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Dedi Junaedi
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dedijunaedi@laaroiba.ac.id
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+628118114379
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Pusat Riset dan Kajian Strategis (PRKS) Fakultas Syariah Institut Agama Islam (IAI) Nasional Laa Roiba Bogor Jl Raya Pemda Pajeleran Sukahati No 41 Cibinong, Bogor 16913
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INDONESIA
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
ISSN : 26562871     EISSN : 26564351     DOI : https://doi.org/10.47467/alkharaj
Core Subject : Economy, Social,
AL-KHARAJ: The Journal of Islamic Economics, Finance & Business is a scientific journal published by the Center for Research and Strategic Studies (PRKS) of the Institute of Islamic Religion (IAI) National Laa Roiba Bogor. This journal contains scientific papers from academics, researchers and practitioners in research on Islamic economic, financial and business issues.
Articles 821 Documents
Pengaruh ROA, ROE, NPM, dan EPS terhadap Harga Saham Perusahaan Sub Sektor Asuransi yang Terdaftar di BEI Tahun 2017-2020 Tanty Dwi Francisca; Dedi Suselo
Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol 5 No 3 (2023): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Research and Strategic Studies Center (Pusat Riset dan Kajian Strategis) Fakultas Syariah IAI Nasional Laa Roiba

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (366.762 KB) | DOI: 10.47467/alkharaj.v5i3.1529

Abstract

The purpose of this study was to determine the effect of ROA, ROE, NPM, and EPS on stock prices in the Indonesian insurance business sub-sector traded on the Indonesia Stock Exchange (IDX) between 2017 and 2020. The Indonesia Stock Exchange is the subject of this investigation. It is determined that return on assets (ROA), profit margin (NPM), and EPS are independent variables for this study, but stock prices are considered as the dependent variable. Return on Assets, Return on Equity, Earning Per Share, and Net Profit Margin are acronyms that can be used interchangeably. each. each. Quantitative techniques were used, and panel data served as the basis for further research to be carried out. The information used comes from secondary sources, and is collected from 10 separate businesses using purposive sampling according to a set of criteria. After that, tests were carried out on this dataset using the previously mentioned Eviews 10. Research efforts that rely heavily on the t-test as the main analytical technique have come to the conclusion that return on assets (ROA), return on equity (ROE), and net profit margin (NPM) have a value of zero, tone, nil, and tone have a relationship with movement share price in any way, shape, or form. Neither the number of shares outstanding nor earnings per share have an effect on share value (EPS). According to the F test, the company's return on assets (ROA), net profit margin (NPM), and earnings per share (EPS) all have an impact on its stock price. Keywords : Return On Assets; Return On Equity; Net Profit Margin; Earnings Per Share; Stock price.
The Service Performance and Customer Satisfaction Model in Islamic Banking Afif Zaerofi
Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol 5 No 3 (2023): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Research and Strategic Studies Center (Pusat Riset dan Kajian Strategis) Fakultas Syariah IAI Nasional Laa Roiba

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (336.042 KB) | DOI: 10.47467/alkharaj.v5i3.1533

Abstract

The purpose of this study is twofold; 1). to find the measurement scale of service performance and 2). to examine the impact of service performance dimensions on customer satisfaction in Indonesian Islamic banking context. This study employs survey method with cluster sampling technique. Self-administered questionnaire, with 408 Islamic commercial bank customers as respondents, is used to collect the data/information. Confirmatory Factor Analysis (CFA) is adopted to test the dimensionality of service performance and customer satisfaction. Structural Equation Modeling (SEM) approach is employed to examine the impact of service performance dimensions on customer satisfaction. Results reveal 5 dimensions; physical, interactions, process, technology quality and sharia-compliance reflect service performance measurement scale. It is evidence that 3 dimensions; physical, process and sharia significantly impact on customer satisfaction. Interestingly, another 2 dimensions; interaction and technology do not significantly impact on customer satisfaction. Keywords: Service Performance; Customer Satisfaction; Islamic Banks; Structural Equation Modelling (SEM)
Pengaruh DER dan ROA Terhadap Harga Saham Dengan PER Sebagai Variabel Moderasi Pada Perusahaan Sub Sektor Pertambangan Logam Dan Mineral Wilton Pratama; Novi Permata Indah
Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol 5 No 3 (2023): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Research and Strategic Studies Center (Pusat Riset dan Kajian Strategis) Fakultas Syariah IAI Nasional Laa Roiba

