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All Journal JPEK (Jurnal Pendidikan Ekonomi dan Kewirausahaan) JAKBS Future Academia : The Journal of Multidisciplinary Research on Scientific and Advanced Prosiding Seminar Nasional Ilmu Ekonomi dan Akuntansi SALSABIL : Journal of Sharia and Economic Law
Riza Rasyid Al-Aufa Siagian
Universitas Islam Negeri Sumatera Utara
Religion Computer Science & IT Economics, Econometrics & Finance Education Social Sciences Other

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Persepsi Masyarakat Indonesia Terhadap Kenaikan Harga Emas Sebagai Instrumen Investasi Jangka Panjang: Sebuah Tinjauan Literatur Siagian, Riza Rasyid Al-Aufa
Future Academia : The Journal of Multidisciplinary Research on Scientific and Advanced Vol. 3 No. 1 (2025): Future Academia : The Journal of Multidisciplinary Research on Scientific and A
Publisher : Yayasan Sagita Akademia Maju

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61579/future.v3i1.298

Abstract

Penelitian ini bertujuan untuk mengkaji persepsi masyarakat Indonesia terhadap kenaikan harga emas sebagai instrumen investasi jangka panjang. Dengan menggunakan pendekatan tinjauan literatur yang didukung oleh data empiris, penelitian ini mengidentifikasi faktor-faktor makroekonomi utama yang memengaruhi keputusan investasi emas, termasuk inflasi, suku bunga, nilai tukar mata uang, dan literasi keuangan. Temuan penelitian menunjukkan bahwa kenaikan inflasi dan depresiasi nilai tukar mendorong peningkatan permintaan emas, sementara penurunan suku bunga memicu peralihan dari instrumen berbasis bunga tradisional ke investasi emas. Selain itu, perkembangan teknologi dalam platform emas digital telah memperluas akses bagi generasi muda, mencerminkan perubahan preferensi investasi. Namun, tantangan seperti volatilitas harga emas global dan rendahnya literasi keuangan menghambat optimalisasi investasi emas secara penuh. Penelitian ini berkontribusi pada pemahaman yang lebih komprehensif mengenai potensi dan tantangan investasi emas di Indonesia.
Sharia-Based Risk Management: A Literature Review on Its Impacts and Potential in Supporting Sustainable Economy Siagian, Riza Rasyid Al-Aufa; K, Kamilah
Future Academia : The Journal of Multidisciplinary Research on Scientific and Advanced Vol. 3 No. 1 (2025): Future Academia : The Journal of Multidisciplinary Research on Scientific and A
Publisher : Yayasan Sagita Akademia Maju

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61579/future.v3i1.328

Abstract

This study explores the concept of Sharia-based risk management and its potential role in fostering sustainable economic development. By synthesizing recent literature, the research identifies core principles, impacts, and challenges associated with the application of Sharia-compliant risk management practices in various sectors, including finance, trade, and industry. The findings highlight the alignment of Sharia principles with sustainability objectives, offering innovative insights into risk mitigation strategies that promote ethical and equitable economic growth. This paper also proposes a framework for integrating Sharia-based risk management into global sustainability practices.
The Influence of Boycott and Brand Image on KFC Purchase Decisions: The Moderating Role of Religiosity among Muslim Consumers in North Sumatra Siagian, Riza Rasyid; Batubara, Maryam; Rahmani, Nur Ahmadi Bi
JPEK: Jurnal Pendidikan Ekonomi dan Kewirausahaan Vol 9 No 2 (2025): JPEK (Jurnal Pendidikan Ekonomi dan Kewirausahaan)
Publisher : Universitas Hamzanwadi

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29408/jpek.v9i2.30514

Abstract

This study examines the influence of boycott and brand image on the purchase decision of KFC products, with religiosity as a moderation variable in the Muslim community in North Sumatra. The survey was conducted on 100 Muslim respondents according to the research criteria. The analysis used Moderated Regression Analysis (MRA) with SPSS version 27. The results showed that: First, boycotts had a negative and significant effect on purchasing decisions, suggesting that the stronger the motivation of consumers to boycott, the lower their tendency to buy KFC products. Second, brand image also has a significant effect, where a positive brand image can increase consumers' intentions and decisions to make purchases. Third, simultaneously, these two variables (boycott and brand image) together contribute significantly to purchasing decisions, which means that consumers' decisions in purchasing KFC products are influenced by a combination of the two. Fourth, religiosity has been shown to moderate the relationship between boycott and brand image on purchasing decisions. In consumers with high levels of religiosity, the influence of boycotts becomes stronger in lowering purchasing decisions, while the influence of brand image becomes greater in driving purchases. This is evident from the regression equation Y = α + β1X1 + β2X2 + β3X3 + β4Z + β5X1Z + β5X2Z + β5X3Z + e. Overall, a coefficient of determination (R²) of 0.674 indicates that 67.4% of the variation in purchasing decisions can be explained by a combination of boycotts, halal labels, and brand imagery, while the remaining 32.6% the rest is influenced by other factors.
Ihtikār dalam Perspektif Ekonomi Islam dan Sistem Ekonomi Indonesia Implikasi terhadap Keadilan Pasar dan Regulasi Riza Rasyid Al-Aufa Siagian
SALSABIL : Jurnal Syariah dan Hukum Ekonomi Vol 2 No 1 (2026): SALSABIL : Journal of Sharia and Economic Law
Publisher : Program Studi Hukum Ekonomi Syariah STAI As-Sunnah Deli Serdang, Sumatera Utara

