The Variables that Affect MurÄbaḥa Financing in Islamic Commercial Banks
Article Sidebar
Main Article Content
Abstract
MurÄbaḥa financing is a type of financing that dominates the financing contract on Islamic banking in Indonesia. This shows that financing on the basis of sale (murÄbaḥa) has a greater contribution than the financing of the basis for the profit and loss sharing (muá¸Äraba and muá¹£Äraka). The purpose of this study is to determine the factors that affect the financing of murÄbaḥa in the Islamic Commercial Banking in Indonesia by using variables Third Party Fund (DPK), Capital Adequacy Ratio (CAR), Financing to Deposit Ratio (FDR), Non-Performing Financing (NPF) and Return on Assets (ROA). The population in this study is the performance of Islamic Commercial Banks in Indonesia in the period of January 2014 to June 2016. The data used in this research is secondary data and sample selection by using purposive sampling method. The analytical tool used in this research is multiple linear regression analysis at significantly the rate of 5%. The results of this study indicate that the variable DPK, CAR, FDR, NPF, and ROA simultaneously have an influence on MurÄbaḥa. Coefficient determination test results show that the five independent variables affect the dependent variable amounted to 87.6% and the remaining 12.4% is influenced by other variables. Partially DPK, CAR, FDR, and ROA have a positive and significant effect on the financing MurÄbaḥa. While the NPF has no influence on MurÄbaḥa financing.
Article Details
The Authors submitting a manuscript do so on the understanding that if accepted for publication, copyright of the article shall be assigned to International Journal of Nusantara Islam, Sunan Gunung Djati State Islamic University.
The copyright encompasses exclusive rights to reproduce and disseminate articles in all forms and media, including reprints, photographs, microfilm, and similar reproductions, as well as translations. Some or all of the contents of this journal can be stored in databases and transmitted in any form and media without the need for written permission from the International Journal of Nusantara Islam, Sunan Gunung Djati State Islamic University.
The Editors and the Advisory International Editorial Board make every effort to ensure that no wrong or misleading data, opinions or statements be published in the journal. In any way, the contents of the articles and advertisements published in the International Journal of Nusantara Islam (IJNI) are sole and exclusive responsibility of their respective authors and advertisers.
References
Adeusi, Stephen Oluwafemi and Aluko, Olufemi Adewale. (2015). “Relevance of Financial Sector Development on Real Sector Productivity: 21st Century Evidence from Nigerian Industrial Sectorâ€. International Journal of Academic Research in Business and Social Sciences, June, Vol. 5, No. 6, http://dx.doi.org/10.6007/IJARBSS/v5-i6/1661, pp. 118-132
Aggarwal, Rajesh K. and Yousef, Tarik. (2000). “Islamic Banks and Investment Financingâ€. Journal of Money, Credit and Banking, Vol. 32, No. 1, February, http://dx.doi.org/10.2307/2601094, pp. 93-120
Agustin, Hamdi, Rus, Rohani MD, and Mohd, Kamarun Nisham Taufil. (2013). “Financial Performance and Ownership Structure: A Comparison Study between Community Development Banks, Government Banks and Private Banks in Indonesiaâ€. International Journal of Academic Research in Business and Social Sciences, December 2013, Vol. 3, No. 12, http://dx.doi.org/10.6007/IJARBSS/v3-i12/410, pp. 38-49.
Akhtar, Muhammad Farhan, Ali, Khizer, and Sadaqat, Shama. (2011). “Liquidity Risk Management: A comparative study between Conventional and Islamic Banks of Pakistan’. Interdisciplinary Journal of Research in Business, Vol. 1, Issue. 1, January, pp.35-44
Algifari. (2000). Analisis Regresi Teori, Kasus, dan Solusi. Yogyakarta: BPFE.
Anam, Sayedul, Bin Hasan, Shehub, Huda, Husain Ahmed Enamul, Uddin, Azad, and Hosain, Mina Mahbub. (2012). “Liquidity Risk Management: A Comparative Study between Conventional and Islamic Banks of Bangladeshâ€. Research Journal of Economics, Business and ICT, Vol 5, pp. 1-5.
Anjum, Iqbal. (2012). Liquidity Risk Management: A Comparative Study between Conventional and Islamic Bank of Pakistan. Global Journal of Management and Business Research, 12 (5).
