Article Sidebar

Submitted
December 10, 2019
Accepted
December 10, 2019
Published
December 30, 2019
Download
PDF
Statistic
Read Counter : 79 Download : 97

Main Article Content

Abstract

The main objective of this study is to examine the variables that can affect the performance of Islamic Commercial Banks. Banks are required to choose management plans that can minimize the required costs and maximize the generated profits. The variables under consideration are foreign ownership, changes in the exchange rate of the Indonesian Rupiah against the US Dollar, and corporate zakat expenditure, which will be tested for their impact on the level of profitability (ROA) and efficiency (BOPO) of Indonesian Islamic Commercial Banks. This study uses panel secondary data and a purposive sampling method, which includes eleven Islamic Commercial Banks in Indonesia from 2011 to 2014. The analysis method used is multiple linear regression. The results of this study conclude that the research model simultaneously affects the ROA and BOPO of the bank. Partially, foreign ownership has a negative impact on the ROA and BOPO of the bank. Changes in the appreciation/depreciation of the Rupiah-US Dollar have a negative impact on the ROA of the bank but a positive impact on the BOPO of the bank. In addition, corporate zakat expenditure has a positive impact on the ROA of the bank, but it has no effect on the BOPO of the bank.

Keywords

Profitability Efficiency Return on Assets Operational Expenses to Operating Income Foreign Ownership Exchange Rate Corporate Zakat

Article Details

License

Copyright (c) 2019 Fahmi Irfan

Creative Commons License

This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

Authors who publish with this journal agree to the following terms:

  1. Authors retain copyright and grant the journal right of first publication with the work simultaneously licensed under a Creative Commons Attribution License that allows others to share the work with an acknowledgement of the work's authorship and initial publication in this journal.
  2. Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgement of its initial publication in this journal.
  3. Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work (See The Effect of Open Access).
How to Cite
Irfan, F. (2019). Impact of Foreign Ownership, Exchange Rate, and Zakat on the Performance of Sharia Commercial Banks in Indonesia. Journal of Islamic Economics Lariba, 5(2), 165–190. https://doi.org/10.20885/jielariba.vol5.iss2.art5
Download Citation
Endnote/Zotero/Mendeley (RIS)
BibTeX
Crossref
Scopus
Google Scholar
Europe PMC

References

  1. Alamsyah, H. (2012). Perkembangan dan Prospek Perbankan Syariah Indonesia: Tantangan Dalam Menyongsong MEA 2015. Milad ke-8 Ikatan Ahli Ekonomi Islam (IAEI).

  2. Amirah & Raharjo, T.B. (2014). Pengaruh Alokasi Dana Zakat Terhadap Kinerja Keuangan Perbankan Syariah. Seminar Nasional dan Call For Paper Program Studi Akuntansi-FEB UMS, 25 Juni 2014, 47-64. http://hdl.handle.net/11617/4730

  3. Anas, E. & Mounira, B.A. (2009). Ethical Investment and the Social Responsibilities of the Islamic Banks. International Business Research, 2(2), 123-130. https://doi.org/10.5539/ibr.v2n2p123

  4. Artisa, D.A. (2014). Pengaruh Corporate Social Responsibility (CSR) Terhadap Biaya Operasional Dan Profitabilitas (Studi Pada Perusahaan Tekstil dan Garment yang Terdaftar di Bursa Efek Indonesia Tahun 2011-2012). Skripsi, Universitas Kristen Satya Wacana. https://repository.uksw.edu/handle/123456789/5853

  5. Atmahadi, E.N. (2013). Analisis Perlakuan Akuntansi Zakat Perusahaan pada Bank Syariah di Indonesia. Skripsi, Universitas Indonesia. https://lontar.ui.ac.id/detail?id=20331548&lokasi=lokal

  6. Awdeh, A. (2005). Domestic Banks and Foreign Banks Profitability: Differences and Their Determinants. London: Cass Business School.

