Analysis of the Influence of Total Assets and Islamic Banking Financing on Economic Growth in the 2020-2024 Period

Siti Baghiatul Khair; Marjan Marjan; Siti Raihanun

doi:10.63922/ijebir.v5i05.6389

Siti Baghiatul Khair Islamic Banking, Sharia, Hamzanwadi Islamic Institute, Pancor, East Lombok, Indonesia
Marjan Marjan Islamic Banking, Sharia, Hamzanwadi Islamic Institute, Pancor, East Lombok, Indonesia
Siti Raihanun Islamic Banking, Sharia, Hamzanwadi Islamic Institute, Pancor, East Lombok, Indonesia

DOI: https://doi.org/10.63922/ijebir.v5i05.6389

Keywords: Total Assets, Financing, Islamic Banking, Economic Growth, GDP ADHK

Abstract

Abstract

This study aims to analyze the influence of Total Assets and Financing of Islamic banking on economic growth in Indonesia for the 2020-2024 period, both partially and simultaneously. This research is motivated by the development of Islamic banking in Indonesia, which is characterized by an increase in total assets and financing, but this increase is not necessarily followed by proportional economic growth. This study uses a quantitative approach with secondary data obtained from official publications of the Financial Services Authority (OJK) and the Central Statistics Agency (BPS). The independent variables in this study are Total Assets (X1) and Financing (X2), while the dependent variable is Economic Growth (Y) which is proxied by Gross Domestic Product (GDP) at Constant Prices (ADHK). Data analysis techniques used include multiple linear regression analysis, partial tests (t-test), simultaneous tests (F-test), and coefficient of determination tests. The results show that Total Assets of Islamic banking have a significant effect on economic growth in Indonesia, as evidenced by a significance value of 0.000 <0.05. Meanwhile, Sharia banking financing partially has no significant effect on economic growth. However, simultaneously, Total Assets and Financing have a significant effect on economic growth with a significance value of 0.000 <0.05 in the F test. The results of the coefficient of determination test show an Adjusted R Square value of 0.949, which means that 94.9% of the variation in economic growth can be explained by Total Assets and Financing in the research model, while the remaining 5.1% is explained by other factors outside the research model

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