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Pengujian Terhadap Volatilitas Return Indeks Saham Konvensional dengan Indeks Saham Syariah sebelum dan semasa Covid 19 Purwanto Widodo; Dede Suryanto
Jurnal Sosial Humaniora Terapan Vol 4, No 1: JULI - DESEMBER 2021
Publisher : Program Pendidikan Vokasi UI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.7454/jsht.v4i1.181

Abstract

Volatilitas menunjukkan responsiveness suatu sekuritas atau portofolio terhadap perubahan-perubahan return di pasar saham secara keseluruhan. Volatilitas pasar terjadi akibat masuknya informasi baru ke dalam pasar/bursa.Penelitian ini memodelkan kemudian menghitung dan membandingkan volatilitas dari return indeks harga saham konvensional (IHSG dam LQ45) dan syariah (JII), periode : sebelum krisis Covid 19 antara 1 Januari sampai dengan 30 Desember 2018 dan saat covid 19 dari 1 Januari 2019 sampai dengan 30 Oktober 2021.Model yang dipergunakan adalah ARMA/ ARIMA yang kemudian dilanjutkan dengan model volatilitas ARCH – GARCH dan diuji efek leverage.Hasil penelitian ini menunjukkan bahwa model yang sesuai adalah EGARCH, selain itu terdapat perbedaan volatilitas return indeks harga saham konvensional (IHSG dan LQ45) dan syariah (JII) sebelum Covid 19 dengan saat Covid 19, dimana terdapat kecenderungan volatilitas saat Covid 19 lebih tinggi. Temuan penelitian ini, volatilitas return indeks harga saham Syariah lebih tinggi jika dibandingkan dengan indeks harga saham konvensional, baik sebelum dan saat krisis Covid 19.Kata kunci : Indeks harga saham, volatility, konvensional, Syariah.
Maqashid Sharia Analysis of Islamic Business Offensive Marketing: A Case Study of Rabbani Wiryanto, Fadhli Suko; Kusuma, Airlangga Surya; Widodo, Purwanto; Atmadja, Hafizh Fadhilah; Arkaan Sunyoto, Muhammad Faturrohman
JURNAL EKONOMI SYARIAH Vol 8, No 2 (2023): Jurnal Ekonomi Syariah
Publisher : Universitas Siliwangi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37058/jes.v8i2.7397

Abstract

Background: Businesses that carry out Islamic marketing must carry out their marketing activities in accordance with Islamic values, such as providing halal products, serving consumers honestly and fairly, and avoiding promotional activities that are deceptive (tadlis),  On the other hand, often companies carry out marketing activities that are not in accordance with Islamic values, such as offensive marketing. Offensive marketing is a marketing activity that is controversial and offensive to certain groups of people.Purpose of Study: Analyze the Offensive Marketing carried out by Rabbani and its relation to the maqasid of sharia.Design/Methodology/Approach: This research is a qualitative descriptive research.Findings: In adopting  Rabbani's offensive marketing strategy, companies must ensure that their actions are aligned with the Islamic principles and values embodied in the Sharia Maqasid. This involvesadherence to the principles  of ethics, justice, halal, consumer protection, and the good of society in general. Taking into account the maqasid of sharia, i.e. ad-dharuriyah al-khamsa Islamic businesses can use offensive marketing as a tool to achieve sustainable and responsible growth.Types of Papers: Research Articles
An Investigation of the Effect of Covid-19 on Efficient Market Hypothesis (EMH) Anomalies: Econometric Approach Widodo, Purwanto
Jurnal Samudra Ekonomi dan Bisnis Vol 15 No 1 (2024): JSEB
Publisher : Fakultas Ekonomi Universitas Samudra

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33059/jseb.v15i1.8093

Abstract

The research aims to analyze the influence of the Covid-19 crisis on changes in the daily return pattern of the LQ45 Index, and to see whether the daily return pattern of the LQ45 Index is efficient as argued by the EMH (Efficient Market Hypothesis). The observation period was before and during Covid 19. Data analysis used an econometric approach to test any EMH anomalies, as well as running the ARCH-GARCH model due to the use of dummy variables. The analysis results show that Covid-19 has no effect on the daily return pattern of LQ45, The Week Four effect is proven, but The Day of Week effect, Monday effect and Weekend effect are not found. Another finding that the trading day anomaly testing model is sensitive to the error term distribution, also suggests that good news or bad news in volatility not only depends on the asymmetric model but also the choice of error term distribution.
Analisis Kontroversi Aksi Cepat Tanggap Berdasarkan Perspektif Maqashid Syariah Kusuma, Airlangga Surya; Wiryanto, Fadhli Suko; Widodo, Purwanto
Jurnal Indonesia : Manajemen Informatika dan Komunikasi Vol. 5 No. 3 (2024): September
Publisher : Lembaga Penelitian dan Pengabdian Kepada Masyarakat (LPPM) STMIK Indonesia Banda Aceh

