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THE SPIN-OFF EFFECTIVENESS OF SHARIA INSURANCE IN INDONESIA: ANALYZING THE EFFICIENCY AND THE CRITERIA Arianty, Erny; Ghoni, Abdul
Jurnal Ekonomi dan Bisnis Islam (Journal of Islamic Economics and Business) Vol. 8 No. 1 (2022): JANUARY-JUNE 2022
Publisher : Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20473/jebis.v8i1.31800

Abstract

This research aims to determine the effectiveness of the spin-off implementation in Indonesia by comparing the efficiency of the full-pledge sharia insurance industry with the Sharia Business Unit (SBU) and analyzing the spin-off criteria. The method used is the mixing method. The quantitative method-Data Envelopment Analysis (DEA) in measuring efficiency and descriptive qualitative by conducting interviews with informants from the insurance shariah industry, AASI, OJK, and BKF for spin-off criteria analysis. . The data used is the input data being assets, operating expenses, while the output data is profit and operating income. Efficiency on profit for SBU is higher than full-pledged companies. Efficiency on revenue is slightly different where the efficiency values of full-pledge companies are not entirely at the bottom. Related to spin-off criteria, the SBU industry has not achieved the number of tabarru funds and participant investment of 50% of the parent fund. Based on these facts, the effectiveness of the spin-off implementation has not been realized optimally. This is because the objectives of increasing efficiency and growing the number of industries have not been achieved. The factors that support the realization of effectiveness are leadership commitment, financial management strategies, professional human resources, the role of government and regulatory bodies
PEMILIHAN MODEL IMPLEMENTASI SPIN-OFF UNIT USAHA ASURANSI SYARIAH DI INDONESIA DENGAN MODEL AHP Erny Arianty; Abdul Ghoni
Jurnal Ilmiah Ekonomi Islam Vol. 9 No. 1 (2023): JIEI : Vol.9, No.1, 2023
Publisher : ITB AAS INDONESIA Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29040/jiei.v9i1.7933

Abstract

ABSTRACT This study aims to analyze the factors and spin-off models that have the highest level of importance in realizing the implementation of the Sharia Insurance Business Unit spin-off. This research method uses a qualitative method with an Analytical Hierarchy Process (AHP) approach with key informants from the government, regulators, the sharia insurance industry, AASI, and the Sharia Supervisory Board. The results of this study external factors with government and regulatory support subcriteria have the highest level of importance. For the sub-criteria for internal factors, the leadership support factor has the highest level of importance. The acquisition spin-off model has the highest importance. The implication of this research is the industry should meet the availability of resources so that the spin-off runs smoothly and determines the right spin-off model. For the government, the results of this research can provide an effort to facilitate the spin-off process in the form of policies. Keywords: Spin-Off, Factors, Model, AHP