Articles
<![CDATA[Pengaruh Sektor Keuangan Bank Perkreditan Rakyat terhadap Perekonomian Regional Wilayah Sulawesi ]]>
<![CDATA[Firdaus, Muhammad]]>;
<![CDATA[Effendi, Jaenal]]>;
<![CDATA[Juanda, Bambang]]>;
<![CDATA[Supartoyo, Yesi Hendriani]]>
<![CDATA[ Jurnal Kajian Ekonomi dan Keuangan Vol 2, No 1 (2018) ]]>
Publisher : <![CDATA[Badan kebijakan Fiskal ]]>
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DOI: 10.31685/kek.v2i1.207
<![CDATA[Sektor keuangan merupakan salah satu sektor yang dapat mempengaruhi pertumbuhan ekonomi regional dan memegang peranan penting dalam memicu pertumbuhan ekonomi suatu daerah. Penelitian ini bertujuan melihat pengaruh sektor keuangan dari Badan Perkreditan Rakyat terhadap Perekonomian Regional di wilayah Sulawesi. Metode analisis yang digunakan ialah Analisis Regresi Komponen Utama. Diperoleh hasil bahwa perkembangan sektor keuangan dari Bank Perkreditan Rakyat terhadap perekonomian regional di wilayah Sulawesi yang terdiri dari variabel sektor keuangan yaitu aset BPR, jumlah kredit yang disalurkan oleh BPR, Dana Pihak Ketiga BPR dan jumlah BPR berbadan hukum masing-masing mempengaruhi peningkatan pertumbuhan ekonomi regional di wilayah Sulawesi secara positif dan signifikan. Jumlah BPR berbadan hukum memiliki pengaruh yang paling signifikan terhadap peningkatan perekonomian regional di wilayah Sulawesi. Oleh karenanya sebagai masukan saran atau rekomendasi maka Pemerintah daerah, otoritas moneter dan OJK dalam pelaksanaannya perlu bersinergi dengan kementerian, perbankan, lembaga domestik guna meningkatkan peran sektor keuangan dari BPR diantaranya berkaitan dengan pembentukan akumulasi modal fisik dan pemeratan persebaran kredit BPR yang berdampak terhadap pembangunan kewilayahan di wilayah Sulawesi.]]>
<![CDATA[Initial Identification of Mudharabah Savings Market Share Improvement Strategies in Indonesia ]]>
<![CDATA[Putri Ramadhani Saragih]]>;
<![CDATA[Jaenal Effendi]]>;
<![CDATA[Imam Teguh Saptono]]>
<![CDATA[ Indonesian Journal of Business and Entrepreneurship (IJBE) Vol. 4 No. 2 (2018): IJBE, Vol. 4 No. 2, May 2018 ]]>
Publisher : <![CDATA[School of Business, IPB University (SB-IPB) ]]>
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DOI: 10.17358/ijbe.4.2.141
<![CDATA[Sharia banking has been arising for 26 years in Indonesia. Its market share is still lower than 5%. Study about sharia banking’s market share is always an interesting observation. Mudharabah savings as one of the third party fund has a significant role to improve market share by low cost fund type. The objectives of this study are to analyze mudharabah savings elasticity, significant independent factor to it and initial market share improvement strategies. The methods used to combine vector error correction model (VECM) and business model canvas (BMC). This research concludes that conventional bank rates and sharia bank outlets have a relationship with mudharabah contract savings demand. Furthermore, mudharabah savings has a substitute relationship with conventional saving by negative cross elasticity. The results are combined with business model canvas (BMC) to describe mudharabah saving business model as a managerial action to explain initial strategies of mudharabah saving. BMC arranged by choosing conventional bank rates as value proposition focus and sharia bank outlets as key resources focus.Keywords: demand elasticity, mudharabah savings, business model canvas (BMC), sharia banking, initial strategies]]>
<![CDATA[APLIKASI MODEL BISNIS MICROBANKING SYARIAH DI INDONESIA ]]>
<![CDATA[Effendi, Jaenal]]>;
<![CDATA[Baga, Lukman Mohammad]]>;
<![CDATA[Beik, Irfan Syauqi]]>;
<![CDATA[Nursyamsiah, Tita]]>
<![CDATA[ IQTISHADIA Vol 10, No 2 (2017): IQTISHADIA ]]>
Publisher : <![CDATA[Ekonomi Syariah IAIN Kudus ]]>
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DOI: 10.21043/iqtishadia.v10i2.2241
