Implikasi Komitmen Kepemimpinan Islam dan Dimensi Green Finance dalam Mendorong Kinerja Berkelanjutan Perbankan Syariah Indonesia

  • Muhammad Alfarizi Binus University
  • Rastinia Kamila Hanum Binus University
  • Almayda Andriana Firmansyah Binus University
  • Rini Kurnia Sari Binus University
Abstract views: 471 , PDF downloads: 379
Keywords: Ekonomi Hijau, Green Finance, Kelestarian Lingkungan, Kinerja Keberlanjutan, Perbankan Syariah

Abstract

Konsep Green Finance (GF) dipandang sebagai awal dari pengembangan ekonomi hijau lembaga keuangan di Indonesia. Perbankan syariah sebagai lembaga keuangan syariah memiliki potensi tinggi untuk berkontribusi dalam ekosistem GF yang berkelanjutan. Komitmen bank syariah dan peran kepemimpinan syariah dalam manajemen puncak diperlukan dalam implementasi GF pada program kehijauan internal-eksternal. Penelitian ini bertujuan untuk eksplorasi pengetahuan lebih lanjut mengenai faktor pengaruh green financing terhadap kinerja berkelanjutan bank syariah di Indonesia dengan mempertimbangkan komitmen bank dan kepemimpinan syariah. Studi ini mempertimbangkan pendapat bankir melalui studi kuantitatif survei online menggunakan analisis SEM PLS dalam menguji sembilan hipotesis. Hasil penelitian menunjukkan bahwa Kepemimpinan Islam berpengaruh signifikan terhadap dimensi ekonomi, sosial dan lingkungan GF sedangkan komitmen bank berpengaruh tidak signifikan terhadap dimensi sosial. Selanjutnya, pengujian hipotesis dimensi GF terhadap kinerja bank syariah yang berkelanjutan menunjukkan pengaruh yang signifikan terhadap dimensi ekonomi-lingkungan dan tidak signifikan terhadap dimensi sosial. Studi ini menyoroti pentingnya komitmen perbankan syariah dan kepemimpinan ekologis Muslim pada manajerial bank syariah untuk mendorong GF dalam ekspansi ekonomi jangka panjang yang berkelanjutan, memajukan sektor perbankan serta mendorong ekonomi hijau berkelanjutan yang dicanangkan pemerintah Republik Indonesia. Oleh karena itu, implikasi kebijakan manajerial utama dibahas.

Downloads

Download data is not yet available.

References

Abidin, A. F. Z., Hashim, H. A., & Ariff, A. M. (2017). Ethical commitments and financial performance: Evidence from publicly listed companies in Malaysia. Asian Academy of Management Journal, 22(2), 53–95. https://doi.org/10.21315/aamj2017.22.2.3

Abubakar, L., & Handayani, T. (2018). Juridical Review of the Implementation of Corporate Social Responsibility (CSR) as a Banking Commitment to Realizing Sustainable Banking (Case Study at PT Bank BJB, Tbk). Varia Justicia, 14(2), 61–73. https://doi.org/10.31603/variajusticia.v14i2.2299

Akomea-Frimpong, I., Adeabah, D., Ofosu, D., & Tenakwah, E. J. (2021). A review of studies on green finance of banks, research gaps and future directions. Journal of Sustainable Finance and Investment, 1–24. https://doi.org/10.1080/20430795.2020.1870202

Ali, Q., Salman, A., Yaacob, H., Zaini, Z., & Abdullah, R. (2020). Does big data analytics enhance sustainability and financial performance? The case of ASEAN banks. Journal of Asian Finance, Economics and Business, 7(7), 1–13. https://doi.org/10.13106/jafeb.2020.vol7.no7.001

As’ad, S. (2020). Sharia Bank Marketing Communication Strategies in Increasing Brand Awareness (Study on Islamic Bank in Yogyakarta City). Afkaruna: Indonesian Interdisciplinary Journal of Islamic Studies, 20(2). https://doi.org/10.18196/aiijis.2020.0122.228-248

Bukhari, S. A. A., Hashim, F., & Amran, A. (2022). Pathways towards Green Banking adoption: moderating role of top management commitment. International Journal of Ethics and Systems, 38(2), 286–315. https://doi.org/10.1108/IJOES-05-2021-0110

Bukhari, S. A. A., Hashim, F., Amran, A. Bin, & Hyder, K. (2020). Green Banking and Islam: two sides of the same coin. Journal of Islamic Marketing, 11(4), 977–1000. https://doi.org/10.1108/JIMA-09-2018-0154

Cai, R., & Guo, J. (2021). Finance for the environment: A scientometrics analysis of green finance. Mathematics, 9(13), 1–15. https://doi.org/10.3390/math9131537

Choiriyah, Saprida, & Sari, E. (2017). Development of Sharia banking system in Indonesia. Mizan, 5(1), 17–28.

