The effect of mergers, BOPO, NPF, growth, and the BI rate on murabahah margin income in Islamic mortgage products at Bank Syariah Indonesia
Abstract
This study aims to analyze the effect of mergers, economic growth, the volume of murabaha financing, Bank Indonesia interest rates, and other variables on murabaha income on sharia pawn products at Bank Syariah Indonesia. The results of this study indicate that murabaha margin income is used as the dependent variable in this study. Dummy variables, five independent variables that have a large influence on the results, two independent variables that do not have a significant impact on the results, and one dummy variable are one of the seven independent variables used in this study. The model used is multiple linear regression with the OLS method. The findings of this study indicate that neither inflation nor fluctuations in the volume of murabaha financing have a significant effect on income from murabahah margins. Income from murabaha margins, however, is very negatively affected by non-performing financing (NPF) variables. Operating expenses as a percentage of operating income (BOPO), BI rate, growth, and aggregation dummy all have a large beneficial impact on earnings on murabahah margins.
References
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Andriani, Fitria. 2019. “Implementasi Akad Murabahah Dan Musyarakah Mutanaqishah Dalam Pembiayaan Pemilikan Rumah Pada Perbankan Syariah (Studi Kasus Pada Bank Muamalat Indonesia).” Al-Zarqa 11(1):95–127.
Apriwandi, Mohd Haizam Saudi, and Paulus Sugianto Yusuf. 2021. “Reconstruction Of Murabahah Contract Schemes in Sharia Banking.” Review of International Geographical Education Online 11(6):497–503. doi: 10.48047/rigeo.11.06.61.
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Kahia, Montassar, Tarek Moulahi, Sami Mahfoudhi, Sabri Boubaker, and Anis Omri. 2022. “A Machine Learning Process for Examining the Linkage among Disaggregated Energy Consumption, Economic Growth, and Environmental Degradation.” Resources Policy 79(November):103104. doi: 10.1016/j.resourpol.2022.103104.
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Musaroh, Musaroh, Naning Margasari, Nindya Nuriswati Laili, and Mahendra Ryansa Gallen Gagah Pratama. 2020. “The Determinants of Murabaha Margin Income in Islamic Banking Companies in Indonesia.” Diponegoro International Journal of Business 3(2):123–30. doi: 10.14710/dijb.3.2.2020.123-130.
Nissa, Izzun Khoirun. 2022. “Analisis Dampak Merger Perbankan Syariah BUMN Pada Laba Bersih Terhadap Kinerja Keuangan.” Jurnal Ilmiah Ekonomi Islam 8(1):397. doi: 10.29040/jiei.v8i1.4300.
Otoritas Jasa Keuangan. 2017. Pengertian Kredit Pemilikan Rumah. Jakarta.
Otoritas Jasa Keuangan. 2021. “Laporan Keuangan Perbankan Syariah Indonesia.” Retrieved January 25, 2022 (http://ojk.go.id).
Purbaningsih, Rr. Yopp. Palupi, and Nurul Fatimah. 2018. “The Effect of Liquidity Risk and Non Performing Financing (Npf) Ratio To Commercial Sharia Bank Profitability in Indonesia.” International Journal of Business, Economics and Law 16(1):59–63.
Rosnawintang, Tajuddin, Pasrun Adam, Yuwanda Purnamasari Pasrun, and La Ode Saidi. 2021. “Effects of Crude Oil Prices Volatility, the Internet and Inflation on Economic Growth in Asean-5 Countries: A Panel Autoregressive Distributed Lag Approach.” International Journal of Energy Economics and Policy 11(1):15–21. doi: 10.32479/ijeep.10395.
Setya, Muhammad, Pratama Sari, and Riki Afriansyah. 2021. “Pengaruh Car , Ldr , Nim , Bopo Terhadap Roa Pada Sektor Perbankan Go Public Di Bei 2016-2018.” Jurnal Inovasi 17(1):118–26.
Shara, Yuni. 2021. “Anteseden Penghimpunan Dana Pihak Ketiga Bank Syariah Di Indonesia.” Jurnal Riset Akuntansi Dan Bisnis 21(1):54–62. doi: 10.30596/jrab.v21i1.6395.
Sihotang, Mutiah Khaira, and Uswah Hasanah. 2021. “Islamic Banking Strategy in Facing the New Normal Era During the Covid 19.” Proceeding International Seminar on Islamic Studies 2(1):479–85.
