Pub Date : 2020-10-08DOI: 10.15408/ETK.V19I2.16284
R. Kasri, B. M. Haidlir, M. B. Prasetyo, Tika Arundina Aswin, Fenny Rosmanita
Despite the rapid development of the Islamic financial sector in Indonesia, the development of Islamic pension funds is way behind those of the other Islamic financial sectors. This study aims to explore the opportunities and challenges faced by Indonesian Islamic pension funds. Utilizing a qualitative research method, the study conducted Focus Group Discussions with 23 large pension funds spread across five big cities in Indonesia. It was revealed that opportunities and prospects for developing Islamic pension funds in Indonesia are relatively good. However, various internal and external challenges were found, such as a lack of knowledge; the weak commitment of founders; lack of quality human resources; relatively unfavorable tax treatment; limited investment instruments; competition with government pension schemes; and public literacy problems. Therefore, two broad strategies are recommended to develop the Islamic funds, namely the provision of direct/indirect incentives to market players, and literacy programmes to targeted/priority groups. These strategies are expected to encourage and accelerate the growth of Indonesia's Islamic pension fund industry in the future. JEL Classification: H55, H75, J32 How to Cite: Kasri, R. A., Haidlir, B. H., Prasetyo, M. B., Aswin, T. A., Rosmanita, F. (2020). Probability of Paying Zakat from Micro Financing Project Return. Etikonomi: Jurnal Ekonomi , 19(2), xx – xx. https://doi.org/10.15408/etk.v19i2.16284.
{"title":"Opportunities and Challenges in Developing Islamic Pension Funds in Indonesia","authors":"R. Kasri, B. M. Haidlir, M. B. Prasetyo, Tika Arundina Aswin, Fenny Rosmanita","doi":"10.15408/ETK.V19I2.16284","DOIUrl":"https://doi.org/10.15408/ETK.V19I2.16284","url":null,"abstract":"Despite the rapid development of the Islamic financial sector in Indonesia, the development of Islamic pension funds is way behind those of the other Islamic financial sectors. This study aims to explore the opportunities and challenges faced by Indonesian Islamic pension funds. Utilizing a qualitative research method, the study conducted Focus Group Discussions with 23 large pension funds spread across five big cities in Indonesia. It was revealed that opportunities and prospects for developing Islamic pension funds in Indonesia are relatively good. However, various internal and external challenges were found, such as a lack of knowledge; the weak commitment of founders; lack of quality human resources; relatively unfavorable tax treatment; limited investment instruments; competition with government pension schemes; and public literacy problems. Therefore, two broad strategies are recommended to develop the Islamic funds, namely the provision of direct/indirect incentives to market players, and literacy programmes to targeted/priority groups. These strategies are expected to encourage and accelerate the growth of Indonesia's Islamic pension fund industry in the future. JEL Classification: H55, H75, J32 How to Cite: Kasri, R. A., Haidlir, B. H., Prasetyo, M. B., Aswin, T. A., Rosmanita, F. (2020). Probability of Paying Zakat from Micro Financing Project Return. Etikonomi: Jurnal Ekonomi , 19(2), xx – xx. https://doi.org/10.15408/etk.v19i2.16284.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":"19 1","pages":""},"PeriodicalIF":0.8,"publicationDate":"2020-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42595422","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-10-08DOI: 10.15408/ETK.V19I2.16062
E. Firmansyah, Nirmala Andanawari
It has been nine years since the Indonesia Stock Exchange established a Syariah Online Trading System (SOTS), but the number of investors using this system is still relatively small compared to the regular investor. Moreover, the number is much smaller than the potential number of sharia financial markets. This study aims to describe Muslim investors' behavior in Indonesia who use the regular stock account instead of the sharia account. We surveyed by using both offline and online questionnaires, whereby the investors ask to compose the imaginary stock portfolios consisting of stocks and their weights. Using a convenience sampling method, we succeeded in interviewing 85 respondents spread across Indonesia. This study shows that the risk appetite of Indonesian Muslim investors is risk-averse, and they consider sharia aspects in their investment decision. Nonetheless, the compliance to sharia varies among them. Hence, Indonesian Muslim investors cannot be seen and treat as a homogenous group. JEL Classification : G12, G15, G33 How to Cite: Firmansyah, E. A., & Andanawari, N. (2020). Risk Appetite and Investment Behavior: A Study on Indonesia Muslim Investors. Etikonomi: Jurnal Ekonomi , 19(2), xx – xx. https://doi.org/10.15408/etk.v19i2.16062.
