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Cited by 126Islamic Finance and Banking StudiesBanking stability, regulation, efficiencyMonetary Policy and Economic Impact

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Islamic bank contribution to Indonesian economic growth

M. Anwar, Suhardi, Junaidi, Junaidi, Salju, Salju, Wicaksono, Ready, Mispiyanti, Mispiyanti·2020·International Journal of Islamic and Middle Eastern Finance and Management
DOI 10.1108/imefm-02-2018-0071
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Abstract

Purpose: This paper aims to examine the short run and long run of Indonesia Islamic bank (IIB) contribution to economic growth over the periods 2009: Q1 – 2019: Q4. IIB is considered which supported by the largest Muslim population in the world. Deposits, financing and offices are proxy to highlight the relationship between Islamic banks and Indonesia's economic growth. Design/methodology/approach: Through cointegration analysis, autoregressive distributed lag (ARDL), vector error correction model (VECM), variance decompositions (VDCs) and impulse response functions (IRFs), this study investigates the Islamic bank and economic growth nexus. Findings: A significant relationship in the short-run and long-run between IIB deposits and offices and economic growth. There is evidence of a bidirectional relationship between the Islamic bank and economic growth. Social implications: In spite of their market share less than a conventional bank. The result proved than IB a prosperous sector and has a contribution to economic growth. This address regulator must have a dedicated unit to handle IIB legal cases should it go to the court for adjudication. Originality/value: The study role of Islamic banking contribution to economic growth in the context of Indonesia is limited. This paper is the first study that examines empirically the effect of Indonesian Islamic banks on economic growth measured by the amount of gross domestic product (GDP), financing, offices and deposits.

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Metadata

Authors
M. Anwar, S., Junaidi, J., Salju, S., Wicaksono, R., & Mispiyanti, M.
Affiliations
  • Universitas Muhammadiyah Palopo (ID)
  • Sekolah Tinggi Ilmu Ekonomi Balikpapan (ID)
  • Universitas Putra Bangsa (ID)
ORCID
Junaidi, Junaidi
Venue
International Journal of Islamic and Middle Eastern Finance and Management
Publisher
Emerald
Published
2020-06-22
Volume
13
Issue
3
Pages
519-532
ISSN
1753-8394 (ISSN-L)
DOI
10.1108/imefm-02-2018-0071
OpenAlex
W3037763076
Cited by
126
References
2
Citations by year
2026: 15 · 2025: 29 · 2024: 27 · 2023: 32 · 2022: 11 · 2021: 10 · 2020: 2
FWCI
21.53
Type
journal article
Language
en
Open access
closed
Licence
www.emerald.com/insight/site-policies (tdm)
Locations
  • International Journal of Islamic and Middle Eastern Finance and Management (publishedVersion)
  • RePEc: Research Papers in Economics (submittedVersion)
Topics
  • Social Sciences › Business, Management and Accounting › Accounting › Islamic Finance and Banking Studies
  • Social Sciences › Economics, Econometrics and Finance › Finance › Banking stability, regulation, efficiency
  • Social Sciences › Economics, Econometrics and Finance › General Economics, Econometrics and Finance › Monetary Policy and Economic Impact
Keywords
Islamic banking, economic growth, bank deposits, bank financing, bank offices, Indonesia, gross domestic product

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