Irfan Syauqi Beik
Department of Economics, Bogor Agricultural University

Published : 22 Documents
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ANALISIS PEMBIAYAAN DAN KREDIT SEKTOR KONSTRUKSI DI INDONESIA: STUDI PERBANKAN SYARIAH DAN KONVENSIONAL Kusumawati, Nidaa Nazaahah; Nuryartono, Nunung; Beik, Irfan Syauqi
JURNAL EKONOMI DAN KEBIJAKAN PEMBANGUNAN Vol. 6 No. 1 (2017): Jurnal Ekonomi dan Kebijakan Pembangunan
Publisher : IPB University

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (1321.223 KB) | DOI: 10.29244/jekp.6.1.21-40

Abstract

The construction sector is an important sector in supporting development projects in Indonesia. The development of the construction sector requires the role of the banking sector to provide access of capital through credit or financing. This study aims to analyze the factors affecting construction financing and credit in Islamic and Conventional Banking in Indonesia and among regions in Indonesia. This study uses Vector Autoregression/ Vector Error Correction Model (VAR/VECM) with monthly data from 2006 until 2014 and panel data analysis with yearly data from 2009 until 2013. The study results that the factors affecting financing and credit on Construction Sector in Indonesia are Third Party Funds (DPK), Wholesale price index, fee of SBIS (interest rate of SBI), percentage of Non Performing Financing (Non Performing Loan), Consumer Price Index and equivalent rate of financing (Interest rate of Credit). Furthermore, the factors affecting financing and credit on Construction Sector among regions in Indonesia are Third Party Funds, Gross Domestic Regional Product of Construction Sector, Gross Domestic Regional Product per Capita and percentage of Non Performing Financing (Non Perfoming Loan). Keywords: Construction, Credit, Financing, Panel data, VAR/VECM
THE RELATIONSHIP BETWEEN JAKARTA ISLAMIC INDEX AND OTHER SELECTED MARKETS: EVIDENCE FROM IMPULSE RESPONSE FUNCTION Beik, Irfan Syauqi; Wardhana, Wisnu
Jurnal Ekonomi dan Bisnis Airlangga (J E B A) | Journal of Economics and Business Airlangga Vol 21, No 2 (2011): JURNAL EKONOMI DAN BISNIS AIRLANGGA
Publisher : Fakultas Ekonomi dan Bisnis, Universitas Airlangga

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (311.568 KB) | DOI: 10.20473/jeba.V21I22011.4291

Abstract

The financial crisis, which was triggered by the subprime credit in the United States, is probably themost severe crisis for the last century. It has affected many countries in the world including Indonesia.In spite of worsening financial market in recent months, Indonesia has a great potency to be a hubfor international Islamic finance. This paper attempts to analyze Indonesia’s Islamic Stock Market,namely Jakarta Islamic Index (JII), in relation with other Islamic as well as conventional stock marketsin Malaysia and the United States, especially during the subprime crisis which started in early 2006.This research uses daily closing data of stock price indices obtained from Bloomberg database fromJanuary 1, 2006 until December 31, 2008. It employs time series analysis of cointegration and impulseresponse function. The results show that there is no long run relationship between Indonesia’s capitalmarket and both Malaysia and the US markets. For investors, the results will give them choices fortheir investment portfolio. Meanwhile, in Indonesia’s perspective, this should be an opportunity forpromoting its capital market as the potential destination for profitable investment. In the short run,the JII is significantly affected by the shock or disturbance taking place in the other markets. However,the results also indicate that the JII is the least volatile and more stable market.Keywords: Jakarta Islamic Index, cointegration analysis, impulse response function
Construction Of CIBEST Model as Measurement of Poverty and Welfare Indices From Islamic Perspective Beik, Irfan Syauqi; Arsyianti, Laily Dwi
Al-Iqtishad: Journal of Islamic Economics Vol 7, No 1: January 2015
Publisher : Faculty of Shariah and Law

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v7i1.1361

Abstract

One of the major challenges faced by most of the Islamic countries is poverty. This paper attempts to construct the concept of poverty and welfare standards based on Islamic perspective.The study tries to cover both material and spiritual dimensions. These standards are based on CIBEST Quadrant, which is divided into four quadrants: welfare quadrant (I), material poverty quadrant (II), spiritual poverty quadrant (III) and absolute poverty quadrant (IV). Determination of these quadrants is resulted from criteria and indicators of basic material needs and basic spiritual needs. By using household as unit of analysis, this study is able to developCIBEST Model comprising welfare index,  material  poverty  index,  spiritual  poverty  index,  and  absolute  poverty index. Mathematical formula and illustration of the indices are also elaborated to strengthen the concept.DOI:10.15408/aiq.v7i1.1361
Analysis of Factors Affecting Compliance Level of Paying Zakat: A Case Study in Bogor Regency Mukhlis, Ahmad; Beik, Irfan Syauqi
Jurnal al-Muzaraah Vol 1, No 1 (2013): Jurnal al-Muzara’ah
Publisher : Jurnal al-Muzaraah

