Non-Halal Aspects on Company listed in the Jakarta Islamic Index

Mustakim Muchlis

Abstract


Abstract. 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.


Keywords


Interest-based debt, non-halal income, Price to book value (PBV)



DOI: http://dx.doi.org/10.26487/hebr.v4i3.2576

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Hasanuddin Economics and Business Review (ISSN Print: 2549-3221 | ISSN Online: 2549-323X ) is licensed under a Creative Commons Attribution 4.0 International License. Preserved in LOCKSS, based at Stanford University Libraries, United Kingdom, through PKP Private LOCKSS Network program.

 

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