UIN (Universitas Islam Negeri) Sunan Kalijaga, Yogyakarta: E-Journal Fakultas Ekonomi dan Bisnis Islam
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Islamic Social Environment Perspective and Intention Decisions of Accounting Students at Islamic Financial Institutions
Get PDFThe aim of this research is to test the Islamic social environment on interest decisions and tests from a psychologically behavioural perspective rooted in the theory of planned behaviour (TPB) in individual interest decisions. The research method uses structural equation modeling (SEM) through SmartPLS 3.0 software, with a sample of 157 accounting students at state universities (PTN), state Islamic religious colleges (PTKIN) and private universities (PTS) located in Central Java, West Java and East Java, Yogyakarta. The test results showed that the Islamic social environment significantly affects interest decisions, theory of planned behaviour (TPB) which has dimensions of attitudes, subjective norms and perceptions of behavioural control have a significant effect on islamic social environment and interest decisions. Meanwhile, attitude and subjective norms point to a significant direction toward interest decisions through islamic social environments, while perceptions of behavioural control are insignificant over decision
Evaluating Sharia Banking Financial Performance Before and After Initial Public Offering Using Risk Profile, Good Corporate Governance, Earning and Capital
Get PDFInitial Public Offering is one of the steps that companies can take in order to obtain capital through the shares sold. Through the Islamic capital market, Islamic banking can increase its competitiveness and capital through the industry. The purpose of this study was to assess whether there were changes in the financial performance of Islamic banking before and after the IPO with the Risk Profile, Good Corporate Governance, Earning and Capital Methods (RGEC) approach which was further developed into financial ratios of NPF, FDR, ROA, ROE, and CAR. And to find out whether the decision of Islamic banking to conduct an IPO has been effectively carried out. This study uses the Wilcoxon test to see if the performance of Islamic banks that conducted an IPO in 2018 (Bank BTPN Syariah Tbk. and Bank BRI Syariah Tbk.) changed after conducting an initial public offering. The result is that the average FDR, CAR, and ROE ratios have a significant difference in the financial performance of Islamic banking before and after the IPO and there is no significant difference between the ROA and NP ratios
Quantitative Sharia-Screening Effect on Portfolio Performance and Volatility: Evidence from Indonesia
Get PDFThe aim of this study is to examine the comparative performance and volatility between Sharia and conventional portfolios listed on the Indonesia Stock Exchange (IDX) and to investigate the effect of quantitative (debt-ratio) screening on the Sharia-and-conventional-portfolios returns specifically applied in the selected public firms with the inter-industrial low-correlations. Applying a non-parametric test, the autoregressive integrated moving average (ARIMA) model, and the regression analysis, the results suggest that there is no difference in performance between Sharia and conventional portfolios; Sharia portfolios show the lower risks than conventional portfolios. Using quantitative Sharia-screening, the debt-to-equity ratio (DER) affects Sharia-portfolio returns, but not conventional-portfolio returns. This study contributes to providing country-specific evidence on applying quantitative Sharia-screening. Taking notice of the existing high-profile debt-ratio and applying the relatively loose standard of quantitative Sharia-screening for the public firms in Indonesia, this suggests that a country-specific quantitative Sharia-screening standard should be supported
Covid-19, Financial Markets (Islamic vs Non-Islamic), and Exchange Rate: Does the Malaysian Market Offers Diversification Opportunities to the Investors?
Get PDFWe explore the impact of Covid-19 towards Islamic and non-Islamic financial markets in Malaysia. We employ the wavelet coherency approach (WCA) which allows a deeper investigation of the relationship between the selected variables in terms time-frequency domain. We document that (i) Islamic capital markets represented by FTSEBMEI and MyETFDJIMMT25 are performing better during the Covid-19 period and also offer a greater investment opportunity to the investors for diversification purposes, (ii) non-Islamic index, FTSEBMKLCI, was less affected during this pandemic, and the market offers better risk and optimal diversification benefits to the investors as time progresses, and (iii) exchange rate appears to be more stable and within the phase category, indicating the co-movements are relatively strong in smaller scales. Understanding the impact of Covid-19 on the financial markets will lend to a better portfolio investment design which considers return and risk
Investigating SMEs Performance: Innovation, Leadership, or Investment Driven?
