cover
Contact Name
Khairatun Hisan
Contact Email
khairahisan@iainlangsa.ac.id
Phone
+628116824961
Journal Mail Official
jurnaljii@iainlangsa.ac.id
Editorial Address
Gedung Fakultas Ekonomi dan Bisnis Islam IAIN Langsa Komplek Kampus IAIN Langsa Jl. Meurandeh Gp. Sidodadi Kota Langsa
Location
Kota langsa,
Aceh
INDONESIA
Jurnal Investasi Islam
ISSN : 25413570     EISSN : 25809024     DOI : -
Core Subject : Economy,
Jurnal Investasi Islam adalah jurnal akademis yang diterbitkan dua kali dalam setahun oleh Fakultas Ekonomi dan Bisnis Islam, Institut Agama Islam Negeri Langsa. Jurnal Investasi Islam bertujuan untuk menjadi bagian dalam kemajuan ilmu pengetahuan di bidang ekonomi, keuangan dan investasi islam dengan menerbitkan jurnal investasi berkualitas. Fokus dan Scope: Fokus dan Lingkup Jurnal Investasi Islam di antaranya adalah: 1. Islamic investment 2. Islamic Banking and Finance 3. Monetary Policy 4. Fiscal 5. Ziswaf 6. Islamic Microfinance 7. Sukuk 8. Other investment instruments
Articles 56 Documents
MENGENAL LEBIH DEKAT ANALISIS PASAR MODAL PERSPEKTIF SYARI`AH Iskandar Budiman
Jurnal Investasi Islam Vol 1 No 1 (2016): Jurnal Investasi Islam
Publisher : FEBI IAIN Langsa

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Abstract

The development of Sharia capital market system in Indonesia based on sharia economic values which controlled by Indonesian Capital Market Architecture to provide an alternative sharia finance product for Indonesian people. Synergically, the sharia capital market system moving widely to support society’s financial mobilization for increasing financial capability for national economic growth. The characteristic of Sharia capital market system by using profite contribution and loss sharing mechanism gives more profitable for both capitalist and someone who is doing business. There is also put forward justification values in transactions, ethically invest, put forward togetherness and brotherhood values in production but also avoid all speculative acts in some financial transactions. Providing various contracts and market services with variety of financial schemes, the sharia capital market becomes an alternative credible stock-exchange growth and it can be enjoyed by all levels of moslim`s capitalist. In the context of macro economic system, widely used various products and sharia financial instruments, it can tighten financial in real sectors of business development. The goal of Islamic capital market are providing instruments for supporting financial acts and business activities. Exactly, it decreases speculative transactions, so that it supports wholly financial system stability and provides significant contribution for harmony life. As a result, the society responds positively toward the products and services provided by the management of sharia capital market to increase society’s economy. It can fasten the process of empowering society’s economy which gives positive contribution in understanding business starting with small capital. As a matter of fact, the development of sharia capital market system needs more supports from moslem`s society, stated under regulation and it would be controlled by authorized person (National Sharia Boards/Dewan Syariah Nasional).
PENGARUH DANA PIHAK KETIGA DAN MODAL SENDIRI TERHADAP PEMBIAYAAN MURABAHAH M. Fauzan
Jurnal Investasi Islam Vol 2 No 1 (2017): Jurnal Investasi Islam
Publisher : FEBI IAIN Langsa

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Abstract

This study discusses the influence of the third party funds and private capital towards the amount of murabahah financing at PT. BPRS Al-Yaqin. The purpose is to know the influence between the third party funds and private capital against the amount of murabahah financing at PT. BPRS Al-Yaqin. Sample in this research is financial report of PT. BPRS Al-Yaqin period 2013-2015 derived from the financial statements of PT. BPRS Al-Yaqin. Multiple linear regressions are used as an analytical technique. The results showed that the dependent variable of financing amount can be explained by independent variable that is the third party fund and private capital equal to 0.585 or 58% and the rest (42%) explained other variable outside variable used. Simultaneously, the third party fund and private capital variables have a positive influence on the distribution of financing fund based on F test where Fcount> Ftable (14.127 > 3.331) with the significant level of 0.000 <0.05.
ANALISIS FAKTOR YANG MEMPENGARUHI HARGA SAHAM PADA PERUSAHAAN MANUFAKTUR YANG TERDAFTAR DI BEI TAHUN 2010-2014 Mayang Murni
Jurnal Investasi Islam Vol 2 No 1 (2017): Jurnal Investasi Islam
Publisher : FEBI IAIN Langsa

