Claim Missing Document
Check
Articles

Found 2 Documents
Search

Examining Financial and Macroeconomic Drivers of NPF in Islamic Rural Banks of Indonesia Alfaina Zia Inayati; Ruspita Rani Pertiwi
LAA MAISYIR: Jurnal Ekonomi Islam Vol 12 No 1 (2025)
Publisher : Universitas Islam Negeri Alauddin Makassar

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24252/lamaisyir.v12i1.58247

Abstract

Islamic Rural Banks (BPRS) play an important role in promoting financial inclusion in Indonesia, particularly for micro and small enterprises. However, the high Non Performing Financing ratio indicates the poor quality of financing and risk management, which disrupts intermediation functions and threatens the stability of banks. This study aims to analyze the influence of financial and macroeconomic variables on BPRS NPF in the short and long term, using the Vector Error Correction Model approach based on monthly data from January 2021 to December 2024. The analysis results indicate that in the short term, the Capital Adequacy Ratio (CAR), Financing to Deposit Ratio (FDR), and inflation significantly increase NPF, whereas Gross Domestic Product (GDP) does not have a significant effect. In the long term, CAR and inflation continue to have a positive impact, while FDR and GDP are not significant. These findings highlight the need for BPRS to strengthen risk management systems, improve financing selection processes, and adjust BPRS operational strategies to macroeconomic dynamics. OJK needs to encourage the implementation of early warning systems and prudent financing limits, while the government needs to maintain macroeconomic stability, particularly in controlling inflation, to support the resilience and sustainability of BPRS in the future.
PENGARUH FAKTOR MAKROEKONOMI TERHADAP PENINGKATAN KINERJA ASURANSI SYARIAH DI INDONESIA Windi Prastika Sari; Ruspita Rani Pertiwi
JOURNAL OF SCIENCE AND SOCIAL RESEARCH Vol. 8 No. 2 (2025): May 2025
Publisher : Smart Education

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.54314/jssr.v8i2.3177

Abstract

Abstract: This study aims to analyze the influence of macroeconomic factors on improving the performance of sharia insurance in Indonesia in the period 2015-2022. The methodology used is a quantitative approach with panel data analysis, involving independent variables such as Gross Domestic Product (GDP), inflation, interest rates, unemployment rates, and exchange rates, as well as dependent variables in the form of sharia insurance performance measured by total asset indicators. The study uses a panel data regression model, including Pooled Ordinary Least Squares (POLS), Fixed Effects Model (FEM), and Random Effects Model (REM), with statistical tests such as the Chow Test, Hausman Test, and LM Test to determine the best model. The results of the study show that GDP and exchange rates have a significant positive effect on sharia insurance performance, while inflation and unemployment rates have a negative impact. Interest rates do not show a significant effect, reflecting people's preferences for sharia-based products that are more influenced by spiritual awareness than interest rate conditions. This study emphasizes the importance of macroeconomic stability and transparent management of sharia funds to support the development of the sharia insurance industry in Indonesia.. Keyword: sharia insurance;panel data;macroeconomic factors. Abstrak: Penelitian ini bertujuan untuk menganalisis pengaruh faktor-faktor makroekonomi terhadap peningkatan kinerja asuransi syariah di Indonesia pada periode 2015-2022. Metodologi yang digunakan adalah pendekatan kuantitatif dengan analisis data panel, melibatkan variabel independen seperti Produk Domestik Bruto (PDB), inflasi, suku bunga, tingkat pengangguran, dan nilai tukar, serta variabel dependen berupa kinerja asuransi syariah yang diukur melalui indikator total aset. Penelitian menggunakan model regresi data panel, meliputi Pooled Ordinary Least Squares (POLS), Fixed Effects Model (FEM), dan Random Effects Model (REM), dengan uji statistik seperti Uji Chow, Uji Hausman, dan Uji LM untuk menentukan model terbaik. Hasil penelitian menunjukkan bahwa PDB dan nilai tukar memiliki pengaruh positif signifikan terhadap kinerja asuransi syariah, sementara inflasi dan tingkat pengangguran berdampak negatif. Suku bunga tidak menunjukkan pengaruh signifikan, mencerminkan preferensi masyarakat terhadap produk berbasis syariah yang lebih dipengaruhi oleh kesadaran spiritual dibandingkan kondisi suku bunga. Penelitian ini menegaskan pentingnya stabilitas makroekonomi dan pengelolaan dana syariah yang transparan untuk mendukung perkembangan industri asuransi syariah di Indonesia. Kata kunci: asuransi syariah;data panel;faktor makroekonomi. Â