Yulizar Djamaluddin Sanrego, Yulizar Djamaluddin
Tazkia University College of Islamic Economics

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Comparing Conventional Bank Credit Vis A Vis Shariah Bank Musharakah: Experimental Economic Approach Abduh, Muhamad; Sanrego, Yulizar Djamaluddin
Tazkia Islamic Finance and Business Review Vol 3, No 1 (2008)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

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Abstract

Central Bank of Indonesia with dual banking system – i.e Shariah and Conventional Bank – keep on developing system that considered as an answer to generate the national economic growth. One of the banking activities that emphasized by the Central Bank of Indonesia is fund distribution through either conventional bank credit or shariah bank fi nancing. Having the Experimental Economic Approach based on Induced Value Theory and employing ANOVA, this paper found that shariah bank musharakah fi nancing system would come up with higher profi t opportunity compare to conventional credit system. One main reason is that musharakah fi nancing in shariah bank applies profi t and lost sharing (PLS) scheme so that will not be a burden to the customer when he fi nd low profi t.Keywords: Credit Loan, Musharakah Financing, Induced Value Theory, Experimental Economic Approach, Analysis of Variance (ANOVA).
Preferensi Masyarakat Pesantren Terhadap Bank Syariah (Studi Kasus DKI Jakarta) Noor, Fahd; Sanrego, Yulizar Djamaluddin
Tazkia Islamic Finance and Business Review Vol 6, No 1 (2011)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

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Abstract

Sebagai basis pendidikan Islam, pondok pesantren berpotensi besar dalam pertumbuhan perbankan syariah di Indonesia khususnya di DKI Jakarta. Namun potensi tersebut belum diperhatikan secara maksimal oleh praktisi perbankan syariah. Hal ini dapat diindikasikan dengan masih minimnya masyarakat pesantren yang menjadi nasabah bank syariah. Tulisan ini ingin melihat sejauh mana preferensi masyarakat pesantren terhadap bank syariah khususnya di DKI Jakarta, dengan menggunakan metode regresi logistik (Logit) yang terdiri dari variable dependen ( Y0 = Non-nasabah dan Y1 = Nasabah) dan beberapa variable independen yang terdiri dari pendidikan, penghasilan, pengetahuan, akses, profesionalitas, fasilitas, popularitas dan bunga bank. Dari hasil hasill analisis yang dilakukan diketahui bahwa pengetahuan dan akses sanggat berpengaruh positif terhadap masyarakat pesantren. Sementara profesionalitas dan fasilitas justru berpengaruh negatif, hal ini dikarenakan masih minimnya pengetahuan masyarakat pesantren terhadap bank syariah sehingga mereka tidak berminat menggunakan bank syariah bahkan lebih cenderung menggunakan bank konvensional. Sosialisasi akan perbankan syariah di indonesia khususnya di DKI Jakarta terhadap masyarakat masih sangat minim khususnya masyarakat pesantren, dibutuhkannya peran dari seluruh stake holder untuk mendukung serta mensosialisasikan perbankan syariah secara berkelanjutan dan tepat sasaran.JEL Classification : G21Kata Kunci : Perbankan syariah, Masyarakat pesantren, Preferensi
PENGARUH VARIABEL MAKRO DAN MIKRO TERHADAP NPL PERBANKAN KONVENSIONAL DAN NPF PERBANKAN SYARIAH Poetry, Zakiyah Dwi; Sanrego, Yulizar Djamaluddin
Tazkia Islamic Finance and Business Review Vol 6, No 2 (2011)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

