Analysis of Islamic Banking Efficiency in Indonesia in the Digital Bank Era during the Covid-19 Pandemic


Analisis Efisiensi Perbankan Syariah di Indonesia pada Era Digital Bank di Masa Pandemi Covid-19


  • (1) * Reny Fitriana Kaban            Perbanas Institute, Jakarta  
            Indonesia

  • (2)  Novita Setyawati            Perbanas Institute, Jakarta  
            Indonesia

  • (3)  Fayza Salsabilla Animatus Syafila            Perbanas Institute, Jakarta  
            Indonesia

  • (4)  Anisa Amelia Soeminar            Perbanas Institute, Jakarta  
            Indonesia

  • (5)  Mega Putri Amelia            Perbanas Institute, Jakarta  
            Indonesia

  • (6)  Aqila Marza Hanifa            Perbanas Institute, Jakarta  
            Indonesia

  • (7)  Pricintya Dewi            Perbanas Institute, Jakarta  
            Indonesia
    (*) Corresponding Author

DOI: https://doi.org/10.21070/perisai.v6i2.1095

Abstract

The Islamic banking industry in Indonesia is experiencing rapid growth. Currently the world is being hit by an economic crisis triggered by the Covid-19 virus pandemic, including Indonesia, especially Islamic banking, which has also been affected by the crisis. Digital services are one of the efforts for Islamic banking to survive in the pandemic era. To survive in a situation like this, it is necessary to have input and output efficiency of the main factors in Islamic banking. Therefore, it is necessary to study the level of efficiency of Islamic banking in the era of the Covid pandemic in order to formulate corrective and anticipatory measures due to the crisis. In order to build synergies with the world of digital finance, the S1 Islamic Economics Study Program gave us an assignment on this theme. This research is quantitative in nature using data from the Financial Services Authority's annual financial statements which were analyzed using the input approach CRS method. The input variables analyzed were third party funds, labor costs, and general administrative costs, while the output variables analyzed were operating income and total financing. The results of this study indicate that the efficient banks in 2020 are Bank NTB Syariah, Bank BTPN Syariah Tbk and Bank Panin Dubai Syariah Tbk and in 2021 Bank Mega Syariah and Bank Panin Dubai Syariah Tbk. Overall, in the Covid pandemic era, the efficiency value of Islamic banking was 78.05% and was included in the moderate criteria, which was smaller than before the pandemic. More serious efforts are needed from various stakeholders to again improve the efficiency of Islamic banking by taking advantage of the benefits of digitalization.

Author Biographies

Reny Fitriana Kaban, Perbanas Institute, Jakarta

Program Studi S1 Ekonomi Syariah

Novita Setyawati, Perbanas Institute, Jakarta

Program Studi S1 Manajemen

Fayza Salsabilla Animatus Syafila, Perbanas Institute, Jakarta

Program Studi S1 Ekonomi Syariah

Anisa Amelia Soeminar, Perbanas Institute, Jakarta

Program Studi S1 Ekonomi Syariah

Mega Putri Amelia, Perbanas Institute, Jakarta

Program Studi S1 Ekonomi Syariah

Aqila Marza Hanifa, Perbanas Institute, Jakarta

Program Studi S1 Ekonomi Syariah

Pricintya Dewi, Perbanas Institute, Jakarta

Putri

References

Abidin, Z., Endri, & Nirmalawati, D. (2008). Kinerja Keuangan dan Efisiensi Perbankan: Pendekatan CAMEL, DEA dan SFA. Jakarta: ABFI Institute Perbanas.

Ahmadirezaei, H. (2011). Social and The Effect of Information Technology in Saderat Banking System. Procedia - Social and Behavioral Sciences, 30, 23–26. https://doi.org/10.1016/j.sbspro.2011.10.005

Al-halawani, O. (2019). The Effects of Innovation on Bank Efficiency and Productivity. Retrieved from https://www.researchgate.net/publication/335223114_The_Effects_of_Innovation_on_Bank_Efficie

ncy_and_Productivity_Undergraduate_Dissertation_82

Amirillah, A. (2014). Efisiensi perbankan syariah Di Indonesia. JEJAK Journal of Economics and Policy, 7(2), 100–202. https://doi.org/10.15294 jejak.v7i1.3596

Appiahene, P., Missah, Y. M., & Najim, U. (2019). Evaluation of information technology impact on bank ’ s performance : The Ghanaian experience. International Journal of Engineering Business Management, 11, 1–10. https://doi.org/10.1177/1847979019835337

