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Journal : eJEBA

Mapping Trends and Insights in Islamic Sustainable Finance: A Bibliometric Analysis Kholidah, Himmatul; Hijriah, Hanifiyah Yuliatul; Fadhlillah, Hanif
e-Journal Ekonomi Bisnis dan Akuntansi Vol. 12 No. 1 (2025): e-JEBA Volume 12 Number 1 Year 2025
Publisher : UPT Penerbitan Universitas Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19184/ejeba.v12i1.53681

Abstract

Islamic sustainable finance has increasingly garnered attention in academic discussions, specifically for tackling key ecological, social, and governance (ESG) challenges. This study uses VOSviewer and Biblioshiny software for bibliometric analysis to analyze all 200 scholarly articles and identify main trends, contributors and research gaps. The number of research outputs increased noticeably after 2020, when green sukuk and effect investing became emerging themes. Research on other Islamic financial instruments, waqf-based financing, and Takaful remains underexplored. The results of this study show that Islamic sustainable finance can become transparent and effective using blockchain with fintech among other technical improvements. Further research is still needed to understand how this technology can be utilized. Co-authorship analysis shows that research is still fragmented. The top three countries are Malaysia, Indonesia, and Saudi Arabia. Countries need further collaboration not only for knowledge sharing but also for aligning rules. Although much theoretical discussion has taken place, few empirical studies have measured the actual impact of Islamic sustainable finance on economic, social, and ecological outcomes. This research highlights the need for further research on public awareness and adoption, with a particular focus on behavioral factors affecting investment decisions. The regulatory frameworks for Islamic sustainable finance are still evolving and developing steadily, and a standard global approach is yet to be achieved. Future research can do better by collecting more data, experimenting to test ideas, and collaborating across fields.
STRATEGI DIVERSIFIKASI PORTOFOLIO: ANALISIS DAMPAK RISIKO DAN KEUNTUNGAN PADA BANK KONVENSIONAL DAN SYARIAH MILIK NEGARA DI INDONESIA: (PORTFOLIO DIVERSIFICATION STRATEGIES: ANALYZING RISK AND RETURN IMPACTS IN INDONESIAN STATE-OWNED CONVENTIONAL AND ISLAMIC BANKS) Kholidah, Himmatul; Maulidiyah, Maulidiyah; Hijriah, Hanifiyah Yuliatul; Md. Sahiq, Aqilah Nadiah
e-Journal Ekonomi Bisnis dan Akuntansi Vol. 11 No. 2 (2024): e-JEBA Volume 11 Number 2 Year 2024
Publisher : UPT Penerbitan Universitas Jember

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.19184/ejeba.v11i2.52146

Abstract

This research examines the relationship between credit portfolio diversification and the risk and return of state-owned banks (Bank BUMN) from 2019 to 2023. Using multiple linear regression analysis, it evaluates the impact of the Herfindahl Hirschman Index (HHI) on credit or financing risk (NPL and NPF) and bank returns (ROA, ROE) among state-owned banks listed on the Indonesia Stock Exchange. Control variables include bank size, loan or financing to deposit ratio (LDR and FDR), and equity to total asset ratio (ETA). The results show that credit portfolio diversification reduces credit risk in BUMN banks, suggesting that spreading credit exposures across sectors can mitigate risk. However, diversification does not significantly affect bank returns (ROA, ROE). Control variables such as bank size, LDR and FDR, and ETA show no significant impact on credit risk, ROA, or ROE. This study provides empirical evidence on the effectiveness of financing portfolio diversification in managing credit risk within state-owned banks, considering Islamic banking principles. While diversification can mitigate credit risk, its impact on profitability requires careful consideration. BUMN banks should implement robust risk assessment frameworks and strategic oversight to maximize diversification benefits while maintaining financial stability and adhering to ethical and Sharia-compliant financial practices.