Bank Muamalat Indonesia Research Articles

ANALISIS EFISIENSI BANK UMUM SYARIAH DEVISA DI INDONESIA DENGAN METODE DATA ENVELOPMENT ANALYSIS STUDI PADA BANK MUAMALAT INDONESIA DAN BANK SYARIAH MANDIRI

Performance is one of the indicators of efficiency in a firm including Islamic banks. Performance measurament commonly done by Islamic banks using financial ratio. However performance measurament by using financial ratio can’t show the condition of Islamic banks truthfully. Data Envelopment Analysis (DEA) method can overcome restrictiveness of performance measurament which able to handle many input and output. DEA method is a linier programming which aim to maximize input and output. This study aims to aware and analyze financial performance of Islamic commercial bank with DEA method in period 2008-2011. The sample of two Islamic commercial bank: Bank Muamalat Indonesia and Bank Syariah Mandiri. This study uses input variables consist of deposits, assets, and personnel costs as well as using a variable output which comprises the amount of financing and operating income. These results indicate that Islamic commercial bank foreign exchange continue to have 100 percentefficiency is a Bank Muamalat Indonesia over a period of observation, while Bank Syariah Mandiri has 100 percent efficiency in Maret 2008, September 2008, Desember 2008, Juni 2009, September 2009, Desember 2009, September 2010, Desember 2010, Maret 2011, Juni 2011, September 2011 dan Desember 2011

ANALISIS FAKTOR BAURAN PEMASARAN YANG MEMPENGARUHI KEPUASAN NASABAH SEHINGGA TERCIPTA WORD OF MOUTH POSITIF DI PT. BANK MUAMALAT INDONESIA, TBK CABANG MEDAN

This study attempts to determine the effect of customer satisfaction in the context of the marketing mixof positive word of mouth customers of PT. Bank Muamalat Indonesia, Tbk Medan Branch. Number of questionnaires was collected as many as 50 questionnaires respondent. Analysis technique used was factor analysis followed by discriminant analysis with program of SPSS version 17.0. Based on factor analysis, it is known that one factor called location was proved to be inaccurate (correlation value <0.5) so that it is excluded from the model. Canonical correlation is obtained for 0.593 with a significance of 0.003. It can be concluded that 35.20% of the variation of positive word of mouth can be explained by the variable of discriminant Product, Promotion, Price, People, Physics and Process.

PENGARUH RATIO KEUANGAN TERHADAP KINERJA KEUANGAN PADA BANK UMUM SYARIAH

This study examined the effect of financial ratios proxied by CAR), ROA, NPL and financial performance LDR Islamic Banks in Indonesia are proxied by return on assets (ROA). In this study population of 3 companies, namely PT. Bank Syariah Mega Indonesia, PT. Bank Muamalat Indonesia and PT. Syariah Mandiri. From the results of the study showed that: 1) There is a significant effect between CAR, ROA, NPL and LDR together to ROA, and 2) There is a significant effect on ROA ROA partially. Implementation is a variable that can be input CAR, ROA, NPL and LDR can be used to guide, either by the management company in the management of the company, as well as by investors in determining investment strategy.

ANALISIS PERBANDINGAN KINERJA KEUANGAN BANK MUAMALAT INDONESIA DAN BANK SYARIAH MANDIRI

The purpose of this study was to assets the financial performance of Bank Muamalat Indonesia in 2010-2014, assets the financial performance of Bank Syariah Mandiri in 2010-2014, to know is there any difference in the performance of Bank Muamalat Indonesia and Bank Syariah Mandiri in 2010-2014. This data source which used are secondary data in the form of financial statements of the company obtained from the publication of Bank Indonesia. Data analysis was performed using analysis of financial ratios of capital adequacy ratio, asset quality ratios, profitability ratios and liquidity ratios. The method used to compare the performance of Bank Muamalat Indonesia with Bank Syariah Mandiri is using the test independent sample t test. Based on the calculation of independent sample t test showed that for each ratio is the ratio Provision of Minimum Capital Adequacy Ratio (CAR), the ratio of asset quality (KAP), the ratio of Net Operational Margin (NOM) and the ratio of Short Term Mismatch (STM) there was no difference in financial performance significantly between Bank Muamalat.

