Comparative Analysis of the Efficiency of Islamic and Conventional Banking Systems: A literature review
Abstract
The article aims to conduct an Efficiency Comparison between Islamic and Conventional Banking Systems by synthesizing a literature review within the realm of Financial Management. Employing a literature study methodology, the author meticulously examines prior research findings to construct a robust conceptual framework. This approach comprehensively outlines the pertinent theoretical landscape, elucidates recent advancements, and establishes a robust foundation for discourse, drawing from contemporary references accessed through Google Scholars and Mendeley citation searches.Through the analysis of previous studies, the article references significant disparities in the efficiency systems of Islamic banks and conventional banks across their distinct features, each presenting unique advantages. This underscores the need for further analysis of components like sharia compliance, capital structure, and social values, which play pivotal roles in enhancing the efficiency of Islamic banking.
References
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Ar Royyan Ramly, A. H. (2017). Pemodelan Efisiensi Bank di Indonesia: Perbandingan antara Bank Syariah dan Bank Konvensional. Esensi: Jurnal Bisnis Dan Manajemen, 7(July), 131–148. https://doi.org/10.15408/ess.v7i2.
Asmild, M., Kronborg, D., Mahbub, T., & Matthews, K. (2019). The efficiency patterns of Islamic banks during the global financial crisis: The case of Bangladesh. Quarterly Review of Economics and Finance, 74, 67–74. https://doi.org/10.1016/j.qref.2018.04.004
Bosetti, V., Carraro, C., & Massetti, E. (2009). Banking permits: Economic efficiency and distributional effects. Journal of Policy Modeling, 31(3), 382–403. https://doi.org/10.1016/j.jpolmod.2008.12.005
Boussemart, J. P., Leleu, H., Shen, Z., Vardanyan, M., & Zhu, N. (2019). Decomposing banking performance into economic and credit risk efficiencies. European Journal of Operational Research, 277(2), 719–726. https://doi.org/10.1016/j.ejor.2019.03.006
Chaffai, M. (2020). Hyperbolic distance function, technical efficiency and stability to shocks: A comparison between Islamic banks and conventional banks in MENA region. Global Finance Journal, 46, 100485. https://doi.org/10.1016/j.gfj.2019.100485
Dermol, V., & Širca, N. T. (2018). Communication, Company Mission, Organizational Values, and Company Performance. Procedia - Social and Behavioral Sciences, 238(2001), 542–551. https://doi.org/10.1016/j.sbspro.2018.04.034
Fatoni, A., & Sidiq, S. (2019). Analisis Perbandingan Stabilitas Sistem Perbankan Syariah Dan Konvensional Di Indonesia. Ekspansi: Jurnal Ekonomi, Keuangan, Perbankan Dan Akuntansi, 11(2), 179–198. https://doi.org/10.35313/ekspansi.v11i2.1350
Ferari, N., & Sudarsono, H. (2017). Tingkat Efisiensi Perbankan Syariah Dan Konvensional Dengan Mengunakan Data Envelopment Analysis (Dea). Jurnal Ekonomi & Keuangan Islam, 1(2), 141–148. https://doi.org/10.20885/jeki.vol1.iss2.art2
Hanifah Rahmi, D. Z. P. (2019). ANALISIS EFISIENSI PERBANKAN SYARIAH SELAMA KRISIS GLOBAL DI INDONESIA. Jurnal Kajian Ekonomi Dan Pembangunan, 1(1), 321–330.
Haris, H., & Hastuti, N. (2011). INDONESIA DENGAN METODE DATA ENVELOPMENT ANALYSIS STUDI PADA BANK MUAMALAT INDONESIA Pendahuluan. Jurnal Muqtasid, September 2010.
