2017
DOI: 10.5220/0007078901760180
Keywords: Government Policy, Hajj Fund Transfer, Third Party Fund, Difference in Difference.
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This paper aims to examine the impact of government policy that is Regulation of the Minister of Religious Affairs of Indonesia about Banks Receiving Deposit Fees for Hajj in 2013 which contains about the provisions of Islamic banks as the recipient bank deposits of pilgrimage. This paper seeks to investigate how the policy impacts on the performance of third party funds of conventional commercial banks and Islamic commercial banks. The data used includes the amount of third party funds collected by banks and researched for 8 years from 2009 to 2016. This paper uses difference in difference statistical method with the year 2013 as the year of the policy of the transfer of funds. The results showed that there is a significant effect between the policy of hajj fund transfer from conventional banks to Islamic banks to the amount of third party funds collected by conventional banks and Islamic banks. Government policies in Hajj funds have an effect on the decline in third party funds owned by conventional banks and in-and-pilgrim government policies have a significant effect on third party funds in Islamic banks. The implications of this research are the development of Islamic banks, especially Third Party Funds, need to be supported by the Government's policy and the strength of the Law and the implication of knowledge science that provides empirical support on the influence of government policies on the development of Islamic Bank.