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Evaluation of Islamic Commercial Bank Financial Performance Using Sharia Maqashid Index (SMI): The Role of DPS and Islamic Financing id Index (SMI) Pada Bank Umum Syariah Tahun 2018-2021

Islamic Economics and Finance Journal · Vol. 1 No. 1 (2025) · pp. 24–35

Published
2025-05-08
Publisher
Universitas Negeri Semarang
Language
eng

Abstract

The effect of the number of DPS members, DPS education level, DPS meeting frequency, profit-sharing financing, and qardh financing on the performance of maqashid sharia at Islamic Commercial Banks in Indonesia in 2018–2021. A quantitative approach was used with panel data from 11 Sharia Commercial Banks registered with the OJK during 2018–2021. The sample was selected using purposive sampling with 44 analysis units. The independent variables include the number of DPS members, DPS education level, DPS meeting frequency, profit-sharing financing, and qardh financing. The dependent variable is the performance of maqashid sharia as measured using the Sharia Maqashid Index (SMI). Data were obtained through documentation and analyzed using panel data regression through EViews 10. Based on the Chow and Hausman test, the best model used was the Fixed Effect Model (FEM). The results show that the number of DPS members, DPS education level, profit-sharing financing, and qardh financing do not significantly affect the performance of maqashid sharia. Only the frequency of DPS meetings has a significant positive effect on the performance. Therefore, Islamic banks need to increase the intensity of DPS meetings to strengthen the supervisory function and support achieving maqashid sharia objectives.

Keywords

Collaboration network of the authors

40 authors · 52 co-authorship links · showing the 40 most connected

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  • Bandung Islamic University
  • Mercu Buana University
  • Affiliation unknown
  • Different organisations
  • Same organisation
  • Affiliation unknown
  • Thicker line = more joint articles · bigger circle = more articles
Show as table
Co-authorOrganisationJoint articles
Surya RaharjaAffiliation unknown2
Niken Lady JunitaAffiliation unknown2
Abdul RohmanBandung Islamic University1
Ajeng Pangestuning PurwokoAffiliation unknown1
Bestari Dwi HandayaniAffiliation unknown1
Nanik Sri UtaminingsihAffiliation unknown1
Rizki Aulia RachmanAffiliation unknown1
Slamet RiyadiMercu Buana University1
Febrica Dewi ParamitaAffiliation unknown1
Mirza Nurdin NugrohoAffiliation unknown1
Rosyiqoh Haida LutfianaAffiliation unknown1
Sendyvia CandraAffiliation unknown1
Zayyinatul KhasanahAffiliation unknown1
Amanda Kyka MarharaniAffiliation unknown1
Yasin FadilAffiliation unknown1
Azizatul LaeliAffiliation unknown1
Dita MuktiningtyasAffiliation unknown1
Rizki RahmawatiAffiliation unknown1
Oki PrasantiAffiliation unknown1
Rauf Alvian PrasetyaAffiliation unknown1
Jalu Wicaksono ArdiAffiliation unknown1
Shinta WijayaningsihAffiliation unknown1
Margunani MargunaniAffiliation unknown1
Siti Fiki IkmahAffiliation unknown1
Tuti OktavianiAffiliation unknown1
Azizatul FikriyahAffiliation unknown1
Sri Rizky RahayuningtyasAffiliation unknown1
Dwi LestariAffiliation unknown1
Retno Ariyani Puji LestariAffiliation unknown1
Sari WidyastutiAffiliation unknown1
Nur BarokahAffiliation unknown1
Ika WahyuningsihAffiliation unknown1
Ahmad SehabuddinAffiliation unknown1
Ahmad SaerojiAffiliation unknown1
Maylia Pramono SariAffiliation unknown1
Atik Ul MussanadahAffiliation unknown1
Mei Saputra ArumawanAffiliation unknown1

Affiliations come from OpenAlex; journal OAI-PMH metadata carries none. Authors without an OpenAlex ID are matched by name, which can merge or split people.

Metadata source: OAI-PMH (metadata jurnal) https://journal.unnes.ac.id/journals/isefin/oai, first harvested 6 Nov 2026, last seen 8 Nov 2026.
Original metadata (oai_dc) 
<oai_dc:dc xmlns="http://www.openarchives.org/OAI/2.0/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:oai_dc="http://www.openarchives.org/OAI/2.0/oai_dc/" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.openarchives.org/OAI/2.0/oai_dc/  http://www.openarchives.org/OAI/2.0/oai_dc.xsd">
	<dc:title xml:lang="en">Evaluation of Islamic Commercial Bank Financial Performance Using Sharia Maqashid Index (SMI): The Role of DPS and Islamic Financing  id Index (SMI) Pada Bank Umum Syariah Tahun 2018-2021</dc:title>
	<dc:creator xml:lang="en">Sesaria Putri, Meidy </dc:creator>
	<dc:creator xml:lang="en">Yulianto, Agung</dc:creator>
	<dc:creator xml:lang="en">Nur Alya, Zahwa</dc:creator>
	<dc:subject xml:lang="en">Financial Performance</dc:subject>
	<dc:subject xml:lang="en">  Maqashid Sharia Index </dc:subject>
	<dc:subject xml:lang="en"> Sharia Supervisory Board </dc:subject>
	<dc:subject xml:lang="en"> Profit Sharing Financing</dc:subject>
	<dc:subject xml:lang="en">  Qardh Financing</dc:subject>
	<dc:description xml:lang="en">The effect of the number of DPS members, DPS education level, DPS meeting frequency, profit-sharing financing, and qardh financing on the performance of maqashid sharia at Islamic Commercial Banks in Indonesia in 2018–2021. A quantitative approach was used with panel data from 11 Sharia Commercial Banks registered with the OJK during 2018–2021. The sample was selected using purposive sampling with 44 analysis units. The independent variables include the number of DPS members, DPS education level, DPS meeting frequency, profit-sharing financing, and qardh financing. The dependent variable is the performance of maqashid sharia as measured using the Sharia Maqashid Index (SMI). Data were obtained through documentation and analyzed using panel data regression through EViews 10. Based on the Chow and Hausman test, the best model used was the Fixed Effect Model (FEM). The results show that the number of DPS members, DPS education level, profit-sharing financing, and qardh financing do not significantly affect the performance of maqashid sharia. Only the frequency of DPS meetings has a significant positive effect on the performance. Therefore, Islamic banks need to increase the intensity of DPS meetings to strengthen the supervisory function and support achieving maqashid sharia objectives. </dc:description>
	<dc:publisher xml:lang="en">Universitas Negeri Semarang</dc:publisher>
	<dc:date>2025-05-08</dc:date>
	<dc:type>info:eu-repo/semantics/article</dc:type>
	<dc:type>info:eu-repo/semantics/publishedVersion</dc:type>
	<dc:type xml:lang="en">Peer-reviewed Article</dc:type>
	<dc:format>application/pdf</dc:format>
	<dc:identifier>https://journal.unnes.ac.id/journals/isefin/article/view/22198</dc:identifier>
	<dc:source xml:lang="en">Islamic Economics and Finance Journal; Vol. 1 No. 1 (2025); 24-35</dc:source>
	<dc:language>eng</dc:language>
	<dc:relation>https://journal.unnes.ac.id/journals/isefin/article/view/22198/3943</dc:relation>
	<dc:rights xml:lang="en">Copyright (c) 2025 Islamic Economics and Finance Journal</dc:rights>
</oai_dc:dc>