Determinan Risiko Pembiayaan Bagi Hasil Pada Bank Umum Syariah di Indonesia
Keywords:
Non-Performing Financing, Returns, Profit Sharing Contracts, Risk Sector Financing, Capital Regulations.
Abstract
This study aims to determine the effect of bank-specific and macroeconomic factors on financing risk for Islamic Commercial Banks. The financing risk in the previous study focused more on the overall financing risk involving the bank's internal and macroeconomic aspects, either separately or together. There is still limited research that examines financing specifically, both the use of these two factors separately or together, especially on the risk of profit-sharing financing. This study will complement the literature on the above issues. This study uses quantitative methods with panel data regression analysis using quarterly financial ratio data from Islamic Commercial Banks in Indonesia for the period 2012-2020. The results showed that the dominant bank-specific factor influenced the risk of profit-sharing financing, while the macroeconomic factor was only inflation which showed a significant effect.
References
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Abusharbeh, M.T. (2014). Credit Risks and Profitability of Islamic Banks: Evidence from Indonesia. World Review of Business Research Vol. 4. No. 3. October 2014 Issue. Pp. 136 – 147
Abid. L., Ouertani, M. N., & Zouari-Ghorbel, S. (2014). Macroeconomic and Bank-spesifik Determinants of Household’s Non-performing Loans in Tunisia: A Dynamic Panel Data. Procedia Economics and Finance, 13, 58–68. http://doi.org/10.1016/S2212-5671(14)00430-4
Ahmad, N.H. & Ahmad, S.Nizam. (2004). Key Factors Influencing Credit Risk Of Islamic Bank: A Malaysian Case. Proceedings of The National Seminars In Islamic Banking & Finance (IBAF). Malaysia: Intel Multimedia And Publications.
Ahmed, N., Ahtar, MF, & Usman, M. (2011). Risk management practices and Islamic banks: Empirical investigations from Pakistan. Jurnal Penelitian Interdisipliner di Indonesia Bisnis, 1 (6), 50-57.
Ahmad, N., Ariff, M. (2007). Multi-country study of Bank Credit Risk determinants, International Journal of Banking and Finance, 5 (1), 135-152.
Ali, A. & Ghauri, S. P. (2013). Global crisis and credit risk management by banks: A comparative study of banks in Pakistan. International Journal of Business and Economics Research, 2(6): 158-168.
Al-Smadi, M. O. M. (2010). Credit Risk, Macroeconomic and Bank Specific Factors in Jordanian Banks. PhD Thesis, Universiti Utara Malaysia.
Al-Wesabi, H. A. H., & Ahmad, N. H. (2013). Credit risk of Islamic banks in GCC countries, 10(2).
Antonio, M.S. (2001). Bank Syariah: Dari Teori ke Praktek. Cetakan 1. Jakarta.
Atanasijevic, J., & Bozovic, M. (2016). Exchange rate as a determinant of corporate loan defaults in a Euroized economy: Evidence from micro-level data. Eastern European Economics, 54, 228–250.
Apergis, N. (2014). The long-term role of non-traditional banking in profitability and risk profiles: Evidence from a panel of US Banking Institutions. Journal of International Money and Finance 45, 61-73.
Ascarya, D. Yumanita. (2006). Akad dan Produk Bank Syariah: Konsep dan Praktek di Beberapa Negara. Bank Indonesia.
Ascarya, D. Yumanita. (2009). Formulasi Stabilitas Sistem Keuangan Ganda di Indonesia. Bank Indonesia Working Paper Series 11/2009, November 2009. Jakarta: Pusat Pendidikan dan Studi Kebanksentralan, Bank Indonesia.
Athanasoglou, P.P., Brissimis, S.N., Delis, M.D. (2008). Bank-specific, industry-specific and macroeconomic determinants of bank profitability. Journal of International Financial Markets, Institutions and Money 18, 121-136.
Baele, L., Farooq, M. and Ongena, S., (2010). “Of religion and redemption: evidence from default on Islamic loans”, Working Paper.
Bank Indonesia. (2012). Outlook Perbankan Syariah Indonesia.
Bank Indonesia. (2014). Kajian Stabilitas Keuangan, No. 23 September 2014.
