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EFISIENSI BANK UMUM SYARIAH DAN UNIT USAHA SYARIAH DI INDONESIA TAHUN 2012-2016 METODE NON PARAMETRIK Linda Dwi Wahyu Putri; Atina Shofawati
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 5 No. 9 (2018): September-2018
Publisher : Universitas Airlangga

This research purpose to analyze and comparing the level of efficiency of IslamicBanks and Sharia Business Unit in Indonesia. Input variables that used for measurement of efficiency are total of funds, fixed assets, and operational expenses, and output variables are total financing, cash, and other operational expenses. The method that used for measurement of efficiency is non parametric method with Constan Return to Scale (CRS) and Variable Return to Scale (VRS) assumption. The statistical tool that used for comparing the level of financing efficiency between Islamic Banks and Sharia Bussiness Unit is Mann-Whitney U-Test. The samples are 11 Islamic Banks and 19 Sharia Business Unit that comply with the specified sample criteria. The results of this researchshowed that with assumption CRS is Business Unit more efficient than Islamic Banks Islamic, but with assumption VRS is Islamic Banks more efficient than Business Unit. The result of hypothesis test showed that with CRS assumption there is a difference in level of efficiency of Islamic Banks and Sharia Business Unit in Indonesia, and with VRS assumption there is not difference in level of efficiency of Islamic Banks and Sharia Business Unit in Indonesia. REFERENCESAmirillah, Afif. 2014. Efisiensi Perbankan Syariah Di Indonesia, JEJAK Journal of Economics and Policy, 7 (2): 100-202Arifin, Zainul. 2005. Dasar-Dasar Manajemen Bank Syariah. Jakarta: Pustaka AlvabetCharnes, W.V., Cooper and E. Rhodes. 1978. Measuring The Efficiency of Decision Making Units. North-Holland Publishing Company European, Journal of Operation Research.Vol. 2. Pp 429-444Hadad M., Wimboh, dan Dhaniel I. 2003. Analisis Efisiensi Industry Perbankan Indonesia: Penggunaan Metode Nonparametrik Data Envelopment Analysis (DEA). Buletin Ekonomi dan Perbankan, Vol. 1 (17), pp 1-28Harahap, Sofyan S., Wiroso dan Muhammad Yusuf. 2006. Akuntansi Perbankan Syariah. Jakarta: LPFE Usakti.Huri, Mumu Daman dan Indah Susilowati. 2004. Pengukuran Efisiensi Relatif Emiten Perbankan dengan Metode Data Envelopment Analysis (Studi Kasus: Bank-Bank yang Terdaftar di Bursa Efek Jakarta Tahun 2002). Jurnal Dinamika Pembangunan (Jdp), Volume 1 (2). Pp. 95-110.Ikatan Bankir Indonesia. 2014. Memahami Bisnis Bank Syariah. Jakarta: PT Gramedia Kamaruddin, dkk. 2008. Asseing Production Efficiency of Islamic Banks and Conventional Bank Islamic windows in Malaysia. International Journal of Business and Mangement Science, Vol 1 (1), hal 31-48.Kamus BI-Bank Sentral Republik Indonesia (http://www.mediabpr.com/kamus-bisnis-bank/unit_usaha_syariah.aspx) diakses tanggal 19 Februari 2017.Kuncoro, Mudrajad. 2002. Manajemen Perbankan Teori dan Aplikasi. Yogyakarta: BPEE Muhammad. 2004. Manajemen Dana Bank Syariah. Yogyakarta: EKONISIAMuharam, Harjum dan Rizki Pusvitasari. 2007. Analisis Perbandingan efisiensi Bank Syariah di Indonesia dengan metode Data Envelopment Analysis periode 2005. Jurnal Ekonomi dan Bisnis Islam, Vol 2 No 3.Mokhtar, dkk. 2008. Efficiency and Competition of Islamic Banking in Malaysia. Humanomics, 24(1), 28-48.Otoritas Jasa Keuangan. 2016. Statistik Perbankan Syariah Desember 2016. (www.ojk.go.id, diakses 22 April 2017)Quran dan Terjemahannya. 2013. Kementerian Agama RI dengan Transliterasi Arab-Latin.Sari, Ditta Feicyllia. 2015. Analisis Pembiayaan Bank Umum Syariah Dan Bank Umum Konvensional Di Indonesia Dengan Metode Data Envelopment Analysis (DEA). Skripsi tidak diterbitkan. Fakultas Ekonomi dan Bisnis. Universitas Airlangga.Sholihin, Ahmad. 2010. Buku Pintar, Ekonomi Syariah. Jakarta: PT Gramedia Pustaka UtamaSiamat, Dahlan. 2004. Manajemen Lembaga Keuangan: Edisi keempat. Jakarta: Lembaga Penerbitan Fakultas Ekonomi Universitas Indonesia.Syafe’I, Rachmat. 2000. AL-HADIS (Aqidah, Akhlaq, Sosial, dan Hukum). Edisi Revisi, Hal 194. Bandung : CV PUSTAKA SETIA.UNAIR. 2009. Pedoman Peulisan Pembimbingan dan Ujian Skripsi. Surabaya: Fakultas Ekonomi dan Bisnis Universitas Airlangga.Undang-Undang Republik Indonesia. 2008. Undang-Undang Republik Indonesia Nomor 21 Tahun 2008 Tentang Perbankan Syariah.

