The Relationship between Maqasid Sharia and Profitability Ratio in Islamic Banking Industries Performance

Yıl 2022, , 243 - 259, 29.07.2022

Lucky Nugroho

https://doi.org/10.17233/sosyoekonomi.2022.03.13

Cited By: 1

Öz

The study aims to analyse the moderating relationship between the return on assets (ROA) ratio with the Islamic maqasid ratio. This study uses several independent variables: financing to deposit ratio, labour cost ratio, promotions cost ratio, non-performing financing, and the ratio of financing distribution of micro, small and medium enterprises (MSMEs). The methodology used in this study is quantitative. The result of this study is that ROA significantly moderates the independent variables on ROA. Furthermore, the novelty of this research is to link the ratio of social and spiritual aspects with a balance of financial aspects.

Anahtar Kelimeler

Maqasid Sharia Ratio, Financing to Deposit, Return on Asset, Labour Cost Ratio, Promotion Cost Ratio, Non-Performing Financing Ratio, MSMEs Financing Ratio

Destekleyen Kurum

Univeristas Mercu Buana

Teşekkür

Research Center of Universitas Mercu Buana

İslâmi Bankacılık Sektörünün Performansında Şeriat Hedefleri ve Kârlılık Oranı İlişkisi

Öz

Çalışmanın amacı, aktif kârlılığı (ROA) oranı ile İslami Şeriat Hedefi oranı arasındaki düzenleyici ilişkiyi analiz etmektir. Bu çalışmada birkaç bağımsız değişken kullanılmaktadır: finansmanın mevduata oranı, işgücü maliyeti oranı, promosyon maliyeti oranı, sorunlu finansman ve mikro küçük ve orta ölçekli işletmelerin (MSME) finansman dağılımının oranı. Çalışmada kullanılan metodoloji niceldir. Araştırma sonucunda, aktif kârlılığının kendi üzerindeki bağımsız değişkenleri önemli ölçüde etkilediği görülmüştür. Bankacılık sektörünün performansının belirlenmesinde konunun finansal yönünün yanı sıra sosyal ve manevi yönü de süreçle ilişkilendirilerek bilimsel alana yeni bir bakış açısı kazandırılmaya çalışılmıştır.

Anahtar Kelimeler

Şeriat Hedefi Oranı, Mevduat Finansmanı, Aktif Getirisi, İşgücü Maliyeti Oranı, Promosyon Maliyeti Oranı, Sorunlu Finansman Oranı, MKOBİ Finansman Oranı

