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

  • Kautsar Riza Salman STIE Perbanas Surabaya Indonesia
  • Meilynda Kurniasari STIE Perbanas Surabaya Indonesia

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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Published
2020-06-30
How to Cite
SALMAN, Kautsar Riza; KURNIASARI, Meilynda. The Effect of the Sharia Supervisory Board Characteristics on Maqashid Sharia Index. International Journal of Islamic Business and Economics (IJIBEC), [S.l.], v. 4, n. 1, p. 51-62, june 2020. ISSN 2615-420X. Available at: <http://e-journal.iainpekalongan.ac.id/index.php/IJIBEC/article/view/2348>. Date accessed: 26 sep. 2020. doi: https://doi.org/10.28918/ijibec.v4i1.2348.