Journal of Applied Islamic Economics and Finance

Perbandingan Kinerja Keuangan Perusahaan Asuransi Syariah Berdasarkan Early Warning System dan Risk-Based Capital pada PT Asuransi Jiwa Syariah Jasa Mitra Abadi Tbk Sebelum dan Sesudah Go Public

Hizrina Awaliyah, Benny Barnas — Sun, 22 Nov 2020 00:00:00 +0000

The sharia insurance industry in 2019 experienced a slowdown, as seen from the indicators of assets, contributions and gross claims. In the sharia insurance industry, the only company that has gone public is PT Asuransi Jiwa Syariah Jasa Mitra Abadi Tbk. This study aims to determine how the company's financial performance is, and to find out whether there are differences in the company's financial performance before and after going public for the 2015-2019 period. The research method used is financial ratio analysis using the Early Warning System (EWS) and Risk Based Capital (RBC) methods. The data analysis method used is a comparative descriptive analysis with a quantitative approach. The results showed that the company's financial performance after going public did not improve significantly.

Analisis Program Layanan Zakat Digital terhadap Penerimaan Zakat dengan Pendekatan Data Envelopment Analysist (DEA) pada Badan Amil Zakat Nasional

Bunga Larasati Pujianto, Kristianingsih — Sun, 22 Nov 2020 00:00:00 +0000

This research aims to determine the level of efficiency of the digital zakat program on the acceptance of BAZNAS Zakat with a method Data Envelopment Analysist (DEA) Approach. The sample of this research are operational costs and zakat receipts for digital zakat of the National Amil Zakat (BAZNAS). This research used an analytical tool of DEA (Data Envelopment Analysis) with variable Constant Return to Scale (CRS) production approach and output oriented. Variable inputs are Zakat funds (I1), Operational Costs (I2), and Digital Zakat Funds (O1). The results of this research on 2016-2018 that digital zakat service program shows the optimal level of efficiency by testing using the Data Envelopment Analysist method with the Constant Return to
Scale (CRS) model.

Analisis Pengaruh Pembiayaan Syariah dan Variabel Makro Ekonomi Terhadap Ekspor Indonesia (Studi Pada BUS Devisa dan LPEI)

Rizky Rahmawati, Djoni Djatnika — Sun, 22 Nov 2020 00:00:00 +0000

This research aims to determine the effect of financing channeled by Foreign Exchange Islamic Bank, LPEI sharia financing, inflation and exchange rates simultaneously and partially on Indonesian exports in 2015 - 2019. The sampling technique in this research is purposive sampling method and used secondary data from Bank Indonesia, BPS, OJK and the financial statements of each bank. The research used quantitative method. Data analysis techniques used is multiple linear regression ordinary least Square (OLS) using software Eviews 9. The results of this research indicate that simultaneously the financing channeled by Foreign Exchange Islamic Bank, LPEI sharia financing, inflation and exchange rates have a significant effect on Indonesian exports. Partially the financing channeled by foreign exchange Islamic Bank and inflation does not affect on Indonesian exports. LPEI sharia financing and exchange rates has a significant positive effect on Indonesian exports.

Analisis Faktor-Faktor yang Mempengaruhi FDR Bank Umum Syariah (Studi Kasus PT Bank Muamalat Indonesia Tbk)

Hanafi Nugraha, Destian Arshad — Sun, 22 Nov 2020 00:00:00 +0000

The purpose of this study is to analyze factors that affect the liquidity capability of Islamic banks in Indonesia. One of the ratios which used to measure the ability of liquidity and to assess the financial performance of an Islamic bank is FDR. variables which used are ROA, CAR, NIM, and BI Rate. The data used in the study were secondary data on the quarterly financial statements of PT. Bank Muamalat Indonesia Tbk for the period 2012-2019. The research model or analysis tool used in this study is multiple linear regression analysis using statistical data processing applications. The results of this research are that the variables ROA, CAR, NIM, and BI Rate have a simultaneous effect on FDR and partially NIM and BI Rate have a significant effect on FDR, while ROA and CAR partially do not have a significant effect on FDR.