DETERMINAN TINGKAT EFISIENSI BANK PEMBANGUNAN DAERAH (BPD) SYARIAH DI INDONESIA: TWO-STAGE DATA ENVELOPMENT ANALYSIS Hilda Sukma Puspita; Atina Shofawati
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 5 No. 10 (2018): Oktober-2018
Publisher : Universitas Airlangga

This study aims to analyze the efficiency level of Sharia Regional Development Bank on the first stage and to analyze the influence of Bank Size, ROA, NPF, FDR and Inflation for the efficiency level of Sharia Regional Development Bank on the second stage. The population in this study is the Sharia Regional Development Bank in Indonesia. The sample used in this research is 14 Shariah Regional Development Bank that fulfill the criteria of taking the sample that is having Sharia Business Unit, presenting the financial statements and has been published, and no change of business entity. The observation period of the study is from 2012 to 2016. This researchanalysis technique used DEAP 2.1. on the one stage and Tobit on the twostage. The result of this study indicates that the Bank Size, ROA and FDR positif significant influence to efficiency level, while the NPF and Inflation don’t have influence to efficiency level. REFERENCESAbidin, Zaenal dan Endri. 2009. Kinerja Efisiensi Teknis Bank Pembangunan Daerah: Pendekatan Data Envelopment Analysis (DEA). Jurnal Akuntansi dan Keuangan, Vol. 11, No.1, pp.21-29.Al-Quran dan Terjemahan.2014. Kementrian Agama RI dengan Transliterasi Arab-Latin.Basyaib, Fachmi. 2007. Keuangan Perusahaan. Edisis Pertama. Jakarta: Kencana Prenada Media Group.Begum, Nur Sabrina.2015. Analisis Tingkat Efisiensi Perbankan Syariah Di Indonesia Tahun 2010-2014 Dengan Menggunakan Metode Data Envelopment Analysis.Skripsi tidak diterbitkan. Universitas Airlangga.Berger, A.N dan Mester, L, J. 1997. Inside The Black Box: What Explains Differences In The Efficiency of Financial Institusions. Journal of Banking and Finance, 21, 895-947.Fadhlullah, Ahmad H. 2015. Efisiensi Bank Pembangunan Daerah: Pendekatan Stochastic Frontier. Signifikan, Vol. 4, No.1, April 2015.Fathony, Moch. 2012. Estimasi Dan Faktor-Faktor Yang Mempengaruhi Efisiensi Bank Domestik Dan Asing Di Indonesia. Jurnal Keuangan dan Perbankan, Vol.16, No.2, Mei 2012, hlm.223-237.Firdaus, Muhammad F. dan Muhamad Nadratuzzaman H. 2013.Efisiensi Bank Umum Syariah Menggunakan Pendekatan Two-Stage Data Envelopment Analysis.Buletin Ekonomi dan Perbankan, Vol. 16, No. 2, Oktober 2013.Gujarati, Damodar. 2003. Basic Econometrics. Fourth Edition. Boston: McGraw-Hill.Hadad, M. Santoso, W. Dhaniel, I. Mardhanugraha, E. 2003. Analisis Efisiensi Industri Perbankan Indonesia: Penggunaan Metode Non-Parametrik Data Envelopment Analysis (DEA). Research Paper Bank Indonesia, No.7/5.Ismail, Farhana, Rossazana Ab. Rahim, dan M. Shabri Abd. Majid. 2012. Determinant of Efficiency in Malaysia Banking Sector. International Procedings of Economics Development and Research, Vol. 43, pp.238.Kamaruddin, dkk.2008. Asseing Production Efficiency of Islamic Banks and Conventional Bank Islamic Windows in Malaysia.International Journal of Business and Management Science, Vol 1(1), hlm.31-48.Mankiw, N. Gregory. 2004. Pengantar Ekonomi Makro. Edisi Ketiga. Jakarta: Salemba Empat.Mishkin, Frederic S. 2010. Ekonomi Uang, Perbankan dan Pasar-Pasar Keuangan. Jakarta: Salemba Empat.Muharam, Harjum dan Rizki Pusvitasari. 2007. Analisa Perbandingan Efisiensi Bank Syariah di Indonesia dengan Metode Data Envelopment Analysis Periode Tahun 2005. Jurnal Fakultas Ekonomi Universitas Diponegoro, Vol.11, No. 03, Desember 2007.Noor, M.A.N.M dan Hayati, N.A. 2011. The Determinants of Islamic Bank’s Efficiency and the Impact of the 1998 and 2008 Financial Crises. Review of Islamic Economics, Vol. 15, No. 1, pp.37-69.Pambuko, Zulfikar Bagus. 2016. Determinan Tingkat Efisiensi Perbankan Syariah Di Indonesia: Two Stages Data Envelopment Analysis. CAKRAWALA, Vol. XI, No. 2, Desember 2016.Permono, Iswardono S. dan Darmawan.2000. Analisis Efisiensi Industri Perbankan Di Indonesia (Studi Kasus Bank-Bank Devisa Di Indonesia Tahun 1991-1996).Jurnal Ekonomi Dan Bisnis Indonesia, XV(1).Pratikno, Heri dan Iis Sugianto. 2011. Kinerja Efisiensi Bank Syariah Sebelum dan Sesudah Krisis Global Berdasarkan Data Envelopment Analysis. Jurnal Ekonomi Bisnis, Vol.16(2), pp.108-117.Rabbani, Farhan. 2014. Analisis Perbandingan Efisiensi Bank Pembangunan Daerah dan Unit Usaha Syariah BPD Sebelum dan Sesudah Penerapan BPD Regional Champion (BRC) dengan Metode Data Envelopment Analysis (DEA). Skripsi tidak diterbitkan. Universitas Syarif Hidayatullah.Ramly, Ar Royyan. 2015. Tingkat Efisiensi Bank Pembangunan Daerah (BPD) Di Indonesia Periode 2012-2014. Disertasi tidak diterbitkan. Universitas Serambi Mekkah.Siamat, Dahlan. 2001. Manajemen Lembaga Keuangan. Edisi Ketiga. Jakarta: Badan Penerbit Fakultas Ekonomi Universitas Indonesia.Sufian, Fadzlan dan Noor M.A.N.M. 2009. The Determinants of Islamic Bank’s Efficiency Changes Empirical Evidence from the MENA and Asian Banking Sectors. International Journal of Islamic and Middle Eastren Finance and Management, Vol. 23, No. 3.Sufian, Fadzlan dan Muzafar Shah Habibullah. 2010. Development in the Efficiency of the Thailand Banking Sector: a DEA Approach. International Journal of Development Issues, Vol. 9, No. 3, pp 226-245.Sugiyono. 2003. Metode Penelitian Bisnis. Bandung: Pusat Bahasa Departemen Pendidikan Nasional.Undang-Undang Republik Indonesia. 1962. Undang-Undang Republik Indonesia Nomor 13 Tahun 1962 Tentang Ketentuan-Ketentuan Pokok Bank Pembangunan Daerah.Weston, J. Fred dan Thomas E. Copeland. 1998. Manajemen Keuangan. Edisi 8. Jakarta: Bina Rupa Aksara.Wheelock, D.C dan P. Wilson. 1999. Technical Progress Inefficiency and Productivity Change in US Banking. Journal of Money, Credit and Banking, Vol. 31, pp 212-234.Yudistira, D. 2004. Efficiency in Islamic Banking: An Empirical Analysis of Eighteen Banks. Islamic Economic Studies, 12(1).