<![CDATA[Microbanking is generally defined as a broad set of financial services to meet the needs of the poor and small enterprises. However, mirobanking that have been well-designed might not have a positive impact on the poorest unless it particularly obtains to reach them through proper business model. On the other hand, Indonesia lists as the largest Moslem community in the world. Hence, microbanking that are ruled under sharia regulation namely Islamic microbanking hopefully enable to support the development program particularly to the poor and SMEs in Indonesia. Therefore, the study of practices Islamic microbanking business model should be conducted in order to design the strategy of development, particularly on financial inclusion program. This study used qualitative analysis through a process of discussion, focus group discussion (FGD), in-depth interviews and literature review in order to gain information from primary and secondary sources as well as a comparative study of business models of Islamic microfinance in Indonesia.]]>
<![CDATA[Factors Influencing Non-Performing Financing (NPF) at Sharia Banking ]]>
<![CDATA[Nursyamsiah, Tita]]>;
<![CDATA[Thiarany, Usy]]>;
<![CDATA[Effendi, Jaenal]]>
<![CDATA[ Walisongo: Jurnal Penelitian Sosial Keagamaan Vol 25, No 1 (2017) ]]>
Publisher : <![CDATA[LP2M - Universitas Islam Negeri (UIN) Walisongo ]]>
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DOI: 10.21580/ws.25.1.1540
<![CDATA[The risk of financing is the risk caused by the failure of the customers to fulfill their obligations. Non-performing financing (NPF) is a representation of financing risk that is channeled and has a direct impact on bank profitability. The value of NPF tends to increase annually with a value that is already close to the maximum limit set by Bank Indonesia of 5 percent. This condition is able to lead to the inefficiency of the banking system and in the long run, will have an impact on the sustainability of the bank. Therefore, the analysis of NPF factors should be conducted as a preventive measure and a risks controller of business activities. This research analyzes the factors influencing NPF at sharia banking (BUS) using a quarterly data from first quarter of 2012 until third quarter 2016. The method used in this research is panel data analysis. The result of analysis shows that the factors influencing NPF negatively and significantly are ratio of revenue sharing financing (RR), Return on Assets (ROA), inflation, Capital Adequacy Ratio (CAR) and Bank size while Gross Domestic Product (GDP) and Operating Cost to Operating Income (BOPO) have a significant positive effect.Risiko pembiayaan adalah risiko yang disebabkan oleh adanya kegagalan nasabah dalam memenuhi kewajibannya. Non- Performing Financing (NPF) merupakan representasi dari risiko pembiayaan yang disalurkan dan berdampak langsung pada profitabilitas perbankan. Nilai NPF yang cenderung meningkat setiap tahunnya dengan nilai yang sudah mendekati batas maksimum yang telah ditetapkan oleh Bank Indonesia yaitu sebesar 5 persen dapat menyebabkan inefisiensi perbankan dan dalam jangka panjang akan berdampak pada kelangsungan bank. Maka dari itu, analisis faktor-faktor NPF perlu ditinjau sebagai upaya pencegahan dan untuk mengendalikan risiko dari kegiatan usaha. Penelitian ini menganalisis faktor-faktor yang memengaruhi NPF pada Bank Umum Syariah (BUS) dengan menggunakan data kuartal dari kuartal I 2012 hingga kuartal III 2016. Metode yang digunakan dalam penelitian ini adalah analisis data panel. Hasil analisis menunjukkan bahwa faktor-faktor yang memengaruhi NPF secara negatif dan signifikan adalah RR, ROA, inflasi, CAR dan Bank size sedangkan GDP dan BOPO berpengaruh positif signifikan.]]>
<![CDATA[THE ANALYSIS OF FACTORS AFFECTING THE DEVELOPMENT OF EQUITY FINANCING OF TRUSTEES BPRS AMANAH UMMAH BOGOR ]]>
<![CDATA[Pangesti, Eka Rahmawati]]>;
<![CDATA[Effendi, Jaenal]]>
<![CDATA[ EQUILIBRIUM Vol 5, No 2 (2017): EQUILIBRIUM ]]>
Publisher : <![CDATA[Prodi Ekonomi Syariah Pascasarjana IAIN Kudus ]]>
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DOI: 10.21043/equilibrium.v5i2.2811
