Good Corporate Governance dan Kinerja Maqashid Syariah pada Perbankan Syariah Asia Tenggara

The purpose of this study was to determine and analyze the effect of of good corporate governance as proxied by the board of commissioners, board of directors, audit committee and institutional ownership on the performance of Islamic banks in terms of Islamic maqashid. Another research objective is to determine the ranking of Islamic commercial banks in 2015-2019. The research was conducted using quantitative methods with multiple linear regression analysis techniques. The study was conducted using 10 samples with the amount of data observed as many as 50 financial reports. The results showed that the audit committee had a significant effect on the performance of Islamic banks, while the board of commissioners, board of directors and institutional ownership had no significant effect on the performance of Islamic banks. Simultaneously, it shows that good corporate governance has a significant effect on the performance of Islamic banks period 2015-2019.

This study aims to investigate the impact of Good Corporate Governance (GCG) on the financial performance of sharia banking. GCG is measured by the Board of Commissioners Performance, the Board of Commissioners Composition, the Number of Audit Committees, the Board of Directors, and the Sharia Supervisory Board Performance, whereas financial performance is proxied by Return on Assets, financing risk (Non-Performing Financing), and capital (Capital Adequacy Ratio). Sharia commercial banks registered by Bank Indonesia made the sample of this study. Annual reports and GCG reports of sharia commercial banks from 2014 to 2017 are used as a data source. The study uses a panel data regression approach to analyze the data; some interesting results have been obtained. The Sharia board positively affected financial performance of Islamic banks in terms of return on assets and capital adequacy ratio, and negatively as to non-performing financing. Similarly, the board of directors had a significant impact on the financial performance of Islamic banks in the same direction as the sharia supervisory board in terms of the three components. Meanwhile, the board of commissioners had a significant and positive impact only on the return on assets of Islamic banks in Indonesia.

The Sharia Supervisory Board (SSB) and the Audit Committee (AC) are crucial components of Good Corporate Governance (GCG) in Islamic banks. This study investigates the moderating role of SSB conflicts of interest arising from cross-membership in various Islamic Financial Institutions (IFIs) and AC members’ independence in the relationship between GCG and Islamic bank performance in Indonesia. Using a sample of ten full-fledged Islamic banks from 2014 to 2023, a Moderated Regression Analysis (MRA) was employed to test three hypotheses. The key findings indicate a significant positive relationship between GCG and Islamic bank financial performance. However, no significant moderating effects of SSB conflicts of interest on the GCG–performance relationship were found. Conversely, a significant positive moderating effect of AC independence was identified. These results have important implications for practitioners, regulators, and stakeholders of the Islamic banking industry. Islamic banks should prioritize the establishment of independent audit committees to strengthen their governance framework. While SSB cross-membership may not necessarily harm performance, banks should implement appropriate oversight mechanisms to manage potential conflicts of interest. The Indonesian Financial Services Authority (OJK) and similar regulatory bodies should continue to emphasize the importance of audit committee independence in their governance guidelines.

This research aims to measure the quality of Good Corporate Governance (GCG) in Islamic Banking and examine its effect on financial performance. The independent variables examined include GCG Index, Board of Commissioner (BOC), Audit Committee (AC), Sharia Supervisory Board (SSB), Gender Diversity of BOC and SSB. The dependent variable includes financial performance determined by Return on Assets (ROA). This research uses samples of 11 Islamic Commercial Banks period of 2015-2019. They were selected using judgement sampling method. The data analysis method used panel data regression analysis with Fixed Effect estimation model. The result revealed that the GCG quality of Islamic Commercial Banks in Indonesia adheres to 90% of the indicator used in the GCG Index. Despite that, the GCG Index found no significant effect on financial performance. Moreover, the Good Corporate Governance implication in Board of Commissioner, Audit Committee, Sharia Supervisory Board and Gender Diversity also found no significant effect on Islamic banking’s financial performance.

This study aims to examine the influence of Islamic Corporate Governance on the performance of Maqasid Shariah in Islamic Commercial Banks in Indonesia. The performance of Maqasid Shariah is measured using the Maqasid Shariah Index, which consists of three main dimensions: educating individuals, establishing justice, and promoting public interest. The independent variables in this study include components of Islamic Corporate Governance, namely the Board of Commissioners, the Sharia Supervisory Board, and Independent Commissioners. Firm size and firm age are employed as control variables. The study uses a sample of Islamic Commercial Banks in Indonesia that are registered with the Financial Services Authority (OJK) during the period of 2021–2023, with a total of 33 data observations. Data analysis was conducted using panel data regression with the Stata 17 application. The results indicate that the Board of Commissioners and Independent Commissioners do not have a significant effect on Maqasid Shariah performance, while the Sharia Supervisory Board has a significant negative effect on the Maqasid Shariah performance of Islamic Commercial Banks in Indonesia registered with the Financial Services Authority (OJK).

