Spin-off policy is one of the crucial issues in the Indonesian Islamic Banking Act (The Act of 21/2008). This paper is going to evaluate the spinoffs criteria that are inherent in the Act of 21/2008. The method that has been used in this paper to evaluate the spinoffs criteria is ARIMA and simulation. This ARIMA method is used to forecast that the Islamic banking unit can achieve the fifty percent asset after fifteen years after this act. The object that is used in this paper is four Islamic spin-off's banks, five Islamic banking units, and two Islamic fullfledged banks. The ARIMA result shows that from all of the objects in fifteen years or the year of 2023, there are no Islamic banks either Islamic full-fledged banks or Islamic banking unit can achieve the fifty percent asset. Besides that, based on the simulation it needs high growth asset to achieve the market share asset of its parent's banks. According to these results, this study suggests the regulator should revise the spinoffs criteria using the strict criteria that based on either nominal assets, capital, financial ratio or the others.
There are two purposes that want to be assessed in this paper. The first purpose is to indicate whether the moral hazard problems are occurred in the Indonesian Sharia Bank (The moral hazard in this paper is the Indirect Moral Hazard which is the negligence of bank in the financing process influencing the moral hazard problems of the debtor in the other side. The second purpose is to assess whether the financing policies in the Sharia Banking are influenced by profit sharing system. The data for assessing this paper are acquired from the monthly financial reports published by Sharia Banks such as BSM and BM] from January 2001 to December 2004. The research based on the Error Correction Model in the long term shows that the increasing of allocation ratio of Murabahah to Musyarakah and Mudharabah results the increasing of non performing financing ratio. It indicates that the moral hazard problems are occurred in BM]. The moral hazard indication demonstrates that bank is both less careful in financing and less incentive in monitoring process. It also demonstrates the weakness of the Sharia bank ’s operational system in countering the debtor's moral hazard. The Granger Causality Test proves that profit sharing ratio (nisbah) between bank and debtor influences return ratio, however it does not ‘influence financing allocation). On the other hand, financing allocation ratio influences nisbah ratio, furthermore in BSM case, return ratio influences nisbah ratio. This description shows that nisbah ratio is not only an instrument for calculating revenue/return distribution but also an instrument for Sharia bank in synchronizing profit sharing level with the interest rate in conventional bank.
This study aimed to conduct a study and analysis of government fiscal policies related to the components of revenue (taxes) and some components of spending (education/human resources and infrastructure sectors). Issues regarding the effectiveness of the allocation of government budgets, particularly for human resources and infrastructure sectors, is an important issue that is very interesting to discuss. Especially if associated with their impact on improving people's welfare. With a limited income, the government must make a choice to prioritize the education/human resources sector or infrastructure sector.
AbstrakPenelitian ini bertujuan untuk melakukan studi dan analisis kebijakan fiskal terkait dengan komponen pendapatan (pajak) dan beberapa komponen pengeluaran (pendidikan/sumber daya manusia dan infrastruktur). Isu mengenai efektivitas alokasi anggaran pemerintah, terutama untuk sumber daya manusia dan infrastruktur, merupakan masalah penting yang sangat menarik untuk dibahas. Apalagi jika dikaitkan dengan dampaknya pada peningkatan kesejahteraan rakyat. Dengan pendapatan yang terbatas, penelitian ini merekomendasikan pemerintah harus membuat pilihan untuk memprioritaskan sektor pendidikan/sumber daya manusia atau sektor infrastruktur.
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