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Does The Shariah Bank In Indonesia Through Financial Distress? Maya Rizki Sari; Iftikar Arif Yuri
Jurnal Akuntansi, Manajemen, Bisnis dan Teknologi Vol 2 No 1 (2022): AMBITEK - Edisi Februari 2022
Publisher : Sekolah Tinggi Ilmu Ekonomi Mahaputra Riau

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (560.16 KB) | DOI: 10.56870/ambitek.v2i1.41

Abstract

This study aims to determine the potential of financial distress for Shariah Bank Industry Sector in Indonesia in the 2016-2018 period using the Zmijewski model. The data used in this study are secondary data on Sharia-based Banking in the 2016-2018 period, namely in the form of financial and annual reports from Muamalat Bank, BRI Syariah Bank, BNI Syariah Bank, Mandiri Syariah Bank, and BCA Syariah Bank. The final results of this study indicate that Sharia-based banking in the 2016-2018 period were classified into two categories, namely companies included in the Distress Area and Non-Distress Area categories. The results of the analysis showed that all sharia banks that were used as research samples consistently included in the Non-Distress Area category in the 2016-2018 period, the five companies were included in the healthy category and had no potential to go bankrupt. And the Sharia banking that can be categorized as the healthiest of the five Sharia Bank samples is BCA Syariah Bank, which in this case is stable away from the cut-off point below 0 or Z <0 that is above -3.5.
The Effect of Good Corporate Governance (GCG), Temporary Syirkah Funds, and Profitability on the Performance of the Maqasid of Sharia Commercial Banks in Indonesia Iftikar Arif Yuri; Annisaa Rahman; Amy Fontanela; Syamsurizal Syamsurizal
Review of Islamic Economics and Finance Vol 4, No 1 (2021): Review of Islamic Economics and Finance (RIEF) June 2021
Publisher : Universitas Pendidikan Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/rief.v4i1.34801

Abstract

AbstractPurpose –This study aims to examine the effect of good corporate governance, temporary syirkah funds and profitability to the performance of maqasid sharia that occurs in Islamic banks registered as sharia commercial banks within a period of five years with purposive sampling methodMethodology - This research type is quantitative research to get the data and information that the authors obtained from several Islamic Commercial Banks listed on the Indonesia Stock Exchange in 2012- 2016. Findings - The results showed that temporary syirkah funds had an effect on the performance of maqasid sharia. While Good Corporate Governance (independent board of commissioners, syariah supervisory board, DPS positions, audit committee), and profitability do not affect the performance of maqasid sharia.Keywords: Good Corporate Governance, independent board of commissioner, syariah supervisory board, DPS positions, audit committee, temporary syirkah fund, profitability, maqasid sharia. AbstractPurpose –This study aims to examine the effect of good corporate governance, temporary syirkah funds and profitability to the performance of maqasid sharia that occurs in Islamic banks registered as sharia commercial banks within a period of five years with purposive sampling method This study aims to explore and categorize research literature on Financial Technology in Islamic Capital Market systematically by mapping and visualizing it through bibliometric analysis using VOSviewer.Methodology - This research type is quantitative research to get the data and information that the authors obtained from several Islamic Commercial Banks listed on the Indonesia Stock Exchange in 2012- 2016. The research from publications that have appeared in journals that are indexed by Google Scholar served as the foundation for the article data used in this study. A reference manager tool called Publish or Perish is used to gather research data. A literature review on the subject we chose was done with the help of the program Publish or Perish.  Findings - The results showed that temporary syirkah funds had an effect on the performance of maqasid sharia. While Good Corporate Governance (independent board of commissioners, syariah supervisory board, DPS positions, audit committee), and profitability do not affect the performance of maqasid sharia.The results show that research on Financial Technology in Islamic Capital Market is separated into 3 terms: Financial Technology, Islamic, Capital Market. The term "Financial Technology" is associated with 168 links with a total link strength of 581. The term "Islamic" has 191 links with a total link strength of 661. The term "Capital Market" has 219 links with a total link strength of 840. While the popular Islamic capital market research was carried out in 2019, namely 134 studies. Novelty – There have been many studies on bibliometric analysis, including bibliometric analysis in the field of economics, bibliometric analysis in Islamic economic research. However, research on financial technology and Islamic capital markets bibliometric analysis of published data specifically to determine research development has not been carried out. Research Limitation This study focuses on the financial technology in Islamic Capital Market in the last 10 years due to time constraint.Research Implication- The study presents how many articles have been published on financial technology in Islamic capital market and its relation to problem areas using VOSviewer.This review can be a basis for further research. Keywords: Good Corporate Governance, independent board of commissioner, syariah supervisory board, DPS positions, audit committee, temporary syirkah fund, profitability, maqasid sharia.
Analisis Kinerja Portofolio Saham Perusahaan Pada Sektor Jasa Penerbangan Di Beberapa Negara Asean Iftikar Arif Yuri; Nur Octasari Lisadi; Maya Rizki Sari
Jurnal Ilmiah Akuntansi Kesatuan Vol 9 No 3 (2021): JIAKES Edisi Desember 2021
Publisher : Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jiakes.v9i3.905

