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Contribution of Islamic Commercial Bank Financing to East Java Economic Growth in the Era of Branchless Banking Afandi, Muhammad Anif
Journal of Economics Research and Social Sciences Vol 5, No 1 (2021)
Publisher : Program Studi Ekonomi FEB UMY

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jerss.v5i1.10926

This study aims to determine and analyze the contribution of Islamic Commercial Bankâ€™s (BUS) financing to the economic growth of East Java Province in the era of branchless banking. Three types of financing channeled by the BUS namely working capital financing, investment and consumption are used as the independent variables tested each effect on the dependent variable which is economic growth in East Java with a proxy of GDRP in the period of the quarter-I 2010 to quarter-I 2020. Ordinary Least Square (OLS) with dummy variable of branchless banking (0 = before the implementation of the branchless banking program (before November 2014) and 1 = after the implementation of the branchless banking program (after November 2014) is used as data analysis technique with the results of the study show that only consumer financing that have a positive and significant impact on economic growth of East Java. Whereas, the productive financing known to have positive impact but not significant toward the economic growth of East Java. Meanwhile, the branchless banking program known to give the positive and significant difference impact on economic growth in East Java compared to economic growth prior to the enactment of it. The results of this study beneficial for both the BUS and the regulator as an evaluation of the level of inclusiveness of the BUSâ€™s financing to economic growth and the implementation of branchless banking in Islamic bank.

Switching Intentions Among Millennial Banking Customers to Fintech Lending Afandi, Muhammad Anif
International Journal of Islamic Economics and Finance (IJIEF) Vol 3, No 2 (2020): IJIEF Vol 3 (2), July 2020
Publisher : Universitas Muhammadiyah Yogyakarta

The purpose of this study is to analyze of switching intentions among millennial banking customers to the financing services of FinTech lending in Indonesia using the PPM framework. 245 primary data were collected by Likert 5 scale category which was subsequently conducted data analysis using the OLS method. The results showed that in the perspective of push effects, all factors have no significant effect on switching intentions or in other words the millennial banking customers have considered that credit/financing services in banking is quite good that it does not encourage them to switch. In the perspective of pull effects, ease of use and pricing benefit factors of FinTech lending have significant effect on switching intentions so that it attracts them to switch. Meanwhile, in the perspective of mooring effects, the factors of service products and reputation significantly affect switching intentions so as to impede them to switch. In addition, Islamic banking customers are known to have higher potential to switch to the financing services of FinTech lending. The results of this study provide useful information for the banking industry, FinTech lending and regulators to be able to develop strategies and effective policies amid the potential of customer switching

DETERMINAN INFLASI DARI SISI SUPPLY (COST-PUSH INFLATION) DI INDONESIA Afandi, Muhammad Anif
Jurnal Ekonomi & Studi Pembangunan JESP Volume 16 Nomor 2, Oktober 2015
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar

Abstract: This research aims to analyze the determinants of inflation from supply side (cost-push inflation) in Indonesia. The dependent variable used is the CPI inflation while, the independent variable in the form of fuel prices, the exchange rate of Rupiah, nominal wages, and the BI Rate. The data used in this research is a monthly for the period 2008:1-2014:12 the SDDS derived from BI and Statistics of Ministry of Energy and Mineral Resources. The estimation tool used in this research is the Vector Error Correction Model (VECM) using the help of EViews 7.0.0.1. Estimation results show that in the short term the variable CPI inflation itself, fuel prices, the exchange rate of the Rupiah, and the nominal wage effect significantly to CPI inflation in Indonesia. While, the BI Rate, variable have no effect significantly to CPI inflation. In the long term, the results of the estimation shows that the variable fuel prices, the exchange rate of the Rupiah, and the BI Rate effect significantly to CPI inflation. While the nominal wage, the variable have no effect significantly to CPI inflation in the long run. VECM estimation results in this research also generates important analysis, namely the IRF (Impulse Response Function) and VDC (Variance Decomposition).Â Abstrak: Studi ini bertujuan untuk menganalisis determinan inflasi dari sisi supply (cost-push inflation) di Indonesia. Variabel dependen yang digunakan adalah inflasi IHK sedangkan, variabel independen berupa harga BBM, nilai tukar Rupiah, upah nominal, dan BI Rate. Data yang digunakan dalam studi ini adalah bulanan selama periode 2008:1-2014:12 yang bersumber dari SDDS BI dan Statisik Harga BBM Kementrian ESDM. Alat estimasi yang digunakan dalam studi ini adalah Vector Error Correction Model (VECM) menggunakan bantuan EViews 7.0.0.1. Hasil estimasi menunjukkan bahwa dalam jangka pendek variabel inflasi IHK itu sendiri, harga BBM, nilai tukar Rupiah, dan upah nominal berpengaruh signifikan terhadap inflasi IHK di Indonesia. Sedangkan, variabel BI Rate tidak berpengaruh signifikan terhadap inflasi IHK. Dalam jangka panjang, hasil estimasi menunjukkan bahwa variabel harga BBM, nilai tukar Rupiah, dan BI Rate berpengatuh signifikan terhadap inflasi IHK. Sedangkan, variabel upah nominal tidak berpengaruh signifikan terhadap inflasi IHK dalam jangka panjang. Hasil estimasi VECM dalam studi ini juga menghasilkan analisis penting, yaitu IRF (Impulse Response Function) dan VDC (Variance Decomposition).

