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Dedi Junaedi
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+628118114379
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Lembaga Publikasi Ilmiah (LPI) Institut Agama Islam (IAI) Nasional Laa Roiba Bogor Jl Raya Pemda Pajeleran Sukahati No 41 Cibinong, Bogor 16913 Telp 021-8757150 HP 08118114379 Email: alkharaj@journal-laaroiba.com Web http://journal-laaroiba.com/ojs/index.php/alkharaj
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INDONESIA
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah
ISSN : 26562871     EISSN : 26564351     DOI : https://doi.org/10.47467/alkharaj
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah is a scientific journal published by Pusat Riset dan Kebijakan Strategis PRKS) of  Institut Agama Islam Nasional (IAI-N) Laa Roiba Bogor in collaboration with Masyarakat Ekonomi Syariah (MES) and Intelectual Association for Islamic Studies (IAFORIS) . This journal contains scientific papers from academics, researchers and practitioners in the fields of Islamic economics, finance and business research. E-ISSN 2656-4351 ISSN Print 2656-2871   DOI: 10.47467/alkharaj  Starting from Volume 1 Number 1 2019 to Volume 6 Number 3 of 2024 published on the website with the URL https://journal.laaroiba.ac.id/index.php/alkharaj. Starting from Volume 6 Number 4 2024 onwards it will be published with the URL https://journal-laaroiba.com/ojs/index.php/alkharaj.
Articles 2,235 Documents
Pengaruh Manajemen Talenta dan Lingkungan Kerja Non Fisik Terhadap Retensi Karyawan Novita Sari; R. Deni Muhammad Danial; Resa Nurmala
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 6 No. 11 (2024): 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.v6i11.3390

Abstract

Liza Christina Garment Industry is a company engaged in the manufacture of taxtiles or apparel that has problems with employee retention. This study aims to dtermine whether the application of talent management and non-physical work environment has an influence and can improve employee retention of PT. Liza Christina Garment Industry Sukabumi. The reseach method used is quantitative method with descriptive approach and asssosiative analysis. The sampel in this study was 48 respondents who were permanent employees of PT, Liza Christina Garment Industry Sukabumi using saturted sampling technique. Data were obtained through a research quastionnaire distributed to all samples containing 27 statements regarding talent manajemen variables, non-physical work environment and employee retention, using a semantic differential measurement system. The data obtained will bw sybjected to various test such as validity and reliability test, as well as classical assumption test which are then analyzed with various test assisted by SPSS 25 sofhware in an effort to answare the hypotesis in this study. The result showed that there was a positive and significant influence between talent management on employee retention, and there was a positive and significant influence between non-physical work environment variables on employee retention simultaniously PT. Liza Christina Garment Industry Sukabumi
Analisis Cash Conversion Cycle, Capital Expenditure dan Investment Opportunity Set dalam Mengoptimalkan Cash Holding Farach Dhiba Helmaliana; Nor Norisanti; Erry Sunarya
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 6 No. 11 (2024): 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.v6i11.3391

Abstract

ABSTRACT. The research was aimed at determining how much influence the Cash Conversion Cycle, Capital Expenditure and Investment Opportunity Set have in optimizing Cash Holding in food and beverage subsector companies listed on the Indonesia Stock Exchange for the period 2018-2022. The objects in this study are Cash Conversion Cycle (X1), Capital Expenditure (X2) Investment Opportunity Set (X3) and Cash Holding (Y). This research uses descriptive methods with a quantitative approach. The sampling technique used in this study used a non-probability sampling approach with purposive sampling method. The data analysis technique used is multiple correlation coefficient test, determination coefficient test, multiple linear regression test, partial test (t test) and simultaneous test (F test). Based on the results of the study, it shows that there is a variable relationship between Cash Conversion Cycle, Capital Expenditure and Investment Opportunity Set in optimizing Cash Holding of 0.749 which means that the level of relationship between Cash Conversion Cycle, Capital Expenditure and Investment Opportunity Set in optimizing Cash Holding is included in the strong relationship criteria. Then the partial test results show that the Cash Conversion Cycle has a positive and significant effect in optimizing Cash Holding, Capital Expenditure has no effect in optimizing Cash Holding, and Investment Opportunity Set has a positive and significant effect in optimizing Cash Holding
Analisis Non Performing Loan, Biaya Operasional Pendapatan Operasional, dan Free Cash Flow Terhadap Nilai Perusahaan Neng Nia Fania; Dicky Jhoansyah; Faizal Mulia
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 6 No. 11 (2024): 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.v6i11.3393

