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Comprehensive Supervision for Operational Soundness of Sharia Financial Service Cooperatives Nurhayadi, Yadi
HUMAN FALAH: Jurnal Ekonomi dan Bisnis Islam Human Falah: Jurnal Ekonomi dan Bisnis Islam | Vol. 2 | No.1 | 2015
Publisher : Fakultas Ekonomi dan Bisnis Islam Universitas Islam Negeri Sumatera Utara

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

Bayt al-MÄl wa al-TamwÄ«l (BMT), which by law in Indonesia BMT is called as Koperasi Jasa Keuangan Syariah (KJKS, Sharia Financial Service Cooperatives), is an ideal sharia banking activities, where those activities involve all of community component: micro, small, medium, and high economic class. BMT is also classified as a constitutional sharia financial institution in Indonesia. Based on that fact, with appropriate to the law, BMT could involve in sharia financial industry and market complexities. The activities and involvements would bring consequences that BMT is included as financial institution that must be supervised and must allow periodic supervision related to its operational soundness. The research in this paper offers an analyzing of BMT operational soundness based on CAMELS rating system plus examination. The system is composed of integration of sharia banking CAMELS rating system that was researched by Muljawan and Sharia Banking Directorate â Bank Indonesia, and BMT performance calculation system that was formulated by Pusat Inkubasi Bisnis dan Usaha Kecil (Pinbuk, Center for Micro Enterprise Incubation). CAMELS plus system is sharia banking CAMELS that accommodates all of aspects of BMT character. CAMELS rating system plus is tested for analyzing BMT operational soundness. The accurate process is applied to synthetic and actual data of BMT, particularly with mathematics, accounting, and banking economics approximation. This system is accurate and capable for processing and analyzing step by step operational soundness of BMT: quantitative and qualitative aspects, including sharia aspects compliance. CAMELS plus assessment results are a composite rating of BMT operational soundness that is classified: quite sound (P1), sound (P2), sound enough (P3), less sound (P4), or unsound (P5); analysis and rating of soundness of every indicator, major area, and component of CAMELS; constructive advices of BMT soundness quality improvements; action plan and analysis of operational continuities. CAMELS plus results, which is continued with action plan and analysis of operational continuities, will give the best solution, whether BMT must stand in or improve its soundness qualities, for quite sound of BMT continuities.

Strong Correlations of Sharia Market To Conventional Market: Evidence From Indonesia Stock Exchange Nurhayadi, Yadi; Wijiharjono, Nuryadi
International Journal of Islamic Business and Economics (IJIBEC) IJIBEC VOLUME 1 NO. 2 DECEMBER 2017
Publisher : Faculty of Islamic Economics and Business of Institut Agama Islam Negeri (IAIN) Pekalongan

Significant differences between Islamic Economic System and Conventional Economic System should generate differences between sharia market and conventional market. Conventional market clearly is influenced by interest rate and speculation that is normal in Conventional Economic System. But, interest rate and speculation are prohibited in Islamic Economic System. Sharia market should be free of interest rate and speculation. In fact, by bivariate and multivariate analysis, financial market indicates that there are strong correlations between sharia market and conventional market. This fact is based on research on Indonesia Stock Exchange data from December 2006 to November 2016 (ten years). Sharia market is represented by Jakarta Islamic Index (JII) and Indonesia Sharia Stock Index (ISSI). Both of them have strong and positive correlation with Jakarta Stock Exchange (JSX) Composite Index or with Jakarta Stock Exchange Liquid (LQ45) Index. Jakarta Composite Index and LQ45 are classified as conventional market. These conditions indicate that sharia market goes together with conventional market in the same character. Is sharia market inconsistent with its sharia principles? Why sharia market is not running on the track?

Model Solusi Efektif Stabilitas Pasar Syariah Nurhayadi, Yadi; Rito, Rito; Al-Azizah, Ummu Salma
Al-Urban: Jurnal Ekonomi Syariah dan Filantropi Islam Vol 2 No 1 (2018): Juni
Publisher : Universitas Muhammadiyah Prof. DR. HAMKA

The Research will confirm that the differences between the Islamic Economic System and the Conventional Economic System should generate differences between the sharia market and the conventional market. Conventional Market clearly is influenced by banking interest rate, speculation, and permit gambling, disobedience, and other bussiness that are prohibited by Islamic values. However, Sharia Market should be free from banking interest rates, speculation, and not permit gambling, disobedience, and other bussiness that are prohibited by Islamic values. Through bivariate and multivariate analysis, the research conducted regression, correlation, and determination test to know whether conventional market influence on sharia market. The analysis is based on the investigation of Indonesia Stock Exchange datas from December 2006 to May 2017. In these cases, Jakarta Stock Exchange (JSX) Composite Index (Indeks Harga Saham Gabungan (IHSG)) and Jakarta Stock Exchange Liquid Index (LQ45) are classified as conventional market. Meanwhile, Sharia Market is represented by Jakarta Islamic Index (JII) dan Indonesia Sharia Stock Index (ISSI). The results show that Conventional Market has a strong and positive correlation with Sharia Market, which indicates that sharia market runs together with conventional market with the same character, in other words sharia market is still influenced mainly by banking interest rate and speculation. The research will observe specifically at the fluctuations of sharia stocks at JII and ISSI compared with the fluctuations of conventional stocks on IHSG and LQ45. The reseach quantitative methods are Least Square Bivariate Analysis dan Multivariate Analysis, serta Pearson product-moment correlation and determination coefficient. The next steps, the research will also accurately investigate the list of issuers on IHSG, LQ45, JII, and ISSI, and compare the specific sharia issuers with non-sharia issuers, so that the classification of IHSG and LQ45 as conventional market is corrected. Based on the results of the analysis of regression, correlation, determination, and investigation of datas, the research will formulate model of effective solution of sharia market stability.

