PENGARUH SHARIA COMPLIANCE TERHADAP KINERJA KEUANGAN DENGAN MEDIASI KINERJA MAQASHID SYARIAH PADA PERBANKAN SYARIAH
Keywords:
Sharia Compliance, Financial Performance, Maqashid Sharia Performance.
Abstract
This study aimed to prove that the mediation of the performance of sharia maqashid affects sharia compliance with financial performance. The method used was a regression analysis based on Structural Equation Modeling with panel data available in the annual reports published by Islamic commercial banks in Indonesia for the period 2014-2019. The results of the study proved that sharia compliance has a direct and significant negative influence on financial performance. However, sharia compliance does not have a significant effect on maqashid sharia performance. Furthermore, maqashid sharia performance has a negative and significant effect on financial performance, but does not mediate the influence of sharia compliance on financial performance at Islamic commercial banks in Indonesia. This research recommends that policymakers confirm regulations regarding the implementation and disclosure of sharia compliance and maqashid sharia performance indicators in the annual reports of Islamic Conventional Banks (ICBs). In addition, it is necessary to design an integrated Islamic banking performance measurement model that includes conventional financial performance indicators with maqashid sharia performance indicators. In practical implementation, ICBs should increase the implementation of sharia compliance and maqashid sharia performance indicators.
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References
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Mohammed, M. O, KM Tarique, and Rafikul Islam. “Measuring the Performance of Islamic Banks Using Maqāsid Based Model.” Intellectual Discourse 23, no. 1 (2015): 401–24.
Mohammed, Mustafa Omar, Dzuljastri Abdul Razak, and Fauziah Md Taib. “The Performance Measures of Islamic Banking Based on the Maqasid Al-Shari’Ah Framework.” IIUM International Accounting Conference (INTAC IV) , Putra Jaya Marroitt, 2008, 1–17.
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Murtiyani, Siti, and AS Haq. “Pengaruh Pengungkapan Corporate Social Responsibility (CSR), Good Corporate Governance (GCG), Dan Shariah Compliance Terhadap Kinerja Keuangan Perbankan Syariah.” AT-TAUZI’ : Jurnal Ekonomi Islam 7, no. 2 (2012): 1–16.
Murwaningsari, Etty. “Hubungan Corporate Governance, Corporate Social Responsibilities dan Corporate Financial Performance Dalam Satu Continuum.” Jurnal Akuntansi dan Keuangan 11, no. 1 (2009): 30–41.
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Nurjannah, Dita Fitri, Sigid Eko Pramono, and Mahbubi Ali. “Pengaruh Sharia Compliance Terhadap Kinerja Perbankan Syariah Di Indonesia.” Akuntabilitas: Jurnal Ilmu Akuntansi 13, no. 2 (2020): 165–74. https://doi.org/10.15408/akt.v13i2.14272.
Rini, Nova. “Implementasi Islamic Corporate Governance (ICG) Pada Perbankan Syariah Di Indonesia.” The International Journal of Applied Business 2, no. 1 (2018): 29–38.
Rivai, Veithzal. Bank and Financial Institution Managemen. Jakarta: PT Rajagrafindo Persada, 2007.
Siddiqi, M.N. In Islamic Banks: Concept Precept and Prospects, 21–36. Review of Islamic Academics, 2000.
Soleh, Irfan. “The Impact Of Maqashid Syariah And Core Competency On Performance Of Islamic Bank.” International Journal of Economic, Commerce and Management, United Kingdom 4, no. 10 (2016): 872–80.
Vinnicombe, Thea. “AAOIFI Reporting Standards: Measuring Compliance.” Advances in Accounting, Incorporating Advances in International Accounting 26 (2010): 55–65. https://doi.org/10.1016/j.adiac.2010.02.009.
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Zakiah, Sitti. “Peran Kepatuhan Syariah Dalam Memediasi Good Corporate Governance (GCG) Terhadap Kinerja Keuangan Pada Bank Umum Syariah.” Prosiding Seminar Nasional Seri 7 “Menuju Masyarakat Madani Dan Lestari” Diseminasi Hasil-Hasil Penelitian, 2017, 476–86.
Antonio, M.S, Y.D Sanrego, and M Taufiq. “An Analysis of Islamic Banking Performance: Maqashid Index Implementation in Indonesia and Jordania.” Journal of Islamic Finance 1, no. 1 (2012): 1–18.
Arafah, Willy, and Lucky Nugroho. “Maqhashid Sharia in Clean Water Financing Business Model at Islamic Bank.” International Journal of Business and Management Invention 5, no. 2 (2016): 22–32.
Asrori. “Implementasi Islamic Corporate Governance Dan Implikasinya Terhadap Kinerja Bank Syariah.” Jurnal Dinamika Akuntansi 6, no. 1 (2014): 90–101.