印度尼西亚证券交易所建立伊斯兰在线交易系统(SOTS)已经有9年了，但与普通投资者相比，使用该系统的投资者数量仍然相对较少。此外，这个数字远远小于伊斯兰金融市场的潜在数量。本研究旨在描述印尼穆斯林投资者使用常规股票账户而非伊斯兰账户的行为。我们通过使用离线和在线问卷进行调查，投资者要求组成由股票及其权重组成的假想股票投资组合。使用方便的抽样方法，我们成功地采访了遍布印度尼西亚的85名受访者。本研究表明，印尼穆斯林投资者的风险偏好是风险厌恶的，他们在投资决策中考虑伊斯兰教法方面的因素。尽管如此，他们对伊斯兰教法的遵守程度各不相同。因此，印尼穆斯林投资者不能被视为一个同质群体。JEL分类:G12, G15, G33引用方式:Firmansyah, E. A， & andanwari, N.(2020)。风险偏好与投资行为:印尼穆斯林投资者研究。经济学报，19(2)，xx - xx。https://doi.org/10.15408/etk.v19i2.16062。
{"title":"Risk Appetite and Investment Behavior: A Study on Indonesia Muslim Investors","authors":"E. Firmansyah, Nirmala Andanawari","doi":"10.15408/ETK.V19I2.16062","DOIUrl":"https://doi.org/10.15408/ETK.V19I2.16062","url":null,"abstract":"It has been nine years since the Indonesia Stock Exchange established a Syariah Online Trading System (SOTS), but the number of investors using this system is still relatively small compared to the regular investor. Moreover, the number is much smaller than the potential number of sharia financial markets. This study aims to describe Muslim investors' behavior in Indonesia who use the regular stock account instead of the sharia account. We surveyed by using both offline and online questionnaires, whereby the investors ask to compose the imaginary stock portfolios consisting of stocks and their weights. Using a convenience sampling method, we succeeded in interviewing 85 respondents spread across Indonesia. This study shows that the risk appetite of Indonesian Muslim investors is risk-averse, and they consider sharia aspects in their investment decision. Nonetheless, the compliance to sharia varies among them. Hence, Indonesian Muslim investors cannot be seen and treat as a homogenous group. JEL Classification : G12, G15, G33 How to Cite: Firmansyah, E. A., & Andanawari, N. (2020). Risk Appetite and Investment Behavior: A Study on Indonesia Muslim Investors. Etikonomi: Jurnal Ekonomi , 19(2), xx – xx. https://doi.org/10.15408/etk.v19i2.16062.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2020-10-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42630169","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-09-28DOI: 10.15408/ETK.V19I2.15113
J. Duasa, N. Zainal
The study aims to investigate the probability of paying zakat among participants or recipients of micro-finance scheme of Amanah Ikhtiar Malaysia. A survey is conducted on participants of Amanah Ikhtiar Malaysia scheme using convenience sampling in Perak and Kelantan. Data from the survey are analyzed using descriptive statistics and logistic regression. The results show that higher probability of paying zakat among respondents determined by small household size, lower per capita income, higher education level and those living in Perak. Thus, efforts should be taken by zakat institutions to well develop good and efficient methods of zakat collection among the participants specifically among low educated and higher income/return of the projects. JEL Classification : C31, C83, D64, I39, G23 How to Cite: Duasa, J., & Zainal, N. H. (2020). Probability of Paying Zakat from Micro Financing Project Return. Etikonomi: Jurnal Ekonomi , 19(2), xx – xx. https://doi.org/10.15408/etk.v19i2.15113.
