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Determinan Indeks Saham Syariah di Indonesia dan Malaysia Zety Nasyatia; M. Nur Rianto Al Arif
Al-Urban: Jurnal Ekonomi Syariah dan Filantropi Islam Vol. 3 No. 2 (2019): Desember
Publisher : Universitas Muhammadiyah Prof. DR. HAMKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (311.492 KB) | DOI: 10.22236/alurban_vol3/is2pp107-116

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Islamic stock indices are influenced by many factors, both domestic and foreign. This study tried to test the determinants of Islamic stock indexes in Indonesia and Malaysia. Using data in the 2012-2017 periods, this study found that there were several factors that influenced the Islamic stock index in Indonesia and Malaysia. World gold prices and the Dow Jones Islamic Market (DJIUS) affect sharia stock indices in both Indonesia and Malaysia. For the world oil price variable only affects the Islamic stock index in Malaysia, but not in Indonesia. While the inflation rate has no effect on sharia stock indexes in Indonesia and Malaysia. This finding has important implications for determining policies related to the Islamic capital market.
Persepsi UPZ dan Non UPZ Tingkat Masjid Terhadap BAZNAS Kota Tangerang Selatan Faishal Robbani; Mohammad Nur Rianto Al Arif
Al-Urban: Jurnal Ekonomi Syariah dan Filantropi Islam Vol. 5 No. 2 (2021)
Publisher : Universitas Muhammadiyah Prof. DR. HAMKA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22236/alurban_vol4/is1pp101-114

Abstract

This study aims to determine the perception of UPZ and Non-UPZ Mosque Level towards BAZNAS South Tangerang City. The object of this research is mosques in South Tangerang City. The factors studied are transparency, accountability and the socialization of the BAZNAS program. The research method used is a quantitative approach with logistic regression analysis techniques. The sample of this study is the mosques of South Tangerang City with the criteria of a mosque that has a large potential of zakat totaling 30 mosques obtained from the calculation using the Slovin formula. The instrument used in this study was a questionnaire. The results of this study indicate that the perception of UPZ and Non-UPZ Mosque Level towards BAZNAS South Tangerang City is influenced by several problems. These problems can be categorized, namely lack of public trust due to lack of transparency and accountability of the government or agency that deals with zakat funds, then the lack of public understanding of UPZ due to the lack of socialization to educate the public.
Branchless banking and profitability in the Indonesian Islamic banking industry Mohammad Nur Rianto Al Arif; Uut Tri Cahyani
Jurnal Ekonomi & Keuangan Islam Volume 7 No. 2, July 2021
Publisher : Faculty of Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/jeki.vol7.iss2.art4

Abstract

Purpose – This study aims to examine the effect of branchless banking on the level of profitability in Islamic banks.Methodology – This study uses two Islamic banks that have implemented branchless banking (BRI Syariah and BTPN Syariah) and two Islamic banks that have not implemented this policy (BNI Syariah and Bukopin Syariah). This study uses regression analysis techniques with panel data. The model used in this study is the fixed effect model.Findings – This study shows that the branchless banking policy has a positive impact on profitability. This result implies that the implementation of branchless banking can improve the performance of Islamic banks in Indonesia. So, it is hoped that other Islamic banks can implement this branchless banking policy to overcome the limitations of their network. In addition, branchless banking can expand customer reach to areas that have not been served well by Islamic banks.Originality – Research on branchless banking in Islamic banks in Indonesia is still limited. There are only few studies comparing banks that have implemented branchless banking with banks that have not implemented this policy. Therefore, this research will contribute to a study that discusses branchless banking in Islamic banks in Indonesia, especially its impact on performance.
Monopoly and Ikhtikar in Islamic Economics M. Nur Rianto Al Arif
Shirkah: Journal of Economics and Business Vol. 1 No. 3 (2016)
Publisher : Universitas Islam Negeri Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (202.525 KB) | DOI: 10.22515/shirkah.v1i3.37

