Open AccessNon-Halal Aspects on Company listed in the Jakarta Islamic Index
Author(s) -
Mustakim Muchlis
Publication year - 2021
Publication title -
hasanuddin economics and business review
Language(s) - English
Resource type - Journals
eISSN - 2549-323X
pISSN - 2549-3221
DOI - 10.26487/hebr.v4i3.2576
Subject(s) - islam , stock exchange , index (typography) , business , ratification , debt , accounting , value (mathematics) , sample (material) , islamic finance , finance , geography , political science , statistics , mathematics , law , chemistry , archaeology , chromatography , politics , world wide web , computer science
. This study aims to measure the effect of non-halal transactions such as interest-based debt and non-halal income on firm value companies listed in the Jakarta Islamic Index. The sample used in this study were companies listed in Jakarta Islami Index 2015-2019. Data processing uses SPSS and results that interest-based debt and non-halal income partially and simultaneously have a negative relationship with firm value. This shows that Islamic values have become a consideration for investors in the ratification of the Islamic stock exchange in Indonesia.