Solow, Robert M. 1956. “A Contribution to the Theory of Economic Growth Author ( s ): Robert M . Solow Source : The Quarterly Journal of Economics , Vol . 70 , No . 1 ( Feb ., 1956 ), Pp . 65-94 Published by : The MIT Press Stable URL : Http://Www.Jstor.Org/Stable/1884513.” The Quarterly Journal of Economics 70(1):65–94.
Sultoni, Hasan, and Kiki Mardiana. 2021. “Pengaruh Merger Tiga Bank Syariah BUMN Terhadap Perkembangan Ekonomi Syariah.” Jurnal Eksyar : Jurnal Ekonomi Syariah 08(01):17–40.
Suryadi, Nanda, Riri Mayliza, and Ismail Ritonga. 2020. “Pengaruh Inflasi, Biaya Operasional Terhadap Pendapatan Operasional (Bopo), Dan Pangsa Pasar Terhadap Profitabilitas Bank Umum Syariah Di Indonesia Priode 2012-2018.” Jurnal Tabarru’: Islamic Banking and Finance 3(1):1–10. doi: 10.25299/jtb.2020.vol3(1).4724.
Suyyinah, S., and Akhsyim Affandi. 2018. “The Analysis of Relationship between Return Rate on Deposit of Islamic Bank and Conventional Bank in Indonesia.” Jurnal Ekonomi & Keuangan Islam 4(1):22–30. doi: 10.20885/jeki.vol4.iss1.art3.
Uchino, Taisuke, and Iichiro Uesugi. 2022. “The Effects of a Megabank Merger on Firm-Bank Relationships and Loan Availability☆.” Journal of the Japanese and International Economies 63(December 2021):101189. doi: 10.1016/j.jjie.2021.101189.
Ulfa, Alif. 2021. “Dampak Penggabungan Tiga Bank Syariah Di Indonesia.” Jurnal Ilmiah Ekonomi Islam 7(2):1101–6. doi: 10.29040/jiei.v7i2.2680.
Wahyuni, Mirasanti. 2016. “Pengaruh Volume Pembiayaan Bagi Hasil Dan Pembiayaan Murabahah Terhadap Kinerja Keuangan Bank Umum Syariah Dengan NPF Sebagai Variabel Moderasi.” Jurnal EBBANK 7(1):1–10.
Yamin, Bun. 2022. “The Effect of Return on Asset (ROA), Operational Efficiency Ratio (BOPO), Inflation, Credit Interest Rate and Gross Domestic Product (GDP) towards Murabahah Financing in Sharia Banking in Indonesia (2016-2019).” Asian Journal of Economics, Business and Accounting 22(19):94–103. doi: 10.9734/ajeba/2022/v22i1930661.
Allen, Franklin, and Anthony M. Santomero. 2001. “What Do Financial Intermediaries Do?” Journal of Banking and Finance 25(2):271–94. doi: 10.1016/S0378-4266(99)00129-6.
Amin, Hanudin, Abdul Rahim Abdul Rahman, Dzuljastri Abdul Razak, and Hamid Rizal. 2017. “Consumer Attitude and Preference in the Islamic Mortgage Sector: A Study of Malaysian Consumers.” Management Research Review 40(1):95–115. doi: 10.1108/MRR-07-2015-0159.
Andriani, Fitria. 2019. “Implementasi Akad Murabahah Dan Musyarakah Mutanaqishah Dalam Pembiayaan Pemilikan Rumah Pada Perbankan Syariah (Studi Kasus Pada Bank Muamalat Indonesia).” Al-Zarqa 11(1):95–127.
Apriwandi, Mohd Haizam Saudi, and Paulus Sugianto Yusuf. 2021. “Reconstruction Of Murabahah Contract Schemes in Sharia Banking.” Review of International Geographical Education Online 11(6):497–503. doi: 10.48047/rigeo.11.06.61.
Badan Pusat Statistik. 2020. “Jumlah Penduduk Indonesia 2020.” Retrieved January 20, 2022 (http://bps.go.id).
Badan Pusat Statistik. 2021. “Persentase Kepemilikan Rumah Di Indonesia 2017-2021.” Retrieved January 20, 2021 (http://bps.go.id).
Bank Indonesia. 2012. “Pengertian KPR Syariah.” Retrieved February 2, 2022 (http://bi.go.id).
Bank Syariah Indonesia. 2021. “Produk Unggulan Bank Syariah Indonesia 2021.” Retrieved January 25, 2022 (http://bankbsi.co.id).
