Sharia supervisory board, &lt;i&gt;maqasid syariah, &lt;/i&gt;and accounting-based performance: evidence from Indonesia

Mukhibad, Hasan; Setiawan, Doddy; Rahmawati, Rahmawati; Rochmatullah, Mahameru Rosy; Warsina, N.A.

doi:10.1504/ijmef.2022.126902

Cited by 4 publications

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“…This study used Sharia Enterprise theory which is rarely used in previous studies. Stakeholders theory (Mukhibad, Setiawan, et al, 2022;Mukhibad & Fitri, 2020), agency theory (Nomran et al, 2018;Nugraheni & Khasanah, 2019), stewardship theory (Nomran et al, 2018), resource dependence theory (Nomran et al, 2018) and legitimacy theory (Muhammad, Annuar, et al, 2021;Wijayanti & Setiawan, 2022) have been used by previous studies to determine the relationship between SSB characteristics and ISR This finding implies that this research can be used by bank management as a material of consideration for banks to carry out appropriate social responsibility with Islamic provisions. it is hoped that the results of this research also can be used as material of consideration for investors or potential investors in making investment decisions by looking at ISR disclosures.…”

Section: Discussionmentioning

confidence: 93%

“…This study used Sharia Enterprise Theory (SET) which is rarely used in previous studies. Stakeholders theory (Mukhibad, Setiawan, et al, 2022;Mukhibad & Fitri, 2020), agency theory (Nomran et al, 2018;Nugraheni & Khasanah, 2019), stewardship theory (Nomran et al, 2018), resource dependence theory (Nomran et al, 2018) and legitimacy theory (Muhammad, Annuar, et al, 2021;Wijayanti & Setiawan, 2022) have been used by previous studies to define the relationship between SSB characteristics and ISR…”

Section: Effect Of Ssb Characteristics On Ssb Size Ssb Age Cross-memb...mentioning

confidence: 99%

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Does Shariah Supervisory Board Matter in Explaining Islamic Social Reporting by Indonesian Islamic Commercial Banks?

Najah,

Dita Andraeny

2023

JESTT

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This study aimed to investigate the impact of Sharia Supervisory Board (SSB) on Islamic Social Responsibility (ISR) by Islamic Commercial Banks in Indonesia. Secondary data were collected from the annual reports of 14 Islamic Commercial Banks in Indonesia from 2010 to 2020, resulting in 125 firm-year data. A panel data regression was applied to analyze the data. The analysis results show that SSB age, cross-membership, and meeting frequency have a positive effect on ISR, whereas size has a negative effect. However, this analysis results did not manage to support the effect of SSB qualifications (Ph.D.) and expertise on ISR. The findings imply that SSB needs to increase the frequency of meetings to improve its supervisory function over Shariah banks' management, including in encouraging more comprehensive ISR disclosure. The contribution of this research is that research focuses on the characteristics of SSB on ISR by using Sharia Enterprise Theory (SET) to provide a better understanding of how these factors influence the implementation of ISR in the sharia context. Keywords: Sharia Supervisory Board Characteristics, Social Reporting, Islamic Bank, Indonesia ABSTRAK Tujuan dari penelitian ini adalah untuk menyelidiki dampak SSB terhadap Islamic Social Reporting (ISR) oleh Bank Umum Syariah di Indonesia. Data sekunder dikumpulkan dari laporan tahunan 14 Bank Umum Syariah di Indonesia sejak 2010 hingga 2020, menghasilkan 125 data firm-year. Regresi data panel diterapkan untuk menganalisis data. Hasil analisis menunjukkan bahwa usia SSB, lintas keanggotaan, dan frekuensi pertemuan berpengaruh positif pada ISR, sedangkan ukuran berpengaruh negatif. Namun hasil analisis ini tidak mendukung pengaruh kualifikasi (Ph.D.) dan keahlian SSB terhadap ISR. Temuan ini menyiratkan bahwa DPS perlu meningkatkan frekuensi pertemuan dalam rangka meningkatkan fungsi pengawasan terhadap manajemen bank syariah, termasuk dalam mmendorong pengungkapan ISR yang lebih komprehensif. kontribusi dalam penelitian ini yaitu Penelitian memfokuskan pada karakteristik SSB terhadap ISR dengan menggunakan Syariah Enterprise Theory (SET) untuk memberikan pemahaman yang lebih baik tentang bagaimana faktor-faktor tersebut mempengaruhi pelaksanaan ISR dalam konteks syariah. Kata Kunci: Karakteristik Dewan Pengawas Syariah, Pelaporan Sosial, Bank Syariah, Indonesia. REFERENCES Abdullah, W. A. W., Percy, M., & Stewart, J. (2013). Shari’ah disclosures in Malaysian and Indonesian Islamic banks The Shari’ah governance system. Journal of Islamic Accounting and Business Research, 4(2), 100–131. doi:10.1108/JIABR-10-2012-0063 Adiertanto, C. P., & Chariri, A. (2013). 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Section: Discussionmentioning

confidence: 93%

Section: Effect Of Ssb Characteristics On Ssb Size Ssb Age Cross-memb...mentioning

confidence: 99%

Does Shariah Supervisory Board Matter in Explaining Islamic Social Reporting by Indonesian Islamic Commercial Banks?

