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Muhammad Iqbal

Perbanas institute, Islamic Economics, Faculty Member

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I am a lecturer and researcher in Islamic economics. My research has been extensively involved in Islamic finance and banking, particularly banking performance, risk management and financing. Currently I am focusing on research on Islamic fintech peer to peer lending (P2PL) related to its potential and role in encouraging Islamic financial inclusion, as well as its strategic position in the Islamic financial system. I have expertise in econometrics and enjoy exploring new methods of research, both qualitative and quantitative.
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Phone: +6287741578842
Address: Jl. Perbanas, Karet Kuningan, Setiabudi, Jakarta, 12940, Indonesia

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Papers by Muhammad Iqbal

Banking Performance Affects Working Capital Loans Growth: Evidence from the Indonesian Banking Industry

International Journal of Management and Economics Invention, 2023

This study aims to analyze the effect of third-party funds, non-performing loans, loan-to-deposit... more This study aims to analyze the effect of third-party funds, non-performing loans, loan-to-deposit ratio, net interest margin, and operating-income-to-operating-expenses on the growth of working capital loans disbursement in the Indonesian banking industry. Making use of the purposive sampling technique, thirteen out of a population of forty six conventional commercial banks listed in the Indonesian Stock Exchange were selected as this study's samples. Quantitative secondary data obtained from these banks' annual reports of 2011-2019 were analyzed by use of the panel data regression method with a fixed effect approach. The results show that third-party funds, loan-to-deposit ratio, net interest margin, and operating-expenses-to-operating-income have a statistically significant positive effect on the growth of of working capital loans. Non-performing loans is shown to have a statistically non-significant effect on working capital loans growth.

Analysis Management of Cash Waqf an Innovative Instrument for Economic Development (A Case Study in Indonesian Waqf Deposit)

ASEAN/Asian Academic Society International Conference Proceeding Series, 2018

Cash waqf is one of the alternative solutions amid the inability of government in providing prosp... more Cash waqf is one of the alternative solutions amid the inability of government in providing prosperity for Indonesian society. On the other side, the system of cash waqf return allocation need to be rejuvenated in a professional way (Affandi and Nufus 2010). Therefore, organization of cash waqf should receive more attention to finance various social projects through empowerment in the form of productive financing (Ahmad, dan Thobieb, 2006). Beside optimizing the cash waqf system, it is also necessary to developing cash waqf distribution programs. This paper aims to analyze management of cash waqf in Indonesia and inhibiting factors organization of cash waqf. This research consists of several steps. The first, to observed the potential of cash waqf. The second is, to information through interviews of academics in sharia and members of indonesian waqf board. The last is, to formulate the strategy to develop the cash waqf. This research conducted Analytic Network Process (ANP). The methodology of this study is presented in descriptive technique and supported by some relevant literatures. The results of the study show that the problems that arise in the development of cash waqf in Indonesia are divided into 3 aspects: Government, Human Resources, and Society. By using the ANP method, it is obtained priority strategies that are considered to solve the problem of collecting money in Indonesia, consisting of the first sequence of training, nadzir certification and making as a profession, optimizing socialization to the community, reporting of waqf funds routinely and the latter providing infrastructure support to accommodate waqf institutions.

Can the Efficiency of Islamic Banks in Indonesia Improve Their Competitiveness

by Muhammad Iqbal and dwi yanti yunianita

Al-Amwal: Jurnal Ekonomi dan Perbankan Syari'ah, 2020

The development of Islamic banks today has contributed to the emergence of increasingly competiti... more The development of Islamic banks today has contributed to the emergence of increasingly competitive competition between Islamic banks. Efficiency performance is believed to be a major factor in driving competitiveness among Islamic banks. This study aims to analyze the efficiency performance of Islamic banks in Indonesia and their effect on competitiveness. The sample used was 11 Islamic banks in Indonesia. The data used in this study were obtained from annual financial reports published from the OJK website and each bank during the period of 2012-2017. The approach used to measure efficiency performance uses the Data Envelopment Analysis (DEA) method, while the data analysis method uses OneWay ANOVA and panel data regression. The results of measuring the efficiency performance of Islamic banks in Indonesia are still quite efficient, although during the study period several banks experienced a decrease in efficiency which resulted in differences in efficiency of performance among Islamic banks. Changes in efficiency performance do not have an impact on the competitiveness of Islamic banks themselves.

Sistem Peringatan Dini Ketahanan Perbankan Terhadap Guncangan Internal dan Eksternal Dengan Model Artifical Neural Network

Target: Jurnal Manajemen Bisnis, 2020

Financial stability system is a complex system which formed and associated with monetary policy a... more Financial stability system is a complex system which formed and associated with monetary policy and an economic in the country. Therefore we need model to be able to quickly and accurately predict the instability of financial system may occur.This research is aim to built Artifical Neural Network (ANN) model as a early warning system for banking failure prediction based a bank compliance. This research combine internal and external factor affect banking performance as a indicator. The result of this research proved ANN could be use as an alternative method to detect the level of sustainability of a banks.