Dhar, B. K., Masruki, R., Mutalib, M., Rahouma, H. M., Sobhani, F. A., & Absar, M. M. N. (2018). Mediating Effect of Organizational Commitment Between Islamic Human Resource Practices and Organizational Performance Among Islamic Banks of Bangladesh. The Journal of Muamalat and Islamic Finance Research, 15(2), 54–65. https://doi.org/10.33102/jmifr.v15i2.177

Dong, Y., & Hauschild, M. Z. (2017). Indicators for Environmental Sustainability. Procedia CIRP, 61, 697–702. https://doi.org/10.1016/j.procir.2016.11.173

Echchabi, A., & Olaniyi, O. N. (2012). Malaysian consumers’ preferences for Islamic banking attributes. International Journal of Social Economics, 39(11), 859–874. https://doi.org/10.1108/03068291211263907

Ekowati, V. M., Surachman, Sumiati, & Sudiro, A. (2017a). The effect of transformational leadership on organizational citizenship behavior mediated by job satisfaction and organizational commitment (study at Islamic Bank in Malang Raya). International Journal of Economic Research, 14(3).

Ekowati, V. M., Surachman, Sumiati, & Sudiro, A. (2017b). The effect of transformational leadership on organizational citizenship behavior mediated by job satisfaction and organizational commitment (study at Islamic Bank in Malang Raya). International Journal of Economic Research, 14(3).

Fadila, D., Lupikawaty, M., & Africano, F. (2022). The mediation role of trust on the effect of commitment to religiosity and marketing communication on customer loyalty of islamic banks. International Journal of Communication and Society, 4(1), 137–152.

Ghozali. (2013). Structural Equation Modeling, Metode Alternatif dengan Partial Least Square (PLS), Edisi 4, Semarang: Badan Penerbit Universitas Diponegoro. Seminar Nasional Matematika Dan Aplikasinya.

Ghozali, M., Azmi, M. U., & Nugroho, W. (2019). Perkembangan Bank Syariah Di Asia Tenggara: Sebuah Kajian Historis. Falah: Jurnal Ekonomi Syariah, 4(1), 44. https://doi.org/10.22219/jes.v4i1.8700

Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2018). The Results of PLS-SEM Article information. European Business Review, 31(1), 2–24.

Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019a). When to use and how to report the results of PLS-SEM. European Business Review, 31(1), 2–24. https://doi.org/10.1108/EBR-11-2018-0203

Hair, J. F., Risher, J. J., Sarstedt, M., & Ringle, C. M. (2019b). When to use and how to report the results of PLS-SEM. European Business Review, 31(1), 2–24. https://doi.org/10.1108/EBR-11-2018-0203

Hair Jr., J. F., Matthews, L. M., Matthews, R. L., & Sarstedt, M. (2017). PLS-SEM or CB-SEM: updated guidelines on which method to use. International Journal of Multivariate Data Analysis, 1(2), 107. https://doi.org/10.1504/ijmda.2017.10008574

Hamzah, Z., Basri, Y. Z., & . Z. (2021). the Influence of Islamic Leadership and Islamic Work Ethics on Employee Performance of Islamic Banks in Riau Province Mediated By Islamic Organizational Culture. International Journal of Islamic Business & Management, 5(1), 23–34. https://doi.org/10.46281/ijibm.v5i1.1136

Herath, A., & Herath, S. (2019). Impact of Green Banking Initiatives on Customer Satisfaction: A Conceptual Model of Customer Satisfaction on Green Banking. IOSR Journal of Business Management, 21(February), 24–35. https://doi.org/10.9790/487X-2101032435

Hindersah, R., Handyman, Z., Indriani, F. N., Suryatmana, P., & Nurlaeny, N. (2020). Environmental damage assessment due to traditional mining on local scale in the Wungkal Hills, Yogyakarta-Indonesia. Journal of Degraded and Mining Lands Management, 7(2), 1995–2000. https://doi.org/10.15243/jdmlm