Pengaruh Manajemen Modal Kerja Terhadap Kinerja Keuangan Perusahaan Manufaktur di Indeks Saham Syariah

Khoirun Nisa Nurul Muslimah, Mochamad Edman Syarief — Sun, 22 Nov 2020 00:00:00 +0000

This study aims to determine the effect of Working Capital Management as measured by the variables APP, ITO, ACP and CCC on the Financial Performance of Manufacturing Companies as measured by the variable ROA, ROE and EPS listed on the Sharia Stock Index for the 2015-2019 period. The population in this study uses a purposive sampling method with secondary data obtained from the annual financial statements of manufacturing companies registered at ISSI for the 2015-2019 period. This research uses descriptive analysis and path analysis using the WarpPLS 7.0 analysis tool. From this study, the results obtained that APP has a significant positive effect on ROA, ROE, and EPS. ITO has no significant effect on ROA. ITO has a significant positive effect on ROE and EPS. ACP has a significant positive effect on ROA, ROE, and EPS. CCC has no significant effect on ROA, ROE, and EPS. After a comparison between APP and ACP, it is known that in reality there are still operational activities of the company that are not in accordance with the applicable sharia provisions.

Analisis Faktor-Faktor yang Memengaruhi Risiko Likuiditas pada Bank Umum Syariah di Indonesia

Regita Nur Fitriani, Dimas Sumitra Danisworo — Sun, 22 Nov 2020 00:00:00 +0000

This research was conducted to analyze what factors affecting the liquidity risk in Islamic Banks in Indonesia. In this study, the measurement of liquidity risk will be seen from other factors that can affects liquidity risk including Cash Ratio (CsR), Size of Bank (SOB), Third Party Funds (DPK), Capital Adequacy Ratio (CAR), Net Working Capital (NWC), and Investment (INV). The research method used in this research is a quantitative descriptive analysis that uses the Eviews 9 program. The object of this analysis is twelve Islamic Banks in Indonesia which have been operating from 2014-2018. The analysis technique used is multiple regression analysis with Random Effect Model (REM) regression model. The results of this study indicate that CsR, SOB, and NWC have a significant effect on liquidity risk. While DPK, CAR, and INV have an insignificant effect on liquidity risk

Analisis Pengaruh Islamicity Performance Index terhadap Profitabilitas Bank Umum Syariah di Indonesia Tahun 2014 – 2018

Nadiya Zahra Rahmatullah, Fifi Afiyanti Tripuspitorini — Fri, 18 Dec 2020 00:00:00 +0000

Sharia banking performance needs to be measured with an approach that is by sharia objectives in addition to using conventional approaches. An alternative to this approach is to use the Islamicity Performance Index. This study was conducted to obtain empirical evidence about the effect of Islamicity Performance Index components on the profitability of Islamic commercial banks in Indonesia which is proxied by Return on Assets (ROA). This research was conducted using seven samples of Islamic banks in Indonesia using the 2014-2018 quarterly financial reports. The sample selection method uses purposive sampling. The data used in this study are secondary data obtained from each Islamic bank's website. The method used in this research is panel data regression using the eviews 10 application program. The results of this research indicate that simultaneously the selected component of the Islamicity Performance Index has a significant effect on the profitability of Islamic Commercial Banks in Indonesia. Partially, the profit sharing ratio and zakat performing ratio have no significant effect on the profitability of Islamic Commercial Banks in Indonesia. Meanwhile, the equitable distribution ratio has a significant positive effect on the profitability of Islamic Commercial Banks in Indonesia.

Dampak Faktor Eksternal dan Faktor Internal terhadap Perkembangan Bank Umum Syariah di Indonesia

Luthfiah Nurazlina, Hasbi Assidiki Mauluddi — Sun, 22 Nov 2020 00:00:00 +0000

The goal of this study was to determine the impact to which external factors such as GDP growth, inflation and BI interest rate and internal factors such as CAR, FDR and NPF have had an influence on the development of Islamic Banks in Indonesia that represented by the growth of total assets Islamic banks in Indonesia from 2015-2019. This research used a quantitative approach and the data would be analyzed using multiple regression test through panel data regression with partial test and simultaneous test provided by Eviews 10. Considering the results of the simultaneous testing, the study suggests that all variables had an impact on the development of the Islamic Bank. As for the partial test, from the external factors only the BI rate which gives a significant negative impact on the development of Islamic banks and from internal factors there are NPF and FDR which give significant negative impact. It was concluded that GDP, Inflation, and CAR did not affect the development of Islamic Banks in Indonesia.

