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Implementation of A Contemporary Model Between Trading Volume, Bid-Ask Spreads, And Stock Return Volatility (Case Study : The Business-27 Index) Agung, Andi; Zaqiyah, Arfatuz; Rozikin, Muhammad; Wafa, Moh. Shohibul; Nuha, Agusyarif Rezka
JURNAL SINTAK Vol. 2 No. 2 (2024): Vol. 2 No. 2 (2024): MARET 2024
Publisher : LPPM-ITEBA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62375/jsintak.v2i2.223

Abstract

Artikel ini memuat analisis hubungan antar variabel perdagangan saham yakni volume perdagangan, bid-ask spreads, dan volatilitas return saham dalam ruang lingkup dua hipotesis utama yakni the mixture of distribution hypothesis (MDH) dan the sequential information arrival hypothesis (SIAH). Hasil perhitungan mengidentifikasi bahwa pada sebagian besar saham terdapat hubungan kontemporer positif antara volume perdagangan terhadap voltilitas return tidak cukup bukti mendukung teori MDH.
Causality Model of Trading Variables Between Trading Volume, Bid-Ask Spreads, and Stock Return Volatility (Case Study: Bisnis-27 Index) Agung, Andi; Zaqiyah, Arfatuz; Rozikin, Muhammad; Wafa, Moh. Shohibul; Nuha, Agusyarif Rezka; Sulistyono, Eko
JURNAL SINTAK Vol. 3 No. 1 (2024): SEPTEMBER 2024
Publisher : LPPM-ITEBA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62375/jsintak.v3i1.317

Abstract

This research explores the causality model between trading volume, bid-ask spread, and stock return volatility in the business index-27. Utilizing historical data, Granger causality analysis is employed to determine the direction and strength of the relationships between these variables. The findings reveal significant causal relationships among trading volume, bid-ask spread, and stock return volatility. These findings offer valuable insights into understanding stock market dynamics and their implications for investment decision-making. Moreover,This article contains an analysis of the relationship between stock trading variables within the scope of two main hypothesis namely the mixture of distribution hypothesis (MDH) and the sequential information arrival hypothesis (SIAH). The calculation results identify that for most stocks there is a one way Granger causality relationship between trading volume and return volatility, which is not sufficient evidence to support the MDH theory.
THE EFFECTIVENES OF OUTING CLASS BASED CONTEXTUAL LEARNING ON UNDERSTANDING ENGLISH VOCABULARY IN JUNIOR HIGH SCHOOL LEVEL Yuniar, Rendhi Fatrisna; Rozikin, Muhammad
English Edu: Journal of English Teaching and Learning Vol 3 No 2 (2024): Innovative strategies and instructional media for English language teaching.
Publisher : Universitas Islam Negeri Maulana Malik Ibrahim Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18860/jetl.v3i2.12302

Abstract

The lexicon is a fundamental aspect that educators must focus on, as it encompasses all the words understood and used by an individual. The importance of an effective vocabulary program, which includes extensive reading, specific word instruction, independent word learning strategies, and word-play activities. Recent educational innovations, such as Outing Class Based Contextual Learning, aim to enhance students' vocabulary skills by incorporating real-life experiences into the learning process. Nawas (2018) highlights the benefits of the Contextual Teaching and Learning (CTL) approach in empowering students, fostering an interactive learning environment, and promoting collaboration. The primary focus of this study is to explore the implementation of class-based contextual learning strategies in order to enhance the comprehension of English vocabulary among junior high school students. The selection of this particular group is based on their active cognitive development, as outlined by Bujuri (2018). Employing a quantitative approach with a quasi-experimental design, the research involved two experimental groups: one receiving the treatment and the other serving as a comparison. The findings revealed significant improvements in the experimental group, with an average post-test score of 79,39, compared to the control group's score of 72.58. This disparity underscores the effectiveness of class-based contextual learning methods in enhancing the understanding of English vocabulary. From a practical standpoint, the aim of this research is to offer alternative teaching approaches to educators, enabling students to learn beyond the confines of the traditional classroom. This method proves highly effective in the current era, as it introduces a new learning environment, particularly in fostering enthusiasm for English vocabulary acquisition. Outing class-based learning offers the advantage of strengthening the relationship between subject matter and real-world contexts, thereby providing a more meaningful learning experience for students.
Implementasi Total Quality Management (TQM) dalam Pengelolaan Zakat di Lazisnu Plumpang Tuban Rozikin, Muhammad; Rosyidah, Irma
Journal of Industrial and Syariah Economics Vol. 1 No. 2 (2024): April
Publisher : Program Studi Ekonomi Syariah STAI Senori Tuban

