Judul: Analysis of The Effect of Macroeconomic Factors and Internal Factors of Sukuk on The Fluctuation of Sukuk Prices
Abstrak: Sukuk merupakan salah satu bentuk investasi yang sesuai dengan prinsip ajaran Islam. Ada banyak faktor yang memengaruhi harga sukuk, seperti faktor makroekonomi dan faktor internal. Pada karya ilmiah ini dianalisis bagaimana pengaruh faktor-faktor makroekonomi seperti Jakarta Islamic Index, kurs Rupiah terhadap Dollar Amerika Serikat, harga emas, dan harga minyak mentah serta faktor-faktor internal sukuk seperti harga sukuk SR-009 dan imbal hasil sukuk SR009 terhadap harga sukuk SR-009. Analisis tersebut dilakukan dengan membentuk model menggunakan Vector Error Correction Model (VECM). Selanjutnya, model tersebut diimplementasikan dalam Fungsi Respon Impuls atau Impulse Response Function (IRF) dan Forecast Error Variance Decomposition (FEVD) untuk melihat pengaruh jangka panjang seluruh faktor terhadap harga sukuk SR-009. Hasil yang diperoleh ialah seluruh faktor saling terkointegrasi atau memiliki hubungan jangka panjang bagi fluktuasi harga sukuk SR-009. Selain itu, seluruh faktor juga memiliki hubungan kausalitas Granger atau hubungan timbal balik dengan harga sukuk SR-009., Sukuk is a form of investment in accordance with the Islamic principles. There are many factors that influence the sukuk price, such as macroeconomic factors and internal factors of sukuk. In this research paper it is analyzed how the influence of macroeconomic factors such as Jakarta Islamic Index, USD exchange rate, gold prices, and crude oil prices, as well as internal factors of sukuk such as prices and yileds on the sukuk SR-009 prices. The analysis was carried out by forming a model using the Vector Error Correction Model (VECM). Furthermore, the model is implemented in the Impulse Response Function (IRF) and Forecast Error Variance Decomposition (FEVD) to see the long-term relationship of all factors on the sukuk SR-009 prices. The result shows that all factors are cointegrated or have a long-term relationship for the fluctuation of the sukuk SR009 prices. In addition, all factors have a Granger causallity or reciprocal relationship with the sukuk SR-009 prices.
Keyword: Forecast Error Variance Decompositon, Fungsi Respon Impuls, Sukuk, Vector Error Correction Model, Forecast Error Variance Decompositon, Fungsi Respon Impuls, Sukuk, Vector Error Correction Model

Judul: Analisis Pengaruh Guncangan Makroekonomi terhadap Perkembangan Sukuk Negara di Indonesia
Abstrak: Penerbitan Sukuk Negara masih berada pada kisaran 20-30 persen setiap tahunnya dari total Surat Berharga Negara yang diterbitkan serta terdapat beberapa penjualannya yang tidak mencapai target pemerintah. Sebagai negara Muslim terbesar di dunia, Indonesia hanya menyumbang 13.38 persen total penerbitan Sukuk Negara di dunia di bawah Malaysia sebesar 32.82 persen dan Arab Saudi sebesar 31.94 persen. Penelitian ini bertujuan untuk menganalisis pengaruh guncangan makroekonomi terhadap perkembangan Sukuk Negara yang berdenominasi rupiah dari tahun 2014 sampai 2019. Berdasarkan metode analisis Vector Error Correction Model (VECM) diperoleh hasil bahwa Sukuk Negara merespon positif guncangan produk domestic bruto, imbalan deposito mudharabah dan Jakarta Islamic Index (JII). Sedangkan Sukuk Negara merespon negatif inflasi, suku bunga acuan dan nilai tukar rupiah. Variabel yang memberikan kontribusi dominan dalam menjelaskan keragaman perkembangan Sukuk Negara secara berurutan adalah JII, nilai tukar rupiah dan suku bunga acuan., The issuance of Sovereign Sukuk is still in the range of 20-30 percent each year of the total Government Securities issued and there are several sales that do not reach the government’s target. As the largest Muslim country in the world, Indonesia only contributed 13.38 percent of the total issuance of Sovereign Sukuk in the world, under Malaysia at 32.82 percent and Saudi Arabia at 31.94 percent. This study aims to examines the impact of macroeconomic shocks on the development of local currency Sovereign Sukuk from 2014 to 2019. Based on the Vector Error Correction Model (VECM) analysis method, it is found that Sovereign Sukuk respond positively to the shocks of real gross domestic product, mudharabah deposits return rate, and Jakarta Islamic Index (JII). Meanwhile the Sovereign Sukuk respond negatively to the shock of inflation, policy rate, and exchange rate. The three variables that made dominant contribution in explaining the variation of development of Sovereign Sukuk were JII, exchange rate and policy rate.
Keyword: development, macroeconomic, Sovereign Sukuk, VECM

Judul: Etno-ornitologi Burung Kancilan Flores (Pachycephala nudigula nudigula Hartert 1897) pada Masyarakat Lio di Taman Nasional Kelimutu
Abstrak: Bare-throathed whistler is one of several wild birds in Kelimutu National Park (TNKL) that is believed to have correlation with Lio Community‟s belief. The estimation of Bare-throated whistler‟s population in Kelimutu National Park was about 186.41-1668.07 individual by the density about 0.0389-0.3481 ind/ha with the sex ratio 6.2:1 that spreaded on area with height of 1100 – 1600 masl. The characteristic of Bare-throated whistler‟s habitat is a natural forest with various canopy level, high plant species diversity and high density. The habitat characteristics related to the availability of food in the form of insects, cover, safety and a nesting site. Generally the most of Lio community knew the existence of Bare-throated whistler directly or from their parents‟ stories. The perceptions of Lio Community to the Bare-throated whistler‟s existence is generally support the conservation efforts. The perceptions construct the Lio Community‟s atitude that tend to be conservative to the existence of Bare-throated whistler. The attitude shown by their behavior that not cathing the Bare-throated whistler from the TNKL‟s area or the outside. The attitude have an important role to the existence of Bare-throated whistler in Kelimutu National Park‟s area.
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