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Journal : AL-ARBAH: Journal of Islamic Finance and Banking

Analysis of Abnormal Returns Before and After the Announcement of the Merger of State-Owned Sharia Banks Indah Amalia Putri; Ferry Khusnul Mubarok Mubarok; Rofiul Wahyudi
AL-ARBAH: Journal of Islamic Finance and Banking Vol 3, No 2 (2021)
Publisher : Universitas Islam Negeri (UIN) Walisongo Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/al-arbah.2021.3.2.10097

Abstract

AbstractPurpose - This study aims to examine the capital market's reaction to the merger of BUMN Syariah Banks, which is seen as abnormal returns at PT Bank BRI Syariah Tbk.Method - The data for this study were taken ten days before and ten days after announcing the BUMN Sharia Bank merger. The data was processed by paired sample t-test using SPSS.Result - Based on the analysis and discussion results, it shows that there is no market reaction to the announcement of the signing of the BUMN Islamic bank merger on BRIS shares as seen from the abnormal returns before and after the signing of the merger, which there is no significant difference.Implication - This can happen because the world is currently facing the COVID-19 pandemic, which causes market uncertainty. In addition, abnormal returns are not the only indicator to measure the wealth created by an event. Another factor that causes no significant difference in abnormal returns is that the data used in the event window research is daily and short enough to have no visible reaction. Furthermore, the issue of a merger has also been circulating before the announcement of the signingOriginality- This article examines abnormal returns before and after the announcement of the merger of State-Owned Sharia Banks 
Analysis of Financing Risk Management Implementation at Baitul Maal Wat Tamwil Ainu Nadina; Ferry Khusnul Mubarok; Yuli Haryati
AL-ARBAH: Journal of Islamic Finance and Banking Vol 4, No 1 (2022)
Publisher : Universitas Islam Negeri (UIN) Walisongo Semarang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21580/al-arbah.2022.4.1.14664

Abstract

AbstractPurpose - This study aims to analyze the implementation of financing risk management in Sharia Cooperatives at BMT UAS Pamotan.Method - The method uses a qualitative approach, using primary data from interviews with the finance staff and reading from various references.Result - The implementation of financing risk management at BMT UAS Pamotan is through two approaches, namely internal and external. Internal approach by anticipating various possible risks, namely through management audits and evaluations. Meanwhile, externally through service maximization, and tightening 5C (Character, Capacity, Capital, Collateral, and Conditions).Implication - There needs to be a closer method between the BMT and partners (customers) so that the possibility of financing risks arising can be minimized.Originality- Analyzing qualitatively related to existing financing in Islamic microfinance institutions.