Year 2019, Volume 5, Issue 2, Pages 72 - 89 2019-07-31

Disclosure of Governance Practice by Islamic Banks: An Application in Indonesia

Inten Meutia [1] , Mohamad Adam [2]

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This study aims to evaluate the governance practices in Islamic banks in Indonesia by using the governance standards developed from AAOIFI and IFSB as the international sharia governance guidelines accepted throughout the world. Furthermore, this research will also identify what aspects have been and have not been fulfilled by Islamic banking in Indonesia in order to realize governance as expected. This research is a quantitative descriptive study that uses content analysis to explore and analyse the data. This study uses data sourced from annual reports, financial reports and websites of 12 Islamic banks in Indonesia, in 2016. Overall the data indicated that the index of governance of Islamic banks in Indonesia was still low when the guidelines sourced from AAOIFI and IFSB were used as benchmarks. The average score achieved by Islamic banks was 37%. Based on the guidelines prepared by Hasan (2011), the score was classified as emerging practices. The focus of Islamic banks to general governance was higher than specific governance information. Statistical tests demonstrated that this difference is significant. 

Corporate Governance, Islamic Financial Institutions, Sharia Governance
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Primary Language en
Subjects Management
Journal Section Articles
Authors

Orcid: 0000-0002-2418-0283
Author: Inten Meutia (Primary Author)
Institution: University Sriwijaya
Country: Indonesia


Orcid: 0000-0002-3260-3266
Author: Mohamad Adam
Country: Indonesia


Dates

Publication Date: July 31, 2019

Bibtex @research article { ijisef466463, journal = {International Journal of Islamic Economics and Finance Studies}, issn = {2149-8393}, eissn = {2149-8407}, address = {Politik Ekonomik ve Sosyal Araştırmalar Merkezi}, year = {2019}, volume = {5}, pages = {72 - 89}, doi = {10.25272/ijisef.466463}, title = {Disclosure of Governance Practice by Islamic Banks: An Application in Indonesia}, key = {cite}, author = {Meutia, Inten and Adam, Mohamad} }
APA Meutia, I , Adam, M . (2019). Disclosure of Governance Practice by Islamic Banks: An Application in Indonesia. International Journal of Islamic Economics and Finance Studies, 5 (2), 72-89. DOI: 10.25272/ijisef.466463
MLA Meutia, I , Adam, M . "Disclosure of Governance Practice by Islamic Banks: An Application in Indonesia". International Journal of Islamic Economics and Finance Studies 5 (2019): 72-89 <http://dergipark.org.tr/ijisef/issue/47473/466463>
Chicago Meutia, I , Adam, M . "Disclosure of Governance Practice by Islamic Banks: An Application in Indonesia". International Journal of Islamic Economics and Finance Studies 5 (2019): 72-89
RIS TY - JOUR T1 - Disclosure of Governance Practice by Islamic Banks: An Application in Indonesia AU - Inten Meutia , Mohamad Adam Y1 - 2019 PY - 2019 N1 - doi: 10.25272/ijisef.466463 DO - 10.25272/ijisef.466463 T2 - International Journal of Islamic Economics and Finance Studies JF - Journal JO - JOR SP - 72 EP - 89 VL - 5 IS - 2 SN - 2149-8393-2149-8407 M3 - doi: 10.25272/ijisef.466463 UR - https://doi.org/10.25272/ijisef.466463 Y2 - 2019 ER -
EndNote %0 International Journal of Islamic Economics and Finance Studies Disclosure of Governance Practice by Islamic Banks: An Application in Indonesia %A Inten Meutia , Mohamad Adam %T Disclosure of Governance Practice by Islamic Banks: An Application in Indonesia %D 2019 %J International Journal of Islamic Economics and Finance Studies %P 2149-8393-2149-8407 %V 5 %N 2 %R doi: 10.25272/ijisef.466463 %U 10.25272/ijisef.466463
ISNAD Meutia, Inten , Adam, Mohamad . "Disclosure of Governance Practice by Islamic Banks: An Application in Indonesia". International Journal of Islamic Economics and Finance Studies 5 / 2 (July 2019): 72-89. https://doi.org/10.25272/ijisef.466463
AMA Meutia I , Adam M . Disclosure of Governance Practice by Islamic Banks: An Application in Indonesia. IJISEF. 2019; 5(2): 72-89.
Vancouver Meutia I , Adam M . Disclosure of Governance Practice by Islamic Banks: An Application in Indonesia. International Journal of Islamic Economics and Finance Studies. 2019; 5(2): 89-72.