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PENGARUH VARIABEL EKONOMI MAKRO(INFLASI, KURS RUPIAHDAN FLUKTUASI HARGA EMAS DUNIA)TERHADAP RETURN SAHAM SYARIAH Yoyok Prasetyo; Mohamad Anton Athoillah; Aden Rosadi
istinbath Vol 18 No 1 (2019): Juni
Publisher : Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (0.036 KB) | DOI: 10.20414/ijhi.v18i1.158

Abstract

Penelitian ini dilatarbelakangi oleh adanya beberapa yangberpengaruh terhadap return saham Syariah di Indonesia. Penelitian bertujuan mengidentifikasi pengaruh variabel ekonomi makro pada level nasional maupun internasional. Variabel makro ekonomi level national berupa: inflasi, kurs Rupiah terhadap Dollar Amerika, adapun variabel makro level internasional berupa fluktuasi harga emas dunia terhadap return saham Syariah di Indonesia yang direpresentasikan dengan Jakarta Islamic Index ( JII). Metode penelitian yang digunakan kuantitatif dengan analisis regresi linear berganda, dengan periode penelitian dimulai Januari 2016 sampai dengan Desember 2017. Dari hasil penelitian didapatkan bahwa ketiga variabel makro ekonomi diatas secara simultan berpengaruh signifikan terhadap return JII. Adapun secara parsial, variabel inflasi berpengaruh tidak signifikan terhadap return JII dengan hubungan arah negatif. Variabel kurs rupiah berpengaruhtidak signifikan terhadap return JII. Sedangkan variabel fluktuasi harga emas dunia berpengaruh signifikan terhadap JII dengan arah hubungan positif. Ketiga variabel ekonomi makro sebagai variabel bebas diatas berkontribusi sebesar 25,4% terhadap perubahan variabel terikat yang berupa return JII. Berarti masih banyak variabel lain, baik makro maupun mikro yang dapat menerangkan return JII. Kesimpulan yang diperoleh dari penelitian ini adalah bahwa ketiga variabel ekonomi makro secara simultan berpengaruh signifikan terhadap return JII. Namun secara partial ada yang berpengaruh dengan hubungan positif maupun negatif dan ada juga yang tidak berpengaruh.
Analysis on Risk, Real Returns, and Performance Measurement of Sharia Stocks and Non-sharia Stocks in Indonesia Yoyok Prasetyo; Ahmad Azam Sulaiman
Jurnal Hikmatuna Vol 7 No 1 (2021): HIKMATUNA: Journal for Integrative Islamic Studies, June 2021
Publisher : Postgraduate Program, Universitas Islam Negeri (UIN) K. H. Abdurrahman Wahid Pekalongan, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1078.201 KB) | DOI: 10.28918/hikmatuna.v7i1.3649

Abstract

Indonesia is predominantly Muslim, however, this does not necessarily mean that the number of sharia stock investors in Indonesia is also large. Referring to SOTS data’s, the number of sharia stocks investors is still very small compared to the number of stock investors as a whole. Therefore, research is needed to understand the comparison of risks, returns, and performance measurement of sharia and non-sharia stocks. Using purposive sampling, a sample of 19 stocks were obtained consisting of 14 sharia stocks and 5 non-sharia stocks from 2014 to 2018. This research is an explanatory comparative method and is a quantitative type using a different test. The results show that there is a difference in risk between sharia and non-sharia stocks. However, there is no difference in yields between Sharia and non-Sharia stocks. Performance measurement based on Risk-Adjusted Performance using the Sharpe ratio show that non-Sharia stocks are more dominant in performance than Sharia stocks. Total risk (SD) of sharia stocks (7.945062) is higher and is somewhat bigger than the average non-sharia stock risk (6,186363) and the real returns between sharia and non-sharia stocks, although descriptively statistical the real returns of sharia stocks (0.066179%) is lower than the non-sharia stocks (1.175495%).
Pengaruh Earning Per Share (EPS), Price To Earning Ratio (PER), Dan Price To Book Value (PBV) terhadap Harga Saham Perusahaan Perbankan yang Terdaftar di Bei Periode 2018-2022 Reka Widiana; Yoyok Prasetyo; Nani Ernawati
JURNAL RISET MANAJEMEN DAN EKONOMI (JRIME) Vol. 2 No. 4 (2024): Oktober : JURNAL RISET MANAJEMEN DAN EKONOMI
Publisher : Institut Teknologi dan Bisnis (ITB) Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54066/jrime-itb.v2i4.2435

Abstract

This study aims to analyze the effect of Earning Per Share (EPS), Price to Earning Ratio (PER), and Price to Book Value (PBV) on the share price of banking companies listed on the Indonesia Stock Exchange (IDX) during the period 2018 to 2022. The approach used in this research is quantitative and associative approach. the population used is 47 banking companies listed on the Indonesia Stock Exchange (IDX) for the period 2018-2022. With the sampling technique using purposive sampling technique as many as 28 banking companies. The results showed that the variables Earning Per Share (EPS), Price to Earning Ratio (PER), and Price to Book Value (PBV) simultaneously influenced the share price of banking companies listed on the IDX for the 2018-2022 period.
Implementation of Musyarakah Mutanaqishah in Refinancing and Take Over Products: A Study of Legal Aspects and Basic Provisions in Islamic Banking Salfin Abdul Rahman Al'auf; Nana Herdiana; Yoyok Prasetyo
Zona Law And Public Administration Indonesia Vol. 2 No. 1 (2024): JANUARY 2024
Publisher : Yayasan Mentari Madani

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

Abstract

This research investigates the application of the Musyarakah Mutanaqishah Agreement in two sharia-based financing products, namely refinancing products and take over products, which are used by sharia banking institutions. This study aims to analyze how the Musyarakah Mutanaqishah Agreement is used in these two products and its impact on sharia compliance, flexibility and profits for financing holders. The research method used involves documentation analysis, interviews with sharia banking practitioners, and case studies of refinancing and take over products that have been implemented. The main advantage of Akad Musyarakah Mutanaqishah is adherence to sharia principles as it avoids interest. Customers also get the flexibility to adjust payment schedules and financing terms. Although complex, it has the potential to advance the Islamic banking industry and provide options according to Islamic principles in the changing global financial world.