Claim Missing Document
Check
Articles

Found 2 Documents
Search

The Effect of Downstreaming, IMUS, and Inflation on Indonesia's Sharia Stock Index Aziz, Roikhan Mochamad; Nurbaidah, Siti Umi; Nurdiansyah, Dede; Hasan, Maskur; Al Fath, Muhammad
Indonesian Journal of Advanced Research Vol. 5 No. 3 (2026): March 2026
Publisher : PT FORMOSA CENDEKIA GLOBAL

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55927/ijar.v5i3.16263

Abstract

Downstreaming, the Dow Jones Islamic Market US (IMUS), and inflation are suspected to affect the performance of the Indonesian Sharia Stock Index (ISSI). This study aims to analyze the direct and indirect influence of these three variables on ISSI for the 2019–2024 period. The method used is path analysis with monthly secondary data from reliable sources. The results show that inflation has a positive and significant effect on ISSI, while downstream and IMUS have no direct effect. However, IMUS has an indirect effect on ISSI through inflation as a significant mediating variable. These findings confirm that moderate inflation (3–4%) can support the performance of the Islamic capital market, while the downstream impact is not significant in the short term. This research makes a new contribution by integrating downstream policies, global Sharia indices, and macroeconomic variables in a single model and highlights the importance of maintaining inflation stability for investors and regulators. The implication is that the government needs to strengthen downstream policies with more concrete incentives, while investors can consider inflation as a key indicator in Islamic investment decision-making.
Implementasi Media Audio Visual Shalahuddin Al Ayubi Dalam Meningkatkan Keterampilan Mendengar (Maharah Istima') dan Motivasi Belajar Bahasa Arab: Studi Kasus di SDI Abdurrahman Bin Auf Islamic School Al Fath, Muhammad; Mubarak, Abdullah; Putra, Ilham
Pubmedia Jurnal Penelitian Tindakan Kelas Indonesia Vol. 3 No. 3 (2026): May
Publisher : Indonesian Journal Publisher

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47134/ptk.v3i3.2397

Abstract

Penelitian ini bertujuan untuk meningkatkan motivasi belajar dan keterampilan menyimak (maharah istimā‘) bahasa Arab peserta didik melalui penerapan media audio visual berupa film sejarah Islam Shalahuddin Al-Ayyubi berbahasa Arab dengan subtitle Indonesia. Penelitian ini menggunakan desain Penelitian Tindakan Kelas (PTK) dengan pendekatan kualitatif deskriptif yang dilaksanakan dalam dua siklus, meliputi tahap perencanaan, pelaksanaan tindakan, observasi, dan refleksi. Subjek penelitian adalah 19 peserta didik kelas V SDI Abdurrahman Bin Auf Islamic School, Cikarang Timur. Data dikumpulkan melalui observasi motivasi belajar, tes keterampilan menyimak (pra-tindakan, siklus I, dan siklus II), serta dokumentasi. Hasil penelitian menunjukkan bahwa pada kondisi pra-tindakan motivasi belajar dan keterampilan menyimak peserta didik masih tergolong rendah. Pelaksanaan tindakan pada siklus I menunjukkan adanya peningkatan awal, namun belum optimal. Pada siklus II, terjadi peningkatan yang signifikan, ditandai dengan meningkatnya motivasi belajar, fokus, dan keterampilan menyimak peserta didik, serta tercapainya Kriteria Ketuntasan Minimal (KKM) secara klasikal. Dengan demikian, penerapan media audio visual berupa film sejarah Islam efektif dalam meningkatkan motivasi belajar dan keterampilan menyimak bahasa Arab peserta didik sekolah dasar Islam.