1,720,960 research outputs found
A Comparative Analysis of the Performance of Sharia and Conventional Equity Mutual Funds in Indonesia: A Review of Reputation, Stock Selection, and Market Timing
Get PDFThis study examines the comparative performance of Sharia and conventional equity mutual funds in Indonesia by assessing the influence of reputation, stock selection ability, and market timing on risk-adjusted returns as measured by the Sharpe Ratio. The research is motivated by the increasing demand for Sharia-compliant investment alternatives and the growing competition with conventional financial products. The core problem addressed in this study is whether managerial strategies and reputation significantly differentiate the performance of Sharia-based funds from their conventional counterparts. The primary objectives are to analyze the effects of fund reputation, stock selection skills, and market timing on mutual fund performance and to identify whether significant differences exist between Sharia and conventional funds. This quantitative study employs a comparative and causal associative approach using secondary data from 18 mutual funds (9 Sharia and 9 conventional) over the period 2020–2024. The Sharpe Ratio was calculated to measure performance, while stock selection and market timing abilities were evaluated using the Treynor-Mazuy model. The findings reveal that conventional mutual funds outperform Sharia mutual funds in terms of risk-adjusted return. However, no statistically significant differences were observed in stock selection and market timing abilities between the two fund types. Moreover, fund reputation did not significantly influence performance in either category. These results suggest that external market factors and strategic alignment may have a greater impact than past ratings or technical timing. The study contributes to both academic and practical investment discourse, offering insights for investors and fund managers seeking to optimize performance within ethical and financial constraints
AKAD SALAM DAN PROBLEMATIKANYA DI PERBANKAN SYARIAH, PENDEKATAN KRITIS
Get PDFThe purpose of this study is to analyze the application of the salam contract, its development, find problems and provide alternative solutions so that the salam contract can be applied in Indonesian Islamic banking. Research method This research is qualitative research with a critical approach. The results of this study are (1). Salam contract can be applied in Islamic banking in Indonesia and provides benefits as working capital for farmers, fishermen, and MSMEs. Salam contract should be encouraged to be implemented. (2). Salam contract is not implemented in national sharia banking, thus the partiality of sharia banking to farmers, fishermen, and MSMEs, is still not visible. (3). The solution for implementing salam contracts in national Islamic banking is by (a). philosophical re-orientation, namely the re-orientation of the objectives and business model of Islamic banks that are different from conventional banks. (b). Carry out positive law reforms by sharia in Indonesia (shari'a-based omnibus law). (c). Operational technical adjustments, HR literacy, community literacy, and risk management are based on a philosophical re-orientation and strategic reform. And d). The political will of the government, the DPR, and the Indonesian and international communit
Analysis of Islamic Business Ethics on the Production Process of Dumma Official Muslim Fashion: An Ethnometodological Approach
No full textThis study aims to analyze the application of Islamic business ethics in the production process at DUMMA Official and its impact on operational efficiency, work culture, and customer loyalty. The research problem stems from the lack of empirical studies that discuss how sharia principles are not only normative but also contribute to effective and sustainable business practices. To fill this research gap, the study was conducted using a qualitative approach through in-depth interviews, observation, and analysis of company documents. The results show that the implementation of values such as honesty, justice, social responsibility, and transparency contributes positively to the company's performance. Shariah-based SOPs and flexibility in working hours for religious needs enhance operational efficiency, while transparency in reporting and the use of halal and thayyib raw materials foster customer loyalty. This study offers implications for similar companies to adopt Islamic business ethics principles, thereby creating a balance between operational success and spiritual benefits
SHARIA FINTECH PROSPECTS (P2P LENDING) ON MSME FINANCING IN INDONESIA
Get PDFThis study aims to determine the business prospects of Sharia Fintech Lending in Indonesia. In practice, this research uses quantitative methods with trend analysis. The results of the study show that Islamic Fintech Lending has large and wide financing opportunities in Indonesia. This is evident from the results of research showing that the average increase in Islamic Fintech Lending financing is 45%, very high compared to the average increase in conventional bank financing of 0.68%, Islamic Bank 0.42%, Conventional Fintech Lending 11%. This means that even though Sharia Fintech Lending is in the beginner category, it has been able to attract public interest, besides the number of Indonesians who are predominantly Muslim, it is an opportunity for the development of Sharia Fintech Lending. The results of this study are expected to be able to provide a reference for policy makers and Sharia fintech business players, to be able to improve the performance of Sharia fintech lending in Indonesia.
Key Word : P2P, Fintech Lending Sharia, Financing, MSM
The Effect of Product Quality, Suitability, Promotion, and Religiosity as Moderating Variables on Public Interest in Using Sharia Life Insurance in South Jakarta.
