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ECM and ARDL methods are applied to evaluate macroeconomic and banking variables across a sample of 35 Indonesian Islamic banks. Results show that money supply, liquidity ratio, and financial profitability support growth in both horizons, while inflation and financial risk reduce long-term expansion. Exchange rates, interest rates, and operational efficiency show no significant effect. Long-run relationships remain stable with temporary short-run imbalances.",{"@graph":69,"@context":115},[70,84,106],{"@type":71,"itemListElement":72},"BreadcrumbList",[73,77,79,82],{"item":74,"name":75,"@type":76,"position":8},"https://docshare.wps.com","Home","ListItem",{"item":78,"name":9,"@type":76,"position":14},"https://docshare.wps.com/document/",{"item":80,"name":40,"@type":76,"position":81},"https://docshare.wps.com/document/research-report/",3,{"item":83,"name":65,"@type":76,"position":19},"https://docshare.wps.com/document/examining-profit-sharing-financing-dynamics-in-indonesian-islamic-banking-ecm-and-ardl-approaches/201418/",{"url":83,"name":65,"@type":85,"image":86,"author":91,"headline":65,"publisher":94,"fileFormat":97,"inLanguage":63,"description":67,"dateModified":98,"datePublished":99,"encodingFormat":97,"isAccessibleForFree":100,"interactionStatistic":101},"DigitalDocument",{"url":87,"@type":88,"width":89,"height":90},"https://docshare.wps.com/thumbnails/examining-profit-sharing-financing-dynamics-in-indonesian-islamic-banking-ecm-and-ardl-approaches/201418.png","ImageObject",300,407,{"name":92,"@type":93},"Sophia Brooks","Person",{"url":74,"name":95,"@type":96},"DocShare","Organization","application/pdf","2026-10-29","2026-09-04",true,{"@type":102,"interactionType":103,"userInteractionCount":105},"InteractionCounter",{"@type":104},"ViewAction",15,{"@type":107,"mainEntity":108},"FAQPage",[109],{"name":110,"@type":111,"acceptedAnswer":112},"Do exchange rates, interest rates, and operational efficiency significantly impact profit-sharing financing?","Question",{"text":113,"@type":114},"No. The findings indicate that exchange rates, interest rates, and operational efficiency do not have a significant influence on profit-sharing financing growth.","Answer","https://schema.org",{"og:url":83,"og:type":117,"og:title":65,"og:site_name":95,"og:description":67},"article",{"robots":119,"canonical":83},"index,follow",{"doc_id":121,"site_id":62},201418,1788533350,{"code":4,"msg":5,"data":124},{"doc_id":121,"user_id":125,"nickname":92,"user_avatar":126,"doc_module":4,"category_id":39,"category_name":40,"doc_title":65,"doc_description":67,"doc_content":127,"file_id":128,"file_url":129,"file_type":130,"file_size":131,"view_count":105,"is_deleted":4,"is_public":8,"is_downloadable":8,"audit_status":8,"page_count":132,"language":133,"language_code":63,"site_id":62,"html_lang":63,"table_of_contents":134,"faqs":135,"seo_title":136,"seo_description":67,"update_tm":122,"read_time":36,"preview_page_count":4},962084925636,"https://ap-avatar.wpscdn.com/davatar_994ba38a5ba835b3df7d355c54d3ed8d","Examining profit-sharing financing dynamics in Indonesian Islamic banking: ECM and ARDL approaches  \nSandi Sandia1, Ascarya Ascarya2, Sulaeman Sulaeman3  \n1Master of Islamic Economics, Faculty of Islamic Economics and Business, Tazkia University, Bogor, Indonesia  \n2Lecturer of Islamic Economics Study Program, Faculty of Islamic Economics and Business, Tazkia University, Bogor, Indonesia  \n3Department of Islamic Economics, Faculty of Economics and Business, Universitas Airlangga, Indonesia  \n3Senior Resercher, R-Square Research Consulting, Bogor, Indonesia  \nArticle Info  Abstract  \nArticle History Purpose – This study examines the key factors driving profit-sharing  \nReceived : 2025-01-13 financing growth in Indonesian Islamic banks and offers insights into post  \nRevised : 2025-05-01 Covid-19 recovery strategies.  \nAccepted : 2025-08-04  \nPublished : 2025-08-06 Methodology – This study used the ECM and ARDL methods to analyze  \nshort-term adjustments and long-term dynamics in 35 Indonesian Islamic  \nKeywords: banks.  \nProfit-sharing financing, Islamic  \nbanking, banking policy, Findings – The results indicate that money supply, liquidity ratio, and  \nCOVID-19 crisis, Indonesia financial profitability drive both short- and long-term growth in profitsharing financing. Conversely, inflation and financial risk negatively affect  \nDOI: the long-term expansion of such financing. Meanwhile, exchange rates,  \n[10.20885/JEKI.vol11.iss2.art4](10.20885/JEKI.vol11.iss2.art4 interest rates)[ interest rates](10.20885/JEKI.vol11.iss2.art4 interest rates), and operational efficiency do not have a significant influence.  \nAdditionally, the findings highlight that long-term relationships in profit  \nJELE44, ClaE58,sificG21a, tionO53: sharing financing remain stable, with temporary short-term imbalances.  \nImplications – This study provides evidence for policymakers and Islamic  \nCorresponding author: bank management to develop strategies to enhance profit-sharing financing, Sandi Sanida  \nsupport Islamic banking growth, and guide post-Covid-19 recovery policies.  \n[sandi.sandia89@gmail.com](sandi.sandia89@gmail.com)  \nInsights highlight key areas for strengthening Islamic banking operations in  \nAuthor’s email: Indonesia.  \n[dr.ascarya@gmail.com](dr.ascarya@gmail.com) Originality – This study builds on previous research by applying the ECM  \n[sulaeman-2024@feb.unair.ac.id](sulaeman-2024@feb.unair.ac.id and ARDL frameworks)[ and ARDL frameworks](sulaeman-2024@feb.unair.ac.id and ARDL frameworks), providing a more comprehensive analysis of profit  \nsharing financing determinants in Indonesian Islamic banking.  \nPaper type:  \nResearch paper Cite this article:  \nSandia, S., Ascarya, A., & Sulaeman, S. (2025) . Examining profit-sharing  \n financing dynamics in Indonesian Islamic banking: ECM and ARDL Center for Islamic Economics Studies approaches. Jurnal Ekonomi & Keuangan Islam, 11 (2), 211-226 and Dand Eecvelopmeonomics,nt, Faculty ofUniversitas IBslusiamness [https://doi.org/10.20885/JEKI.vol11.iss2.art4](https://doi.org/10.20885/JEKI.vol11.iss2.art4)  \nIndonesia  \nIntroduction  \nFinancing in Islamic banking refers to the provision of funds by parties with surplus resources to those in need, thus enabling planned investment activities through individual or institutional arrangements. Financing supports various investment projects (Al-Arif, 2011) . Rivai (2008) emphasized that financing is a trust-based transaction, wherein the lender entrusts the borrower with funds, trusting that they will be used responsibly. Indonesian Law No. 21 of 2008 on Islamic Banking defines financing as the provision of funds according to Sharia principles, encompassing a range of contracts such as mudharabah, musyarakah, ijarah, murabahah, salam, istishna, and qardh, all of which require mutual agreement and compliance with Islamic principles.  \nIn the Islamic banking sector, financing is crucial as it directly contributes to public investment activities. According ","cbCaivargEdTdrQY","https://ap.wps.com/l/cbCaivargEdTdrQY","pdf",699669,16,"English","# Introduction\n## Purpose and background\n## Financing and profit-sharing mechanisms\n## Covid-19 impact and research gap","[{\"question\":\"Do exchange rates, interest rates, and operational efficiency significantly impact profit-sharing financing?\",\"answer\":\"No. The findings indicate that exchange rates, interest rates, and operational efficiency do not have a significant influence on profit-sharing financing growth.\"}]","Examining profit-sharing financing dynamics in Indonesian Islamic banking: ECM and ARDL approaches | PDF"]