{"title":"Probability of Paying Zakat from Micro financing Project Returns","authors":"J. Duasa, N. Zainal","doi":"10.15408/ETK.V19I2.15113","DOIUrl":"https://doi.org/10.15408/ETK.V19I2.15113","url":null,"abstract":"The study aims to investigate the probability of paying zakat among participants or recipients of micro-finance scheme of Amanah Ikhtiar Malaysia. A survey is conducted on participants of Amanah Ikhtiar Malaysia scheme using convenience sampling in Perak and Kelantan. Data from the survey are analyzed using descriptive statistics and logistic regression. The results show that higher probability of paying zakat among respondents determined by small household size, lower per capita income, higher education level and those living in Perak. Thus, efforts should be taken by zakat institutions to well develop good and efficient methods of zakat collection among the participants specifically among low educated and higher income/return of the projects. JEL Classification : C31, C83, D64, I39, G23 How to Cite: Duasa, J., & Zainal, N. H. (2020). Probability of Paying Zakat from Micro Financing Project Return. Etikonomi: Jurnal Ekonomi , 19(2), xx – xx. https://doi.org/10.15408/etk.v19i2.15113.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2020-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46006973","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-09-28DOI: 10.15408/ETK.V19I2.15614
S. Najma, Ramadhan Razali, H. Desky
Employer-labor conflicts are sometimes eternal and challenging to solve. Game theory is one of the essential ideas in settling these conflicts. Furthermore, employer-labor interactions in conflict situations are strategic. In case the employer-labor relationship is noncooperative, taking place only once, both parties are involved in a prisoner’s dilemma situation. In cooperative game theory, the players work together to win the game. Organizational management needs to consider strategic behavior, built-in cooperative games, effective and efficient collaboration between workers and employers. This study examines employer-labor conflict resolution with game theory. It incorporates Islamic ethical values using qualitative research methods. Cooperative games built on employer-labor relations derive from the brotherhood principles (ukhuwah), justice (‘adl), and goodness (ihsan) that maximizes cooperation and prevent conflicts.
{"title":"Arrangements of Employer-Labor Conflicts With Game Theory: Implementation of Islamic Ethic Value","authors":"S. Najma, Ramadhan Razali, H. Desky","doi":"10.15408/ETK.V19I2.15614","DOIUrl":"https://doi.org/10.15408/ETK.V19I2.15614","url":null,"abstract":"Employer-labor conflicts are sometimes eternal and challenging to solve. Game theory is one of the essential ideas in settling these conflicts. Furthermore, employer-labor interactions in conflict situations are strategic. In case the employer-labor relationship is noncooperative, taking place only once, both parties are involved in a prisoner’s dilemma situation. In cooperative game theory, the players work together to win the game. Organizational management needs to consider strategic behavior, built-in cooperative games, effective and efficient collaboration between workers and employers. This study examines employer-labor conflict resolution with game theory. It incorporates Islamic ethical values using qualitative research methods. Cooperative games built on employer-labor relations derive from the brotherhood principles (ukhuwah), justice (‘adl), and goodness (ihsan) that maximizes cooperation and prevent conflicts.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2020-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49101752","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-09-28DOI: 10.15408/ETK.V19I2.15538
Yaser Taufik Syamlan, M. Mukhlisin
This study aims to propose a model of Zero Waste Accounting in Islamic Financial Institutions in Indonesia and how it is relevant to the achievement of Sustainable Development Goals (SDGs). Due to the nature of the research that is exploration thus the research adopts interpretative approach that is essential to validate the research with “convincingness” approach rather than positivist measures of the reliability, validity of data and the generalization of results. The finding documents that Zero Waste Accounting is in vein with the spirit of Maqashid ul-Shariah that has been embedded as a part of the purpose of Islamic financial institution establishment. Statement of Sources and Uses of Zero Waste Accounting should become one of the additional disclosures. The paper sheds a light the need on Zero Waste Accounting for the accounting standard setters. JEL Classification : G20, G52, Q56 How to Cite: Syamlan, Y. T., & Mukhlisin, M. (2020). Zero Waste Accounting in Islamic Financial Institutions in Indonesia and Its Role in Achieving Sustainable Development Goals. Etikonomi: Jurnal Ekonomi , 19(2), xx – xx. https://doi.org/10.15408/etk.v19i2.15538.
