Pengaruh Tingkat Return Sertifikat Bank Indonesia Syariah (SBIS) Terhadap Penempatan Pada SBIS dan ROA Bank Umum Syariah di Indonesia

Abstract

In order to fulfill the need of banking industry that grew rapidly, Bank Indonesia create several monetary instrument. One of them is Islamic Certificate of Bank Indonesia (SBIS). This research aims to investigate the effect of return rate of SBIS to investment in SBIS and also the profitability of sharia commercial banks in Indonesia. The research method used is path analysis with three kind of variables, which is SBIS’s return rate as exogenous variable, investment in SBIS as intervening endogenous variable, and the profitability as endogenousvariable.The result of this research shows that SBIS’s return rate effects significantly positive to the investment in SBIS, but effects unsignificantly negative to the probability of sharia commercial banks. Meanwhile investment in SBIS has non-significantly positive effect to the profitability of sharia commercial banks.

The role of financial performance on the profitability of Indonesian Islamic banks

“…The utilization of a return system with guaranteed short-term receipts benefits Islamic Banks, ultimately leading to increased profitability, thereby positively impacting ROA. In line with this, research by Kawiryawan et al (2015) suggests the increase in ROA may occur because the placement of funds in SBIS can provide income to Islamic banks without causing losses due to the certainty of payment of rewards in accordance with the agreement at the auction. However, Sudarsono (2017) found in his research that SBIS did not exert a significant influence on BUS ROA.…”

“…Previous studies have explored internal factors such as CAR, FDR, NPF, and bank size (Purnamasari, 2019;Anggraini & Mawardi, 2020;Anisa & Anwar, 2021;Amrina et al, 2021;Maghfiroh et al, 2021;Syahputri et al, 2022;Patra & Padhi, 2022). Other studies have examined a combination of internal and external factors such as GDP, inflation, SBIS, and interest rates (Kawiryawan et al;Sudarsono, 2017;Marginingsih, 2018;Ahmed & N'Dri, 2021;Derbali, 2021;O'Connell, 2022;Patra & Padhi, 2022).…”