The Influence of Money Supply, Inflation and Rupiah Exchange Rate on Murabahah Financing Margins PT. Indonesian Sharia Bank 2013-2022

Abstract

This research aims to determine the influence of the Money Supply, Inflation and Rupiah Exchange Rate on Murabahah Financing Margins in Indonesian Sharia Banks throughout Indonesia from 2013-2022. The type of research carried out is quantitative research. The method used in this research uses Vector Auto Regression analysis using the VECM model and data tools processed using Eviews 10. The data used is secondary data taken via the official website of the Central Statistics Agency (BPS) within a period of 10 (ten) years from 2013 -2022. Based on the research results, it is known from the Vector Error Correction Model (VECM) test results of this research that only the Money Supply and Rupiah Exchange variables have a positive and significant impact, while the influence of the Inflation variable on the Murabahah Financing Margin (Indonesian Sharia Bank Case Study 2013-2022) in the short term has a positive and insignificant impact. The influence of Money Supply and Inflation on Murabahah Financing Margins has a positive and significant impact, while the influence of the Rupiah Exchange rate variable on Murabahah Financing Margins for 2013-2022 in the long term has a negative and insignificant impact.