Exploring The Cross Countries Endurance, Evidence of Indonesian and Malaysian Sharia Banks Financial Performance
Abstract
The Islamic banking industry should be balanced with good financial performance to create stakeholders' trust in the funds they invest. This study examines financial performance by comparing the Islamic banking industry in Indonesia and Islamic banks in Malaysia during the Covid-19 pandemic using the MSI (Maqashid Sharia Index) and CAMELS (Capital, Asset, Management, Earning, Liquidity, Sensitivity of Market Risk) methods. The research adopts a quantitative design with a comparative approach. The implementation research period was in the era of covid-19 with the period 2020-2022. Sampling used purposive sampling at Indonesian Islamic Commercial Banks and Malaysian Islamic Commercial Banks with a total sample of 36. Hypothesis testing using the Independent T-Test. The results of the study provide the fact that the financial performance of the Islamic banking industry in Indonesia has good value and compliance compared to Islamic banks in Malaysia based on the MSI and CAMELS in the conditions of Covid-19.
Keywords: islamic bank, financial performance, COVID-19
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References
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Ahmad, S., Wan Ahmad, W. M., & Shaharuddin, S. S. (2022). Is excess of everything bad? Ramifications of excess liquidity on bank stability: Evidence from the dual banking system. Borsa Istanbul Review, 22, S92–S107. https://doi.org/10.1016/j.bir.2022.09.008
Akber, S. M., & Dey, A. (2020). Evaluation of the Financial Performance between Traditional Private Commercial Banks and Islamic Banks in Bangladesh. International Journal of Islamic Banking and Finance Research, 4(2), 1–10. https://doi.org/10.46281/ijibfr.v4i2.640
Bakhouche, A., El Ghak, T., & Alshiab, M. (2022). Does Islamicity matter for the stability of Islamic banks in dual banking systems? Heliyon, 8(4), e09245. https://doi.org/10.1016/j.heliyon.2022.e09245
Biduri, S., Hariyanto, W., Hermawan, S., & Nindiyah, E. W. (2022). Islamic Financial Bank Performance in Indonesia and Malaysia. IQTISHODUNA: Jurnal Ekonomi Islam, 11(1), 111. https://doi.org/10.54471/iqtishoduna.v11i1.1491
Bilgin, M. H., Danisman, G. O., Demir, E., & Tarazi, A. (2021). Economic uncertainty and bank stability: Conventional vs. Islamic banking. Journal of Financial Stability, 56(November 2020), 100911. https://doi.org/10.1016/j.jfs.2021.100911
Boubakri, N., Mirzaei, A., & Saad, M. (2023). Bank lending during the COVID-19 pandemic: A comparison of Islamic and conventional banks. Journal of International Financial Markets, Institutions and Money, 84(April 2020), 101743. https://doi.org/10.1016/j.intfin.2023.101743
Brodeur, A., Gray, D., Islam, A., & Bhuiyan, S. (2021). A literature review of the economics of COVID-19. Journal of Economic Surveys, 35(4), 1007–1044. https://doi.org/10.1111/joes.12423
Buallay, A., Al Hawaj, A. A., & Hamdan, A. (2021). Integrated reporting and performance: a cross-country comparison of GCC Islamic and conventional banks. Journal of Islamic Marketing, 12(8), 1619–1636. https://doi.org/10.1108/JIMA-08-2017-0084
Chabachib, M., Windriya, A., Robiyanto, R., & Hersugondo, H. (2019). A comparative study of Indonesian and Malaysian Islamic banks. Banks and Bank Systems, 14(4), 55–68. https://doi.org/10.21511/bbs.14(4).2019.06
Ciotti, M., Ciccozzi, M., Terrinoni, A., Jiang, W. C., Wang, C. Bin, & Bernardini, S. (2020). The COVID-19 pandemic. Critical Reviews in Clinical Laboratory Sciences, 0(0), 365–388. https://doi.org/10.1080/10408363.2020.1783198
Djalante, R., Lassa, J., Setiamarga, D., Sudjatma, A., Indrawan, M., Haryanto, B., … Warsilah, H. (2020). Review and analysis of current responses to COVID-19 in Indonesia: Period of January to March 2020. Progress in Disaster Science, 6. https://doi.org/10.1016/j.pdisas.2020.100091
