Analysis of Factors Affecting Financial Sustainability in Islamic Commercial Banks in Indonesia for the Period 2018-2023
Abstract
The banking sector is very dependent on the trust of the public, so that when there are issues regarding the bank's unstable condition, the public will collectively withdraw their funds from the bank, which will affect the sustainability of a bank. This research aims to analyze the factors that influence financial sustainability in Sharia Commercial Banks in Indonesia in the 2018-2023 period using the independent variables Financial to Deposit Ratio (FDR), Capital Adequacy Ratio (CAR), and Non-Performing Financing (NPF), while the variable moderation using Return On Assets (ROA). The method used in this research is descriptive quantitative by analyzing secondary data processed using Eviews 12 with multiple linear regression methods with the MRA test and using annual panel data from 2018-2023. The results of the research are that FDR has an insignificant positive effect on FSR. CAR has an insignificant negative effect on FSR. NPF has a significant negative effect on FSR. ROA can moderate the influence of FDR on FSR. ROA can moderate the influence of CAR on FSR. ROA cannot moderate the influence of NPF on FSR.
Keywords: FDR; CAR; NPF; FSR; ROA
References
Alim, M. (2018). The Effect of Capital Adequacy Ratio, Non-Performing Financing, and Net Profit on Financial Sustainability Ratio (in Islamic Banking Companies in Indonesia for the Period 2014-2018). Balance Vocation Accounting Journal, 4(1), 28–42.
Ayuningtyas, R. D., Wati, R., & Safa’ah, F. (2018). Sustainability of sharia rural banks in Central Java. Journal of Islamic Economics & Finance, 4(2), 59–66. https://doi.org/10.20885/jeki.vol4.iss2.art1
Damayanti, A. E. R. I., & Annisa, A. A. (2021). The effect of NPF, FDR, and BOPO on the profit sharing rate of mudharabah deposits: ROA as a moderating variable. Journal of Accounting and Digital Finance, 1(1), 36–48. https://doi.org/10.53088/jadfi.v1i1.17
Ghozali, I. (2013). Application of Multivariate Analysis with IMB SPSS 21 Edition Seven Program. Diponegoro University
Diponegoro.
Himawan, A. F., & Imanda Firmantyas Putri Pertiwi. (2022). The Influence of Inflation, Exchange Rate, Non-Performing Financing (NPF) and Financing to Deposit Ratio (FDR) on Financial Sustainability Ratio with Return on Assets (ROA) as Mediation. Accounting and Finance Studies, 2(3), 95–113. https://doi.org/10.47153/afs23.3802022
Kuswahariani, W., Siregar, H., & Syarifuddin, F. (2020). Analysis of Non-Performing Financing (NPF) in General and in the Micro Segment at Three National Islamic Banks in Indonesia. Journal of Business and Management Applications, 6(1), 26–36. https://doi.org/10.17358/jabm.6.1.26
Mudzakir, A. (2019). The Effect of CAR, NPF, and FDR on the ROA of Bank Mega Syari'Ah for the Period March 2007 – December 2014. ADLIYA: Journal of Law and Humanity, 10(2), 217–232. https://doi.org/10.15575/adliya.v10i2.5156
Muliawati, S., & Khoiruddin, M. (2014). Determinants of Islamic bank profitability in Indonesia. Management Analysis Journal, 3(2), 1–6.
Munandar, A., & Aravik, H. (2022). The Effect of Camel on Financial Sustainability Ratios in Islamic Commercial Banks from June 2014 to February 2022. Ekonomica Sharia: Journal of Islamic Economic Thought and Development Development Development,8(1),
49–58. https://ejournal.stebisigm.ac.id/index.php/esha/article/view/482 Muthia Anggraeni. (2022). The Influence of Service Quality and Product Excellence on
Customer Satisfaction at Bank Muamalat Bandung. Journal of Economic and Business Research, 59–64. https://doi.org/10.29313/jrieb.vi.825
Notoadmojo, I., & Rahmawaty, A. (2017). Analysis of Factors Affecting Financial Sustainability Ratios in Islamic Commercial Banks in Indonesia for the Period 2010–2014. Equilibrium: Journal of Islamic Economics, 4(1), 20.
