THE EFFECT OF ISLAMIC CORPORATE SOCIAL RESPONSIBILITY ON FINANCIAL PERFORMANCE AND REPUTATION OF ISLAMIC BANKS IN INDONESIA
Keywords:
ICSR, ROA, REPUTATION
Abstract
This study purpose to determine the influence of ICSR on financial performance and reputation of Islamic commercial banks in Indonesia on period 2019-2023. This study reveals how much impact the implementation of ICSR has on Islamic banks. The data sourced from annual reports of Islamic banks, this study uses multiple linear regression models. The number of samples in this study is 9 Islamic commercial banks registered by Indonesia Financial Service Authority (OJK). By using SPSS 23 software analysis tools, the result is ICSR has significantly affect the reputation of Islamic banks due to their foundational principles to contribute to the society in accordance to the principles of Islamic philanthropy. But the financial performance variable, ICSR showed no significant influence due of performance because of performance for some reason which could relate to ICSR initiatives focused on Islamic Phylantropi based aspects, does not directly affect financial metrics (profitability, ROA) and focus on short-term financial data, missing the delayed payoff of ICSR. This research takes a more actual observation year than the previous research and uses more accurate indicators in accordance with the regulations of the regulators.
References
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Yusdantara, I Kadek, and Gede Bayu Rahanatha. “Pengaruh Corporate Social Responsibility Terhadap Reputasi Perusahaan Yang Dimediasi Oleh Kepuasan Pelanggan (Studi Pada Pt. Coca Cola Amatil Denpasar).” E-Jurnal Manajemen Universitas Udayana 4, no. 4 (2015): 813–31. http://www.scirp.org/journal/doi.aspx?DOI=10.4236/ib.2014.63013.
Yusuf, Muhammad Yasir. Islamic Corporate Social Responsibility (I-CSR) Lembaga Keuangan Syariah (Teori Dan Praktek). Jakarta: KENCANA, 2017.
Afifah, Nur, Sri Wibawani Wahyuning Astuti, and Dwi Irawan. “Pengaruh Corporate Social Responsibility (Csr) Dan Reputasi Perusahaan Terhadap Nilai Perusahaan.” EKUITAS (Jurnal Ekonomi Dan Keuangan) 5, no. 3 (2021): 346–64. https://doi.org/10.24034/j25485024.y2021.v5.i3.4644.
Alfijri, Nurul Khofifah, and Maswar Patuh Priyadi. “Pengaruh Islamic Corporate Social Responsibility (ICSR), Zakat Dan Islamic Corporate Governance (ICG) Terhadap Kinerja Keuangan.” Jurnal Ilmu Dan Riset Akuntansi 11, no. 4 (2022): 1–22.
Anggraeni, Arifah Oktavia, and Mitra Sami Gultom. “Pengaruh Zakat Dan Corporate Social Responsibility (CSR) Terhadap Kinerja Keuangan Dan REputasi Bank Umum Syariah.” NISBAH: Jurnal Perbankan Syariah 10, no. 1 (June 23, 2024): 104–15. https://doi.org/10.30997/jn.v10i1.13730.
Arifin, Johan, and Eke Ayu Wardani. “Islamic Corporat Social Responsibility Disclosure, Reputasi, Dan Kinerja Keuangan: Studi Pada Bank Syariah Di Indonesia.” Jurnal Akuntansi & Auditing Indonesia 20, no. 1 (2016): 38–46. https://doi.org/10.20885/jaai.vol20.iss1.art4.
Freeman, R. Edward. Strategic Management. Cambridge University Press, 2010. https://doi.org/10.1017/CBO9781139192675.
Handayani, Meutia, Emilda Kadriani, Icha Ayuningsih, and Talbani Farlian. “Analisis Penilaian Skor Pengungkapan Islamic Social Reporting (ISR) Pada Perusahaan Yang Terdaftar Di Jakarta Islamic Index (JII).” Jurnal Penelitian Ekonomi Akuntansi (JENSI) 4 (2020): 146–60.
Haniffa, Roszaini. “Social Responsibility Disclosure: An Islamic Perspective.” Indonesian Management and Accounting Research 1 (2002): 128–46.
Hidayat, Asep Syarifuddin, Hari Sutra Disemadi, Sholahuddin Al-Fatih, A. Salman Maggalatung, and Nur Rohim Yunus. “Legal Obligations of Corporate Social Responsibility as Efforts to Improve the Image of Islamic Banking in Indonesia.” Samarah 6, no. 2 (2022): 775–97. https://doi.org/10.22373/sjhk.v6i2.12455.
Ilmi, Nur, Sitti Fatimah, and Sumarlin. “Pengaruh Islamic Corporate Social Responsibility (ICSR) Dan Zakat Perusahaan Terhadap Kinerja Perbankan Dengan Ukuran Perusahaan Sebagai Variabel Moderating Pada Perbankan Syariah Di Indonesia (Periode 2015-2019).” IBEF Journal 1, no. 1 (2020): 95–118.
Jing, Zhang, Gazi Md Shakhawat Hossain, Badiuzzaman, Md Shahinur Rahman, and Najmul Hasan. “Does Corporate Reputation Play a Mediating Role in the Association between Manufacturing Companies’ Corporate Social Responsibility (CSR) and Financial Performance?” Green Finance 5, no. 2 (2023): 240–64. https://doi.org/10.3934/GF.2023010.
Kusumawati, Rita, Nurul Hilmi Asyilah, and Iskandar Bukhori. “Corporate Social Responsibility’s (CSR) Impact on Financial Performance: Moderating Effects of Earnings Management and Leverage.” Jurnal Manajemen Bisnis 13, no. 2 (2022): 223–34. https://doi.org/10.18196/mb.v13i2.12888.
