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Journal : Justisia Ekonomika

CAPITAL GOVERNANCE IN SMALL INDUSTRIES IN WEST KWANYAR VILLAGE: A SHARIA FINANCIAL MANAGEMENT APPROACH Nur Baiti, Siti; Taufiqur Rahman
Jurnal Justisia Ekonomika: Magister Hukum Ekonomi Syariah Vol 8 No 1 (2024): Juni
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/justeko.v8i1.22066

Abstract

System, reduce risks, and promote sustainable economic growth by Islamic principles. Small industries in Kwanyar face several complex issues related to capital management, including a lack of transparency in financial transactions, the prohibition of usury, and profit sharing. This research aims to determine whether the principles of transparency and fairness in capital management, as stated in Sharia financial management, have been implemented. The research method used is a qualitative research method, which produces descriptive data in the form of written or spoken words from people and observable behavior, using a descriptive analysis approach. The results of this research show that the capital management process in the Small Industrial Business group in Kwanyar District, Bangkalan, is by Sharia financial management. This is evident from the application of the pecking order theory, a capital structure theory where financing starts from retained earnings (internal capital), and if insufficient, through debt or issuing new equity as a last resort (external). This aligns with Islamic law, which strictly prohibits usury in debt. In practice, business actors first use internal capital as the main capital and seek external financing when internal capital is insufficient
Co-Authors A. Iqbal Khairi Firmansyah Abdan Syakura Adinda Pramesti Indah Cahyani Adiyono Adiyono Adrian Syah Rifa'I Afiza Ridha Zamzima Afrizal Zulkarnaein Agoesta Pralita Agriana, Gita Agusti , Agusti Ahmad Al Farisi Ahmad Faizal Ahmad Musadad Ahmad Sholahuddin Aldi Atmanegara Ali Imran Ali Mahsun ALI NUR HADI Alvin Hairi Ama Safina Andri Maulidani Angel Sophia Intan Anggeria Oktavisa Denta Asrizal Astri Ivo Cantika Iva Nugrahani Daffa Rakha Attalah Dahruji, Dahruji Devi Putri Meilani Dimas Pratomo Dita Amelia Dita Amelia, Dita Djoko Setyadi Doddy Adhimursandi Dwi Aryani Edy Suryadi A Eka Angeliani Putri Elisa Christiana Endang Fauziyah Susilawati Endang FS Endang Poerwanti EVA ZAKIYATUL FAKHIROH Fadhil Daifullah Fairous Shafiratul Mubarok Fathor Rakhman Fitriana, Wahyu Galuh Danawati, Murtyas HAMIDAH Hibatullah Fikri Haikal Bahrawi Hilmah Noviandry R Holis Holis Ianatus Sholeha Ifadhah, Hurriyatul Indra Arif Firmansyah Iren Sadeva Azhar Isnaini Novita Sari Jamil Mustofa Khasanah, Hanna Nur Kholilur Rohman Kuzzairi Laila Diana Lailatul Hafidah Marsya Benita Mas’odi Maudy Marditta Putridinanti Miftahus Surur Mochammad Ilham Hidayat Moh Habiburrohman Moh. Fajrul Rasuly Moh. Zamili Mohammmad Khomisun Muhamad Afandi Multazem Mustaniroh, Mustaniroh Nindawi Nindawi, Nindawi Nur Baiti, Siti Nur Iszakiyah Nurizakiyah, Nurizakiyah Nurlaili Nurlaili Prastomo Prastomo S Prastomo Suhendro Putri Oktaviana Qurnia Andayani Raharja, Kristian Triatmaja Rahayu Yuliana W Rahma Apriani Rido Nur Hidayat Risa Umami Roland Anggala Perdana Salma Munawwaroh Samsuki Siska Yuli Anita Siti Arafat Siti Rumaidah Sultan Diyas Supaijo Supaijo Syaiful Anam Tio Saputra Febriansyah Tri Pujiati Ubaidatun Nurul Hikmah Velia Luthfi Oktarena Vivian Vebryanti Yuana Chelsea Yusiska Widya Tama Zainur Ridho