Melola Discovery

← Melola Discovery

Jurnal SINTA 1

Optimal Hajj Funds Management by Islamic Bank

ETIKONOMI · Vol. 18 No. 2 (2019) · hlm. 303–314

DOI
10.15408/etk.v18i2.10938
ISSN
2461-0771, 1412-8969
Terbit
2019-09-22
Penerbit
Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah Jakarta
Bahasa
eng

Abstrak

The purpose of this paper is to find the optimal portfolio of Hajj fund management by the Islamic banks in Indonesia. BPKH, as an authority, can place the Hajj fund on Islamic bank deposits. However, Islamic banks limited the expected returns and risks set by BPKH so that the appropriate strategy is required to establish the optimal of portfolio. Islamic banks face a trade-off because of the increased level of risk constrains the intention to get higher returns. This study uses a mean-variance portfolio optimization theory to construct such an optimal portfolio. Finally, this study recommends Murabaha financing and SBIS to Islamic banks as the optimal portfolio selection. The combination of an efficient portfolio that has formed cannot be fully employed because the expectation limits them. However, Islamic banks can still select the optimal portfolio combination according to their risk preferences.JEL Classification: G11, G18

Kata kunci

Jaringan kolaborasi para penulis

22 penulis · 44 tautan kepenulisan bersama · 16 lintas organisasi

Arahkan kursor atau ketuk sebuah nama untuk menyorot rekan penulisnya. Klik dua kali untuk membuka halaman penulis.

  • IPB University
  • Griffith University
  • Universitas Trisakti
  • Bank Indonesia
  • University of Indonesia
  • Siliwangi University
  • Universitas Airlangga
  • Afiliasi tidak diketahui
  • Organisasi berbeda
  • Organisasi sama
  • Afiliasi tidak diketahui
  • Garis lebih tebal = lebih banyak artikel bersama · lingkaran lebih besar = lebih banyak artikel
Tampilkan sebagai tabel
Rekan penulisOrganisasiArtikel bersama
Hermanto SiregarIPB University3
Kepas Antoni Adrianus ManurungIPB University1
Dedi Budiman HakimIPB University1
Tatik MariyantiUniversitas Trisakti1
Lokot Zein NasutionUniversitas Trisakti1
Gunawan Setyo UtomoUniversity of Indonesia1
Iwan WisandaniSiliwangi University1
Sri IswatiUniversitas Airlangga1
Arif Imam SurosoIPB University1
Hansen TandraIPB University1
Adi HaryonoIPB University1
Reza MustafaAfiliasi tidak diketahui1
Irfan Syauqi BeikIPB University1
SuhendiIPB University1
M Luthfi HamidiGriffith University1
Andrew C. WorthingtonGriffith University1
Tracey WestGriffith University1
Bagus SartonoIPB University1
Dhanu SaptowulanIPB University1

Afiliasi berasal dari OpenAlex; metadata OAI-PMH jurnal tidak memuatnya. Penulis tanpa ID OpenAlex dicocokkan berdasarkan nama, sehingga dua orang bisa tergabung atau satu orang bisa terpisah.

Sumber metadata: OAI-PMH (metadata jurnal) http://journal.uinjkt.ac.id/index.php/etikonomi/oai, pertama di-harvest 8 Nov 2026, terakhir terlihat 8 Nov 2026.
Metadata asli (oai_dc) 
<oai_dc:dc xmlns="http://www.openarchives.org/OAI/2.0/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:oai_dc="http://www.openarchives.org/OAI/2.0/oai_dc/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/  http://www.openarchives.org/OAI/2.0/oai_dc.xsd">
	<dc:title xml:lang="en">Optimal Hajj Funds Management by Islamic Bank</dc:title>
	<dc:creator xml:lang="en">Pratiwi, Ariani Dian</dc:creator>
	<dc:creator xml:lang="en">Fahmi, Idqan</dc:creator>
	<dc:creator xml:lang="en">Ismal, Rifki</dc:creator>
	<dc:subject xml:lang="en">Hajj fund</dc:subject>
	<dc:subject xml:lang="en">Islamic banking</dc:subject>
	<dc:subject xml:lang="en">efficient portfolio</dc:subject>
	<dc:description xml:lang="en">The purpose of this paper is to find the optimal portfolio of Hajj fund management by the Islamic banks in Indonesia. BPKH, as an authority, can place the Hajj fund on Islamic bank deposits. However, Islamic banks limited the expected returns and risks set by BPKH so that the appropriate strategy is required to establish the optimal of portfolio. Islamic banks face a trade-off because of the increased level of risk constrains the intention to get higher returns. This study uses a mean-variance portfolio optimization theory to construct such an optimal portfolio. Finally, this study recommends Murabaha financing and SBIS to Islamic banks as the optimal portfolio selection. The combination of an efficient portfolio that has formed cannot be fully employed because the expectation limits them. However, Islamic banks can still select the optimal portfolio combination according to their risk preferences.JEL Classification: G11, G18</dc:description>
	<dc:publisher xml:lang="en">Faculty of Economic and Business, Universitas Islam Negeri Syarif Hidayatullah Jakarta</dc:publisher>
	<dc:date>2019-09-22</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:format>application/pdf</dc:format>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.uinjkt.ac.id/index.php/etikonomi/article/view/10938</dc:identifier>
	<dc:identifier>10.15408/etk.v18i2.10938</dc:identifier>
	<dc:source xml:lang="en">ETIKONOMI; Vol. 18 No. 2 (2019); 303-314</dc:source>
	<dc:source>2461-0771</dc:source>
	<dc:source>1412-8969</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.uinjkt.ac.id/index.php/etikonomi/article/view/10938/pdf</dc:relation>
	<dc:relation>https://journal.uinjkt.ac.id/index.php/etikonomi/article/view/10938/16085</dc:relation>
	<dc:relation>https://journal.uinjkt.ac.id/index.php/etikonomi/article/view/10938/16086</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2019 ETIKONOMI</dc:rights>
</oai_dc:dc>