Potensi Pengembangan Wisata Halal Medis di Indonesia

Bunga Rampai 30 Tahun Ekonomi Syariah Indonesia, 2021

Wisata halal medis merupakan suatu varian dari wisata halal dengan mengandalkan pada pelayanan me... more Wisata halal medis merupakan suatu varian dari wisata halal dengan mengandalkan pada pelayanan medis yang dibalut oleh berbagai fasilitas pariwisata dengan konten halal yang membawa ketenangan bagi wisatawan Muslim yang juga dapat dinikmati secara universal oleh pemeluk agama lainnya. Di beberapa negara jenis wisata ini telah mulai dikembangkan dengan berbagai kekhasan bentuk pelayanan medis yang ditawarkan. Indonesia sebagai negara dengan penduduk muslim terbesar memiliki berbagai keunggulan, baik dalam wisata halal maupun dalam dunia medisnya. Karena itulah terbuka peluang yang sangat besar untuk mengembangkan wisata halal medis. Meskipun memiliki peluang dari berbagai potensi yang ada namun model wisata halal medis belum ada di Indonesia. Diperlukan penelitianpenelitian untuk mencari model yang tepat bagi wisata halal medis yang akan dikembangkan di Indonesia. Tulisan ini mencoba memaparkan perihal wisata halal medis yang menjadi bagian dari wisata halal serta potensi-potensi yang dapat ditelusuri dan dikembangkan dalam rangka mendukung pertumbuhan ekonomi Nasional.

Pengaruh Religiusitas, Kualitas Layanan, dan Promosi Terhadap Minat Menabung di Bank Syariah

by Muhammad Iqbal and Hilmi Musyaffa

Perbanas Journal of Islamic Economics and Business, 2022

Penelitian ini bertujuan untuk menganalisis pengaruh religiusitas, kualitas layanan, dan promosi ... more Penelitian ini bertujuan untuk menganalisis pengaruh religiusitas, kualitas layanan, dan promosi terhadap minat menabung di bank syariah. Penelitian menggunakan pendekatan kuantitatif dengan teknik analisis regresi linear berganda sebagai metode analisis datanya. Pengumpulan data menggunakan teknik purposive sampling dengan populasi masyarakat muslim yang berdomisili di Jakarta Pusat. Hasil yang diperoleh dari penelitian ini memperlihatkan bahwa religiusitas dan kualitas layanan tidak mempengaruhi minat menabung, sedangkan promosi mempengaruhi minat menabung. Religiusitas seorang muslim tidak mempengaruhi minat orang tersebut untuk menabung di bank syariah. Demikian pula dengan kualitas layanan dari bank syariah yang tidak menentukan minat menabung seorang muslim. Promosi menjadi satu-satunya faktor dalam penelitian ini yang mendorong minat menabung seorang muslim di bank syariah. Tingginya promosi terhadap seorang muslim tentang bank syariah akan meningkatkan minat orang tersebut untuk menabung di bank syariah.

The Existence of Islamic Fintech in Encouraging National Economic Growth

Jurnal Ilmiah Ekonomi Islam, 2022

This article aims to identify the role of Islamic fintech (peer-to-peer lending) in influencing I... more This article aims to identify the role of Islamic fintech (peer-to-peer lending) in influencing Indonesia's economic growth. Economic growth is proxied by the growth rate of gross domestic product (GDP), while sharia fintech assets are used as indicators of peer-to-peer (P2P) lending based on sharia information technology. The relationship between the short-term and long-term effects of Islamic fintech P2P lending and economic growth was measured using the vector error correction model (VECM) method. The results of the analysis of the VECM results show that in the long term, every 1 billion increase in Islamic fintech assets will increase economic growth by 0.108%. Furthermore, the short-term effect was found that economic growth was significantly influenced by economic growth in the previous period (55.7%), economic growth in the previous three periods (-62.2%), and the growth of Islamic fintech assets in the previous two periods (0.09%). These results provide input to regulators and the government that the development of fintech P2P lending has an undeniable influence on economic growth, so that the preparation of regulations, ecosystem infrastructure and consumer protection is an important priority to ensure that the objectives of achieving monetary policy on economic growth can be controlled.

Analysis of Factors Affecting Murabahah Financing in Shariah Commercial Bank

International Conference for Emerging Markets (ICEM), 2013

This research aimed to evaluate the affecting of Third-Party Funds, Non-Performing Financing (NPF... more This research aimed to evaluate the affecting of Third-Party Funds, Non-Performing Financing (NPF), Murabaha Margin, Inflation, BI Rate and Growth of GDP to Murabaha Financing in Syariah Commercial Bank period 2009-2013. In this research, Third-Party Funds, Non-Performing Financing, Murabaha Margin, Inflation, BI Rate and Growth of GDP are independent variables, whereas Murabaha Financing is the dependent variable. Data
analysis using panel data regresion. The results showed that the variables Third-Party Funds, Non-Performing Financing, Murabaha Margin, Inflation, BI Rate and Growth of GDP simultaneously have a significant affecting on Murabaha Financing. Contrary, the findings in partial showed that Third-Party Fund, Non-Performing Financing, Murabaha Margin, Inflation and Growth of GDP significant affecting on murabaha financing. The coefficient of determination is 0.963958, meaning that the independent variables Third-Party Funds, Non-Performing Financing, Murabaha Margin, Inflation, BI Rate Growth of GDP simultaneously affect Murabaha Financing amounting to 96.39 percent, while the remaining 3.61 percent
affected by other factors not included in this research model.

Faktor Pengetahuan dan Religiusitas Generasi Z Terhadap Minat Menabung di Bank Syariah

Malia: Jurnal Ekonomi Islam, 2021

This study aims to determine the knowledge and religiosity of Generation Z on interest in saving ... more This study aims to determine the knowledge and religiosity of Generation Z on interest in saving in Islamic banks. The data used are primary data using purposive sampling technique. The results of the multiple linear analysis test show that knowledge and religiosity variables can affect customer interest in saving in Islamic banks by 80.4%. These results provide opportunities for Islamic banks to increase knowledge by way of socializing about Islamic banks to the public. then by participating in religious activities, it can increase religiosity, so that people's interest in saving in Islamic banks is increasing.

