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Analyzing the Financial Resilience of Islamic Banks in Indonesia Amid the COVID-19 Pandemic: A Comparative Study of Stock Price Dynamics Zulbetti*, Rita; Muzaffirah, Adzirah
Jurnal Ilmu Keuangan dan Perbankan (JIKA) Vol 13 No 1: December 2023
Publisher : Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34010/jika.v13i1.10719

This research aims to analyze the impact of the Covid-19 pandemic on the stock prices of Shariah-compliant banks in Indonesia and test the significance of price differences during the 350 days before and after the Covid-19 outbreak in Indonesia. Stock price data was obtained from the Indonesia Stock Exchange and Yahoo Finance, with the research sample including Bank Syariah Indonesia, BTPN Syariah, and Bank Panin Dubai Syariah. The results indicate that the stock prices of Shariah-compliant banks remained relatively stable during the Covid-19 pandemic and even experienced significant increases after the outbreak. There are significant differences in stock prices before and after Covid-19, as well as differences between the average stock prices of BRIS, BTPS, and PNBS. In conclusion, Shariah-compliant banks listed on the Indonesia Stock Exchange demonstrated resilience and positive growth during the pandemic, with significant differences in stock prices before and after the Covid-19 outbreak. Keywords: Stock Prices; Islamic Banks; Paired Sample T-Test; One Way ANOVA; Post Hoc Test Abstrak Penelitian ini bertujuan untuk menganalisis dampak pandemi Covid-19 terhadap harga saham Bank Syariah di Indonesia dan menguji signifikansi perbedaan harga saham selama 350 hari sebelum dan setelah wabah Covid-19 memasuki Indonesia. Data harga saham diambil dari Bursa Efek Indonesia dan Yahoo Finance, dengan sampel penelitian meliputi Bank Syariah Indonesia, BTPN Syariah, dan Bank Panin Dubai Syariah. Hasil penelitian menunjukkan bahwa harga saham Bank Syariah cenderung stabil selama pandemi Covid-19, bahkan mengalami kenaikan setelah wabah. Terdapat perbedaan signifikan dalam harga saham sebelum dan setelah Covid-19, serta perbedaan antara rata-rata harga saham BRIS, BTPS, dan PNBS. Kesimpulannya, Bank-bank Syariah di Bursa Efek Indonesia menunjukkan ketahanan dan pertumbuhan positif selama pandemi, dengan perbedaan yang signifikan dalam harga saham sebelum dan setelah pandemi Covid-19. Kata Kunci: Harga Saham; Bank Syariah; Uji-T Sampel Berpasangan; One-Way ANOVA ; Post Hoc Test

Globalization & Development of Sharia Financial Technology in Indonesia Syahputra*, Angga; Kaswinata, Kaswinata; Tanjung, Hendri; Rahmani, Nur Ahmadi Bi; Dzuljastri, Dzuljastri
Jurnal Ilmu Keuangan dan Perbankan (JIKA) Vol 13 No 1: December 2023
Publisher : Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34010/jika.v13i1.11288

This research explores the impact of globalization on the development of Sharia Financial Technology (FinTech) in Indonesia. The phenomenon of globalization has spurred the growth of FinTech, including Sharia FinTech, which combines sharia principles with digital technology. This study identifies the factors influencing the growth of Sharia FinTech globally, analyzes its impact on the Muslim community in Indonesia, and explores the challenges and opportunities faced by the industry and financial regulators. This study utilizes descriptive qualitative research method with secondary data sources. The results show that Sharia FinTech has increased the accessibility of financial services in Indonesia, especially for those who were previously unreachable. Innovations in Sharia FinTech products and services create broader financial inclusion and support the growth of the Islamic economy. However, unaligned regulations and licensing complexity are the main challenges. Nonetheless, regulatory harmonization and cooperation between the government, regulators and industry are key steps in optimizing the potential of Islamic FinTech. This research provides insights for policymakers, regulators, and financial industry players to effectively and sustainably manage the development of Islamic FinTech amidst the dynamics of globalization.

