STUDY OF THE EFFECT OF MACROECONOMIC INDICATORS ON MUDHARABAH SAVINGS IN INDONESIAN SHARIA BANKING
Keywords:
Sharia Bank, Savings, Mudharabah, BI Rate, Profit-Share
Abstract
This study will discuss the impact of the profit level shares, interest rates BI, inflation, and the number of Islamic banking offices on the mudharabah savings in Indonesia. The population are the whole unit of Sharia banking in Indonesia, while the research sample was selected from 60 pieces divided into five variables. Each variable represents 12 samples selected based on monthly data. Research data were obtained from secondary sources like Bank Indonesia, Financial Services Authority, Sharia Commercial Banks, and Sharia Business Units with data period from January 2017 – December 2021. Time series data includes monthly statistical reports on BI interest rate data, inflation, and monthly banking reports in Sharia. The data analysis method uses the Eviews application with linear regression analysis. The results indicate that the variables for profit-sharing, BI rate, inflation, and several offices simultaneously have a significant effect on mudharabah savings in Islamic banks in Indonesia.
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References
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Rizal, F., & Humaidi, M. (2021). Analysis of Soundness Level of Islamic Banks in Indonesia 2015-2020. Etihad: Journal of Islamic Banking and Finance, 1(1), 12-22.
Rudiansyah, A. (2014). The Influence of Inflation, Bi Rate, GDP and Rupiah Exchange Rate on Mudharabah Deposits in Islamic Banks in Indonesia. Surabaya State University Student Journal, 2 (April), 1–12.
Shara, Y. (2021). Antecedents of Raising Third Party Funds Journal of Accounting and Business Research, Journal of Accounting and Business Research 21 (1), 54–62.
Sholikha, A. (2018). The Influence of Interest Rates, Profit-sharing Rates, Liquidity, Inflation, Bank Size, and Gross Domestic Product Growth on Mudharabah Deposits of Islamic Commercial Banks in Indonesia. El-Jizya: Journal of Islamic Economics, 6 (1), 1–22. https://doi.org/10.24090/ej.v6i1.2045
Ulfa, A. (2021). Impact of the Merger of Three Islamic Banks in Indonesia. Scientific Journal of Islamic Economics, 7(2), 1101–1106.
Warninda et al.. (2019). Do Mudarabah and Musharakah financing impact Islamic Bank credit risk differently? Research in International Business and Finance, 49, 166–175. https://doi.org/10.1016/j.ribaf.2019.03.002
Widyastuti. (2019). Analysis of the Influence of Murabahah Financing, Profit-sharing Rates and BI Reference Interest Rates on the Volume of Mudharabah Financing in Islamic Banking in Indonesia (2016-2018 Period). AKTSAR: Journal of Sharia Accounting, 2 (2), 215–232. https://doi.org/10.21043/aktsar.v2i2.6071
Wijaya, R. (2021). Review of Jurisprudence and Al-Wadiah Akad Practices in Islamic Banking in Indonesia. Scientific Journal of Management, Business and Accounting Students (JIMMBA), 3 (2), 302–310. https://doi.org/10.32639/jimmba.v3i2.816
Wulandari, T. (2021). Analysis of the Effect of Variance and Interest Rates on Study Stock Returns at IDX30 IDX companies. MBIA, 20(3), 235-247.
Yesika & Sukamto. (2020). The Influence of Increasing Bi Interest Rates and Inflation on the Financial Performance of Islamic Banks. Mu'allim Journal of Islamic Education, 2 (2), 159–174.
Aghnia, M. (2017). Analysis of Factors Affecting Bank Syariah Mandiri Mudharabah Savings 2006-2013. Economics Development Analysis Journal, 4 (2), 143–150.
Augustine. (2021). Theory of Islamic Banks. JPS (Journal of Islamic Banking), 2 (1), 67–83. https://doi.org/10.46367/jps.v2i1.279
Amanah, F., Juliprijanto, W., & Prasetyanto, PK (2020). Analysis of the Influence of Inflation, Interest Rates and Statutory Reserves on the Money Supply in Indonesia in 2005-2019. DYNAMIC: Directory Journal of Economics, 2(4), 1055-1067.
Aini et al.. (2021). Factors Influencing Mudharabah Savings at Islamic Commercial Banks (Bus) in Indonesia in 2018 – 2019. Dynamics of Accounting, Finance and Banking, 10 (2), 121–133.
Anggraini, R., & Putri, DA (2020). Critical Study of Islamic Economics in Examining Monetary Policy as an Effort to Save the Economy Amid the Covid-19 Pandemic. BONANZA J urnal: Management and Business, 1(2), 80-97.
Anugrah & Nandaningsih. (2021). Mudharabah Financing Concept in Islamic Banking. Muhasabatuna : Journal of Sharia Accounting, 3 (1), 61–65. https://doi.org/10.54471/muhasabatuna.v3i1.1095
Bashir & Wulandari. (2020). Application of the Principle of Profit-sharing in Financing in Islamic Banks According to the Islamic Banking Act. Equator Law Review, 1 (1), 61–76.
Budianto, EWH (2022). Research Mapping of Mudharabah Contracts in Islamic Financial Institutions: Vosviewer Bibliometric Study and Literature Review. J-EBIS (Journal of Islamic Economics and Business), 43-68.
ER, NE (2018). Analysis of the Number of Branch Office Outlets Development and the Needs of Frontliners in the Digital Banking Era (Case study at Subsidiary Sharia Banks and BUMN Bank UUS in Yogyakarta). Sustainable Competitive Advantage (SCA), 8(1).