Avkiran, N. K. (1999). The evidence on efficiency gains: The role of mergers and the benefits to the public. Journal of Banking & Finance, 23(7), 991–1013. Retrieved from https://econpapers.repec.org/RePEc:eee:jbfina:v:23:y:1999:i:7:p:991-1013

Avkiran, N. K. (2011). Association of DEA super-efficiency estimates with financial ratios : Investigating the case for Chinese banks. Omega, 39(3), 323–334. https://doi.org/10.1016/j.omega.2010.08.001

Banker, R., Charnes, A., & Cooper, W. (1984). Some models for estimating technical and scale inefficiencies in data envelopment analysise. Management Science, 30(9), 1031–1142. https://doi.org/https://doi.org/10.1287/mnsc.30.9.1078

Casu, B., & Molyneux, P. (2003). A comparative study of efficiency in European banking. Applied Economics, 35(17), 1865–1876. https://doi.org/https://doi.org/10.1080/0003684032000158109

Cooper, W. W., Selford, L. M., & Zhu, J. (2011). Data Envelopment Analysis: History, Models and Interpretations. In: Cooper W., Seiford L., Zhu J. (eds) Handbook on Data Envelopment Analysis. International Series in Operations Research & Management Science, 164, 1–39. https://doi.org/https://doi.org/10.1007/978-1-4419-6151-8_1

Dadan. (2019). Revolusi Industri 4.0. Jakarta.

Dadang, M., Hafidz, J., Astuti Riska, I., & Oktapiani, R. (2014). Faktor-Faktor Penetu Efisiensi Perbankan serta Dampaknya terhadap Perhitungan Suku Bunga Kredit.

Dangolani, S. K. (2011). The Impact of Information Technology in Banking System (A Case Study in Bank Keshavarzi IRAN). Procedia-Social and Behavioral Science, 30, 13–16. https://doi.org/https://doi.org/10.1016/j.sbspro.2011.10.003

Fethi, M. D., & Pasiouras, F. (2010). Assessing bank efficiency and performance with operational research and artificial intelligence techniques : A survey. European Journal of Operational Research, 204, 189–198. https://doi.org/10.1016/j.ejor.2009.08.003

Gichungu, Z. N., & Oloko, M. A. (2015). Relationship between Bank Innovations and Financial Performance of Commercial Banks in Kenya. International Journal of Education and Research, 3(5), 443–456. Retrieved from https://www.ijern.com/journal/2015/May-2015/39.pdf

Gordo, G. M. (2013). Estimating Philippines Bank Efficiencies Using Frontier Analysis. Philippines Management Review, 20, 17–36. Retrieved from http://cba.upd.edu.ph/docs/DP/1202_gordo.pdf.%0A

Hastuti, R. K. (2019, June 7). Perbankan Syariah Masih Sulit Bersaing Dengan Konvensional. CNBC Indonesia. Retrieved from https://www.cnbcindonesia.com/syariah/20190607133414-29-77037

Hidayat, R. (2014). Efisiensi Perbankan Syariah: Teori dan Praktek. Bekasi: Gramata Publishing.

Ho, S., & Mallick, S. (2010). The impact of information technology on the banking industry. Journal of The Operational Research Society, 61(2), 211–221. https://doi.org/https://doi.org/10.1057/jors.2008.128

Indonesia, G. B. PERATURAN BANK INDONESIA NOMOR: 7/2/PBI/2005 TENTANG PENILAIAN KUALITAS AKTIVA BANK UMUM (2005). Bank Indonesia. Retrieved from www.bi.go.id

Abidin, Z., Endri, & Nirmalawati, D. (2008). Kinerja Keuangan dan Efisiensi Perbankan: Pendekatan CAMEL, DEA dan SFA. Jakarta: ABFI Institute Perbanas.

Ahmadirezaei, H. (2011). Social and The Effect of Information Technology in Saderat Banking System. Procedia - Social and Behavioral Sciences, 30, 23–26. https://doi.org/10.1016/j.sbspro.2011.10.005 DOI: https://doi.org/10.1016/j.sbspro.2011.10.005

Al-halawani, O. (2019). The Effects of Innovation on Bank Efficiency and Productivity. Retrieved from https://www.researchgate.net/publication/335223114_The_Effects_of_Innovation_on_Bank_Efficiency_and_Productivity_Undergraduate_Dissertation_82

Amirillah, A. (2014). Efisiensi perbankan syariah Di Indonesia. JEJAK Journal of Economics and Policy, 7(2), 100–202. https://doi.org/10.15294 jejak.v7i1.3596

