Islamic Corporate Governance and Islamic Social Responsibility Towards Maqashid Shariah
Abstract
This research aims to examine the implementation of Islamic corporate governance (ICG) and Islamic social responsibility (ISR) and their implication towards maqashid shariah. ICG proxied by IG-Score (Shariah Board, number of SB, doctoral qualification of SB and management risk) adopted by Sudaryati and Eskadewi (2012). ISR proxied by ISR Index that was adopted by Othman (2009) include: investment and finance, product and service, labour, social, environment, and organization. Maqashid Shariah proxied by Maqashid Shariah Index (MSI). This research used 10 samples of islamic bank listed on Indonesia Financial Services Authority (OJK) in period 2011 to 2014. Multiple regression has been used to examine the hypothetical research. Results of this research provide evidence that ICG negatively and significantly has no influence towards maqashid shariah, and ISR positively and significantly has an influence towards maqashid shariah. Simultaneously, this research provides evidence that the implementation of ICG and ISR on maqashid shariah.
Keywords: Islamic corporate governance, Islamic social responsibility and maqashid shariah
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