Pengarahan tentang Pentingnya Pendidikan Usia Dini di Kampung Bulak, Kecamatan Pondok Gede, Bekasi Nurhayadi, Yadi; Agasi, Agi Aditiya
SYUKUR (Jurnal Inovasi Sosial dan Pengabdian Masyarakat) Vol 1 No 1 (2018): April
Publisher : Faculty of Economics and Business, University of Muhammadiyah Prof. DR. HAMKA

Adult intelligence capabilities, associated with brain tissue development have reached 50 percent when he was 4 years old. The rapid development of brain tissue occurs when the child is 8 years old and reaches its peak when he is 18 years old. After that, although the improvement of nutrition will not affect cognitive development. This means that developments occurring in the first 4 years are as great as the development that occurred over the next 14 years. The first 4-year period is a critical period for children because it is very influential on the development of the next period until adulthood, while the golden period only comes once. Optimization of early childhood education, ie education of children at the age of 4 years first becomes very important. In fact the importance of early education is still not understood by some people. The direction and guidance of the importance of early education is required. This community service program provides direction and guidance on the importance of early childhood education to communities in kampung Bulak, Pondok Gede - Bekasi. This activity is also equipped with productive philanthropy in the form of procurement of library facilities for early childhood.

THE DISTINCTION BETWEEN SHARIA MARKET AND CONVENTIONAL MARKET: A STUDY ON INDONESIA STOCK EXCHANGE Nurhayadi, Yadi; Rito, Rito
Muhammadiyah International Journal of Economics and Business Vol. 2, No.1, 2019
Publisher : Muhammadiyah University Press

The present study investigates the differences between Islamic Economic System and Conventional Economic System that supposedly lead to the differences between sharia market and conventional market. Through bivariate and multivariate analysis, regression, correlation, and determination tests were carried out to identify the effect of conventional market on sharia market. Analysis was done based on the data of Indonesia Stock Exchange from December 2006 to May 2017, The data consisted of Jakarta Stock Exchange (JSX) Composite Index (Indeks Harga Saham Gabungan, IHSG), Jakarta Stock Exchange Liquid Index (LQ45), Jakarta Islamic Index (JII), and Indonesia Sharia Stock Index (ISSI). The results show that IHSG and LQ45 have a significant positive correlation with JII or ISSI. While IHSG and LQ45 are classified as the elements of conventional market, JII and ISSI are the representation of Sharia market. It indicates that sharia market and conventional market are both present with the same character. In other words, sharia market is still influenced by banking interest rate and speculation. To confirm this finding, the list of issuers on IDX, LQ45, JII, and ISSI was examined and the specific sharia issuers were compared with non- sharia issuers, therefore the classification of IHSG and LQ45 as conventional market is corrected. Based on the results of the analysis of regression, correlation, determination, and investigation of the collected data, a model of sharia market stability is formulated.

Analisis Faktor yang Mempengaruhi Jumlah Penerimaan Zakat pada Baznas Tahun 2015- 2023 Refi Emilia Svetlana; Nurhayadi, Yadi; Legowati, Diah Ayu
Al-Urban: Jurnal Ekonomi Syariah dan Filantropi Islam Vol. 8 No. 1 (2024)
Publisher : Universitas Muhammadiyah Prof. DR. HAMKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22236/alurban_vol8.i1/17905

This research aims to determine the effect of inflation, money supply, and minimum wage on the amount of zakat receipts at BAZNAS. This research uses quantitative research with ratio scale datas. The data collection technique method in this research is the documentation method which takes data reports on the official websites of Bank Indonesia, Badan Pusat Statistik, and Badan Amil Zakat Nasional from 2015 to 2023. The data analysis method for this research uses multiple linear regression analysis by carrying out classical assumption test and hypothesis testing. The data processing tool used is the Stata 17 program. The results of this research show that partially inflation has no significant effect on the amount of zakat receipts, the amount of money supply has a positive significant effect on the amount of zakat receipts, and the minimum wage has no significant effect on the amount of zakat receipts. Then, simultaneously the variables inflation, money supply, and minimum wage have a significant effect on the amount of zakat receipts.

Strong Correlations of Sharia Market to Conventional Market: Evidence from Indonesia Stock Exchange Nurhayadi, Yadi; Wijiharjono, Nuryadi
International Journal of Islamic Business and Economics (IJIBEC) Vol 1 No 2 (2017): Volume 1 Nomor 2 Tahun 2017
Publisher : Universitas Islam Negeri K.H. Abdurrahman Wahid Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28918/ijibec.v1i2.1003

Significant differences between Islamic Economic System and Conventional Economic System should generate differences between sharia market and conventional market. Conventional market clearly is influenced by interest rate and speculation that is normal in Conventional Economic System. But, interest rate and speculation are prohibited in Islamic Economic System. Sharia market should be free of interest rate and speculation. In fact, by bivariate and multivariate analysis, financial market indicates that there are strong correlations between sharia market and conventional market. This fact is based on research on Indonesia Stock Exchange data from December 2006 to November 2016 (ten years). Sharia market is represented by Jakarta Islamic Index (JII) and Indonesia Sharia Stock Index (ISSI). Both of them have strong and positive correlation with Jakarta Stock Exchange (JSX) Composite Index or with Jakarta Stock Exchange Liquid (LQ45) Index. Jakarta Composite Index and LQ45 are classified as conventional market. These conditions indicate that sharia market goes together with conventional market in the same character. Is sharia market inconsistent with its sharia principles? Why sharia market is not running on the track?

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