Hasyim, Moh. Wahid (2002) Analisis kelayakan investasi bisnis pendirian kantor cabang syariah malang pt. bank rakyat indonesia (persero). Masters thesis, Institut Pertanian Bogor.
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Abstract
MOHAMAD WAHID HASYIM, 2002, Business Investment Feasibility Analysis Sharia Branch Office Malang PT. Bank Rakyat Indonesia (Persero) Establishment. Guided by Hamdani M. Syah and Harianto. Banking and financial crisis since in the mid 1997 has effected to many banks closed. Since 1995 to 1999, had occurred the declination for 77 banks. The major declination had happened during 1996 to 1999, 66 banks were closed. Banking Regulation No.10 / 98 as alteration of Regulation No.7/92, regulates that conventional banks such as PT. Bank Rakyat Indonesia (Persero), can open the sharia branch offices. Means, Bank Indonesia permits the dual banking system, the bank can operate both conventional system and sharia system, if it's handling can be segregated clearly. Bank Indonesia research indicates about 30 % of Indonesian society has not transacted with the bank (conventional banks). One of the reasons is the bank interest to be assumed "riba". The research also indicates that profit sharing is universal system and received by 94 % respondents, because beneficial to both bank and customer. Banking (especially Bank Indonesia) believes that sharia products do not make negative spread, and put up with monetary and economic crisis. Many conventional banks have established the sharia branches; such as BNI Bank, IFI Bank, Jabar Bank. Sharia Mandiri Bank has operated fully with sharia principle, since 1999. Besides, Muamalat Bank has established since 1992. BRI management, based on the owner's approval in the special shareholder's meeting, March 26, 2000, decided to enter sharia banking. Besides, catching the business opportunity, management consider that the sharia branch establishment are to anticipate Autonomy Regulation and hajj expenses service collection. BRI's experience in sharia business can be used to convert the conventional branches become sharia branches in which the Province implements the Islamic Sharia. By entering the sharia banking, BRI will combine two think, the first, BRI experience and performance in middle and micro market segments, the second, expectation that the biggest sharia segment in those areas. BRI has been established Sharia Business Unit as Division with the function as coordinator of sharia branches. According to business plan, in the next five years, BRI will establish 36 sharia branch offices and 15 sharia sub-branches throughout Indonesia. In 2002, BRI will establish eight sharia branches in Java, Sumatera, Kalimantan and Sulawesi. Bank Indonesia requires that each Sharia Branch Office opening should be completed by feasibility study report. BRI management policy stated that each investment must consider it's cost and benefit. To know the feasibility of sharia branch office establishment at such location, it's needed field research and preparation of business investment feasibility study report. According to the Bank Indonesia research in East Java, Malang is one of the potential regions for developing sharia bank. This research has objective to know what factors that influence to the BRI Sharia Branch Malang. To examine and analysis the sharia banking market potential included the funding increase probability, financing and sharia banking services in Malang. To know the investment cost needed. To evaluate the business feasibility BRI Sharia Branch Malang based on analysis criteria with the common banking business assumptions. The general benefit of this research are improve our knowledge that the author intent to, implementation of financial management (capital budgeting) and forecasting in feasibility analysis; input to management and idea contribution about BRI Sharia Branch Malang. The special advantage are know the internal and external factors that influences BRI Sharia Branch Malang. Understand the economic potential, market opportunities, competitiveness, saturation of the banks because of BRI Sharia Branch Malang opening. Know the sharia banking potential such as the funding increase probability, financing that can be distributed, and other sharia banking services. Understand the investment cost that needed for opening the BRI Sharia Branch Malang. Understand the business feasibility of BRI Sharia Branch Malang according to the analysis