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RISK MANAGEMENT ANALYSIS OF CASH WAQF: CASE STUDY OF BMT WAKAF YAYASAN INVESTA CENDEKIA AMANAH JAKARTA Alamsyah Muslaen Pawelangi; Rahma Yudi Astuti
Islamic Business and Management Journal Vol. 1 No. 1 (2018): IBMJ | June
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/ibmj.v1i1.2259

Abstract

Currently waqf is not just immobile objects that are musholla, mosque, school, orphanage, and grave. However, there are also waqf managed productively such as money waqf. the institution that manages the cash waqf is called nazhir. Institutions that wish to manage the cash waqf must obtain permission from the Indonesian Waqf Board (BHI). Therefore, BMT Wakaf Yayasan Investa Cendekia Amanah is trusted by BWI to manage cash waqf. So in its management, BMT must manage risk well. Risk has become a common thing caused by the existence of uncertainty and has been regarded as sunnatullah life. The purpose of this study is to determine and analyze the risks of what is contained in Islamic micro finance institutions such as BMT. In addition, to find out how to manage the risk of cash waqf during which it is used to invest the principal of the waqf funds. The method used in this study is a qualitative method using three different techniques of interview, documentation, and participatory observation. sources of information taken in this study include the Chairman of Board and treasurer in the form of interviews, documentation data, and observation results in the field. Findings in the field indicate that BMT Wakaf Yayasan Investa Cendekia Amanah has not fully manage the risk of cash waqf funds well so that the financing has stalled. especially in murabahah and ijarah financing, which is followed by the use of large funds of cash waqf, causing loss and loss of the cash waqf substance. Therefore, BMT Wakaf Yayasan Investa Cendekia Amanah must improve the ideal management capacity in managing risk including prudential principles in providing financing to customers, and need cooperation with insurance institutions to cover cash waqf loss.Keywords: Cash waqf, nazhir, Risk management.
The Effect of Liquidity, Solvability and Profitability Ratios on Disclosure of Islamic Social Reporting In Indonesian Islamic Banking During The Period 2015-2017 Ahmad Romli; Rahma Yudi Astuti
Islamic Business and Management Journal Vol. 2 No. 2 (2019): IBMJ | December
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/ibmj.v2i2.3177

Abstract

Abstract: An Increase of Islamic Banking in Indonesia is very significant but its development needs to be dominated well. So Islamic economy in future can be recognized by the community and the world. First, the need for better applicability to indicate the system used is in accordance with the Islamic Shari'a system. It’s because other Islamic banking uses an annual report in accordance with the Global Reporting Initiative conventional.This study aimed to determine the effect of Islamic Social Reporting that will be associated premises in various financial ratios such as liquidity, solvability, and profitability ratios. The method used was multiple linear regression with the classical assumption. The data used were secondary data time series during 2015-2017 obtained from the annual reports of Islamic banks with sample of 12 Islamic Banks. Data processing was performed using the IBM SPSS calculation tool 25.The result data processing showed that the Islamic social reporting did  support in individual variable and had an effect simultaneously. However, there were indicators that affected in variable and had good effects in.Keywords: Islamic Social Reporting, Liquidity Ratios, Solvability Ratios, and Profitability Ratios.
FINANCIAL PERFORMANCE AND MARKET VALUE ADDED EFFECT ON STOCK PRICES AT INFRASTRUCTURE, UTILITIES AND TRANSPORTATION COMPANIES REGISTERED IN THE SHARIA SECURITIES LIST FOR THE PERIOD OF 2016-2018 Riska Alwiyati; Rahma Yudi Astuti
Islamic Business and Management Journal Vol. 3 No. 2 (2020): IBMJ | December
Publisher : University of Darussalam Gontor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21111/ibmj.v3i2.4015

Abstract

ABSTRACTSharia stocks in Indonesia have increased, by observing its development from sharia capital market statistics. Sharia shares increased by 27%, with a market capitalization value of the Indonesia Stock Exchange (IDX) of Rp 3,666,688.31. The increase of sharia stock is due to the large number of companies that have high share value. One of the companies, is infrastructure, utilities and transportation companies, which contributed to 15.17% in increasing sharia stock. Stock prices is present value of cash flows to be received by shareholders in the future. The purpose of this study is to analyze the effect of financial performance and market value added on stock prices. This type of research is quantitative. The data analysis technique of this study uses panel data regression because it uses cross section and time series data. The sample used in this study selected 19 companies from infrastructure, utilities and transportation companies that were registered in the sharia securities list during the 2016-2018 period. The results of this study showed market value added have no significant positive effect on stock prices. It means that the company did not succeed in increasing the value of capital invested by investors. Otherwise, financial performance has an influence on stock prices with earning per share results have a significant positive effect on stock prices. It means the company's management has succeeded in generating profits for shareholders and earning per share have effect on stock prices.