The Effect of FDR, OER And ROA on The Performance of Islamic Banks Listed on The Indonesia Stock Excange 2014-2024
DOI:
https://doi.org/10.31958/imara.v10i1.16896Keywords:
Islamic Bank Financial Performance, ROA, FDR, OERAbstract
Background. The Islamic banking industry in Indonesia has undergone significant structural transformation, particularly following the merger forming Bank Syariah Indonesia in 2021. Post-merger, BSI’s profitability from 2022 to 2024 was driven by operational cost efficiency and growth in productive financing, with the FDR and OER (BOPO) ratios contributing to its profitability during that period..
Purpose. The purpose of this study is to analyze the influence of FDR, OER, and ROA on the performance of Islamic banks listed on the Indonesia Stock Exchange (IDX) for the 2014–2024 period.
Method. This quantitative research method employs a multiple linear regression approach. Secondary data from the banks’ annual financial reports were selected using a purposive sampling technique, resulting in 34 observations and a sample consisting of four banks listed on the Indonesia Stock Exchange. The multiple linear regression analysis was conducted using SPSS Statistics 27 software.
Results. The partial results of the study indicate that the FDR and OER variables have no significant effect on Bank Performance, the ROA variable has a positive and significant effect on Bank Performance. Simultaneously, the three independent variables have a significant effect on Bank Performance, with an F test significance value of 0.000 (<0.05). The Adjusted R Square (R²) value of 0.814 indicates that 81.4% of the variation in Bank Performance changes can be explained by the FDR, OER, and ROA variables, while the remaining 18.6% is explained by other factors outside the research model
Conclusion. First, the FDR variable has no significant effect on financial performance. Second, the OER variable also has no significant effect on financial performance. Third, the ROA variable has a positive effect on financial performance. Fourth, simultaneously, FDR, OER, and ROA significantly influence financial performance, so the regression model used is considered adequate to explain the relationship between these variables
References
Alhammadi, S., Alotaibi, K. O., & Hakam, D. F. (2022). Analysing Islamic banking ethical performance from Maqāṣid al-Sharī ‘ah perspective: evidence from Indonesia. In Journal of Sustainable Finance & Investment (Vol. 12, Number 4, pp. 1171–1193). Taylor & Francis. https://doi.org/https://doi.org/ 10.1080/20430795.2020.1848179
Anisa Ayuni, Firizqi, Z. R., & Amijaya, R. N. F. (2026). Impact Of Third-Party Funds, FDR, And NPF On ROA Of Indonesian Islamic Banks. Airlangga International Journal of Islamic Economics and Finance, 9(01 SE-Articles), 91–110. https://doi.org/10.20473/aijief.v9i01.66424
Damayanti, N., & Lestari, W. D. (2023). Effect of Capital Aquency Ratio, Non-Performing Financing, Operational Efficiency Ratio, Financing to Deposit Ratio on Financial Performance of Sharia Banks. International Conference on Economics and Business Studies (ICOEBS-22-2), 435–449. https://doi.org/10.2991/978-94-6463-204-0_38
Defina, D., & Kuswanto, R. (2025). Tata Kelola Perusahaan dan Kinerja Finansial: Evaluasi Berdasarkan Keberagaman Gender dan Struktur Pengawasan. Paradoks: Jurnal Ilmu Ekonomi, 8(3), 1364–1379. https://doi.org/https://doi.org/10.57178/paradoks.v8i3.1500
Ghozali, I. (2018). Aplikasi Analisis Multivariate Dengan Program IBM SPSS 25, Edisi Kesembilan. Seminar Nasional Hasil Penelitian-Stimik Handayani Denpasar.
Ghozi, S., Kusumawati, A., Yulianto, E., & Utami, H. N. (2025). Pursuing student satisfaction in polytechnics: the roles of perceived service quality, perceived employability and perceived value. Quality Assurance in Education, 33(3), 462–478. https://doi.org/https://doi.org/10.1108/QAE-09-2024-0174
Hafiz, A. P., Hamzah, M., & Jana, S. (2025). Pengaruh Rasio CAR, FDR, BOPO Dan NPF Terhadap ROA Bank Umum Syariah di Indonesia Periode 2021-2023. MARGIN: Journal of Islamic Banking, 5(1), 41–62.
Ichsani, S., & Suhardi, A. R. (2015). The effect of return on equity (ROE) and return on investment (ROI) on trading volume. Procedia-Social and Behavioral Sciences, 211, 896–902.
Lesmana, C. I., & Budianto, L. (2024). The Role Of Financial Technology In Increasing Islamic Financial Inclusion: Analysis Of Potential And Challenges. Al-Afkar, Journal For Islamic Studies, 7(1), 882–893. https://doi.org/https://doi.org/10.31943/afkarjournal.v7i1.898
Maharani, N. S., & Trishananto, Y. (2025). Pengaruh NPF dan FDR terhadap ROA dengan CAR sebagai Variabel Intervening pada Bank Umum Syariah di Indonesia Tahun 2019-2023. Jurnal Keuangan Dan Perbankan, 21(2), 113–122.
