Determinants Maqashid Syariah Performance: Analysis of The Role of Islamic Social Reporting, Company Size, and Company Age of Islamic Banking in Indonesia and Malaysia

Rizfa Nurul Hanif, Muhammad Muflih

Abstract


The measurement of Islamic banking financial performance has only been measured according to business parameters to date. This study renews this view so that the view on Islamic banking is more comprehensive and fair. Good performance can provide opportunities for Islamic banks to continue to grow and be sustainable. The purpose of this study is to evaluate the role of Islamic Social Reporting (ISR), company size, and company age in influencing the performance of maqashid sharia Islamic banking in Indonesia and Malaysia for the period 2016-2021. With the quantitative method of panel data regression, simultaneously ISR, company size, and company age have a significant effect on the performance of maqashid sharia. Partially, the only company size has a significant effect, while ISR and company age do not. This study motivates Islamic banks to be consistent in developing ISR, company size, and company age in every aspect of bank operations.


Keywords


Islamic Social Reporting; Company Size; Maqashid Sharia Index; Islamic Banks

Full Text:

PDF

References


Aisyah, S., Hariadi, B., & Mardiati, E. (2021). The effect of Islamic intellectual capital, corporate governance, and corporate social responsibility disclosure on maqashid sharia performance, with reputation as a moderating variable. International Journal of Research in Business and Social Science (2147- 4478), 10(4), 75–84. https://doi.org/10.20525/ijrbs.v10i4.1233

Antonio, M. S., Sanrego, Y. D., & Taufiq, M. (2012). IIUM Institute of Islamic Banking and Finance ISSN. Journal of Islamic Finance, 1(1), 2289–2109.

Arshad, R., Othman, S., & Othman, R. (2012). Islamic {Corporate} {Social} {Responsibility}, {Corporate} {Reputation} and {Performance}. Proceedings of World Academy of Science, Engineering and Technology, 6(64), 1070. http://search.proquest.com/docview/1349445808?accountid=26646

Atiqah, & Rahma, Y. (2018). Islamic Corporate Governance and Islamic Social Responsibility Towards Maqashid Shariah. KnE Social Sciences, 3(8), 70. https://doi.org/10.18502/kss.v3i8.2501

Coad, A., Segarra, A., & Teruel, M. (2013). Like milk or wine: Does firm performance improve with age? Structural Change and Economic Dynamics, 24(1), 173–189. https://doi.org/10.1016/j.strueco.2012.07.002

Deza, R. L. R., & Sofyani, H. (2019). Syariah Governance dan Maqashid Syariah di Perbankan Syariah di Indonesia: Pendekatan Integrated Maqashid Al-Sharīʿah Based Performance Measure (IMSPM). Reviu Akuntansi Dan Bisnis Indonesia, 1(1). https://doi.org/10.18196/rab.010101

Ghayad, R. (2008). Corporate governance and the global performance of Islamic banks. Humanomics, 24(3), 207–216. https://doi.org/10.1108/08288660810899368

Hasan, N. (2019). Kinerja Berbasis Syariah Maqashid dan Sosial Islam Tanggung jawab ; Sebuah Studi Empiris Bank Islam di Asean. 101(Iconies 2018), 410–415.

Heni, M., & Emawati, L. (2022). Islamic Corporate Governance, Islamic Social Reporting dan Maqashid Syariah Pada Bank Syariah di Indonesia. Jurnal Ilmiah Ekonomi Islam, 8(1), 146. https://doi.org/10.29040/jiei.v8i1.4267

Hudaefi, F. A., & Badeges, A. M. (2022). Maqāṣid al-Sharī‘ah on Islamic banking performance in Indonesia: a knowledge discovery via text mining. Journal of Islamic Marketing, 13(10), 2069–2089. https://doi.org/10.1108/JIMA-03-2020-0081

Khoiriyah, V. N., & Salman, K. R. (2020). The Effect of the Maqashid Sharia Index, Company Size, and Company Age on Islamic Social Reporting. Muqtasid: Jurnal Ekonomi Dan Perbankan Syariah, 11(2), 117–132. https://doi.org/10.18326/muqtasid.v11i2.117-132

Mardliyyah, Z., Pramono, S. E., & Yasid, M. (2020). Pengaruh Islamic Social Reporting Terhadap Kinerja Bank ( Studi pada Perbankan Syariah di Indonesia ). 4(1), 43–51.