Health Analysis of Private Banks during the Covid-19 Pandemic with the RGEC Approach Suhartini*, Nani; Nurul Awaliah, Siti Farika
Jurnal Ilmu Keuangan dan Perbankan (JIKA) Vol 13 No 1: December 2023
Publisher : Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34010/jika.v13i1.11300

Covid-19 has had an impact on various sectors of life, including banking. This study aims to see the health condition of Bank Muamalat Indonesia with the RGEC approach. The indicators measured are risk profile, good corporate governance, earnings, and capital at Bank Muamalat Indonesia during the Covid-19 pandemic. The results showed that the health level of Bank Muamalat Indonesia was in the less healthy category with a value of 48.57% during the 2021-2022 period and 54.28% in the 2020 period. Bank Muamalat's problems occur in non-performing financing which is increasing, resulting in capital shortages and decreased bank profitability. In addition, the results of the study prove that the health of Bank Muamalat has decreased in the year of the observation period. However, the health of Muamalat Bank which is in the unhealthy category is contrary to the high customer loyalty. This is evidenced by the increasing ratio of liquidity to Third Party Funds and the awards obtained by Bank Muamalat in the category of customer satisfaction.

Optimizing Tax Planning and Deferred Taxes in Implementing Earnings Management Febriana, Shandy Cahya
Jurnal Ilmu Keuangan dan Perbankan (JIKA) Vol 13 No 1: December 2023
Publisher : Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34010/jika.v13i1.11322

The purpose of this study is to examine the optimization that occurs between tax planning and the use of deferred tax expenses in profit management implementation. Tax Planning (X1) and Deferred Tax Expenses (X2) are the research independent variables, and Profit Management (Y) is the dependent variable. The information used comes from the Miscellaneous Industry sector, with seven sample companies listed on the Indonesia Stock Exchange between 2017 and 2022. As a research method, descriptive and verification analysis is used to determine the development and influence value of variables both partially and simultaneously with data. Data was gathered from financial report data management, documents, reference books, and internet media. The results of the partial research using the t test show that the variable Tax Planning Optimization (X1) has a significant effect on profit management implementation (Y), whereas the utilization of deferred tax expenses has no effect on profit management implementation (Y). However, through the F test, these two variables have a significant influence on the implementation of profit management (Y) at the same time.

The Influence of Financial Ratios on The Return on Assets in Multinational Companies Rizkyanti, Mira; Herlinawati, Erna; Suryaningprang, Andre
Jurnal Ilmu Keuangan dan Perbankan (JIKA) Vol 13 No 1: December 2023
Publisher : Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34010/jika.v13i1.11354

PT Malindo Feedmill Tbk is hampered by a decline in profit in 2022 of 56.54% which has an impact on the return on assets (ROA) of only 0.6%. The aim of this research is to find out whether the decline in Return On Assets is affected by Current Ratio (CR), Debt to Equity Ratio (DER), Total Asset Turnover (TATO) and Net Profit Margin (NPM). This research uses quantitative methods and secondary data as well as purposive sampling. On the data obtained, classical assumption tests, multiple linear regression tests and partial and simultaneous hypothesis testing were carried out. The test results show that CR has no significant effect on ROA with tcount 0.709 < ttable 2.776 and sig. 0.510 > 0.05; DER has no significant effect on ROA with tcount 1.492 < ttable 2.776 and sig. 0.196 > 0.05; TATO has a significant effect on ROA with tcount 4,028 > ttable 2,776 and sig 0.010 < 0.05; NPM has a significant effect on ROA with tcount 5.079 > ttable 2.776 and sig 0.004 Ftable 5.19, and sig. 0.013 < 0.05 and contributes to ROA of 89%, the remaining 11% is influenced by other factors outside the research model.

Taxpayer Compliance based on Social Norm and Tax Moral Anggraeni, Windi Ariesti; Ningsih, Winda; Romdhon, Mochamad
Jurnal Ilmu Keuangan dan Perbankan (JIKA) Vol 13 No 1: December 2023
Publisher : Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34010/jika.v13i1.11367

This research aims to analyze the role of social norm and tax moral in influencing tax compliance among Micro, Small, and Medium Enterprises (MSMEs). MSMEs hold significant potential as a tax source for the government due to their vital contribution to the economy. In this study, the Theory of Planned Behavior serves as the foundational framework to explore the impact of social norms and morality on tax compliance among MSMEs. Primary data was collected from 100 MSME respondents registered as taxpayers through a survey method, and multiple regression analysis was employed to test hypotheses. The discussion that focuses on the influence of social and moral norms on the tax compliance of MSME taxpayers is a novelty in this research and has not been extensively explored before. The research findings indicate that both social norms and morality significantly influence the level of tax compliance among MSMEs. These results offer valuable insights for the government and stakeholders in crafting more effective tax policies to enhance tax revenue from the MSME sector and support overall economic growth.

