Article Per Year (5 Year)
p-Index From 2021 - 2026
0.444
P-Index
This Author published in this journals
All Journal Global Review of Islamic Economics and Business Journal of Finance and Islamic Banking
Ishak
Universitas Gadjah Mada
Religion Economics, Econometrics & Finance Social Sciences

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The Alternative Rasio as Early Warning System Ratio to Examined Sharia Life Insurance Companies in Indonesia Sunarsih; Dinik Fitri Rahajeng; Endang Suhari; Ishak
Journal of Finance and Islamic Banking Vol. 5 No. 1 (2022)
Publisher : Universitas Islam Negeri Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/jfib.v5i1.4479

Abstract

The purpose of this study is to analyze how the ratio of the claims expense ratio, liquidity ratio, premium growth, and management cost ratio which is the ratio of the Early Warning System to the financial performance of sharia life insurance companies. Using panel data regression, the results of this study are the ratio of claim load and management cost ratio affects the performance of Sharia life insurance companies. Meanwhile, the liquidity ratio, premium growth ratio, and two variable controls in this study, namely inflation and the gross domestic product, did not affect the performance of sharia insurance companies. The implication of this study is expected to provide additional insight for managers in making policies related to the performance of Islamic life insurance. And it can be used by investors in considering their investment policies. In the literature, this study can add to the literature on the performance of Islamic life insurance.
Green Products and Shariah-Compliant Firms in Indonesia & Malaysia: The Role of Board Gender Diversity Ishak; Frifalia Fresinta Fresinta
Global Review of Islamic Economics and Business Vol. 12 No. 1 (2024)
Publisher : Faculty of Islamic Economics and Business, State Islamic University Sunan Kalijaga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14421/grieb.2024.121-03

Abstract

The issue of sustainable development is one of the most critical issues globally, covering almost all human activities. The design of sustainable development was developed by the United Nations (UN) in 2015, and 17 goals are targeted to be achieved by 2030. If grouped, the 17 goals are divided into three issues, including environmental, social, and governance issues. This study aims to analyze the effect of green-labeled products on firm performance and risk. It focuses on Shariah-compliant firms by adding a moderation analysis of gender diversity in the firm's board structure. The scope of this study is companies in Indonesia and Malaysia. This study examined 130 companies from various industries from the period 2014-2022, employing a panel data approach. Utilizing Generalized Least Squares (GLS) regression for panel data estimation, the finding indicated that green products positively affect firm performance proxied by ROA and ROE. Furthermore, our findings indicated that green products positively affect ZSCORE, suggesting a lower firm risk. The presence of female board members was observed to have a negative effect on risk. The findings of this study provide new insights into companies' implementation of green products. They are expected to be taken into consideration in decision-making for companies and regulators.
Co-Authors Dinik Fitri Rahajeng Pangestuti Endang Suhari Frifalia Fresinta Fresinta Sunarsih