DETERMINAN KINERJA KEUANGAN ASURANSI SYARIAH DI INDONESIA PERIODE 2014-2016 Audina Ayu Hidayati; Atina Shofawati
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 5 No. 11 (2018): November-2018
Publisher : Universitas Airlangga

This study aims to determine the effect of exogenous variables Leverage, liquidity, Company Size, and Company Age on profitability with proxy ROA. This research uses quantitative approach by using secondary data in the form of financial statements of sharia insurance companies which listed on Otoritas Jasa Keuangan (OJK) in year 2014-2016. Regression result by using technique of panel data analysis with eviews 6. In this reasearch shows that the variables of Leverage, Liquidity, Company SizeandCompany Agesignificant effect on the profitability of sharia insurance companies simultaneously. Partially, significant Leverage and Company Age at 0,1 (10%) has significant negative effect towards on ROA but there is no effect in the variables of liquidity andCompany Sizetowards on Profitability of 93.8%. for 6,2 %, it is affected by other variables which are not included in this research. REFERENCESAli, H. 2004. Asuransi dalam Perspektif Hukum Islam. Jakarta: Prenada Media.Almajali, A. Y. 2012. Factor Affecting the Financial Performance of Jordanian Insurance Companies Listed at Amman Stock Exchange. Journal of Management Research Vol.4, No. 2, 1941-899X.Bambang, Juanda dan Juandi. 2012. Buku Ekonometrika Deret Waktu.Brigham dan Houston. 2006. Dasar-Dasar Manajemen Keuangan. Jakarta: PT Salemba EmpatDepartemen Agama Republik Indonesia. 2008. Al-Qur’an dan Terjemahan. Semarang: CV. Toha PutraDerbali, Abdelkader. 2014. Determinants of Performance of Insurance Companies in Tunisia: The case of Life Insurance. Tunisia.Ghozali, I. 2011. Analisis Multivariate Program IBM SPSS 19. Semarang: Badan Penerbit Universitas DiponegoroGibson. 2001. Financial Reporting and Analysis: Using Financial Accounting Information, USA: South Western-Thomson Learning.Gujarati, Damodar. 2006. Dasar-Dasar Ekonometrika. Jakarta: ErlanggaHaniffa, R.M, & Cooke. 2002. Culture, Corporate Governance and Disclosure in Malaysia Coporation. AbacusHasbi, H. (2013). Sistem Peringatan Dini Sebagai Pendukung Kinerja Perusahaan Asuransi Syariah. Journal Keuangan dan Perbankan. Vol. 17, No.2, 243-252.Horne, James C. and Wachowicz, Jr, John M. 2012. Prinsip-prinsip Manajemen Keuangan. Jakarta: Salemba Empat.Janwari, Yadi. 2005. Asuransi Syariah. Bandung:Pustaka Bani QuraisyJumingan. 2011. Analisis Laporan Keuangan. Jakarta: Bumi AksaraKasmir. 2011. Pengantar Manajemen Keuangan. Jakarta: Kencana Prenada Media GroupMalik, H. (2011). Determinants Of Insurance Companies Profitability: An anlysis Of Insurance Sector Of Pakistan. Academic Research Internasional Volume IMardian, Sepky & Nurlatifah, Ai Fitri 2016. Kinerja Keuangan Perusahaan Asuransi Syariah di Indonesia: Surplus On ContributionMehari, D., & Aemiro, T. 2013. Firm apecific Factors That Determine Insurance Companies Performance In Ehtiopia. European Scientific Journal edition 9Moeljadi. 2005. Manajemen Keuangan Pendekatan Kuantitatif dan Kualitatif. Malang: Jilid 1Mysharing.co. (2015) Ekonomi Syariah akan lebih baik pada 2015. Retrieved from My Sharing Berita Ekonomi dan Keuangan Syariah.Omondi, Maleya M. & Maturi, Willy. 2013. Factors Affecting The Financial Performance of Listed Companies at the Nairobi Securities Exchange in Kenya. Research Journal of Finance and Accounting. Vol.4, No.15.Otoritas Jasa Keuangan. 2015. Statistik perasuransian Syariah tahun 2015. Jakarta:OJKPutri, A.P. & Lestari (2014). Faktor-faktor yang Menentukan Kinerja Perusahaan Asuransi yang Terdaftar di Bursa Efek Indonesia. E-journal manajemen fakultas ekonomi, voluke I nomor 2 , 1-20.Raditya, Nurul. 2012. Analisis Faktor-Faktor yang Mempengaruhi Tingkat Pengungkapan Islamic Social Reporting (ISR) pada Perusahaan yang Masuk Daftar Efek Syariah (DES). Depok:Skripsi Fakultas Ekonomi UISartono, Agus. 2010. Manajamen Keuangan Teori dan Aplikasi. Yogyakara: BPFE.Shihab, Q.M. 2002. Tafsir Al-Mishbah. Jakarta: Lentera HatiSingapurwoko, Arif. 2011. The Impact Finacial Leverage to Profitability Study of Non-Financial Companies Listed in Indonesia Stock Exchange. European Journal of Economics, Finance and Administrative Sciences.Sugiyono. 2004.Metode Penelitian. Bandung: Sudana, I Made. 2009. Manajemen Keuangan: Teori dan Praktik. Surabaya: Airlangga University Press.Sula, Muhammad Syarkir, Prinsip-Prinsip dan Sitem Operasioanal Takaful serta Perbedaannya dengan Asuransi Konvensional, Draft Skripsi pada Asosiasi Ahli Manajemen Asuransi Indonesia (AAMAI)Wibisono. 2005. Metode Statistika. Yogyakarta: Gadjah Mada University Press.Widarjono, Agus. 2013. Ekonometrika:Pengantar dan Aplikasinya. Ekonosia, JakartaWirdyaningsih. 2005. Bank dan Asuransi Islam di Indonesia. Jakarta: Prenada Media.

