Apriyadi, Pidi
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Journal : Jurnal Ilmiah Ekonomi Islam

Analisis Kinerja Reksa Dana Saham Syariah Sebelum Dan Setelah Penerapan Roadmap Pasar Modal Syariah 2020-2024 Apriyadi, Pidi; Cupian, Cupian
Jurnal Ilmiah Ekonomi Islam Vol 10, No 1 (2024): JIEI : Vol.10, No.1, 2024
Publisher : ITB AAS INDONESIA Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jiei.v10i1.12283

Abstract

The Islamic capital market in Indonesia has witnessed significant progress, particularly in the development of products such as Shariah equity mutual funds. In the period 2017-2022, the Net Asset Value (NAV) of Shariah equity mutual funds reached IDR 153,40 trillion. However, in terms of performance, Shariah equity mutual funds still recorded minor results. The Financial Services Authority (OJK) has endeavored to enhance the potential of the Islamic capital market through the launch of the Shariah Capital Market Roadmap 2020-2024. To evaluate the positive impact of this policy, this research examines the factors influencing the performance of Shariah equity mutual funds during the period 2017-2022. A quantitative descriptive approach is employed using non-probability judgement sampling. Panel data is analyzed using multiple linear regression, with dummy variables used to identify performance differences before and after the implementation of the Shariah Capital Market Roadmap 2020-2024. Research findings indicate that cashflow, IHSG (Indonesia Stock Exchange Composite Index), and the age of Shariah equity mutual funds significantly influence performance. However, the impact of NAV is observed but not statistically significant. The dummy variable shows a negative and significant value, indicating performance differences between the two observed periods
Analisis Sentimen Konsumen Terhadap Pertumbuhan Zakat: Studi Kasus Lembaga Amil Zakat Nasional Tahun 2018-2022 Apriyadi, Pidi; Cupian, Cupian
Jurnal Ilmiah Ekonomi Islam Vol 10, No 2 (2024): JIEI : Vol.10, No.2, 2024
Publisher : ITB AAS INDONESIA Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jiei.v10i2.13340

Abstract

Studies on the correlation between consumer sentiment, as measured using the consumer confidence index, and zakat growth are limited. Studies related to this topic are important because the consumer confidence index, as an indicator of consumer sentiment, can reflect people's behavior in paying zakat. This study explores the relationship between the consumer confidence index and zakat growth in Indonesia in the 2018-2022 period. Data on zakat is obtained from the financial statements of national zakat institutions, while data on the consumer confidence index is obtained from Bank Indonesia. Through the Arellano-Bover/Blundell Bond two-step GMM system approach, the study concluded that the consumer confidence index did not have a significant impact on zakat growth. This finding is a contribution in understanding why the potential of zakat in Indonesia has not been optimized, in line with the existing literature. The research also offers an update in the use of consumer sentiment indicators.
Analisis Kinerja Reksa Dana Saham Syariah Sebelum Dan Setelah Penerapan Roadmap Pasar Modal Syariah 2020-2024 Apriyadi, Pidi; Cupian, Cupian
Jurnal Ilmiah Ekonomi Islam Vol. 10 No. 1 (2024): JIEI : Vol.10, No.1, 2024
Publisher : ITB AAS INDONESIA Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jiei.v10i1.12283

Abstract

The Islamic capital market in Indonesia has witnessed significant progress, particularly in the development of products such as Shariah equity mutual funds. In the period 2017-2022, the Net Asset Value (NAV) of Shariah equity mutual funds reached IDR 153,40 trillion. However, in terms of performance, Shariah equity mutual funds still recorded minor results. The Financial Services Authority (OJK) has endeavored to enhance the potential of the Islamic capital market through the launch of the Shariah Capital Market Roadmap 2020-2024. To evaluate the positive impact of this policy, this research examines the factors influencing the performance of Shariah equity mutual funds during the period 2017-2022. A quantitative descriptive approach is employed using non-probability judgement sampling. Panel data is analyzed using multiple linear regression, with dummy variables used to identify performance differences before and after the implementation of the Shariah Capital Market Roadmap 2020-2024. Research findings indicate that cashflow, IHSG (Indonesia Stock Exchange Composite Index), and the age of Shariah equity mutual funds significantly influence performance. However, the impact of NAV is observed but not statistically significant. The dummy variable shows a negative and significant value, indicating performance differences between the two observed periods
Analisis Sentimen Konsumen Terhadap Pertumbuhan Zakat: Studi Kasus Lembaga Amil Zakat Nasional Tahun 2018-2022 Apriyadi, Pidi; Cupian, Cupian
Jurnal Ilmiah Ekonomi Islam Vol. 10 No. 2 (2024): JIEI : Vol.10, No.2, 2024
Publisher : ITB AAS INDONESIA Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jiei.v10i2.13340

Abstract

Studies on the correlation between consumer sentiment, as measured using the consumer confidence index, and zakat growth are limited. Studies related to this topic are important because the consumer confidence index, as an indicator of consumer sentiment, can reflect people's behavior in paying zakat. This study explores the relationship between the consumer confidence index and zakat growth in Indonesia in the 2018-2022 period. Data on zakat is obtained from the financial statements of national zakat institutions, while data on the consumer confidence index is obtained from Bank Indonesia. Through the Arellano-Bover/Blundell Bond two-step GMM system approach, the study concluded that the consumer confidence index did not have a significant impact on zakat growth. This finding is a contribution in understanding why the potential of zakat in Indonesia has not been optimized, in line with the existing literature. The research also offers an update in the use of consumer sentiment indicators.