Determining the Performance of Maqhasid of General Islamic Banks in Indonesia

Titik Agus  SETIYANINGSIH; Siti  HARTINAH; Nur Ravita  HANUN

doi:10.38142/jogta.v4i1.1497

Authors

Titik Agus SETIYANINGSIH Muhammadiyah University of Jakarta, Indonesia
Siti HARTINAH Muhammadiyah University of Jakarta, Indonesia
Nur Ravita HANUN Muhammadiyah University of Jakarta, Indonesia

DOI:

https://doi.org/10.38142/jogta.v4i1.1497

Keywords:

Maqashid Syariah performance, ROA, NPF, GCG, CAR

Abstract

This study aims to discuss the determinants of Maqashid Syariah performance using ROA, NPF, CAR, and ICG as independent variables. This study uses an associative quantitative approach. The data used are secondary data, namely, financial report data from Islamic Commercial Banks from 2019 to 2023. The population used in this study is BUS in Indonesia registered with the Financial Services Authority (OJK) during the 2019-2023 period. The sampling technique used was a purposive sampling method. The data obtained are annual reports of 7 Islamic commercial banks and 35 data for 5 consecutive years. The results of the study state that ROA has no significant effect on Maqashid Syariah performance, NPF has a significant negative effect on Maqashid Syariah performance, and CAR and ROA have a significant positive effect on Maqashid Syariah performance in Islamic commercial banks in Indonesia. Based on the research results, there are several implications, namely: (1) Islamic Commercial Banks must improve their financing schemes with profit-sharing patterns that are most in accordance with Sharia, do not use profit-sharing patterns that are similar to usury or other terms, and margin. This refers to the significant results of the performance of Islamic Commercial Banks in relation to upholding justice; (2) The performance of maqhasid sharia is influenced by ICG. Therefore, Islamic Commercial Banks need to improve Islamic governance as a form of capital and spiritual accountability to society and Allah SWT to develop business in an Islamic manner.

References

Al Ghifari, M., Handoko, L. H., & Yani, E. A. (2015). Analisis Kinerja Perbankan Syariah di Indonesia dan Malaysia dengan Pendekatan Maqashid Indeks. Jurnal Ekonomi dan Perbankan Syariah, 3(2), 47-66. https://doi.org/10.46899/jeps.v3i2.160

Al Rahahleh, N., Ishaq Bhatti, M., & Najuna Misman, F. (2019). Developments in Risk Management in Islamic Finance: A Review. Journal of Risk and Financial Management, 12(1), 37. https://doi.org/10.3390/jrfm12010037

Antonio, M. S., Sanrego, Y. D., & Taufiq, M. (2012). An Analysis of Islamic Banking Performance: Maqashid Index Implementation in Indonesia and Jordan. Journal of Islamic Finance, 1(1), 12–29.

Arfiani, L. R., & Mulazid, A. S. (2017). Analisis Faktor-Faktor yang Mempengaruhi Tingkat Bagi Hasil Simpanan Mudharabah pada Bank Umum Syariah Indonesia Studi Kasus pada Bank Umum Syariah di Indonesia Periode 2011-2015. IQTISHADIA: Jurnal Ekonomi & Perbankan Syariah, 4(1), 1–23. https://doi.org/10.19105/iqtishadia.v4 i1.1132

Azis, M. T. (2018). Analisis Kinerja Perbankan Syariah Indonesia Ditinjau dari Maqashid Syariah. Al-Amwal, 10(1), 1–17.

Bhatti, M., & Bhatti, M. I. (2010). Toward Understanding Islamic Corporate Governance Issues in Islamic Finance. Asian Politics and Policy, 2(1), 25–38. https://doi.org/10.1111/j.1943-0787.2009.01165.x

Jauhar, A. A.-M. H. (2017). Maqashid Syariah. Amzah Bumi Aksara.

Larbsh, M. (2015). Perspektif Islam tentang Tata Kelola Perusahaan. Departemen Akuntansi. Fakultas Ekonomi dan Perdagangan. Universitas Islam Al-Asmarya.

Lesmana, S., & Haron, M. H. (2019). Maqasid Shariah-Based Performance of Islamic Banks, Islamic Corporate Governance, and Contingency Theory: A Theoretical. International Journal of Accounting, Finance and Business (IJAFB), 4(24), 70–86.

Mohammed, M., Abdul Razak, M. T. (2008). The Performance Measures Of Islamic Banking On The Maqasid Syariah Framework. International Accounting.

Mohammed, M. O. (2015). Developing Islamic Banking Performance Measures Based on Maqasid Al-Shari’ah Framework: Case of 24 Selected Banks. Journal of Islamic Monetary Economic and Finance, 1(1), 55–54.

Moeheriono. 2012. Pengukuran Kinerja Berbasis Kompetensi. Jakarta: Raja Grafindo Persada Mufidah, A. (2023). Determinan Kinerja Maqashid Syariah Pada Perbankan Syariah di

Indonesia. Universitas Islam Negeri Salatiga.

Prilevi, R., et.al. (2020). Determinan Kinerja Maqashid Syariah Perbankan Syariah Indonesia.

Jurnal Kajian Akuntansi. 4(1). 78-98. http://jurnal.unswagati.ac.id/index.php/jka Rohman, Abdul. (2023). Peran Perbankan dalam Perekonomian Indonesia Saat ini?. Diakses

/05/2024. Link website: https://feb.ub.ac.id/peran-perbankan-dalam-perekonomian- indonesia-saat- ini/#:~:text=Perbankan%20juga%20memainkan%20peran%20penting%20dalam%20m enunjang%20sektor%2Dsektor%20ekonomi,dan%20membantu%20memperkuat%20pe rekonomian%20Indonesia.

Saputra, K. A. K., & Paranoan, S. (2024). Do Cybersecurity, Digitalisation, and Data Visualisation Affect the Quality of Internal Environmental Audits?. Australasian Accounting, Business and Finance Journal, 18(2).

Sutrisno, & Widarjono, A. (2018). Maqasid sharia index, banking risk and performance cases in Indonesian islamic banks. Asian Economic and Financial Review, 8(9), 1175–1184. https://doi.org/10.18488/journal.aefr.2018.89.1175.1184

Triyuwono, I. (2015). Akuntansi Syariah: Perspektif, Metodologi, dan Teori (2). Jakarta: Rajawali Pers

Wahab, A., & Ali, R. (2024). Determinan Kinerja Keuangan Terhadap Maqaṣid Shari’ah

Development Indeks Pada Bank Umum Syariah. Al-Buhuts, 20(2), 75–104.

Wahid, N. N., Firmansyah, I., & Fadillah, A. R. (2019). Analisis Kinerja Bank Syariah Dengan Maqashid Syariah Index (Msi) Dan Profitabilitas. Jurnal Akuntansi, 13(1), 1–9. https://doi.org/10.37058/jak.v13i1.710

Zahra, M. A. (1995). Ushul Fiqh. Jakarta: PT. Pustaka Firdaus.