Published date: Jul 04 2024

Journal Title: KnE Social Sciences

Issue title: The 3rd Jakarta Economic Sustainability International Conference (3rd JESICA)

Pages: 152–175

DOI: 10.18502/kss.v9i20.16498

Zahrah SalsabilaUniversitas Pembangunan Nasional “Veteran” Jakarta

Shinta Widyastutishinta.widyastuti@upnvj.ac.idUniversitas Pembangunan Nasional “Veteran” Jakarta

This research aims to analyze the effect of Islamicity Performance Index and intellectual capital on financial performance in Islamic banks moderated by Shariah supervisory board. The research used 168 sample data from 36 companies consisting of Sharia Bank (BUS) and Sharia enterprise unit (UUS) registered by Otoritas Jasa Keuangan in 2018-2022. The analysis technique used is multiple linear regression analysis with STATA version 17, as a tool. The result concluded profit sharing ratio, zakat performance ratio, Islamic income vs non-Islamic income ratio, and intellectual capital do not affect financial performance. Meanwhile, an equitable distribution ratio has a positive effect on financial performance. The Sharia supervisory board does not strengthen the effects of the profit sharing ratio, zakat performance ratio, and Islamic income vs non-Islamic income ratio. However, the Shariah supervisory board strengthens the effect of equitable distribution ratio and intellectual capital on financial performance. The research contributes to developing new insight into the recent phenomena and the novelty of variables. Research limitations are only using 4 of the 7 Islamicity Performance Index proxies, the object is only in the Indonesian region, and the literature on Sharia supervisory boards is limited.

Keywords: financial performance, intellectual capital, Islamic banking, Islamicity Performace Index, Sharia supervisory board

[1] OJK. Laporan Perkembangan Keuangan Syariah Indonesia 2022 [Internet]. Jakarta: OJK; 2022 [cited 2023 Nov 23]. Available from https://ojk.go.id/id/kanal/syariah/datadan- statistik/laporan-perkembangan-keuangan-syariah-indonesia/Pages/Laporan- Perkembangan-Keuangan-Syariah-Indonesia-2022.aspx

[2] Zikri Z, Ridho KE, Hisan K. Faktor-faktor yang mempengaruhi net operating margin pada BRI Syariah periode Maret 2011-Maret 2019. JIM: Jurnal Ilmiah Mahasiswa. 2021;3(1):1–19. https://doi.org/10.32505/jim.v3i1.3289

[3] Setiawan S, Wulansari P, Dewi RPK. Pengukuran tingkat kinerja keuangan dan kinerja non keuangan pada bank syariah di lima negara Asia (Studi kasus pada bank syariah dengan aset tertinggi). Dinamika Akuntansi, Keuangan Dan Perbankan. 2020;9(1):69–78. https://www.unisbank.ac.id/ ojs/index.php/fe9/article/view/8168{%}0A https://www.unisbank.ac.id/ojs/index.php/ fe9/article/download/8168/3159

[4] Pudyastuti LW. Pengaruh Islamicity Performance Index dan Financing To Deposit Ratio (FDR) terhadap kinerja keuangan perbankan syariah di Indonesia. Jurnal Manajemen Bisnis Indonesia Edisi 2. 2018;2(1):170–181.

[5] Azwirman Z, Suryadi A. Analysis of islamicity performance index on sharia banks in Indonesia. International Journal of Innovation, Creativity and Change. 2019;10(3):25– 36.

[6] Wicaksono A. Kasus Kredit Fiktif Rp27 M, Eks Kacab Bank BUMN Syariah Ditangkap. CNN Indonesia [Internet]. 2022 Jan 30 [cited 2023 Sep 7]. Available from: https://www.cnnindonesia.com/nasional/20220130205339-12-753087/kasuskredit- fiktif-rp27-m-eks-kacab-bank-bumn-syariah-ditangkap

[7] Siregar WA. Buronan Terpidana Korupsi Rp32 Miliar di Bank Syariah Mandiri Ditangkap Kejaksaan. Okenews [Internet]. 2023 Feb 10 [cited 2023 Sept 7]. Available from: https://news.okezone.com/read/2023/02/10/608/2762521/buronan-terpidanakorupsi- rp32-miliar-di-bank-syariah-mandiri-ditangkap-kejaksaan

[8] Sinaga F. KPK Pastikan Bank Syariah Indonesia Takkan Lolos dari Pemeriksaan Kasus Suap Hakim Agung. JPNN.Com [Internet]. 2023 Feb 23 [cited 2023 Sept 7]. Available from: https://m.jpnn.com/news/kpk-pastikan-bank-syariah-indonesiatakkan- lolos-dari-pemeriksaan-kasus-suap-hakim-agung

[9] Hardina L, Sasongko N, Setiawati E. Pengaruh islamicity performance index terhadap profitabilitas dengan intellectual capital sebagai variabel moderating pada perbankan syariah di Indonesia. The 9 Th University Research Colloqium. 2019;9(3):275–282.

[10] Hameed S, Wirman A, Alrazi B, Nazli M, Pramono S. Alternative disclosure and performance measures for islamic banks. Paper presented at: Second Conference on Administrative Sciences: Meeting the Challenges of the Globalization Age; 2004; King Fahd University of Petroleum & Minerals, Dhahran, Saudi Arabia.

[11] Jummaini J, Azis N, Faisal F, Basri H, Muhammad Z. The relationship of islamic performance index and intellectual capital by supply chain management toward banking financial performance in Indonesia. International Journal of Supply Chain Management. 2019;8(3):192–203. https://doi.org/https://doi.org/10.59160/ijscm.v8i3.3111

[12] Cahya BT, Sari DA, Paramitasari R, Hanifah U. Intellectual capital, islamicity performance index, dan kinerja keuangan Bank Syariah di Indonesia (Studi pada tahun 2015-2020). AKTSAR: Jurnal Akuntansi Syariah. 2021;4(2):155. https://doi.org/10.21043/aktsar.v4i2.12031

[13] Mayasari FA. Pengaruh islamicity performance index terhadap profitabilitas Bank Umum Syariah Indonesia periode 2014-2018. Kompartemen: Jurnal Ilmiah Akuntansi. 2020;18(1):22–38. https://doi.org/10.30595/kompartemen.v18i1.6812

[14] Pratama VY. Islamic corporate social responsibility, islamicity performance index dan profitabilitas bank umum syariah di Indonesia. ECONBANK: Journal of Economics and Banking. 2022;4(2):155–165. https://doi.org/10.35829/econbank.v4i2.237

[15] Subramaniam M, Youndt MA. The influence of intellectual capital on the types of innovative capabilities. Academy of Management Journal. 2005;48(3):450–463.

[16] Darmadi S. Pengungkapan tata kelola perusahaan dalam laporan tahunan: Sebuah studi eksplorasi pada bank syariah Indonesia. Humanomik. 2013;29(1):4–23. https://doi.org/https://doi.org/10.1108/08288661311299295

[17] Hamza H. Sharia governance in Islamic banks: effectiveness and supervision model. International Journal of Islamic and Middle Eastern Finance and Management. 2013;6(3):226–237. https://doi.org/https://doi.org/10.1108/IMEFM-02-2013-0021

[18] Triyuwono I. Akuntansi Syariah: Perspektif, Metodologi, Dan Teori. 1