Peran Layanan Mobile Banking dalam Meningkatkan Kepuasan dan Loyalitas Nasabah Bank Syariah

by Muhammad Iqbal and Muhammad Iqbal

Jurnal Muhammadiyah Manajemen Bisnis, 2021

Penelitian ini bertujuan mengetahui kualitas layanan mobile banking dalam meningkatkan kepuasan n... more Penelitian ini bertujuan mengetahui kualitas layanan mobile banking dalam meningkatkan kepuasan nasabah dan dampaknya terhadap loyalitas nasabah bank syariah. Metode Partial Least Square (PLS) digunakan sebagai metode analisis data guna mengetahui sejauh mana peningkatan kepuasan nasabah dapat berperan sebagai variabel intervening dalam mempengaruhi kualitas layanan terhadap loyalitas nasabah. Sampel penelitian diperoleh dari nasabah Bank Syariah Mandiri kantor cabang Tomang. Hasil penelitian ini menunjukkan bahwa kualitas layanan mobile banking berpengaruh signifikansi terhadap kepuasan nasabah namun tidak berpengaruh langsung terhadap loyalitas nasabah. Meskipun demikian, kualitas layanan mobile banking tetap berpengaruh secara tidak langsung terhadap loyalitas nasabah melalui peran kepuasan nasabah. Hal ini menunjukkan bahwa kepuasan nasabah memediasi kualitas layanan mobile banking terhadap loyalitas nasabah bank syariah Kata kunci: kualitas layanan mobile banking, kepuasan nasabah, loyalitas nasabah

The Role of Islamic Fintech P2PL in Increasing Inclusion and Financial Literacy of MSMEs

by Muhammad Iqbal and Neni Dwijayanti

Journal of Islamic Finance, 2022

This study aims to analyze the role of Islamic financial technology (fintech) peer-to-peer lendin... more This study aims to analyze the role of Islamic financial technology (fintech) peer-to-peer lending (P2PL) in increasing the inclusion and financial literacy of Micro, Small, and Medium Enterprises (MSMEs). The presence of fintech in Indonesia provides various benefits, especially when the unbankable is still widely spread in various regions. No exception for MSME players, P2PL fintech services provides an easier option for them to get access to funding. The research sample is on three P2PL-based fintech that uses Shariah principles in Indonesia. Data were obtained through interviews and relevant literature sources. The analytical method used is descriptive qualitative. The results of the study show that there are at least four roles that Shariah P2PL fintech can do to increase MSMEs financial inclusion, such as: providing digital-based financial services, facilitating financing application requirements, collaborating with various businesses groups, and collaborating with digital ecosystems. Meanwhile, to improve literacy, P2PL fintech socializes to regions, holds seminars and webinars, uses digital media to optimize fintech, and plays an active role in financial inclusion activities organized by various parties.

Optimization of Profit-Sharing Financing at Islamic Banking in Indonesia

Journal of Finance and Banking, 2021

The purpose of this study is to identify factors that can encourage an increase in profitsharing ... more The purpose of this study is to identify factors that can encourage an increase in profitsharing financing. These factors are third-party funds in the form of mudharabah deposits, non-performing financing, equivalent rate, operational efficiency ratio, economic growth, and inflation. The research method uses a co-integration and error correction model (ECM) with a sample of the Islamic banking industry in Indonesia from the first quarter of 2015 to the third quarter of 2020. The results show that the factors that encourage profit-sharing financing are the growth of third-party funds in the form of mudharabah deposits, nonperforming low funding, low equivalent rate, operational efficiency, and economic growth. These factors are the key to driving the growth of profit-sharing financing. This research contributes to providing various alternative strategies in encouraging the growth of profitsharing financing, such as increasing retained earnings from profit, providing attractive profit-sharing incentives, transparency of financial reports to attract people to invest in Islamic banks, prevention and supervision of non-performing financing, be careful in determining the ratio by taking into account several internal and external aspects, as well as paying attention to the movements of existing economic growth.

Islamic Fintech Growth Prospects in Accelerating MSMEs Growth during the Covid-19 Pandemic: Evidence in Indonesia

by Muhammad Iqbal and Prameswara Samofa

International Journal of Islamic Economics and Finance Studies, 2021

Islamic fintech plays a role in encouraging the growth of MSMEs in Indonesia with its financing s... more Islamic fintech plays a role in encouraging the growth of MSMEs in Indonesia with its financing segment. The more Islamic fintech develops, the faster the growth of MSMEs in Indonesia will be. This study aims to identify macroeconomic factors such as gross domestic product (GDP), interest rates, and inflation in encouraging the growth of Islamic fintech. Using the OLS regression method, the results show that GDP has a positive effect on the growth of Islamic fintech, while interest rates have a negative effect on the growth of Islamic fintech. Improving macroeconomic conditions will encourage the growth of Islamic fintech which will ultimately contribute to the growth of MSMEs which are the main segment of Islamic fintech financing. In general, the growth of Islamic fintech assets in Indonesia tends to decline in line with the decline in GDP during the Covid-19 pandemic period. However, fintech assets can still grow, supported by declining interest rates and other factors such as the growth of the digital ecosystem in Indonesia.

Kebijakan Office Channeling dan Spin Off: Stimulan Perbankan Syariah

Aliansi : Jurnal Manajemen dan Bisnis, 2014

The purpose of research is to see the effect of policy office channeling funds and spin off to th... more The purpose of research is to see the effect of policy office channeling funds and spin off to the third party and its effect on the growth of Islamic banking assets. Methods multiple linear regression was used as a model to identify independent variables sharia bank deposits, BI rate and inflation rate of the dependent variable the growth of Islamic banking assets. The results of multiple linear regression showed that only the growth of thirdparty funds significant that influence the growth of Islamic banking assets. Chow test is used to identify any changes in independent variables affect the dependent variable showed that the office channeling and spin off a significant effect in changing the behavior of third-party funds to encourage the growth of Islamic banking assets. Influence policy office channeling more rapid response by national banks rather than spin off policy. However effect spin-off policy is much greater in influencing the growth of Islamic banking assets.

