Influence Cross Membership and Qualifications of The Shari’ah Supervisory Board’s Towards The Shari’ah Compliance related SSB Information

Abstract

<jats:p>The purpose of this paper to analyze the influence of Shari’ah Supervisory Board Cross Memberships and Shari’ah Supervisory Board Qualification toward Shari’ah compliance related SSB information. In addition, this paper also explains the variable firm size as a control variable. The use of control variables so that the influence of SSB on compliance does not depend on other variables. This study reviews the Shari’ah compliance related SSB information as stated in the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) standard, primarily compliance level with AAOIFI standards No 1 and No 5 related to Shari’ah Supervisory Board (SSB). This paper finds that’s the coefficient estimates variable of SSB Cross membership is positive significant at the 10% level. The coefficient estimates on SSB Qualification is negative significant at the 5% level. Furthermore, we also find that the bank size as a control variable has a significant positive effect at 1% level.</jats:p>

Conceptual Analysis of Shariah Advisory board in the Corporate Governance of Islamic Financial Institutions in Minority Muslim Country: The case of Uganda

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Maqashid Sharia Performance In Indonesian Islamic Banks: The Role Of Intellectual Capital And Sharia Supervisory Boards Cross-Membership And Gender Diversity

“…It is possible to maximize the effectiveness of maqashid sharia in Islamic banking by having more talks about how Islamic law is used in carrying out its operational tasks. The results of research conducted by Agustina and Maria (2017), Nomran (2017), andFakhruddin et al (2020) Since the failure of some of the world's largest corporations, such as Enron, WorldCom, Tyco, and Parmalat due to the poor implementation of corporate governance, governments, companies, academics, and various other parties, as well as the public, have begun to realize the issue of gender diversity within the board structure (Randøy et al, 2006). The creation of GCG can be influenced by the presence of women's boards because women's boards are considered to be able to increase the monitoring and independence of the board (Maghfiroh and Utomo, 2019).…”

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