Faktor Internal dan Eksternal Perbankan Syariah yang Mempengaruhi Tindakan Perataan Laba

Ros Melinda, Setiawan — Sun, 22 Nov 2020 00:00:00 +0000

The purpose of this study is to find out and analyze internal factors and external factors of Islamic banking which can affect the practice of income smoothing. This research was conducted at sharia commercial banks in Indonesia for the period 2013 to 2017. The population in this study amounted to 11 Islamic Commercial Banks. After sampling technique using a purposive sampling method, 10 Islamic banks were obtained which will be used as samples in the study. Whereas to see the influence of the independent variables on the dependent variable used panel data regression analysis method. Based on the results of the study it is known that simultaneously, profitability (earnings before tax and provisions), the amount of financing, Non-Performing Financing, Good Corporate Governance (the existence of the Sharia Supervisory Board), Gross Domestic Product, and the inflation rate affect income smoothing. While partially, only the variable profitability (earnings before tax and provisions), the amount of financing, and Non-Performing Financing that influence the practice of income smoothing in Islamic banking in Indonesia.

Determinan Peluang Kelayakan Pembiayaan Perusahaan Sektor Perdagangan Besar dan Eceran di Indeks Saham Syariah Indonesia

Rista Agustiani, Tjetjep Djuwarsa — Sun, 22 Nov 2020 00:00:00 +0000

This study tries to assess the feasibility opportunities of the company’s financing and to detect early the company’s capability and willingness to pay their debts which is proxied by solvency ratios, and aims to predict factors that can affect the financing feasibility opportunities using independent variables. Some of the independent variables proposed respectively are Current Ratio (CR), Total Asset Turn Over (TATO), Sharia Compliance represented by Interest-based Debt to Total Asset Ratio, and inflation as a macroeconomic factor. The research model is quantitative with a research sample from 25 wholesale and retail trade sector companies listed in Indonesian Sharia Stock Index period 2013-2018. The results of this study conclude that Current Ratio (CR) and Interest-based Debt to Total Asset ratio (IDtTA) affect the company’s financing feasibility opportunities. Meanwhile, Total Asset Turn Over (TATO) and inflation do not affect on the company’s financing feasibility opportunities. The data analysis technique used Principal Component Analysis and logistic regression technique with a predictive accuracy rate of 85,33%.

Keywords: Financing Feasibility Opportunities, Financial Ratio, Sharia Compliance, Inflation

Pengaruh NPF, FDR, CAR dan Inflasi terhadap Penyaluran Pembiayaan Modal Kerja pada BPRS di Indonesia

Hasna Rohmatunnisa, Leni Nur Pratiwi — Sun, 22 Nov 2020 00:00:00 +0000

This research aims to analyze how the independent variables of Non Performing Financing, Financing to Deposit Ratio, Capital Adequacy Ratio, and Inflation impact for the Distribution of Working Capital Financing. Data analysis method is multiple regression analysis, data obtained by monthly reports from Islamic Banking Statistics which published by Indonesia Financial Service Authority (OJK) and Inflation data which published by Indonesia Bank period Jan 2014 until Dec 2018 with the total of 58 data samples. The result of this research shows that Non Performing Financing (NPF) has a significant positif linear effect on Working Capital Financing, Financing to Deposit Ratio (FDR) and Capital Adequacy Ratio (CAR) have significant negative linear effects on Working Capital Financing, while Inflasi had no effect on Working Capital Financing. Concurrently, all the variables have significant effects on Working Capital Financing.

Kinerja Pembiayaan UMKM Terhadap Profitabilitas Bank Umum Syariah di Indonesia

Marwah Nur Al-Zauqi, Iwan Setiawan — Sun, 22 Nov 2020 00:00:00 +0000

This study aims to determine how MSME financing and Capital Adequacy affect the profits of Islamic commercial banks. This study uses a quantitative approach that analyze secondary data from statistic of Islamic Bank in Indonesia period 2016-2019. The analysis used multiple linear regression analysis methods. Data processing uses eviews program. The results of this study indicate that MSME financing has a significant positive effect on Return on Asset. Capital Adequacy Ratio has a significant positive effect on Return on Asset. MSME financing and Capital Adequacy Ratio has a simultant effect to Return on Asset. The results of this study are expected to be a material consideration for Islamic commercial banks in providing MSME financing and maintaining capital adequacy.