Bank Indonesia. (2019). Kajian Stabilitas Keuangan, No. 23 September 2014. Bank Indonesia, Jakarta.
Bank for International Settlement. (2000). Principles for the management of credit risk. Basel.
Berger, A. N. & DeYoung, R. (1997). “Problem Loans and Cost Efficiency in Commercial Banks”. Journal of Banking and Finance, 21.849 – 870.
Chapra, M. U. & Khan, T. (2000). Regulation and supervision of Islamic banks. Jeddah: Islamic Development Bank-Islamic Research and Training Institute.
Castro, V., (2013). Macroeconomic determinants of the credit risk in the banking system: The case of the GIPSI. Econ. Model. 31, 672–683.
Chaibi, H & Ftiti, Z. (2015) Credit risk determinants: Evidence from a cross-country study. Research in International Business and Finance, 33. 1–16.
Chong, B. S., & Liu, M.-H. (2009). Islamic banking: Interest-free or interest-based? Pacific-Basin Finance Journal, 17(1), 125–144.
Farook, S., Hassan, M. K., & Clinch, G. (2014). Islamic bank incentives and discretionary loan loss provisions. Pacific-Basin Finance Journal, 28, 152–174.
Funso, K.T., Kolade A.R., and Ojo O.M. (2012). Credit Risk and Commercial Bank’sFerformance in Nigeria: A Panel Model Approach. Australian Journal of Business and Management Research, 2(2), 31-38.
Fleifel, B. A. (2009). Risk management in Islamic banking and finance: The Arab finance house example. An unpublished thesis submitted to the University of North Carolina Wilmington, USA.
Gashi, B. (2021). Impact of Bank Specific and Macro Determinants on Non-performing Loans of Polish Banking Sector. Journal of Икономически изследвания. Issue 7, p.129-147.
Hart, O., & Moore, J. (1998). Default and Renegotiation: A Dynamic Model of Debt. The Quarterly Journal of Economics, Volume 113, Issue 1, February 1998, Pages 1–41.
Irina, B., & Angela, R. (2016). Effects of macroeconomic factors on bank loans quality: Evidence from Central and Eastern European countries. Entrepreneurship, Business and Economics, 2. 571–584.
Kabir, M. N., Worthington, A., & Gupta, R. (2015). Comparative credit risk in Islamic and conventional bank. Pacific-Basin Finance Journal, 34, 327–353.
Khan, T. and Ahmed H (2001), Risk Management –An Analysis of Issues in Islamic Financial Industry, Islamic Development bank-Islamic Research and Training Institute, Occasional Paper no.5 Jeddah.
Khemraj, T. & Pasha, S. (2010). The determinants of non-performing loans: An econometric case study of Guyana. Paper presented at The Caribbean Centre for Banking and Finance Bi-Annual Conference on Banking and Finance, St. Augustine, Trinidad.
Khemraj, T., & Pasha, S. (2016). Determinants of nonperforming loans in Guyana. In A. V. Gevorkyan & O. Canuto (Eds.), Financial deepening and post-crisis development in emerging markets (pp. 169–187). New York: Palgrave Macmillan US.
Louzis, Dimitrios P., A.T. Vouldis, and V.L. Metaxas (2011). Macroeconomic and Bank-spesifik Determinants of Nonperforming Loans in Greece: A Comparative Study of Mortgage, Business, and Consumer Loan Portfolios, Bank of Greece Working Paper 118 (Athens: Bank of Greece).
Louzis, Dimitrios P., A.T. Vouldis, and V.L. Metaxas (2012). Macroeconomic and bank-specific determinant of non-performing loans in Greece: A comparative study of mortage, business and consumer loan portofolios. Journal of Banking & Finance. Volumen 36, Issue 4, pages 1012-1027
Maizan, S.A.M. (2021). Analysis Of Credit Risk on Islamic and Commercial Banks In Malaysia. Journal of Academia. Vol.9 No.2.
Mills, P. S. and Presley, J.R. (1999). “Islamic finance: Theory and practice”, Macmillan, London.
Misman. (2012). Financing structure, bank specific variabel and credit risk: Malaysian islamic banks. Journal of Business and Policy Research, 7(1). 102-114
Nkusu, M., (2011). Non-performing loans and macrofinancial vulnerabilities in advanced economies. IMF Working Paper 11/161.
