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Ekonomi Islam Indonesia

EII
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Published by Smart Insights

ISSN : - EISSN : 27156346 DOI : -

Core Subject : Religion, Economy, Science,

Religion Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Ekonomi Islam Indonesia adalah publikasi ilmiah yang diterbitkan oleh SMART Insight yang berada di bawah lembaga riset SMART Indonesia. Sharia Economic Applied Research and Training (SMART) adalah lembaga penelitian di Indonesia yang fokus pada riset seputar ekonomi dan keuangan Islam.

Arjuna Subject : Ilmu Ekonomi, Ekonometrika dan Keuangan (semua kategori) - Ilmu Ekonomi, Ekonometrika dan Keuangan (Lain-Lain)

Articles 61 Documents

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The Productivity of Pre-Merger State-Owned Islamic Banks in Indonesia Atika Ayuning Tyas; Aam Slamet Rusydiana
Ekonomi Islam Indonesia Vol. 2 No. 2 (2020): Ekonomi Islam Indonesia
Publisher : SMART Insight

Recently, the Ministry of State-Owned Enterprises (BUMN) has decided to merge Bank BRI Syariah (BRIS), Bank Syariah Mandiri (BSM), and Bank BNI Syariah to improve the development of the Islamic economy in Indonesia. This merger plan is implemented to increase the share of the Islamic banking market so that it can compete with conventional banking. To be able to compete with conventional banking, Islamic banks must be able to have high productivity performance. Therefore, this study will analyze and compare the productivity of the performance of BRIS, BSM, and BNIS with the productivity of the performance of 10 conventional banks for the period 2016-2019. The method used is the Malmquist Productivity Index (MPI) with 5 analysis models to obtain various considerations in preparing the merger plan. The estimation results show that if the three banks are merged, they will have a performance productivity level of 1.196. On the other hand, if only two Islamic banks are merged, the merger that will result in a high productivity level of performance will only occur in the merger of BNIS and BRIS with a productivity level of 1.097

Analyzing The Intention of Borrower to Use Fintech Lending Hasna; Yaser Taufiq Syamlan
Ekonomi Islam Indonesia Vol. 3 No. 2 (2021): Ekonomi Islam Indonesia
Publisher : SMART Insight

This study aims to determine the direct effect of social influence, consumptive culture, and perceived usefulness on intention to use financial technology lending. This study also to find out the awareness people on using sharia fintech lending. Then, this study also to find out the indirect effect of social influence, consumptive culture, and perceived usefulness on intention to use financial technology lending moderated by motivation variable using Partial Least Square – Structural Equation Modeling (PLS-SEM) method. This research has found social influence and consumptive culture have a significant influence on intention to use fintech lending. Perceived usefulness and sharia fintech lending knowledge does not influence on intention to use fintech lending. This study found that social influence, consumptive culture, and perceived usefulness had no effect on the intention to use fintech lending through motivation as a moderating variable.

The Influence of Social Media Marketing on Investment in Sharia Capital Market Evania Herindar; Alya Shabrina; Ricka Krisnawati
Ekonomi Islam Indonesia Vol. 3 No. 2 (2021): Ekonomi Islam Indonesia
Publisher : SMART Insight

In the past few years, sharia investment rates in Indonesia has undergone massive growth. From the span of one year only, by 2017 to 2018 the sharia investment rates has risen to 92% (Peta Investor Syariah 2018). Nevertheless, the major growth has not been optimized entirely. It can be observed from the data of active sharia investor which only took 56% of the total amount of sharia investor. After thoroughly studied, Indonesia has a small *of financial inclusion and literation. A solution is needed for Indonesia society in order to be well literate, because a study has shown that financial literation has a positive and significant impact towards investment decision in sharia capital market which can be identified from the nominal of Sig. from financial literation in the amount of 0,041 < 0.05 (Muhammad Yusuf, 2018: 63). Research has proven that social media has a big impact in Indonesia, solely in 2019 Indonesia social media user has reached 150 billion or equivalent to 56% of the total population (Wearesosial Hootsuite). Therefore, social media marketing is expected to be a medium for increasing the rates of investment. This study aimed to see the impact of social media marketing on investment. Multiple linear regression is the method used in this study, and the type of study is explanatory research with a quantitative approach. The data sourced used is primary and secondary data with the sample withdrawal technique, purposive sampling. The conclusion from this study social media marketing (independent variable) has a positive and significant relation on sharia investment rates (dependent variable). Social media marketing provides a considerable impact on sharia investment.

