Open AccessANALISIS PENGARUH SERTIFIKAT BANK INDONESIA (SBI), SERTIFIKAT BANK INDONESIA SYARIAH (SBIS), INFLASI DAN BI RATE TERHADAP PENYALURAN DANA KE SEKTOR UMKM OLEH PERBANKAN SYARIAH DI INDONESIA
Author(s) -
Wahyu Lailia Devi,
Eko Fajar Cahyono
Publication year - 2020
Publication title -
jurnal ekonomi syariah teori dan terapan
Language(s) - English
Resource type - Journals
eISSN - 2502-1508
pISSN - 2407-1935
DOI - 10.20473/vol7iss20203pp499-512
Subject(s) - sharia , islamic banking , financial system , business , inflation (cosmology) , inflation rate , econometric analysis , interest rate , islam , economics , finance , geography , physics , econometrics , archaeology , theoretical physics
This research was carried out on two banking sides, the first side was on the conventional side, and the second was on the sharia side. The conventional side was used to describe the influence of Bank Indonesia Certificates (SBI), inflation, and the BI Rate of Credit disbursed by Conventional Banks in Indonesia to small and medium business sectors (UMKM) in the 2011-2019 period. Meanwhile, the sharia side was used to explain the influence of Bank Indonesia Sharia Certificates (SBIS), inflation, and the BI Rate of Financing channeled by Islamic Banks in Indonesia to UMKM in the 2011-2019 period. The researcher employed a quantitative approach and analyzed the data using multiple linear regression analysis with two econometric models. Also, the data used in this study were secondary data obtained from official data from Bank Indonesia and the Financial Services Authority (OJK). The results of the conventional research partially show that Bank Indonesia Certificates (SBI) and inflation have a significant negative effect. In contrast, the BI variable Rate has a significant positive impact on UMKM credit in conventional banking. Simultaneously, it shows that there is a significant influence between the variables Bank Indonesia Certificate (SBI), inflation, and the BI Rate on lending to the UMKM sector in conventional banking. Furthermore, in terms of sharia, the results of the research partially explain that Bank Indonesia Sharia Certificates (SBIS) and BI Rate have a significant negative effect. In contrast, inflation has a significant positive impact on UMKM financing in Islamic banking. Simultaneously, it shows that there is a significant influence between the variables of Bank Indonesia Sharia Certificate (SBIS), inflation, and the BI Rate on the distribution of financing to the UMKM sector in Islamic banking.Keywords: SBI, SBIS, Inflation, BI Rate, and UMKM Financing