KINERJA KEUANGAN BANK SYARIAH DI ASEAN Yessy Listiyanti; Atina Shofawati
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 5 No. 12 (2018): Desember-2018
Publisher : Universitas Airlangga

The aims of this research is to determine differences in financial performancebetween Bank Islam Malaysia Berhad, Bank Syariah Mandiri, and Bank Islam Brunei Darussalam span from the period of 2011 to 2016. This study is a type of comparative research. Financial ratios used in this study are Non Performing Financing (NPF), Financing to Deposit Ratio (FDR), Return on Assets (ROA), Return on Equity (ROE), and Capital Adequacy Ratio (CAR). The statistical model used to test the hypothesis is the one-way ANOVA parametric test. The results showed that there were significant differences in all financial ratio indicators between the performance of Bank Islam Malaysia Berhad, Bank Syariah Mandiri, and Bank Islam Brunei Darussalam except ROA REFERENCESAlamsyah, Halim. 2012. Perkembangan dan Prospek Perbankan Syariah Indonesia: Tantangan dalam Menyongsong MEA 2015. Makalah disajikan dalam Ceramah Milad ke-8 Ikatan Ahli Ekonomi Islam. Jakarta.Anshori, Muslich dan Sri Iswati. 2009. Buku Ajar Metodelogi Penelitian Kuantitatif. Surabaya: Airlangga Uiversity Press.Antonio, Muhamad Syafi’i. 2007. Bank Syariah dari Teori ke Praktik. Jakarta: Gema Insani.Box, G. E. P. 1954a. Some Theorems on Quadratic Forms Applied in the Study of Analysis of Variance Problems: I. Effect of Inequality of Variances in the One-way Classification. Annals of Mathematical Statistics, 25, 290-302.Departemen Agama. 2010. Al-Qur’an dan Terjemahan. Bandung: Penerbit Hilal.Dewi, Dhika Rahma. 2010. Faktor-Faktor yang Mempengaruhi Profitabilitas Bank Syariah di Indonesia Periode 2005-2008. Skripsi tidak diterbitkan. Universitas Diponegoro.Ghozali, Imam. 2011. Aplikasi Analisis Multivariate dengan Program IBM SPSS 19. Semarang: Universitas Diponegoro.Ismail. 2011. Manajemen Perbankan: dari Teori menuju Aplikasi. Jakarta: Kencana.Jumingan. 2006. Analisis Laporan Keuangan. Jakarta: PT Bumi Aksara.Kasmir. 2008. Bank dan Lembaga Keuangan Lainnya. Jakarta: PT RajaGrafindo Persada.KFH Research. 2013. Islamic Finance in Asia: Development, Growth, and Opporunities. Kuwait: Kuwait Finance House.Lestari, Maharani Ika dan Toto Sugiharto. 2007. Kinerja Bank Devisa dan Bank Non Devisa dan Faktor-Faktor yang Mempengaruhinya. Jakarta: Universitas Gunadarma.Muhamad. 2015. Manajemen Dana Bank Syariah. Jakarta: Raja Grafindo Persada.Rosalia, Lia. 2011. Faktor-Faktor yang Mempengaruhi Profitabilitas Bank Syariah di Indonesia. Skripsi tidak diterbitkan. UIN Sunan Kalijaga Yogyakarta.Saniati, Resti. 2015. Analisis Eksternal dan Internal dalam Menentukan Non Performing Financing pada Bank Umum Syariah. Skripsi tidak diterbitkan. UIN Sunan Kalijaga Yogyakarta.Santoso, Singgih. 2014. Statistik Multivariat. Jakarta: Elex Media Komputindo.Shihab, M. Quraish. 2009a. Tafsirisl Al-Misbah. Vol. 2. Jakarta: Lentera Hati.Srimindarti, C. 2006. Balanced Scorecard Sebagai Alternatif untuk Mengukur Kinerja. Semarang: STIE Stikubank.Sukmana, Raditya & Nur Ahlina Febriyati. 2016. Islamic Banks vs Conventional Banks in Indonesia: An Analysis on Financial Performances. Jurnal Pengurusan, Vol. 47, hlm. 81-90. Wibowo, Susanto. 2015. Analisis Perbandingan Kinerja Keuangan Perbankan Syariah dengan Metode Camel di ASEAN (Studi Komparatif: Indonesia, Malaysia, Thailand). Journal of Research in Economics and Management, Vol. 15, No. 1, 2015, hlm. 136-153. Webster, Allen L. 1998. Applied Statistics For Business and Economics: An Essentials Version. Singapore: Irwin McGrow-Hall.Regulasi Undang-Undang No. 21 Tahun 2008 SE OJK NO. 10/SEOJK.03/DPNP Tahun 2014 Internet http://www.asean.orghttp://www.bi.go.id http://www.bibd.com.bnhttp://www.bankislam.com.myhttp://www.banksyariahmandiri.co.idhttp://www.bnm.gov.my http://www.bps.go.idhttp://www.ekbis.sindonews.comhttps://www.ey.com http://www.focus-economics.comhttps://www.ifsb.comhttp://www.indonesia-investments.comhttps://www.kemenlu.go.idhttps://www.ojk.go.idhttps://www.rudiyanto.blog.kontan.co.id