{"title":"Zero Waste Accounting for Islamic Financial Institutions in Indonesia and Its Role in Achieving Sustainable Development Goals","authors":"Yaser Taufik Syamlan, M. Mukhlisin","doi":"10.15408/ETK.V19I2.15538","DOIUrl":"https://doi.org/10.15408/ETK.V19I2.15538","url":null,"abstract":"This study aims to propose a model of Zero Waste Accounting in Islamic Financial Institutions in Indonesia and how it is relevant to the achievement of Sustainable Development Goals (SDGs). Due to the nature of the research that is exploration thus the research adopts interpretative approach that is essential to validate the research with “convincingness” approach rather than positivist measures of the reliability, validity of data and the generalization of results. The finding documents that Zero Waste Accounting is in vein with the spirit of Maqashid ul-Shariah that has been embedded as a part of the purpose of Islamic financial institution establishment. Statement of Sources and Uses of Zero Waste Accounting should become one of the additional disclosures. The paper sheds a light the need on Zero Waste Accounting for the accounting standard setters. JEL Classification : G20, G52, Q56 How to Cite: Syamlan, Y. T., & Mukhlisin, M. (2020). Zero Waste Accounting in Islamic Financial Institutions in Indonesia and Its Role in Achieving Sustainable Development Goals. Etikonomi: Jurnal Ekonomi , 19(2), xx – xx. https://doi.org/10.15408/etk.v19i2.15538.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2020-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49439685","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-09-28DOI: 10.15408/ETK.V19I2.16274
Dede Nurohman, Ilma Mufidatul Lutfiana, Novi Khoiriawati
The rating of Sukuk becomes the reflection of the capital markets' activities. The better rating of Sukuk, the more investor is interested in purchasing a Sukuk. This study aimed to examine the effects of leverage, liquidity, and profitability on Sukuk's rating. The technique of data analysis employed was ordinal logistic regression. The research result revealed that the leverage and liquidity affected the Sukuk. Meanwhile, the profitability did not affect the rating of Sukuk. The test result simultaneously showed that the leverage variable and liquidity affected the Sukuk rating. Overall, this study's research result supported the previous research that discovered the impacts of leverage and liquidity variables on Sukuk's rating. The implication is that companies should improve their leverage and liquidity performance to improve the bond rating. JEL Classifications : G1 How to Cite: Nurohman, D., Lutfiana, I. M., & Khoiriawati, N. (2020). Effects of Leverage, Liquidity, and Profitability on The Rating of Sukuk. Etikonomi: Jurnal Ekonomi , 19(2), xx – xx. https://doi.org/10.15408/etk.v19i2.16274.
