The Effect Of Sukuk On The Profitability Of Islamic Bank In Indonesia

Sholikhin, Mohammad Yusron; Amijaya, Rachmania Nurul Fitri; Herianingrum, Sri

doi:10.30659/ijibe.5.1.33-46

Cited by 4 publications

(6 citation statements)

References 7 publications

(10 reference statements)

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“…This study ascertained that Inflation has insignificant impact on Islamic banks' profitability. This result, supported by the previous study conducted by Sholikhin et al, (2020), also showed that Inflation has no significant impact on the profitability of Islamic banks. The probability value of these variables can show this result are higher than α 10% (0.2988, 0.2369, and 0.9064 > 0.1).…”

Section: Discussionsupporting

confidence: 84%

Examining the Correlation Between Islamic Banks Profitability and the Business Cycle in Indonesia

Sholikhin

Supriani

Amijaya

2021

IJIBE

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This study aims to examine the correlation between Islamic banks' profitability in Indonesia and the business cycle, which measured by composite leading Indicator (CLI).�This study used several annual data covering the period from 2004-2018. This study utilizes Islamic banks profitability represent by Return on Asset (ROA) data as the dependent variable, CLI data as the dependent variable, and six control variables including Gross Domestic Product, Inflation, Financial to Deposit Ratio, Capital Adequacy Ratio, Non-Performing Finance, and Operating Costs Operating Income. This study adopted multiple regression analysis by using EViews 9.0 software. This study reveals that CLI has a positive and significant impact on ROA, which indicated that the expansion of business cycle activities would increase Islamic banks' profitability. Thus, this study suggests that Islamic bank should engage with the companies that relied on their business activities in the rill sector to boost their profitability. The limitation of this study is this study adopted Indonesian Islamic banks in general. Therefore, this study does not capture the correlation amongst the variables in the specific Islamic banks and region, which might be different from this result due to the differences in banks' internal conditions, culture, and the business cycle in the various region.

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Section: Discussionsupporting

confidence: 84%

Examining the Correlation Between Islamic Banks Profitability and the Business Cycle in Indonesia

Sholikhin

Supriani

Amijaya

2021

IJIBE

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“…If the value of the Max-Eigen and determine value is higher than the critical value of 1% and 5%, then the data cointegrated. (Sholikhin, Amijaya, & Herianingrum, 2020) The results of the cointegration test are shown in the following table: The results of the cointegration test based on trace statistics stated that the SR008 yield model contained a cointegration rank at a critical value of 5%. This shows that in addition to the short-term relationship, there is also a long-term relationship between variables in the model so that further research using the VECM model can be conducted.…”

Section: Cointegration Testmentioning

confidence: 99%

The the Effect of Bank Indonesia Certificates, Inflation, Exchange Rate, Government Revenue and Government Expenditure to Yield Retail Sukuk

Hariyanto¹

2022

j. anggar. dan keuang. n.a. indonesia akurasi

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This study discusses the effect of Bank Indonesia Certificates, Inflation, Exchange Rate, Government Revenue, and Government Expenditure to Yield Retail Sukuk SR008 using the Vector Auto Regression (VAR) – Vector Error Correction Model (VECM) method. The result of this study based on the VECM test results, it can be concluded that a significant variable that positively influences yield in the short term are Inflation and Government Revenue variable. In the short term, inflation and government revenue affect the yield requested by investors. The government will respond to inflation fluctuations by changing Bank Indonesia Certificates, and ultimately this will affect yield. Declining government revenue will cause an increase in the issuance of SBN, and this in the law of demand and supply will affect yield. While in the long term, the variables that significantly affect positively are the Bank Indonesia Certificates, Inflation, Government Revenue. As in the short term, inflation and government revenue affect yield in long term. Then the variable that affects negatively is the Government Expenditure. As in the short term, government spending in the long term also does not affect the SR008 yield. As in the short term, inflation and state income affect yield.

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“…Inflasi merupakan suatu ukuran ekonomi suatu sistem perekonomian ditandai dengan harga ratarata barang/ jasa yang diproduksi meningkat (Hamidin, 2018). Inflasi digambarkan suatu keadaan yang ditandai dengan peningkatan harga-harga barang/jasa dan atau turunnya nilai mata uang yang beredar (Sholikhin, 2020). Inflasi yang tinggi akan mengakibatkan penurunan keuntungann perusahaan, karena menyebabkan kenaikan harga barang secara umum.…”

