ekonomi Digital, Investasi dan Dana Zakat Infak Sedekah Terhadap Pertumbuhan Ekonomi di Indonesia Dewi, Risna; Imsar; Tambunan, Khairina
JIEP: Jurnal Ilmu Ekonomi dan Pembangunan Vol. 6 No. 1 (2023)
Publisher : PPJP ULM

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

Abstract

This study aims to see whether there is an influence of the digital economy, Investment, and ZIS funds on economic growth in Indonesia. The dependent variable that is applied is Economic Growth, for the independent variables that are applied are the digital economy, Investment, and ZIS funds. In this study, a multiple linear regression model was used to analyze and use time-series data which was interpolated into monthly data from 2017 to 2021. The data used in this study was secondary data which was completed using the Eviews 10 application. The hypothesis testing results show that partially the digital economy has a significant influence on economic growth in Indonesia, partially, Investment has a significant influence on economic growth in Indonesia, and partially ZIS funds also have a significant influence on economic growth in Indonesia. The digital economy, Investment, and ZIS funds together have an influence on economic growth in Indonesia. This means that the ZIS Digital Economy, Investment, and Fund variables are able to provide an explanation of economic growth in Indonesia.
Analysis of Financial Inclusion in UMKM Medan City: A Review of Sharia Economics Ujung, Asna Ul Husni; Nurbaiti, Nurbaiti; Tambunan, Khairina
Amkop Management Accounting Review (AMAR) Vol. 5 No. 2 (2025): July - December
Publisher : Sekolah Tinggi Ilmu Ekonomi Amkop Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37531/amar.v5i1.2686

Abstract

Financial inclusion is the ability of the community to access various financial institutions, products and services according to the needs and capabilities of the community. The purpose of this study is to analyze the financial inclusion of MSMEs in Medan City related to the obstacles faced in accessing financing from formal financial institutions, analyze the understanding of financial literacy, and the understanding in accessing technology/fintech that can increase financial inclusion. This study uses a qualitative approach with descriptive analysis. The findings of the study show that there are MSMEs in Medan City who have not had access to formal financial services, a basic understanding of financial literacy, and the adoption and optimal use of digital/fintech payment systems are still challenges for MSME actors.
Qualitative Analysis Of The Relationship Between Brand Awareness And Medan City Public Preferences For Momoyo Products Ekry Syahriwanda; Chuzaimah Batubara; Khairina Tambunan
Al-Kharaj: Journal of Islamic Economic and Business Vol. 7 No. 2 (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.v7i2.7324

Abstract

The purpose of this study was to evaluate the level of brand awareness of Momoyo products among Medan City residents. This study measures consumer familiarity and memory of Momoyo products using four main indicators: top of mind, brand recall, brand recognition, and brand ignorance. A qualitative approach with descriptive methodology was used in this study. Data collection was conducted through semi-structured in-depth interviews and supported by documentation. The research subjects consisted of Medan City residents who were selected as informants. The data analysis process was carried out through several stages: data collection, data reduction, data presentation, and drawing conclusions. The results of the study indicate that Momoyo products have achieved a satisfactory level of brand awareness among Medan City residents.
The Influence of E-Money and Shopee Paylater Usage on Impulse Buying Behavior of Febi UINSU Students: A Review of Maqashid Syariah Hanafi Nasution, M Mifta; Sugianto, Sugianto; Tambunan, Khairina
Moneter: Jurnal Keuangan dan Perbankan Vol. 13 No. 2 (2025): JULI
Publisher : Universitas Ibn Khladun Bogor

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

Abstract

The present research focuses on examining, from the perspective of maqashid sharia, the role of e-money usage and Shopee Paylater on the impulse buying tendencies of FEBI UINSU students. A quantitative approach was employed, using purposive sampling to select 60 respondents. This study aims to examine how the use of e-money and Shopee PayLater influences impulse buying behavior among FEBI UINSU students, while also assessing its implications through the lens of maqashid sharia. Data information gathered through surveys was evaluated using multiple linear regression analysis. The study results show that both e-money and Shopee PayLater have a notable effect on students’ impulse buying tendencies. The result is the use of electronic money positively influences the impulsive buying behavior of FEBI UINSU students. The ease of transactions and attractive promotions offered by electronic money platforms encourage unplanned purchases. Similarly, the use of Shopee PayLater also shows a positive impact on impulsive buying, as its discount features and deferred payment options stimulate greater consumer spending. Furthermore, the combined use of e-money and Shopee PayLater significantly increases students’ tendency toward impulsive purchases. From the perspective of maqasid sharia, this behavior can be assessed through five dimensions: protection of property, intellect, life, lineage, and religion. Impulse buying, particularly when excessive, can result in waste and inefficient use of wealth, which contradicts the Islamic principle of prudent financial management. Moreover, such behavior often overlooks rational decision-making, which should form the basis of consumption choices.
Systematic Literature Review: Performance & Development of Creative Economy-Based MSMEs Zidane, Muhammad Raihan; Nawawi, Zuhrinal M; Tambunan, Khairina
Moneter: Jurnal Keuangan dan Perbankan Vol. 13 No. 2 (2025): JULI
Publisher : Universitas Ibn Khladun Bogor