<![CDATA[Equity financing is a type of financing that is the core business in the Islamic financial institutions and a differentiator with conventional financial institutions. But until now, the total equity financing is still relatively low compared with other types of financing BPRS channeled. BPRS Amanah Ummah is one of the institution conducts equity financing. This study aimed to analyze the influence of sharing profit, DPK, CAR, FDR, inflation, and the BI rate to equity financing at BPRS Amanah Ummah. This study uses Error Correction Model (ECM). The results showed DPK and FDR variables significantly influence the development of equity financing in the short term while variable DPK, CAR, FDR, and the BI rate significantly influence the development of equity financing in the long term however, Profit sharing rate and inflation variable does not significantly influence the development of equity financing. ]]>
<![CDATA[Program Pembiayaan Lembaga Keuangan Mikro Syariah (LKMS) dalam Peningkatan Kesejahteraan Pelaku Usaha Mikro (Studi Kasus BMT Baitul Karim Bekasi) ]]>
<![CDATA[Widya Gina]]>;
<![CDATA[Jaenal Effendi]]>
<![CDATA[ AL-MUZARA'AH Vol. 3 No. 1 (2015): AL-MUZARA'AH (June 2015) ]]>
Publisher : <![CDATA[Department of Islamic Economics, IPB University ]]>
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DOI: 10.29244/jam.3.1.34-43
<![CDATA[The role of micro business enterprises in employment is quite large, namely 99.9% of the total workforce in Indonesia. This suggests that micro businesses have a great opportunity in economic development and increased prosperity. This is not in accordance with the improvement of social welfare of the poor because of the high of the poor up to 10.96% of the total population. The limited capital on micro businesses is an obstacle that is difficult to be avoided. In this case, the financing provided by the BMT is crucial for micro enterprises in accessing capital. The purpose of this study is to analyze the effect of the financing program in increasing income and welfare of micro businesses. The method used in this research is the method of Ordinary Least Square (OLS and logistics method. Significant variables that positively affect the revenue are captured financing of respondents, the number of family members whose income, education, and ethical and moral variables. The variables that positively and significantly affect the welfare are the length of time member, meal expenses, average income, and financing that are taken by respondents.]]>
<![CDATA[Debt Financing dan Dampaknya terhadap Perkembangan Usaha Mikro di Bogor ]]>
<![CDATA[Jaenal Effendi]]>;
<![CDATA[Ditta Wardhani]]>
<![CDATA[ AL-MUZARA'AH Vol. 4 No. 2 (2016): AL-MUZARA'AH (December 2016) ]]>
Publisher : <![CDATA[Department of Islamic Economics, IPB University ]]>
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DOI: 10.29244/jam.4.2.110-126
<![CDATA[Micro and small enterprises (MSEs) have an important role in supporting the national economy. Nevertheless, MSEs still have a major problem in its development, called limited capital. The presence of BPRS which is part of sharia financial institutions is expected to provide financing assistance for MSEs. The financing provided by BPRS is not only given in the form of equity financing but also in the form of debt financing. This study analyzes the effect of debt financing on MSEs development and also the factors influenceing the income and profit of MSEs after getting debt financing. The method used in this research is paired sample t test and Ordinary Least Square (OLS). The result of paired sample t test showed that the variable of earnings and profit of MSEs have significant change after getting financing. Furthermore, the result of analysis with OLS method showed that labor variable, amount of financing, profit rate, gender dummy, and education dummy have a significant effect to earnings and profit of MSEs]]>
<![CDATA[PEMBERDAYAAN MASYARAKAT PENGUSAHA KECIL MELALUI DANA ZAKAT, INFAQ, DAN SEDEKAH (ZIS): Studi Kasus Program Masyarakat Mandiri Dompet Dhuafa terhadap Komunitas Pengrajin Tahu di Kampung Iwul, Kecamatan Parung, Kabupaten Bogor ]]>
<![CDATA[Jaenal Effendi]]>;
<![CDATA[Wirawan .]]>
<![CDATA[ AL-MUZARA'AH Vol. 1 No. 2 (2013): AL-MUZARA'AH (December 2013) ]]>