Synergy of Sharia Bank and Financial Technology in Development of Micro, Small and Medium Businesses in Indonesia

Jurnal Reviu Akuntansi dan Keuangan, 2020

The purpose of this study is to analyze the synergy between sharia bank and fintech to effort and... more The purpose of this study is to analyze the synergy between sharia bank and fintech to effort and develop micro, small and medium enterprises (MSMEs) in Indonesia. Data and information were obtained through interview to expert respondents in their fields such as BNI Syariah, Ammana Fintek Syariah and the Otoritas Jasa Keuangan (OJK). This study has been conducted from July 2018 to March 2019. To provide a deep understanding, this study uses a qualitative approach. The results of the study to show that the opportunity to create synergy between Sharia Bank and Sharia Fintech in order to develop MSMEs in Indonesia is still very wide open. This synergy can be done through several existing patterns or synergy models, including through cross-selling schemes, channeling, references, shadow investors, outsourcing platform and Fintech consortium. The benefits of this synergy include empowering MSMEs, facilitating financial services that are practical, comfortable, safe, have speed, sophistication and up-to-date and are more efficient. The challenges ahead are in terms of human resources competence and support from regulators for policy relaxation. Risks that must be properly mitigated from these synergies, such as the risk of credibility, technology, default and operations.

Increasing Community Awareness and Intention in Encouraging The Growth of Cash Waqf

Economica: Jurnal Ekonomi Islam, 2019

This study aims to identify factors that determine the awareness, intention and decision of the I... more This study aims to identify factors that determine the awareness, intention and decision of the Indonesian people to cash waqf. Data collection techniques using purposive sampling with PLS (Partial Least Squared) method as a data analysis tool in this study includes a path analysis model. The results obtained show that the social environment and understanding affect one's awareness and interest in cash waqf. The emergence of awareness and intention will encourage the person to carry out cash waqf. While the promotion of cash waqf does not affect awareness and intentions which in the end will not encourage someone to cash waqf.

Upaya Fintech Syariah Mendorong Akselerasi Pertumbuhan UMKM di Indonesia

Jurnal Ilmiah Ekonomi Islam, 2021

Compared to other Islamic financial institutions, Islamic fintech has several advantages in accel... more Compared to other Islamic financial institutions, Islamic fintech has several advantages in accelerating the growth of SMEs in Indonesia. However, the existence of Islamic fintech cannot be separated from various problems. The purpose of this study is to find solutions to these problems, seen from many aspects, such as regulations, human resources, and public perceptions and the potential for fraud. The method used is qualitative with two approaches to data analysis, interactive models and SWOT analysis. The results of data analysis formulated at least three strategies. First, strengthening the ecosystem between Islamic fintech, government, academics and civil society, including sharia fintech customers and Islamic banks. Second, optimizing the potential of sharia fintech in managerial skills and sharia contract capacity. Third, the massive and targeted socialization and promotion of Islamic fintech.

Perbandingan Pengelolaan Risiko Kredit Perbankan Syariah dan Perbankan Konvensional

Journal of Finance and Banking, 2017

This study aims to identify factors that can be used as indicators in reducing the incidence of c... more This study aims to identify factors that can be used as indicators in reducing the incidence of credit risk in sharia banking and conventional banking. The variables that become observations include banking performance in each group and macroeconomic performance. The banking performance variables include credit risk itself as measured by problem financing, growth in financing, growth in third party funds, and banking size. While macroeconomic variables include national income, interest rates, and inflation. Autoregressive and distributed lag methods are used to identify which variables can be used as indicators. The results showed that all identified factors can be an indicator in the process of credit risk control both in sharia banking and conventional banking. Only credit growth in conventional banking alone can't be used as an indicator of credit risk control.

Analisis Perbandingan Kinerja Keuangan Perbankan Syariah dengan Perbankan Konvensional

Episteme, Dec 1, 2012

Berdasarkan dari kriteria sampel yang telah ditentukan, diperoleh dua kelompok sampel penelitian,... more Berdasarkan dari kriteria sampel yang telah ditentukan, diperoleh dua kelompok sampel penelitian, yaitu 2 bank umum syariah dan 6 bank umum konvensional. Alat analisis statistik yang digunakan untuk membuktikan hipotesis dalam penelitian ini adalah independent sample t-test. Analisis yang dilakukan menunjukkan bahwa ratarata rasio keuangan perbankan syariah (ROA, ROE dan LDR) lebih baik secara signifikan dibandingkan dengan perbankan konvensional, sedangkan pada rasio-rasio yang lain perbankan syariah lebih rendah kualitasnya. Secara keseluruhan penilaian kinerja bank syariah masih berada di atas atau lebih baik dibandingkan dengan bank konvensional.

Determinants of Credit Risk Diversification in Indonesian Banking Industry

Journal of Seybold Report, 2020

This study aimed to identify the effect of credit diversification based on the type of use and ... more This study aimed to identify the effect of credit diversification based on the type of use
and economic sector on credit risk with Good Corporate Governance (GCG) as moderation and size as a variable control. This study used secondary data from banks, which are the lead entities of financial conglomerates listed on the Indonesia Stock Exchange in 2015-2017 with a purposive sampling technique. The data was analyzed using panel data regression. The results showed that GCG could strengthen the effect of credit risk diversification based on the type of use (HHI₁) and the economic sector (HHI₂) on credit risk (NPL). Size has a positive and significant effect on NPL, but risk diversification based on the type of use (HHI₁) and economic sector (HHI₂) is not significant on Non-Performing Loan (NPL).