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35870/jimik.v5i3.949

Abstract

Indonesia, as the country with the largest Muslim population in the world, is also recognized as the most generous country according to the World Giving Index 2022. Islamic philanthropy in Indonesia has experienced rapid growth since the reform era, marked by an increased awareness of the importance of professional management to maximize the impact on the underprivileged. Aksi Cepat Tanggap (ACT) is one of the prominent Islamic philanthropic organizations with various initiatives such as Global Qurban and Global Wakaf, which have received positive responses from the Indonesian public. However, in 2022, ACT faced several allegations of financial misconduct, including embezzlement, misuse of donation funds from Boeing, mismanagement of waqf funds, excessive donation deductions, and money laundering. These scandals not only disrupted ACT's financial stability but also led to legal consequences for several of its executives. In Islam, the concept of Maqashid Syariah provides a framework for analyzing phenomena that may harm the Muslim community, including controversies involving ACT. This study employs a descriptive qualitative approach to examine the ACT controversies through the lens of Maqashid Syariah. Based on this analysis, as an Islamic philanthropic institution entrusted with managing ZISWAF (Zakat, Infaq, Shadaqah, and Waqf) funds, ACT should adhere to the principles of Maqashid Syariah to avoid actions that undermine the protection of intellect, life, and wealth, which are part of the Maqasid al-Khamsah. This study contributes to the literature on Islamic Economics by providing insights into the application of Maqashid Syariah in the context of Islamic philanthropy. The practical implications of this research emphasize the importance of accountability and transparency in the management of ZISWAF funds by Islamic philanthropic organizations, regulators, and the community to ensure compliance with Maqashid Syariah.
Determinants of Halal Tourism of Setu Babakan Jakarta Based on Global Muslim Travel Index and Importance Performance Analysis Handayani, Tati; Sufyati HS; Purwanto Widodo; Pusporini; Anggi Angga Resti
Journal of Islamic Economics and Finance Studies Vol 5 No 2 (2024): JIEFeS, December 2024
Publisher : Universitas Pembangunan Nasional Veteran Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47700/jiefes.v5i2.9555

Abstract

Setu Babakan Betawi Cultural Village (PBB) is a betawi-nuanced tourist area developed by the local government of Jakarta and is planned to become a halal tourist destination. This study aims to determine whether the UN Setu Babakan tourist destination implemented Sharia principles as criteria set by the Global Muslim Travel Index (GMTI). To ensure that the analysis results are valid and credible and can be applied by the management of PBB Setu Babakan, research was conducted using primary data with Importance Performance Analysis (IPA). The respondents were tourists at the UN Setu Babakan, Muslim, and over 17 years of age.  The sample consisted of 130 respondents, most of whom were under 20 years of age, high school, and student education. The results showed that according to respondents, services that need to be improved are hotels, SPAs, saunas and massages, travel bureaus and tour guides, many of which are not halal certified, so tourists hesitate to use these services.  These findings are expected to facilitate managers and local governments to develop the right strategy so that visitors to Setu Babakan increase by improving facilities that are lacking.   Perkampungan Budaya Betawi (PBB) Setu Babakan merupakan daerah wisata bernuansa Betawi yang dikembangkan oleh pemerintah daerah Jakarta, yang direncanakan akan menjadi destinasi wisata halal.  Penelitian ini bertujuan untuk mengetahui apakah destinasi wisata PBB Setu Babakan telah benar-benar menerapkan prinsip-prinsip syariah sebagaimana kriteria yang ditetapkan oleh Global Muslim Travel Index (GMTI). Untuk itu menjamin hasil analisis valid, kredibel dan dapat diterapkan oleh fihak manajemen PBB Setu Babakan maka dilakukan penelitian dengan menggunakan data primer, dengan analisis IPA (Importance Performance Analysis). Responden yang diambil adalah wisatawan di PBB Setu Babakan dan beragama Islam dan usia diatas 17 tahun. Sampel terkumpul sebanyak 130 responden, sebagian besar berusia dibawah 20 tahun, pendidikan high school dan student. Hasil penelitian menunjukkan bahwa menurut responden layanan yang perlu diperbaiki adalah hotel, SPA, sauna dan massage, travel bureau dan tour guide banyak yang belum tersertifikasi halal, sehingga wisatawan ragu-ragu untuk menggunakan layanan tersebut. Temuan ini diharapkan dapat memfasilitasi pengelola dan pemerintah setempat untuk membuat strategi yang tepat agar pengunjung setu babakan meningkat dengan memperbaiki fasilitas yang kurang.
SOSIALISASI DAN EDUKASI PEMBIAYAAN MOBIL SYARIAH BAGI PENGURUS MASJID KEMENTERIAN/LEMBAGA DAN BUMN Faizi, Faizi; Kusumastuti, Retno Dyah; Kusuma, Airlangga Surya; Widodo, Purwanto; Levianto, Jubei
ABDI KAMI: Jurnal Pengabdian Kepada Masyarakat Vol 7 No 2 (2024): (Oktober 2024)
Publisher : LPPM Institut Agama Islam (IAI) Ibrahimy Genteng Banyuwangi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69552/abdi_kami.v7i2.2606

