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Macroeconomic Determinants of Islamic Stock Market Performance: An Analysis of Interest Rates, Inflation, Exchange Rates and Gold Prices Layaman, Layaman; Abdul Wadud, Abdul Muizz; Jaelani, Aan; Mawaddah, Zazilatul
Li Falah: Journal of Islamic Economics and Business Vol. 9 No. 1 (2024): June 2024
Publisher : Institut Agama Islam Negeri Kendari

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31332/lifalah.v1i1.10773

Abstract

This study investigates how key macroeconomic variables influence the Islamic stock market in Indonesia through analysis of the Jakarta Islamic Index (JII). The research examines the impact of interest rates, inflation, exchange rates, and global gold prices on Islamic stock price movements, using monthly time series data from 2017 to 2021. The study employs multiple linear regression analysis with classical assumption tests to analyze the relationships between these variables. The findings reveal that interest rates have a significant positive effect on Islamic stock prices, while exchange rates demonstrate a significant negative impact. Inflation shows a negative but insignificant influence, and global gold prices exhibit a negative but statistically insignificant effect on the Islamic stock index. The model explains 69.8% of the variance in Islamic stock prices, indicating the substantial role of macroeconomic factors in determining Islamic stock market performance. These results provide valuable insights for investors, policymakers, and market participants in understanding the dynamics of Islamic stock markets and their relationship with broader economic conditions. The study contributes to the growing literature on Islamic finance by demonstrating how Sharia-compliant investments respond to various macroeconomic factors, offering practical implications for investment strategies and market regulation.
Juridical and Socio-Cultural Analysis of Inheritance Distribution Under the Customary Law System of the Dayak Community in Indramayu Busthomi, Achmad Otong; Jaelani, Aan; Setyawan, Edy; Abadi, Khafid; Syam, Roqiyul Ma’arif
Hikmatuna : Journal for Integrative Islamic Studies Vol 11 No 1 (2025): Hikmatuna: Journal for Integrative Islamic Studies, June 2025
Publisher : UIN K.H. Abdurrahman Wahid Pekalongan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.28918/hikmatuna.v11i1.10963

Abstract

This study aims to analyze the inheritance distribution system within the Dayak community in Indramayu using a juridical-socio-cultural approach. The research employs a qualitative-descriptive method, integrating the analysis of positive law and customary law with local socio-cultural values specific to the community’s unique context. Data were collected through field observations, document studies, and semi-structured interviews with customary leaders and members of the Dayak community. The data analysis technique is based on the interactive model of Miles and Huberman and utilizes a normative-juridical and cultural-interpretive approach to explore the ongoing dynamics. The findings reveal that the bilateral kinship structure and customary principles such as Sejarah Alam Ngaji Rasa (the natural history of internal reflection), Menyatu dengan Alam (oneness with nature), and Ngaula Ning Anak Rabi (dedication to one's offspring and their spouses) influence an egalitarian inheritance system, although variations exist among subgroups. However, within the framework of legal pluralism and distributive justice, the system still reflects disparities, particularly concerning the rights of women and adopted children in matters of inheritance. The study recommends reformulating customary law to be more responsive to contemporary social justice values and to ensure the principles of non-discrimination and equality in the inheritance distribution process.
The Effect Of Price Discounts And Online Customer Ratings On Grabfood Consumer Loyalty On Salero Restaurant, South Jakarta Mar’i, Idzan Ihdil; Layaman; Jaelani, Aan
Cirebon International Journal of Economics and Business Vol. 2 No. 2 (2024): October 2024
Publisher : Faculty of Islamic Economics and Business IAIN Syekh Nurjati Cirebon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70095/cijeb.v2i2.169

