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All Journal Majapahit Journal of Islamic Finance dan Management Majapahit Journal of Islamic Finance dan Management Malacca: Journal of Management and Business Development
Rahmat Fajar Ramdani
Universitas Islam Negeri Raden Intan, Lampung, Indonesia
Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

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Macroeconomic Influence on the Financial Performance of Islamic Commercial Banks in Indonesia Nova Rianti; Evi Ekawati; Rahmat Fajar Ramdani
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.1193

Abstract

The Islamic banking industry in Indonesia continues to grow, but its financial performance is still influenced by various dynamic macroeconomic conditions. This study aims to analyze the effect of economic growth (GDP), inflation, rupiah exchange rate, and reference interest rate (BI Rate) on the financial performance of Sharia commercial banks (BUS) in Indonesia for the period 2021-2025 which is proxied by Return on Assets (ROA). This study uses a quantitative approach with secondary data obtained from the financial statements of seven Islamic commercial banks selected using purposive sampling technique. Data analysis was conducted using panel data regression with the best model is Random Effect Model (REM). The results showed that partially GDP has no significant effect on the ROA with a probability value of 0.8949, the rupiah exchange rate has no significant effect with a probability value of 0.8597, and the BI Rate has no significant effect with a probability value of 0.5498. In contrast, inflation has a positive and significant effect on ROA with a coefficient of 0.249194 and a probability value of 0.0019. Simultaneously, variable GDP, inflation, exchange rate, and BI Rate significantly affect the ROA with F-statistic value of 3.034803 and Prob (F-statistic) of 0.019649. The value of the coefficient of determination (R2) of 0.082502 indicates that 8.25% of ROA variation can be explained by macroeconomic variables in the model, while 91.75% is influenced by other factors outside the study. This finding indicates that inflation is the most influential macroeconomic factor on the financial performance of Islamic commercial banks during the study period.
The Influence of Islamic Corporate Governance and Islamic Corporate Social Responsibility on the Financial Performance of Islamic Commercial Banks for the Period 2019-2023 Nada Baihaki; Hanif; Rahmat Fajar Ramdani
Malacca: Journal of Management and Business Development Vol. 3 No. 1 (2026): Management and Business Development
Publisher : Yayasan Pendidikan Islam Bustanul Ulum Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69965/malacca.v3i1.971

Abstract

This study aims to analyze the effect of Islamic Corporate Governance (ICG) and Islamic Corporate Social Responsibility (ICSR) on Financial Performance (Return on Asset) in Islamic Commercial Banks (BUS) in Indonesia for the 2019–2023 period. This research uses a quantitative approach with secondary data obtained through annual reports and corporate governance reports from a sample of Islamic Commercial Banks. Data analysis was performed using the panel data regression method with the best model being the Fixed Effect Model (FEM), processed using EViews 13 software. The results show that ICG has a negative and significant effect on ROA, indicating that high compliance costs and the complexity of Sharia governance structures during the research period acted as operational burdens that suppressed bank profitability. Meanwhile, ICSR has a negative but insignificant effect on ROA, meaning that the allocation of costs for Sharia-based social activities was recorded as a profit reducer but has not yet become a dominant factor in significantly altering financial performance. Simultaneously, ICG and ICSR have a significant effect on ROA with an Adjusted R-Square value of 77.8%. This confirms that although both variables put pressure on short-term profits, the combination of internal governance and social responsibility is a very strong determinant in defining the financial performance profile of Islamic Commercial Banks in Indonesia.
Macroeconomic Influence on the Financial Performance of Islamic Commercial Banks in Indonesia Nova Rianti; Evi Ekawati; Rahmat Fajar Ramdani
Majapahit Journal of Islamic Finance and Management Vol. 6 No. 2 (2026): Islamic Finance and Management
Publisher : Universitas KH. Abdul Chalim Mojokerto

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.31538/mjifm.v6i2.1193

Abstract

The Islamic banking industry in Indonesia continues to grow, but its financial performance is still influenced by various dynamic macroeconomic conditions. This study aims to analyze the effect of economic growth (GDP), inflation, rupiah exchange rate, and reference interest rate (BI Rate) on the financial performance of Sharia commercial banks (BUS) in Indonesia for the period 2021-2025 which is proxied by Return on Assets (ROA). This study uses a quantitative approach with secondary data obtained from the financial statements of seven Islamic commercial banks selected using purposive sampling technique. Data analysis was conducted using panel data regression with the best model is Random Effect Model (REM). The results showed that partially GDP has no significant effect on the ROA with a probability value of 0.8949, the rupiah exchange rate has no significant effect with a probability value of 0.8597, and the BI Rate has no significant effect with a probability value of 0.5498. In contrast, inflation has a positive and significant effect on ROA with a coefficient of 0.249194 and a probability value of 0.0019. Simultaneously, variable GDP, inflation, exchange rate, and BI Rate significantly affect the ROA with F-statistic value of 3.034803 and Prob (F-statistic) of 0.019649. The value of the coefficient of determination (R2) of 0.082502 indicates that 8.25% of ROA variation can be explained by macroeconomic variables in the model, while 91.75% is influenced by other factors outside the study. This finding indicates that inflation is the most influential macroeconomic factor on the financial performance of Islamic commercial banks during the study period.
Co-Authors Evi Ekawati Hanif Nada Baihaki Nova Rianti