Publisher : <![CDATA[Department of Islamic Economics, IPB University ]]>
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DOI: 10.29244/jam.1.2.161-174
<![CDATA[Poverty is still one of big issues in the world particularly for developing contries. Poverty has close relation to the rural area where the people relied on agriculure activities for deriving income. Having a big Muslim population, Indonesia has great opportunity to utilize the huge potential of zakat fund particularly for empowerment program to the poor. Empowerment and capacity building program handled by Masyarakat Mandiri Dompet Dhuafa (MM-DD) to the poor people is believed to have a positive contribution to reduce poverty. The program includes providing business capital as agent of change and assistancy in order to increase the quality of human resources from the poor who generate income through producing tofu (in Kampung Iwul). Cross cultural innovation as well as regresion analysis is used to measure the program of MM-DD to their clients. The results show that based on the perception of the targeted clients regarding the indicator of material capabilties and intelectual, the empowerment program conducted by MM-DD reaches the goals of the program. While other perceptions linked to the manajemen ability from the targeted group show that the program can not reach the aims of MM-DD program yet. Several factors including their characteristics affected these perception. For the crosscultural innovation, most of respondent give positive response to the program. In addition, after adopting these programs, the avarage income of the people could increase. This increase is affected by the amount of lending, daily income from tofu business, and other income from other businesses.]]>
<![CDATA[Islamic Insurance: A Potential Niche Market of Indonesia ]]>
<![CDATA[Jaenal Effendi]]>
<![CDATA[ Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol 10, No 1: January 2018 ]]>
Publisher : <![CDATA[Faculty of Shariah and Law, UIN Syarif Hidayatullah Jakarta ]]>
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DOI: 10.15408/aiq.v10i1.5330
<![CDATA[Islamic insurance in Indonesia is potentially expected to grow along with the increase in Islamic financial market. Hence, this paper aims to develop strategy and policy recommendations for stakeholders of Islamic insurance industry in Indonesia. This article applied ANP approach by classifying it into three aspects, namely problem, solution, and strategy. Problem and solution aspects consist of four clusters including internal, customer, competition, as well as regulation. Also, strategy offered is the strategy to improve the quality of service, strategy to develop the relationship and synergy between the authorities and the Islamic Financial Institutions. DOI: 10.15408/aiq.v10i1.5330]]>
<![CDATA[The Effectiveness of Islamic Microfinance Distribution on Microbusiness Owner’s Poverty Alleviation (Case Study: BMT Bina Masyarakat Purworejo) ]]>
<![CDATA[AGENG PRASETYO]]>;
<![CDATA[JAENAL EFFENDI]]>;
<![CDATA[TITA NURSYAMSIAH]]>
<![CDATA[ Afkaruna: Indonesian Interdisciplinary Journal of Islamic Studies Vol 14, No 1 (2018): June 2018 ]]>
Publisher : <![CDATA[Fakultas Agama Islam Universitas Muhammadiyah Yogyakarta ]]>
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DOI: 10.18196/AIIJIS.2018.0078.1-26
<![CDATA[The objective of the study is to analyze the effectiveness of Islamic microfinance distri- bution and its impact on microbusiness owners’ poverty alleviation in Purworejo. This study used descriptive analysis method that is Likert scale and ordinary least square method (OLS) to analyze the influence of Islamic Microfinance Institution’s financing to microbusiness performance. The impact on the poverty alleviation is indicated by the change of microbusiness owners’ income. The results indicate that Islamic micro-financing is con- sidered to be effective in several aspects, they are proposal aspect, disbursement aspect, utilization aspect, and pay-back aspect of financing. In addition, Islamic microfinance has a positive impact on microbusiness performance and poverty alleviation.]]>