Abstract

The research was aimed at determining the influence of Non Performing Loan, operating expenses to operating income, and free cash flow on firm value conducted in the banking sektor listed on the Indonesian Stock Exchange periode 2018-2022. The object of the research were Non Performing Loan (X1), Operating Expenses to Operating Income (X3), free cash flow (X3), and Firm Value (Y). the research used descriptive and associative methods with quantitative approach. The technique of sampling deployed in the research was non probability sampling approach, namely the purposive sampling technique. The techniques of analysing data applied were test of coefficient of multiple correlation and coefficient of determination, multiple linear regression test, partial test (t-test), and simultaneous test (f test). Based on the result of the research show that there is a relationship of  Non Performing Loan, operating expenses to operating income, and free cash flow toward firm value which is aggregated to 0,659, indicating that the relationship of Non Performing Loan, operating expenses to operating income, and free cash flow toward firm value is included to a strong relationship criteria. Moreover, the result of partial test show that Non Performing Loan negative and significant influence toward firm value, operating expenses to operating income negative and significant influence toward firm value, and free cash flow has positive and insignificant influence toward firm value.
Pengaruh Self Efficacy, Lingkungan Kerja dan Komitmen Organisasi Terhadap Kinerja Karyawan Yeti Laelasari; Dicky Jhoansyah; Faizal Mulia Z
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 6 No. 11 (2024): 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.v6i11.3394

Abstract

Human Resources are important assets in a company to be able to obtain maximum profit, therefore self efficacy, a comfortable work environment, and good organizational commitment are needed for Employee Performance. The purpose of this study was to determine the effect of self efficacy, comfortable work environment, and organizational commitment on employee performance. The method used in this research is descriptive and associative method through quantitative approach. The population in this study was the sewing unit at PT Muara Tunggal Cibadak Sukabumi which amounted to 46 employees. The sample used in this study amounted to 46 employees of PT Muara Tunggal Cibadak Sukabumi using saturated sampling technique. The research data used in this study include primary data and secondary data, namely observation, interviews, questionnaires, literature studies, and documentation. The results of this study are There is a positive and significant influence between self efficacy variables on employee performance, there is a positive and significant influence between Work Environment variables on employee performance, and there is a positive and significant influence between organizational commitment variables on employee performance.
Pengaruh Leverage dan Sales Growth Terhadap Financial Distress dengan Profitabilitas Sebagai Moderasi Meita Dilani Nurhandriani; Nor Norisanti; R. Deni Muhammad Danial
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 6 No. 11 (2024): 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.v6i11.3405

Abstract

The transportation sector in Indonesia is one of the important sectors supporting the national economy. This sector consists of a variety of companies and has great potential for development. This research is based on the problem of decreasing demand due to restrictions on mobility and economic activity due to the pandemic. Causing a decrease in revenue and profits for transportation companies which can increase the risk of financial distress. This research uses financial leverage ratio calculations with DER (Debt Equity Ratio) and Sales growth to determine the effect on financial distress calculated using ICR and the role of profitability with ROA (Return On Assets) as moderation. The method used in this research is descriptive methods with a quantitative approach. Research on the transportation sector listed on the BEI in 2022. The research population was 49 companies with a sample of 41 companies. The financial distress method used is to calculate the ICR ratio (Interest Coverage Ratio) which is symbolized by a dummy. Data analysis uses multiple linear analysis and Moderating Regression Analysis (MRA) with the SPSS 26 application. Based on the research and discussion that has been carried out, the research results can be concluded that leverage has an effect but is not significant on financial distress. Sales growth has an effect but is not significant on financial distress. Profitability is able to moderate the relationship between leverage and financial distress and sales growth with financial distress.
Pengaruh Entrepreneurial Orientation dan Market Orientation Terhadap Business Performance yang Dimediasi oleh Marketing Capabillity pada UMKM Kuliner di Kota Sukabumi Fani Julia Pratama; R. Deni Muhammad Danial; Resa Nurmala
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 6 No. 11 (2024): 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.v6i11.3408

Abstract

One industry that is growing and in the spotlight is the food and beverage industry sector, where the sector is known to be a shining warabala sector and will continue to move to improve. The purpose of this study was to determine the effect of entrepreneurial orientation, market orientation on business performance and to determine marketing capability in mediating the relationship between entrepreneurial orientation, market orientation on business performance in MSMEs in Sukabumi. The methods used in this study are descriptive and associative methods through a quantitative approach. The population in this study were culinary MSME players in the city of Sukabumi. The sample used in this study amounted to 270 culinary umkm in the city of Sukabumi based on the theory of Hair Jr. The research data used in this study include primary data and secondary data, namely observation, interviews, questionnaires, literature studies, and documentation. The results of this study are that there is a positive and significant influence between entrepreneurial orientation and market orientation on business performance and marketing capability as a mediator plays an important role in the relationship between entrepreneurial orientation and market orientation with business performance.
Pengaruh Overconfidence Dimoderasi Gender terhadap Keputusan Investasi pada Generasi Milenial di Karawang Simbolon; Paulina Karolin; Situngkir, Tiar Lina
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 6 No. 11 (2024): 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.v6i11.3411

