Understanding of Islamic banking financial management in the context of global economic competition



  • Suyanto Universitas Muhammadiyah Metro, Lampung, Indonesia
  • Novi Puji Lestari Universitas Muhammadiyah Malang, Indonesia
  • Eka Budi Yulianti Universitas Tama Jagakarsa, Jakarta, Indonesia
  • Nanang Yusroni Universitas Wahid Hasyim, Semarang, Indonesia
  • Umar Chadhiq Universitas Wahid Hasyim Semarang, Indonesia


economic review, global competition, Islamic banks, management, understanding


The authors believe that understanding Islamic banking financial governance at a globally competitive level is an exciting issue in global economic studies. We have carried out the completeness of the data and the discussion from various sources of information and economic data. Furthermore, our understanding efforts were made to find solutions in answering questions and problems in the context of this study by involving a comprehensive study of economics review, involving a system of data analysis, evaluation, and in-depth conclusion drawing. We carry out this study is in a qualitative type of study relying on secondary data in the form of evidence from previous studies, which we consider valid and updated in response to the problems and questions of this study. Based on the existing data supported by the evidence of previous findings, we found that Islamic banking financial governance in the context of a globally competitive economy is an exciting issue for the parties because the world today is questioned by the failure of the conventional capitalist economy in contributing solutions to the world community. Other findings are very relevant to be discussed and become an essential theme in competitive economics, especially Islamic economics.


Download data is not yet available.


Abduh, M., & Omar, M. A. (2012). Islamic banking and economic growth: the Indonesian experience. International Journal of Islamic and middle eastern finance and management.

Ahmad, A., & Saif, M. I. (2010). Islamic banking experience of Pakistan: comparison between Islamic and conventional banks. International Journal of Business and management, 5(2), 137.

Ahmad, M., Masood, T., & Khan, M. S. (2010). Problems and prospects of Islamic banking: a case study of takaful.

Ahmed, A. (2010). Global financial crisis: an Islamic finance perspective. International Journal of Islamic and Middle Eastern Finance and Management.

Alharbi, A. (2015). Development of the Islamic banking system. Journal of Islamic Banking and Finance, 3(1), 12-25.

Alqahtani, F., & Mayes, D. G. (2018). Financial stability of Islamic banking and the global financial crisis: Evidence from the Gulf Cooperation Council. Economic Systems, 42(2), 346-360. https://doi.org/10.1016/j.ecosys.2017.09.001

Al-Sofi, B. B. M. A., & Abouabdulqader, H. (2020). Bridging the gap between translation and culture: towards a cultural dimension of translation. International Journal of Linguistics, Literature and Culture, 6(1), 1-13. https://doi.org/10.21744/ijllc.v6n1.795

Anantadjaya, S. P., Nawangwulan, I. M., Irhamsyah, M., & Carmelita, P. W. (2021). Supply chain management, inventory management & financial performance: evidence from manufacturing firms. Linguistics and Culture Review, 5(S1), 781-794. https://doi.org/10.21744/lingcure.v5nS1.1463

Arfah, A., Olilingo, F. Z., Syaifuddin, S., Dahliah, D., Nurmiati, N., & Putra, A. H. P. K. (2020). Economics during global recession: sharia-economics as a post Covid-19 agenda. The Journal of Asian Finance, Economics, and Business, 7(11), 1077-1085.

Arsalan, M. (2014). Islamic Banking in Oman—Today & the Way Forward. SSRN Electronic Journal, 10.

Asih, S. M., & Asih, S. K. (2015). Marketing Strategy Implementation in Developing Sharia Tourism in Indonesia. International Proceedings of Economics Development and Research, 84, 133.

Askari, H., Iqbal, Z., & Mirakhor, A. (2010). Globalization and Islamic finance: convergence, prospects and challenges (Vol. 778). John Wiley & Sons.

Astuti, M. A., Rozali, R. D. Y., & Cakhyaneu, A. (2019). Prevention of Fraud in Sharia Banking in Indonesia through Implementation of Sharia Corporate Governance. KnE Social Sciences, 183-202.

Awaluddin, M., Suyuti, M. G., & prilmayanti Awaluddin, S. (2020). Optimization of Islamic Institute Role in Promoting Sharia Banking in Indonesia. Jurnal Minds: Manajemen Ide dan Inspirasi, 7(2), 79-94.

Bellalah, M. (Ed.). (2013). Islamic banking and finance. Cambridge Scholars Publishing.

Berakon, I., Aji, H. M., & Hafizi, M. R. (2021). Impact of digital Sharia banking systems on cash-waqf among Indonesian Muslim youth. Journal of Islamic Marketing.

Broadbent, J., & Laughlin, R. (2009). Performance management systems: A conceptual model. Management Accounting Research, 20(4), 283-295. https://doi.org/10.1016/j.mar.2009.07.004

Choiriyah, C., Saprida, S., & Sari, E. (2021). Development of Sharia Banking System In Indonesia. Mizan: Journal of Islamic Law, 5(1), 17-28.

