Al-Mustashfa: Jurnal Penelitian Hukum Ekonomi Syariah
Vol. 10 No. 1 (2025)

The Impact of Intellectual Assets, Islamic Sustainability Reporting, and Green Performance on Sharia-Based Corporate Value

Yuni Mayanti (Universitas Ma'
soem Sumedang)

Iwan Setiawan (UIN Sunan Gunung Djati)
Setia Mulyawan (UIN Sunan Gunung Djati)



Article Info

Publish Date
06 Jun 2025

Abstract

This study examines the impact of intellectual assets, Islamic sustainability reporting, and green performance on the corporate value of firms listed on the Jakarta Islamic Index (JII), with a particular focus on their alignment with Sharia principles. As key contributors to national economic growth, these firms face increasing competition that necessitates value creation grounded in ethical and sustainable practices. Employing a quantitative approach, this research utilizes purposive sampling to select 10 companies from a population of 30 Sharia-compliant firms. Data were analyzed using panel data regression with E-Views 12 software. The results reveal that individually, intellectual assets, Islamic sustainability reporting, and green performance do not significantly influence corporate value; however, collectively, these factors exert a significant and positive effect. This underscores the importance of integrating intangible resources with Sharia-based sustainability and environmental responsibility to enhance corporate valuation. The study highlights how adherence to maqāṣid al-sharī‘ah—particularly the preservation of wealth, life, and environment—can inform corporate strategies in Islamic capital markets. The findings provide empirical insights and a robust regression model useful for investors, regulators, and managers aiming to align financial performance with Sharia economic objectives.Keywords: Intellectual Assets; Islamic Sustainability Reporting; Green Performance; Corporate Value; Sharia Economics

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Journal Info

Abbrev

al-mustashfa

Publisher

Subject

Description

Al-Mustashfa: Jurnal Penelitian Hukum Ekonomi Syariah publishes original and recent studies that focus on normative, empirical, and comparative analyses of Sharia economic law and its application across various modern economic sectors in different countries, particularly in Indonesia. The scope of ...