The prime objective of this study is to examine the effect of Sharia firms and their performance in Indonesia. Sharia is the set of personal and societal behaviour derived from Islam. A firm is included in a sharia firm if it complies with Islamic values. The sample used in this study are firms that are consistently listed on the Shariacompliant Stock Index (ISSI) in the 2012-2018 period. The result shows that Sharia firms have better performance compared to non-Sharia firms. Additionally, Sharia firms with a smaller size of independent commissioners are associated with higher performance. These positive results indicate that Sharia positioning can improve performance and this is empirical evidence that the ethical firm has a significant influence on the performance.

This study aims to prove the effect of operational costs, investment returns, claims and minimum risk-based tabarru' funds partially and simultaneously on the contribution of Islamic general insurance in Indonesia 2015-2018. This study uses a quantitative approach with secondary data in the form of publication of annual Islamic financial statements and sample selection using a purposive sampling technique. The amount of data is 11 companies with observations over four years to obtain 44 observational data used as samples in this study. The technique used is regression analysis using a fixed effect model (FEM) panel data. The results illustrate that partially, minimum variable costs based on operational risk, claims, and tabarru’ funds have a significant positive effect on participant contributions. Thus proving that the higher the minimum operational costs based on claims, and tabarru’ 'will influence the determination of participant contributions. As for investment returns, it has no effect on determining participant contributions because funds can be allocated to increase assets. Simultaneous statistical test results from operational costs, investment returns, claims, minimum risk-based funds are influenced by participant contributions. This research suggestion should be that Islamic general insurance companies can conduct regular audits on the use of operational costs to make it more efficient so that the allocation of contribution costs can be directed towards the growth of assets or minimum risk-based tabarru’ funds of the company.

Profesi akuntan adalah salah satu profesi yang mendapatkan sertifikasi dari negara negara ASEAN berdasarkan Mutual Recognition Agreement (MRA sehingga nantinya akan memudahkan lintas profesi diantara Negara tersebut. Adanya gap antara jumlah akuntan yang tersedia dan yang dibutuhkan akan menimbulkan persoalan yaitu serbuan tenaga kerja asing di masa arus lalu lintas jasa benar benar terbuka. Ikatan Akuntan Indonesia sudah melakukan berbagai aktifitas untuk mempersiapkan masa tersebut, namun hendaknya perhitungan realistis perlu dikedepankan mengingat struktur sumber daya manusia di Indonesia didominasi oleh low skilled labour sehingga opsi menunda pemberlakuannya mungkin dapat diperhitungkan untuk memberi kesempatan anak bangsa mencapai posisi strategis daripada posisi sebagai buruh di negeri sendiri.

This study investigates the effect of sharia firms on the cost of debt in the Indonesian market. We use OLS regression to examine the relationship by applying 1870 data observations of nonfinancial companies registered on the Indonesia Sharia Stock Index (ISSI) during 2012–2018. We found that sharia firms are negatively related to the cost of debt, and sharia firms with a higher percentage of independent commissioners are not associated with the cost of debt. These findings indicate that a more significant number of independent commissioners sitting on the board will not stimulate a sharia firm’s position to get a lower cost of debt. Furthermore, our results are robust after performing the endogeneity test. Based on this study, we suggest that independent commissioners who represent aspects of governance also need to be developed using firm characteristics as other moderating variables. Sharia firms are viewed by lenders as having corporate behaviors that are ethical and worthy to get low interest on the debt. Even though the financial structure of sharia firms has lower leverage than non-sharia firms, it does not mean that they are seen as closed firms.