Hutomo Mukti, H. (2020). Development of Indonesian Sharia Banks with Malaysia Comparation Method (Study of History, Products and Legal Assets). Lambung Mangkurat Law Journal, 5(1), 75. https://doi.org/10.32801/lamlaj.v5i1.140

Islam, Md. A., Hossain, Kh. F., Siddiqui, M. H., & Yousuf, S. (2014). Green-Banking Practices in Bangladesh-A Scope to Make Banking Green. International Finance and Banking, 1(1), 1. https://doi.org/10.5296/ifb.v1i1.5161

Jan, M. T., & Shafiq, A. (2021). Islamic banks’ brand personality and customer satisfaction: an empirical investigation through SEM. Journal of Islamic Accounting and Business Research, 12(4), 488–508. https://doi.org/10.1108/JIABR-05-2020-0149

Johan, S. (2022). Complementary or Substitute: Sharia Financing, Green Financing, and Sustainable Development Goals? International Journal of Sustainable Development and Planning, 17(2), 487–495. https://doi.org/10.18280/ijsdp.170213

Juhandi, N., Rahardjo, B., Tantriningsih, H. A., & Fahlevi, M. (2019). The Growth of Sharia Banking in Asia. Journal of Research in Business, Economics and Management, 12(2), 2341–2347.

Julia, T., & Kassim, S. (2020). Exploring green banking performance of Islamic banks vs conventional banks in Bangladesh based on Maqasid Shariah framework. Journal of Islamic Marketing, 11(3), 729–744. https://doi.org/10.1108/JIMA-10-2017-0105

Julia, T., Noor, A. M., & Kassim, S. (2020). Islamic Social Finance and Green Finance to Achieve SDGs through Minimizing Post Harvesting Losses in Bangladesh. Journal of Islamic Finance, 9(2), 119–128.

Kadiri, M. (2021). Nigeria as a Global Hub for Traditional and Islamic Green Financing. SSRN Electronic Journal, 44(2019), 1–19. https://doi.org/10.2139/ssrn.3862687

Kaur, G., Sharma, J., & Lamba, T. (2012). Exploring the impact of total quality service on bank employees’ organisational commitment. Asian Journal on Quality, 13(3), 268–293. https://doi.org/10.1108/15982681211287801

Kim, A., Kim, Y., & Han, K. (2019). A Cross Level Investigation on the Linkage Between Job Satisfaction and Voluntary Workplace Green Behavior. Journal of Business Ethics, 159(4). https://doi.org/10.1007/s10551-018-3776-7

Kock, N. (2018). Should bootstrapping be used in pls-sem? Toward stable p-value calculation methods. Journal of Applied Structural Equation Modeling, 2(1), 1–12. https://doi.org/10.47263/JASEM.2(1)02

Komari, N., & Djafar, F. (2013). Work Ethics, Work Satisfaction and Organizational Commitment at the Sharia Bank, Indonesia. International Business Research, 6(12), 107–117. https://doi.org/10.5539/ibr.v6n12p107

Lailatul Qudriyah, H., Imanina Burhany, D., & Sumardi, S. (2021). An Analysis of Sustainable Finance Disclosure at Indonesian Sharia Commercial Banks using POJK 51/POJK.03/2017 : Its Determinants and Influence on the Profitability. Proceedings of the 2nd International Seminar of Science and Applied Technology (ISSAT 2021), 207(Issat), 544–551.

Liu, F. H. M., & Lai, K. P. Y. (2021). Ecologies of green finance: Green sukuk and development of green Islamic finance in Malaysia. Environment and Planning A, 53(8), 1896–1914. https://doi.org/10.1177/0308518X211038349

Mahatama, A. A. B. P., & Wardana, M. (2021). the role of brand image and customer commitment in mediating service quality towards customer loyalty. International Research Journal of Management, IT and Social Sciences, 9(1), 79–89. https://doi.org/10.21744/irjmis.v9n1.2006

Memon, M. A., T., R., Cheah, J.-H., Ting, H., Chuah, F., & Cham, T. H. (2021a). PLS-SEM Statistical Programs: a Review. Journal of Applied Structural Equation Modeling, 5(1), i–xiv. https://doi.org/10.47263/jasem.5(1)06

Memon, M. A., T., R., Cheah, J.-H., Ting, H., Chuah, F., & Cham, T. H. (2021b). PLS-SEM Statistical Programs: a Review. Journal of Applied Structural Equation Modeling, 5(1), i–xiv. https://doi.org/10.47263/jasem.5(1)06

Mio, C., Costantini, A., & Panfilo, S. (2022). Performance measurement tools for sustainable business: A systematic literature review on the sustainability balanced scorecard use. Corporate Social Responsibility and Environmental Management, 29(2), 367–384. https://doi.org/10.1002/csr.2206

Nasution, R. (2018). Synergy And Optimization Of Sharia Banking Green Banking In Realizing Suistainable Finance. Jurnal Ilmu Ekonomi Dan Studi Pembangunan, 18(1), 33–52.

