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The Impact of Islamic Economics and Finance Courses on Islamic Financial Literacy Mohamad Fany Alfarisi; A. Agestayani; Silvi Delfiani
IQTISHADIA Vol 13, No 2 (2020): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v13i2.7757

The present study seeks to investigate the impact of Islamic economics courses on Islamic financial literacy of university students. Additionally, it intends to compare Islamic financial literacy of those who have taken Islamic economics and finance courses and those who have not. With respect to the approach, the current study employed a quantitative approach to explain the linkage between the two variables. The population of the present study was all currently enrolled students of public universities in Padang particularly those from the faculty of economics and business. A self-administered questionnaire had been used to collect primary data. From the total distributed questionnaire, 300 of them were completed and included in the sample. As a result the respond rate is 71.3%. The results show 145 respondents are in the category of having poor Islamic financial knowledge, while 155 respondents are in the category of moderate From 145 respondents with poor Islamic financial knowledge 79 respondents (66%) have (not) taken (any) Islamic economics and finance courses. From 155 respondents with moderate financial knowledge 114 respondents (41%) have not taken any Islamic economics and finance courses. The findings of the present study suggest that most respondents can be categorized as having moderate knowledge and attending formal Islamic economics and finance courses can positively contribute to have a greater level of Islamic financial literacy.

COMPETITION AND PROFITABILITY: IMPACT ON STABILITY IN INDONESIAN BANKING Ivo Nila Krisna; Rida Rahim; Mohamad Fany Alfarisi
JBTI : Jurnal Bisnis : Teori dan Implementasi Vol 13, No 1 (2022): APRIL
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jbti.v13i1.14309

Currently the banking industry has undergone major changes in recent years due to regulatory deregulation. Seeing this, in implementing it, banks must be managed more carefully, one of which is by maintaining it. Banking instability occurs because banks face too many risks. The purpose of this study is to examine how the influence of competition and profitability on banks in the Indonesian banking industry. The population used is commercial banks listed on the Indonesia Stock Exchange in 2015-2019. A series of indicators from internal and external banks are also used in this study to support the research results, which consist of bank size, concentration, inflation, and GDP. That is, banking is measured using three risks, credit risk with NPL proxy, liquidity risk with LDR proxy, and insolvency risk with Z-score proxy. Using panel data analysis, the following results were found in the 2015-2019 research period, competition had a positive and insignificant effect on credit risk, competition had a negative and insignificant effect on liquidity risk and insolvency risk. Profitability has a negative and significant effect on credit risk and insolvency risk, and profitability has a positive and insignificant effect on liquidity risk.

THE IMPACT OF OWNERSHIP STRUCTURE AND CAPITAL STRUCTURE ON FIRM’S VALUE Silvi Delfiani; Mohamad Fany Alfarisi
Ekasakti Jurnal Penelitian dan Pengabdian Vol. 2 No. 1 (2021): (EJPP) Ekasakti Jurnal Penelitian & Pegabdian (November 2021 - April 2022)
Publisher : LPPM Universitas Ekasakti

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31933/ejpp.v2i1.410

The objective of the present study is to investigate the impact of insider ownership, institutional ownership and capital structure on firm’s value. The population of this study is all manufacturing companies which are listed in Indonesia Stock Exchange (IDX) in the period of 2011-2016. We use panel data regression with 174 observations. For hypothesis testing, the present study employs the t-test with ? 10% level of significance. The results suggest that institutional ownership and firm size have significant impact on firm’s value

Determinants of Dividend Policy of Listed Commercial Banks in Indonesia Gina Aulia; Mohamad Fany Alfarisi
AMAR (Andalas Management Review) Vol 3 No 2 (2019)
Publisher : Management Institute Faculty of Economics Universitas Andalas

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25077/amar.3.2.76-89.2019

This study aims to identify the determinants of dividend payout policy of publicly listed banks in Indonesia. The data were collected from annual reports and databases related to the research sample. The present study employs the dynamic panel data model using the Generalized Methode of Moment (GMM) approach. The results without control variables suggest that lagged dividend payout, profitability, and firm size positively impact dividend payout. Meanwhile, using control variables, the present study finds only liquidity that significantly impacts the dividend payout.

