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Jurnal Ekonomi Syariah Teori dan Terapan
Published by Universitas Airlangga
ISSN : 24071935     EISSN : 25021508     DOI : -
Core Subject : Economy,
Economics, Econometrics & Finance
Jurnal Ekonomi Syariah Teori dan Terapan (JESTT) accepts original manuscripts in the field of Islamics Economics, including research reports, case reports, application of theory, critical studies and literature reviews.
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Articles 1,152 Documents
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The Analysis of Financial Performance Factors of Sharia Banking on Profitability before and during the Covid-19 Pandemic in Indonesia Ayuningtiyas Ayuningtiyas; Irma Novida; Yeni Oktaviani
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 9 No. 2 (2022): Maret-2022
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol9iss20222pp239-251

Abstract

ABSTRAK Tujuan dari penelitian ini adalah untuk mengetahui faktor-faktor kinerja keuangan yang mempengaruhi profitabilitas perbankan syariah. Metode yang digunakan dalam penelitian ini adalah deskriptif komparatif dengan pendekatan kuantitatif. Pendekatan kuantitatif menggunakan model Artificial Neural Network (ANN) dan menggunakan uji Wilcoxon. Penelitian ini menghasilkan variabel kinerja keuangan yang mempengaruhi profitabilitas pada masa sebelum pandemi yaitu CAR dengan nilai importance 71,619%. Sedangkan FDR yang menghasilkan nilai importance 0,447% dan NPF dengan nilai importance 27,932% tidak mempengaruhi profitabilitas. Sedangkan pada saat pandemi COVID-19, variabel kinerja keuangan yang mempengaruhi profitabilitas adalah variabel CAR dengan nilai importance sebesar 64,47%. Begitu pula pada variabel FDR yang memiliki nilai importance 35,37% melebihi 33,33% yang berarti varibel FDR sangat mempengaruhi profitabilitas. Hasil perbandingan kinerja keuangan sebelum dan pada saat pandemi menunjukkan terdapat perbedaan ROA, CAR, FDR, dan NPF sebelum dan saat pandemi COVID-19. Kata Kunci: Bank Syariah, Kinerja Keuangan, Profitabilitas, Pandemi COVID-19.   ABSTRACT The purpose of this study was to determine the factors of financial performance that affect the profitability of Islamic banking. The method used in this study is comparative descriptive with a quantitative approach. The quantitative approach uses the Artificial Neural Network (ANN) model and the Wilcoxon test. This study produces a financial performance variable that affects profitability in the pre-pandemic period, namely CAR with an importance value of 71.619%. While the FDR with an importance value of 0.447% and NPF with an importance value of 27.932% does not affect profitability. Meanwhile, during the COVID-19 pandemic, the financial performance variable that affects profitability is the CAR variable which produces an importance value of 64.47%. Likewise, the FDR variable which has an importance value of 35.37% exceeds 33.33%, which means that the FDR variable greatly affects profitability. The results of the comparison of financial performance before and during the pandemic show that there are differences in ROA, CAR, FDR, and NPF before and during the COVID-19 pandemic. Keywords: Islamic Banks, Financial Performance, Profitability, COVID-19 Pandemic.   DAFTAR PUSTAKA Achsani, M. N. F. F., & Kassim, S. (2021). The determinants of credit risk under dual banking system: indonesian experience based on bank specific variables. Al-Muzara'ah, 9(2), 215-229. https://doi.org/10.29244/jam.9.2.215-229 Almutairi, H. A. (2022). Covid-19 and its impact on the financial performance of kuwaiti banks: A comparative study between conventional and Islamic banks. The Journal of Asian Finance, Economics and Business, 9(1), 249–257. https://doi.org/10.13106/jafeb.2022.vol9.no1.0249 Almonifi, Y. S. A., Rehman, S. U., & Gulzar, R. (2021). The covid-19 pandemic effect on the performance of the islamic banking sector in KSA: An empirical study of al rajhi bank. SSRN. http://dx.doi.org/10.2139/ssrn.3834859 Bagaskoro, M. N., & Imansyah, M. H. (2019). Pengaruh ekspor impor terhadap transaksi berjalan indonesia sebelum dan sesudah subprime mortgage. JIEP: Jurnal Ilmu Ekonomi dan Pembangunan, 2(2), 332-345. https://doi.org/10.20527/jiep.v2i2.1176 Bank Indonesia. (2020). Peraturan Bank Indonesia No. 22/6/PBI/2020 tentang perubahan kedua atas peraturan Bank Indonesia nomor 19/4/PBI/2017 tentang pinjaman likuiditas jangka pendek bagi bank umum syariah. Jakarta: Bank Indonesia. Retrieved from https://www.bi.go.id/id/publikasi/peraturan/Pages/PBI_221520.aspx. Culver, S. M. (2014). Effective higher education management through collaborative dual-degree programs. In S. Mukerji & P. Tripathi (Eds.), Handbook of research on transnational higher education (pp. 585-596). USA: IGI Global Csáji, B. C. (2001). Approximation with artificial neural networks. Unpublished master thesis. The Netherlands: Eindhoven University of Technology. Diah, A. (2021). Analisis kinerja perbankan syariah berdasarkan kegiatan usaha sebelum dan saat pandemi covid-19. Tesis tidak dipublikasikan. Purwokerto: UIN Prof. KH Saifuddin Zuhri Purwokerto. El-Chaarani, H., Ismail, T. H., El-Abiad, Z., & El-Deeb, M.S. (2022). The impact of covid-19 on financial structure and performance of Islamic banks: A comparative study with conventional banks in the GCC countries. Journal of Economic and Administrative Sciences, Vol. ahead-of-print(No. ahead-of-print). https://doi.org/10.1108/JEAS-07-2021-0138 Fakhri, U. N., Anwar, S., Ismal, R., & Ascarya, A. (2019). Comparison