The Financial Performance Analysis of Islamic Banking Using Sharia Conformity and Profitability (SCnP) Method in Southeast Asia

Nada; Aneta Rakhmawati; Rizky Fadhillah

doi:10.59890/ijmbi.v3i3.55

Authors

Nada State Polytechnic of Banjarmasin
Aneta Rakhmawati State Polytechnic of Banjarmasin
Rizky Fadhillah State Polytechnic of Banjarmasin

DOI:

https://doi.org/10.59890/ijmbi.v3i3.55

Keywords:

Sharia Conformity and Profitability, Islamic Banks, Southeast Asia, Financial Performance, SCnP

Abstract

Islamic banking plays a vital role in establishing a financial system based on Islamic principles. However, as the Islamic banking industry grows in Southeast Asia, challenges arise in balancing its multidimensional aspects. This study analyzes the financial performance of twelve Islamic banks in Southeast Asia using the Sharia Conformity and Profitability (SCnP) method. Employing a descriptive quantitative approach, secondary data from the banks’ annual reports were processed. Findings reveal that only Bank Mega Syariah Indonesia and Public Islamic Bank Malaysia occupy the upper-right quadrant, indicating strong Sharia conformity and profitability. Islamic Bank Thailand is in the lower-left quadrant, showing the weakest performance. Other banks are distributed across different quadrants, suggesting many still struggle to balance these multidimensional aspects effectively.

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