Apakah Sukuk Ritel Merupakan Ancaman Bagi penghimpunan Dana Pihak Ketiga Pada Bank Syariah?

Muhammad Syakur

doi:10.24912/je.v25i2.651

Authors

Muhammad Syakur Fakultas Ekonomi dan Bisnis, Universitas Airlangga, Surabaya

DOI:

https://doi.org/10.24912/je.v25i2.651

Keywords: ritel sukuk, Islamic bank, third parties funds.

Abstract

This research is a quantitative study that aims to consider the effect of retail Sukuk on the collection of third parties funds (TPF) in Indonesian Islamic Banks for 2015 - 2019. The data used are secondary data retrieved from Islamic Banking Statistics Report for shariah commercial and unit shariah bank quarterly. The method is multiple linear regression analysis techniques with Ordinary Least Square (OLS) approach, using TPF as the dependent variable while Retail Sukuk, ROA, Promotion Cost, Inflation and Bi rate as the independent variables. The results show Retail Sukuk has a negative and significant impact on the collection of TPF which is intended that retail Sukuk is causing the decrease of TPF amount in an Indonesian Islamic bank. Therefore the Indonesian government needs to review the policies related to retail Sukuk issuance in order to synergize with the development of Islamic Banks. Other results indicate that ROA and promotion costs have a positive and significant influence on TPF collection in Indonesian Islamic banks while the BI rate is the opposite.

Author Biography

Muhammad Syakur, Fakultas Ekonomi dan Bisnis, Universitas Airlangga, Surabaya

muhammad.syakur-2018@pasca.unair.ac.id

References

Abduh, M., Omar, M. A., and Duasa, J. (2011). The Impact of Crisis and Macroeconomic Variables towards Islamic Banking Deposits Department of Business Administration Department of Economics , Kulliyah of Economics and Management Sciences , International Islamic University , Malaysia. 8(12), 1413–1418.

Acunto, F. D., Hoang, D., and Weber, M. (2015). Inflation Expectations and Consumption Expenditure ∗. February.

Afrida, Y., dan Iskandar, R. (2018). Pengaruh inflasi, kurs, tingkat suku bunga, pertumbuhan ekonomi, dan jumlah uang beredar terhadap jumlah dpk bank syari’ah yenti afrida.

Akhtar, B., Akhter, W., & Shahbaz, M. (2017). Determinants of deposits in conventional and Islamic banking: a case of an emerging economy. International Journal of Emerging Markets, 12(2), 296–309. https://doi.org/10.1108/IJoEM-04-2015-0059.

Al-Sharif, B. M., Qwader, A., and Fattah Al-Slehat, Z. A. (2017). The Effect of Promotion Strategy in the Jordanian Islamic Banks on a Number of Customers. International Journal of Economics and Finance, 9(2), 81. https://doi.org/10.5539/ijef.v9n2p81.

Aysan, A. F., Disli, M., Duygun, M., and Ozturk, H. (2018). Religiosity versus rationality: Depositor behavior in Islamic and conventional banks. Journal of Comparative Economics, 46(1), 1–19. https://doi.org/10.1016/j.jce.2017.03.001.

Dash, S. K., and Kumar, L. (2018). Does Inflation Affect Savings Non-linearly? Evidence from India. Margin, 12(4), 431–457. https://doi.org/10.1177/0973801018786155.

Demiralp, S. (2015). The rational Islamic actor ? Evidence from Islamic banking New Perspectives on Turkey Perspectives on Turkey : The rational Islamic actor ? Evidence from Islamic. May, 1–27. https://doi.org/10.1017/npt.2014.1

Dendawijaya, Lukman .(2009). Manajemen Perbankan. Jakarta : Ghalia Indonesia

Kincaid, M., Jr. (2003). Promotion, Product, Service and Ideas(6th ed.). Columbus, Hoi, Bell 7, Howell Co.