Hidayah, N. (2016). Studi komparatif tingkat efisiensi perbankan konvensional dan perbankan syariah di Indonesia. Jurnal Ekonomi & Keuangan Islam, 2(2), 28–37. https://doi.org/10.20885/jeki.vol2.iss2.art4
Hidayah, N., & Purnomo, D. (2014). Tingkat Efisiensi Perbankan Konvensional Dan Perbankan Syariah Di Indonesia. Seminar Nasional Dan Call for Paper (Sancall 2014): RESEARCH METHODS AND ORGANIZATIONAL STUDIES, Sancall, 307–316.
Hidayah, N. U. R. (2014). STUDI KOMPARATIF TINGKAT EFISIENSI PERBANKAN KONVENSIONAL DAN PERBANKAN SYARIAH DI INDONESIA. FAKULTAS EKONOMI DAN BISNIS UNIVERSITAS MUHAMMADIYAH SURAKARTA.
Indriyani, F. (2015). Komparasi Kinerja Perbankan Syariah dengan Bank Konvensional: Suatu Studi Literatur. Muqtasid: Jurnal Ekonomi Dan Perbankan Syariah, 6(2), 109. https://doi.org/10.18326/muqtasid.v6i2.109-124
Izzeldin, M., Johnes, J., Ongena, S., Pappas, V., & Tsionas, M. (2021). Efficiency convergence in Islamic and conventional banks. Journal of International Financial Markets, Institutions and Money, 70, 101279. https://doi.org/10.1016/j.intfin.2020.101279
Li, Z. (2022). Financial intermediary leverage and monetary policy transmission. European Economic Review, 144(March), 104080. https://doi.org/10.1016/j.euroecorev.2022.104080
Mamatzakis, E., Tsionas, M. G., Kumbhakar, S. C., & Koutsomanoli-Filippaki, A. (2015). Does labour regulation affect technical and allocative efficiency? Evidence from the banking industry. Journal of Banking and Finance, 61, S84–S98. https://doi.org/10.1016/j.jbankfin.2015.06.012
Miah, M. D., & Uddin, H. (2017). Efficiency and stability: A comparative study between islamic and conventional banks in GCC countries. Future Business Journal, 3(2), 172–185. https://doi.org/10.1016/j.fbj.2017.11.001
Nasution, M. S., & Husni Kamal. (2021). Analisa Perbandingan Kinerja Perbankan Syariah Dan Konvensional Pra Dan Pasca Covid-19. At-Tasyri’: Jurnal Ilmiah Prodi Muamalah, 13(1), 29–38. https://doi.org/10.47498/tasyri.v13i1.470
Norfitriani, S. (2016). Analisis Efisiensi dan Produktivitas Bank Syariah di Indonesia Sebelum dan Sesudah Spin Off. Jurnal Ekonomi Syariah Indonesia, 6(2), 134–143. http://ejournal.almaata.ac.id/index.php/JESI/article/view/430
Novandra, R. (2012). Analisis Perbandingan Efisiensi Perbankan Syariah Dan Konvensional Di Indonesia Comparison Efficiency Analysis of Islamic and Conventional Banks in Indonesia. Jurnal Ekonomi Dan Pembangunan, 22(2), 183–193.
Putra, S. H. J. (2021). Effect of Science, Environment, Technology, and Society (SETS) Learning Model on Students’ Motivation and Learning Outcomes in Biology. Tarbawi : Jurnal Ilmu Pendidikan, 17(2), 145–153. https://doi.org/10.32939/tarbawi.v17i2.1063
Rosyadi, I. (2017). Komparasi Efisiensi Perbankan Syariah Dan Perbankan Konvensional Di Indonesia. Riset Akuntansi Dan Keuangan Indonesia, 2(1), 61–74. https://doi.org/10.23917/reaksi.v2i1.3683
Safiullah, M. (2020). Bank governance and crisis-period efficiency: A multinational study on Islamic and conventional banks. Pacific Basin Finance Journal, 62(October 2019), 101350. https://doi.org/10.1016/j.pacfin.2020.101350
Safiullah, M. (2021a). Financial stability efficiency of Islamic and conventional banks. Pacific Basin Finance Journal, 68(May), 101587. https://doi.org/10.1016/j.pacfin.2021.101587
Safiullah, M. (2021b). Stability efficiency in Islamic banks: Does board governance matter? Journal of Behavioral and Experimental Finance, 29, 100442. https://doi.org/10.1016/j.jbef.2020.100442
Stauropoulou, A., Sardianou, E., Malindretos, G., Evangelinos, K., & Nikolaou, I. (2023). The effects of economic, environmentally and socially related SDGs strategies of banking institutions on their customers’ behavior. World Development Sustainability, 2(February), 100051. https://doi.org/10.1016/j.wds.2023.100051
Syairozi, M. I., Rafikah. Noer, & Handayati, R. (2017). Analisis Efisiensi Perbankan Syariah (Unit Usaha Syariah) Indonesia Periode 2013-2015: Pendekatan Dea (Data Envelopment Analysis). Economic: Journal of Economic and Islamic Law, 8(2), 93–103.
