THE EFFECT OF LIQUIDITY, PROFITABILITY, AND CAPITAL ADEQUACY ON THE FINANCIAL STABILITY OF ISLAMIC COMMERCIAL BANKS IN INDONESIA FOR THE 2021–2024 PERIOD

Falentina Febriya Sugestin; Akhmad Yusuf Khoiruddin

doi:10.14421/v58wnr89

Authors

Falentina Febriya Sugestin UIN Sunan Kalijaga Yogyakarta
Akhmad Yusuf Khoiruddin

DOI:

https://doi.org/10.14421/v58wnr89

Keywords:

Financial Stability, Bank Umum Syariah, Likuiditas, Profitabilitas, Kecukupan Modal, Z-score

Abstract

Purpose : The purpose of this study is to examine how liquidity, profitability, and capital sufficiency affect the financial stability of Indonesia's Islamic Commercial Banks (Bank Umum Syariah) between 2021 and 2024..

Design/methodology/approach: Panel data regression analysis is used in this study's quantitative methodology. Eleven Islamic Commercial Banks were chosen for the sample using purposive sampling, yielding 176 quarterly observations between 2021 and 2024. Financial stability is proxied by the z-score. Liquidity is measured using the Financing to Deposit Ratio (FDR), profitability using Return on Assets (ROA), and capital adequacy using the Capital Adequacy Ratio (CAR). The analysis includes classical assumption tests, t-tests, and F-tests.

Findings: The findings show that the financial stability of Islamic commercial banks is significantly impacted by liquidity, profitability, and capital sufficiency all at the same time. Partially, liquidity (FDR), profitability (ROA), and capital adequacy (CAR) each have a positive and significant effect on financial stability, implying that better internal financial performance enhances bank resilience.

Theoretical Contribution/Originality: This study contributes to the literature by examining post-pandemic conditions (2021–2024) using quarterly panel data, providing a more comprehensive analysis of internal determinants of financial stability in Islamic banking..

Research limitation and implication: The study focuses only on internal financial indicators and Islamic Commercial Banks in Indonesia, suggesting future research may incorporate external macroeconomic variables.

Keywords: Liquidity, Profitability, Capital Adequacy, Financial Stability, Islamic Commercial Banks, Z-score

JEL Classification: G21, G32, C23

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