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

Abstract

Micro, Small, and Medium Enterprises (MSMEs) based on the creative economy play a strategic role in driving national economic growth and creating inclusive employment opportunities. However, amid the post-pandemic economic dynamics and accelerated digital transformation, the development of creative MSMEs faces complex structural and cultural challenges. This study aims to identify key barriers and formulate effective development strategies for creative economy-based MSMEs in Indonesia. Utilizing a Systematic Literature Review (SLR) approach, this research reviews and synthesizes 42 relevant academic publications sourced from reputable databases such as Google Scholar, DOAJ, and SINTA. The analysis employed meta-synthesis and content analysis techniques to reveal thematic patterns and relationships between strategic variables. The findings indicate that the primary obstacles include limited access to financing, low levels of digital and entrepreneurial literacy, and inadequate institutional support. Meanwhile, the most effective development strategies encompass business digitalization, entrepreneurship training, multi-stakeholder collaboration, business model innovation, and policy reforms based on intellectual property rights. This study contributes conceptually by mapping thematic strategies for the development of creative MSMEs, while also offering a foundation for formulating more contextual, responsive, and sustainable empowerment policies and practices. The article is expected to serve as a vital reference for scholars, policymakers, and practitioners in promoting the sustainability and competitiveness of creative economy-based MSMEs in Indonesia.
Meninjau Kembali Evolusi Pemasaran Asuransi Syariah: Media Sosial sebagai Katalis Inovatif dalam Menarik Klien Milenial Dewi, Mutiara; Tambunan, Khairina; Nurwani
Jurnal Ilmiah Mahasiswa Raushan Fikr Vol 14 No 2 (2025): Jurnal Ilmiah Mahasiswa Raushan Fikr
Publisher : Lembaga Kajian dan Pemberdayaan Mahasiswa UIN Prof. KH. Saifuddin Zuhri Purwokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24090/jimrf.v14i2.14964

Abstract

This study examines the evolution of digital marketing strategies employed by sharia-compliant insurance providers through social media, with a particular focus on their efficacy in engaging the millennial demographic in Perbaungan City. Adopting a qualitative research design, data were collected via systematic observation of digital content, documentation analysis, and in-depth interviews. Findings indicate that Facebook constitutes the predominant platform through which millennials access information on sharia insurance, accounting for 74.09% of user engagement, followed by TikTok (31.72%) and Instagram (22.14%). The most impactful promotional approaches comprise the deployment of interactive content, strategic collaborations with influencers, and the dissemination of educational yet compelling informational material. Furthermore, millennials display a marked preference for digital endorsements over conventional advertising. In light of these insights, sharia insurance providers are urged to refine and intensify social media–driven marketing strategies to ensure greater relevance, resonance, and alignment with the distinct needs and preferences of the millennial generation
The Influence of Accountability, Transparency, and Internal Control on the Budget Implementation Performance of the Binjai City Regional Government Arnasyah, Indah Dwi; Tambunan, Khairina; Nasution, Yenni Samri Juliati
Journal of Applied Business Administration Vol 9 No 2 (2025): Journal of Applied Business Administration
Publisher : Pusat P2M Politeknik Negeri Batam

