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Ekonomi Islam: transaksi dan problematikanya Athoillah, Muhammad Anton
IJTIHAD Jurnal Wacana Hukum Islam dan Kemanusiaan Vol 13, No 2 (2013): IJTIHAD Jurnal Wacana Hukum Islam dan Kemanusiaan
Publisher : Sekolah Tinggi Agama Islam Negeri Salatiga

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Abstract

Transaction in Islam is often criticized for not having a clear differentiator from the other transaction.Although departing from the different basic principles, but havingnot a much different impact than theother transaction. Often asked, whether Islamic economics is capitalism minus usury or socialism plusIslam? Therefore, no less important to know are, what a plus-minus of conventional transaction, whatthe distinguishing element between a conventional transaction with Shari’ah transaction, and whetherthe distinguishing element has different impact than what is produced by a conventional transaction.
Transformasi Ekonomi Nasional dan Peran Zakat dalam Mewujudkan Ketahanan dan Daya Saing Ekonomi Indonesia Efendi, Nur; Nur Ramdhan, Rahmat; Athoillah, Muhammad Anton; Yusup, Deni Kamaludin
ISTIKHLAF: Jurnal Ekonomi, Perbankan dan Manajemen Syariah Vol. 7 No. 2 (2025): (September 2025)
Publisher : Institut Agama Islam Yasni Bungo Jambi, Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.51311/istikhlaf.v7i2.1202

Abstract

Zakat sebagai instrumen berbasis syariah memiliki potensi strategis dalam mengatasi ketimpangan ekonomi, memerangi kemiskinan, dan memperkuat daya saing ekonomi nasional. Artikel ini mengeksplorasi relevansi zakat dalam mendukung transformasi ekonomi menuju ketahanan dan daya saing nasional, melalui tinjauan teori ekonomi syariah dan bukti empiris dari literatur kontemporer di Indonesia. Dengan pendekatan konseptual dan kajian teks terpublikasi (laporan, jurnal, kebijakan), artikel mengidentifikasi mekanisme zakat dalam redistribusi kekayaan, pemberdayaan mustahik, dan peran institusi pengelola zakat dalam pembangunan sosial-ekonomi. Hasil kajian menunjukkan bahwa meskipun tantangan signifikan seperti rendahnya realisasi potensi zakat dan koordinasi kelembagaan zakat dapat menjadi komponen integral dalam strategi pembangunan inklusif dan berkelanjutan. Implikasi penelitian ini menekankan integrasi zakat ke dalam kebijakan ekonomi nasional serta memaksimalkan potensi zakat produktif untuk memperkuat basis ekonomi masyarakat.
The Effect of Price Earning Ratio, Dividend Payout Ratio, and Debt to Equity Ratio on Firm Value in Non-Cyclical Consumer Companies Hakim, Muhammad Tsani Abdul; Hasanah, Depi; Athoillah, Muhammad Anton; Mulyawan, Setia; Setiawan, Iwan
International Journal of Nusantara Islam Vol 14 No 1 (2026): International Journal of Nusantara Islam
Publisher : UIN Sunan Gunung Djati Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/ijni.v14i1.51473

Abstract

The growth in the number of sharia investors and the increase in the market capitalization of sharia stocks in Indonesia reflect a high interest in Islamic-based investments, particularly in the defensive primary consumer goods sector (non-cyclical consumer goods). Amid this trend, it is important to understand the fundamental factors that influence company value, so that investors can make more rational decisions and company management can increase their stock market value. This study aims to examine the effect of Price to Earnings Ratio (PER), Dividend Payout Ratio (DPR), and Debt to Equity Ratio (DER) on company value, proxied by Price to Book Value (PBV), in non-cyclical consumer sector companies consistently listed in the Indonesian Sharia Stock Index (ISSI) during the 2016–2020 period. The study sample consisted of 15 companies with a total of 75 panel data observations. The analysis was conducted using panel data regression with fixed effects. The results showed that DER had a significant positive effect on company value, whereas PER and DPR did not. Simultaneously, these three variables influenced company value. These results reinforce signaling theory, where a high debt structure can be perceived as an indicator of management confidence in the company's prospects. This research contributes to the growing literature on Islamic finance, focusing on strategic and stable sectors in the capital market.