Journal of Applied Islamic Economics and Finance
Vol. 6 No. 1 (2025): Journal of Applied Islamic Economics and Finance (Oktober 2025)

The Determinants of Macroeconomic Conditions and Bank-Specific Factors on the Growth of Islamic Banking in Indonesia during the 2018–2023 Period

Zaenuri, Muhamad Havis (Unknown)
Tamara, Destian Arshad Darulmalshah (Unknown)
Ridha, Noorsyah Adi Noer (Unknown)
Syaiful, Muhammad (Unknown)



Article Info

Publish Date
31 Oct 2025

Abstract

This research aims to analyze the impact of macroeconomics conditions and bank-spesific factors on the asset growth of islamic commercial banks in Indonesia in Indonesia during the period 2018-2023. The macoeconomic conditions are proxied by GDP, Inflastion, ad BI-Rate, while the bank spesific factors are proxied by the FDR, ROA and Third-Party Funds. The data analysis is quantitative descriptive analysis, and the research method used is panel data regression. The results indicate that the FDR and DPK variables have a positive and significant impact on the asset growth of Islamic Commercial Banks in Indonesia. Meanwhile, the BI-Rate and GDP variables have a positive but insignificant effect, and the ROA and inflation variables have a negative but insignificant effect. The Adjusted R² value of 0.0786 shows that the independent variables used in this study explain 7.86 percent of the variation in the total asset growth of Islamic Commercial Banks in Indonesia, while the remaining 92.14 percent is explained by other factors outside the model.

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Journal Info

Abbrev

jaief

Publisher

Subject

Humanities Decision Sciences, Operations Research & Management Economics, Econometrics & Finance

Description

Journal of Applied Islamic Economics and Finance is a journal published by the Accounting Department of Politeknik Negeri Bandung, Indonesia. JAIEF (e-ISSN: 2746-6213) is published thrice a year (October, February, and June). As the name implies, this journal brings two major themes, namely Islamic ...