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63321/jise.v1i2.31

Abstract

This research talks about the implementation of total quality management in zakat management at LAZISNU Plumpang. Total quality management is an approach to running a business that tries to maximize organizational competitiveness through continuous improvement of products, services, people, processes and the environment. Therefore, the author formulates the problem 1) what is the process of implementing Total Quality Management in zakat management at LAZISNU Plumpang? 2) What efforts has LAZISNU Plumpang made to improve TQM for zakat management? 3) what are the obstacles of Total Quality Management in managing zakat. This research uses a qualitative descriptive approach by collecting data that is collected laterinterpreted with words. This research uses observation methods, structured interviews and documentation. After obtaining the data, the author can conclude that TQM is a strategy to maximize competitiveness that is oriented towards customer satisfaction with the goods and services offered by the organization. By maximizing employee performance in order to achieve organizational improvement and progress.
Analisis Dana ZIS Produktif Terhadap Kesejahteraan Mustahik Melalui Pertumbuhan Usaha Mikro Sebagai Variabel Intervening Afsah Novita Sari; Rozikin, Muhammad; Alvionita Ferima, Cynthia
Journal of Islamic Philanthropy and Disaster (JOIPAD) Vol. 5 No. 1 (2025): January-June 2025
Publisher : Institut Agama Islam Negeri Ponorogo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21154/joipad.v5i1.10957

Abstract

Zakat is an act of worship performed by the Islamic community which has a social value of mutual help. The growth of zakat management institutions increased to help underprivileged people. This research report aims to analyze and test the effect of productive ZIS on mustahik welfare through micro business growth as an intervening variable. The effect of Productive ZIS on micro business growth. The effect of Micro Business Growth on mustahik welfare and the effect of productive ZIS on musthik welfare. The research location is NU Care - Lazis NU Kediri Regency which has a list of superior activities for mustahik economic empowerment. A total of 47 samples of this study were taken as survey data collection. Data analysis was carried out with a quantitative approach using the Path Analysis model of the SmartPLS version 3.0 application. The results of the analysis show that ZIS has a significant positive effect on micro business growth. Micro Business Growth has no effect on mustahik welfare. Productive ZIS has no significant effect on mustahik welfare. The effect of Productive ZIS has no significant effect on mustahik welfare mediated by micro business growth. Assistance in the form of productive ZIS requires supervision and additional resources.
ANALISIS IMPLEMENTASI MULTI AKAD PRODUK CICILAN EMAS DI BANK SYARIAH INDONESIA KCP.HAYAM WURUK JAMBI (TINJAUAN HUKUM EKONOMI SYARIAH) Rozikin, Muhammad; Syamilah, Syarifah
MARGIN: Journal of Islamic Banking Vol 5 No 1 (2025): MARGIN JOURNAL OF ISLAMIC BANKING
Publisher : UIN Sulthan Thaha Saifuddin Jambi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30631/jrrz3r53

Abstract

Penelitian ini bertujuan untuk menganalisis implementasi praktik cicilan emas di Bank Syariah Indonesia Kantor cabang pembantu Hayam Wuruk Jambi dan tinjauan praktik nya secara hukum ekonomi syariah. Metode ini menggunakan pendekatan kualitatif, normative, social dan yuridis. Hasil dari penelitian ini bahwasanya praktik cicil emas menggunakan konsep multi Akad yang menggabungkan Akad Murabahah sebagai akad jual beli dan Akad Rahn sebagai akad untuk menahan Kembali barang objek Akad dan di tinjau menurut hukum ekonomi syariah penggunaan multi Akad dalam transaksi cicil emas tersebut diperbolehkan karena merupakan usaha yang bertujuan untuk mencegah terjadinya kerugian, serta ‘urf (adat kebiasaan) yang boleh dilakukan karena tidak ada dalil yang khusus melarang dan penggunaannya tidak mengakibatkan kemafsadatan, kesulitan, dan kesempitan bagi kedua belah pihak.
Analisis Kepatuhan Hukum Bank terhadap Regulasi OJK dan BI dalam Implementasi Layanan Digital Banking Rozikin, Muhammad
Journal of Islamic Finance and Syariah Banking Vol. 3 No. 1 (2025): October
Publisher : Program Studi Perbankan Syariah STAI Senori Tuban

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.63321/jifsb.v3i1.119

Abstract

This study aims to analyze the level of legal compliance of banks with regulations established by the Financial Services Authority (OJK) and Bank Indonesia (BI) in the provision of digital banking services in Indonesia. The research focuses on the extent to which banking institutions are able to implement the principles of prudence, good governance, and compliance with legal provisions amidst the rapid development of financial technology. The research method used is a descriptive qualitative approach with literature study techniques through a review of laws and regulations, academic literature, and previous research results relevant to the topic of legal compliance and digital banking regulations. The analysis was conducted to understand the relationship between regulations, financial institutions' compliance behavior, and their impact on the stability of the national banking system. The results show that the level of legal compliance of banks is significantly influenced by the effectiveness of regulations, legal awareness of industry players, and institutional capacity in implementing internal supervisory systems. The OJK and BI have a strategic role in regulating, supervising, and adapting regulations to align with the development of digital banking, including through the implementation of digital-based supervisory technology (RegTech). Legal compliance is a crucial element in maintaining public trust, transaction security, and the sustainability of digital banking in Indonesia.