Contribution of Islamic Commercial Bank Financing to East Java Economic Growth in the Era of Branchless Banking Afandi, Muhammad Anif
Journal of Economics Research and Social Sciences Vol 5, No 1: February 2021
Publisher : Universitas Muhammadiyah Yogyakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.18196/jerss.v5i1.10926

This study aims to determine and analyze the contribution of Islamic Commercial Bank’s (BUS) financing to the economic growth of East Java Province in the era of branchless banking. Three types of financing channeled by the BUS namely working capital financing, investment and consumption are used as the independent variables tested each effect on the dependent variable which is economic growth in East Java with a proxy of GDRP in the period of the quarter-I 2010 to quarter-I 2020. Ordinary Least Square (OLS) with dummy variable of branchless banking (0 = before the implementation of the branchless banking program (before November 2014) and 1 = after the implementation of the branchless banking program (after November 2014) is used as data analysis technique with the results of the study show that only consumer financing that have a positive and significant impact on economic growth of East Java. Whereas, the productive financing known to have positive impact but not significant toward the economic growth of East Java. Meanwhile, the branchless banking program known to give the positive and significant difference impact on economic growth in East Java compared to economic growth prior to the enactment of it. The results of this study beneficial for both the BUS and the regulator as an evaluation of the level of inclusiveness of the BUS’s financing to economic growth and the implementation of branchless banking in Islamic bank.

PENINGKATAN KREATIVITAS YANG BERNILAI EKONOMI BAGI MASYARAKAT TEJO AGUNG MELALUI PELATIHAN PEMBUATAN DOMPET RAJUT Afandi, Muhammad Anif; Ali, Karnila; Imantoro, Jati
Batoboh: Jurnal Pengabdian Pada Masyarakat Vol 7, No 1 (2022): BATOBOH : JURNAL PENGABDIAN PADA MASYARAKAT
Publisher : Institut Seni Indonesia Padang Panjang

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.26887/bt.v7i1.2466

Progam pengabdian kepada masyarakat ini bertujuan untuk meningkatkan kreativitas atau keterampilan yang bernilai ekonomi bagi masyarakat khususnya para ibu rumah tangga di wilayah RT. 06, Tejo Agung, Metro Timur, Kota Metro melalui pelatihan pembuatan dompet rajut. Metode pelatihan yang digunakan yaitu berupa demonstrasi pembuatan dompet rajut dan dilanjutkan dengan praktik langsung yang melibatkan mahasiswa Program Studi D3 Perbankan dan Keuangan, Fakutas Ekonomi dan Bisnis, Universitas Muhammadiyah Metro dalam proses pelatihan. Hasil yang dicapai dari kegiatan ini adalah meningkatnya keterampilan para ibu untuk dapat membuat dompet rajut yang bernilai ekonomi sehingga dapat menjadi potensi wirausaha.Kata Kunci: Pelatihan; Dompet Rajut; Masyarakat; Tejo Agung.

