Shariah Bank Fundamental, Maqashid and Financial Sustainability: Unraveling the Dynamics

Dego Wiyawan; Hendrawati Hendrawati; Agustian Burda; Merliyana Merliyana; Asep Saefurahman

doi:10.58777/rie.v1i2.174

Authors

Dego Wiyawan Indonesian College of Economics (STEI), Jakarta
Hendrawati Hendrawati Indonesian College of Economics (STEI), Jakarta
Agustian Burda Indonesian College of Economics (STEI), Jakarta
Merliyana Merliyana Indonesian College of Economics (STEI), Jakarta
Asep Saefurahman Indonesian College of Economics (STEI), Jakarta

DOI:

https://doi.org/10.58777/rie.v1i2.174

Keywords:

Return on Assets, Maqashid Syariah, Firm Size, Capital Adequacy Ratio, Sustainability Ratio

Abstract

The purpose of this study is to ascertain how the Financial Sustainability Ratio in Indonesian Sharia Commercial Banks is impacted by Return on Assets, Firm Size, Capital Adequacy Ratio, and Maqashid Syariah. This study employs a quantitative method along with a causal research technique. This study makes use of financial report data from 15 Sharia Commercial Banks as its population. Fifteen Indonesian Sharia Commercial Banks were the sample used for the 2017–2022 research period. The Panel Data Regression Analysis approach is used in this study. This research uses a population of 15 Sharia Commercial Banks using financial report data. The sample used was 15 Sharia Commercial Banks in Indonesia, which served as research subjects from 2017 to 2022. The Panel Data Regression Analysis approach is used in this study. Based on the findings and discussion, it is evident that the Financial Sustainability Ratio of Indonesia's Sharia Commercial Banks is significantly influenced by Return on Assets, not significantly influenced by Maqashid Syariah, significantly impacted by Firm Size, and significantly impacted by Capital Adequacy Ratio (CAR). Managerial implications include efforts to strengthen financial practices based on Sharia payment principles, considering asset returns, Sharia mashed, company size, and capital adequacy ratios.

References

Abbas, D. S., Eksandy, A., & Yuniarti. (2020). Sustainabillity ratio pada bank umum syariah di indonesia beserta faktor yang mempengaruhinya. Jurnal Ekonomi Syariah (JES), 5(2), 120–130. https://doi.org/10.30736/jesa.v5i2.92

Alim, M., & Sina, D. I. (2018). Pengaruh Capital Adequacy Ratio, Non Performing Financing Dan Laba Bersihterhadap Financial Sustainability Ratio (Pada Perusahaan Perbankan Syariah Yang Ada Di Indonesia Periode 2014-2018). Jurnal Syariah, 1(1), 28–42. https://doi.org/10.31000/bvaj.v4i1.2701

Amidu, M., Coffie, W., & Acquah, P. (2019). Transfer pricing, earnings management and tax avoidance of firms in Ghana". Journal of Financial Crime, 26(1), 235–259. https://doi.org/10.1108/JFC-10-2017-0091

Apriadi, I., Sembel, R., Santosa, P. W., & Firdaus, M. (2016). Banking fragility in Indonesia: A panel vector autoregression approach. International Journal of Applied Business and Economic Research, 14(14), 1193–1224. https://serialsjournals.com/index.php?route=product/product/volumearticle&issue_id=318&product_id=343

Antonio, M. (2019), Bank Syari'ah dan Teori. kePrakteknya. Jakarta: GemaInsani Press Tazkia Institute

Antonio, M. (2012) Manajemen Bank Syariah. SURABAYA: Cv. Penerbit. Qiara Media.

Ayuningtyas, R. D., & Fauzi, M. A. (2020). Pengaruh Kinerja Keuangan dan Maqashid Syariah Terhadap Financial Sustanability Ratio Pada Bank Pembiayaan Rakyat Syariah (BPRS) Di Jawa Tengah dan Daerah Istimewa Yogyakarta (DIY). Universitas Wahid Hasyim Semarang, Vol. 2, No. 2, 1–16.

Belianti, L., & Ruhadi. (2020). Analisis Pengaruh Indeks Maqashid Syariah dan Ukuran Perusahaan terhadap Profitabilitas. Prosiding The 11th Industrial Research Workshop and National Seminar, 1(1), 26–27.

