Volume 3, Nomor 3, Desember 2006












Analisis Perbandingan Kinerja Keuangan Bank Syari’ah dengan Bank Umum Konvensional

Sebelum dan Sesudah Deregulasi Finansial dan Krisis Moneter

Studi kasus : BMI dan 4 (Empat) Bank Umum Konvensional


Mustafa Edwin Nasution
Surya Deni                    1 – 21


This research will analyze Financial Performance Comparison among Syariah Banks and Conventional Banks: before and after of financial deregulation and monetary crisis. This Comparison will perform a case study between Muamalat Indonesian Bank (Syariah Banking) and BTPN, Sumatera Utara Bank, Mestika Bank, and American Express Bank (Conventional Banking). This analysis result is based on Financial Banking ratios from CAREL (Capital, Asset, Rentability, Earnings, Liquidity) where this CAREL is a representative from Financial Indicator ratios such as CAR, NPL, ROA, ROE, BOPO and LDR. Using a statistical method Independent t-test, there is a significantly comparison of financial performance among Syariah Banking and Conventional Banking, except financial ratio ROE not have significantly Comparison. The analysis result based on a statistical Paired Sample Test states that statistical test result using Compare Means describes that all performances that are stated by the variable of totality performances. This variable is the totalling financial ratios by adding certainly value weight. From the five banks, only Sumatera Utara Bank has impact significantly after financial deregulation and monetary crisis. According to Bank Indonesia, Muamalat Indonesian Bank has the best financial ratio NPL and LDR. This condition will arise customers’ trust to Syariah Banking and government is suggested to protect and develop with regulations of Syariah Banking.


Faktor-faktor yang Mempengaruhi Jumlah Uang Beredar pada Perbankan Syariah 2003-2005


Nurul Huda
Syahrul                22 – 45


The development of Syariah Banking in Indonesia has influenced the monetary policy. The purpose of this research is to know (1) the influence of Gross Domestic Product (GDP), (2) the inflation and money circulation in the previous years (M)t-1, (3) the expenses of previous periods towards the money circulation in current year (M)t, (4) the expenses of current year and (5) the role of Syariah instrument influencing on inflation in Indonesia based on Syariah banking activities. Research results showed that Gross Domestic Product (GDP) and inflation did not impact significantly to all money circulations either (M1 isl) nor (M2 isl). But, the previous period money circulation influenced significantly, while Syariah banking financing influenced by the previous financing. Related to money circulation instrument that influencing the inflation rate, is only the total money circulation of the previous year (in the narrow scope) that influence the inflation rate.


Dinar dan Dirham dalam Perkembangan Industri Keuangan Syariah


Muhaimin Iqbal            46 – 64


Dinar and Dirham currencies has been available before Islamic born because kingdom of Romawi has used Dinar (Dinarium) and the kingdom of Persia has used Dirham. Since Islam exists in the world, Islam uses Dinar and Dirham currencies where it is a part of Islam. Based on empirical data, Dinar and Dirham are more stable than other currencies. Also, Dinar and Dirham may create investment climate where it is free from bank interest (riba).


Konsep Prilaku Konsumsi dalam Ekonomi Islam


Nurul Huda             65 – 81


The concept of Islamic consumer behavior in micro economic approach is different from conventional economic. Conventional economic used utility indicator and Islamic economic used mashlahah indicator. Also, Islamic economy separated want and need, but conventional economic didn’t.


Tanggungjawab Pribadi Pemegang Saham, Direksi, dan Komisaris dalam UU No. 1 Tahun 1995


Yogi Sumako                 82 – 97


In Statute No. 1 of 1995  stated  that a limited liability company (Perseroan Terbatas) is  a business entity which is its capital consists of shares, and thus is an association of capital (persekutuan modal), hence by the law is given the status of  a legal entity. The provisions in this statute emphasizes the characteristics of a limited liability company, that a Shareholder liable for up to the value of the shares for which he subscribes and does not include his personal assets. However, in certain events the limited liability status may cease, so that not only Shareholder, but also Direksi  and Komisaris personally liable for contracts and company losses. Thus, the personal liability stipulated in this statute besides meant to avoids abuse of a limited liability company  as a legal entity  for the benefit of personal also that statute must be able to protect the interests of each Shareholder, creditor, other related party and the company itself. How far the personal liability of Shareholder, Direksi, and Komisaris which are developed in the statute will be discussed in this study.