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Analysis of the Effect of Islamic Capital Market and Islamic Banking Financing on Economic Growth in Indonesia Putri, Salsa Erika; Mayasari, Ine
Journal of Applied Islamic Economics and Finance Vol. 5 No. 2 (2025): Journal of Applied Islamic Economics and Finance (Februari 2025)
Publisher : Jurusan Akuntansi Politeknik Negeri Bandung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35313/jaief.v5i2.6756

Abstract

This study aims to analyze the influence of Islamic financial instruments on Indonesia’s economic growth from 2014 to 2024. The study includes Islamic stocks, sukuk, Islamic mutual funds, and Islamic banking financing. The method used is Vector Error Correction Model (VECM), which observes both short-term and long-term relationships. The results indicate that only Islamic stocks have a significant long-term positive effect on economic growth, while sukuk, mutual funds, and Islamic banking financing have yet to show significant impact. The findings suggest a need to enhance the role of Islamic financial instruments through deeper market integration and increased retail investor participation to better support national economic growth.
Analysis Determinants of Capital Structure on Sharia Commercial Banks Mayasari, ine; Humam, Muhammad
Management Science Research Journal Vol. 3 No. 3 (2024): August 2024
Publisher : PT Larva Wijaya Penerbit

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.56548/msr.v3i3.108

Abstract

This research aims to analyze the influence of profitability, liquidity and asset structure on the capital structure of Sharia Commercial Banks in Indonesia for the 2018-2022 period. The independent variables in this research consist of profitability using the Return on Assets (ROA) ratio, liquidity using the Financing to Deposit Ratio (FDR) ratio, and asset structure using the Fixed Asset Ratio (FAR) ratio, as well as the dependent variable in the form of capital structure using Debt to Equity Ratio (DER). The sampling technique used purposive sampling from a population of 15 Sharia Commercial Banks to 11 Sharia Commercial Banks. This research is quantitative research using secondary data. Secondary data was taken from financial reports or annual reports of Sharia Commercial Banks for the 2018-2022 period. The research method used is quantitative with a descriptive approach. Data analysis was carried out using the panel data regression method. The results of this research are that the profitability and liquidity variables have no influence on the capital structure of Sharia Commercial Banks for the 2018-2022 period, while the asset structure variables have an influence on the capital structure. The capital structure of Sharia Commercial Banks in Indonesia for the 2018-2022 period is more inclined towards Pecking Order Theory, where companies use internal funds more than external funds in the composition of the company's capital structure. It is hoped that this research can contribute to improving the performance of Sharia Commercial Banks in Indonesia through making appropriate and optimal capital structure decisions, as well as being a reference for investors in making investments and assessing the shares of Sharia Commercial Banks that are members of the Indonesia Stock Exchange (BEI).
The Role of Sharia Supervisory Board Diversity on The Transparency of Islamic Social Reporting Chindy Aidil Fitri Rukmana; Ine Mayasari
Reslaj: Religion Education Social Laa Roiba Journal Vol. 7 No. 7 (2025): RESLAJ: Religion Education Social Laa Roiba Journal
Publisher : Intitut Agama Islam Nasional Laa Roiba Bogor

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.47467/reslaj.v7i7.9086

Abstract

Along with the rapid development of Islamic banks in Indonesia, corporate responsibility has become greater towards social life. The purpose of this study is to examine the role of the characteristics of the Sharia Supervisory Board (SSB) in increasing the disclosure of social responsibility of Islamic banking in Indonesia using the Islamic Social Reporting (ISR) index for the period 2015-2022. The SSB characteristics tested in this study are size, frequency of meetings, dual positions, expertise, age, and proportion of women. This study uses a quantitative method with a sample of the entire population of this study, namely all Indonesian Islamic Commercial Banks (ICB) registered with the OJK during the 2015-2022 period, namely 16 ICB. This research was then tested using the STATA 17 application with panel data regression analysis. Based on the research results, the selected model estimate is the Fixed Effect Model (FEM). This study also uses a robustness test so that the results show valid data and are free from heteroscedasticity symptoms. The results of hypothesis testing show that simultaneously all SSB characteristics in this study have a significant effect on ISR disclosure. Meanwhile, partially, the size, dual positions, and proportion of women in SSB have a significant effect on ISR disclosure with SSB size having a negative direction of influence. While the frequency of meetings, expertise, and age of SSB have no partial influence on ISR disclosure. This study contributes to BUS in Indonesia and DSN-MUI in terms of decision making regarding the characteristics of SSB that are appropriate for the placement of SSB in Indonesian Islamic banks and can enrich the literature on Good Corporate Governance (GCG) and Islamic Social Reporting (ISR).