Main Article Content
Abstract
Purpose – This study aims to analyze the factors that influence the stability of Islamic banks.
Methods – The research method in this study is panel data regression using Islamic bank data in 12 countries during the period of the fourth quarter of 2016 to the first quarter of 2022. This study includes the COVID 19 variable to see its impact on bank stability.
Findings – The results of the study indicate that the bank’s internal variables, namely CAR and ROA, have a positive effect on bank stability. The inflation variable, which describes macroeconomic conditions and the COVID 19 pandemic period, has a negative impact on stability. Meanwhile, the test results show that GDP does not significantly affect bank stability.
Implications – Central banks and regulators need to improve supervision and regulation to ensure bank’s health. In addition, the government also needs to maintain macroeconomic conditions and take steps for post-pandemic economic recovery.
Originality – This study contributes to banking policy in expanding bank resilience and stability.
Abstrak
Tujuan – Penelitian ini bertujuan untuk menganalisis faktor-faktor yang mempengaruhi stabilitas bank Islam.
Metode – Metode analisis dalam penelitian ini adalah regresi data panel dengan menggunakan data bank Islam di 12 negara selama periode kuartal 4 tahun 2016 sampai dengan kuartal satu 2022. Penelitian ini memasukan variable COVID 19 untuk melihat dampaknya bagi stabilitas bank.
Temuan – Hasil penelitian menunjukkan bahwa variable internal bank yaitu CAR dan ROA memiliki pengaruh positif terhadap stabilitas bank. Variabel inflasi yang menggambarkan kondisi makroekonomi serta periode pandemi COVID 19 memiliki dampak negatif terhadap stabilitas. Sementara itu, hasil pengujian menunjukkan bahwa GDP tidak berpengaruh signifikan terhadap stabilitas bank.
Implikasi – Bank sentral dan regulator perlu meningkatkan pengawasan dan regulasi bagi perbankan untuk memastikan tingkat kesehatan bank. Disamping itu pemerintah juga perlu menjaga kondisi makroekonomi dan mengambil langkah untuk pemulihan ekonomi pasca pandemi.
Orisinalitas – Penelitian ini berkontribusi terhadap kebijakan perbankan dalam memperkuat ketahanan dan stabilitas bank.
Keywords
Article Details
Copyright (c) 2025 Ikhdah Muharimatul Hidayah, Rindang Nuri Isnaini Nugrohowati
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References
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- Besanko, D., & Kanatas, G. (1996). The regulation of bank capital: Do capital standards promote bank safety? Journal of Financial Intermediation, 5(2), 160–183. https://doi.org/10.1006/jfin.1996.0009
- Boyd, J. H., & De Nicoló, G. (2005). The theory of bank risk taking and competition revisited. Journal of Finance, 60(3), 1329–1343. https://doi.org/10.1111/j.1540-6261.2005.00763.x
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- Čihák, M., & Hesse, H. (2010). Islamic Banks and Financial Stability: An Empirical Analysis. Journal of Financial Services Research, 38(2), 95–113. https://doi.org/10.1007/s10693-010-0089-0
- Demirguc-Kunt, A., Detragiache, E., & Merrouche, O. (2010). Bank Capital: Lessons from the Financial Crisis; by Asli Demirguc-Kunt, Enrica Detragiache, and Ouarda Merrouche; IMF Working Paper 10/286; December 1, 2010.
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- Ghozali, M., Azmi, M. U., & Nugroho, W. (2019). Perkembangan Bank Syariah Di Asia Tenggara: Sebuah Kajian Historis. Falah: Jurnal Ekonomi Syariah, 4(1), 44. https://doi.org/10.22219/jes.v4i1.8700
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- Korbi, F., & Bougatef, K. (2017). Regulatory capital and stability of Islamic and conventional banks. International Journal of Islamic and Middle Eastern Finance and Management, 10(3), 312–330. https://doi.org/10.1108/IMEFM-06-2016-0079
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- Muhammad Ali Shahid. (2012). Financial stability of Islamic banking in Pakistan: An empirical study. African Journal of Business Management, 6(10), 3706–3714. https://doi.org/10.5897/ajbm11.1306
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- Widarjono, A. (2020). Stability of Islamic banks in Indonesia: Autoregressive Distributed Lag Approach. Jurnal Keuangan Dan Perbankan, 24(1), 40–52. https://doi.org/10.26905/jkdp.v24i1.3932
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References
Aiyar, S., Calomiris, C. W., & Wieladek, T. (2015). Bank Capital Regulation: Theory, Empirics, and Policy. IMF Economic Review, 63(4), 955–983. https://doi.org/10.1057/imfer.2015.18
Besanko, D., & Kanatas, G. (1996). The regulation of bank capital: Do capital standards promote bank safety? Journal of Financial Intermediation, 5(2), 160–183. https://doi.org/10.1006/jfin.1996.0009
Boyd, J. H., & De Nicoló, G. (2005). The theory of bank risk taking and competition revisited. Journal of Finance, 60(3), 1329–1343. https://doi.org/10.1111/j.1540-6261.2005.00763.x
Chai, Z., Sadiq, M. N., Ali, N., Malik, M., & Hamid, S. A. R. (2022). Bank Specific Risks and Financial Stability Nexus: Evidence From Pakistan. Frontiers in Psychology, 13(June), 1–6. https://doi.org/10.3389/fpsyg.2022.909141
Čihák, M., & Hesse, H. (2010). Islamic Banks and Financial Stability: An Empirical Analysis. Journal of Financial Services Research, 38(2), 95–113. https://doi.org/10.1007/s10693-010-0089-0
Demirguc-Kunt, A., Detragiache, E., & Merrouche, O. (2010). Bank Capital: Lessons from the Financial Crisis; by Asli Demirguc-Kunt, Enrica Detragiache, and Ouarda Merrouche; IMF Working Paper 10/286; December 1, 2010.
