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Financial performance of islamic commercial banks: Integrating liquidity, profitability, and Maqashid al-Shariah framework Muhammad Ryan Fahlevi; M Fajar Rizky Heryanto; Nurul Mahmudah
Indonesia Accounting Research Journal Vol. 13 No. 4 (2026): June: Auditing, Finance, Accounting, Management
Publisher : Institute of Accounting Research and Novation (IARN)

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/iacrj.v13i4.616

Abstract

This study examines whether improvements in the financial performance of Islamic Commercial Banks are accompanied by progress in achieving maqashid al-shariah objectives. Previous studies have generally assessed Islamic banking performance using either conventional financial indicators or maqashid-based measures separately, with limited evidence on their relationship at the industry level. This study addresses this gap by integrating financial and maqashid performance within a single analytical framework. A descriptive quantitative approach was employed using secondary data from Islamic Banking Statistics published by the Financial Services Authority (OJK) for the period 2021–2025. Financial performance was evaluated using the Financing to Deposit Ratio (FDR) and Return on Assets (ROA), while maqashid performance was measured using the Maqashid Sharia Index (MSI). The findings indicate that FDR increased from 70.12% to 84.62% and ROA improved from 1.55% to 2.03%, reflecting stronger financial intermediation and operational efficiency. However, MSI fluctuated throughout the observation period, suggesting that financial improvement does not necessarily translate into proportional progress in maqashid achievement. Among the maqashid dimensions, Promoting Welfare showed the strongest performance, whereas Educating the Individuals and Establishing Justice remained relatively weaker. These findings highlight that financial and maqashid performance represent complementary but distinct dimensions of Islamic banking evaluation.
Pengaruh ROE, NPF, BOPO Terhadap Stock Price Pada PT Bank BTPN Syariah Tbk periode 2019-2024 Rezkiani Herlinda Pefriana; Reonika Puspita Sari; Muhammad Ryan Fahlevi
WADIAH Vol. 10 No. 2 (2026): Wadiah: Jurnal Perbankan Syariah
Publisher : Fakultas Ekonomi dan Bisnis Islam, UIN Syekh Wasil Kediri

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30762/wadiah.v10i2.3210

Abstract

This study aims to analyze the effects of Return on Equity (ROE), Non-Performing Financing (NPF), and Operating Expenses to Operating Income (BOPO) on the stock price of PT Bank BTPN Syariah Tbk for the period 2019–2024. Using an associative quantitative approach and multiple linear regression analysis, the results indicate that, individually, ROE has a significant positive effect, while NPF has a significant negative effect on stock prices. On the other hand, BOPO does not show a significant individual effect. Simultaneously, these three variables explain 57.1% of the variation in stock prices (based on the Adjusted R-Square value). This confirms that investors tend to focus their assessments on profitability and asset quality as the primary determinants of a company’s market value. The implications of this study suggest that bank management needs to improve profitability and maintain the quality of financing to strengthen investor confidence and support the stability of the company’s stock price.