Claim Missing Document
Check
Articles

Found 2 Documents
Search

Pemanfaatan Model Pentahelix Sebagai Bentuk Kolaborasi dalam Meningkatkan Inklusi Keuangan Melalui Peer-To-Peer Lending Syariah di Indonesia Hibrizi, Emil
Educationist: Journal of Educational and Cultural Studies Vol. 2 No. 1 (2023): Journal of Educational and Cultural Studies
Publisher : PT Literasi Nusantara Publisher

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

Abstract

One of the causes of social inequality in society is the low accessibility of the community to financial services from financial institutions or unbankable. This can hinder the community in carrying out economic activities, especially in obtaining access to micro-business credit. One of the reasons for the higher level of unbankable population among middle to lower class society is the difficulty in obtaining financial access, especially from commercial banks that have selective requirements in providing loans. To overcome this problem, a breakthrough is needed by applying the Pentahelix model through the establishment of Sharia Peer-to-Peer Lending as a form of real collaboration and a step towards increasing financial inclusion, especially for middle to lower class society. The use of the Pentahelix model in the Sharia Peer-to-Peer Lending industry is expected to accelerate the process of increasing financial inclusion for middle to lower class society in Indonesia through strong collaboration between government, society, academics, entrepreneurs, and media, each of which has its own role.
ANALISIS SPILLOVER EFFECT INDEKS SAHAM GLOBAL TERHADAP INDEKS SAHAM SYARIAH DI INDONESIA SEBELUM, SAAT DAN PASCA COVID-19 Cupian, Cupian; Annisa Noven, Sarah; Hibrizi, Emil
Salam (Islamic Economics Journal) Vol. 6 No. 2 (2025): Desember 2025
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/1b0dye19

Abstract

This study aims to examine the spillover effect of the stock indexes of the United States, China, and Japan as the global benchmark stock indexes on the movement of the Islamic stock market in Indonesia in the period before, during, and after the Covid-19 pandemic crisis. The analysis model used is the Vector Autoregression (VAR) or Vector Error Correction Model (VECM) model to observe the spillover effect and Granger Causality Test to examine the causality among the variables. The results of this study indicate that both the New York Stock Exchange as a representation of the US stock index, the Shanghai Stock Exchange as a representation of the Chinese stock index, and the Nikkei 225 Index as a representation of the Japanese stock index have a spillover effect on the Jakarta Islamic Index in the period before, during, and after the Covid-19 pandemic crisis. In addition, the US, China, and Japan stock indexes have a causal relationship with the Indonesian Islamic stock market in the period before, during, and after the Covid-19 pandemic crisis.