Analysis of the Implications of Withdrawing Muhammadiyah Funds on the Decline of BSI Shares: A Literature Review

Abstract

This research aims to analyze the impact of the withdrawal of funds amounting to Rp13 trillion by the Muhammadiyah organization on the stock performance of Bank Syariah Indonesia (BSI). Using a literature review approach, this study explores literature related to stock movements, bank financial stability, and market reactions to significant policy changes. Initial findings suggest that large-scale fund withdrawals can trigger negative sentiment among investors, leading to stock price volatility. Additionally, the literature indicates that banks experiencing significant fund withdrawals need to maintain liquidity stability and investor confidence. This study aims to provide valuable insights for stakeholders in understanding the impact of major organizational policies on stock markets and the financial stability of Islamic banks. The findings of this review are also expected to assist policymakers in designing mitigation strategies to reduce the negative impact of large fund withdrawals on the stock market, thereby strengthening the resilience of the Islamic banking system in Indonesia.