Abstract

Technological developments have resulted in the creation of online food delivery services that allow consumers to order food without having to come to the location. Efforts need to be made to maintain loyalty to consumers who use Grabfood services. The purpose of this study is to determine the effect of price discounts and online customer ratings on Grabfood consumer loyalty at Salero Restaurant. The research method used is a quantitative approach with an associative research type. Data collection was carried out using a questionnaire. The number of samples in this study was 100 respondents. The determination of respondents used a purposive sampling method with the following criteria: (1) respondents are users of Grabfood services on the Grab application, and (2) respondents have ordered Grabfood at the Salero Restaurant Merchant in South Jakarta at least once. The results of the study show that: (1) price discounts have a significant effect on Grabfood consumer loyalty at Salero Restaurant with a calculated tvalue > t table, namely 6.213 > 1.985. (2) Online customer ratings have a significant effect on Grabfood consumer loyalty at Salero Restaurant with a calculated t value > t table, namely 4.830 > 1.985. (3) Price discount and online customer rating simultaneously have a significant effect on Grabfood consumer loyalty at Salero Restaurantwith a calculated f value > f table, namely 56.783 > 3.09.
Upaya Pengembangan SDM Dalam Meningkatkan Kualitas Layanan Di PT Bank Tabungan Negara (Persero) Tbk Pratama, Gama; Jaelani, Aan
Ecobankers : Journal of Economy and Banking Vol. 4 No. 1 (2023): Ecobankers : Journal of Economy and Banking
Publisher : Prodi Perbankan Syariah Fakultas Ekonomi dan Bisnis Islam Universitas Islam Bunga Bangsa Cirebon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47453/ecobankers.v4i1.1135

Abstract

Sumber daya manusia merupakan hal yang sangat penting dalam perkembangan perusahaan dan upaya tercapainya tujuan perusahaan. Layanan yang baik dan berkualitas sangat penting bagi nasabah bank, karena mereka mengandalkan bank untuk menyelesaikan berbagai kebutuhan keuangan mereka. Berikut adalah beberapa alasan mengapa layanan yang baik dan berkualitas sangat penting bagi nasabah bank. Rumusan masalah yang diajukan adalah Bagiamana kualitas layanan yang ada di Bank Tabungan Negara KCP Sumber? Bagaimana upaya pihak Bank Tabungan Negara KCP Sumber dalam meingkatkan kemampuan SDM guna terciptanya kualitas layanan yang baik? Penelitian ini menggunakan pendekatan kualitatif. Pendekatan yang menitikberatkan kepada pencarian data menggunakan teknik wawancara, observasi, dan studi pustaka. Peneliti mendeksripsikan hasil yang ditemui baik hasil wawancara maupun observasi lapangan. Hasil yang peneliti peroleh BTN Kantor Cabang Pembantu Sumber ini dalam upaya pengembangan SDM melalui pelatihan sebagaimana dengan prosedur yang berlaku dalam menjadi karyawan Bank BTN Kantor Cabang Pembantu Sumber yang berkualitas. Sedangkan dalam meningkatkan kualiatas pelayanan karyawan Bank BTN Kantor Cabang Pembantu Sumber mengikuti Standar Operasional prosedur yang berlaku seperti pelayanan yang cepat dan tanggap, melayani dengan sopan, dan menjaga kesabaran dalam mendengarkan keluhan nasabah dengan mencari solusi yang tepat
Transformation and Sustainability of Livelihoods in Muslim Families Yasin, Ahmad Alamuddin; Salikin, Adang Djumhur; Jaelani, Aan; Setyawan, Edy
AL-ISTINBATH : Jurnal Hukum Islam Vol 8 No 2 November (2023)
Publisher : Institut Agama Islam Negeri Curup

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29240/jhi.v8i2.6722

Abstract

From the perspective of classical scholars, the only things that constitute a livelihood are clothes, food, and lodging. According to traditional scholars, the husband is not responsible for taking care of the family's health, education, or any essential needs except clothing, food, and shelter. Wives frequently demand goods that are not even primary needs, which causes complications. The implementation of a living is not in accordance with the notions of classical fiqh since of course how individuals see how to provide for themselves has changed through time. The implementation of maintenance in Islamic families in Indonesia and the causes that cause different maintenance implementations will be the main topics of this study. Therefore, this study aims to analyze the transformation of livelihood in Muslim families. Multiple case studies, also known as collective case studies, are used in this study. Primary and secondary data sources were used to gather the data. Data reduction, data presentation, and data verification were used in the data analysis process. According to the study's findings, although life was once thought of as a gift a husband gave to his wife and only addressed a few basic necessities, it is no longer the same. The findings of this study offer a notion of five changes in livelihood. Specifically, transformation and continuation of the definition of subsistence, transformation and continuation of subsistence customs, transformation and continuation of subsistence forms, and transformation and continuation of subsistence processes.
Pemikiran Ekonomi Islam Tentang Konsep Produksi Mutadi, Mutadi; Jaelani, Aan; Wartoyo, Wartoyo
Journal of Accounting and Finance Management Vol. 6 No. 5 (2025): Journal of Accounting and Finance Management (November - December 2025)
Publisher : DINASTI RESEARCH

