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Intemporal Capital Assets Pricing Model Sebagai Prediktor Return Portofolio Saham Amaroh, Siti
Jurnal Ilmiah Aset Vol 11 No 2 (2009): Jurnal ASET Volume 11 No 2
Publisher : STIE Widya Manggala

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Abstract

This study has purpose to examine Capital Assets Pricing Model (CAPM) and Fama-French Model for firms listed on Indonesia Stock Exchange for the period 1992-2000 both in up market and down market using all nonfinancial and banking firms. The result shows that portfolio returns are affected by market factor, excess return on portfolio constructed by size (Small Minus Big, SMB), and excess return on portfolio constructed by book-to-market ratio (High Minus Low, HML). Market factor positively affects portfolio return in all monthly test and in down market, but not significant in up market. Return differences of portfolio constructed by size is also positively affects on small stock portfolio return for all monthly tests and down market. Return differences of portfolio constructed by book-to-market ratio is positively affects on portfolio return for all monthly test both in up and down market.
Intemporal Capital Assets Pricing Model Sebagai Prediktor Return Portofolio Saham Amaroh, Siti
Jurnal Ilmu Ekonomi ASET Vol 11, No 2 (2009)
Publisher : Jurnal Ilmu Ekonomi ASET

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (82.357 KB)

Abstract

This study has purpose to examine Capital Assets Pricing Model (CAPM) andFama-French Model for firms listed on Indonesia Stock Exchange for the period 1992-2000both in up market and down market using all nonfinancial and banking firms. The resultshows that portfolio returns are affected by market factor, excess return on portfolio constructedby size (Small Minus Big, SMB), and excess return on portfolio constructed by book-to-marketratio (High Minus Low, HML). Market factor positively affects portfolio return in all monthlytest and in down market, but not significant in up market. Return differences of portfolioconstructed by size is also positively affects on small stock portfolio return for all monthlytests and down market. Return differences of portfolio constructed by book-to-market ratio ispositively affects on portfolio return for all monthly test both in up and down market.Keywords : Capital Assets Pricing Model, Small Minus Big, High Minus Low.
Filantropi Islam di Indonesia : Potensi dan Kendala Amaroh, Siti
ADDIN Vol 2, No 1 (2010)
Publisher : ADDIN

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Abstract

Filantropi merupakan perwujudan solidaritas antar manusia dalam membantu sesamanya sehingga menjadi berdaya. Istilah ini umumnya diberikan bagi orang-orang yang memberikan banyak dana untuk amal terutama bagi kaum miskin. Islam mendudukkan filantropi sebagai bentuk amal saleh yang memiliki dampak yang luas bagi terciptanya keadilan, kesejahteraan, dan kebebasan. Dalam konteks makro ekonomi, akumulasi potensi sosial dapat menyeimbangkan sisi permintaan masyarakat. Potensi ini pada titik tertentu dapat menurunkan average propensity to consume kelompok miskin. Kata Kunci: Filantropi Islam, Zakat, Infaq, Shadaqah, Wakaf
Peran Konseling dan Perencanaan Keuangan Islam dalam Membangun Keluarga Hayatan Thayyibah Amaroh, Siti
KONSELING RELIGI Vol 9, No 1 (2018): June 2018
Publisher : Sekolah Tinggi Agama Islam Negeri (STAIN) Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/kr.v9i1.3245

Abstract

Artikel ini bertujuan untuk menjelaskan peran konseling dan perencanaan keuangan Islam dalammembangun keluarga hayatan thayyibah. Masalah keuangan seringkali menjadi penyebab disharmoni dalam keluarga. Perhatian terhadap keuangan biasanya timbul ketika sesorang tidak sanggup mengatasi kebutuhan keuangannya atau status keuangannya sedang bermasalah. Konseling dan perencanaan keuangan merupakan proses untuk mengantisipasi terjadinya masalah keuangan melalui serangkaian proses perencanaan, pencapaian, dan pengkajian tujuan hidup dalam kerangka manajemen keuangan yang memadai. Tugas para konselor keuangan adalah untuk membantu para klien dalam menyelesaikan masalah keuangan melalui beberapa tahap seperti penilaian, pra-kontemplasi, kontemplasi, persiapan, tindakan, dan pemeliharaan. Dalam perspektif konseling dan perencanaan keuangan Islam, pendapatan harus dialokasikan untuk mencapai keseimbangan materialitas dan spiritualitas, kehidupan dunia dan akhirat. Pengeluaran kehidupan sosial dan keagamaan perlu dipenuhi untuk mencapai kehidupan yang baik (hayatan thayyibah)
PRINSIP KEADILAN SOSIAL DAN ALTRUISME DALAM PENERAPAN SISTEM PERBANKAN SYARIAH Amaroh, Siti
Economica: Jurnal Ekonomi Islam Vol 5, No 2 (2014)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2014.5.2.771