Diamond, D. W., & Rajan, R. G. (2005). A Theory of Bank Capital. SSRN Electronic Journal, June. https://doi.org/10.2139/ssrn.166409
Elnahass, M., Trinh, V. Q., & Li, T. (2021). Global banking stability in the shadow of Covid-19 outbreak. Journal of International Financial Markets, Institutions and Money, 72, 101322. https://doi.org/10.1016/j.intfin.2021.101322
Ghenimi, A., Chaibi, H., & Omri, M. A. B. (2017). The effects of liquidity risk and credit risk on bank stability: Evidence from the MENA region. Borsa Istanbul Review, 17(4), 238–248. https://doi.org/10.1016/j.bir.2017.05.002
Ghozali, M., Azmi, M. U., & Nugroho, W. (2019). Perkembangan Bank Syariah Di Asia Tenggara: Sebuah Kajian Historis. Falah: Jurnal Ekonomi Syariah, 4(1), 44. https://doi.org/10.22219/jes.v4i1.8700
Khasawneh, A. Y. (2016). Vulnerability and profitability of MENA banking system: Islamic versus commercial banks. International Journal of Islamic and Middle Eastern Finance and Management, 9(4), 454–473. https://doi.org/10.1108/IMEFM-09-2015-0106
Korbi, F., & Bougatef, K. (2017). Regulatory capital and stability of Islamic and conventional banks. International Journal of Islamic and Middle Eastern Finance and Management, 10(3), 312–330. https://doi.org/10.1108/IMEFM-06-2016-0079
Maritsa, F. H. N., & Widarjono, A. (2019). Indonesian Islamic banks and financial stability: An empirical analysis. Jurnal Ekonomi Dan Bisnis, 11(1), 1–14. http://scioteca.caf.com/bitstream/handle/123456789/1091/RED2017-Eng-8ene.pdf?sequence=12&isAllowed=y%0Ahttp://dx.doi.org/10.1016/j.regsciurbeco.2008.06.005%0Ahttps://www.researchgate.net/publication/305320484_SISTEM_PEMBETUNGAN_TERPUSAT_STRATEGI_MELESTARI
Mat Rahim, S. R., & Zakaria, R. H. (2013). Comparison on Stability between Islamic and Conventional Banks in Malaysia. Journal of Islamic Economics , Banking and Finance, 9(3), 131–149. https://doi.org/10.12816/0001618
Muhammad Ali Shahid. (2012). Financial stability of Islamic banking in Pakistan: An empirical study. African Journal of Business Management, 6(10), 3706–3714. https://doi.org/10.5897/ajbm11.1306
Muhri, A., Habbe, A. H., & Rura, Y. (2022). Analisis Perbandingan Stabilitas Bank Syariah dan Bank Konvensional. Owner, 7(1), 346–366. https://doi.org/10.33395/owner.v7i1.1360
Pratomo, D., & Ramdani, R. F. (2021). Analisis pertumbuhan kinerja keuangan perbankan syariah dan konvensional di era pandemi Covid 19. Derivatif: Jurnal Manajemen, 15(2). http://fe.ummetro.ac.id/ejournal/index.php/JM/article/view/654%0Ahttp://fe.ummetro.ac.id/ejournal/index.php/JM/article/download/654/431
Pujianti, R. (2016). Analisis sturktur pasar perbankan dan stabilitas perbankan di Indonesia (Sebelum dan Setelah Kebijakan Arsitektur Perbankan Indonesia). Jurnal Ekonomi Pembangunan, 5, 105.
Solihin, A., Wazin, & Mukarramah, O. (2023). Pengaruh inflasi dan kurs nilai tukar terhadap profitabilitas bank umum syariah. Jurnal Manajemen Dan Bisnis, 6(2), 51–57.
State of the Global Islamic Economy Report. (2022). State of the Global Islamic Economy Report 2022 - Eng. Summary ; Unlocking Opprtunity. DinarStandard, 1–40. https://haladinar.io/hdn/doc/report2018.pdf
Widarjono, A. (2020). Stability of Islamic banks in Indonesia: Autoregressive Distributed Lag Approach. Jurnal Keuangan Dan Perbankan, 24(1), 40–52. https://doi.org/10.26905/jkdp.v24i1.3932
Widodo, C. H. (2017). Analisis Pengaruh Variabel Makroekonomi Terhadap Kinerja Perbankan Di Indonesia. Jurnal Ilmiah Mahasiswa FEB, 5(2). https://jimfeb.ub.ac.id/index.php/jimfeb/article/view/3814%0Ahttps://jimfeb.ub.ac.id/index.php/jimfeb/article/download/3814/3372