CAMELS AS AN INSTRUMENT OF PERFORMANCE MEASUREMENT OF SHARIA BANKS IN THE ISLAMIC CONCEPT OF JUSTICE

Authors

  • Siti Asiam a Author

DOI:

https://doi.org/10.71282/jurmie.v3i6.2204

Keywords:

CAMELS, Justice, Material, Spiritual, Paired Epistemology

Abstract

This research has the purpose to analyze camels as an instrument of performance measurement of sharia banks with Islamic concept of justice by using the theory of paired epistemology and through analysis of the materialistic aspect with the spiritualistic aspect by using a qualitative method and document studies. The result of this research concluded that the assessment components of CAMELS that is stated in Peraturan Bank Indonesia Nomor: 9/1/PBI/2007 and Surat Edaran Bank Indonesia No.9/24/DPbS do not fulfill the justice based on justice in paired epistemology theory. This is because there is not yet a formulated standard that is suitable for sharia banks.

Downloads

Download data is not yet available.

References

Abdillah, & Tidjani, A. M. (2025). Hadith About Capital in Education and Economics. Values., 2(4), 449–457. https://doi.org/10.61166/values.v2i4.27

Abdullah, A. (2018). Late Payment Treatment in Islamic Banking Institutions in Malaysia: A Maqasid Analysis. International Journal of Academic Research in Business and Social Sciences, 8(11). https://doi.org/10.6007/ijarbss/v8-i11/4882

Agustin, H., Armis, & Hasan, H. (2022). TEORI MANAJEMEN RESIKO BANK SYARIAH. Jurnal Tabarru Islamic Banking and Finance, 5(2), 551–564. https://doi.org/10.25299/jtb.2022.vol5(2).11251

Ardani, B., & Mahmud, H. (2024). Konsep dan Prinsip-Prinsip Manajemen Perspektif Al-Qur’an. Karakter Jurnal Riset Ilmu Pendidikan Islam, 1(4), 137–148. https://doi.org/10.61132/karakter.v1i4.170

Asni, F., Mahamud, M. A., & Sulong, J. (2021). Management of Community Perception Issues to Ceiling and Floating Rates on Islamic Home Financing Based on Maqasid Shariah Concept. International Journal of Academic Research in Business and Social Sciences, 11(7). https://doi.org/10.6007/ijarbss/v11-i7/9852

Awan, A., Ali, W., Rehman, H. K. U., & Idrees, S. (2023). Comparative Analyses of The Islamic System with Other Economy System in The World. Pakistan Journal of Humanities and Social Sciences, 11(2), 846–856. https://doi.org/10.52131/pjhss.2023.1102.0395

Azid, T., Rawashdeh, O. H., & Chaudhry, M. O. (2021). Debt, risk, and Islamic moral economy (pp. 55–71). https://doi.org/10.4324/9781003050209-5

Baharuddin, D., & Anwar, H. (2023). COMPATIBILITY OF ISLAM AND CAPITALISM: DIMENSIONS OF CAPITALISM IN THE QURAN. ILMU USHULUDDIN, 10(1), 64–81. https://doi.org/10.15408/iu.v10i1.35738

Bayinah, A. N., Said, M., & Suparta, M. S. . Dr. I. N. (2021). Social-Commercial Interconnection: Lessons from Bank Muamalat Indonesia & Baitulmaal Muamalat Affiliation. Journal of Islamic Monetary Economics and Finance, 7(2), 341–368. https://doi.org/10.21098/jimf.v7i2.1339

Bilginir, Y. (2024). The Cause of Interest in Islamic Economics and Its Reflections on Today’s Practices. DergiPark (Istanbul University). https://dergipark.org.tr/en/pub/sarkiat/issue/91714/1530145

Boubaker, S., Ngo, T., Samitas, A., & Tripe, D. (2024). An MCDA composite index of bank stability using CAMELS ratios and shannon entropy. Annals of Operations Research, 353(1), 353–376. https://doi.org/10.1007/s10479-024-06023-3

