Syariah Governance Pada Perbankan Syariah

2016 ◽  
Vol 1 (1) ◽  
pp. 1-15
Author(s):  
Joko Hadi Purnomo
Keyword(s):  
Corporate Governance ◽  
Financial Services ◽  
Supervisory Board ◽  
Internal Audit ◽  
Islamic Banks ◽  
Islamic Bank ◽  
External Monitoring ◽  
Research Activities ◽  
Good Corporate Governance ◽  
Shariah Governance

Shariah governance is concatenation of two concepts, these are the concept of good corporate governance and shariah compliance. The governance of banks applies the principle of transparency, accountability, responsibility, professionalism and fairness whereas shariah compliance is the duty of Islamic bank to meet compliance with Islamic principles. The operation of Islamic banks must strictly adhere to the provisions of shariah. The application of shariah governance is the implementation of good corporate governance principles and shariah compliance. The implementation of shariah governance in Islamic banks relies on surveillance covering all research activities, observation and measurement on the course of operations, both internally and externally. Based on the above background, author makes formulations of the problem; (a) how is the implementation of Shariah governance in Islamic bank?; (b) How is the supervision of the application of Shariah governance in Islamic bank?.  The purpose of this paper is to know the implementation of Shariah governance in Islamic banks and to know the supervision of the implementation of Shari'a governance in Islamic bank. The implementation of GCG in Islamic banking creates transparency to prevent fraud, conduct accountability with the system that controls the relationship between the organs of company, do responsibility, keep independence, and keep in touch with fairness. The application of sharia compliance at Islamic banks without riba in bank transactions, no vagueness (gharar) in bank transactions, there is no gambling (maisir) in bank transactions. Bank conducts business on the basis of allowed (halal) profits. Banks manage zakat, sadaqah, and infaq according to the shariah provisions. The implementation of sharia governance in Islamic banks relies on surveillance covering all research activities, observation and measurement on the course of the operation by using elements of the AGM, Board of Commissioner, Board of Auditor, Shariah Supervisory Board (DPS), Director of Compliance, Internal Audit, Internal Shari'a Reviewers of SKAI and external monitoring system consists of elements of the Financial Services Authority (OJK), Public Accountant, National Sharia Council (DSN) and Stakeholders.

scholarly journals Syariah Governance Pada Perbankan Syariah

2019 ◽  
Vol 1 (1) ◽  
Author(s):  
Joko Hadi Purnomo
Keyword(s):  
Corporate Governance ◽  
Financial Services ◽  
Supervisory Board ◽  
Internal Audit ◽  
Islamic Banks ◽  
Islamic Bank ◽  
External Monitoring ◽  
Research Activities ◽  
Good Corporate Governance ◽  
Shariah Governance

Shariah governance is concatenation of two concepts, these are the concept of good corporate governance and shariah compliance. The governance of banks applies the principle of transparency, accountability, responsibility, professionalism and fairness whereas shariah compliance is the duty of Islamic bank to meet compliance with Islamic principles. The operation of Islamic banks must strictly adhere to the provisions of shariah. The application of shariah governance is the implementation of good corporate governance principles and shariah compliance. The implementation of shariah governance in Islamic banks relies on surveillance covering all research activities, observation and measurement on the course of operations, both internally and externally. Based on the above background, author makes formulations of the problem; (a) how is the implementation of Shariah governance in Islamic bank?; (b) How is the supervision of the application of Shariah governance in Islamic bank?.  The purpose of this paper is to know the implementation of Shariah governance in Islamic banks and to know the supervision of the implementation of Shari'a governance in Islamic bank. The implementation of GCG in Islamic banking creates transparency to prevent fraud, conduct accountability with the system that controls the relationship between the organs of company, do responsibility, keep independence, and keep in touch with fairness. The application of sharia compliance at Islamic banks without riba in bank transactions, no vagueness (gharar) in bank transactions, there is no gambling (maisir) in bank transactions. Bank conducts business on the basis of allowed (halal) profits. Banks manage zakat, sadaqah, and infaq according to the shariah provisions. The implementation of sharia governance in Islamic banks relies on surveillance covering all research activities, observation and measurement on the course of the operation by using elements of the AGM, Board of Commissioner, Board of Auditor, Shariah Supervisory Board (DPS), Director of Compliance, Internal Audit, Internal Shari'a Reviewers of SKAI and external monitoring system consists of elements of the Financial Services Authority (OJK), Public Accountant, National Sharia Council (DSN) and Stakeholders.Keywords: Corporate, syariah, Governance