Elnahass, M., Trinh, V. Q., & Li, T. (2021). Global banking stability in the shadow of Covid-19 outbreak. Journal of International Financial Markets, Institutions and Money, 72, 101322. https://doi.org/10.1016/j.intfin.2021.101322
Gandasari, D., & Dwidienawati, D. (2020). Content analysis of social and economic issues in Indonesia during the COVID-19 pandemic. Heliyon, 6(11), e05599. https://doi.org/10.1016/j.heliyon.2020.e05599
Ghouse, G., Ejaz, N., Bhatti, M. I., & Aslam, A. (2022). Performance of islamic vs conventional banks in OIC countries: Resilience and recovery during Covid-19. Borsa Istanbul Review, 22, S60–S78. https://doi.org/10.1016/j.bir.2022.11.020
Grassa, R., Moumen, N., & Hussainey, K. (2021). What drives risk disclosure in Islamic and conventional banks? An international comparison. International Journal of Finance and Economics, 26(4), 6338–6361. https://doi.org/10.1002/ijfe.2122
Hassan, M. K., Aliyu, S., & Hussain, M. (2019). A Contemporary review of islamic finance and accounting literature. Singapore Economic Review, 67(1), 7–44. https://doi.org/10.1142/S0217590819420013
Hosen, M. N., & Muhari, S. (2018). The Comparison of Soundness Level of Islamic Banks in Indonesia and Malaysia. Etikonomi, 17(1), 111–122. https://doi.org/10.15408/etk.v17i1.6711
Ikhwan, I., & Riani, R. (2022). The Efficiency of Indonesian and Malaysian Sharia Bank in the Shadow of Covid-19 Pandemic : DEA Window Analysis. Islamic Economics Journal, 08(02), 123–143.
Imran, M., Lashari, A. A., Muhammad, S., & Shah, M. (2021). Impact of Operational Risk and Efficiency on Islamic Bank Performance: A case study of four major Islamic Banks of Pakistan. SALU - Commerce & Economics Review, 7(1), 166–181. Retrieved from www.cer.salu.edu.pk
Kasri, R. A., Indrastomo, B. S., Hendranastiti, N. D., & Prasetyo, M. B. (2022). Digital payment and banking stability in emerging economy with dual banking system. Heliyon, 8(11), e11198. https://doi.org/10.1016/j.heliyon.2022.e11198
Le, T. D., Ho, T. H., Nguyen, D. T., & Ngo, T. (2022). A cross-country analysis on diversification, Sukuk investment, and the performance of Islamic banking systems under the COVID-19 pandemic. Heliyon, 8(3). https://doi.org/10.1016/j.heliyon.2022.e09106
Ledhem, M. A. (2022). The financial stability of Islamic banks and sukuk market development: Is the effect complementary or competitive? Borsa Istanbul Review, 22, S79–S91. https://doi.org/10.1016/j.bir.2022.09.009
Mahmud, A., & Rahman, H. (2020). Evaluation and Comparison of Financial Soundness of Islamic and Conventional Private Commercial Banks in Bangladesh: A CAMEL Approach. Canadian Journal of Business and Information Studies, 2(6), 128–140. https://doi.org/10.34104/cjbis.020.01290140
Majeed, M. T., & Zainab, A. (2021). A comparative analysis of financial performance of Islamic banks vis-à-vis conventional banks: evidence from Pakistan. ISRA International Journal of Islamic Finance, 13(3), 331–346. https://doi.org/10.1108/IJIF-08-2018-0093
Malini, H., & Putri, A. N. (2020). Competitiveness and Market Concentration of Islamic Banking Industry: A Comparison Study between Indonesia and Malaysia. Sriwijaya International Journal of Dynamic Economics and Business, 4(3), 175. https://doi.org/10.29259/sijdeb.v4i3.175-190
Mansour, W., Ajmi, H., & Saci, K. (2022). Regulatory policies in the global Islamic banking sector in the outbreak of COVID-19 pandemic. Journal of Banking Regulation, 23(3), 265–287. https://doi.org/10.1057/s41261-021-00147-3
Musdalifa, Mukhzarudfa, R. K. (2022). The Effect of Corporate Governance on Financial Performance: Corporate Social Responsibility As A Buffer. EL DINAR: Jurnal Keuangan Dan Perbankan Syariah, 10(2). https://doi.org/10.1111/ajfs.12121
Nofinawati, Abdul Nasser Hasibuan, Dinda Sildya, F. K. (2021). Comparative Analysis Of Islamic Banking Financial Performance Before And During The Covid-19 Period In Indonesia. At-Tijaroh: Jurnal Ilmu Manajemen Dan Bisnis Islam, 7(2), 196–212.
