DETERMINANT OF THE GROWTH OF ISLAMIC BANKING BY MODERATING VARIABLES OF SAVINGS INTEREST RATE AND CREDIT INTEREST RATE EVIDENCE FROM BANTEN, INDONESIA
DOI:
https://doi.org/10.60101/rmuttgber.2025.285342Keywords:
Growth of Islamic banking, Savings profit-sharing , Financing profit-sharing , Credit interest rate, Saving interest rate , Growth of Islamic banking assetsAbstract
This study aims to identify the key determinants of the growth of Islamic banking in Banten Province, Indonesia, and to examine whether the presence of conventional banks acts as a moderating factor in this growth. The research utilizes monthly data spanning the period from 2019 to 2022. The analysis methods employed include Moderating and Multiple Linear Regression, which were conducted using the SPSS program version 22. Findings from this research reveal that the savings profit-sharing and financing profit-sharing significantly impact the growth of Islamic banking. Furthermore, the growth of Islamic bank assets is found to have a significant positive effect on overall Islamic banking growth. The savings interest rate is found to moderate the relationship between the savings profit-sharing and Islamic banking growth, indicating an interplay between conventional banking practices and the development of Islamic financial institutions. However, the interest rate on loans does not function as a moderating variable in the relationship between financing profit-sharing and the growth of Islamic banking.
References
Agresti, A., & Finlay, B. (2008). Statistical methods for the social sciences (4th ed.). New Jersey, NJ: Pearson Prentice Hall.
Anisah, N., Riduwan, A., & Amanah, L. (2013). Faktor-faktor yang Mempengaruhi Pertumbuhan Deposito Mudharabah Bank Syariah. Jurnal Ilmu dan Riset Akuntansi, 1(2), 169-186.
Che Arshad, D. N., & Nurfadilah, D. (2017). The Factors Influencing the Changes of Deposit in Islamic Bank: Comparative Study between Malaysia And Indonesia. Journal of Islamic Banking and Finance, 5(2), 37–46. https://doi.org/10.15640/jibf.v5n2a6
Fardiansyah, H., Rizkia, N. D., Dulame, I. M., & Arifiani, R. (2023) Profit Sharing Financing Factors in Islamic Bangking. GEMILANG: Jurnal Manajemen dan Akuntansi, 3(2), 94–101. https://doi.org/10.56910/gemilang.v3i2.429
Hasan, Z. (2019). Market Share Islamic Banking In Indonesia. IQTISHADUNA: Jurnal Ilmiah Ekonomi Kita, 8(1), 124–137. https://doi.org/10.46367/iqtishaduna.v8i1.157
Hidayat, R. Y. (2016). Pengaruh Nisbah Bagi Hasil Terhadap Penyaluran Pembiayaan Mudhârabah Serta Dampaknya Terhadap Laba Dan Pemerataan Kesejahteraan Masyarakat (Masters thesis, UIN Sunan Gunung Djati Bandung).
Hilman, I. (2016). The Factors Affecting Mudharabah Deposits of Sharia Banking in Indonesia. International Journal of Business and Management Invention, 5(9), 56-66.
Ibrahim, Z., & Fajri, M. (2024). Profit-Sharing and Economic Growth : The Indonesian Experience. Signifikan: Jurnal Ilmu Ekonomi, 13(2), 273–290.
Judijanto, L., Yakup, A. P., Rianto, J., Wahidhani, E. H., & Dharmawan, D. (2023). Analysis Of Fixed Financing, Profit Sharing Financing And Non Performing Financing On Profit Gain Of Banking Industries In Indonesia. JEMSI (Jurnal Ekonomi, Manajemen, Dan Akuntansi), 9(6), 2637–2642. https://doi.org/10.35870/jemsi.v9i6.1692
Junaeni, I., Kurniawati, D., Ridarmelli, & Iqbal, M. (2023). Efforts To Increase the Growth of Islamic Bank Financing By Diversifying the Right Financing Types. International Journal of Professional Business Review, 8(4), 1–26. https://doi.org/10.26668/businessreview/2023.v8i4.1011
Khusnia, C. & Wardana, G. K. (2024). The Influence of Profit-Sharing Rate, Financing, Company Size, and Good Corporate Governance (GCG) on Deposit Growth in Islamic Banks in the Asian Region. Journal of Islamic Economics and Finance Studies, 5(2), 240-258. http://dx.doi.org/10.47700/jiefes.v5i2.7807
Manggu, S. A. R., Hasanuddin, B., Amri, M., & Madris. (2024). The effect of number of offices, profit sharing level, inflation and BI rate on the development of Sharia banks in Indonesia. In A. Patunru et al. (Eds.), Proceedings of the 8th International Conference on Accounting, Management, and Economics 2023 (pp. 131-141). https://doi.org/10.2991/978-94-6463-400-6_10
Meutia, C. S. D., Faisal, & Sakir, A. (2024). The Effect of Asset Structure, Bank Size, Profitability, Bank Growth, and Liquidity on Capital Structure of Islamic Banking in Indonesia. International Journal of Asian Business and Management, 3(4), 407-424.