Najah,

Dita Andraeny

2023

JESTT

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“…Currently, there are a very small number of studies investigating the determinants of social performance in IBs. Mergaliyev et al (2021), Iryani et al (2019), Mukhibad (2019), Sencal and Asutay (2020), as well as Rahman and Haron (2019), confirmed that the characteristics or quality of an internal Shariah governance system has a significant effect on the social performance of IBs. The only study investigating external determinants of IBs' social performance was produced by Mergaliyev et al (2021).…”

Section: Introductionmentioning

confidence: 89%

Assessing the impact of external determinants on the social performance of Islamic banks

Meskovic,

Avdukic,

Kozarevic

2023

IMEFM

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Purpose Explaining the sources of the differences in social performance among Islamic banks (IBs) is the motivation for this research. Consequently, the purpose of this paper is to investigate the relationship between the development of Islamic finance regulation, the development of an Islamic financial system, the proportions of affected Muslim populations and the level of competition, on the one hand, and the social performance of IBs, on the other. To the best of the authors' knowledge, this is the first study that investigates the impact of the development of regulation and the Islamic financial system on the social performance of IBs. Design/methodology/approach A balanced panel of annual data for 40 banks from 13 countries is applied, spanning 2012–2018. A social performance index with eight dimensions is constructed and measures the social performance of IBs. The index based on qualitative and quantitative data derives from IBs’ annual reports and financial statements. The linear scaling transformation method articulates the quantitative dimensions of the index. In hypotheses testing, the authors use OLS, LSDV, FEM and Random Effect Model to estimate Model (1) and panel-corrected standard errors with Prais–Winsten transformation to estimate Model (2). Findings This unique research confirms the positive impact of the development of Islamic finance regulation on the social performance of IBs. The results show that the development of Islamic finance regulation is consistently significant on all standard significance levels. IBs’ age and the presence of Muslim populations in the country are also significant in most estimators. Research limitations/implications The results of this research highlight a significant value for regulators, shareholders and the management of IBs. Without proper regulation, these banks can hardly operate under the principles and expectations of the Islamic moral economy. Originality/value This is pioneering research that explores the development of Islamic finance regulation and market concentration as a determinant of social performance of IBs. Development of Islamic finance regulation has proved significant in all estimated models, which confirms that a new variable has been discovered among determinants of the social performance of IBs.

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“…Dari ketiga indikator yang kita digunakan dalam mengukur maqasid syariah, indikator keadilan memiliki pengaruh yang signifikan pengaruh positif terhadap kinerja berbasis akuntansi. Hasil ini disediakan bukti bahwa pemenuhan maqashid syariah yang tinggi melalui kebijakan yang adil akan meningkatkan kinerja berbasis akuntansi bank (Mukhibad et al 2022).…”

Section: Temuan Dan Pembahasanunclassified

“…"Impact of Maqasid al-Shariah Based Social Performance on the Financial Performance of Islamic Banks: Evidence from Pakistan. Menyatakan bahwah adanya pengaruh positif yang signifikan dari kinerja sosial berbasis Maqasid al-Shariah terhadap kinerja keuangan, sehingga dapat disimpulkan bahwa kinerja sosial berbasis Maqasid al-Shariah yang lebih baik akan menghasilkan kinerja keuangan yang lebih baik, sebagaimana dikuatkan oleh temuan Hasan Mukhibad dkk, "Sharia supervisory board, maqasid syariah, and accounting-based performance: evidence from Indonesia (Mukhibad et al 2022), Indeks maqasid syariah terbukti positif dan signifikan pengaruh terhadap Kinerja Berbasis Akuntansi.…”

Section: Kesimpulan Dan Rekomendasiunclassified

Literature Review Riset peran Maqasyid Syariah di Perbankan Syariah Indonesia

Syarif,

Wahyu,

Syukawati

et al. 2024

EKOBIS

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Penelitian ini bertujuan untuk melakukan tinjauan pustaka terhadap hasil penelitian tentang realisasi indeks maqashid syariah (MSI) pada perbankan syariah. Penelitian ini menggunakan pendekatan kualitatif dengan menerapkan metode deskriptif-analitis. Hasil penelitian ini menunjukkan bahwa beberapa hasil penelitian menekankan pentingnya realisasi indeks maqashid syariah (MSI) pada perbankan syariah. Dari Diskusi menjelaskan bahwa adanya pengaruh positif yang signifikan dari kinerja sosial berbasis Maqasid al-Shariah terhadap kinerja keuangan, Indeks maqasid syariah terbukti berpengaruh positif dan signifikan terhadap Kinerja Berbasis Akuntansi. Penelitian ini menyimpulkan penting sekali lembaga keuangan terkhusunya bank syariah menggunakan penilaian dengan indikator muqasyid syariah atau indikator penilaian yang dilahirkan dari bidang ilmu ekonomi islam

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Sharia supervisory board, <i>maqasid syariah, </i>and accounting-based performance: evidence from Indonesia

Cited by 4 publications

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Does Shariah Supervisory Board Matter in Explaining Islamic Social Reporting by Indonesian Islamic Commercial Banks?

Does Shariah Supervisory Board Matter in Explaining Islamic Social Reporting by Indonesian Islamic Commercial Banks?

Assessing the impact of external determinants on the social performance of Islamic banks

Literature Review Riset peran Maqasyid Syariah di Perbankan Syariah Indonesia

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