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Journal : Jurnal Ilmiah Ekonomi Islam

Prediksi Financial Distress Pada Perusahaan Perkebunan Kelapa Sawit Berbasis Syariah Di Indonesia TITIK INAYATI; SARAH YULIARINI
Jurnal Ilmiah Ekonomi Islam Vol 8, No 2 (2022): JIEI
Publisher : ITB AAS INDONESIA Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jiei.v8i2.5282

Abstract

This study aimed to determine the Financial Distress of Sharia-based oil palm plantation companies in Indonesia. The population of this research is oil palm plantation companies whose data are contained in the Indonesian stock exchange, while the research sample uses the criteria of sharia-based oil palm plantation companies. This company is managed according to sharia and developing its capital in cooperation with sharia banking. The number of research samples is 7 palm oil companies. The data was taken in the 2014-201 period on the Indonesia Stock Exchange. Financial distress using the Altman formula with Z-Score = 3.25+6.56X1 +3.26X2 +6.72X3 + 1.05X4.The results showed (1) Astra Agro Lestari, Tbk (AALI), (2) Austindo Nusantara Jaya (ANNJ) (3) Perkebunan Tinggi Elang, Tbk (BWPT), (4) PP London Sumatra Indonesia, Tbk (LSIP), ( 5) Sampoerna Agro, Tbk (SGRO), (6) Salim Ivomas Pratama, Tbk (SIMP), (7) Sawit Sumbermas Sarana, Tbk (SSMS) in the safe category from bankruptcy. The Palm Oil Company Sumbermas Sarana, Tbk (SSMS) with the average Z-Score calculation shows several 5.8 > 2.60, describing the condition of the company in the safest category from bankruptcy compared to other companies.
Bahasa Inggris: Bahasainggris INAYATI, TITIK
Jurnal Ilmiah Ekonomi Islam Vol. 11 No. 05 (2025): JIEI : Vol. 11, No. 05, 2025
Publisher : ITB AAS INDONESIA Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

BMT Usaha Gabungan Terpadu Sidogiri, as a sharia microfinance institution, has uniqueness and different characteristics because it has a background as an Islamic boarding school. This study aims to empirically determine: 1) How is the performance of the BMT Usaha Gabungan Terpadu from the perspective of maqashid sharia?, (2) What is the performance model of the BMT Usaha Gabungan Terpadu from the perspective of maqashid sharia? This study uses a qualitative method with an emphasis on what is expressed, understood, and felt through the statements and interpretations of informants. The results of this study indicate (1) The performance of BMT Usaha Gabungan Terpadu Sidogiri meets the perspective of maqashid sharia, namely the existence of family welfare felt by the community has met the five aspects of maqashid sharia, (2) The research model of the performance of BMT Usaha Gabungan Terpadu Sidogiri shows different characteristics from other sharia financial institutions. Performance from the perspective of maqashid sharia is not seen from its ability to generate profits, but the benefits felt by members and the surrounding community in improving their welfare.