Analisis Laporan Keberlanjutan Studi Komparasi Bank Syariah Indonesia dan Maybank Islamic Berhad 2019-2022

Fitranty Adirestuty, Rumaisah Azizah Al Adawiyah, Ririn Tri Ratnasari, Indah Nur Chazanah, Syaiful Muhammad Irsyad

Abstract


This study emphasizes the importance of focusing on the sustainability and alignment of Sharia compliance disclosures in the context of Islamic Financial Institutions. Sustainability reporting is becoming increasingly crucial in the financial sector due to growing awareness of global environmental, social, and governance (ESG) issues. The initiative encourages Islamic Financial Institutions (IFIs) to increase transparency and accountability in their sustainability practices.

This study tries explicitly to compare the Sustainability Report Analysis between Bank Syariah Indonesia and Maybank Islamic Berhad for 2019-2022. In this way, the study provides a deeper understanding of how these two institutions manage sustainability and disclosure of Sharia compliance.

By aligning Sharia compliance with sustainability goals, IFIS can actively create a more responsible and ethical financial sector. This will contribute to broader sustainable development efforts, including sustainable economic growth, environmental protection, and Social Empowerment.

This kind of research is essential to ensure that IFIs and other financial institutions understand and adhere to sustainability and Sharia compliance in a balanced manner to balance financial, ethical, and sustainability goals in their services to society.

Keywords


Bank, CSP, ESG, IFIS, Sustainability Reporting

Full Text:

PDF

References


Alam, M. M., Akbar, C. S., Shahriar, S. M., & Elahi, M. M. (2017). The Islamic Shariah principles for investment in stock market. Qualitative Research in Financial Markets, 9(2), 132–146. https://doi.org/10.1108/QRFM-09-2016-0029

Ammar, R., Rebai, S., & Saidane, D. (2023). Toward the development of an Islamic banking sustainability performance index. International Journal of Islamic and Middle Eastern Finance and Management, 16(4), 734–755. https://doi.org/10.1108/IMEFM-12-2021-0479

Anthony Jnr, B., Abdul Majid, M., & Romli, A. (2019). Green information technology adoption towards a sustainability policy agenda for government-based institutions: An administrative perspective. Journal of Science and Technology Policy Management, 10(2), 274–300. https://doi.org/10.1108/JSTPM-11-2017-0056

Belal, A. R., Abdelsalam, O., & Nizamee, S. S. (2015). Ethical Reporting in Islami Bank Bangladesh Limited (1983–2010). Journal of Business Ethics, 129(4), 769–784. https://doi.org/10.1007/s10551-014-2133-8

Bhatia, A., & Tuli, S. (2018). Sustainability reporting practices in US and UK: an empirical comparison. International Journal of Law and Management, 60(4), 1034–1056. https://doi.org/10.1108/IJLMA-04-2017-0102

Buallay, A., Fadel, S. M., Al-Ajmi, J. Y., & Saudagaran, S. (2020). Sustainability reporting and performance of MENA banks: is there a trade-off? Measuring Business Excellence, 24(2), 197–221. https://doi.org/10.1108/MBE-09-2018-0078

Budi, I. S., Rahmawati, R., Falikhatun, F., Muthmainah, M., & Gunardi, A. (2019). Financial Performance Mediation in the Influence of Islamic Corporate Governance Disclosure on the Islamic Social Reporting. Indonesian Journal of Sustainability Accounting and Management, 3(1), 75. https://doi.org/10.28992/ijsam.v3i1.77

Bukhari et al. (2020). No Title.

Bursa Malaysia Securities Berhad. (2015). No Title.

Castaldo, S., Perrini, F., Misani, N., & Tencati, A. (2009). The missing link between corporate social responsibility and consumer trust: The case of fair trade products. Journal of Business Ethics, 84(1), 1–15. https://doi.org/10.1007/s10551-008-9669-4

Eccles, R. G., & Krzus, M. P. (2015). Models of Best Practice in Integrated Reporting 2015. Journal of Applied Corporate Finance, 27(2), 103–115.

El Ghoul, S., Guedhami, O., Kwok, C. C. Y., & Mishra, D. R. (2011). Does corporate social responsibility affect the cost of capital? Journal of Banking & Finance, 35, 2388–2406.

El-Halaby, S., & Hussainey, K. (2015). The Determinants of Social Accountability Disclosure: Evidence from Islamic Banks around the World. International Journal of Business, 20(3), 202.

Ananda, F. R., & Yusnaini. (2023). The Effect Of Board Of Commissioners And Board Of Directors On Sustainability Report Disclosure In Companies Registered On The IDX 2020 Pengaruh Dewan Komisaris Dan Dewan Direksi Terhadap Pengungkapan Sustainability Report Pada Perusahaan Yang Terdaftar Di Bursa Efek Indonesia Periode 2020. Management Studies and Entrepreneurship Journal, 4(1), 1014–1021. http://journal.yrpipku.com/index.php/msej

Hanic, & Smolo. (2022). No Title.

