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Fundamental and macroeconomic analysis of stock prices in the consumer non-cyclicals sector listed on the Indonesia Sharia Stock Index Hanani, Muhammad Muizul; Nafis, Abdul Wadud; Is’adi, Munir
Journal of Islamic Economics Lariba Vol. 10 No. 1 (2024)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol10.iss1.art17

Abstract

IntroductionInvestors looking for investment choices that comply with sharia law find the Indonesian capital market, namely the Islamic Sharia Stock Index, to be of utmost importance. Understanding the elements that influence stock price movements in the consumer non-cyclicals sector from 2017 to 2022 is necessary.ObjectivesThe objective of this study is to examine the influence of Return on Assets (ROA), Earnings Per Share (EPS), Debt to Equity Ratio (DER), inflation, and exchange rates on stock prices in the consumer non-cyclicals sector that is listed on the Indonesia Sharia Stock Index (ISSI). The objective is to ascertain the impact of these variables, both individually and together, on stock prices.MethodThe study employed a quantitative descriptive methodology, gathering data from 2017 to 2022 via official corporate websites. The analysis utilized panel data regression and conducted classical assumption testing using EViews.ResultsThe results indicate that Return on Assets (ROA), Earnings per Share (EPS), inflation, and exchange rates all have a considerable influence on stock prices. However, DER does not have a substantial individual impact. The F-test demonstrates a statistically significant combined impact of independent variables on stock prices.ImplicationsThe results underscore the significance of fundamental financial performance and macroeconomic factors for investors and governments when making investment decisions. Gaining proficiency in financial management and comprehending the macroeconomic effects can provide more effective guidance for investment plans in the consumer non-cyclicals sector.Originality/NoveltyThis study offers novel insights into the dynamics of stock price changes in the context of Sharia-compliant investments, specifically in the consumer non-cyclicals sector. It contributes to the broader understanding of the factors that influence stock prices in Islamic capital markets.
A Philosophical Overview of the Government's Role in the Development and Development of the Sharia Economy Nashoh, Hilmun; Wadud Nafis, Abdul; Is’adi, Munir
Dinasti International Journal of Economics, Finance & Accounting Vol. 5 No. 1 (2024): Dinasti International Journal of Economics, Finance & Accounting (March-April 2
Publisher : Dinasti Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.38035/dijefa.v5i1.2406

Abstract

This study aims to conduct a philosophical review of the role of government in the development and development of the shariah economy. In the context of the shariah economy, the role of the government is considered important in regulating and encouraging the growth of the economic sector based on the principles of shariah. This research will explore the philosophy behind government intervention in facilitating the development of the shariah economy, as well as its implications for society and economic development as a whole. Using a philosophical approach, this research will analyze the moral, ethical and philosophical aspects underlying the government's role in supporting the shariah economy, as well as how it integrates the values of justice, sustainability and social welfare in sustainable economic development. This research is expected to provide a deeper understanding of the essence and urgency of the government's role in the development of the shariah economy, as well as its contribution to creating a just, sustainable and prosperous society based on the principles of shariah.
Financial Management Model in Realizing the Economic Independence of Islamic Boarding School Ibadi, Hosnul; Masruroh, Nikmatul; Is’adi, Munir
The Eastasouth Journal of Social Science and Humanities Vol. 2 No. 01 (2024): The Eastasouth Journal of Social Science and Humanities (ESSSH)
Publisher : Eastasouth Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58812/esssh.v2i01.342

Abstract

Islamic boarding schools are non-profit organizations. In its development, Islamic boarding schools are not only institutions that only concentrate on tafaqquh fiddin, but also develop businesses in order to realize economic independence, so that Islamic boarding schools do not depend on other institutions or on student contributions. However, the problems faced are, first, how is the financial management pattern applied in order to realize the economic independence of Islamic boarding schools? second, what are the forms of economic independence of Islamic boarding schools that have been realized? This study uses a qualitative approach with a case study type. This study took the object at PP. Manbaul Ulum Wonosari Bondowoso. Data were collected using observation, interview and documentation techniques. Data were analyzed using the flow model stages from Miles and Huberman. The data validity test used triangulation of sources, techniques and time. So that the results obtained, first, that the financial management model of Islamic boarding schools is directly led by the Kiai, the management is handed over to trusted administrators. There is a planning process through budgeting, implementation, supervision and evaluation. The decision maker is the Kiai as the central leader of the Islamic Boarding School. Second, the form of economic independence of Islamic boarding schools is realized through the formation of business units such as banner printing, photocopying business, book store, uniform store, grocery store, santri cooperative, food stall/canteen, stationery store, reception decoration, and Ambarsa Mart. The profit from these businesses is managed for the needs of the Islamic boarding school. So, economically the Islamic boarding school has independence.