{"title":"Effects of Leverage, Liquidity, and Profitability on The Rating of Sukuk","authors":"Dede Nurohman, Ilma Mufidatul Lutfiana, Novi Khoiriawati","doi":"10.15408/ETK.V19I2.16274","DOIUrl":"https://doi.org/10.15408/ETK.V19I2.16274","url":null,"abstract":"The rating of Sukuk becomes the reflection of the capital markets' activities. The better rating of Sukuk, the more investor is interested in purchasing a Sukuk. This study aimed to examine the effects of leverage, liquidity, and profitability on Sukuk's rating. The technique of data analysis employed was ordinal logistic regression. The research result revealed that the leverage and liquidity affected the Sukuk. Meanwhile, the profitability did not affect the rating of Sukuk. The test result simultaneously showed that the leverage variable and liquidity affected the Sukuk rating. Overall, this study's research result supported the previous research that discovered the impacts of leverage and liquidity variables on Sukuk's rating. The implication is that companies should improve their leverage and liquidity performance to improve the bond rating. JEL Classifications : G1 How to Cite: Nurohman, D., Lutfiana, I. M., & Khoiriawati, N. (2020). Effects of Leverage, Liquidity, and Profitability on The Rating of Sukuk. Etikonomi: Jurnal Ekonomi , 19(2), xx – xx. https://doi.org/10.15408/etk.v19i2.16274.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2020-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46516325","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-09-28DOI: 10.15408/ETK.V19I2.16310
Khalifah Muhamad Ali, Salina Kassim
Previous studies about waqf for forest conservation mostly concentrated on its potential or its prospect for forest preservation or environmental protection. In contrast, a detailed discussion about how to establish a waqf forest to support the SDGs is still noticeably absent. This paper aims to formulate a scheme of productive waqf forests that can help the achievement of Sustainable Development Goals (SDGs). To our knowledge, this is the first paper that provides a scheme of productive waqf-based forest. The present study was conducted using a literature study method and interpretative analysis. The result shows that a productive waqf forest should supply no t only intangible benefits but also generate tangible benefits that can be used for the waqf forest development. Both benefits which support some main points of SDGs, such as in reducing poverty and hunger, maintaining climate, health, biodiversity, and water supply, are mainly delivered to the mauquf’alaihi. JEL Classification : D64, G23, Q01, Q23, Z12. How to Cite: Ali, K. M., & Kassim, S. (2020). Waqf Forest: How Waqf Can Play a Role In Forest Preservation and SDGs Achievement?. Etikonomi: Jurnal Ekonomi , 19(2), xx – xx. https://doi.org/10.15408/etk.v19i2.16310.
以往关于森林保护waqf的研究主要集中在waqf在森林保护或环境保护方面的潜力或前景。相比之下，关于如何建立森林以支持可持续发展目标的详细讨论仍然明显缺失。本文旨在制定一个有助于实现可持续发展目标(SDGs)的生产性森林方案。据我们所知，这是第一篇提供了一种基于waqf的生产性森林方案的论文。本研究采用文献研究法和解释分析法。结果表明，一个生产性的林场不仅要提供无形效益，而且要产生可用于林场发展的有形效益。这两项福利都支持可持续发展目标的一些要点，如减少贫困和饥饿、维持气候、健康、生物多样性和供水，这些福利主要提供给了mauquf 'alaihi。JEL分类:D64、G23、Q01、Q23、Z12。如何引用:Ali, K. M. & Kassim, S.(2020)。Waqf森林:Waqf如何在森林保护和可持续发展目标实现中发挥作用?经济学报，19(2)，xx - xx。https://doi.org/10.15408/etk.v19i2.16310。
{"title":"Waqf Forest: How Waqf Can Play a Role In Forest Preservation and SDGs Achievement?","authors":"Khalifah Muhamad Ali, Salina Kassim","doi":"10.15408/ETK.V19I2.16310","DOIUrl":"https://doi.org/10.15408/ETK.V19I2.16310","url":null,"abstract":"Previous studies about waqf for forest conservation mostly concentrated on its potential or its prospect for forest preservation or environmental protection. In contrast, a detailed discussion about how to establish a waqf forest to support the SDGs is still noticeably absent. This paper aims to formulate a scheme of productive waqf forests that can help the achievement of Sustainable Development Goals (SDGs). To our knowledge, this is the first paper that provides a scheme of productive waqf-based forest. The present study was conducted using a literature study method and interpretative analysis. The result shows that a productive waqf forest should supply no t only intangible benefits but also generate tangible benefits that can be used for the waqf forest development. Both benefits which support some main points of SDGs, such as in reducing poverty and hunger, maintaining climate, health, biodiversity, and water supply, are mainly delivered to the mauquf’alaihi. JEL Classification : D64, G23, Q01, Q23, Z12. How to Cite: Ali, K. M., & Kassim, S. (2020). Waqf Forest: How Waqf Can Play a Role In Forest Preservation and SDGs Achievement?. Etikonomi: Jurnal Ekonomi , 19(2), xx – xx. https://doi.org/10.15408/etk.v19i2.16310.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2020-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42685084","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-09-28DOI: 10.15408/ETK.V19I2.15528
