9 research outputs found
REAKSI PASAR SEBELUM DAN SESUDAH PENGUMUMAN KEBIJAKAN PEMECAHAN SAHAM (STOCK SPLIT) PADA PERUSAHAAN YANG TERDAFTAR DI BURSA EFEK INDONESIA PERIODE 2021-2023
No full textABSTRAK
Muhammad Syauqi Yunilhamri (2023): Reaksi Pasar Sebelum dan Sesudah Pengumuman Kebijakan Pemecahan Saham (Stock Split) pada Perusahaan yang Terdaftar di Bursa Efek Indonesia Periode 2021-2023
Stock split atau pemecahan saham adalah suatu tindakan memecah nilai nominal dari sebuah saham menjadi jumlah pecahan yang lebih kecil dan menambah jumlah lembar saham yang beredar di pasar sesuai dengan rasio stock split. Sehingga penelitian ini ingin melihat reaksi pasar yang diukur dengan menggunakan abnormal return dan trading volume activity sebelum dan sesudah stock split.
Tujuan dari penelitian ini adalah mengetahui perbedaan rata-rata abnormal return dan rata-rata trading volume activity sebelum dan sesudah kebijakan stock split yang pada perusahaan yang terdaftar di Bursa Efek indonesia serta mengetahui bagaimana kebijakan stock split dalam perspektif Ekonomi Syariah.
Penelitian ini dilakukan pada perusahaan yang melakukan aksi korporasi stock split pada periode 2021-2023 dan penelitian ini merupakan penelitian kuantitatif, sampel pada penelitian ini adalah 26 perusahaan yang melakukan aksi korporasi stock split. Data yang digunakan berupa data sekunder yaitu harga saham, jumlah saham yang beredar, jumlah saham yang diperdagangkan, dan indeks harga saham gabungan, sedangkan teknik analisis data yang digunakan adalah statistik deskriptif, uji normalitas, dan uji hipotesis wilcoxon signed rank test dengan menggunakan IBM SPSS 26.
Hasil penelitian ini adalah terdapat perbedaan antara rata-rata abnormal return sebelum dan sesudah peristiwa stock split pada periode T-5 dan T+5, T-4 dan T+4, T-3 dan T+3 dibuktikan dengan nilai signifikansi uji wilcoxon signed rank test yaitu 0.05. Adapun perbedaan rata-rata trading volume activity pada keseluruhan periode yaitu T-5 dan T+5, T-4 dan T+4, T-3 dan T+3, T-2 dan T+2, T-1 dan T+1 tidak terdapat perbedaan sebelum dan sesudah peristiwa stock split dibuktikan dengan nilai signifikansi uji wilcoxon signed rank test > 0.05. Pada kebijakan stock split prinsip yang digunakan berkaitan dengan pengambilan keputusan di dalam islam yaitu prinsip bermusyawarah dan prinsip keadilan.
