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Revisiting the Role of Institutional Ownership in Sharia-Compliant Stock Performance: Evidence from the Jakarta Islamic Index (2020–2023) Taufik, M. Iman; Dwiastuti, Ninuk; Lala, Lala
El-kahfi | Jurnal Ekonomi Islam Vol 6 No 01 (2025): "Islamic Economic Transformation in the Digital Era: Innovation, Inclusivity, an
Publisher : Sekolah Tinggi Ekonomi Syariah Manna Wa Salwa

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.58958/elkahfi.v6i01.455

Abstract

This study examines the effect of institutional ownership on the performance of Sharia-compliant stocks listed on the Jakarta Islamic Index (JII) during the period 2020–2023. Using a quantitative research approach with an ex post facto design, this study analyzes secondary data from 16 companies that consistently appeared in the JII for four consecutive years. The stock performance was measured using annual log-returns, while institutional ownership was calculated as the percentage of shares held by institutional investors. The data were analyzed using simple linear regression after fulfilling classical assumption tests, including normality, linearity, and heteroscedasticity tests. The results show that institutional ownership has a negative but statistically insignificant effect on Sharia stock returns, explaining only 3.4% of the variation. These findings imply that institutional ownership is not a dominant factor influencing the performance of Sharia stocks in Indonesia, particularly during periods of market volatility. Instead, factors such as Sharia governance quality, ethical compliance, and sector-specific risks may play a more important role. This study contributes to the literature on Islamic capital markets by offering empirical evidence that conventional ownership-performance models may have limited applicability in Sharia contexts and encourages future research to consider alternative explanatory variables grounded in Islamic principles
Pelatihan penguatan ekonomi pesantren melalui pemberdayaan usaha santri di Pondok Pesantren Darul Fikri Kabupaten Kubu Raya Supriaman; Agustiar, Memet; Luthfi, Faishol; Taufik, M. Iman; Arminingsih, Diah
Penamas: Journal of Community Service Vol. 5 No. 4 (2025): Penamas: Journal of Community Service
Publisher : Nur Science Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.53088/penamas.v5i4.2269

Abstract

Islamic boarding schools play a strategic role in producing a generation that is not only outstanding in religious aspects but also economically independent. However, many Islamic boarding schools still face limitations in optimally managing their economic potential. Therefore, this activity aims to enhance students' capabilities in entrepreneurship and business management. This initiative is designed as a training programme focused on creative and digital economy-based entrepreneurship, business management, and the optimisation of pesantren resources. The methods employed include theoretical training, hands-on practice, and ongoing mentoring to enable students to develop and manage businesses independently. This training creates a sustainable business ecosystem within the boarding school, enhances students' entrepreneurial skills, and increases the number of productive business units that can serve as income sources for the boarding school. Through this training, positive impacts are generated, including the enhancement of students' entrepreneurial knowledge and the management of Darul Fikri Islamic Boarding School, enabling the school to become a model of an economically independent boarding school and to contribute positively to the surrounding community.
OPTIMALISASI PEMBIAYAAN MIKRO SYARIAH: STRATEGI PEMBERDAYAAN TABUNG BAITULMAL SARAWAK MALAYSIA DALAM PENGEMBANGAN UMKM Arminingsih, Diah; Bustami, Bustami; Amalia, Sisi; Luthfi, Faishol; Taufik, M. Iman; Supriaman, Supriaman; Liana, Intan
Community Development Journal : Jurnal Pengabdian Masyarakat Vol. 5 No. 2 (2024): Volume 5 No. 2 Tahun 2024
Publisher : Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/cdj.v5i2.26332

Abstract

Pembiayaan mikro syariah menjadi perhatian utama dalam mengakselerasi pertumbuhan Usaha Mikro, Kecil, dan Menengah (UMKM) sebagai pendorong ekonomi lokal. Kegiatan ini bertujuan untuk mengeksplorasi dan mengusulkan strategi optimalisasi pembiayaan mikro syariah pada Tabung Baitulmal Sarawak Malaysia untuk mendukung pengembangan UMKM. Studi ini akan menggunakan pendekatan observasi dan FGD (Forum Group Discussion) dengan instansi terkait. Hasil Kegiatan menjelaskan bahwa Tabung Baitulmal Sarawak Malaysia (TBS) telah berkembang dengan pesat. Pembiayaan yang dilakukan kepada UMKM terlaksana dengan sangat baik tetapi kemajuan tersebut merupakan suatu langkah awal. TBS dapat mencapai cakupan yang lebih luas melalui pemberdayaan UMKM di negara lain.
PENGEMBANGAN USAHA MELALUI MANAJEMEN KEUANGAN SYARIAH PADA MUSTAHIK DOMPET UMMAT KALIMANTAN BARAT Arminingsih, Diah; Luthfi, Faishol; Taufik, M. Iman; Mubaraq, Abd.; A, Aya Sofia
Community Development Journal : Jurnal Pengabdian Masyarakat Vol. 5 No. 3 (2024): Volume 5 No. 3 Tahun 2024
Publisher : Universitas Pahlawan Tuanku Tambusai

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31004/cdj.v5i3.28353

Abstract

Pengembangan usaha merupakan kendala dari para mustahik yang berada di bawah naungan Dompet Ummat Provinsi Kalimantan Barat. Lebih teknisnya, permasalahan mitra adalah minimnya kemampuan mustahik dalam menggunakan gawai atau perangkat berbasis teknologi. Selain itu, pengetahuan mengenai manajemen keuangan juga merupakan kendala dari para mustahik binaan Dompet Ummat. Tujuan dari kegiatan ini adalah pelatihan penggunaan perangkat teknologi digital untuk pengembangan usaha terhadap para mustahik binaan Dompet Ummat dan peningkatan literasi manajemen keuangan syariah guna pengembangan usaha berbasis prinsip-prinsip Islam. Metode yang digunakan yaitu pendekatan partisipatif dan instruksional serta penyuluhan, praktek dan pendampingan. Hasil menunjukkan bahwa telah terjadi peningkatan pemahaman para peserta mengenai manajemen keuangan syariah sebagai dampak dari kegiatan.