Good Corporate Governance as Prevention of Credit Fraud at Government Bank Kurniamaylani, Widia; Amir, Vaisal; Prasaja, Mukti
Jurnal Ilmu Keuangan dan Perbankan (JIKA) Vol 13 No 1: December 2023
Publisher : Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34010/jika.v13i1.11376

This study aims to determine the application of Good Corporate Governance as fraud prevention in providing briguna loans to PT Bank Rakyat Indonesia (Persero) Tbk Ngawi Branch office. This study used qualitative descriptive method by taking data derived from interviews and direct observations with officers of PT BRI and interviews with customers. Data collection is done by observation, interviews, and documentation. The data analysis techniques used are data reduction, data presentation, and conclusions. The results of this study show that PT Bank Rakyat Indonesia (Persero) Tbk Ngawi Branch Office has applied GCG principles adequately in providing briguna loans. With the implementation of GCG principles, Bank BRI has carried out fraud prevention.

Dynamic Models: Analysis of Macroeconomic Variables And Islamic Banks Performance in Indonesia Covid19 Period amaliawiati, lia; Nursjanti, Farida; Nilasari, Irma
Jurnal Ilmu Keuangan dan Perbankan (JIKA) Vol 13 No 1: December 2023
Publisher : Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34010/jika.v13i1.11386

The Covid19 pandemic has had an impact on macroeconomic conditions, and shocks to these factors will have an impact on how well banks, particularly Islamic banks, perform financially. Using the Vector Error Correction Model (VECM), the data is processed in the form of time series with the goal of analyzing the relationship between the performance of Islamic banks and macroeconomic indicators over the short and long terms. The Granger Causality Test, Impulse Response Function and Variance Decomposition, were some of the additional VAR analyses examined. The analysis's findings indicate that Non Performing Finance (NPF), Capital Adequacy Ratio, interest, and inflation are the variables with the strongest long term and short term relationships according to the VECM model. The best variable used as the dependent variable is Non Performing Finance (NPF). In the long run NPF is influenced by Return on Assets (ROA), Nett Opertaing Margin (NOM), Capital Adequency Ratio (CAR), Finance Deposit Ratio (FDR), Industrial Production Index (IPI), Inflation (INF), Interest (INT). In the short run NPF is affected by NPF lag 1, CAR lag 1, inflation lag 1 and interest lag 1. The Granger Causality test results conclude that the variables that have a two-way relationship are INF and INT. The Variance Decomposition results conclude that the first stage of the NPF variant is explained by the contribution of the variable itself and then its contribution decreases because there are other contributions, especially from ROA. The results of the Impulse Response Function show that the shock is in a positive direction from ROA, CAR, FDR, IPI, INF, INT to NPF. Shock in the negative direction from NOM, Operating Expense to Operating Income (OEOI), and Exchange Rate (ER) to NPF. Pandemic covid19 telah mempengaruhi kondisi makroekonomi, guncangan yang terjadi pada variable makroekonomi akan berpengaruh pada kinerja keuangan bank khususnya bank syariah. Penelitian ini bertujuan untuk menganalisis hubungan antara kinerja bank syariah dengan variable makro ekonomi baik jangka pendek maupun jangka panjang dengan menggunakan Vector Error Correction Model (VECM), data yang diolah berupa times series. Beberapa analisis VAR lainnya yang dianalisis adalah Granger Causality Test , Variance Decomposition dan Impulse Response Fuction. Hasil analisis menyimpulkan bahwa berdasarkan model VECM variable yang mempunyai hubungan jangka panjang dan Pandemic covid19 telah mempengaruhi kondisi makroekonomi, guncangan yang terjadi pada variable makroekonomi akan berpengaruh pada kinerja keuangan bank khususnya bank syariah. Penelitian ini bertujuan untuk menganalisis hubungan antara kinerja bank syariah dengan variable makro ekonomi baik jangka pendek maupun jangka panjang dengan menggunakan Vector Error Correction Model (VECM), data yang diolah berupa times series. Beberapa analisis VAR lainnya yang dianalisis adalah Granger Causality Test , Variance Decomposition dan Impulse Response Fuction. Hasil analisis menyimpulkan bahwa berdasarkan model VECM variable yang mempunyai hubungan jangka panjang dan jangka pendek adalah Non Performing Finance, Capital Adequancy Ratio, interest, inflasi. Variable yang terbaik dijadikan variable dependen adalah Non Performing Finance (NPF). Dalam jangka panjang NPF dipengaruhi oleh ROA, NOM, CAR, FDR, IPI, INF, INT. Dalam jangka pendek NPF dipengaruhi oleh NPF lag 1, CAR lag 1, inflasi lag 1 dan interes lag 1. Hasil Granger Causality test menyimpulkan bahwa variable yang mempunyai hubungan dua arah adalah INF dan INT, Hasil Variance Decomposition menyimpulkan bahwa tahap pertama varian NPF dijelaskan oleh kontribusi variable itu sendiri dan selanjutnya kontribusinya semakin menurun karena ada kontribusi lain terutama dari ROA. Hasil Impuls Response Function menunjukkan bahwa shock arah positif dari ROA, CAR, FDR, IPI, INF, INT terhadap NPF. Shock arah negative dari NOM, OEOI, dan ER terhadap NPF. Islamic Bank Performance; Macroeconomiccs Variables; VECM; GCT; IRF; VD Islamic Bank Performance; Macroeconomiccs Variables; VECM; GCT; IRF; VD

