Indah Yuliana
Universitas Islam Negeri Maulana Malik Ibrahim, Malang, Indonesia

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The Effect of Mudharabah and Musyarakah Financing on Profitability of Islamic Banks in Indonesia Iqbal Maulana El; Masyhuri Masyhuri; Indah Yuliana
Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE) Vol 5 No 1 (2022): Sharia Economic: January, 2022
Publisher : Sharia Economics Department Universitas KH. Abdul Chalim, Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/iijse.v5i1.1969

Abstract

The study aims to determine the effect of Mudharabah and Musyarakah financing on profitability of Islamic banks in Indonesia. Profitability is measured by using ROA. The population used in this study is Islamic banks registered in Bank Indonesia from 2016 to 2020, and by using purposive sampling technique. The researchers obtained 8 Islamic banks that meet the criteria. The study uses MRA (Multivariate Regression Analysis) with the following results: the Mudharabah variable has a tcount = 5.812 and a ttable = 2.026 (tcount > ttable) with a significance level of 0.000001 < 0.05. Thus, H1 is accepted, Mudharabah has a significant positive effect on profitability of Islamic bank. The Musyarakah variable has a tcount = -3.120 and a ttable = 2.026 (tcount > ttable) with a significance level of 0.003498 < 0.05. Therefore, H2 is accepted, Musyarakah has a significant negative effect on profitability of Islamic banks.
Market Reaction to the Covid-19 Pandemic: Evidence from Countries in the Asia Pacific Indah Yuliana; M. Muzanni
International Journal of Social Science and Business Vol. 7 No. 3 (2023): August
Publisher : Universitas Pendidikan Ganesha

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23887/ijssb.v7i3.47315

Abstract

The covid-19 pandemic spread rapidly in the Asia Pacific region, causing economic losses, exacerbating market volatility, and disrupting economic chains in Asia Pacific countries. This study aims to analyze the differences in capital market reactions before and after the announcement of covid-19 in the Asia Pacific Region. This study uses an event study approach using a variable stock price index, return, trading volume, and exchange rate.  The research sample was 11 stock exchanges in Asia Pacific countries with purposive sampling techniques.  Data testing using the data normality test and two average difference tests using a Paired Sample T-Test for normally distributed data and the Wilcoxon Singed Rank-Test test for data that is not normally distributed. The results showed that (1) there are differences in stock price indices before and after the announcement of covid-19 cases in Indonesia, Malaysia, Singapore, Mexico, Taiwan, Hong Kong, and New Zealand. Meanwhile, Thailand, Australia, Japan, and South Korea showed no differences. (2) there are differences in returns during covid-19 cases in Malaysia and Taiwan. While Indonesia, Singapore, Thailand, Australia, Japan, South Korea, New Zealand, Mexico, and Hong Kong showed no difference. (3) There are differences in stock trading volumes during covid-19 cases in Malaysia, Australia, Mexico, and Hong Kong. Meanwhile, Indonesia, Singapore, Thailand, Japan, South Korea, New Zealand, and Taiwan showed no difference. (4) There are differences in exchange rates during covid-19 cases in Indonesia, Malaysia, Singapore, Thailand, Australia, South Korea, New Zealand, Taiwan, and Hong Kong. While in Japan, it shows no difference.