The practices of Shariah governance systems of Islamic banks in Bangladesh

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Md. Kausar Alam ◽  
Md. Mizanur Rahman ◽  
Fakir Tajul Islam ◽  
Babatunji Samuel Adedeji ◽  
Md. Abdul Mannan ◽  
...  
Keyword(s):  
Corporate Governance ◽  
Central Bank ◽  
Institutional Theory ◽  
Financial Services ◽  
Supervisory Board ◽  
Structured Interview ◽  
Islamic Banks ◽  
Content Type ◽  
Ontological Approach ◽  
Shariah Governance

Purpose The purpose of this study is to explore the practices of Shariah governance (SG) systems in terms of their guidelines, current operational procedures, internbal policies and structures and regulatory framework of Islamic banks in Bangladesh from the viewpoints of Shariah, Tawhidic approach/ontological approach and Shuratic process of Islamic corporate governance and institutional theory. Design/methodology/approach A semi-structured interview tactic has been applied to attain the objective. Overall, data has been collected from the regulators, Shariah supervisory board members, Shariah department executives and experts from the central bank and Islamic banks of Bangladesh. Findings The study finds that Islamic banks do not follow complete Shariah principles in all aspects of SG nor violate them fully in their overall functions due to less accountability, which contradicts the concept of the Tawhidi epistemological process of Islamic corporate governance. Islamic banks announce that they are following Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) guidelines, but in practice, they do not follow the instructions accurately because all of the standards and policies of AAOIFI and the Islamic Financial Services Board are not applicable in Bangladesh due to its cultural, legal and regulatory structures. It is found that Islamic banks in Bangladesh have a lower practice of maqasid as-Shariah and Tawhidic approach and Shuratic process. Research limitations/implications The study significantly contributed to the central bank of Bangladesh and Islamic banks by exploring the SG systems for their further enhancement. The research provides some suggestions for improving existing SG systems and enhancing more application of SG guidelines and Shariah principles in the overall operations of the Islamic banks in Bangladesh. Originality/value This research extends the literature regarding the Islamic banks’ SG practices in Bangladesh. The study also contributes to Shariah, Tawhidic approach/ontological approach and Shuratic process of Islamic corporate governance and institutional theory by exploring the Islamic banks’ existing SG practices in Bangladesh.

Good Corporate Governance Principles in Indonesian Syariah Banking

2020 ◽  
Vol 2 (1) ◽  
pp. 8-13
Author(s):  
Andrew Shandy Utama
Keyword(s):  
Corporate Governance ◽  
Financial Services ◽  
Islamic Law ◽  
Good Governance ◽  
Banking System ◽  
Supervisory Board ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Good Corporate Governance ◽  
Conventional Banks

