Analisis Investasi dan Sensitivitas Unit Usaha Pembiayaan Syariah menuju Spin Off (Studi Kasus: Adira Finance)
Article Sidebar
Published:
Apr 4, 2018
Keywords:
spin off, analisis sensitivitas, kelayakan investasi, joint financing
Main Article Content
Abstract
The purpose of this study to determine the level of investment feasibility and sensitivity level of sharia financing business unit in the process towards spin off. The investment feasibility analysis is carried out in two schemes: the funding scheme is fully borne by the sharia unit of Adira Finance and the joint financing scheme of funding of units to be financed. Sensitivity analysis is calculated by the scenario of decreasing the number of units financed and the scenario of increasing the financing composition of joint financing. Parameters to be measured in these two analyzes are: Net Present Value (NPV), Benefit Cost Ratio (B/C ratio), Internal Rate of Return (IRR) and Break Even Point (BEP). Based on the calculation of investment analysis, the sharia business unit is not eligible to be separated into sharia unit business if all funding is charged to sharia business unit. While the results of sensitivity analysis calculations obtained that motor finance products more vulnerable to changes in scenarios than car finance products.
Downloads
Download data is not yet available.
Article Details
Section
Articles
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Author(s) who published in this journal agree to following terms:
- Authors understand and agree that copyright of manuscripts published are held by Al-Muzara'ah. The statement to release the copyright to Al-Muzara'ah is stated in form CTA (link doc).
- Copyright encompass exclusive rights to reproduce, to distribute, and to sell any part of the journal articles in all form and media.
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License (CC BY-SA) where Authors and Readers can copy and redistribute the material in any medium or format, as well as remix, transform, and build upon the material for any purpose, but they must give appropriate credit (cite to the article or content), provide a link to the license, and indicate if changes were made. If you remix, transform, or build upon the material, you must distribute your contributions under the same license as the original.
References
Dewi, A.A.S.D.S., Tastrawati, N.K.T., Sari, K. (2014) Analisis sensitivitas dalam optimalisasi keuntungan produksi busana dengan metode simpleks, Jurnal Matematika, 4(2), 90-101.
Gittinger, J.P. (1986) Economic Analysis of Agricultural Projects. Ed ke-2. Completely Revised and Expanded. Baltimore, John Hopkins University Press.
Hamid, A. (2015) The Impact of spin-off policy to the probability on Indonesian Islamic banking industry. Al-Iqtishad, 8(1), 117-126.
Husnan, S., Suwarsono. (1997) Studi Kelayakan Proyek. Cetakan ke- 2, Yogyakarta, UPP AMP YKPN.
Kotler, P., Amstrong, G. (2012) Principles of Marketing: 14thed, New Jersey, Pearson Prentice Hall.
Kusuma, P.T.W.W. & Mayasti, N.K.I. (2014) Analisa kelayakan finasial pengembangan usaha produksi komoditas lokal: mie berbasis jagung, Jurnal AGRITECH universitas Gadjah Mada, 34(2), 194-202
Mahyudi, F., Husinsyah. (2017). Analisis sensitivitas 5% kelayakan usaha tani pembibitan karet “Payung Satu” (Hevea brasilliensis) di Desa Bentok Darat Kecamatan Bati-Bati Kabupaten Tanah Laut Provinsi Kalimantan Selatan, Jurnal Zira`ah, 42(3), 208-214.
Mulyani, U., Yusmini, Edwina, S. (2016) Analisis kelayakan finansial usaha Agroindustri Tahu (Studi kasus Agroindustri Tahu Bapak Warijan di Desa Rambah Muda Kecamatan Rambah Hilir Kabupaten Rokan Hulu), Jom Faperta, 3(1).
Panjaitan, J.L.U., Limbong, W.H., & Suryani, A. (2012) Strategi pengembangan usaha agroindustri tepung gandum di Gapoktan gandum, Kabupaten Bandung. Jurnal Manajemen Pengembangan Industri Kecil Menengah, 7(1), 85-93.
Purwoko, Arkeman ,Y. (2004) Kelayakan industri kerupuk jamur tiram di Kabupaten Bogor, Jurnal Teknik Industri Pertanian, 13(3), 83-91.
Sufa, M.F. (2007) Analisis sensitivitas pada keputusan pembangunan meeting hall untuk minimasi resiko investasi. Jurnal Ilmiah Teknik Industri, 5(3), 97-105.
Suliyanto. (2010) Studi Kelayakan Bisnis: Pendekatan Praktis. Oktaviani HS, editor, Yogyakarta, CV. Andi Offset.
Umar, H. (2000) Studi Kelayakan Bisnis, Manajemen, Metode, dan Kasus, Jakarta, PT. Gramedia Pustaka Utama.
Gittinger, J.P. (1986) Economic Analysis of Agricultural Projects. Ed ke-2. Completely Revised and Expanded. Baltimore, John Hopkins University Press.
Hamid, A. (2015) The Impact of spin-off policy to the probability on Indonesian Islamic banking industry. Al-Iqtishad, 8(1), 117-126.
Husnan, S., Suwarsono. (1997) Studi Kelayakan Proyek. Cetakan ke- 2, Yogyakarta, UPP AMP YKPN.
Kotler, P., Amstrong, G. (2012) Principles of Marketing: 14thed, New Jersey, Pearson Prentice Hall.
Kusuma, P.T.W.W. & Mayasti, N.K.I. (2014) Analisa kelayakan finasial pengembangan usaha produksi komoditas lokal: mie berbasis jagung, Jurnal AGRITECH universitas Gadjah Mada, 34(2), 194-202
Mahyudi, F., Husinsyah. (2017). Analisis sensitivitas 5% kelayakan usaha tani pembibitan karet “Payung Satu” (Hevea brasilliensis) di Desa Bentok Darat Kecamatan Bati-Bati Kabupaten Tanah Laut Provinsi Kalimantan Selatan, Jurnal Zira`ah, 42(3), 208-214.
Mulyani, U., Yusmini, Edwina, S. (2016) Analisis kelayakan finansial usaha Agroindustri Tahu (Studi kasus Agroindustri Tahu Bapak Warijan di Desa Rambah Muda Kecamatan Rambah Hilir Kabupaten Rokan Hulu), Jom Faperta, 3(1).
Panjaitan, J.L.U., Limbong, W.H., & Suryani, A. (2012) Strategi pengembangan usaha agroindustri tepung gandum di Gapoktan gandum, Kabupaten Bandung. Jurnal Manajemen Pengembangan Industri Kecil Menengah, 7(1), 85-93.
Purwoko, Arkeman ,Y. (2004) Kelayakan industri kerupuk jamur tiram di Kabupaten Bogor, Jurnal Teknik Industri Pertanian, 13(3), 83-91.
Sufa, M.F. (2007) Analisis sensitivitas pada keputusan pembangunan meeting hall untuk minimasi resiko investasi. Jurnal Ilmiah Teknik Industri, 5(3), 97-105.
Suliyanto. (2010) Studi Kelayakan Bisnis: Pendekatan Praktis. Oktaviani HS, editor, Yogyakarta, CV. Andi Offset.
Umar, H. (2000) Studi Kelayakan Bisnis, Manajemen, Metode, dan Kasus, Jakarta, PT. Gramedia Pustaka Utama.