and predicting financial performance of islamic and conventional banks in Indonesia to achieve growth sustainability. Al-Uqud: Journal of Islamic Economics, 3(2), 174-187. https://doi.org/10.26740/al-uqud.v3n2.p174-187 Fakhri, U. N., & Darmawan, A. (2021). Comparison of Islamic and conventional banking financial performance during the covid-19 period. International Journal of Islamic Economics and Finance (IJIEF), 4(SI), 19-40. https://doi.org/10.18196/ijief.v4i0.10080 Fakhri, U. N., Anwar, S., & Ismal, R. (2019). Comparison of sharia and conventional banking bankruptcy rates in Indonesia. Tazkia Islamic Finance and Business Review, 13(2), 125-141. https://doi.org/10.30993/tifbr.v13i2.193 Farild, M., Bachtiar, F., Wahyudi, W., & Jannah, R. (2021). Analisis kinerja keuangan PT. BNI syariah tbk sebelum dan pada saat pandemi covid-19. Assets: Jurnal Ekonomi, Manajemen dan Akuntansi, 1(1), 88-95. Fatihudin, D., & Muchklas, M. (2018). How measuring financial performance. International Journal of Civil Engineering and Technology (IJCIET), 9(6), 553-557. Frida, C. V. O. (2020). Manajemen perbankan. Yogyakarta: Garudhawaca. Hartill, R. (2021). What is financial performance? Financial performance explained. Retrieved From https://www.thebalance.com/financial-performance-5193413. Ichsan, R. N., Suparmin, S., Yusuf, M., Ismal, R., & Sitompul, S. (2021). Determinant of sharia bank's financial performance during the covid-19 pandemic. Budapest International Research and Critics Institute (BIRCU): Humanities and Social Sciences, 4(1), 298-309. https://doi.org/10.33258/birci.v4i1.1594 Jamil, G. L. (2017). Numbers can restrict results?: Qualitative research methods as information and knowledge management support in supply chain and logistics sectors. In G. L. Jamil (Eds.), Handbook of research on information management for effective logistics and supply chains (pp. 1-22). USA: IGI Global. Kasmir. (2012). Analisis laporan keuangan. Jakarta: PT. Raja Grafindo Perkasa. Mujaddid, F., & Wulandari, S. (2017). Analisis faktor internal dan eksternal terhadap rentabilitas bank syariah di Indonesia. Jurnal Ekonomi Islam, 8(2), 202-218. Olivia, S., Gibson, J., & Nasrudin, R. A. (2020). Indonesia in the time of covid-19. Bulletin of Indonesian Economic Studies, 56(2), 143-174. https://doi.org/10.1080/00074918.2020.1798581 Otoritas Jasa Keuangan. (2011). Statistik perbankan syariah. Retrieved from https://www.ojk.go.id/id/kanal/syariah/data-dan-statistik/statistik-perbankan-syariah/Default.aspx. Otoritas Jasa Keuangan. (2016). POJK tentang kegiatan usaha dan jaringan kantor berdasarkan modal inti bank. Retrieved from https://www.ojk.go.id/id/kanal/perbankan/regulasi/peraturan-ojk/Documents/Pages/pojk-kegiatan-usaha-dan-jaringan-kantor-berdasarkan-modal-inti-bank/SALINAN-POJK.6%20BUKU.pdf. Otoritas Jasa Keuangan. (2019). Undang-Undang nomor 21 tahun 2008 tentang perbankan syariah. Retrieved From https://www.ojk.go.id/waspada-investasi/id/regulasi/Pages/Undang-Undang-Nomor-21-Tahun-2008-Tentang-Perbankan-Syariah.aspx. Otoritas Jasa Keuangan. (2021). Statistik Perbankan syariah 2019-2021. Retrievied from https://www.ojk.go.id/id/kanal/syariah/data-dan-statistik/statistik-perbankan-syariah/Default.aspx. Pravasanti, Y. A. (2018). Pengaruh NPF dan FDR terhadap CAR dan dampaknya terhadap ROA pada perbankan syariah di Indonesia. Jurnal Ilmiah Ekonomi Islam, 4(3), 148-159. http://dx.doi.org/10.29040/jiei.v4i03.302 Pringgabayu, D., Afgani, K. F., & Ricederia, A. (2021). Perbedaan NPF dan FDR bank muamalat antara sebelum dan selama pandemi covid-19. Jurnal Maps (Manajemen Perbankan Syariah), 4(2), 57-69. Riadi, E. (2016). Metode statistika parametrik dan nonparametrik untuk penelitian ilmu-ilmu sosial dan pendidikan. Tangerang: Pustaka Mandiri. Rini, N. (2018). The implementation of islamic corporate governance (ICG) on sharia banking in Indonesia. TIJAB (The International Journal of Applied Business), 2(1), 29-38. http://dx.doi.org/10.20473/tijab.V2.I1.2018.29-38 Rois, A. K., & Sugianto, D. (2021). Kekuatan perbankan syariah di masa krisis. Musyarakah: Journal of Sharia Economic (MJSE), 1(1), 1-8. Saputri, O., & Hannase, M. (2021). Pengaruh indikator makroekonomi terhadap kinerja keuangan bank umum syariah pada masa pandemi covid-19. Jurnal Tabarru': Islamic Banking and Finance, 4(1), 139-151. https://doi.org/10.25299/jtb.2021.vol4(1).6590 Somantri, Y. F., & Sukmana, W. (2019). Analisis faktor-faktor yang mempengaruhi financing to deposit ratio (FDR) pada bank umum syariah di Indonesia. Berkala Akuntansi dan Keuangan Indonesia, 4(2), 61-71. http://dx.doi.org/10.20473/baki.v4i2.18404 Supriadi, H. (2016). Metode penelitian untuk bisnis dan sosial. Yogyakarta: CV Budi Utama Vochozka, M., Horák, J., & Šuleř, P. (2019). Equalizing seasonal time series using artificial neural networks in predicting the Euro–Yuan exchange rate. Journal of Risk and Financial Management, 12(2), 1-17. https://doi.org/10.3390/jrfm12020076 Yunita, P. (2020). The future of Indonesia Islamic banking industry: Bankruptcy analyzing the second wave of global financial crisis. International Journal of Islamic Economics and Finance (IJIEF), 3(2), 199-226. https://doi.org/10.18196/ijief.3227
The Analysis of Financial Performance on Sharia Banks' Financial Distress in Indonesia for the Period 2016-2020 Andini Febriyanti Hariono; Imam Azizuddin
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 9 No. 2 (2022): Maret-2022
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol9iss20222pp273-285