Islamic Bank Financing and Its Effects on Economic Growth: A Cross Province Analysis Muhammad Anif Afandi; Muhammad Amin
Signifikan: Jurnal Ilmu Ekonomi Vol 8, No 2 (2019)
Publisher : Faculty of Economic and Business Syarif Hidayatullah State Islamic University of Jakarta

Islamic banking industry shows a reasonably good development, one of which is marked by an increase in service coverage in almost all provinces in Indonesia. However, the question is how far Islamic banking capable of contributing to the improvement of Indonesia's economic growth? The purpose of this research is to examine the role of Islamic banking in promoting inclusive economic growth with a sample of 33 provinces in Indonesia. The method used in this research is panel data regression using the fixed effects model. The results show that Islamic bank financing does not have an impact on Indonesia's economic growth. In other words, the results of the research provide information that the existence of Islamic banking in Indonesia has not yet give a significant impact on the welfare of Indonesian society

Mengukur Potensi Perpindahan Nasabah Perbankan Kategori Milenial pada Layanan Pembiayaan Fintech Lending Muhammad Anif Afandi
Jurnal Ikatan Sarjana Ekonomi Indonesia Vol 9 No 1 (2020): April
Publisher : Jurnal Ekonomi Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52813/jei.v9i1.27

The purpose of this study is to measure the potential of millennial banking customers to switch to the financing services of FinTech lending and its influencing factors in the area of DKI Jakarta. Multinomial Logistic Regression (MLR) method is applied as the dependent variable has more than two categories. The results showed that the likelihood for banking customers were reluctant, likely and willing to switch to the financing services of FinTech lending amounts to 7.73 percent, 97.19 percent and 2.81 percent, respectively. The most affecting factors of banking customers to switch to the FinTech lending are pricing problem and ease of use. Meanwhile, inertia serves as an inhibitory factor of customer switching. The results of this study provide useful information for the managerial level in the banking industries, FinTech lending as well as the regulators for determining the appropriate strategies and policies to cope with customer switching. Keywords: customer switching; banking; FinTech lending; MLR; DKI Jakarta -------------------------------------------------- Penelitian ini bertujuan untuk mengukur potensi perpindahan nasabah perbankan kategori milenial pada layanan pembiayaan FinTech lending di DKI Jakarta dan faktor-faktor yang memengaruhinya. Multinomial Logistic Regression (MLR) digunakan sebagai teknik analisis data karena variabel terikat terdiri dari lebih dari dua kategori. Hasil penelitian menunjukkan bahwa peluang nasabah perbankan yang tidak bersedia, mungkin pindah dan bersedia untuk pindah pada layanan pembiayaan FinTech lending masing-masing sebesar 7,73 persen, 97,19, persen dan 2,81 persen. Faktor yang paling memengaruhi terjadinya perpindahan nasabah tersebut adalah pricing problem dan ease of use. Selain itu, inertia menjadi faktor penghambat terjadinya perpindahan nasabah. Hasil penelitian ini memberikan informasi yang bermanfaat bagi pihak manajerial, baik pada industri perbankan, FinTech lending, maupun regulator untuk dapat menentukan strategi dan kebijakan yang tepat di tengah potensi terjadinya perpindahan nasabah.

DETERMINAN KONSUMSI PADA NEGARA MAYORITAS BERPENDUDUK MUSLIM DAN NON-MUSLIM: STUDI KASUS INDONESIA DAN SINGAPURA Muhammad Anif Afandi; Muhammad Amin
Journal of Economics and Business Aseanomics (JEBA) Vol 3, No 1 (2018): Januari - Juni 2018
Publisher : Universitas YARSI

