Claim Missing Document
Check
Articles

Analysis of the CAMEL Ratio in Predicting Bankruptcy Using the Altman Z-Score Approach: Evidence from Islamic Commercial Banks in Indonesia (2010–2021) Erliza Ambun Lubis; Darwis Harahap; Abdul Nasser Hasibuan
ROE: Research of Economics and Business Vol. 1 No. 2 (2025): (October) ROE: Research of Economics and Business
Publisher : PT. Altaf Publishing Corp

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.70895/roe.v1i2.81

Abstract

This study aims to analyze the CAMEL ratio (Capital, Asset, Management, Earning, and Liquidity) in predicting bankruptcy in Sharia Commercial Banks using the Altman Z-Score approach. The CAMEL components analyzed include the Capital Adequacy Ratio (CAR), Non-Performing Financing (NPF), Return on Assets (ROA), Financing to Deposit Ratio (FDR), and Operating Costs to Operating Income (BOPO). The study uses quantitative descriptive methods with panel data regression and the Granger causality test, based on quarterly financial reports from 2010 to 2021 obtained from OJK and Bank Indonesia publications. The findings reveal that under the Fixed Effect Model (FEM), ROA and CAR significantly influence the Altman Z-Score, while FDR, NPF, and BOPO show no significant impact. The Granger causality results indicate that CAR, FDR, BOPO, and ROA maintain healthy performance ratios, implying that the overall Sharia banking system remains financially sound, although certain components reflect potential early warnings of financial distress. These results highlight the importance of consistent monitoring through the CAMEL framework and Altman Z-Score to anticipate systemic banking risks.  
USE OF ANP IN DEVELOPING HAJORAN SALTED FISH BUSINESS PLAN TO IMPROVE COMPETITIVENESS Siti Zubaida Sinaga; Darwis Harahap; Utari Evy Cahyani
JURNAL PROFIT Vol 8, No 2 (2024): Economic and Financing
Publisher : Nurul Jadid University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33650/profit.v8i2.13212

Abstract

This study aims to analyze the factors that affect the development of salted fish Micro Small Businesses in Hajoran Village , Pandan District, Central Tapanuli Regency, and formulate a development model using the Analytical Network Process (ANP) approach. This study uses a quantitative descriptive method with data collection techniques through observation, interviews, and questionnaires of 15 respondents consisting of Micro Small Business actors , community leaders, and related government agencies. The data is analyzed using Super Decisions software to determine the priority weight between factors and produce an effective and sustainable development strategy. The results of the study show that the main inhibiting factors for the development of salted fish Micro Small Businesses come from limited business capital (0.303), financial management (0.256), and availability of raw materials (0.249), while from external aspects include lack of partnerships (0.405), limited infrastructure (0.307), and lack of government policy support (0.279). The priority solutions produced through the ANP analysis are cooperation with financial institutions, strengthening collaboration between the government, the private sector, and the community, and building business networks and communities. The main strategy recommended is collaboration between local governments, academics, and the business world with the support of cooperatives as a capital and distribution booster. This ANP-based development model is expected to be a reference in empowering coastal Micro Small Businesses to improve the competitiveness and economic welfare of the community in a sustainable manner
ANALYSIS OF THE EFFECTIVENESS OF GOLD AND SUKUK AS A HEDGE Windi Wahyuni Simanjuntak; Darwis Harahap; Abdul Nasser Hasibuan
Multidiciplinary Output Research For Actual and International Issue (MORFAI) Vol. 4 No. 4 (2024): Multidiciplinary Output Research For Actual and International Issue
Publisher : RADJA PUBLIKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54443/morfai.v4i4.2452