Abstract

ABSTRAK Penelitian ini bertujuan untuk melihat bagaimana Financing to Deposit Ratio (FDR), Non Performing Financing (NPF), Capital Adequacy Ratio (CAR), dan Biaya Operasional Terhadap Pendapatan Operasional (BOPO) pengaruhnya pada Financial Distress dengan pendekatan metode Altman Z-Score. Sampel penelitian ini menggunakan metode purposive sampling dan diperoleh 13 Bank Umum Syariah di Indonesia untuk dianalisis. Data dalam penelitian ini bersumber dari laporan tahunan Bank Umum Syariah. Penelitian ini akan dianalisis dengan model regresi logistik multinominal. Hasil penelitian ini menunjukkan bahwa secara parsial, NPF berpengaruh positif signifikan terhadap financial distress, sedangkan FDR, CAR, dan BOPO tidak berpengaruh signifikan terhadap financial distress selama periode 2016-2020. Secara simultan NPF, FDR, CAR, dan BOPO menunjukkan pengaruh yang signifikan financial distress. Kata Kunci: Financial Distress, FDR, NPF, CAR, BOPO.   ABSTRACT The aim of this research is to examine how the Financing to Deposit Ratio (FDR), Non-Performing Finance (NPF), Capital Adequacy Ratio (CAR), and Operating Expenses to Operating Income (BOPO) affect the Altman Z-Score of Financial Distress. This study's sample was derived using purposive sampling method, which resulted in the analysis of 13 Islamic Commercial Banks in Indonesia. The data used this study was obtained from the annual report Islamic Banks. A multinominal logistic regression model will be used to examine this study. The results of this study show that partially NPF has a significant positive influence on financial distress, while FDR, CAR, and BOPO have no significadnt influence on financial distress. NPF, FDR, CAR, and BOPO all have a significant influence on financial distress simultaneously. Keywords: Financial Distress, FDR, NPF, CAR, BOPO.   DAFTAR PUSTAKA Almilia, L. S., & Herdiningtyas, W. (2005). Analisis prediksi rasio camel terhadap prediksi kondisi bermasalahjatuh lembaga perbankan periode 2000–2002. Jurnal Akuntansi dan Keuangan, 7(2), 131-147. https://doi.org/10.9744/jak.7.2.pp.%20131-147 Anggraini, L. D. (2020). Pengaruh tingkat kesehatan bank menggunakan metode RGEC terhadap pertumbuhan laba pada bank yang terdaftar di bursa efek Indonesia. Skripsi tidak dipublikasikan. Surabaya: STIE Perbanas Surabaya. Asyikin, J., Ernawati, S., & Syam, A. Y. (2020). Pengaruh kinerja keuangan terhadap financial distress melalui efesiensi dan resiko (Studi empiris pada bank umum syariah di Indonesia). Spread, 9(2), 40–46. Azizuddin, I. (2021). Analysis of the influence of financing on the value of sharia banks with profitability as intervening variables. Dinar: Jurnal Ekonomi dan Keuangan Islam, 8(1), 15–30. https://doi.org/https://doi.org/10.21107/dinar.v8i1.10157 Bakhtiar, F. (2019). Analisis financial distress pada perbankan syariah di Indonesia. Tesis tidak dipublikasikan. Yogyakarta: Universitas Islam Indonesia. Barokah, I. N. E. (2020). Analisis perbandingan kinerja keuangan perbankan syariah dengan metode risk profile, good corporate governance, earnings, dan capital di Indonesia dan Malaysia periode 2016-2018. Skripsi tidak dipublikasikan. Medan: Universitas Sumatera Utara. Dendawijaya, L. (2009). Manajemen perbankan. Jakarta: Ghalia Indonesia. Effendi, S. A., & Haryanto, A. M. (2016). Analisis faktor-faktor yang mempengaruhi kondisi financial distress suatu perusahaan yang terdaftar di BEI. Diponegoro Journal of Management, 5(4), 589-602. Hapsari, E. I. (2012). Kekuatan rasio keuangan dalam memprediksi kondisi financial distress perusahaan manufaktur di BEI. Jurnal Dinamika Manajemen, 3(2), 101-109. https://doi.org/2337-5434 Harahap, R. S. (2018). Analisis pengaruh tingkat kesehatan bank syariah berdasarkan risk based bank rating dalam memprediksi financial distress pada perbankan syariah di Indonesia. Skripsi tidak dipublikasikan. Medan: Universitas Sumatera Utara. Hosmer Jr, D. W., Lemeshow, S., & Sturdivant, R. X. (2013). Applied logistic regression. USA: John Wiley & Sons. Humaira, J., Barnas, B., & Kristianingsih. (2021). Pengaruh kinerja keuangan dan penerapan GCG terhadap potensi kebangkrutan pada PT Bank Muamalat Indonesia Tbk. Journal of Applied Economic and Finance, 1(2), 373–383. https://doi.org/10.35313/jaief.v1i2.2471 Imelda, E., & Alodia, I. (2017). Analysis of altman model and ohlson model in predicting financial distress of manufacturing companies in the Indonesia stock exchange. Indian-Pacific Journal of Accounting and Finance, 1(1), 51–63. https://doi.org/10.52962/ipjaf.2017.1.1.4 Fahmi, I. (2011). Analisis laporan keuangan. Bandung: CV. Alfabeta Kasmir. (2014). Analisis laporan keuangan. Jakarta: PT.Raja Grafindo Persada. Margaretha, F. (2007). Manajemen keuangan bagi industri jasa. Jakarta: Gramedia Widiasarana Indonesia Muhaemin, A., & Wiliasih, R. (2016). Analisis faktor-faktor yang memengaruhi profitabilitas bank pembiayaan rakyat syariah di Indonesia. Nisbah: Jurnal Perbankan Syariah, 2(1), 180-206. https://doi.org/10.30997/jn.v2i1.255 Nilasari, A., & Ismunawan. (2021). Pengaruh kinerja keuangan, risk based capital, ukuran perusahaan dan makroekonomi terhadap financial distress. 