Get PDFThis study examines the influence of product quality, suitability, and promotion on public interest in using Sharia life insurance in South Jakarta, with religiosity as a moderating variable. Employing a quantitative approach, data were collected from 104 respondents through an online questionnaire and analyzed using Structural Equation Modelling-Partial Least Squares (SEM-PLS). the results indicate that promotion is the most dominant factor influencing public interest and religiosity, emphasizing the need for effective promotional strategies. Product quality and suitability also positively impact public interest, while religiosity does not significantly moderate these relationships. Instead, religiosity plays an indirect and contextual role, depending on its interaction with other variables. The validity and reliability tests confirm the robustness of the measurement model, ensuring the credibility of findings. However, the insignificant effect of religiosity on public interest suggests the need for further exploration of its moderating role. This study highlights the crucial role of promotion in driving public interest, while religiosity requires deeper examination in future research
SHARIA FINTECH PROSPECTS (P2P LENDING) ON MSME FINANCING IN INDONESIA
Get PDFThis study aims to determine the business prospects of Sharia Fintech Lending in Indonesia. In practice, this research uses quantitative methods with trend analysis. The results of the study show that Islamic Fintech Lending has large and wide financing opportunities in Indonesia. This is evident from the results of research showing that the average increase in Islamic Fintech Lending financing is 45%, very high compared to the average increase in conventional bank financing of 0.68%, Islamic Bank 0.42%, Conventional Fintech Lending 11%. This means that even though Sharia Fintech Lending is in the beginner category, it has been able to attract public interest, besides the number of Indonesians who are predominantly Muslim, it is an opportunity for the development of Sharia Fintech Lending. The results of this study are expected to be able to provide a reference for policy makers and Sharia fintech business players, to be able to improve the performance of Sharia fintech lending in Indonesia.
Key Word : P2P, Fintech Lending Sharia, Financing, MSM
Financial Health and Financial Distress: The Moderating Role of Firm Size in Islamic Banks (2021–2023)
Get PDFThe purpose of this study is to use the Risk Profile, Good Corporate Governance, Earnings, and Capital (RGEC) technique to examine the financial health of Indonesian Islamic commercial banks from 2021 to 2023. Firm size is used as a moderating variable for financial distress. Using secondary data from Islamic commercial banks' annual financial reports, the investigation looked at the correlations between the variables using moderation regression methods. The findings indicate that while the Operational Cost to Operational Income Ratio (CIR) has a large favorable impact on financial hardship, the Capital Adequacy Ratio (CAR) has a considerable negative impact. However, as their values are below the table, Non-Performing Financing (NPF), Good Corporate Governance (GCG), Financing to Deposit Ratio (FDR), and Return on Assets (ROA) have no discernible impact. The association between financial hardship and NPF, GCG, and ROA is moderated by firm size, but not by other factors. The model well describes the variability of financial hardship, as evidenced by the determination coefficient of 91.6%. This study highlights the importance of firm size in mitigating financial distress and offers insights for regulators and bank management to enhance financial performance and reduce financial distress risks
Going Beyond Counting First Authors in Author Co-citation Analysis
Get PDFThe present study examines one of the fundamental aspects of author co-citation analysis (ACA) - the way co-citation
counts are defined. Co-citation counting provides the data on which all subsequent statistical analyses and mappings
are based, and we compare ACA results based on two different types of co-citation counting - the traditional type that
only counts the first one among a cited work's authors on the one hand and a non-traditional type that takes into
account the first 5 authors of a cited work on the other hand. Results indicate that the picture produced through this non-traditional author co-citation counting contains more coherent author groups and is therefore considerably clearer. However, this picture represents fewer specialties in the research field being studied than that produced through the traditional first-author co-citation counting when the same number of top-ranked authors is selected and analyzed. Reasons for these effects are discussed
Variations on the Author
Get PDF“Variations on the Author” discusses two of Eduardo Coutinho’s recent films (Um Dia na Vida, from 2010, and Últimas Conversas, posthumously released in 2015) and their contribution to the general question of documentary authorship. The director’s filmography is characterized by a consistent yet self-effacing form of authorial self-inscription: Coutinho often features as an interviewer that rather than express opinions propels discourses; an interviewer that is good at listening. This mode of self-inscription characterizes him as an author who is not expressive but who is nonetheless markedly present on the screen. In Um Dia na Vida, however, Coutinho is completely absent form the image, while Últimas Conversas, on the contrary, includes a confessional prologue that moves the director from the margins to the center of his films. This article examines the ways in which these works stand out in the filmography of a director who offers new insights into the notion of cinematic authorship
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