The impact of Islamic third-party funds and Islamic bank financing on economic growth in Jambi Province
DOI:
https://doi.org/10.24191/nk0adb85Keywords:
Third Party Funds, Islamic Banking Financing, Economic Growth, ARDL, ECMAbstract
This study aims to analyze the influence of Sharia Third Party Funds (TPF) and Sharia banking financing on the economic growth of Jambi Province for the period 2010–2024. This study uses secondary time series data obtained from the Central Statistics Agency (BPS) and the Financial Services Authority (OJK). The analysis was conducted using the Autoregressive Distributed Lag (ARDL) and Error Correction Model (ECM) methods. The results show that Sharia Third Party Funds (TPF) have a negative and significant effect on economic growth, while Sharia banking financing has a positive and significant effect. Simultaneously, both variables have a significant effect on economic growth. In addition, a long-term relationship was found between Sharia Third Party Funds, Sharia banking financing, and economic growth in Jambi Province. The research findings indicate that Sharia banking financing plays a role in driving regional economic growth. Therefore, optimization of financing distribution to the productive sector needs to be continuously improved to strengthen the contribution of Sharia banking to the regional economy.
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