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The objective of the research was to examine the influence of firm size, firm age, CR, DER, ROA, ROE, NPM, EPS, and PER on stock price. The population was manufacture companies listed in BEI (the Indonesia Stock Exchange) in the period of 2010-2014. The samples were 73 manufacture companies listed in BEI, taken by using purposive sampling technique so that there were 365 observations. The data were secondary data which were obtained from financial statement and were analyzed by using multiple linear regression analysis with an SPSS 21 software program. The result of the research showed that firm size, firm age, Current Ratio, and PER had positive and significant influence on stock price. NPM and ROA had positive impact but insignificant influence on stock price. DER, ROE, and EPS had negative and insignificant influence on stock price.
ANALISIS ZAKAT PRODUKTIF DAN DAMPAKNYA TERHADAP PERKEMBANGAN USAHA MIKRO MUSTAHIK Mastura .
Jurnal Investasi Islam Vol 2 No 1 (2017): Jurnal Investasi Islam
Publisher : FEBI IAIN Langsa

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This research aims to find out the influence of zakat on Mustahik’s micro business development. The sample of this research is zakat, the educational employees in 2013 followed by 46 samples of micro businesses. This was quantitative research using multiple linear regression analysis technique, supported by a model test and statistical tests using Eviews 7 version program assistance. The results of research which was conducted on alpha 5%, showed that the major variables including the zakat, the man power and education affect on profits. Partially, the influence of zakat towards income is positive and significant, in which the increase of zakat Rp 1 balanced to that of income for Rp 4. The increasing of zakat will raise capital, resulted in raising the production as well as the profits. The influence of laborer towards income is also positive and significant, thus the increasing number of laborer for 1 person will enlarge the income of Rp 2,174,221. The increasing number of laborer would raise the level of production and profits. The influence of education towards income is positive and significant; it stood at 1 compared to Rp 104,9202. This meant that the higher education the better production will be.
PENGARUH FAKTOR FUNDAMENTAL MAKRO DAN MIKRO TERHADAP RETURN SAHAM Nur Ismanidar
Jurnal Investasi Islam Vol 2 No 1 (2017): Jurnal Investasi Islam
Publisher : FEBI IAIN Langsa

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The aim of this study to find the effect of macro fundamental factors, namely inflation and interest rates of SBIs, and micro fundamentals in the form of financial ratios as measured by Return On Assets (ROA) and Earning Per Share (EPS) on stock returns in Indonesia capital market. The research object is Mining Company which listed in Indonesia Stock Exchange since 2009-2012. The sample selection procedure is purposive sampling. In this research, Multiple Linear Regression method of Generalized Least Squares (GLS) method with fixed effects approach through Chow Test and Hausman Test is done. Hypothesis test used t-statistic and f-statistic test with 5% significance. The results showed that the independent variables affect the stock return with a significance value of F by 0.000%. Partially variable of inflation rate has a positive relationship to stock returns indicating that the inflation was caused by the monetary sector. On the other hand, variable Return on Assets (ROA) has a negative relationship indicating that a good Return on Assets (ROA) does not encourage the increase of stock prices, and proved that the variable Earning Per Share (EPS) has a positive effect on stock returns indicating that the greater Earning Per Share (EPS) will increase the acquisition of stock returns.
ANALISA FAKTOR MAKRO EKONOMI TERHADAP RETURN ON ASSET PERBANKAN SYARIAH Silviana Pebruary; Shalihul Aziz Widya Irawan
Jurnal Investasi Islam Vol 2 No 1 (2017): Jurnal Investasi Islam
Publisher : FEBI IAIN Langsa

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This study aims to analyze the macroeconomic factors (inflation, BI rate, Domestic Product Growth) that influence Return on Asset (ROA) in Islamic banking. The population of this study was Islamic bank registered in Indonesian Bank 2009-2016, which is Mandiri syariah banking. The purposive sampling method by selecting the bank’s financial reports quarterly was used as the technique of data collection. The data then was analyzed by using the classical assumption test, multiple regression analysis, and hypothesis testing using software tools Eviews.5.1. The result showed that inflation, BI rate, and the Growth of Domestic Product had an effect on ROA. In particular, inflation had positive effect towards ROA, but BI rate and the Growth of Domestic Product showed negative one.
ANALISIS RISK DAN RETURN SAHAM SYARIAH TAHUN 2016 Angga Binanga; Muhammad Dayyan; Ainun Mardhiah
Jurnal Investasi Islam Vol 2 No 1 (2017): Jurnal Investasi Islam
Publisher : FEBI IAIN Langsa