Appiahene, P., Missah, Y. M., & Najim, U. (2019). Evaluation of information technology impact on bank ’ s performance : The Ghanaian experience. International Journal of Engineering Business Management, 11, 1–10. https://doi.org/10.1177/1847979019835337 DOI: https://doi.org/10.1177/1847979019835337

Avkiran, N. K. (1999). The evidence on efficiency gains: The role of mergers and the benefits to the public. Journal of Banking & Finance, 23(7), 991–1013. Retrieved from https://econpapers.repec.org/RePEc:eee:jbfina:v:23:y:1999:i:7:p:991-1013 DOI: https://doi.org/10.1016/S0378-4266(98)00129-0

Avkiran, N. K. (2011). Association of DEA super-efficiency estimates with financial ratios : Investigating the case for Chinese banks. Omega, 39(3), 323–334. https://doi.org/10.1016/j.omega.2010.08.001 DOI: https://doi.org/10.1016/j.omega.2010.08.001

Banker, R., Charnes, A., & Cooper, W. (1984). Some models for estimating technical and scale inefficiencies in data envelopment analysise. Management Science, 30(9), 1031–1142. https://doi.org/https://doi.org/10.1287/mnsc.30.9.1078 DOI: https://doi.org/10.1287/mnsc.30.9.1078

Casu, B., & Molyneux, P. (2003). A comparative study of efficiency in European banking. Applied Economics, 35(17), 1865–1876. https://doi.org/https://doi.org/10.1080/0003684032000158109 DOI: https://doi.org/10.1080/0003684032000158109

Cooper, W. W., Selford, L. M., & Zhu, J. (2011). Data Envelopment Analysis: History, Models and Interpretations. In: Cooper W., Seiford L., Zhu J. (eds) Handbook on Data Envelopment Analysis. International Series in Operations Research & Management Science, 164, 1–39. https://doi.org/https://doi.org/10.1007/978-1-4419-6151-8_1 DOI: https://doi.org/10.1007/978-1-4419-6151-8_1

Dadan. (2019). Revolusi Industri 4.0. Jakarta.

Dadang, M., Hafidz, J., Astuti Riska, I., & Oktapiani, R. (2014). Faktor-Faktor Penetu Efisiensi Perbankan serta Dampaknya terhadap Perhitungan Suku Bunga Kredit.

Dangolani, S. K. (2011). The Impact of Information Technology in Banking System (A Case Study in Bank Keshavarzi IRAN). Procedia-Social and Behavioral Science, 30, 13–16. https://doi.org/https://doi.org/10.1016/j.sbspro.2011.10.003 DOI: https://doi.org/10.1016/j.sbspro.2011.10.003

Fethi, M. D., & Pasiouras, F. (2010). Assessing bank efficiency and performance with operational research and artificial intelligence techniques : A survey. European Journal of Operational Research, 204, 189–198. https://doi.org/10.1016/j.ejor.2009.08.003 DOI: https://doi.org/10.1016/j.ejor.2009.08.003

Gichungu, Z. N., & Oloko, M. A. (2015). Relationship between Bank Innovations and Financial Performance of Commercial Banks in Kenya. International Journal of Education and Research, 3(5), 443–456. Retrieved from https://www.ijern.com/journal/2015/May-2015/39.pdf

Gordo, G. M. (2013). Estimating Philippines Bank Efficiencies Using Frontier Analysis. Philippines Management Review, 20, 17–36. Retrieved from http://cba.upd.edu.ph/docs/DP/1202_gordo.pdf.%0A

Hastuti, R. K. (2019, June 7). Perbankan Syariah Masih Sulit Bersaing Dengan Konvensional. CNBC Indonesia. Retrieved from https://www.cnbcindonesia.com/syariah/20190607133414-29-77037

Hidayat, R. (2014). Efisiensi Perbankan Syariah: Teori dan Praktek. Bekasi: Gramata Publishing.

