Efficiency Institution Baitul Maal Tamwill in The Westdistrict Bandung

Baitul Maal Wat Tamwil has experienced development in recent years. However, based on BMT performance data in West Bandung regency is less optimal. It is known that there are one efficient BMTs in West Bandung Regency and three BMTs that are inefficient. The cause of BMT's less optimal performance is inefficiency in operational activities. This study aims to determine the level of efficiency of BMT in West Bandung 2011-2017 period and find out the causes of inefficiency. This study uses secondary data from four BMTs in West Bandung District which are sampled. The research method used is descriptive method with Data Envelopment Analysis (DEA) analysis technique which is to measure the level of efficiency of a company. Input variables used are operating expenses, total assets, and TPF. Furthermore, the output variables used are SHU, income, and financing. Based on the results of research conducted, the conditions of the BMT in West Bandung Regency have not been perfectly efficient. There are three BMTs that have experienced inefficiencies including BMT Dana Ukhuwah, BMT Mustama, and BMT Rabbani. Keywords. Efficiency, Baitul Maal Wat Tamwil, Data Envelopment Analysis

Implementation of Good Governance Business Sharia (GGBS) and Its Implications for Sharia Conformity and Profitability (SCnP) Financial Performance in Sharia Commercial Banks in Indonesia

Financial performance is an analysis carried out to see the extent to which a company carries out the rules of implementing finances properly and correctly. The measurement of the financial performance of Islamic banks mostly still uses conventional measurement indicators namely profitability. This is considered less relevant, because the measurement of the performance of Islamic banks should be measured based on the suitability of sharia. Sharia Conformity and Profitability is a tool that measures the integrity of a bank, but still does not ignore the conventional side because the purpose of Islamic banks is to seek profit. This study aims to analyze the influence of Good Governance Business Sharia on Sharia Conformity and Profitability of Islamic Commercial Banks in Indonesia. The population in this study used all Islamic Commercial Banks (BUS) in Indonesia. The sample used was eleven Sharia Commercial Banks in Indonesia in 2012-2016. The method in this study uses explanatory research methods. The data analysis technique used is panel data regression. The results showed that the level of implementation of Good Governance Business Sharia was good enough and tended to increase. The Sharia Conformity and Profitability level of Islamic Commercial Banks in Indonesia has a high level of performance which means that the average performance is above on average. The implementation of Good Governance Business Sharia (GGBS) has a positive effect on Sharia Conformity but has a negative effect on Profitability. The results have important implications for Islamic Commercial Banks and regulator regarding Good Governance Business Sharia that should be modified as it aligns with sharia conformity but does not have impact on profitability. Keywords. Financial performance, Sharia Conformity and Profitability, Good Governance Business Sharia.

The Effect of Spiritual Motivation and Compensation on The Employee Performance of The Bank of Center Sharia Jabar Banten

Nowadays, the sharia banking industries in Indonesia have increased dramatically because there are many the companies of conventional banking that have redeveloped to be a the sharia banking. According to many, the industries of sharia banking require the systems that can spur them to be a large banking company not only in Indonesia but also in the world. Meanwhile, the sources that they have both of human and natural resources respectively need the increasing to compete in this era. Moreover, to enhance the capacity of employees are indispensable work to create the greate employee and this is quite essential for the sharia banking companies. The aim of this study is to provide a describing regarding the impact of spiritual motivation and compensation on the employee performance. The methodology that be used in this research is a survey method with explanatory likewise the spiritual motivation and the compensation are independent variable meanwhile employee performance is dependent variable. In addition, the location of the survey is in the Bank of Center Sharia Jabar Banten. The result of the study has delivered that both of the spiritual motivation and the compensation have the significant positive impact to incline the employee performance of the Bank of Center Sharia Jabar Banten. Keywords. Sharia Banking, Spiritual Motivation, Compensation and Employee Performance.