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This study was conducted to see whether the ISSI investment instrument which is sharia stock has or has not different risk and return with non-ISSI as conventional stock. ISSI and Non-ISSI shares in this study equally amounted to 267 issuers with a total of all 547 issuers. Differences risk and stock returns were analyzed using secondary data downloaded through the yahoo finance website. The data used are the opening and closing prices of daily trading, as well as cash dividends distributed by issuers from January 4 to December 30, 2016. The Kolmogorov-Smirnov and Shapiro-Wilk normality tests are used to determine whether different tests will use parametric statistics (Independent T Test) or nonparametric (Mann-Whitney). Normality test results show that the significance value of risk and return of ISSI and Non-ISSI stock is smaller than tolerance of 0.05 so that the difference test is done using Mann-Whitney nonparametric statistics. Mann-Whitney test results show Asymp. Sig. (2-tailed) return value of 0.238 and Asymp. Sig. (2-tailed) risk is worth 0.812. Both values of significance are greater than 0.05 which means that Ho in this study is accepted, “there is no significant difference in risk and return between ISSI sharia shares and non-ISSI conventional shares.
PENGARUH GAYA KEPEMIMPINAN TERHADAP SEMANGAT KERJA KARYAWAN PADA BANK MANDIRI CABANG LANGSA Andi Tarlis
Jurnal Investasi Islam Vol 2 No 2 (2017): Jurnal Investasi Islam
Publisher : FEBI IAIN Langsa

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This study was conducted to examine the influence of leadership style on employee morale conducted at Bank Mandiri Langsa Branch with the sampling of 68 respondents ie employees of Bank Mandiri Langsa Branch. The distribution of questionnaires was conducted in July 2016 until August 2016 as the primary data which was then analyzed using simple linear regression analysis equipment. Based on the result of simple linear regression analysis found Y = 13,900 + 0,518X and constant equal to 13,900 representing employee morale variable variable when leadership style variable is zero, or meaningful if value of leadership style variable increased 1 (one) hence the variable value of employee morale will rose by 0,518. Then obtained the value of correlation coefficient (r) is 0.579 indicates the relationship between the variables are, while the value of coefficient of determination (r2) is 0.335 or influence of leadership style to employee morale is 33.5%, the remaining of 100% is 66.5% influenced by factors such as salary, motivation, incentives, and the work environment. The result of hypothesis test (t test) got significance level from leadership style variable to employee morale obtained t-count> t-table or 5,030> 1,667 and tsig <5% or 0,00 <0,05. This shows that leadership style has an effect on employee morale of Bank Mandiri Branch of Langsa.
CORPORATE GOVERNANCE DAN LEVERAGE TERHADAP NILAI PERUSAHAAN DENGAN KUALITAS LABA SEBAGAI VARIABEL MEDIASI Fondha Mulyo Utomo; Wiwik Dianawati
Jurnal Investasi Islam Vol 2 No 2 (2017): Jurnal Investasi Islam
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This study aims to obtain evidence of the influence of good corporate governance as measured by the number of boards of directors, institutional ownership, audit committee, and auditor’s reputation and leverage have an influence on the value of the company through the quality of earnings at manufacturing companies in Indonesia Stock Exchange. The population used in this study is a manufacturing company listed on the Indonesia Stock Exchange in 2013-2016. Sampling technique in this study using simple random sampling, the number of samples 40 companies.The test results show that the number of boards of directors proved to negativelyaffect the value of the company. Institutional ownership and leverage are not proven to affect the value of the company. The auditor’s reputation proved to have a positive effect on the company’s value.The quality of profit is able to mediate the relationship between the number of boards of directors against the value of the company. The quality of profit is not a mediating variable between institutional ownership and the auditor’s reputation of the firm’s value. The quality of profit is able to mediate the relationship between leverage to firm value. The quality of earnings has an influence on the firm value.
DAMPAK KEPUTUSAN MANAJER TERHADAP BIAYA STICKY Ivena Tiono; Zaenal Fanani
Jurnal Investasi Islam Vol 2 No 2 (2017): Jurnal Investasi Islam
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This study examines the concept of new cost behavior and is often referred to as sticky cost behavior. Traditional cost behavior says that costs will go up anddown at the same rate as sales and sales go up. This study breaks traditional cost behavior and proves that every 1% increase in cost of sales will rise by 31% but any 1% decrease in sales costs will fall by only 20%. The purpose of this study is to seek empirical evidence as to whether adjustment costs, which illustrate managerial decisions made intentionally, have an effect on sticky costs and whether the sticky costs of manufacturing and non-manufacturing industries differ. This study was tested by using multiple regression analysis and tested on all companies listed in Indonesia Stock Exchange in 2014 - 2016. The results showed that the cost of adjustment to influence sticky costs significantly. Manufacturing and non-manufacturing industries have different sticky costs, where the manufacturing industry is more sticky than the non-manufacturing industry.