The Impact of Disclosure of Islamic Corporate Governance and Islamic Corporate Social Responsibility on Islamicity Performance Index

Miftahul Jannah Febrianti, Annisa Fithria

Abstract


This study aims to investigate the effects of Islamic Corporate Governance (ICG) and Islamic Corporate Social Responsibility (ICSR) on the financial performance of Islamic Commercial Banks based on the Islamicity Performance Index. The independent variables in this study encompass ICG and ICSR, while the dependent variable is the Islamicity Performance Index, measured by Profit Sharing Ratio (PSR), Zakat Performance Ratio (ZPR), Equitable Distribution Ratio (EDR), and Islamic Income (II). The sampling technique employed is purposive sampling. The sample consists of 60 annual reports from Islamic Commercial Banks during 2017-2022. Hypothesis testing utilizing panel data regression demonstrates that ICG only affects ZPR, while it does not have an impact on PSR, EDR, and II. Additionally, the outcomes indicate that ICSR influences PSR and EDR, but it does not affect ZPR and II. This indicates that the disclosure of ICG influences the Islamicity Performance Index based on the ZPR indicator, while the disclosure of ICSR affects the Islamicity Performance Index based on the PSR and EDR indicators.


Keywords


Islamicity Performance Index, Islamic Corporate Governance, Islamic Corporate Social Responsibility

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References


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DOI: http://dx.doi.org/10.30984/tjebi.v8i2.2619

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