Eldowma, Ibrahim Ahmed, Guoxing Zhang, and Bin Su. 2023. “The Nexus between Electricity Consumption, Carbon Dioxide Emissions, and Economic Growth in Sudan (1971–2019).” Energy Policy 176(March):113510. doi: 10.1016/j.enpol.2023.113510.
Ghozali, Mohammad, Norazzah Binti Kamri, and M. Ali Zi Khafid. 2022. “The Merger of Indonesian Islamic Banks: Impact on the Islamic Economy Development.” Al-Iktisab: Journal of Islamic Economic Law 6(1):23. doi: 10.21111/al-iktisab.v6i1.7551.
Guo, Wen-Chung, and Chih-Ching Yang. 2013. “Are Bank Mergers Procyclical or Countercyclical? Theory and Evidence from Taiwan.” Applied Financial Economics 23(1):1–14. doi: 10.1080/09603107.2012.699183.
Kahia, Montassar, Tarek Moulahi, Sami Mahfoudhi, Sabri Boubaker, and Anis Omri. 2022. “A Machine Learning Process for Examining the Linkage among Disaggregated Energy Consumption, Economic Growth, and Environmental Degradation.” Resources Policy 79(November):103104. doi: 10.1016/j.resourpol.2022.103104.
Karim, Adiwarman. 2004. Bank Islam: Analisa Fiqih Dan Keuangan. Jakarta: PT. RajaGrafindo Persada.
Khmara, Yaryna, and Jakub Kronenberg. 2023. “On the Road to Urban Degrowth Economics ? Learning from the Experience of C40 Cities , Doughnut Cities , Transition Towns , and Shrinking Cities.” Cities 136(March):104259. doi: 10.1016/j.cities.2023.104259.
Khotijah, Siti Afidatul. 2020. “Analysis of the Effect of Murabaha Finance in Sharia Banks on the Economic Growth of Agricultural Sector.” Amwaluna: Jurnal Ekonomi Dan Keuangan Syariah 4(2):246–59. doi: 10.29313/amwaluna.v4i2.5432.
Kurniasari, Rani. 2017. “Analisis Biaya Operasional Dan Pendapatan Operasional (BOPO) Terhadap Return on Assets (ROA) Pada Pt Bank Tabungan Negara (Persero) Tbk.” Prespektif 15(1):8.
Mankiw, N. G. 2016. Study Guide for Mankiw’s Brief Principles of Macroeconomics. Amerika Serikat: Cengage Learning.
Mason, Andrew. 1996. “Population and Housing.” Population Research and Policy Review 15(5–6):419–35. doi: 10.4054/demres.2006.15.13.
Melina, Ficha. 2020. “Pembiayaan Murabahah Di Baitul Maal Wat Tamwil (Bmt).” Jurnal Tabarru’: Islamic Banking and Finance 3(2):269–80. doi: 10.25299/jtb.2020.vol3(2).5878.
Micu, Alexandra. 2016. “Mergers and Acquisitions in the Banking Sector during the Financial Crisis.” Academy of Economic Studies Bucharest IV(2):Practical Application of Science.
Musaroh, Musaroh, Naning Margasari, Nindya Nuriswati Laili, and Mahendra Ryansa Gallen Gagah Pratama. 2020. “The Determinants of Murabaha Margin Income in Islamic Banking Companies in Indonesia.” Diponegoro International Journal of Business 3(2):123–30. doi: 10.14710/dijb.3.2.2020.123-130.
Nissa, Izzun Khoirun. 2022. “Analisis Dampak Merger Perbankan Syariah BUMN Pada Laba Bersih Terhadap Kinerja Keuangan.” Jurnal Ilmiah Ekonomi Islam 8(1):397. doi: 10.29040/jiei.v8i1.4300.
Otoritas Jasa Keuangan. 2017. Pengertian Kredit Pemilikan Rumah. Jakarta.
Otoritas Jasa Keuangan. 2021. “Laporan Keuangan Perbankan Syariah Indonesia.” Retrieved January 25, 2022 (http://ojk.go.id).
Purbaningsih, Rr. Yopp. Palupi, and Nurul Fatimah. 2018. “The Effect of Liquidity Risk and Non Performing Financing (Npf) Ratio To Commercial Sharia Bank Profitability in Indonesia.” International Journal of Business, Economics and Law 16(1):59–63.
