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Analisis dan Peramalan Indeks Saham Syariah Indonesia (ISSI) Periode 2020-2025 Menggunakan Model Arima Hildah Meliyana; Attabik Syifaul Jinan; Siti Nur Rosidah; Achmad Budi Susetyo
Jurnal Inovasi Ekonomi Syariah dan Akuntansi Vol. 3 No. 1 (2026): Januari: Jurnal Inovasi Ekonomi Syariah dan Akuntansi
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/jiesa.v3i1.1826

Abstract

This study aims to estimate changes in the Indonesian Sharia Stock Index (ISSI) from 2020 to 2025 using the Autoregressive Integrated Moving Average (ARIMA) model. The growth of the Islamic stock market in Indonesia has increased rapidly, driven by public awareness of investments that follow sharia principles, as well as changes in macro and microeconomic conditions, especially during the COVID-19 pandemic which has had a significant impact on the financial market. This study relies on monthly ISSI data taken from official sources and analyzed with a quantitative approach using the time series method using EViews version 13 software. Statistical analysis and stationarity tests indicate that the ISSI data exhibits an increasing trend pattern and quite high volatility, so that a differentiation process is necessary to achieve stationarity. Based on the results of model testing and the selection of optimal information criteria, the ARIMA (1,1,1) model was selected as the most appropriate to capture the autocorrelation pattern and produce accurate short-term predictions. Projections indicate a stable growth trend until the end of 2025, with an estimated index of more than 8.3 million. The findings of this study indicate that the ARIMA model is an effective tool for forecasting ISSI movements and can be a strategic consideration for investors, financial institutions, and policymakers in developing sustainable investment strategies in the Indonesian Islamic stock market.
Pemodelan dan Peramalan Harga Kopi Robusta Menggunakan Autoregressive Integrated Moving Average (ARIMA) dengan EViews Nurul Fazirah; Erizky Elsa Wisnuna; Muslihah Muslihah; Achmad Zakaria; Achmad Budi Susetyo
Jurnal Inovasi Ekonomi Syariah dan Akuntansi Vol. 3 No. 1 (2026): Januari: Jurnal Inovasi Ekonomi Syariah dan Akuntansi
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61132/jiesa.v3i1.1968

Abstract

The relatively high volatility of Robusta coffee prices creates uncertainty for farmers, business actors, and policymakers in making economic decisions. This study aims to analyze the price movement patterns of Robusta coffee, determine the most appropriate Autoregressive Integrated Moving Average (ARIMA) model, and conduct short- to medium-term price forecasting for Robusta coffee. The data used consist of monthly Robusta coffee price data from January 2023 to September 2025, sourced from the World Bank Commodity Price Data. The analytical method employed is ARIMA using EViews software, beginning with stationarity testing using the Augmented Dickey-Fuller (ADF) test, model identification through ACF and PACF, parameter estimation, and residual diagnostic testing. The results show that Robusta coffee price data are non-stationary at the level but become stationary at the first difference, indicating integration of order one I(1). Based on model identification and diagnostic testing, the ARIMA (0,1,0) model is found to be the most appropriate and satisfies the white noise assumption. Forecasting results indicate that Robusta coffee prices are projected to remain relatively stable with a moderate upward trend through December 2026. These findings are expected to serve as a reference for decision-making by farmers, business actors, and the government in responding to Robusta coffee price dynamics.
Sharia-Based Liquidity Management Strategy Amidst Market Dynamics: A Qualitative Study at Bank Muamalat Indonesia Laili Norma Faseh; Moh Andrean Umami; Afifatus Zakiya; Ahmad Munir; Achmad Budi Susetyo
Values: Jurnal Kajian Islam Multidisiplin Vol. 3 No. 2 (2026)
Publisher : Penerbit Hellow Pustaka