Noor Salim, M., & Pandji Ibnul Djausin, R. (2020). Determinants of Financial Performance and its Impact on the Growth of Islamic Bank Assets on Indonesia. International Journal of Business, Economics and Management, 7(1), 27–41. https://doi.org/10.18488/journal.62.2020.71.27.41
Nugraha, E., Nugroho, L., Lindra, C., & Sukiati, W. (2020). Maqashid Sharia Implementation in Indonesia and Bahrain. Etikonomi, 19(1), 155–168. https://doi.org/10.15408/etk.v19i1.14655
Pantas, P. E., Susetyohadi, A., & Azwita, L. (2021). Islamic Banking Efficiency in Indonesia and Malaysia: Two Stages Data Envelopment Window Analysis. Journal of Islamic Economics, 5(2), 234–249. https://doi.org/10.26740/al-uqud.v5n2.p234-249
Pipin Lestari. (2020). A Analysis of Islamic Banks in Indonesia and Malaysia Using CAMEL. Kompak :Jurnal Ilmiah Komputerisasi Akuntansi, 13(1), 88–99. https://doi.org/10.51903/kompak.v13i1.164
Praptiningsih, Nastiti, H., & Nopiyanti, A. (2022). Analysis of Corporate Governance , Intellectual Capital , and Financial Performance Using Conventional Methods and Maqashid Sharia Index ( MSI ) on the Implementation of Sustainable Finance in Sharia Banking in Indonesia. Dinasti International Journal of Economics, Finance and Accounting, 3(4), 391–411. Retrieved from https://doi.org/10.38035/dijefa.v3i4
Priyono Puji Prasetyo, Pribawa E Pantas, Nurul Jihadah Ashar, & Fanny Riana Pertiwi. (2020). Performance Comparison of Islamic Banking in Indonesia and Malaysia Islamicity Performance Index Approach. Journal of Islamic Economics Perspectives, 2(1), 92–103. https://doi.org/10.35719/jiep.v2i1.30
Purwanto, E. (2019). Penelitian Kuantitatif. Yogyakarta : Pustaka Pelajar.
Rahman, M. A., Zaman, N., Asyhari, A. T., Al-Turjman, F., Alam Bhuiyan, M. Z., & Zolkipli, M. F. (2020). Data-driven dynamic clustering framework for mitigating the adverse economic impact of Covid-19 lockdown practices. Sustainable Cities and Society, 62(May). https://doi.org/10.1016/j.scs.2020.102372
Rasli, S., Hazwani, N., Hassan, B., Hanum, S., & Hajali, M. (2020). CAMEL Characteristics , Financial Performance and Stability of Selected Islamic Banking in Malaysia CAMEL Characteristics , Financial Performance and Stability of Selected Islamic Banking in Malaysia overall Islamic Financial Services Industry ( IFSI ) gl. Journal Selangor Science &Technology, 4(August), 1–15.