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51590/salsabil.v2i1.66

Abstract

Ihtikār refers to the economic practice of hoarding goods with the intention of controlling supply and manipulating prices to obtain excessive profits. This practice may lead to market distortion, artificial scarcity, and harm to consumers as well as small-scale business actors. This article aims to analyze the concept of ihtikār from the perspective of Islamic economics and to examine its implications for market justice and regulation within the Indonesian economic system. This study employs a qualitative approach using normative–conceptual analysis through a review of classical and contemporary Islamic economic literature, as well as Indonesian regulations related to competition law and consumer protection. The findings indicate that ihtikār is strictly prohibited in Islamic economics as it contradicts the principles of justice (‘adl), public welfare (maṣlaḥah), and market equilibrium. In the Indonesian context, although regulations prohibiting monopolistic practices and unfair competition have been established, practices resembling ihtikār may still occur due to weaknesses in supervision and law enforcement. Therefore, integrating Islamic economic values into the national regulatory framework is essential to strengthen market justice and maintain economic stability. This study is expected to contribute to the development of Islamic economic literature and to serve as a reference for formulating more equitable and welfare-oriented economic policies.
Peran Zakat dan Wakaf dalam Pembangunan Ekonomi Masyarakat Muslim Riza Rasyid Al-Aufa Siagian; Yenni Samri Juliati Nasution
Jurnal Akuntansi Keuangan dan Bisnis Vol. 2 No. 3 (2024): Oktober - Desember
Publisher : CV. ITTC INDONESIA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62379/jakbs.v2i3.1920

Abstract

Zakat dan wakaf berperan penting sebagai instrumen ekonomi Islam dalam mengurangi kemiskinan dan mendukung pembangunan infrastruktur ekonomi yang berkelanjutan. Namun, pengelolaannya menghadapi tantangan seperti kapasitas yang terbatas, regulasi yang tidak fleksibel, dan rendahnya transparansi. Penelitian ini menganalisis peran zakat dan wakaf dalam pembangunan ekonomi masyarakat Muslim serta tantangan dan peluang yang terkait. Melalui studi literatur, ditemukan bahwa zakat memfasilitasi redistribusi kekayaan, sementara wakaf menyediakan pendanaan berkelanjutan untuk proyek infrastruktur. Inovasi dalam teknologi finansial dan kolaborasi lintas sektor dapat meningkatkan efektivitas zakat dan wakaf dalam pembangunan ekonomi. Studi ini menekankan perlunya reformasi regulasi dan peningkatan profesionalisme dalam pengelolaan untuk memperkuat dampaknya pada kesejahteraan ekonomi masyarakat Muslim.
Analysis Of The Role Of Alternative Financing In Sustainable Development Riza Rasyid Al-Aufa Siagian; Isnaini Harahap; Windu Anggara
Prosiding Seminar Nasional Ilmu Ekonomi dan Akuntansi Vol. 1 No. 2 (2024): Juli : Prosiding Seminar Nasional Ilmu Ekonomi dan Akuntansi
Publisher : Asosiasi Riset Ekonomi dan Akuntansi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.62951/prosemnasieda.v1i2.55

Abstract

This study aims to analyze the role of crowdfunding, impact investing, zakat, and waqf as alternative financing in supporting sustainable development in Indonesia. The research method used is qualitative descriptive with a case study approach based on secondary data from literature and empirical reports. The results show that crowdfunding mobilizes community funds for environmental projects such as mangrove conservation in Kalimantan, significantly reducing carbon emissions. Impact investing supports strategic sectors like Islamic fintech and affordable housing, creating both social and financial impact. Zakat contributes to improved welfare through skills training and healthcare services, while waqf supports the development of sustainable social infrastructure. However, the management of zakat and waqf faces challenges in transparency and public participation. This study bridges the literature gap with empirical evidence highlighting the effectiveness of alternative financing in sustainable development. The conclusion emphasizes the need for a strategic integration of alternative financing to accelerate the achievement of sustainable development goals in an inclusive manner.
Co-Authors Batubara, Maryam Isnaini Harahap K, Kamilah Rahmani, Nur Ahmadi Bi Windu Anggara Yenni Samri Juliati Nasution