Sharia Supervisory Board Research Articles

PENGARUH ISLAMIC CORPORATE GOVERNANCE TERHADAP KECURANGAN PADA PERBANKAN SYARIAH DI INDONESIA

This study aims to examine the influence of Islamic corporate governance on fraud in Islamic banks in Indonesia. The population of this study is all Islamic banking in Indonesia in 2016-2020. The sampling technique in this study uses a purposive sampling method with the criteria of the company publishing a complete compliance report on the website of each Islamic bank. 10 Islamic banks become the research sample. This research is quantitative research with a multiple linear regression analysis method. The results of this study indicate that Islamic corporate governance, proxied by the duties and responsibilities of the board of directors, affects fraud in Islamic banking in Indonesia, while the implementation of the duties and responsibilities of the Sharia Supervisory Board has no effect on fraud in Islamic banking in Indonesia. These results contribute valuable insights to the understanding of how Islamic corporate governance can serve as a potent tool in mitigating fraudulent activities within the Islamic banking industry. Moreover, the findings have implications for regulatory bodies and stakeholders aiming to enhance the effectiveness of Islamic banking regulations and governance frameworks, ultimately fortifying the integrity and trustworthiness of Islamic financial institutions.

PELATIHAN DASAR DEWAN PENGAWAS SYARIAH (DPS) UNTUK LEMBAGA KEUANGAN SYARIAH

From the implementation of training carried out online / webinar Basic Training for Sharia Supervisory Board for Islamic financial institutions, results were obtained which stated that the PKM Basic Training for Sharia Supervisory Board for Islamic financial institutions that had been carried out, the following conclusions could be drawn: That the level of participation of the trainees who participated was very enthusiastic about joining, listening and discussing until the end of the implementation of this training. A strong sense and desire to know more, understand and a sense of desire (belief) to become part of the DPS members for Islamic financial institutions is highly desired by the training participants, this is also strongly corroborated by the distribution of free test and post test questionnaires, where the results of the implementation of training before and after training show results where the knowledge, understanding and belief of training participants after receiving basic material on the role of the sharia supervisory board for financial institutions are very interested in becoming part of the DPS members and looking forward to the next edition for more detailed training from DPS for Islamic financial institutions

Analisis Faktor Spesifik Bank dan Corporate Governance terhadap Financial Sustainability BUS di Indonesia

The background of research was implementation of financial sustainability on Sharia Commercial Banks in Indonesia not optimal since rules Number 51/POJK.03/2017 was published. The objective of research to test the influence of bank-specific factors proxied by CAR, FDR, NPF, BOPO, ROA and corporate governance measured by the number of sharia supervisory board meetings on financial sustainability proxied by Financial Sustainability Ratio (FSR). This research use explanatory quantitative approach. The result indicate that CAR has a significant influence in the same direction on FSR. FDR, BOPO and number of sharia supervisory board meetings have significant influence with the opposite direction on FSR. However, NPF and ROA didn’t have significant influence on FSR. Then, the average of financial sustainability on Sharia Commercial Banks in Indonesia has fulfilled the ideal standard by The World Bank with an FSR average value is 126.91%.

The Role of The Sharia Supervisory Board In Sharia Banking In Indonesia

One of the characteristics that distinguishes Islamic Commercial Banks from conventional banks is the existence of a sharia supervisory board (DPS) at an independent Islamic bank and located parallel to the board of commissioners. DPS, has an important and strategic role in the implementation of sharia in Islamic Banks. DPS is responsible for ensuring that all products and procedures of Islamic Banks comply with sharia principles. This research is entirely a literature review. The purpose of this research is to find out about the role of DPS in Islamic banking. The analytical method used is content analysis method. The results of this study indicate that the DPS is an independent body consisting of muamalah sharia experts who also have knowledge in banking in Islamic financial institutions and are tasked with overseeing the implementation of the decisions of the national sharia board at these sharia financial institutions. DPS has an important and strategic role in the application of sharia principles in sharia banking. DPS is responsible for ensuring that all sharia bank products and procedures comply with sharia principles.