Good Corporate Governance (GCG) is one of the key elements in increasing economic efficiency that can help create a conducive and accountable relationship between elements of the company (board of commissioners, directors, and shareholders) in order to improve the company's financial performance. This study aims to determine the effect of Good Corporate Governance (GCG) as proxied by managerial ownership, institutional ownership, independent commissioners and sharia supervisory boards in measuring the risk of financial performance of Islamic banks in Indonesia. The results of this study as a whole can be concluded that, Good Corporate Governance (GCG) in measuring the risk and financial performance of Islamic banks has no significant effect.And to evaluate the concept of managing Islamic Commercial Banks in the implementation of Good Corporate Governance based on existing regulations on financial performance and financing risk at Islamic Commercial Banks in Indonesia which are registered with the Financial Services Authority.
 Keywords: GCG, Measurement Risk, Financial Performance, Islamic Banking.

The implementation of good corporate governance (GCG) can be seen in the relationship between the main elements of GCG mechanisms implemented by the board of commissioners (BOC) as supervisors, the board of directors (BOD) as managers, and the sharia supervisory board (SSB) as directors, consultants, and supervisors on sharia compliance of Islamic banks. This study aims to analyze the effect of corporate governance on the maqasid sharia-based performance of Islamic banks (Bank Umum Syariah–BUS) in Indonesia from 2016 to 2019. Corporate governance is proxied by the number of BOC, BOD, the audit committee, and SSB. Based on the purposive sampling criteria, 8 BUS are used as samples in this study, with a total of 32 observations. The type of data used is secondary data in the form of annual reports and GCG reports. The data analysis technique used is multiple regression analysis. The results show that BOC has a negative effect on the maqasid sharia-based performance of Islamic banks. In contrast, BOD positively impacts the maqasid sharia-based performance of Islamic banks. On the other hand, the audit committee and SSB do not affect the maqasid sharia-based performance of Islamic banks.

This study aims to provide empirical evidence about the effect of bank soundness by using Risk Profile, Good Corporate Governance, Earnings, Capital (RGEC) methods on the financial performance of sharia commercial banks in Indonesia. The formulation of the problem in this research is whether there is an effect of the soundness of the Islamic Commercial Bank with the RGEC method with the banking performance in Indonesia in the 2011-2015 period? How much influence does the bank's health level have on the RGEC method on the performance of Islamic Banks in Indonesia? The research sample consisted of 7 Islamic banks in Indonesia. The data used are quarterly financial statements of sharia commercial banks and GCG implementation reports. The statistical method used to test the research hypothesis is multiple linear regression. The results of data testing stated that there was no heterocedasticity, autocorrelation, multicollinearity, and data with normal distribution. The results showed that Non Performing Financing (NPF), Financing to Deposit Ratio (FDR), Net Operating Margin (NOM) and Capital Adequacy Ratio (CAR) had an influence on the financial performance of Islamic commercial banks, while Good Corporate Governance (GCG) did not have influence on the financial performance of Islamic commercial banks. The effect of bank soundness on the financial performance of Islamic banks was 39.40%, while 60.60% was influenced by other factors outside this study.

This research empirically aims to examine several estimation factors that make Islamic banks more inclined to implement Maqashid Sharia performance. These factors include financing risk, temporary equity funds (dana syirkah), capital adequacy, and Sharia governance in relation to Maqashid Sharia performance. The research methodology employed is a descriptive and verificative approach. The population consists of Islamic Commercial Banks in Indonesia from 2017 to 2021, with a sample size of 14 banks using a saturation sampling technique. Panel data regression is the analytical method applied. The results of the study indicate that, partially, financing risk has a significant negative impact on Maqashid Sharia performance. Meanwhile, temporary equity funds, capital adequacy, Sharia supervisory board, joint position of the Sharia supervisory board, board of commissioners, and audit committee have a significant positive influence on Maqashid Sharia performance.The implications for management involve formulating operational performance strategies that not only pursue commercial aspects but also consider social aspects and Sharia compliance to enhance Maqashid Sharia performance, aligning with the foundational goals of Islamic banks. The contribution to the field of knowledge lies in deepening the understanding of factors influencing Maqashid Sharia performance in Islamic banks and providing new insights into the relationships among financing risk, temporary equity funds, capital adequacy, Sharia governance, and performance.

This research discusses the influence of the Sharia Supervisory Board (DPS) and the Audit Committee on the performance of Islamic banking in a case study at Bank NTB Syariah. This research is a descriptive study using multiple regression analysis method and processed using SPSS version 16. Based on the results of the study it was concluded that partially the Sharia Supervisory Board (X1) had a significant influence on Islamic banking performance with a significance value of 0.05. Meanwhile, the Audit Committee (X2) has no significant effect on the performance of Islamic banking. Meanwhile, the Sharia Supervisory Board (X1) and the Audit Committee (X2) simultaneously have a significant relationship with Islamic banking performance.