Rahi, S., Othman Mansour, M. M., Alharafsheh, M., & Alghizzawi, M. (2021). The post-adoption behavior of internet banking users through the eyes of self-determination theory and expectation confirmation model. Journal of Enterprise Information Management, 34(6), 1874–1892. https://doi.org/10.1108/JEIM-04-2020-0156

Rahmayati, R. (2021). Competition Strategy in the Islamic Banking Industry: An Empirical Review. International Journal of Business, Economics, and Social Development, 2(2), 65–71. https://doi.org/10.46336/ijbesd.v2i2.133

Rahmayati, R., Mujiatun, S., & Sari, M. (2022). Islamic Green Banking At Bank Pembangunan Daerah In Indonesia. Indonesian Interdisciplinary Journal of Sharia Economics (IIJSE), 5(1), 74–93. https://doi.org/10.31538/iijse.v5i1.1850

Reni, A., & Ahmad, N. H. (2016). Application of Theory Reasoned Action in Intention To Use Islamic Banking in Indonesia. Al-Iqtishad: Journal of Islamic Economics, 8(1), 137–148. https://doi.org/10.15408/aiq.v8i1.2513

Retolaza, J. L., & San-Jose, L. (2017). Single case research methodology: a tool for moral imagination in business ethics. Management Research Review, 40(8), 890–906. https://doi.org/10.1108/MRR-07-2016-0179

Rosyadah, Putri Cahya, Nur Rachmat Arifin, R. M. and Moh. S. (2020). Factors That Affect Savings In Islamic Banking. AL-ARBAH: Journal of Islamic Finance and Banking, 2(1), 33–46. https://doi.org/10.21580/al-arbah.2020.2.1.5499

Rout, P. R., Verma, A. K., Bhunia, P., Surampalli, R. Y., Zhang, T. C., Tyagi, R. D., Brar, S. K., & Goyal, M. K. (2020). Introduction to Sustainability and Sustainable Development. In Sustainability (pp. 3–7). https://doi.org/10.1002/9781119434016.ch1

Samul, J. (2020). Spiritual leadership: Meaning in the sustainableworkplace. Sustainability (Switzerland), 12(1), 1–16. https://doi.org/10.3390/su12010267

Sani, A., Ekowati, V. M., Wekke, I. S., & Idris, I. (2018). Respective contribution of entrepreneurial leadership through organizational citizenship behaviour in creating employee’s performance. Academy of Entrepreneurship Journal, 24(4).

Sarstedt, M., Hair, J. F., Cheah, J. H., Becker, J. M., & Ringle, C. M. (2019). How to specify, estimate, and validate higher-order constructs in PLS-SEM. Australasian Marketing Journal, 27(3), 197–211. https://doi.org/10.1016/j.ausmj.2019.05.003

Setiawan, H., Erawati, D., Dakhoir, A., & Luqman, L. (2018). A Green Banking for Sustainable Development in Sharia Banking. Proceedings Ofthe Annual Conference on Social Sciences and Humanities (ANCOSH 2018) - Revitalization OfLocal Wisdom in Global and Competitive Era, Ancosh, 82–86. https://doi.org/10.5220/0007415700820086

Simoni, L., Bini, L., & Bellucci, M. (2020). Effects of social, environmental, and institutional factors on sustainability report assurance: evidence from European countries. Meditari Accountancy Research, 28(6), 1059–1087. https://doi.org/10.1108/MEDAR-03-2019-0462

Sinha, A., Mishra, S., Sharif, A., & Yarovaya, L. (2021). Does green financing help to improve environmental & social responsibility? Designing SDG framework through advanced quantile modelling. Journal of Environmental Management, 292. https://doi.org/10.1016/j.jenvman.2021.112751

Siregar, L. H., & Nasution, Y. S. J. (2022). the Implementation Maqashid Syariah Development’S By Green Financing At Financial Institutions Indonesia. Proceeding International Seminar of …, 3(1), 1255–1262.

