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Bentuk Pembiayaan Usahatani Ditinjau dari Perspektif Islam di Kecamatan Pringgasela Kabupaten Lombok Timur Nur Eliza Samudra Dewi; Akhmad Jufri; Moh. Huzaini
El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam Vol. 7 No. 4 (2026): El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/elmal.v7i4.11502

Abstract

This study aims to analyse agricultural financing in Pringgasela Subdistrict, East Lombok Regency, and to analyse how financing is viewed from an Islamic perspective. This study is qualitative in nature. Data collection techniques include interviews, observation, and documentation. Informants for this study were selected using purposive and snowball sampling techniques. The data validity checking technique used by the author in this study was triangulation, and the data analysis method used was the interactive Miles and Huberman method, which consists of data collection, data reduction, data presentation, and conclusion drawing. Based on the results of the research, it can be seen that there are two types of agricultural financing carried out by farmers, namely financing with their own capital and financing using capital from middlemen or collectors (borrowing or Qardh). Financing with own capital involves having other businesses besides farming that are used as sources of income to finance farming needs, such as grain trading, rice milling, and drying businesses. Meanwhile, financing from middlemen takes the form of loans of money. Loans in the form of money provided by investors or middlemen do not incur additional charges or interest, but middlemen only reap profits when harvest time arrives because they are the ones who sell the farmers' crops, allowing them to determine the prices paid to farmers. Both types of financing are in accordance with the principles of Islamic economics.
Pengaruh Variabel Makroekonomi dan Instrumen Keuangan Syariah terhadap Kemiskinan di Indonesia: - Aziz Zidan Maulana; Muhammad Irwan; Moh. Huzaini
Jurnal Konstanta Vol. 5 No. 1 (2026): Jurnal Konstanta : Ekonomi Pembangunan, Juni 2026
Publisher : Fakultas Ekonomi dan Bisnis Universitas Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29303/konstanta.v5i1.3058

Abstract

Penelitian ini bertujuan menganalisis pengaruh variabel makroekonomi dan instrumen keuangan syariah terhadap tingkat kemiskinan di Indonesia selama periode 2005–2024. Variabel independen yang digunakan meliputi Produk Domestik Bruto (PDB), Foreign Direct Investment (FDI), tingkat pengangguran, serta zakat, infak, dan sedekah (ZIS), dengan kemiskinan sebagai variabel dependen. Penelitian ini menggunakan pendekatan kuantitatif dengan metode regresi linear berganda serta data sekunder yang bersumber dari lembaga resmi. Hasil penelitian menunjukkan bahwa PDB dan ZIS berpengaruh negatif terhadap kemiskinan, sementara pengangguran berpengaruh positif, dan FDI memiliki pengaruh yang bervariasi tergantung pada struktur ekonomi. Secara simultan, seluruh variabel berpengaruh signifikan terhadap kemiskinan.
Stock Valuation of IDX ESG Leaders Constituents and Its Implications for Sustainable Economic Development in Indonesia (2020–2024) Judandi Rizky Pratomo; Moh. Huzaini; Muhamad Bai’ul Hak
Al-Kharaj: Journal of Islamic Economic and Business Vol. 8 No. 2 (2026): All articles in this issue include authors from 3 countries of origin (Indonesi
Publisher : LP2M IAIN Palopo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24256/kharaj.v8i2.9791

Abstract

This study assesses the fairness of stock prices for issuers that consistently remained constituents of the IDX ESG Leaders (ESGL) during 2020-2024 and examines indications of an ESG premium. The method applies relative valuation based on five-year averages of Price-to-Earnings (P/E) and Price-to-Book Value (P/B). Fair value is estimated as the five-year average P/E multiplied by the latest EPS and the five-year average P/B multiplied by the latest BVPS, then consolidated as the base scenario. The sample comprises 17 issuers with normalized official data. The results show that all issuers are classified as undervalued under the base scenario, indicating multiple compressions and no systematic ESG premium. The findings confirm the usefulness of a concise, transparent, and replicable five-year P/E-P/B framework, while highlighting the need to standardize ESG-financial linkages and strengthen historical multiple data infrastructure. ESG issuers contribute to structural transformation through energy efficiency, low-carbon innovation, and stronger governance that enhances competitiveness and attracts sustainable financing. This study is descriptive and point-in-time; further research is recommended to add non-ESG benchmarks, extend the horizon, and explore alternative multiples.