Volume 5, Nomor 1, April 2008












Faktor-Faktor yang Mempengaruhi Pertumbuhan Proporsi Aset

Perbankan Syariah di Indonesia


Yuria Pratiwhi Cleopatra                 1 – 25


Sharia bank is a financial institution that provides banking services that complies to the rules of Islamic sharia. The application of Islamic principles in financial institution is believed to be an alternative that will give benefits for customer, bank, and the whole national economic system. In facts, the benefits of Islamic financial institution will be significant only if the size of sharia banking industry is significant compared to the size of  whole banking system, which is marked by the proportion of its asset against total asset of  the banking system. Up to September 2007, the asset proportion of sharia banks in Indonesia was only 1.72% of total national banking asset. Bank Indonesia, has made a target that sharia banking’s asset proportion shall be 5% of total national banking asset at the end of 2008. This research was conducted to identify factors that affect asset proportion of sharia banking. The examined factors were the number of sharia bank’ offices / outlets, the number of operating sharia banks, the amount-of-deposit-account proportion to the total third party fund, profit-sharing finance proportion, finance to deposit ratio (FDR), non-performing finance (NPF),  the office channeling policy, inflation rate, central bank rate (SBI), the return rate of wadhiah of central bank (SWBI), the rate of deposit account in non-sharia banks and the credit rate of non-sharia banks. The statistical analysis showed that the most significant factors that affect the proportion of sharia banking assets against total national banking assets were the number of sharia banks, NPF, office channeling policy, inflation rate, and the credit rate of non-sharia banks


Kontribusi Pemikiran Ibnu Khaldun dalam Ekonomi Modern


Izzuddin Edi Siswanto
Handi Risza Idris                   26 – 47


Abdur-Rahman Ibnu Muhammad Ibnu Khaldun (1332-1406), who was a diplomat, jurist, historian, politician, sociologist, and economist, is the most prominent figure. Unlike the writings of his predecessors and contemporaries, his writings on economic topics out of the tradition of making disjointed remarks on and isolated references to important questions of political economy. Ibn Khaldun’s rationalistic approach to economic reasoning, his power of abstraction, and his pioneering works in developing economic models are unparalleled among the writers of medieval times. The Paper has dealt with a wide spectrum of Ibn Khaldun’s economic thought in the 14th century. Ibn Khaldun’s writings on economics include theories of value, distribution, growth and development, money, prices, public finance, business cycles, inflation, rent, and benefits of trade.


Hubungan Kausalitas Pasar Uang Syariah dengan Konvensional


Nurul Huda                    48 – 67


The implications of the tremendous development of Islamic financial institutions for the last three decades are raising the new products in the Islamic financial market. There are many innovative products that have recently been introduced in the market. Specifically, these are; shariah central bank certificate, mudharabah investment certificate, and foreign exchange (al-sharf). The aim of this research is to examine the granger causality test to determine the direction of influence between the variables of conventional financial market (SBI and PUAS) and Islamic financial market (SWBI and PUASS). The result seems no causation from one variable to another. It means that there is no relationship between Islamic financial market and conventional at probability F Test more than 0.05.


Pengembangan Wakaf Tunai sebagai Alternatif Sumber Dana

Pembangunan Daerah


Ranti Wiliasih               68 – 79


The aim of this paper is to identify some potential alternatives to increase community participation to accumulate the source of finance for local development in the autonomy era. One of the alternatives to involved community participation beside levy and local tax are using religion approach. The percentage of Moslem in Indonesia is about 88,6 %, makes  the approach is potential to be implemented. One of the potential model to develop is Awqaf. In others countries, Awqaf has succeed to prepare public facilities; bridges, roads, schools, hospitals, etc in the past. There are two models to develop Awqaf in the local area. There are local government as a nazhir and the second way, build a nazhir’s syndication in the local area.


Utang Luar Negeri dan Beban APBN Indonesia


Amin Mansur                80 – 92


The development economic aims in the developing countries are to increase the people’s welfare that indicated in the increasing of income per-capita. There are some problems in this matter caused by the lack of the productive economy resources, especially the capital resources which are mostly play the important role on the development matter. In order to cover the capital shortage, the government of the concerning country tries to obtain the capital resources from other countries through many kinds of external debts. In the contex of Indonesian development economic, the external debt will be very helpful to cover the government budget, or the deficit in the balance of payment or to cover saving-investment gap. But, the accumulation of the external debt and its interest will be paid through the Indonesian APBN every year. Finally, it will burden the development economic in Indonesia.