Peran Islamic Corporate Social Responsibility dalam Memoderasi Pengaruh Zakat Terhadap Kinerja Bank Umum Syariah

Abstract

The aim of this study is to investigate the role of Islamic Corporate Social Responsibility in moderating the effect of zakat on Islamic commercial banks’ financial performance. Out of 13 Islamic commercial bank listed by Otoritas Jasa Keuangan from 2012 to 2017, there were only five banks reporting Statement of Zakat Fund Sources and Disbursements. Hence, the final samples of this study consist of 30 observation data. Secondary data collected from 30 annual reports were gathered through documentation. This study utilizes moderated regression analysis to test three research hypotheses. The results shows several findings. Firstly, the amount of corporate zakat being reported in the Statement of Zakat Fund Sources and Disbursements has positive impact on Islamic banks’ financial performance. Secondly, Islamic CSR as measured by Islamic reporting index developed by Belal et al. (2015) has negative impact on Islamic Banks’ financial performance. Thirdly, the role of Islamic CSR in moderating the effect of zakat on financial performance was confirmed.

Good Corporate Governance Disclosures and Financial Performance: Islamic Social Reporting and Zakah Disclosures as Mediating

“…This will impact increasing the support of stakeholders and the community to BUS and will make it easier for BUS to carry out company operational activities, which will affect the improvement of BUS performance. This is in line with the results of research (Wijayanti & Setiawan, 2022), (Indriastuti & Najihah, 2020) and (Wardiwiyono & Jayanti, 2021) which states that social reporting has been found to harm ROA. However, it has a positive impact on MTBV, and Tobin's Q.…”

“…In this case, the profits obtained by BUS will increase. In addition, support from the community will make it easier for BUS to run its business, which impacts BUS's financial performance (Wardiwiyono & Jayanti, 2021). Based on the explanation above, the hypothesis proposed is: H5: Zakah disclosure affects the performance of Islamic commercial banks in Indonesia H6: Good Corporate Governance Disclosures affects the Performance of Islamic commercial banks in Indonesia through Zakah Disclosure…”

“…(Syurmita & Fircarina, 2020) If the company has interests and responsibilities to stakeholders, the company's performance will be maximized optimally because, indirectly, ICSR is the company's most significant achievement that must be fulfilled. Research conducted by (Indriastuti & Najihah, 2020) and (Wardiwiyono & Jayanti, 2021) stated that ICSR proxied by ISR disclosure has a positive and significant influence on the financial performance of Islamic banks. In contrast to the results of previous studies, (Xue et al, 2023) found that voluntary CSR disclosure negatively affects profitability.…”

Development of sustainable Tamanu industry in Indonesia based on the green waqf model through sharia crowdfunding platforms

“…The second is investors/waqifs from businesses run by the private sector and the government. Apart from reasons of economic power, this category of waqif has social obligations in the form of Corporate Social Responsibility (CSR), which of course, can be channeled into the form of cash waqf for sustainable industrial development (Wardiwiyono & Jayanti, 2021).…”

Pendayagunaan Dana Sosial Bank Syariah Melalui Platform Financial Technology untuk Pemberdayaan UMKM pada Era Digital

“…Zakat perusahaan dan CSR sebagai komponen dana sosial bank syariah merupakan dua konsep yang saling berkaitan erat. Bank syariah dapat membantu masyarakat melalui penyaluran zakat perusahaan dan CSR, salah satunya adalah dalam bentuk pemberdayaan UMKM secara produktif (Wardiwiyono & Jayanti, 2021).…”