Optimum Financing Portfolio Of Islamic Microfinance Institutions: Indonesia Case

Palabras clave: Financing Portfolio, Islamic Microfinance Institution, Murabahah, Mudharabah-Musyarakah. Institución Islámica de Microfinanzas, Mudharabah-Musyarakah, Portafolio de Financiamiento.

Resumen

ABSTRACT

 

The purpose of this paper is to analyze the risk-return of financing and find the optimum financing instruments portfolio of Islamic microfinance institutions (IMFI).The optimum portfolio financing is determined by the minimum coefficients of variation of financing instruments portfolio, namely Murabahah, Mudharabah-Musyarakah, and Ijarah. The methodology of this study is quantitative, which is using risk and return theory to compute risk, return, variance, and coefficient of variation of financing instruments portfolio. The solver program of Microsoft Excel is used to find the optimum combination and composition of financing portfolio. This research found that ijarah financing has the highest return.

RESUMEN

 

El propósito de este documento es analizar el retorno del riesgo del financiamiento y encontrar la cartera óptima de instrumentos financieros de las instituciones de microfinanzas islámicas (IMFI). La financiación óptima de la cartera está determinada por los coeficientes mínimos de variación de la cartera de instrumentos de financiación, a saber, Murabahah, Mudharabah-Musyarakah e Ijarah. La metodología de este estudio es cuantitativa, que utiliza la teoría del riesgo y el rendimiento para calcular el riesgo, el rendimiento, la varianza y el coeficiente de variación de la cartera de instrumentos financieros. El programa de solución de Microsoft Excel se utiliza para encontrar la combinación óptima y la composición de la cartera de financiación. Esta investigación encontró que el financiamiento de ijarah tiene el mayor rendimiento.

 

Biografía del autor/a

I. MAWARDI, Universitas Airlangga

Imron is a lecturer and researcher at Faculty of Economics and Business Universitas Airlangga, Indonesia. His subjects are Islamic economics, finance, investment, banking, risk management, and insurance and portfolio management. Imron Mawardi has a Ph.D. in Islamic Economics from Universitas Airlangga.

T. WIDIASTUTI, Universitas Airlangga

Tika is a lecturer and researcher at Faculty of Economics and Business Universitas Airlangga, Indonesia. Her subjects are Islamic economics, and finance. Tika Widiastuti has a Ph.D. in Islamic Economics from Universitas Airlangga. She got an award titled “SERTIFIKASI PENDIDIK” in 2012.

P. S SUKMANINGRUM, Universitas Airlangga

Puji Sucia is a lecturer and researcher at the Faculty of Economics and Business Universitas Airlangga, Indonesia. Her subjects are Islamic economics, risk management and insurance and finance. Puji Sucia Sukmaningrum is a master in Islamic Finance from International Center of Education in Islamic Finance (INCEIF) Malaysia.

M. U AL MUSTOFA, Universitas Airlangga

Muhammad Ubaidillah is a student of graduate program of Islamic Economics at Faculty of Economics and Business Universitas Airlangga. His research interests are Islamic Finance and Banking, Islamic Economics, and International Economics.

Citas

BIBLIOGRAPHY

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Publicado
2019-12-08
Cómo citar
MAWARDI, I., WIDIASTUTI, T., SUKMANINGRUM, P. S., & AL MUSTOFA, M. U. (2019). Optimum Financing Portfolio Of Islamic Microfinance Institutions: Indonesia Case. Utopía Y Praxis Latinoamericana, 24(1), 268-274. Recuperado a partir de https://www.produccioncientificaluz.org/index.php/utopia/article/view/29956