Optimalisasi Kinerja Bank Umum Syariah: Shariah Conformity And Profitability, Islamic Corporate Governance Di Indonesia Dan Malaysia

Abstract

This study aims to examine the performance of Islamic commercial banks in Indonesia and Malaysia through the perspective of sharia conformity and Islamic Corporate Governance (ICG) in relation to financial performance. The research method employed is descriptive quantitative, adopting a comparative approach between Islamic banks in Indonesia and Malaysia. Data were sourced from publicly available annual financial reports for the period 2021-2022 and analyzed using the Sharia Conformity and Profitability (SCnP) model and ICG indicators to evaluate sharia compliance. The findings indicate variations in performance among Islamic banks in both countries. Islamic banks in Indonesia tend to exhibit higher profitability ratios than some banks in Malaysia, particularly in sharia income and profit-sharing indicators. However, differences were observed in the level of transparency and implementation of corporate governance, especially regarding sharia-compliant products and information disclosure to debtors. This suggests that, while the level of sharia conformity is reasonably high in both countries, the implementation of ICG still requires improvement to achieve a more optimal standard of sharia compliance. The novelty of this research lies in its comprehensive analysis that integrates profitability dimensions with sharia conformity and provides a cross-country performance comparison, offering insights for advancing Islamic banking practices in Southeast Asia.