Rahman dan Shahimi. (2010). Credit Risk and Financing Structure of Malaysian Islamic Banks. Journal of Economic Cooperation and Development, Vol. 31, 3 p.83-105
Ramli, R., Febrian, E., Anwar, M., and Masyita, D. (2020). Risk Determinant of Musharakah Financing: A Study in Indonesia. ACRN Journal of Finance and Risk Perspectives, Vol. 9. P45-56.
Reinhart, C., Rogoff, K., (2010). From financial crash to debt crisis. NBER Working Paper 15795.
Sobarsyah, M., et al. (2020). Loan growth, capitalization, and credit risk in Islamic banking. International Economics Journal. 163, 155-162.
Samuelson, P.A., & Nordhaus, W.D. (2001). Macroeconomics. Jakarta PT. Media Edukasi.
Salas, V., Saurina, J., (2002). Credit risk in two institutional regimes: Spanish Commercial and savings banks. J. Financ. Serv. Res. 22, 203–224.
Srairi, S .(2013). Ownership structure and risk-taking behaviour in conventional and Islamic banks: Evidence for MENA countries. Borsa Istanbul Review 13 (2013) 115e127.
Stiglitz, J. E. (1974). Incentives and Risk Sharing in Sharecropping. National Science Foundation and Ford Foundation.
Ullah, A., Fayaz, M., Ullah, N. (2021). Factors Affecting Risk of Musharākah Financing: Evidence from Pakistani Data. Burjis Journal: Vol. 8, Issue 1.
Waemustafa, W., & Sukri, S. (2015). Bank Spesifik and Macroeconomics Dynamic Determinants of Credit Risk in Islamic Banks and Conventional Banks, 5(2), 476–481.
Warninda, et al. (2019). Do Mudarabah and Musharakah Financing Impact Islamic Bank Credit Risk Differently? Research in International Businessand Finance.
Wu, W.C., Chang, C.O., & Selvili, Z. (2003). Banking System, Real Estate Markets, and Nonperforming Loans.
Zribi, N., & Boujelbène, Y. (2011). The factors influencing bank credit risk: the case of Tunisia. Journal of Accounting and Taxation Vol.3(4), 70–78
Abusharbeh, M.T. (2014). Credit Risks and Profitability of Islamic Banks: Evidence from Indonesia. World Review of Business Research Vol. 4. No. 3. October 2014 Issue. Pp. 136 – 147
Abid. L., Ouertani, M. N., & Zouari-Ghorbel, S. (2014). Macroeconomic and Bank-spesifik Determinants of Household’s Non-performing Loans in Tunisia: A Dynamic Panel Data. Procedia Economics and Finance, 13, 58–68. http://doi.org/10.1016/S2212-5671(14)00430-4
Ahmad, N.H. & Ahmad, S.Nizam. (2004). Key Factors Influencing Credit Risk Of Islamic Bank: A Malaysian Case. Proceedings of The National Seminars In Islamic Banking & Finance (IBAF). Malaysia: Intel Multimedia And Publications.
Ahmed, N., Ahtar, MF, & Usman, M. (2011). Risk management practices and Islamic banks: Empirical investigations from Pakistan. Jurnal Penelitian Interdisipliner di Indonesia Bisnis, 1 (6), 50-57.
Ahmad, N., Ariff, M. (2007). Multi-country study of Bank Credit Risk determinants, International Journal of Banking and Finance, 5 (1), 135-152.
Ali, A. & Ghauri, S. P. (2013). Global crisis and credit risk management by banks: A comparative study of banks in Pakistan. International Journal of Business and Economics Research, 2(6): 158-168.
Al-Smadi, M. O. M. (2010). Credit Risk, Macroeconomic and Bank Specific Factors in Jordanian Banks. PhD Thesis, Universiti Utara Malaysia.
Al-Wesabi, H. A. H., & Ahmad, N. H. (2013). Credit risk of Islamic banks in GCC countries, 10(2).
Antonio, M.S. (2001). Bank Syariah: Dari Teori ke Praktek. Cetakan 1. Jakarta.
