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All Journal Jurnal Hukum Ekonomi Syariah Al-Iftah: Journal of Islamic studies and society Economos : Jurnal Ekonomi dan Bisnis
Andi Ayu Frihatni
Institut Agama Islam Negeri Parepare
Religion Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Social Sciences

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The THE EFFECT OF PROFITABILITY AND SOLVENCY ON FIRM VALUE IN ISLAMIC BANKS IN INDONESIA Halfiah Rustamin; Syahriyah Semaun; Damirah Damirah; Muliati Muliati; Andi Ayu Frihatni
Economos : Jurnal Ekonomi dan Bisnis Vol. 9 No. 1 (2026): ECONOMOS : Jurnal Ekonomi dan Bisnis
Publisher : Fakultas Ekonomi dan Bisnis Universitas Muhammadiyah Parepare

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31850/economos.v9i1.4237

Abstract

Abstract This study aims to analyze the effect of profitability and solvency on firm value in Islamic banks in Indonesia. Firm value reflects investors’ perceptions of a company’s performance and future prospects, making it an important indicator in investment decision-making. This study employs a quantitative approach using secondary data obtained from the financial statements of Islamic banks in Indonesia. Multiple linear regression analysis is applied to examine the effect of profitability and solvency, both partially and simultaneously, on firm value. The results show that profitability has a significant effect on firm value, indicating that the ability of Islamic banks to generate profits plays an important role in increasing investor confidence. Meanwhile, solvency also has a significant effect on firm value, suggesting that the banks’ ability to meet their financial obligations is a key consideration in firm valuation. Simultaneously, profitability and solvency have a significant effect on firm value in Islamic banks in Indonesia. These findings are expected to contribute to the development of Islamic banking financial studies and to serve as a reference for management and investors in making informed decisions. Keywords : Profitability, Solvency, Firm Value, Islamic Banks.
Strengthening Islamic Financial Inclusion Through Sharia Fintech: Implications for MSME Development in Parepare City, Indonesia Syamsul Ma'arif; Muzdalifah Muhammadun; Syahriyah Semaun; Andi Bahri S.; Andi Ayu Frihatni
Jurnal Hukum Ekonomi Syariah Vol. 10 No. 1 (2026): Juni 2026
Publisher : Universitas Muhammadiyah Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26618/s7kvd473

Abstract

The rapid growth of Sharia financial technology (fintech) has created significant opportunities to enhance Islamic financial inclusion and support the development of micro, small, and medium enterprises (MSMEs). However, empirical evidence regarding the mechanisms through which Sharia fintech influences MSME development remains limited, particularly in regional contexts in Indonesia. This study examines the mediating role of Islamic financial inclusion in the relationship between Sharia fintech services and MSME development. Using a quantitative approach, data were collected from 100 MSME owners in Parepare City, South Sulawesi, Indonesia, and analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM). The results indicate that Sharia fintech has a positive and significant effect on Islamic financial inclusion and MSME development. Islamic financial inclusion also positively influences MSME development. Furthermore, Islamic financial inclusion partially mediates the relationship between Sharia fintech and MSME development, suggesting that the benefits of fintech adoption are strengthened through broader access to Sharia-compliant financial services. The structural model explains 50.1% of the variance in MSME development. These findings underscore the strategic role of Sharia fintech in fostering an inclusive Islamic financial ecosystem and promoting sustainable MSME growth. While the findings provide valuable insights into Islamic digital finance, they are based on MSMEs operating in Parepare City and should therefore be interpreted within this local context. This study contributes to the literature on Islamic digital finance by providing empirical evidence on the mediating role of Islamic financial inclusion and offers practical implications for policymakers, Islamic financial institutions, and fintech providers.
The Influence of Motivation and Digital Literacy on Entrepreneurial Interest: A Study of IAIN Parepare Alumni Shonia Moons; Islamul Haq; Syahriyah Semaun; Muzdalifah Muhammadun; Andi Ayu Frihatni
Al-Iftah: Journal of Islamic studies and society Vol. 7 No. 1 (2026): Al-Iftah: Journal of Islamic studies and society
Publisher : IAIN Parepare

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35905/aliftah.v7i1.17337

Abstract

This study aims to empirically examine the partial and simultaneous effects of motivation and digital literacy on the entrepreneurial interest of alumni from the State Islamic Institute (IAIN) Parepare. Employing a quantitative method with a causal explanatory approach, research data were systematically gathered via structured questionnaires from a purposive sample of 80 alumni. The collected data were analyzed using multiple linear regression, partial t-tests, simultaneous F-tests, Pearson correlation, and a one-sample t-test. The empirical results demonstrate that motivation and digital literacy simultaneously exert a positive and highly significant effect on entrepreneurial interest, explaining 78.1% of the total variance (R Square = 0.781). Partially, motivation which integrates the psychological need for achievement with the theological foundation of the Islamic work ethic significantly drives entrepreneurial intentions (sig. 0.000; coefficient 0.388). Similarly, digital literacy acts as a crucial pre-business catalyst, significantly boosting entrepreneurial interest (sig. 0.001; coefficient 0.397) by enabling alumni to validate market opportunities and lower perceived risks of business failure. However, the one-sample t-test critically reveals that the actual mean scores for both motivation and digital literacy among alumni are statistically and significantly below the expected standard target value of 70 (mean differences of -13.263 and -25.338 respectively; sig. 0.000). This empirical gap directly explains the currently low absorption rate of graduates into the self-employed sector (only 8% according to tracer study data). Based on these findings, it is highly recommended that higher education institutions systematically intervene by integrating practical digital entrepreneurship competencies into the core academic curriculum. Furthermore, establishing dedicated post-campus business incubation programs is essential to proactively elevate the foundational motivation and technical capacities of graduates, effectively transforming their latent entrepreneurial intentions into successful, sustainable actualized business ventures
Co-Authors Andi Bahri S. Damirah Damirah Halfiah Rustamin Islamul Haq Muliati Muzdalifah Muhammadun Shonia Moons Syahriyah Semaun Syamsul Ma'arif