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Journal : eCo-Buss

The Influence of Good Corporate Governance, Maqashid Sharia, and Profitability on Company Value (Empirical Study of Sharia Commercial Banks in Indonesia) Nadiatul Muna; Muhammad Hafizh; Mukhlish M. Nur
eCo-Buss Vol. 7 No. 2 (2024): eCo-Buss
Publisher : Komunitas Dosen Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32877/eb.v7i2.1589

Abstract

  The aim of this research is to find out how investors in Indonesia view Sharia Commercial Banks. This is an important step in the capital investment process because it influences the level of trust and confidence investors have in the company. Investors will have more confidence in banks that adhere to sharia principles, including prohibiting usury and speculative practices, and have an active and transparent sharia supervisory board. Therefore, the importance of Maqashid Syariah, profitability, and good corporate governance to company value cannot be overstated. This approach employs a quantitative plan. As study samples, nine Islamic commercial banks were employed. Sharia Commercial Banks employ the ratio scale as one of their data collection tools. The Chow test, Hausman test, Lagrange multiplier test, Classical Assumption test, t test, F test, and Computed R2 test utilizing EViews 10 software all support the multiple linear regression analysis performed in this study. The study's findings demonstrate that, when taken together, profitability, maqashid sharia, and sound corporate governance significantly and favourably affect a company's worth. The results of the partial test also demonstrate that, whilst the profitability variable has a significant negative influence on company value, the Maqashid Syariah variable has a positive and negligible influence.
Analysis of Factors Affecting the Net Asset Value of Sharia Equity Mutual Funds Nurdiansyah Putri Purnamasari; Muhammad Hafizh
eCo-Buss Vol. 8 No. 1 (2025): eCo-Buss
Publisher : Komunitas Dosen Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32877/eb.v8i1.2574

Abstract

One type of collective investment vehicle that manages public monies for investment is a sharia stock mutual fund stocks that are in accordance with sharia law and avoid transactions that contain elements of usury, maisir, and gharar. This study aims to investigate how the money supply, inflation, gold prices, and age of mutual funds impact the performance of Indonesian mutual funds' net worths that invest in sharia stocks between 2019 and 2024. This study made use of secondary data study. The sample used in this study was 6 sharia stock mutual fund companies, using purposive sampling techniques and there was a population of 55 sharia stock mutual funds. Using Eviews 12 sv software, utilizing the panel data regression approach, was used to secondary data. The findings of the study indicate that the quantity of currency in use, the cost of gold, and the age of mutual funds all have a major influence on the value of net assets (NAV) of Indonesian Sharia Equity Mutual Funds, however inflation has no discernible effect on this number.
The Influence of Sharia Financial Literacy, Service Quality, Promotion, and Religiosity on Customer Decisions: A Case Study of BSI Lhokseumawe Baharuddin Ali Tanjung; Muhammad Hafizh
eCo-Buss Vol. 8 No. 2 (2025): eCo-Buss
Publisher : Komunitas Dosen Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32877/eb.v8i2.3130

Abstract

This study aims to analyze the influence of Islamic financial literacy, service quality, promotion, and religiosity on customer decisions to use Islamic banking products (a case study of BSI Lhokseumawe City). The research method used is a quantitative descriptive approach. The population of this study was 143,635 customers, with a sample of 100 customers using a purposive sampling formula. Research instruments with validity tests, reliability tests, classical assumption tests with normality tests, multicollinearity tests, and heteroscedasticity tests using IBM SPSS 27. The results of the study show that Islamic financial literacy has a positive and significant effect on decisions of (3.976 > from the t table of 1.985) sig.0.000 < 0.05.Service quality does not have a positive and significant effect on decisions (t count 1.389 < t table 1.985) sig. (0.168 > 0.05. Promotion has a positive and significant influence on customer decisions (t count 4.727 > t table 1.985), sig. (0.000 < 0.05). Religiosity has a positive and significant effect on decisions (t count 4.476 > t table 1.985), sig. 0.000 <0.05. Simultaneously, Islamic financial literacy, service quality, promotion, and religiosity have a positive and significant influence on decisions (F count 119.476 > F table 2.467), sig. 0.000 <0.05.