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (337.266 KB) | DOI: 10.47467/alkharaj.v5i3.1539

Abstract

Metal and Mineral mining sub-sector companies are one of the sectors that contribute high growth to the Indonesian market capitalization. The existence of new innovations in the automotive world, especially electric cars, which require metal and mineral raw materials as electric batteries for propulsion, this adds fresh air to the metal and mineral mining sector in Indonesia. However, over time the Metal and Mineral mining sector experiencing ups and downs. This study intends to determine, test and analyze the effect of DER, and ROA, on stock prices with PER as a moderating variable in Metal and Mineral mining sub-sector companies listed on the IDX for the 2016-2020 period. The research method used is descriptive verification. The population is Metal and Mineral mining sub-sector companies listed on the IDX. The sampling technique used was purposive sampling which resulted in 9 out of 13 companies. The analysis tool uses multiple linear regression and moderated regression analysis. The results of the study explain that partially DER and ROA affect stock prices, as well as simultaneously DER and ROA affect stock prices. PER is not able to moderate the effect of DER and ROA on stock prices. The regression model obtained by Adjusted R Square is 18.1% with the remaining 81.9% influenced by other variables not examined. Keywords: debt to equity ratio;price earning ratio;return on asset;stock prices.
Pengaruh Likuiditas, Leverage, Profitabilitas, dan Ukuran Perusahaan terhadap Kebijakan Dividen pada Perusahaan Manufaktur di BEI Ubrin Yulianwar; Gendro Wiyono; Alfiatul Maulida
Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol 5 No 3 (2023): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Research and Strategic Studies Center (Pusat Riset dan Kajian Strategis) Fakultas Syariah IAI Nasional Laa Roiba

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (413.65 KB) | DOI: 10.47467/alkharaj.v5i3.1548

Abstract

The research conducted aims to see the effect of liquidity, leverage, profitability, and company size on dividend policy in manufacturing companies on the IDX with a search period between 2017-2019 with the method used is the purposive sampling method and the tests carried out are f and t tests. with the aim of knowing the relationship with each other. The results of the research conducted indicate that the Liquidity coefficient (CR) has a regression coefficient of 0.004 which is positive. Effect of Leverage (DER) on Dividend Per Share (DPS) Policy. The significance level is 0.372, which means it is greater than the significance level a = 0.05. This shows that the leverage variable does not have a significant effect. The profitability variable (ROI) has a regression coefficient of 0.288 where the regression coefficient is positive. The Effect of Firm Size (SIZE) on Dividend Per Share (DPS) Policy. The significance level is 0.304, which means it is greater than the significance level a = 0.05. This shows that the size of the company does not have a significant effect. Keywords: liquidity, leverage, profitability, firm size
Pengaruh Gaya Kepemimpinan Transformasional, Budaya Organisasi dan Motivasi terhadap Kinerja Karyawanl: Studi pada PT. Pandawa Mandiri CCTV Jogja Yudi Prasetya Putra; Jajuk Herawati; Epsilandri Septyarini
Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol 5 No 3 (2023): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Research and Strategic Studies Center (Pusat Riset dan Kajian Strategis) Fakultas Syariah IAI Nasional Laa Roiba

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (608.491 KB) | DOI: 10.47467/alkharaj.v5i3.1559

Abstract

Pengaruh Gaya Kepemimpinan Transformasional, Budaya Organisasi dan Motivasi terhadap Kinerja Karyawanl: Studi pada PT. Pandawa Mandiri CCTV Jogja Jajuk Herawati, Episilandri Sepryarini Program Studi Manajemen, Fakultas Ekonomi, Universitas Sarjanawiyata Tamansiswa, Yogyakarta, Indonesia , jajuk.herawati@ustjogja.ac.id epsilandriseptyarini@ustjogja.ac.id
Analisis Kinerja Keuangan Badan Perencanaan Pembangunan Daerah, Penelitian dan Pengembangan (Bappedalitbang) Kabupaten Deli Serdang Kamila Kamila; Nida Andina
Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol 5 No 3 (2023): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Research and Strategic Studies Center (Pusat Riset dan Kajian Strategis) Fakultas Syariah IAI Nasional Laa Roiba