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Abstract

AbstractPoverty is one of major problems faced by Indonesia. The economic crisis occured within the country and around the world has lengthened the poverty disaster attacking Indonesia. To overcome these problems, zakat is likely to be an alternative solution that can be utilized by government. Zakat is a means legalized by Islam in capital formation. Capital formation is not solely based on utilization and development of natural resources, but also from obligatory contributions of the rich. Zakat is also playing significant role in improving the quality of human resources and the provision of facilities and infrastructure of production. The potential zakat of Indonesia exceeds Rp 217 trillion, but in reality the absorption of zakat funds reached Rp 1.5 trillion in 2010. The huge gap between the potential and the actual collection of zakat indicates that there are some Muslims who are less motivated to pay zakat. The purpose of this study is to identify factors that affect compliance level of paying zakat, and to identify the dominant factors, in order to more easily create optimal policy. Results from this study are expected to help increase acceptance of zakat, both at central and regional levels. Data is collected through a survey of 100 respondents in Bogor regency. The analytical method used is factor analysis. The program used to analyze the data is SPSS Statistics 17 for Windows. From these results, it is known that factors affecting willingness to pay the zakat are: religious factors, such as faith, religious understanding, and rewards; and other factors such as social awareness, self-satisfaction, and organizations. This also gives guidance that in order to increase zakat revenue, emphasis not only on religious aspect, but also on social, self-satisfaction, and organization aspects is very important. Among the variables that affect compliance level of paying zakat is the role of amil organization (OPZ). OPZ professionalism can strengthen regularity of zakat payer to pay zakat at OPZ. Improving the quality of OPZ in terms of transparency, socialization, and administration, will significantly affect the preferences of zakat payers to fufill their obligation at the amil institutions.Keywords: Potential of zakat, factor analysis, zakat institution
Pengaruh Indeks Harga Saham Syariah Internasional dan Variabel Makro Ekonomi Terhadap Jakarta Islamic Index Beik, Irfan Syauqi; Fatmawati, Sri Wulan
Al-Iqtishad: Journal of Islamic Economics Vol 6, No 2: July 2014
Publisher : Faculty of Shariah and Law

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v6i2.1228

Abstract

The Impact of International Islamic Stock Market and Macroeconomic Variables Towards Jakarta Islamic Index (JII) This research atempts to examine the impact of international Islamic stock market and macroeconomic variables towards Jakarta Islamic Index (JII). By using Vector Error Correction Model (VECM) as the method, this research utilizes time series monthly data from January 2007 to October 2012. The finding shows that JII is positively significantly affected by DJIEU, DJIMY and IPI, and it is negatively significantly affected by DJIJP, IMUS, M2 and SBIS.JII reaches its stability condition fastest when dealing with money supply shock. This study recommends: strengthening coordination between monetary authority and financial services authority, strengthening real sector of the economy, minimizing the influence of interest Rate towards Islamic financial market, and developing early warning system to anticipate financial crises.  DOI:10.15408/aiq.v6i2.1228
The Role of Islamic Rural Bank in Financing the SMEs: Customer Perspective Analysis (Case Study of Amanah Ummah Bank in Bogor City, Indonesia) Beik, Irfan Syauqi; Arsyanti, Laily Dwi
Tazkia Islamic Finance and Business Review Vol 4, No 2 (2009)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (380.914 KB)

Abstract

One of the basic problems faced by small scale and medium enterprises (SMEs) in Indonesia is the availability of financing access provided by financial institutions including banking institution. There are three types of Islamic bank operating in Indonesia presently: Islamic commercial bank, Islamic banking unit and Islamic rural bank. Providing the SMEs with sufficient financing source is highly required. This paper attempts to observe empirically the role that have been played by Islamic rural bank in financing the SMEs, by taking case study of Amanah Ummah Bank, the best Islamic rural bank in the country. Thirty small and medium entrepreneurs have been selected as the sample of the research, and have been deeply interviewed on September and October 2008. Descriptive statistics, IPA (Importance Performance Analysis) and CSI (Customer Satisfaction Index) methods have been used as analytical methods. The results show that the financing given by the bank does really help the SMEs. There are three factors, which are important, and which have satisfied the SMEs. These are easiness of bank’s requirements, the speed of financing approval, and bank’s services. In general, the respondents are of the view that the bank has shown a good performance.Keywords : SMEs, Islamic rural bank, customers’ perception
Why The Rate Of Financing In Islamic Banks Is High? An Analysis Based On Malaysian Case Beik, Irfan Syauqi; Arsyianti, Laily Dwi
Tazkia Islamic Finance and Business Review Vol 3, No 1 (2008)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (388.666 KB)