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61166/values.v3i2.80

Abstract

Funding in a company can be obtained from various investment sources, on of them by issuing Islamic bonds (Sukuk). The announcement of the issuance of sharia bonds can be used as one of the information considerations in investing for investors. This study aims to analyse the capital market reaction to the issuance of Islamic bonds. This study uses event study analysis which is used to determine abnormal returns around the issuance of Islamic bonds, to find out significant differences in average abnormal returns around Islamic bonds issuance and to find out significant differences in trading volume activity around Islamic bonds issuance. The population in this study are all announcements of issuance of sharia bonds listed on the Indonesia Stock Exchange for the period 2009-2018 and then re-select companies listed on ISSI as of May 28, 2019. Event study with a window period of 21 days (t-10 to t+10). Sampling uses a purposive sampling criteria technique. Samples obtained were 55 Sukuk issuance which included 12 announcements of Islamic bonds issuance.
Analysis of Determinants of Adoption and Loyalty Among Generation Z Customers Regarding Sharia Bank Digital Services: Analisis Faktor Penentu Adopsi dan Loyalitas Nasabah Generasi Z pada Layanan Digital Bank Syariah syafira_03 Syaffiraap; Syamsiyeh; Riska Firdiana; Achmad Budi Susetyo
JEMeS - Jurnal Ekonomi Manajemen dan Sosial Vol. 9 No. 2 (2026): Jurnal Ekonomi Manajemen dan Sosial (JEMeS)
Publisher : Universitas Bojonegoro

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

Abstract

Transformasi digital mendorong perbankan syariah untuk menghadirkan layanan berbasis teknologi guna mempertahankan daya saing. Namun, bank syariah menghadapi tantangan besar dari penetrasi fintech konvensional yang mendominasi pasar nasabah muda melalui insentif ekonomi instan. Penelitian ini bertujuan untuk menganalisis faktor-faktor memiliki dampak signifikan bagi Generasi Z, baik dalam tahap adopsi awal maupun dalam membangun loyalitas jangka panjang terhadap terhadap produk digital bank syariah. Guna mengatasi keterbatasan riset terdahulu yang mayoritas menggunakan pendekatan Technology Acceptance Model (TAM) secara parsial dan hanya berfokus pada minat penggunaan awal, penelitian ini mengintegrasikan aspek teknis fungsional dengan dimensi nilai keagamaan dan sosial. Faktor-faktor yang diuji dalam penelitian ini meliputi kualitas aplikasi, kemudahan penggunaan (perceived ease of use), keamanan data, religiusitas, pengaruh teman sebaya (peer influence), serta citra merek (brand image) bank syariah. Keberbaruan (novelty) dari penelitian ini terletak pada integrasi model konseptual yang menghubungkan penerimaan teknologi dengan perilaku spesifik konsumen Muslim Generasi Z yang dikenal memiliki loyalitas merek yang dinamis dan cenderung rendah. Secara praktis, hasil penelitian ini diharapkan dapat menjadi referensi akademik sekaligus bahan evaluasi strategis bagi Bank Syariah Indonesia (BSI) dan industri perbankan syariah lainnya dalam merumuskan sharia value proposition serta mengoptimalkan layanan digital yang sesuai dengan karakteristik unik Generasi Z.
Faktor-Faktor yang Memengaruhi Keputusan Muzakki Membayar Zakat Secara Online Novi Febriyanti; Ragil Satria Wicaksana; Alia Jihan Sahira; Achmad Budi Susetyo; Rahmad Nursyahidin; Nuriya Luthfiana
JURNAL ECONOMINA Vol. 3 No. 4 (2024): JURNAL ECONOMINA, April 2024
Publisher : LPPM Sekolah Tinggi Ilmu Ekonomi 45 Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/economina.v3i4.1280

