Purpose: The purpose of this study is to analyze the SWOT of the University of Melaka Malaysia to formulate a development strategy for the University of Nahdlatul Ulama Surakarta. Research Methodology: This type of research includes qualitative field research and uses SWOT analysis as an analytical knife. Data collection techniques included interviews, documentaries,, and observation methods from February 12 to 15, 2023 at the University of Melaka Malaysia. Results: The findings of this study indicate that four alternatives can be developed for Universitas Nahdlatul Ulama Surakarta: SO, WO, ST, and WT strategies. The SO strategy includes institutions, curricula, and student development. The two WO strategies covered employment, infrastructure, and student affairs. The three ST strategies are curriculum, institutions, management, and infrastructure. The four WT strategies covered infrastructure, foreign relations, employment, and student affairs. Limitation: This study focuses on two tertiary institutions, namely the University of Melaka and the University of Nahdlatul Ulama Surakarta. Contribution: First, it can be used as evaluation material for the University of Melaka. Second, it can be an opportunity for Nahdlatul Ulama University to collaborate with the University of Melaka as a higher education development strategy. Novelty: Based on the literature review that the authors explain in this article, it shows that the renewal of this research is to use the results of the SWOT analysis at Melaka University to formulate a development strategy for Nahdlatul Ulama University, Surakarta.

Purpose: This study analyzes the effect of macroeconomic factors, including inflation, interest rates, exchange rates, and money supply, on the stock return rate of the Jakarta Islamic Index (JII). Methodology/approach: The data in this study were processed using the multiple linear regression approach in SPSS 26.0. The sample includes monthly data on the Jakarta Islamic Index (JII) Sharia index for ten years from January 2013 to January 2023. Results: The analysis results prove that the exchange rate and inflation have a significant negative effect on JII stock returns. In contrast, the interest rate and money supply do not have a significant relationship with stock returns. Limitations: A low adjusted R-squared value indicates that the independent variables can only explain the limited scope of the dependent variable. Thus, it can be concluded that additional variables are required to be included in this investigation. Contribution: This study is expected to provide a reference for further research. In addition, using one of the Sharia indices in this study is expected to provide a new view to novice investors that not only shares of conventional companies are traded but also shares of Sharia companies. It is hoped that this study’s results will also help investors prospect JII stock returns to help them find the best investment decision. Novelty: Many previous studies have conducted research on stock prices using the Jakarta Islamic Index (JII). However, research on stock returns using this index has not been found.

Purpose: This study aims to determine the effect of the ethical climate, which consists of collective moral sensitivity (moral awareness and empathic concern), collective moral judgment (self-focused and focus on others), and collective moral motivation on employee performance in private tertiary institutions in Bandar Lampung. Methodology/approach: This study uses primary data from the results of a questionnaire with a Likert scale. This quantitative research distributed questionnaires to 245 respondents from private universities in Bandar Lampung. The data analysis tool used was linear regression analysis with SPSS 25. Results/findings: The study's results show that collective moral sensitivity (moral awareness and empathic concern) does not affect performance, while collective moral judgment (focus on oneself and focus on others) and collective moral motivation affect performance. Conclusion: Based on the findings of this study, it is hoped that the leaders of private higher education can provide leadership and ethics training, build organizational member trust, build a culture of inclusiveness and proactivity, and improve a sense of belonging among organizational members.