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Perbankan Syariah dan Perbankan Berdasarkan Bunga: Manakah yang Lebih Optimal?

Author

Listed:
  • Tarsidin

    (FEUI)

  • Perry Warjiyo

    (Bank Indonesia)

Abstract

Unlike the conventional interest-base bank, the Islamic banks use both equity financing with profit sharing and debt-like financilng with mark-up, and at the funding side they use both investment scheme with revenue sharing and deposit scheme with rewards. The conventional bank use debt financing with interest and at the funding side use the deposit scheme with interest as well. The optimally of the two banking systems will be tested to determine which one is more optimal in terms of the wealth of the bank shareholder, the welfare of the entrepreneur, and the welfare of the depositors. Using a multiperiod static optimization approach, the result shows that in the interest-based banking is more optimal in terms of the shareholder wealth and the depositor’s welfare, while the Islamic banking is more optimal in terms of the entrepreneur welfare.

Suggested Citation

  • Tarsidin & Perry Warjiyo, 2006. "Perbankan Syariah dan Perbankan Berdasarkan Bunga: Manakah yang Lebih Optimal?," Bulletin of Monetary Economics and Banking, Bank Indonesia, vol. 9(2), pages 1-42, October.
    • Handle: RePEc:idn:journl:v:9:y:2006:i:2:p:1-42
    DOI: https://doi.org/10.21098/bemp.v9i2.204
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    More about this item

    Keywords

    Sistem perbankan; bank syariah; bunga; bagi hasil; mudharabah; wadi’ah;
    All these keywords.

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • P51 - Political Economy and Comparative Economic Systems - - Comparative Economic Systems - - - Comparative Analysis of Economic Systems

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