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The Performance of Islamic Stocks and Conventional Stocks During the COVID-19 Shock: Evidence from Indonesian Stock Market Mohamad Rahmawan Arifin; Ahmad Syahrul Fauzi; Sri Runtiningsih; Frank Aligarh; Arif Nugroho
IQTISHODUNA: Jurnal Ekonomi Islam Vol. 13 No. 1 (2024): April
Publisher : LPPM, Universitas Islam Syarifuddin Lumajang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54471/iqtishoduna.v13i1.2340

Abstract

This study aims to analyze the performance of Islamic stocks and conventional stocks in Indonesia during the crisis period due to the COVID-19 pandemic. Islamic stocks and conventional stocks are divided based on sharia compliance qualifications by each stock. The sample used in this study is nine sharia stocks taken from the Jakarta Islamic Index (JII) and nine conventional stocks taken based on nine non-shariah compliance stocks included in the IDX30 Index during 31 August 2020 to 31 July. 2022. The analytical method used in this study is Ordinary Least Square (OLS) using panel data, then this study also uses an interaction variable between the three COVID-19 indicators and the sharia compliance variable which represents company compliance with Islamic principles. The estimation results show that daily confirmed cases of COVID-19 and stringency index have a significant negative effect on stock returns in Indonesia, while daily confirmed deaths due to COVID-19 has no effect on stock returns. Furthermore, the results of the interaction between the COVID-19 indicator measures and the sharia compliance variable show that Islamic stocks show greater performance in crises during the COVID-19 pandemic.
Pengaruh Persaingan Politik terhadap Anggaran Kesehatan: Studi Kasus pada Kabupaten dan Kota di Indonesia Runtiningsih, Sri; Susamto, Akhmad Akbar
Jurnal Ekonomi dan Pembangunan Indonesia Vol. 24, No. 1
Publisher : UI Scholars Hub

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

Abstract

This study aims to analyze the effect of political competition on health budgets in Indonesia. The analysis was conducted using a fixed-effects panel data regression approach for Indonesia’s regencies and municipalities between 2009 and 2019. To obtain robust results, this study uses three different measures of political competition, namely the Multiparty Margin Index, the Herfindahl-Hirschman Index (HHI), and the Effective Number of Parties (ENP) Index. The estimation results show that only legislative political competition has a significant and consistent negative effect on the health budget, it is similar to the Leviathan Model theory.
Tourism Sector and Economic Growth on Employment Absorption in Central Java M. Andi Auliya Hakim; Zainab Azizah; Sri Runtiningsih
Efficient: Indonesian Journal of Development Economics Vol. 8 No. 2 (2025)
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/y57rnq25

Abstract

The tourism sector is one of the main drivers of the economy in Indonesia, contributing to GDP, job creation, and regional development. Central Java Province, with a significant contribution to employment absorption and economic growth from the tourism sector, has great potential in terms of nature, culture, and history.  This study aims to analyze the tourism and economic growth on employment absorption in the tourism sector of Central Java. Quantitative analysis with panel data from 35 regencies/cities in Central Java from 2019-2023 uses panel data regression. Data was obtained from BPS and Department of Youth, Sport, and Tourism of Central Java.. The findings show that the F-statistic value is 4.66 with a probability value of 0.011 (<0.05), indicating that the independent variables significantly affect employment absorption. However, of the two independent variables, only the tourism sector has a positive and significant effect. Strengthening the tourism sector through destination promotion and infrastructure is necessary to support economic recovery post-pandemic.
ECO-FASHION: PELATIHAN INOVASI DAN KREATIVITAS PRODUK FASHION DENGAN TEKNIK ECOPRINT Rahmayani, Dwi; Fauziyah, Izzatul; Runtiningsih, Sri; Tutik; Syahrul Fauzi, Ahmad; Ibnu Tsani, Luthfi
Jurnal Pengabdian Pendidikan Masyarakat (JPPM) Vol 6 No 2 (2025): Jurnal Pengabdian Pendidikan Masyarakat (JPPM), Vol 6 No 2 (Oktober 2025)
Publisher : LPPM UNIVERSITAS MUHAMMADIYAH MUARA BUNGO

