INTERNAL AUDIT WORK UNIT STRATEGY IN SUPERVISING SHARIA COMPLIANCE IN SHARIA BANKING
Abstract
This research aims to identify the strategy of the internal audit function carried out by Satuan Kerja Audit Internal (SKAI) in implementing sharia compliance supervision at Bank X. Qualitative research with a case study approach was used in this research to reach the research objective. Furthermore, research data was collected using semi-structured interviews and documentation technique. The research results found that the Satuan Kerja Audit Internal (SKAI) and the Sharia Supervisory Board (SSB) carried out sharia combined assurance as a strategy in monitoring sharia compliance. The limited competence of SKAI internal auditors is overcome by the sharia competence of SSB. This research encourages internal auditors to continue developing their competencies in accordance with the scope of their internal audit activities. This research also encourages regulators to facilitate internal auditors with sharia competency certification to support their position and role on sharia compliance supervision in sharia banking
References
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Castleberry, Ashley, dan Amanda Nolen. 2018. “Thematic Analysis of Qualitative Research Data: Is It as Easy as It Sounds?” Currents in Pharmacy Teaching and Learning 10 (6): 807–15. https://doi.org/10.1016/j.cptl.2018.03.019.
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Dewi, Sari Kusuma, and Tjiptohadi Sawarjuwono. 2019. "Sharia Auditor Challenge: Is It Enough Just with Sharia Accounting Certification?" Journal of Accounting and Business Dynamics 6 (1): 17–28. https://doi.org/10.24815/jdab.v6i1.10903.
D’Onza, Giuseppe, Georges M. Selim, Rob Melville, dan Marco Allegrini. 2015. “A Study on Internal Auditor Perceptions of the Function Ability to Add Value.” International Journal of Auditing 19 (3): 182–94. https://doi.org/10.1111/ijau.12048.
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House, Robert J., dan John R. Rizzo. 1972. “Role Conflict and Ambiguity as Critical Variables in A Model of Organizational Behavior.” Organizational Behavior and Human Performance 7 (3): 467–505. https://doi.org/10.1016/0030-5073(72)90030-X.
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Jusri, Aulia Putri Oktaviani, and Erina Maulidha. 2020. "The Role and Competence of Sharia Auditors in Supporting Sharia Banking Performance." JAS (Journal of Sharia Accounting) 4 (2): 222–41. https://doi.org/10.46367/jas.v4i2.255.
Kahn, Robert L., Donald M. Wolfe, Robert P. Quinn, J. Diedrick Snoek, dan Robert A. Rosenthal. 1964. Organizational Stress: Studies in Role Conflict and Ambiguity. Organizational stress: Studies in role conflict and ambiguity. Oxford, England: John Wiley.
Katz, Daniel, dan Robert L. Kahn. 1978. “The Social Physchology of Organizations.” American Journal of Sociology 72 (6): 677–677. https://doi.org/10.1086/224406.
Kiral, Halis, dan Hakan Karabacak. 2020. “Resolution of the Internal Audit-Based Role Conflicts in Risk Management: Evidence from Signaling Game Analysis.” Group Decision and Negotiation 29 (5): 823–41. https://doi.org/10.1007/s10726-020-09679-x.
Lahsasna, Ahcene. 2014. Shariah Non-Compliance Risk Management and Legal Documentation in Islamic Finance. 1 ed. John Wiley & Sons Singapore Ptc. Ltd.
Maguire, Moira, dan Brid Delahunt. 2017. “Doing A Thematic Analysis: A Practical, Step-by-Step Guide for Learning and Teaching Scholars.” All Ireland Journal of Higher Education 9 (3). https://ojs.aishe.org/index.php/aishe-j/article/view/335.
Nugraheni, Peni. 2017. "The Needs and Challenges of Sharia Audits and Sharia Auditors." Journal of Islamic Economics and Finance 2 (1): 76–88.
Ongera, Faith Kwamboka, dan Fredrick Ndede. 2019. “Shariah Banking and Financial Performance of Selected Commercial Banks in Kenya.” International Journal of Current Aspects 3 (VI): 50–66. https://doi.org/10.35942/ijcab.v3iVI.78.
Financial Services Authority. 2024. "Sharia Banking Statistics - November 2023." January 26, 2024. https://FSA.go.id/id/kanal/syariah/data-dan-statistik/statistik-perbankan-syariah/Pages/Statistik-Perbankan-Syariah---November-2023.aspx.