criteria based on the common banking business assumptions. The scope of this research is limited to the feasibility analysis of BRI Sharia Branch Malang, especially for financial aspect. The research methodology is descriptive for case study in BRI, primary the case of Sharia Branch Malang establishment plan. The research was done at BRI Sharia Business Unit and in Malang for three months, from March 2002 May 2002. These research need company's data (BRI), such as financial report, loans outstanding report, saving position report, decision letters, business plan, and report or letters / memos. Besides, external data form Statistics Indonesia, Bank Indonesia, and others. The analysis method in this research still uses the common method. The author have not gotten the feasibility analysis theory for sharia business. Beside, sharia bank can not avoid of global business environment, in which the conventional concept still implemented. Business feasibility analysis of BRI Sharia Branch Malang is done by using criteria : Average Rate of Return (ARR), Payback Period (PBP), Benefit Cost Ratio (B/C Ratio), Net Present Value (NPV) and Interest Rate of Return (IRR). The calculation the feasibility is based on the calculation result of income statement projection of BRI Sharia Branch Malang for five years (60 moths). The calculation is resulted the Net Benefit sum of Rp. 12.754.000.000,-. With discounted factor 24 %, known the Net Present Value sum of Rp.4.055.760.000,-. Based on the calculation, the Average Rate of Return (ARR) is 44,31 % (221,53 % : 5), Payback Period three years (36 months), Benefit Cost Ratio is 2,44 or 244,31 %, and the Internal Rate of Return is 44,67%. The Break Event Point on four years and eight months ( 56 months). When Payback Period, the outstanding of financing is Rp. 31.000 million, the third party funds (funding) is Rp.32.550 million and cumulative profit is Rp.4.122 million. Break Event Point is reached when the outstanding of financing is Rp. 44.000 million, funding is Rp.46.200 million and cumulative profit is Rp.11.733 million. Sensitivity analysis is made with the assumption of changing in variable investment fund and financing. There are cost overrun of Investment cost is predicted 10 % of the budget or the realization of financing only 90 % of the budget. Based on the assumption that the investment cost over 10 % (110 % of the initial budget), for five year is resulted Net Benefit sum of Rp.12.643.000.000,-. With discount factor 24 %, to be resulted the Net Present Value sum of Rp.3.874.710.000,-. The calculation results that Average Rate of Return (ARR) is 41,62 (208,12 % : 5), Payback Period as long as three years and one month, Benefit Cost Ratio is 2,29 or 229,52 %, and the Internal Rate of Return is 43,75 %. If the financing 90 % of initial projection, in the five years will be gotten the Net Benefit sum of Rp.12.643.000.000,-. With discount factor 24 %, is resulted the Net Present Value sum of Rp.3.290.470.000,-. The calculation results the Average Rate of Return (ARR) is 40,10 % (200,50 % : 5), Payback Period in three years and four months (40 months), the Benefit Cost Ratio is 1,17 or 117,08 % and the Internal Rate of Return is 42,38 %. Conclusion, according to the three scenarios, the business investment feasibility analysis results : The Average Rate of Return bigger than the expectation rate of average revenue, 24 %, Pay Back Period lower than projection period (five years) and still comply with the Bank Indonesia and business fairness. The Benefit Cost Ratio higher than 100 % or one, Net Present Value positive and the Internal Rate of Return more than discounted factor. That is why, the establishment of BRI Sharia Branch Malang is feasible, from the business side.
| Item Type: | Thesis (Masters) |
|---|---|
| Uncontrolled Keywords: | Key words : PT. Bank Rakyat Indonesia (Persero), Sharia Business Unit, Sharia Branch Office, Malang, Business Investment Feasibility Analysis, SWOT Analysis, Industrial Environment Analysis, Cash Flow, Balance Sheet, Income Statement, Investment Criteria, Average Rate of Return, Payback Period, Benefit Cost Ratio / Profitability Index, Net Present Value, Internal Rate of Return, Feasible. |
| Subjects: | Manajemen Keuangan |
| Depositing User: | Library |
| Date Deposited: | 24 Dec 2011 05:51 |
| Last Modified: | 24 Dec 2011 05:51 |
| URI: | http://repository.sb.ipb.ac.id/id/eprint/133 |
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