Islamicity Performance Index in Measuring the Financial Performance of Indonesian Islamic Banks
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Abstract
The rapid growth of Islamic banking makes it necessary to measure the performance of Islamic banks using Islamic values as the basis. One method that can be used to evaluate the performance of Indonesian Islamic banks is the Islamicity Performance Index (IPI) method. This study aims to measure the financial performance of Indonesian Islamic Banks. This research design uses a quantitative descriptive approach. The data used in this study is the ratio of profit sharing ratio, zakat performance ratio, equitable distribution ratio, Islamic income vs non Islamic income ratio, Islamic investment vs Non- Islamic investment Ratio taken from the annual financial statements of Bank Syariah Indonesia Syariah in 2021-2024. The results of this study indicate that the performance of Bank Syariah Indonesia has not met all sharia standards. Of the 5 IPI ratios used, only 3 ratios consistently meet sharia criteria, namely the profit sharing ratio, Islamic investment vs. Non- Islamic investment ratio and Islamic income vs. Non- Islamic income ratio. While 2 ratios namely Equitable Distribution Ratio (EDR) and Zakat Performance Ratio (ZPR) do not meet the sharia criteria of IPI because there are still elements that are not in accordance with sharia principles.
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References
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Sadly, E. (2021). Analysis of the Performance of Islamic Commercial Banks in Indonesia Using the Islamicity Performance Index Approach for the 2014-2016 periods. International Journal for Educational and Vocational Studies, 3(2), 151. https://doi.org/10.29103/ijevs.v3i2.4543
Sari, W. (2021). Kinerja Keuangan (N. U. Rahmi (ed.); 1 ed.). UNPRI Press.
Sugiyono. (2018). Metode Penelitian Kuantitatif, Kualitatif dan R&D (2 ed.). PT. Alfabet.
Syafina, L., & Nurwani. (2021). Analisis Dana Zakat, Penerimaan Non Halal, dan Corporate Social Responsibility (CSR) Pada Bank Syariah Di Indonesia. JESI (Jurnal Ekonomi Syariah Indonesia), 11(2), 101. https://doi.org/10.21927/jesi.2021.11(2).101-107
Arafah, N. N., & Wijayanti, I. M. (2023). Pengaruh Islamicity Performance Index terhadap Kinerja Keuangan Bank Umum Syariah di Indonesia Periode 2017-2021. Jurnal Riset Ekonomi Syariah, 67–74. https://doi.org/10.29313/jres.v3i1.1790
Destiani, N. A., Juliana, & Cakhyaneu, A. (2021). Islamicity Performance Index Dalam Meningkatkan Profitabilitas Bank Syariah Indonesia. Coopetition: Jurnal Ilmiah Manajemen, XII(3), 301–312.
Fatmala, K., & Wirman. (2021). Pengaruh Islamicity Performance Index Dan Islamic Social Reporting Terhadap Kinerja. Invoice: Jurnal Ilmu Akuntansi, 3(1), 30–43.
Felani, H., Wahyuni, S., & Pratama, B. C. (2020). The Analysis Effect of Islamicity Performance Index on the Financial Performance of Sharia Commercial Banks in Indonesia. Journal of Economics Research and Social Sciences, 4(2), 129–139. https://doi.org/10.18196/jerss.v4i2.8389
Harahap, M. I., Imsar, & Dongoran, R. N. (2022). Pengaruh Sukuk Korporasi danTotal Aset Perbankan Syariah terhadap pertumbuhan ekonomi di Indonesia Tahun 2016-2020. Jurnal Ilmiah Ekonomi Islam, 8(1), 1074–1083. https://doi.org/http://dx.doi.org/10.29040
Hasibuan, N. F. A. (2020). Analisis Kinerja Keuangan dengan Profit Sensitivity Analysis Pada Perusahaan Telekomunikasi di Indonesia. Journal of Business and Economics Research (JBE)., 1 (2)(2), 215–219.
Ikhsan, M. H., Imsar, & Syahbudi, M. (2024). Comparative Analysis Of The Succsess Of The Islamic Economy A Historical Study OF The Economic Reforms Of Abdul Malik Bin Marwan And Umar Bin Abdul Aziz. Jurnal PAMATOR, 17(2), 225–240.
Imsar, Anggraini, T., & Rambe, J. H. (2024). Analysis of Priority Banking Officer (Pbo) Marketing Strategy in Increasing the Number of Priority Customers Viewed From a Maqashid Syariah Perspective: Bank Sumut Kc Syariah Padangsidimpuan. Istinbath, 23(1), 168–188. https://doi.org/10.20414/ijhi.v23i1.752
Imsar, Inayah, N., & Rifai, M. (2024). Pengaruh Pendapatan Bank Dan Tabungan Wadi’ah Terhadap Bonus Wadi’ah Studi Kasus Bank Muamalat Rantau Prapat Periode 2011-2020. Jurnal Sains dan Teknologi, 5(3), 918–921. https://doi.org/10.55338/saintek.v5i3.2762
Imsar, Rangkuti, M. H., & Harahap, R. D. (2023). Analisis Penerapan Integrated Marketing Communication (IMC) Dalam Meningkatkan Jumlah Nasabah Pada Produk Pembiayaan Multiguna Hasanah Di Bank Syariah Indonesia KCP Binjai Sudirman. Jurnal Pendidikan dan Konseling, 5(1), 5924–5934.
