MALIA: Journal of Islamic Banking and Finance
Vol 6, No 2 (2022): Malia: Journal of Islamic Banking and Finance

The Measurement of The Financial Performance of Islamic Commercial Banks in Indonesia With The Maqashid Sharia Index and Comparative Performance Index Approach

Efri Syamsul Bahri (Sekolah Tinggi Ekonomi Islam SEBI (STEI SEBI))
Frida Tis’a Zam-zamiyah (Sekolah Tinggi Ekonomi Islam SEBI (STEI SEBI))
Nursanita Nasution (Sekolah Tinggi Ilmu Ekonomi Indonesia)



Article Info

Publish Date
31 Dec 2022

Abstract

This study aims to measure the financial performance of Islamic commercial banks in Indonesia with the Maqashid Sharia Index and Comparative Performance Index. The research design uses quantitative data using numerical data. Data were obtained from 5 Islamic commercial banks using the purposive sampling method from 2016-2019. The data analysis used the Maqashid Syariah Index and the Comparative Performance Index. This study found that Bank Rakyat Indonesia Sharia (BRIS) with the highest achievement of the Maqashid Syariah Index was 1.0881. Then, Bank Sharia Mandiri (BSM) has the lowest achievement, with a value of 0.9238. Based on the CAMEL measurement, the bank with the highest achievement was Bank Negara Indonesia Sharia (BNIS), 144.87%. At the same time, the lowest achievement was Bank Muamalat Indonesia (BMI) at 55.61%. Therefore, the merger of BSM, BNIS, and BRIS, is expected to improve the performance of the maqashid sharia index and Comparative Performance Index. Likewise, Bank Muamalat, as the first pure sharia bank, can rise and improve the performance of the sharia maqashid index and CAMEL.

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Journal Info

Abbrev

syirkah

Publisher

Subject

Economics, Econometrics & Finance

Description

MALIA: Journal of Islamic Islamic and Finance publishes articles with two related to themes; Islamic banking and finance. The first major theme is the Islamic Banking. The study of Islamic banking include all submissions related to Islamic banking, be it management, marketing, accounting, product, ...