The Impact of Islamic Economics and Finance Courses on Islamic Financial Literacy Mohamad Fany Alfarisi; A. Agestayani; Silvi Delfiani
IQTISHADIA Vol 13, No 2 (2020): IQTISHADIA
Publisher : Ekonomi Syariah IAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v13i2.7757

The present study seeks to investigate the impact of Islamic economics courses on Islamic financial literacy of university students. Additionally, it intends to compare Islamic financial literacy of those who have taken Islamic economics and finance courses and those who have not. With respect to the approach, the current study employed a quantitative approach to explain the linkage between the two variables. The population of the present study was all currently enrolled students of public universities in Padang particularly those from the faculty of economics and business. A self-administered questionnaire had been used to collect primary data. From the total distributed questionnaire, 300 of them were completed and included in the sample. As a result the respond rate is 71.3%. The results show 145 respondents are in the category of having poor Islamic financial knowledge, while 155 respondents are in the category of moderate From 145 respondents with poor Islamic financial knowledge 79 respondents (66%) have (not) taken (any) Islamic economics and finance courses. From 155 respondents with moderate financial knowledge 114 respondents (41%) have not taken any Islamic economics and finance courses. The findings of the present study suggest that most respondents can be categorized as having moderate knowledge and attending formal Islamic economics and finance courses can positively contribute to have a greater level of Islamic financial literacy.

Faktor Penentu Donor untuk Berwakaf: Sebuah Eksplorasi Wakaf dalam Literatur Gustina; Vera Pujani; Yulia Hendri Yeni; Mohamad Fany Alfarisy
AL-MUZARA'AH Vol. 9 No. 2 (2021): AL-MUZARA'AH (December 2021)
Publisher : Department of Islamic Economics, IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29244/jam.9.2.197-213

The purpose of this study was to determine the factors that influence donors in giving waqf. In addition, it also gives consideration to decision makers related to waqf in Indonesia. The method in this study is a qualitative research with a description of previous research, through secondary data obtained from scientific journals, websites, books, and other electronic media sources related to the study discussed. The journals reviewed are journals published from 2012-2021. The theories discussed in this study are TRA and TPB. The findings of this study indicate that the factors of religiosity, attitude, subject norm, and convenience have a significant positive effect on the amount of waqf issued by donors or waqif (waqf givers). Through this study, it is hoped that this will become a consideration, especially for writers, as well as readers, and recommendations for waqf institutions to increase the convenience of the waqf system. In addition, the government (as a policy maker) should support waqf givers to continue to participate in this waqf practice for the good and welfare of the ummah.

Measuring efficiency of Islamic banks: Evidence from Indonesia Mohamad Fany Alfarisi; Syukri Lukman
Jurnal Ekonomi & Keuangan Islam Volume 5 No. 1, January 2019
Publisher : Faculty of Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jeki.vol5.iss1.art1

The present study investigates the efficiency of Islamic banks in Indonesia particularly for the period of 2014-2015. To meet that objective, the data envelopment analysis (DEA) particularly input-oriented, variable return to scale (VRS) has been employed. Additionally, twelve full-fledge Islamic commercial banks are included as the sample of the study. Having analysed using the DEA model, we find the average technical efficiency score of Islamic banks in 2014 is 0.843. In this regard, the inefficiency of Islamic banks is attributed equally to pure technical efficiency and scale efficiency. Moreover, the average technical efficiency score of Islamic banks for the year of 2015 is 0.832 which is lower than the previous year. The inefficiency of Islamic banks in 2015 is mainly contributed by the scale inefficiency. Moreover, the results reveal a declining productivity of Islamic banks during the period of study.