Kaynakça

• Acar, M. & H. Temiz (2017), “Advertising effectiveness on the financial performance of banking sector: Turkey case”, International Journal of Bank Marketing, 35(4), 649-661.
• Adab, F. & W. Rokhman (2015), “Pengaruh Etika Kerja Islam Terhadap”, EQUILIBRIUM, 3(1), 48-61.
• Ailawadi, K.L. et al. (2006), “Promotion profitability for a retailer: The role of promotion, brand, category, and store characteristics”, Journal of Marketing Research, 43(4), 518-535.
• Arafah, W. & L. Nugroho (2016), “Maqhashid Sharia in Clean Water Financing Business Model at Islamic Bank”, International Journal of Business and Management Invention (IJBMI), 5(2), 22-32.
• Bahari, N.P. et al. (2021), “Analisa Manfaat Pembiayaan Gadai Emas Syariah: Studi Kasus Bank Syariah Mandiri-Tomang Raya”, Jurnal REKSA: Rekayasa Keuangan, Syariah, Dan Audit, 8(1), 15-30.
• Bashir, A. et al. (1993), “Equity Capital, Profit Sharing Contracts, and Investment: Theory and Evidence”, Journal of Business Finance & Accounting, 20(5), 639-651.
• Bernstein, D. (1996), “Asset Quality and Scale Economies in Banking”, Journal of Economics and Business, 6195(96), 157-166.
• Bhatti, K.K. & T.M. Qureshi (2007), “Impact Of Employee Participation On Job Satisfaction , Employee Commitment And Employee Productivity”, International Review of Business Research Papers, 3(2), 54-68.
• Black, S.E. & L.M. Lynch (1996), “Human-Capital Investments and Productivity”, The American Economic Review, 86(2), 263-267.
• Blattberg, R.C. & S.A. Neslin (1989), “Sales promotion: The long and the short of it”, Marketing Letters, 1(1), 81-97.
• Budiman, F. (2016), “Pengaruh Kualitas Penerapan Good Corporate Governance (GCG) terhadap Tingkat Pengembalian dan Risiko Pembiayaan Bank Syariah di Indonesia”, Muqtasid: Jurnal Ekonomi Dan Perbankan Syariah, 7(2), 1-21.
• Capon, N. et al. (1990), “Determinants of Financial Performance : A Meta-Analysis”, Management Science, 36(10), 1143-1159.
• Cebeci, I. (2012), “Integrating the social maslaha into Islamic finance”, Accounting Research Journal, 25(3), 166-184.
• Das, A. et al. (2009), “Labor-use efficiency in Indian banking: A branch-level analysis”, Omega, 37(2), 411-425.
• Dhumale, R. & A. Sapcanin (1998), “An Application of Islamic Banking Principles to Microfinance”, Study by the Regional Bureau for Arab States, United Nations Development Programme, in cooperation with the Middle East and North Africa Region.
• Diantanti, N.P. et al. (2021), Pengantar Bisnis Islam (Tinjauan Konsep dan Praktis), Widina Bhakti Persada Bandung, Bandung: Widina Bhakti Persada Bandung.
• Drašković, V. & A. Lojpur (2013), “The Importance of the Institutional Framework in Regulating CSR”, Montenegrin Journal of Economics, 9(2), 39-46.
• Ductor, L. & D. Grechyna (2015), “Financial development, real sector, and economic growth”, International Review of Economics and Finance, 37, 393-405.
• Dusuki, A.W. (2008), “Banking for the poor : the role of Islamic banking in microfinance initiatives”, Humanomics, 24(1), 49-66.
• Farida, S. (2016), “Pendidikan Karakter dalam Prespektif Islam”, Kabilah:Journal of Sicial Community, 1(1), 198-200.
• Faslah, R. & M.T. Savitri (2013), “Pengaruh Motivasi Kerja Dan Disiplin Kerja Terhadap Produktivitas Kerja Pada Karyawan PT.Kabelindo Murni”, Pendidikan Ekonomi Bisnis, 1(2), 40-53.
• Firmansyah, I. (2014), “Determinant of Non Performing Loan: The Case of Islamic Bank in Indonesia”, Buletin Ekonomi Moneter Dan Perbankan, 17(2), 241-258.
• Fitrotulloh, M.R. (2013), “Konstruk Filsafat dan Agama dalam Bingkai Peradaban Islam”, El-Qudwah-Qudwah, 4, 1-20.
• Fujii, H. et al. (2014), “Indian bank efficiency and productivity changes with undesirable outputs: A disaggregated approach”, Journal of Banking & Finance, 38, 41-50.
• Gunardi, A. et al. (2021), “Research on Islamic corporate social responsibility and Islamic bank disclosures”, Journal of Sustainable Finance and Investment, 1-22.
• Hakiim, N. & H. Rafsanjani (2016), “Pengaruh Internal Capital Adequency Ratio (Car), Financing To Deposit Ratio (Fdr), Dan Biaya Operasional Per Pendapatan Operasional (Bopo) Dalam Peningkatan Profitabilitas Industri Bank Syariah Di Indonesia”, Jurnal Masharif Al-Syariah: Jurnal Ekonomi Dan Perbankan Syariah, 1(1), 60-74.
