Examining profit-sharing financing dynamics in Indonesian Islamic banking: ECM and ARDL approaches

Purpose – This study examines the key factors driving profit-sharing financing growth in Indonesian Islamic banks and offers insights into post-Covid-19 recovery strategies. Methodology – This study used the ECM and ARDL methods to analyze short-term adjustments and long-term dynamics in 35 Indones...

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Main Authors: Sandi Sandia, Ascarya Ascarya, Sulaeman Sulaeman
Format: Article
Language:English
Published: Center for Islamic Economics Studies and Development 2025-08-01
Series:Jurnal Ekonomi dan Keuangan Islam
Subjects:
Online Access:https://journal.uii.ac.id/JEKI/article/view/38399
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author Sandi Sandia
Ascarya Ascarya
Sulaeman Sulaeman
author_facet Sandi Sandia
Ascarya Ascarya
Sulaeman Sulaeman
author_sort Sandi Sandia
collection DOAJ
description Purpose – This study examines the key factors driving profit-sharing financing growth in Indonesian Islamic banks and offers insights into post-Covid-19 recovery strategies. Methodology – This study used the ECM and ARDL methods to analyze short-term adjustments and long-term dynamics in 35 Indonesian Islamic banks. Findings – The results indicate that money supply, liquidity ratio, and financial profitability drive both short- and long-term growth in profit-sharing financing. Conversely, inflation and financial risk negatively affect the long-term expansion of such financing. Meanwhile, exchange rates, interest rates, and operational efficiency do not have a significant influence. Additionally, the findings highlight that long-term relationships in profit-sharing financing remain stable, with temporary short-term imbalances. Implications – This study provides evidence for policymakers and Islamic bank management to develop strategies to enhance profit-sharing financing, support Islamic banking growth, and guide post-Covid-19 recovery policies. Insights highlight key areas for strengthening Islamic banking operations in Indonesia. Originality – This study builds on previous research by applying the ECM and ARDL frameworks, providing a more comprehensive analysis of profit-sharing financing determinants in Indonesian Islamic banking.
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spelling doaj-art-5920ff313dff4d13aaa51c3e4cd61c132025-08-20T02:57:22ZengCenter for Islamic Economics Studies and DevelopmentJurnal Ekonomi dan Keuangan Islam2088-99682614-69082025-08-0111210.20885/JEKI.vol11.iss2.art4Examining profit-sharing financing dynamics in Indonesian Islamic banking: ECM and ARDL approachesSandi Sandia0Ascarya Ascarya 1Sulaeman Sulaeman2Master of Islamic Economics, Faculty of Islamic Economics and Business, Tazkia University, Bogor, IndonesiaLecturer of Islamic Economics Study Program, Faculty of Islamic Economics and Business, Tazkia University, Bogor, IndonesiaDepartment of Islamic Economics, Faculty of Economics and Business, Universitas Airlangga, Indonesia and Senior Resercher, R-Square Research Consulting, Bogor, Indonesia Purpose – This study examines the key factors driving profit-sharing financing growth in Indonesian Islamic banks and offers insights into post-Covid-19 recovery strategies. Methodology – This study used the ECM and ARDL methods to analyze short-term adjustments and long-term dynamics in 35 Indonesian Islamic banks. Findings – The results indicate that money supply, liquidity ratio, and financial profitability drive both short- and long-term growth in profit-sharing financing. Conversely, inflation and financial risk negatively affect the long-term expansion of such financing. Meanwhile, exchange rates, interest rates, and operational efficiency do not have a significant influence. Additionally, the findings highlight that long-term relationships in profit-sharing financing remain stable, with temporary short-term imbalances. Implications – This study provides evidence for policymakers and Islamic bank management to develop strategies to enhance profit-sharing financing, support Islamic banking growth, and guide post-Covid-19 recovery policies. Insights highlight key areas for strengthening Islamic banking operations in Indonesia. Originality – This study builds on previous research by applying the ECM and ARDL frameworks, providing a more comprehensive analysis of profit-sharing financing determinants in Indonesian Islamic banking. https://journal.uii.ac.id/JEKI/article/view/38399Profit-sharing financingIslamic Bankingbanking policyCOVID-19 crisisIndonesia
spellingShingle Sandi Sandia
Ascarya Ascarya
Sulaeman Sulaeman
Examining profit-sharing financing dynamics in Indonesian Islamic banking: ECM and ARDL approaches
Jurnal Ekonomi dan Keuangan Islam
Profit-sharing financing
Islamic Banking
banking policy
COVID-19 crisis
Indonesia
title Examining profit-sharing financing dynamics in Indonesian Islamic banking: ECM and ARDL approaches
title_full Examining profit-sharing financing dynamics in Indonesian Islamic banking: ECM and ARDL approaches
title_fullStr Examining profit-sharing financing dynamics in Indonesian Islamic banking: ECM and ARDL approaches
title_full_unstemmed Examining profit-sharing financing dynamics in Indonesian Islamic banking: ECM and ARDL approaches
title_short Examining profit-sharing financing dynamics in Indonesian Islamic banking: ECM and ARDL approaches
title_sort examining profit sharing financing dynamics in indonesian islamic banking ecm and ardl approaches
topic Profit-sharing financing
Islamic Banking
banking policy
COVID-19 crisis
Indonesia
url https://journal.uii.ac.id/JEKI/article/view/38399
work_keys_str_mv AT sandisandia examiningprofitsharingfinancingdynamicsinindonesianislamicbankingecmandardlapproaches
AT ascaryaascarya examiningprofitsharingfinancingdynamicsinindonesianislamicbankingecmandardlapproaches
AT sulaemansulaeman examiningprofitsharingfinancingdynamicsinindonesianislamicbankingecmandardlapproaches