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/jafm.v6i5.2588

Abstract

Pemikiran ekonomi Islam pada konsep produksi untuk mengimbangi pemikiran ekonomi produksi konvensional yang mana dalam ekonomi Islam memandang ekonomi berada di tengah dan memperjuangkan keseimbangan yang adil di semua bidang ekonomi, termasuk keseimbangan antara bisnis dan modal, sehingga menghasilkan output yang seimbang antara pemilik pabrik dan pekerja serta output produk yang halalan toyibah dan berkah untuk konsumen, dan pemilik perusahaan serta memberikan dampak manfat untuk kelompok sosial. Metode penelitian dalam penelitian ini menggunakan metode kwalitatif dengan riset pada jurnal sebelumnya dengan meneliti road map dari hasil karya yang sudah ekisis. Hasil Penelitian bahwa  konsep  produksi secara Islam dengan system bagi hasil dan membayar upah pekerja sebelum kering keringatnya, menghasilkan produk yang halalan toyibah dan berkah serta menguntungkan. Penegasan ini dapat diterima jika perilaku prinsip Islam ini dikerjakan dengan komprehensip, terhadap sarana, prasarana, peralatan produksi, bahan produksi yang halal dan metode konsep produksi secara syari’, konsep distribusi dan konsumsi secara Islam, maka menghasilkan barang produksi yang bermanfaat dan berkeadilan dan seimbang.
REAKTUALISASI PEMIKIRAN EKONOMI ISLAM TENTANG INVESTASI DAN TABUNGAN DI ERA DIGITAL: INTEGRASI ETIKA SYARIAH, LITERASI KEUANGAN, DAN TRANSFORMASI EKONOMI BERKELANJUTAN Lestari, Ayu Gumilang; Wartoyo, Wartoyo; Jaelani, Aan
AT-TAWASSUTH: Jurnal Ekonomi Islam Jurnal At-Tawassuth | Vol. X | No. 2 | 2025
Publisher : Universitas Islam Negeri Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30829/ajei.v10i2.26857

Abstract

This study reexamines Islamic economic thought on savings and investment in the digital age by combining classical principles and modern financial innovations. Using a qualitative method based on literature review, this study highlights the relevance of the thoughts of Ibn Khaldun, Al-Ghazali, and Muhammad Baqir al-Sadr to contemporary Islamic finance practices. The research findings show that reactualizing investment and savings in the Islamic economy in the digital era requires the integration of sharia ethics, sharia financial literacy, and a sustainability orientation. The thoughts of Ibn Khaldun, Al-Ghazali, and Baqir al-Sadr emphasize the importance of fair and speculation-free wealth circulation. Although the development of sharia fintech and digital instruments has increased financial inclusion, challenges such as low literacy, cybersecurity risks, and the potential for deviation from fatwas remain significant. Therefore, reactualizing sharia values through education and strengthening regulations is key to building an ethical, inclusive, and sustainable digital financial ecosystem.
FAMILY BUSINESS "FROM HOME ONLY" DURING THE COVID-19 OUTBREAK IN INDONESIA: PROSPECTS AND STRATEGIES Jaelani, Aan; Yusuf, Ayus Ahmad; Layaman, Layaman; Aziz, Abdul; Rokhlinasari, Sri
Cirebon International Journal of Economics and Business Vol. 3 No. 2 (2025): Oktober 2025
Publisher : Faculty of Islamic Economics and Business IAIN Syekh Nurjati Cirebon