EFISIENSI KERJA SAMA PENJAMINAN PEMBIAYAAN BANK SYARIAH DI LEMBAGA PENJAMINAN SYARIAH Ulfa Dwi Nurfajrina; Atina Shofawati
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 6 No. 12 (2019): Desember-2019
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol6iss201912pp2435-2450

This research purpose to analyze of financing guarantee cooperation agreement between PT. Jamkrindo Syariah Surabaya Branch and Islamic Banks. This research also analyze the comparison of the efficiency level of Islamic Bank to measure the performance of each Sharia banks. Efficiency measurement is calculated using the Data Envelopment Analysis (DEA) method with an intermediation approach. The results showed that the implementation of such cooperation was not entirely in accordance with the DSN-MUI and OJK, while the results of efficiency level analysis of the four Islamic bank partners showed that there was one bank that had an efficiency value less than 1 (inefficiency), so that the performance was not optimal. Whereas other Sharia banks have achieved perfect efficiency of 100%, which means they have achieved optimal performance.Keywords: Efficiency, Data Envelopment Analysis (DEA),Financing Guarantee, Islamic Bank

PENGARUH INFLASI, NILAI TUKAR RUPIAH, BI RATE TERHADAP NILAI AKTIVA BERSIH REKSA DANA TERPROTEKSI SYARIAH PERIODE 2014-2018 DI INDONESIA Mohammad Ilyas; Atina Shofawati
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 6 No. 9 (2019): September-2019
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol6iss20199pp1830-1839

The Research aims to determine the influence of inflation, currency exchange rate, interest rate that affect net asset value of protected Islamic mutual fund from 2014-2018 in Indonesia partially and simultaneously. The research also uses quantitative approach and multiple regression analysis technique. The sample used for this research is obtained from monthly statistic data of Bank Indonesia, Otoritas Jasa Keuangan, and Pusat data kontan which had been published online from January 2014 to Desember 2018, so there are 60 samples taken for this reserch. The variabels of this research include inflation (X1), currency exchange rate (X2), interest rate (X3), and net asset value of protected Islamic mutual fund (Y). The result of this research shows that partially, the inflation affect Net Asset Value of Protected Islamic Mutual Fund from 2014-2018 in Indonesia insignificantly, currency exchange rate affect Net Asset Value of Protected Islamic Mutual Fund from 2014-2018 in Indonesia significantly, and interest rate affect Net Asset Value of Protected Islamic Mutual Fund from 2014-2018 in Indonesia significantly. Simultaneously, all independent variables affect Net Asset Value of Protected Islamic Mutual Fund from 2014-2018 in Indonesia significantly.Keywords: Macroeconomic, Inflation, InterestRate, Currency Exchange Rate, Net Asset Value, Protected Islamic Mutual FundREFFERENCESAchsien, Iggi H. 2000. Investasi Syariah di Pasar Modal, Menggagas konsep dan Praktek portofolio Syariah. Jakarta: Gramedia Pustaka Utama.Anshori, Muslich, Sri Iswati. 2009. Metode Penelitian Kuantitatif. Cetakan Pertama. Surabaya: Universitas Airlangga press.Farid, Muhammad. 2014. Mekanisme dan Perkembangan Reksadana Syariah.Iqtishoduna Vol. 4 No. 1. Hlm. 61-72.Karl, E. Case, dan Fair, C. Rai. 2001. Prinsip-Prinsip Ekonomi Makro. Jakarta: Prenhalindo.Mankiw, Gregory. 2006. Pengantar Ekonomi Makro. Edisi Ketiga. Jakarta: Salemba Empat.Nandari, Herlina Utami Dwi Ratna Ayu. 20017. Pengaruh Inflasi, Kurs dan BI Rate Terhadap Nilai Aktiva Bersih (NAB) Reksadana Syariah di Indonesia (Periode 2010-2016).An-Nisba Vol. 04 No. 01. Hlm. 52-73.Pilbeam, Keith. 2006. International Finance.3rd Edition. New York.Prasetyo, Bambang dan Lina MiftahulJannah. 2012. Metode Penelitian Kuantitatif. Jakarta: PT. Raja Grafindo Persada.Rahmawati, Yuke. 2009. Resolusi Investasi Keuangan Syariah. Jurnal Al-Iqtishad Vol. 1 No. 1. Hlm. 65-78.Rudiyanto. 2011. Reksa Dana untuk Pemula. Jakarta: Elex media KomputindoSudarsono, Heri. 2007. Bank dan Lembaga Keuangan Syariah (Deskripsi dan Ilustrasi). Edisi Kedua. Yogyakarta: Ekonisia.Sugiyono. 2011. Metode Penelitian Kuantitatif, Kualitatif dan R&D. Edisi Kedua Belas. Bandung: Alfabeta.Suharyadi dan Purwanto, S. K. 2004. Statistika Dasar. Jakarta: Salemba Empat.Sukirno, Sadono. 2002. Pengantar Teori Makro Ekonomi. Edisi Kedua. Jakarta: PT Raja Grafindo Persada.Sukirno, Sadono. 2006. Makro Ekonomi Teori Pengantar. Edisi Ketiga. Jakarta: PT Raja Grafindo Persada.Susanto, Burhanuddin. 2008. Hukum Perbankan Syariah di Indonesia. UII Press. Yogyakarta.Zakariya, Mukhamad. 2017. Pertumbuhan Lembaga ReksadanaSyariah di Indonesia. JES Vol. 1 No. 2. Hlm.276-285.

