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Benefit and harm of cryptocurrency as the official currency of a state Trisna Taufik Darmawansyah; Miko Polindi; Putri Diesy Fitriani; Yani Aguspriyani; Rezky Mehta Setiadi; Sanawi Sanawi
Journal of Enterprise and Development (JED) Vol. 5 No. Special-Issue-1 (2023): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

Purpose — The paper highlights two different opinions among scholars regarding the permissibility of cryptocurrency and explores the factors that contribute to these opinions. Additionally, the article discusses the potential risks associated with cryptocurrency, such as the lack of intrinsic value and the potential for use in illegal activities. Overall, the article seeks to provide insights into the Shariah perspective on cryptocurrency and its potential impact on the financial industry.Method — In conducting a SWOT (strengths, weaknesses, opportunities, and threats) analysis on cryptocurrency, the author gathered data from previous studies, literature in English, Indonesian, and Arabic. Then, the data collected through the SWOT analysis was analyzed using the principles of mashlahah and mafsadah and the principles of maqasid al-shariah. The appropriate method for analyzing data in this study is secondary data analysis.Result — Cryptocurrency is an innovation that has never happened before, especially in the financial world. Cryptocurrency brings many benefits but also brings losses, as evidenced by the weakness of the system and external activities. Based on the SWOT analysis, it appears that the losses or mafsadah tend to be more than the mashlahah, meaning that problems and conflicts will arise if cryptocurrency is used as the official currency of a country.Contribution — The paper makes an important academic contribution by using the Islamic concept of Maqashid al-Sharia, specifically the analysis of mashlahah (benefits) and mafsadah (harms), to evaluate the potential use of cryptocurrencies as national currencies.
The Effect of Good Corporate Governance and Firm Characteristics on Firm Value of Sharia and Conventional Banks in Indonesia Soliyah Wulandari; Dede Sudirja; Rezky Mehta Setiadi; Haezah Nur Shabrina
Islamiconomic : Jurnal Ekonomi Islam Vol 16, No 1 (2025)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v16i1.831

Abstract

This research aims to empirically prove the influence of good corporate governance and company characteristics on firm value. Good corporate governance in question is the board of directors, independent commissioners, audit committee, and institutional ownership, while company characteristics are company size, profitability, and leverage.  The object of this research is Banks Listed on the Indonesian Stock Exchange. The sample period in this research is 2021 and 2022. Sample selection was carried out using the purposive sampling method. The final sample used in this research was 60 observations. The secondary data collected were financial reports from each bank. The data was processed using multiple regression model statistical tests. The results of this research show that company size and profitability influence the firm value of sharia and conventional banks listed on the Indonesia Stock Exchange. Meanwhile, the board of directors, independent commissioners, audit committee, institutional ownership, and leverage have no effect on the firm value of sharia and conventional banks listed on the Indonesia Stock Exchange.
Analisis Faktor Non-Keuangan terhadap Kinerja Bank Syariah di Indonesia Hendrieta Ferieka; Irmatul Hasanah; Rezky Mehta Setiadi; Nur Falih Anwar
Jurnal Buana Akuntansi Vol. 11 No. 1 (2026): Jurnal Buana Akuntansi
Publisher : LPPM UBP

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.36805/92f1ve70

Abstract

This research analyzes non-financial aspects that influence the performance of Islamic banking in Indonesia, a sector that plays a crucial role in the country's financial stability and socio-economic welfare. Islamic banking in Indonesia has shown significant growth, reaching a market share of 10.41% in June 2022. Nevertheless, this sector faces challenges such as declining profitability and an increase in non-performing financing (NPF). Traditionally, bank performance evaluation has been based on financial statements. However, this study emphasizes the importance of non-financial performance indicators. Key non-financial factors identified and examined include Sharia Accounting Knowledge, Sharia Compliance, Ethical Values, Tax Relief, Sharia CSR Disclosure, and Service Quality. Through careful analysis, key findings indicate that Sharia Accounting Knowledge and Tax Relief have a significant impact on the performance of Islamic banking in Indonesia. These results underscore the need for a comprehensive approach in evaluating and improving Islamic banking performance, which not only considers financial metrics but also integrates crucial non-financial factors for the future growth and stability of the industry.