10(1), 55–72. http://dx.doi.org/10.26418/jebik.v10i1.44793 Nurhayati. (2019). Analisis prediksi kebangkrutan pada bank umum syariah di Indonesia dengan model altman’s z-score periode 2013-2017. Skripsi tidak dipublikasikan. Bandar Lampung: Universitas Islam Negeri Raden Intan Lampung. Nurhidayah, N., & Rizqiyah, F. (2018). Kinerja keuangan dalam memprediksi financial distress. Jurnal Ilmiah Bisnis dan Ekonomi Asia, 11(2), 42–48. https://doi.org/10.32812/jibeka.v11i2.59 Pamungkas, D. R. W., Hadiani, F., & Purbayati, R. (2021). Analisis faktor internal dan eksternal yang memengaruhi financial distress bank umum syariah periode 2014-2018. Journal of Applied Islamic Economics and Finance, 1(2), 446–457. https://doi.org/10.35313/jaief.v1i2.2477 Prasojo. (2015). Pengaruh penerapan good corporate governance terhadap kinerja keuangan bank syariah. Jurnal Dinamika Akuntansi dan Bisnis, 2(1), 59–69. https://doi.org/10.24815/jdab.v2i1.3613 Primasari, N. S. (2018). Analisis altman z-score, grover score, springate, dan zmijewski sebagai signaling financial distress (Studi empiris industri barang-barang konsumsi di Indonesia). Accounting and Management Journal, 1(1), 23–43. https://doi.org/10.33086/amj.v1i1.70 Rahmawati, D., & Khoiruddin, M. (2017). Pengaruh corporate governance dan kinerja keuangan dalam memprediksi kondisi financial distress. Management Analysis Journal, 6(1), 1–12. https://doi.org/10.15294/maj.v6i1.8184 Rivai, A. (2017). Risiko pembiayaan murabahah dan musyarakah pada profitabilitas bank umum syariah. Jurnal Ekonomi Syariah Dan Filantropi Islam, 1(2), 189-197. https://doi.org/10.22236/alurban_vol1/is2pp189-197 Riyadi, S. (2008). Bangking assets and liability management. Jakarta: Lembaga Penerbit Fakultas Ekonomi Universitas Indonesia Samryn. (2012). Pengantar akuntansi: Mudah membuat jurnal dengan pendekatan siklus transaksi. Jakarta: Rajawali Pers. Sari, M. K., & Sadriatwati, S. E. (2020). Analisis financial distress pada bank umum syariah melalui metode regresi logistik biner data panel. Jurnal Penelitian Ekonomi dan Akuntansi, 5(2), 187–206. http://dx.doi.org/10.30736%2F.v5i2.336 Sofiasani, G., & Gautama, B. P. (2016). Pengaruh CAMEL terhadap financial distress pada sektor perbankan Indonesia periode 2009-2013. Journal of Business Management Education (JBME), 1(1), 138–148. https://doi.org/10.17509/jbme.v1i1.2283 Sucipto, A. W., & Muazaroh. (2017). Kinerja rasio keuangan untuk memprediksi kondisi financial distress pada perusahaan jasa di bursa efek Indonesia periode 2009-2014. Journal of Business & Banking, 6(1), 81–98. https://doi.org/10.14414/jbb.v6i1.893 Suheriadi. (2020). Dampak PSBB: Awas, kredit macet mengintai. Retrieved from https://infobanknews.com/dampak-psbb-awas-kredit-macet-mengintai/ Susanti, N., Latifa, I., & Sunarsi, D. (2020). The effects of profitability, leverage, and liquidity on financial distress on retail companies listed on Indonesian stock exchange. Jurnal Ilmiah Ilmu Administrasi Publik, 10(1), 45-52. https://doi.org/10.26858/jiap.v10i1.13568 Susdaryo, Y., Sofiati, N. A., Kumaratih, I., Limakrisna, N., Che Haat, M. H., Muhammad, Z., Kusumawardani, A., & Saputra, J. (2021). Factors that affect financial distress in Indonesia. International Journal of Research - Granthaalayah, 9(9), 306–315. https://doi.org/10.29121/granthaalayah.v9.i9.2021.4269 Ukhriyawati, C. F., Arifin, A., & Mulyati, S. (2021). Pengaruh kinerja keuangan dalam memprediksi kondisi financial distress pada perbankan yang terdaftar di bursa efek Indonesia. 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Investor Behavior Analysis on the Use of Binomo Binary Option Online Trading Application among Gen-Z Muslims Syavira Raniya; Marliyah Marliyah
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 9 No. 2 (2022): Maret-2022
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol9iss20222pp168-181