Abstract

This study aims to analyze and compare the effectiveness of gold and sukuk as hedging instruments. Using historical data for the period 2014-2023, the study was conducted using a quantitative methodology through granger causality test analysis, One way ANOVA, Paired sample t-test. The results of the study show that gold has a higher effectiveness as a hedging instrument, as evidenced by a correlation of 0.72 (compared to sukuk 0.31), beta 1.25 (compared to sukuk 0.45), and Sharpe Ratio 1.85 (compared to sukuk 1.12). In periods of high inflation such as 2014 (8.36%) and 2022 (5.95%), gold showed a faster and more proportional response than sukuk. This study concludes that gold is a more effective hedging instrument than sukuk in the context of the Islamic financial market.
URGENSI LARANGAN PERKAWINAN SATU MARGA PADA MASYARAKAT DESA SIGAMA UJUNG GADING KECAMATAN PADANG BOLAK KABUPATEN PADANG LAWAS UTARA Harahap, Darwis; Kaban, Maria; Sembiring, Rosnidar
JOURNAL OF SCIENCE AND SOCIAL RESEARCH Vol 9, No 1 (2026): February 2026
Publisher : Smart Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54314/jssr.v9i1.5857

Abstract

Abstract: Sigama Village, Ujung Gading, still applies severe customary sanctions to those who practice same-marriage marriages, even though the marriage is legally valid and not prohibited. Sanctions such as large fines, social exclusion, revocation of inheritance rights, and prohibitions on participating in customary activities are still enforced because the community believes that same-marriage marriages bring shame, disaster, and disrupt kinship order. This situation creates tension between custom and positive law, while also showing the difference between general Batak customary rules and specific customary practices in the village. Therefore, this issue is important to study to see the extent to which these customary prohibitions and sanctions are still relevant in today's community life. Using a normative juridical method that examines documents related to the research problem. The results of the study show that the Batak Angkola customary marriage in Paluta still prohibits same-marriage marriages because they are considered to violate customary order, even though state law does not prohibit it. As a result, tension arises between custom and positive law, especially regarding social status and inheritance rights. Perpetrators of same-marriage marriages often receive customary sanctions such as fines and ostracism. This situation demonstrates that society is still striving to maintain traditions amidst modern social change. Keywords: marriage, customary law, legal consequences Abstrak: Desa Sigama Ujung Gading masih menerapkan sanksi adat yang berat terhadap pelaku perkawinan semarga, meskipun secara hukum negara perkawinan tersebut sah dan tidak dilarang. Sanksi seperti denda besar, pengucilan sosial, pencabutan hak waris, hingga larangan mengikuti kegiatan adat tetap diberlakukan karena masyarakat meyakini bahwa perkawinan semarga membawa aib, musibah, dan mengganggu tatanan kekerabatan. Situasi ini menimbulkan ketegangan antara adat dan hukum positif, sekaligus menunjukkan adanya perbedaan antara aturan adat Batak secara umum dengan praktik adat khusus di desa tersebut. Oleh karena itu, persoalan ini penting dikaji untuk melihat sejauh mana larangan dan sanksi adat tersebut masih relevan dalam kehidupan masyarakat saat ini. Dengan metode yuridis normatif yang mana meneaalha dokumen-dokuman yang berkaitan dengan masalah penelitian. Hasil penelitian menunjukkan bahwa Perkawinan adat Batak Angkola di Paluta tetap melarang perkawinan semarga karena dianggap melanggar tatanan adat, meskipun hukum negara tidak melarangnya. Akibatnya muncul ketegangan antara adat dan hukum positif, terutama terkait status sosial dan hak waris. Pelaku perkawinan semarga sering menerima sanksi adat seperti denda dan pengucilan. Situasi ini menunjukkan bahwa masyarakat masih berusaha mempertahankan tradisi di tengah perubahan sosial modern. Kata kunci perkawinan, hukum adat. Akibat hukum
DETERMINANTS OF NON-MUSLIM COMMUNITY INTENTION TO PURCHASE HALAL-LABELED PRODUCTS Hayati, Syarifah; Harahap, Darwis; Cahyani, Utari
International Journal of Economics, Business and Accounting Research (IJEBAR) Vol 9 No 4 (2025): IJEBAR, VOL. 09 ISSUE 04, DECEMBER 2025
Publisher : LPPM ITB AAS INDONESIA (d.h STIE AAS Surakarta)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/ijebar.v9i4.19458