Kata Kunci: Reaksi Pasar, Stock Split, Abnormal Return, Trading Volume Activit
Islamic Economics and Wealth Distribution: Alternative Strategies for Addressing Global Issues
No full textWealth distribution in Islamic economics is an important pillar in creating sustainable social justice and welfare. This study aims to describe the concept of distribution in the perspective of Islamic economics, identify the sharia principles that underlie it, and explain the mechanisms of wealth distribution through instruments such as zakat, infaq, sadaqah, and waqf. The research method employed is qualitative descriptive using literature review techniques, with primary data sourced from the Quran and Hadith, and secondary data from academic literature and previous studies. The findings reveal that the Islamic distribution system balances individual property rights with social responsibility, prevents the accumulation of wealth among certain groups, and ensures equitable access to economic resources. Islamic distribution instruments have proven relevant in addressing global economic inequality, both through classical application during the time of the Prophet Muhammad SAW and the Khulafaur Rasyidin, as well as contemporary adaptation in the digital age. With a combination of spiritual and moral values and practical mechanisms, wealth distribution in Islam offers a fair, sustainable, and inclusive alternative strategy in facing global issues
Islamic Economics and Wealth Distribution: Alternative Strategies for Addressing Global Issues
No full textWealth distribution in Islamic economics is an important pillar in creating sustainable social justice and welfare. This study aims to describe the concept of distribution in the perspective of Islamic economics, identify the sharia principles that underlie it, and explain the mechanisms of wealth distribution through instruments such as zakat, infaq, sadaqah, and waqf. The research method employed is qualitative descriptive using literature review techniques, with primary data sourced from the Quran and Hadith, and secondary data from academic literature and previous studies. The findings reveal that the Islamic distribution system balances individual property rights with social responsibility, prevents the accumulation of wealth among certain groups, and ensures equitable access to economic resources. Islamic distribution instruments have proven relevant in addressing global economic inequality, both through classical application during the time of the Prophet Muhammad SAW and the Khulafaur Rasyidin, as well as contemporary adaptation in the digital age. With a combination of spiritual and moral values and practical mechanisms, wealth distribution in Islam offers a fair, sustainable, and inclusive alternative strategy in facing global issues
Bahasa Inggris
No full textThis study analyzes market reactions to stock split announcements for sharia-compliant stocks on the Indonesia Stock Exchange (IDX) for the 2025 period. Event-based corporate action studies on the Indonesian sharia-compliant stock segment are still limited, creating a research gap regarding the effectiveness of nominal signals in boosting trading liquidity, particularly when measured using Trading Volume Activity (TVA). The study employed an event study approach with a 10-day event window and a Paired Sample T-Test on paired data (pre–post event) to detect changes in average TVA. The sample consisted of five sharia-compliant issuers (n=5). The results showed an increase in average TVA from 0.00219 to 0.00311, but was not statistically significant (p=0.376>0.05; t=–0.996; 95% CI: –0.00349 to 0.00165). These findings confirm that the sharia-compliant stock market does not react strongly to short-term volume-based nominal stock split signals, challenging the general assumption of signaling theory in the sharia context. This novel research provides the latest empirical evidence that Islamic investors, including institutional investors, are more fundamentally oriented. Policy implications emphasize the need to strengthen literacy and disclosure standards by the Financial Services Authority (OJK) and IDX Syariah, as well as issuers' communication strategies for corporate actions.Penelitian ini bertujuan untuk menganalisis perbedaan Trading Volume Activity (TVA) sebelum dan sesudah stock split pada saham-saham syariah di Bursa Efek Indonesia tahun 2025 serta meninjau kesesuaiannya dengan prinsip ekonomi syariah. Penelitian menggunakan metode kuantitatif dengan pendekatan event study dan periode jendela 10 hari. Data diperoleh melalui dokumentasi resmi BEI dan dianalisis menggunakan uji normalitas Shapiro–Wilk dan uji Paired Sample T-Test. Hasil penelitian menunjukkan peningkatan TVA secara deskriptif setelah stock split, namun tidak signifikan secara statistik dengan nilai signifikansi 0.376. Dari perspektif ekonomi syariah, stock split diperbolehkan karena tidak mengubah nilai intrinsik perusahaan, dilakukan melalui musyawarah, serta bebas dari unsur riba, gharar, dan maysir. Dengan demikian, stock split dinilai sesuai syariah namun tidak memberikan dampak signifikan terhadap aktivitas perdagangan dalam jangka pende
