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Pengaruh Penggabungan Mata Uang di Uni Eropa terhadap International Risk Sharing dan Home Bias Triandhari, Risna; Safuan, Sugiharso
Jurnal Ekonomi dan Pembangunan Indonesia Vol. 12, No. 2
Publisher : UI Scholars Hub

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

Abstract

Resident of the industrialized countries can lower some of their economic risk they face by diversifying their portfolios including foreign assets. In the world with perfect capital mobility, international risk sharing will reduce saving with constant relative risk aversion. The objective of this study to analyze the impact of the establishment of single currency on the degree of international risk sharing and the home bias among country member of European Union (EU). Using panel data, the increasing output correlation between individual countries and group of eleventh countries indicate the adoption of single currency increase the degree of international risk sharing.
Digital Transformation in Banking Sector: The Effect of Covid-19 Pandemic in Indonesia Aisyah Nurjannah Siwi; Risna Triandhari; Raden Parianom
LAA MAISYIR: Jurnal Ekonomi Islam The 2nd International Collaboration Conference on Islamic Economics (ICCEIS) 2024 “Global Innovati
Publisher : Universitas Islam Negeri Alauddin Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24252/lamaisyir.v1i1.52940

Abstract

The provision of digital services can support the need for integrated financial services, enhance operational cost efficiency, and improve financial performance. This research aims to examine the impact of providing digital services on the financial performance of banks before and during COVID-19, as well as to compare the impact on Islamic banks and conventional banks in Indonesia. This research utilizes secondary data from 15 Islamic banks and 20 conventional banks in Indonesia during the years 2017 - 2022, and estimates by static panel data model such as the fixed effect model (FEM) and random effect model (REM). The findings of this research indicate that the development of digital services significantly influences the financial performance of both Islamic and conventional banks, both before and during COVID-19. Furthermore, there are differences in the impact of providing digital services between Islamic banks and conventional banks before COVID-19. These findings may indicate the effectiveness of banks in developing services and enhancing overall technology adoption.
Volatility Dynamics of Islamic and Conventional Equity Portfolios During COVID-19: Evidence from Fama-French and GARCH Models Haikal, Muhammad Barry; Triandhari, Risna; Parianom, Raden
AL-MUZARA'AH Vol. 13 No. 1 (2025): AL-MUZARA'AH (June 2025)
Publisher : Department of Islamic Economics, IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jam.13.1.109-126

Abstract

This paper examines the performance and volatility of Islamic equity portfolios in contrast to their conventional counterparts during the pre-pandemic, COVID-19 pandemic, and post-pandemic periods. Using daily data gathered from February 2019 to December 2023, this study employs the Fama-French factor models alongside GARCH-type models to evaluate risk-adjusted returns and volatility of portfolios. Furthermore, shariah screening rules, particularly those related to debt ratios, are integrated into the portfolio construction process to assess their influence on performance. The results show that while Islamic equity portfolios generally deliver lower returns, they demonstrate significantly lower volatility. This relation implicitly suggests a trade-off between risk and return, which are amplified further during periods of market stress. These findings contribute to the growing literature on Islamic finance by demonstrating the stability provided by shariah-compliant equity portfolios. Future research may explore sector-specific performance or extend the framework to other economies.
Efektivitas Pendampingan dan Diskusi Kelompok Terarah dalam Memperluas Akses Kredit Usaha Rakyat bagi UMK Parianom, Raden; Vidriza, Ullya; Triandhari, Risna
Jurnal Pengabdian kepada Masyarakat Nusantara Vol. 6 No. 4 (2025): Edisi Oktober - Desember
Publisher : Lembaga Dongan Dosen