PENGARUH PEMBIAYAAN MUDHÂRABAH DAN MUSYÂRAKAH TERHADAP PENDAPATAN BANK SYARIAH

Financing is one of the key factors of the development of the Islamic banking industry. Islamic bank financing should be ideally dominated by the profit-loss agreement, in which the system is run with the profit sharing system. In using regression analysis, correlation, and hypothesis testing, this study aimed to analyze the impact of mudhârabah and musyârakah financing toward revenue in Bank Muamalat Indonesia. The research result showed that the financing of the profit sharing system either partially or simultaneously have a strong and significant influence on Islamic banking income.DOI: 10.15408/aiq.v5i1.2555

EVALUASI PRODUK E-BANKING BANK SYARIAH: MERESPON KEINGINAN DAN KEBUTUHAN NASABAH SECARA EFEKTIF UNTUK MENINGKATKAN KUALITAS PRODUK

Considering the importance of customer-based improvement, the current paper presents the evaluation of Shar-E, an electronical banking product of Bank Muamalat Indonesia, by using fuzzy quality function deployment (QFD). From this research, it can be concluded that the availability of Automated Teller Machine (ATM) are the most important factor wanted by the customer to be present. Subsequently, providing good online systems such as network, banking transaction by online, and safety of Shar-E are the most important activities that should be well developed by BMI in order to respond to customers' needs and wants.Keywords: e-banking, Customers' needs and wants, Fuzzy theory. Quality function deployment

PENGARUH PEMBIAYAAN JUAL BELI, PEMBIAYAAN BAGI HASIL, DAN RASIO NON PERFORMING FINANCING TERHADAP PROFITABILITAS BANK UMUM SYARIAH DI INDONESIA

This paper examines how trade and profit-loss sharing (PLS) financing as well as non performing financing (NPF) affect theprofitability ofIslamic banking in Indonesia. The profitability is measured by return on assets. The sample selection method is purposive sampling and obtained four Islamic banks are being sampled, that is Bank Syariah Mega Indonesia, Bank Syariah Mandiri, Bank Muamalat Indonesia, and BRI Syariah in 11 periods of observation.Multiple regression is used toanalyzethe data. The resultshows thattrade financingand NPF have positivelly affect,while profit-loss sharing financing has negativelly affect on theprofitability ofIslamic banks.

KOMPARASI TINGKAT KESEHATAN PERBANKAN SYARIAH PT BANK MUAMALAT INDONESIA DAN PT BANK MEGA SYARIAH PERIODE MARET 2005 - DESEMBER 2009

This research intend to analyze the factors affecting the health perfomance of syariah banking especially Bank Muamalat Indonesia (BMI) and Bank Mega Sjariah (BMS) in Indonesia. This study applied CAMEL Modified method that used their finance report period March 200S—December 2009.This study concluded that BMS is better than BMI. BMS acquires healthy banks, criteria based on components and BOPO CAR, while BMI has a healtly bank criteria in terms of CAR, ROA. Both ofthe Islamic bank, BMI and BMS have an unhealthy bank category on aspects of BDR, LDR. If the BDR(Bad Debt Ratio) is low it will automatically make the entire results ofthe CAMEL Modified value has decreased.This led to declining financial performance and made the bank getting a bad predicate. Based on the conclusions above, BMI and the BMS are expected able to determine the effect of profits sharing that comes from thesefinancial statements as a whole.

ANALISIS RASIO KEUANGAN UNTUK MENEMUKAN BANK JANGKAR (STUDI PADA BANK UMUM SYARIAH DI INDONESIA)

This research based on API, anchor bank, and the growth of syariah commercial bank (BUS). This research aims to description BUS financial ratio with documentary technic in collecting data. This research use secondary data in form of financial report. Instrument analysis is banking financial ratios with time series analysis and cross sectional approach as tekhnis analysis. The research shows that syariah commercial bank have potential to be an anchor bank, but PT. Bank Muamalat Indonesia have more potential according to his financial ratios.

