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Margin of safety in Value Investing for Sharia Stock Investment from the Perspective of Maqasid Sharia Muhammad Ismail Alfaruqy; Mukhaer Pakkanna; Supardi Mursalin
Al-Intaj : Jurnal Ekonomi dan Perbankan Syariah Vol 12, No 1 (2026)
Publisher : Faculty of Economics and Islamic Business, UIN Fatmawati Sukarno Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29300/aij.v12i1.9517

Abstract

Purpose: This study aims to conceptually analyze and normatively examine the benefits of margin of safety in value investing techniques in preventing stock speculation, evaluate value investing techniques from the perspective of maqashid sharia, and identify similarities between value investing and maqasid sharia.Design/Methodology: Using a normative-conceptual study using a maqasid sharia based analytical framework, this study was conducted through literature review and secondary data analysis from various relevant references.Findings: The results show that the application of margin of safety in value investing in sharia stocks can increase market stability and reduce speculative practices, in line with the principle of asset protection (hifzh al-maal) in sharia objectives. This strategy has also proven effective in minimizing the elements of gharar and maysir, making it an ethical and responsible investment model.Practical Implications: This enriches the discourse on the integration of sharia principles into modern investment strategies and provides practical implications for investors, regulators, and sharia capital market players to create a more equitable, inclusive, and sustainable investment ecosystem.Originality/Value: This study integrates the value investing approach with the application of margin of safetyinto the maqasid sharia framework as the basis for sharia investment decision-making. This study offers a new approach by positioning value investing not only as a strategy to achieve financial returns, but also as a means to realize justice and economic stability. It also contributes to expanding the discourse on Islamic finance by offering an alternative investment approach that is not only spiritually, socially, and economically responsible, but also based on ethics and sustainability.
Pengaruh Gaya Hidup, FOMO, Media Sosial Tiktok terhadap Perilaku Konsumtif dalam Perspektif Ekonomi Syariah Eliza Reani Futri; Supardi Mursalin; Debby Arisandi
SAUJANA : Jurnal Perbankan Syariah dan Ekonomi Syariah Vol 8 No 2 (2026): SAUJANA : Jurnal Perbankan Syariah dan Ekonomi Syariah
Publisher : STEI Kanjeng Sepuh Gresik Jawa Timur

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.59636/saujana.v8i2.466

Abstract

This study aims to determine the influence of lifestyle, FOMO, and TikTok social media on consumer behavior from a Sharia Economic Perspective. The type of research used is quantitative research. The population of this study is active students of UINFAS Bengkulu, involving a sample size of 890 students from the class of 2021 and 2022, with a sample of 91 respondents. Data analysis includes validity tests, reliability tests, classical assumption tests, and hypothesis tests through multiple linear regression, F tests, t tests, and coefficients of determination to see the relationship between research variables. The type of research used is quantitative research. The results of the study indicate that 1) there is an influence of lifestyle on consumer behavior, meaning that the higher a person's lifestyle, the tendency to behave in a consumer manner also increases; 2) there is an influence of FOMO on consumer behavior, meaning that the fear of being left behind makes individuals more likely to buy without consideration; 3) there is an influence of TikTok social media on consumer behavior, meaning that the content displayed can influence users' purchasing decisions; and 4) there is a simultaneous influence of lifestyle, FOMO, and TikTok social media on consumer behavior, meaning that the three variables together strengthen consumer tendencies in individuals.
Gender Relational Ethics in the Nyambai Tradition: A Living Fiqh al- Munākahāt Perspective on Ta’āruf among the Lampung Indigenous Community Wahyu Abdul Jafar; Widad Mahdi Jasim; Ahmed Adil Musa Al-Hayani; Edi Mulyono; Supardi Mursalin
AHKAM : Jurnal Ilmu Syariah Vol. 26 No. 1 (2026)
Publisher : Universitas Islam Negeri Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/ajis.v26i1.50150