• Hakim, S.A. et al. (2011), “Advertising of Islamic banking products”, Advertising of Islamic Banking Products, 1(2), 60-70.
• Hasan, M. et al. (2022), “Ekonomi Pembangunan Sebuah Tinjauan Teori dan Praktis”, in: R. Septiani (ed.), Widina Media Utama, Widina Media Utama.
• Hastuti, R.K. (2019a), 5 Tahun Rerata Pertumbuhan Industri Perbankan Syariah 15%, <https://www.cnbcindonesia.com/syariah/20190608180708-29-77170/5-tahun-rerata-pertumbuhan-industri-perbankan-syariah-15>, 17.10.2021.
• Hastuti, R.K. (2019b), Perbankan Syariah Masih Sulit Bersaing Dengan Konvensional, <https://www.cnbcindonesia.com/syariah/20190607133414-29-77037/perbankan-syariah-masih-sulit-bersaing-dengan-konvensional>, 17.10.2021.
• Hidayah, N. et al. (2020), “Human Capital and The Use of Information Technology to Enhance Sustainable Competitive Advantages (Case study on Sharia Banking)”, Archives of Business Review, 8(6), 239-249.
• Hidayah, N. et al. (2021), “Human Capital and Relational Capital on University Quality with Environmental Uncertainty as Moderating Variables”, BİLTÜRK Journal of Economics and Related Studies, 3(3), 117-132.
• Ihwanudin, N. et al. (2020), Dasar-Dasar Analisa Laporan Keuangan, Widina Bhakti Persada Bandung.
• Jusoh, W.N.H.W. & A.M. Shariff (2015), “Microfinance: Viable Approaches for Islamic Banking Implementation”, Global Review of Islamic Economics and Business, 2(3), 197-206.
• Khan, F. (2010), “How ‘Islamic’ is Islamic Banking?”, Journal of Economic Behavior & Organization, 76(3), 805-820.
• Khasanah, A.N. (2016), “Pengaruh Intelektual Capital dan Islamicity Performance Index Terhadap Kinerja Keuangan Perbankan Syariah di Indonesia”, Jurnal Nominal, 5(1), 1-18.
• Kim, J. (2019), “The impact of different price promotions on customer retention”, Journal of Retailing and Consumer Services, 46(September), 95-102.
• Labetubun, M.A.H. et al. (2021), “Sistem Ekonomi Indonesia”, in: Widina Bhakti Persada Bandung, Widina Bhakti Persada Bandung.
• Lestari, P. (2009), “Efektivitas Pengaruh Besaran Biaya Promosi Dalam Penghimpunan Dana Pihak Ketiga”, Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah, 1(2), 1-32.
• Makruflis, M. (2019), “Pengukuran Kesehatan Bank Syariah berdasarkan Islmacity Performance Index (Studi Pada BMI dan BSM)”, IQTISHADUNA: Jurnal Ilmiah Ekonomi Kita, 8(2), 225-236.
• Margaretha, F. & Letty (2017), “Faktor-faktor yang memengaruhi kinerja keuangan perbankan Indonesia”, Jurnal Manajemen, 6(2), 84-96.
• Masruri, H.M.H. & I. Rossidy (2007), “Filsafat Sains dalam Al-Qur’an: Melacak Kerangka Dasar Integrasi Ilmu dan Agama”, El-Qudwah, 4, 1-24.
• Mawaddah, N. (2015), “Faktor-Faktor yang Mempengaruhi Profitabilitas”, Etikonomi, 14(2), 241-256.
• Metanfanuan, T. et al. (2021), “Konsep Pembangunan dan Pengembangan Desa Digital”, in: Pengantar Manajemen Potensi Desa.
• Muniarty, P. et al. (2020), Manajemen Perbankan, <www.penerbitwidina.com>, 17.10.2021.
• Nugraha, E. et al. (2020), “Maqashid Sharia Implementation in Indonesia and Bahrain”, Etikonomi, 19(1), 155-168.
• Nugroho, L. & A. Malik (2020), “Determinasi Kualitas Kredit Kepemilikan Rumah (KPR) Berdasarkan Perspektif Sumber Angsuran dan Rasio Fraud Account Officer”, Moneter, 7(1), 71-79.
• Nugroho, L. & H. Nezzim Bararah (2018), “Pengaruh Good Corporate Governance dan Biaya Operasional dan Pendapatan Operasional (BOPO) terhadap stabilitas keuangan bank umum syariah di Indonesia Tahun 2012-2017”, Jurnal Inovasi Dan Bisnis, 6(2), 160-169.
• Nugroho, L. & H.N. Bararah (2018), “Pengaruh Good Corporate Governance dan Biaya Operasional dan Pendapatan Operasional (BOPO) terhadap stabilitas keuangan bank umum syariah di Indonesia Tahun 2012-2017”, Inovbiz: Jurnal Inovasi Bisnis, 6(2), 160-169.
• Nugroho, L. & T.C. Husnadi (2014), “State-Owned Islamic Bank (BUMN) in Realizing The Benefit of Ummah (Maslahah) and Indonesia as Islamic Financial Center in The World”, in: 11th International Research Conference on Quality, Innovation and Knowledge Management. Bandung (p. 20).
• Nugroho, L. et al. (2017), “Islamic banking capital challenges to increase business expansion (Indonesia cases)”, International Journal of Commerce and Finance, 3(2), 1-10.