Awotundun, D., J. Kehinde, and R. Somoye. “Corporate Governance and Stakeholders Interest: A Case of Nigerian Banks.” International Journal of Business and Management 6, no. 10 (2011): 102–12. https://doi.org/10.5539/ijbm.v6n10p102.
Buallay, Amina. “Corporate Governance, Sharia’ah Governance and Performance A Cross-Country Comparison in MENA Region.” International Journal of Islamic and Middle Eastern Finance and Management 12, no. 2 (2019): 216–35. https://doi.org/10.1108/IMEFM-07-2017-0172.
Fahmi, Irham. Etika Bisnis: Teori, Kasus, Dan Solusi. Bandung: CV Alfabeta, 2017.
Firmansyah, Irman, and Abrista Devi. “The Implementation of Good Corporate Governance to Develop Islamic Micro Insurance in Indonesia.” IQTISHADIA: Jurnal Kajian Ekonomi Dan Bisnis Islam 12, no. 2 (2019): 189–210. https://doi.org/10.21043/iqtishadia.v12i2.5508.
Hameed, Mohamed Ibrahim, A.H Fatima, and SNN Htay. “Corporate Governance and Performance: A Comparative Study of Shari’ah Approved and Nonshari’ah Approved Companies on Bursa Malaysia.” Jurnal Of Financial Reporting And Acoounting 4, no. 1 (2006). https://doi.org/10.1108/19852510680001581.
Handoko, Yunus. “Implementasi Social and Environmental Disclosure Dalam Perspektif Teoritis.” Jurnal JIBEKA 8, no. 2 (2014): 74.
Hazman, Samsudin, Nawawi Mohd Nasir, Abd Halim Zairihan, and Md Said Ahmad Syahmi. “Financial Performance Evaluation of Islamic Banking System: A Comparative Study among Malaysia’s Banks.” Jurnal Ekonomi Malaysia 52, no. 2 (2018): 137–47. http://dx.doi.org/10.17576/JEM-2018-5202-11.
Hisamuddin, Nur, and M. Mayang Tirta K. “Pengaruh Good Corporate Governance Terhadap Kinerja Keuangan Bank Umum Syariah.” Jurnal Akuntansi Universitas Jember 2, no. 10 (2011): 109–37.
Igam, Asri Dwija Putri. “Peranan Good Corporate Governance Dan Budaya Terhadap Kinerja Organisasi.” Jurnal Akuntansi & Bisnis 7, no. 2 (2012): 193–204.
Ilhami, Haniah. “Pertanggungjawaban Dewan Pengurus Syariah Sebagai Otoritas Pengawas Kepatuhan Syariah Bagi Bank Syariah.” Mimbar Hukum 21, no. 3 (2009).
Jensen, Michael, and William Meckling. “Theory Of The Firm: Managerial Behavior, Agency Costs And Ownership Structure.” Journal of Financial Economics 3, no. 4 (1976): 305–60.
Jumingan, Jumingan. Analisis Laporan Keuangan. Jakarta: PT Bumi Aksara, 2009.
Karim, Adiwarman. Bank Islam: Analisis Fiqih Dan Keuangan. Ketiga. Jakarta: PT. Raja Grafindo Persada, 2007.
Kholid, Muamar Nur, and Arief Bachtiar. “Good corporate governance dan kinerja maqasid syariah bank syariah di Indonesia.” Jurnal Akuntansi & Auditing Indonesia 19, no. 2 (2015): 126–36. http://dx.doi.org/10.20885/jaai.vol19.iss2.art4.
Komite Nasional Kebijakan Governance. Prinsip Dasar Dan Pedoman Pelaksanaan Good Corporate Governance Perbankan Indonesia. Jakarta: KNKG, 2012.
Liech, W. M. “The Relationship between Corporate Governance Practices and Financial Performance of Local Airlines in Kenya.” Kenya: School Of Business, University Of Nairobi, 2011.
Ludiman, Imbuh, and Kurniawati Mutmainah. “Analisis Determinan Market Share Perbankan Syariah Di Indonesia.” Journal of Economic, Management, Accounting and Technology 3, no. 2 (2020): 169–81. https://doi.org/10.32500/jematech.v3i2.1336.
Majid, Mariani Abdul, David S Saal, and Giuliana Battisti. “Efficiency In Islamic And Conventional Banking: An International Comparison.” Journal of Productivity Analysis 34, no. 1 (2010): 25–43. https://doi.org/DOI: 10.1007/s11123-009-0165-3.
Mardian, Sepky. “Tingkat Kepatuhan Syariah Di Lembaga Keuangan Syariah.” Jurnal Akuntansi Dan Keuangan Islam 3, no. 1 (2015): 57–68.