Riani, R., & Ikhwan, I. (2022). The impact of Covid-19 on the banking industry efficiency: Comparison between Indonesia and Malaysian banks. Asian Journal of Islamic Management (AJIM), 4(1), 43–58. https://doi.org/10.20885/ajim.vol4.iss1.art4
Rizwan, M. S., Ahmad, G., & Ashraf, D. (2022). Systemic risk, Islamic banks, and the COVID-19 pandemic: An empirical investigation. Emerging Markets Review, 51(PB), 100890. https://doi.org/10.1016/j.ememar.2022.100890
Safira, S., & Hadijah, H. (2021). Comparison Of Sharia Banking Performance Implementation Based On Maqashid Shariah Index In Sharia Banks In Indonesia And Malaysia. Journal of Islamic Economics and Social Science (JIESS), 2(2), 127. https://doi.org/10.22441/jiess.2021.v2i2.006
Shah, A. U. M., Safri, S. N. A., Thevadas, R., Noordin, N. K., Rahman, A. A., Sekawi, Z., … Sultan, M. T. H. (2020). COVID-19 outbreak in Malaysia: Actions taken by the Malaysian government. International Journal of Infectious Diseases, 97, 108–116. https://doi.org/10.1016/j.ijid.2020.05.093
Sugiyono. (2017). Metode Penelitian Kuantitatif, Kualitatif Dan Kombinasi (Mixed Method). Bandung : Alfabeta.
Tarazi, A., & Abedifar, P. (2022). Special issue on Islamic banking: Stability and governance. Global Finance Journal, 51(May 2020), 100540. https://doi.org/10.1016/j.gfj.2020.100540
Wahyu Wastuti, A. H. (2022). Financial Performance Of Islamic Commercial Banks Before And During The Covid-19 Pandemic In Indonesia. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 5(2), 550–572.
Wardani, M. K., & Sari, D. D. (2019). Disclosure of Islamic Social Reporting in Sharia Banks: Case of Indonesia and Malaysia. Journal of Finance and Islamic Banking, 1(2), 105. https://doi.org/10.22515/jfib.v1i2.1495
Windriya, A. (2019). The Effect OF FDR, NPF, OEOI, AND Size Toward ROA (Comparative Study on Indonesian Islamic Bank and Malaysian Islamic Bank Period 2010-2015). International Journal of Business and Economics, 3(1).
Ahmad, S., Wan Ahmad, W. M., & Shaharuddin, S. S. (2022). Is excess of everything bad? Ramifications of excess liquidity on bank stability: Evidence from the dual banking system. Borsa Istanbul Review, 22, S92–S107. https://doi.org/10.1016/j.bir.2022.09.008
Akber, S. M., & Dey, A. (2020). Evaluation of the Financial Performance between Traditional Private Commercial Banks and Islamic Banks in Bangladesh. International Journal of Islamic Banking and Finance Research, 4(2), 1–10. https://doi.org/10.46281/ijibfr.v4i2.640
Bakhouche, A., El Ghak, T., & Alshiab, M. (2022). Does Islamicity matter for the stability of Islamic banks in dual banking systems? Heliyon, 8(4), e09245. https://doi.org/10.1016/j.heliyon.2022.e09245
Biduri, S., Hariyanto, W., Hermawan, S., & Nindiyah, E. W. (2022). Islamic Financial Bank Performance in Indonesia and Malaysia. IQTISHODUNA: Jurnal Ekonomi Islam, 11(1), 111. https://doi.org/10.54471/iqtishoduna.v11i1.1491
