Mighwar, Muhammad Al
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Green Human Resource Management in Islamic Finance: A Systematic Review of Sustainability Strategies in Indonesia Suherman, Usep Deden; Wirdyansyah, Danial Muhammad; Mighwar, Muhammad Al; Syaie, Akhmad Najibul Khairi
Economica: Jurnal Ekonomi Islam Vol. 16 No. 1 (2025)
Publisher : Fakultas Ekonomi dan Bisnis Islam UIN Walisongo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/economica.2025.16.1.25197

Abstract

This study investigates the implementation of Green Human Resource Management (GHRM) within Indonesia’s Islamic finance industry through a systematic literature review of 375 academic publications from 2015 to 2024. Existing research has largely centered on conventional financial institutions, offering limited insight into GHRM’s role in the Islamic finance context. The review reveals that GHRM practices—such as green recruitment, sustainability training, and eco-friendly incentives—not only improve operational efficiency but also align with Maqasid al-Shariah objectives. FinTech integration further enhances green initiatives by increasing transparency and access in Islamic financial services. Nonetheless, regulatory limitations and inconsistent institutional support hinder broader adoption. A key recommendation is the introduction of Green Employee Sukuk: Shariah-compliant instruments issued by financial institutions to fund employee-led sustainability programs. Returns are tied to the performance of green investments, incentivizing employee engagement while reinforcing organizational environmental commitments. Strengthening regulatory frameworks and leveraging FinTech innovations are crucial for optimizing GHRM’s impact on sustainability in Indonesia’s Islamic finance sector.
Fluctuation of Credit Risk and Company Size on Liquidity Gunardi, Gunardi; Najibul Khairi Syai, Akhmad; Sardor Umarovich, Kholdorov; Mighwar, Muhammad Al; Bandawaty, Euis; Kartikaningsih, Dewi
Journal of Islamic Economics and Business Vol. 4 No. 2 (2024): Journal of Islamic Economics and Business
Publisher : Fakultas Ekonomi dan Bisnis Islam

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/jieb.v4i2.45134

Abstract

This study aims to provide empirical evidence on the effect of credit risk and company size on liquidity in the banking sector. Liquidity is an important aspect in assessing a bank's financial performance because it reflects the institution's ability to meet short-term obligations and maintain operational continuity. This study focuses on Bank Mandiri, which consistently shows liquidity stability during the 2013–2023 period, even amidst various economic conditions. The research approach used is quantitative with a time series regression model. Secondary data is obtained from Bank Mandiri's audited annual financial statements. The dependent variable, namely liquidity, is measured using the Loan to Deposit Ratio (LDR); while the independent variables are credit risk measured by the Non-Performing Loan (NPL) ratio, and company size measured by the natural logarithm of total assets. To ensure the validity of the model, classical assumption tests such as normality, multicollinearity, heteroscedasticity, and autocorrelation are carried out. The results of the study show that credit risk and company size have a positive and significant effect on liquidity, both partially and simultaneously. This finding indicates that increasing credit risk encourages banks to strengthen liquidity reserves, and large-scale companies have wider access to funding. This result differs from several previous studies, indicating that institutional characteristics and risk management strategies can affect the direction and strength of the relationship between variables. This study contributes to the literature by presenting time-series evidence on the determinants of liquidity at one of the largest state-owned banks in Indonesia.