Keywords
Interest-based debt
non-halal income
Price to book value (PBV)
non-halal income
Price to book value (PBV)
How to Cite
Muchlis, M. (2021). Non-Halal Aspects on Company listed in the Jakarta Islamic Index. Hasanuddin Economics and Business Review, 4(3), 30–34. https://doi.org/10.26487/hebr.v4i3.2576
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.
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