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Monopoly is a form of market imperfection, which does not occur in a competitive market. Ikhtikar is a form of market distortion caused by the occurrence of engineering in the market. Monopoly, from the perspective of Islamic economics, differs from ikhtikar. There are several criteria that must be met in order for an economic action to fulfill the category of ikhtikar. In Islamic economics, it is prohibited for a producer to deliberately engineer, either by hoarding or proporting scarcity, to obtain greater profits as price becomes more expensive. In Islamic economics, a monopoly is permitted, though monopolies can not charge rent. The government must take an effective role in preventing market distortion to maximize the wellbeing of society. Keywords: ikhtikar, monopoly, government’s role, islamic economics 
Implementasi Kebijakan Tata Kelola Pembiayaan Badan Layanan Umum pada Universitas Islam Negeri Jaenudin Jaenudin; Muhammad Nur Rianto Al Arif; Iif Fikriyati Ihsani
Jurnal Perspektif Vol 6, No 1 (2022): Jurnal Perspektif: Volume 6 Nomor 1 Tahun 2022
Publisher : UIN Sunan Gunung Djati Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15575/jp.v6i1.167

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Tulisan ini menjelaskan perbedaan implementasi kebijakan tata kelola pembiayaan pada universitas berdampak kepada mutu manajemen. Penelitian dilakukan kepada dua perguruan tinggi Islam terkemuka, UIN Syarif Hidayatullah Jakarta dan UIN Maulana Malik Ibrahim Malang. Artikel ini didasarkan pada hipotesis kombinasi dari pembiayaan mandiri pendidikan tinggi dengan batasan lebih ketat pada anggaran negara telah menyebabkan institusi pendidikan tinggi untuk melakukan studi beban kerja pada sumber daya internal. Pengelolaan badan layanan umum yang mengutamakan prinsip efisiensi dan produktivitas merupakan bagian dari hipotesis kombinasi yang menuntut perguruan tinggi untuk menerapkan praktik-praktik bisnis untuk meningkatkan layanan penyediaan jasa pendidikan. Melalui pendekatan empiris ditemukan peningkatan kepatuhan terhadap kebijakan peraturan perundang-undangan pembiayaan namun terjadi distorsi dalam kebijakan sentralisasi dan desentralisasi pembiayaan yang berdampak kepada kinerja sumber daya
COMPARISON OF ISLAMIC BANKING PERFORMANCE IN INDONESIA, PAKISTAN, AND BANGLADESH: SHARIA MAQASHID INDEX APPROACH Mohammad Nur Rianto Al Arif; Dede Yati
Share: Jurnal Ekonomi dan Keuangan Islam Vol 10, No 1 (2021)
Publisher : Faculty of Islamic Economics and Business, Universitas Islam Negeri Ar-Raniry

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (676.27 KB) | DOI: 10.22373/share.v10i1.9351

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There is a different characteristic between Islamic banks and conventional banks, so Islamic banks must have performance measures based on Islamic values in them. This study aims to measure the performance of Islamic banks in three countries - Bangladesh, Indonesia, and Pakistan - using the Sharia Maqashid Index. Also, this study examined whether there were differences in Sharia Maqashid Islamic bank indexes in the three countries using the one-way ANOVA test. The results of the study, in general, showed that the Al-Arafah Islamic Bank of Bangladesh received the highest score, followed by Bank of BNIS and Bank of BRIS. Besides, the results of the study also showed that there were differences in performance. This result implies that Islamic banks should use the maqashid sharia framework as a benchmark for their objective and performance indicators.========================================================================================================ABSTRAK – Perbandingan Kinerja Perbankan Syariah di Indonesia, Pakistan, dan Bangladesh: Pendekatan Indeks Maqashid Syariah. Terdapat perbedaan karakteristik antara bank syariah dan bank konvensional, sehingga ukuran kinerja bank syariah harus didasarkan pada nilai-nilai syariah yang terdapat di dalamnya. Penelitian ini bertujuan untuk mengukur kinerja bank syariah di tiga negara yaitu Bangladesh, Indonesia, dan Pakistan dengan menggunakan Sharia Maqashid Index. Selain itu, penelitian ini juga menguji apakah ada perbedaan indeks bank syariah Maqashid Syariah di tiga negara dengan menggunakan uji one-way ANOVA. Hasil penelitian secara umum menunjukkan bahwa Bank Islam Al-Arafah Bangladesh memperoleh skor tertinggi, disusul oleh Bank BNIS dan Bank BRIS. Selain itu, hasil penelitian juga menunjukkan adanya perbedaan kinerja di tiga negara tersebut. Hasil ini menyiratkan bahwa bank syariah harus menggunakan kerangka maqashid syariah sebagai tolok ukur tujuan dan indikator kinerjanya.
Spin-off and efficiency in Islamic banks: DEA approach Nabilah Nabilah; Mohammad Nur Rianto Al Arif
Jurnal Ekonomi & Keuangan Islam Volume 8 No. 2, July 2022
Publisher : Faculty of Economics, Universitas Islam Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20885/JEKI.vol8.iss2.art4

