Authors:Deny Setiawan, Muhammad Febriansyah, Ardian Ardian Pages: 1 - 24 Abstract: This study aims to analyse the influence of Non-Performing Financing (NPF), Capital Adequacy Ratio (CAR), and Financing Deposit Ratio (FDR) on Financing Murabahah-Based with Third-Party Fund as a Moderator 2015 – 2022. This study uses three variables that encompass independent variable, dependent variable, and moderation variable. Independent variables consist of Non-Performing Financing (NPF), Capital Adequacy Ratio (CAR), and Financing Deposit Ratio (FDR), dependent variable consists of Financing Murabahah-Based, and moderation variable consists of Third-Party Fund that will subsequently be analysed with Moderated Regression Analysis (MRA) by comparing the R-square Value before and after the tally include and exclude the moderation variable in the statistical measurement. The data used in this study were monthly data from January 2015 until January 2022. The research method that was used in this study was descriptive quantitative analyse by using linear regression analysis through path analysis which was processed by using E-Views 10. The results of this study show that Non-Performing Financing (NPF) and Financing Deposit Ratio (FDR) influence negatively and significantly Financing Murabahah-Based, Capital Adequacy Ratio (CAR) influences positively and significantly on Financing Murabahah-Based, and Third-Party Fund moderates the relationship between Non-Performing Financing (NPF) and Financing Murabahah-Based, Capital Adequacy Ratio (CAR) and Financing Murabahah-Based, and Financing Deposit Ratio (FDR) and Financing Murabahah-Based. PubDate: 2022-08-01 DOI: 10.24042/febi.v7i1.12224 Issue No:Vol. 7, No. 1 (2022)
Authors:Nurfaedah Nurfaedah, Molly Mustikasari, Muhammad Bin Abdullah Pages: 25 - 40 Abstract: The current Covid-19 pandemic has caused the global economy to stagnate. A significant decline in the rate of economic growth was experienced by almost every country, including Indonesia. Printing money is one solution, but an in-depth study needs to be done considering that there are differences in success when implemented, one of which is in European countries, Indonesia and Zimbabwe. For this reason, the purpose of this paper is to conduct an in-depth study of the correct understanding, mechanism, and application of printing money that can stimulate economic growth from an Islamic perspective. This research approach uses literature study, in collecting data by understanding and studying theories from various literature related to this research. The results of the study indicate that- to solve the problem of the economic crisis, can be overcome by using a printing money policy. This policy has been successfully implemented in developed countries such as America, China, and several European countries so that they can get out of the crisis. The reason for its success is by taking into account the following points: first, the understanding of the modern MMT theory and the traditional MMT theory that both theories agree on the MMT derivative product namely printing money, only that modern MMT accompanies the project-based policy. Second, using the right mechanism where money is used according to its function in the Islamic perspective as a medium of exchange and standard prices where the application of printing money is project-based and is not used to cover consumptive government spending so that the amount of money in circulation depends on the number of goods and services. In production, this condition does not cause inflation. Third, the implementation of printing money is channeled to productive government needs. Automatically the circulation of money in circulation according to the number of goods and services produced. PubDate: 2022-08-06 DOI: 10.24042/febi.v7i1.11517 Issue No:Vol. 7, No. 1 (2022)
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