Strategi Spin-Off Bagi Pengembangan Keuangan Syariah: Tinjauan pada Kasus Asuransi Syariah

Abstract

This study tries to explore the spin-off strategy for the development of sharia insurance. Based on the review of the literature review, it was found that spin-offs are needed to develop sharia units to be more independent in running their business. Another benefit is the company's restructuring through the splitting of new business units which has an impact on better profitability. Many empirical cases prove that shareholders deliberately make spinoffs and have a direct impact with greater profit levels. Some of these impacts put spin-offs as a strategy to develop the company's equity value. Even so, the case of spin-off in sharia insurance also needs to be done carefully, bearing in mind the spin-off is capable of incurring transaction costs, especially in terms of providing HR and high Islamic capital insurance. Therefore, the spin-off requires institutional strengthening, reliable management, and human resource strengthening, so that the separated company can manage and manage the company independently.