Journal of Finance and Islamic Banking
Full Lenght Article
Implementation of the Maqashid Syariah Index Approach on the Performance of Sharia Regional Development Banks in Indonesia
Abstract
The implementation of sharia bank performance appraisal models has so far adopted the conventional banking model in terms of evaluating financial performance. Based on this phenomenon, the evaluation of sharia banking performance should use performance measurement based on the maqashid sharia method. The Maqashid Syariah Index (MSI) method has three main objectives, including tahzibal-fardi (educating people), iqamah al-‘adl (upholding justice), and jalbal-maslahah (public interest). The research is a quantitative descriptive study, to explain the maqashid syariah index ratio in analyzing the performance of sharia regional development banks in Indonesia. The sample used in the study using purposive sampling. The performance of sharia regional development banks based on the maqashid sharia index approach illustrates that sharia regional development banks in Indonesia in their implementation of sharia operations are more dominant in the goals of Iqmah al-Adl, meaning that regional development banks in Indonesia are more concentrated in terms of applying sharia principles. The sharia regional development bank in Indonesia that has achieved the best performance according to the Maqashid Syariah Index approach is the Aceh Syariah Bank.
Â
Declarations
Publisher's Note
Universitas Islam Negeri Raden Mas Said Surakarta remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.
References
Antonio, Sanrego dan Taufiq. An Analysis of Islamic Banking Performance: Maqashid Index Implementation in Indonesia and Jordan. Journal of Islamic Finance. Vol 1 (2). 2012.
Antonio, Muhammad Syafii. 2012. An Analisys of Islamic Banking Performance: Maqashid Index Implementation in Indonesia and Yordania. IIUM Institute of Islamic Banking and Finance. Journal of Islamic Finance. Vol. 1 No.1
Ascarya, Membuat Indeks Kinerja LKS Berdasarkan Tujuan Syariah. Jurnal Ekonomi Islam Republika Iqtashadia. 2014.
Chapra, Masa Depan Ilmu Ekonomi: Sebuah Tinjauan Islam. Jakarta: Gema Insani Press. 2001.
Chapra. Islam dan Pembangunan Ekonomi: Menurut Maqashid Asy-Syariah. Terj. Solo: Al-Hambra. 2007.
Endri, Analisis Kinerja Keuangan dengan Menggunakan Rasio-rasio Keuangan dan Economic Value Added, Tazkia Islamic Finance & Business Review, Vol.13 No.2 (2008).
Irfan Soleh, The Impact of Maashid Syariah And Core Competency on Performance Of Islamic Bank, International Journal of weconomics, Commerce adn Management, Vol, IV, Issue 10 (2016), hlm 872-880, diakses dari http://ijecm.co.uk/wp-content/uploads/2016/10/41050.pdf
Jazil dan Syahruddin, The Performance Measures of Selected Malaysian and Indonesian Islamic Bank Based on the Maqashid al-Shariah Approach. 2013.
Jumansyah dan Syafei, Analisis Penerapan Good Governance Business Syariah dan Pencapaian Maqashid Syariah Bank Syariah di Indonesia. Jurnal al-Azhar Indonesia Seri Pranata Sosial. Vol. 2. No. 1. 2013.
Khisan, Zariatul., Measurement of Islamic Banks Performance Using a Shari’ah Confirmity and Profitability Model. International Association for Islamic Economics Review of Islamic Economics, Vol.13, No.2, 2015.
Mardiasno, Akutansi Sektor Publik, Yogyakarta: Andi, 2004.
Mohammed, Dzuljastri dan Taib, (2008), The Performance measures of Islamic Banking based on The Maqashid Framework, paper of IIUM International Accounting Conference (INTAC IV) held at Putra Jaya Marriot, Malaysia. 25 Juni 2015
Novi Puspitasari, Devi H.R, Hari.H, Analysis of Islamic Banking Efficiency Using Maqashid Shariah Approach (Study on Islamic Bank in Indonesia and Malaysia), Journal of Finance and Banking Review, 2 (4), 2017, hlm 1-7 diakses dari www.gatrenterprise.com/GATRJournals/index.html
Prasetyo, J., Supriyanto, S., & Sukardi, B. (2020). Penguatan Financial Performance dan Poverty Reduction Melalui Literasi Keuangan di Industri Keuangan Non Bank (IKNB) Syariah pada Masyarakat Jawa Tengah. Journal of Finance and Islamic Banking, 2(2), 220-250.
Sanrego, Maqashid Index Untuk Bank Syariah. Kategori: Ekonomi Islam. 2015.
Rusydiana, Maqashid Syariah Index sebagai Ukuran Kinerja Perbankan, Jurnal Ekonomi Islam. 2014.
Sudrajat, Anton, Sodiq, Amirus., Analisis Penilaian Kinerja Bank Syariah Berdasarkan Indeks Maqashid Shari’ah. Bisnis, Vol. 4, No.1, 2016.
Triyuwono et al, Islamic Value Islamic Bank Underlying Performance Assessment. Research Journal of Finance and Accounting. Vol. 5. No. 24. 2014.
Triyuwono et al, Konsep Dasar Penilaian Kinerja Bank Syariah. Simposium Nasional Akuntansi 18. Universitas Sumatera Utara. 2015.
Yuwono, Sony, et al., Petunjuk Praktis Penyusunan Balance Scorecard Menuju Organisasi yang berfokus pada Strategi, Jakarta: PT. Gramedia Pustaka, 2004.
Zahrah, Muhammad Abu. Ushul Fiqh. Jakarta: PT. Pustaka Firdaus, 1995
Bibliographic Information
