Spin Off Feasibility Study of Sharia Financing Unit: Study in Adira Finance

Lita Wulandari, Hermanto Siregar, Hendri Tanjung

Abstract


The Financial Services Authorization (OJK) as the regulator of the finance industry has issued a policy set forth in the POJK. 28 / POJK.05 / 2014 which explains that multi-finance which has sharia portfolio as much as 50% from total business or five years from POJK is lawfully obliged to do spin-off sharia. With this policy, sharia business unit can be more focus on business development. Through this research will be analyze the feasibility of sharia financing business unit in fulfilling the aspect of separation of business unit (spin-off). Beside by observation, deep interview with Sharia Supervisory Board (DPS) and literature review, the research also use ARIMA and Double Smoothing Exponential to forecast market and financial aspect. Based on the research results sharia financing unit of Adira Finance has the ability to be spin off. But it should be noted from technology and human resources aspects.

DOI: 10.15408/aiq.v10i2.5781


Keywords


spin off; feasibility study; sharia financing unit; ARIMA

Full Text:

PDF

References


Al Arif, M. N. R. (2014). Spin-off and Its Impact on The Third Party Funds of Indonesian Islamic Banking Industry. Economic Journal of Emerging Markets. Vol. 6 (1): 50-55. doi: htps://doi.org/10.20885/ejem.vol16iss1.art5.

Al Arif, M. N. R. (2015). The Effect of Spin Off Policy on Financing Growth in Indonesia Islamic Banking Industry. Journal of Al-Ulum. Vol. 15(1): 173-184

Al Arif, M. N. R., Nachrowi, N. D., Nasution, M. E., & Mahmud, T. M. Z. (2017). The Islamic Banking Spin off: Lesson from Indonesian Islamic Banking Experiences. JKAU: Islamic Economics. Vol. 30(2): 117-133. doi: https://doi.org/10.4197/Islec.30-2.11.

Chu, P. Y., Teng, M. J., Lee, C.T., & Chiu, H. (2010). Spin off Strategies and Performance: a Case Study of Taiwan`s ACER Group. Journal of Asian Business and Management. Vol. 9(1): 101-125.

Dewati, H. R. (2015). Pemilihan Metode Spin Off Unit Bisnis Syariah dengan Pendekatan Analisa Faktor: Studi Kasus PT. BNI Syariah dan PT. Bank Syariah BRI (The Decision of Spin Off Method of Islamic Business Unit by Factor Analysis Approach: Case Study on Bank of BNI Sharia and Bank of BRI Sharia). (Unpublished Thesis). Bogor: School of Business, Bogor Agricultural University.

Fariani, A., Jayaprawira, A., &Bintoro OB. (2013). Strategy UUS BTN Post Spin Off with Scenario Planning Approach. The Indonesia Journal of Business Administration. Vol. 2(2): 169-180.

Hamid, A. (2015). The Impact of Spin-off Policy to The Probability on Indonesian Islamic Banking Industry. Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics). Vol. 8(1): 117-126. doi: https://doi.org/10.15408/aiq.v8i1.1363.

Haribowo, I. (2017). The Indonesian Islamic Bank’s Spin-Off: A Study in Regional Development Banks. Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics). Vol. 9(1): 53-68. doi: https://doi.org/10.15408/aiq.v9i1.4308.

Kasmir, & Jakfar. (2013). Studi Kelayakan Bisnis (Business Feasibility Study). Jakarta: Kencana Prenada Media Group

Sasongko, N., & Zulfikar. (2016). The Model of Policy the Banking Services to Enhance Competitiveness Islamic Banking in Indonesian. South East Asian Journal of Contemporary Business, Economic and Law. Vol. 11(1): 1-8

Siswantoro, D. (2014). Analysis of Islamic Bank`s Performance and Strategy after Spin Off as Islamic Full Pledge Scheme in Indonesia. Proceeding of International Conference on Accounting Studies (ICAS). Kuala Lumpur, Malaysia

Stamboel. R. A. S. (2012). An Analysis of The Corporate Spin Off in Indonesia: Potential, Regulations and Issues. (Unpublished Thesis). Netherlands: Tilburg University.

Stempin, N. (2016). The Impact of Financial Statements for SEC Spin Off Entitites on The Market`s Ability to Anticipate Future Earning. (Unpublished Dissertation). Georgia: Georgia State University

Tabash. M. I., & Dhankar, R. S. (2014). The Relevance of Islamic Finance Principles in Economic Growth. International Journal of Emerging Research in Management & Technology. Vol. 2: 49-54.

Veld, C., & Veld-Merkoulova, Y. V. (2004). Do Spin Off Really Create Value? The European Case. Journal of Banking & Finance. Vol. 28: 1111-1135. doi: https://doi.org/10.1016/S0378-4266(03)00045-1.




DOI: https://doi.org/10.15408/aiq.v10i2.5781

Article Metrics

Abstract viewed : 0 times
PDF viewed : 0 times

Refbacks

  • There are currently no refbacks.




Hasil gambar untuk DOAJ CrossRef/public/site/images/rianto-arif/logogaruda-kecil_94 http://onesearch.id/themes/ischolarly/images/logo-onesearch-icon.png

MoraRefISJD LIPISHERPA/RoMEO Logo

Hasil gambar untuk neliti.com

 

View My Stats

License

This work is licensed under CC BY-SA

© All rights reserved 2015.