In Search for Islamic Macroprudential Policy in Indonesia: The Case of Financing to Value (FTV) and Property Financing
This study aims to examine the impact of macroprudential policy particlarly the relaxing of Financing to Value (FTV) on property financing of Islamic bank in case of Indonesia. In addition, this paper also analyzes the impact of macroeconomic variables and specific factors on property financing in I...
| Main Authors: | , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Universitas Ahmad Dahlan
2018-11-01
|
| Series: | Ihtifaz |
| Subjects: | |
| Online Access: | http://journal2.uad.ac.id/index.php/ijiefb/article/view/275 |
| _version_ | 1818651493240143872 |
|---|---|
| author | Abdul Qoyum Neneng Ela Fauziyyah |
| author_facet | Abdul Qoyum Neneng Ela Fauziyyah |
| author_sort | Abdul Qoyum |
| collection | DOAJ |
| description | This study aims to examine the impact of macroprudential policy particlarly the relaxing of Financing to Value (FTV) on property financing of Islamic bank in case of Indonesia. In addition, this paper also analyzes the impact of macroeconomic variables and specific factors on property financing in Islamic Bank. This paper collects data from the Bank Indonesia website, the Financial Services Authority (FSA) and the Central Statistics Agency (CSA) form January 2010 until April 2016. By employing Vector Error Correction Model (VECM), this study found that inflation and Industry Produce Index (IPI) have been positively influence on the property financing, while the BI rate and financing to deposit ratio (FDR) have been negatively influence on the property financing. While the relaxing of FTV policy also negatively influence on the property financing. Therefore, This study conludes that the policy have not effectived yet. |
| first_indexed | 2024-12-17T02:06:59Z |
| format | Article |
| id | doaj.art-cd0d4b132fd342cca70e35557fe73c73 |
| institution | Directory Open Access Journal |
| issn | 2622-4755 2622-4798 |
| language | English |
| last_indexed | 2024-12-17T02:06:59Z |
| publishDate | 2018-11-01 |
| publisher | Universitas Ahmad Dahlan |
| record_format | Article |
| series | Ihtifaz |
| spelling | doaj.art-cd0d4b132fd342cca70e35557fe73c732022-12-21T22:07:40ZengUniversitas Ahmad DahlanIhtifaz2622-47552622-47982018-11-011112010.12928/ijiefb.v1i1.275150In Search for Islamic Macroprudential Policy in Indonesia: The Case of Financing to Value (FTV) and Property FinancingAbdul Qoyum0Neneng Ela Fauziyyah1State Islamic University Sunan Kalijaga YogyakartaInternational Islamic University MalaysiaThis study aims to examine the impact of macroprudential policy particlarly the relaxing of Financing to Value (FTV) on property financing of Islamic bank in case of Indonesia. In addition, this paper also analyzes the impact of macroeconomic variables and specific factors on property financing in Islamic Bank. This paper collects data from the Bank Indonesia website, the Financial Services Authority (FSA) and the Central Statistics Agency (CSA) form January 2010 until April 2016. By employing Vector Error Correction Model (VECM), this study found that inflation and Industry Produce Index (IPI) have been positively influence on the property financing, while the BI rate and financing to deposit ratio (FDR) have been negatively influence on the property financing. While the relaxing of FTV policy also negatively influence on the property financing. Therefore, This study conludes that the policy have not effectived yet.http://journal2.uad.ac.id/index.php/ijiefb/article/view/275Macroprudential PolicyFinancing to Value (FTV)Property FinancingVector Error Correction Model (VECM) |
| spellingShingle | Abdul Qoyum Neneng Ela Fauziyyah In Search for Islamic Macroprudential Policy in Indonesia: The Case of Financing to Value (FTV) and Property Financing Ihtifaz Macroprudential Policy Financing to Value (FTV) Property Financing Vector Error Correction Model (VECM) |
| title | In Search for Islamic Macroprudential Policy in Indonesia: The Case of Financing to Value (FTV) and Property Financing |
| title_full | In Search for Islamic Macroprudential Policy in Indonesia: The Case of Financing to Value (FTV) and Property Financing |
| title_fullStr | In Search for Islamic Macroprudential Policy in Indonesia: The Case of Financing to Value (FTV) and Property Financing |
| title_full_unstemmed | In Search for Islamic Macroprudential Policy in Indonesia: The Case of Financing to Value (FTV) and Property Financing |
| title_short | In Search for Islamic Macroprudential Policy in Indonesia: The Case of Financing to Value (FTV) and Property Financing |
| title_sort | in search for islamic macroprudential policy in indonesia the case of financing to value ftv and property financing |
| topic | Macroprudential Policy Financing to Value (FTV) Property Financing Vector Error Correction Model (VECM) |
| url | http://journal2.uad.ac.id/index.php/ijiefb/article/view/275 |
| work_keys_str_mv | AT abdulqoyum insearchforislamicmacroprudentialpolicyinindonesiathecaseoffinancingtovalueftvandpropertyfinancing AT nenengelafauziyyah insearchforislamicmacroprudentialpolicyinindonesiathecaseoffinancingtovalueftvandpropertyfinancing |