Abstract

This study examines the Nyambai tradition as a form of cultural ta’āruf among the Saibatin indigenous community of Lampung through the perspective of living fiqh al-munākahāt. Nyambai is a paired traditional dance performed by muli (young women) and mekhanai (young men) that serves as a medium for social interaction, the introduction of potential marriage partners, and an essential element of customary ceremonies, particularly Nayuh wedding rituals. Beyond its aesthetic function, Nyambai embodies social norms and gender ethics that regulate interactions between men and women within the public customary sphere. This qualitative research employs a legal-ethnographic approach, drawing on participant observation, in-depth interviews with customary leaders, performers, and married couples, and documentary analysis of customary texts and fiqh literature. The findings indicate that Nyambai represents a symbolic and regulated form of ta’āruf consistent with key principles of fiqh al-munākahāt, including the protection of honor, proper social conduct, and family formation. The study also highlights ongoing negotiations between customary norms and Islamic legal interpretations.   Abstrak Penelitian ini mengkaji tradisi Nyambai sebagai bentuk budaya ta'āruf di kalangan masyarakat adat Saibatin Lampung melalui perspektif hidup fikih munakahat. Nyambai adalah tarian tradisional berpasangan yang dilakukan oleh muli (wanita muda) dan mekhanai (pria muda), yang berfungsi sebagai media interaksi sosial, pengenalan calon pasangan untuk pernikahan, serta elemen penting dalam upacara adat, terutama dalam ritual pernikahan Nayuh. Di luar fungsi estetikanya, Nyambai mewujudkan norma-norma sosial dan etika gender yang mengatur interaksi antara laki-laki dan perempuan di ranah publik adat. Penelitian kualitatif ini menggunakan pendekatan hukum-etnografi, mengacu pada pengamatan peserta, wawancara mendalam dengan pemimpin adat, pemain, dan pasangan suami istri, serta analisis dokumenter teks adat dan literatur fikih. Temuan ini menunjukkan bahwa Nyambai mewakili bentuk simbolis yang diatur oleh ta'āruf, yang konsisten dengan prinsip-prinsip utama fikih munakahat, termasuk perlindungan kehormatan, perilaku sosial yang tepat, dan pembentukan keluarga. Studi ini juga menyoroti negosiasi yang sedang berlangsung antara norma-norma adat dan interpretasi hukum Islam.
FENOMENOLOGI WISATA KULINER HALAL DI ZONA KHAS BERENDO MERAH PUTIH KOTA BENGKULU : INTEGRASI GREEN ECONOMY DAN EKONOMI ISLAM Lili Utami; Supardi Mursalin; Nurrahmah Putry
JSE: Jurnal Sharia Economica Vol. 5 No. 3 (2026): Juli
Publisher : LPPM STAI Muhammadiyah Probolinggo

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.46773/q46ttt07

Abstract

This study aims to analyze tourists' experiences of halal culinary tourism at the Zona KHAS Berendo Merah Putih in Bengkulu City, examine the implementation of the green economy concept, and identify the integration of Islamic economic values in managing the area. A qualitative approach with a phenomenological method was employed. The participants consisted of six halal culinary business owners and ten tourists selected through purposive and convenience sampling techniques. Data were collected through observation, in-depth interviews, and documentation and analyzed using the interactive model of Miles and Huberman. The findings show that tourists had positive experiences because of the variety of halal food, the religious atmosphere, the comfort of the area, and the hospitality of business owners. The implementation of the green economy concept is reflected in the use of reusable dining utensils and efforts to maintain environmental cleanliness. However, waste management and environmentally friendly packaging have not been fully implemented because most businesses still use single-use plastics and do not consistently separate waste. Business practices also reflect halal principles, trustworthiness, honesty, and good customer service. The study concludes that the integration of the green economy and Islamic economics has been implemented but requires stronger environmental sustainability efforts to achieve more effective and sustainable tourism management.