Analisis Pengaruh Profitabilitas, Kebijakan Dividen, Inflasi dan Nilai Tukar terhadap Nilai Perusahaan

Annisa Pujiati, Fatmi Hadiani — Sun, 22 Nov 2020 00:00:00 +0000

Tujuan dari penelitian ini adalah untuk mengetahui pengaruh dari profitabilitas, kebijakan dividen, inflasi dan nilai tukar terhadap nilai perusahaan. Populasi dari penelitian ini adalah perusahaan sektor properti, real estate dan konstruksi bangunan yang terdaftar di Indeks Saham Syariah Indonesia (ISSI) periode 2014-2018. Dalam menentukan data sampel, penelitian ini menggunakan metode purposive sampling dan didapatkan sampel sebanyak 9 perusahaan. Data penelitian yang diambil dari data sekunder yaitu laporan ringkasan kinerja serta laporan mengenai inflasi dan kurs dollar Amerika. Metode analisis yang digunakan untuk memecahkan permasalahan dalam penelitian ini adalah analisis jalur dengan menggunakan aplikasi WarpPLS 7.0. Dari penelitian ini, maka diperoleh hasil bawah profitabilitas (ROE) dan kebijakan dividen (DPR) berpengaruh positif dan signifikan terhadap nilai perusahaan (PBV), inflasi berpengaruh negatif dan tidak signifikan terhadap nilai perusahaan (PBV) dan nilai tukar (US$) berpengaruh negatif dan signifikan terhadap nilai perusahaan (PBV).

Analisis Tingkat Efisiensi Bank Umum Syariah di Indonesia pada Era Masyarakat Ekonomi Asean (MEA)

Rona Rosida, Dadang Hermawan — Sun, 22 Nov 2020 00:00:00 +0000

The purpose of this research is to identify the level of efficiency of Sharia Commercial Banks in the ASEAN Economic Community (AEC) era and also to identify the policies that can be taken by Sharia Commercial Banks to improve their efficiency by using the DEA method and VRS model with an intermediation approach. Furthermore, this research uses 6 Sharia Foreign Exchange Commercial Banks as samples. This research shows that the average Sharia Commercial Bank has been quite efficient in carrying out its role as an intermediary institution. Sharia Commercial Banks that experience fluctuations in their efficiency are BNIS and BRIS. Whereas other Sharia Commercial Banks have consistently achieved optimum efficiency. Policy recommendations that can be implemented by Sharia Commercial Banks, especially for Sharia Commercial Banks that have not yet reached the optimum level of efficiency, to increase their level of efficiency are by controlling and allocating optimal resources and by further increasing their output capacity by maintaining existing inputs.

Analisis Dampak Islamicity Performance Index dan Modal Intelektual terhadap Kinerja Keuangan Bank Umum Syariah di Indonesia

Ruri Rahmaniar, Ruhadi — Sun, 22 Nov 2020 00:00:00 +0000

This study aims to determine the extent to which Islamic banks in Indonesia apply sharia principles in carrying out their operational activities, by looking at the impact of the Islamicity Performance Index indicators, namely Profit Sharing Ratio, Zakat Performance Ratio, Equitable Distribution Ratio, Directors-Employees Welfare Ratio, Islamic Income vs Non-Islamic Income, and also intellectual capital on the financial performance of Islamic Banks by using the profitability ratio as a measure of bank performance. Secondary data were obtained from financial reports published by Islamic Banks in Indonesia for the period 2010-2018. The results indicate that the Zakat Performance Ratio partially had a significant positive impact on ROA, the Equitable Distribution Ratio and intellectual capital have a partially significant negative impact on ROA, besides simultaneously the profit sharing ratio, zakat performance ratio, equitable distribution ratio, directors-employees welfare ratio, Islamic income vs non-Islamic income, and intellectual capital have a significant impact on ROA.

Pengaruh Faktor Internal dan Faktor Eksternal Terhadap Harga Saham Perusahaan Sektor Pertambangan di ISSI

Kirana Arenggaraya, Tjetjep Djuwarsa — Sun, 22 Nov 2020 00:00:00 +0000

This study was made to analyze the influence of both internal and external factors towards stock prices of mining sector companies listed on Indeks Saham Syariah Indonesia (ISSI). Internal factors that used are Return on Assets (ROA) and Current Ratio (CR), and for the external factors are inflation and Gross Domestic Product (GDP). Stock prices used in this study is share prices of mining sector companies that consistently listed in ISSI from December 2012 to May 2019. The sample consisted of 17 companies. All of the data were obtained from the official websites of Bursa Efek Indonesia, Bank Indonesia, and World Bank. Data Panel Regression Analysis is used in this study, using Eviews 11. This study's results are: partially ROA has a positive and significant influence on stock prices, while partially CR, inflation, and GDP has positive and insignificant influences on stock prices. Simultaneously ROA, CR, inflation, and GDP have a positive and significant influences on stock prices.