Peran Dewan Pengawas Syariah Dalam Penerapan Good Corporate Governance Dalam Pencegahan Fraund Financing di Bank Syariah

The act of misrepresentation in a monetary establishment is something that can be a significant danger to the maintainability of an organization's business. As a result, it is critical that efforts to prevent fraud are made to lessen the impact on stakeholders and customers. One way to do this is by putting good corporate governance into place. This study aims to determine how the presence of a sharia-compliant supervisory board in an Islamic bank, one form of good corporate governance, reduces the financing of fraudulent activities. The method of conducting the literature review and the qualitative research approach were utilized, and secondary data were used as the type of data. The findings of this study indicate that an Islamic bank's maximum application of good corporate governance is thought to be capable of preventing the practice of fraud financing. This is especially true when the Islamic supervisory board is maximized in supervising the implemented operations that have met the sharia compliance aspect. The presence of a sharia supervisory board is not only a distinguishing feature between Islamic banks and conventional banks; it is also a representation of the implementation of GCG. If the existence of a sharia
 Keywords: Sharia Supervisory Board, Good Corporate Governance, Fraund Financing
 Ruko Botania in Batam Center is an area where the author's activities are carried out. It should be noted that MSMEs in Indonesia have a very important impact on the role of the economy, Mr.Ong's Bangka Pangsit Noodle MSME is a business engaged in the culinary food sector. This UMKM was opened in 2010 at Botania Garden. The concept of digital marketing originates from the internet and search engines on websites. Creating an Instagram account for the promotion of Mie Pangsit Ayam Bangka Mr.Ong in the form of a product photo that has been designed to include Instagram and a Whatsapp number, and a Facebook contact as well as a Google Maps link which will make it easier for consumers if they want to visit the place of business directly. the instastory feature is also used so that the account's followers can find out the latest info from Mie Pangsit Bangka Mr.Ong, namely @miepangsitbangka.mrong. The purpose of implementing digital marketing for Mr. Ong's Bangka Pangsit Noodle business is so that this business can be better known by the people of Batam. Apart from that, creating social media accounts is also free. Social media will make it easier to interact with customers.This is a new author's manual and a template for Jurnal Dirosah Islamiyah. Published every May and November since 2019. Articles must start with Article Title followed by Author Name and Affiliate Address and abstract. This part of the abstract must be typed in 150-250 word counts. Especially for the abstract, use the Cambria font, measuring 10 pt. Single space per line in this article. If the article is written in Indonesian, the abstract should be typed in English and Indonesian. Meanwhile, if the article is written in English, the abstract must be typed in English only. The abstract is typed as concisely as possible and consists of: research objectives, methods, results and discussion and brief conclusions. 250 words maximum. Abstract should only be typed in one paragraph and in one column format.
 Keywords: Digital Marketing, MSMEs, Social Med

The Effect of Company Size, Capital Adequacy, And Level of Funding On Financial Performance Moderated By The Sharia Supervisory Board

This study aims to find out whether the sharia supervisory board moderates the relationship between the variables of company size, capital adequacy, level of funding and financial performance. This study uses hypothesis testing with a quantitative approach. The unit of analysis used in this study is Islamic Commercial Banks in Indonesia (10 Islamic banks). The type of data used is secondary data, data sources from documents obtained through media such as publications or websites. In this study the data used is the Annual Report (Annual Report). Based on the time/time dimension of implementation, this study uses panel data, consisting of 10 Islamic banks in Indonesia, and uses annual data for 8 (eight) periods starting from 2014-2021. The study population was 80. The statistical tools used for panel data analysis were panel regression models, namely Common Effects (CE), Fixed Effects (FE) and Random Effects (RE). Data processing software using Eviews. The findings show that company size and DER have a sizeable impact on financial performance, even though the sharia supervisory board does not moderate the relationship, while the sharia supervisory board moderates the relationship between funding levels and firm performance. The results of this study can be a guideline for managers of sharia banks to provide financing through the most effective level of funding possible. The results of this study can provide a basis for recommending policies to Islamic banking authorities and Islamic banking supervisors in Indonesia.

