Article Per Year (5 Year)
p-Index From 2021 - 2026
0.659
P-Index
This Author published in this journals
All Journal Shirkah: Journal of Economics and Business
Ulfi Kartika Oktaviana
Faculty of Economics, Universitas Islam Negeri Maulana Malik Ibrahim Malang
Economics, Econometrics & Finance

Published : 3 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 3 Documents
Search

 1 
Factors Affecting Financial Stability of Sharia Banks in Indonesia Ulfi Kartika Oktaviana; Titis Miranti
Shirkah: Journal of Economics and Business Vol. 9 No. 2 (2024)
Publisher : Universitas Islam Negeri Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/shirkah.v9i2.563

Abstract

To ensure the financial stability of Indonesian banks, especially Sharia banks, it is essential to focus on various factors and elements. This study investigates the endogenous and exogenous factors influencing the financial stability of Sharia banks in Indonesia. The study utilized data from the annual financial statements of Sharia banks in Indonesia spanning from 2010 to 2021. Panel data regression served as the analytical tool for the research. The findings indicate that the stability of Sharia commercial banks in Indonesia is influenced by both capital structure and credit risk. Financial leverage also affects sharia bank’s financial stability. While ownership distinguishes a bank in terms of organizational structure, it does not necessarily guarantee stability. Islamic commercial banks remain stable amid the COVID-19 pandemic, showing no significant impact on their overall stability. These findings will enhance bank understanding of the risks faced by banks and form the basis for new regulatory efforts to strengthen overall risk management, including liquidity risk and credit risk.
Do Political Risks Influence Sharia Bank Stability? The Case of Southeast Asia Zulfa Muasaroh Binti Rahmawati; Titis Miranti; Ulfi Kartika Oktaviana; Yenny Kornitasari
Shirkah: Journal of Economics and Business Vol. 10 No. 2 (2025)
Publisher : Universitas Islam Negeri Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/shirkah.v10i2.752

Abstract

The present study examines the influence of political risk on the stability of Sharia banks in Southeast Asia, a region characterized by rapid economic growth alongside significant political uncertainties. This study aims to fill a gap in the existing literature, which has largely focused on other regions like the Middle East and North Africa. This study employs a quantitative methodology, utilizing panel data regression with a Fixed Effects Model to analyze data from 17 of the largest Sharia banks in Southeast Asia over the period of 2018-2022. The data for the study were obtained from the annual financial reports of these banks. The key findings indicate that political risk has a significant negative impact on the stability of Sharia banks in the region. In contrast, the quality of regulation and the total assets of the banks were found to have a significant positive influence on their stability. Other internal factors, such as the Capital Adequacy Ratio (CAR), Non-Performing Financing (NPF), Financing to Deposit Ratio (FDR), and Return on Assets (ROA), did not show a statistically significant effect on bank stability in the context of this study. The results emphasize the importance for policymakers and regulators in Southeast Asian nations to actively manage political risks and continuously improve the quality of financial regulations to ensure the resilience of the Sharia banking sector. This research contributes valuable insights for academics, bankers, and government authorities by highlighting the crucial role of the political and regulatory environment in maintaining the stability of Islamic financial institutions.
Determinants of Islamic Banking Stability in ASEAN: The Mediating Role of Good Governance Zainal Abidin; Ulfi Kartika Oktaviana; Habil Khairat
Shirkah: Journal of Economics and Business Vol. 11 No. 1 (2026)
Publisher : Universitas Islam Negeri Raden Mas Said Surakarta

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22515/shirkah.v11i1.894

Abstract

This study focuses on the major drivers of Islamic banking resilience in the ASEAN region, with good governance as a mediator. Good governance as a mediator between internal and external factors is understudied in the literature as a driver of stability for Islamic banking. This study addresses this gap by incorporating governance as a mediating variable in the model. This study used secondary data from 2019 to 2023 to analyze two ASEAN countries with functional Islamic banking systems and available data (Indonesia and Malaysia). Data were sourced from banks' financial reports, central banks, and the Worldwide Governance Indicators (WGI) for governance. This study used multiple regression and the Sobel test as its main methods. It was found that credit risk is important and negative for bank stability, while capital risk and the exchange rate are positive and also important. For stability, interest rates are positive but not significant. Good governance is important and positive for Islamic banking stability, but it does not mediate the impact of either credit risk or interest rates. For Islamic banking stability, capital risk and the exchange rate significantly mediate the effect of good governance. Credit risk is negative and not significant for good governance, while capital risk and the exchange rate are positive and significant. For good governance, interest rates are positive and not significant. These results show the need for an extensive governance framework for Islamic banking resilience in ASEAN.
Co-Authors Habil Khairat Titis Miranti Yenny Kornitasari Zainal Abidin Zulfa Muasaroh Binti Rahmawati