The Influence of Bi Rate and Inflation on Mudharabah Deposits at Jabar Banten Islamic Bank
- August 29, 2020
- Posted by: RSIS
- Categories: IJRISS, Islamic Studies
International Journal of Research and Innovation in Social Science (IJRISS) | Volume IV, Issue VIII, August 2020 | ISSN 2454–6186
The Influence of Bi Rate and Inflation on Mudharabah Deposits at Jabar Banten Islamic Bank
Sabik Khumaini, Muhammad Nurzansyah, Zainal Arif
Sharia Banking school of Islamic Education Faculty of Muhammadiyah University Tangerang
Abstract: This research was conducted to analyze the influence of BI rate and inflation on mudharabah deposits in Jabar Banten Islamic Bank. The data used in this study are monthly data from January 2015 to December 2017. The analysis technique used is multiple linear regression and hypothesis testing using t-statistics to test the partial regression coefficient with a level of significance of 5%. Besides that, a classic assumption test is also conducted which included normality test, heteroscedasticity test, autocorrelation test and multicollinearity test. During the observation period, from January 2015 to December 2017, the results of the study do not find any classical assumptions deviations. This indicates that the available data met the requirements for the use of multiple regression equation models. The results show that BI rate has a significant negative effect on mudharabah deposits, with a level of significance smaller than 5%. Inflation has a positive and insignificant effect on mudharabah deposits, with a level of significance greater than 5%.
Keywords: Bank, Rate, Inflation, Mudharabah, Deposits.
I. INTRODUCTION
The Islamic economic system in Indonesia has been developed with the emergence of Islamic financial institutions. The development of financial institutions in Indonesia has now become a benchmark for the success of Islamic economics. Islamic banking is one of the financial institutions that have a big influence on the economy of the community. Islamic banks have different operational system from conventional ones. Islamic banks provide interest-free services to their customers, but provide profit sharing and other benefits in accordance with the approved contract (Ichsan: 2014).
In Islamic banking, There are various types of transactions that have been arranged which do not harm both parties. Third party funds are one of the fund contribution in Islamic banks that come from the community, both individuals and business entities. The type of third party funds collected by Islamic banks consist of demand deposits, savings and term deposits. The principle of sharia operations applied in collecting public funds uses wadiah and mudharabah contracts (Muljono: 2015).