Banking Performance Affects Working Capital Loans Growth: Evidence from the Indonesian Banking Industry

International Journal of Management and Economics Invention, 2023

This study aims to analyze the effect of third-party funds, non-performing loans, loan-to-deposit... more This study aims to analyze the effect of third-party funds, non-performing loans, loan-to-deposit ratio, net interest margin, and operating-income-to-operating-expenses on the growth of working capital loans disbursement in the Indonesian banking industry. Making use of the purposive sampling technique, thirteen out of a population of forty six conventional commercial banks listed in the Indonesian Stock Exchange were selected as this study's samples. Quantitative secondary data obtained from these banks' annual reports of 2011-2019 were analyzed by use of the panel data regression method with a fixed effect approach. The results show that third-party funds, loan-to-deposit ratio, net interest margin, and operating-expenses-to-operating-income have a statistically significant positive effect on the growth of of working capital loans. Non-performing loans is shown to have a statistically non-significant effect on working capital loans growth.

Analysis Management of Cash Waqf an Innovative Instrument for Economic Development (A Case Study in Indonesian Waqf Deposit)

ASEAN/Asian Academic Society International Conference Proceeding Series, 2018

Cash waqf is one of the alternative solutions amid the inability of government in providing prosp... more Cash waqf is one of the alternative solutions amid the inability of government in providing prosperity for Indonesian society. On the other side, the system of cash waqf return allocation need to be rejuvenated in a professional way (Affandi and Nufus 2010). Therefore, organization of cash waqf should receive more attention to finance various social projects through empowerment in the form of productive financing (Ahmad, dan Thobieb, 2006). Beside optimizing the cash waqf system, it is also necessary to developing cash waqf distribution programs. This paper aims to analyze management of cash waqf in Indonesia and inhibiting factors organization of cash waqf. This research consists of several steps. The first, to observed the potential of cash waqf. The second is, to information through interviews of academics in sharia and members of indonesian waqf board. The last is, to formulate the strategy to develop the cash waqf. This research conducted Analytic Network Process (ANP). The methodology of this study is presented in descriptive technique and supported by some relevant literatures. The results of the study show that the problems that arise in the development of cash waqf in Indonesia are divided into 3 aspects: Government, Human Resources, and Society. By using the ANP method, it is obtained priority strategies that are considered to solve the problem of collecting money in Indonesia, consisting of the first sequence of training, nadzir certification and making as a profession, optimizing socialization to the community, reporting of waqf funds routinely and the latter providing infrastructure support to accommodate waqf institutions.

Can the Efficiency of Islamic Banks in Indonesia Improve Their Competitiveness

by Muhammad Iqbal and dwi yanti yunianita

Al-Amwal: Jurnal Ekonomi dan Perbankan Syari'ah, 2020

The development of Islamic banks today has contributed to the emergence of increasingly competiti... more The development of Islamic banks today has contributed to the emergence of increasingly competitive competition between Islamic banks. Efficiency performance is believed to be a major factor in driving competitiveness among Islamic banks. This study aims to analyze the efficiency performance of Islamic banks in Indonesia and their effect on competitiveness. The sample used was 11 Islamic banks in Indonesia. The data used in this study were obtained from annual financial reports published from the OJK website and each bank during the period of 2012-2017. The approach used to measure efficiency performance uses the Data Envelopment Analysis (DEA) method, while the data analysis method uses OneWay ANOVA and panel data regression. The results of measuring the efficiency performance of Islamic banks in Indonesia are still quite efficient, although during the study period several banks experienced a decrease in efficiency which resulted in differences in efficiency of performance among Islamic banks. Changes in efficiency performance do not have an impact on the competitiveness of Islamic banks themselves.

Sistem Peringatan Dini Ketahanan Perbankan Terhadap Guncangan Internal dan Eksternal Dengan Model Artifical Neural Network

Target: Jurnal Manajemen Bisnis, 2020

Financial stability system is a complex system which formed and associated with monetary policy a... more Financial stability system is a complex system which formed and associated with monetary policy and an economic in the country. Therefore we need model to be able to quickly and accurately predict the instability of financial system may occur.This research is aim to built Artifical Neural Network (ANN) model as a early warning system for banking failure prediction based a bank compliance. This research combine internal and external factor affect banking performance as a indicator. The result of this research proved ANN could be use as an alternative method to detect the level of sustainability of a banks.

Potensi Pengembangan Wisata Halal Medis di Indonesia

Bunga Rampai 30 Tahun Ekonomi Syariah Indonesia, 2021

Wisata halal medis merupakan suatu varian dari wisata halal dengan mengandalkan pada pelayanan me... more Wisata halal medis merupakan suatu varian dari wisata halal dengan mengandalkan pada pelayanan medis yang dibalut oleh berbagai fasilitas pariwisata dengan konten halal yang membawa ketenangan bagi wisatawan Muslim yang juga dapat dinikmati secara universal oleh pemeluk agama lainnya. Di beberapa negara jenis wisata ini telah mulai dikembangkan dengan berbagai kekhasan bentuk pelayanan medis yang ditawarkan. Indonesia sebagai negara dengan penduduk muslim terbesar memiliki berbagai keunggulan, baik dalam wisata halal maupun dalam dunia medisnya. Karena itulah terbuka peluang yang sangat besar untuk mengembangkan wisata halal medis. Meskipun memiliki peluang dari berbagai potensi yang ada namun model wisata halal medis belum ada di Indonesia. Diperlukan penelitianpenelitian untuk mencari model yang tepat bagi wisata halal medis yang akan dikembangkan di Indonesia. Tulisan ini mencoba memaparkan perihal wisata halal medis yang menjadi bagian dari wisata halal serta potensi-potensi yang dapat ditelusuri dan dikembangkan dalam rangka mendukung pertumbuhan ekonomi Nasional.

