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Assessing the internal factor affecting the bank profitability in Indonesia: Case of dual banking system Roisatun Kasanah; Achmad Fadlil Abidillah; Sulistya Rusgianto
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.art2

Abstract

Purpose – In an uncertain economic condition, maintaining companies’ profitability is essential. This study aims to analyze and assess the factors that affect bank profitability by focusing on internal factors such as capital, size, asset quality, and liquidity risk. This study also observed the effect of Islamic and conventional banking in Indonesia with a comprehensive profitability analysis as measured by ROA, ROE, and NIM/NOM.Methodology – The method used in this research was panel data regression. The data studied were derived from the quarterly reports of Islamic and conventional banking in Indonesia for five years, from 2016 to 2020.Findings – The results showed that conventional banking in Indonesia had a higher level of profitability than Islamic banking. The profitability of conventional banks is significantly influenced by the level of equity, size, CKPN, and LDR. On the other hand, Islamic banking in Indonesia generally has a lower level of profitability, but in terms of individual performance, the value was not inferior to conventional banking. Variables that significantly influence the profitability of Islamic banking included equity, CKPN, and FDR.Implication – Banks in Indonesia must improve their performance so that the development of asset size can be in line with the level of profitability generated, maintain asset quality so that the health of the bank is maintained, and has proportional equity and LDR/FDR value.Originality – This research used three profitability ratios: ROA, ROE, and NIM/NOM, and analyzed Islamic and conventional banking, considering that Indonesia has a dual banking system, so the analysis carried out was more comprehensive.
The Effect of Economic Growth, Government Spending, and Human Development Index toward Inequality of Income Distribution in the Metropolitan Cities in Indonesia Alfath Shifa Ghifara; Achmad Nur Iman; Akhmad Kusuma Wardhana; Sulistya Rusgianto; Ririn Tri Ratnasari
Daengku: Journal of Humanities and Social Sciences Innovation Vol. 2 No. 4 (2022)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (301.031 KB) | DOI: 10.35877/454RI.daengku1092

Abstract

This study aims to determine and analyze the influence of economic growth, government capital expenditure, and human development index on the inequality of income distribution in Metropolitan Cities in Indonesia. This type of research is descriptive associative research, where the data used is secondary data from 2012 to 2021 obtained from relevant agencies, which were analyzed using the panel data regression method. The findings of this study indicate that the human development index has a negative and significant effect on the inequality of income distribution in Metropolitan Cities in Indonesia, capital expenditures and economic growth have a positive and insignificant effect on the inequality of income distribution in Metropolitan Cities in Indonesia. Taken together, only the human development index has a significant effect on the inequality of income distribution in Metropolitan Cities in Indonesia.
Venture vs Investment, Which Type of Financing was more Demanded by Agriculture, Forestry, and Aquaculture Sector? Achmad Nur Iman; Akhmad Kusuma Wardhana; Sulistya Rusgianto; Ririn Tri Ratnasari
Daengku: Journal of Humanities and Social Sciences Innovation Vol. 2 No. 5 (2022)
Publisher : PT Mattawang Mediatama Solution

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (438.374 KB) | DOI: 10.35877/454RI.daengku1116

Abstract

COVID-19 creates uncertainty on business. SMEs in Indonesia need to take a loan to survive. Sharia banks could give credit financing based on Islamic law. This study has a purpose to observe if the total value of credit financing issued by sharia bank in Indonesia affects the total financing of agriculture, forestry, and aquaculture sectors. This study uses secondary data taken from ojk.co.id as the sample. The independent variable is credit financing use for capital venture and investment. Dependent variables are the total financing in the agricultural, forestry, and aquaculture sectors. Data is analyzed using the linear regression method. The data of each variable was also tested using a T-test to analyze if there were significant changes during the COVID-19 pandemic. Result showed that financing of capital venture has a moderate impact on the total of credit financing for agriculture and forestry sector, while investment is none. Moreover, the COVID-19 pandemic has no effect in changing the number of credits issued by sharia banks nor credit received by agriculture, forestry, and aquaculture sectors. Sharia bank implemented two pillars of maqashid, which are the protection of life and wealth in issuing credit financing. The total of credit issued by sharia banks in Indonesia affected Agriculture & forestry sectors for capital, but not for investment. Sharia bank implemented two pillars of maqashid, which are the protection of life and wealth in issuing credit financing
Islamic Banking Financial Inclusion and Tax Revenue in OIC Countries: To What Extent do They Correlate? Muhammad Alan Nur; Annisa Rahma Febriyanti; Sulistya Rusgianto; Sri Herianingrum
Shirkah: Journal of Economics and Business Vol. 7 No. 3 (2022)
Publisher : Universitas Islam Negeri Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/shirkah.v7i3.498