Bilgies, A., Fauzan, R., Santosa, P. W., & Wahyuni, S. (2023). Manajemen Keuangan Islam. In D. P. Sari (Ed.), Repository.Ibs.Ac.Id (First). GlobalL Eksekutif Teknologi. http://repository.ibs.ac.id/4464/1/Bukti Pengajaran MKI.pdf

Budiman, T., Satyakti, Y., & Febrian, E. (2021). Islamic bank sustainability: an econometric approach. Asian Economic and Financial Review, 11(2), 141–159. https://doi.org/10.18488/journal.aefr.2021.112.141.159

Corvino, A., Caputo, F., Pironti, M., Doni, F., & Martini, S. B. (2019). The moderating effect of Firm Size on relational capital and firm performance Evidence from Europe. Journal of Intellectual Capita, 20(4). 510–532. https://doi.org/10.1108/JIC-03-2019-0044

Dendawijaya, L. (2018) Manajemen Perbankan. Cetakan Ketiga. Jakarta: Ghalia. Indonesia.

Eisenhardt, K. M. (2019). Agency Theory: An Assessment and Review. The Academy of Management Review, 14(1), 57–74.

Fahmi, I (2018). Analisis Laporan Keuangan. Cetakan Keenam. Bandung: Alfabeta.

Ghozali, I. (2018). Aplikasi Analisis Multivariate dengan Program IBM SPSS 25. Semarang : Badan Penerbit Universitas Diponegoro.

Hamid, R. S., Bachri, S., Salju, & Ikbal, M. (2020). Panduan Praktis Ekonometrika Konsep Dasar dan Penerapan Menggunakan EViews 10 (Edisi Pert). Banten : CV. AA. Rizky.

Hanafi , M & Halim, A. (2018) Analisis Laporan Keuangan. Yogyakarta: UPP. STIM YKPN.

Hartono, (2018). Buku Konsep Analisa Laporan Keuangan dengan Pendekatan. Rasio dan SPSS. Yogyakarta: Deepublish.

Hery, (2018). Analisis Laporan Keuangan: Integrated and Comprehensive. Edition. Cetakan Ketiga. PT. Gramedia: Jakarta.

Indarti, Apriliyani, I. B., & Aljufri. (2018). Pengaruh Eksternal Auditor , Komisaris Independen, Dan Komite Pemantau Risiko, Terhadap Sustainable Finance Pada Perbankan Di Indonesia (Studi Empiris pada Bank Umum di Bursa Efek Indonesia, Periode 2017-2018). Jurnal Akuntansi Kompetif, 4(1), 30–46. https://doi.org/10.35446/AKUNTANSIKOMPETIF.V4I1.610

Jacoub, Y., Hakim, D. B., Hartoyo, S., & Santosa, P. W. (2020). Does Acquisition Improve Indonesian Bank Financial Performance? International Journal of Business and Applied Social Science, 6(3), 51–62. https://doi.org/10.33642/ijbass.v6n3p5

Jensen, M. C., & Meckling, W. H. (2022). Theory of The Firm : Managerial Behavior, Agency Costs And Ownership Structure. Journal of Financial Economics, 3(1), 305–360. https://doi.org/10.1016/0304-405X(76)90026-X

Jumingan, (2014) Analisis Laporan Keuangan. Jakarta: PT. Bumi Aksara

Kasmir (2019) Analisis Laporan Keuangan. Edisi Pertama. Cetakan Keduabelas. PT Raja Grafindo Persada. Jakarta.

Khan, M. (2016). Income, Social Class, and Consumer Behaviour: A Focus on Developing Nations.” International Journal of Applied Business and Economic Research 14(10): 6679–6702

Muhamad Antonio. (2015). Manajemen Dasar Bank Syariah. Jakarta: PT. Rajawali Persada.

Munandar, A., & Aravik, H. (2022). Pengaruh Camel Terhadap Financial Sustainability Ratio Pada Bank Umum Syariah Periode Juni 2014 – FEBRUARI 2022. Ekonomica Sharia: Jurnal Pemikiran dan Pengembangan Ekonomi Syariah Volume, 8(1), 49–58. https://doi.org/10.36908/esha.v7i2.367

Mingka, A (2013). Maqashid Syariah Dalam Ekonomi dan Keuangan Syariah, 40

Nazilaturrohmah, R., Noor, R. A. G., & Anggraeni, E. (2021). Financial Sustainability Ratio Pada BUS di Indonesia Tahun 2012-2018: Penggunaan Metode Maqashid Syariah Index (MSI). Al-Tijary Jurnal Ekonomi dan Bisnis Islam, 6(2), 79–95. https://doi.org/10.21093/at.v6i2.3068