Perdana Wahyu Santosa, Any Setianingrum, N. Huda
This study is essential because Islamic banks have a higher NPF level than conventional banks and examine whether macroeconomic indicators (macro-risk), internal factors of banking (GCG-earnings-capital) risk profile correlate term Indonesian Islamic banking. The method used is the correlation analysis involving four macro-risk variables (Forex; BI rate; Inflation and GDP), three GEC variables (GCG; ROA, and CAR), and two risk profiles (FDR and NPF). The number of samples is the ten largest Indonesia sharia commercial banks with the 2011-2018 periods. This research finds that macroeconomic indicators positively correlate to non-performing financing (NPF). The GEC positively correlates to NPF and FDR; GEC is negatively correlated to macro-risk indicators. However, some indicators are negatively correlated, such as GDP-corporate governance, Forex-profitability, GDP-efficiency, BI ratecapital, and profitability-NPF. The study proposed managerial implications to understand the relationship between macroeconomic, internal factors, and risk profile in Islamic bank lending.
{"title":"The Relationship of Macro-risk Indicators, Internal Factors, and Risk Profile of Islamic Banking in Indonesia","authors":"Perdana Wahyu Santosa, Any Setianingrum, N. Huda","doi":"10.15408/ETK.V19I2.15528","DOIUrl":"https://doi.org/10.15408/ETK.V19I2.15528","url":null,"abstract":"This study is essential because Islamic banks have a higher NPF level than conventional banks and examine whether macroeconomic indicators (macro-risk), internal factors of banking (GCG-earnings-capital) risk profile correlate term Indonesian Islamic banking. The method used is the correlation analysis involving four macro-risk variables (Forex; BI rate; Inflation and GDP), three GEC variables (GCG; ROA, and CAR), and two risk profiles (FDR and NPF). The number of samples is the ten largest Indonesia sharia commercial banks with the 2011-2018 periods. This research finds that macroeconomic indicators positively correlate to non-performing financing (NPF). The GEC positively correlates to NPF and FDR; GEC is negatively correlated to macro-risk indicators. However, some indicators are negatively correlated, such as GDP-corporate governance, Forex-profitability, GDP-efficiency, BI ratecapital, and profitability-NPF. The study proposed managerial implications to understand the relationship between macroeconomic, internal factors, and risk profile in Islamic bank lending.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2020-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48272854","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-09-28DOI: 10.15408/ETK.V19I2.15862
S. Suhail, M. Nurzaman
This research aims to analyze the efficiency level of 13 Islamic Banks in Indonesia, Saudi Arabia, and the United Kingdom from 2015 to 2019. The calculation of the efficiency level in this study is relative, not absolute. This study uses the Data Envelopment Analysis (DEA) method and source data from Bankscope and Bank Focus. This research consists of 3 input variables that are Total of Assets (X1), Staff Expenses (X2) and Total Deposit (X3), and 2 Output that is Income (Y1) and Loan (Y2). This research finds that the overall efficiency level of 13 Islamic banks in Indonesia, Saudi Arabia, and the United Kingdom are fluctuating. According to the result, the Islamic banks in Saudi Arabia is more efficient than in Indonesia and the United Kingdom. There are some inefficient variables—the solution for this inefficiency problem achieve by employing managerial simulation generated by DEA. This study implies that Islamic banks should reduce wasteful variables and optimize the variables that improve the efficiency.
