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THE NEXUS BETWEEN A MAQASHID SHARIA AND ISLAMIC GREEN FINANCE: A BIBLIOMETRIC ANALYS IS ON SCOPUS SCIENTIFIC DATABASE Iin Inayati; Tenny Badina; Ahmad Fatoni
Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah Vol 10 No 5 (2025)
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/jms.v10i5.28528

Abstract

Penelitian ini bertujuan mengeksplorasi keterkaitan antara maqashid syariah dan Islamic green finance melalui analisis bibliometrik berbasis data publikasi ilmiah di Scopus tahun 1997–2025. Urgensi penelitian ini berangkat dari kebutuhan pembiayaan hijau berlandaskan prinsip syariah sebagai solusi atas isu global, termasuk perubahan iklim, degradasi lingkungan, dan tuntutan pembangunan berkelanjutan. Islamic green finance dipahami sebagai sistem keuangan etis yang tidak hanya sesuai prinsip syariah, tetapi juga mendukung pelestarian lingkungan melalui instrumen seperti green sukuk, green banking, dan zakat hijau. Metode penelitian menggunakan pendekatan bibliometrik dengan bantuan perangkat lunak VOSviewer untuk memetakan tren publikasi, jejaring kolaborasi penulis, serta kata kunci yang paling dominan. Dengan demikian, penelitian ini diharapkan mampu memberikan gambaran komprehensif mengenai perkembangan kajian ilmiah yang mengintegrasikan maqashid syariah dengan Islamic green finance. Selain itu, penelitian ini juga berupaya mengidentifikasi kontribusi ilmiah utama, tema penelitian yang berpengaruh, serta arah pengembangan diskursus di masa depan. Hasil penelitian diharapkan menjadi landasan teoritis maupun praktis bagi akademisi, pembuat kebijakan, serta pelaku industri keuangan syariah dalam membangun ekosistem keuangan yang inklusif, beretika, dan berkelanjutan.
Pengaruh Sharia Compliance, Struktur Modal, dan Dana Pihak Ketiga terhadap Profitabilitas (Studi Empiris pada Bank Umum Syariah di Indonesia yang Terdaftar di Ojk 2016-2023) Yunita, Wanda; Badina, Tenny; Fatoni, Ahmad
Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah Vol 9 No 3 (2024)
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/jms.v9i3.22972

Abstract

This research aims to look at the variables Islamic Income Ratio, Profit Sharing Ratio, Zakat Performing Ratio, Capital Structure and Third Party Funds in influencing ROA Profitability. The population in this research is Sharia Commercial Bank companies registered with the OJK for the 2016-2023 period. The data used in this research is panel data from 9 selected companies, with a total sample of 72. The sampling technique uses purposive sampling. The analysis technique uses the panel data regression method which is processed using Eviews 12.0. The results of the research specifically show that the Zakat Performing Ratio and Capital Structure have a positive and significant influence on the profitability of Islamic commercial banks. Meanwhile, the Islamic income ratio, profit sharing ratio, voluntary disclosure and third party funds have no effect on the profitability of Islamic commercial banks. The research results simultaneously show that the variables Islamic income ratio, profit sharing ratio, zakat performing ratio, voluntary disclosure, capital structure and third party funds have an influence on the profitability of Islamic commercial banks. Keyword: Capital Structure, Islamic Income Ratio, Profit Sharing Ratio, Profitability, Third Party Funds, Voluntary Disclosure, Zakat Performing Ratio
Analisis Perbandingan Risk dan Return Saham Syariah dengan Saham Konvensional (Studi Empiris pada Jakarta Islamic Index (JII) dan LQ45 Periode 2017-2022) Alfarisi, Muhammad Ayyub; Badina, Tenny; Ainun Najib, Mohamad
Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah Vol 9 No 3 (2024)
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/jms.v9i3.23070