Febriani, R., Thoyib, A., Surachman, & Rofiaty, R. (2017). STUDY ON THE RELATIONSHIP BETWEEN ISLAMIC LEADERSHIP STYLE, WORK ETHICS, JOB SATISFACTION, AND EMPLOYEE PERFORMANCE. Russian Journal of Agricultural and Socio-Economic Sciences, 61(1), 238–248. https://doi.org/10.18551/rjoas.2017-01.25

Febrianto, A. D., & Khabib, N. (2021). The effect of islamic corporate governance on internet financial reporting with risk disclosure as a moderator variable at Indonesian islamic banks. Indonesian Journal of Islamic Economics Research, 3(2), 97–107. https://doi.org/10.18326/ijier.v3i2.6422

Firdaus, A. (2021). Determination of organisational essential needs as the basis for developing amaṣlaḥah-based performance measurement. ISRA International Journal of Islamic Finance, 13(2), 229–250. https://doi.org/10.1108/ijif-11-2017-0041

Hamidah, S., & Dewantara, R. (2023). The Alignment of Social, Economic and Environmental Aspects in Sustainable Finance of Islamic Green Banking. In Advances in economics, business and management research/Advances in Economics, Business and Management Research (pp. 199–214). Atlantis Press. https://doi.org/10.2991/978-94-6463-140-1_20

Hassan, M. K., & Kayed, R. N. (2009). The Global Financial Crisis, Risk Management and Social Justice in Islamic Finance. ISRA International Journal of Islamic Finance, 1(1), 33–58. https://doi.org/10.55188/ijif.v1i1.63

Hatta, Z. M., Nawas, A., & Rahman, F. A. (2023). The role of accountability in strengthening business sustainability: An Islamic perspective. International Journal of Research in Business and Social Science (2147-4478), 12(5), 223–236. https://doi.org/10.20525/ijrbs.v12i5.2717

Ihsan, A., Nur, A., & Kadir, S. (2022). Islamic Wealth Management And Corporate Governance. El-Qish Journal of Islamic Economics, 2(2), 85–96. https://doi.org/10.33830/elqish.v2i2.4158.2022

Komaruddin, K. (2020). Fairness in the distribution of land ownership in Indonesia based on Islamic law perspective. IJTIHAD Jurnal Wacana Hukum Islam Dan Kemanusiaan, 20(2), 211–234. https://doi.org/10.18326/ijtihad.v20i2.211-234

Konsep Dasar Standar Akuntansi Perbankan Syari’ah. JAAI VOLUME 7

Maulida, M., Leniwati, D., & Oktavendi, T. W. (2022). Islamic Accounting on Local Wisdom: Interpreting the Payable Concept in the Bhubuwan Tradition. Share Jurnal Ekonomi Dan Keuangan Islam, 11(2), 526–543. https://doi.org/10.22373/share.v11i2.14829

Mohajan, H. K. (2018). QUALITATIVE RESEARCH METHODOLOGY IN SOCIAL SCIENCES AND RELATED SUBJECTS. Journal of Economic Development Environment and People, 7(1), 23–23. https://doi.org/10.26458/jedep.v7i1.571

Mustakim, Z., Ali, F., & Kamal, R. (2021). Empowering Students as Agents of Religious Moderation in Islamic Higher Education Institutions. Jurnal Pendidikan Islam, 7(1), 65–76. https://doi.org/10.15575/jpi.v7i1.12333

NO. 1; 37-51).

Rahmanti, V. N., & Sawarjuwono, T. (2020). Liberating Accounting with a Religio-Cultural Approach. Journal of Accounting and Investment, 21(3). https://doi.org/10.18196/jai.2103161

Rai, P. N., & Chamling, M. (2024). Implementation of Distributive Justice as Provisioned in the Constitution of Nepal. Journal of Contemporary Review, 2(2), 61–72. https://doi.org/10.3126/jcr.v2i2.87332

Rhanoui, S., & Belkhoutout, K. (2019). Risks Faced by Islamic Banks: A Study on the Compliance Between Theory and Practice. International Journal of Financial Research, 10(2), 137–137. https://doi.org/10.5430/ijfr.v10n2p137

Rosmanidar, E., Hadi, A. A. A., & Ahsan, M. (2021). ISLAMIC BANKING PERFORMANCE MEASUREMENT: A CONCEPTUAL REVIEW OF TWO DECADES. International Journal of Islamic Banking and Finance Research, 5(1), 16–33. https://doi.org/10.46281/ijibfr.v5i1.1056