Meyliana, D., & Mulazid, A. S. (2017). Pengaruh Produk Domestik Bruto (PDB), Jumlah Bagi Hasil dan Jumlah Kantor terhadap Jumlah Deposito Muḍārabah Bank Syariah di Indonesia Periode 2011-2015. Economica: Jurnal Ekonomi Islam, 8(2), 263-283.
Nini, N., Murniati, M., & Rahmaita, R. (2020). Pengaruh Jumlah Bagi Hasil Deposito, Likuiditas, dan Inflasi Terhadap Jumlah Deposito Mudharabah Pada Bank Syariah Mandiri Periode 2014-2018. Jurnal Ekonomi dan Bisnis Dharma Andalas, 22(1), 96-109.
Purnamasari, S., Purwohed, U., & Utaminingtyas, T. H. (2024). Factors Affecting the Growth of Mudharabah Deposits in Islamic Banks in Indonesia. Current Advanced Research on Sharia Finance and Economic Worldwide (CASHFLOW), 3(3), 416–427.
Putri, R. C., & Ristianawati, Y. (2024). Interest Saving In Islamic Banks: Profit Sharing, Religiosity, Product Diversity, And Moderation By Promotions. IQTISHADUNA: Jurnal Ilmiah Ekonomi Kita, 13(1), 127–143. https://doi.org/10.46367/iqtishaduna.v13i1.1841
Relasari, I. M. & Soediro, A. (2017). Empirical Research on Rate of Return, Interest Rate and Mudharabah Deposit. SHS Web Conferences, 34. https://doi.org/10.1051/shsconf/20173412002
Riyadi, S., Iqbal, M., Pangastuti, A. A., & Muditomo, A. (2021). Optimization of Profit-Sharing Financing at Islamic Banking in Indonesia. Jurnal Keuangan Dan Perbankan, 25(2), 260-279.
Rusydiana, S. A., & Prakoso, D. (2021). The Influence of Internal and Macroeconomic Factors on the Profitability of Islamic Commercial Banks in Indonesia. Ekonomi Islam Indonesia, 3(2).
Salman, K. R. (2023). The Determinants of Profit-Sharing Rates for Mudharabah Deposits: The Case of Islamic Banks in Indonesia. Turkish Journal of Islamic Economics, 10(2), 99–119. https://doi.org/10.26414/A3920
Stalia, S., Sunarsih, U., Mustika, M., & Ardheta, P. A. (2024). The Effect of Macro-indicators, Profit Sharing on Mudharabah Deposits: Evidence from Indonesia. Research of Islamic Economics, 1(2), 96–105. https://doi.org/10.58777/rie.v1i2.173
Sugiarto and Surahman, D. (2025). The Effect of Profit Sharing Financing on Profitability with Non Performing Financing (NPF) as an Intervening Variable. Al-Mashrof (Journal Islamic Banking and Finance), 1(2), 144–152.
Yulianto, W. D., Wildaniyati, A., & Rochman, F. (2021). Comparative Analysis of a Financial Performance on Conventional Banks and Sharia Banks in Indonesia. Advances in Economics, Business and Management Research, 173, 187-195.
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2025 Asas Worasutr, Wawan Ichwanudin, Roni Kambara, Ina Indriana
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.
The articles published in this journal are the intellectual property of their respective authors.
The views and opinions expressed in each article are solely those of the individual authors and do not reflect the positions of Rajamangala University of Technology Thanyaburi or any of its faculty members. All components and content of each article are the sole responsibility of the respective authors. In the event of any errors, the authors shall bear full responsibility for their own work.