Abstract

Tax revenue of Organization of Islamic Cooperation (henceforth OIC) countries has not reached the global average, and so has the financial inclusion. Notwithstanding this fact, few researchers have addressed the effect of financial inclusion on tax revenue in the context of Islamic finance while it is undeniably having significant connection to the real sector. Drawing on this crucial issue, the present study calls into the possible effect of Islamic banking financial inclusion on tax revenue in eleven countries of OIC membership consisting of Indonesia, Jordan, Kazakhstan, Kuwait, Malaysia, Nigeria, Oman, Pakistan, Saudi Arabia, Turkey, and the United Arab Emirates in the period of 2013 to 2019. The data were analyzed under the procedure of panel data regression using fixed effect model. The result depicted that Islamic banking financial inclusion, in terms of financial access and financial usage, had no significant effect on tax revenue of the OIC countries. This result is reasonable, since Islamic banking financial inclusion still requires massive promotion particularly by the OIC countries included in this study.  Hence, this study leaves an implication for OIC countries to foster Islamic banking financial inclusion as a crucial effort to increase the tax revenue, in which Islamic banks play a promising role for sharia-compliance-based financial transactions in the recent years.
You’ve Over the Line! Muslim Consumers are Resistant to Opposite Brand Values Firdan Thoriq Faza; Yan Putra Timur; Lu'liyatul Mutmainah; Sulistya Rusgianto
Shirkah: Journal of Economics and Business Vol. 7 No. 3 (2022)
Publisher : Universitas Islam Negeri Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/shirkah.v7i3.529

Abstract

The consumer's antagonistic behavior towards brands is hotly discussed because of the political issues it carries. However, factors affecting Muslim consumers to reject a product still requires more paucity of empirical evidence. The current study casts the light on antecedent factors that influence Muslim consumers to reject a product, and on a pattern between the reasons for refusal and the intention to boycott a brand. The online survey was able to reach 450 respondents from the Muslim community. This paper uses scenarios from confirmed cases of Muslim consumer boycotts against Unilever brands in Indonesia. Using the snowball-sampling technique, many of the respondents were from the educated young urban Muslim community. The model was tested using partial least squares-structural equation modeling (PLS-SEM). Moreover, the interaction moderation technique was applied to examine the effect of moderators on the structural model. The results showed that brand hate fully mediates all variables except symbolic incongruity. The results further revealed that brand hate is a construct with three first-order formative triggers (religious animosity, ideological incompatibility, and subjective norms). In addition, this study theoretically contributes to providing clear delineation that brand hate is a dichotomous concept consisting of the dimensions of intention to boycott (intention to incite, intention to avoid, and intention to punish).
Pengaruh IPM, Investasi, dan UMP terhadap Tingkat Pengangguran Terbuka di Jawa Timur Tahun 2013-2020 Lailatul Qamariyah; Olga Mardianita W.P; Sulistya Rusgianto
OECONOMICUS Journal of Economics Vol. 7 No. 1 (2022): (December) edisi 13
Publisher : Program Studi Ilmu Ekonomi UIN Sunan Ampel Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15642/oje.2022.7.1.1-15

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Economic development is an effort to improve people's living standards through expanding job opportunities and directing the distribution of income evenly. However, in reality there are still many problems that occur, especially in unemployment. The purpose of this study was to determine the effect of the variable Human Development Index, Investment, and Provincial Minimum Wage on the open unemployment rate in East Java in 2013-2020. The method used in this study is a quantitative method with multiple linear regression analysis model. The data used are secondary data obtained from BPS. This study shows that the HDI and Investment variables have a positive influence on the open unemployment rate. However, the UMP variable has a negative effect on the open unemployment rate in East Java in 2013-2020. This study contributes to the existing literature that it is not always the HDI, Investment, and UMP variables that can affect the open unemployment rate which can hinder economic growth.  
The Relationship Between Macroeconomics Variables and Islamic Stock Market Returns Listed in Indonesian Islamic Stock Index Widyan Apriliska Fajri; Devita Alliv Nurdiana; Sulistya Rusgianto
Journal of Islamic Economics Lariba Vol. 6 No. 2 (2020)
Publisher : Department of Islamic Economics, Islamic University of Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract

ABSTRACT:The aim of this paper is to explore the extent to which macroeconomic variables affect the Islamic stock market behavior in Indonesia between Oct 2014 until the end of 2019. The paper uses the latest estimation technique of Autoregressive Distributed Lag (ARDL) model approach to cointegration. The data used is secondary data by collecting data from the official websites of Bank Indonesia, BPS, IDX, and Indopremier. The results suggest that GDP, interbank interest rates, IHSG seem to be suitable targets for the government to focus on in short-term. As for long-term, the GDP and IHSG significantly influence the Islamic stock market return, and that's the targets for the government to focus in order to stabilize the Islamic stock market and to encourage more capital flows into the market.Keywords: Islam, Stock Market, Macroeconomics, Indonesia
Aplikasi Pencatatan Keuangan Online dan Diversifikasi Produk Kelompok Usaha Ibu Rumah Tangga di Desa Ploso Kecamatan Mojo Kabupaten Kediri Sri Herianingrum; Meri Indri Hapsari; Sulistya Rusgianto
I-Com: Indonesian Community Journal Vol 3 No 1 (2023): I-Com: Indonesian Community Journal (Maret 2023)
Publisher : Fakultas Sains Dan Teknologi, Universitas Raden Rahmat Malang

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (387.183 KB) | DOI: 10.33379/icom.v3i1.2052

Abstract

Desa Ploso terletak di Kecamatan Mojo Kabupaten Kediri provinsi Jawa Timur. Di desa ini terdapat kelompok ibu rumah tangga Jama’ah pengajian yang memiliki permasalahan pokok, diantaranya dalam kasus ini adalah pertama masih kurang paham tentang pencatatan keuangan rumah tangga secara online, adanya kurang produktif dalam akitivitas kesehariaanya ketiga tentang rendahnya pengetahuan pemasaran digital. Dengan metode studi kasus pada kelompok Ibu-ibu Jama’ah Pengajian, dalam pengabdian masyarakat ini, solusi yang akan dibahas dalam paper adalah diversitas produk untuk meningkatkan harga jual, kemudian e-marketing dan pemberian wawasan untuk pencatatan laporan keuangan. Adapun hasil dalam  pengabdian masyarakat ini adalah Kelompok Ibu-Ibu Rumah Tangga Jama’ah Pengajian di Desa Ploso mampu meningkatkan wawasan sumber daya manusianya dan siap untuk melakukan diveristas produk, serta mampu menggunakan aplikasi e-marketing.
Kontribusi Instrumen Moneter Syariah dan Konvensional Terhadap Inflasi di Negara OKI Eka Puspa Dewi; Nadira Rahmandani; Sulistya Rusgianto
Jurnal Riset Akuntansi dan Keuangan Vol 11, No 1 (2023): Jurnal Riset Akuntansi dan Keuangan. April 2023 [DOAJ dan SINTA Indexed]
Publisher : Program Studi Akuntansi FPEB UPI

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17509/jrak.v11i1.46748

Abstract

This study aims to determine the impact of Open Market Operation Sharia (OMOS), Open Market Operation Conventional (OMOC), and Interest Rates on inflation in OIC countries. This study employed a quantitative approach to the panel data technique. From 2012q2 to 2021q4, the sampled nations were Indonesia, Malaysia, Bahrain, and Pakistan. Using the Chow Test and the Hausman Test, the best models were chosen. The findings indicated that OMOS has a negative but insignificant impact on inflation. OMOC has a substantial negative impact on inflation. Consequently, interest rates have a substantial positive effect on inflation. This study can help central banks evaluate OMOS, OMOC, and interest rates to control inflation. Economic research on OMOS and inflation is limited. Researchers discovered that few previous studies discuss OMOS specifically. This study, therefore, seeks to fill in the gap.
Short-Term and Long-Term Causality of the Tourism Sector on Economic Growth of OIC Member Countries Putri Rizka Citaningati; Inayah Rahman; Sulistya Rusgianto; Kamaluddin Kamaluddin
Ijtimā iyya Journal of Muslim Society Research Vol. 8 No. 1 (2023)
Publisher : Postgraduate Program, State Islamic University Prof. K.H. Saifuddin Zuhri Purwokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24090/ijtimaiyya.v7i2.6992