البنية الشخصية في رواية "أم سعد" لغسان كنفاني
No full textThe study discusses the forms of personal character structure in the novel "Umm Saad" by Ghassan Kanafani, due to the behavior of colors and the specifications of their internal elements. The approach in it is a descriptive and analytical approach, namely describing the novel and analyzing it with the inclusion of Sigmund Freud's literary psychology. The results obtained by the author are id quotes one, ego quotes four, and superego quotes one and that is the actual psychological reality, because the id is the inner world or human subjectivity, and there is no direct contact with the objective world. And the inner aspect contains things that are born from birth. Ego is the aspect of personality that is responsible for dealing with reality. As for id, it is a single quote because it is the inner world or human subjectivity, and has no direct relationship with the purpose of the world. The inner aspect contains biological elements of instinct and is also a "warehouse" of psychic energy that drives the ego and superego. And the ego is an empathetic quote to see that Umm Saad's ego position can overcome the nature of her identity. Superego quote one is actually very worried and wants to bring the kids home but he realizes that the kids are fighting for their countr
Isyari aspect of Surah al-Kahfi in Abdulqadir Gilani's tafsir named al-Favatihu'l-Ilahiyya
No full textYüksek Lisans Tezi.YÖK Tez No:376659Bizim araştırmamız Abdülkadir Geylâni'ye (v. 561/1166) nispet edilen el-Fevâtihu'l-İlahiyye ve'l-Mefâtihu'l-Gaybiyye isimli tefsirin Kehf Sûresinin İşâri yönünü içermektedir. 2009 yılında İstanbul'da Geylânî İlim Araştırma Merkezi tarafından yayına hazırlanan bu tefsirin kime ait olduğu hala tartışmalıdır. Burada önemli olan kime ait olduğundan daha çok içeriği ve izlediği metottur. Zira ortada bir gerçek var ki o da tasavvufi tefsirler dizisini oluşturan kıymetli eserlerden birinin bilim dünyasına kazandırılmış olmasıdır. Çalıştığımız Geylânî tefsiri içinde zayıf yorumlarla beraber güzel yorumlar da bulabilir, Geylânî tefsiri Kehf sûresinde hikmet alınabilecek hususların gündeme getirilmesi ve bunlara önem verilmesi faydalı bir faaliyet olacağını düşünüyoruz. Çünkü bugünkü hayat bâtınî hastalıklar ile doludur. O yüzden manevi ilaçlara ihtiyaç vardır. Bu anlamda Geylânî tefsiri manevî ilaçlardan biridir.This thesis elucidates figurative aspects (ana?ir ishariyya) of the Cave (al-Kahfi) verse in the al-Fawati? al-Ilahiyya wa al-Mafati? al-Ghaybiyya, an exegetical work attributed to the Sufi master ?Abd al-Qadir al-Jilani (d. 561/1166). From 2009 when the book was initially published in Istanbul by the Jilani Center for Knowledge and Research, there have been continuous debates about who was the correct author. By ignoring the authorship of the book which should be corroborated by comparing other manuscripts in other libraries around the world, this thesis aims only to elaborate the essential contents written in the corpus of this exegesis. It is undoubtedly indispensable that Fawati? al-Ilahiyya enriches the state of Sufi exegeses in the Islamic literary traditions in the classical period. According to my finding, although weak arguments can be traced in the Jilani tafsir, but there are also solid arguments explaining about the spiritual healing for those who have mental illness. This priceless teaching is of critical importance for being interpreted in our times. By focusing on this reason, it is suggested that certain parts of the Jilani tafsir can be understood as incomparable treatise to deliver humankind from their spiritual errors
Various Methodologies of Hadith Research (Sanad Research, Matan, Study of Figures and Living Hadith)