Abstract

This research aims to examine the influence of overconfidence on investment decisions of the millennial generation in Karawang and evaluate whether gender variables can moderate this relationship. This research uses a survey research design. There is an independent variable, namely overconfidence and a dependent variable (dependent) investment decisions. This research focuses on the millennial generation population in Karawang, which numbers around 1,029,290 people. Meanwhile, the sample used was the millennial generation in Karawang who were active in investment activities, totaling 268 respondents. In this research, verification analysis uses Simple Linear Regression Analysis to test whether or not there is an influence of overconfidence on investment decisions. The next test to see whether the influence of the moderating variable (gender) can strengthen or weaken the overconfidence variable on investment decisions, the Moderated Regression Analysis (MRA) test is used. The research the results show that overconfidence has an influence on the investment decisions of the millennial generation. This generation tends to make investment decisions with a high level of self-confidence, which can lead to investment risks. However, gender is not able to moderate the relationship between overconfidence and investment decisions, meaning that both men and women show the same pattern regarding the influence of overconfidence on their investment decisions. Based on these findings, it is recommended to improve financial education to help the millennial generation make more rational and wise investment decisions.
Strategi Pemasaran Melalui Kompetensi Kewirausahaan dalam Mencapai Peningkatan Kinerja UMKM Raysa Alevia Permana; R. Deni Muhammad Danial; Resa Nurmala
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 6 No. 11 (2024): 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.v6i11.3415

Abstract

Beverage MSMEs in Sukabumi City have experienced a decline in sales growth. In addition to the impact of Covid-19 several years ago, this is also caused by the fact that MSME players do not understand the performance of MSMEs, marketing strategies and entrepreneurial competencies to improve MSME performance. This study aims to determine the effect of marketing strategies and entrepreneurial competencies in achieving improved MSME performance and to determine how entrepreneurial competencies mediate marketing strategies on MSME performance. The methods used in this research are descriptive and associative methods through a quantitative approach. The population in this study were beverage MSME players in Sukabumi City who used and were interested in the performance of MSMEs. The sample used in this study amounted to 210 beverage MSMEs in Sukabumi City. The sample was taken based on Hair J theory, that the determination of the sample size was 5 times the number of research instruments. The research data used in this study include primary data and secondary data, namely observation, interviews, questionnaires, literature studies, and documentation. The results of this study are There is a significant influence between marketing strategy variables and entrepreneurial competence on MSME Performance and Entrepreneurial Competence can mediate the relationship between marketing strategies and MSME Performance in beverage business actors in Sukabumi City.
Analisis Efisiensi dan Produktivitas Bank Pembiayaan Rakyat Syariah di Jabodetabek Periode 2019-2023 Zulva, Muhammad Zulva Zeta Zaidan; Sebastian Herman
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 6 No. 11 (2024): 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.v6i11.3464

Abstract

This research aims to analyze the efficiency and productivity of BPRS in Jabodetabek, totaling 17 BPRS during the 2019-2023 observation period. This research uses the BCC or VRS model as a basic model in analyzing bank efficiency and productivity using Data Envelopment Analysis and the Malmquist Productivity Index. This research uses input variables, namely third party funds and operational expenses, as well as output variables, namely operational income and financing. The results obtained from efficiency analysis using DEA show that there are still many BPRS in Jabodetabek that have not achieved maximum efficiency. The average Jabodetabek BPRS efficiency score fluctuates from year to year during the period 2019 to 2023, with an overall average efficiency of 0.716648. Meanwhile, the average productivity of BPRS in Jabodetabek is 1,102. In 2020 there was a decline in the efficiency and productivity of BPRS due to the Covid-19 pandemic. But Back shows recovery in 2021 to 2023.
Penerapan Nilai-Nilai Hukum Ekonomi Syari’ah pada Produk Murabahah pada BPR Syariah Kota Bandar Lampung Saleh, Ismail; A. Kumedi Ja’far; Syamsul Hilal; Muhammad Zaki; Maimun
Al-Kharaj: Jurnal Ekonomi, Keuangan & Bisnis Syariah Vol. 6 No. 11 (2024): 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.v6i11.3530

Abstract

Murabahah is a form of fund raising carried out by sharia banking, both productive (for business activities) and consumptive (for daily needs). Murabahah is the sale and purchase of goods at the original price (capital) with additional agreed profits that are not too burdensome for potential buyers. In a murabahah contract, the seller must disclose the basic price he purchased and determine a level of additional profit. In the murabahah financing product provided by BPR Syari'ah Bandar Lampung, the bank is the capital provider while the customer is the borrower for the purpose of purchasing halal goods, both consumption and investigation, where the bank takes a certain amount of profit (margin) on the cost price of the goods. The payment system is by installments or agreed installments. This type of research is field research. This research was carried out directly in the field using respondent data. The product in murabahah financing at BPR Syariah Bandar Lampung City is that the bank is the capital provider while the customer is the borrower. BPR Syariah Bandar Lampung City applies the maqashid sharia approach in its consumer financing. This can be seen from the consumptive financing provided which has a role and benefit in improving the welfare of members, namely by fulfilling members' dharuriyat and hajjiyat needs and being able to safeguard members' minds and assets.

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