Bilgin, M. H., Danisman, G. O., Demir, E., & Tarazi, A. (2021). Economic uncertainty and bank stability: Conventional vs. Islamic banking. Journal of Financial Stability, 56(November 2020), 100911. https://doi.org/10.1016/j.jfs.2021.100911
Boubakri, N., Mirzaei, A., & Saad, M. (2023). Bank lending during the COVID-19 pandemic: A comparison of Islamic and conventional banks. Journal of International Financial Markets, Institutions and Money, 84(April 2020), 101743. https://doi.org/10.1016/j.intfin.2023.101743
Brodeur, A., Gray, D., Islam, A., & Bhuiyan, S. (2021). A literature review of the economics of COVID-19. Journal of Economic Surveys, 35(4), 1007–1044. https://doi.org/10.1111/joes.12423
Buallay, A., Al Hawaj, A. A., & Hamdan, A. (2021). Integrated reporting and performance: a cross-country comparison of GCC Islamic and conventional banks. Journal of Islamic Marketing, 12(8), 1619–1636. https://doi.org/10.1108/JIMA-08-2017-0084
Chabachib, M., Windriya, A., Robiyanto, R., & Hersugondo, H. (2019). A comparative study of Indonesian and Malaysian Islamic banks. Banks and Bank Systems, 14(4), 55–68. https://doi.org/10.21511/bbs.14(4).2019.06
Ciotti, M., Ciccozzi, M., Terrinoni, A., Jiang, W. C., Wang, C. Bin, & Bernardini, S. (2020). The COVID-19 pandemic. Critical Reviews in Clinical Laboratory Sciences, 0(0), 365–388. https://doi.org/10.1080/10408363.2020.1783198
Djalante, R., Lassa, J., Setiamarga, D., Sudjatma, A., Indrawan, M., Haryanto, B., … Warsilah, H. (2020). Review and analysis of current responses to COVID-19 in Indonesia: Period of January to March 2020. Progress in Disaster Science, 6. https://doi.org/10.1016/j.pdisas.2020.100091
Elnahass, M., Trinh, V. Q., & Li, T. (2021). Global banking stability in the shadow of Covid-19 outbreak. Journal of International Financial Markets, Institutions and Money, 72, 101322. https://doi.org/10.1016/j.intfin.2021.101322
Gandasari, D., & Dwidienawati, D. (2020). Content analysis of social and economic issues in Indonesia during the COVID-19 pandemic. Heliyon, 6(11), e05599. https://doi.org/10.1016/j.heliyon.2020.e05599
Ghouse, G., Ejaz, N., Bhatti, M. I., & Aslam, A. (2022). Performance of islamic vs conventional banks in OIC countries: Resilience and recovery during Covid-19. Borsa Istanbul Review, 22, S60–S78. https://doi.org/10.1016/j.bir.2022.11.020
Grassa, R., Moumen, N., & Hussainey, K. (2021). What drives risk disclosure in Islamic and conventional banks? An international comparison. International Journal of Finance and Economics, 26(4), 6338–6361. https://doi.org/10.1002/ijfe.2122
Hassan, M. K., Aliyu, S., & Hussain, M. (2019). A Contemporary review of islamic finance and accounting literature. Singapore Economic Review, 67(1), 7–44. https://doi.org/10.1142/S0217590819420013
Hosen, M. N., & Muhari, S. (2018). The Comparison of Soundness Level of Islamic Banks in Indonesia and Malaysia. Etikonomi, 17(1), 111–122. https://doi.org/10.15408/etk.v17i1.6711
Ikhwan, I., & Riani, R. (2022). The Efficiency of Indonesian and Malaysian Sharia Bank in the Shadow of Covid-19 Pandemic : DEA Window Analysis. Islamic Economics Journal, 08(02), 123–143.