Penerapan Peningkatan Fungsi Lembaga Pengawas Menurut Pemikiran Imam Al Ghazali

In this study, the existence of a supervisory system for financial institutions has increased, where initially it was only supervised by a certain line of people, now it has increased, namely with the existence of institutions such as DPS (Sharia Supervisory Board, DSN (National Sharia Council) and so on. Then with the implementation According to Imam Al-Ghazali, the increase in the supervisory function is in accordance with his thoughts regarding hisbah (supervision) or not. The purpose of this research is to explain the concept of how to increase the function of supervisory institutions according to Imam Al-Ghazali. In the context of increasing the function of supervisory institutions, this will increase public trust in Islamic financial institutions, especially in line with the thoughts of the figure of Imam Al-Ghozali. On the other hand, if the implementation of an increase in the supervisory function is in line with Al Ghazali's thinking, then the operating system of the supervisory institution will work in accordance with Islamic principles. The method used in this research is qualitative research, which seeks to explore, understand, and seek social phenomena. The research used in this research is qualitative research. Data collection techniques used in this study are through observation (observation), interviews (interviews), and documentation. According to Miles & Huberman, the data analysis technique used consists of three streams of activities that occur simultaneously, namely: data reduction, data presentation, drawing conclusions or verification. The application of increasing the function of supervisory institutions according to Imam Al-Ghazali is by establishing the pillars of hisbah (supervision), including: Muhtasib (hisbah officer), Muhtasab Fih (deeds that are objects of hisbah), Muhtasab'Alaih (perpetrators addressed to hisbah) and Ihtisab (forms of hisbah). The increase in supervisory institutions is in line with the thoughts of the Islamic figure Al Ghazali, which is seen from the DPS (Sharia Supervisory Board) working system which works to ensure Sharia conformity, the DPS supervises, both actively and passively, especially in the implementation DSN fatwa and provide direction/supervision of products/services and business activities so that they comply with Sharia principles.

PENGARUH TATA KELOLA PERUSAHAAN YANG BAIK DAN PROFITABILITAS TERHADAP TINGKAT PENGUNGKAPAN TANGGUNG JAWAB SOSIAL PERUSAHAAN PADA BANK SYARIAH DI INDONESIA

The aim of this study is to analyse the impression of Good Corporate Governance component amount to Frequency of Sharia Supervisory Board Meeting, the Composition of Independent Commissioners Board, the Measure of the Board Directors, the Audit Committee Size and Profitability with the level of Corporate Social Responsibility (CSR) disclosure at Indonesia Sharia Banks in period 2017-2020. This research adopts quantitative method. The data population are 13 sharia general banks which are national private bank and there are 2 sharia general banks that are local government banks registered in OJK (the Financial Services Authority). The purposive sampling method is used as a sampling technique and get hold of 10 Sharia Banks. The samples in this study are 40 samples. Multiple Linear Analysis is utilized to test hypotheses in this research. Obtained results from this research that there was an influence between the Independent Commissioner’s Composition and Measure of the board Directors against the CSR level of disclosure at Indonesia Sharia Banks in period 2017-2020. Meanwhile, the Frequency of Sharia Supervisory Board Meetings, Audit Committee Size, and Profitability had no effect the CSR level of disclosure at Indonesia Sharia Banks in the period 2017-2020.

Islamic Social Reporting (ISR), Sharia Supervisory Board (SSB), and Financial Performance: Empirical Evidence on Islamic Banks in the GCC Region

This study aims to determine the relationship between the disclosure of Islamic social reporting (ISR), the Sharia Supervisory Board (SSB), and the financial performance of Islamic banks in the Gulf Cooperation Council (GCC) region. The Islamic banks that were the sample of the study totaled 25 banks spread across Bahrain, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates with a sample period starting from 2013 to 2017. This research uses multiple regression testing and is complemented by content analysis. The results of content analysis show that the average level of ISR disclosure in Islamic banks in the GCC area is 56.53%. That is, the issues of social responsibility have not become a major concern for most Islamic banks. Furthermore, based on the test results, the ISR disclosure level proved to have a positive effect on financial performance. In addition, the existence of SSB in Islamic banks is also proven to have a positive association with financial performance which is proxied by return on average assets. These findings indicate that there are special things in Islamic banking such as disclosure of ISR and SSB that can have a good impact on the financial performance of Islamic banks.

