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Tazkia Islamic Finance and Business Review
ISSN : 24600717     EISSN : 24600717     DOI : -
Core Subject : Economy,
Tazkia Islamic Finance and Business Review (TIFBR) is a peer-reviewed journal published by the Institute for Research and Community Empowerment (IRCE), Tazkia University College of Islamic Economics in collaboration with Association of Islamic Economics Lecturers (ADESY). The Journal is semi-annual journal issued in July and December. The aim of the journal is to disseminate Islamic Economics, finance and business researches done by researchers both from Indonesia and overseas.
Arjuna Subject : -
Articles 4 Documents
Search results for , issue " Vol 3, No 2 (2008)" : 4 Documents clear
Determinants of Banking Credit Default in Indonesia: A Comparative Analysis Imaduddin, Muhammad
Tazkia Islamic Finance and Business Review Vol 3, No 2 (2008)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

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Abstract

This study aims to analyze the determinants of Islamic banking credit default compared with conventional banking in Indonesia. This study utilized timeseries analysis, by which ordinary least square method is adopted. 40 monthly data observations from January 2003 until April 2006 are used. The study is divided into two models, namely Islamic banking model and conventional banking model. The values of non-performing financing (NPF) in Islamic banking and non-performing loan (NPL) in conventional banking are treated as the dependent variables. The results showed that two-month lagged of non-performing financing (NPF), total asset (ASSET), the amount of thirdparty-funds (TPF), one-month lagged of total financing (DFIN), and growthof gross-domestic product (GDPG) variables have significant impact to the ratio of non-performing financing (NPF) in Islamic banking. Meanwhile, the three-month lagged of non-performing loan (DDDNPL), total asset (CASSET), three-month as well as two-month period lagged of total loan (DDDCRED and DDCRED), inter-bank money market (PUAB), and growth of gross-domestic (GDPG) are significant to influence the ratio of non-performing loan (NPL) in conventional banking. The result also implied that the general election in 2004 had a significant influence to the ratio of non-performing financing (NPF) in Islamic banking.Even tough from the outset, it seems Islamic banking has a better performance than conventional banking by having a relatively low NPF, this study, however, has found the opposite. Albeit, Islamic banking showing a good long-runas well as short-run dynamics among all variables in the beginning, after modifying the model into autoregressive in the main analysis, results showed that conventional banking has a better performance than Islamic banking with higher correlation of determination. In this regard, we cannot assume thatIslamic banking is performing poorly in managing credit default problems. This is because the result implied that the level of Islamic banking’s R-squared, R-bar-squared and DW values are good. Therefore, although Islamic banking is relatively a new comer in the Indonesian banking industry, it has shown a good performance in the banking credit risk management and can compete head-on with conventional banking, respectively.Keywords: Islamic Banking, Conventional Banking, Indonesia, Credit Default, and Time-Series Analysis
Measuring the Competitiveness of Islamic Banking in Indonesian Dual Banking System Ascarya, Ir; Yumanita, Diana
Tazkia Islamic Finance and Business Review Vol 3, No 2 (2008)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

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Abstract

Islamic banks in many countries have emerged as important component of financial system that contributes to the growth and development of the country’s economy. They have proven to be a viable and competitive component of the overall financial system. In the dual banking system, Islamic banks have to be competitive to survive. One of the key to competitiveness is efficiency. This study will measure and compare the efficiency of Islamic and conventional banks in Indonesia using Data Envelopment Analysis (DEA) methodology. DEA is a non-parametric, deterministic methodology for determining the relative efficiency and managerial performance, based on the empirical data on chosen inputs and outputs of a number of decision making units. DEA allows us to compare the relative efficiency of banks by determining the efficient banks as benchmarks and by measuring the inefficiencies in input combinations (slack variables) in other banks relative to the benchmark. Intermediation approach will be applied. This study will identify the sources and level of inefficiency for each of the inputs and outputs of Islamic banks and conventional banks in Indonesia. The result shows that in overall, Islamic banking is relatively more efficient than conventional banking. This means that Islamic banks are competitive enough to compete with conventional banks. Islamic banking is technically more efficient, but less scale efficient than conventional banking. Internal inefficiency is the main source of disintermediation of conventional banking in Indonesia. Furthermore, accelerated expansion, organically and inorganically, is needed to improve scale and overall efficiencies of Islamic banking in Indonesia.Keywords: Banking, Islamic Banking, Efficiency, Data Envelopment Analysis
Does Islamic Banking Contribute to Economic Development? Evidence from Malaysia Furqani, Hafas; Mulyany, Ratna
Tazkia Islamic Finance and Business Review Vol 3, No 2 (2008)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

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Abstract

Does Islamic banking contribute to the economic development of a country? In what way Islamic banking contribute to the economic development? Are the main question might be asked to examine the viability of Islamic banking to the economic development. This paper attempts to answer those questions by examining the dynamic interactions between Islamic banking and economic development of Malaysia by employing the Cointegration test and Vector Error Model (VECM) to see whether the Islamic financial system contributes to the economic development and economic development that contribute to the transformation of the operation of the Islamic financial system in the longrun. We use time series data of total Islamic bank financing (IB financing) and real GDP per capita (RGDP), fixed investment (GFCF), and trade activities (TRADE) to represent real economic sectors. We found that in the short-run only fixed investment that granger cause Islamic bank to develop for 1997:1-2005:4. Where as in the long-run, there is evidence of a bidirectional relationship between Islamic bank and fixed investment and there is evidence to support ‘demand following’ hypothesis of GDP and Islamic bank, where increase in GDP causes Islamic banking to develop and not vice versa. Islamic banking is also found to have less contribution to the international trade in the form of export and import of goods and services.Keywords: Islamic banking, economic growth, Malaysia, VECM
Analisis Kinerja Keuangan Dengan Menggunakan Rasio-Rasio Keuangan Dan Economic Value Added (Studi Kasus: PT. Bank Syariah Mandiri) Piliang, Endri; Wakil, Abdul
Tazkia Islamic Finance and Business Review Vol 3, No 2 (2008)
Publisher : Institute for Research and Community Empowerment (LPPM TAZKIA)

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Abstract

This paper analyzes the financial peformance of Bank Syariah Mandiri (BSM) using financial ratios and Economic Value Added (EVA) method. The ratio of Net Profit Margin (NPM), Return on Asset (ROA), Return on Equity (ROE), and Capital Adequacy Ratio (CAR) show fluctuative result. However, on average, during 2003-2006 financial performance of BSM was increased considerably. While using EVA method, its result during 2003-2006 tend to decreased and even negative. The best performance was happening in 2003, whereby during 2004 - 2006 EVA result was lower than zero meaning that financial performance of BSM do not have any economic contribution to the institution especially for the interest of investor.Keywords: Economic Value Added, NPM, ROA, ROE, CAR

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