International Journal of Scientific & Technology Research

IJSTR@Facebook IJSTR@Twitter IJSTR@Linkedin
Home About Us Scope Editorial Board Blog/Latest News Contact Us

IJSTR >> Volume 6 - Issue 11, November 2017 Edition

International Journal of Scientific & Technology Research  
International Journal of Scientific & Technology Research

Website: http://www.ijstr.org

ISSN 2277-8616

Sensitivity Analysis Of Financing Demand In Syariah Banking

[Full Text]






Sensitivity, Financing, Profit Sharing, Gross Domestic Product and Interest Rate



This study aims to analyze the Sensitivity of Demand Financing in syariah banking, with a focus on the elasticity of financing demand, income elasticity, and cross elasticity. The type of data used in this study is secondary data quantitative and time series obtained from the publication of BPS, BI and OJK. The data analysis technique begins by estimating multiple linear regression equations using the Eviews Application, further measuring the sensitivity using elasticity. The research variables consist of revenue, gross domestic product, and conventional bank interest rate as independent variables and demand for financing as a dependent variable. The results obtained for the results, gross domestic product, and interest rate of conventional banks simultaneously affect the demand for financing in Islamic banking with a significant level of 5% obtained probability value F statistic <α (0,05). Partially revenue share and gross domestic product have a significant effect on demand for financing. While the variable interest rate of conventional banks partially does not have a significant effect on demand for financing in Islamic banking. The ability of the three independent variables to explain the dependent variable of 99.06%, the rest of 0.04% influenced by other factors outside this study. The sensitive value of demand for financing in syariah banking during the observation period was 3.94 (ƐP> 1) so that it can be said that demand for financing in syariah banking is elastic. The elasticity of income demand for financing in syariah banking, during the observation period of 3.08 (ƐI> 1), is categorized as luxuries goods. The cross elasticity value of financing demand in syariah banking during the observation period is 0.52 or positive (ƐC> 0), it can be categorized that the interest rate of a conventional bank is a substitute of profit sharing.



[1] A.McEachern, William. 2000. Macroeconomics: a Contemporary Approach. A. Salemba Four, Jakarta.

[2] Abu Dawud, Sunan Abu Dawud. 2009. Dar Al-Risalah, Volume 5. Riyadh.

[3] Antonio, Muhammad Shafi'i. 2001. Bank syariah from theory to practice. Gema Insani Press, Jakarta
Arifin, Imamul and Hadi, Gina. 2009. Opening the Economic Horizon. Grafindo, Bandung.

[4] Ascarya. 2008. Akad & Produk Bank Syariah. PT. Grafindo Persada, Jakarta.

[5] Burhan, Aslichan. 2007. Basic Operational Concept of BMT, Model LKMS Mandiri and Mengakar in Society. National Seminar Paper BEMJ Muamalat Faculty of Syariah UIN June 5, 2007, Jakarta.

[6] Dendawijaya, Lukman. 2000. Banking Management. Galia Indonesia, Jakarta.

[7] Ghozali, Imam. 2005. Econometrics. Agency Publisher UNDIP, Semarang.

[8] Gujarati, Damondar. 2006. Basic Econometrics. Erlangga, Jakarta.

[9] Hasan. Iqbal, M. 2010. Analysis of Research Data With Statistics. Bumi Aksara, Jakarta.

[10] Hasan. 2006. The Influence of Quality of Syariah Banking Services To Customer Satisfaction At Bank Muamalat Indonesia Branch Semarang. Journal of Economics and Business. Vol. 1 No. 1.

[11] Wahid Hasyim. 2006. Semarang
Hasibuan, Malayu. 2001. Fundamentals of Banking. Bumi Aksara, Jakarta.

[12] Huda, Nurul DKK. 2009. Macro Economy Theoretical Approach. Kencana, Jakarta.

[13] Joesron, S. Tati. 2003. Theory of Micro Economics. Salemba Four, Jakarta.

[14] Karim Adiwarman. 2004. Islamic Bank Fiqh & Financial Analysis. PT. Raja Grafindo Persada, Jakarta.

[15] Karl, Case and Fair, Ray. 2002. Principles of Micro Economy. Fifth Edition. Prehallindo, Jakarta.

[16] Cashmere. 2008. Banking Basics. Raja Grafindo Persada, Jakarta.

[17] M. Nadratauzzaman, Hosen. 2009. Factors Affecting Demand for Murabaha Financing of Bank Syariah in Indonesia from January 2014 to December 2008. Journal of Economics.