Get PDFThe main objective of this study is to find out how much influence the leadership orientation and innovation strategies affect the level of SMEs investment, which has implications for improving firm performance. This research uses structural equation modeling (SEM) analysis tools to test hypotheses. While the data in this study were processed using AMOS software. However, before testing, a goodness-of-fits model test is used to determine whether the data used is following the SEM model. This study uses a data collection tool in the form of a questionnaire that is calculated for each variable; the study sample is Central Java and DI Yogyakarta SMEs. Empirically all the hypotheses in this study is supported, then this research can be concluded as follows, improving the performance of SMEs can be achieved through the implementation of the company\u27s innovation strategy, the company\u27s ability to invest and the company\u27s foresight in conducting high leadership orientation. The better application of innovation strategy and the strength of SME entrepreneurs in their leadership orientation and their courage in increasing investment to increase the company\u27s innovation capability, it will have implications for improving business performance
Strategy of Empowerment and Marketing of Bridal Crafts (Tamiyang)
Get PDFThe purpose of this research is to provide training in marketing broom handicraft products in Mekarjaya Village, Padamulya Village, where the artisans have problems and many people in the area do not know yet in the process of marketing activities. The approach taken to solve this problem uses a mentoring method in the form of marketing training. The results of the assistance and training program in improving the ability to manage broom products for the people of Padamulya Village can be seen from the change in mindset of the craft owners from those who previously only marketed their products in their home regions but now can expand their market share widely by using current technology, namely applications buying and selling online. In addition, people are starting to understand the importance of brands that affect sales.Keywords: Management, Marketing, Handicraft Produc
Potential of Islamic Insurance Market: Islamic Banking and Sukuk Sectors Case Study in Indonesia
Get PDFThis paper predicts the potential of the Indonesian Islamic insurance market, approached by calculating the premium contribution from the Islamic banking and sukuk sectors. This paper aims to determine and analyze the potential development of Islamic insurance market in Indonesia, seen from total contributions from Islamic banking and sukuk sectors over the next five years. The paper uses the Box-Jenkins ARIMA method which is one of the quantitative forecasting methods. The results of this study indicate that over the next five years, the total contribution of Islamic insurance will experience positive growth and it is predicted that it will have a total contribution of IDR 11,568.40 billion in 2023 from Islamic banking and sukuk sectors with the biggest contributor from the Islamic banking sector. The ARIMA forecasting results show a positive trend in the premium contribution of the Islamic banking and sukuk sectors from year to year. Even so, the growth will experience a slowdown. The prediction of a slowdown in the two sectors in its contribution to the Islamic insurance market in Indonesia is a sign that there might be a decline in the total financing growth by Islamic banking. Likewise with the sukuk sector, both state and corporate sukuk are predicted to experience a slowdown in the growth of Islamic insurance premiums
The Challenge of Merger Result Bank during the Global Economic Recession due to the Covid-19 Pandemic: Case Study of Indonesian Islamic Banks
Get PDFBank Syariah Indonesia (BSI) is a new entity resulting from the merger of Bank Syariah Mandiri, BNI Syariah, and BRI Syariah. BSI was inaugurated in February 2021 amid the global economic recession due to the Covid-19 pandemic. It has not much been explained about the fundamental data of the 3 banks that formed BSI when the recession occurred due to the Covid-19 hit. As a result, BSI\u27s record of challenges during the global recession has not appeared much. The aim of the research is to map the challenges that BSI will face when the economic recession due to the pandemic has not ended. BSI\u27s challenge notes are useful for BSI policymakers, so they can mitigate risks. A qualitative method Miles-Huberman model is employed to analyze the data which is done through 3 stages: data reduction, data display, and verification or conclusion. Based on data analysis, BSI will face the challenges of slow deposit and financing growth, rising non-performing financing, declining net profit, and declining sukuk ratings
Islamic Stock Overreaction Phenomenon on Financial Statement: An Event Study
Get PDFThe purpose of this study is to examine whether there is an overreaction phenomenon in the announcement of financial statements during the observation period. The sample used in this study are stocks listed on the Indonesia Stock Exchange in the Jakarta Islamic Index (JII) category during the 2016-2018 period. T test results on the winner category stock prior to the announcement of the financial statement event which AAR value tends to be negative then AAR changed to positive on the date of the announcement of financial statements. On the contrary, AAR was seen to remain positive and statistically significant even to the 10th day after the announcement of the financial statements. After the announcement of the financial statements, investors do not appear to correct stock prices as an indication that they have overreacted. It’s shows that there was no reversal after the announcement of the financial statements. AAR loser and winner shares did not experience a reversal after the announcement of the financial statements. Results indicate that there is no overreaction phenomenon in the announcement of financial statements on the Indonesia Stock Exchang
Increasing the Community’s Economy Through Use of Processed Tomatoes
Get PDFAbstractThe purpose of community service is done so that the community can utilize the potential of abundant natural resources (RNA) into a product innovation through training activities to make healthy snacks made from tomatoes, is expected to explore the potential of communities that have high selling points, so as to increase the income of the Kp community. Sirnagalih Padamulya Village. Indicators of achievement have a minimum understanding of managing abundant natural resources. The target of the Tom And Jelly making training program is the community of kp. Sirnagalih Padamulya Village, especially mothers. The method used in this community service is to use a workshop method (training) on the procedures for making products from processed tomatoes made into Tom And Jelly. The results of the community service activity were that the community was enthusiastic to know about tomato processing and were very motivated to become entrepreneurs, which can be seen from the many participants who wanted further action such as the grouping of Tom And Jelly businesses.Keywords: Training, Income Improvement, Tomato Utilizatio