KAJIAN EFISIENSI PERBANKAN SYARIAH DI INDONESIA (PENDEKATAN DATA ENVELOPMENT ANALYSIS)

The history of Islamic banks in Indonesia is started by establishment of Bank Muamalat Indonesia (BMI) as the first Islamic commercial bank in Indonesia that has been operated in Indonesia in 1992. Until December 2007, there are 31 banks: 3 Islamic commercial banks and 28 Islamic unit banks. Islamic commercial bank operates fiilly sharia system, while Islamic unit bank operates windows system. During 2003-2007, Islamic banks have been grown significantly include asset, deposit and financing. Each grows 53%, 56% and 55% per year. Islamic banks must improve thier efficiency in order to give profit to stakeholders, and survive againts conventional banks or other financial institutions. Nevertheles, until today the efficiency of Islamic banks in Indonesia is not known. This study to identify: the efficiency of Islamic banks in Indonesia (overall), the efficiency of individual Islamic bank, the difference efficiency of Islamic commercial bank and Islamic unit bank, and the most influence factor to the efficiency of Islamic banks in Indonesia. This study focused on the head office of Islamic banks. The study uses data quarterly from fist quarter 2003 until fouth quarter 2007, includes nine banks: three Islamic commercial banks and six Islamic banking units. This study uses non-pametric DEA model. The results of this study show the efficiency of Islamic banks in Indonesia is average 0.883, and the most efficient Islamic banks is bank 1 (from Islamic commercial bank). Furthermore, the result of study indicates that Islamic commercial bank (BUS) is more efficient than Islamic unit bank (UUS). Besides that, financing is the most influence factor to the efficiency of Islamic banks in Indonesia. As the basic implication of this study are: (i) stakeholders especially government and monetary authority must improve the efficiency of Islamic banks and support and establish more Islamic commercial bank; (ii) stakeholders must support and establish more Islamic commercial bank, includes spint off Islamic unit bank to be Islamic commercial bank; and (iii) Islamic banks must give more financing to improve their efficiency.Keywords: Efficiency, Islamic commercial bank, Islamic unit bank, DEA

The Concept of Social Responsibility Disclosures for Islamic Banks based on Shari’ah Enterprise Theory

The Concept of Social Responsibility Disclosures for Islamic Banks based on Shari’ah Enterprise Theory. This research aims to develop the concept and characteristics of social responsibility disclosure and items for the social responsibility disclosure of Islamic banks. This research was conducted based on the critical paradigm by using Habermas’s Theory of Communication Action extended to spirituality in understanding social reality. This study also uses Shari’ah Enterprise Theory to analyze and to produce the concept of social responsibility disclosure for Islamic banks. Analysis was conducted on the annual reports of three Islamic banks in Indonesia, Bank Mega Syariah, Bank Syariah Mandiri and Bank Muamalat Indonesia. Interviews with stakeholders, including direct and indirect stakeholders were also conducted. Spiritual values were found during the research. These values are sharing, rahmatan lil alamin and maslaha. These values are used as guidance in developing items of social responsibility disclosure. Furthermore, a concept of social responsibility disclosure is derived based on the Shari’ah Enterprise Theory. This research proposes a form of social responsibility disclosure for Islamic banks that show efforts to meet vertical accountability to God, and horizontal accountability to people and environment, as well as to consider the material and spiritual needs of stakeholders and to disclose information both qualitatively and quantitatively.

Qualitative Approach to Build the Concept of Social Responsibility Disclosures Based on Shari’ah Enterprise Theory

This research aims to develop the concept and characteristics of social responsibility disclosure and items for the social responsibility disclosure of Islamic banks. This research was conducted based on the critical paradigm by using Habermas's Theory of Communication Action in understanding social reality. Habermas's Communication Theory of Action that is used extended with spirituality. This study also use Shari'ah Enterprise Theory to analyze and to produce the concept of social responsibility disclosure for Islamic banks. This research uses a qualitative approach in gathering and analyzing data. Analysis conducted on the annual reports of three Islamic banks in Indonesia, Bank Mega Syariah, Bank Syariah Mandiri and Bank Muamalat Indonesia. In addition the analysis was also conducted based on the results of interviews with stakeholders, including direct and indirect stakeholders. As a result of the analysis of the interests of stakeholders, the study found spiritual values. These values are sharing, rahmatan lil alamin and maslaha. These values are used as a guide in developing items of social responsibility disclosure. Further a concept of social responsibility disclosure is derived based on the Shari'ah Enterprise Theory. This research ultimately propose a form of social responsibility disclosure for Islamic banks that show efforts to meet the vertical accountability to God, and horizontal accountability to the people and the environment, considering the material and spiritual needs of stakeholders and disclose information both qualitatively and quantitatively.