{"title":"How Efficient are Islamic Banks in Indonesia, Saudi Arabia, and the United Kingdom?","authors":"S. Suhail, M. Nurzaman","doi":"10.15408/ETK.V19I2.15862","DOIUrl":"https://doi.org/10.15408/ETK.V19I2.15862","url":null,"abstract":"This research aims to analyze the efficiency level of 13 Islamic Banks in Indonesia, Saudi Arabia, and the United Kingdom from 2015 to 2019. The calculation of the efficiency level in this study is relative, not absolute. This study uses the Data Envelopment Analysis (DEA) method and source data from Bankscope and Bank Focus. This research consists of 3 input variables that are Total of Assets (X1), Staff Expenses (X2) and Total Deposit (X3), and 2 Output that is Income (Y1) and Loan (Y2). This research finds that the overall efficiency level of 13 Islamic banks in Indonesia, Saudi Arabia, and the United Kingdom are fluctuating. According to the result, the Islamic banks in Saudi Arabia is more efficient than in Indonesia and the United Kingdom. There are some inefficient variables—the solution for this inefficiency problem achieve by employing managerial simulation generated by DEA. This study implies that Islamic banks should reduce wasteful variables and optimize the variables that improve the efficiency.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2020-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"45394081","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2020-09-28DOI: 10.15408/ETK.V19I2.15706
A. Setiawan, Amilin Amilin, Mnr Al Arif
This study aims to review the development of research related to Islamic banks' performance measurement and various alternative models. It uses a meta-analysis approach to identify other previous studies from various journals and relevant researches. The results show that the measurement of Islamic bank performance mostly uses financial performance measurements similar to conventional bank performance measurements, which use financial ratios and efficiency. There have been several serious efforts to develop alternative models for measuring Islamic banks' performance to reflect their nature and objectives better. These models include the Islamicity Index, Economic Contribution and Muslim Communities, Social Performance Index, Maqashid Index, and Islamic Bank Maqashid Index. However, eventually, these models are still in the early stages of development and have several weaknesses. Thus, it is still necessary to develop a model for measuring Islamic bank performance relevant to its philosophy and objectives. JEL Classification : G21, L25 How to Cite: Setiawan, A. B., Amilin., & Al Arif, M. N. R. (2020). Recent Development of Islamic Banking Performance Measurement. Etikonomi: Jurnal Ekonomi , 19(2), xx – xx. https://doi.org/10.15408/etk.v19i2.15706.
{"title":"Recent Development of Islamic Banking Performance Measurement","authors":"A. Setiawan, Amilin Amilin, Mnr Al Arif","doi":"10.15408/ETK.V19I2.15706","DOIUrl":"https://doi.org/10.15408/ETK.V19I2.15706","url":null,"abstract":"This study aims to review the development of research related to Islamic banks' performance measurement and various alternative models. It uses a meta-analysis approach to identify other previous studies from various journals and relevant researches. The results show that the measurement of Islamic bank performance mostly uses financial performance measurements similar to conventional bank performance measurements, which use financial ratios and efficiency. There have been several serious efforts to develop alternative models for measuring Islamic banks' performance to reflect their nature and objectives better. These models include the Islamicity Index, Economic Contribution and Muslim Communities, Social Performance Index, Maqashid Index, and Islamic Bank Maqashid Index. However, eventually, these models are still in the early stages of development and have several weaknesses. Thus, it is still necessary to develop a model for measuring Islamic bank performance relevant to its philosophy and objectives. JEL Classification : G21, L25 How to Cite: Setiawan, A. B., Amilin., & Al Arif, M. N. R. (2020). Recent Development of Islamic Banking Performance Measurement. Etikonomi: Jurnal Ekonomi , 19(2), xx – xx. https://doi.org/10.15408/etk.v19i2.15706.","PeriodicalId":41552,"journal":{"name":"Etikonomi","volume":" ","pages":""},"PeriodicalIF":0.8,"publicationDate":"2020-09-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49226627","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
京公网安备 11010802042870号
京ICP备2023020795号-1
扫码关注我们
求助内容：
应助结果提醒方式：