The effect of board of directors and sharia supervisory board on zakat funds at Islamic banks in indonesia

The effect of board of directors and sharia supervisory board on zakat funds at Islamic banks in indonesia

Role and Responsibilities of the Sharia Supervisory Council (DPS) at Sharia People's Finance Bank (BPRS) in Depok City

The aim of this study is to find out how the shariah compliance audit is carried out through the role of the sharia supervisory board (DPS) at PT. BPRS di kota depok.Descriptive qualitative research was used for this project. This study aims to reveal data from natural settings by using the researcher as a key instrument, rather than obtaining the findings through statistical procedures or other computational methods. Descriptive qualitative analysis using inductive method.The responsibility of DPS is not only to submit a report once a semester to Bank Indonesia, but also to be accountable for the nature of the BPRS. When the DPS states that the transaction is prohibited and not in accordance with sharia, the BPRS may not do so. This is the essence of the relationship between BPRS and DPS.The level of DPS credibility in terms of performance, independence, and competence determines the credibility of Islamic banks. The role and function of DPS in sharia internal supervision must be optimized. BI''s main responsibility as a regulator is to improve the external environment of DPS, namely by developing an efficient and effective sharia supervisory mechanism according to sharia.

Produk E-Money Bank Syariah dalam Perspektif Kajian Islam

This study aims to determine the suitability of BSM E-Money products according to the DSN MUI Fatwa on one of the products at Bank Syariah Mandiri. This study used a qualitative descriptive method with data collection carri ed out through observation, interviews and documentation of two sources of informants, namely the Central Bank Syariah Mandiri Office and the DSN-MUI Institute Office. Data analysis techniques were carried out in three steps, namely: data reduction, data presentation, and drawing conclusions. The results of this study indicate that according to the DSN-MUI Fatwa, a product that has been legalized and marketed states that the product is in accordance with the DSN-MUI Fatwa No. 116 because if the product is not in accordance with the existing Fatwa or violates the provisions, the Bank Indonesia Authority or OJK has the authority to reprimand or stop the product. According to Bank Syariah Mandiri, so far BSM E-Money products are still operating in accordance with existing regulations, it can be concluded that Products in Electronic Money transactions at Bank Syariah Mandiri have complied with DSN-MUI Fatwa No. 116, approved by the Sharia Supervisory Board (DPS) and obtained a permit from Bank Indonesia or the Financial Services Authority (OJK). The product complies with sharia principles and is declared in accordance with the DSN-MUI Fatwa, only that there are sharia problems.

The Effect Of The Sharia Supervisory Board (SSB) And Financial Performance On The Disclosure Of The Islamic Social Report (ISR) Analysis Before And After The Merger

This study aims to examine the influence of the sharia supervisory board and financial performance on Islamic Social Reporting before and after the merger to become Bank Syariah Indonesia. Financial performance is proxied using ROA, the population in this study are Islamic banks listed on the Indonesia Stock Exchange operating in 2020-2021. The sampling technique used a purposive sampling technique, and 4 samples were obtained. The analytical method used to test the hypothesis is the Different Test and multiple regression analysis. The results of this study indicate that the sharia supervisory board has effect on Islamic Social Reporting (ISR), while financial performance has effect on Islamic Social Reporting (ISR). The sharia supervisory board and financial performance have an influence on Islamic Social Reporting (ISR).

The case study of the sharia insurance industry: how far is the spin-off policy being effectively implemented in Indonesia?