Islamic banks are banks that carry out their business activities based on the principles of Islamic law in banking activities based on fatwas issued by the National Sharia Council of the Majelis Ulama Indonesia. This research aims to explain the principles of Good Corporate Governance in Islamic banking in Indonesia. The method used in this research is normative legal research. The results of the research explained that to maintain the trust of Indonesian people who are predominantly Muslim, Islamic banking must apply the principle of Good Corporate Governance in its management. The application of the principle of Good Corporate Governance in Islamic banking is strictly regulated in Article 34 Paragraph (1) of Law Number 21 of 2008, which emphasizes that Islamic banks must implement good governance that includes the principles of transparency, accountability, responsibility, professionalism and fairness in carrying out its business activities. Form of application of the principles of Good Corporate Governance in Islamic banking is supervision conducted by the National Sharia Council of the Majelis Ulama Indonesia in general and the Sharia Supervisory Board specifically in each Islamic bank. Based on data from the Financial Services Authority in 2017, currently there are 13 Islamic banks in Indonesia, 13 Islamic business unit of conventional banks, and 102 Islamic rural banks. This is evidence of the existence and development of Islamic banking that is significant in the national banking system.

scholarly journals Perbandingan Implementasi Prinsip Good Corporate Governance pada Bank Konvensional dan Bank Syariah

2016 ◽  
Vol 2 (1) ◽  
pp. 39-45
Author(s):  
Andrew Shandy Utama
Keyword(s):  
Corporate Governance ◽  
Financial Services ◽  
Supervisory Board ◽  
National Committee ◽  
Research Use ◽  
Islamic Banks ◽  
Good Corporate Governance ◽  
Conventional Banks ◽  
Relationship Of ◽  
The Relationship

Abstract: In principle, the relationship between the bank and its customers are saving money in the bank based on the relationship of trust, so that each bank is required to have to continue to maintain the level of health. Solutions that can be taken by the banks, both conventional banks and Islamic banks, to maintain the existence and level of health is with the implementation of the principles of good corporate governance. Therefore, it is interesting to examine the comparison of implementation of the principles of good corporate governance in conventional banks and Islamic banks. The method used in this study is a normative legal research. This research use approach legislation. The results showed that in essence, the implementation of the principles of good corporate governance in conventional banks and Islamic banks are the 'same', because it refers to the "Code of Good Corporate Governance Indonesian Banking" issued by the National Committee on Governance (NCG). The fundamental difference lies in Islamic principles used by Islamic banks. In addition to guided and supervised by the Financial Services Authority as conventional banks, Islamic banks are also supervised by the National Sharia Board MUI and Sharia Supervisory Board who served in each Islamic bank. Keywords: The Principles of Good Corporate Governance

scholarly journals Pengaruh Audit Internal dan Good Corporate Governance terhadap Kinerja Keuangan Perbankan Syariah

2021 ◽  
Vol 3 (2) ◽  
pp. 329-348
Author(s):  
Fauziah Fitri ◽  
Mayar Afriyenti
Keyword(s):  
Corporate Governance ◽  
Financial Performance ◽  
Financial Services ◽  
Audit Committee ◽  
Linear Regression Analysis ◽  
Supervisory Board ◽  
Internal Audit ◽  
Islamic Banking ◽  
Insignificant Effect ◽  
Good Corporate Governance

The aim of this study was to analyze the influence of internal audit and good corporate governance on financial performance of islamic banking in Indonesia. The data used in this study are annual reports of islamic banking listed on the Financial Services Authority (OJK) in the period 2014-2019. The method of taking data samples using purposive sampling method. Based on this method, a sample of 66 observations was obtained. Hypothesis testing in this study uses multiple linear regression analysis. The result show that internal audit has a positive and significant effect on financial performance, the board of directors has a positive but insignificant effect on financial performance, the board of commissioners has a negative and insignificant effect on financial performance, the audit committee has a positive and significant effect on financial performance, and the shariah supervisory board has a negative and insignificant effect on financial performance.

scholarly journals How Do Sharia Supervisory Board and Good Corporate Governance Relate to Islamic Banks Performance?

