Ali Sakti, Ali
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Published : 2 Documents
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PEMETAAN KONDISI DAN POTENSI BMT: Kemitraan dalam rangka Memperluas Pasar & Jangkauan Pelayanan Bank Syariah kepada Usaha Mikro Sakti, Ali
Jurnal al-Muzaraah Vol 1, No 1 (2013): Jurnal al-Muzara’ah
Publisher : Jurnal al-Muzaraah

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Abstract

AbstractThe limitations faced by Islamic Bank in terms of range, scope, service network and low competency of human resources serving micro and small enterprises have made linkage and partnership with Islamic microfinance institutions such as BMT become very important. On the other hand, weaknesses of BMT industry, such as the availability of information about the profile and performance of BMT, need to be enhanced by conducting surveys in the area that become the centers of BMT operation. Therefore, this study attempts to survey the condition and potential of BMT in three provinces in Java, namely West Java, Central Java and East Java. Survey on major variables such as asset volume and BMT financial performance shows very high variation. The findings also show that fundamental reform of governance is highly required, especially with respect to regulation and supervision of the BMT industry. In the short term, improvements can be made by optimizing the role of the Association of BMT and BMT Agencies. In general, based on various indicators, the performance of BMT in Central Java is better than those in East Java and West JavaKeywords: Islamic banks, BMT, Islamic microfinance institutions, linkage, partnerships, small micro-enterprises, cooperatives.
Analyzing the profit-loss sharing contracts with Markov model Wahyudi, Imam; Sakti, Ali
Communications in Science and Technology Vol 1 No 2 (2016)
Publisher : Komunitas Ilmuwan dan Profesional Muslim Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21924/cst.1.2.2016.17

Abstract

The purpose of this paper is to examine how to use first order Markov chain to build a reliable monitoring system for the profit-loss sharing based contracts (PLS) as the mode of financing contracts in Islamic bank with censored continuous-time observations. The paper adopts the longitudinal analysis with the first order Markov chain framework. Laplace transform was used with homogenous continuous time assumption, from discretized generator matrix, to generate the transition matrix. Various metrics, i.e.: eigenvalue and eigenvector were used to test the first order Markov chain assumption. Cox semi parametric model was used also to analyze the momentum and waiting time effect as non-Markov behavior. The result shows that first order Markov chain is powerful as a monitoring tool for Islamic banks. We find that waiting time negatively affected present rating downgrade (upgrade) significantly. Likewise, momentum covariate showed negative effect. Finally, the result confirms that different origin rating have different movement behavior. The paper explores the potential of Markov chain framework as a risk management tool for Islamic banks. It provides valuable insight and integrative model for banks to manage their borrower accounts. This model can be developed to be a powerful early warning system to identify which borrower needs to be monitored intensively. Ultimately, this model could potentially increase the efficiency, productivity and competitiveness of Islamic banks in Indonesia. The analysis used only rating data. Further study should be able to give additional information about the determinant factors of rating movement of the borrowers by incorporating various factors such as contract-related factors, bank-related factors, borrower-related factors and macroeconomic factors.