Ogi Marsenal Ipando
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Pengaruh Bullions Bank, Volatilitas Emas Global, kebijakan Moneter Indonesia terhadap Investasi Emas di Bank Syariah Indonesia Ogi Marsenal Ipando; Ahmad Habibi; Muhammad Iqbal Fasa
JEMSI (Jurnal Ekonomi, Manajemen, dan Akuntansi) Vol. 12 No. 1 (2026): Februari 2026
Publisher : Sekretariat Pusat Lembaga Komunitas Informasi Teknologi Aceh

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35870/jemsi.v12i1.5923

Abstract

This study aims to investigate the relationship between global gold market dynamics—specifically Bullion Bank activities and gold price volatility and Indonesia's domestic monetary policy on gold investment behavior at Bank Syariah Indonesia (BSI) between January 2023 and November 2025. Employing descriptive quantitative analysis, the findings reveal a significant collective influence of these three external factors on customer interest in gold investment. The model effectively accounts for 82.5% of the variation in investment interest, highlighting the crucial role of global market sentiment and national macroeconomic directives in shaping gold investment decisions. Interestingly, separate analyses indicate that both Bullion Bank activities and global gold price volatility have a positive and significant impact. Gold investors at BSI tend to leverage price fluctuations for short-term speculative gains, rather than viewing gold purely as a safe-haven asset. Conversely, a rise in Bank Indonesia's benchmark interest rate (BI Rate) also shows a positive and significant effect on gold investment interest, reinforcing the principle of opportunity cost, where fixed-income financial instruments become more appealing during periods of high interest rates. The practical implications of this research underscore the need for BSI to develop adaptive strategies for market risk management, and for regulators, the importance of maintaining stable macroeconomic policies.
ANALISIS EFEKTIVITAS DISTRIBUSI ZAKAT PADA BANK SYARIAH INDONESIA PERIODE 2021 SAMPAI DENGAN 2025 Ogi Marsenal Ipando; Syamsul Hilal; Fatih Fuadi
KENDALI: Economics and Social Humanities Vol. 4 No. 3 (2026): KENDALI: Economics and Social Sciences Humanities, Maret 2026
Publisher : ASIAN PUBLISHER

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58738/kendali.v4i3.1445

Abstract

Penelitian ini bertujuan untuk mengevaluasi efektivitas distribusi zakat pada Bank Syariah Indonesia (BSI) periode 2021–2025 dengan menggunakan metode deskriptif kuantitatif berbasis rasio Allocation to Collection Ratio (ACR) sesuai standar Zakat Core Principle. Hasil kajian menunjukkan bahwa BSI mengalami pertumbuhan penghimpunan zakat yang sangat progresif, meningkat dari Rp123,17 miliar pada tahun 2021 hingga mencapai Rp289,38 miliar pada tahun 2025, dengan total akumulasi dana melampaui Rp1 triliun. Analisis ACR mengonfirmasi bahwa distribusi zakat BSI berada pada kategori Sangat Efektif, didukung oleh inovasi digital melalui platform BYOND by BSI yang mampu meningkatkan transparansi serta kecepatan penyaluran secara real-time. Penelitian menyimpulkan bahwa BSI telah berhasil melakukan transisi strategis dari sekadar bantuan kemanusiaan (charity) menuju program pemberdayaan ekonomi produktif, seperti Desa Berdaya dan penguatan UMKM, guna mendorong transformasi mustahik menjadi muzakki. Keberhasilan ini mengukuhkan peran BSI sebagai agen utama dalam memperkuat ekosistem ekonomi syariah nasional yang berkelanjutan di Indonesia.