• Nugroho, L. et al. (2018), “The Challenges of Bad Debt Monitoring Practices in Islamic Micro Banking”, European Journal of Islamic Finance, 11, 1-11.
• Nugroho, L. et al. (2020), “Snapshot in Customer Deposit of Islamic Bank Religion, Age, and Gender as The Reflection of Pancasila Five Principles of Indonesia Nation”, Journal of Research in Business, 5(1), 74-95.
• Nugroho, L. et al. (2020), “The Determinant of Islamic Performance Ratio: Do Financing Deposit Ratio, Financing Quality, and Return on Asset Ratio Matters?”, Global Review of Islamic Economics and Business, 8(2), 113-122.
• Nugroho, L. et al. (2021), “Comparative Analysis of the Determinant Factors of Return on Assets between Islamic Commercial Banks (BUS) and Islamic Business Units (UUS)”, Jurnal Economia, 17(1), 124-140.
• Nugroho, L. et al. (2021), “What Determines Islamic Performance Ratio of Islamic Banking in Indonesia: An Analysis Using Financing Deposit to Ratio as Moderator”, SHARE: Jurnal Ekonomi Dan Keuangan Islam, 10(1), 104-123.
• Patriana, E. & Nurismalatri (2018), “Analisis Faktor Penentu Keputusan Konsumen Muslim Dalam Memilih Jasa Perbankan: Bank Syariah Vs Bank Konvensional”, Al-Masraf(Jurnal Lembaga Keuangan Dan Perbankan), 3(1), 53-61.
• Peterson, R.A. & J. Jeong (2010), “Exploring the impact of advertising and R&D expenditures on corporate brand value and firm-level financial performance”, Journal of the Academy of Marketing Science, 38(6), 677-690.
• Prajogo, D.I. & A. Oke (2016), “Human capital, service innovation advantage, and business performance”, International Journal of Operations & Production Management, 36(9), 974-994.
• Rahman, A.F. & R. Rochmanika (2012), “Pengaruh Pembiayaan Jual Beli, Pembiayaan Bagi Hasil, dan Rasio Non Performing Financing terhadap Profitabilitas Bank Umum Syariah di Indonesia”, IQTISHODUNA, 1(1), 1-20.
• Ryals, L. (2003), “Making customers pay: Measuring and managing customer risk and returns”, Journal of Strategic Marketing, 11(3), 165-175.
• Setiawati, E. et al. (2017), “Pengaruh Kecukupan Modal, Risiko Pembiayaan, Efisieni Operasional dan Likuiditas Terhadap Profitabilitas (Studi Pada Bank Syariah dan Bank Konvensional di Indonesia)”, Riset Akuntansi Dan Keuangan Indonesia, 2(2), 109-120.
• Shahinpoor, N. (2009), “The link between Islamic banking and microfinancing”, International Journal of Social Economics, 36(10), 996-1007.
• Soekapdjo, S. et al. (2018), “Bad Debt Issues in Islamic Bank: Macro and Micro Influencing (Indonesia Cases)”, International Journal of Commerce and Finance, 4(1), 10-26.
• Soekapdjo, S. et al. (2019), “Pengaruh Fundamental Ekonomi dan Kinerja Keuangan Terhadap Kredit Bermasalah Pada Bank Syariah Di Indonesia”, Ekonika: Jurnal Ekonomi Universitas Kadiri, 4(2), 126.
• Sudirman, A. (Acai ), et al. (2020), Perilaku Konsumen Dan Perkembangannya Di Era Digital, Widina Bhakti Persada Bandung.
• Sukmadilaga, C., & Nugroho, L. (2017), Pengantar Akuntansi Perbankan Syariah “Prinsip, Praktik dan Kinerja.” Pusaka Media, Bandar Lampung, Indonesia.
• Talavera, O. et al. (2018), “Age diversity, directors’ personal values, and bank performance”, International Review of Financial Analysis, 55, 60-79.
• Tsionas, M.G. (2016), “Parameters measuring bank risk and their estimation”, European Journal of Operational Research, 250(1), 291-304.
• Wan Ibrahim, W.H. & A.G. Ismail (2020), “Do Regulation, Maqasid Shariah and Institutional Parameter Improve Islamic Bank Efficiency?”, Journal of Islamic Monetary Economics and Finance, 6(1), 135-162.
• Waterman, A.M.C. (2006), “Economics as Theology: Adam Smith’s Wealth of Nations”, Southern Economic Journal, 68(4), 907.
• Widyaningrum, L. & D.F. Septiarini (2015), “Pengaruh Car, Npf, Fdr, Dan Oer Terhadap Roa Pada Bank Pembiayaan Rakyat Syariah di Indonesia”, Jurnal Ekonomi Syariah Teori Dan Terapan, 2(12), 970-985.
• Wijaya, E. & A. Kesumawardhani (2010), “Analisis Faktor-Faktor yang Mempengaruhi Outstanding Kredit Umum Pedesaaan (Kupedes) PT Bank Rakyat Indonesia (Persero)”, Media Ekonomi, 18(1), 65-84.
• Wiyanti, S. (2012), Beban operasional bank syariah belum efisien, <https://www.merdeka.com/uang/beban-operasional-bank-syariah-belum-efisien.html>, 17.10.2021.