SHARIAH COMPLIANCE, ISLAMIC CORPORATE GOVERNANCE, AUDIT COMMITTEE, AND SHARIA SUPERVISORY BOARD EFFECT ON FRAUD
Keywords:
Audit, Compliance, Fraud, ICG, SSB
Abstract
This study aims to examine the influence of Shariah Compliance, Islamic Corporate Governance (ICG), Audit Committee, and Sharia Supervisory Board (SSB) on fraud in Indonesian Sharia banking. This research uses a quantitative approach with panel data analysis. The sample consists of 13 Islamic commercial banks in Indonesia observed during the period 2022–2024. Shariah compliance is measured using the Islamic Income Ratio, Profit Sharing Ratio, and Zakat Performance Ratio. Panel data regression analysis was employed using the Common Effect Model (CEM) as the selected estimation model. The findings show that the Profit-Sharing Ratio and Sharia Supervisory Board have a significant effect in increasing fraud, indicating that these variables are associated with a higher occurrence of fraud. Meanwhile, the Islamic Income Ratio, Zakat Performance Ratio, Islamic Corporate Governance, and Audit Committee do not have a significant effect on fraud. The results suggest that several governance and compliance mechanisms in Islamic banks have not yet effectively strengthened fraud prevention. The effectiveness of profit-sharing mechanisms and the supervisory role of the Sharia Supervisory Board require further attention. This study is limited by the short observation period and small sample size. However, it contributes to the literature by providing empirical evidence on the role of Shariah compliance and governance mechanisms in influencing fraud in Islamic banking, offering insights for regulators and banking practitioners to improve fraud prevention.Downloads
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References
REFERENCES
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Refgiani, D., & Rosyidi, S. (2016). Efektivitas Pengawasan Penerapan Prinsip Syariah Oleh Dewan Pengawas Syariah (DPS)(Studi Kasus Pada PT. BPRS Amanah Sejahtera). Jurnal Ekonomi Syariah Teori Dan Terapan, 3(9), 315094. doi:https://doi.org/10.20473/vol3iss20169pp758-770
Sari, D. N., Fakhruddin, I., Pramono, H., & Pratama, B. C. (2023). The role of sharia compliance, Islamic corporate governance and company size in preventing internal fraud. Jurnal Ekonomi, 12(01), 335-344.
Soediro, A., Adhitama, F., & Usmayanti, V. (2025). The Role of Islamic Corporate Governance, Sharia Supervisory Board, and Islamic Social Responsibility in Countering Fraudulent Financial Reporting. FINANSIA: Jurnal Akuntansi dan Perbankan Syariah, 8(1), 17-30. doi:https://doi.org/10.32332/finansia.v8i1.10161
Supriatna, A., & Kamal, M. (2022). The influence of sharia compliance and Islamic corporate governance on fraud. ITQAN: Journal of Islamic Economics, Management, and Finance, 10, 73-85. doi:https://doi.org/10.57053/itqan.v1i2.12
Swandaru, R., & Muneeza, A. (2022). Can fraud in Islamic financial institutions be prevented using high standards of Shariah governance? International Journal of Law and Management, 64(6), 469-485. doi:https://doi.org/10.1108/IJLMA-07-2022-0162
Ahmed, H., & Chapra, M. U. (2002). Corporate governance in Islamic financial institution. occasional paper, 1(1), 35-67.
Analia, F., Abdullah, M. W., & Muchlis, S. (2024). Peran Dewan Pengawas Syariah Dalam Penerapan Good Corporate Governance Dalam Pencegahan Fraund Financing di Bank Syariah. El-Mal: Jurnal Kajian Ekonomi & Bisnis Islam, 5(3), 928-936. doi:https://doi.org/10.47467/elmal.v5i3.638
Anggraini, R. D. (2024). Kepatuhan Syariah Dan Implikasinya Terhadap Risiko Fraud Di Bank Umum Syariah Indonesia (Periode 2017-2023). Curve Elasticity: Jurnal Pendidikan Ekonomi, 5(2), 133-146. doi:https://doi.org/10.57094/jpe.v5i2.2579
Baining, M. E., Mubyarto, N., & Nurjanah, N. (2021). Sharia Compliance and Islamic Corporate Governance in The Islamic Bank in Indonesia. International Journal of Trends in Accounting Research, 2(1), 97-105.
Bayu, M. (2023). The role of the sharia supervisory board and the size of islamic bank on the performance of sharia banks in Indonesia. Journal of Management and Islamic Finance, 3(1), 108-120. doi:https://doi.org/10.22515/jmif.v3i1.5300
Bhasin, M. L. (2016). Strengthening corporate governance through an audit committee: An empirical study. Wulfenia Journal, 23(2), 2-27.
