Claim Missing Document
Check
Articles

Found 2 Documents
Search

ANALISIS PENGELOLAAN SAHAM SYARIAH HIGH DIVIDEND SEBAGAI PORTOFOLIO WAKAF SAHAM Deryandri; Indra Indra
Tazkia Islamic Finance and Business Review Vol. 19 No. 2 (2025): TIFBR
Publisher : Faculty of Islamic Business and Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30993/tifbr.v19i2.454

Abstract

Indonesia with a Muslim majority inherently provides potential for the development and utilization of productive waqf as a financial instrument for social welfare and economic growth. Stock waqf is one of the productive waqf that is quite potential to be developed because it provides the potential for quite large profit sharing with minimal risk if placed in stocks that are fundamentally strong and liquid to maintain the sustainability of waqf assets in the long term. This study aims to analyze the returns and risks of sharia stock portfolios on IDX High Dividend 20 stocks and including LQ45 stocks if placed as waqf objects. In addition, it also analyzes the strategy for implementing stock waqf portfolios for wakif, nazhir and regulators. This study uses two methods to answer the problem formulation, namely Return Portfolio and Risk Portfolio. Furthermore, for the second research question, in-depth interviews and literature studies are used. The results of the study prove that the strategy of forming a portfolio based on dividend yield on stocks that fall into the criteria of IDX High Dividend 20, LQ45 and JII has been proven to consistently increase returns (yield) and total returns with increasing dividend yield. Portfolio 4 which focuses on stocks with dividend yield ≥ 5% provides the highest return (yield) of 17.06% per year, this is also a picture of the yield if applied as a stock waqf portfolio and the total return is also the highest at 18.20% per year, this is also a picture of the yield if applied as a cash waqf investment portfolio or stock futures waqf. In addition, this study emphasizes the importance of education and increasing the competence of nazir in sharia financial literacy and stock waqf management. Collaboration between stakeholders, including nazir, financial institutions, and regulators, is needed to maximize the potential of stock waqf. Effective risk management and transparency in reporting are also key elements to maintain investment stability and increase public trust.
Pengaruh Kesadaran, Keterjangkauan Biaya, Dukungan Regulasi, dan Tekanan Pasar Terhadap Niat UMKM Memperoleh Sertifikasi Halal Satrio Abimanyu; Indra Indra
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 8 No. 6 (2026): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/alkharaj.v8i6.11931

Abstract

This study aims to analyze the influence of halal awareness, cost affordability, regulatory support, and market pressure on the intention of culinary MSMEs in the Special Capital Region of Jakarta to obtain halal certification. This research employs a quantitative approach with a case study design. Data were collected through online questionnaires distributed to culinary MSME actors and analyzed using Structural Equation Modeling-Partial Least Squares (SEM-PLS) with SmartPLS 4.0. The results indicate that partially, cost affordability and market pressure have a positive and significant effect on MSMEs’ intention to obtain halal certification, while halal awareness and regulatory support have a positive but insignificant effect. Market pressure is identified as the most dominant factor, suggesting that external drivers such as consumer demand and business competition are more influential than internal factors. Simultaneously, all variables significantly influence MSMEs’ intention to obtain halal certification. This study implies that increasing MSME participation in halal certification requires strategies that not only enhance awareness but also ensure affordable costs, simplify regulations, and strengthen the halal market ecosystem.