Pengaruh Religiusitas, Kualitas Layanan, dan Promosi Terhadap Minat Menabung di Bank Syariah

by Muhammad Iqbal and Hilmi Musyaffa

Perbanas Journal of Islamic Economics and Business, 2022

Penelitian ini bertujuan untuk menganalisis pengaruh religiusitas, kualitas layanan, dan promosi ... more Penelitian ini bertujuan untuk menganalisis pengaruh religiusitas, kualitas layanan, dan promosi terhadap minat menabung di bank syariah. Penelitian menggunakan pendekatan kuantitatif dengan teknik analisis regresi linear berganda sebagai metode analisis datanya. Pengumpulan data menggunakan teknik purposive sampling dengan populasi masyarakat muslim yang berdomisili di Jakarta Pusat. Hasil yang diperoleh dari penelitian ini memperlihatkan bahwa religiusitas dan kualitas layanan tidak mempengaruhi minat menabung, sedangkan promosi mempengaruhi minat menabung. Religiusitas seorang muslim tidak mempengaruhi minat orang tersebut untuk menabung di bank syariah. Demikian pula dengan kualitas layanan dari bank syariah yang tidak menentukan minat menabung seorang muslim. Promosi menjadi satu-satunya faktor dalam penelitian ini yang mendorong minat menabung seorang muslim di bank syariah. Tingginya promosi terhadap seorang muslim tentang bank syariah akan meningkatkan minat orang tersebut untuk menabung di bank syariah.

The Existence of Islamic Fintech in Encouraging National Economic Growth

Jurnal Ilmiah Ekonomi Islam, 2022

This article aims to identify the role of Islamic fintech (peer-to-peer lending) in influencing I... more This article aims to identify the role of Islamic fintech (peer-to-peer lending) in influencing Indonesia's economic growth. Economic growth is proxied by the growth rate of gross domestic product (GDP), while sharia fintech assets are used as indicators of peer-to-peer (P2P) lending based on sharia information technology. The relationship between the short-term and long-term effects of Islamic fintech P2P lending and economic growth was measured using the vector error correction model (VECM) method. The results of the analysis of the VECM results show that in the long term, every 1 billion increase in Islamic fintech assets will increase economic growth by 0.108%. Furthermore, the short-term effect was found that economic growth was significantly influenced by economic growth in the previous period (55.7%), economic growth in the previous three periods (-62.2%), and the growth of Islamic fintech assets in the previous two periods (0.09%). These results provide input to regulators and the government that the development of fintech P2P lending has an undeniable influence on economic growth, so that the preparation of regulations, ecosystem infrastructure and consumer protection is an important priority to ensure that the objectives of achieving monetary policy on economic growth can be controlled.

Analysis of Factors Affecting Murabahah Financing in Shariah Commercial Bank

International Conference for Emerging Markets (ICEM), 2013

This research aimed to evaluate the affecting of Third-Party Funds, Non-Performing Financing (NPF... more This research aimed to evaluate the affecting of Third-Party Funds, Non-Performing Financing (NPF), Murabaha Margin, Inflation, BI Rate and Growth of GDP to Murabaha Financing in Syariah Commercial Bank period 2009-2013. In this research, Third-Party Funds, Non-Performing Financing, Murabaha Margin, Inflation, BI Rate and Growth of GDP are independent variables, whereas Murabaha Financing is the dependent variable. Data
analysis using panel data regresion. The results showed that the variables Third-Party Funds, Non-Performing Financing, Murabaha Margin, Inflation, BI Rate and Growth of GDP simultaneously have a significant affecting on Murabaha Financing. Contrary, the findings in partial showed that Third-Party Fund, Non-Performing Financing, Murabaha Margin, Inflation and Growth of GDP significant affecting on murabaha financing. The coefficient of determination is 0.963958, meaning that the independent variables Third-Party Funds, Non-Performing Financing, Murabaha Margin, Inflation, BI Rate Growth of GDP simultaneously affect Murabaha Financing amounting to 96.39 percent, while the remaining 3.61 percent
affected by other factors not included in this research model.

Faktor Pengetahuan dan Religiusitas Generasi Z Terhadap Minat Menabung di Bank Syariah

Malia: Jurnal Ekonomi Islam, 2021

This study aims to determine the knowledge and religiosity of Generation Z on interest in saving ... more This study aims to determine the knowledge and religiosity of Generation Z on interest in saving in Islamic banks. The data used are primary data using purposive sampling technique. The results of the multiple linear analysis test show that knowledge and religiosity variables can affect customer interest in saving in Islamic banks by 80.4%. These results provide opportunities for Islamic banks to increase knowledge by way of socializing about Islamic banks to the public. then by participating in religious activities, it can increase religiosity, so that people's interest in saving in Islamic banks is increasing.