Section: Inflasiunclassified

“…Menurut hasil pengujian hipotesis dalam penelitian ini menunjukkan bahwa penerbitan SBSN memilkik pengaruh signifikan terhadap Return On Assets Perbankan Syariah di Indonesia. Hasil penelitian ini sejalan dengan penelitian yang dilakukan oleh Mohammad Yusron Sholikhin (2020). Hasil penelitian ini berbeda dengan penelitian yang dilakukan Fitria Rahmah (2016) menyatakan bahwa Penerbitan SBSN memiliki Pengaruh yang negative dan signifikan terhadap prfitabilitas perbankan Syariah dan bertentangan dengan penelitian yang dilakukan oleh Ikromi Ramadhani (2013) yang menyatakan bahwa Penerbitan SBSN tidak memiliki pengaruh terhadap prfitabilitas perbankan Syariah.…”

Section: Pembahasan Pengaruh Penerbitan Sbsn Terhadap Return On Asset...unclassified

“…Penelitian yang terkait dengan pengaruh penerbitan SBSN terhadap profitabilitas perusahaan telah banyak di lakukan Sholikhin (2020), dengan judul The Effect Of Sukuk And Inflation On TheProfitability Of Islamic Bank In Indonesia hasil menunjukan bahwa penerbitan SBSN memiliki pengaruh yang signifikan terhadap profitabilitas perusahaan (Sholikhin, 2020). Penelitian lain di lakukan oleh Fitria Rahmah (2016) hasil penelitian menunjukan bahwa SBSN berpengaruh negative dan signifikan terhadap profitabilitas dan berpengaruh posit terhadap Efisiensi bank, SIZE dan FDR berpengaruh positif dan signifikan terhadap profitabilitas bank dan berpengaruh signifikan terhadap efisiensi bank, sedangkan NPF dan CAR berpengaruh dan signifikan terhadap profitabilitas bank dan berpengaruh positif signifikan terhadap efisiensi bank (Rahma, 2016).…”

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Pengaruh Penerbitan Surat Berharga Syariah Negara (SBSN) dan Faktor Eksternal Terhadap Profitabilitas Perbankan Syariah di Indonesia

Suhaidi

2022

jesya

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Profitabilitas perusahaan dapat diartikan sebagai prospek atau masa depan, banyak faktor yang dapat mempengaruhi tingkat profitabilitas suatu perusahaan, sehingga perusahaan dituntut untuk melakukan upaya agar memperoleh profit yang maksimal. Salah satu indikator profitabilitas perusahaan dapat di lihat dari nilai Return On Asset perusahaan itu sendiri. Dari latar belakang masalah di atas, penelitian ini dilakukan untuk mengetahui pengaruh penerbitan SBSN terhadap profitabilitas Perbankan Syariah di Indonesia, untuk mengetahui pengaruh Inflasi terhadap profitabilitas Perbankan Syariah di Indonesia, mengetahui pengaruh BI Rate terhadap profitabilitas Perbankan Syariah di Indonesia, mengetahui pengaruh Kurs Rupiah terhadap profitabilitas Perbankan Syariah di Indonesia dan untuk mengatahui pengaruh penerbitan SBSN, Inflasi, BI Rate dan Kurs Rupiah terhadap profitabilitas Perbankan Syariah di Indonesia. Jenis penelitian ini adalah penelitian kuantitatif. Sumber data dalam penelitian ini bersumber dari data-data sekunder. Teknik pengumpulan data menggunakan studi dokumentasi berupa Statistik perkembangan Bank Umum Syariah di Indonesia yang menerbitkan SBSN dan data-data yang dipublikasikan oleh Bursa Efek Indonesai dan Otoritas Jasa Keuangan serta Bank Indonesia. Sedangkan teknik analisis data dalam penelitian ini menggunakan teknik analisis uji secara parsial dan secara berganda. Berdasarkan hasil penelitian dapat disimpulkan bahwa Secara Parsial, pertama, penerbitan SBSN memiliki pengaruh yang positif terhadap Return On Asset Bank Umum Syariah di Indonesia. Kedua, Inflas memiliki pengaruh Signifikan terhadap Return On Aset Bank Umum Syariah di Indonesia. Ketiga, BI Rate memiliki pengaruh terhadap Return On Aset serta Kurs Rupiah memiliki berpengaruh positif secara signifikan terhadap terhadap Return On Aset Bank Umum Syariah di Indonesia. Adapun secara simultan penerbitan SBSN, Inflasi, BI. Rate dan Kurs Rupiah memiliki pengaruh positif dan signifikan terhadap Return On Aset Bank Umum Syariah di Indonesia

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The Effect Of Sukuk On The Profitability Of Islamic Bank In Indonesia

Cited by 4 publications

References 7 publications

Examining the Correlation Between Islamic Banks Profitability and the Business Cycle in Indonesia

Examining the Correlation Between Islamic Banks Profitability and the Business Cycle in Indonesia

The the Effect of Bank Indonesia Certificates, Inflation, Exchange Rate, Government Revenue and Government Expenditure to Yield Retail Sukuk

Pengaruh Penerbitan Surat Berharga Syariah Negara (SBSN) dan Faktor Eksternal Terhadap Profitabilitas Perbankan Syariah di Indonesia

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