Analisa Dampak Sebelum Dan Sesudah Spin-Off Pada Profitabilitas: Studi Kasus Pada Unit Usaha Syariah Di Indonesia

Nurfadilah, Dety

doi:10.35137/jei.v20i2.309

Cited by 4 publications

(7 citation statements)

References 2 publications

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“…The AHP approach is used to determine the most important factors to achieve effectiveness. Previous research studies more about spin-off policies in the Islamic banking industry (Al Arif M. , 2018); (Kuncoro, 2018); (Bagus, 2019); (Nurfadilah & Samidi, 2019 ); (Nurkarima, Wulandaria, & Pambuko , 2021). Previous studies mainly examined efficiency, profitability, strategy, and spin-off criteria, which differ from this study.…”

Section: Introductionmentioning

confidence: 82%

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Determinants of the Effectiveness of the Islamic Insurance Industry Spin-Off Implementation in Indonesia with the Analytical Hierarchy Process Approach

Arianty¹,

Khabibi²

2022

J. Islam. Econ. Lariba

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This study aims to analyze the factors that have the highest level of importance in realizing the spin-off implementation of the Sharia Insurance Industry. The method used is qualitative with an Analytical Hierarchy Process (AHP) approach. Data were obtained from FGDs and AHP questionnaires with informants from AASI, the sharia life and general insurance industry, the Sharia Supervisory Board, the government, and regulators. The research results show that the clarity of policy, or spin-off criteria, has the highest importance. The sub-criteria with the highest level of importance is the clarity in value of tabarru funds which is 50% of the parent fund. The next factor is the actual practice in the industry and the function of monitoring and supervision, respectively. The factors that have the highest level of importance in realizing spin-off effectiveness are the relaxation of a specific aspect and the action of the industry, whether to continue or postpone the spin-off. These aspects include the implementation of tax relief based on the book value of the company's assets, relaxation in reducing costs that occur during and after the spin-off until the SBU is stable and independent, policies related to bank assurance, and policies related to capital. The research implication for industry and regulation considers determining integrated and coordinated efforts to achieve an effective spin-off implementation. The limitation of this research is in determining the factors not based on sub-criteria but the factors as a whole. The novelty of this research is in determining the topic and method, namely analyzing the most dominant factors to realize effectiveness with the AHP method.

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Section: Introductionmentioning

confidence: 82%

“…The study results indicate that the spin-off's implementation positively impacts the company's financial performance and profitability. There is also some research with the same object that produces different results that the spin-off policy does not affect profitability (Nurfadilah & Samidi, 2019 ); (Kuncoro, 2018).…”

Section: Previous Researchmentioning

confidence: 99%

Determinants of the Effectiveness of the Islamic Insurance Industry Spin-Off Implementation in Indonesia with the Analytical Hierarchy Process Approach

Arianty¹,

Khabibi²

2022

J. Islam. Econ. Lariba

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“…Seperti yang disampaikan peneliti sebelumnya, berdasarkan proyeksi dana tabarru, belum ada UUS yang dapat merealisasikan ketentuan prosentase dana tabarru sampai dengan akhir tahun 2024 sesuai UU nomor 40 tahun 2014 (Yustiani & et.al, 2022); (Nurhayat, 2021); (Arianty, Utami, Yustiani, & Haniyah, 2023) Perlu diperhatikan indikator yang sebaiknya dipertimbangkan pada saat menjadi full-pledge syariah meskipun tujuan awal dari spin-off tersebut diharapkan manfaat yang diperoleh mengalami peningkatan, seperti peningkatan profitabilitas dan efisiensi (Udin, 2010). Manfaat lainnya berdampak pada kinerja keuangan; (Nurfadilah & Samidi, 2019 ); (Hamid, 2015) dan nilai pasar yang berdampak pada nilai kepemilikan pemegang saham (Al. ; (Cristo & R.W, 2006).…”

Section: Pendahuluanunclassified

Perubahan Capital Aset Pricing Model, Risiko, dan Efisiensi: Triger Unit Asuransi Full-Pledge Syariah

Arianty,

Ghoni

2024

JIEI

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This research aims to analyze changes in capital asset values, risk levels, and efficiency as triggers for sharia insurance units to immediately provide full sharia guarantees. The method used is a quantitative method using financial ratios, Capital Asset Price Model (CAPM), and Financial Ratios. CAPM is used to find stock returns, financial ratios for risk and level of return. The results show that there is a change in PT JMAS stock returns which shows a decline in value. Regarding risk mitigation, the third company demonstrated effective risk control. Jasindo is bolder in taking premium risks, but the company has a strategy to increase the percentage of claims that become liabilities to reinsurance companies. In contrast to the Askrida sharia which is more careful in choosing premiums with high risks, this results in claims values that are relatively low and continue to decline. Finally, only the Askrida Syariah company shows a stable value even though the size is not yet significant. ROA growth at Jasando Syariah is less stable in maintaining returns from the use of its assets. There were less stable changes in ROA during 5 periods, 2017, 2018, 2019, 2021 and 2022..

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“…Some banks that spin off, some are successful and grow bigger but some banks experience a significant decline (Nurfadilah, 2019). The results of research written by Norfitriani (2016) show that BJB syariah experienced a decline in performance due to the spin off.…”

Section: Positivementioning

confidence: 99%

Islamic Banks Spin-Off Policy in Indonesia

Siti Salmah,

Devi

2023

FWM

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Government policy related to the Spin off of Islamic Banks is one of the efforts to develop and strengthen the role of Islamic banking. The purpose of this study is to see the extent of development and sentiment towards the Spin Off of Islamic Banks. The method used is descriptive statistical analysis combined with meta-analysis and sentiment from secondary data in the form of metadata from 45 Dimension indexed articles, then processed using Microsoft Excel 2019 and SentiStrenght software. The results of the analysis show that the topic of Islamic Bank Spin off has a neutral sentiment of 46.7% followed by a positive sentiment of 31.1% and a negative sentiment of 22.2%. In addition, factors that influence positive and negative sentiments towards the Islamic Bank Spin off were also found.

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Analisa Dampak Sebelum Dan Sesudah Spin-Off Pada Profitabilitas: Studi Kasus Pada Unit Usaha Syariah Di Indonesia

Cited by 4 publications

References 2 publications

Determinants of the Effectiveness of the Islamic Insurance Industry Spin-Off Implementation in Indonesia with the Analytical Hierarchy Process Approach

Determinants of the Effectiveness of the Islamic Insurance Industry Spin-Off Implementation in Indonesia with the Analytical Hierarchy Process Approach

Perubahan Capital Aset Pricing Model, Risiko, dan Efisiensi: Triger Unit Asuransi Full-Pledge Syariah

Islamic Banks Spin-Off Policy in Indonesia

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