Imran, M., Lashari, A. A., Muhammad, S., & Shah, M. (2021). Impact of Operational Risk and Efficiency on Islamic Bank Performance: A case study of four major Islamic Banks of Pakistan. SALU - Commerce & Economics Review, 7(1), 166–181. Retrieved from www.cer.salu.edu.pk
Kasri, R. A., Indrastomo, B. S., Hendranastiti, N. D., & Prasetyo, M. B. (2022). Digital payment and banking stability in emerging economy with dual banking system. Heliyon, 8(11), e11198. https://doi.org/10.1016/j.heliyon.2022.e11198
Le, T. D., Ho, T. H., Nguyen, D. T., & Ngo, T. (2022). A cross-country analysis on diversification, Sukuk investment, and the performance of Islamic banking systems under the COVID-19 pandemic. Heliyon, 8(3). https://doi.org/10.1016/j.heliyon.2022.e09106
Ledhem, M. A. (2022). The financial stability of Islamic banks and sukuk market development: Is the effect complementary or competitive? Borsa Istanbul Review, 22, S79–S91. https://doi.org/10.1016/j.bir.2022.09.009
Mahmud, A., & Rahman, H. (2020). Evaluation and Comparison of Financial Soundness of Islamic and Conventional Private Commercial Banks in Bangladesh: A CAMEL Approach. Canadian Journal of Business and Information Studies, 2(6), 128–140. https://doi.org/10.34104/cjbis.020.01290140
Majeed, M. T., & Zainab, A. (2021). A comparative analysis of financial performance of Islamic banks vis-à-vis conventional banks: evidence from Pakistan. ISRA International Journal of Islamic Finance, 13(3), 331–346. https://doi.org/10.1108/IJIF-08-2018-0093
Malini, H., & Putri, A. N. (2020). Competitiveness and Market Concentration of Islamic Banking Industry: A Comparison Study between Indonesia and Malaysia. Sriwijaya International Journal of Dynamic Economics and Business, 4(3), 175. https://doi.org/10.29259/sijdeb.v4i3.175-190
Mansour, W., Ajmi, H., & Saci, K. (2022). Regulatory policies in the global Islamic banking sector in the outbreak of COVID-19 pandemic. Journal of Banking Regulation, 23(3), 265–287. https://doi.org/10.1057/s41261-021-00147-3
Musdalifa, Mukhzarudfa, R. K. (2022). The Effect of Corporate Governance on Financial Performance: Corporate Social Responsibility As A Buffer. EL DINAR: Jurnal Keuangan Dan Perbankan Syariah, 10(2). https://doi.org/10.1111/ajfs.12121
Nofinawati, Abdul Nasser Hasibuan, Dinda Sildya, F. K. (2021). Comparative Analysis Of Islamic Banking Financial Performance Before And During The Covid-19 Period In Indonesia. At-Tijaroh: Jurnal Ilmu Manajemen Dan Bisnis Islam, 7(2), 196–212.
Noor Salim, M., & Pandji Ibnul Djausin, R. (2020). Determinants of Financial Performance and its Impact on the Growth of Islamic Bank Assets on Indonesia. International Journal of Business, Economics and Management, 7(1), 27–41. https://doi.org/10.18488/journal.62.2020.71.27.41
Nugraha, E., Nugroho, L., Lindra, C., & Sukiati, W. (2020). Maqashid Sharia Implementation in Indonesia and Bahrain. Etikonomi, 19(1), 155–168. https://doi.org/10.15408/etk.v19i1.14655
Pantas, P. E., Susetyohadi, A., & Azwita, L. (2021). Islamic Banking Efficiency in Indonesia and Malaysia: Two Stages Data Envelopment Window Analysis. Journal of Islamic Economics, 5(2), 234–249. https://doi.org/10.26740/al-uqud.v5n2.p234-249
Pipin Lestari. (2020). A Analysis of Islamic Banks in Indonesia and Malaysia Using CAMEL. Kompak :Jurnal Ilmiah Komputerisasi Akuntansi, 13(1), 88–99. https://doi.org/10.51903/kompak.v13i1.164
Praptiningsih, Nastiti, H., & Nopiyanti, A. (2022). Analysis of Corporate Governance , Intellectual Capital , and Financial Performance Using Conventional Methods and Maqashid Sharia Index ( MSI ) on the Implementation of Sustainable Finance in Sharia Banking in Indonesia. Dinasti International Journal of Economics, Finance and Accounting, 3(4), 391–411. Retrieved from https://doi.org/10.38035/dijefa.v3i4
Priyono Puji Prasetyo, Pribawa E Pantas, Nurul Jihadah Ashar, & Fanny Riana Pertiwi. (2020). Performance Comparison of Islamic Banking in Indonesia and Malaysia Islamicity Performance Index Approach. Journal of Islamic Economics Perspectives, 2(1), 92–103. https://doi.org/10.35719/jiep.v2i1.30
Purwanto, E. (2019). Penelitian Kuantitatif. Yogyakarta : Pustaka Pelajar.