Oussii, Ahmed Atef, dan Neila Taktak Boulila. 2018. “The Impact of Internal Audit Function Characteristics on Internal Control Quality.” Managerial Auditing Journal 33 (5): 450–69. https://doi.org/10.1108/MAJ-06-2017-1579.
Prativi, Yulinda Putri, Citra Sukmadilaga, dan Cupian Cupian. 2021. “The Impact of Islamic Corporate Governance Disclosure, Islamic Intellectual Capital, Zakat, Financial Performance (SCnP Model), & Islamic Ethical Identity to Sustainable Business.” Jurnal Ekonomi Syariah Teori Dan Terapan 8 (2): 171–82. https://doi.org/10.20473/vol8iss20212pp171-182.
Puspitasari, Laili Latifah, dan Wuri Handayani. 2020. “Do the Characteristics of Internal Audits and Compliance Functions Affect Sharia Compliance?” Journal of Indonesian Economy and Business 35 (2): 97. https://doi.org/10.22146/jieb.54574.
Refinitiv. 2022. “Islamic Finance Development Report 2022 - Embracing Change.” 7. Islamic Corporation for The Development of The Private Sector.
Rito, and Fathimah Azzahra. 2018. "The Role of Internal Audit in Good Corporate Governance of Sharia Banks in Indonesia." Aggregate: Journal of Economics and Business 2 (1).
Suhartanto, Dwi, Christopher Gan, Ira Siti Sarah, dan Setiawan Setiawan. 2019. “Loyalty towards Sharia banking: Service Quality, Emotional or Religious Driven?” Journal of Islamic Marketing 11 (1): 66–80. https://doi.org/10.1108/JIMA-01-2018-0007.
Vinnari, Eija, dan Peter Skærbæk. 2014. “The Uncertainties of Risk Management: A Field Study on Risk Management Internal Audit Practices in A Finnish Municipality.” Accounting, Auditing & Accountability Journal 27 (3): 489–526. https://doi.org/10.1108/AAAJ-09-2012-1106.
Violita, Evony Silvino, and Gustining Handarbeni. 2017. "Analysis of the Effectiveness and Review of Sharia Audit in the Implementation and Supervision of Sharia Compliance in Sharia Banks." JRB-Journal of Business Research 1 (1): 41–50. https://doi.org/10.35592/jrb.v1i1.8.
Wulandari, Deasy, dan Ari Subagio. 2015. “Consumer Decision Making in Conventional Bank and Sharia bank on Quality of Service Perception.” Procedia - Social and Behavioral Sciences.
Ahmed, Selim, Muhammad Mohiuddin, Mahfuzur Rahman, Kazi Md Tarique, dan Md. Azim. 2021. “The Impact of Islamic Shariah Compliance on Customer Satisfaction in Sharia banking Services: Mediating Role of Service Quality.” Journal of Islamic Marketing 13 (9): 1829–42. https://doi.org/10.1108/JIMA-11-2020-0346.
Aisyah, Muniaty. 2018. “Sharia bank Service Quality and Its Impact on Indonesian Customers’ Satisfaction and Loyalty.” Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah 10 (2): 367–88. https://doi.org/10.15408/aiq.v10i2.7135.
Alam, Nafis, Lokesh Gupta, dan Bala Shanmugam. 2017. “Prohibition of Riba and Gharar in Sharia banking.” Dalam Islamic Finance: A Practical Perspective, disunting oleh Nafis Alam, Lokesh Gupta, dan Bala Shanmugam, 35–53. Cham: Springer International Publishing. https://doi.org/10.1007/978-3-319-66559-7_3.
Arrazi, Muhammad Fakhrul. 2021. "Compliance and Internal Audit Unit of Sharia banks in Indonesia: Is It in Accordance with Shariah Governance Principles?" An-Nisbah: Journal of Sharia Economics 8 (1). https://doi.org/10.21274/an.v8i1.3747.
Arwani, Agus. 2018. “Issues and Challenges of Shariah Auditing in Islamic Financial Institution and Corporate Governance Compliance.” Media Riset Akuntansi Auditing & Informasi 18 (2): 169–86. https://doi.org/10.25105/mraai.v18i2.3008.
Asnawi, Nur, Badri Munir Sukoco, dan Muhammad Asnan Fanani. 2019. “The Role of Service Quality within Indonesian Customers Satisfaction and Loyalty and Its Impact on Sharia banks.” Journal of Islamic Marketing 11 (1): 192–212. https://doi.org/10.1108/JIMA-03-2017-0033.
