Performance Measurement Letters

Takaful and Insurance Efficiency Determinants: Pre and Post Covid-19 Pandemic

Ahmat Parizi, Ririn Riani — Mon, 18 Mar 2024 00:00:00 +0000

This study aims to compare the efficiency of the performance of sharia insurance companies (full fledge) and conventional insurance operating in Indonesia using two stages of data envelopment analysis (DEA) for the period before and during Covid-19 (2018 - 2021). The first stage is to measure efficiency using the non-parametric DEA approach and the second stage uses the Tobit Regression model to see the factors that affect the efficiency level of insurance companies during the period of Covid-19. This result indicates the average efficiency score of Sharia and conventional insurance fluctuated, especially in 2020 there was a decline in efficiency scores, and it is evidence that Covid-19 has had little effect on the insurance business, both conventional and sharia insurance. However, this study reveals that the average conventional insurance can adjust to these conditions faster than the average sharia insurance. The effect on the efficiency level of the insurance companies can be seen from internal and external factors. The findings in this study indicate that insurance efficiency is more influenced by internal variables such as SIZE, ROA and NPM than external variables. There was no significant change in insurance efficiency during the Covid-19 pandemic.

Islamic Banking Performance: How Far has It been Reviewed?

Syahdatul Maulida — Wed, 20 Mar 2024 00:00:00 +0000

The study aims to analyze the development of Islamic banking performance research. The data sources used in this research are scientific publications indexed in the Scopus database with a period range from 1990 to March 21, 2024. This research uses bibliometric research methodology with the help of Biblioshiny-R software. The results show that MK Hassan and IIUM Malaysia are the authors and institutions that produce the most publications related to Islamic banking performance. Meanwhile, Indonesia and Malaysia are the two most productive countries in this study area. As for the research path analysis, there are at least 2 research paths related to the topic of Islamic banking performance contained in the Scopus database, namely: (1) Islamic banking performance towards social and financial responsibility, and (2) Comparison between Islamic and conventional banking in facing the global financial crisis. Both lines need to be explored further with elaboration on topics that have not been widely researched.

Indonesia Islamic Banks Performance Pre and During Covid-19 Pandemic Based on the Maqāsid Sharīʿah Index

Siti Annisa Satifa, Murniati Mukhlisin — Wed, 20 Mar 2024 00:00:00 +0000

This study try to analyze and compare the performance of Islamic commercial banks pre and during COVID-19 (2018- 2021) based on the Maqāsid ul-sharīʿah index using the Simple Additive Weighting Method (SAW) which was carried out on 11 Islamic commercial banks in Indonesia and to provide deeper information to stakeholders regarding the performance of Islamic commercial banks which are different with conventional bank. The result show that there were eight banks that experienced an increase in Maqāsid ul-sharīʿah performance from the pre-COVID- 19 period, while 3 other banks decreased in terms of performance. On the other hand, when viewed from a rating comparison perspective, there are four banks that have experienced an increase in rating and 3 banks have decreased in terms of rating, while the remaining four banks are at the same rating.

Measuring the Productivity of SDG-3 Output in OIC Countries

Hasna Luthfi Khairunnisa — Mon, 18 Mar 2024 00:00:00 +0000

Sustainable Development Goal 3 (SDG 3) focuses on ensuring healthy lives and promoting well-being for all at all ages. It aims to address various aspects of health and well-being, with specific targets to achieve by 2030. This study aims to calculate the efficiency and productivity based on SDG-3 output, 'Good Health and Wellbeing' in 50 countries that are members of the OIC over an 8-year period, from 2010 to 2017. Efficiency measurement was conducted using the Data Envelopment Analysis (DEA) method. Meanwhile, to measure the productivity score, this study using Malmquist Productivity Index (MPI). The result shows that the average efficiency value of OIC countries as a whole is 0.54. The country with the highest efficient value is Brunei with an efficiency value of 0.998, and the lowest country with an efficiency value of 0.35 is Indonesia. On the other hand, the country that experienced the most increase in productivity was Turkey with a TFP value of 1.357 and the country that experienced the largest decrease in productivity was Cameroon with a TFP value of 0.746.

The Effect of Micro and Macroeconomic Variables on Performance of Islamic Life Insurance in Southeast Asia

Alvi Aulia Shofyani, Sepky Mardian, Mulyaning Wulan — Wed, 20 Mar 2024 00:00:00 +0000

This study aims to determine the effect of gross contribution income, investment income and macroeconomic variables consisting of GDP, inflation and exchange rates on the growth of assets of Islamic life insurance companies in the Southeast Asian region. This research is a quantitative research with associative type. The analysis method used is panel data regression analysis with the help of E-views 12 software. The required data consists of company financial statements published through each company's website and World Bank Group data. The study was conducted on sharia life insurance during the 2017-2021 period with a sample of 33 companies. The results showed that partial contribution had a positive effect on asset growth, while GDP and exchange rates had a negative effect on asset growth, furthermore investment income and inflation did not affect the asset growth of Islamic life insurance companies in Southeast Asia. Simultaneously, all independent variables contributed 47% to the growth of Islamic life insurance company assets in Southeast Asia. The rest (53%) were influenced by other variables not addressed in the study.