The Effect of Oil Prices, Gold and Exchanges on JCI During the Covid-19 Sri Wahyuni Lubis; Mohamad Fany Alfarisi; Fajri Adrianto
Enrichment : Journal of Management Vol. 12 No. 1 (2021): November: Management Science
Publisher : Institute of Computer Science (IOCS)

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (872.875 KB)

This study aims to determine the effect of changes in crude oil prices, gold prices, and exchange rates on the volatility of the Composite Stock Price Index (JCI) during the Covid-19 pandemic. Using quantitative methods with descriptive research typeswith composite stock price index (CSPI) data, crude oil price data (WTI), gold price data (London Gold) and data on the Rupiah exchange rate against the Dollar during the Covid-19 pandemic starting from 02 March 2020 to 25 March 2021 taken from Datastream at Eikon Faculty of Economics, Andalas University, Padang and obtained 275 samples. The results of the study using the Arch/Garch method found that there was no significant effect between the price of Crude Oil on the JCI, while for the price of Gold there was a significant positive effect on the JCI and for the exchange rate there was no significant effect on the JCI. The results of the ARIMA forecasting method until March 25, 2022 found that the JCI tends to increase, as seen from the second quarter of 2021 (beginning of forecasting) to the first quarter of 2022, the JCI continues to move up. Crude Oil Prices have decreased until the first quarter of March 2022, Gold prices tend to be stable with not too many significant changes. Meanwhile, the Rupiah Exchange Rate against the US Dollar experienced an appreciation, moving up until the end of the forecast in the first quarter of 2022.

Analisis Sentimen Investor terhadap kinerja saham syariah di Indonesia selama masa pandemi Covid-19 Rizki Fadhel; Fajri Adrianto; Mohamad Fany Alfarisi
Owner : Riset dan Jurnal Akuntansi Vol. 6 No. 4 (2022): Artikel Volume 6 Issue 4 Periode Oktober 2022
Publisher : Politeknik Ganesha Medan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33395/owner.v6i4.1183

The COVID-19 pandemic has become a concern regarding the severity of the pandemic and has an important role in investment decisions. Investment decisions are influenced by news (noise trader) circulating in the capital market. In this study, we analyze investor sentiment on the performance of Islamic stocks in Indonesia during the 2020-2022 Covid-19 pandemic. The independent variables in this study used Google Trend as a search for the number of words 'covid' and 'crisis, trading volume, and the Consumer Confidence Index. Meanwhile, stock returns are used as the dependent variable. The sampling technique was carried out by purposive sampling to obtain 20 companies that were used as research samples. The analytical technique used in this study is panel data regression, where the results obtained are sentiment based on google trends with the word 'covid' having a significant and positive effect, trading volume and CCI also have a significant effect on stock returns. However, the word 'crisis' has no significant effect on stock returns.

Analysis of Sharia Stock Performance with Conventional Stocks Before and During the Covid-19 Pandemic on the Indonesia Stock Exchange Ria Amelia; Mohamad Fany Alfarisi; Rida Rahim
Enrichment : Journal of Management Vol. 12 No. 4 (2022): October: Management Science and Field
Publisher : Institute of Computer Science (IOCS)

Penelitian ini bertujuan untuk menganalisis kinerja saham syariah dan saham konvensional sebelum pandemi Covid-19 dan selama pandemi Covid-19 di Bursa Efek Indonesia. Sampel yang digunakan adalah saham-saham yang terdaftar di Jakarta Islamic Index (JII) sebagai representasi untuk saham syariah dan saham yang terdaftar di Indeks IDX30 sebagai representasi untuk saham konvensional dengan menggunakan teknik purposive sampling. Data yang digunakan adalah harga penutupan bulanan periode Januari 2018 sampai dengan Desember 2021. Penelitian ini menggunakan Risk Adjusted Performance dari Sharpe ratio, Treynor ratio dan Jensen alpha ratio untuk melihat kinerja saham dan menggunakan Independent sample t test atau Mann u Uji Whitney untuk melihat apakah ada perbedaan yang signifikan antara saham syariah dan saham konvensional.

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