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Journal : MUQTASID

Faktor-Faktor yang Mempengaruhi Kinerja Lembaga Keuangan Mikro Syari’ah dengan Menggunakan Metode Indonesia Zakat Development Report (IZDR) Zamzami, R. Mohd.; Zuhri, Saifudin
Muqtasid: Jurnal Ekonomi dan Perbankan Syariah Vol 6, No 2 (2015): MUQTASID: Jurnal Ekonomi dan Perbankan Syariah
Publisher : IAIN Salatiga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18326/muqtasid.v6i2.1-21

Abstract

This research aims to measure the performance of BMT Hudatama and UJKSAl-Hidayat as two Islamic Microfinance Institutions in Semarang, Central Java. Research method used in this study is performance measurement tools issued by Indonesia Magnificence of Zakat (IMZ) in Indonesia Zakat and Development Report (IZDR) in 2011. This method includes five measurement indicators; 1) Islamic compliance, legality, and institutional performances;2) Management performance; 3) Financial performance; 4) Economic efficiency; and 5) Social legitimacy performance. This study used primary and secondary data. Primary data were taken from interview and BMT Hudatama and Islamic Financial Service Unit of Al-Hidayaat’s annual report. Secondary data were obtained from review of related literature. The comparison between the two institutions indicates that BMT Hudatama is better than UJKS AL-Hidayat in terms of its performance. However, the comparison with U test or Mann whitney U Test indicates that there is no significant difference between the performace of the two institutionsPenelitian ini bertujuan untuk mengukur kinerja Lembaga Keuangan Mikro Syari’ah (LKMS) yaitu BMT Hudatama dan UJKS Al-Hidayaat di Kab/KotaSemarang Jawa Tengah. Metode yang digunakan adalah metode pengukurankinerja prima yang dikeluarkan oleh Indonesia Magnificence of Zakat (IMZ)dalam Indonesia Zakat and Development Report (IZDR) 2011 mencakuplima indikator pengukuran yaitu: 1) Kinerja kepatuhan syari’ah, legalitasdan kelembagaan, 2) Kinerja Manajemen, 3) Kinerja Keuangan, 4) KinerjaPendayagunaan Ekonomi, dan 5) Kinerja Legitimasi Sosial. Penelitian inimenggunakan data primer dan data sekunder. Data primer diperoleh dariwawancara dan laporan tahunan dari BMT Hudatama dan Unit Jasa KeuanganSyari’ah Al Hidayaat. Sedangkan data sekunder diperoleh dengan melakukanstudi literatur yang berkaitan dengan penelitian.Dalam perbandingan kinerjaprima BMT Hudatama lebih baik dari UJKS Al-Hidayaat. Namun dalamperbandingan dengan menggunakan uji U atau Mann whitney U Test untukmelihat signifikansi perbedaannya, didapatkan tidak ada perbedaan yangsignfikan kinerja prima BMT Hudatama dan UJKS Al-Hidayaat
Responsiveness of Volatility Analysis of the Jakarta Islamic Index on Macroeconomic Variables Susanti, Eni; Agriyanto, Ratno; Musahadi, Musahadi; Zuhri, Saifudin
Muqtasid: Jurnal Ekonomi dan Perbankan Syariah Vol 12, No 1 (2021): MUQTASID: Jurnal Ekonomi dan Perbankan Syariah
Publisher : IAIN Salatiga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18326/muqtasid.v12i1.32-48

Abstract

This study aims to analyze the influence and response of the Jakarta Islamic Index (JII) volatility to changes in macroeconomic variables. VECM was used to examine the long-and short-term effects, while IRF was used to analyze the JII response. Data were obtained from BPS, BI, and Yahoo Finance monthly from 2015-2020 using global macroeconomic fiscal variables, including inflation, BI and Exchange Rates, Industrial Production Index, World Oil Price, Malaysia Hijrah Shariah Index, and DJIM Malaysia Titan 25 Index. The results show that JII is influenced by inflation variables, BI rate, IPI, OP, MHS, and DJIM in the long term but not the exchange rate. Furthermore, it is influenced by BI rate, IPI, OP, MHS, and DJIM in the short term, while the exchange rate and inflation have no significant effect. Macroeconomic variable shock influence JII by 52,27% while the rest is influenced by other variables outside the model. This research implies that the JII index is very sensit ive to economic changes.