Abstract

ABSTRAK Penelitian ini bertujuan untuk meneliti perilaku investor generasi Z muslim dalam mengambil keputusan untuk menggunakan aplikasi trading binary option Binomo. Penelitian ini menggunakan metode deskritif  kualitatif. Kesimpulan dari penelitian ini adalah terdapat dua kelompok yang berbeda dari perilaku Gen-Z muslim, kelompok yang pertama adalah mereka yang memutuskan untuk  tetap memakai aplikasi Binomo walaupun sudah mengetahui akan hukum binomo yang memiliki unsur judi didalamnya, dan satu kelompok lainnya yang langsung meninggalkan aplikasi Binomo saat mengetahui aplikasi ini mengandung unsur judi dalam transaksinya. Prespektif generasi Z muslim terhadap aplikasi Binomo pada sisi hukum memiliki berbagai sudut pandang yang berbeda terutama pada keputusan untuk terus menggunakan ataupun meninggalkan aplikasi ini. Keputusan OJK dan BAPPEBTI terhadap legalitas aplikasi ini memiliki titik terang saat kedua badan tersebut telah menyatakan bahwa aplikasi Binomo ini ilegal. Kata Kunci: perilaku investor, Binary Option Binomo, Gen-Z muslim, investasi syariah.   ABSTRACT This study aims to examine the behavior of Muslim generation Z investors in making decisions to use the Binomo binary options trading application. This study uses a qualitative descriptive method. This study concludes that there are two different groups of Muslim Gen-Z behavior, the first group is those who decide to continue using the Binomo application even though they already know the Binomo law which has gambling elements in it, and another group who immediately leaves the Binomo application. when you find out this application contains elements of gambling in the transaction. The perspective of Generation Z Muslims towards the Binomo application on the legal side has different points of view, especially on the decision to continue to use or leave this application. The decision of OJK and BAPPEBTI on the legality of this application has a bright spot when the two agencies have declared that the Binomo application is illegal. Keywords: investor behavior,  Binary Option Binomo,  Muslim Gen-Z, sharia investment.   DAFTAR PUSTAKA Andriani, F. (2020). Investasi reksadana syariah di Indonesia islamic mutual fund investment in Indonesia. At-Tijarah: Jurnal Penelitian Keuangan dan Perbankan Syariah, 2(1), 44-65. Bencsik, A., Juhász, T., & Horváth-Csikós, G. (2016). Y and Z generations at workplaces. Journal of Competitiveness, 6(3), 90–106. https://doi.org/10.7441/joc.2016.03.06 Binary option. (2021). Retrieved from https://www.investopedia.com/terms/b/binary-option.asp Binomo. (2021). Retrieved from https://www.sahamok.net/binomo diakses pada 24 Desember 2021 Dewan Syariah Nasional-Majelis Ulama Indonesia (DSN-MUI). (2002). Fatwa DSN-MUI Nomor 28 tahun 2002 tentang jual beli mata uang (Ash sharf). Jakarta: DSN-MUI. Dolot, A. (2018). The characteristics of generation z. E-Mentor, 74, 44–50. https://doi.org/10.15219/em74.1351 Ghazali, H. (2019). Islam untuk gen-z: Mengajarkan Islam dan mendidik muslim generasi z, panduan bagi guru PAI. Jakarta: Wahid Foundation. Hasanuddin, A. F. (2019). Pendapat majelis ulama indonesia (MUI) kabupaten Malang terhadap trading binary option. Skripsi tidak dipublikasikan. Malang: UIN Malang. Hasbiansyah, O. (2008). Pendekatan fenomenologi: Pengantar praktik penelitian dalam ilmu sosial dan komunikasi. Mediator: Jurnal Komunikasi, 9(1), 163–180. https://doi.org/10.29313/mediator.v9i1.1146 Kewenangan Bappebti. (2021). Retrieved from https://bappebti.go.id/kewenangan Kulsum, N. M. (2018). Modul perilaku konsumen. Jakarta: Universitas Nasional. Miles, M. B., & Huberman, A. M., Rohidi, T. R., & Mulyarto. (1992). Analisis data kualitatif: Buku sumber tentang metode-metode baru. Jakarta : Penerbit Universitas Indonesia (UI -Press). Mukarromah, P. S. I. (2021). 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Analysis of Factors Affecting the Decisions of Islamic Stock Investors in Surabaya during the Covid-19 Pandemic Ibnu Affan; Clarashinta Canggih
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 9 No. 2 (2022): Maret-2022
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol9iss20222pp213-229