Abstract

Islamic banking has grown rapidly and has become fi nancial-nerve centre in today’s world economy, particularly in the last three decades. It has attracted various entrepreneurs and enterprises to get its fi nancing. However, Islamic banks tend to have a higher rate of fi nancing compared to the conventional ones. This less competitiveness encourage the demand for Islamic products may fall leaving the Islamic banks. Good debtors opted for conventional loans since the interest rates paid were relatively lower and the rest (the bad debtors) successfully made their way to Islamic banks. Therefore, the nonperforming financing of Islamic banks is high. This paper attempts to analyze factors that determine high rate of fi nancing in Islamic banks, by taking the case of Malaysian Islamic banks. In this paper, the top three of Islamic banks and conventional banks are selected for comparison. It finds that high default premium and overheads per capital contribute signifi cantly to the high fi nancing rate. Hence, the Islamic banks should diversify their assets and implement universal banking concept.Keywords: Islamic bank, rate of fi nancing, NPF (Non-Performing Financing), universal banking system
DAMPAK KINERJA INTERNAL DAN KONDISI MAKRO EKONOMI TERHADAP PROFITABILITAS PADA PERBANKAN Widokartiko, Bayu; Achsani, Noer Azam; Beik, Irfan Syauqi
Jurnal Aplikasi Bisnis dan Manajemen (JABM) Vol 2, No 2 (2016): JABM Vol. 2 No. 2, Mei 2016
Publisher : School of Business, Bogor Agricultural University (SB-IPB)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.17358/jabm.2.2.161

Abstract

The objectives of this study are 1) to analyze and measure the impacts of internal performance variables of the conventional and Islamic banking toward profitability; 2) to analyze and measure the impacts of macro-economic variables influencing the profitability of conventional and Islamic banking. This research used Granger causality and Vector Auto Regressive (VAR)/Vector Error Correction Model (VECM) as the data analysis tools. The results of this study confirm that Islamic banking has a more stable profitability in response to macroeconomic conditions as compared to the conventional banking system. The response of the profitability toward the influence of the movement of macroeconomic variables can conclude that the Islamic banking can be stable more quickly in CURRENCY and INFLATION. The influence of the performance variable of the internal banking toward macroeconomic occurs more frequently in conventional banks. CAR internal performance variable is influential on BI Rate, and LDR is influential on currencies. Key words: profitability, Islamic banking, granger causality, VAR, VECM
APLIKASI MODEL BISNIS MICROBANKING SYARIAH DI INDONESIA Effendi, Jaenal; Baga, Lukman Mohammad; Beik, Irfan Syauqi; Nursyamsiah, Tita
IQTISHADIA Vol 10, No 2 (2017): IQTISHADIA
Publisher : Ekonomi Syariah STAIN Kudus

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21043/iqtishadia.v10i2.2241

Abstract

Microbanking is generally defined as a broad set of financial services to meet the needs of the poor and small enterprises. However, mirobanking that have been well-designed might not have a positive impact on the poorest unless it particularly obtains to reach them through proper business model. On the other hand, Indonesia lists as the largest Moslem community in the world.  Hence, microbanking that are ruled under sharia regulation namely Islamic microbanking hopefully enable to support the development program particularly to the poor and SMEs in Indonesia. Therefore, the study of practices Islamic microbanking business model should be conducted in order to design the strategy of development, particularly on financial inclusion program. This study used qualitative analysis through a process of discussion, focus group discussion (FGD), in-depth interviews and literature review in order to gain information from primary and secondary sources as well as a comparative study of business models of Islamic microfinance in Indonesia.
ANALISIS FAKTOR-FAKTOR YANG MEMPENGARUHI TINGKAT PARTISIPASI DAN PEMILIHAN TEMPAT BERZAKAT DAN BERINFAK Beik, Irfan Syauqi; Alhasanah, Izzatul Mabniyyah
Jurnal Ekonomi & Keuangan Islam Volume 2 No. 1, Januari 2012
Publisher : Faculty of Economics, Universitas Islam Indonesia

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Abstract

Brebes is one of the region that has high rate of poverty on national level. In the same time, however, Brebes is also the forth highest of Regional GDP in Central Java. One of instrument that is expected to reduce the poverty rate and income disparity is zakah. This research is aim to analyse factors affecting participation rate of society for paying zakah, charity, and choosing its payment place in Brebes Region. A questionare was distributed to 100 respondents and then analyzed by using discriminant factor. The result shows that factors affecting participation rate for paying zakah are believe, altruism, appreciation, organization, and income. In addition, factors affecting participation rate for paying charity are believe, altruism, satisfaction, education level, and frequency for charity. Meanwhile, education and organization on Zakah Management (OPZ) affect the choice of payment place for zakah.