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Analisis Pengukuran Kinerja dengan Pendekatan Maslahah Scorecard Kadir, Syahruddin; Abdullah, Muhammad Wahyuddin; Kadir, Amiruddin
Jurnal Minds: Manajemen Ide dan Inspirasi Vol 6 No 1 (2019): June
Publisher : Management Department, Universitas Islam Negeri Alauddin Makassar, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24252/minds.v6i1.8108

Abstract

Penelitian ini bertujuan untuk mengidentifikasi unsur-unsur maṣlaḥah dan mengukur kinerja proses dan hasil dengan maṣlaḥah scorecard pada PT Tirta Fresinda Jaya (TFJ) di Kab. Gowa. Metodologi yang digunakan adalah deskriptif kualitatif melalui observasi, wawancara, dan dokumentasi dengan cara reduksi data, penyajian data, verifikasi data dan penarikan kesimpulan. Hasil penelitian menunjukkan bahwa terdapat delapan unsur kemaslahatan antara lain ibadah, proses internal, tenaga kerja, pembelajaran, harta kekayaan, pelanggan, kepatuhan, dan keberlanjutan organisasi. TFJ cukup menerapkan kinerja proses kemaslahatan dan mampu memberikan kemaslahatan kepada stakeholder internal dan eksternal. Penelitian ini berimplikasi pada proses keberlanjutan masa depan perusahaan pada unsur internal dan eksternal organisasi.
Integrating fundamental and technical analysis with Maqāṣid al-Sharī‘ah in evaluating JII70 Sharia stock investment performance in Indonesia Jumarni, Jumarni; Ariska, Ayu; Kadir, Syahruddin
Journal of Islamic Economics Lariba Vol. 12 No. 2 (2026)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol12.iss2.art4

Abstract

IntroductionThe Islamic capital market in Indonesia has grown rapidly, marked by rising market capitalization, expanding investor participation, and increasing interest in sharia-compliant stocks listed in the Jakarta Islamic Index 70. Despite this progress, many investors still face difficulties in evaluating sharia stocks because investment decisions often rely either on financial fundamentals or short-term market sentiment. This condition creates a need for an integrated model that combines fundamental analysis, technical analysis, and maqāṣid al-sharī‘ah values, particularly wealth preservation.ObjectivesThis study aims to evaluate the investment performance of selected Jakarta Islamic Index 70 sharia stocks by integrating fundamental and technical analysis with the maqāṣid al-sharī‘ah principle of ḥifẓ al-māl. It also examines how financial ratios and market trendiness influence sharia stock price formation.MethodThis study used a descriptive mixed-methods approach based on secondary data from five selected sharia-compliant issuers: PT Aneka Tambang Tbk, PT Alamtri Resources Indonesia Tbk, PT Pertamina Geothermal Energy Tbk, PT Bumi Resources Minerals Tbk, and PT Telkom Indonesia (Persero) Tbk. Fundamental analysis was conducted using price earnings ratio, price to book value, return on equity, earnings per share, and debt to equity ratio. Technical analysis employed moving average, relative strength index, moving average convergence divergence, trading volume, and support-resistance indicators. The study also applied the Integrated Islamic Investment Framework and panel data regression using a fixed effects model.ResultsThe findings show that PT Aneka Tambang Tbk achieved the strongest fundamental score, followed by PT Alamtri Resources Indonesia Tbk and PT Telkom Indonesia (Persero) Tbk. In contrast, PT Bumi Resources Minerals Tbk ranked highest technically as a strong momentum stock. Regression results indicate that price to book value, earnings per share, and trading volume positively affect stock prices, while debt to equity ratio has a negative effect.ImplicationsThe study shows that sharia stock investment requires a balance between profitability, market timing, risk control, and ethical wealth preservation.Originality/NoveltyThis study contributes an integrated Islamic stock evaluation model that links fundamental strength, technical momentum, market trendiness, and maqāṣid al-sharī‘ah-based wealth preservation.
The role of Sharia financing product in improving company management at PT Mandiri Utama Finance Mattarima, Mattarima; Wijana, Moh. Arga; Suaeb, Muh. Irwan; Rusli, Muhammad; Ista, Akram; Kadir, Syahruddin
Journal of Islamic Economics Lariba Vol. 12 No. 2 (2026)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol12.iss2.art8