Maisaroh, N., & Nawangsari, A. T. (2026). Pengaruh NPF dan FDR terhadap ROA Bank Syariah Indonesia dalam Jangka Panjang dan Jangka Pendek. EKOMA: Jurnal Ekonomi, Manajemen, Akuntansi, 5(2), 1072–1081.
Murtiningsih, S., & Tohirin, A. (2023). The influence of some bank financial ratios characteristics on profitability in sharia bank. International Journal of Economics, Business and Accounting Research (IJEBAR), 7(1).
Nasfi, N., Iska, S., Nofrivul, N., & Antoni, A. (2019). Financial Sustainability Inthe Assessment Of Thefinancial Performance Of West Sumatra Sharia Financing Bank (BPRS). Jurnal Menara Ekonomi: Penelitian Dan Kajian Ilmiah Bidang Ekonomi, 5(1). https://doi.org/https://doi.org/10.31869/me. v5i1.1272
Nasfi, N., Prawira, A., Lutfi, A., Suhatman, S., & Sabri, S. (2025). Sharia Compliance Indicators and Implications for Fraud Risk in Sharia Commercial Banks in Indonesia. El-Kahfi| Journal of Islamic Economics, 6(02), 412–423. https://doi.org/https://doi.org/10.58958/elkahfi.v6i02.584
Ningsih, A. F. (2024). The Influence of CAR, OER and FDR on Profitability with NPF as a Moderating Variable in Bank Umum Syariah Indonesia 2019-2023. Annual International Conference on Islamic Economics and Business (AICIEB),4,231–239. https://doi.org/https://doi.org/10.18326/aicieb.v4i0.719
Puspitasari, E., Sudiyatno, B., Hartoto, W. E., & WIDATI, L. W. (2021). Net interest margin and return on assets: A Case Study in Indonesia. The Journal of Asian Finance, Economics and Business, 8(4), 727–734. https://doi.org/doi:10.13106/jafeb.2021.vol8.no4.0727
Regina, F. (2024). Pengaruh FDR dan BOPO Terhadap Profitabilitas Bank Umum Syariah di Indonesia Periode 2020-2023. Jurnal Ilmiah Ekonomi Dan Manajemen, 2(6), 754–762.
Sholekah, A., Robe’nur, K., & Putri, M. C. (2025). The Pengaruh FDR Dan BOPO Terhadap Profitabilitas (ROA) Pada PT Bank Syariah Indonesia (BSI): Analisis Data Tahun 2022-2024. ISTIKHLAF: Jurnal Ekonomi, Perbankan Dan Manajemen Syariah, 7(2), 266–284.
Tho’in, M. (2022). Effect of financing to deposit ratio and operational efficiency on profitability (ROA) with NPF as intervening in Islamic banks. Jurnal Ilmiah Ekonomi Islam, 8(2), 2020–2026. https://doi.org/https://doi.org/10.29040/jiei.v8i2.5857
Virgana, R. A. E., Athoillah, M. A., & Wulan, E. R. (2019). Information analysis, data correlation: CAR, FDR, NPF, OER against ROA of eleven (11) Islamic banks in Indonesia for 2013-2018. International Journal of Innovation, Creativity and Change, 6(7), 232–256.
Wahyudi, T., & Pohan, E. S. (2024). Determinants of Profitability in Indonesian Islamic Banks: A Study on Financing to Deposit Ratio. Perbanas Journal of Islamic Economics and Business, 4(2), 177–186. https://doi.org/https://doi.org/10.56174/pjieb.v4i2.254
Yamin, B. (2022). The Effect of Return on Asset (ROA), Operational Efficiency Ratio (BOPO), Inflation, Credit Interest Rate and Gross Domestic Product (GDP) towards Murabahah Financing in Sharia Banking in Indonesia (2016-2019). Asian Journal of Economics, Business and Accounting, 22(19), 94–103. https://doi.org/https://doi.org/10.9734/ajeba/2022/v22i1930661
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2026 Adi Prawira, Nasfi Nasfi
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Authors who publish with this journal agree to the following terms:
- Authors retain copyright and grant the journal the right of first publication with the work simultaneously licensed under?áa Creative Commons Attribution-NonCommercial 4.0 International License?áthat allows others to share the work with an acknowledgment of the work's authorship and initial publication in this journal.
- Authors are able to enter into separate, additional contractual arrangements for the non-exclusive distribution of the journal's published version of the work (e.g., post it to an institutional repository or publish it in a book), with an acknowledgment of its initial publication in this journal.
- Authors are permitted and encouraged to post their work online (e.g., in institutional repositories or on their website) prior to and during the submission process, as it can lead to productive exchanges, as well as earlier and greater citation of published work.
