IDEAS home Printed from https://ideas.repec.org/a/uii/jrjkek/v4y2025i1p112-122id42795.html
   My bibliography  Save this article

Analisis pengaruh pembiayaan Syariah hijau terhadap pertumbuhan ekonomi: Studi di negara anggota OKI

Author

Listed:
  • Priyonggo Suseno
  • Ildhani Afdanisa

Abstract

Purpose – The objective of this research is to examine the impact of Islamic-based green financing on economic growth in some Islamic banking countries: Indonesia, Malaysia, and the United Arab Emirates.Methods – The study employs a fixed effect regression model (FEM), based on panel annual data from 2015 to 2023 from Indonesia, Malaysia, and the UAE. Secondary data from various official sources were utilized for comparative analysis.Findings – Green financing and the exchange rate positively influence economic growth in all three countries. On the other hand, inflation and interest rate do not have a significant effect on economic growth.Implication – The findings emphasize the need to develop more competitive Sharia-compliant green financial instruments and enhance human resource literacy in green finance. Governments should also maintain macroeconomic stability, including a competitive exchange rate, to foster green financing and economic growth.Originality – This study uniquely analyzes the long-term macroeconomic impact of Sharia-compliant green financing using panel data across Indonesia, Malaysia, and the UAE. Its distinct contribution lies in integrating development, green, and Islamic economic perspectives. AbstrakTujuan – Penelitian ini mengkaji sejauh mana pembiayaan hijau berbasis syariah serta variabel ekonomi makro berkontribusi terhadap pertumbuhan ekonomi di tiga negara bank syariah, yaitu Indonesia, Malaysia, dan Uni Emirat Arab (UEA) Metode – Dengan pendekatan kuantitatif, studi ini memanfaatkan data panel periode 2015–2023 dari Indonesia, Malaysia, dan UEA, yang kemudian dianalisis melalui teknik regresi panel menggunakan Fixed Effect Model.Temuan – Pembiayaan hijau serta nilai tukar memiliki dampak positif dan signifikan terhadap PDB, sementara inflasi menunjukkan pengaruh negatif namun tidak signifikan, sedangkan suku bunga berpengaruh positif tetapi tidak signifikan. Implikasi – Temuan ini menekankan urgensi pengembangan instrumen keuangan hijau syariah yang lebih kompetitif dan peningkatan literasi sumber daya manusia di bidang pembiayaan hijau. Pemerintah juga perlu menjaga nilai tukar yang kompetitif, untuk mendorong pertumbuhan ekonomi. Orisinalitas – Penelitian ini secara unik menganalisis dampak makroekonomi jangka panjang pembiayaan hijau syariah dengan data panel di Indonesia, Malaysia, dan UEA. Kontribusi khususnya adalah mengintegrasikan perspektif ekonomi pembangunan, ekonomi hijau, dan ekonomi syariah

Suggested Citation

  • Priyonggo Suseno & Ildhani Afdanisa, 2025. "Analisis pengaruh pembiayaan Syariah hijau terhadap pertumbuhan ekonomi: Studi di negara anggota OKI," Jurnal Kebijakan Ekonomi dan Keuangan, Jurusan Ilmu Ekonomi, Fakultas Bisnis dan Ekonomika, Universitas Islam Indonesia, vol. 4(1), pages 112-122.
    • Handle: RePEc:uii:jrjkek:v:4:y:2025:i:1:p:112-122:id:42795
    as

    Download full text from publisher

    File URL: https://journal.uii.ac.id/JKEK/article/view/42795
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:uii:jrjkek:v:4:y:2025:i:1:p:112-122:id:42795. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Deni Eko Saputro (email available below). General contact details of provider: https://journal.uii.ac.id/JKEK/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.