Consumption is an activity carried out to fulfill the needs of human life. In the principles of conventional economics, the main purpose of consumption activity is to achievemaximum satisfaction. However, the main purpose of consumption activities according to Islamic economics principles is to achieve maslahah. The purpose of this study isto know the factors that affect consumption in a country with majority of moslim and non-moslim populations with sample Indonesia and Singapore. To find out the factors that affectconsumption in those countries, then use secondary data with type of time series in the period 1987 - 2017 which are obtained from the publication of the World Bank. Thedependent variable used is the amount of consumption included goods and services in Indonesia and Singapore, while the independent variables used are macroeconomicvariables consisted by the level of nominal income in Indonesia and Singapore, real interest rate, and average exchange rate of the Rupiah and Dollar Singapore per US Dollar. The method used in this study is Vector Error Correction Model (VECM) with three main outputs namely Granger Causality, Impulse Response Function (IRF), and Variance Decomposition (VDC). The results show that there are three one-way causality relationships in thevariables used for Indonesia and Singapore. In addition, the estimation results of VECM show that the independent variables used have an influence on consumption both in Indonesia and in Singapore. The results of this analysis are also strengthened by the results of consumption responses to shock other variables and the contribution of each independent variables to consumption formation in Indonesia and Singapore.

The Forecasting of Financial Inclusion in East Java Through Islamic Microfinance Institution: an Autoregressive Integrated Moving Average Approach Muhammad Anif Afandi; Indanazulfa Qurrota A'yun
JDE (Journal of Developing Economies) Vol. 3 No. 2 (2018)
Publisher : Universitas Airlangga

Financial inclusion is an effort intended to eliminate price and non-price barriers toward public access to formal financial institutions. The aim of that is income equalization of the societies affecting increasing economic growth, poverty alleviation, and financial system stability. East Java is one of the provinces in Indonesia with the most number of Islamic Rural Banks (BPRS). This study wants to find out how the role of BPRS in realizing the acceleration of Islamic financial inclusion in East Java. Then, this research is conducted in the period January 2014 – May 2018 in which data sourced from the Islamic Banking Statistics (SPS), Financial Services Authority (FSA). An Autoregressive Integrated Moving Average (ARIMA) is applied as research method to predict the level of Islamic financial inclusion in East Java through BPRS by using three from four financial inclusion indicators released by Bank Indonesia in 2014 namely access with number of BPRS as its proxy, usage with amount of third party funds and amount of financing as its proxies, and quality with total assets and Non-Performing Financing (NPF) as its proxies. The results show that based on forecasting values until December 2020, the number of BPRS predicted will decrease with the last number as many as 27 banks, DPK will increase with the last number 1,680,558.79 million Rupiah, the amount of financing will increase with the last number as many as 1,822,810.80 million Rupiah, asset will increase with the last number 2,299,250.44 million Rupiah, and NPF will increase with the last number 12.48 percent. Keywords: Financial Inclusion, Islamic Rural Banks, ARIMA, East Java JEL Classification: N25, G21

THE IMPACT OF SYNERGY BETWEEN ICB AND ISLAMIC FINTECH LENDING ON THE ICB’S FINANCIAL PERFORMANCES Muhammad Anif Afandi; Slamet Tedy Siswoyo
FIDUSIA : JURNAL KEUANGAN DAN PERBANKAN Vol 4, No 1 (2021): APRIL
Publisher : UNIVERSITAS MUHAMMADIYAH METRO

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24127/jf.v4i1.584

The synergy between Islamic financial institutions is one key in the development of Islamic economics as stated in the Masterplan for Islamic Economics of Indonesia 2019 - 2024. In 2018, three Islamic Commercial Banks (ICB), namely Bank Mega Syariah (BMS), Bank BNI Syariah (BNIS) and Bank Syariah Mandiri (BSM) conducting synergy with Islamic FinTech lending in the form of shadow investors. Through this study carried out analysis of the impact of synergy between ICB and Islamic FinTech lending on the ICB’s financial performances as one reflection of the success of the synergy and economic indicators that reflect the responsibility of the ICB to the regulator. Wilcoxon signed-ranks test is used as a data analysis technique with the results of study showing that sequentially the synergy most profitable for the BSM because of the positive impact on financial performances, especially in the aspect of capital, profitability, efficiency and asset quality. While, for BNIS known synergy has a positive impact on financial performances, especially in the aspect of capital, liquidity and efficiency. Meanwhile, for BMS is known that the synergy only has a positive impact on financial performances, especially in the aspect of asset quality. The results of this study are beneficial for the ICB, Islamic FinTech lending as well as the regulator as material to the evaluation or formulation of policy regarding synergy between ICB and Islamic FinTech lending in Indonesia.

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