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ASEAN ECONOMIC TRANSFORMATION: THE ROLE OF FOREIGN INVESTMENT, HUMAN DEVELOPMENT, AND INFLATION STABILITY IN ECONOMIC GROWTH Harahap, Siska Permata Sari; Siregar, Suci Wulandari; Harahap, Salwa Hayati; Baihaqi, Muhammad Iqbal
Ekspansi: Jurnal Ekonomi, Keuangan, Perbankan, dan Akuntansi Vol 17 No 1 (2025)
Publisher : Accounting Department, Politeknik Negeri Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35313/ekspansi.v17i1.6468

Abstract

Economic growth in the ASEAN region faces complex dynamics influenced by Foreign Direct Investment or (FDI), Human Development Index (HDI), and also Inflation. The aim of this examination and research is to analyze the simultaneous influence of these three variables on economic growth in ASEAN in the 2016-2023 period using the panel data regression method. The results show that FDI has a negative and insignificant impact, indicating that the utilization of foreign investment has not been maximized and has resulted in limited infrastructure and low levels of technology uptake in various ASEAN countries. Furthermore, HDI also provides a negative and insignificant influence, indicating that the quality of Human Resource (HR) has not provided a maximum increase in economic productivity. Meanwhile, inflation has a negative but insignificant effect, consistent with the theory that uncontrolled inflation can create macroeconomic instability and reduce purchasing power.
Aktivitas Sukuk Ijarah Rasulullah, Masa Khulafa Ar-Rasyidin Masa Dinasti Umayyah pada Masa Dinasti Abbasiyyah Ma, Maryam Batubara; Fatahillah, Lou; Sari, Novita; Siregar, Jumriani; Harahap, Siska Permata Sari
As-Syirkah: Islamic Economic & Financial Journal Vol. 3 No. 2 (2024): As-Syirkah: Islamic Economic & Financial Journal 
Publisher : Ikatan Da'i Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56672/t86v3m77

Abstract

Sukuk is a long-term security based on sharia issued by the issuer to sharia loan holders, which requires the issuer to pay the sharia loan holder's income in the form of profit sharing/margin/premium and repayment of interest funds at maturity. This statement is the definition of sharia bonds according to the National Sharia Council (DSN) No.32/DSNMUI/IX/2002. In Indonesia, according to the fatwa issued by the National Sharia Council, one of the types of sukuk is ijárah sukuk. Ijárah sukuk is financing that uses the ijárah contract system, or securities containing financial contracts based on sharia principles, which are issued by the issuing corporation, government or other institutions which require the sukuk issuer to pay a certain amount of compensation to the sukuk owner.rent out property and pay off family fixed assets on time. There are three parties involved in the sukuk ijárah contract. These contracts are investment contracts, namely between investors (sukuk holders) and special purpose vehicles (SPV) or collective investment contracts, sale and purchase contracts between SPV/KIK and suppliers or sellers of assets (goods), and lease contracts (ijárah) or sale and purchase contract. purchase between SPV/KIK and company or property tenants. Issuing sukuk in the capital market requires preparation for sukuk issuance.