Marfuah, M., Ismail, P. H., & Salsabilla, S. (2022). Determinan Kinerja Bank Umum Syariah yang Diukur dengan Maqashid Syariah Index. Telaah Bisnis, 23(1), 21. https://doi.org/10.35917/tb.v23i1.244

Mohammed, M. O., Razak, D. A., & L. (2008). Ukuran Kinerja Perbankan Syariah Berdasarkan Kerangka Maqashid. Departemen Ekonomi, Kulliyyah Ilmu Ekonomi Dan Manajemen, Universitas Islam Internasional Malaysia, 1967(1988), 1–17.

Mulyani, S. (2018). 1 Islamic Economics Quotient Ieq Vol. 1 No. 2 Mei – Juni 2018. Journal of Economics & Business Sharia, 1(2), 1–32.

Mutmainah, W. (2022). Pengaruh Dana Syirkah Temporer , Islamic Social Responsibility Dan Intellectual Capital Terhadap Kinerja Maqashid Syariah Pada Bank Umum Syariah Periode Tahun 2016-2020 Pengaruh Dana Syirkah Temporer , Islamic Social Responsibility Dan Intellectual Capita.

Novari, P. M. (2016). Profitabilitas Terhadap Nilai Perusahaan Pada Sektor Fakultas Ekonomi dan Bisnis Universitas Udayana ( Unud ), Bali , Indonesia PENDAHULUAN Mempertahankan kontinuitas perusahaan adalah elemen penting yang harus dipertahankan oleh perusahaan , terutama men. 5(9), 5671–5694.

Rachmah, A. R. (2018). Analisis Pencapaian Maqashid Syariah pada Bank Umum Syariah di Indonesia. Jurnal Fakultas Ekonomi, 73–86.

Rahma, Y., & Atiqah, A. (2021). Modal Intelektual Islam dan Ukuran Perbankan terhadap Kinerja Maqashid Syariah. Akuntabilitas, 14(2), 201–214. https://doi.org/10.15408/akt.v14i2.22507

Rahmania, N., & Suryaputri, R. V. (2020). The Influence of ISR , Profitability , ICG on the Performance of Maqashid Syariah with Intellectual Capital as an Intervening Variable. 28342–28353.

Risqi, M. I. M., & Septriarini, D. F. (2021). Determinan Pengungkapan Islamic Social Reporting (Isr) Oleh Bank Syariah Di Indonesia Dan Malaysia. Jurnal Ekonomi Syariah Teori Dan Terapan, 8(4), 413. https://doi.org/10.20473/vol8iss20214pp413-425

Rosmita Rasyid, J. (2021). Pengaruh Leverage, Ukuran Perusahaan, Likuiditas, Kebijakan Dividen & Pertumbuhan Perusahaan Terhadap Nilai Perusahaan. Jurnal Paradigma Akuntansi, 3(1), 366. https://doi.org/10.24912/jpa.v3i1.11662

Santoso, S. E. B. (2022). Pengaruh Maqashid Syariah Index Dan Islamic Social Reporting Terhadap Profitabilitas Bank Syariah Di Indonesia Periode 2016 – 2019. Review of Applied Accounting Research (RAAR), 2(1), 118. https://doi.org/10.30595/raar.v2i1.13068

Satria, H., Hendrawaty, E., & Muslimin, M. (2021). Perbandingan Maqashid Index Bank Umum Syariah di Indonesia dan Malaysia. Jurnal Bisnis Dan Manajemen, 17(2), 60–68. https://doi.org/10.23960/jbm.v17i2.219

Statista. (2020). Southeast Asia: Muslim population forecasted share by country. Statista. https://www.statista.com/statistics/1113906/southeast-asia-muslim-population-forecasted-share-by-country/

Trilaksono, I., Komalasari, A., & Tubarad, C. P. (2021). Pengaruh Islamic Corporate Governance dan Islamic Social Reporting terhadap Kinerja Keuangan Bank Syariah di Indonesia. Bukhori: Kajian Ekonomi Dan Keuangan Islam, 1(1), 11–20. https://doi.org/10.35912/bukhori.v1i1.118

Wahyulaili, K., Puspitasari, N., & Singgih, M. (2018). Analisis Pengaruh Good Governance Bisnis Syariah, Ukuran Perusahaan, dan Struktur Modal terhadap Kinerja Perbankan Syariah. Indonesian Journal of Islamic Economics & Finance, X(X), 27–47. http://jurnalpasca.iain-jember.ac.id/ejournal/index.php/IJIEF/art




DOI: https://doi.org/10.17509/jrak.v11i3.59563

Refbacks

  • There are currently no refbacks.


Creative Commons License

Jurnal Riset Akuntansi dan Keuangan  is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.

View My Stats