Atanasijevic, J., & Bozovic, M. (2016). Exchange rate as a determinant of corporate loan defaults in a Euroized economy: Evidence from micro-level data. Eastern European Economics, 54, 228–250.
Apergis, N. (2014). The long-term role of non-traditional banking in profitability and risk profiles: Evidence from a panel of US Banking Institutions. Journal of International Money and Finance 45, 61-73.
Ascarya, D. Yumanita. (2006). Akad dan Produk Bank Syariah: Konsep dan Praktek di Beberapa Negara. Bank Indonesia.
Ascarya, D. Yumanita. (2009). Formulasi Stabilitas Sistem Keuangan Ganda di Indonesia. Bank Indonesia Working Paper Series 11/2009, November 2009. Jakarta: Pusat Pendidikan dan Studi Kebanksentralan, Bank Indonesia.
Athanasoglou, P.P., Brissimis, S.N., Delis, M.D. (2008). Bank-specific, industry-specific and macroeconomic determinants of bank profitability. Journal of International Financial Markets, Institutions and Money 18, 121-136.
Baele, L., Farooq, M. and Ongena, S., (2010). “Of religion and redemption: evidence from default on Islamic loans”, Working Paper.
Bank Indonesia. (2012). Outlook Perbankan Syariah Indonesia.
Bank Indonesia. (2014). Kajian Stabilitas Keuangan, No. 23 September 2014.
Bank Indonesia. (2019). Kajian Stabilitas Keuangan, No. 23 September 2014. Bank Indonesia, Jakarta.
Bank for International Settlement. (2000). Principles for the management of credit risk. Basel.
Berger, A. N. & DeYoung, R. (1997). “Problem Loans and Cost Efficiency in Commercial Banks”. Journal of Banking and Finance, 21.849 – 870.
Chapra, M. U. & Khan, T. (2000). Regulation and supervision of Islamic banks. Jeddah: Islamic Development Bank-Islamic Research and Training Institute.
Castro, V., (2013). Macroeconomic determinants of the credit risk in the banking system: The case of the GIPSI. Econ. Model. 31, 672–683.
Chaibi, H & Ftiti, Z. (2015) Credit risk determinants: Evidence from a cross-country study. Research in International Business and Finance, 33. 1–16.
Chong, B. S., & Liu, M.-H. (2009). Islamic banking: Interest-free or interest-based? Pacific-Basin Finance Journal, 17(1), 125–144.
Farook, S., Hassan, M. K., & Clinch, G. (2014). Islamic bank incentives and discretionary loan loss provisions. Pacific-Basin Finance Journal, 28, 152–174.
Funso, K.T., Kolade A.R., and Ojo O.M. (2012). Credit Risk and Commercial Bank’sFerformance in Nigeria: A Panel Model Approach. Australian Journal of Business and Management Research, 2(2), 31-38.
Fleifel, B. A. (2009). Risk management in Islamic banking and finance: The Arab finance house example. An unpublished thesis submitted to the University of North Carolina Wilmington, USA.
Gashi, B. (2021). Impact of Bank Specific and Macro Determinants on Non-performing Loans of Polish Banking Sector. Journal of Икономически изследвания. Issue 7, p.129-147.
Hart, O., & Moore, J. (1998). Default and Renegotiation: A Dynamic Model of Debt. The Quarterly Journal of Economics, Volume 113, Issue 1, February 1998, Pages 1–41.
Irina, B., & Angela, R. (2016). Effects of macroeconomic factors on bank loans quality: Evidence from Central and Eastern European countries. Entrepreneurship, Business and Economics, 2. 571–584.
Kabir, M. N., Worthington, A., & Gupta, R. (2015). Comparative credit risk in Islamic and conventional bank. Pacific-Basin Finance Journal, 34, 327–353.
Khan, T. and Ahmed H (2001), Risk Management –An Analysis of Issues in Islamic Financial Industry, Islamic Development bank-Islamic Research and Training Institute, Occasional Paper no.5 Jeddah.
Khemraj, T. & Pasha, S. (2010). The determinants of non-performing loans: An econometric case study of Guyana. Paper presented at The Caribbean Centre for Banking and Finance Bi-Annual Conference on Banking and Finance, St. Augustine, Trinidad.