Birton, Muhammad Nur A., Ari Ermawati, Ektinahati Ektinahati, dan Muhammad Muttaqin. 2022. “Disclosure of Internal Audit Functions of Sharia banks in Indonesia.” Journal of Accounting and Investment 24 (1): 237–51. https://doi.org/10.18196/jai.v24i1.16388.
Castleberry, Ashley, dan Amanda Nolen. 2018. “Thematic Analysis of Qualitative Research Data: Is It as Easy as It Sounds?” Currents in Pharmacy Teaching and Learning 10 (6): 807–15. https://doi.org/10.1016/j.cptl.2018.03.019.
Chapra, Muhammad U. 1979. Objectives of the Islamic Economic Order. Leicester: The Islamic Foundation.
Dewi, Sari Kusuma, and Tjiptohadi Sawarjuwono. 2019. "Sharia Auditor Challenge: Is It Enough Just with Sharia Accounting Certification?" Journal of Accounting and Business Dynamics 6 (1): 17–28. https://doi.org/10.24815/jdab.v6i1.10903.
D’Onza, Giuseppe, Georges M. Selim, Rob Melville, dan Marco Allegrini. 2015. “A Study on Internal Auditor Perceptions of the Function Ability to Add Value.” International Journal of Auditing 19 (3): 182–94. https://doi.org/10.1111/ijau.12048.
Eklof, Jan, Olga Podkorytova, dan Aleksandra Malova. 2020. “Linking Customer Satisfaction with Financial Performance: An Empirical Study of Scandinavian Banks.” Total Quality Management & Business Excellence 31 (15–16): 1684–1702. https://doi.org/10.1080/14783363.2018.1504621.
Fauzi, Abu Amar, dan Tatik Suryani. 2018. “Measuring The Effects of Service Quality by Using CARTER Model towards Customer Satisfaction, Trust and Loyalty in Indonesian Sharia banking.” Journal of Islamic Marketing 10 (1): 269–89. https://doi.org/10.1108/JIMA-04-2017-0048.
Golovkova, Anastasia, Jan Eklof, Aleksandra Malova, dan Olga Podkorytova. 2019. “Customer Satisfaction Index and Financial Performance: A European Cross Country Study.” International Journal of Bank Marketing 37 (2): 479–91. https://doi.org/10.1108/IJBM-10-2017-0210.
Hanefah, Mohammad Mustafa, Zurina Shafii, Supiah Salleh, dan Nurazalia Zakaria. 2012. Governance and Shariah Audit in Islamic Financial Institutions. Bandar Baru Nilai: USIM Publ.
Hosen, Muhamad Nadratuzzaman, Fitriyani Lathifah, dan Ferry Jie. 2019. “Perception and Expectation of Customers in Sharia bank Perspective.” Journal of Islamic Marketing 12 (1): 1–19. https://doi.org/10.1108/JIMA-12-2018-0235.
House, Robert J., dan John R. Rizzo. 1972. “Role Conflict and Ambiguity as Critical Variables in A Model of Organizational Behavior.” Organizational Behavior and Human Performance 7 (3): 467–505. https://doi.org/10.1016/0030-5073(72)90030-X.
Islamic Financial Services Board (IFSB). 2005. “Guiding Principles of Risk Management for Institutions (Other than Insurance Institutions) Offeering Only Islamic Financial Services.” Islamic Financial Services Board.
Jusri, Aulia Putri Oktaviani, and Erina Maulidha. 2020. "The Role and Competence of Sharia Auditors in Supporting Sharia Banking Performance." JAS (Journal of Sharia Accounting) 4 (2): 222–41. https://doi.org/10.46367/jas.v4i2.255.
Kahn, Robert L., Donald M. Wolfe, Robert P. Quinn, J. Diedrick Snoek, dan Robert A. Rosenthal. 1964. Organizational Stress: Studies in Role Conflict and Ambiguity. Organizational stress: Studies in role conflict and ambiguity. Oxford, England: John Wiley.
Katz, Daniel, dan Robert L. Kahn. 1978. “The Social Physchology of Organizations.” American Journal of Sociology 72 (6): 677–677. https://doi.org/10.1086/224406.
Kiral, Halis, dan Hakan Karabacak. 2020. “Resolution of the Internal Audit-Based Role Conflicts in Risk Management: Evidence from Signaling Game Analysis.” Group Decision and Negotiation 29 (5): 823–41. https://doi.org/10.1007/s10726-020-09679-x.