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Purpose – This study aims to analyze the efficiency level of Islamic banks from spin-off and non-spinoff results and the impact of the separation policy and other factors that affect the efficiency level of Islamic banks.Methodology – This study uses a quantitative approach through data envelopment analysis to measure the efficiency level of Islamic banks and the difference-in-difference approach to examine the impact of separation and other factors that affect the efficiency level of Islamic banks. Data is collected directly from each of the six Islamic banks' financial statements.Findings – The results showed no difference in the efficiency level between before and after the spin-off policy at the spin-off bank. Furthermore, it was found that the efficiency level of spin-off Islamic banks was significantly lower than that of non-spinoff Islamic banks. Implication – This result implies that the rules regarding spin-offs should be evaluated. The spin-off policy must be a corporate action and not a regulation imposed by the regulator. Merger or conversion between sharia business units can be an alternative to improve the performance of sharia banking in Indonesia. Originality – Research on the impact of Islamic bank spin-off policies is still limited. Only a few studies analyze the efficiency level of Islamic banks as a result of spin-offs by measuring data analysis. Therefore, this research will contribute to research that discusses the spin-off policy of Islamic banks, especially the impact on efficiency and the factors that affect the level of efficiency.
EFEKTIVITAS BIAYA PROMOSI DAN BIAYA DIKLAT TERHADAP PENGHIMPUNAN DANA PIHAK KETIGA DI BANK SYARIAH M. Nur Rianto Al Arif
Jurnal Ilmiah Ekonomi Bisnis Vol 15, No 3 (2010)
Publisher : Universitas Gunadarma

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (10.931 KB)

Abstract

The aim of this paper is to analyze the influence of promotion cost, education and training cost to depositor fund in Islamic banking. This research used ordinary least square regression to analyze the influence of promotion cost, education and training cost to depositor fund in Islamic banking. The results of this research show us that promotion cost and education and training cost has a significance influence to the depositor fund in Islamic banking. It means the increasing of promotion cost and education and training cost can make depositor fund in Islamic banking increase too.Keywords: Promotion cost, education and training cost, depositor fund.AbstrakTujuan penulisan ini adalah untuk menganalisis pengaruh biaya promosi, biaya pendidikan dan pelatihan terhadap penghimpunan dana pihak ketiga di bank syariah. Penelitian ini menggunakan regresi OLS sederhana untuk menganalisis pengaruh biaya promosi, biaya pendidikan dan pelatihan kepada penghimpunan dana pihak ketiga di bank syariah. Hasil penelitian ini menunjukkan bahwa baik biaya promosi maupun biaya pendidikan dan pelatihan mempunyai pengaruh yang signifikan terhadap penghimpunan dana pihak ketiga di bank syariah. Hal ini menunjukkan bahwa kenaikan biaya promosi dan biaya pendidikan dan pelatihan akan dapat menaikkan penghimpunan dana pihak ketiga di bank syariahKata Kunci: Biaya promosi, biaya pendidikan dan pelatihan, dana pihak ketiga.
The Effect of Sharia Bank Financing, Zakat, and Education Expense, on Economic Growth and Human Development Index in Indonesia 2015-2019 Indah Indria Wardani; Mohammad Nur Rianto Al Arif
EKONOMIKA SYARIAH : Journal of Economic Studies Vol 5, No 1 (2021): January-June 2021
Publisher : Universitas Islam Negeri Sjech M. Djamil Djambek Bukittinggi