CNBC Indonesia. (2026). Bos OJK Buka Suara Soal Nasib Duit Lender Dana Syariah Indonesia (DSI). Retrieved from https://www.cnbcindonesia.com/market/20260306090135-17-716516/bos-ojk-buka-suara-soal-nasib-duit-lender-dana-syariah-indonesia--dsi-
Dewi, R. A. S. P., Sunarsih, N. M., & Rustiarini, N. W. (2024). Audit Committee and Audit Delay. KRISNA: Kumpulan Riset Akuntansi, 16(1), 139-149. doi:https://doi.org/10.22225/kr.16.1.2024.139-149
Dinda, S. N. P., Mohammad, O., & Khairiyani, K. (2023). Pengaruh Jumlah Komite Audit Dan Rapat Komite Audit Terhadap Internal Fraud Yang Terjadi di Perbankan (Bank Umum Syariah) Periode 2018-2021. Jurnal Nuansa: Publikasi Ilmu Manajemen dan Ekonomi Syariah, 2(1), 202-217. doi:https://doi.org/10.61132/nuansa.v2i1.779
Fadilah, Y. N., Nugraha, N., & Nurhayati, I. (2024). Effectiveness of Islamic Corporate Governance Mechanisms in Preventing Fraud: A Study of Islamic Commercial Banks in Indonesia, 2014-2023. Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah, 16(2), 331-354. doi:https://doi.org/10.15408/aiq.v16i2.39706
Hamzah, H., Aripin, A., & Afri, A. (2020). The Factors That Influences of the Fraud in Syariah Bank. Journal of Critical Reviews, 7(3), 483-486.
Karmina, C., & Majidah, M. (2020). Pengaruh Islamic Corporate Governance dan Sharia Compliance terhadap Fraud pada Bank Umum Syariah. Jurnal Manajemen, Ekonomi dan Akuntansi, 4(3), 1593-1606. doi:https://doi.org/10.31955/mea.vol4.iss3.pp1593-1606
Khalid, A. A. (2020). Role of audit and governance committee for internal Shariah audit effectiveness in Islamic banks. Asian Journal of Accounting Research, 5(1), 81-89. doi:https://doi.org/10.1108/AJAR-10-2019-0075
Maisaroh, P., & Nurhidayati, M. (2021). Pengaruh Komite Audit, Good Corporate Governance dan Whistleblowing System terhadap Fraud Bank Umum Syariah di Indonesia Periode 2016-2019. Etihad: Journal of Islamic Banking and Finance, 1(1), 23-36. doi:https://doi.org/10.21154/etihad.v1i1.2752
Maulani, S. N., Amalia, P. S., & Birton, M. N. A. (2024). Can Good Corporate Governance Moderates The Influence of Internal Control and Integrity towards Fraud Prevention? Journal of accounting Science, 8(1), 1-21. doi:https://doi.org/10.21070/jas.v8i1.1731
Mildawati, W., Maharani, M., & Masyhuri, M. (2025). Peran kode etik dalam mencegah fraud di era transformasi digital pada lembaga keuangan syariah di Indonesia. Journal of Sharia Economics Scholar (JoSES), 3(1), 124-134. doi:https://doi.org/10.5281/zenodo.15489620
Napitupulu, R. B., Simanjuntak, T. P., Hutabarat, L., Damanik, H., Harianja, H., Sirait, R. T. M., & Lumban Tobing, C. E. R. (2021). Penelitian bisnis, teknik dan analisa dengan SPSS-STATA-Eviews: Madenatera.
Pramadita, I., Fata, A., & Pujiastuti, E. (2026). The Role of the Sharia Supervisory Board in Enhancing Sharia Compliance and Performance of Islamic Banks (A Case Study of Islamic Banks in West Java, Indonesia). Ecopreneur: Jurnal Ekonomi dan Bisnis Islam, 7(1), 35-46. doi:https://doi.org/10.47453/ecopreneur.v7i1.3998
Rahman, N. H. A., Jamaluddin, A., Hamzah, N., & Aziz, K. A. (2019). Establishing an effective internal control system for fraud prevention: a structured literature review. Asia-Pacific Management Accounting Journal, 14(3), 21-47.
Refgiani, D., & Rosyidi, S. (2016). Efektivitas Pengawasan Penerapan Prinsip Syariah Oleh Dewan Pengawas Syariah (DPS)(Studi Kasus Pada PT. BPRS Amanah Sejahtera). Jurnal Ekonomi Syariah Teori Dan Terapan, 3(9), 315094. doi:https://doi.org/10.20473/vol3iss20169pp758-770
Sari, D. N., Fakhruddin, I., Pramono, H., & Pratama, B. C. (2023). The role of sharia compliance, Islamic corporate governance and company size in preventing internal fraud. Jurnal Ekonomi, 12(01), 335-344.
Soediro, A., Adhitama, F., & Usmayanti, V. (2025). The Role of Islamic Corporate Governance, Sharia Supervisory Board, and Islamic Social Responsibility in Countering Fraudulent Financial Reporting. FINANSIA: Jurnal Akuntansi dan Perbankan Syariah, 8(1), 17-30. doi:https://doi.org/10.32332/finansia.v8i1.10161
Supriatna, A., & Kamal, M. (2022). The influence of sharia compliance and Islamic corporate governance on fraud. ITQAN: Journal of Islamic Economics, Management, and Finance, 10, 73-85. doi:https://doi.org/10.57053/itqan.v1i2.12
Swandaru, R., & Muneeza, A. (2022). Can fraud in Islamic financial institutions be prevented using high standards of Shariah governance? International Journal of Law and Management, 64(6), 469-485. doi:https://doi.org/10.1108/IJLMA-07-2022-0162
Published
2026-05-21
How to Cite
Rohman, F., Fathia, S., Putri, W., Octary, A., & Majidah, R. (2026, May 21). SHARIAH COMPLIANCE, ISLAMIC CORPORATE GOVERNANCE, AUDIT COMMITTEE, AND SHARIA SUPERVISORY BOARD EFFECT ON FRAUD. Jurnal Akuntansi Dan Keuangan (JAK), 31(1), 46-56. Retrieved from https://jurnal.feb.unila.ac.id/index.php/jak/article/view/4468
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