Rosnawintang, Tajuddin, Pasrun Adam, Yuwanda Purnamasari Pasrun, and La Ode Saidi. 2021. “Effects of Crude Oil Prices Volatility, the Internet and Inflation on Economic Growth in Asean-5 Countries: A Panel Autoregressive Distributed Lag Approach.” International Journal of Energy Economics and Policy 11(1):15–21. doi: 10.32479/ijeep.10395.
Setya, Muhammad, Pratama Sari, and Riki Afriansyah. 2021. “Pengaruh Car , Ldr , Nim , Bopo Terhadap Roa Pada Sektor Perbankan Go Public Di Bei 2016-2018.” Jurnal Inovasi 17(1):118–26.
Shara, Yuni. 2021. “Anteseden Penghimpunan Dana Pihak Ketiga Bank Syariah Di Indonesia.” Jurnal Riset Akuntansi Dan Bisnis 21(1):54–62. doi: 10.30596/jrab.v21i1.6395.
Sihotang, Mutiah Khaira, and Uswah Hasanah. 2021. “Islamic Banking Strategy in Facing the New Normal Era During the Covid 19.” Proceeding International Seminar on Islamic Studies 2(1):479–85.
Solow, Robert M. 1956. “A Contribution to the Theory of Economic Growth Author ( s ): Robert M . Solow Source : The Quarterly Journal of Economics , Vol . 70 , No . 1 ( Feb ., 1956 ), Pp . 65-94 Published by : The MIT Press Stable URL : Http://Www.Jstor.Org/Stable/1884513.” The Quarterly Journal of Economics 70(1):65–94.
Sultoni, Hasan, and Kiki Mardiana. 2021. “Pengaruh Merger Tiga Bank Syariah BUMN Terhadap Perkembangan Ekonomi Syariah.” Jurnal Eksyar : Jurnal Ekonomi Syariah 08(01):17–40.
Suryadi, Nanda, Riri Mayliza, and Ismail Ritonga. 2020. “Pengaruh Inflasi, Biaya Operasional Terhadap Pendapatan Operasional (Bopo), Dan Pangsa Pasar Terhadap Profitabilitas Bank Umum Syariah Di Indonesia Priode 2012-2018.” Jurnal Tabarru’: Islamic Banking and Finance 3(1):1–10. doi: 10.25299/jtb.2020.vol3(1).4724.
Suyyinah, S., and Akhsyim Affandi. 2018. “The Analysis of Relationship between Return Rate on Deposit of Islamic Bank and Conventional Bank in Indonesia.” Jurnal Ekonomi & Keuangan Islam 4(1):22–30. doi: 10.20885/jeki.vol4.iss1.art3.
Uchino, Taisuke, and Iichiro Uesugi. 2022. “The Effects of a Megabank Merger on Firm-Bank Relationships and Loan Availability☆.” Journal of the Japanese and International Economies 63(December 2021):101189. doi: 10.1016/j.jjie.2021.101189.
Ulfa, Alif. 2021. “Dampak Penggabungan Tiga Bank Syariah Di Indonesia.” Jurnal Ilmiah Ekonomi Islam 7(2):1101–6. doi: 10.29040/jiei.v7i2.2680.
Wahyuni, Mirasanti. 2016. “Pengaruh Volume Pembiayaan Bagi Hasil Dan Pembiayaan Murabahah Terhadap Kinerja Keuangan Bank Umum Syariah Dengan NPF Sebagai Variabel Moderasi.” Jurnal EBBANK 7(1):1–10.
Yamin, Bun. 2022. “The Effect of Return on Asset (ROA), Operational Efficiency Ratio (BOPO), Inflation, Credit Interest Rate and Gross Domestic Product (GDP) towards Murabahah Financing in Sharia Banking in Indonesia (2016-2019).” Asian Journal of Economics, Business and Accounting 22(19):94–103. doi: 10.9734/ajeba/2022/v22i1930661.
Published
2023-07-09
How to Cite
LUBIS, Deni; PRANAYUTANTRI, Olga Aulia; MUTHOHHAROH, Marhamah.
The effect of mergers, BOPO, NPF, growth, and the BI rate on murabahah margin income in Islamic mortgage products at Bank Syariah Indonesia.
International Journal of Islamic Economics, [S.l.], v. 5, n. 01, p. 15-29, july 2023.
ISSN 2686-2166.
Available at: <https://e-journal.ejournal.metrouniv.ac.id/IJIE/article/view/6750>. Date accessed: 04 july 2024.
doi: https://doi.org/10.32332/ijie.v5i01.6750.
Section
Articles
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