Anto., Wibowo, M.G. (2012). Faktor-Faktor Penentu Tingkat Profitabilitas Bank Umum Syariah Di Indonesia. Jurnal Ekonomi Islam. La_Riba, VI (2): 72-88.
Ansary, Osama A. El- and Hafez, Hassan M. (2015). “Determinants of Capital Adequacy Ratio: an Empirical Study on Egyptian Banksâ€. Corporate Ownership & Control, Volume 13, Issue 1, pp. 806-8016
Athoillah, M. Anton. (2013). “Zakat as an Instrument of Eradicating Poverty (Indonesian Case)â€. International Journal of Nusantara Islam, Vol. 1 No. 1 pp. 73-85, https://doi.org/10.15575/ijni.v1i1.37
Athoillah, M. Anton, and Al-Hakim, Sofyan. (2013). “Reinterpreting the Ratio legis of the Prohibition of Usuryâ€. Middle-East Journal of Scientific Research, 14 (10), pp. 1390-1400, http://dx.doi.org/10.5829/idosi.mejsr.2013.14.10.2187
Brown Jr., J. Robert. (2015). “Secularism, Sharia, and the Turkish Financial Marketsâ€. Brooklyn Journal of International Law, Vol. 40, No. 2, pp. 408-463
Darmawan, Dani. (2013). Metode Penelitian Kuantitatif. Bandung: PT. Remaja Rosdakarya.
Dendawijaya, Lukman. (2005). Manajemen Perbankan. Jakarta: Ghalia Indah.
Gazzar, Manar Mahmood Al-, (2014), “The Financial Performance of Islamic vs. Conventional Banks: An Empirical Study on The GCC & MENA Region†Faculty of Business, Economics and Political Science Bachelor's Dissertation/ Senior Year Project, British University in Egypt.
Ghenimi, Ameni and Omri, Mohamed Ali Brahim. (2015). “Liquidity Risk Management: A Comparative Study between Islamic and Conventional Banksâ€. Journal of Business Management and Economics, 3: 6 June, http://dx/doi.org/10.15520/jbme.2015.vol3.iss6. 107.pp25-30
Hadiyyatul Maula, Khodijah. (2008). Pengaruh Simpanan (Dana Pihak Ketiga), Modal Sendiri, Marjin Keuntungan dan NPF (Non Performing Financing) terhadap Pembiayaan MurÄbaḥah pada Bank Syariah Mandiri. Skripsi (Bachelor's Dissertation), Fakultas Syariah, Universitas Islam Negeri Sunan Kalijaga Yogyakarta.
Hanif, Muhammad. (2011). “Differences and Similarities in Islamic and Conventional Bankingâ€. International Journal of Business and Social Science Vol. 2 No. 2, pp. 166-175.
Havidz, Shinta Amalina Hazrati and Setiawan, Chandra, (2015), “Bank Efficiency And Non- Performing Financing (NPF) The Indonesian Islamic Banksâ€. Asian Journal of Economic Modelling, 2015, 3(3), http://dx.doi.org/10.18488/journal.8/2015.3.3/8.3.61.79,
pp. 61-79
Islam, Md Tanim Ul and Ashrafuzzaman, Mohammad. (2015). “A Comparative Study of Islamic and Conventional Banking in Bangladesh: Camel Analysisâ€. Journal of Business and Technology (Dhaka), Vol 10, No 1, pp. 73-91.
Jarhi, Mabid Ali M. M. Al-. (2014). “Towards an Economic Theory of Islamic Finance Regulationâ€, Journal of Islamic Banking and Finance, Vol. 2, No. 1, March, pp. 345-366
Lindsey, Tim, (2012), “Between Piety and Prudence: State Syariah and the Regulation of Islamic Banking in Indonesiaâ€, Sydney Law Review - Volume 34, Number 1, March, pp.107- 127.