Abstract

ABSTRAK Penelitian ini bertujuan untuk mengetahui faktor-faktor apa saja yang berpengaruh terhadap keputusan investor saham syariah di Surabaya selama pandemi Covid-19. Faktor-faktor tersebut didapatkan melalui market variables, financial literacy, herding behavior, dan risk tolerance. Metode penelitian menggunakan pendekatan kuantitatif dengan teknik analisis yakni analisis faktor konfirmatori. Penelitian ini memakai teknik purposive dan snowball sampling untuk mendapatkan 100 responden melalui kuesioner yang disebar sesuai dengan kriteria yang telah ditentukan. Hasil dari penelitian menyatakan bahwa terdapat tiga faktor yang memengaruhi keputusan investor saham syariah di Surabaya selama pandemi Covid-19 yakni perilaku herding sebagai faktor utama, pengetahuan investasi sebagai faktor kedua, dan market variables sebagai faktor ketiga. Kata Kunci: Perilaku Herding, Pengetahuan Investasi, Market Variables, Keputusan Investasi, Pandemi Covid-19.   ABSTRACT This study aims to determine what factors influence the decisions of Islamic stock investors in Surabaya during the Covid-19 pandemic. These factors are obtained through market variables, financial literacy, herding behavior, and risk tolerance. The research method uses a quantitative approach with analytical techniques, namely confirmatory factor analysis. This study used purposive and snowball sampling to get 100 respondents through questionnaires distributed according to the predetermined criteria. The results found that three factors influence the decisions of Islamic stock investors in Surabaya during the Covid-19 pandemic, i.e., herding behavior as the main factor, investment knowledge as the second factor, and market variables as the third factor. 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Journal Cover Vol 9, No 2 (2022) Journal Cover
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 9 No. 2 (2022): Maret-2022
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

PENGARUH LEMBAGA KEUANGAN MIKRO SYARIAH (LKMS) BERKUALITAS TERHADAP PENINGKATAN KEUNTUNGAN USAHA MIKRO KOTA DEPOK Aditya Hadid Riyadi; Jaenal Effendi; Tita Nursyamsiyah
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 6 No. 5 (2019): Mei-2019
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol6iss20195pp1086-1100

