UIN (Universitas Islam Negeri) Sunan Kalijaga, Yogyakarta: E-Journal Fakultas Ekonomi dan Bisnis Islam
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Does Finance Access Matters for Children? An Evidence Form Indonesia Family Life Survey 5 and 4
Get PDFAs explained in the declaration of Sustainable Development Goals (SDG) in January 2016, two of the achievements are good health and wellbeing and quality education. Households as one of the drivers of the economy, household should be able to improve this achievement. Because There are two kinds of household’s outcome such as; child health and child education. One of the factors that influence this outcome is household financial access. A household who had better access on finance was more sustain than the other. This study aims to examine the impact of household financial acces on child education and child health. Source of data that used is Indonesia Family Life Survey (IFLS/SAKERTI) year 2014 and 2007. The recognition that finance access is an input in a household\u27s production function has major implications for development. It suggests that the acquisition of human capital and the establishment of a physical infrastructure needs to be complemented by human investment the estimation is done in three ways; pooled OLS, fixed effect and random effect. The result shows that finance access matters for child health, specially the availability of BRI and BMT in village. And for child education, finance access specially the availability of BRI and BMT in village have positive impact for child education
Shariah Screening methodologies: SAC-SC vs DJIM Comparative study and impact assessment on their performance
Get PDFPurpose – The purpose of this paper is to compare between two screening methodologies in terms of applied methods and the impact assessment. Other than this the paper measures the performance of screened stocks in terms of risk & return and compare it to the conventional onesDesign/methodology/approach – The methods used are a combination of archival and bibliographic research based on some previously published articles. Also the papers use secondary data from published reports.Findings – The paper identifies the impact assessment of the screening methodologies and how investors will not sacrifice part of their returns in order to achieve their moral and ethical values.Originality/value – Many studies compared the two screening indices in term of methodologies; however this paper investigates and uses a quantitative analysis on the impact and performance of the screening methodologies. Furthermore it compares the stages of screening between Shariah Advisory Council of Securities commission (SAC-SC) and Dow Jones Islamic Market Index (DJIM)Keywords – screening, methodologies, impact assessmentPaper type – comparative case stud
ANALISIS IMPLEMENTASI REMUNERASI BLU (STUDI KASUS PADA UIN SUNAN KALIJAGA YOGYAKARTA)
Get PDFAbstrakTujuan penelitian ini adalah untuk mengetahui dan menganalisis sistem remunerasi yang telah diimplementasikan di UIN Sunan Kalijaga Yogyakarta. Populasi dalam penelitian ini adalah dosen dan pegawai di lingkungan UIN Sunan Kalijaga Yogyakarta. Jumlah sampel penelitian sebanyak 57 orang yang merepresentasikan setiap jabatan. Teknik penarikan sampel menggunakan stratified random sampling. Metode analisis yang digunakan adalah analisis deskriptif. Hasil penelitian menunjukkan bahwa sistem remunerasi BLU UIN Sunan Kalijaga Yogyakarta cukup baik. Hal ini ditunjukkan dengan skor rata-rata persepsi responden atas instrumen yang ditanyakan sebesar 3,30. Variabel yang dominan disetujui oleh responden adalah tentang sistem penilaian kinerja dengan skor rata-rata sebesar 3,63. Variabel lainnya adalah Sistem Penetapan Grading (3,07), Penetapan Tarif (3,05), Pelaporan Kinerja (3,45), dan Penghargaan (3,29). AbstractThe purposes of this research is to investigate and analyze remuneration system which have been implemented in UIN Sunan Kalijaga Yogyakarta. The population taken in this study are lecturers and employees of UIN Sunan Kalijaga Yogyakarta. The sample of study are 57 people who representated each position. The sampling technique used in the study is stratified random sampling. Analytical Metode used is descriptif analyze. The result is remuneration system in BLU UIN Sunan Kalijaga Yogyakarta is good enough. This is demonstrated by the average score of respondents\u27 perception on the instrument in question amounted to 3.30. The dominant variable is approved by the respondents is about the performance appraisal system with an average score of 3.63. Other variables are Determination System Grading (3.07), Determination of Rates (3.05), Performance Reporting (3.45), and Reward System (3.29) Kata Kunci: Remunerasi, BLU (Badan Layanan Umum), Perguruan Tinggi, Kinerj
FORECASTING THE POTENTIAL ROLE OF CASH WAQF AS A ISLAMIC SOCIAL FUND IN ERADICATING POVERTY AND IMPROVING SOCIAL WELFARE: THE USE OF WEIGHTED MOVING AVERAGE METHOD Study at Special Region of Yogyakarta (DIY)
