Model Volume Penempatan Dana Perbankan Syariah pada Sertifikat Bank Indonesia Syariah (SBIS)

Abstract

The Bank has a function as an intermediary institution that help the Surplus (excess fund) and the Deficit (lack of funds) to improve the standard of living and reduce the gap between those two sides. The Bank has three main functions; collecting funds from the community as the owner of the funds, channeling funds to the community as users and provide services, as well as welfare tools of the wider community. Economic development such as found many improves methods in fund management, especially liquidity management in financial institutions such as banks or non-banks, Islamic banks and Conventional banks. Liquidity management is very influential on the development of the institution itself and the economy at macro level. How does liquidity management can affected the fund forming in money market? This study aims to determine effect of internal factors of Islamic Banking on volume of fund forming in Bank Indonesia Sharia Certificates (SBIS). In this case, study use Third Party Funds (Dana Pihak Ketiga), Financing to Deposit Ratio (FDR), Non Performing Financing (NPF), Statutory Reserves (GWM) and macroeconomic factors; inflation and interest rate (Bank Indonesia rate) that affect sharia banking funds selection in SBIS. Research analysis instrument used in this study is Error Correction Mechanism (ECM). Monthly secondary data was use in this analysis; from January 2011 to December 2015, sourced by Bank Indonesia Sharia Banking Statistics and Bank Indonesia Report. The result concluded that, Third Party Fund (DPK) and Non Performing Financing (NPF) has positive correlation to the volume of Sharia Banks forming in Bank Indonesia Sharia Certificates, meanwhile Financing To Deposit Ratio (FDR) has negative correlation and Statutory Reserves (GWM) does not correlated to the volume of Sharia Banking forming in Bank Indonesia Sharia Certificates. Correlates with macroeconomics indicators; inflation has positive impact otherwise, interest rate (BI Rate) has negative impact on the volume of Islamic Banking fund forming in Bank Indonesia Sharia Certificates.