Article Per Year (5 Year)
p-Index From 2020 - 2025
0.23
P-Index
This Author published in this journals
All Journal Journal of Central Banking Law and Institutions
Anisa, Vera Novia
Unknown Affiliation
Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Social Sciences

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
ASSESSING THE ROLE OF ISLAMIC BANKING IN DRIVING INDONESIA’S ECONOMIC GROWTH DURING COVID-19 Anisa, Vera Novia; Indri Supriani; Yunice Karina Tumewang
Journal of Central Banking Law and Institutions Vol. 4 No. 3 (2025)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jcli.v4i3.290

Abstract

This study examines the role of  Islamic banking in supporting Indonesia’s economic growth during the unprecedented disruption caused by the COVID-19 pandemic from March 2020 to May 2023. The study employs the Autoregressive Distributed Lag (ARDL) model to investigate the relationship between key Islamic banking indicators and economic performance, as proxied by the Industrial Production Index (IPI), in both the short and long term. The empirical findings suggest that Islamic bank financing, as measured by the financing-to-deposit ratio (FDR), gross fixed capital formation (GFCF), and total assets, has a significantly positive impact on long-term economic growth. However, its short-term effects were relatively limited. These results underscore the importance of  strengthening regulatory frameworks and promoting profit-and-loss-sharing mechanisms to enhance the resilience and developmental impact of  Islamic banking, particularly in supporting economic recovery following financial shocks. By focusing on a crisis, this study offers novel empirical insights into the stabilizing role of  Islamic banking during periods of  economic turbulence and contributes to promoting economic resilience.
Co-Authors Supriani, Indri Yunice Karina Tumewang