The Influence of Investment Returns and Tabarru Fund Contributions on The Asset Growth of Registered Sharia Life Insurance Companies in Ojk in The Period 2019-2022

https://doi.org/10.58451/ijebss.v2i5.163

Authors

  • Niluh Anik Sapitri Sharia Economics Study Program, Institut Parahikma Indonesia Gowa, South Sulawesi, Indonesia
  • Hartas Hasbi Sharia Economics Study Program, Institut Agama Islam Negeri Bone, South Sulawesi, Indonesia
  • Nurhikma Nurhikma Islamic Education Management Study Program, Institut Parahikma Indonesia Gowa, South Sulawesi, Indonesia
  • Lala Febrianti Zalsabila Sari Sharia Economics Study Program, Institut Parahikma Indonesia Gowa, South Sulawesi, Indonesia

Keywords:

Investment Return, Tabarru, Life Insurance

Abstract

This study investigates the impact of investment returns and tabarru fund contributions on the growth of Islamic life insurance assets from 2019 to 2022, as registered with the Financial Services Authority (OJK). Conducted between May 31 and June 30, 2023, it adopts a descriptive quantitative approach. Data sourced from financial statements of Islamic life insurance firms registered with the OJK during the specified period. Using a saturated sample of monthly financial reports, totaling 48, data collection involved observation and documentation. Analysis employed multiple linear regression via IBM SPSS 20.Results indicate that investment returns positively and significantly influence Islamic life insurance asset growth. However, tabarru fund contributions, while positive, show insignificance. Simultaneously, both factors collectively exhibit a positive and significant impact. It's concluded that investment returns wield a more substantial influence on asset growth compared to tabarru fund contributions. Thus, Islamic life insurance companies should prioritize producing robust financial reports and optimizing tabarru fund management for sustained operation.Implications suggest that by enhancing investment returns, issuing stable financial reports, and optimizing tabarru fund management, these companies can attract customers, investors, and bolster assets. This underscores the importance of strategic financial management in ensuring the viability and growth of Islamic life insurance firms.

Published

2024-04-06

Issue

Vol. 2 No. 5 (2024): International Journal of Engineering Business and Social Science

Section

Articles
Copyright & Licensing

Copyright (c) 2024 Niluh Anik Sapitri, Hartas Hasbi, Nurhikma Nurhikma, Lala Febrianti Zalsabila Sari

Creative Commons License

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 right of first publication with the work simultaneously licensed under a Creative Commons Attribution-ShareAlike 4.0 International. that 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.