<> "The repository administrator has not yet configured an RDF license."^^ . <> . . . "EFEKTIVITAS BITCOIN SEBAGAI SAFE HAVEN DAN INSTRUMEN HEDGING DALAM PORTOFOLIO MULTI-ASET SELAMA MASA KRISIS 2022–2025 : PERSPEKTIF MAQASHID SYARIAH"^^ . "This study aims to analyze the effectiveness of Bitcoin as a safe haven and hedging instrument in a multi-asset portfolio during the global crisis period (2022–2025) and to evaluate its legality from an Islamic economic perspective. Employing a quantitative approach with Dynamic Conditional Correlation (DCC-GARCH) and Quantile Regression models, this study finds that Bitcoin failed to function as a safe haven during the Systemic Contagion phase (2022) as it exhibited extreme positive correlation with the stock market; however, it proved effective as a selective hedge against fiat currency depreciation (USD) during the 2023 banking crisis. Performance evaluation using Post-Modern Portfolio Theory (PMPT) reveals a \"Volatility Paradox,\" where the addition of Bitcoin lowered total variance but worsened performance efficiency (Sortino Ratio) due to high tail risk. Based on Maqashid Shariah analysis utilizing Jasser Auda's Systems Approach, Bitcoin's status is concluded as Mubah Muqayyad (Conditionally Permissible)—specifically permissible for long-term investment (Hajiyyat) with a minority allocation (<5%) to preserve wealth (Hifzh al-Mal), but prohibited for emergency funds (Dharuriyyat) due to liquidity risks bordering on speculation (Maysir)."^^ . "2026-01-23" . . . . "UIN SUNAN KALIJAGA YOGYAKARTA"^^ . . . "FAKULTAS EKONOMI DAN BISNIS ISLAM, UIN SUNAN KALIJAGA YOGYAKARTA"^^ . . . . . . . . . "NIM.: 22108030045"^^ . "Ghazy Syahrul Haq Kamal"^^ . "NIM.: 22108030045 Ghazy Syahrul Haq Kamal"^^ . . . . . . "EFEKTIVITAS BITCOIN SEBAGAI SAFE HAVEN DAN INSTRUMEN HEDGING DALAM PORTOFOLIO MULTI-ASET SELAMA MASA KRISIS 2022–2025 : PERSPEKTIF MAQASHID SYARIAH (Text)"^^ . . . . . "22108030045_BAB-I_IV-atau-V_DAFTAR-PUSTAKA.pdf"^^ . . . "EFEKTIVITAS BITCOIN SEBAGAI SAFE HAVEN DAN INSTRUMEN HEDGING DALAM PORTOFOLIO MULTI-ASET SELAMA MASA KRISIS 2022–2025 : PERSPEKTIF MAQASHID SYARIAH (Text)"^^ . . . . "HTML Summary of #75653 \n\nEFEKTIVITAS BITCOIN SEBAGAI SAFE HAVEN DAN INSTRUMEN HEDGING DALAM PORTOFOLIO MULTI-ASET SELAMA MASA KRISIS 2022–2025 : PERSPEKTIF MAQASHID SYARIAH\n\n" . "text/html" . . . "658.15 Manajemen Keuangan" . .