THE EFFECT OF BANK INTERNAL VARIABLES AND MACROECONOMIC VARIABLES ON FINANCIAL PERFORMANCE (STUDY OF SHARIA COMMERCIAL BANKS IN INDONESIA DURING THE 2014-2018 PERIOD) Annisa Rahma Febriyanti; Atina Shofawati
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 7 No. 8 (2020): Agustus-2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol7iss20208pp1538-1551

This research aims to find out the effect of bank internal variabel and macroeconomics variabel toward islamic banks financial performance proxied by Return on Assets (ROA) simultaneously and partially. Bank internal variables consist of capital structure, operational efficiency, asset quality, and liquidity, while macroeconomics variables consist of inflation and real GDP growth. Methodology that used in this study is quantitative approach using panel regression as technique analysis. Sampel used 11 Islamic Bank in Indonesia regulated by Otoritas Jasa Keuangan and launched legally before 2014. Data collected from annual report 2014 until 2018 from each banks. Result found that capital structure, operational efficiency, dan asset quality have significantly negative effects on Return on Assets (ROA). Liquidity has positive significantly effects on Return on Assets. Inflation and Real GDP Growth have insignificantly affects Islamic Commercial Bank’s Financial Performance measured by Return on Assets.Keywords: Return on Assets, Capital Structure, Operational Efficiency, Assets Quality, Liquidity, Macroeconomic, Islamic Commercial Bank

MANAJEMEN KEUANGAN RUMAH TANGGA TAKMIR MASJID RUNGKUT JAYA Mas’amah Mas’amah; Atina Shofawati
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 6 No. 6 (2019): Juni-2019
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol6iss20196pp1114-1128

The goal of this research is to understand how management financial implementation work into muslim Family, especially at Takmir Rungkut Jaya Mosque. The research used descriptive qualitative approach. Data collection was results by interview and documentation. Pattern matching technique was used to perform data analytic. This technique to find the general description of financial management family work into muslim then adjusted to the implementation of sakinah finance. The result based on interviews with two households of Takmir Rungkut Jaya Mosque is both informants in research has implemented components financial management to reach sakinah finance in the life daily. The financial management component are income management main intention to worship, meet family needs, maintain self-respect for not begging, and leniency of life, and hold the principle of halal in seeking sustenance and work, and focusing on the intention of the afterlife. Expenditure Management consists of three expenditure items, household needs posts, social posts, and mosque needs posts, as well as using savings as outposts for cash inflows and expenditures, as well as household emergency funds.Keyword: sakinah finance, income management, expenditure management, household financeREFFERENCESAl-Qur’an. Terjemahannya (Revisi Terbaru) Departemen Agama RI dengan transliterasi Arab-Latin. 2001. Semarang. CV. Asy Syifa.Abdulloh, Adil Fathi. 2007. Sudah Islamikah Kelaurga Anda? Pilar-Pilar Mewjudkan Keluarga Bahagia. Solo: Wacana Ilmiah Press.Antonio, Muhammad syafi’i. 2001. Bank Syariah dari Teori ke Praktek. Jakarta: Gema Insani Press.Antonio, Muhammad Syafi’i. 2011. Ensiklopedia Leadership dan Manajemen Muhammad SAW “The Super Leader Super Manager” Bisnis dan Kewirausahaan. Jakarta: Tazkia Publishing.Arnesih. 2016. Strategi Manajemen Keuangan Dalam Rumah Tangga (Berbasis Ekonomi Syariah). FKIP-UNRIKA. Vol 10 Februari 2016.Dispendukcapil Surabaya. 2016. Data Jumlah Perceraian di Surabaya. Surabaya: Dinas Kependudukan dan Pencatatan Sipil Surabaya. (http://Dispendukcapil.Surabaya.go.id diakses pada 16 Juni 2017).Manullang. 1981. Pengantar Ekonomi Perusahaan. Yogyakarta: Liberty.Quthb, Sayyid. 2004. Tafsir Fi Zhilalil di bawah nauangan Al-Qur’an Jilid 5. Jakarta: Gema Insani Press.Senduk, Safir. 2000. Seri Perencanaan Keuangan Keluarga Mengelola Keuangan Keluarga. Jakarta: PT. elex Media Komputindo.Sistem Informasi Masjid. 2017. Data jumlah masjid dan mushallah di Surabaya. Jakarta: Kementerian Agama Republik Indonesia. (http://simas.kemenag.go.id diakses pada 28 Maret 2017).Sugiyono. 2008. Metode Penelitian Kuantitatif Kualitatif dan R&D. Bandung: Alfabeta.Sulastiningsih. 2008. Cerdas Mengelola Keuangan Keluarga. Yogyakarta: Pro-U Media.Syaparuddin. 2014. Pengelolaan Keuangan Keluarga Secara Profesional dalam Mewujudkan Keluarga Sakinah. Watapone: Al-Risalah-Jurnal Hukum Keluarga Islam. Vol 1 no. 1 Juli 2014.Tamanni, Luqyan & Murniati Mukhlisin. 2013. Sakinah Finance Solusi Mudah Mengatur Keuangan Keluarga Islami. Solo: Tinta Medina.Wibawa, H. 2003. Perencanaan Keuangan Keluarga. Jakarta: Salemba Empat.Yin, Robert K. Tanpa Tahun. Studi Kasus Desain & Methode. Terjemahan oleh M. Djauzi Mudzakir. 2014. Jakarta: Rajawali Pers.