Dereli, D. D. (2015). Innovation management in global competition and competitive advantage. Procedia-Social and behavioral sciences, 195, 1365-1370. https://doi.org/10.1016/j.sbspro.2015.06.323

Dodd, N. (2012). Simmel’s perfect money: fiction, socialism and Utopia in the philosophy of money. Theory, Culture & Society, 29(7-8), 146-176.

Eshonkulov, J. (2021). Artistic interpretation of the epic creative image. International Journal of Linguistics, Literature and Culture, 7(3), 146-151. https://doi.org/10.21744/ijllc.v7n3.1498

Evans, C. W. (2015). Bitcoin in Islamic banking and finance. Journal of Islamic Banking and Finance, 3(1), 1-11.

Gani, I. M., & Bahari, Z. (2021). Islamic banking’s contribution to the Malaysian real economy. ISRA International Journal of Islamic Finance.

Götz, M., Lefebvre, J., Mörs, F., Koch, A. M., Graf, F., Bajohr, S., ... & Kolb, T. (2016). Renewable Power-to-Gas: A technological and economic review. Renewable energy, 85, 1371-1390. https://doi.org/10.1016/j.renene.2015.07.066

Grassa, R. (2013). Shariah supervisory system in Islamic financial institutions: New issues and challenges: A comparative analysis between Southeast Asia models and GCC models. Humanomics.

Hammersley, M. (2018). The dilemma of qualitative method: Herbert Blumer and the Chicago tradition. Routledge.

Hamza, H. (2013). Sharia governance in Islamic banks: effectiveness and supervision model. International Journal of Islamic and Middle Eastern Finance and Management.

Hanif, M. (2014). Differences and similarities in Islamic and conventional banking. International Journal of Business and Social Sciences, 2(2).

Hanif, M., Tariq, M., & Tahir, A. (2012). Comparative performance study of conventional and Islamic banking in Pakistan. International Research Journal of Finance & Economics, (83).

Hartanto, A., & Fatwa, N. (2020). The Geostrategy of Sharia Banking Merger in Indonesia. Scientific Research Journal (SCIRJ), 3(12), 60-66.

Hendriarto, P. (2021). Understanding of the role of digitalization to business model and innovation: economics and business review studies. Linguistics and Culture Review, 5(S1), 160-173. https://doi.org/10.21744/lingcure.v5nS1.1347

Iqbal, M., & Molyneux, P. (2016). Thirty years of Islamic banking: History, performance and prospects. Springer.

Islam, J. U., & Rahman, Z. (2017). Awareness and willingness towards Islamic banking among Muslims: An Indian perspective. International Journal of Islamic and Middle Eastern Finance and Management.

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.

Kietzmann, J. H., Hermkens, K., McCarthy, I. P., & Silvestre, B. S. (2011). Social media? Get serious! Understanding the functional building blocks of social media. Business horizons, 54(3), 241-251. https://doi.org/10.1016/j.bushor.2011.01.005

Kustina, K.T., Dewi, G.A.A.O., Prena, G.D., Suryasa, W. (2019). Branchless banking, third-party funds, and profitability evidence reference to banking sector in indonesia. Journal of Advanced Research in Dynamical and Control Systems, 11(2), 290-299.

Luo, Y. (2007). A coopetition perspective of global competition. Journal of world business, 42(2), 129-144. https://doi.org/10.1016/j.jwb.2006.08.007

Mahoney, J. T. (1995). The management of resources and the resource of management. Journal of business research, 33(2), 91-101. https://doi.org/10.1016/0148-2963(94)00060-R

Maman, D., Maman Sudirman, S. H., M Kn, M. H., Thohir Luth, T. L., Safa'at, R., Safa'at, R., ... & Fadli, M. (2017). Jurnal: Akad Qardh and Accesoir in Sharia Banking Not Yet Based on Sharia Economic Principles Free of Riba (Usury). Journal of Law, Policy and Globalization, 64, 1-7.

Marwa, T. (2021). Islamic Human Resource Management, Organizational Commitment and Employee Performance A Case Study on Sharia Bank in South Sumatera (Similarity).

Mollah, S., Hassan, M. K., Al Farooque, O., & Mobarek, A. (2017). The governance, risk-taking, and performance of Islamic banks. Journal of financial services research, 51(2), 195-219.

Nienhaus, V. (2013). Method and substance of Islamic economics: Moving where. Islamic Economics, 26(1), 169-202.

Ningsih, A. S., & Disemadi, H. S. (2019). Breach of contract: an Indonesian experience in akad credit of sharia banking. Ijtihad: Jurnal Wacana Hukum Islam dan Kemanusiaan, 19(1), 89-102.

Nugraha, M. S., Liow, R., & Evly, F. (2021). The Identification of Online Strategy Learning Results While Students Learn from Home During the Disruption of the COVID-19 Pandemic in Indonesia. Journal of Contemporary Issues in Business and Government, 27(2), 1950-1956.

Nurdin, N., & Yusuf, K. (2020). Knowledge management lifecycle in Islamic bank: the case of syariah banks in Indonesia. International Journal of Knowledge Management Studies, 11(1), 59-80.