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52060/jppm.v6i2.3422

Abstract

Getaspejaten Village boasts a diverse local flora that can be used for industrial purposes by utilizing natural resources to create environmentally friendly products with economic value. This natural potential can be a business opportunity for local villagers. The variety of existing flora, such as leaves, can be utilized to create products with artistic and economic value. These products can be made using the ecoprint technique. Ecoprint is a dyeing technique using natural dyes applied to the fabric's surface. This ecoprint training is expected to enable the community to produce various ecoprint artworks using natural materials such as leaves and flowers in the surrounding environment. The ecoprint training activities are carried out in three stages: preparation, implementation, and completion. Based on this training, ecoprint scarves are produced with unique natural colors and motifs. The Natural Dyes (ZWA) are a mixture of sappanwood and tegeran, with different leaf variations to create unique and aesthetic motifs. Based on interviews, this training activity received more than 90% positive responses from 31 participants. The results of this community service demonstrate that the training has enhanced the community's creativity, knowledge, and skills in processing natural materials into works of art with aesthetic and economic value. Furthermore, effective marketing is expected to increase community income.
Initiation of Social Financing for Poverty Alleviation Through Cash Waqf Linked Qurban (CWLQ) in Indonesia Budiantoro, Risanda A.; Mustofa, Ubaedul; Asrori; Jayanto, Prabowo Yudo; Fauzi, Ahmad Syahrul; Runtiningsih, Sri
Journal of Islamic Economic Laws Vol. 8 No. 02 (2025): July
Publisher : Universitas Muhammadiyah Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.23917/jisel.v8i02.9892

Abstract

Poverty in Indonesia is a serious problem, where the amount of meat consumption is decreasing, and the inequality of meat consumption between the rich and poor groups is increasing every year. The sacrificial worship has great potential to improve the community's economy, including livestock waqf, which can overcome the inequality of meat consumption. This study aims to analyze the initiation of social financing facilities through CWLQ to alleviate poverty in Indonesia. The research method used is panel data analysis by combining data from 34 provinces in Indonesia in the period 2019-2023. The independent variables used are sacrificial production, poverty in the previous period, economic growth, HDI, and the Gini coefficient, while the dependent variable is the poverty rate. The results of the analysis of sacrificial production, poverty in the previous period, economic growth, HDI, and the Gini coefficient will provide insight into the influence of economic and social factors in poverty alleviation efforts. This research is expected to contribute to developing more effective waqf-based policies in Indonesia, especially in supporting the national agenda to reduce poverty. These findings can also be a reference for policymakers and social and financial institutions designing sustainable CWLQ management strategies that positively impact the welfare of the wider community.
STUDI MIKROEKONOMI DAN MAKROEKONOMI: PENGARUH TEKNOLOGI INFORMASI DAN KOMUNIKASI TERHADAP PRODUKTIVITAS DI INDONESIA Runtiningsih, Sri; Syahrul Fauzi, Ahmad; Margaret, Silvia; Patria Kusuma, Putri; Azizah, Zainab; Andi Auliya Hakim, Muhammad
Business and Economic Analysis Journal Vol. 4 No. 2 (2024): November 2024
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/beaj.v4i2.gzsx1p06