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70095/cijeb.v3i2.190

Abstract

This article will explore the spread of COVID-19 which has an impact on the family economy in Indonesia. The lack of literature on family businesses during the economic crisis caused by the Coronavirus outbreak shows that this study is very important for family-run businesses. Business opportunities and prospects remain open to every family, but this requires a change in strategy in managing its business that is facing changes in work culture and the community's first choice in meeting needs. The qualitative method was used to read the initial phenomena about the family economic and business conditions of the COVID-19 in Indonesia with secondary data sources from reputable international publications, the Task Force for the Acceleration of Handling COVID-19 of Indonesian and WHO Coronavirus Disease, and the ideas of business practitioners. The conclusion of this paper is that the prospects of a family-run business are very open and even have the opportunity to succeed in the COVID-19 period by carrying out basic intervention dimensions that support smart, sustainable, and inclusive growth in family businesses: survival and longevity, firm growth, innovation, internationalization, and entrepreneurship.
Digitalisasi Dan Transformasi Teknologi Dalam Pengembangan Industri Halal Di Era Ekonomi Digital: Digitalisasi dan Transformasi Apriliyani, Feni; Munajat, Ma'mur; Fatmasari, Dewi; Jaelani, Aan
Jurnal Hukum Ekonomi Syariah Vol 4 No 2 (2025): Jurnal Hukum Ekonomi Syariah
Publisher : STAI Al Musaddadiyah Garut

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37968/jhesy.v4i2.1851

Abstract

The development of the digital economy has brought significant changes to the halal industry through digitalization and technological transformation. The use of digital technology affects not only production and distribution processes but also halal certification systems, supply chain transparency, and marketing strategies for halal products. On the one hand, this transformation creates opportunities to improve business efficiency and expand market access, particularly for halal industry players. On the other hand, it presents challenges related to human resource readiness, digital literacy, and the consistent application of ethical values and sharia compliance. This study aims to examine the role of digitalization and technological transformation in the development of the halal industry in the digital economy era. The research adopts a qualitative approach using a literature review method by analyzing academic publications, policy documents, and digital-based halal industry practices. The findings indicate that digitalization contributes positively to accelerating halal certification processes, enhancing product traceability, and expanding marketing reach through digital platforms. Technological transformation also encourages the emergence of innovative halal business models that are more adaptive to market dynamics. Nevertheless, the development of a digital-based halal industry requires responsive regulatory support, strengthened digital literacy among business actors, and the integration of sharia values to ensure that technological utilization remains sustainable and responsible. Keywords: digitalization; technological transformation; halal industry; digital economy.
Strategi Meningkatkan Daya Saing Produk Halal di Pasar Global: Membangun Ekosistem Digital dan Integritas Rantai Nilai Raihan Yahya Ismail; Poni Purwati; Aan Jaelani; Dewi Fatmasari
Journal of Islamic Economics and Finance Vol. 2 No. 1 (2026): Journal of Islamic Economics and Finance
Publisher : Athallah Publishing Globalindo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.64845/al-mudayanah.v2i1.134

Abstract

Pertumbuhan pasar halal global menunjukkan peningkatan signifikan dan menjadi salah satu sektor ekonomi yang paling prospektif. Namun, daya saing produk halal Indonesia masih menghadapi sejumlah tantangan mulai dari kompleksitas sertifikasi halal internasional, lemahnya pemanfaatan teknologi digital oleh UMKM, hingga keterbatasan transparansi dalam rantai pasok. Penelitian ini bertujuan merumuskan strategi untuk meningkatkan daya saing produk halal di pasar global melalui penguatan ekosistem digital dan integritas rantai nilai halal. Penelitian ini menggunakan metode Systematic Literature Review (SLR) dengan mengkaji jurnal bereputasi dalam rentang 2020–2025 untuk mengidentifikasi strategi yang efektif dalam aspek sertifikasi, digitalisasi pemasaran, serta penguatan Halal Supply Chain Management yang terintegrasi teknologi blockchain. Temuan penelitian menunjukkan bahwa daya saing produk halal tidak hanya ditentukan oleh status kehalalan, tetapi juga transparansi proses produksi, penerapan standar kualitas internasional, serta pemanfaatan teknologi digital terutama e-commerce, branding digital, dan sistem ketertelusuran berbasis blockchain. Integrasi ketiga aspek tersebut memperkuat kepercayaan konsumen global sekaligus membuka peluang ekspor lebih luas bagi UMKM. Dengan demikian, peningkatan daya saing halal membutuhkan sinergi antara pelaku usaha, pemerintah, serta dukungan ekosistem digital dan regulasi yang berpihak pada inovasi.