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (390.966 KB) | DOI: 10.47467/alkharaj.v5i3.1568

Abstract

The Regional Development Planning Agency, Research and Development (BAPPEDALITBANG) of Deli Serdang Regency is a regional technical institution in the field of regional development planning led by a head of the agency who is under and responsible to the Governor/Regent/Mayor through the regional secretariat. This study aims to assess the financial performance of Bappedalitbang Deli Serdang Regency for five fiscal years. In measuring financial performance, it is more focused on the Budget Realization Report (LRA). The measurement of financial performance is carried out to determine the absorption of the budget and the use of the budget during the five fiscal years on activities that exist in the agency itself. This research uses a qualitative approach with data collection techniques in the form of documentation. The analytical method used is descriptive method with the formula: compatibility analysis of spending which is divided into direct and indirect spending, effectiveness analysis, spending variance analysis, efficiency analysis and spending growth analysis. The results of the analysis show that the financial performance of the Deli Serdang Regency Bappedalitbang from 2019-2022 seen from the shopping compatibility analysis shows poor financial performance, because the total indirect spending is 51% and for direct spending 49%, so it can be said that the Bappedalitbang for the Regency Province Deli Serdang pays little attention to regional development. From the analysis of spending growth in 2019-2022 it is said to be good, because it can be seen that there has been a growth in spending for five years with a total of 1%, with a maximum value of 14% in 2019 and a minimum value of 3% in 2019. 2019-2022 can be said to be good, with a total comparison of 89%. However, judging from the effectiveness ratio of the use of the budget for five years, it can be said to be quite effective with the total ratio reaching 83%. Meanwhile, if viewed from the efficiency ratio, the Bappedalitbang Deli Serdang Regency is said to be quite efficient in using its budget from 2019-2022, with a total of 34 %, so in this case the Deli Serdang Regency Bappedalitbang has been able to make budget savings. Keywords: Financial Performance, shopping compatibility ratio, efficiency, effectiveness, and variance.
Analysis of Perceived Usefulness, Perceived Ease of Use, Trust, and Sharia Financial Literature on the Adoption of Sharia Fintech by MSMEs Imam Shoffan Hasyim; Hanif Hanif; Erike Anggraeni
Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol 5 No 3 (2023): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Research and Strategic Studies Center (Pusat Riset dan Kajian Strategis) Fakultas Syariah IAI Nasional Laa Roiba

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (392.239 KB) | DOI: 10.47467/alkharaj.v5i3.1572

Abstract

The purpose of this study is to analyze consumer intentions to use Sharia FinTech services. This study uses a quantitative descriptive approach to the population, namely SMEs in Bandar Lampung through the sampling technique using simple random sampling with random sampling regardless of the level of the research population. Furthermore, the sample calculation in this study uses the Slovin technique and hypothesis testing using SPSS 22. The results show that Perceived Usefulness, Trust, Islamic Financial Literacy, and all independent variables simultaneously have an influence on the adoption of Islamic FinTech by SMEs. Meanwhile, Perceived Ease of Use has no influence on the adoption of Islamic FinTech by MSMEs. The Islamic Financial Literacy variable has the greatest influence among the independent variables in this study. Keywords: Sharia FinTech, Technology Acceptance Model (TAM), and Perceived Usefulness
Faktor Internal dan Eksternal terhadap Return Saham Rizqi Akbar; Dedi Suselo
Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol 5 No 3 (2023): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Research and Strategic Studies Center (Pusat Riset dan Kajian Strategis) Fakultas Syariah IAI Nasional Laa Roiba

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (436.231 KB) | DOI: 10.47467/alkharaj.v5i3.1588

