Abstract

The purpose of the research is to examine the effect of sharia monetary transmission, incuding Bank Indonesia Sharia Certificate (SBIS), Bank Indonesia Sharia Deposit Facility (FASBIS), Third-Party Funds (DPK) on murabahah financing at Sharia banks in Indonesia in the short and long term. The research used a quantitative approach, while the data analysis technique used the error correction model test. The data used are monthly data from 2016-2019. The result of the research showed that, first, in the short-term equation SBIS has a negative and insignificant effect on murabahah financing in Sharia banks in Indonesia, while in the long-term equation SBIS has a positive and significant effect on murabahah financing in Sharia banks in Indonesia. Additionally, in the short term and long-term equation FASBIS has a positive and insignificant effect on murabahah financing in Sharia banks in Indonesia, Indeed, in the short term and long-term equation DPK has a positive and significant effect on murabahah financing in Sharia banks in Indonesia, and lastly, in the short term and long-term equation SBIS, FASBIS, and DPK simultaneously influence on murabahah financing in sharia banks in Indonesia.

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