Falahuddin, F., & Mina, M. (2019). The Influence of Profit-sharing Rates and Bi Rates on the Amount of Mudharabah Savings in Islamic Banks for the 2013-2018 Period. Journal of Accounting and Finance, 7(2), 121-134.l
Fatoni, A. (2021). The Influence of the Federal Reserve Interest Rate and the Rupiah Exchange Rate on the Jakarta Islamic Index. Al Iqtishod: Journal of Islamic Economic Thought and Research, 9 (2), 1–18. https://doi.org/10.37812/aliqtishod.v9i2.241
Febiola et al.. (2021). The Influence of Mudharabah Savings and Musyarakah Financing on Profits Case Study at Five National Islamic Banks. Scientific Journal of Unity Management, 9 (3), 573–586. https://doi.org/10.37641/jimkes.v9i3.766
Fikri & Manda. (2021). The Effect of BI Interest Rate, Inflation, and Exchange Rate Risk on Profitability at Bank BNI Syariah for 2012-2019. Dewantara Accounting, 5 (2), 112–135. https://doi.org/10.26460/ad.v5i2.8950
Hawiwika, L. (2021). Determination of Composite Stock Price Index: Analysis of the Influence of Bi Rate, Rupiah Exchange Rate and Inflation Rate (Financial Management Literature Review). 2 (5), 650–658.
Juniarty, N., Mifrahi, MN, & Tohirin, A. (2018). Factors affecting mudharabah deposits at Islamic banks in Indonesia. Journal of Islamic Economics & Finance, 3 (1), 36–42. https://doi.org/10.20885/jeki.vol3.iss1.art5
Panjaitan, PD, Purba, E., & Damanik, D. (2021). The Influence of Money Supply and Exchange Rate on Inflation in North Sumatra. Journal of Equilnomy, 3(1), 18-23.
Maryati et al.. (2022). Factors Influencing Mudharabah Savings of Islamic Commercial Banks 2015-2019 in Indonesia. Journal of Finance and Banking (IF), 11 (2), 207–215.
Permana, YH, & Setiawan, S. (2022). The Role of Bank Indonesia in Stabilizing the Economy and the Money Supply Through Monetary Policy. Dimamu Journal, 1(2).
Princess, DA (2022). Application of mudharabah contracts in savings products, ACCOUNTABLE: Journal of Accounting and Finance ISSN: 0216–7743 (Print) 2528–1135 (3), 522–527. https://doi.org/10.29264/jakt.v19i3.11579
Rachmad, DR (2021). Sharia Compliance in Mudharabah and Musyarakah Contracts. Journal of Al-Falah Islamic Banking, 3(1), 10-21.
Rahmany. (2020). Factors Influencing Mudharabah Savings in Islamic Banking in Indonesia. JPS (Journal of Islamic Banking), 1 (2), 122–137.
Rahmatillah, D., & Nuryanti, N. Review of the Concept of Mudharabah Contracts in Indonesia (Review of the Implementation of Mudharabah Contracts in Indonesian Sharia Banks). ISLAMIC BUSINESS and FINANCE (IBF), 2(2).
Rizal, F., & Humaidi, M. (2021). Analysis of Soundness Level of Islamic Banks in Indonesia 2015-2020. Etihad: Journal of Islamic Banking and Finance, 1(1), 12-22.
Rudiansyah, A. (2014). The Influence of Inflation, Bi Rate, GDP and Rupiah Exchange Rate on Mudharabah Deposits in Islamic Banks in Indonesia. Surabaya State University Student Journal, 2 (April), 1–12.
Shara, Y. (2021). Antecedents of Raising Third Party Funds Journal of Accounting and Business Research, Journal of Accounting and Business Research 21 (1), 54–62.
Sholikha, A. (2018). The Influence of Interest Rates, Profit-sharing Rates, Liquidity, Inflation, Bank Size, and Gross Domestic Product Growth on Mudharabah Deposits of Islamic Commercial Banks in Indonesia. El-Jizya: Journal of Islamic Economics, 6 (1), 1–22. https://doi.org/10.24090/ej.v6i1.2045
Ulfa, A. (2021). Impact of the Merger of Three Islamic Banks in Indonesia. Scientific Journal of Islamic Economics, 7(2), 1101–1106.
Warninda et al.. (2019). Do Mudarabah and Musharakah financing impact Islamic Bank credit risk differently? Research in International Business and Finance, 49, 166–175. https://doi.org/10.1016/j.ribaf.2019.03.002
Widyastuti. (2019). Analysis of the Influence of Murabahah Financing, Profit-sharing Rates and BI Reference Interest Rates on the Volume of Mudharabah Financing in Islamic Banking in Indonesia (2016-2018 Period). AKTSAR: Journal of Sharia Accounting, 2 (2), 215–232. https://doi.org/10.21043/aktsar.v2i2.6071
Wijaya, R. (2021). Review of Jurisprudence and Al-Wadiah Akad Practices in Islamic Banking in Indonesia. Scientific Journal of Management, Business and Accounting Students (JIMMBA), 3 (2), 302–310. https://doi.org/10.32639/jimmba.v3i2.816
Wulandari, T. (2021). Analysis of the Effect of Variance and Interest Rates on Study Stock Returns at IDX30 IDX companies. MBIA, 20(3), 235-247.
Yesika & Sukamto. (2020). The Influence of Increasing Bi Interest Rates and Inflation on the Financial Performance of Islamic Banks. Mu'allim Journal of Islamic Education, 2 (2), 159–174.
Published
2023-12-30
How to Cite
Abidin, A. (2023, December 30). STUDY OF THE EFFECT OF MACROECONOMIC INDICATORS ON MUDHARABAH SAVINGS IN INDONESIAN SHARIA BANKING. Hunafa: Jurnal Studia Islamika, 20(2), 179-207. https://doi.org/https://doi.org/10.24239/jsi.Vol20.Iss2.698
Section
Articles
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