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30871/jaba.10654

Abstract

This study aims to examine the impact of accountability, transparency, and internal control on budget management performance. The population consists of four SKPDs (Regional Work Units) in Binjai City, with a sample of 90 respondents. Primary data were collected through questionnaires distributed to respondents, who included department heads, finance heads, and finance staff, with time provided for responses. The sampling method employed was purposive sampling, resulting in 90 respondents. The analysis utilized multiple linear regression with SPSS (Statistical Product and Service Solutions) version 25.0. The findings indicate that accountability, transparency, and internal control each have a positive effect on budget management performance in local government. These results support all the hypotheses formulated in the study.
Co-Authors ,., Nurbaiti Achmad Al Hafiz Lubis Achmad Al Hafiz Lubis ADELIA Agna Sabrina Agung Wibowo Ahmad Firdaus Lingga Ahmad Perdana Indra Aidila Syafitri Ainun Ningsih, Nur Ainun Reska Ainun, Sri Akbar, Amin Ali Djamhuri Ali Mahadi Ritonga Alviansha, Alwi Amanda, Feby Aulia Ananda, Muhammad Risqi Andri Soemitra Andri Soemitra Andri Widiani Anisah Salsabila Nasution Anni Zuhro Syafrida Hasibuan Annisa Ulul Azmi Panjaitan Annisa Ulul Azmi Panjaitan Anriza Witi Nasution Antin Kurnyasih Aqwa Naser Daulay Ardina Khoirunnisa Harahap Arifin Fauzi Lubis Arnasyah, Indah Dwi Asmiannur, Asmiannur Astri, Yulita Athifa Radella tabina Atika Atika Aula Maulidah Auliya Ahmad Suhardi Aumalia Hanipah Avina Br Purba, Marissa Ayuni Syafitri Ayuni Syafitri Azhari Akmal Tarigan Azhari, Farah Indah Bako, Risma Wati Boangmanalu, Farida Hanum Bona Darwisah Pohan Chadiza Auliana Utami Chuzaimah Batubara Chuzaimah Batubara Chuzaimah Batubara, Chuzaimah Cindy Anggreni Cintia Indriyani Daryan Muhsin Hadi Batubara Deni Dharmawansyah Denny Permana Siregar Dewi, Risna Dian April Yani Dimas Surya Dinda Anisa Dinda Maysaroh Dinda Putri Agelia Dinda Rizqa Aulia Dinda Rizqa Aulia Dorlan Habibi Dwi Yanti Sahriana Early Ridho Kismawadi Edji, Syahdani Nazwa Efrianda Hutabarat, M. Rafiq Egi Regi Prayoga Egi Regi Prayoga Ekry Syahriwanda Enjeli Erwin Fitrah Jauhari Eza Okhy Awalia Br Nasution Fadhila Rahma, Tri Inda Fadhillah, Afrahul Fadillah Ramadhani Siregar Fahmi, Faisal Fahmi, Teguh Fahmil Fadillah Faizah Hasibuan Fany Renaldy Harahap Fauzan Najib Faza Halillah Feby Aulya Wardani Fika Nurtivanny Fitra Ilham Ramadhan Fitri Adinda Pasaribu Fitriyani Franaya Al Arfa Franaya Al Arfa Franaya Al Arfa Ganis Filma Afilika Ghilman Rozy Hrp Ginting, Siti Nurhasanah Br Gunawan Prasetio Habibah Shobri Hafiza Putri Barus Haliza Jewina Hanafi Nasution, M Mifta Harahap, Bagus Hermansyah Harahap, Muhammad Ikhsan Harahap, Syarah Nurul Fhadhilah Hasanah, Sri Nurul Hasibuan, Siti Rama Hasibuan, Winda Khairani Hasriyati Hanum Siregar Hawanda, Maisyah Hawari, Habil Mirza Hendra Harmain Hendra Harmain Heri Kurniawan Hidayani, Sandra Hidayat Nasution, Mustafa Hilma Kholilah Lubis Hilman Hanif Hotbin Husugian Husnul Khotimah Nasution Hutabarat, Siti Lutfia Ihsan Alfi Lubis Ilfi Rayuarfika Siregar Imsar Imsar Imsar Imsar, Imsar Indah Permata Sari Indradewa, Rhian Inggit Eka Saputri Inna Insana IrawanLubis, Muhammad Fahri Irma Rahmawani Panjaitan Irsan Al Fadhil Nasution Isnaini Harahap Jannah, Nurul Jodi Syahputra Jodi Syahputra Juliana Nasution