Abstract

Penelitian ini bertujuan untuk menguji pengaruh Literasi Zakat, Literasi Digital, Persepsi Manfaat, Persepsi Kenyamanan dan Pengaruh Komitmen Terhadap Keputusan Membayar Zakat Profesional Menggunakan Sistem Pembayaran Zakat Digital. Sampel penelitian ini terdiri dari 140 informan yang telah membayar zakat profesinya dengan menggunakan sistem pembayaran zakat digital. Belajar Metode ini menggunakan analisis kuantitatif PLS-SEM dengan bantuan alat analisis SmartPLS 3. Hasil survey menunjukkan bahwa Literasi Zakat, Literasi Digital, Perceived Convenience dan Commitment Effect mempunyai pengaruh positif mempunyai dampak signifikan terhadap keputusan membayar zakat profesi dengan menggunakan metode sistem pembayaran zakat digital. Sedangkan variabel Persepsi Manfaat tidak berpengaruh terhadap keputusan membayar zakat profesi menggunakan sistem pembayaran zakat digital.
Co-Authors Achmad Zakaria Adinda Rifantini Afaf Fitriati Afifatus Zakiya Ahmad Fikri Hasan Ahmad Munir Alfia Said Alfian Futuhul Hadi Alfina Ramadaniar Alia Jihan Sahira Amaliyah, Karimatul Aminulloh, Moh Ma’ruf Anak Agung Gede Sugianthara Andini Maulidya Anisa Lestari Ardiansyah, Rivangga Nur Arief Tegar Saputra Arikatun Maimunah Ariyanti, Dila Iska Attabik Syifaul Jinan Bayu Chasnah Noer Setyani Devah Sukmawati Dewi Eka Mustika Sari Dian Diana Putri Aggraeni Dinda Nabila Margaretha Dwi Intan Cantika Putri Hendrayana Dwi Putri Ayu Nur Aini Dyan Irawati Elisa Tri Rahayu Erizky Elsa Wisnuna FATHUR ROHMAN Fatonah Febriyanti, Novi Fendy Julianto Fitri Nur Afifah Fretika, Tatha Amelia Hardining Estu Murdinar HASAN, DONY BURHAN NOOR Helmi Hildah Meliyana HUSNUL KHOTIMAH Julia Eka Firmanda Kamelia Khasanah Kasanah, Roisatun Khoirony, Nur Cahya Kholilur Rahman LAILATUL FITRIA Laili Norma Faseh Latipah Luk Lu’us Syarifah Luthfiana, Nuriya M. Firdaus Trikuncoro M. Miftahur Rizqi M.Anvio Djul Chyono Maratus Solihah Md. Meraj Hasan Melinda Nur Aini Moh Andrean Umami Moh. Azfahani Zain Moh. Iqbal Maulana Mohammad Fahrud Taufiq Muawanah Mudina Putri Masita Muhajjir Muhammad Adnan Firdaus Muhammad Iklal Hafidzi Muhammad Salman Al Farisi Muhammad Zaini Musdalifah Musdalifah Musleh Muslihah Muslihah mustafida, mustafida Nadhifa Maulidia Nadhirotul Jannah Najla Shafaa Kamila Najmi Maulita Amaliya Ningsih, Lailatul Berliana Noufal Firdaus Noval Bahari Ardiansyah Novi Febriyanti Nur Komariyah Nur Milla Nurhabits Safitri Nurhalizah, Siti Nuriya Luthfiana Nurul fazirah Puput Purnamasari Putri Firda Febrianti Putri, Nasya Amelia Qoni’atul Musyarrofah Ragil Satria Wicaksana Rahmad Nursyahidin Rahmad Nursyahidin, Rahmad Ramadhani, Nur Ainie Rania Ningsih Refani Nafi Sara Reza Abdilah Saputra Rifqi Nurdiansyah Riska Firdiana Rizki Ardiansyah Rizqy Zharifah Ivanka Rohmah, Yusriyatur Rohmawati, Harlien Ruslan Rasid Sahira, Alia Jihan Saiful Arif Salim, Habibah Salisa Khoirun Salsabila Salman Alfarisi Septiani, Reni Sholahudin Sigit Kusbiantoro Siti Aisah Hidayatul Hasanah Siti Nur Rosidah Sumarti, Retno Khabbatuni'mah syafira_03 Syaffiraap Syamsiyeh Tazkiyah Fuadiyah Triana, Devi Umar Gibran Veni Vebriyanti Vifin Nadzary A Wicaksana, Ragil Satria Yuni Zaroh Yusnia Zaenab Zumrotis Sholihah