Abstract

Perkembangan teknologi informasi dan komunikasi (TIK) secara global dapat meningkatkan produktivitas. Penelitian ini menganalisis pengaruh penggunaan TIK terhadap produktivitas dari sudut pandang analisis mikro ekonomi dan makro ekonomi karena tidak semua sektor usaha dapat digeneralisir, terutama sektor pertanian yang memiliki diferensiasi yang tinggi. Analisa mikro ekonomi dalam penelitian ini menggunakan data IFLS wave 5 tahun 2014 dengan menggunakan regresi Ordinary Least Square (OLS) dari jenis data cross section pada 176 usaha pertanian dan 2.066 usaha non pertanian di Indonesia. Analisa makro ekonomi menggunakan data publikasi BPS tahun 2015-2020 pada 34 provinsi di Indonesia dengan pendekatan Panel Least Square (PLS). Hasil penelitian menunjukkan bahwa pada tingkat mikroekonomi, penggunaan TIK berpengaruh positif signifikan terhadap produktivitas di sektor pertanian dan non-pertanian. Namun, pada tingkat makroekonomi mengindikasikan bahwa dampak positif signifikan hanya ditemukan pada sektor non-pertanian, sedangkan pada sektor pertanian, penggunaan TIK menunjukkan pengaruh negatif terhadap produktivitas.. Hal ini mencerminkan rendahnya literasi teknologi dan pemanfaatan TIK yang belum optimal oleh petani. Temuan ini menegaskan pentingnya pendekatan yang disesuaikan dengan karakteristik sektor untuk memaksimalkan manfaat TIK terhadap produktivitas ekonomi.
Determinants of Poverty in Indonesia and its Policy Implications, Multidimensional Approach to Measuring Poverty Syahrul Fauzi, Ahmad; Runtiningsih, Sri; Hidayat, Faisal
JOVISHE : Journal of Visionary Sharia Economy Vol. 1 No. 1 (2022): Edition June 2022
Publisher : Yayasan Lembaga Studi Makwa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.57255/jovishe.v1i1.70

Abstract

Poverty is not a single phenomenon, it is diverse and multidimensional. In Indonesia, which is socio-economically and demographically diverse, measurement of poverty based on an expenditure approach can’t comprehensively represent deprivation faced by the poor. This paper adopted Alkire and Foster’s multidimensional framework to estimate poverty and to identify the poor in Indonesia. It has analyzed data on 10 indicators pertaining to three valuable dimensions of well-being: education, health, and standard of living. This study uses data from Indonesia Family Life Survey (IFLS) 2014, then this study finds that 19.6% of the population in 2014 are categorized as being poor. In this study, poverty determinants are divided into three types including characteristics of regional, community and household. Based on results of logit estimation, all variables that representing regional characteristics industrial sector, agricultural sector and urban) has negative and significant effect on probability of a household to being poor. Then, there are two variables in community character that has negative and significant effect on probability of a household to being poor, that is access to electricity and access to school. Furthermore, there is one variable in household characteristics that has a negative and significant effect on probability of a household to being poor, that is home ownership.
Strengthening the Role of Islamic Philanthropy in Promoting Humanitarian Sustainability: A Study in Indonesia and Denmark Runtiningsih, Sri; Jayanto, Prabowo Yudo; Asrori; Putra, Maulana Kurnia; Asif, Rukhsar
Indonesian Journal of Devotion and Empowerment Vol. 1 No. 1 (2025): Special Issue
Publisher : Universitas Negeri Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15294/ijde.v1i1.32987

Abstract

This community service initiative was implemented through the International Community Service (ICS) 2025 under the theme "Empowering Humanity Sustainability Through Islamic Philanthropy." The primary objective was to enhance awareness and strengthen the global discourse on the role of Islamic philanthropy in fostering economic development, reducing poverty, and promoting social justice. The activity was conducted through an online seminar involving speakers from Indonesia and Denmark, utilizing a participatory approach consisting of presentations, discussions, and participant interaction. The program presented diverse perspectives on zakat’s role in economic growth, poverty alleviation, identity strengthening among Muslim minorities, and the evolution of philanthropic collaboration across sectors. The outcomes demonstrated an increased understanding among participants regarding the adaptive and transformative potential of Islamic philanthropy in various socio-economic settings. This community service program has enhanced participants understanding of Islamic philanthropy and encouraged its application in economic development and community empowerment. The follow-up plan includes continuous mentoring and the strengthening of international collaboration to support the sustainable implementation of Islamic philanthropy.