Abstract

Artikel ini bertujuan untuk mengkaji tentang keadilan sosial dan altruisme dalam implementasi sistem perbankan syariah. Bank syariah menempatkan perannya dalam memobilisasi dana dan menyalurkannya kepada masyarakat dalam beragam bentuk produk berdasarkan prinsip-prinsip syariah. Pencapaian ekonomi dan sosial merupakan tujuan pokok didirikannya bank syariah. Keadilan sosial tercapai bilamana pendapatan masyarakat dapat memenuhi kebutuhannya dan setiap anggota masyarakat mendapatkan kesempatan yang sama dalam meningkatkan taraf hidupnya. Sedangkan altruisme merupakan bentuk kebaikan hati dalam memberikan bantuan pada pihak lain tanpa meminta imbalan. Implementasi keadilan sosial dan altruisme dalam perbankan syariah diwujudkan dalam fungsi zakat dan qardhul hasan.
Peran Konseling dan Perencanaan Keuangan Islam dalam Membangun Keluarga Hayatan Thayyibah Amaroh, Siti
KONSELING RELIGI Vol 9, No 1 (2018): KONSELING RELIGI Jurnal Bimbingan Konseling Islam (Article in Press)
Publisher : Sekolah Tinggi Agama Islam Negeri (STAIN) Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/kr.v9i1.3515

Abstract

Artikel ini bertujuan untuk menjelaskan peran konseling dan perencanaan keuangan Islam dalammembangun keluarga hayatan thayyibah. Masalah keuangan seringkali menjadi penyebab disharmoni dalam keluarga. Perhatian terhadap keuangan biasanya timbul ketika sesorang tidak sanggup mengatasi kebutuhan keuangannya atau status keuangannya sedang bermasalah. Konseling dan perencanaan keuangan merupakan proses untuk mengatisipasi terjadinya masalah keuangan melalui serangkaian proses perencanaan, pencapaian, dan pengkajian tujuan hidup dalam kerangka manajemen keuangan yang memadai. Tugas para konselor keuangan adalah untuk membantu para klien dalam menyelesaikan masalah keuangan melalui beberapa tahap seperti penilaian, pra-kontemplasi, kontemplasi, persiapan, tindakan, dan pemeliharaan. Dalam perspektif konseling dan perencanaan keuangan Islam, pendapatan harus dialokasikan untuk mencapai keseimbangan materialitas dan spiritualitas, kehidupan dunia dan akhirat. Pengeluaran kehidupan sosial dan keagamaan perlu dipenuhi untuk mencapai kehidupan yang baik (hayatan thayyibah)
The Determinants of Maqasid Shariah Based Performance of Islamic Banks in Indonesia Amaroh, Siti; Masturin, Masturin
IQTISHADIA Vol 11, No 2 (2018): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v11i2.3961

Abstract

This study aims to examine the determinants of maqasid shariah based performance of Islamic banks in Indonesia. The data was extracted from the published annual audited reports of Islamic banks in Indonesia during the period 2014-2017. This research used correlation and multiple linear regression analysis to examine the proposed hypotheses. Maqasid shariah based performance was proxied by maqasid index. The proposed factors as determinants of maqasid shariah based performance are profit loss sharing financing, cost efficiency, and risk taking behavior. The results of this research revealed that profit sharing financing positively influences maqasid shariah based performance, but risk taking behavior has a negative impact. Cost efficiency does not influence maqasid shariah based performance. The implication of this finding is that Islamic banks should have commitment to realize maqasid shariah through increasing their profit loss sharing financing in the mudharabah and musharakah modes
Manajemen Modal Sosial Lembaga Keuangan Mikro Syariah dalam Mewujudkan Kemaslahatan Umat: Studi Pada Baitul Maal Wat Tamwil di Kudus Masturin, Masturin; Amaroh, Siti
EQUILIBRIUM Vol 7, No 1 (2019): EQUILIBRIUM
Publisher : Prodi Ekonomi Syariah Pascasarjana IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/equilibrium.v7i1.5171