Pathak, A., Hu, Y. C., & Zhang, M. (2012, April). Where is the energy spent inside my app? Fine Grained Energy Accounting on Smartphones with Eprof. In Proceedings of the 7th ACM european conference on Computer Systems (pp. 29-42).

Popkova, E. G. (2018). Contradiction of economic growth in today's global economy: Economic systems competition and mutual support. Revista ESPACIOS, 39(01).

Rafay, A., & Sadiq, R. (2015). Problems and issues in transformation from conventional banking to Islamic banking: Literature review for the need of a comprehensive framework for a smooth change. City University Research Journal, 5(2), 315-326.

Rahayu, S. M., & Nuzula, N. F. (2019). Indonesian Sharia and Conventional Banks’ Financial Performance Analysis. In Annual International Conference of Business and Public Administration (AICoBPA 2018) (pp. 214-216). Atlantis Press.

Riyadi, S. (2021). The Effects of Image, Brand and Quality on Customer Loyalty of Sharia Banking. The Journal of Asian Finance, Economics and Business, 8(3), 1315-1325.

Rizvi, S. A. R., Narayan, P. K., Sakti, A., & Syarifuddin, F. (2020). Role of Islamic banks in Indonesian banking industry: an empirical exploration. Pacific-Basin Finance Journal, 62, 101117. https://doi.org/10.1016/j.pacfin.2019.02.002

Rosman, R., Abd Wahab, N., & Zainol, Z. (2014). Efficiency of Islamic banks during the financial crisis: An analysis of Middle Eastern and Asian countries. Pacific-Basin Finance Journal, 28, 76-90. https://doi.org/10.1016/j.pacfin.2013.11.001

Said, S. (2015). Sharia Banking Performance in Makassar. Al-Ulum, 15(1), 21-42.

Samiei, M. (2010). Neo-Orientalism? The relationship between the West and Islam in our globalised world. Third World Quarterly, 31(7), 1145-1160.

Saputro, A. D., Rois, A. K., & Al Bazi, U. (2019). Heart Half Implementation Sharia Banking In Indonesia. Ikonomika, 3(2), 127-138.

Sari, M. D., Bahari, Z., & Hamat, Z. (2016). History of Islamic bank in Indonesia: Issues behind its establishment. International Journal of Finance and Banking Research, 2(5), 178-184.

Steiger, J. H. (2007). Understanding the limitations of global fit assessment in structural equation modeling. Personality and Individual differences, 42(5), 893-898. https://doi.org/10.1016/j.paid.2006.09.017

Sudirman, M., Luth, T., Safa'at, R., & Fadli, M. (2017). Akad Qardh and Accesoir in Sharia Banking Not Yet Based on Sharia Economic Principles Free of Riba (Usury). JL Pol'y & Globalization, 64, 1.

Suroso, A., Hendriarto, P., Mr, G. N. K., Pattiasina, P. J., & Aslan, A. (2021). Challenges and opportunities towards Islamic cultured generation: socio-cultural analysis. Linguistics and Culture Review, 5(1), 180-194.

Utama, A. S. (2018). History and development of Islamic banking regulations in the national legal system of Indonesia. Al-'Adalah, 15(1), 37-50.

Wahyudi, F. (2019). The quo vadis of banckrupty settlement and pkpu laws on sharia banking. Jurnal Hukum dan Peradilan, 8(1), 1-20.

Warde, I. (2010). Islamic finance in the global economy. Edinburgh University Press.

Yasin, M. N. (2016). The Pluralism Of Islamic Economic Law: Dialectic of Moslem and non-Moslem in the Development of Sharia Banking in Indonesia. Journal of Indonesian Islam, 10(1), 113-138.

Yazdan, G. F., & Mohammad Hossein, S. S. (2012). Analysis of Islamic Bank's Financing and Economic Growth: Case Study Iran and Indonesia. Journal of Economic Cooperation & Development, 33(4).

Yulianto, A., & Solikhah, B. (2016). The internal factors of Indonesian Sharia banking to predict the mudharabah deposits. Review of Integrative Business and Economics Research, 5(1), 210.

Yusuf, B. (2015). Human resources development of sharia banking: phenomenological approach. Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah, 7(2), 241-250.

Yusuf, M., & Ichsan, R. N. (2021). Analysis of Banking Performance in The Aftermath of The Merger of Bank Syariah Indonesia in Covid 19. International Journal of Science, Technology & Management, 2(2), 472-478.

Ziliak, S. T., & McCloskey, D. N. (2004). Size matters: the standard error of regressions in the American Economic Review. The Journal of Socio-Economics, 33(5), 527-546. https://doi.org/10.1016/j.socec.2004.09.024



How to Cite

Suyanto, S., Lestari, N. P., Yulianti, E. B., Yusroni, N., & Chadhiq, U. (2021). Understanding of Islamic banking financial management in the context of global economic competition. Linguistics and Culture Review, 6(S1), 1-13. https://doi.org/10.21744/lingcure.v6nS1.1896

Most read articles by the same author(s)