PurposeThis study aims to analyze the effectiveness of the spin-off policy which includes clarity of objectives and criteria, implementation and monitoring and evaluation functions.Design/methodology/approachThe method used is a qualitative method with a theme approach and the analytical hierarchy process (AHP). Data were obtained from the results of focus group discussions and AHP questionnaires with informants from Indonesian Sharia Insurance Association (AASI), the sharia life and general insurance industry, the Sharia Supervisory Board, the government and regulators.FindingsThe results of the research are the effectiveness of the clarity of goals and criteria has not been realized optimally, the effectiveness of increasing profitability has not been realized, and the effectiveness of the monitoring and evaluation functions by the government and regulators has been realized. The supporting factor that has the highest level of importance is the role of the government and regulator.Research limitations/implicationsThe limitation of this research is that it has not used a wider range of profitability test tools and projections. The theoretical implication of this research is as a reference for robust research in identifying spin-off success factors because this study uses a mixed method where qualitative methods are used in the study using data from theory and expert informants from three parties: regulatory parties, associations (AASI) and the insurance company (life insurance and general insurance). These results form the basis for compiling a questionnaire with a quantitative method so that the data is become relevant based on theory (design) and practical side.Practical implicationsPractical implication of the study is that the Islamic insurance industry has to prepare to achieve condition of Tabarru funds and the investment reaches 50% of the main insurance fund. AASI, as the sharia insurance industry organization, continues innovating the most suitable form of spin-off that can be achieved by the Sharia business unit and also continues to coordinate with regulators to discuss existing problems. The government and regulators also support the implementation of the spin-off by providing convenience in various aspects such as spin-off period relaxation and government incentive and relaxation to enhance sharia insurance industry.Originality/valueThe contribution of the results of this research for the government and regulatory agencies is as input in setting policies and regulations related to spin-offs, for the industry is expected to be more prepared in terms of resources, commitment and strategy.

Pelaksanaan Digitalisasi Usaha Untuk Pertumbuhan Dan Pengembangan UMKM Daerah Bersama PT. Narasumber Teknologi Indonesia

PT. Narasumber Teknologi Indonesia is a company that focuses on cooperative computerized accounting training, technical guidance for the implementation of technology for small and medium-sized enterprises (SMEs), national cooperative software training, sharia supervisory board for cooperatives, computerized management training for cooperatives and SMEs, as well as the digitalization of Micro, Small, and Medium Enterprises (MSMEs). Additionally, PT. Narasumber Teknologi Indonesia serves as a platform for the younger generation to develop their potential as agents of business digitization through the final project of the program activities. This involves providing training and mentoring to local MSMEs as an effort to digitize their businesses and help solve the problems that hinder or constrain the development of local MSMEs. This research provides insights for local business practitioners to implement digitization in their businesses in order to achieve sustainable growth and success for MSMEs in the ever-evolving digital era. The implementation of training and mentoring for local MSMEs is expected to help them Go Digital, improving efficiency and productivity, enhancing product quality and services, and increasing market access for local MSMEs.

Akad pada Sistem Marketing Halal Network International (HNI) Perspektif Fikih Muamalah (Studi Kasus Agency Center HNI di Dusun Made, Gabus, Ngrampal, Sragen)

This study aims at determining the marketing system and analyzing contracts in Halal Network International marketing system at the Gabus Agency Center, Ngrampal, Sragen based on the perspective of muamalah fiqh. This qualitative field research obtains the primary data through interviews using the purposive sampling method, namely HNI Agency Center owners in Gabus, Ngrampal, Sragen, HNI Sharia Supervisory Board (DPS) and HNI agents or consumers shopping at HNI Agency Centers. While secondary data comes from books, journals, theses and the internet related to contracts in the Halal Network International marketing system from the perspective of fiqh muamalah. Data collection techniques are by means of interviews, observation and documentation. While the data analysis technique uses the Milles and Huberman method, namely collecting data, data reduction, data presentation and conclusions. The results of the study show that the marketing system used in HNI at the Agency Center Made, Gabus, Ngrampal Sragen is the Sharia Network Marketing (MLM Syariah) system, namely marketing products through a network of agents using the DSN/MUI Fatwa reference No.75/DSN-MUI/VII /2009 concerning Guidelines for Sharia Tiered Direct Sales (PLBS). Contracts in HNI marketing system from a muamalah fiqh perspective between HNI companies and the Agency Center Made, Gabus, Ngrampal, Sragen use ju'alah contract and wakalah bil ujrah contract. Meanwhile, at the Agency Center Made, Gabus, Ngrampal, Sragen with HNI agents or consumers, in selling HNI products, they use murabahah and salam contracts.