https://doi.org/10.21043/equilibrium.v4i1.1836
Nurhikmah, S., & Rahim, R. (2021). The Influence of Financial and Non-Financial Factors on the Financial Sustainability Ratio of Banks. Journal of Management and Business Review, 18(1), 25–
47. https://doi.org/10.34149/jmbr.v18i1.214
Pratiwi, Y. I., & Nabila, R. (2022). The Effect of DPK, CAR, and FDR on Murabahah Financing with ROA as a Moderating Variable. MALIA: Journal of Islamic Banking and Finance, 6(1), 72. https://doi.org/10.21043/malia.v6i1.13369
Saputri, K. O. (2019). Financial Performance on Corporate Sustainability. Contemporary Accounting Research Journal, 11(1), 24–32. https://doi.org/10.23969/jrak.v11i1.1869
Simatupang, H. B., Islam, U., & Utara, S. (2019). The role of banking in improving the Indonesian economy.
6(2), 136–146.
Widyastuti, E. (2021). FEASIBILITY STUDY OF SHARIA FINANCIAL INSTITUTIONS
(Q. M. Bahjatulloh (ed.)). Research and Community Service Institute (LP2M) IAIN Salatiga.
Widyastuti, E. (2022). Macroeconomic Instruments and Their Influence on the Financial Performance of Commercial Banks in Indonesia During the Covid-19 Pandemic. Masharif Al-Syariah Journal: Journal of Economics and Islamic Banking, 7(1), 212–230. https://journal.um-surabaya.ac.id/index.php/Mas/article/view/9637/pdf
Winny Herdinigtyas, & Luciana Spica Almilia. (2005). Analysis of Camel Ratios in Predicting Problematic Conditions in Banking Institutions for the Period 2000-2002. Journal of Accounting and Finance, 7(2), 131–147. http://puslit2.petra.ac.id/ejournal/index.php/aku/article/view/16448
Wulandari, R. (2022). ANALYSIS OF THE EFFECT OF LOAN TO DEPOSIT RATIO (LDR) AND CAPITAL ADEQUACY RATIO (CAR) ON STOCK RETURNS WITH PROFITABILITY
AS A MODERATING VARIABLE Introduction Stock return is a ratio of profit enjoyed by an investor on their investment. https://doi.org/10.32812/jibeka.v16i2.412
Yuliawati, Jensen, L., & Sumadianing Saputri, P. (2020). Analysis of Factors Affecting the Financial Sustainability Ratio of Islamic Banking in Indonesia for the Period 2010-2016. AL-IQTISHADY: Journal Economics Syariah, 1(2), 132–140. https://ejournal.stainupacitan.ac.id/index.php/Al-Iqtishady/article/view/102/pdf
Ayuningtyas, R. D., Wati, R., & Safa’ah, F. (2018). Sustainability of sharia rural banks in Central Java. Journal of Islamic Economics & Finance, 4(2), 59–66. https://doi.org/10.20885/jeki.vol4.iss2.art1
Damayanti, A. E. R. I., & Annisa, A. A. (2021). The effect of NPF, FDR, and BOPO on the profit sharing rate of mudharabah deposits: ROA as a moderating variable. Journal of Accounting and Digital Finance, 1(1), 36–48. https://doi.org/10.53088/jadfi.v1i1.17
Ghozali, I. (2013). Application of Multivariate Analysis with IMB SPSS 21 Edition Seven Program. Diponegoro University
Diponegoro.
Himawan, A. F., & Imanda Firmantyas Putri Pertiwi. (2022). The Influence of Inflation, Exchange Rate, Non-Performing Financing (NPF) and Financing to Deposit Ratio (FDR) on Financial Sustainability Ratio with Return on Assets (ROA) as Mediation. Accounting and Finance Studies, 2(3), 95–113. https://doi.org/10.47153/afs23.3802022
Kuswahariani, W., Siregar, H., & Syarifuddin, F. (2020). Analysis of Non-Performing Financing (NPF) in General and in the Micro Segment at Three National Islamic Banks in Indonesia. Journal of Business and Management Applications, 6(1), 26–36. https://doi.org/10.17358/jabm.6.1.26
Mudzakir, A. (2019). The Effect of CAR, NPF, and FDR on the ROA of Bank Mega Syari'Ah for the Period March 2007 – December 2014. ADLIYA: Journal of Law and Humanity, 10(2), 217–232. https://doi.org/10.15575/adliya.v10i2.5156
Muliawati, S., & Khoiruddin, M. (2014). Determinants of Islamic bank profitability in Indonesia. Management Analysis Journal, 3(2), 1–6.
