Analisis Faktor-Faktor Penentu Pembiayaan Perbankan Syariah pada Sektor Konstruksi di Indonesia

Abstract

The construction sector is an important sector in supporting development projects in Indonesia. The development of the construction sector needs the role of the banking sector to help access capital through credit or financing. This study aims to analyze the relationships among factors of banking performance, monetary instruments, macroeconomic condition and rate of return towards construction financing in Islamic banking. This study uses Vector Error Correction model with monthly data from 2006 until 2012. The results of this study, first, that ratio of construction financing is decreasing years to years. Second. the ratio of construction financing responds positively to the shock of Financing to Deposit Ratio (FDR), the interest rate of SBI (SBI), Industrial Production Index (IPI), inflation rate (INF), and equivalent rate financing (ERP). While shocks of Third Party Funds (DPK), lending rates (SBK), non performing financing (NPF), fee of SBIS (BSBIS), and the placement of funds in PUAS (PUAS) variables are responded negatively. The implications of this study that Islamic banking should be able to be more focused on construction financing as it will provide great benefits to the development of real sector and national income. In addition, Islamic banking should more concern on assesment criteria to choose borrowers in order to reduce the amount of non performing financing.