Abstract

Stock returns along with the company's external and internal factors are examined to determine whether there is an influence between the two. The independent variables in this study are ROE (return on equity), DER (debt to equity ratio), CR (current ratio), and PER (price earning ratio) which are internal factors while external factors use inflation and SBI interest rates. The study was conducted using a quantitative method of panel data analysis. A purposive sampling strategy was used to select 15 manufacturing companies in the consumer goods industry sector based on certain criteria sourced from the Indonesia Stock Exchange (IDX) between 2017 and 2020. The data used in this study is secondary data. Eviews 10 is used to test the data under study. The results of this analysis indicate that simultaneously internal and external factors have a significant impact on stock returns. Meanwhile, if viewed respectively, DER, CR, and PER have a significant positive effect on stock returns but not with ROE, inflation, and interest rates. Keywords: stock returns, ROE, DER, CR, PER, inflation, SBI interest rate
Pengaruh Non Performing Financing (NPF) dan Financing to Deposit Ratio (FDR) terhadap Profitabilitas Septi Amalia Mulyana; Wirman Wirman
Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol 5 No 3 (2023): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Research and Strategic Studies Center (Pusat Riset dan Kajian Strategis) Fakultas Syariah IAI Nasional Laa Roiba

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (377.075 KB) | DOI: 10.47467/alkharaj.v5i3.1622

Abstract

Penelitian yang dilakukan ini memiliki tujuan untuk dapat mengetahui apakah Profitabilitas dapat dipengaruh oleh variabel Non Performing Financing dan Financing to Deposite Ratio pada Bank Umum Syariah. Pendektan pada penelitian ini mengunakan metodek analisis kuantitatif . teknik purposive sampling yang yang dilakukan untuk menentuan sampel diperoleh 40 data, selama 5 Tahun dengan 8 Perbankan syariah dari 14 Bank Umum Syariah yang menjadi Populasi. Variabel dalam penelitian ini terdiri dari dua variabel independen (X) yaitu variabel Non Performing Financing (NPF) (X1) dan variabel Financing Deposit Ratio (FDR) (X2). Kemudian untuk variabel dependen (Y) dalam penelitian ini adalah Profitabilitas. Hasil penelitian yang didapati pada penelitian ini diketahui bahwa secara parsial Non Performing Financing memiliki pengaruh negatif yang signifikan terhadap Profitabilitas begitu juga dengan sedangkan Financing to Deposite Ratio memiliki pengaruh secara parsial terhadap Profitabilitas. Secara simultan diketahui bahwa Non Performing Financing dan Financing Deposit Ratio memiliki pengaruh terhadap Profitabilitas pada bank umum syariah . Keywords: NPF, FDR, Profitability
The Influence of Growth Opportunity, Profitability, and Financial Distress on the Company Value (IDX) Maria Magdalena Kelu Balawanga; Sri Hermuningsih; Alfiatul Maulida
Al-Kharaj : Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol 5 No 3 (2023): Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
Publisher : Research and Strategic Studies Center (Pusat Riset dan Kajian Strategis) Fakultas Syariah IAI Nasional Laa Roiba

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (443.31 KB) | DOI: 10.47467/alkharaj.v5i3.1623

Abstract

Organizations that convert raw ingredients into semi-finished or finished commodities are known as food and beverage companies. The goal of this study is to look into and assess connected topics such as growth potential, profitability, financial distress, and company value. The research utiliutilizedsed second data in form of income statement from the Indonesia Stock Exchange (IDX). Purposive sampling was utilized to collect data for this investigation. The survey included 14 companies and 42 data points. The conclusions of Hypothesis (1) Growth potential influences the company's value, Hypothesis (2) Profitability has no effect on the company's value, and Hypothesis (3) Financial distress has no effect on the company's value were discovered. Hypothesis (4), on the other hand, asserts that the company's value is affected by growth opportunity, profitability, and financial crisis all at the same time. The worth of a company will increase if its profitability level is higher. The company's worth will improve if the level of financial distress is lowered. Keywords: Growth Potential, Profitability, And The Impact Of Financial Distress On The Company's Value

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