Peran Layanan Mobile Banking dalam Meningkatkan Kepuasan dan Loyalitas Nasabah Bank Syariah

by Muhammad Iqbal and Muhammad Iqbal

Jurnal Muhammadiyah Manajemen Bisnis, 2021

Penelitian ini bertujuan mengetahui kualitas layanan mobile banking dalam meningkatkan kepuasan n... more Penelitian ini bertujuan mengetahui kualitas layanan mobile banking dalam meningkatkan kepuasan nasabah dan dampaknya terhadap loyalitas nasabah bank syariah. Metode Partial Least Square (PLS) digunakan sebagai metode analisis data guna mengetahui sejauh mana peningkatan kepuasan nasabah dapat berperan sebagai variabel intervening dalam mempengaruhi kualitas layanan terhadap loyalitas nasabah. Sampel penelitian diperoleh dari nasabah Bank Syariah Mandiri kantor cabang Tomang. Hasil penelitian ini menunjukkan bahwa kualitas layanan mobile banking berpengaruh signifikansi terhadap kepuasan nasabah namun tidak berpengaruh langsung terhadap loyalitas nasabah. Meskipun demikian, kualitas layanan mobile banking tetap berpengaruh secara tidak langsung terhadap loyalitas nasabah melalui peran kepuasan nasabah. Hal ini menunjukkan bahwa kepuasan nasabah memediasi kualitas layanan mobile banking terhadap loyalitas nasabah bank syariah Kata kunci: kualitas layanan mobile banking, kepuasan nasabah, loyalitas nasabah

The Role of Islamic Fintech P2PL in Increasing Inclusion and Financial Literacy of MSMEs

by Muhammad Iqbal and Neni Dwijayanti

Journal of Islamic Finance, 2022

This study aims to analyze the role of Islamic financial technology (fintech) peer-to-peer lendin... more This study aims to analyze the role of Islamic financial technology (fintech) peer-to-peer lending (P2PL) in increasing the inclusion and financial literacy of Micro, Small, and Medium Enterprises (MSMEs). The presence of fintech in Indonesia provides various benefits, especially when the unbankable is still widely spread in various regions. No exception for MSME players, P2PL fintech services provides an easier option for them to get access to funding. The research sample is on three P2PL-based fintech that uses Shariah principles in Indonesia. Data were obtained through interviews and relevant literature sources. The analytical method used is descriptive qualitative. The results of the study show that there are at least four roles that Shariah P2PL fintech can do to increase MSMEs financial inclusion, such as: providing digital-based financial services, facilitating financing application requirements, collaborating with various businesses groups, and collaborating with digital ecosystems. Meanwhile, to improve literacy, P2PL fintech socializes to regions, holds seminars and webinars, uses digital media to optimize fintech, and plays an active role in financial inclusion activities organized by various parties.

Optimization of Profit-Sharing Financing at Islamic Banking in Indonesia

Journal of Finance and Banking, 2021

The purpose of this study is to identify factors that can encourage an increase in profitsharing ... more The purpose of this study is to identify factors that can encourage an increase in profitsharing financing. These factors are third-party funds in the form of mudharabah deposits, non-performing financing, equivalent rate, operational efficiency ratio, economic growth, and inflation. The research method uses a co-integration and error correction model (ECM) with a sample of the Islamic banking industry in Indonesia from the first quarter of 2015 to the third quarter of 2020. The results show that the factors that encourage profit-sharing financing are the growth of third-party funds in the form of mudharabah deposits, nonperforming low funding, low equivalent rate, operational efficiency, and economic growth. These factors are the key to driving the growth of profit-sharing financing. This research contributes to providing various alternative strategies in encouraging the growth of profitsharing financing, such as increasing retained earnings from profit, providing attractive profit-sharing incentives, transparency of financial reports to attract people to invest in Islamic banks, prevention and supervision of non-performing financing, be careful in determining the ratio by taking into account several internal and external aspects, as well as paying attention to the movements of existing economic growth.

Islamic Fintech Growth Prospects in Accelerating MSMEs Growth during the Covid-19 Pandemic: Evidence in Indonesia

by Muhammad Iqbal and Prameswara Samofa

International Journal of Islamic Economics and Finance Studies, 2021

Islamic fintech plays a role in encouraging the growth of MSMEs in Indonesia with its financing s... more Islamic fintech plays a role in encouraging the growth of MSMEs in Indonesia with its financing segment. The more Islamic fintech develops, the faster the growth of MSMEs in Indonesia will be. This study aims to identify macroeconomic factors such as gross domestic product (GDP), interest rates, and inflation in encouraging the growth of Islamic fintech. Using the OLS regression method, the results show that GDP has a positive effect on the growth of Islamic fintech, while interest rates have a negative effect on the growth of Islamic fintech. Improving macroeconomic conditions will encourage the growth of Islamic fintech which will ultimately contribute to the growth of MSMEs which are the main segment of Islamic fintech financing. In general, the growth of Islamic fintech assets in Indonesia tends to decline in line with the decline in GDP during the Covid-19 pandemic period. However, fintech assets can still grow, supported by declining interest rates and other factors such as the growth of the digital ecosystem in Indonesia.

Kebijakan Office Channeling dan Spin Off: Stimulan Perbankan Syariah

Aliansi : Jurnal Manajemen dan Bisnis, 2014

The purpose of research is to see the effect of policy office channeling funds and spin off to th... more The purpose of research is to see the effect of policy office channeling funds and spin off to the third party and its effect on the growth of Islamic banking assets. Methods multiple linear regression was used as a model to identify independent variables sharia bank deposits, BI rate and inflation rate of the dependent variable the growth of Islamic banking assets. The results of multiple linear regression showed that only the growth of thirdparty funds significant that influence the growth of Islamic banking assets. Chow test is used to identify any changes in independent variables affect the dependent variable showed that the office channeling and spin off a significant effect in changing the behavior of third-party funds to encourage the growth of Islamic banking assets. Influence policy office channeling more rapid response by national banks rather than spin off policy. However effect spin-off policy is much greater in influencing the growth of Islamic banking assets.