[18] Machmud, Amir and Rukmana. 2010. Bank Syariah, Empirical Policy and Study Theory In Indonesia. Erlangga, Jakarta.

[19] Manurung Mandala and Prathama Rahardja. 2004. Money, Banking, and Monetary Economics (Indonesian Constitutional Review). Faculty of Economics, University of Indonesia, Jakarta.

[20] Mankiw, Gregory N. 2007. Macroeconomics. Sixth Edition. Erlangga, Jakarta.

[21] Marshall, Robert and Miranda. 2003. Popular Dictionary of Money and Bank. Library field and Intimedia, Jakarta.

[22] Muhammad. 2005. Syariah Bank Management. UPP AMP YKPN, Yogyakarta.

[23] Pure, Asfia and Lia Amaliawati. 2012. Macro Economics. Refika Aditama, Bandung.

[24] Nawawi, Hadari. 1994. Applied Research. Gajah Mada Press, Yogyakarta.

[25] Nazir, Habib and Muhammad Hasanuddin. 2004. Encyclopedia of Economics and Islamic Banking Cet. To 1. Sky Feet, Bandung.

[26] Nopirin. 2013. Monetary Economics. BPFE, Yogyakarta.

[27] Regulation of RI Law no. 10 of 1998 dated November 10, 1998 on Banking and Intimedia.

[28] Putong, Iskandar. 2003. Introduction to Micro and Macro Economics. Ghalia Indonesia, Jakarta

[29] Praja, S Juhaya. 2013. Syariah Banking Management. Faithful Library. Bandung.

[30] Pratin and Akhyar Adnan. 2005. Analysis of Savings Relation, Own Capital, NPL, Percentage of Profit Sharing and Markup Benefits to Financing of Islamic Banking Case Study at Bank Muamalat Indonesia (BMI). Journal. Balai DIKLAT Finance III Yogyakarta and Faculty of Economics of Islamic University of Indonesia.

[31] Rahman, Supandi, Rio manoarfa and Mahdalena. 2014.
Influence of Inflation Rate and Interest Rate of Conventional Bank on Murabahah Financing Demand at Syariah Bank in Indonesia. Journal. Faculty of Economics and Business, State University of Gorontalo. Raharja Prathama and Mandala Manurung. 2000. An Introduction to Micro Economics, LPFE UI.

[32] Ridwan, Muhammad. 2004. Management of Baitul Maal Wat Tamwil (BMT), UII Press, Yogyakarta.

[33] Rivai, Veithzal et al. 2007. Bank and Financial Institution Management Conventional and Syariah System. 1 st Edition. PT Raja Grafindo Persada. Jakarta.

[34] Rofiq, Ahmad. 2004. Contextual Fiqh from Normative to Social Meaning, Yogyakarta.

[35] Rose, Peter S. and James W. Kolari. 1995. Financial Institution: Understanding and Managing Financial Services. Richard D.Irwin, Inc., USA.

[36] Roswita, AB. 2000. Monetary Economics Theory, Problems and Policy, Sriwijaya University, Palembang

[37] Samuelson, Paul A and William D. Nordhaus. 1992. "Economics", 15th Edition, McGraw Hill.

[38] Siamat, Dahlan. 1993. Management of Commercial Banks. Intermedia, Jakarta.

[39] Sudaryono. 2014. Theory and Applications in Statistics. Andi, Yogyakarta.

[40] Sugiarto, et al. 2002. Microeconomics A Comprehensive Study. Fifth Edition. Gramedia Pustaka Utama, Jakarta.

[41] Sukirno, Sadono. 2012. Micro Economic Theory Introduction. Raja Grafindo Persada, Jakarta.

[42] Supranto, 2001. Measuring the Level of Customer Satisfaction To Increase Market Share. Rineka Cipta, Jakarta.

[43] Triandaru, Sigit and Totok Budisantoso. 2009. Banks and Other Financial Institutions. Salemba Four, Jakarta.

[44] Tri Kunawaningsih Pracoyo Antyo Pracoyo. 2006. Basic Aspect of Micro Economy. PT Grasindo, Jakarta.

[45] Banking Development Team Syariah Banking Institute of Indonesia. 2003. Bank Syariah: Concept, Product and Operational Implementation. Djambatan, Jakarta.

[46] Wirdyaningsih and Karnaen Perwataadmadja. 2005, Bank and Islamic Insurance in Indonesia edition 1. Kencana Prenada Media, Jakarta