Abstract

This study was prepared to determine the difference in average return and risk of Islamic stocks in the Jakarta Islamic Index (JII) and conventional stocks in LQ45 in the period 2017 to 2022. This study also analyzes the variables of exchange rates, inflation, the fed interest rate, and covid-19 in influencing stock returns on companies in the Jakarta Islamic Index and LQ45. This type of research is descriptive research with a quantitative approach. The research location is the Indonesia Stock Exchange website www.idx.co.id as a secondary data provider in the form of names of issuers included in the JII and LQ45 indices and quarterly stock closing price data for the period 2017 to 2022. The results of descriptive analysis show that the risk of Islamic stocks is higher than conventional stocks (0.1885> 0.1723 or 8.85%> 7.23%). The return rate is higher for Islamic stocks than conventional stocks (0.0196> 0.0018 or 1.96%> 0.18%). Based on the results of different tests using the Independent Sample t-test and Man-Whitney, it was found that there was no significant difference between the Return and Risk of Islamic stocks and conventional stocks. The results of macroeconomic influence research show that the fed interest rate and covid-19 have a positive and significant effect on stock returns. While exchange rates and inflation have a negative effect on stock returns. Keyword: Conventional Shares, Covid-19, Exchange Rate, Inflation, Interest Rates, Return, Risk, Sharia Shares
Pengaruh Literasi Keuangan, Religiusitas, Promosi, dan Persepsi terhadap Minat Menabung di Bank Syariah (Studi pada Mahasiswa Jurusan Ekonomi Syariah di Universitas Kota Serang) Rani Mahira; Tenny Badina; Mohamad Ainun Najib
Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah Vol 9 No 5 (2024)
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/jms.v9i5.24561

Abstract

Abstrak Penelitian ini bertujuan untuk menguji secara empiris pengaruh liteasi keuangan, religiusitas, promosi, dan pesepsi terhadap minat menabung di bank syariah oleh para mahasiwa jurusan Ekonomi Syariah di Kota Serang. Masalah ini ada karena melihat dari persoalan bank syariah yang telah mengalami kenaikan pada total asetnya yang membuktikan bahwa bank syariah sudah memiliki banyak nasabah, namun ini masih tertinggal dengan total aset bank umum konvensional. Pengumpulan data dilakukan dengan menyebar kuesioner kepada populasi penelitian ini yaitu mahasiswa jurusan Ekonomi Syariah di 3 universitas Kota Serang, yaitu Universitas Sultan Ageng Tirtayasa, UIN Sultan Maulana Hasanuddin, dan Universitas Serang Raya. Temuan hasil penelitian menyatakan variable Literasi Keuangan (X1) dan Religiusitas (X2) tidak berpengaruh terhadap minat menabung (Y), sedangkan variable Promosi (X3) dan Persepsi (X4) memiliki pengaruh positif dan signifikan terhadap minat menabung (Y) di Bank Syariah. Hasil pengujian secara simultan menunjukkan bahwa variable Literasi Keuangan (X1), Religiusitas (X2), Promosi (X3), dan Persepsi (X4) berpengaruh positif dan signifikan terhadap Minat Menabung (Y). Kata kunci: Bank Syariah, Literasi keuangan, Religiusitas, Promosi, Persepsi Abstract This research aims to empirically test the influence of financial literacy, religiosity, promotion and perception on interest in saving in Islamic banks by students majoring in Sharia Economics in Serang City. This problem exists because looking at the problem of sharia banks which have experienced an increase in their total assets, which proves that sharia banks already have many customers, but this is still behind the total assets of conventional commercial banks. Data collection was carried out by distributing questionnaires to the research population, namely students majoring in Sharia Economics at 3 universities in Serang City, namely Sultan Ageng Tirtayasa University, UIN Sultan Maulana Hasanuddin, and Serang Raya University. The research findings state that the variables Financial Literacy (X1) and Religiosity (X2) have no effect on interest in saving (Y), while the variables Promotion (X3) and Perception (X4) have a positive and significant influence on interest in saving (Y) in Sharia Banks. Simultaneous test results show that the variables Financial Literacy (X1), Religiosity (X2), Promotion (X3), and Perception (X4) have a positive and significant effect on Interest in Saving (Y). Keywords: Sharia Bank, Financial literacy, Religiosity, Promotion, Perception
Pengaruh Faktor Internal Bank dan Makroekonomi terhadap Bank Perekonomian Rakyat Syariah di Indonesia Nurul Hidayati; Tenny Badina; Ahmad Fatoni
Jurnal Masharif al-Syariah: Jurnal Ekonomi dan Perbankan Syariah Vol 10 No 1 (2025)
Publisher : Universitas Muhammadiyah Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30651/jms.v10i1.24933