Perbandingan Penawaran Investasi Depostio Bank Syariah

From the beginning, the sharia banks operation is always supporting mosleem expectations. Economic recovery, fairness, security, and comfortness aspects are became ultimate goals of sharia bank in Indonesia. This research is comparing the investment deposits from 3 sharia banks, and 4 business units of sharia, by using comparative descriptive analysis. The comparative variables were devided into 3 categories; there are Nisbah (profit sharing), investment conditions, and bank fascilities. The results indicates that BNI has the highest nisbah between all sharia banks at the first category. Bank Muamalat Indonesia, BNI Sharia, Bank Sharia Mega Indonesia has the lowest openning balance of time-deposits at second category . The product fascility as the third category, indicates that Bank Sharia Mandiri, BNI Sharia, Bank Sharia Mega Indonesia, and Bank Muamalat can using multi currency. BTN Sharia, Bank Sharia Mega Indonesia, Bank Muamalat Indonesia, and Bank Danamon Sharia were also offer joint account in their sharia investment.

The Disclosure of Islamic Values-Annual Report The Analysis of Bank Muamalat Indonesia's Annual Report

In a capitalist system apt annual report that includes financial statement is assumed to provide sound information concerning a given company. The annual report offers a background to a company, its financial position, operational results, and its performance According to radical economics, a financial statement serves the interests of capitalists (Belkaoui, 1984) Annual reports are also value free and are not concerned with issues such as justice or ethics. Indeed, current trends in accounting have raised some questions concerning the paradigm of traditional accounting theory and especially its bias concerning capitalist interests. The emergence of Employee Reporting Value Added Accounting, Socio Economic Accounting, and Environmental Accounting to name just a few, is evidences of the shortcomings of the capitalistic accounting system in establishing both just and fair principles among company stakeholders This has therefore led to a demand for a new approach towards accounting disclosure including among others things: a clear account of how a company treats its employees, society, the environment and the beliefs of employees. Even though the standard formulated by AAOIFI (1998) based on capitalistic accounting, are still in a theoretical stage of development they can be used as a starting point that may help lead to an improved set of disclosure criteria that can be used by an Islamic bank or organization. This paper will discuss the empirical evidence derived from one such Islamic organization. Bank Muamalat Indonesia, has compiled information using capitalistic accounting standards so as to clarify its financial position and results of operations to stakeholders. It is hypothesized though, that the current disclosures system employed gives no indication of justness or fairness and so is incompatible with Islamic value. The paper argues Muslim researcher should aim to move from utilizing capitalistic practice primarily concerned with the disclosure, of 'financial indicators and towards a system that also consider justice, fairness, and ethical practices.

PENGARUH KINERJA KEUANGAN TERHADAP TINGKAT BAGI HASIL SIMPANAN MUDHARABAH BANK SYARIAH : SURVEI PADA BANK MUAMALAT INDONESIA TBK

The objective of this research is to know financial performance the relationship Bank syariah to deposit sharing holder level of mudharabah by using Bank Muamalat Indonesia as research object. Other objective is as one of the study medium banking of Bank Syariah specially and Syariah economics in general.The test in this research uses deposit sharing holder level of mudharabah as dependent variable and financial ratio those are ROA, ROE, FDR, GWM, BOPO, NIM and CAR as its variable. This ratios is as financial ratio which used consistently by Bureau Research of Infobank in assessing and rating banking of national. Data which is used in this research is annual financial statement of publication of PT Bank Muamalat Indonesia Tbk for year 1999-2003 which made no difference in intropolation data.By using analyzer of SPSS 11.0 for windows model multiple linear regression, equation of new regression get away classic assumption test if ROE variable and of GWM released from equation because the happening of multicolinerity. Result of this test can be concluded that 90.1% variance of variable amount Sharing Holder can be explained by variance from is tyhe fifth of independent variable, while 9.9% other explained by other variable outside that used model. Then, assess of constant © 16.556 with significant level 0.000 indicating that there is free variable which included into model and individually that have influenced of significant in explaining variable of Sharing Holder.F-Test conducted, that has proved that significant level is 0.000 the fifth of independent variable by together have correlation which are positive and significant toward deposit sharing holder level of mudharabah. But F-Test by parsial show only BOPO variable and NIM owning positive correlation and significant toward deposit sharing holder level of mudharabah with R each 0.55 and 0.616, while ROA, FDR variable, and CAR do not significant to deposit sharing holder level of mudharabah with value of significant each 0.950, 0.300, and 0.179.