Merina, Citra Indah, and Verawaty. “Pengungkapan Indeks Islamic Social Reporting Perusahaan Go Publik Yang Listing Di Jakarta Islamic Index.” Jurnal Ilmiah MBiA 15, no. 1 (2016): 71–84.
Muslihati, Muslihati, Siradjuddin Siradjuddin, and Syahruddin Syahruddin. “Corporate Social Responsibility (CSR) Dalam Perspektif Ekonomi Islam Pada Babnk Syariah.” JURNAL HUKUM EKONOMI SYARIAH 2, no. 1 (December 16, 2018): 29–42. https://doi.org/10.26618/j-hes.v2i1.1390.
Nunik, Nunik, and Dwi Ermayanti Susilo. “Pengaruh Good Corporate Governance, Corporate Social Responsibility, Kinerja Keuangan, Dan Ukuran Perusahaan Terhadap Nilai Perusahaan.” Jurnal Revenue : Jurnal Ilmiah Akuntansi 2, no. 2 (2022): 302–14. https://doi.org/10.46306/rev.v2i2.65.
Nurjanah, Risna, and Ade Sofyan Mulazid. “Pengaruh Kualitas Pelayanan Dan Corporate Social Responsibility Terhadap Citra Perusahaan.” Muqtasid: Jurnal Ekonomi Dan Perbankan Syariah 9, no. 1 (2018): 40. https://doi.org/10.18326/muqtasid.v9i1.40-53.
Sawitri, Desy Retma, Ahmad Juanda, and A Waluya Jati. “Analisis Pengungkapan Corporate Social Responsibility Perbankan Syariah Indonesia Berdasarkan Islamic Social Reporting Index.” Kompartemen: Jurnal Ilmiah Akuntansi 15, no. 2 (2017): 139–49. https://doi.org/10.30595/kompartemen.v15i2.1876.
Sidik, Ichwan, and Reskino. “Pengaruh Zakat Dan ICSR Terhadap Reputasi Dan Kinerja.” Simposium Nasional Akuntansi XIX, no. 23 (2016): 1–21.
Singh, Kuldeep, and Madhvendra Misra. “Linking Corporate Social Responsibility (CSR) and Organizational Performance: The Moderating Effect of Corporate Reputation.” European Research on Management and Business Economics 27, no. 1 (2021): 100139. https://doi.org/10.1016/j.iedeen.2020.100139.
Suib, Mohammad Syaiful, and Nur Hasanatul Faizah. “Corporate Social Responsibility (CSR) Dalam Isu-Isu Globalisasi Ekonomi (Studi Tentang Sustainability CSR Di Parawisata Pantai Duta Probolinggo).” Amwaluna: Jurnal Ekonomi Dan Keuangan Syariah 3, no. 2 (2019). https://doi.org/10.29313/amwaluna.v3i2.4383.
Suryani, Leonita. “Kinerja Bank Syariah : Pengungkapan ICSR Berdasarkan Teori Stakholder Dari Perspektif Islam.” E-QIEN Jurnal Ekonomi Dan Bisnis 10, no. 1 (2022): 478–86. https://doi.org/https://doi.org/10.34308/eqien.v10i1.564.
Syariati, Alim. “Islamic Corporate Social Responsibility (ICSR) Di Jakarta Islamic Index (JII): Analisis Mediasi Dan Moderasi.” Jurnal Iqtisaduna 8, no. 2 (2022): 166–80. https://doi.org/10.24252/iqtisaduna.v8i2.33218.
Usman, Berto, Oscar Tiago Fontes Bernardes, and Paulus Sulluk Kananlua. “On the Nexus between Csr Practices, Esg Performance, and Asymmetric Information.” Gadjah Mada International Journal of Business 22, no. 2 (2020): 151–77. https://doi.org/10.22146/gamaijb.54053.
Venturelli, Andrea, Salvatore Principale, Lorenzo Ligorio, and Simona Cosma. “Walking the Talk in Family Firms. An Empirical Investigation of
Yuliana, Rita, Bambang Purnomosidhi, and Eko Ganis Sukoharsono. “PENGARUH KARAKTERISTIK PERUSAHAAN TERHADAP PENGUNGKAPAN CORPORATE SOCIAL RESPONSIBILITY (CSR) DAN DAMPAKNYA TERHADAP REAKSI INVESTOR.” Jurnal Akuntansi Dan Keuangan Indonesia 5, no. 2 (2008): 245–76. https://doi.org/10.21002/jaki.2008.12.
Yusdantara, I Kadek, and Gede Bayu Rahanatha. “Pengaruh Corporate Social Responsibility Terhadap Reputasi Perusahaan Yang Dimediasi Oleh Kepuasan Pelanggan (Studi Pada Pt. Coca Cola Amatil Denpasar).” E-Jurnal Manajemen Universitas Udayana 4, no. 4 (2015): 813–31. http://www.scirp.org/journal/doi.aspx?DOI=10.4236/ib.2014.63013.
Yusuf, Muhammad Yasir. Islamic Corporate Social Responsibility (I-CSR) Lembaga Keuangan Syariah (Teori Dan Praktek). Jakarta: KENCANA, 2017.
Published
2025-07-22
How to Cite
Alif Maulana Bachtiar, & Abdullah, A. (2025). THE EFFECT OF ISLAMIC CORPORATE SOCIAL RESPONSIBILITY ON FINANCIAL PERFORMANCE AND REPUTATION OF ISLAMIC BANKS IN INDONESIA . Jurnal Dinamika Ekonomi Syariah, 12(2), 628 - 638. https://doi.org/10.53429/jdes.v12i2.1528
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