Green Accounting and Maqasid-ESG for Sustainable Islamic Banking Performance

Maulana Ihsan Yusufi Suyatno (Accounting, Sekolah Tinggi Ilmu Ekonomi Totalwin, Semarang)
Andi Sri Wahyuni (Research Center, Faculty of Economics and Business Administration, University of Szeged, Hungary)
Anisa Kusumawardani (Accounting, Sekolah Tinggi Ilmu Ekonomi Totalwin, Semarang, Indonesia)

Jurnal Akuntansi
Vol. 30 No. 3 (2026): September-December 2026

This study develops an integrated framework for sustainable performance in Islamic banking by combining green accounting, environmental management accounting (EMA), Maqasid-ESG integration, stakeholder involvement, and Islamic corporate governance. A sequential exploratory mixed-methods design was used. Delphi and Analytic Network Process procedures involving 12 experts identified and prioritized green banking indicators, followed by a survey of 70 managers from Islamic Commercial Banks and Islamic Business Units in Indonesia analyzed using PLS-SEM. The results show that green accounting positively affects sustainable performance, while EMA provides complementary partial mediation. Maqasid-ESG integration has the strongest direct effect. Stakeholder involvement strengthens the effect of green accounting, and Islamic corporate governance strengthens the effect of Maqasid-ESG integration. The model explains 60per cent of the variance in sustainable performance. The findings provide a multidimensional basis for integrating financial, social, environmental, spiritual, and technological indicators into sustainability measurement and governance in Islamic banks.