Abstract

Penelitian ini bertujuan untuk menjelaskan pengaruh faktor internal bank dan makroekonomi terhadap stabilitas Bank Perekonomian Rakyat Syariah di Indonesia periode 2018 – 2023. Data yang digunakan dalam penelitian ini merupakan data time series bulanan periode 2018 – 2023 yang didapatkan dari sumber data sekunder, yaitu laporan bulanan statistik perbankan syariah pada Bank Perekonomian Rakyat Syariah (BPRS). Teknik analisis pada penelitian ini dilakukan dengan bantuan software Microsoft Excel dan Eviews 9.0 melalui analisis regresi Time Series dan Uji Eror Correction Model (ECM). Adapun hasil penelitian ini menunjukkan bahwa secara parsial Equity to Asset Ratio dan Return On Equity dalam jangka panjang maupun pendek berpengaruh positif terhadap stabilitas BPRS, Non Performing Financing dalam jangka pendek maupun jangka panjang tidak berpengaruh terhadap stabilitas BPRS, Ukuran bank dalam jangka pendek tidak berpengaruh terhadap stabilitas BPRS, sedangkan dalam jangka panjang ukuran bank berpengaruh negatif terhadap stabilitas BPRS, Inflasi dan BI Rate dalam jangka pendek tidak berpengaruh terhadap stabilitas BPRS, akan tetapi dalam jangka panjang Inflasi dan BI Rate berpengaruh positif terhadap stabilitas BPRS. Sementara itu, secara simultan Equity to Asset Ratio, Non Performing Financing, Ukuran bank, Return On Equity, Inflasi dan BI Rate berpengaruh terhadap stabilitas BPRS.
The Impact of Financing Restructuring Policy on Financial Performance and Islamic MSME Financing during Covid-19: A Study of Indonesian Islamic Commercial Banks Safira , Zahra; Badina, Tenny; Pardiansyah, Elif
Iqtishodia: Jurnal Ekonomi Syariah Vol. 9 No. 2 (2024): September
Publisher : Universitas Al-Qolam Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35897/iqtishodia.v9i2.1352

Abstract

The purpose of this study was to determine the differences in Return on Assets (ROA), Non-Performing Financing (NPF), Capital Adequacy Ratio (CAR), Financing to Deposit Ratio (FDR), and Operating Expenses to Operating Income (BOPO), as well as Islamic MSME Financing at Islamic commercial banks in Indonesia before and after the implementation of the financing restructuring policy during the Covid-19 period. The research method used to analyze is a comparative method with a quantitative approach calculated using the Paired sample t-test if the data is normally distributed and the Wilcoxon signed rank test if the data is not normally distributed which is carried out using IBM SPSS 25 software. The results showed that there were significant differences in financial performance as seen in the ratios of ROA, NPF, CAR, FDR, and BOPO before and after the implementation of the financing restructuring policy during the Covid-19 period. Meanwhile, Islamic MSME financing has no difference before and after the implementation of the financing restructuring policy during the Covid-19 period. Overall, the restructuring policy has a positive impact on the financial health of Islamic Commercial Banks, while maintaining stable support for Islamic MSME financing in Indonesia.
The Influence of Financing, Service-Based Income, and Internal Factors on Net Operating Margin in Islamic Commercial Banks Raden Marsha Ananda Putri; Tenny Badina; Ahmad Fatoni
Mutanaqishah: Journal of Islamic Banking Vol. 4 No. 1 (2024): June 2024
Publisher : Department of Islamic Banking