Munandar, A., & Aravik, H. (2022). The Effect of Camel on Financial Sustainability Ratios in Islamic Commercial Banks from June 2014 to February 2022. Ekonomica Sharia: Journal of Islamic Economic Thought and Development Development Development,8(1),
49–58. https://ejournal.stebisigm.ac.id/index.php/esha/article/view/482 Muthia Anggraeni. (2022). The Influence of Service Quality and Product Excellence on
Customer Satisfaction at Bank Muamalat Bandung. Journal of Economic and Business Research, 59–64. https://doi.org/10.29313/jrieb.vi.825
Notoadmojo, I., & Rahmawaty, A. (2017). Analysis of Factors Affecting Financial Sustainability Ratios in Islamic Commercial Banks in Indonesia for the Period 2010–2014. Equilibrium: Journal of Islamic Economics, 4(1), 20.
https://doi.org/10.21043/equilibrium.v4i1.1836
Nurhikmah, S., & Rahim, R. (2021). The Influence of Financial and Non-Financial Factors on the Financial Sustainability Ratio of Banks. Journal of Management and Business Review, 18(1), 25–
47. https://doi.org/10.34149/jmbr.v18i1.214
Pratiwi, Y. I., & Nabila, R. (2022). The Effect of DPK, CAR, and FDR on Murabahah Financing with ROA as a Moderating Variable. MALIA: Journal of Islamic Banking and Finance, 6(1), 72. https://doi.org/10.21043/malia.v6i1.13369
Saputri, K. O. (2019). Financial Performance on Corporate Sustainability. Contemporary Accounting Research Journal, 11(1), 24–32. https://doi.org/10.23969/jrak.v11i1.1869
Simatupang, H. B., Islam, U., & Utara, S. (2019). The role of banking in improving the Indonesian economy.
6(2), 136–146.
Widyastuti, E. (2021). FEASIBILITY STUDY OF SHARIA FINANCIAL INSTITUTIONS
(Q. M. Bahjatulloh (ed.)). Research and Community Service Institute (LP2M) IAIN Salatiga.
Widyastuti, E. (2022). Macroeconomic Instruments and Their Influence on the Financial Performance of Commercial Banks in Indonesia During the Covid-19 Pandemic. Masharif Al-Syariah Journal: Journal of Economics and Islamic Banking, 7(1), 212–230. https://journal.um-surabaya.ac.id/index.php/Mas/article/view/9637/pdf
Winny Herdinigtyas, & Luciana Spica Almilia. (2005). Analysis of Camel Ratios in Predicting Problematic Conditions in Banking Institutions for the Period 2000-2002. Journal of Accounting and Finance, 7(2), 131–147. http://puslit2.petra.ac.id/ejournal/index.php/aku/article/view/16448
Wulandari, R. (2022). ANALYSIS OF THE EFFECT OF LOAN TO DEPOSIT RATIO (LDR) AND CAPITAL ADEQUACY RATIO (CAR) ON STOCK RETURNS WITH PROFITABILITY
AS A MODERATING VARIABLE Introduction Stock return is a ratio of profit enjoyed by an investor on their investment. https://doi.org/10.32812/jibeka.v16i2.412
Yuliawati, Jensen, L., & Sumadianing Saputri, P. (2020). Analysis of Factors Affecting the Financial Sustainability Ratio of Islamic Banking in Indonesia for the Period 2010-2016. AL-IQTISHADY: Journal Economics Syariah, 1(2), 132–140. https://ejournal.stainupacitan.ac.id/index.php/Al-Iqtishady/article/view/102/pdf
Published
2025-12-01
How to Cite
Astutik, R., Widyastuti, E., Elmanaya, N., & Pratiwi, M. (2025). Analysis of Factors Affecting Financial Sustainability in Islamic Commercial Banks in Indonesia for the Period 2018-2023. Annual International Conference on Islamic Economics and Business (AICIEB), 5(-), 33-42. https://doi.org/https://doi.org/10.18326/aicieb.v5i-.812
Issue
Section
ARTICLES
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
