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Corporate Social Responsibility on Image and Trust of Bank Syariah Mandiri Nengsih, Titin Agustin; Nofrianto, Nofrianto; Rosmanidar, Elyanti; Uriawan, Wisnu
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol. 13 No. 1 (2021)
Publisher : UNIVERSITAS ISLAM NEGERI SYARIF HIDAYATULLAH JAKARTA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v13i1.18347

Abstract

Abstract. The implementation of the Corporate Social Responsibility (CSR) program will have a positive impact not only on banking operations but on the continued existence in the future. With the implementation of CSR, Islamic banks not only gain economic benefits in terms of profit and growth but also enhance the public image and public trust. The results of this CSR program bring Islamic Banks closer to the people for better social change. Structural Equation Modelling results show that CSR variables significantly influence the image and trust of Bank Syariah Mandiri Jambi.Abstrak. Implementasi program Tanggung Jawab Sosial Perusahaan akan memiliki dampak positif tidak hanya pada operasi perbankan tetapi pada keberlanjutan keberadaan di masa depan. Dengan penerapan Tanggung Jawab Sosial Perusahaan, bank syariah tidak hanya mendapatkan manfaat ekonomi dalam hal laba dan pertumbuhan tetapi juga meningkatkan citra dan kepercayaan masyarakat. Hasil dari program Tanggung Jawab Sosial Perusahaan ini membawa bank-bank Islam lebih dekat kepada masyarakat untuk perubahan sosial yang lebih baik. Hasil Structural Equation Modeling menunjukkan bahwa variabel Tanggung Jawab Sosial Perusahaan berpengaruh signifikan terhadap citra dan kepercayaan Bank Syariah Mandiri Jambi. 
I-HDI, Employment Opportunities, and Minimum Wage: How Do They Affect Poverty? Nofrianto Nofrianto; Farah Hamidah Nuruz Zaharah; Tira Mutiara; Eli Suryani
Islamic Economics Journal Vol. 12 No. 01 (2026): Islamic Economics Journal
Publisher : Faculty of Economics and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/iej.v12i01.3

Abstract

Java Island remains the largest centre of poverty in Indonesia despite its dominant contribution to national economic activity. This study examines the direct effects of the Islamic Human Development Index (I-HDI), employment opportunities, and minimum wage on poverty, as well as their indirect effects through unemployment, in six provinces of Java Island during 2015–2022. This study uses secondary panel data obtained from official statistical sources and applies panel data regression with path analysis using EViews 10. The findings show that employment opportunities have a negative and significant effect on unemployment, while I-HDI and minimum wage have negative and significant direct effects on poverty. However, unemployment does not significantly mediate the effects of I-HDI, employment opportunities, and minimum wage on poverty. These findings imply that poverty reduction in Java Island should not rely solely on unemployment reduction, but should also prioritise Islamic-based human development, the expansion of decent employment opportunities, and minimum wage policies that improve household welfare without weakening labour absorption.
Determinants of Behavioral Intention and Usage of Crowdfunding Platform Behavior at the National Zakat Agency (Baznas): UTAUT Model Approach 3 Amirul Listiyantomo Ali; Nofrianto Nofrianto
Electronic Journal of Education, Social Economics and Technology Vol 6, No 1 (2025)
Publisher : SAINTIS Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33122/ejeset.v6i1.857

Abstract

This study aims to determine the effect of the factors Performance Expectancy, Effort Expectancy, Social Influence, Facilitating Condition, Hedonic Motivation, Price Value, Habit, Personal Innovativeness Behavioral Intention and Behavioral Usage using the BAZNAS Crowdfunding Platform. This study uses a quantitative approach with Structural Equation Modeling–Partial Least Squares (SEM-PLS) analysis. The population of the study were users of the Crowdfunding Platform in the Jabodetabek area, with a sample of 100 respondents taken through the non-probability purposive sampling method. Data were collected through online questionnaires and analyzed using SmartPLS 4.0. The results showed that performance expectancy, personal innovativeness, and social influence had a significant effect on behavioral intention, while price value and facilitating conditions did not have a significant effect. In addition, the habit variable also had no significant effect on behavioral usage. This study contributes to broadening the understanding of the adoption of digital payments using the Crowdfunding Platform, especially among the younger generation by considering technological and social factors.
The Influence of Macroeconomic Factors and Global Commodity Prices on the Jakarta Islamic Index (JII) in Indonesia with the VECM Approach Nofrianto Nofrianto; Wilda Hanifah
Al-Kharaj: Journal of Islamic Economic and Business Vol. 8 No. 3 (2026): 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.v8i3.11718

Abstract

This study analyzes the influence of macroeconomic factors and global commodity prices on the prices of sharia stocks that are members of the Jakarta Islamic Index (JII) in Indonesia, using monthly data for the period January 2011-December 2024 as many as 168 observations. The variables used include inflation, BI Rate, rupiah exchange rate, money supply (M2), world gold price, and world oil price. Data was obtained from BPS, Bank Indonesia, Indonesia Stock Exchange, World Gold Council, and U.S. Energy Information Administration (EIA). The Vector Error Correction Model (VECM) method is used to identify short-term and long-term influences. The results show that in the long term, gold prices and world oil prices have a significant positive effect on JII, while the rupiah exchange rate and the money supply have a significant negative effect. Inflation and the BI Rate do not have a significant influence. In the short term, the ECT value of −0.038970 indicates an adjustment towards a long-term equilibrium of 3.9% per period. The novelty of this research lies in the use of a longer data range until 2024 and the simultaneous integration of domestic macro and global commodity variables in the VECM model, thus providing a more comprehensive picture of the behavior of the sharia stock market after the pandemic. Practically, these findings are important for investors and policymakers to understand JII's sensitivity to global factors, especially world gold and oil price movements, in order to optimize investment strategies and stability of the Islamic capital market. Keywords: Jakarta Islamic Index, Macroeconomics, Gold Price, World Oil Price, VECM.
Why Do Some Sharia Food Firms Outperform Others in Indonesia’s Stock Market (2019–2023)? Nofrianto; Nadhifah Adiratna; Eli Suryani
Amwaluna: Jurnal Ekonomi dan Keuangan Syariah Vol. 10 No. 2 (2026): Amwaluna: Jurnal Ekonomi dan Keuangan Syariah
Publisher : UPT Publikasi Ilmiah UNISBA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29313/amwaluna.v10i2.7012

Abstract

Fluctuations in stock returns encourage investors to identify the financial indicators that most effectively explain company performance. However, evidence on Sharia-compliant food and beverage firms remains limited, particularly regarding the simultaneous effects of multiple financial ratios. This study examines the influence of the Current Ratio (CR), Debt-to-Equity Ratio (DER), Total Asset Turnover (TATO), Return on Equity (ROE), Price-to-Earnings Ratio (PER), Price-to-Book Value (PBV), and Market Value Added (MVA) on the stock returns of food and beverage companies listed in the Indonesia Sharia Stock Index (ISSI) during 2019–2023. Using panel data from annual reports and financial statements published by the Indonesia Stock Exchange, the study applies multiple regression analysis to evaluate both simultaneous and partial effects. The findings reveal that all seven financial ratios jointly have a significant effect on stock returns. Individually, only ROE and PER significantly influence stock returns, whereas CR, DER, TATO, PBV, and MVA show no significant effects. These findings indicate that profitability and market valuation are the primary financial indicators associated with stock returns in Sharia-compliant food and beverage firms. The results provide practical implications for corporate managers to strengthen profitability and for investors to prioritize ROE and PER when evaluating investment opportunities in the Indonesian Sharia capital market.