  7. Berger, A.N. & di Patti, E.B. (2006). Capital Structure and Firm Performance: A New Approach to Testing Agency Theory and an Application to the Banking Industry. Journal of Banking & Finance, 30(4), 1065-1102. https://doi.org/10.1016/j.jbankfin.2005.05.015

  8. Bokpin, G.A. (2013). Ownership Structure, Corporate Governance and Bank Efficiency: An Empirical Analysis of Panel Data from the Banking Industry in Ghana. Corporate Governance, 13(3), 274-287. https://doi.org/10.1108/CG-05-2010-0041

  9. Brigham, E.F. & Houston, J.F. (2006). Dasar-Dasar Manajemen Keuangan Buku 1 (Transl. A.A. Yulianto). Jakarta: Salemba Empat.

  10. Dwijayanthy, F. & Naomi, P. (2009). Analisis Pengaruh Inflasi, BI Rate, dan Nilai Tukar Mata Uang terhadap Profitabilitas Bank Periode 2003-2007. Jurnal KARISMA, 3(2), 87-98. http://repository.upnyk.ac.id/1827/

  11. Dzunurain, A. (2014). Pengaruh Profitabilitas dan Ukuran Perusahaan Terhadap Pengeluaran Zakat pada Bank Umum Syariah di Indonesia Tahun 2010-2013. Skripsi, Universitas Pendidikan Indonesia. http://repository.upi.edu/14486/

  12. Fauzi, A. (2014). Pengaruh Zakat Perbankan dan Corporate Social Responsibility Terhadap Kinerja Bank Umum Syariah di Indonesia Periode 2009-2013. Skripsi, UIN Sunan Kalijaga. https://digilib.uin-suka.ac.id/id/eprint/14530/

  13. Firdaus, M. & Irawan, T. (2009). Modul I Ekonometrika Untuk Data Panel (Aplikasi Eviews dan Stata). Malang: Univrsiatas Barawijaya.

  14. Firmansyah, I. & Rusydiana, A.S. (2013). Pengaruh Profitabilitas Terhadap Pengeluaran Zakat Pada Bank Umum Syariah Di Indonesia Dengan Ukuran Perusahaan Sebagai Variabel Moderasi. Liquidity: Jurnal Riset Akuntansi dan Manajemen, 2(2), 110-116. https://doi.org/10.32546/lq.v2i2.112

  15. Gujarati, D.N. (2006). Ekonometrika Dasar. Jakarta: Penerbit Erlangga.

  16. Hendrayanti, S. & Muharam, H. (2013). Analisis Pengaruh Faktor Internal dan Eksternal terhadap Profitabilitas Perbankan (Studi pada Bank Umum di Indonesia Periode Januari 2003 - Februari 2012). Diponegoro Journal of Management, 2(3), 293-307. https://ejournal3.undip.ac.id/index.php/djom/article/view/3230.

  17. Hughes, J.P. & Mester, L.J. (2013). Measuring the Performance of Banks: Theory, Practice, Evidence, and Some Policy Implications. In Oxford Handbook of Banking, 2nd edition. http://dx.doi.org/10.2139/ssrn.2306003

  18. Kaligis, Y.W. (2013). Analisis Tingkat Kesehatan Bank dengan Menggunakan Metode CAMEL pada Industri Perbankan BUMN yang Terdaftar di Bursa Efek Indonesia. Jurnal EMBA : Jurnal Riset Ekonomi, Manajemen, Bisnis dan Akuntansi, 1(3), 233-254. https://doi.org/10.35794/emba.1.3.2013.2015

  19. Kamau, P., Inanga, E.L., & Rwegasira, K. (2015). Currency Risk Impact on the Financial Performance of Multilateral Banks. Journal of Financial Reporting and Accounting, 13(1), 91-118. https://doi.org/10.1108/JFRA-11-2013-0076

  20. Micco, A., Panizza, U., & Yañez, M. (2004). Bank Ownership and Performance. IDB Working Paper No. 429. https://doi.org/10.2139/ssrn.1818718

  21. Muchlas, Z. & Alamsyah, A.R. (2015). Faktor-faktor yang Mempengaruhi Kurs Rupiah terhadap Dolar Amerika Pasca Krisis (2000-2010). Jurnal Jibeka, 9(1), 76-86.