Kemenkeu. (2020). Kementrian Keuangan Republik Indonesia. Retrieved Feb 20, 2020 from https://www.kemenkeu.go.id/sukukritel.

Lestari, P. (2009). Efektivitas Pengaruh Besaran Biaya Promosi Dalam Penghimpunan Dana Pihak Ketiga. Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah, 1(2), 1–32. https://doi.org/10.15408/aiq.v1i2.2461.

Mimouni, K., Smaoui, H., Temimi, A., and Al-Azzam, M. (2019). The impact of Sukuk on the performance of conventional and Islamic banks. Pacific Basin Finance Journal, 54(June 2018), 42–54. https://doi.org/10.1016/j.pacfin.2019.01.007.

Mushtaq, S., and Siddiqui, D. A. (2017). Effect of interest rate on bank deposits: Evidences from Islamic and non-Islamic economies. Future Business Journal, 3(1), 1–8. https://doi.org/10.1016/j.fbj.2017.01.002.

Nachrowi, Nachrowi Djalal dan Hardius Usman. (2002). Penggunaan Teknik Ekonometri. Jakarta : PT.RajaGrafindo Persada

OJK. (2019). Otoritas Jasa Keuangan : Laporan Perkembangan Keuangan Syariah Indonesia.

Razak, S. S., Saiti, B., and Dinç, Y. (2019). The contracts, structures and pricing mechanisms of sukuk: A critical assessment. Borsa Istanbul Review, 19, S21–S33. https://doi.org/10.1016/j.bir.2018.10.001.

Rose, P and Sylvia hudgins .(2010). Bank Management and Financial Service, McGraw-Hill Irwin, New York, NY.

Said, M., dan Ali, H. (2016). An analysis on the factors affecting profitability level of Sharia banking in Indonesia. Banks and Bank Systems, 11(3), 28–36. https://doi.org/10.21511/bbs.11(3).2016.03.

Saunders, A. and Cornett, M.M. (2010). Financial Markets and Institutions: A Modern Perspective, McGraw-Hill Irwin, New York, NY.

Smaoui, H., and Ghouma, H. (2020). Sukuk market development and Islamic banks’ capital ratios. Research in International Business and Finance, 51(17), 101064. https://doi.org/10.1016/j.ribaf.2019.101064.

Smaoui, H., Mimouni, K., and Temimi, A. (2017). Sukuk, banking system, and financial markets: Rivals or complements? Economics Letters, 161, 62–65. https://doi.org/10.1016/j.econlet.2017.09.014.

Sufian, F. (2011). Profitability of the Korean Banking Sector : Panel Evidence on Bank-Specific and Macroeconomic Determinants 1 Introduction. 7(1), 43–72.

Sukmana, R. (2019). A critical assessment of retail sovereign sukuk in Indonesia. Qualitative Research in Financial Markets. https://doi.org/10.1108/QRFM-10-2018-0109.

Susanti, V. (2015). Pengaruh Equivalent Rate dan Tingkat Keuntungan Terhadap Dana Pihak Ketiga ( DPK ) Perbankan Syariah di Indonesia. 1(1), 113–132.

Sutono, dan Kefi, B. S. (2012). Pengaruh Faktor Makro Ekonomi Terhadap Penghimpunan Dana Pada Bank Umum di Indonesia. Jurnal EkonomiManajemen Akuntansi, 20 (4): 1-12.

Thomson Reuters and Dinar Standard. (2018). State of the Global Islamic Economy Report 2019/20. Dubai International Financial Centre, 112. https://haladinar.io/hdn/doc/report2018.pdf.

Yaya, R., dan Sofiyana, E. (2018). Pengaruh Sukuk Ritel Pemerintah Terhadap Penghimpunan Dana Pihak Ketiga Bank Syariah. Media Riset Akuntansi, Auditing & Informasi, 18(2), 153. https://doi.org/10.25105/mraai.v18i2.3096.