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (715.948 KB) | DOI: 10.30983/es.v5i1.4096

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Islamic bank financing, zakat, and education expenditure can increase Indonesia’s economic growth and Human Development Index (HDI). Islamic bank financing could be funding capital for the community. Zakat plays a role in wealth distribution, while education expenditure contributes by improving the quality of human resources. This study analysed the direct and indirect relationship between Islamic bank financing, zakat, and education expenditure to economic growth and HDI. Data were analysed using path analysis based on panel data for the period 2015-2019. The results showed that the Islamic bank financing, zakat and education expenditure had a significant positive effect on economic growth. Islamic bank financing, zakat, and education expenditure had a significant positive impact on HDI. At the same time, the indirect implications showed that Islamic bank financing, zakat, and education expenditure have a significant positive effect on HDI through economic growth. Pembiayaan perbankan syariah, zakat, dan belanja pendidikan menjadi instrumen yang dapat meningkatkan pertumbuhan ekonomi dan di Indonesia. Pembiayaan perbankan syariah dapat menjadi modal pendanaan bagi masyarakat, zakat berperan sebagai penyalur kekayaan, sedangkan belanja pendidikan dapat meningkatkan kualitas sumber daya manusia. Penelitian ini menganalisis hubungan langsung dan tidak langsung antara variabel pembiayaan bank syariah, zakat, dan pengeluaran pendidikan terhadap pertumbuhan ekonomi dan IPM. Analisis data menggunakan path analysis berdasarkan data panel untuk periode 2015-2019. Hasil penelitian menunjukkan bahwa pembiayaan bank syariah, zakat dan belanja pendidikan berpengaruh positif signifikan terhadap pertumbuhan ekonomi. Pembiayaan perbankan syariah, zakat, dan belanja pendidikan berpengaruh positif signifikan terhadap IPM. Sedangkan pengaruh tidak langsung menunjukkan bahwa pembiayaan bank syariah, zakat, dan pengeluaran pendidikan berpengaruh positif signifikan terhadap IPM melalui pertumbuhan ekonomi.
The Response of Financial Performance to The Market Power of Islamic Banking in Indonesia Chajar Matari Fath Mala; Muhammad Nadratuzzaman Hosen; Mohammad Nur Rianto Al Arif
Signifikan: Jurnal Ilmu Ekonomi Vol 11, No 2 (2022)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/sjie.v11i2.26777

Abstract

market power of Islamic banking in Indonesia. This study contributes to filling the gap in the literature by combining the variables under the analysis of impulse response friction (IRF) about the relationship between market power, efficiency, liquidity, profitability, and stability. The data of this study covered Islamic banking in Indonesia from the period January 2010 to 2019 and used IRF from the VAR/VECM panel. This study found that shock/innovation of market power of Islamic banking in Indonesia is responded positively by efficiency, liquidity, and profitability. Meanwhile, financial stability responds negatively to shock/innovation of market power. These findings suggest that innovation in market power in Indonesian Islamic banking will lead to an increase in efficiency, liquidity, and profitability. This result poses a dilemma because competition increases stability but reduces efficiency, liquidity, and profitability. The balance between market power and stability at the macro and industrial levels becomes crucial because it is necessary to maintain the financial system’s stability and national economic growth.How to Cite:Mala, C. M. F., Hosen, M. N., & Al Arif, M. N. R. (2022). The Response of Financial Performance to The Market Power of Islamic Banking in Indonesia. Signifikan: Jurnal Ilmu Ekonomi, 11(2), 415-424. https://doi.org/10.15408/sjie.v11i2.26777.JEL Classification: G18, G21, G28