Abstract

The Covid-19 pandemic that occurred in early 2020 in the world resulted in many businesses and companies being affected, handling companies in the aviation sector in ASEAN countries. As an investor who is going to invest, of course, you have to assess how the performance of the stock is, whether it will provide good and profitable returns, because the purpose of investors in investing in the capital market is of course to get a good increase (return). Portfolio performance evaluation is the final stage of the investment management process which aims to assess whether the portfolio that has been formed has a good performance and is in accordance with investment objectives. Among them are using the Sharpe, Treynor, and Jensen measurement models. The results showed that the Sharpe Method of Measurement found that the Garuda Indonesia company (-0.9144) had a greater risk and its performance was arguably the lowest compared to the other 3 companies because the Sharpe index value of Garuda Indonesia was higher risk than AirAsia Berhad-Malaysia (-0, 4823), Bangkok Airline-Thailand (-0.4703), and Nok Airlines Public Company-Thailand (-0.1133). None of the portfolios of these 4 companies produced better performance, in fact showed less performance than the benchmark. Meanwhile, the Treynor and Jensen methods also show that the performance of these companies underperforms against the benchmark.
Analisis Kinerja Portofolio Saham Perusahaan Pada Sektor Jasa Penerbangan Di Beberapa Negara Asean Iftikar Arif Yuri; Nur Octasari Lisadi; Maya Rizki Sari
Jurnal Ilmiah Akuntansi Kesatuan Vol. 9 No. 3 (2021): JIAKES Edisi Desember 2021
Publisher : Institut Bisnis dan Informatika Kesatuan

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.37641/jiakes.v9i3.905

Abstract

The Covid-19 pandemic that occurred in early 2020 in the world resulted in many businesses and companies being affected, handling companies in the aviation sector in ASEAN countries. As an investor who is going to invest, of course, you have to assess how the performance of the stock is, whether it will provide good and profitable returns, because the purpose of investors in investing in the capital market is of course to get a good increase (return). Portfolio performance evaluation is the final stage of the investment management process which aims to assess whether the portfolio that has been formed has a good performance and is in accordance with investment objectives. Among them are using the Sharpe, Treynor, and Jensen measurement models. The results showed that the Sharpe Method of Measurement found that the Garuda Indonesia company (-0.9144) had a greater risk and its performance was arguably the lowest compared to the other 3 companies because the Sharpe index value of Garuda Indonesia was higher risk than AirAsia Berhad-Malaysia (-0, 4823), Bangkok Airline-Thailand (-0.4703), and Nok Airlines Public Company-Thailand (-0.1133). None of the portfolios of these 4 companies produced better performance, in fact showed less performance than the benchmark. Meanwhile, the Treynor and Jensen methods also show that the performance of these companies underperforms against the benchmark.