Lahsasna, Ahcene. 2014. Shariah Non-Compliance Risk Management and Legal Documentation in Islamic Finance. 1 ed. John Wiley & Sons Singapore Ptc. Ltd.
Maguire, Moira, dan Brid Delahunt. 2017. “Doing A Thematic Analysis: A Practical, Step-by-Step Guide for Learning and Teaching Scholars.” All Ireland Journal of Higher Education 9 (3). https://ojs.aishe.org/index.php/aishe-j/article/view/335.
Nugraheni, Peni. 2017. "The Needs and Challenges of Sharia Audits and Sharia Auditors." Journal of Islamic Economics and Finance 2 (1): 76–88.
Ongera, Faith Kwamboka, dan Fredrick Ndede. 2019. “Shariah Banking and Financial Performance of Selected Commercial Banks in Kenya.” International Journal of Current Aspects 3 (VI): 50–66. https://doi.org/10.35942/ijcab.v3iVI.78.
Financial Services Authority. 2024. "Sharia Banking Statistics - November 2023." January 26, 2024. https://FSA.go.id/id/kanal/syariah/data-dan-statistik/statistik-perbankan-syariah/Pages/Statistik-Perbankan-Syariah---November-2023.aspx.
Oussii, Ahmed Atef, dan Neila Taktak Boulila. 2018. “The Impact of Internal Audit Function Characteristics on Internal Control Quality.” Managerial Auditing Journal 33 (5): 450–69. https://doi.org/10.1108/MAJ-06-2017-1579.
Prativi, Yulinda Putri, Citra Sukmadilaga, dan Cupian Cupian. 2021. “The Impact of Islamic Corporate Governance Disclosure, Islamic Intellectual Capital, Zakat, Financial Performance (SCnP Model), & Islamic Ethical Identity to Sustainable Business.” Jurnal Ekonomi Syariah Teori Dan Terapan 8 (2): 171–82. https://doi.org/10.20473/vol8iss20212pp171-182.
Puspitasari, Laili Latifah, dan Wuri Handayani. 2020. “Do the Characteristics of Internal Audits and Compliance Functions Affect Sharia Compliance?” Journal of Indonesian Economy and Business 35 (2): 97. https://doi.org/10.22146/jieb.54574.
Refinitiv. 2022. “Islamic Finance Development Report 2022 - Embracing Change.” 7. Islamic Corporation for The Development of The Private Sector.
Rito, and Fathimah Azzahra. 2018. "The Role of Internal Audit in Good Corporate Governance of Sharia Banks in Indonesia." Aggregate: Journal of Economics and Business 2 (1).
Suhartanto, Dwi, Christopher Gan, Ira Siti Sarah, dan Setiawan Setiawan. 2019. “Loyalty towards Sharia banking: Service Quality, Emotional or Religious Driven?” Journal of Islamic Marketing 11 (1): 66–80. https://doi.org/10.1108/JIMA-01-2018-0007.
Vinnari, Eija, dan Peter Skærbæk. 2014. “The Uncertainties of Risk Management: A Field Study on Risk Management Internal Audit Practices in A Finnish Municipality.” Accounting, Auditing & Accountability Journal 27 (3): 489–526. https://doi.org/10.1108/AAAJ-09-2012-1106.
Violita, Evony Silvino, and Gustining Handarbeni. 2017. "Analysis of the Effectiveness and Review of Sharia Audit in the Implementation and Supervision of Sharia Compliance in Sharia Banks." JRB-Journal of Business Research 1 (1): 41–50. https://doi.org/10.35592/jrb.v1i1.8.
Wulandari, Deasy, dan Ari Subagio. 2015. “Consumer Decision Making in Conventional Bank and Sharia bank on Quality of Service Perception.” Procedia - Social and Behavioral Sciences.
Published
2024-09-26
How to Cite
PRIHARDINI, Firna Maristha; ANDRIANI, Sri.
INTERNAL AUDIT WORK UNIT STRATEGY IN SUPERVISING SHARIA COMPLIANCE IN SHARIA BANKING.
Proceedings of the International Conference of Islamic Economics and Business (ICONIES), [S.l.], v. 10, n. 1, p. 653-662, sep. 2024.
ISSN 2541-3333.
Available at: <https://conferences.uin-malang.ac.id/index.php/iconies/article/view/2943>. Date accessed: 15 may 2026.
Section
Articles
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