The Measurement of Efficiency of Sharia Banks in Indonesia: Two-Stage Data Envelopment Analysis (DEA) Aziz, Lukmanul Hakim; Ganika, Gerry; Mala, Chajar Matari Fath
Jurnal Ilmu Keuangan dan Perbankan (JIKA) Vol 13 No 1: December 2023
Publisher : Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34010/jika.v13i1.11397

This research was conducted to measure the efficiency of sharia banks in Indonesia. The study utilized two stages, with the first stage employing the Data Envelopment Analysis (DEA) method, and the second stage conducting an analysis using the Tobit Method to determine the influence of market competition, market share, NSFR, CAR, ROA, and BOPO variables on its independent variable, which is efficiency. This research utilized panel data from sharia banks in Indonesia. The findings of this study provide a deeper understanding of the factors influencing the efficiency of sharia banks, and the results can serve as a basis for formulating policies that support the growth of a more efficient sharia banking industry. Several variables that affect sharia banks in Indonesia are market share, NSFR, CAR, ROA, and BOPO. However, variables such as the Lerner Index and ROA do not have a significant impact on the level of efficiency.

How Students' Use of E-Commerce, E-Money, Financial Literacy, Self-Control, and Lifestyle Affect Their Consumptive Behavior Alzura, Daniza; Khalifaturofi'ah, Sholikha Oktavi
Jurnal Ilmu Keuangan dan Perbankan (JIKA) Vol 13 No 2: June 2024
Publisher : Program Studi Keuangan & Perbankan, Fakultas Ekonomi dan Bisnis, Universitas Komputer Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.34010/jika.v13i2.12127

Consumptive behavior is the tendency to buy and use goods that are not based on rational considerations. This research aims to examine the influence of e-commerce, e-money, financial literacy, self-control, and lifestyle on the student's online shopping behavior located in the city of Surabaya, East Java. The sample used is 101 undergraduate or diploma students who live in Surabaya with a minimum allowance of IDR 2 million using a purposive sampling technique. The analysis technique used in the research is Partial Least Square (PLS) with the Structural Equation Model (SEM) method using WarpPLS 8.0 software. The results of this research find a mix of positive and negative impacts as well as significant and insignificant impacts from the variables used. This research provides an important contribution to understanding the dynamics of e-commerce, e-money, financial literacy, self-control, and lifestyle on the student's online shopping behavior especially located in the city of Surabaya, East Java.

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Home Page

OAI Link

Editorial Team

Contact

Reviewer

Google Scholar

Contact Name Arjuna Rizaldi

Contact Email arjuna@email.unikom.ac.id

Phone -

Journal Mail Official arjuna@email.unikom.ac.id

Editorial Address -

Location Kota bandung, Jawa barat INDONESIA

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Contact Name
Arjuna Rizaldi

Contact Email
arjuna@email.unikom.ac.id

Phone
-

Journal Mail Official
arjuna@email.unikom.ac.id

Editorial Address
-

Location
Kota bandung,

Jawa barat

INDONESIA