Sharia Supervisory Board: Effectiveness In The Supervisory Function Of Islamic Financial Institutions In Yogyakarta

In order for people to feel safe and comfortablestoring their assets in Islamic financial institutions (LKS), it is necessary to implement the supervision of the Sharia Supervisory Board (DPS) to stand firm without any interest. The purpose of this study is to assess the effectiveness of supervision, the operation of the Sharia Supervisory Board (DPS) in supervising Islamic financial institutions in Indonesia, both in the banking and non-bank sectors. This research usesqualitative research, is descriptive and tends to use content analysis. The results of this study show that the implementation of DPS performance in LKS is still contextual in fulfilling the requirements for the establishment of Islamic financial institutions, which is still focused on understanding the actualization of financial products in order to be able to run in accordance with the rules of Article 27 of PBI No. 6/24/PBI/2004, DPS is leaning more towards Sharia contracts than Sharia Audits. So that the lack of effectiveness of DPS performance makes it less understanding of the Sharia contextual by workers in the Islamic finance sector has an impact on public loyalty and trust in making transactions on products issued by Islamic financial institutions.

The role of the board of directors and the sharia supervisory board on sustainability reports

This study aimed to investigate the impact of Board of Directors and Sharia Supervisory Board (SSB) characteristics on sustainability reporting in global Islamic banks. A sample of 136 Islamic banks (IB) was examined, encompassing 536 observations from 2018 to 2021. Sustainability reporting was measured using an index developed by A. Jan et al. (2019), which modified the Global Reporting Initiative standards to suit the characteristics of Sharia-compliant financial institutions. The data was analyzed using a panel data estimation technique known as the Random Effects Model. The study findings revealed that certain board characteristics, such as the size of the Board of Directors, independence of the Board of Directors, size of the SSB, and cross-membership in the SSB, had a positive influence on sustainability reporting in Islamic banks. Additionally, board meetings of the Board of Directors were found to have a negative effect on sustainability reporting. These findings provide valuable insights for companies and policymakers, enhancing their understanding of the board composition that encourages firms to pursue reporting strategies based on sustainable development. Overall, the study contributes to the existing literature by examining the relationship between board attributes and sustainability reporting, particularly from an Islamic perspective.

ROLE OF THE SHARIA SUPERVISORY BOARD AND THE SIZE OF ISLAMIC BANK ON THE PERFORMANCE OF SHARIA BANKS IN INDONESIA

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.

Syariah Governance and Disclosure Islamic Corporate Social Responsibility: A Comparative Study of Indonesian and Malaysian Islamic Banking

The existence of the Sharia Supervisory Board in the Sharia banking GCG structure is a unique feature that distinguishes it from the GCG structure of conventional banks. The inconsistency of the results of previous research related to the relationship between GCG and CSR disclosure is the motivation of this study, in addition to the differences in the progress of Indonesian and Malaysian Islamic banks. The research population of Islamic banking is listed on the Indonesia Stock Exchange and the Malaysia Stock Exchange. Research period on 2016 – 2019 before covid 19 pandemic. The research sample was determined based on purposive sampling, 12 Islamic banks in Indonesia and 14 Islamic banks in Malaysia was selected. The method of analysis is multi group using Partial Least Squares. The results of this study provide empirical evidence that the Sharia Supervisory Board, Board of Commissioners and Board of Directors have not succeeded in playing a role in increasing I-CSR disclosure except for the Independent Board of Commissioners and Independent Board of Directors. The results of the study also have not shown any differences in the influence of GCG on I-CSR in Indonesian and Malaysian Islamic banking.