Article Per Year (5 Year)
p-Index From 2019 - 2024
0.408
P-Index
This Author published in this journals
All Journal Shirkah: Journal of Economics and Business
Aam S. Rusydiana
Sharia Economic Applied Research and Training (SMART) Indonesia
Economics, Econometrics & Finance

Published : 3 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 3 Documents
Search

 1 
Macroeconomic Variables on Indonesian Sharia Capital Market Taufik Nugroho; Aam S. Rusydiana
Shirkah: Journal of Economics and Business Vol 3, No 2 (2018)
Publisher : IAIN Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (471.465 KB) | DOI: 10.22515/shirkah.v3i2.198

Abstract

This article emphasizes to analyze the effect of macroeconomic variables on sharia capital market in Indonesia by using Vector Error Correlation Model (VECM) approach method. The variables used are world oil price, Industry Production Index (IPI) Currency Exchange Rate to Dollar and Consumer Price Index (CPI) in Indonesia. The research show that in the Indonesian Stock Sharia Index (ISSI) model, the VECM in the ISSI model can explain in the short term the IPI variable, world oil price, rupiah to dollar, DJIA and CPI does not affect to ISSI variable. While in the long term, world oil prices are positive climate and Dow Jones Industrial Average (DJIA) variables negatively affect ISSI. In addition, FEVD test the world oil price has more dominant contribution than other variable 6.02%. Keywords: sharia capital market, macroeconomics, VECM, ISSI
Efficiency versus Maqashid Sharia Index: an Application on Indonesian Islamic Bank Aam S. Rusydiana; Irman Firmansyah
Shirkah: Journal of Economics and Business Vol 2, No 2 (2017)
Publisher : IAIN Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (325.284 KB) | DOI: 10.22515/shirkah.v2i2.154

Abstract

The Development of Islamic Banking Industry in Indonesia relatively shows a good tendency. In the market, inefficiency would be the great obstacles in head to head to conventional bank. Despite of efficiency performance in Islamic Bank, Islamic Bank also must have sharia compliance performance. So it needed to identified the efficiency of Islamic Bank in Indonesia and the achievement of Maslahah in term of three aspects, there are education, the creating of justice, and the attainment of welfare. This study would try to measure the efficiency of Islamic Banking Industry with Data Envelopment Analysis (DEA) method and also to evaluate the performance by using Maqasid Sharia Index (MSI). Banxia Frontier Analyst 3.1 used in the data calculation. The calculation of the level of Islamic Bank efficiency in this study are relative, not absolute. Result of this study indicate four main findings, first, Islamic bank involve in quadran 1 is Islamic bank who reached the highest efficiency and the best performance; there are BMI and Bank Panin Sharia. Islamic bank involve in quadran 2 is Islamic bank who reached the highest efficiency and the lowest performance, there are BSM, Maybank Sharia, and Bank Sharia Bukopin. Islamic bank involve in quadran 3 is Islamic bank who reached the lowest efficiency and have a good performance, there are BRI sharia, and BCA sharia. Islamic bank involve in quadran 4 is Islamic bank who reached the lowest efficiency and the lowest performance, there are Bank Mega Sharia, Victoria Sharia, BNI Sharia, and BJB Sharia.Keywords: Maqasid Index, Efficiency, DEA, Efficiency-Maqasid Quadrant (EMQ) 
Malmquist Productivity Index on Islamic Economics and Finance Research Aam S. Rusydiana; Lina Marlina; Lina Nugraha Rani
Shirkah: Journal of Economics and Business Vol 4, No 1 (2019)
Publisher : IAIN Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (906.219 KB) | DOI: 10.22515/shirkah.v4i1.261

Abstract

This study proposes to review the implementation of Malmquist Productivity Index (MPI) in such research publications on the theme of Islamic economics and finance. It employs descriptive statistical analysis based on selected 102 article publications. The entire sample publications have published from 2006 to 2019. The results show that research using the MPI method has still been dominated by Islamic banks issues (73%) followed by Islamic insurance or takaful issue (12%), then zakat (8%), and Islamic microfinance issue (4%). The rest are issues about halal industry, waqf and Islamic REIT. Malaysia, Indonesia and Pakistan are the 3 countries with the most study areas compared to other countries. In addition, many MPI applications are implemented along with the use of DEA methods for measuring efficiency. The most approach used in 102 studies is the production and intermediation approach. Keywords: Malmquist Index, productivity, Islamic Economics, finance
Co-Authors Irman Firmansyah Lina Marlina Rani, Lina Nugraha Taufik Nugroho