2021 ◽  
Vol 10 (2) ◽  
pp. 234
Author(s):  
Rustam Hanafi ◽  
Abdul Rohman ◽  
Dwi Ratmono
Keyword(s):  
Corporate Governance ◽  
Financial Services ◽  
Doctoral Education ◽  
Positive Relationship ◽  
Supervisory Board ◽  
Educational Background ◽  
Islamic Banks ◽  
Significant Positive Relationship ◽  
Good Corporate Governance ◽  
The Board Of Directors

This study aims to investigate the relationship between the characteristics of the Sharia Supervisory Board (SSB) and Good Corporate Governance (GCG) on the performance of Islamic Banks (IBs). Data were collected from 14 IBs listed on the Financial Services Authority (OJK) during 2013–2019. The multiple regression results empirically show that SSB with the academic position as professor shows a significant positive relationship on IBs performance. Meanwhile, SSB with doctoral education has no positive relationship with IBs performance. Although it is not positively correlated, doctoral education is still needed but with a background in law or sharia education, economics including finance or accounting, and muamalah. Educational background is proven to have a significant positive relationship with IBs' performance. Meanwhile, SSB, which only has a finance or accounting background, does not positively affect IBs' performance. In addition, GCG shows a very significant positive relationship with the IBs' performance. It indicates that effective and efficient governance by the Board of Directors, Board of Commissioners, and SSB through implementing better GCG and sharia principles will improve IBs performance.==========================================================================================================ABSTRAK – Bagaimana Kaitan Dewan Pengawas Syariah dan Good Corporate Governance dengan Kinerja Bank Syariah? Penelitian ini bertujuan untuk mengetahui hubungan antara karakteristik Dewan Pengawas Syariah (DPS) dan Good Corporate Governance (GCG) terhadap kinerja Bank Syariah (BS) di Indonesia. Data dikumpulkan dari 14 BS yang terdaftar di OJK selama periode 2013-2019. Berdasarkan hasil regresi berganda secara empiris menunjukkan bahwa DPS yang memiliki jabatan akademik sebagai profesor menunjukkan hubungan positif yang signifikan dengan kinerja BS. Sedangkan DPS dengan pendidikan doktor tidak memiliki hubungan positif dengan kinerja BS. Walaupun tidak berkorelasi positif, pendidikan doktor tetap diperlukan tetapi dengan latar belakang pendidikan hukum atau syariah, ekonomi termasuk keuangan atau akuntansi, dan muamalah. Karena latar belakang pendidikan tersebut terbukti memiliki hubungan positif yang signifikan dengan kinerja BS. Sedangkan DPS yang hanya berlatar belakang keuangan atau akuntansi tidak menunjukkan hubungan positif dengan kinerja BS. Selain itu, GCG menunjukkan hubungan positif yang sangat signifikan dengan kinerja BS. Hal ini menunjukkan bahwa tata kelola yang efektif dan efisien oleh Dewan Direksi, Dewan Komisaris, dan DPS melalui penerapan prinsip-prinsip GCG dan syariah yang lebih baik akan meningkatkan kinerja BS.

Pengaruh Dewan Direksi, Dewan Komisaris Independen. Kepemilikan Manajerial, Kepemilikan Institusional, Dan Dewan Pengawas Syariah Terhadap No Performing Financing (Studi Kasus Pada Bank Umum Syariah Yang Terdaftar Di OJK Periode 2015-2019)

2021 ◽  
Vol 2 (2) ◽  
Author(s):  
Yugi Maheswari ES ◽  
Iwan Fakhruddin ◽  
Azmi Fitriati ◽  
Bima Cinintya Pratama
Keyword(s):  
Corporate Governance ◽  
Board Of Directors ◽  
Commercial Bank ◽  
Financial Services ◽  
Supervisory Board ◽  
Secondary Data ◽  
Institutional Ownership ◽  
Managerial Ownership ◽  
Good Corporate Governance ◽  
The Board Of Directors

