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Sharia supervisory board, maqasid syariah, and accounting-based performance: evidence from Indonesia

Author

Listed:
  • Hasan Mukhibad
  • Doddy Setiawan
  • Rahmawati
  • Mahameru Rosy Rochmatullah
  • Warsina

Abstract

Maqasid syariah is essential to evaluate the achievement of the Sharia implementation objectives. This research provides evidence of the influence of the maqasid syariah index and Sharia Supervisory Board (SSB) attributes on accounting performance. Data were obtained from the Indonesian Islamic banks and analysed using the panel data regression method. We find that the accounting-based performance was not affected by any of the SSB attributes. Maqasid syariah index was proven to have a positive and significant influence on Accounting-Based Performance. From the three indicators that we used in measuring the maqasid syariah, justice indicators had a significant positive influence on accounting-based performance. These results provided evidence that the high fulfilment of maqasid syariah through fair policies will improve bank accounting-based performance.

Suggested Citation

  • Hasan Mukhibad & Doddy Setiawan & Rahmawati & Mahameru Rosy Rochmatullah & Warsina, 2022. "Sharia supervisory board, maqasid syariah, and accounting-based performance: evidence from Indonesia," International Journal of Monetary Economics and Finance, Inderscience Enterprises Ltd, vol. 15(3), pages 213-231.
    • Handle: RePEc:ids:ijmefi:v:15:y:2022:i:3:p:213-231
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