Does digitalization affect shariah supervisory board efficiency? Evidence from Islamic banks

IF 2.5 Q2 BUSINESS, FINANCE

Journal of Islamic Accounting and Business Research Pub Date : 2024-02-26 DOI:10.1108/jiabr-03-2023-0077

Sabrine Cherni, Anis Ben Amar

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引用次数: 0

Abstract

Purpose

This study aims to examine how digitalization affects the work efficiency of the Shariah Supervisory Board (SSB) in Islamic banks.

Design/methodology/approach

This study uses panel data analysis of annual report disclosures over the past 10 years. The authors have selected 79 Islamic banks for the period ranging from 2012 to 2021. The criteria for SSB efficiency used in this research are disclosure of Zakat and disclosure in the SSB report.

Findings

The econometric results show that digitalization has a positive effect on improving the work efficiency of the SSB in Islamic banks. Accordingly, the authors provide evidence that the higher the bank's digital engagement, the higher the quality of the SSB.

Originality/value

The findings highlight the need to improve the current understanding of SSB structures and governance mechanisms that can better assist Islamic banks in engaging in effective compliance with recent governance and accounting reforms. Moreover, Islamic banks are the most capable and appropriate to implement and activate digitalization because they are based on a vital root calling for development if there are executives believing in it, as well as legislation supporting and serving them.

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数字化会影响伊斯兰教法监督委员会的效率吗？来自伊斯兰银行的证据

目的本研究旨在探讨数字化如何影响伊斯兰银行伊斯兰教法监督委员会（SSB）的工作效率。作者选取了 2012 年至 2021 年期间的 79 家伊斯兰银行。研究结果计量经济学结果表明，数字化对提高伊斯兰银行 SSB 的工作效率有积极作用。因此，作者提供的证据表明，银行的数字化参与度越高，特别监管委员会的质量也就越高。原创性/价值研究结果突出表明，有必要改善目前对特别监管委员会结构和治理机制的理解，从而更好地帮助伊斯兰银行有效遵守近期的治理和会计改革。此外，伊斯兰银行是最有能力、最适合实施和激活数字化的银行，因为如果有相信数字化的高管，以及支持和服务于他们的立法，伊斯兰银行就会建立在呼唤发展的重要根基之上。

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来源期刊

Journal of Islamic Accounting and Business Research BUSINESS, FINANCE-

CiteScore

4.80

自引率

22.70%

发文量

期刊介绍： The journal provides a dynamic forum for the advancement of accounting and business knowledge based on Shari’ah and Islamic activities that have an impact on the welfare of society. JIABR publishes articles on the interplay between Islamic business ethics, accounting, auditing and governance, in promoting accountability, socio-economic justice (adl) and everlasting success (al-falah). It seeks to inform, among others, current theoretical and empirical research and practice in Islamic accounting, auditing and corporate governance, management of Islamic organizations, accounting regulation and policy for Islamic institutions, Shari’ah auditing and corporate governance, financial and non-financial performance measurement and disclosure in Islamic institutions and organizations. All styles of research, theoretical and empirical, case studies, practice-based papers and research notes that are well written and falling within the journal''s scope, are generally welcomed by the journal. Scope/Coverage Development of accounting, auditing and corporate governance concepts based on Shari’ah Socio-political influence on accounting and auditing regulation and policy making for Islamic financial institutions and organizations Historical perspectives on Islamic accounting, auditing and financial management Critical analysis on issues and challenges on accounting disclosure and measurement, Shari’ah audit and corporate governance Controls and risks in Islamic organizations Financial and non-financial performance measurement and disclosure.