Smith, G., Minor, M., & Brashen, H. (2018). Spiritual Leadership: a Guide To a Leadership Style That Embraces Multiple Perspectives. Journal of Instructional Research, 7(1), 80–89. https://doi.org/10.9743/jir.2018.7

Solekah, N. A. (2019). The effect of green banking product and green corporate image on green customer loyality mediated by green customers satisfaction in Syariah banking. Management and Economics Journal (MEC-J), 3(1), 81. https://doi.org/10.18860/mec-j.v0i2.5837

Streukens, S., & Leroi-Werelds, S. (2016). Bootstrapping and PLS-SEM: A step-by-step guide to get more out of your bootstrap results. European Management Journal, 34(6), 618–632. https://doi.org/10.1016/j.emj.2016.06.003

Suandi, E., Herri, H., Yulihasri, Y., & Syafrizal, S. (2022). An empirical investigation of Islamic marketing ethics and convergence marketing as key factors in the improvement of Islamic banks performance. Journal of Islamic Marketing. https://doi.org/10.1108/JIMA-07-2021-0225

Supriyanto, A. S. (2019a). Obtaining factors affecting innovative work behavior (IWB) of a local bank employees under Islamic leadership: Application of partial least squares regression method. Industrial Engineering and Management Systems, 18(3). https://doi.org/10.7232/iems.2019.18.3.417

Supriyanto, A. S. (2019b). Obtaining factors affecting innovative work behavior (IWB) of a local bank employees under Islamic leadership: Application of partial least squares regression method. Industrial Engineering and Management Systems, 18(3). https://doi.org/10.7232/iems.2019.18.3.417

Syafia, Fairuz, and Ach Baiquni. “Implikasi Pendidikan, Pelatihan Dan Kepribadian Terhadap Kinerja Karyawan PT. BPRS Sarana Prima Mandiri Pamekasan.” Mabny : Journal of Sharia Management and Business 1, no. 01 (April 30, 2021): 79–104. https://doi.org/10.19105/mabny.v1i01.4635.

Tara, K., Singh, S., & Kumar, R. (2015). Green Banking for Environmental Management: A Paradigm Shift. Current World Environment, 10(3), 1029–1038. https://doi.org/10.12944/cwe.10.3.36

Uddin, M. N. (2016). ‘Shari’ah’ Based Banking and Green Financing: Evidence from Bangladesh. Journal of Emerging Economies and Islamic Research, 4(2), 79–100. https://doi.org/10.24191/jeeir.v4i2.9088

Uddin, M. N., & Ahmmed, M. (2018). Islamic Banking and Green Banking for Sustainable Development: Evidence from Bangladesh. Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah, 10(1). https://doi.org/10.15408/aiq.v10i1.4563

Vazifehdoost, H., & Hooshmand, S. (2012). The Effects of Internal Marketing and Organizational Commitment on Bank ’ s Success. International Journal of Business and Commerce, 1(9).

Wasis, B., Saharjo, B. H., Kusumadewi, F., Utami, N. H., & Putra, M. H. W. (2018). Analysis of economic valuation of environmental damage due to sand mine in Gumulung Tonggoh, Cirebon District, West Java Province, Indonesia. Archives of Agriculture and Environmental Science, 3(4), 360–366. https://doi.org/10.26832/24566632.2018.030405

Yang, Q., Du, Q., Razzaq, A., & Shang, Y. (2022). How volatility in green financing, clean energy, and green economic practices derive sustainable performance through ESG indicators? A sectoral study of G7 countries. Resources Policy, 75. https://doi.org/10.1016/j.resourpol.2021.102526

Zheng, G. W., Siddik, A. B., Masukujjaman, M., & Fatema, N. (2021). Factors affecting the sustainability performance of financial institutions in Bangladesh: The role of green finance. Sustainability (Switzerland), 13(18), 1–27. https://doi.org/10.3390/su131810165

Zheng, G. W., Siddik, A. B., Masukujjaman, M., Fatema, N., & Alam, S. S. (2021). Green finance development in Bangladesh: The role of private commercial banks (PCBs). Sustainability (Switzerland), 13(2). https://doi.org/10.3390/su13020795

Zhou, X., Tang, X., & Zhang, R. (2020). Impact of green finance on economic development and environmental quality: a study based on provincial panel data from China. Environmental Science and Pollution Research, 27(16), 19915–19932. https://doi.org/10.1007/s11356-020-08383-2

Published
2023-12-04
Section
Articles