Islamic Bank Financing and Its Effects on Economic Growth: A Cross Province Analysis

Afandi, Muhammad Anif; Amin, Muhammad

doi:10.15408/sjie.v8i2.10977

Cited by 11 publications

(10 citation statements)

References 13 publications

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“…Secara umum industri perbankan syariah di Indonesia telah menunjukkan perkembangan yang cukup baik, yang ditandai dengan adanya peningkatan layanan di hampir seluruh wilayah Indonesia (Afandi & Amin, 2019). Pada akhir tahun 2019, market share perbankan syariah Indonesia sebesar 5.95% dari keseluruhan market share perbankan nasional Indonesia.…”

Section: Pendahuluanunclassified

“…Pembiayaan tersebut mencakup seluruh pembiayaan yang disalurkan (PYD) oleh perbankan syariah, namun belum diketahui pembiayaan mana yang memberikan kontribusi untuk pertumbuhan ekonomi baik jangka pendek maupun jangka panjang. Penelitian yang dilakukan oleh Afandi & Amin (2019) terkait pengaruh pembiayaan modal kerja, pembiayaan investasi dan pembiayaan konsumtif di 33 provinsi di Indonesia terhadap pertumbuhan ekonomi menunjukkan bahwa ketiga pembiayaan tersebut tidak berpengaruh terhadap pertumbuhan ekonomi Indonesia, sehingga keberadaan perbankan syariah di Indonesia belum memberikan dampak yang signifikan terhadap kesejahteraan masyarakat Indonesia. Pembiayaan modal kerja, pembiayaan investasi maupun pembiayaan konsumsi merupakan pembiayaan yang secara langsung berhubungan dengan aktivitas masyarakat.…”

Section: Pembiayaan Per Tahun (%)unclassified

“…Nilai trace statistic lebih besar dari critical value dengan taraf nyata 5% sehingga terdapat tiga persamaan kointegrasi yang mampu menjelaskan hubungan jangka panjang antara variabel pada model VECM yaitu variabel pertumbuhan ekonomi, pembiayaan modal kerja, pembiayaan investasi dan pembiayaan konsumsi. Cointegrating Eq: CointEq1 CointEq2 CointEq3 D(GDP(-1),2) 1.000000 0.000000 0.000000 D(CW(-1),2) 0.000000 1.000000 0.000000 D(INV(-1),2) 0.000000 0.000000 1.000000 D (CONS(-1 Hasil penelitian ini sejalan dengan penelitian yang dilakukan oleh Afandi & Amin (2019) yang menunjukkan hasil bahwa pembiayaan modal kerja dan pembiayaan investasi tidak signifikan berpengaruh terhadap pertumbuhan ekonomi Indonesia.…”

Section: Uji Kointegrasiunclassified

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Perbankan Syariah dan Pertumbuhan Ekonomi Indonesia: Bagaimana Kontribusinya?

Widyastuti

Arinta

2020

JAM

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Islamic banking takes part in the Indonesian economic and financial system which contributes to the dynamics of eeconomic growth. The number of Islamic banks in Indonesia, through its market share, is still quite small, namely 5.95% in 2019 of the total national banking market share. One of the main activities of Islamic banking is channeling financing through financing based on the type of use and business category. This study aims to determine the short-term and long-term contribution of Islamic banking to Indonesia's economic growth using the Vector Error Correction Model (VECM) method. The data used in this study are quarterly secondary data of real Gross Domestic Product (GDP) and financing based on the use and category of Indonesian Islamic banking business types, which consist of working capital financing, investment financing and consumption financing. The results showed that in the short and long term, the variable consumption financing had a significant negative effect on Indonesia's economic growth.

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Section: Pendahuluanunclassified

Section: Pembiayaan Per Tahun (%)unclassified

Section: Uji Kointegrasiunclassified

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Perbankan Syariah dan Pertumbuhan Ekonomi Indonesia: Bagaimana Kontribusinya?