  22. Mustofa, I. (2014). Zakat Lembaga Keuangan Syariah Sebagai Badan Hukum. Millah, 14(1), 171-200. https://doi.org/10.20885/millah.vol13.iss2.art8

  23. Mutamimah & Chasanah, S.N.Z. (2012). Analisis Eksternal dan Internal dalam Menentukan Non Performing Financing Bank Umum Syariah di Indonesia. Jurnal Bisnis dan Ekonomi, 19(1). https://www.unisbank.ac.id/ojs/index.php/fe3/article/view/1692

  24. Novado, A. & Hartomo, D.W. (2014). Kinerja Perbankan pada Kepemilikan Domestik, Asing, Pemerintah dan Swasta. Jurnal Bisnis dan Manajemen, 14(2), 51-66. https://doi.org/10.20961/jbm.v14i2.4130

  25. Prayoga, E.B. & Almilia, L.S. (2013). Pengaruh Kepemilikan dan Ukuran perusahaan Terhadap Pengungkapan Manajemen Risiko. Jurnal Akuntansi dan Keuangan, 4(1), 1-19. https://doi.org/10.36448/jak.v4i1.237

  26. Rahmadhani, S. (2010). Pengaruh Listed, Kepemilikan Saham oleh Institusional dan Nilai Tukar Terhadap Profitabilitas Perbankan Domestik di Indonesia. Jurnal Ilmu Manajemen dan Akuntansi Terapan (JIMAT), 1(1). http://jurnal.stietotalwin.ac.id/index.php/jimat/article/view/7

  27. Rahman, T. (2015). Akuntansi Zakat, Infak dan Sedekah (PSAK 109): Upaya Peningkatan Transparansi dan Akuntabilitas Organisasi Pengelola Zakat (OPZ). Muqtasid Jurnal Ekonomi dan Perbankan Syariah, 6(1), 141-164. https://doi.org/10.18326/muqtasid.v6i1.141-164

  28. Ramadhani, G.G. (2018). Pengaruh Nilai Rukar Rupiah, Suku Bunga Indonesia Dan Inflasi Terhadap Return Saham Dengan Profitabilitas Sebagai Variabel Intervening Pada Perusahaan Perbankan di Bursa Efek Indonesia (BEI) Tahun 2012-2015. Jurnal Ekobis Dewantara, 1(6), 96-107. http://jurnalfe.ustjogja.ac.id/index.php/ekobis/article/view/413

  29. Rosadi, D. (2012). Ekonometrika dan Analisis Runtun Waktu Terapan dengan Eviews. Yogyakarta: Penerbit Andi Offset.

  30. Simamora, H. (2000). Akuntansi Basis Pengambilan Keputusan Bisnis. Jakarta: Salemba Empat.

  31. Soemitra, A. (2009). Bank dan Lembaga Keuangan Syariah. Jakarta: Kencana.

  32. Sucianti & Naomi, P. (2009). Perbandingan Indikator Kinerja Bank Dominasi Asing dan Dominasi Negara pada Bank yang Go Public di BEI. Jurnal Manajemen, 1(1), 91-98. http://journal.ipb.ac.id/index.php/jmanajemen/article/view/1603/666

  33. Wijayanto, A. & Sutarno. (2010). Kinerja Efisiensi Fungsi Intermediasi Bank Persero di Indonesia dengan Menggunakan Data Envelopment Analysis (DEA). Jurnal Keuangan dan Perbankan, 14(1), 110-121. https://doi.org/10.26905/jkdp.v14i1.959

  34. Wiranata, Y.A. & Nugrahanti, Y.W. (2013). Pengaruh Struktur Kepemilikan Terhadap Profitabilitas Perusahaan Manufaktur di Indonesia. Jurnal Akuntansi dan Keuangan, 15(1), 15-26. https://doi.org/10.9744/jak.15.1.15-26

  35. Yeyati, E.L. & Micco, A. (2007). Concentration and Foreign Penetration in Latin American Banking Sectors: Impact on Competition and Risk. Journal of Banking & Finance, 31(6), 1633-1647. https://doi.org/10.1016/j.jbankfin.2006.11.003