Tan, Y., & Anchor, J. (2017). The impacts of risk-taking behaviour and competition on technical efficiency: Evidence from the Chinese banking industry. Research in International Business and Finance, 41, 90–104. https://doi.org/10.1016/j.ribaf.2017.04.026
Tsionas, Efthymios G., Assaf, A. G., & Matousek, R. (2015). Dynamic technical and allocative efficiencies in European banking. Journal of Banking and Finance, 52(November), 130–139. https://doi.org/10.1016/j.jbankfin.2014.11.007
Tsionas, Euthimios G., & Mamatzakis, E. C. (2017). Adjustment costs in the technical efficiency: An application to global banking. European Journal of Operational Research, 256(2), 640–649. https://doi.org/10.1016/j.ejor.2016.06.037
Vivin, Y. A., & Wahono, B. (2017). Analisis Perbandingan Kinerja Keuangan Bank Umum Syariah dengan Bank Umum Konvensional di Indonesia. E-Jurnal Riset Manajemen, 77–97.
Wahyu, E., Budianto, H., Islam, U., Maulana, N., Ibrahim, M., Islam, U., Maulana, N., & Ibrahim, M. (2023). Bank Bukopin Syariah dan Konvensional : Studi Pustaka ( Library Research ) dan Bibliometrik VOSviewer. ReasearchGate, October. https://doi.org/10.5281/zenodo.10049572
Ar Royyan Ramly, A. H. (2017). Pemodelan Efisiensi Bank di Indonesia: Perbandingan antara Bank Syariah dan Bank Konvensional. Esensi: Jurnal Bisnis Dan Manajemen, 7(July), 131–148. https://doi.org/10.15408/ess.v7i2.
Asmild, M., Kronborg, D., Mahbub, T., & Matthews, K. (2019). The efficiency patterns of Islamic banks during the global financial crisis: The case of Bangladesh. Quarterly Review of Economics and Finance, 74, 67–74. https://doi.org/10.1016/j.qref.2018.04.004
Bosetti, V., Carraro, C., & Massetti, E. (2009). Banking permits: Economic efficiency and distributional effects. Journal of Policy Modeling, 31(3), 382–403. https://doi.org/10.1016/j.jpolmod.2008.12.005
Boussemart, J. P., Leleu, H., Shen, Z., Vardanyan, M., & Zhu, N. (2019). Decomposing banking performance into economic and credit risk efficiencies. European Journal of Operational Research, 277(2), 719–726. https://doi.org/10.1016/j.ejor.2019.03.006
Chaffai, M. (2020). Hyperbolic distance function, technical efficiency and stability to shocks: A comparison between Islamic banks and conventional banks in MENA region. Global Finance Journal, 46, 100485. https://doi.org/10.1016/j.gfj.2019.100485
Dermol, V., & Širca, N. T. (2018). Communication, Company Mission, Organizational Values, and Company Performance. Procedia - Social and Behavioral Sciences, 238(2001), 542–551. https://doi.org/10.1016/j.sbspro.2018.04.034
Fatoni, A., & Sidiq, S. (2019). Analisis Perbandingan Stabilitas Sistem Perbankan Syariah Dan Konvensional Di Indonesia. Ekspansi: Jurnal Ekonomi, Keuangan, Perbankan Dan Akuntansi, 11(2), 179–198. https://doi.org/10.35313/ekspansi.v11i2.1350
Ferari, N., & Sudarsono, H. (2017). Tingkat Efisiensi Perbankan Syariah Dan Konvensional Dengan Mengunakan Data Envelopment Analysis (Dea). Jurnal Ekonomi & Keuangan Islam, 1(2), 141–148. https://doi.org/10.20885/jeki.vol1.iss2.art2
Hanifah Rahmi, D. Z. P. (2019). ANALISIS EFISIENSI PERBANKAN SYARIAH SELAMA KRISIS GLOBAL DI INDONESIA. Jurnal Kajian Ekonomi Dan Pembangunan, 1(1), 321–330.