Abstract

Indonesia yang mayoritas penduduknya beragama Islam memiliki potensi yang besar menjadi pusat pengembangan keuangan syariah, termasuk pembiayaan mobil syariah. Namun, perkembangan pembiayaan mobil syariah sendiri masih relatif kecil. Salah satu permasalahan yang menghambat perkembangan pembiayaan mobil syariah adalah rendahnya tingkat literasi keuangan syariah masyarakat. Selain itu, masyarakat juga masih menganggap pembiayaan mobil syariah sama dengan pembiayaan mobil konvensional. Oleh karena itu, perlu dilakukan pelatihan untuk meningkatkan pemahaman pembiayaan mobil syariah di masyarakat. Agar lebih efektif, pelatihan tersebut sebaiknya ditujukan ke pihak-pihak yang memiliki pengaruh di masyarakat, seperti pengurus masjid. Dengan pelatihan tersebut diharapkan pemahaman pengurus masjid terkait pembiayaan mobil syariah dapat meningkat, dan pengurus masjid dapat meneruskan pengetahuan mengenai pembiayaan mobil syariah ke masyarakat luas. Untuk melaksanakan pelatihan tersebut, tim pengabdian UPN Veteran Jakarta selanjutnya bekerja sama dengan Forum Silaturrahim Takmir Masjid Kementerian/Lembaga dan BUMN mengadakan sosialisasi pembiayaan mobil syariah bagi pengurus masjid. Metode kegiatan pengabdian ini menggunakan metode ceramah sebagai metode untuk sosialisasi pembiayaan mobil syariah, yang selanjutnya dilanjutkan dengan sesi tanya jawab. Selanjutnya diharapkan pengurus masjid dapat meneruskan pengetahuan mengenai pembiayaan mobil syariah kepada masyarakat luas sehingga pemahaman mengenai pembiayaan mobil syariah di masyarakat juga meningkat.
HUBUNGAN ANTARA ATRIBUT PRODUK TERHADAP KEPUTUSAN PEMBELIAN MINUMAN TEH DALAM KEMASAN Widodo, Purwanto
CEFARS : JURNAL AGRIBISNIS DAN PENGEMBANGAN WILAYAH Vol. 2 No. 1 (2010): CEFARS : JURNAL AGRIBISNIS DAN PENGEMBANGAN WILAYAH
Publisher : Fakultas Pertanian Universitas Islam 45 (UNISMA) Bekasi

