ANALISIS PENGARUH TRANSMISI SUKU BUNGA DAN BAGI HASIL TERHADAP TOTAL PEMBIAYAAN PERBANKAN SYARIAH DI INDONESIA

Abstract

Islamic banking is a bank that does not operate using the interest rates system. In Indonesia sharia banking is referred to the bank that operates in interest free banking, with that system, syaria banks expected to be more resistant to shock resulted by the movement of interest rates. Proven on the crisis of 1998 and 2008, sharia banks still continue to grow. But on the slowing economy in 2013-2015 sharia banking shows movement along with the condition of the deceleration of the domestic economy. This research aims to see the effect of slowing economy that is transmitted through the transmission of monetary policy which later will bring impact on the total financing of sharia banking. The process from domestic economic condition and inflation will give the influence on the transmission of interest rate along with the transmission of profit/loss sharing the results will affects the total financing. The Data used in this study is a secondary data in the form of time series quarterly started from 2007.Q1 until 2016.Q2. Method that will be used to answer the research in this study is the Vector Error Correction Models (VECM). The results of the study showed that the transmission of profit/loss sharing proxy by SBIS, PUAS and the condition of the domestic economic proxied by inflation and real PDB gave contribution of 21.7% and 11.6% on the movement of the total financing of sharia banking. While the shock that occurs from that instrument also has an impact on the sharia banking financing variables which at least takes minimum 14 Period to stabilizing. Based on the results, keeping control the variables profit/loss sharing transmission and the condition of the domestic economy is expected to be able to maintain the stabilize movement of the sharia banking financing.