Haris, H., & Hastuti, N. (2011). INDONESIA DENGAN METODE DATA ENVELOPMENT ANALYSIS STUDI PADA BANK MUAMALAT INDONESIA Pendahuluan. Jurnal Muqtasid, September 2010.
Hidayah, N. (2016). Studi komparatif tingkat efisiensi perbankan konvensional dan perbankan syariah di Indonesia. Jurnal Ekonomi & Keuangan Islam, 2(2), 28–37. https://doi.org/10.20885/jeki.vol2.iss2.art4
Hidayah, N., & Purnomo, D. (2014). Tingkat Efisiensi Perbankan Konvensional Dan Perbankan Syariah Di Indonesia. Seminar Nasional Dan Call for Paper (Sancall 2014): RESEARCH METHODS AND ORGANIZATIONAL STUDIES, Sancall, 307–316.
Hidayah, N. U. R. (2014). STUDI KOMPARATIF TINGKAT EFISIENSI PERBANKAN KONVENSIONAL DAN PERBANKAN SYARIAH DI INDONESIA. FAKULTAS EKONOMI DAN BISNIS UNIVERSITAS MUHAMMADIYAH SURAKARTA.
Indriyani, F. (2015). Komparasi Kinerja Perbankan Syariah dengan Bank Konvensional: Suatu Studi Literatur. Muqtasid: Jurnal Ekonomi Dan Perbankan Syariah, 6(2), 109. https://doi.org/10.18326/muqtasid.v6i2.109-124
Izzeldin, M., Johnes, J., Ongena, S., Pappas, V., & Tsionas, M. (2021). Efficiency convergence in Islamic and conventional banks. Journal of International Financial Markets, Institutions and Money, 70, 101279. https://doi.org/10.1016/j.intfin.2020.101279
Li, Z. (2022). Financial intermediary leverage and monetary policy transmission. European Economic Review, 144(March), 104080. https://doi.org/10.1016/j.euroecorev.2022.104080
Mamatzakis, E., Tsionas, M. G., Kumbhakar, S. C., & Koutsomanoli-Filippaki, A. (2015). Does labour regulation affect technical and allocative efficiency? Evidence from the banking industry. Journal of Banking and Finance, 61, S84–S98. https://doi.org/10.1016/j.jbankfin.2015.06.012
Miah, M. D., & Uddin, H. (2017). Efficiency and stability: A comparative study between islamic and conventional banks in GCC countries. Future Business Journal, 3(2), 172–185. https://doi.org/10.1016/j.fbj.2017.11.001
Nasution, M. S., & Husni Kamal. (2021). Analisa Perbandingan Kinerja Perbankan Syariah Dan Konvensional Pra Dan Pasca Covid-19. At-Tasyri’: Jurnal Ilmiah Prodi Muamalah, 13(1), 29–38. https://doi.org/10.47498/tasyri.v13i1.470
Norfitriani, S. (2016). Analisis Efisiensi dan Produktivitas Bank Syariah di Indonesia Sebelum dan Sesudah Spin Off. Jurnal Ekonomi Syariah Indonesia, 6(2), 134–143. http://ejournal.almaata.ac.id/index.php/JESI/article/view/430
Novandra, R. (2012). Analisis Perbandingan Efisiensi Perbankan Syariah Dan Konvensional Di Indonesia Comparison Efficiency Analysis of Islamic and Conventional Banks in Indonesia. Jurnal Ekonomi Dan Pembangunan, 22(2), 183–193.
