Purpose This study aims to analyse the relationship between management ownership and the performance of Islamic microfinance institutions (MFIs) using panel data from Indonesian Islamic rural banks (Bank Pembiayaan Rakyat Syariah [BPRS]). Design/methodology/approach This study uses unbalanced quarterly panel data from BPRS during the period from 2011 to 2016. Performance, as the dependent variable in this study, is analysed based on three sets of measures, namely, profitability, efficiency and the financing risk. Management ownership, as the independent variable in this study, is represented by ownership by the board of directors (BOD), the board of commissioners (BOC) and the sharia supervisory boards (SSB). Findings The results show that ownership by the BOD and BOC does not have a significant relationship with profitability and efficiency. However, the BOD ownership has a negative relationship with the financing risk and vice versa for the BOC ownership. Additionally, the study reveals that ownership by the SSB plays a positive and significant role in increasing the profitability and efficiency but does not have a significant impact on the financing risk. Originality/value This is one of the first studies to provide empirical results regarding the relationship between management (BOD, BOC and SSB) ownership and the performance of BPRS. The finding reveals that ownership by the SSB is very important to increase the profitability and efficiency of the BPRS. Contribution to Impact This study fills the gap in the literature about Islamic MFIs in Indonesia, especially the BPRS. This research also provides an insight into corporate governance practices and Islamic MFIs’ performance using BPRS data. The findings provide useful information for policy makers and regulators.

This study aims to analyze the procedures of preparing financial statements at BAZNAS Kota Tual and the implementation of PSAK 109 on the financial statements of BAZNAS Kota Tual. This study uses a qualitative method by collecting the data through financial reports, literature, interview, and documentation. The results show that the financial reporting of zakat, infaq/sadaqah at BAZNAS Kota Tual has not fully implemented PSAK 109. Based on PSAK 109, the financial reporting of zakat, infaq/sadaqah uses five elements, i.e. initial recognition, measurement, distribution, presentation, and disclosure. However, practically, BAZNAS Kota Tual only implements a few elements, namely initial recognition and distribution. BAZNAS Kota Tual has not implemented measurement, presentation, and disclosure. Moreover, BAZNAS Kota Tual does not make complete financial reports, such as the balance sheets, reports on changes in funds, reports on changes in assets under management, cash flow reports, and notes on financial reports, but only make a simple report, namely the report on the collection and distribution of zakat, infaq/sadaqah.

Banking plays an important role in economy acting as an intermediation institution and funding sources for business. When a bank is inefficient in the use of cost, there will be improperly used input, hindering the bank to realize its roles, functions, and objectives. Therefore, analysis of bank efficiency is strongly required. This study aims to measure and analyze the technical efficiency of Indonesian Islamic rural banks by using balanced panel data of Indonesian Islamic rural banksfromquartile I 2011 to quartile IV 2016. The sample includes 58 Islamic rural banks with total 1,392 observations. By using stochastic frontier analysis,the result shows that the average technical efficiency of IndonesianIslamic rural banksreached 86 percent and there are still 14 percent that can be optimized. Overall, the average efficiency of Indonesian Islamic rural banksincreases over the research period. In addition, this study also finds that big banks are more efficient than small banks.

Islamic banking industry in Indonesia is experiencing the rapid growth, but research related to Islamic financial institutions in Indonesia is still limited. In analyzing profitability, management ownership has an important role because it can overcome the problem of agency conflict and reduce agency costs. Therefore, this study aims to examine the effect of management ownership on profitability of Islamic rural banks (BPRS) in Indonesia. To achieve this objective, this study analyzes quarterly panel data of financial report from 155 BPRS spread across 21 provinces in Indonesia during 2011-2016 with total 2,765 observations. Profitability, as dependent variable in this study, is measured by return on assets (ROA) and return on equity (ROE). Management ownership, as independent variable in this study, consists of the existence of board of director ownership and the existence of board of commissioner ownership. In addition, this study also uses bank size, deposit ratio, capital ratio, GDP growth rate, and inflation rate as control variables. The result shows that the existence of board of director ownership has negative and significant effect on ROA and ROE. However, the existence of board of commissioner ownership has no significant effect on all profitability variables. By examining the effect of management ownership on BPRS profitability, it is expected to fill the gap in literature of Islamic financial institutions in Indonesia, especially BPRS.

This study analyses the effect of product quality, religiosity, service quality, and promotion on student saving decisions at Islamic banks. This study uses 60 respondents as samples. This study uses purposive sampling to determine the samples with certain criteria. This study uses the multiple linear regression method to examine the effect of the independent variable on the dependent variable. The results indicate that product quality and promotion affect student saving decisions, but religiosity and service quality have no effect on student saving decisions.