Abstract

Micro-enterprises generally have the potential to improve people's living standards and have contributed to economic growth in Indonesia. In its development process, capital is the biggest problem faced by micro enterprises due to the number of microbusinesses that are still unbankable. The existence of alternative financial institutions other than banks that can overcome these problems is needed. Islamic microfinance institution (LKMS) or commonly known as BMT is the best solution to solve the capital problem of micro enterprises. Easy access to financing for microenterprises and mutually beneficial profit sharing system, LKMS has become a solution for the development of member’s business. This study aims to analyze the effect of islamic micro financial institution (LKMS) on the increase of profit of microenterprises in Depok City using Ordinary Least Square (OLS) method. The result of research shows that there is a significant influence of the increase of profit of microenterprises after financing in LKMS.Keywords: Financing, LKMS, Microenterprises, OLSREFFERENCESAnggraeni, Lukytawati, Herdiana Puspitasari, Salahuddin El Ayubbi, and Ranti Wiliasih. 2013. “Akses UMKM Terhadap Pembiayaan Mikro Syariah Dan Dampaknya Terhadap Perkembangan Usaha : Kasus BMT Tadbiirul Ummah , Kabupaten Bogor The Access of MSME towards Islamic Microfinancing and Its Impact on Business Development : A Case of BMT Tadbiirul Ummah , Bogor.” I(1): 56–67.Antonio MS. 2001. Bank Syariah dari Teori ke Praktek. Jakarta (ID): Gema InsaniApriadi F, Alexandi MF. 2013. Solusi Peningkatan Sumberdaya Manusia Pada Baytul Maal wat Tamwil (BMT) di Indonesia Melalui Pendekatan Analytic Network Process (ANP). Jurnal al-Muzara’ah, Vol. I No. 2, 2013Antara I, Aswitari L. 2016. Beberapa Faktor Yang Mempengaruhi Pendapatan Pedagang Kaki Lima Di Kecamatan Denpasar Barat. E-Jurnal Ekonomi Pembangunan Universitas Udayana, Vol. 5 No. 11, 2016.Beik, I. Arsyianti, L. D., 2016. Ekonomi Pembangunan Syariah (Edisi Revisi). Jakarta (ID): PT Raja Grafindo Persada.Dani F. 2017. Muhammad Fajar Dani. Analisis Faktor-Faktor yang Mempengaruhi Omset UMKM Nasabah Pembiayaan [skripsi] . Bogor (ID): Institut Pertanian BogorFahrudin A. 2012. Pengantar Kesejahteraan. Bandung (ID): PT Rafika AditamaFirdaus. 2011. Ekonometrika: Suatu Pendekatan Aplikatif. Jakarta (ID): Bumi AksaraEffendi, Jaenal, and Annisa Rindra Utami. 2016. “THE EFFECT OF SOCIAL CAPITAL ON CUSTOMER ’ S.” 8(July): 227–42.Gina, Widya, and Jaenal Effendi. 2014. “Program Pembiayaan Lembaga Keuangan Mikro Syariah ( LKMS ) Dalam Peningkatan Kesejahteraan Pelaku Usaha Mikro ( Studi Kasus BMT Baitul Karim Bekasi ) Financing Program in Microfinance Institution ( LKMS ) of Welfare Enhancing for Micro Business Enterprises ( Study Case in BMT Baitul Karim Bekasi ) 1 Pendahuluan.” 3(1): 33–43.Gujarati DN. Dasar-Dasar Ekonometrika Edisi Kelima. Jakarta (ID):Erlangga.Guruddin SR. 2014 Peran BMT Dalam Pengembangan Usaha Mikro Kecil (Studi Kasus Pada Bmt Al-Amin Kota Makassar) [skripsi] . Makasar (ID): UIN Alauddin MakassarHaekal M. 2015. Analisis Tingkat Kesehatan BMT Dan Dampak Pembiayaan Mikro Syariah Terhadap Perkembangan Usaha Mikro (Studi Kasus BMT Al-Azhar Maros) [skripsi] . Bogor (ID): Institut Pertanian BogorHidayati N. 2014. Faktor-Faktor yang Memengaruhi Realisasi Pembiayaan Mikro Syariah dan Dampaknya terhadap Omzet Usaha Nasabah: Studi Kasus KJKS BMT UGT Sidogiri cabang Koja Jakarta [skripsi] . Bogor (ID): Institut Pertanian Bogor.Muttaqin A. 2012.Model Pembiayaan Baitul Maal Wa Tamwil Dan Peranannya Dalam Pembinaan Kesejahteraan Usaha Kecil Menengah (UKM). Jurnal Humanity Vol. 7 No. 2, Juli 2012Nabilah S. 2015. Analisis Risiko dan Faktor-Faktor Yang Memengaruhi Tingkat Pengembalian Pembiayaan Syariah Pada Sektor Pertanian ( Studi Kasus BMT As Salam, Kramat, Demak) [skripsi] . Bogor (ID): Institut Pertanian Bogor.Prastiawati F, Darma ES. 2016. Peran Pembiayaan Baitul Maal Wat Tamwil Terhadap Perkembangan Usaha dan Peningkatan Kesejahteraan Anggotanya dari Sektor Mikro Pedagang Pasar Tradisional. Jurnal Akuntansi dan Investasi. Vol. 17 No. 2, Hlm: 197-208, Juli 2016Pristiyanto, Bintoro MH, Soekarto SJ. 2013.Strategi Pengembangan Koperasi Jasa Keuangan Syariah Dalam Pembiayaan Usaha Mikro di Kecamatan Tanjungsari, Sumedang. Jurnal Manajemen IKM. Vol. 8 No.1, Februari 2013Puspitasari H. 2012. Akses UMKM Terhadap Pembiayaan Mikro Syariah danDampaknya Terhadap Perkembangan Usaha (Kasus: BMT Tadbirul Ummah, Kabupaten Bogor). [Skripsi]. Bogor (ID): Institut Pertanian Bogor.Ridwan M. 2004. Manajemen Baitul Maal Wa Tamwil (BMT). Yogyakarta (ID): UII Press.Septiana RM. 2013. Analisis Dampak Pembiayaan Mikro Syariah Terhadap Perkembangan Keuntungan UMKM di Kabupaten [skripsi] . Bogor (ID): Institut Pertanian BogorSoemitra A. 2009. Bank dan Lembaga Keuangan Syariah. Medan (ID): Kencana.Soetrisno N. 2012. Lembaga Keuangan Mikro: Energi Pemberdayaan Ekonomi Rakyat. [internet]. [diunduh 2013 Mei 6]. Tersedia pada: http://www.smecda.com.Sudarno. 2011. Kontribusi Usaha Mikro, Kecil dan Menengah (UMKM) dalam Penyerapan Tenaga Kerja di Depok. Jurnal Ekonomi dan Bisnis. Vol. 10 No.2, Desember 2011Sudarsono H. 2008. Bank dan Lembaga Keungan Syariah, Deskripsi dan Ilustrasi. Yogyakarta (ID): Ekonisia.Syafitri N. 2010. Analisis Strategi Pemasaran Produk Dana Koperasi Baitul Maal Wa Tamwil Muamalat Di Perumnas Bantarjati Bogor Utara [skripsi] . Bogor (ID): Institut Pertanian BogorTambunan T. 2009. UMKM di Indonesia. Bogor (ID): Ghalia Indonesia.Tunas AN. 2014.Analisis Pengaruh Pembiayaan Syariah Terhadap Perkembangan Usaha Mikro Kecil Menengah Di Kota Depok [skripsi] . Bogor (ID): Institut Pertanian Bogor.Walpole R. 1992. Pengantar Statistika. Jakarta (ID) : Gramedia Pustaka Utama.Zeller M, Mayer RL. 2002. The Economics of Microfinance. Washington DC (USA): International Food Research Institute.
PENGARUH FAKTOR FUNDAMENTAL DAN RISIKO SISTEMATIK TERHADAP HARGA SAHAM PERUSAHAAN DI PASAR MODAL SYARIAH (Studi Kasus di Jakarta Islamic Index Periode 2014-2017) Vega Zahrah Narendra Duhita; Nisful Laila
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 6 No. 10 (2019): Oktober-2019
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol6iss201910pp1984-1994

Abstract

This research aims to find out and explain the influence of financial fundamental factors (DER, NPM, ROA, TATO, EPS, and PER) and systematic risks (Stock Beta) on stock price of the companies which were registered on Jakarta Islamic Index period 2014-2017. It uses quantitative approach to find out the relation between one variable and another. Data used is a secondary data including the value of every ratio used and closi stock price in ecery company. The object of the research is 16 companies which were registered on Jakarta Islamic Index during the research period. This research focuses on whether the variables used affect companies’ stock price by using multiple linier regression test and statistical tool IBM SPSS 25 and determining the level of significance 5%. The results of the research show that the fundamental factors and systematic risks simultaneously have a positive and significant effect on companies’ stock price on JII during period 2014-2017. Meanwhile, the variables of DER, ROA, TATO, EPS partially have a positive and significant effect, the variables of NPM, PER, and stock beta have insignificant effect on companies’ stock price on JII during period 2014-2017.Keywords: Fundamental Analysis, Stock Price, Systematic Risks, Jakarta Islamic Index
COMPARATIVE ANALYSIS OF THE IMPLEMENTATION OF INTERNET FINANCIAL REPORTING BY ZAKAT MANAGEMENT ORGANIZATIONS (OPZ) IN INDONESIA Basyasyatul Hanafiyah; Noven Suprayogi
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 7 No. 8 (2020): Agustus-2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol7iss20208pp1439-1450