Efficiency of Pre-Merged State-Owned Sharia Banks in Indonesia Using 2-Stage DEA Ilham; Sebastian Herman; Aam
Ekonomi Islam Indonesia Vol. 3 No. 2 (2021): Ekonomi Islam Indonesia
Publisher : SMART Insight

This study intends to conduct a comparative test of efficiency of the 3 merged state-owned banks using 5 merged Simulation models which will be measured by the 2-stage Data Envelopment Analysis (2-stage DEA) method with Islamic banks and also conventional in Indonesia. This study uses a quantitative approach using the 2-Stages Data Envelopment Analysis (DEA) method. By using in the first stage this method can measure the efficiency score generated from the input and also the output that has been determined, among others, by inputs namely Savings, Administrative Costs, Personal Costs. The outputs used are Financing and Income. In the second stage the method used is Tobit Regression which will see whether there is an influence between the dependent variables determined on the efficiency score. The dependent variable consists of 2 types, namely macrobanks consisting of GDP, Inflation, and Interest Rate. While the other is the Microbank variable including NPF, FDR, and ROA. In this study, 5 combination simulations will also be examined, which will see which combination is the most efficient. From the results of the study, it was found that the efficiency of Islamic banking as a whole is still below the efficiency of conventional banking. Meanwhile, by using 5 simulations of the merger planned by the government, namely combining BRI Syariah, BNI Syariah, and Mandiri Syariah, it was found that the merger of the 3 banks is the most optimal option in terms of efficiency. In this study also found that the dependent variable that affects the efficiency score is the ROA variable. Meanwhile, for other variables, namely NPF, FDR, GDP, Inflation, and also Interest rate does not significantly affect the efficiency score.

Economic Growth and Government Size in OIC Countries: A GMM Application Dito Prakoso
Ekonomi Islam Indonesia Vol. 2 No. 2 (2020): Ekonomi Islam Indonesia
Publisher : SMART Insight

This study intends to investigate the short and long-term relationship between government size and economic growth in the Islamic Cooperation Organization (OIC) during the 2010 to 2018 period through an empirical approach to 57 OIC countries using the dynamic data panel method GMM Arellano-Bond. The results show that in the short term, government size has a negative and significant effect on economic growth, while government investment has a positive and significant effect on economic growth. The results also show that in the long run, government size has a negative and significant effect on economic growth, while government investment has a positive and significant impact on economic growth. This research also supports the previous study which stated that there is a ‘inverted-U relationship’ between government size and economic growth. Policy recommendations that can be taken from this research are that the governments of OIC countries can make strategic steps in their spending by restructuring taxes and expenditures to maximize the effect on economic growth. Compared with previous research, the author tries to analyze the short and long-term relationship between government size and economic growth in OIC countries, by developing a longer research period and involving all OIC members, totaling 57 countries. This paper is expected to contribute to complementing the existing literature on economic growth in OIC countries

Impact of COVID-19 and Macroeconomic Factors on Sharia Stock Market Performance: A Case Study of Indonesia Aam; Dito
Ekonomi Islam Indonesia Vol. 3 No. 1 (2021): Ekonomi Islam Indonesia
Publisher : SMART Insight

Macroeconomic variables strongly influence investment decisions because macroeconomic variables can affect the stock market according to the country's economic conditions and government policies. The Covid-19 pandemic has harmed the economy of almost all countries in the world, including Indonesia. This study explores the effect of Covid-19 and various macroeconomic variables on Islamic stock prices in Indonesia, namely the Jakarta Islamic Index (JII), by analyzing monthly data from 2015 to 2020. This study uses the Vector Error Correction Model (VECM) to investigate the short-term and long-term effects of each macroeconomic variable and international stock index to the JII index. The results showed that the Covid-19 dummy variable significantly impacts the JII index in the short term. Meanwhile, inflation, exchange rates, money supply, the United States S&P 500 index, China's SSE index, and the Covid-19 dummy variable significantly affect the JII index in the long term. Long-term results show that inflation, exchange rates, the United States S&P 500 index, and the Covid-19 dummy variable harm the JII index. On the other hand, the money supply and China's SSE Index positively affect the JII index. This study confirms that Covid-19 can affect the decline in the Islamic stock index in Indonesia, at least the results of this study can be used as material for discussion and research on the economic impact of the Covid-19 pandemic by providing empirical evidence that the pandemic has a restrictive effect on the performance of the Islamic stock market in Indonesia.

Does COVID-19 Pandemic Affect Bank Credit Risk? A Panel Data Analysis Ririn Riani
Ekonomi Islam Indonesia Vol. 3 No. 1 (2021): Ekonomi Islam Indonesia
Publisher : SMART Insight

This study aims to examine the impact of the COVID-19 pandemic on banking credit risk in Indonesia, namely conventional banks and Islamic banks which are proxied through NPL and NPF variables. This study used a sample of 12 conventional commercial banks and 12 Islamic commercial banks in Indonesia. The data used is quarterly data, namely from the 1st quarter of 2017 to the 4th quarter of 2020. Furthermore, in this paper, dummy variables are used to describe the period before and after the COVID-19 pandemic that caused various declines in the economy. The method in this study uses a panel data analysis approach. The results show that COVID-19 significantly affects credit risk in the overall model and conventional bank models. Meanwhile, no correlation was found between the COVID-19 pandemic and the Islamic bank model. Furthermore, the variables found to have a significant relationship with credit risk are bank capital, total loans, and bank profitability.