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Abstract

This research attempts to identify the effect of macro and micro variables to NPL (Non Performing Loan) in conventional banking and NPF (Non Performing Financing) in syariah banking. The macro and micro variables used in this research are IPI (Industrial Production Index), inflation, exchange rate, SWBI/SBIS (Sertifikat Wadiah Bank Indonesia/Sertifikat Bank Indonesia Syariah), SBI (Sertifikat Bank Indonesia), LDR (Loan to Deposit Ratio), FDR (Financing to Deposit Ratio), and CAR (Capital Adequacy Ratio).This research finds that in short run, there is no significant variables effecting NPL and NPF. In long run significant variables effecting NPL are exchange rate, IPI, inflation, SBI, LDR, and CAR and significant variables effecting NPF are lnER, lnIPI, inflasi, SBIS, FDR_BS, and CAR. According to the IRF result, this research finds that NPF in islamic banking is more stable than NPL in conventional banking to deal with macro and micro variables fluctuation. According to FEVD variables affecting NPL in conventional banking are inflation and SBI; variable affecting NPF in syariah banking is only FDR.JEL Classification: D81,G21Keywords: Non Performing Loan, Non Performing Financing
THE ROLE OF ISLAMIC CAPITAL MARKET FOR MICRO, SMALL, AND MEDIUM ENTERPRISES (MSMES) THROUGH SYNERGY OF MUTUAL FUND AND VENTURE CAPITAL INSTITUTION Sanrego, Yulizar Djamaluddin
Journal of Islamic Monetary Economics and Finance Vol 3 No 1 (2017): AUGUST
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (5613.106 KB) | DOI: 10.21098/jimf.v3i1.711

Abstract

It is worldly known that one of the main obstacles which is often faced by the micro, small, and medium enterprises (MSMEs) practitioners is the ability to access sources of funding. At the time where the absorption of banking credit to MSMEs is still very limited, the role of sharia capital market is considered as an alternative to support this limitation. Expanding the role of sharia capital market finds it moment when Indonesia Finance Service Authority (FSA) issued regulations that provide space for the capital market to also active in real sector businesses. In accordance with the FSA Rules N0.37/2014, mutual fund (unit trust) in the form of Collective Investment Contract (CIC) - Limited Investment/ Participation Fund (LPF) has the objective to pave the way for mutual fund investors to make direct investments in real investments. The proposed model that might be realized to smoothen the intermediary role of sharia capital market to the development of MSMEs is through the hybrid model that might linking mutual fund/investment manager and corporate, particularly venture capital. Using Analytical Network Process (ANP) approach this paper indicates that with the value of rater agreement 1.0, the research found that there are four main cluster problems which become an obstacle the proposed model, namely: (a) the reputation of mutual fund/investment manager; (b) investment grade rating of corporate (venture capital); (c) risk appetiate of investor as shahib al-mal; and (d) government regulation. Policy recommendation that might become solution, according to the value of rater agreement 1.0  is sequentially as follow, namely: (a) fully support from government; especially for a relatively new mutual fund with no experience in the capital markets industry; (b) Corporate (venture capital) should be able to offer Islamic Microfinance Finance Institutions (IMFIs) and MSMEs that have good business feasibility to the mutual fund/investment manager as well as investor; (c) the government should be able to guarantee legal certainty in the context of protection, including advocacy for investors; and last but not least (d) There is an extremely hope that investors could change their investment behavior paradigm, from risk averse to risk taker. Keywords: Sharia capital market, Mutual fund, Venture capital, MSME JEL Classification: G1, G23, G24
MEASURING THE PERFORMANCE OF ISLAMIC BANKING IN INDONESIA: AN APPLICATION OF MASLAHAH-EFFICIENCY QUADRANT (MEQ) Rusydiana, Aam Slamet; Sanrego, Yulizar Djamaluddin
Journal of Islamic Monetary Economics and Finance Vol 3 (2018): SPECIAL ISSUE
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (552.594 KB) | DOI: 10.21098/jimf.v3i0.909

Abstract

Despite of market condition under perfect or unperfect competition, Islamic banking has to reach their level of efficiency in order to succeed and make a profit; those who do not will fail and be forced to exit the market. However apart of having a sound performance, Islamic banking also has to comply with the sharia principles. This paper aims to have efficiency and maslahah measurement in one assessment framework that is maslahah-efficiency quadrant (MEQ). The study from 2011-2014 revealed that Bank Muamalat Indonesia (BMI) and Sharia Panin Bank are excellent since both are within the first quadrant. Whereas Bank Sharia Mandiri (BSM), Sharia Maybank, and Sharia Bukopin Bank are considered good at the second quadrant; Bank Rakyak Indonesia Sharia (BRI) and BCA Sharia are fair at the third; and Bank Mega Sharia, Victoria Sharia, Bank Negara Indonesia Sharia (BNI), and Bank Jabar Banten Sharia (BJB) are poor at the fourth sequentially. It is urge for Islamic bank that are in low level of MSI to have a critical policy to keep in line with the five factor of maqashid sharia apart of having efficiency in order to reach maslahah.