Implementation of Aqad Musyarakah Mutanaqisah (MMQ) Take Over Financing on KPR Products in Sharia Banks

House Ownership Financing (PKR) there are various types of contracts used, one of which is Musyarakah Mutanaqisah (MMQ). However, financing through the Mushanaqishah Mutanaqishah pattern (MMQ) has some common problem in the banking world faced. This study aims to see how the implementation of Musharaka Mutanaqishah (MMQ) contract. Take Over financing on KPR products is in accordance with Fatwa DSN MUI Number: 73 / DSN-MUI / XI / 2008 concerning Musyarakah Mutanaqisah (MMQ) .This study use descriptive quantitative method. The population in this study were mortgage customers totaling 31 people with census techniques. The instrument in this study used a questionnaire. The results showed the implementation of Musyarakah Mutanaqisah (MMQ) agreement. Take Over financing for KPR products is in a good category, although there are several indicators in the sufficient category. Keywords. Musharakah Mutanaqisah (MMQ), Take Over Financing, Shariah Home Financing.

The Level of Student Literacy Towards The Sharia Cooperatives

This article is motivated by the wrong perception of the understanding and knowledge of Islamic cooperatives. The purpose of this study is to find out the level of student literacy in Islamic cooperatives. The method used is quantitative descriptive method. The number of research samples amounted to 70 active students of the Indonesian Education University representing each faculty. The results showed that students did not fully understand the development agreement used in Islamic cooperatives that is included in thecontract syirkah. However, in general students' literacy toward usury and the compatibility of Islamic cooperatives with Islamic principles is largely understood. The implication of this research shows that there is a need to increase literacy to students as younger generation more specifically about the existing contractual agreements in Islamic cooperatives. Keywords. Sharia Banking, Sharia Cooperative, Syirkah, Student Literacy

The Effect of Islamic Work Ethic and Productivity on Work Quality Through The Employee Performance

The Islamic work ethic and productivity are parts of the work concept that raise value in forming good personality in the work based on the recommendation of the principle in Islam. The research investigated 40 employees as research samples through the utilization of quantitative methods: questionnaire (questionnaire), documentation, and observation. The used analysis included validity test, reliability test, statistical collinearity test, partial test, and determination test (R2). The tool in analyzing the data was path way analysis with the Smart Pls 3.0 program. The results found that the Islamic Work Ethic has a positive washback on Employee Performance, Work Quality, and Productivity. Employee Performance has a positive washback on employee performance with a positive and significant effect on work quality. Productivity does not significantly influence employee performance, and it also does not significantly influence work quality.

Influence Of Employee's Spiritual Motivation On Employee Performance (Empirical Study In Santri Works Of Taarid Tauhid Bandung Foundation)

The development of foundations and businesses led by Abdullah Gymnastiar. the question arises as to why this business that is labeled with the heart of management is such a way of developing (not only becoming one of the business centers, it also becomes a "moral workshop"), whether it is due to its leadership, work system, conducive environment, or motivation of its employees. This study aims to determine the effect of spiritual motivation on the performance of employees of the Daarut Tauhiid Foundation in Bandung. The hypothesis proposed in this study is the creed motivation, worship motivation and muamalah motivation partially and together have a significant effect on performance. The subjects (samples) in this study were 33 people. Sampling method is purposivesampling.Data obtained through primary data by distributing questionnaires also added to interviews and observations. Secondary data were obtained through records and profile of Daarut Tauhiid foundation as well as information from various other sources. Data analysis was performed by multiple regression analysis. As a result, partially or together it turns out that spiritual motivation does not affect performance. This can be seen from the t-count value of each variable (creed = 0.857, worship = 0.288 and muamalah = 0.971) compared to t-table (2.0395) or t-count 2 and the F-count of 1.935 is smaller than 4. Or the significance level is greater than 0.05 which is 0.14. The lack of spiritual motivation on performance is very reasonable because spiritual motivation has become the culture and character of students of the DT foundation's work. Another thing that should be suspected and needs serious attention is the work environment and leadership of the Foundation which needs to be changed to be more conducive and decentralized. The highest spiritual need in Maslow's hierarchy has been fulfilled by students of DT. But the need for a sense of security (work contract), physiological (primary needs), social needs (AA Gym leadership) is less fulfilled. This is very humane and human nature because while what distinguishes it from organizations or conventional companies is the intention and approach.