Rudyanto, A., & Siregar, S. V. (2018). The effect of stakeholder pressure and corporate governance on the sustainability report quality. International Journal of Ethics and Systems, 34(2), 233–249. https://doi.org/10.1108/ijoes-05-2017-0071

Rusydiana, A. S., & Sanrego, Y. D. (2018). MEASURING THE PERFORMANCE OF ISLAMIC BANKING IN INDONESIA: AN APPLICATION OF MASLAHAH-EFFICIENCY QUADRANT (MEQ). Journal of Islamic Monetary Economics and Finance, 3, 79–98. https://doi.org/10.21098/jimf.v3i0.909

Said, S., Amiruddin, A. M. A., Asad, A., Rustan, C., & Sofyan, A. S. (2019). Managing with Sharia: Strengthening Sharia Banking Spiritual Literation. JURNAL MINDS Manajemen Ide Dan Inspirasi, 6(2), 161–161. https://doi.org/10.24252/minds.v6i2.10297

Saori, S. (2019). Measuring of Islamic Business Ethics in Indonesia Islamic Bank. Archives of Business Research, 7(1). https://doi.org/10.14738/abr.11.6029

Sidik., Ar. (2017). THE INFLUENCE OF THE ISLAMIC BUSINESS ETHICS AND SPIRITUAL INTELLIGENCE OF ISLAMIC LEADERSHIP AND PERFORMANCE MANAGER SHARIA BANK IN SURABAYA. International Journal of Advanced Research, 5(2), 1067–1073. https://doi.org/10.21474/ijar01/3253

Suganda, A. D., Anita, A., & Wulandari, S. (2023). How to Overcome the Risk of Islamic Banks: Evidence from Indonesia. El-Barka Journal of Islamic Economics and Business, 6(1), 48–78. https://doi.org/10.21154/elbarka.v6i1.6795

Suhartini, N., Tamika, R. A., & Nor, A. (2024). Investment Risk Management in Sharia Banking : A Literature Study. Journal of Islamic Economics and Philanthropy, 6(4), 311–324. https://doi.org/10.21111/jiep.v6i4.11091

Syibly, M. R., & Purwanto, M. R. (2021). Morality and Justice in the Islamic Economics. Advances in Economics, Business and Management Research/Advances in Economics, Business and Management Research, 168. https://doi.org/10.2991/aebmr.k.210305.063

Triyuwono, I. (2011). Akuntansi syari'ah: Menuju puncak kesadaran ketuhanan Manunggaling Kawulo Gusti. Jurnal Akuntansi Multiparadigma, 2(2).

Triyuwono, Iwan. 2003. Konsekuensi Penggunakan Entity Theory Sebagai

Wahyuni, S., Pujiharto, P., & Hartikasari, A. I. (2020). Sharia Maqashid Index and Its Effect on The Value of The Firm of Islamic Commercial Bank in Indonesia. Riset Akuntansi Dan Keuangan Indonesia, 36–45. https://doi.org/10.23917/reaksi.v5i1.9493

Wardhana, A. K. (2021). The Application of Waqf and Endowment Fund Based on the Principles in the Sharia Maqashid Pillar Society. Prosperity Journal of Society and Empowerment, 1(2), 107–119. https://doi.org/10.21580/prosperity.2021.1.2.8829

Yusriansah, I., Yulrefan, R., & Selviyana, S. (2025). Analisis Perbedaan Prinsip dan Operasional Antara Bank Syariah dan Bank Konvensional Indonesia. Jurnal Ilmiah Ekonomi dan Manajemen, 3(11), 146–154. https://doi.org/10.61722/jiem.v3i11.6969

Downloads

Published

15-06-2026

How to Cite

CAMELS AS AN INSTRUMENT OF PERFORMANCE MEASUREMENT OF SHARIA BANKS IN THE ISLAMIC CONCEPT OF JUSTICE. (2026). Jurnal Riset Multidisiplin Edukasi, 3(6), 841-855. https://doi.org/10.71282/jurmie.v3i6.2204

Similar Articles

11-20 of 119

You may also start an advanced similarity search for this article.