Abstract

Baitul Maal Wat Tamwil has been growing as the financial institution from grassroot. This study will describe social capital management of Islamic microfinance to realize ummah maslahah. Data was obtained from five Baitul Maal Wat Tamwil in Kudus that are BMT Mitra Muamalat, BMT Harapan Umat, BMT Amanah, BMT Al Amin, and BMT Mahardika. Informants of this research are managers of each BMT. Social capital management is explained based on some aspects contains vision and mission, customer mapping, handling pattern of customer complaints, social activities, human resources training and development model, and education and socialization model. This research approach is qualitative with natural setting to capture essential problems from research object. However, the findings of this research are: (1) formulate vision and mission represent efforts to integrate organizational resources and social values to community welfare; (2) design of training and development programs for employee to increase human resources comprehension in managing products and contracts, and also principles of Islamic finance; (2) educate society to change conventional mindset into Islamic mindset particularly about justice principle and trustworthy; (3) conduct social responsibility through Baitul Maal with donation, scholarship for poor students, home repair, and other assistances; (4) stand with micro-small enterprises, small traders, traditional market traders, farmer, and factory workers; and (5) design risk management through fund reserve system.
PENILAIAN KINERJA SOSIAL BERBASIS MAQASID SYARIAH PADA BANK UMUM SYARIAH HASIL KONVERSI DI INDONESIA Amaroh, Siti
MALIA: Journal of Islamic Banking and Finance Vol 2, No 1 (2018)
Publisher : IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/malia.v2i1.4757

Abstract

This paper aims to evaluate the social performance based on maqasid shariah of Islamic banks from conversion mode in Indonesia during the period 20142017. The data was obtained from Islamic banks’ annual report that was validated by Bank Indonesia and Financial Services Authority. Maqasid shariah model in this study was developed by Abdul Majid Najjar with used 4 objectives and 8 dimensions and then referred by some researchers with some elements and measurements. This research is using 23 elements and derived into 19 ratios and 46 statements to determine scores of each objectives. The result showed several findings. Bank Panin Syariah achieved the highest scores of safeguarding human value (1st objective) during the period 2015-2017. Bank Central Asia Syariah reached the highest scores of safageuarding human self (2nd objective) during the period 2015-2017. Bank Mega Syariah Indonesia attained the highest scores of safeguarding for society (3rd objective) during the period 2014-2017. Bank Syariah Mandiri gained the highest score of safeguarding physical environment (4th objective) for the period 2014, 2016, and 2017. The highest total score for the overall objective is achieved by Bank Mega Syariah Indonesia during the period 2015-2017.
PENILAIAN KINERJA SOSIAL BERBASIS MAQASID SYARIAH PADA BANK UMUM SYARIAH HASIL KONVERSI DI INDONESIA Amaroh, Siti
MALIA: Journal of Islamic Banking and Finance Vol 2, No 1 (2018)
Publisher : MALIA: Journal of Islamic Banking and Finance

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (230.758 KB) | DOI: 10.21043/malia.v2i1.4757

Abstract

This paper aims to evaluate the social performance based on maqasid shariah of Islamic banks from conversion mode in Indonesia during the period 20142017. The data was obtained from Islamic banks’ annual report that was validated by Bank Indonesia and Financial Services Authority. Maqasid shariah model in this study was developed by Abdul Majid Najjar with used 4 objectives and 8 dimensions and then referred by some researchers with some elements and measurements. This research is using 23 elements and derived into 19 ratios and 46 statements to determine scores of each objectives. The result showed several findings. Bank Panin Syariah achieved the highest scores of safeguarding human value (1st objective) during the period 2015-2017. Bank Central Asia Syariah reached the highest scores of safageuarding human self (2nd objective) during the period 2015-2017. Bank Mega Syariah Indonesia attained the highest scores of safeguarding for society (3rd objective) during the period 2014-2017. Bank Syariah Mandiri gained the highest score of safeguarding physical environment (4th objective) for the period 2014, 2016, and 2017. The highest total score for the overall objective is achieved by Bank Mega Syariah Indonesia during the period 2015-2017.