Syurmita Syurmita
Universitas Al-Azhar Indonesia

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Apakah Leverage Keuangan Berpengaruh Terhadap Profitabilitas Perusahaan Di Jii70? Syahfitri Suryaningsi Welkom; Syurmita Syurmita; Allysa Azzarah Welkom
Indo-Fintech Intellectuals: Journal of Economics and Business Vol. 4 No. 5 (2024): Indo-Fintech Intellectuals: Journal of Economics and Business (in-Press)
Publisher : Lembaga Intelektual Muda (LIM) Maluku

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54373/ifijeb.v4i5.2157

Abstract

Pasar saham syariah semakin berkembang pesat, namun kinerjanya mengalami penurunan selama beberapa kali dalam lima tahun terakhir. Investor tentu harus berhati-hati dalam berinvestasi di pasar ini, terutama perlu untuk memperhatikan tingkat penggunaan leverage keuangan. Dampak penggunaan leverage keuangan (tingkat penggunaan utang) bisa sekaligus meningkatkan dan juga menurunkan kinerja perusahaan sehingga perusahaan harus berhati-hati dalam menggunakannya. Tujuan penelitian ini adalah menganalisis pengaruh leverage keuangan terhadap profitabilitas perusahaan yang terdaftar di JII70. Metode penelitian yang digunakan adalah penelitian kuantitatif. Metode analisisnya adalah regresi data panel dinamis, dengan teknik System-GMM. Populasinya adalah perusahaan yang terdaftar di JII70 yang berjumlah 70 perusahaan. Sampel berjumlah 27 perusahaan, dengan metode pengambilan sampelnya adalah purposive sampling. Data diambil dari laporan keuangan perusahaan tahun 2019-2023. Hasil penelitian menunjukan bahwa leverage keuangan tidak memiliki pengaruh yang signifikan terhadap profitabilitas perusahaan. Baik variabel DFL, SDAR, maupun LDAR, ketiganya tidak memiliki pengaruh yang signifikan terhadap EPS.
Analysis of Cash Waqf Endowment Fund as a Sharia Investment in Indonesia and Saudi Arabia Asri Noer Rahmi; Syurmita Syurmita; Ade Wirman; Weni Hawariyuni; Heri Sudarsono
Islamiconomic : Jurnal Ekonomi Islam Vol 16, No 2 (2025)
Publisher : Universitas Islam Negeri Sultan Maulana Hasanuddin Banten

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.32678/ijei.v16i2.1351

Abstract

This study examines the role of cash waqf endowment funds as an Islamic investment instrument, with a comparative focus on LAZ Al-Azhar Indonesia and waqf institutions in Saudi Arabia. Cash waqf represents an innovative model of sustainable Islamic finance that integrates Sharia-compliant investment principles with broader socio-economic development objectives. This research aims to analyze the contribution of cash waqf investment funds to socio-economic outcomes, particularly income enhancement, healthcare improvement, and educational development. While also assessing their financial sustainability. Using a qualitative-descriptive and comparative approach based on financial reports and institutional data from 2022 to 2024, the findings indicate a significant increase in the implementation of productive waqf during the observed period. The results demonstrate that cash waqf funds have contributed positively to social welfare indicators, including poverty alleviation, hunger reduction, improved access to education, and the promotion of decent work opportunities. Furthermore, the integration of digital financial technology has enhanced efficiency and transparency in the collection and management of cash waqf, while simultaneously lowering entry barriers for waqif participation. The study also finds that the financial management of cash waqf institutions, particularly LAZ Al-Azhar Indonesia, reflects a high level of transparency and accountability, thereby strengthening institutional trust and sustainability. These findings highlight the strategic potential of cash waqf as a viable instrument for advancing inclusive and sustainable development within the framework of Islamic economics.