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All Journal Al-Iqtishad : Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics) Al-Mashrof: Islamic Banking and Finance
Sidik, Sofwan
Unknown Affiliation
Religion Economics, Econometrics & Finance Social Sciences

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Independent Commisioners And Sharia Supervisory Board On Sustainable Finance On Indonesian Islamic Comersial Banks Rosilawati, Weny; Sidik, Sofwan
Al-Mashrof: Islamic Banking and Finance Vol. 5 No. 2 (2024): Al-Mashrof: Islamic Banking and Finance
Publisher : Universitas Islam Negeri Raden Intan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/al-mashrof.v5i2.24789

Abstract

This study aims to analyze the effect of independent commissioners, and the sharia supervisory board on the implementation of Sustainable Finance at Islamic commercial banks in Indonesia. This study uses secondary data taken from annual reports and sustainability reports of Islamic commercial banks in Indonesia during a certain period. The data analysis technique used is multiple linear regression with classical assumption test to ensure the validity of the model. The results showed that of the two variables tested, only the independent commissioner had a significant influence on the implementation of Sustainable Finance. The sharia supervisory board variable did not show a significant influence on Sustainable Finance. This finding suggests that the presence of independent commissioners in the board structure of Islamic banks plays an important role in encouraging the implementation of Sustainable Finance. The implications of this study provide input for regulators and Islamic banks to increase the role of independent commissioners as a strategic step in strengthening their commitment to Sustainable Finance.
Determinants of Profitability of Islamic Stocks: The Case of Jakarta Islamic Index (JII) Sidik, Sofwan; Musthofa, Muhammad Wakhid
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol. 15 No. 2 (2023)
Publisher : UNIVERSITAS ISLAM NEGERI SYARIF HIDAYATULLAH JAKARTA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v15i2.30894

Abstract

Abstract. This study aims to analyze the determinants of profitability of Islamic stocks using the case of Jakarta Islamic Index member companies in 2019-2023. The profitability as reflected in Rate of Return on Assets (ROA) of Jakarta Islamic Index (JII) member companies constantly fluctuates but, on average, decreases in 2023. It analyzes the influence of Total Asset Turnover (TATO), Net Profit Margin (NPM), Current Ratio (CR), and Debt Ratio (DR) on ROA. Secondary data obtained from the Indonesian Stock Exchange were analysed using the multiple linear regression method. It found that simultaneously, the independent variables of TATO, NPM, CR, and DR significantly affected the. Meanwhile, the TATO and NPM variables partially have a significant effect on ROA, while the CR and DR variables have no effect. To increase profitability, companies should maximize TATO and NPM while achieving asset efficiency, control costs, and manage debt wisely.  Abstrak. Penelitian ini bertujuan untuk menganalisis determinan profitabilitas saham syariah menggunakan studi kasus perusahaan anggota Jakarta Islamic Index tahun 2019-2023. Profitabilitas yang tercermin pada Rate of Return on Assets (ROA) perusahaan anggota Jakarta Islamic Index (JII) selalu berfluktuasi namun rata-rata mengalami penurunan pada 2023. Studi ini menganalisis pengaruh Total Asset Turnover (TATO), Net Profit Margin (NPM) ), Current Ratio (CR), dan Debt Ratio (DR) terhadap ROA. Data sekunder yang diperoleh dari Bursa Efek Indonesia dianalisis dengan menggunakan metode regresi linier berganda. Temuan menunjukkan bahwa secara simultan variabel independen TATO, NPM, CR, dan DR berpengaruh secara signifikan. Sedangkan variabel TATO dan NPM secara parsial berpengaruh signifikan terhadap ROA, sedangkan variabel CR dan DR tidak berpengaruh. Untuk meningkatkan profitabilitas, perusahaan sebaiknya memaksimalkan TATO dan NPM dengan tetap melakukan efisiensi aset, mengendalikan biaya, dan mengelola utang dengan bijak.
Co-Authors Muhammad Wakhid Musthofa Weny Rosilawati