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All Journal IJIBE (International Journal of Islamic Business Ethics) BAABU AL-ILMI: Ekonomi dan Perbankan Syariah
Sholikhin, Mohammad Yusron
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Religion Economics, Econometrics & Finance Education Other

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The Effect Of Sukuk On The Profitability Of Islamic Bank In Indonesia Sholikhin, Mohammad Yusron; Amijaya, Rachmania Nurul Fitri; Herianingrum, Sri
IJIBE (International Journal of Islamic Business Ethics) Vol 5, No 1 (2020): March 2020
Publisher : UNISSULA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30659/ijibe.5.1.33-46

Abstract

The purpose of this study was to determine the effect of the development of the Sukuk market to the profitability of Islamic banks in Indonesia. This study uses a quantitative method with a vector error correction model. The data used was monthly data Sukuk and profitability of Islamic banks in the years 2011 to 2018. The results of this research are in the long term Sukuk variables have a significant influence on ROA. The results obtained from the t-statistic values of variables Sukuk amounting -6.56088. The value is greater than t table, the Effect of Sukuk itself fairly small to ROA. This study is the first study that examines the influence of Sukuk on the profitability of Islamic banks using a vector error correction model.
EXAMINING THE CORRELATION BETWEEN ISLAMIC BANKS PROFITABILITY AND THE BUSINESS CYCLE IN INDONESIA Sholikhin, Mohammad Yusron; Supriani, Indri; Amijaya, Rachmania Nurul Fitri
IJIBE (International Journal of Islamic Business Ethics) Vol 6, No 1 (2021): March 2021
Publisher : UNISSULA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30659/ijibe.6.1.37-53

Abstract

This study aims to examine the correlation between Islamic banks' profitability in Indonesia and the business cycle, which measured by composite leading Indicator (CLI). This study used several annual data covering the period from 2004-2018. This study utilizes Islamic banks profitability represent by Return on Asset (ROA) data as the dependent variable, CLI data as the dependent variable, and six control variables including Gross Domestic Product, Inflation, Financial to Deposit Ratio, Capital Adequacy Ratio, Non-Performing Finance, and Operating Costs Operating Income. This study adopted multiple regression analysis by using EViews 9.0 software. This study reveals that CLI has a positive and significant impact on ROA, which indicated that the expansion of business cycle activities would increase Islamic banks' profitability. Thus, this study suggests that Islamic bank should engage with the companies that relied on their business activities in the rill sector to boost their profitability. The limitation of this study is this study adopted Indonesian Islamic banks in general. Therefore, this study does not capture the correlation amongst the variables in the specific Islamic banks and region, which might be different from this result due to the differences in banks' internal conditions, culture, and the business cycle in the various region.
The Determinant Factors on The Movement of Sharia stock in Indonesia Amijaya, Rachmania Nurul Fitri; Sholikhin, Mohammad Yusron; Pratiwi, Azizah Esti
IJIBE (International Journal of Islamic Business Ethics) Vol 5, No 1 (2020): March 2020
Publisher : UNISSULA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30659/ijibe.5.1.60-72

Abstract

This study aims to examine the determinant factors that influence Islamic stocks, JII. The development of the global economy will have an impact on economic turnover in Indonesia. This condition leads to sharing prices will be affected by the global economy. Strengthening in various sectors is needed so that JII stability can be maintained. This study uses quantitative methods with the Vector Error Correction Model (VECM) analysis which can determine the factors that influence the Jakarta Islamic Index (JII) in the long run. The time-series data used is monthly data from January 2011 to December 2018. The result of this research presents the macroeconomic variables affect JII in the long run. This has implications for JII stability depending on the exchange rate of the rupiah against the US dollar, the business cycle, inflation, economic growth, and interest rates. Exchange rates and business cycles have a negative relationship with JII. Meanwhile, interest rates, CPI and IPI have a positive relationship with JII. This research shows the macroeconomic factors from the business-cycle, which can be taken to be determined. It seems that this study might be a suggestion for investors in making wise decisions in investing. Furthermore, the government plays a very important role in maintaining the stability of Islamic stocks and the factors that influence them. In addition, strengthening monetary policy is needed due to the stock movements cannot be separated from the policy.
Analisis Perubahan Kebijakan Pajak di Negara GCC dalam Perspektif Ekonomi Islam Amijaya, Rachmania Nurul Fitri; Sholikhin, Mohammad Yusron
Jurnal BAABU AL-ILMI: Ekonomi dan Perbankan Syariah Vol 7, No 2 (2022): Islamic economics and banking research
Publisher : Universitas Islam Negeri Fatmawati Sukarno Bengkulu

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29300/ba.v7i2.2859

Abstract

G.C.C. countries use oil as a significant source of state revenue because the G.C.C. region is a collection of world oil-producing countries. However, since the world oil price slumped from 2005-2008, governments have changed course by imposing taxes on their citizens. The point of this study is to argue the G.C.C. countries that have changed their tax-free system in their economy into countries that apply taxes today. Then, the views of some Muslim scientists related to taxation are related to changes in tax policy in G.C.C. countries. The qualitative method is used in this paper with a critical approach and analysis of several kinds of literature and financial reports relating to changes in tax policy in the G.C.C. area. The results of this study explain that the G.C.C. countries compile a value-added tax of 5%, which is applied to several basic needs such as food, clothing, water, and electricity bills. Later, some Muslim scientists agreed on the existence of taxes for the common good, a source of revenue for public facilities and services.
Co-Authors Pratiwi, Azizah Esti Rachmania Nurul Fitri Amijaya Sri Herianingrum Supriani, Indri