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Maqashid Sharia Index and Profitability Analysis of Sharia Commercial Banks in Indonesia 2014-2017
Dr.Sri Maryati, S.E, M.Si and Ridho Illahidaredmi, S.E

Economics Department, Faculty of Economic, Andalas University


The aims of this study are to measure Maqashid Sharia Index (MSI) and Profitability Index (PI) of Sharia Banks in Indonesia on period 2014 until 2017. This research consists of four step of analysis, namely 1) Maqashid Sharia Index (MSI) to measure the sharia compliance of the banks, 2) Comparative Performance Index (CPI) to measure the profitability index of the sharia banks, 3) Correlation analysis to measure the correlation between sharia compliance and profitability of sharia banks and the last is grouping the sharia bank based on the sharia compliance and profitability that are achieved by using Klassen Typology framework. The object of research consists of twelve Sharia Commercial Banks (BUS) in Indonesia with annual data 2014 to 2017. The result of this research show that BRIS is the bank that have highest MSI by the average value 0.4355 per year on the period 2014-2017. The second and third places are BTPNS and BNIS by the average value 0.4206 and 0.4006, while the lowest is BMSI (0.3354). Then the sharia banks that have the best profitability performance is BTPNS with alternative values 95.78. The second and third place are BNIS (40.92) and BMS (33.58), while the lowest is BMSI (-47.65).

Keywords: Sharia Banks, Maqashid Sharia Index, Comparative Performance Index, Klassen Typology.

Topic: International Conference of Islamic Economic and Financial Inclusion


Conference: The 3rd International Conference on Sustainability and Innovation (ICoSI 2019)

Plain Format | Corresponding Author (Sri Maryati)

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