No full textResearch has three basic objectives, namely discovery, proof, and development. The purpose of discovery means discovering a theory or new understandings of hadith, the purpose of proof means research that focuses on eliminating doubts that exist in a hadith, and the purpose of development means the expansion of a figure's theory about hadith. Through this article, the author will discuss a variety of hadith research methodologies, this paper uses a qualitative research writing method with a literature approach, The author discusses four famous hadith research methodologies, namely sanad hadith research, matan hadith research, figure study research and living hadith research. The sanad research is the genealogy of the narrators who transform the matan from the main source. Matan research is in the form of maintenance, definition, interpretation and maintenance of the values that exist in the redaction of hadith. Character study research describes how a certain figure thinks about the hadith, whether it is a view that comes from Muslim intellectuals or orientalists. While living hadith research means research on the interaction, understanding and practices of people in certain areas towards hadith
Internalization Of At-Ta\u27lim, At-Tarbiyah, At-Ta\u27dib Values In Forming Students\u27 Morals
No full textLack of knowledge regarding students\u27 morals towards teachers as teachers or as second parents in the school. The word "ta\u27lim" itself originates from the Arabic word and is an expression used to express education in ways including: \u27Alamah, yu\u27allimu, and ta\u27lim". Ta\u27lim is defined as teaching, and yu\u27allimu is defined as teaching. Tarbiyah means "grow, increase, and height" in linguistics. In contrast, tarbiyah in sharia refers to charitable giving carried out through various channels and techniques that do not conflict with Islamic law. Ta\u27dib can be interpreted as how to educate or the process of educating, forming a person\u27s morals and behavior according to the teachings of Islamic values correctly and well. In the learning context, teachers are expected to be able to integrate these two concepts by providing good examples, guiding students in a loving way, and helping them become individuals who have good manners and in-depth knowledge. In this study, the author adopted a library research methodology because there are several consistent problems. a library research methodology because there are several consistent problems. Because there are at least several reasons underlying the author\u27s use of the library research method. Firstly, the data source cannot be obtained from the field. Data sources in general can only be obtained through research or other written materials in the form of books, journals or other literature. The second is research or other written material in the form of books, journals or other literature. necessary as one of the few ways to understand a recent and difficult to understand phenomenon. Furthermore, using this study, the previously mentioned phenomena will be understood. Addressing emerging situations, the writer may formulate concepts to explain the emerging situation. Therefore, in responding to a situation that arises, the author can formulate a concept to explain the situation that arises. The third reason is that library data remains reliable for understanding researchers\u27 problems. However, information or empirical data that has been collected by other people in the form of books, articles, or even research results can still be used, which can still be used by library researchers. Even in certain cases, field data is still not significant enough to answer the research questions to be carried out
PARADIGMA KARAKTERISTIK EKONOMI SYARIAH
No full textEkonomi Syariah merupakan sistem ekonomi yang berlandaskan pada prinsip-prinsip ajaran Islam, dengan tujuan utama mencapai keadilan sosial, kesejahteraan, dan moralitas dalam setiap aktivitas ekonomi. Berbeda dari ekonomi konvensional, ekonomi Syariah menolak praktik riba, gharar, dan maisir, serta mendorong distribusi kekayaan yang adil melalui zakat, infak, dan sedekah. Ekonomi Syariah juga menekankan pentingnya keberkahan, transparansi, dan etika dalam setiap transaksi ekonomi. Secara ontologis, ekonomi Syariah bersumber dari Al-Qur'an dan Hadis, yang menjelaskan bahwa kekayaan alam cukup untuk memenuhi kebutuhan manusia, dengan konsumsi dan produksi yang diatur secara proporsional untuk kemaslahatan bersama. Dari sisi epistemologi, ilmu ekonomi Syariah bersandar pada wahyu Ilahi dan akal sebagai metode untuk memperoleh pengetahuan yang sahih, sedangkan aksiologinya menekankan tujuan akhir berupa kemaslahatan (maslahah) bagi umat manusia. Pendekatan ekonomi ini tidak hanya bertujuan untuk mencapai kesejahteraan di dunia, tetapi juga di akhirat, dengan menjaga keharmonisan alam dan mencegah segala bentuk eksploitasi yang merugikan. Penelitian ini memberikan tinjauan komprehensif mengenai teori, ontologi, epistemologi, dan aksiologi ekonomi Syariah dalam konteks pembangunan sistem ekonomi yang lebih adil, etis, dan berkelanjutan