Widyastuti

Arinta

2020

JAM

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“…The absence of influences between Islamic banking financing on economic growth was also revealed by (Afandi & Amin, 2019). In his research, he revealed that investment financing has a negative effect on economic growth.…”

Section: Source: Eviewsmentioning

confidence: 95%

The Impact of Financing in Islamic Banking on Indonesian Economic Growth

Pertiwi¹,

Syathiri²,

Yulianita³

et al. 2021

Modecon

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Abstract. Introduction. Islamic finance can play an important role in encouraging economic growth in Indonesia, namely by financing the real sectors. The role of Islamic banking in providing capital assistance for real sectors is one of the locomotives of economic growth in Indonesia. This research will focus on financing strategic sectors to support the development of a higher and more competitive economy. So that it is known which sectors have played a major role in boosting Indonesia’s economic growth. The sectors to be studied are agriculture, mining, construction, industry, electricity, gas and water in Islamic banking. This study uses descriptive and quantitative analysis using Eviews 9 to simplify data calculations and estimation and using time series data with Ordinary Least Square Approach. Purpose. This research is conducted to investigate the impact of Islamic bank financing on agriculturer sector, mining, industry, electricity, gas and water supply and Construction sector to Indonesia economic growth over the period 2011Q1 -2019Q4. Results. Based on the results of data processing, it is known that Islamic banking financing in the agricultural sector, mining, electricity, gas and water and conctruction sector has a positive effect on economic growth. Meanwhile industrial sector in Islamic banking does not have a significant effect on economic growth. An increase in industrial sector financing by 1 percent is able to reduce GDP by 0.46940 percent. Conclusion: This estimation shows R-Square value is 98 percent influenced by variable financing in the agricultural sector, mining sector, industrial sector, electricity sector, gas and water and the construction sector, while the remaining 2 percent is influenced by other variables outside the model. The agriculture, mining, electricity, gas & water and construction sectors have a positive influence on economic growth. Meanwhile, the industrial sector has a negative influence on economic growth. Keywords: economic growth; Islamic banking; sectoral financing; Ordinary Least Square.

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“…Banking plays its role by issuing bank deposit obligations that contribute to broad monetary aggregates. The Islamic banking industry has proven to be a contributor to the calculation of Indonesia's national income (Afandi and Amin, 2019).…”

Section: Linkage Between Bank Credit Theory Economic Growth and Monet...mentioning

confidence: 99%

Assessing the Islamic Bank Financing During Economic Recession: The Role of Stimulus Regulation POJK Number 11/POJK.03/2020

Riani

Wulandari

2022

JAM

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This study examines the role of the POJK stimulus policy No. 11/POJK.03/2020 on the decision of financing in Indonesia Islamic banking. Furthermore, the study aims to be able to assess the financing behavior of Islamic banks. Accordingly, we design a quantitative approach with panel data analysis method. With case studies on 12 Islamic Commercial Banks with a time period from quarter 1-2017 to quarter 4-2020. We found that the total financing of Islamic banks experience significant changes after the period of economic recession that hit Indonesia. Then, the study found that the role of stimulus regulation has a positive and significant effect on the distribution of total bank financing. This shows that the stimulus regulation through financing relaxation or financing restructuring does not prevent banks from continuing to channel financing to the public. This study also found that Islamic banks do not behave pro-cyclicality behavior towards the business cycle.

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Islamic Bank Financing and Its Effects on Economic Growth: A Cross Province Analysis

Cited by 11 publications

References 13 publications

Perbankan Syariah dan Pertumbuhan Ekonomi Indonesia: Bagaimana Kontribusinya?

Perbankan Syariah dan Pertumbuhan Ekonomi Indonesia: Bagaimana Kontribusinya?

The Impact of Financing in Islamic Banking on Indonesian Economic Growth

Assessing the Islamic Bank Financing During Economic Recession: The Role of Stimulus Regulation POJK Number 11/POJK.03/2020

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