This study aims to examine the role of the Sharia Supervisory Board and the size of Islamic banks on the performance of Islamic Commercial Banks in Indonesia. The characteristics of the Sharia Supervisory Board (SSB) are proxied by the variables of the size of the SSB, Concurrent Positions of the SSB, the Meetings of the SSB and the Educational Background of the SSB. This study used panel data of Islamic commercial banks from 2015 to 2020 using purposive sampling. The data analysis technique used panel data regression through the common effect model using the software views. The test results show that the variables of SSB concurrent positions, SSB meetings, educational background SSB and the size of the bank significantly affect the performance of Islamic commercial banks. Meanwhile, the size of the SSB have no effect on the performance of Islamic commercial banks. Multiple positions have a positive effect on the direction of the relationship, while the SSB meeting and SSB educational background have a negative effect on the performance of Islamic commercial banks.

Islamic banking has existed in Indonesia since 1992. The performance of Islamic banking is interesting for further analysis. This study aims to analyze the impact of good corporate governance (GCG) implementation and bank characteristics on the performance of Islamic banking in Indonesia before the COVID-19 pandemic. Profitability is a measure of banking performance and is proxied by return on assets (ROA) and return on equity (ROE). The research sample consists of Islamic commercial banks that published financial and annual reports between 2011 and 2019. The data collection method used is documentation. Multiple regression analysis was used for data analysis. The results indicate that the implementation of GCG has no significant impact on performance (probability values of 0.425 and 0.420 on ROA and ROE with coefficients of 0.016 and 0.019). The P-value of the non-performing loans (NPF) variable is < 0.001 on ROA and ROE, which means that NPF has a significant negative impact on ROA and ROE. Third-party funds only have a significant impact on ROE with a p-value of 0.046. Meanwhile, the size of a bank has not been shown to have a significant impact on the performance of Islamic banking in Indonesia. Efforts to maintain NPF are critical for banks to achieve good performance (profitability). NPF demonstrates the risk of nonpayment of Islamic bank financing. AcknowledgmentWe gratefully acknowledge the research funding provided by LPPM Universitas Negeri Semarang (contract number: 19.8.3/UN37/PPK.3.1/2022).

Purpose - The purpose of this study is to analyze the influence of the expertise of the directors, board of commissioners, and sharia supervisory board on the performance of Islamic banking. Method - This study uses three areas of expertise, namely accounting/finance, business, and sharia expertise. The sample of this study is Islamic banking from 2014 to 2024, which meets the research criteria. Result - This study found that the expertise of the directors, board of commissioners, and sharia supervisory board improves the performance of Islamic banking. Implication - This study provides implications for companies and regulators to encourage and develop regulations that require the composition of the directors, board of commissioners, and sharia supervisory board with accounting/finance, business, and sharia expertise. Originality - As far as the author knows, research on board expertise in Islamic banking in countries that adopt a two-tier system has never been conducted.

This study aims to determine and analyze the influence of the Board of Commissioners, the Audit Committee and the Sharia Supervisory Board on the Performance of Sharia commercial banks Empirical studies on Sharia commercial banks in 2014-2018 both simultaneously and in part. The data analysis method used is panel data regression analysis. Using a purposive sampling method to get a sample of 10 Islamic banks from 12 Islamic banks. Based on the results of the study note that the board of commissioners, audit committees, sharia supervisory boards simultaneously affect the performance of Islamic banks. But partially, the board of commissioners, audit committee, sharia supervisory board did not affect the performance of Islamic Banks in Islamic Banking in 2014-2018.

Background - The growth potential of sharia banking business in Indonesia is increasing, so it is important to evaluate the performance of sharia banking. Aim - This study aims to examine the effect of core capital on the profitability and performance of Islamic Commercial Banks listed on the Indonesia Stock Exchange. This research is expected to provide input in financial knowledge, especially in the field of evaluating bank financial performance and the factors that influence it. Design/ Methodology/ Approach - The research object is 12 Islamic banks in Indonesia. The data is taken from the financial statements of each Islamic bank from 2015 to 2018. Hypothesis testing is carried out using a structural equation model with the WARP PLS program. Results and Discussion – The results show that core capital has a significant effect on profitability, as well as profitability has a significant effect on core capital. The results also show that core capital has no effect on performance and performance has no significant effect on core capital. The results showed that profitability had no effect on performance. Conclusion - The results of this study conclude that of the five hypotheses proposed only two are accepted, namely core capital has a significant effect on profitability, and vice versa profitability also has a significant effect on core capital. This study produces evidence that core capital has no significant effect on the performance of Islamic banks. Likewise, it turns out that profitability also does not significantly affect the performance of Islamic banks, but on the contrary, the performance of Islamic banks has no significant effect on profitability. Research implications - for the Islamic banking business, this research can provide input on how to measure the performance of Islamic banks through the profitability and core capital of Islamic banks. The object of research is 12 Islamic banks in. Limitations of the study - The research was carried out during the period when Islamic banks in Indonesia had not been merged