ANALYSIS OF THE EFFECTS OF INFLATION, INTEREST RATES AND FINANCING EXCHANGE RATES: THIRD-PARTY FUNDS AS A VARIABLE OF ISLAMIC BANKING INTERVENTION IN INDONESIA

Nanang Ari Yanto; Elyanti Rosmanidar; Titin Agustin Nengsih; Usdeldi Usdeldi; Umi Muzakiyatuk Laila

Nanang Ari Yanto Suthan Thaha Saifuddin State Islamic University Jambi
Elyanti Rosmanidar UIN STS JAMBI
Titin Agustin Nengsih Suthan Thaha Saifuddin State Islamic University Jambi
Usdeldi Usdeldi Suthan Thaha Saifuddin State Islamic University Jambi
Umi Muzakiyatuk Laila Suthan Thaha Saifuddin State Islamic University Jambi

Abstract

The purpose of this study is to understand how inflation as measured through consumer price indices, interest rates, and exchange rates affects financing obtained from third-party funds in Islamic Banking in Indonesia. This research takes place in a quantitative framework and applies path analysis as a data processing technique. The data used is secondary in the form of a time series, including total financing, mudharabah financing, musyarakah financing, murabahah financing, as well as third-party fund variables, inflation, interest rates, and exchange rates. Data processing is carried out using the Eviews version 12 application. The findings of this study indicate that inflation affects total financing, mudharabah financing, musyarakah financing, while not impacting murabahah financing and third-party funds. In contrast, interest rates have no effect on total financing and third-party funds. The exchange rate also has no impact on third-party funds. Third-party funds show a positive influence but have no impact on financing. The results of the path analysis show that third-party funds do not function as mediators between total financing, mudharabah financing, musharakah financing, and murabahah financing.

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