Get PDFAbstractThis research investigates the role of cash waqf as a Islamic social fund in eradicating poverty in Special Region of Yogyakarta. Researchers combine both of quantitative and qualitative research methods (triangulation) to increase the perceived quality of research findings. To answer the problems, researchers employe three steps analysis, firstly forecasting with statistical approach using the weighted moving average method; secondly cash waqf simulation; and thirdly researchers propose The New Integrated Model Of Cash Waqf Information System. The results of this study has succesfully answered the progress of cash waqf, the support of stakeholders (government, financial institutions and society) to achieve target of cash waqf. Based on the forecasting moving average method, it can be seen that the collected fund of cash waqf is still very fluctuating in some future period following the trend of cash waqf fund before. In the simulation of cash waqf based on expenditure distribution at DIY , to reach the target of cash waqf in one year, for example in 2018, that is equal to Rp. 684,646,315.33, each household only spend about of Rp. 60,000 to Rp. 80,000 per year. If all Muslim societies especially at DIY have realized the importance of cash waqf, then the potential cash waqf cant be maximized and the flow of cash waqf returns can be distributed to strengthen the social pillars of the region such as poverty, hunger, health and eduaction. Keywords: cash waqf, eradicating poverty, forecasting, simulation, integrated mode
TRANSFER INFORMASI INTRAINDUSTRI PADA PENGUMUMAN KENAIKAN DIVIDEN
Get PDFThe aim of this research is to test intra-industry transfer in the announcement of dividend increase in Indonesia Stock Exchange. This research is to prove the behaviour of competitor companies (nonreporter) in the same industry with company which makes the announcement of dividend increase (reporter) to the companies. The latest samples are 381 companies. The result of this test is showing that announcement of devidend increase has a significant effect to the judgement of companies which are not make the announcement. This announcement is make a competitive effect. This effect shows that the good news from the reporter company will be bad news for the other companies in the same industry. The statistic menthod which is used to test the hypothesis is t test. This research is also used to test the reaction from the nonreporter companies which already or not yet announce their devidend. The result of this test shows that there are no difference reaction from the nonreporter companies, which already or not yet announce their dividend. It means that investors more interest to get some profit from capital gain than dividend.Keyword: transfer of information, intraindustry, dividen
The Relation Between Minimum Wages and Poverty in Indonesia: An Islamic Perspective
Get PDFThis study is part of Islamic economics research that aims to determine the relationship between the minimum wage and poverty rate in Indonesia, especially case studies in West Java, Central Java, East Java, Special Region of Yogyakarta, and Banten during the period 2007-2013. In addition to the primary independent variable, there are six control variables are used, the level of education, the GDP per capita, unemployment rate, inflation rate, average wages and economic growth. The analysis technique used in this study are Arellano Bond Dynamic GMM (Generalized Method of Moment). The results of this study found that the minimum wage is not a significant effect on poverty levels in 2007-2013, especially in the districts/cities in West Java, Central Java, East Java, Special Region of Yogyakarta and Banten. Based on the explanation above, it can be concluded that government has responsibilities and sufficient role to reduce poverty through minimum wage standardization, the state also has responsibilities to create social security, both for those who are unable to work, informal workers and vulnerable workers, so that the level of wages (income) they can meet any basic needs according to Ibn Hazm include food, clothing, health, education and housing
Testing The Warrants Mispricing and Their Determinants: The Panel Data Models
Get PDFThis paper empirically studied the impact of several variables such as moneyness, stock return, maturity, and volatility on the warrant mispricing. We selected 4 companies listed in Bursa Malaysia such as MHC Plantations Bhd, MKH Bhd, YFG Bhd, and UNISEM to investigate the mispricing of warrants. Subsequently, panel time series data employed with daily basis from 30 June 2010 until 30 June 2013. The Black-Scholes Option Pricing Model (BSOPM) used to determine the mispricing of warrant. Several panel data techniques employed in this study such as pooled-OLS, fixed effect model (FEM), and random effect model (REM). In turn, we found that FEM is well explained the determinants of warrant mispricing. Thus, empirical results suggest that moneyness, maturity, and volatility are positively and significantly explained the mispricing of warrant, while stock return does not give an impact toward the warrant mispricing. The BSOPM is consistently mispricing the warrant either in-the-money (ITM) or out-the money (OTM) warrants. The market is not efficient on the warrants traded for four companies observe