Sharia Corporate Governance and Reputation Effects on Customer Trust in Islamic Bank (Survey on BJB Syariah KCP Cimahi)

The city of Cimahi is ranked the lowest in wealth and deposits compared to eight cities in West Java Province and this is what confirms that the level of public trust in Islamic banks is still low. Another factor that causes low customer confidence is that the Sharia Corporate Governance has not been maximized, as evidenced by IRTI's research results showing that GCG implementation has not been implemented well in Islamic banks in various countries and failure to apply sharia principles to 85%. Sharia Corporate Governance (SCG) is a combination of two theories, namely Good Corporate Governance (GCG) and the theory of Sharia Compliance. The implementation of SCG in Islamic banks is based on six principles, namely transparency, accountability, accountability, professionalism and fairness and implementation of compliance shariah. Sharia Corporate Governance (SCG) can also be referred to as a system, regulation, and process used to realize a compliance culture in managing Islamic banking risk as well as monitoring, regulating and encouraging its performance efficiently so as to generate sustainable added value for stakeholders in the long term in accordance with sharia principles. This study aims to determine the effect of the application of SCG and reputation on customer trust in Islamic banks. The population in this study is the customer of BJB Syariah KCP Cimahi. The sampling technique in this study was simple random sampling with a sample of 210 respondents. The method used in this research is explanatory method. The data analysis technique used is multiple linear regression method. The results of the research designation that the implementation of Sharia Corporate Governance and reputation simultaneously affect customer trust and this will have an impact on increasing the market share of Islamic banks.

The Analysis of Third-Party Funds, State Sukuk, and Corporate Sukuk Towards Financial Deepening in Indonesia

Sharia-based financial institutions are being developed in Indonesia, especially in Islamic banking and Islamic capital market institutions. The role of financial institutions in economic growth in Indonesia is defined as financial deepening. This study tries to examine the variables of third party-funds, state sukuk and corporate sukuk towards financial deepening. The used research method in this research was the causality method with quantitative approach. The population in this study is Islamic banking and Islamic capital markets, which are registered at the Financial Services Authority (FSA). The sampling technique was saturation sampling. The used method in this research was descriptive-explanatory method with multiple linear regression analysis. The dependent variable in this study is financial deepening. While, the independent variable in this study are the third-party funds, corporate sukuk, and state sukuk. The results show that third-party funds affect financial deepening, state sukuk affects financial deepening, and corporate sukuk does not have any effect on financial deepening.

Analysis of Factors Affecting Sharia Capital Market Performance in Indonesia

This research is a quantitative descriptive study, which aims to measure the performance of the company Infrastructure, Utilities, and Transportation sectors using the method of Economic Value Added (EVA) and see whether there is value creation for the company after EVA calculation. The population in this study is an infrastructure company listed on ISSI. While the sample used in this study is 12 infrastructure sector companies listed on the ISSI during 2015-2017 respectively. The type of data that used is the type of secondary data that the author gets through the financial statements of each company from 2015-2017 published on the IDX website. The performance measurement method used in this study is the EVA method, which consists of 3 components of calculation, namely Net Operating After Tax Profit, Weighted Average Cost of Capital and Invested Capital. The results of this study indicate that the performance of infrastructure sector companies listed on ISSI in the period 2015 to 2017 shows the results of EVA valuations are diverse, namely: Companies that have positive, fixed, negative EVA. PT Cardig Aero Service and TLKM succeeded in showing good EVA growth from 2015-2017, as evidenced by 2017 EVA has continued to increase in 3 consecutive years having positive EVA values