International Journal of Islamic Business and Economics (IJIBEC)
Vol 4 No 1 (2020): IJIBEC VOL. 4 NO. 1 JUNE 2020

The Effect of the Sharia Supervisory Board Characteristics on Maqashid Sharia Index

Salman, Kautsar Riza (Unknown)
Kurniasari, Meilynda (Unknown)



Article Info

Publish Date
30 Jun 2020

Abstract

The purpose of this study is to obtain empirical evidence regarding the influence of the characteristics of the Sharia Supervisory Board on the maqashid sharia index on sharia banks in Indonesia. The variables used in this study are the characteristics of the sharia supervisory board and maqashid sharia index. The characteristics of sharia supervisory boards are the educational background of sharia supervisory boards, number of sharia supervisory board meetings, concurrent positions of sharia supervisory boards, and indicators of the number of sharia supervisory boards. The maqashid sharia index uses indicators of welfare (maal), education (tahdzib al fard), and justice ('adl). The data used are secondary data in the form of annual reports of Islamic banks in Indonesia for a 5 years period (2013-2017). The research sample of eleven Islamic banks. Data analysis technique used is Partial Least Square (PLS). The findings of the study were successful in proving the negative influence of the number and educational background of the sharia supervisory board on the maqashid sharia index.

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Journal Info

Abbrev

IJIBEC

Publisher

Subject

Economics, Econometrics & Finance

Description

International Journal of Business and Islamic Economics (IJIBEC) is an international journal providing authoritative source of scientific information for researchers and scholars in academia, research institutions, government agencies, and industries. ISSN IJIBEC is 2599-3216 and Online is ...