Article Per Year (5 Year)
p-Index From 2021 - 2026
0.23
P-Index
This Author published in this journals
All Journal COUNT: Journal of Accounting, Business and Management
Muh Rifai Arsyad
Accounting Study Program, Faculty of Economics and Business, Universitas Samudra
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
THE EFFECT OF PROFIT SHARING RATIO, ZAKAT PERFORMANCE RATIO, AND SHARIA SUPERVISORY BOARD ON THE FINANCIAL PERFORMANCE OF ISLAMIC COMMERCIAL BANKS IN INDONESIA, 2020–2025 Abdur Rahman Hakim; Zulhilmi; Muh Rifai Arsyad
Count : Journal of Accounting, Business and Management Vol. 4 No. 2 (2026): COUNT: Journal of Accounting, Business and Management
Publisher : CV. Fahr Publishing

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.61677/count.v4i2.1104

Abstract

The effects of the Profit Sharing Ratio (PSR), the Zakat Performance Ratio (ZPR), and the size of the Sharia Supervisory Board (SSB) on the financial performance of Indonesian Islamic commercial banks (BUS), represented by Return on Assets (ROA), during 2020–2025. The consolidation of the industry following the consolidation into Bank Syariah Indonesia and the strengthening of Sharia governance regulation through OJK Regulation (POJK) No. 12/2023 and No. 2/2024 provide the contemporary background. A quantitative associative design was applied to secondary panel data from eight BUS over six years (48 observations). Panel regression was used, with the Chow test for model selection, classical assumption tests, and hypothesis testing based on White's HC1 robust standard errors to address heteroscedasticity. The Chow test favored the Common Effect Model (F = 2.225; p = 0.055). PSR, ZPR, and SSB size as a group significantly affect ROA (F = 4.348; p = 0.009; adjusted R² = 17.6%). Partially, ZPR (t = 4.235; p < 0.001) and SSB size (t = 3.336; p = 0.002) have significant positive effects on ROA, whereas PSR has no significant effect (t = -0.487; p = 0.629). These findings indicate that sharia social performance (zakat) and sharia governance are more decisive for Islamic bank profitability than the composition of profit and loss sharing financing in the post-pandemic and post-merger period. The study implies that regulators and BUS management should strengthen the role of the SSB and the transparency of zakat performance to improve financial results.
Co-Authors Abdur Rahman Hakim Zulhilmi