Rahman, M. A., Zaman, N., Asyhari, A. T., Al-Turjman, F., Alam Bhuiyan, M. Z., & Zolkipli, M. F. (2020). Data-driven dynamic clustering framework for mitigating the adverse economic impact of Covid-19 lockdown practices. Sustainable Cities and Society, 62(May). https://doi.org/10.1016/j.scs.2020.102372
Rasli, S., Hazwani, N., Hassan, B., Hanum, S., & Hajali, M. (2020). CAMEL Characteristics , Financial Performance and Stability of Selected Islamic Banking in Malaysia CAMEL Characteristics , Financial Performance and Stability of Selected Islamic Banking in Malaysia overall Islamic Financial Services Industry ( IFSI ) gl. Journal Selangor Science &Technology, 4(August), 1–15.
Riani, R., & Ikhwan, I. (2022). The impact of Covid-19 on the banking industry efficiency: Comparison between Indonesia and Malaysian banks. Asian Journal of Islamic Management (AJIM), 4(1), 43–58. https://doi.org/10.20885/ajim.vol4.iss1.art4
Rizwan, M. S., Ahmad, G., & Ashraf, D. (2022). Systemic risk, Islamic banks, and the COVID-19 pandemic: An empirical investigation. Emerging Markets Review, 51(PB), 100890. https://doi.org/10.1016/j.ememar.2022.100890
Safira, S., & Hadijah, H. (2021). Comparison Of Sharia Banking Performance Implementation Based On Maqashid Shariah Index In Sharia Banks In Indonesia And Malaysia. Journal of Islamic Economics and Social Science (JIESS), 2(2), 127. https://doi.org/10.22441/jiess.2021.v2i2.006
Shah, A. U. M., Safri, S. N. A., Thevadas, R., Noordin, N. K., Rahman, A. A., Sekawi, Z., … Sultan, M. T. H. (2020). COVID-19 outbreak in Malaysia: Actions taken by the Malaysian government. International Journal of Infectious Diseases, 97, 108–116. https://doi.org/10.1016/j.ijid.2020.05.093
Sugiyono. (2017). Metode Penelitian Kuantitatif, Kualitatif Dan Kombinasi (Mixed Method). Bandung : Alfabeta.
Tarazi, A., & Abedifar, P. (2022). Special issue on Islamic banking: Stability and governance. Global Finance Journal, 51(May 2020), 100540. https://doi.org/10.1016/j.gfj.2020.100540
Wahyu Wastuti, A. H. (2022). Financial Performance Of Islamic Commercial Banks Before And During The Covid-19 Pandemic In Indonesia. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 5(2), 550–572.
Wardani, M. K., & Sari, D. D. (2019). Disclosure of Islamic Social Reporting in Sharia Banks: Case of Indonesia and Malaysia. Journal of Finance and Islamic Banking, 1(2), 105. https://doi.org/10.22515/jfib.v1i2.1495
Windriya, A. (2019). The Effect OF FDR, NPF, OEOI, AND Size Toward ROA (Comparative Study on Indonesian Islamic Bank and Malaysian Islamic Bank Period 2010-2015). International Journal of Business and Economics, 3(1).
Published
2023-07-30
How to Cite
KURNIAWAN, Muhammad; NORMASYHURI, Khavid; ANGGRAENI, Erike.
Exploring The Cross Countries Endurance, Evidence of Indonesian and Malaysian Sharia Banks Financial Performance.
Jurnal Ilmiah Akuntansi dan Bisnis, [S.l.], v. 18, n. 2, p. 251-275, july 2023.
ISSN 2303-1018.
Available at: <https://ojs.unud.ac.id/index.php/jiab/article/view/98382>. Date accessed: 04 nov. 2024.
doi: https://doi.org/10.24843/JIAB.2023.v18.i02.p05.
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Section
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