Abstract

This study aims to analyze the factors influencing non-Muslim consumers' purchasing interest in halal-labeled products in North Tapanuli Regency. The study used a descriptive quantitative approach involving 92 respondents and was analyzed using the SEM-PLS method. The results showed that understanding, price, and promotion directly influenced purchasing interest, while understanding and price influenced attitudes. However, attitudes did not act as a mediating variable in increasing purchasing interest. Therefore, this study recommends increasing halal education and setting competitive prices as the main strategies in expanding the market for halal products among non-Muslim consumers.
Co-Authors abdul nasser Abdul Nasser Hasibuan afni lestari Ahmad Afandi Ahmad Afandi Ahmad Afandi Ahmad Afandi Ahmad Afandi Aini, Ihdi Aisyah, Insanul Alfadri, Ferri Alfadri, Ferry Ali Hardana Ali Isro’ Harahap Ananda Anugrah Nasution Arisman, A. Ayu Damayanti Azwar Hamid Dahlianti, Dahlianti Damayanti, Ayu endah Rabiatul Adawiyah Erliza Ambun Lubis erni nasution Farizal, Nando Fauzi, Rama Dika Ferry Alfadri gautama, budi Hamni Fadlilah Nasution Harahap, Hawanisa Harahap, Ima Khoirunnisa Harahap, Susanti hasanah siregar hasanah siregar Hayati, Syarifah husni husni Ibrahim Siregar Ida Royani Ihdi Aini Ihdi Aini Ikhwan Maksum indra muallim Jafar Nasution Juniar Siregar Kaban, Maria Khafifah, Hanna Kusti Ardinah Lestari, M.E.I, Sry Lubis, Maisarah M. Fauzan Maisarah Lubis Maripatul Uula, Mimma Masbulan Nasution Mimma Maripatul Uula Mirna Sari Mohammad Nur Rianto Al Arif Muhammad Arif Muhammad Arif Muhammad Isa muhammad wandisyah Muhammad Wandisyah Hutagalung Muhammad Wandisyah R Hutagalung Mutiara Nauli Nando Farizal Nando Farizal Nasir Ahmad Khan Saragih Nasution, Abdillah Arif Nasution, Erni Nasution, Fadhil Assura Nasution, Indah Fitri Nauli, Mutiara Nirma Sari Siregar Nofinawati Nofinawati Nofinawati Nofinawati Nur Mutiah Nurhidayah Nurhidayah Nurul Izzah Lubis Pulungan, Ira Andriani rahmat annam Rahmat Hidayat Rahmat Husein Lubis Raja Zainal Abidin Harahap Rini Hayati Rodame Monitorir Napitupulu Rosnidar Sembiring Rukiah Rukiah Rukiah Rukiah Rukiah Rukiah Saadah Saadah Saima Putri Siregar sannita sannita Sarmiana Batubara Siregar, Fatahuddin Aziz Siti Ena Aisyah Simbolon Siti Ratna Sari Siti Zubaida Sinaga Sitompul, Erlina Sopia Kholilah Siregar Sulaiman Efendi Siregar Sumper Mulia Harahap, Sumper Mulia Susanti Harahap Syafitri, Alwijah Indah syuaib nasution Tanjung, Imam Azhari Try Mahendra Siregar tukma tukma Utari Evy Cahyani Utari Evy Cahyani Utari Evy Cahyani Venny Alfayani Wardana, Ahmad Windi Wahyuni Simanjuntak Windi Wahyuni Simanjuntak Yenni Samri Juliati Nasution Yudi Sahala Muda Simatupang Zein, Aliman Syahuri Zulaika Matondang Zulaika Matondang