Malim, Nurhafiza Abdul Kader. (2015). Islamic Banking and Risk Management: Issues and Challenges†Journal of Islamic Banking and Finance, Oct.- Dec., pp. 64-70
Meydianawati, Luh Gedhe. (19 Juli 2010). Citing Internet sources URL https://isa7695.wordpress.com/2010/07/19/analisis-perilaku-penawaran-kredit-perbankan- kepada-sektor-umkm-di-indonesia-2002-2006/
Medyawati, Henny and Yunanto, Muhammad. (2011). “Banking Development, Agriculture and Manufacturing Industry Sector in Economic Growth in Indonesia: Do They Influence?â€. International Journal of Trade, Economics and Finance, Vol. 2, No. 4, pp. 312-317
Muharam, Harjum, (2012), “The Influence of Fundamental Factors to Liquidity Risk on Banking Industry: Comparative Study between Islamic Bank and Conventional Bank in Indonesia†in Conference in Business, Accounting and Management (CBAM), Unissula, Semarang, Indonesia, 1 (2), pp. 359-368.
Nasirudin. (2005). Faktor-faktor yang Mempengaruhi Loan to Deposit Ratio (LDR) di BPR Wilayah Kerja Kantor Bank Indonesia Semarang. Tesis (Master's Dissertation), Fakultas Ekonomi dan Bisnis, Universitas Diponegoro Semarang.
Pratama, Billy Arma. (2010). Analisis Faktor-Faktor Yang Mempengaruhi Kebijakan Penyaluran Kredit Perbankan (Studi Pada Bank Umum di Indonesia Periode Tahun 2005-2009). Tesis (Master's Dissertation), Falultas Ekonomi dan Bisnis, Universitas Diponegoro Semarang.
Pratin., Adnan, Akhtar. (2011). Liquidity Risk Management: A Comparative Study between Conventional and Islamic Bank of Pakistan. Interdisciplinary Journal of Research in Business, 2 (1): 17-30.
Purbaningsih, Yoppy Palupi, (2014). “The Effect of Liquidity Risk and Non Performing Financing (NPF) Ratio to Commercial Sharia Bank Profitability in Indonesiaâ€. International Proceedings of Economics Development and Research (IPEDR), Volume 73, http://dx.doi.org/10.7763/IPEDR.2014.V7.12
Rafay, Abdul and Sadiq, Ramla. (2015). “Problems and Issues in Transformation from Conventional Banking to Islamic Banking: Literature Review for the Need of a Comprehensive Framework for A Smooth Changeâ€. City University Research Journal, Volume 05 Number 02 July, Article 10, pp. 315-326.
Reid, Brian K. and Rea, John D. (2003). “Mutual Fund Distribution Channels and Distribution Costsâ€. Perspective, Vol. 9, No. 3, July, pp. 1-20
Riyadi, Selamet. (2006). Banking Assets and Liability Management. Jakarta: Lembaga Penerbit Fakultas Ekonomi Universitas Indonesia.
Rustam, Bambang Rianto. (2013). Manajemen Risiko Perbankan Syariah di Indonesia. Jakarta: Salemba Empat.
Said, Salmah, (2015), “Sharia Banking Performance in Makassarâ€. Al-Ulum, Volume 15 Number 1 June, pp. 21 – 42
Setiawati, Irma, Kartini, Dwi, Rachman, Sulaeman, and Febrian, Erie, (2015) “Assessing the Islamic Banking Financial Performance in Indonesiaâ€. International Journal of Education and Research, Vol. 3 No. 10 October, pp. 233-248
Shofawati, Atina, (2014), “MurÄbaḥah Financing in Islamic Banking: Case Study in Indonesiaâ€. Proceedings of 5th Asia-Pacific Business Research Conference, 17 - 18 February, 2014, Hotel Istana, Kuala Lumpur, Malaysia, pp. 1-18.
Sugiyarso, G. (2005). Manajemen Keuangan. Yogyakarta: Media Pressindo.
Wibowo, E.S., Syaichu, M. (2012). Analisis Pengaruh Suku Bunga, Inflasi, Car, Bopo, NPF Terhadap Profitabilitas Bank Syariah. Jurnal Ekonomi Universitas Diponegoro, 11 (2): 34- 51.
Yadiati, W. (2006). The Influence of Equity Finqancing Funding Rate and Rate on Profitability of Islamic Bank. Journal of Accountancy Universitas Padjajaran, 9 (1): 67-83.
Youssef, Amr and Samir, Osama (2015), “A comparative study on the financial performance between Islamic and conventional banks: Egypt caseâ€. International Journal of Business and Economic Development, Vol. 3 Number 3, pp. 20-34.