Haniffa, R., & Hudaib, M. (2007). Exploring the ethical identity of Islamic Banks via communication in annual reports. Journal of Business Ethics, 76(1), 97–116. https://doi.org/10.1007/s10551-006-9272-5

Jan, A. A., Lai, F. W., & Tahir, M. (2021). Developing an Islamic Corporate Governance framework to examine sustainability performance in Islamic Banks and Financial Institutions. Journal of Cleaner Production, 315. https://doi.org/10.1016/j.jclepro.2021.128099

Jan, A., Marimuthu, M., & Pisol, M. (2019). The Nexus of Sustainability Practices and Financial Performance: from the Perspective of Islamic Banking. Journal of Cleaner Production. https://doi.org/10.1016/j.jclepro.2019.04.208

Jan, A., Mata, M. N., Albinsson, P. A., Martins, J. M., Hassan, R. B., & Mata, P. N. (2021). Alignment of islamic banking sustainability indicators with sustainable development goals: Policy recommendations for addressing the covid-19 pandemic. Sustainability (Switzerland), 13(5), 1–38. https://doi.org/10.3390/su13052607

Jan, A., Rahman, H. U., Zahid, M., Salameh, A. A., Khan, P. A., Al-Faryan, M. A. S., Che Aziz, R. B., & Ali, H. E. (2023). Islamic corporate sustainability practices index aligned with SDGs towards better financial performance: Evidence from the Malaysian and Indonesian Islamic banking industry. Journal of Cleaner Production, 405(December 2022), 136860. https://doi.org/10.1016/j.jclepro.2023.136860

Jo, H., & Harjoto, M. A. (2011). Corporate Governance and Firm Value: The Impact of Corporate Social Responsibility. Journal of Business Ethics, 103(3), 351–383. https://doi.org/10.1007/s10551-011-0869-y

Khansa, & Violita. (2021). .

Khattak, M. A. (2021). Corporate Sustainability and Financial Performance of Banks in Muslim Economies: The Role of Institutions. Journal of Public Affairs, 21(1), e2156. https://doi.org/https://doi.org/10.1002/pa.2156

Kurniasari, D., Lubis, A. T., & Kamal, M. (2019). Determinasi Pengungkapan Sharia Compliance Berdasarkan Standar AAOFI Pada Bank Syariah Di Asia Tenggara. Jurnal Akuntansi Dan Keuangan Islam, 7(2), 103–120.

Liang, L. W., Chang, H. Y., & Shao, H. L. (2018). Does sustainability make banks more cost efficient? Global Finance Journal, 38(May), 13–23. https://doi.org/10.1016/j.gfj.2018.04.005

Margolis, J. D., & Walsh, J. P. (2003). Misery Loves Companies: Rethinking Social Initiatives by Business. Administrative Science Quarterly.

Mohammed, R., Alwi, K., Zuriana, C., & Jamil, M. (2009). Sustainability Disclosure among Malaysian Shari’ah-Compliant listed Companies: Web Reporting. In Issues in Social and Environmental Accounting (Vol. 3, Issue 2).

Ramadhani, D. (2019). Understanding Environment, Social and Governance (ESG) Factors as Path Toward ASEAN Sustainable Finance. Asia Pacific Management and Business Application, 007(03), 147–162. https://doi.org/10.21776/ub.apmba.2019.007.03.2

Samy, M., Odemilin, G., & Bampton, R. (2010). Corporate social responsibility: A strategy for sustainable business success. An analysis of 20 selected British companies. Corporate Governance, 10(2), 203–217. https://doi.org/10.1108/14720701011035710

Sawani, Y., Mohamed Zain, M., & Darus, F. (2010). Preliminary insights on sustainability reporting and assurance practices in Malaysia. Social Responsibility Journal, 6(4), 627–645. https://doi.org/10.1108/17471111011083482

Setyono, J. (2015). Good Governance Dalam Perspektif Islam (Pendekatan Ushul Fikih: Teori Pertingkatan Norma). Muqtasid: Jurnal Ekonomi Dan Perbankan Syariah, 6(1), 25. https://doi.org/10.18326/muqtasid.v6i1.25-40

So, I. G., Haron, H., Gui, A., Princes, E., & Sari, S. A. (2021). Sustainability reporting disclosure in islamic corporates: Do human governance, corporate governance, and it usage matter? Sustainability (Switzerland), 13(23). https://doi.org/10.3390/su132313023

Sobhani, F. A., Amran, A., & Zainuddin, Y. (2012). Sustainability disclosure in annual reports and websites: A study of the banking industry in Bangladesh. Journal of Cleaner Production, 23(1), 75–85. https://doi.org/10.1016/j.jclepro.2011.09.023

Tauringana, V. (2021). Sustainability reporting adoption in developing countries: managerial perception-based determinants evidence from Uganda. Journal of Accounting in Emerging Economies, 11(2), 149–175. https://doi.org/10.1108/JAEE-07-2020-0184

Tsang et al. (2023). No Title.

Weerakkody, V., Sivarajah, U., Mahroof, K., Maruyama, T., & Lu, S. (2021). Influencing subjective well-being for business and sustainable development using big data and predictive regression analysis. Journal of Business Research, 131, 520–538. https://doi.org/10.1016/j.jbusres.2020.07.038

Yusoff, H., Darus, F., Fauzi, H., Purwanto, Y., Akuntansi, P., Mara, U. T., Akuntansi, P., Indonesia, L., Ekonomi, F., & Maret, U. S. (2013). Menjelajahi Praktik Pelaporan Lingkungan Islam Bank : Kasus Malaysia dan Indonesia. 440–445.

Zain, M. M., Darus, F., & Ramli, A. (2015). Islamic Ethical Practices and the Marketplace: Evidence from Islamic Financial Institutions. Procedia Economics and Finance, 28(April), 266–273. https://doi.org/10.1016/s2212-5671(15)01110-7




DOI: http://dx.doi.org/10.29040/jiei.v10i1.11152

Refbacks

  • There are currently no refbacks.


Jurnal Ilmiah Ekonomi Islam, ISSN 2477-6157 l E-ISSN 2579-6534

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

web analytics

situs toto