Mardliyyah, Zharifah, Sigid Eko Pramono, and Mukhammad Yasid. “Pengaruh Islamic Social Reporting Terhadap Kinerja Bank (Studi pada Perbankan Syariah di Indonesia).” Jurnal Ilmiah MEA 4, no. 1 (2020): 43–50.
Meilani, Sayekti Endah Retno, Dita Andraeny, and Anim Rahmayati. “Analisis Kinerja Perbankan Syariah Di Indonesia Dengan Menggunakan Pendekatan Islamicity Indices.” Accounting FEB UMS, 2015, 2–38.
Mohammed, M. O, and F. M Taib. “Developing Islamic Banking Performance Measures Based on Maqashid Al-Shariah Frame Work: Cases of 24 Selected Banks.” Journal of Islamic Monetary Economic and Finance 1, no. 1 (2015): 55–77. https://doi.org/10.21098/jimf.v1i1.483.
Mohammed, M. O, KM Tarique, and Rafikul Islam. “Measuring the Performance of Islamic Banks Using Maqāsid Based Model.” Intellectual Discourse 23, no. 1 (2015): 401–24.
Mohammed, Mustafa Omar, Dzuljastri Abdul Razak, and Fauziah Md Taib. “The Performance Measures of Islamic Banking Based on the Maqasid Al-Shari’Ah Framework.” IIUM International Accounting Conference (INTAC IV) , Putra Jaya Marroitt, 2008, 1–17.
Monks, Robert A. G., and Nell Minow. Corporate Governance. 5th ed. United Kingdom: John Wiley & Sons, 2011.
Murtiyani, Siti, and AS Haq. “Pengaruh Pengungkapan Corporate Social Responsibility (CSR), Good Corporate Governance (GCG), Dan Shariah Compliance Terhadap Kinerja Keuangan Perbankan Syariah.” AT-TAUZI’ : Jurnal Ekonomi Islam 7, no. 2 (2012): 1–16.
Murwaningsari, Etty. “Hubungan Corporate Governance, Corporate Social Responsibilities dan Corporate Financial Performance Dalam Satu Continuum.” Jurnal Akuntansi dan Keuangan 11, no. 1 (2009): 30–41.
Nurhisam, Luqman. “Kepatuhan Syariah (Sharia Compliance) dalam Industri Keuangan Syariah.” Jurnal Hukum IUS QUIA IUSTUM 23, no. 1 (2016): 77–96. https://doi.org/10.20885/iustum.vol23.iss1.art5.
Nurjannah, Dita Fitri, Sigid Eko Pramono, and Mahbubi Ali. “Pengaruh Sharia Compliance Terhadap Kinerja Perbankan Syariah Di Indonesia.” Akuntabilitas: Jurnal Ilmu Akuntansi 13, no. 2 (2020): 165–74. https://doi.org/10.15408/akt.v13i2.14272.
Rini, Nova. “Implementasi Islamic Corporate Governance (ICG) Pada Perbankan Syariah Di Indonesia.” The International Journal of Applied Business 2, no. 1 (2018): 29–38.
Rivai, Veithzal. Bank and Financial Institution Managemen. Jakarta: PT Rajagrafindo Persada, 2007.
Siddiqi, M.N. In Islamic Banks: Concept Precept and Prospects, 21–36. Review of Islamic Academics, 2000.
Soleh, Irfan. “The Impact Of Maqashid Syariah And Core Competency On Performance Of Islamic Bank.” International Journal of Economic, Commerce and Management, United Kingdom 4, no. 10 (2016): 872–80.
Vinnicombe, Thea. “AAOIFI Reporting Standards: Measuring Compliance.” Advances in Accounting, Incorporating Advances in International Accounting 26 (2010): 55–65. https://doi.org/10.1016/j.adiac.2010.02.009.
Zahrah, M.A. Usul Al-Fiqh / Muhammad Abu Zahrah. Qahirah Cairo: Dar al-Fikr al-’Arabi, 1997.
Zakiah, Sitti. “Peran Kepatuhan Syariah Dalam Memediasi Good Corporate Governance (GCG) Terhadap Kinerja Keuangan Pada Bank Umum Syariah.” Prosiding Seminar Nasional Seri 7 “Menuju Masyarakat Madani Dan Lestari” Diseminasi Hasil-Hasil Penelitian, 2017, 476–86.
Published
2022-04-30
How to Cite
Desta, S., Subagiyo, R., & Usdeldi, U. (2022). PENGARUH SHARIA COMPLIANCE TERHADAP KINERJA KEUANGAN DENGAN MEDIASI KINERJA MAQASHID SYARIAH PADA PERBANKAN SYARIAH. An-Nisbah: Jurnal Ekonomi Syariah, 9(1), 76 - 108. https://doi.org/10.21274/an.v9i1.5485
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