The Influence of Internal and Macroeconomic Factors on the Profitability of Islamic Commercial Banks in Indonesia Aam; Dito Prakoso
Ekonomi Islam Indonesia Vol. 3 No. 2 (2021): Ekonomi Islam Indonesia
Publisher : SMART Insight

This paper analyzes the determinant factors to the profitability of Islamic Commercial Banks in Indonesia during the period 2012 - 2019. To this objection, 14 Islamic Commercial Banks in Indonesia have been studied. A panel data study uses impact of internal bank and macroeconomic are combine to explain the profitability of Islamic Commercial Banks as measured by Capital Adequacy Ratio (CAR), Non-Performing Financing (NPF), Financing to Deposit Ratio (FDR), total of assets, inflation and Gross Domestic Product (GDP). This study analyzed using the Generalized Method of Moments (GMM) dynamic panel data. The results of the study found that only internal bank factors that significantly affect the profitability of Islamic Commercial Banks, namely CAR, NPF, and FDR. CAR has a positive effect on ROA, while FDR has a negative effect on ROA for Islamic Commercial Banks in Indonesia. Only NPF has a negative effect on the two proxies of profitability (ROA and ROE). The results of this study indicate that Islamic Commercial Banks in Indonesia need to manage their assets optimally and apply better prudential principles in financing management to minimize financing risks so as to increase bank profitability.

Sentiment Analysis on Gold Currency Anisa Mujahidah; Lina Marlina
Ekonomi Islam Indonesia Vol. 2 No. 2 (2020): Ekonomi Islam Indonesia
Publisher : SMART Insight

This research was conducted to examine the Gold Currency in the scope of the economy in terms of scientific research in published journals and indexed by Scopus. The method used is sentiment analysis from secondary data in the form of 100 journals published in the last three years and then processed using Ms. software. Excel 2016 and SentiStrength. The results show that research on Gold Currency in the scientific literature has increased. The sentiment analysis results show a tendency for negative perceptions in the scientific literature towards Gold Currency, with negative high sentiment of 1% and negative sentiment of 36%. The neutral sentiment at 43%, then positive sentiment at 20%. The benefit of this research is for literature material and considerations related to Gold Currency. As well as efforts to find out the threats, negative perceptions, and shortcomings of Gold Currency. In addition, to find out positive perceptions, advantages and benefits of Gold Currency.

Technological and Efficiency Change on Indonesian Islamic Insurance Industry Hasna Maliha
Ekonomi Islam Indonesia Vol. 2 No. 2 (2020): Ekonomi Islam Indonesia
Publisher : SMART Insight

Zakah institution is the intermediary organizations based on social. Although based on social activities, but the management is still needs to uphold professional, accountability and transparency principles. This study attempts to analyze the productivity level of zakat organization in Indonesia, both in terms of changes of its efficiency and also its technological. There are two things that are calculated in Malmquist index measurement that is catch-up effect and frontier shift effect. The catch-up effect measures the rate of change in relative efficiency from period 1 to period 2. Meanwhile the frontier shift effect measures the rate of technological change that is a combination of input and output from period 1 to period 2. The frontier shift effect is often called an innovation effect. Findings from the results of the productivity index analysis are very interesting. In general, there has been an increase in the level of productivity of zakat institutions in Indonesia in the period 2011 to 2016. The increase in productivity growth (1.116) of zakat institutions in Indonesia is generally caused by technological change (1.137) instead of changes in efficiency (0.982). Thus the service of zakat institutions is needed which is more innovative in relation to the development of technology in the future.

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Home Page

OAI Link

Editorial Team

Contact

Reviewer

Google Scholar

Contact Name Aam Slamet Rusydiana

Contact Email aamsmart@gmail.com

Phone +6289513117552

Journal Mail Official smartinsight.id@gmail.com

Editorial Address Jl. Bogor Baru No No.A. 4, RT.08/RW.09, 8, Tegallega, Kecamatan Bogor Tengah, Kota Bogor, Jawa Barat 16129

Location Kota bogor, Jawa barat INDONESIA

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Abstract

Contact Name
Aam Slamet Rusydiana

Contact Email
aamsmart@gmail.com

Phone
+6289513117552

Journal Mail Official
smartinsight.id@gmail.com

Editorial Address
Jl. Bogor Baru No No.A. 4, RT.08/RW.09, 8, Tegallega, Kecamatan Bogor Tengah, Kota Bogor, Jawa Barat 16129

Location
Kota bogor,

Jawa barat

INDONESIA