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All Journal Akuntansi : Jurnal Akuntansi Integratif Jurnal Akuntansi, Ekonomi dan Manajemen Bisnis
Muhamad Zaky Ramadhan
Unknown Affiliation
Economics, Econometrics & Finance Social Sciences

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SCRUTINIZING FINANCIAL ACCOUNTING OF BANK RATIO AND MACROECONOMICS INFLUENCE ON ECONOMIC VOLATILITY IN INDONESIA Lakilaki, Eogenie; Muhamad Zaky Ramadhan; Mafazah; Panca Wijaya
Akuntansi: Jurnal Akuntansi Integratif Vol. 11 No. 02 (2025): Volume 11 Nomor 2 Oktober 2025
Publisher : Prodi Akuntansi UIN Sunan Ampel Surabaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.29080/jai.v11i02.2169

Abstract

This study delves into the complex dynamics between interest rates, capital adequacy (CAR), liquidity (LDR), inflation, and GDP on working capital lending in Indonesia from 2017 to 2024. Amid growing macroeconomic uncertainties, the research addresses critical gaps in the understanding of how banking institutions adjust to both inherent structural resilience and external economic shocks. By incorporating Positive Accounting Theory (PAT), this paper provides a nuanced perspective on the managerial decision-making process, focusing on how regulatory frameworks and incentive structures influence credit allocation. Utilizing panel data from 102 commercial banks and employing a multiple linear regression model, the study reveals that interest rates significantly impede lending activities, whereas CAR, LDR, and GDP growth exert a robust and positive impact on credit disbursement. Conversely, inflation demonstrates a negative yet statistically insignificant effect. These findings underscore the dual role of financial stability and macroeconomic growth in facilitating efficient credit intermediation. The study calls for the development of policy frameworks that align monetary governance with institutional behaviors, advancing the broader constitutional objectives of public welfare and social justice, as enshrined in Indonesia’s constitution.
Stewarding Shariah Finance: A Contemplative Reappraisal in Islamic Banking Across the ASEAN-6 Polity Eogenie Lakilaki; Muhamad Zaky Ramadhan; Dwiki Ariefandri; Caroline Fitri Aurora; Qanita Triana; Wahyudi Ananta
Jurnal Akuntansi, Ekonomi dan Manajemen Bisnis Vol. 5 No. 2 (2025): Juli : Jurnal Akuntansi, Ekonomi dan Manajemen Bisnis
Publisher : Pusat Riset dan Inovasi Nasional

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55606/jaemb.v5i2.6083

Abstract

This study examines the impact of four core Shariah compliant financing instruments, Mudharabah, Murabahah, Musharakah, and Ijarah, on the profitability of Islamic banks in the ASEAN-6 region, measured by Return on Assets (ROA). Using panel data from 20 Islamic banks across six countries (2020–2024), the study applies multiple regression analysis and classical assumption testing to ensure statistical robustness. Where contract disclosures were incomplete, data forecasting methods were applied. The findings indicate that Mudharabah, Murabahah, and Musharakah significantly enhance ROA, with Mudharabah showing the most pronounced effect, while Ijarah has no significant influence. These results support the relevance of Shariah Enterprise Theory, highlighting the role of ethical and participatory contracts in achieving profitability and Islamic economic justice. The study contributes novel insights by integrating Islamic worldview theory with empirical analysis across multiple jurisdictions. It also underscores the importance of incorporating ‘uqud murakkabah (hybrid contracts) and adopting digital innovations such as blockchain and smart contracts to improve transparency, mitigate risks, and strengthen Islamic financial infrastructure in alignment with Maqasid al-Shariah and sustainability objectives. Keywords: ASEAN-6; Islamic Banks; Profitability; Shariah Finance
Co-Authors Caroline Fitri Aurora Dwiki Ariefandri Eogenie Lakilaki Lakilaki, Eogenie Mafazah Panca Wijaya Qanita Triana Wahyudi Ananta