Book Review: Sukses Bisnis Modal Dengkul

Oleh        : Husain Haikal Judul         : Sukses Bisnis Modal Dengkul Penulis      : Mas’ud Chasan Penerbit      : Kerja Sama Dinas Perindustrian, Perdagangan dan Koperasi Kodya Yogyakarta dengan Pustaka PelajarYogyakarta Cetakan    : I, November 2007 Tebal      : xviii + 225 halaman

Link ATM Bank Syariah ke Bank Konvensional Perspektif Syariah (Studi Kasus Pada Bank Muamalah Indonesia Cabang Yogyakarta)

This research is about an analysis toward ATM link between Syariah bank, especially Bank Muamalat Indonesia (BMI) and conventional bank in Islamic point of view. As an Islamic bank, BMI had perform Islamic values in its overall operation. The innovation made by BMI, ATM link between BMI and BCA, makes many inquiries from the society, especially academician wheter the product of this ATM link compliance to Syariah’s rules or not. It is a qualitative research used library as source of datas. It applies content analysis as method of analysis. The research found that the ATM link product between BMI and BCA is compliance to Syariah’s rules. BMI cooperate with two switching corporation, namely PT Artajasa and PT Rintis Sejahtera. The cooperation is based on ijarah contract, and contract of ijarah is lawful in Islam. The aim of cooperation among them is to secure benefit for human being and repell the evil.Keywords: ATM, bank syariah, bank konvensional

Kualifikasi Manajemen Lembaga Keuangan Menurut Petunjuk Syari’ah

The sharia finance institution (LKS) can be managed well, if it’s done by professional people who have commitment to Islamic syaria, in order to get guidance of Allah SWT. Appreciation and society belief of syaria finance institution’s activities in Indonesia today. Bank Muamalat Indonesia (BMI) who gets the 7th grade and 13th for Bank Syariah Mandiri (BSM) of 62 banks, have given the evidence of the management and work of syaria finance institution arn’t worse then the convensional finace institution.

Membangun Bursa Efek Syari’ah Yang Berkualitas dan Berdaya Saing Tinggi

Stock Exchange Market is one of effective tool to accelerate the development of the country. Stock Exchange Market is one of alternative that can be used by the company to get capital needs. Althoght it has been banking institution, cause of leverage case, the company cannot get the many from bank instituion. Stock exchange market and bank institution have to be good partner. Economic crisis in 1997 had been a moment that realize Indonesian toward the weakness of economic macro and micro. The great of Indonesia development result in New Order era with Gross Domestic Product (GDP) and Gross National Product (GNP) indicator was only be deceit power. One of reasons was that our national power bulit on abroad debt, even government or non-government. The situation caused many dificulties when many of investation capital brought out of the country. The market need reformation, need not intervention. This is one of the opprotunies for academist and economist for developing moneter institution based on Syari’ah values. The proof of Bank Muamalat Indonesia (BMI) ability to exist in our banking system, when many others colaps, can be capital to develop Syari’ah economic institutions. Although the total asset of Syari’ah banking only 0,23% of nasional banking asset, but the development shows great signs. As a part of national monetary system, Syari’ah banking needs to be sopported by Islamic Exchange Market.

Jaminan Perundang-undangan tentang Eksistensi Lembaga Keuangan Syari`ah Di Indonesia

The author of this article explains that Islamic economics system actually has developed in Indonesia. But because of Dutch Colonized era and the government after, Islamic economics system has been marginalized in Indonesia. In the beginning of 1990s, Islamic economics particularly in monetary system that indicates the operating of Bank Muamalat Indonesia (BMI-Muamalat Bank of Indonesia) in 1992, Lembaga Keuangan Syari’ah (LKBS-Syariah Finance Institution), and Lembaga Keuangan Syari’ah Non Bank (LKSBB-Non-Bank Syariah Finance Institution).These institutions emerge at the time when economic crisis happen in Indonesia. According to the writer of the article the growth of Islamic economics institutions in Indonesia gives hopes. But the problem in the context of those is the legislations that regulate the institution do not appear yet