Juliati Nasution, Yenni Samri Kamilah, Kamilah Khafifah Parawansa Khairul Hasanah Khairunnisa Khairunnisa Khalya Maya Amalia Khofifah Sari hasibuan Khoirul Ardani Manurung Laiyinna Misqha Efendi Laiyinna Misqha Efendi Laylan Syafina Listika Putri Lestari Nasution Lubis, Melisa Lubis, Mutiara Suci Kesuma M Luthfi Perdana Siregar M Nawawi, Zuhrinal M Rayhan Kamil M. Putra Abdul Rozak Barus M. Ridwan M.E.I Arfan Tanjung M.E.I Arfan Tanjung Maidalena Maidalena, Maidalena Manullang, Adinda Syariana Dewi Marliyah Marliyah Marliyah, M. Marpaung, Taufik Arnanda Maryam Batubara Maryam Batubara Maulida Qadisyah Maya Oktavia Dalimunthe Maysaroh, Dinda Meutia Maulida Rahma Mhd Faisal Anwar Afandi Rambe Miftahul Husna Hutapea Milia Ningrum, Eka Minda Agustina Muhammad Al Giffary Muhammad Alwi Setiawan Muhammad Arif Muhammad Azy Rahmanda Lubis Muhammad Farhan zuhdi Muhammad Fawwaz Eljawahir Hsb Muhammad Fawwaz Eljawahir Hsb Muhammad Hasan Asy Ary Muhammad Ikhwanda Nawawi Muhammad Ilzam Harahap Muhammad Imam Daei Muhammad Lathief Ilhamy Nasution MUHAMMAD MUSTHOFA Muhammad Raihan Muhammad Sandi Muhammad Yafiz Mustapa  Khamal  Rokan Mustika Ayu Anggreini Mustika Ayu Anggreini Muthia Aisyah Mutiara Dewi, Mutiara Naili Nuril Aufa Manik Naser Daulay, Aqwa Nasution, Dwi Rizki Nabila Nasution, Wahyuni Br. Nasyah Aurin Nawawi, Muhammad Ikhwanda Nawawi, Muhammad Ikhwanda Nazwa Aurelia Sinaga NIKITA ZULYAN BATUBARA Ningsih, Anggi Aditiya Niza Utami Novita Hannum Harahap Novita Sari NUR AHMADI BI RAHMANI Nur Syafikah Lubis Nurbaiti , Nurbaiti Nurbaiti ,. Nurbaiti Nurbaiti Nuri Aslami Nurlaila Nurlaila Nurlaila Nurlatifah Manurung Nurul Aflah Harahap Nurwani Nurwani Nurwijayanti Pane, Jihan Atiqah Panyusunan, Raja permatasari, putri dwi Pina Wardani Purnama Ramadani Silalahi Purnama Ramadhani Silalahi Purnama Ramadhani Silalahi putri, amanda afriza Qadisyah, Maulida Rafi Husin Harahap Rafika Afifah Angkat Rafika Ananda Putri Rafika Azwina Rahayu, Dwi Rani Rahmad Riho Zeen Rahmadhana, Efri Rahmani, Nurahmadi Bi Rahmi Syahriza Raihani Azzahra Aljune Raisa Muthia Syahrani Hasibuan Rani Alfiani Rendi Setiawan Purba Reni Ilma Sari Repa Jimmy Siregar Ridwan, Aldy Rifki Ismal Risfa Dwi Andini Risma Warti Risna Ina Dewi Ritonga, Rizka Sabila Riza Saharah Piliyang Rizki Harnita Rizkika Yulika Rizky Febrian Saragih Rofilla Salsabila Rohimah, Laili Roren, Yeli Salsabila, Rofilla Salwa Fadhilah Haya Santry Fadhilah Harahap Saparuddin Siregar Sari, Indaniaty Hasanah Satria Abdillah Ilman Seli Sasmita Shabrina Azzahra Sholiha, Sintaini Fi Sinaga, Nazwa Aurelia Siregar, Risma Haryani Siti Aisyah Siti Aisyah Siti Amrina Hasibuan Siti Bejana Siagian Sitohang, Misbah Sofiyah Montase Siregar Sri Rezeki Sri Sudiarti sri sudiarti Sugianto Sugianto Sugianto Sugianto Sugianto Sugianto Surya Alfi Nurrahma Suryadi Syabatullah Suryani Suryani Susana Paixão-Barradas Syahla, Nurul Tanjung, Ahmad Fuadi Taqiya Zahrowaini Tarigan, Evelyne Vagittha br Tasya Agustina Wahidha Titin Ayu Lestari Tri Inda Fadhila Rahma Tri Indah Fadhilah Tuti Aggraini Tuti Anggraini Tuti Anggraini Ujung, Asna Ul Husni Walida, Yurti Wanda Hamidah Widya Ayu Harahap Wika Lutfiah Sakinah Yenni Samri Juliati Nasution YENNI SAMRI JULIATI NASUTION, YENNI SAMRI JULIATI Yenni Samri Juliati Nst Yola Aprilia Sibagariang Yuliana Putri Yuningsih, Apriliani Yurti Walida Yusrizal Yusrizal . Yusrizal Yusrizal ZAHRINA GHAISANY PULUNGAN Zhara Hafizha Zidane, Muhammad Raihan Zuhrinal M. Nawawi