The Effect of Inflation and the BI Rate on Murabahah Financing at Bank Syariah Indonesia Tbk
DOI:
https://doi.org/10.33751/jhss.v10i1.143Keywords:
Inflation, BI Rate, Murabahah Financing, Bank Syariah IndonesiaAbstract
The purpose of this study is to examine how Bank Syariah Indonesia's murabahah financing is affected by inflation and the BI Rate. Secondary data from Bank Syariah Indonesia's financial statements and macroeconomic statistics on inflation and the BI Rate received from Bank Indonesia via its official website were used in this analysis. The findings indicate that murabahah funding is somewhat negatively impacted by inflation, albeit not significantly. This indicates that an increase in inflation tends to reduce murabahah financing due to the decline in people's purchasing power; however, the effect is not statistically significant. Meanwhile, the BI Rate has a positive and significant effect on murabahah financing, indicating that changes in the BI Rate can influence the increase in the distribution of murabahah financing. Simultaneously, inflation and the BI Rate have a significant effect on murabahah financing. In addition, both variables have a relatively strong ability to explain the variation in murabahah financing, although there are still other factors outside the research model that also influence it.
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