Putra, S. H. J. (2021). Effect of Science, Environment, Technology, and Society (SETS) Learning Model on Students’ Motivation and Learning Outcomes in Biology. Tarbawi : Jurnal Ilmu Pendidikan, 17(2), 145–153. https://doi.org/10.32939/tarbawi.v17i2.1063
Rosyadi, I. (2017). Komparasi Efisiensi Perbankan Syariah Dan Perbankan Konvensional Di Indonesia. Riset Akuntansi Dan Keuangan Indonesia, 2(1), 61–74. https://doi.org/10.23917/reaksi.v2i1.3683
Safiullah, M. (2020). Bank governance and crisis-period efficiency: A multinational study on Islamic and conventional banks. Pacific Basin Finance Journal, 62(October 2019), 101350. https://doi.org/10.1016/j.pacfin.2020.101350
Safiullah, M. (2021a). Financial stability efficiency of Islamic and conventional banks. Pacific Basin Finance Journal, 68(May), 101587. https://doi.org/10.1016/j.pacfin.2021.101587
Safiullah, M. (2021b). Stability efficiency in Islamic banks: Does board governance matter? Journal of Behavioral and Experimental Finance, 29, 100442. https://doi.org/10.1016/j.jbef.2020.100442
Stauropoulou, A., Sardianou, E., Malindretos, G., Evangelinos, K., & Nikolaou, I. (2023). The effects of economic, environmentally and socially related SDGs strategies of banking institutions on their customers’ behavior. World Development Sustainability, 2(February), 100051. https://doi.org/10.1016/j.wds.2023.100051
Syairozi, M. I., Rafikah. Noer, & Handayati, R. (2017). Analisis Efisiensi Perbankan Syariah (Unit Usaha Syariah) Indonesia Periode 2013-2015: Pendekatan Dea (Data Envelopment Analysis). Economic: Journal of Economic and Islamic Law, 8(2), 93–103.
Tan, Y., & Anchor, J. (2017). The impacts of risk-taking behaviour and competition on technical efficiency: Evidence from the Chinese banking industry. Research in International Business and Finance, 41, 90–104. https://doi.org/10.1016/j.ribaf.2017.04.026
Tsionas, Efthymios G., Assaf, A. G., & Matousek, R. (2015). Dynamic technical and allocative efficiencies in European banking. Journal of Banking and Finance, 52(November), 130–139. https://doi.org/10.1016/j.jbankfin.2014.11.007
Tsionas, Euthimios G., & Mamatzakis, E. C. (2017). Adjustment costs in the technical efficiency: An application to global banking. European Journal of Operational Research, 256(2), 640–649. https://doi.org/10.1016/j.ejor.2016.06.037
Vivin, Y. A., & Wahono, B. (2017). Analisis Perbandingan Kinerja Keuangan Bank Umum Syariah dengan Bank Umum Konvensional di Indonesia. E-Jurnal Riset Manajemen, 77–97.
Wahyu, E., Budianto, H., Islam, U., Maulana, N., Ibrahim, M., Islam, U., Maulana, N., & Ibrahim, M. (2023). Bank Bukopin Syariah dan Konvensional : Studi Pustaka ( Library Research ) dan Bibliometrik VOSviewer. ReasearchGate, October. https://doi.org/10.5281/zenodo.10049572
Published
2024-01-05
Section
Articles
Copyright (c) 2024 Anton Priyo Nugroho
This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.