Synergy of Sharia Bank and Financial Technology in Development of Micro, Small and Medium Businesses in Indonesia

Jurnal Reviu Akuntansi dan Keuangan, 2020

The purpose of this study is to analyze the synergy between sharia bank and fintech to effort and... more The purpose of this study is to analyze the synergy between sharia bank and fintech to effort and develop micro, small and medium enterprises (MSMEs) in Indonesia. Data and information were obtained through interview to expert respondents in their fields such as BNI Syariah, Ammana Fintek Syariah and the Otoritas Jasa Keuangan (OJK). This study has been conducted from July 2018 to March 2019. To provide a deep understanding, this study uses a qualitative approach. The results of the study to show that the opportunity to create synergy between Sharia Bank and Sharia Fintech in order to develop MSMEs in Indonesia is still very wide open. This synergy can be done through several existing patterns or synergy models, including through cross-selling schemes, channeling, references, shadow investors, outsourcing platform and Fintech consortium. The benefits of this synergy include empowering MSMEs, facilitating financial services that are practical, comfortable, safe, have speed, sophistication and up-to-date and are more efficient. The challenges ahead are in terms of human resources competence and support from regulators for policy relaxation. Risks that must be properly mitigated from these synergies, such as the risk of credibility, technology, default and operations.

Increasing Community Awareness and Intention in Encouraging The Growth of Cash Waqf

Economica: Jurnal Ekonomi Islam, 2019

This study aims to identify factors that determine the awareness, intention and decision of the I... more This study aims to identify factors that determine the awareness, intention and decision of the Indonesian people to cash waqf. Data collection techniques using purposive sampling with PLS (Partial Least Squared) method as a data analysis tool in this study includes a path analysis model. The results obtained show that the social environment and understanding affect one's awareness and interest in cash waqf. The emergence of awareness and intention will encourage the person to carry out cash waqf. While the promotion of cash waqf does not affect awareness and intentions which in the end will not encourage someone to cash waqf.

Upaya Fintech Syariah Mendorong Akselerasi Pertumbuhan UMKM di Indonesia

Jurnal Ilmiah Ekonomi Islam, 2021

Compared to other Islamic financial institutions, Islamic fintech has several advantages in accel... more Compared to other Islamic financial institutions, Islamic fintech has several advantages in accelerating the growth of SMEs in Indonesia. However, the existence of Islamic fintech cannot be separated from various problems. The purpose of this study is to find solutions to these problems, seen from many aspects, such as regulations, human resources, and public perceptions and the potential for fraud. The method used is qualitative with two approaches to data analysis, interactive models and SWOT analysis. The results of data analysis formulated at least three strategies. First, strengthening the ecosystem between Islamic fintech, government, academics and civil society, including sharia fintech customers and Islamic banks. Second, optimizing the potential of sharia fintech in managerial skills and sharia contract capacity. Third, the massive and targeted socialization and promotion of Islamic fintech.

Perbandingan Pengelolaan Risiko Kredit Perbankan Syariah dan Perbankan Konvensional

Journal of Finance and Banking, 2017

This study aims to identify factors that can be used as indicators in reducing the incidence of c... more This study aims to identify factors that can be used as indicators in reducing the incidence of credit risk in sharia banking and conventional banking. The variables that become observations include banking performance in each group and macroeconomic performance. The banking performance variables include credit risk itself as measured by problem financing, growth in financing, growth in third party funds, and banking size. While macroeconomic variables include national income, interest rates, and inflation. Autoregressive and distributed lag methods are used to identify which variables can be used as indicators. The results showed that all identified factors can be an indicator in the process of credit risk control both in sharia banking and conventional banking. Only credit growth in conventional banking alone can't be used as an indicator of credit risk control.

Analisis Perbandingan Kinerja Keuangan Perbankan Syariah dengan Perbankan Konvensional

Episteme, Dec 1, 2012

Berdasarkan dari kriteria sampel yang telah ditentukan, diperoleh dua kelompok sampel penelitian,... more Berdasarkan dari kriteria sampel yang telah ditentukan, diperoleh dua kelompok sampel penelitian, yaitu 2 bank umum syariah dan 6 bank umum konvensional. Alat analisis statistik yang digunakan untuk membuktikan hipotesis dalam penelitian ini adalah independent sample t-test. Analisis yang dilakukan menunjukkan bahwa ratarata rasio keuangan perbankan syariah (ROA, ROE dan LDR) lebih baik secara signifikan dibandingkan dengan perbankan konvensional, sedangkan pada rasio-rasio yang lain perbankan syariah lebih rendah kualitasnya. Secara keseluruhan penilaian kinerja bank syariah masih berada di atas atau lebih baik dibandingkan dengan bank konvensional.

Determinants of Credit Risk Diversification in Indonesian Banking Industry

Journal of Seybold Report, 2020

This study aimed to identify the effect of credit diversification based on the type of use and ... more This study aimed to identify the effect of credit diversification based on the type of use
and economic sector on credit risk with Good Corporate Governance (GCG) as moderation and size as a variable control. This study used secondary data from banks, which are the lead entities of financial conglomerates listed on the Indonesia Stock Exchange in 2015-2017 with a purposive sampling technique. The data was analyzed using panel data regression. The results showed that GCG could strengthen the effect of credit risk diversification based on the type of use (HHI₁) and the economic sector (HHI₂) on credit risk (NPL). Size has a positive and significant effect on NPL, but risk diversification based on the type of use (HHI₁) and economic sector (HHI₂) is not significant on Non-Performing Loan (NPL).