Tujuan penelitian ini untuk mengetahui pengaruh penerapan Good Corporate Governance (GCG) yang diproksikan oleh dewan direksi, dewan komisaris independen, kepemilikan manajerial, kepemilikan institusional, dan dewan pengawas syariah terhadap risiko pembayaran yang diukur dengan rasio Non Performing Financing (NPF) pada Bank Umum Syariah. Populasi penelitian adalah Bank Umum Syariah Yang Terdaftar di Otoritas Jasa Keuangan. Data yang digunakan adalah data sekunder berupa laporan tahunan Bank Umum Syariah periode 2015-2019. Sampel yang dikumpulkan adalah 14 bank syariah sebayak 70 data. Hasil penelitian menunjukkan bahwa dewan direksi berpengaruh negative erhadap NPF. Dewan komisaris independen, kepemilikan manajerial, kepemilikan institusional, dan dewan pengawas syariah tidak berpengaruh terhadap NPF.  The purpose of this study is to determine the effect of the implementation of Good Corporate Governance (GCG) which is proxied by the board of directors, the board of independent commissioners, managerial ownership, institutional ownership, and the sharia supervisory board against payment risk as measured by the Non Performing Financing (NPF) ratio at the Bank Sharia General. The study population was a Sharia Commercial Bank Registered at Financial services Authority. The data used was secondary data in the form of reports annual Sharia Commercial Bank for the period 2015-2019. The samples collected were 14 Islamic banks as much as 70 data. The results showed that the board of directors has a negative effect on NPF. Independent board of commissioners, managerial ownership, institutional ownership, and sharia supervisory board have no effect on NPF.

scholarly journals ANALISIS PERBANDINGAN BANK SYARIAH NON DEVISA DAN BANK SYARIAH DEVISA DITINJAU DARI KINERJA FUNGSI BISNIS DAN FUNGSI SOSIAL DENGAN METODE RGEC DAN SHARIA CONFORMITY INDIACTOR PERIODE 2011 – 20151)

2019 ◽  
Vol 5 (3) ◽  
pp. 247
Author(s):  
Zain Nahdi Baldina ◽  
Achsania Hendratmi
Keyword(s):  
Corporate Governance ◽  
Business Performance ◽  
Social Performance ◽  
Risk Profile ◽  
Annual Reports ◽  
Islamic Banks ◽  
Whitney Test ◽  
Islamic Bank ◽  
Good Corporate Governance ◽  
Test Result

This study aims to compare and see the differences between foreign Islamic bank and non-foreign Islamic bank using method RGEC (Risk Profile, Good Corporate Governance, Earnings, and Capital). This study examines the comparison in business and social performance of four foreign Islamic banks and six non-foreign Islamic banks. The collection of data in this study was done by collecting all the annual reports of banks that has been created as a sample over the period 2011-2015.The test result of the Independent Samples T-test and Mann Whitney Test showed there was no differences in the business performance of foreign Islamic banks exchange with Non-foreign Islamic Bank exchange as seen from the aspect of Risk profile (FDR), GCG, and Earnings (ROA). While there were differences of business and social performance as seen from Earnings (ROE), capital (CAR), and Sharia Conformity Indicator (PSR and ZR) aspects

scholarly journals PELAKSANAAN FUNGSI PENGAWASAN DEWAN PENGAWAS SYARIAH PADA BANK SYARIAH DI KOTA MAKASSAR

2021 ◽  
Vol 3 (1) ◽  
pp. 1-5
Author(s):  
Abdurrahman Rahman ◽  
Baso Madiong ◽  
Zulkifli Makkawaru
Keyword(s):  
Supervisory Board ◽  
Internal Audit ◽  
Descriptive Study ◽  
Qualitative Approach ◽  
Islamic Banks ◽  
Business Unit ◽  
Good Corporate Governance ◽  
Periodic Monitoring ◽  
Indirect Supervision ◽  
Collection Methods