PENGUKURAN METODE RASIO INFORMASI, RASIO SORTINO DAN ROY SAFETY FIRST RATIO PADA KINERJA REKSADANA SAHAM SYARIAH PERIODE 2015-2017 Nur Rohman Azis; Atina Shofawati
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 6 No. 8 (2019): Agustus-2019
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol6iss20198pp1644-1659

The Objective of this research is to identify whether there is a different level performance of mutual funds in syariah shares among Information Ratio, Sortino Ratio, and Roy Safety First Ratio. This analysis using qualitative descriptive. In this case, the authority of money service website mentions there are 21 mutual funds in syariah shares could be taken as the sample of the analysis by using purposive sampling method. Verification result is done by One-way Anova test. The measurement result of the mutual fund in syariah shares uses the method Information Ratio provides 3 mutual funds in syariah shares are in positive performance in 2015 and 2017 and 5 mutual funds in syariah shares are in negative performance in 2016. It means there is a different performance result of mutual fund in syariah shares. The result Sortino ratio provides all of mutual fund share are in negative performance in all of year. It means there is no different performance result of mutual fund in syariah shares. The result Roy Safety First Ratio provides all of mutual funds in syariah shares are in negative performance in 2015, 2 mutual funds in syariah shares are in negative performance in 2016 and 4 mutual funds in syariah shares are in positive performance in 2017. It means there is no different performance result of mutual fund in syariah shares.Keywords: Performace of mutual funds, Information Ratio, Sortino Ratio, Roy Safety First Ratio, Mutual Funds in Syariah SharesREFFERENCESAhmadinia, hamed. 2012. Evaluation performance Of 50 Top Companies Listed In Tehran stock Exchange By Sortino, erov And M3. International journal of economics And Finance. Vol. 4, No. 1; Januari 2012Anoraga, Panji dan Panji Pakarti. 2001. Pengantar Pasar Modal. Edisi Revisi. Jakarta: PT Rineka Cipta.Halim, Abdul. 2005. Analisis Investasi. Edisi II. Jakarta: Salemba EmpatHartono, Jogiyanto. 2007. Teori Portofolio dan Analisis Investasi Edisi 2007. Yogyakarta. BPFE.Rudiyanto. 2013. Sukses Finansial Dengan Reksadana. jakarta: Elex Media Komputindo.Hartono, Jogiyanto, 1998, Teori Portofolio dan Analisis Investasi. Edisi pertama. BPFE.YogyakartaSimforianus, Hutagaol, Tanthu. 2008. Analisis Kinerja Reksadana Saham Dengan Metode Raw Return, Sharpe, Treynor, dan Sortino. Journal of Applied Finance And Acounting Vol. 1 No.1 November 2008: 193-226Tandelilin, Eduardus. 2010. Portofolio dan Investasi Teori dan Aplikasi. Yogyakarta. BPFEWidjaja, Gunawan dan Almira Prajna Ramaniya. 2006. Reksa Dana dan Peran Serta Tanggung Jawab Manajer Investasi dalam Pasar Modal. Jakarta:Kencana Prenada Media Group.

THE EFFICIENCY ANALYSIS OF 7 NATIONAL ZAKAT MANAGEMENT ORGANIZATIONS (OPZ) USING DATA ENVELOPMENT ANALYSIS (DEA) Irma Faikhotul Hikmah; Atina Shofawati
Jurnal Ekonomi Syariah Teori dan Terapan Vol. 7 No. 6 (2020): Juni-2020
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/vol7iss20206pp1178-1192

