Sharia Audit and Shariah Compliance of Islamic Financial Institutions: A Bibliometric Analysis

Abstract

ABSTRAK Penelitian ini bertujuan untuk memetakan penelitian-penelitian sebelumnya tentang audit syariah dan perannya dalam meningkatkan kepatuhan syariah di lembaga keuangan syariah (LKS). Penelitian ini juga menguraikan tantangan yang dihadapi oleh LKS dan solusi dalam mengimplementasikan audit syariah. Sebanyak 308 publikasi diperoleh dari database Google scholar, Emerald Insight, Research Gate, Crossref, Microsoft Academic and Pubmed yang diakses dengan perangkat lunak Publish or Perish (PoP) dalam kurun waktu 2008-2021. Studi ini menerapkan analisis bibliometrik menggunakan VOSviewer, yang mengubah metadata publikasi menjadi visualisasi sesuai dengan co-occurrence. Hasil penelitian ini menemukan bahwa audit syariah telah diterapkan di beberapa negara yang didominasi oleh Malaysia. Sebagian besar praktik audit syariah merupakan bagian dari fungsi audit internal. Audit syariah diidentifikasi sebagai mekanisme untuk memastikan kepatuhan syariah. Tantangan utama dalam pelaksanaan audit syariah antara lain: kurangnya kerangka dan standar audit syariah yang menyebabkan perselisihan di antara praktisi LKS, kurangnya auditor syariah yang berkualitas yang memiliki pengetahuan syariah yang memadai dan terlatih dengan baik, audit syariah dianggap menciptakan masalah inefisiensi. Peran komite tata kelola syariah dan dewan pengawas syariah direkomendasikan agar lebih optimal untuk memastikan efektivitas audit syariah. Penelitian ini memberikan pembahasan komprehensif tentang audit syariah, perannya dalam meningkatkan kepatuhan syariah, tantangan dan solusi yang ditawarkan belajar dari berbagai negara. Kata Kunci: Audit syariah, kepatuhan syariah, lembaga keuangan syariah, bibliometrik. ABSTRACT This study aimed to map out previous studies on sharia auditing and its role in improving sharia compliance in Islamic financial institutions (IFIs). It also outlined the challenges faced by IFIs and solutions in implementing shariah audit. A total of 308 publications were obtained from the Google scholar database, Emerald Insight, Research Gate, Crossref, Microsoft Academic and Pubmed which were accessed using the Publish or Perish (PoP) software in the 2008-2021 period. This study finds that sharia audits have been implemented in several countries, dominated by Malaysia. Most shariah audit practices are part from internal audit function of IFIs. Sharia audit is identified as a mechanism to assure shariah compliance. The main challenges in implementing sharia audit include: a lack of framework and standard of shariah audit that led to dispute among IFIs practitioners, a lack of qualified shariah auditors who have an adequate shariah knowledge and well trained , shariah audit identifed creating an efficiency issue. The role of the shariah governance committee and the shariah supervisory board may be optimized to ensure the effectiveness of shariah audit. 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Global Trends in Sharia Audit Practice: An In-depth Bibliometric Exploration

“…The most cited paper out of the 59 that have been published on the topic of Sharia Audit Practice in the past 12 years is the one entitled 'Shariah Auditing: Analyzing the past to prepare for the future.' However, the paper that is most relevant to the theme of Sharia Audit Practice is 'Sharia Audit and Sharia Compliance of Islamic Financial Institutions: A Bibliometric Analysis' which is a comprehensive review by (Tuzzahroh & Laela, 2022). In this paper, a comprehensive review of sharia audits is presented, covering their role in improving sharia compliance and providing solutions to the challenges faced, drawing on lessons learned from the experiences of various countries.…”

“…Historically, bibliometrics has primarily been applied to gauge periodic publications like academic journals (Noeraida, 2020). Notably, Tuzzahroh & Laela, (2022) has conducted numerous studies employing bibliometric analysis in the context of Sharia Audit. The findings reveal prevalent terms and influential authors shaping the landscape of literature on Sharia Audit Practice.…”

“…Several papers that also appear in searches based on "title and abstract" that are relevant to the Sharia Audit Practice theme on Dimension.ai are "Issue and Challenges of Sharia Auditing in Islamic Financial Institutions and Corporate Governance Compliance" by Arwani, (2018), "Sharia Audit Practice in Sharia Financial Institutions in Indonesia" by Mardiyah & Mardian, (2015), "Shariah Auditing and Shariah Compliance Assurance in Mayalsian Islamic Banks" by Tuzzahroh & Laela, (2022), "The Shariah Audit framework from practical perspective: A Mirage or fact?" by Puad et al, (2020), "Prospects of a Shariah Audit Framework for Islamic Financial Institutions in Malaysia" by Yussof, (2013), and "Sharia Audit and Sharia Compliance of Islamic Financial Institutions: A Bibliometric Analysis" by Tuzzahroh & Laela, (2022).…”