Insani, D. N., Setiawan, R. A., & Hartini, K. (2024). Evaluasi Kinerja Keuangan Bank Syariah Indonesia Dengan Menggunakan Metode Islamicity Performance Index (IPI) Periode 2021-2023. Edunomika, 8(3), 1–8.
Kesuma, M., & Ikhrami, N. (2021). Analisis Pengaruh Islamicity Performance Index Terhadap Profitabilitas Dengan Intellectual Capital Sebagai Variabel Moderasi Pada Bank Umum Syariah Periode 2015-2019. Jurnal Akuntansi dan Keuangan Kontemporer (JAKK), 4(1), 1–12. https://doi.org/10.30596/jakk.v4i1.6727
Khasanah, N. A. (2020). Pengaruh Intellectual Capital dan Islamicity Performance Index Terhadap Kinerja Keuangan Perbankan Syariah di Indonesia. Nominal, V(6), 2.
Lidrianasari, Andri, K., Evana, E., Dharma, F., Gamayuni, R. R., Sudrajat, & Septiyanti, R. (2020). Kemanfaatan Informasi Akuntansi dalam Korporasi (1 ed.). Pusaka Media.
Lubis, M. Z. M., Putra, G. D. A., & Husna, H. (2023). Pengukuran Kinerja Keuangan Bank Syariah Indonesia Pasca Merger Menggunakan Pendekatan Islamicity Performance Index. Jurnal Informatika Ekonomi Bisnis, 5, 312–317. https://doi.org/10.37034/infeb.v5i2.234
Mabruroh, Supriyanto, T., & Ayyuniyah, Q. (2024). Pengukuran Kinerja Keuangan Bus Menggunakan Islamicity Performance Index. Jurnal Ilmiah Ekonomi Islam, 10(2), 2048–2058. https://doi.org/10.29040/jiei.v10i2.13348
Murthada, A. M., & Sari, Y. K. (2024). Analisis Kinerja Bank Syariah Indonesia Sebelum dan Setelah Merger: Pendekatan Islamicity Performance Index. Among Makarti, 17(1), 123–139. https://doi.org/http://dx.doi.org/10.52353/ama.v17i1.635
Nasution, A. I. L., Nasution, M. L. I., & Hotdiana, F. (2023). Pengaruh Pelayanan dan Produk Perbankan Syariah Terhadap Loyalitas Nasabah Dalam Mengambil Pendanaan dan Pembiayaan (Studi Kasus: Bank Syariah KC Padangsidimpuan). Jurnal Ilmiah Ekonomi Islam, 9(2), 2442. https://doi.org/10.29040/jiei.v9i2.9524
Nurbaiti, Asmuni, Soemitra, A., Imsar, & Aisyah, S. (2023). Behavior analysis of MSMEs in Indonesia using fintech lending comparative study between sharia fintech lending and conventional fintech lending-NC-SA license (https://creativecommons.org/licenses/by-nc-sa/4.0) Corresponding Author. JPPI (Jurnal Penelitian Pendidikan Indonesia), 9(4), 92–99.
OJK. (2022). Laporan Kinerja Keuangan Syariah 2022. Departemen Perbankan Syariah Otoritas Jasa Keuangan Otortitas Jasa Keuangan.
Rufaedah, D. A., Yazid, M., & Febriyanti, N. (2024). Analisis Kinerja Keuangan Bank Syariah Di Indonesia Berdasarkan Islamic Performance Index. Jurnal Akuntansi dan Keuangan Islam, 12(1), 85–102.
Sabirin. (2021). Islamicity Performance Index Dan Kesehatan Finansial Bank Umum Syariah Di Indonesia. Jurnal Akuntansi Dan Keuangan Islam, 9(2), 131–146. https://doi.org/10.35836/jakis.v9i2.233
Sadly, E. (2021). Analysis of the Performance of Islamic Commercial Banks in Indonesia Using the Islamicity Performance Index Approach for the 2014-2016 periods. International Journal for Educational and Vocational Studies, 3(2), 151. https://doi.org/10.29103/ijevs.v3i2.4543
Sari, W. (2021). Kinerja Keuangan (N. U. Rahmi (ed.); 1 ed.). UNPRI Press.
Sugiyono. (2018). Metode Penelitian Kuantitatif, Kualitatif dan R&D (2 ed.). PT. Alfabet.
Syafina, L., & Nurwani. (2021). Analisis Dana Zakat, Penerimaan Non Halal, dan Corporate Social Responsibility (CSR) Pada Bank Syariah Di Indonesia. JESI (Jurnal Ekonomi Syariah Indonesia), 11(2), 101. https://doi.org/10.21927/jesi.2021.11(2).101-107