Penelitian ini bertujuan untuk mengetahui pelaksanaan fungsi pengawasan Dewan Pengawas Syaraiah (DPS) pada bank syariah serta kendala yang dihadapi DPS dalam melaksanakan fungsi pengawasan pada bank syariah. Jenis penelitian yang digunakan adalah penelitian deskriptif dengan pendekatan kualitatif. Lokasi penelitian di Unit Usaha Syariah (UUS) Bank Sulselbar yang berada di Kota Makassar. Responden penelitian ini adalah anggota DPS di UUS Bank Sulselbar. Metode pengumpulan data menggunakan teknik wawancara dan kepustakaan. Hasil penelitian menunjukan bahwa pelaksanaan fungsi pengawasan DPS di UUS Bank Sulselbar telah cukup optimal. Bentuk pengawasan DPS terdiri dari pengawasan on-site (pengawasan langsung) dan off-site (pengawasan tidak langsung). Pengawasan DPS meliputi; menganalisa laporan hasil audit internal dan fungsi kepatuhan untuk pemenuhan prinsip-prinsip syariah atas kegiatan penghimpunan dana dan penyaluran dana serta pelayanan jasa bank, melakukan uji petik, memberikan saran dan opini syariah, melaksanakan rapat dan kajian internal, serta membuat laporan pengawasan secara periodik. Adapun kendala pelaksanaan fungsi pengawasan DPS yakni kurangnya sumber daya insani (SDI) di bank syariah, serta belum maksimalnya penerapan Good Coorporate Governance (GCG) oleh DPS. This study aims to determine the implementation of the supervisory function of Sharia Supervisory Board (DPS) in Islamic banks as well as the obstacles faced by DPS in carrying out the supervisory function in Islamic banks. This type of research is a descriptive study with a qualitative approach. The location of the study is in the Sulselbar Bank Syariah Business Unit (UUS) located in Makassar City. The respondents of this study were DPS members at the Sulselbar Bank UUS. Data collection methods using interview techniques and literature. The results of the study showed that the implementation of the DPS supervision function at UUS Bank Sulselbar was quite optimal. The form of DPS supervision consists of on-site supervision (direct supervision) and off-site (indirect supervision). Supervision of SSB includes; analyzing reports on the results of internal audit and compliance functions to fulfill sharia principles for fundraising and distribution of funds and bank services, conducting sampling tests, providing sharia advice and opinions, conducting internal meetings and studies, and making periodic monitoring reports. The obstacles to the implementation of the supervisory function of the DPS are a lack of human resources (SDI) in Islamic banks, and not yet the maximum implementation of Good Corporate Governance (GCG) by DPS.

scholarly journals The Influence of Islamic Corporate Governance on The Performance of Maqashid Sharia in Sharia Banking in Indonesia

2020 ◽  
Vol 9 (2) ◽  
pp. 88-94
Author(s):  
Ria Safitri ◽  
Hasan Mukhibad
Keyword(s):  
Corporate Governance ◽  
Financial Services ◽  
Sampling Method ◽  
Supervisory Board ◽  
Sampling Technique ◽  
Analysis Data ◽  
Education Level ◽  
Islamic Bank ◽  
Board Of Director ◽  
Units Of Analysis

This study aims to examine the effect of Islamic Corporate Governance (ICG) that consist of Sharia Supervisory Board (SSB) which is measured using education level, ratio of independent commissioners, and board of director meetings on maqashid sharia performance. The population in this study was Islamic Bank listed on the Financial Services Authority (FSA) in 2013-2018 as many as 11 Islamic Banks. The sampling technique used in this study was purposive sampling method and obtained as many as 54 units of analysis. Data collection used documentation technique. The analytical method used in this study was panel data regressions using Eviews 9. The results of the study indicate that Sharia Supervisory Board (SSB) which is measured using education level, ratio of independent commissioners, and board of director meeting of board do not have effect on maqashid sharia performance. The conclusion of this research is that maqashid sharia performance of Indonesian Islamic Bank just 34.138 %, that means maqashid sharia has not been a target priority in Indonesian Islamic Bank. Thus, the factors examined have not been optimized yet for achieving the goal of sharia (maqashid sharia).

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