Iqtishadia: Jurnal Ekonomi dan Perbankan Syariah
Vol. 11 No. 2 (2024)

Do the Performance of Islamic Banking and Islamic Bonds (Sukuk) Influence Indonesia's Economic Growth?

Amijaya, Rachmania Nurul Fitri (Unknown)
Alfaroby, Sulthan Hakim Aviecenna (Unknown)
Putra, Perdana Nanda Hari (Unknown)
Adlani, Shofiyuddin Akmal (Unknown)



Article Info

Publish Date
23 Dec 2024

Abstract

The influence of Islamic banking and Sharia bonds on the economic growth of Indonesia will be discussed in this article, considering the return on assets (ROA) and the development of sukuk in Indonesia. In this research, the return on assets of Islamic commercial banks and the cumulative value of sukuk issuances are the independent variables, while the gross domestic product is the dependent variable. A quantitative approach is used in conjunction with a multiple linear regression model. Secondary data used in this study is sourced from the Financial Services Authority (OJK) and the Central Statistics Agency (BPS). The data covers the first quarter of 2015 to the second quarter of 2023. The data is processed using Eviews 10 to analyze the Gross Domestic Product (GDP), Return on Asset (ROA), and Cumulative Value of Sukuk Issuance (NAP). The results indicate that the variable of cumulative sukuk issuance has a significant influence on economic growth, while the variable of return on assets of Islamic commercial banks does not have a significant influence on economic growth.

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Journal Info

Abbrev

iqtishadia

Publisher

Subject

Economics, Econometrics & Finance

Description

Publishes mainly focuses on the major problems in the development of Islamic Business and economic areas, such as Islamic economic thoughts, Islamic economic and business, Islamic philanthropy (zakat, infaq, shadaqah, and waqf), halal industry (food tourism, product), Islamic microfinance, Islamic ...