eprintid: 78333
rev_number: 9
eprint_status: archive
userid: 12253
dir: disk0/00/07/83/33
datestamp: 2026-09-17 07:45:15
lastmod: 2026-09-17 07:45:15
status_changed: 2026-09-17 07:45:15
type: article
metadata_visibility: show
creators_name: Darmawan, -
creators_name: Sugito, -
title: Determinants and Outcomes of Equity-Based Financing in Islamic Banking A Multi-Level Meta-Analytic Structural Equation Model
ispublished: pub
subjects: 332.1
divisions: artkl
full_text_status: public
keywords: Islamic banking, equity-based financing, Mudarabah, Musharakah, meta-analysis
abstract: This paper is a consolidation of studies on equity-based financing (EBF) in Islamic banking 
with a focus on analyzing some underlying reasons why EBF is still rarely implemented 
despite its good theoretical support. The analysis is done using Meta-Analytic Structural 
Equation Modelling (MASEM) on 29 empirical studies. The results show that trust and strong 
Shariah governance are the significant factors for the adoption of EBF, while risk perceptions 
and high monitoring costs are the barriers for its adoption. Your practical significance seems to 
be revealed in two more finding that EBF has positive impact on customer satisfaction and 
bank performance. Concerns about trust arise in how these financing methods apply in various 
settings, depending on factors like religiosity and the strength or type of regulatory frameworks. 
Governance and regulatory frameworks could be the key to making theoretical promises a 
reality in Islamic Finance (IF), findings from a wide-ranging study by the Institute for 
International Finance suggest.
date: 2026
date_type: published
publication: Business and Management Horizons
volume: 14
number: 1
publisher: Macrothink Institute.
pagerange: 39-54
refereed: TRUE
issn: ISSN 2326-0297
citation:   Darmawan, - and Sugito, -  (2026) Determinants and Outcomes of Equity-Based Financing in Islamic Banking A Multi-Level Meta-Analytic Structural Equation Model.  Business and Management Horizons, 14 (1).  pp. 39-54.  ISSN ISSN 2326-0297     
document_url: https://digilib.uin-suka.ac.id/id/eprint/78333/1/Determinants%20and%20Outcomes%20of%20Equity-Based%20Financing%20in%20Islamic%20Banking%20A%20Multi-Level%20Meta-Analytic%20Structural%20Equation%20Model.pdf
document_url: https://digilib.uin-suka.ac.id/id/eprint/78333/2/surat-surat-pernyataan1789630523.pdf