FILOSOFI DAN PERWUJUDAN PRINSIP TAUHȊDULLAH,DANAL-‘ADÂLAH, DALAMIJÂRAH, DAN IJARAH MUNTAHIA BI-TAMLIK (IMBT)
Get PDFPaper ini menjelaskan tentang bagaimana filosofi dan perwujudan prinsisp Tauhȋdullah dan Al-‘Adalah dalam ijarah dan Ijarah Muntahia Bi-Tamlik (IMBT). Dalam pembahasannya mengemukakan tentang pengertian prinsip Tauhȋdullah dan Al-‘Adalah, pengertian ijarah, pengertian Ijarah Muntahia Bi-Tamlik (IMBT), dan perwujudan prinsip Tauhȋdullah dalam ijarah dan Ijarah Muntahia Bi-Tamlik (IMBT), serta perwujudan prinsip Al-‘Adalah dalam ijarah dan Ijarah Muntahia Bi-Tamlik (IMBT). Dan menyimpulkan bahwa Prinsip Tauhȋdillah sebagai suatu prinsip yang memberikan aturan yang mengikat antara manusia dengan Rabb-nya, dan prinsip Al-‘Adalah sebagai suatu prinsip yang akan memberikan dampak kerharmonisan kepada sesama manusia, karena dengan adanya nilai-nilai keadilan maka tidak akan ada pihak yang merasa dirugikan atau dizalimi. Sehingga dengan memahami adanya perwujudan Tauhȋdillah dalam ijarah dan Ijarah Muntahia Bi-Tamlik (IMBT), maka sistem ijarah dan IMBT akan diterapkan dengan benar sesuai dengan syariat Islam
Measuring Efficiency of Life Insurance Instution in Indonesia: Data Envelopment Analysis Approach
Get PDFThis study aims to measure the level of efficiency of the life insurance industry in Indonesia. The calculation of the efficiency level in this study is relative, not absolute. The approach used is Data Envelopment Analysis (DEA). There are 8 research objects: Prudential, BNI Life, PaninDai-IchiLife, Asuransi Jiwasraya and Life Insurance Adisaranan Wanaartha, Takaful Takaful Insurance, Amanahjiwa Giri sharia insurance and Al-Amin sharia life insurance. This study consists of three input variables (cost of Commissive (X1), Operational Cost (X2), Total Equity (X3) and 2 output variables (Premium) (Y1) and Investment Revenue (Y2)). The results explain that there are 15 perfectly efficient DMUs (100%). And an inefficient of 24 DMU, consisting of 7 DMU conditions IRS and 17 DMU with DRS conditions. Of all the DMU observed, Prudential insurance is a life insurance company that is able to maintain its gradual efficiency level from 2013 to 2016 when compared to other life insurance in this observation. In general, the main factor inefficiency of life insurance industry in Indonesia (in observation) from 2012 to 2016 is from the output side. To be more efficient then life insurance companies should increase the value of premiums by 91% and investment income of 8%
vulnerability of islamic banking
Get PDFThe recent global financial crisis has renewed the focus on the resistance of Islamic banks in order to confront the crisis. While several empirical studies show that Islamic banks have no resist from the crisis. thus, Islamic banks run their business side by side with their counterpart and play the game under the same umbrella and the rules of game. In case of Indonesia, which implement dual banking system, Islamic banks have potential to be effected by the variables of conventional banks. Which mean, this condition led the Islamic banks have the vulnerable spot in economic life. This paper aim to examine the stability of Islamic banks and to discern dynamic behavior of Islamic banks to the macroeconomic variables such as GDP, inflation rate, exchange rate and interest rate. the measure of stability of Islamic banks formulated as z-score. Then, We use VAR/VECM analysis in order to see the dynamic behavior and the vulnerability of Islamic banks. the paper found several findings, first, during the global financial crisis, Islamic banks more stable than the conventional banks, while after the global financial crisis conventional banks tend to be more stable than Islamic banks. Second, From the IRF test display that Islamic banks react sensitively to the shock of interest rate. however, Islamic banks prohibit the practice of interest rate. even though, in practical reason, Islamic bank use interest rate as benchmarking to determine the price. This condition put the Islamic Banks in vulnerable condition. Third, the FEVD test showed that the stability of Islamic banks mostly contribute by its own stability then followed by GDP, interest rate, exchange rate and Inflation. At the seventh period the stability of Islamic banks mostly contribute by its stability then followed by Inflation rate, GDP, exchange rate and interest rate