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54045/mutanaqishah.v4i1.1559

Abstract

This study examines the impact of the Financing to Deposit Ratio (FDR), Fee-Based Income (FBI), Operating Expenses to Operating Income (BOPO), and Non-Performing Financing (NPF) on the Net Operating Margin (NOM) of Islamic Commercial Banks (BUS) in Indonesia from 2017-2023. Amid concerns about the sustainability of Islamic banks due to excessive reliance on FBI rather than financing (FDR). Panel data from secondary data Islamic Commercial Banks (BUS) financial statements and the Financial Services Authority (OJK) with Eviews 12. The results show that an increase in FDR positively affects profitability (NOM), while excessive reliance on FBI significantly negatively impacts profitability (NOM). BOPO also has a significant negative impact on profitability (NOM), whereas Non-Performing Financing (NPF) does not significantly affect profitability (NOM). These findings suggest that Islamic Commercial Banks should optimize FDR and BOPO, carefully manage dependence on FBI, and diversify income and risk strategies to enhance profitability.
DETERMINANT FACTORS STOCK PRICE ON SHARIA SHARE PRICE AT COVID-19 PANDEMIC ERA Lukiawati, Windi; Badina, Tenny; Fatoni, Ahmad
Management Science Research Journal Vol. 2 No. 3 (2023): August 2023
Publisher : PT Larva Wijaya Penerbit

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56548/msr.v2i3.68

Abstract

This study aims to explain the effect of determinant factors of stock price are Earning Per Share, Current Ratio, Inflation, and Exchange Rates, whether there were differences in Stock Prices before and during the Covid-19 Pandemic era. The population of this study is Healthcare sector companies listed on the Indonesian Sharia Stock Index (ISSI) for the period 2018 – 2021. The data used in this research is panel data from 14 selected sample companies, with a total sample of 22 companies. The results of the study show that the determinant factors of stock price are earning per share has a significant positive effect on stock prices; while Current Ratio, Inflation, and Rupiah Exchange Rates have no significant effect on Share Prices; and then, there are differences in Stock Prices before and during the Covid-19 Pandemic
Comparative Analysis of the Performance of Cryptocurrency Bitcoin, Sharia Stocks, and Gold as Investment Alternative Riniawati , Riniawati; Fatoni, Ahmad; Badina, Tenny
Dirham: Journal of Sharia Finance and Economics Vol. 1 No. 2 (2025): July
Publisher : Goodwood Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35912/josfe.v1i2.3811

Abstract

Purpose: This study aims to analyze and compare the performance of Bitcoin, JII (Jakarta Islamic Index) stocks, and ANTAM gold as investment alternatives from 2019 to 2023. Methodology/approach: A quantitative approach with a comparative method was used, utilizing secondary time series data. Monthly closing prices of Bitcoin, JII stocks, and ANTAM gold from 2019-2023 were analyzed. The study used saturated sampling with 180 data points. Parametric (One-Way ANOVA) and non-parametric (Kruskal-Wallis) tests were applied, depending on data normality and homogeneity. Results/findings: The study found no significant difference in returns between Bitcoin, JII stocks, and ANTAM gold (p = 0.412 > 0.05). However, a significant difference was observed in risk levels (p = 0.00 < 0.05), with Bitcoin being the riskiest. Performance analysis via the Sharpe and Treynor indices showed Bitcoin as the best-performing instrument, followed by gold and JII stocks. The Jensen index revealed no significant difference in performance, with JII stocks slightly outperforming the others. Conclusions: Bitcoin offers the highest return but carries the highest risk. JII stocks and gold show lower risk but also lower returns. Bitcoin outperforms other instruments in performance based on Sharpe and Treynor indices, while JII stocks are slightly better when using the Jensen index. Limitations: The study focused only on JII-listed Islamic stocks, and data were limited to the 2019-2023 period. Contribution: This research provides insights for investors, particularly Muslim investors, on the comparative performance of these investment options.