The purpose of this study was to analyze the efficiency level of the national Zakat Management Organization (OPZ) in Indonesia between 2016 and 2018. The sampling technique used was purposive sampling: the researcher took seven national level OPZ consisting of BAZNAS, Dompet Dhuafa, Rumah Zakat Indonesia, IZI, LAZISNU, Panti Yatim Indonesia Al Fajr and Dewan Da'wah Islamiyah Indonesia with the same variables and WTP (Fair without Exceptions) financial statements status from 2016 to 2018. This research is a Data Envelopement Analysis (DEA) non-parametric quantitative study using Banxia Frontier Analyst version 3.2.2 software. The data used was secondary data obtained from LAZNAS and BAZNAS official websites in Indonesia. The measurement of OPZ efficiency in this study was based on output orientation, while the research model used was the BCC model and the assumption used was VRS (Variable Return to Scale). The approach used was production and intermediation approach. The results of the study showed that in general, the level of efficiency in the intermediation approach was higher than the level of efficiency using the production approach. One DMU was found to be inefficient using intermediation approach while in the production approach, ten DMU were found inefficient. Keywords: Organisasi Pengelola Zakat (OPZ), Data Envelopment Analysis (DEA), efficiency, intermediation approach, production approachREFFERENCE Akbar, N. (2009). Analisis efisiensi organisasi pengelola zakat nasional dengan pendekatan Data Envelopment Analysis (DEA). Islamic Finance & Business Review, 4(2), 760–784.Al-Ayubi, S., Ascarya, & Possumah, B. T. (2018). Examining the efficiency of zakat management: Indonesian zakat institutions experiences. International Journal of Zakat, 3(1), 37–55.Ali, M. & Ascarya. (2010). Analisis efisiensi Baitul Maal Wat Tamwil dengan pendekatan two stage Data Envelopment Analysis (Studi kasus kantor cabang BMT MMU Dan BMT UGT Sidogiri). TAZKIA Islamic Finance & Business Review, 5(52), 110–125.Asfarina, M., Ascarya, & Beik, I. S. (2019). Classical and contemporary fiqh approaches to re-estimating the zakat potential in Indonesia. Journal of Islamic Monetary Economics and Finance, 5(2), 387–418. DOI: https://doi.org/10.21098/jimf.v5i2.1068Banker, R.D., Charnes, A., and Cooper, W.W. (1984). Some models for estimating technical and scale inefficiency in Data Envelopment Analysis.Management Science, 30(9), 1078-1092.BAZNAS. (2018). Statistik zakat nasional 2017. Jakarta: BAZNAS.Badan Pusat Statitistik, 2019, Statistik Indonesia, (Online), http://www.bps.go.id, 20 Desember 2019.Charnes, A., W.W. Cooper, and E. Rhodes. (1978). Measuring the efficiency of decision making units. European Journal of Operation Research, 2(6), 429-44.Departemen Agama. (2003). Keputusan Menteri Agama Republik Indonesia Nomor 373 Tahun 2003, Pelaksanaan Undang-Undang Nomor 38 Tahun 1999 Tentang Pengelolaan Zakat. Jakarta: Depag.Firdaus, M., Beik, I. S., Irawan, T., & Juanda, B. (2012). Economic estimation and determinations of Zakat potential in Indonesia. IRTI Working Paper Series, WP 1433-07(August). Retrieved from http://www.isdb.org/irj/go/km/docs/documents/IDBDevelopments/Internet/Englis h/IRTI/CM/downloads/Working Paper Series/WP-1433-07.pdfKamus Besar Bahasa Indonesia (KBBI) daring (http://kbbi.web.id/pusat, diakses 15 Desember 2019).Mubarok, A., & Fanani, B. (2014). Penghimpunan dana zakat nasional (Potensi, realisasi dan peran penting organisasi pengelola zakat). Permana, 5(2), 7–16.Muharam, H dan R. Purvitasari. (2007). Analisis perbandingan efisiensi bank syariah dengan metode Data Envelopment Analysis (periode tahun 2005). Jurnal Ekonomi dan Bisnis Islam, 2(3), 80-166.Muthia, Nur Najmi. (2017). Efisiensi Organisasi Pengelola Zakat (OPZ) dalam mengelola dana zakat di Indonesia. Skripsi tidak diterbitkan. Jakarta: Universitas Islam Negeri Syarif Hidayatullah.Parisi, S. Al. (2017). Tingkat efisiensi dan produktivitas lembaga zakat di Indonesia. Esensi, 7(1), 63-72. DOI: https://doi.org/10.15408/ess.v7i1.3687Qutb, Sayyid. (2003). Tafsir Fi Zhilalil-Qur’an di Bawah Naungan Al-Qur’an. Jakarta: Gema Insani Press.Republik Indonesia. Undang-undang Nomor 23 Tahun 2011 tentang Pengelolaan Zakat. 2011. Jakarta: kemenag.go.id.Republik Indonesia. Undang-Undang Nomor 38 Tahun 1999 tentang Pengelolaan Zakat. 1999. Jakarta: Kemenag.go.id.Rokhlinasari, S. (Tanpa Tahun). Teori–teori dalam pengungkapan informasi corporate social responbility perbankan. Jurnal Al-Amwal: Jurnal Kajian Ekonomi dan Perbankan Syari’ah, 7(1), 1–11. DOI: 10.24235/amwal.v7i1.217Rustyani, S., & Rosyidi, S. (2018). Measurement of efficiency and productivity of zakat institutions in Indonesia using Data Envelopment Analysis and the Malmquist Productivity Index. International Journal of Zakat, 3(3), 69–82. Retrieved from https://ijazbaznas.com/index.php/journal/article/view/98Rusydiana, A. S. (2018). Perubahan teknologi dan efisiensi pada organisasi. Liquidity, 7(2), 124–136.Siswandi dan Arafat. (2004). Mengukur efisiensi relatif kantor cabang bank dengan menggunakan metode DEA, dalam Majalah Usahawan. No.1 XXXIII.Suhail, Adam, F., & Jajang W Mahri, A. (2019). The efficiency of zakat institutions in Indonesia in 2012-2016. KnE Social Sciences, 3(13), 784. DOI: https://doi.org/10.18502/kss.v3i13.4247Suryani & Hendryadi. (2015). Metode riset kuantitatif teori dan aplikasi pada penelitian bidang manajemen dan ekonomi Islam. Jakarta: Prenada Media Group.Tanjung, Hendri dan Abrista Devi. (2013). Metodologi penelitian ekonomi Islam. Jakarta: Gramata Publishing.Thomas, L., & Deci, L. G. V. (2020). Review reviewed work(s): Decision making with the Analytic Network Process: Economic, political, social and technological applications with benefits , opportunities , costs and risks by Thomas L . Saaty and Luis G. Vargas.Wahab, N. A., & Rahman, A. R. A. (2012). Productivity growth of zakat institutions in Malaysia: An application of data envelopment analysis. Studies in Economics and Finance, 29(3), 197–210. DOI: https://doi.org/10.1108/10867371211246876Wahyuny, I. (2016). Efisiensi organisasi pengelola zakat nasional dengan metode Data Envelopment Analysis. Journal of Islamic Economics Lariba, 2(1), 1–12. DOI: https://doi.org/10.20885/jielariba.vol2.iss1.art1Yumanita, D. & Ascarya. (2006). Analisis efisiensi perbankan syariah di indonesia dengan Data Envelopment Analysis. TAZKIA Islamic Finance and Business Review, 1(2), 1–27.

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