Notoatmojo, M. I., & Rahmawaty, A. (2016). Analisis Faktor-Faktor Yang Memengaruhi Financial Sustainability Ratio Pada Bank Umum Syariah Di Indonesia Periode 2010-2014. EQUILIBRIUM: Jurnal Ekonomi Syariah, 4(1), 20–42. https://doi.org/10.21043/equilibrium.v4i1.1836

Nugraha, K., Arief, M., Abdinagoro, S. B., & Heriyati, P. (2022). Factors Influencing Bank Customers’ Orientations toward Islamic Banks: Indonesian Banking Perspective. Sustainability, 14(12506), 1–18. https://doi.org/10.3390/su141912506

Nurhikmah, S., & Rahim, R. (2021). Pengaruh Faktor Keuangan dan Non Keuangan terhadap Financial Sustainability Ratio Perbankan. Journal of Management and Business Review, 18(1), 25–47. https://doi.org/10.34149/jmbr.v18i1.214

Rustam, A., & Adil, M. (2022). Financial Sustainability Ratio and Aspects That Affect It. Jurnal Akuntansi, XXVI(01), 144–160. https://doi.org/10.24912/ja.v26i1.822

Santosa, P. W., Setianingrum, A., & Huda, N. (2020). The Relationship of Macro-risk Indicators, Internal Factors, and Risk Profile of Islamic Banking in Indonesia. ETIKONOMI, 19(2), 221–236. https://doi.org/10.15408/etk.v19i2.15528

Saputri, K. O. (2019). KInerja Keuangan Terhadap Kemampuan Berkelanjutan Perusahaan. Jurnal Riset Akuntansi Kontemporer, 11(1), 24–32. https://doi.org/10.23969/jrak.v11i1.1869

Sholikah, A. M., & Miranti, T. (2021). Factors Influence Financial Sustainability Banking in Indonesia. Al-Tijary Jurnal Ekonomi dan Bisnis Islam, 6(1), 41–50. https://doi.org/10.21093/at.v6i1.2497

Sugiyono. (2019). Metode Penelitian Kuantitatif, Kualitatif, dan R&D. Bandung : CV. Alfabeta.

Saputra, M. D. R., & Asyik, N. F. (2017). Pengaruh Profitabilitas, Leverage dan Corporate Governance Terhadap Tax Avoidance. Jurnal Ilmu Dan Riset Akuntansi, 6(8), 1–19. https://doi.org/10.30872/jakt.v19i1.10786

Sudirman, (2018), Manajemen Perbankan. Edisi 2. Jakarta: Kencana.

Triyuwono, I. (2011) Perspektif, Metodologi, dan Teori Akuntansi Syariah. PT Raja Grafindo Persada, Jakarta.

Wahid, N. N., Firmansyah, I., & Fadillah, A. R. (2018). 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

Wahyuddin, Santosa, P. W., Heryana, N., Lokollo, L., Rsitiyana, R., Roni, K. A., Onibala, F., Effendi, N. I., Manoppo, Y., Khaerani, R., Seto, A. A., Christin, G. N., & Juwono, E. (2023). Metodologi Penelitian Kuantitatif dengan Aplikasi IBM SPSS (N. Mayasari (ed.); First). Get Press Indonesia.

Wahyuni, S. (2014). The Factors that Affecting Sustainability Ratio Syaria Banking during the Global Financial Crisis: Empirical Evidence from Indonesia. 2nd Asean International Conference on Islamic Finance, 1(1), 435–443.

Wardiah, M. . (2013). Dasar-Dasar Perbankan. Jakarta : Pustaka Setia.

Yadav, I. S. (2022). The nexus between Firm Size, growth, and profitability : new panel data evidence from Asia–Pacific markets. European Journal of Management and Business Economics, 31(1), 115–140. https://doi.org/10.1108/EJMBE-03-2021-0077

Younis, H., & Sundarakani, B. (2020). The impact of Firm Size, firm age, and environmental management certification on the relationship between green supply chain practices and corporate performance. Benchmarking: An International Journal, 27(1), 319–346. https://doi.org/10.1108/BIJ-11-2018-0363

Yuliawati, Jensen, L., Sumadianing, P., & Saputri. (2016). Analisis Faktor-Faktor Yang Mempengaruhi Financial Sustainability Ratio Perbankan Syariah Diindonesia Periode 2010-2016. Jurnal Syariah, 1(1), 132–140.

Zhou, X., Li, Y., & Zhang, Y. (2020). The threshold effect of Firm Size on technological innovation: examination of panel data from China. Journal of Economic Studies, 1(1), 1–16. https://doi.org/10.1108/JES-03-2019-0102