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55338/jpkmn.v6i4.7114

Abstract

Kegiatan pengabdian masyarakat ini dilatarbelakangi oleh rendahnya akses Usaha Mikro Kecil (UMK) terhadap program Kredit Usaha Rakyat (KUR) di Kota Cibinong. Permasalahan utama yang ditemukan adalah keterbatasan pemahaman UMK mengenai prosedur KUR, minimnya kemampuan penyusunan laporan keuangan, serta rendahnya pemanfaatan teknologi dalam pemasaran. Metode pelaksanaan dilakukan melalui diskusi kelompok terarah dan pendampingan teknis kepada 75 UMK. Kegiatan mencakup literasi KUR, pelatihan penyusunan laporan keuangan, dan pemanfaatan teknologi pemasaran digital. Hasil kegiatan menunjukkan adanya peningkatan signifikan terhadap pemahaman UMK mengenai KUR, keterampilan penyusunan laporan keuangan, serta adopsi teknologi pemasaran. Diskusi kelompok terarah terbukti efektif sebagai metode pemberdayaan UMK untuk meningkatkan akses pembiayaan formal. Kegiatan ini juga memberikan kontribusi pada pengurangan kesenjangan ekonomi dan pemberdayaan masyarakat lokal. Oleh karena itu, pendampingan UMK perlu terus dilakukan secara berkelanjutan agar dampaknya dapat lebih luas dan berkesinambungan.
Community Outreach and FGD for Women MSE Empowerment: Entrepreneurial Orientation, Financing Access, and Halal Certification Triandhari, Risna; Raden Parianom
Society : Jurnal Pengabdian Masyarakat Vol. 5 No. 3 (2026): Mei
Publisher : Edumedia Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55824/tm47tv85

Abstract

Women-owned Micro and Small Enterprises (MSEs) play a strategic role in local economic development, yet face persistent challenges including limited managerial capacity, restricted access to financing, and low awareness of halal certification as a competitive strategy. This community service program aimed to enhance the understanding of MSE performance determinants, foster entrepreneurial orientation, and increase halal certification adoption intent among women MSE entrepreneurs in Cibinong, Bogor Regency. The program was delivered through outreach sessions and Focus Group Discussion (FGD) involving 25 women MSE entrepreneurs selected through purposive and snowball sampling. Pre-test and post-test evaluations were administered to measure knowledge gains and behavioral intent. Results demonstrated significant improvements: prior to the program, only 16% of participants held halal certification and 76% lacked systematic understanding of business performance factors. Following the intervention, 88% expressed intent to obtain halal certification and all participants successfully identified key MSE growth factors including entrepreneurial orientation, owner capacity, human resource quality, social capital, financing access, and government support. Collective strategic recommendations were also formulated through the FGD. These findings confirm that informational barriers—rather than lack of motivation—are the primary obstacle to MSE improvement, and that community-based outreach combined with participatory discussion is an effective empowerment approach.
Human Development and Income Inequality in D-8 Countries: A Maqashid Sharia Perspective Shofiatul Hilwa; Triandhari, Risna; Parianom, Raden
Signifikan: Jurnal Ilmu Ekonomi Vol. 15 No. 1 (2026)
Publisher : Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v15i1.49355

Abstract

Research Originality: This study is original in applying a Maqashid Sharia-based human development index to examine the short- and long-run effects of human development on income inequality in D-8 countries. Research Objectives: This study aims to analyze whether human development based on the Maqashid Sharia framework can effectively reduce income inequality in D-8 countries in both the short run and the long run. Research Methods: Using panel data from eight D-8 countries during 2003–2022, income inequality is measured by the Gini index and the Palma ratio, while human development is represented by the Maqashid Sharia Index (MSI). The analysis employs a Panel ARDL model with the Pooled Mean Group estimator to capture short-run and long-run relationships. Empirical Results: The results show that Maqashid Sharia-based human development significantly reduces income inequality in the long run across D-8 countries, reflecting the maslahah-oriented approach of Islamic economic development. In the short run, it reduces inequality in Indonesia and Turkey but increases inequality in Bangladesh, Egypt, and Nigeria. Implications: These findings suggest that human development policies should incorporate moral and value-based dimensions. Policymakers in D-8 countries need to promote not only education, health, and income, but also ethical values to ensure more equitable income distribution. JEL Classification: C33, F22, I32, J61, J62