Compliance with Islamic Accounting Standards (PSAK Syariah) significantly enhances the profitability of Islamic banks in Indonesia. This finding was revealed by Mardi from Universitas Swadaya Gunung Jati in a study published in 2026. Analyzing data from the 2020–2024 period, the research confirms that adhering to accounting standards is not merely a regulatory requirement but a strategic instrument to strengthen financial performance and bolster stakeholder trust.
The Importance of Governance and Transparency
Indonesia’s Islamic banking sector has undergone major transformations, including the consolidation of state-owned Islamic banks. However, numerical growth in assets and customers is insufficient on its own; strong governance and strict adherence to sharia principles—particularly in financial reporting—are essential. Compliance with Islamic accounting standards serves as a reflection of a bank’s integrity and credibility, which ultimately impacts long-term financial stability.
Research Methodology
This study utilized a quantitative explanatory approach. The researcher analyzed secondary data from 40 Islamic Commercial Banks supervised by the Financial Services Authority (OJK) between 2020 and 2024. Using purposive sampling, the data were processed via multiple linear regression to test the relationship between the level of compliance with accounting standards and three profitability indicators: Return on Assets (ROA), Return on Equity (ROE), and Net Profit Margin (NPM).
Key Findings
Statistical analysis demonstrates that compliance with Islamic Accounting Standards has a positive and significant effect on all three profitability indicators:
- ROA (0.001): Higher compliance improves the efficiency of asset utilization in generating profit.
- ROE (0.026): Higher compliance supports more effective capital management, leading to increased returns for shareholders.
- NPM (0.001): Higher compliance enhances the quality of revenue recognition and operational efficiency.
Impact on Industry and Policy
The study provides empirical evidence that the transparency and accountability achieved through compliance with Islamic accounting standards increase trust among investors and customers. For Islamic banks, implementing these standards not only impacts profitability but also strengthens their competitive standing in the market. The researcher recommends that bank management further refine their financial reporting systems, while the Financial Services Authority (OJK) is urged to intensify oversight of the implementation of these standards within the industry.
Author Profile:
Mardi is an academic from Universitas Swadaya Gunung Jati, Cirebon, Indonesia, specializing in Islamic accounting and banking financial management.
Research Source:
Mardi. (2026). "The Effect of Compliance with Islamic Accounting Standards on the Profitability of Islamic Banks in Indonesia". Indonesian Journal of Business Analytics (IJBA), 6(3), 793-802. DOI: https://doi.org/10.55927/ijba.v6i3.16597
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