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Abstract

This research intent to see influence of potion product attribute tea in pack to buy decision. Survey is arranged on year 2010 to 96 spread respondent at severally mall location that is at Bekasi's City. Of 96 respondents, apparently data which fledged 90 respondents. Result observationaling to point out that tea market compartment in pack at City Bekasi is: mature age rank, get male gender, education high enough, PNS'S circle work, swasta's clerk and wirausaha. Respondent income a large part among 500 thousand until with 4 million and a large part respondent have gotten married. According to respondent, tea in consumed pack: Price that is on the market by each relative's grocers is a steal, Ready tea to used or deep close-fitting pack for consumer. For consumer, to consumed is tea in expected pack will evoke freshness. Sharpness has permit from Depkes a thing that needs and they will look for its brand product was known. Largely respondent declare for tea buy place in pack is time business man five, swalayan's market supermarket and minimarket / is shop. Base trick decides buy a large part respondent declare for to outgrow abrupt, upon one at loose ends and wish overchanging and they the need. Price and brand variable constitute influential variable to tea buy decision bottle in pack.
HUBUNGAN ANTARA BUDAYA ORGANISASI, KOMITMEN ORGANISASI DAN LOCUS OF CONTROL TERHADAP KINERJA MANAJEMEN Widodo, Purwanto; Kamilah, Ahya
CEFARS : JURNAL AGRIBISNIS DAN PENGEMBANGAN WILAYAH Vol. 2 No. 2 (2011): CEFARS : JURNAL AGRIBISNIS DAN PENGEMBANGAN WILAYAH
Publisher : Fakultas Pertanian Universitas Islam 45 (UNISMA) Bekasi

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Abstract

This research intent to see relationship among cultural organisational, organisational commitment and Locus of Control at PTS in Jabar. Observational population is lecturer and employee staff at environmentally PTS of 188 person, employee and lecturer at PTS X most takings 87 respondents or 4,28 percents. That respondent comprise of 47 men and 53 woman percents. Job unit broadcast scatters, Fisip's majority, Economy and FAI. Largely respondent gets S1's education (36,78 percents), S2(28,74 percents) and diploma 14,94 percents. Picture gets that that more komprehensif, therefore data processing is done by use of Structural Equation Model (SEM). Validity quiz and reliabitas is first phase to item question, pointing out result that vaid and reliable, meanwhile on phase II., are not all item that question valid and reliable. Analisis's result points out that together to be gotten relationship among cultural organisational, organisational commitment and locus of control to manajerial dengn's performance R Square 0,32. Sign from variable the whole lot in accordance with expectation which is positive, but just variable locus of control just that don't signifikan statistic's ala.
HUBUNGAN ANTARA SERVICE QUALITY DENGAN KEPUASAN KONSUMEN DI RESTORAN X Widodo, Purwanto
CEFARS : JURNAL AGRIBISNIS DAN PENGEMBANGAN WILAYAH Vol. 3 No. 2 (2012): CEFARS : JURNAL AGRIBISNIS DAN PENGEMBANGAN WILAYAH
Publisher : Fakultas Pertanian Universitas Islam 45 (UNISMA) Bekasi

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Abstract

This research intent to know quality influence service quality to consumer satisfaction at restaurant X. Variable quality services to utilize Parasuraman's variable,Zeithaml, berry (1985) one that consisting: which is; Tangibles, Empathy, Reliability, Responsiveness and Assurance. Sample that takes to be done by purposive is sampling . To determine sample measure utilize formula from Walpole (1998). With trusty zoom 95 percents, error sampling 10 percents and is assumed that population so heterogeneous therefore sample amount that is taken equals 96 respondents. Result observationaling to point out that variable together ala Tangible, Reliability, Responsiveness, Assurance and Emphaty having for to Customer satisfaction. Meanwhile partial's ala, Tangible'svariable and Emphaty what does positive ascendant and signifikan to Customer satisfaction. Determinant coefficient as big as 68,5 percents
STUDI HARI PERDAGANGAN SAHAM-SAHAM KELOMPOK SEKTOR PERTANIAN YANG LISTING DI BURSA EFEK INDONESIA Widodo, Purwanto
CEFARS : JURNAL AGRIBISNIS DAN PENGEMBANGAN WILAYAH Vol. 1 No. 2 (2010): CEFARS : JURNAL AGRIBISNIS DAN PENGEMBANGAN WILAYAH
Publisher : Fakultas Pertanian Universitas Islam 45 (UNISMA) Bekasi

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Abstract

This research intent to test Efficient Market Hypothesis (EMH) that interposed by Fama (1970) notably tests to hit phenomenon trade day. The data that is used is emiten that listing at Indonesian Stock Exchange (BEI) period January – December 2009. Examination is The Day Of The Week Effect's effect and week four effect. Meanwhile analisis which is used is Multivariate Multivariate Analysis of Variance (MANOVA) and one sample is test . Result observationaling to point out that not return AALI'S stock, IIKP, UNSP and LSIP doesn't point out to pattern particular, and examination result with MANOVA and also one sample is test not also seeming marks sense The Day Of The Week Effect and week four effect.