Resi Ariyasa Qadri
Universitas Trisakti

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Internal and External Determinants of Bank Syariah Indonesia Capital Gain during the Pandemic Resi Ariyasa Qadri; Etty Murwaningsari
Journal of Governance Risk Management Compliance and Sustainability Vol. 3 No. 2 (2023): October Volume
Publisher : Center for Risk Management & Sustainability and RSF Press

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31098/jgrcs.v3i2.1875

Abstract

This paper seeks to confirm and explain the relationship between internal factors of stock-lagged return and trading volume and external factors of composite price on returns of Bank Syariah Indonesia or BRIS. We collect the daily financial data of BRIS stock, Indonesia composite index, gold price, exchange rate, and Bank of Indonesia's deposit rate from the Refinitiv database. We obtained 1,230 time-series data to be analyzed further by implementing time-series analyses. Our research shows that the autoregressive integrated moving average (1,1,0) is the best model for univariate and multivariate analysis. Our study finds that lagged return has a negative effect on the bank’s daily return while trading volume has a positive impact on daily return. Our research reveals that composite price has the same effect as trading volume on daily return. Investors, especially short-term traders, may use our findings to formulate a different strategy for dealing with the volatility of Bank Syariah Indonesia stock. Our research contributes to the investment field by developing a new measurement for predicting the bank’s return when conducting short-term trading.
Establishing Cash-Waqf Model for Infrastructure Funding: The Analytic Network Process Study Resi Ariyasa Qadri; Etty Murwaningsari
International Journal of Emerging Issues in Islamic Studies Vol. 3 No. 2 (2023): December 2023
Publisher : Research Synergy Foundation

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31098/ijeiis.v3i2.1851

Abstract

This research aims to build a cash waqf governance framework that incorporates blended finance to develop the infrastructure in Nusantara, which is the proposed future capital city of Indonesia. Data was collected through a combination of interviews with eight informants and a survey administered to thirty respondents. The acquired data was analyzed using a mixed method that included the thematic evaluation and the analytic network process. The present study posits that the utilization of cash waqf, as a form of innovative financing mandated by the government, holds potential for the development of health infrastructure in the newly established capital of the nation. The findings of this study have significant implications for the development of policies aimed at adopting the blended finance governance structure required by the government.