Abstract

Tourism is one of the sectors affected by the Covid-19 pandemic, due to the implementation of lockdowns and social distancing in various countries around the world. Likewise with the countries that are members of the OIC. The pandemic that has hit since the end of 2019 has reduced the number of domestic and foreign tourists traveling to various tourist attractions, both domestically and abroad. This of course has an impact on slower economic growth. Therefore, using the variables of the tourism sector, inflation, foreign direct investment, and economic growth, this study aims to explain the causality of the Covid-19 pandemic on the tourism sector and the economic growth of OIC member countries. This study uses the P-VECM analysis technique to determine the short-term and long-term effects of the variables used. The results of this study reveal that the tourism sector, inflation, and foreign direct investment have short-term and long-term effects on economic growth.
Co-Authors A'la, Al Marifatul Abdullah, Muhammad Ammar Achmad Fadlil Abidillah Achmad Fadlil Abidillah Achmad Nur Iman Ahmad Fadlur Rahman Bayuny Akhmad Kusuma Wardhana Akhmad Kusuma Wardhana Akhmad Kusuma Wardhana akhmad kusuma wardhana Al Khaidar, Moch Aridhi Alfath Shifa Ghifara Almeyda, Devia Andini Cahyaning Pratiwi Annisa Rahma Febriyanti Anwar Allah Pitchay Arva Athallah Susanto Asya'bani, Nispia Asya’bani, Nispia Athallah Susanto, Arva Athi’ Hidayati Atiya, Nikmatul Awaludin, Azrul Afrillana Az-Zuhdiyyah, Hafshah Afifah Bayu Rahmadi Putra Bella, Firsty Izzata Cholil, Muhammad Chrisananda, Riska Anin Chrisananda, Riska Anin Devita Alliv Nurdiana Dewi Rahmawati Maulidiyah Dian Ghani Reza Dasangga Diana Nabilatul Arifah Eka Puspa Dewi Eko Fajar Cahyono, David Kaluge Eko Siswahto Faradilah Putri Fauzi Fasiha Fasiha Fasiha, Fasiha Fathurrohman, Muhammad Said Fauzi, R. Mohammad Qudsi Firdan Thoriq Faza Fitria Idham Chalid Fitriani, Chorista Habibi, Zamzam Hafizhah, Nur Zakiya Hariyanto Hariyanto Hasna Fauziana hasna fauziana Hasyim, Fuad Hidayati, Niswatin Nurul Hikmah, Lailatul Hosfaikoni Hadi, Nizar Ibnu Affan Inayah Rahman Indirwan, Syanisma Khansa Isro’i, Moch Imron Ivana Rosediana Dewi Jazilinni’am, Naili Joko Hadi Purnomo Juminten, Rekno Kamaluddin Kamaluddin Kanasibah, Auvi Diyanati Kasanah, Roisatun Kefeli, Zurina Kholison, Rohmatul Farokhah La Himmah il Princess Choris Lailatul Qamariyah Lailatul Qamariyah Lu'liyatul Mutmainah Mahsa Pasca Genbi Muhammad Mamduh, Muhammad Faizul Mardianita W.P, Olga Marwah Eugenia Cascarella Meri Indri Hapsari, Meri Indri Moh. Nurul Qomar Muh. Khairul Fatihin Muhamad Nafik Hadi Ryandono Muhammad Alan Nur Muttaqin, Ibnu Nadira Rahmandani Nanda Lismatiara Zubaid Nisful Laila Niswatin Nurul Hidayati Noven Suprayogi, Noven Nurul Fauziah Olga Mardianita W.P Perdana, Yuda Mahesa Pertiwi, Tanza Dona Puji Sucia Sukmaningrum Purnomo, Joko Hadi Putra, Bintang Fajar Muskan Putri Rizka Citaningati Ramly, Arroyan Ramly, Arroyyan Ririn Tri Ratnasari Robbani, Ridho Roemanasari, Febrita Rokhmah, Fatma Nur Sabela, Jenny Sambas, Shafana Putri Samsul Arifin Setianingsih, Hesti Eka Sholikah, Nia Mariatus Siska Arie Novita Sjam, Dewi Sjam, Dewi Sri Herianingrum Sri Herianingrum Sri Herianingrum Sukran Sukran Sukran, Sukran Suprayitno, Aryadimas Susanto, Arva Athallah Tiara Trenawulan Barkah Tika Widiastuti Ulandari Ulandari Ulfia Nur Afifa Vita Fatimatuzzahra Wahab, Abd Wedari, Dinda Tamara Widayanti, Mega Ayu Widyan Apriliska Fajri Yan Putra Timur