Pengaruh Program Layanan Jemput Maslahah Terhadap Intensitas Penggunaan Tabungan Mudharabah

Nisa Fajriati Nurfaridah — Sun, 22 Nov 2020 00:00:00 +0000

Program Layanan Jemput Maslahah is a service provided by BJB Syariah Bank to meet customer needs by visiting customers directly to accommodate customers' transaction needs quickly and easily. This research is an evaluation of a program issued by BJB Syariah Bank. This study aims to analyze the effect of the program layanan jemput maslahah, satisfaction and trust as a mediating variable on the intensity of the use of mudharabah savings. In this study the population consisted of customers in two Bank BJB Syariah Sub-Branch Offices spread across the Regency of Bandung. The samples used in this study were 125 customers of the Syariah BJB Bank in Bandung Regency. The data used is primary data in the form of a closed questionnaire. The data analysis method used is descriptive data analysis and quantitative data analysis. The tool used to analyze data in research is SmartPLS 2.0. The results of this study indicate that Layanan Jemput Maslahah has a positive influence on the Intensity of the Use of Mudharabah Savings and Satisfaction and Trust can positively mediate between Layanan Jemput Maslahah and the Intensity of the Use of Mudharabah Savings.

Analisis Kinerja Keuangan Perusahaan dengan Menggunakan Du Pont System

Shifa Amalia Rahmani, Hasbi Assidiki Mauluddi — Sun, 22 Nov 2020 00:00:00 +0000

The development and growth of Islamic banks in Indonesia is very rapid. PT. Bank Muamalat Indonesia as a pioneer of Islamic banks in Indonesia is increasingly in the spotlight of various parties. The resulting performance is always an interesting thing to study further. The company's financial performance can be seen from the ratio of profitability, profitability, solvency and the activities it generates. One calculation tool for profitability is Return On Investment. If the Return On Investment in a company increases, then it shows the more efficient the company is in utilizing its assets, the greater the benefits that can be achieved by the company so that the company's value is also better and more efficient in generating profits. The calculation tool for calculating Return On Investment is a du pont system, where the du pont system focuses on the results of the calculation of net profit margins, total assets turn over and return on investment. The purpose of this study was to determine the financial performance of PT. Bank Muamalat Indonesia for the period 2008-2017 with the studied variables are Net Profit Margin, Total Asset Turn Over and Return On Investment. The conclusion in this study is the net profit margin, total assets turnover and return on investment produced has a fluctuating value.

Analisis Perbandingan Kinerja Keuangan Bank Umum Syariah Hasil Spin-Off dan Hasil Akuisisi

Bagus Jaya Firdaus, Diharpi Herli Setyowati — Sun, 22 Nov 2020 00:00:00 +0000

This research is a study that compares the financial performance of Sharia Commercial Bank spin-off and acquisition. This research used BJB Syariah Bank and BNI Syariah Bank as a sample from Syariah Bank of spin-off result meanwhile Bank BRI Syariah, Bank BCA Syariah, and Bank Syariah Bukopin as sample from Sharia Public Bank of acquisition result. This research uses annual data for the period 2015-2017. Data analysis technique used is different test by using hypothesis test Independent Sample T-Test and the Mann Whitney U Test. The results of this study indicate that from the results of different tests there is no significant difference from the financial performance of the Islamic Commercial Banks resulting from spin-offs and the results of Acquisitions in financial ratios CAR, ROA, FDR, NPF, and BOPO.

Pengaruh Pendapatan Pegadaian, Tingkat NPL, Tingkat Inflasi dan Harga Emas Tehadap Penyaluran Pembiayaan Gadai Rahn Pada Pegadaian Syariah

Mochamad Iqbal Aulia, Iwan Setiawan — Sun, 22 Nov 2020 00:00:00 +0000

There are internal and external influences that affect the distribution of financing in sharia pawnshops and in this study there is a phenomenon that is an increase in the distribution of rahn mortgage financing followed by a decrease in income, an increase in the level of NPL, an increase in the inflation rate, and a decline in gold prices. This study aims to analyze factors that are thought to have an influence on rahn financing, namely mortgage income, NPL level, inflation rate, and gold price. This research method is a multiple linear regression method and a classic assumption test. The results of this study are not the influence of pawnshop income on the distribution of rahn pawn financing and significantly influence the level of NPL, inflation rate, and the price of gold on the distribution of mortgage financing rahn. So that in the future can be a reference consideration in the distribution of rahn financing on sharia pawnshops based on these influential factors.