Ho, S., & Mallick, S. (2010). The impact of information technology on the banking industry. Journal of The Operational Research Society, 61(2), 211–221. https://doi.org/https://doi.org/10.1057/jors.2008.128 DOI: https://doi.org/10.1057/jors.2008.128

Indonesia, G. B. PERATURAN BANK INDONESIA NOMOR: 7/2/PBI/2005 TENTANG PENILAIAN KUALITAS AKTIVA BANK UMUM (2005). Bank Indonesia. Retrieved from www.bi.go.id DOI: https://doi.org/10.21098/bemp.v7i4.121

Indonesia, G. B. PERATURAN BANK INDONESIA NOMOR: 13/ 1 /PBI/2011 TENTANG PENILAIAN TINGKAT KESEHATAN BANK UMUM (2011). Bank Indonesia. Retrieved from www.bi.go.id

Inel, M. N. (2019). An empirical study on measurement of efficiency of digital transformation by using data envelopment analysis. Management Science Letters, 9, 549–556. https://doi.org/10.5267/j.msl.2019.1.008 DOI: https://doi.org/10.5267/j.msl.2019.1.008

Masduki, A. (2019). Ini Tantangan Perbankan di Era Revolusi Industri 4.0. Retrieved from https://ekbis.sindonews.com/read/1384230/178/ini-tantangan-perbankan-di-era-revolusi-industri-40-1551794180

MIX Marketing & Communication. (2019). Industri 4.0 Ketika Dunia dalam Satu Genggaman. Jakarta: Asoka Aksara.

Novaindra, R. (2014). ANALISIS PERBANDINGAN EFISIENSI PERBANKAN SYARIAH DAN KONVENSIONAL DI INDONESIA. Jurnal Ekonomi Dan Pembangunan, 22(2), 183–193. https://doi.org/https://doi.org/10.14203/JEP.22.2.2014.183-193

OJK. (2019). Statistik Perbankan Syariah OJK Kuartal 1 2019.

Pambuko, Z. B. (2016). Determinan Tingkat Efisiensi Perbankan Syariah Di Indonesia: Two Stages Data Envelopment Analysis. Cakrawala: Jurnal Studi Islam, 11(2), 178–194. https://doi.org/10.31603/cakrawala.v11i2.249 DOI: https://doi.org/10.31603/cakrawala.v11i2.249

Ramly, A. R., & Hakim, A. (2017). Pemodelan Efisiensi Bank di Indonesia: Perbandingan antara Bank Syariah dan Bank Konvensional. Esensi: Jurnal Bisnis Dan Manajemen, 7(April), 131–148. https://doi.org/10.15408/ess.v7i2. DOI: https://doi.org/10.15408/ess.v7i2.4989

Romdhane, S. Ben. (2013). INFORMATION TECHNOLOGY ON THE IMPACT OF PERFORMANCE OF TUNISIAN BANKS : A STOCHASTIC FRONTIER ANALYSIS WITH PANEL DATA. ASIAN ACADEMY of MANAGEMENT JOURNAL of ACCOUNTING and FINANCE, 9(2), 95–125. Retrieved from http://web.usm.my/journal/aamjaf/vol 9-2-2013/AAMJAF 9-2-art 5 (95-125).pdf

Rusydiana, A. S. (2018). Efisiensi Dan Stabilitas Bank Umum Syariah Di Indonesia. Akuntabilitas: Jurnal Ilmu Akuntansi, 11(2), 203–222. https://doi.org/10.15408/akt.v11i2.7033 DOI: https://doi.org/10.15408/akt.v11i2.7033

Rusydiana, A. S. (2019). Efisiensi Sosial dan Finansial Bank Syariah di Indonesia : Pendekatan Nonparametrik. Jurnal Riset Akuntansi Dan Keuangan Indonesia, 4(1), 13–25. https://doi.org/https://doi.org/10.23917/reaksi.v4i1.6814 DOI: https://doi.org/10.23917/reaksi.v4i1.6814

Sebayang, R. (2018). BI Targetkan Industri Syariah Capai Market Share 20%,. Retrieved from https://www.cnbcindonesia.com/syariah/20181212142636-29-46049/2023-bi-targetkan-industri-syariah-capai-market-share-20

Widowati. (2019). Indonesia Masuk 10 Negara yang Pasar Keuangan Syariahnya Tumbuh Pesat. Retrieved from https://databoks.katadata.co.id/datapublish/2019/05/14/indonesia-masuk-daftar-10-negara-yang-pasar-keuangan-syariahnya-tumbuh-pesat

Yang, F., & Qi, Y. (2017). An empirical study on the efficiency of bank innovation in the context of internet financial development. Advances in Economics, Business and Management Research, 33, 931–937. https://doi.org/https://dx.doi.org/10.2991/febm-17.2017.125 DOI: https://doi.org/10.2991/febm-17.2017.125

Picture in here are illustration from public domain image (License) or provided by the author, as part of their works
Published
2022-10-09
 
Issue
Vol 6 No 2 (2022): October
Section
Articles

Copyright (c) 2022 Reny Fitriana Kaban, Novita Setyawati

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Funding data

Crossref
Scopus
Google Scholar
Europe PMC