Initial Identification of Mudharabah Savings Market Share Improvement Strategies in Indonesia
Sharia banking has been arising for 26 years in Indonesia. Its market share is still lower than 5%. Study about sharia banking’s market share is always an interesting observation. Mudharabah savings as one of the third party fund has a significant role to improve market share by low cost fund type....
| Main Authors: | , , |
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| Format: | Article |
| Language: | English |
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Bogor Agricultural University
2018-05-01
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| Series: | Indonesian Journal of Business and Entrepreneurship |
| Subjects: | |
| Online Access: | http://journal.ipb.ac.id/index.php/ijbe/article/view/18538 |
| _version_ | 1818609650668404736 |
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| author | Putri Ramadhani Saragih Jaenal Effendi Imam Teguh Saptono |
| author_facet | Putri Ramadhani Saragih Jaenal Effendi Imam Teguh Saptono |
| author_sort | Putri Ramadhani Saragih |
| collection | DOAJ |
| description | Sharia banking has been arising for 26 years in Indonesia. Its market share is still lower than 5%. Study about sharia banking’s market share is always an interesting observation. Mudharabah savings as one of the third party fund has a significant role to improve market share by low cost fund type. The objectives of this study are to analyze mudharabah savings elasticity, significant independent factor to it and initial market share improvement strategies. The methods used to combine vector error correction model (VECM) and business model canvas (BMC). This research concludes that conventional bank rates and sharia bank outlets have a relationship with mudharabah contract savings demand. Furthermore, mudharabah savings has a substitute relationship with conventional saving by negative cross elasticity. The results are combined with business model canvas (BMC) to describe mudharabah saving business model as a managerial action to explain initial strategies of mudharabah saving. BMC arranged by choosing conventional bank rates as value proposition focus and sharia bank outlets as key resources focus.
Keywords: demand elasticity, mudharabah savings, business model canvas (BMC), sharia banking, initial strategies |
| first_indexed | 2024-12-16T15:01:55Z |
| format | Article |
| id | doaj.art-1b559e562c72452da7142980425addf5 |
| institution | Directory Open Access Journal |
| issn | 2407-5434 2407-7321 |
| language | English |
| last_indexed | 2024-12-16T15:01:55Z |
| publishDate | 2018-05-01 |
| publisher | Bogor Agricultural University |
| record_format | Article |
| series | Indonesian Journal of Business and Entrepreneurship |
| spelling | doaj.art-1b559e562c72452da7142980425addf52022-12-21T22:27:16ZengBogor Agricultural UniversityIndonesian Journal of Business and Entrepreneurship2407-54342407-73212018-05-014214114110.17358/ijbe.4.2.14118538Initial Identification of Mudharabah Savings Market Share Improvement Strategies in IndonesiaPutri Ramadhani Saragih0Jaenal Effendi1Imam Teguh Saptono2School of Business, Bogor Agricultural UniversityDepartment of Syariah Economics, Faculty of Economics and Management, Bogor Agricultural UniversityGlobal Wakaf Corp. ACTSharia banking has been arising for 26 years in Indonesia. Its market share is still lower than 5%. Study about sharia banking’s market share is always an interesting observation. Mudharabah savings as one of the third party fund has a significant role to improve market share by low cost fund type. The objectives of this study are to analyze mudharabah savings elasticity, significant independent factor to it and initial market share improvement strategies. The methods used to combine vector error correction model (VECM) and business model canvas (BMC). This research concludes that conventional bank rates and sharia bank outlets have a relationship with mudharabah contract savings demand. Furthermore, mudharabah savings has a substitute relationship with conventional saving by negative cross elasticity. The results are combined with business model canvas (BMC) to describe mudharabah saving business model as a managerial action to explain initial strategies of mudharabah saving. BMC arranged by choosing conventional bank rates as value proposition focus and sharia bank outlets as key resources focus. Keywords: demand elasticity, mudharabah savings, business model canvas (BMC), sharia banking, initial strategieshttp://journal.ipb.ac.id/index.php/ijbe/article/view/18538demand elasticitymudharabah savingsbusiness model canvas (bmc)sharia bankingmarket share |
| spellingShingle | Putri Ramadhani Saragih Jaenal Effendi Imam Teguh Saptono Initial Identification of Mudharabah Savings Market Share Improvement Strategies in Indonesia Indonesian Journal of Business and Entrepreneurship demand elasticity mudharabah savings business model canvas (bmc) sharia banking market share |
| title | Initial Identification of Mudharabah Savings Market Share Improvement Strategies in Indonesia |
| title_full | Initial Identification of Mudharabah Savings Market Share Improvement Strategies in Indonesia |
| title_fullStr | Initial Identification of Mudharabah Savings Market Share Improvement Strategies in Indonesia |
| title_full_unstemmed | Initial Identification of Mudharabah Savings Market Share Improvement Strategies in Indonesia |
| title_short | Initial Identification of Mudharabah Savings Market Share Improvement Strategies in Indonesia |
| title_sort | initial identification of mudharabah savings market share improvement strategies in indonesia |
| topic | demand elasticity mudharabah savings business model canvas (bmc) sharia banking market share |
| url | http://journal.ipb.ac.id/index.php/ijbe/article/view/18538 |
| work_keys_str_mv | AT putriramadhanisaragih initialidentificationofmudharabahsavingsmarketshareimprovementstrategiesinindonesia AT jaenaleffendi initialidentificationofmudharabahsavingsmarketshareimprovementstrategiesinindonesia AT imamteguhsaptono initialidentificationofmudharabahsavingsmarketshareimprovementstrategiesinindonesia |