Khemraj, T., & Pasha, S. (2016). Determinants of nonperforming loans in Guyana. In A. V. Gevorkyan & O. Canuto (Eds.), Financial deepening and post-crisis development in emerging markets (pp. 169–187). New York: Palgrave Macmillan US.
Louzis, Dimitrios P., A.T. Vouldis, and V.L. Metaxas (2011). Macroeconomic and Bank-spesifik Determinants of Nonperforming Loans in Greece: A Comparative Study of Mortgage, Business, and Consumer Loan Portfolios, Bank of Greece Working Paper 118 (Athens: Bank of Greece).
Louzis, Dimitrios P., A.T. Vouldis, and V.L. Metaxas (2012). Macroeconomic and bank-specific determinant of non-performing loans in Greece: A comparative study of mortage, business and consumer loan portofolios. Journal of Banking & Finance. Volumen 36, Issue 4, pages 1012-1027
Maizan, S.A.M. (2021). Analysis Of Credit Risk on Islamic and Commercial Banks In Malaysia. Journal of Academia. Vol.9 No.2.
Mills, P. S. and Presley, J.R. (1999). “Islamic finance: Theory and practice”, Macmillan, London.
Misman. (2012). Financing structure, bank specific variabel and credit risk: Malaysian islamic banks. Journal of Business and Policy Research, 7(1). 102-114
Nkusu, M., (2011). Non-performing loans and macrofinancial vulnerabilities in advanced economies. IMF Working Paper 11/161.
Rahman dan Shahimi. (2010). Credit Risk and Financing Structure of Malaysian Islamic Banks. Journal of Economic Cooperation and Development, Vol. 31, 3 p.83-105
Ramli, R., Febrian, E., Anwar, M., and Masyita, D. (2020). Risk Determinant of Musharakah Financing: A Study in Indonesia. ACRN Journal of Finance and Risk Perspectives, Vol. 9. P45-56.
Reinhart, C., Rogoff, K., (2010). From financial crash to debt crisis. NBER Working Paper 15795.
Sobarsyah, M., et al. (2020). Loan growth, capitalization, and credit risk in Islamic banking. International Economics Journal. 163, 155-162.
Samuelson, P.A., & Nordhaus, W.D. (2001). Macroeconomics. Jakarta PT. Media Edukasi.
Salas, V., Saurina, J., (2002). Credit risk in two institutional regimes: Spanish Commercial and savings banks. J. Financ. Serv. Res. 22, 203–224.
Srairi, S .(2013). Ownership structure and risk-taking behaviour in conventional and Islamic banks: Evidence for MENA countries. Borsa Istanbul Review 13 (2013) 115e127.
Stiglitz, J. E. (1974). Incentives and Risk Sharing in Sharecropping. National Science Foundation and Ford Foundation.
Ullah, A., Fayaz, M., Ullah, N. (2021). Factors Affecting Risk of Musharākah Financing: Evidence from Pakistani Data. Burjis Journal: Vol. 8, Issue 1.
Waemustafa, W., & Sukri, S. (2015). Bank Spesifik and Macroeconomics Dynamic Determinants of Credit Risk in Islamic Banks and Conventional Banks, 5(2), 476–481.
Warninda, et al. (2019). Do Mudarabah and Musharakah Financing Impact Islamic Bank Credit Risk Differently? Research in International Businessand Finance.
Wu, W.C., Chang, C.O., & Selvili, Z. (2003). Banking System, Real Estate Markets, and Nonperforming Loans.
Zribi, N., & Boujelbène, Y. (2011). The factors influencing bank credit risk: the case of Tunisia. Journal of Accounting and Taxation Vol.3(4), 70–78
Published
2022-10-24
How to Cite
Ramli, R., & Desmiza. (2022). Determinan Risiko Pembiayaan Bagi Hasil Pada Bank Umum Syariah di Indonesia . Al-Mashrafiyah: Jurnal Ekonomi, Keuangan, Dan Perbankan Syariah, 6(2), 12-23. https://doi.org/10.24252/al-mashrafiyah.v6i2.31847
Section
AL-MASHRAFIYAH VOLUME 6 NOMOR 2 (2022)
Copyright (c) 2022 Rosmini Ramli, Desmiza
This work is licensed under a Creative Commons Attribution 4.0 International License.
