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Journal : Jurnal International Economic Sharia

Unveiling the Impact of Good Corporate Governance and Temporary Shirkah Funds on Maqashid Shariah Performance Dwianto, Agus; Qurrota A'yun, Annisa; Hardina, Lulu; Arum, Nurlita; Karmila, Yusri
Journal International Economic Sharia Vol. 1 No. 1 (2024): June
Publisher : Inovasi Analisis Data

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.69725/jies.v1i1.40

Abstract

This study investigates the influence of Good Corporate Governance (GCG) and Temporary Shirkah Fund (TSF) on the performance of Maqashid Shariah in Islamic banks in Indonesia from 2018 to 2023. Using secondary data analysis, the study employs regression analysis to test the hypotheses. The findings reveal that neither Good Corporate Governance nor TSF significantly affects the performance of Maqashid Shariah during the study period. These results are consistent with previous research indicating a lack of significant impact Good Corporate Governance and TSF on Maqashid Shariah performance in Islamic banks. The discussion suggests that the implementation of Good corporate governance may not directly translate into improved Maqashid Shariah performance due to potential misalignment between governance practices and Shariah principles. Moreover, the study highlights the importance of further research and enhanced implementation of Good Corporate Governance and TSF practices to promote the achievement of Maqashid Shariah objectives in Islamic banking institutions. This research contributes to the ongoing discourse on corporate governance and Shariah compliance in Islamic finance and provides insights for policymakers, regulators, and practitioners aiming to strengthen governance frameworks and enhance Shariah-based performance in Islamic banks
Implementation of Freedom in Islamic Economics Karmila, Yusri; Wahab, Abdul; Sabbar, Sabbar; Bado, Basri
Journal International Economic Sharia Vol. 1 No. 1 (2024): June
Publisher : Inovasi Analisis Data

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.5281/zenodo.11524452

Abstract

Freedom in liberal and Islamic economic systems is interesting to study. This research aims to explore the implementation of freedom in Islamic economics. This research describes this phenomenon as it exists according to the point of view or approach used. Documentation techniques are used to collect data in the form of the Al-Qur'an, books and articles referenced from online, print and internet journals. Data collection is carried out to obtain materials that are relevant, accurate and reliable. This research is qualitative research in which the research procedures produce descriptive data in both written and verbal form from the object under study. The data that has been collected is then analyzed and concluded deductively, namely drawing conclusions from general statements to specific statements. It is concluded that the implementation of the concept of freedom in the Islamic economic system can be explained in two perspectives, namely: the theological perspective and the ushul fiqh perspective. Meanwhile, the implementation of freedom in the Islamic economic system is freedom in morals, namely morals in consumption, morals in production, and morals in distribution. Even though there is freedom in the Islamic economy, there are still limitations to Islamic law that must be obeyed.