Abstract

The purpose of this study was to determine the differences of Internet Financial Reporting (IFR) index between Lembaga Amil Zakat Nasional (LAZNAS)  and Badan Amil Zakat Nasional Provinsi (BAZNASPROV) in Indonesia. This research uses a quantitative approach with an independent sample t-test. The population in this study is the official website of LAZNAS and BAZNASPROV in Indonesia. Sample selection using purposive sampling technique with two criteria. The website have to be can accessed properly, furthermore LAZNAS and BAZNASPROV have been inaugurated for more than 2 years. The data used is secondary data. Data collection was obtained from the official websites of LAZNAS and BAZNASPROV in Indonesia. The results of this study indicate that there is no significant difference in the IFR index between LAZNAS and BAZNASPROV. Based on the four IFR components used, one and only component showed significant difference is technology used. However, the results obtained that between LAZNAS and BAZNASPROV still do not provide maximum on internet financial reporting yet.Keywords: Internet Financial Reporting, LAZNAS, BAZNASPROV
THE CONTRIBUTION OF MUKMIN MANDIRI PESANTREN IN THE ACHIEVEMENT OF SUSTAINABLE DEVELOPMENT GOALS (SDGs) THROUGH POVERTY ALLEVIATION Safika Rosyidatul Arifah; Irham Zaki
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 7 No. 8 (2020): Agustus-2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol7iss20208pp1501-1513

Abstract

UN member states have carried out a series of sustainable development in 2030 and included 17 Sustainable Development Goals (SDGs). One of the main points of attention is the first point concerning poverty alleviation which is largely due to unemployment. Therefore we need an effective strategy in solving these problems. Not only from the government, but can also come from the community. Similarly, pondok pesantren. With the existence of pesantren, the government strongly believes that pesantren can improve welfare and alleviate poverty. One of the pesantren involved is the Mukmin Mandiri boarding school, which also contributes to the economic development of the people, namely unemployment reduction, by empowering the community to become students having religious provisions as well as entrepreneurs through opening employment opportunities for students. The purpose of this study is to determine the role of pesantren in poverty alleviation. The research method used is qualitative with a case study design. Data collected through observation, interviews and documents. Then, the data is validated by triangulation of sources and techniques. The results showed the existence of pesantren businesses as a way of opportunity and a place for empowering skills for unemployed people. Furthermore, the empowerment of these skills can be reflected in the recognition of the background of the santri.Keywords: Pesantren Economy, Sustainable Development Goals, poverty alleviation, unemployment skills empowerment
INTELLECTUAL CAPITAL, COMPETITIVE ADVANTAGE, AND RETURN ON ASSETS OF SHARIA BANKS IN INDONESIA FOR DURING THE Q1 2017-Q4 2018 PERIOD Yanti Andiani; Ari Prasetyo
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 7 No. 10 (2020): Oktober-2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol7iss202010pp1887-1902

Abstract

ABSTRAKPenelitian ini bertujuan untuk mengetahui pengaruh intellectual capital terhadap return on assets dengan competitive advantage sebagai variabel intervening pada bank umum syariah di Indonesia periode Q1 2017-Q4 2018. Sampel dalam penelitian ini adalah bank umum syariah di Indonesia selama periode 2017-2018. Data dikumpulkan menggunakan metode purposive sampling dan memperoleh 10 bank umum syariah. Pendekatan yang digunakan adalah pendekatan kuantitatif dengan teknik analisis jalur (path analysis) dan menggunakan software SPSS. Hasil penelitian ini menunjukkan bahwa: 1) intellectual capital berpengaruh positif dan signifikan terhadap competitive advantage bank umum syariah. 2) intellectual capital berpengaruh positif dan signifikan terhadap return on assets bank umum syariah. 3)competitive advantage berpengaruh positif signifikan return on assets bank umum syariah. 4) competitive advantage memediasi hubungan intellectual capital terhadap return on assets pada bank umum syariah.Kata Kunci: Intellectual Capital, Competitive Advantage, Return on Assets, Bank Umum Syariah ABSTRACTThis study aims to determine the effect of intellectual capital on return on assets with competitive advantage as an intervening variable in Islamic commercial banks in Indonesia in the period Q1 2017-Q4 2018. The sample in this study is Islamic commercial banks in Indonesia during the period 2017-2018. Data were collected using a purposive sampling method and obtained 10 Islamic commercial banks. The approach used is a quantitative approach with path analysis techniques (path analysis) and using SPSS software. The results of this study indicate that: 1) intellectual capital has a positive and significant effect on the competitive advantage of Islamic banks. 2) intellectual capital has a positive and significant effect on return on assets of Islamic banks. 3). competitive advantage has a significant positive effect on Islamic banks' return on assets. 4) competitive advantage mediates the relationship of intellectual capital to return on assets in Islamic commercial banks.Keyword: Intellectual Capital, Competitive Advantage, Return on Assets, Sharia General Bank

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