Abstract

IntroductionSharia financing (Rahn) has become an alternative to consumer financing in Indonesia. The implementation of Rahn financing at multifinance companies in South Sulawesi requires further study to understand its role in corporate management and strengthen the companies’ competitiveness.ObjectivesThis study examines the role of Sharia financing product (Rahn) for PT Mandiri Utama Finance South Sulawesi, focusing on the company’s implementation and operational management.MethodThis study employs a qualitative approach using a case study design at PT Mandiri Utama Finance South Sulawesi. Research data were collected through semi-structured interviews, field observations, and analysis of company documents. The analysis technique used a thematic analysis approach to identify patterns, experiences, and findings related to the implementation of Rahn financing at PT Mandiri Utama Finance South Sulawesi.ResultsThe Rahn product implemented by MUF South Sulawesi is in accordance with the DSN-MUI Fatwa. The Rahn contract application process requires collateral in the form of gold and identification, and the estimated value of the collateral is based on market prices. The Rahn product has enhanced the company’s operational management by driving business growth and increasing corporate profits through the acquisition of new customers, market share expansion, and organizational sustainability. This signifies the expansion of financial inclusion, particularly for segments of society requiring quick and easy access to financing without complex procedures, while also strengthening the company’s competitive position.ImplicationsThis study emphasizes the importance of product innovation and Sharia compliance in Sharia-based financing, such as in Rahn. However, challenges remain, including limited understanding among some customers regarding the Rahn financing mechanism, intense competition with conventional financing institutions, and limited human resources in the sector. Therefore, this study recommends that PT MUF strengthen its customer education strategy, enhance its human resource training, and develop digital service innovations to improve the company’s efficiency and competitiveness.Originality/NoveltyThis study provides insights into how Islamic financial products can serve as a new strategy for multifinance companies to balance innovation and tradition to strengthen management capabilities and drive sustainable growth. It offers new empirical contributions regarding how Rahn product are applied within the context of Islamic multifinance companies.
Developing Indonesia’s palm sugar industry for the ASEAN market: A SWOT–AHP–Maslahah and digital Islamic economy framework Fahrika, Andi Ika; Buhasyim, Muhammad Abdi; Kadir, Syahruddin
Journal of Islamic Economics Lariba Vol. 12 No. 2 (2026)
Publisher : Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jielariba.vol12.iss2.art24

Abstract

IntroductionIndonesia’s palm sugar industry has considerable potential to support export growth, strengthen the creative economy, and expand the country’s participation in the Association of Southeast Asian Nations market. However, palm sugar producers continue to face limited production capacity, low technological adoption, inadequate promotion, weak quality standardization, insufficient capital, and incomplete business formalization. These constraints require a development strategy that improves competitiveness while creating public welfare in accordance with Islamic economic principles.ObjectivesThis study evaluates strategic alternatives for developing Indonesia’s palm sugar industry in the Association of Southeast Asian Nations market. It also develops an integrated Strengths, Weaknesses, Opportunities, and Threats–Analytic Hierarchy Process–Maslahah framework to assess strategic priorities based on competitiveness and the objectives of Maqasid al-Shariah.MethodThe study employed a quantitative approach using primary data collected through structured questionnaires. Five palm sugar companies in Bone Regency, South Sulawesi, were selected through purposive sampling. Internal and external strategic factors were evaluated through Strengths, Weaknesses, Opportunities, and Threats analysis. The Analytic Hierarchy Process was used to assign weights to the dimensions of Maqasid al-Shariah, while the Maslahah Scorecard assessed each strategy’s contribution to protecting religion, life, intellect, lineage, and wealth.ResultsThe findings show that weaknesses outweighed strengths, while opportunities exceeded external threats. The strategic position was located in Quadrant Three, indicating the need for a turnaround strategy that uses market opportunities to address internal limitations. The total Maslahah score was 3.01, representing a moderate contribution to public welfare. Halal certification, Sharia-compliant business practices, digital innovation, and halal e-commerce received relatively strong assessments. Business continuity, financing access, technological capability, export income, and industry regeneration require further improvement.ImplicationsPolicymakers and industry practitioners should prioritize e-commerce training, halal certification assistance, business registration, quality improvement, Islamic financing, and access to regional export and distribution networks.Originality/NoveltyThis study introduces an integrated strategic framework that evaluates palm sugar development through both commercial competitiveness and Shariah-oriented welfare, connecting digital Islamic economy instruments with sustainable development in the Association of Southeast Asian Nations market.
The Performance of Islamic Bank in Terms of Human Resources, Outstanding Loans, and NPF: Mann-Whitney Analysis Budiono, I Nyoman; Husain, Hartina; St. Nurhayati; Kadir, Syahruddin; Fauzia, Nurul; Muhlisa, Nurul
Widya Cipta: Jurnal Sekretari dan Manajemen Vol. 10 No. 1 (2026): March
Publisher : Universitas Bina Sarana Informatika

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31294/widyacipta.v10i1.9778

Abstract

Sharia banks act as financial institutions that perform financial intermediary functions, connecting parties with excess funds with parties in need of funds. The pandemic era in early 2020 is one of the most striking examples that shows the serious impact of macroeconomic changes on Islamic banking in Indonesia. This study focuses on the performance of Islamic banking. It aims to analyze changes in four variables: number of branches, number of human resources, outstanding financing, and Non-Forming Finance in Islamic banks, both before and during the pandemic. The method used is a statistical approach sourced from secondary data published by the OJK, which includes a sample of 12 Islamic commercial banks and 21 Islamic business units. The analysis technique used is a descriptive comparative analysis of the results of the Mann-Whitney statistical test. The results of this study, based on the analysis using the Mann-Whitney test, indicate significant differences in these variables between the periods before and during the COVID-19 pandemic in the Islamic banking sector. Therefore, a strategic response is needed from the Islamic banking sector in addressing changes in the economic situation and customer behavior influenced by external factors such as the pandemic. The importance of adaptation by the Islamic banking sector in facing a pandemic, as well as the importance of better risk management in managing business growth and credit risk.