Abstract
Indonesia as a country with the largest Muslim population in the world has an Islamic microfinance concept that has a strategic role in carrying out the triple bottom line mission, namely economic development, community empowerment, and preaching (da'wah). In practice, Indonesia has a unique microfinance concept called Baitul Maal Wat Tamwil (BMT) which is an Islamic microfinance concept that carries out a commercial orientation through tamwil activities and social orientation through maal activities. The importance of the sustainability of BMT performance in Indonesia, this requires a model framework that is in accordance with the characteristics of the company to direct, manage, and assess the operations of the Accounting Information System (AIS) to achieve sustainability performance. Therefore, this study will explore the characteristics of the Accounting information system, task characteristics, and implementation of Maqashid Sharia on the suitability of the information technology provided (Task Technology Fit/TTF) and its impact on Perceived usefulness and sustainability performance of BMT. This literature study attempts to fill the alignment gap between the characteristics of information needs and the suitability of information technology capacity in 268 BMTs in Indonesia. The main idea is the role of accounting information system and Maqashid Sharia on the sustainable performance of Islamic Microfinance.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Similar content being viewed by others
References
Ahmad, M.A., Al-Shbiel, S.O.: The effect of accounting information system on organizational performance in jordanian industrial SMEs: the mediating role of knowledge management. Int. J. Bus. Soc. Sci. 10(3), 99–104 (2019). https://www.doi.org/https://doi.org/10.30845/ijbss.v10n3p9
Al-Okaily, A., Al-Okaily, M., Shiyyab, F., Masadah, W.: Accounting information system effectiveness from an organizational perspective. Manag. Sci. Lett. 10(16), 3991–4000 (2020). https://doi.org/10.5267/j.msl.2020.7.010
Amini, M., Bienstock, C.C.: Corporate sustainability: an integrative definition and framework to evaluate corporate practice and guide academic research. J. Clean. Prod. 76, 12–19 (2014). https://doi.org/10.1016/j.jclepro.2014.02.016
S., Mohd, A., Zaini, M.: Risk-return analysis of Islamic banks’ investment deposits and shareholders’ fund. Manag. Financ. 34(10), 695–707 (2008). https://doi.org/10.1108/03074350810891010
Banker, R.D., Chang, H., Natarajan, R.: Productivity change, technical progress, and relative efficiency change in the public accounting industry. Manage. Sci. 51(2), 291–304 (2005). https://doi.org/10.1287/mnsc.1040.0324
Campbell, D.J.: Task complexity: a review and analysis. Acad. Manag. Rev. 13(1), 40–52 (1988). https://doi.org/10.5465/amr.1988.4306775
Chang, L.Y., et al.: Clinical features and risk factors of pulmonary oedema after enterovirus-71-related hand, foot, and mouth disease. Lancet 354(9191), 1682–1686 (1999). https://doi.org/10.1016/S0140-6736(99)04434-7
Davis, F.D.: Perceived usefulness, perceived ease of use, and user acceptance of information technology. MIS Q.: Manag. Inf. Syst. 13(3), 319–339 (1989). https://doi.org/10.2307/249008
Dishaw, M.T., Strong, D.M.: TTF and TAM models 36, 9–21 (1998). http://citeseerx.ist.psu.edu/viewdoc/download?doi=10.1.1.460.5961&rep=rep1&type=pdf
Engert, S., Baumgartner, R.J.: Corporate sustainability strategy - Bridging the gap between formulation and implementation. J. Clean. Prod. 113(January), 822–834 (2016). https://doi.org/10.1016/j.jclepro.2015.11.094
Febriadi, S.R.: Aplikasi Maqashid Syariah Dalam Bidang Perbankan Syariah. Amwaluna: Jurnal Ekonomi Dan Keuangan Syariah, 1(2), 231–245 (2017). https://doi.org/10.29313/amwaluna.v1i2.2585
Gorla, N., Somers, T.M., Wong, B.: Organizational impact of system quality, information quality, and service quality. J. Strat. Inf. Syst. 19(3), 207–228 (2010). https://doi.org/10.1016/j.jsis.2010.05.001
Huy, P.Q., Phuc, V.K.: The impact of public sector scorecard adoption on the effectiveness of accounting information systems towards the sustainable performance in public sector. Cogent Bus. Manag. 7(1) (2020). https://www.doi.org/https://doi.org/10.1080/23311975.2020.1717718
Ismail, N.A., King, M.: Firm performance and AIS alignment in Malaysian SMEs. Int. J. Account. Inf. Syst. 6(4), 241–259 (2005). https://doi.org/10.1016/j.accinf.2005.09.001
Ittner, C.D., Larcker, D.F., Randall, T.: Performance implications of strategic performance measurement in financial services firms. Acc. Organ. Soc. 28(7–8), 715–741 (2003). https://doi.org/10.1016/S0361-3682(03)00033-3
Knoll, K., Jarvenpaa, S.L.: Information technology alignment or “fit” in highly turbulent environments: the concept of flexibility. In: Proceedings of the 1994 Computer Personnel Research Conference on Reinventing IS: Managing Information Technology in Changing Organizations, SIGCPR 1994, pp. 1–14 (1994). https://www.doi.org/https://doi.org/10.1145/186281.186286
Kouser, R., Rana, G., Shahzad, F.A.: Determinants of AIS effectiveness: assessment thereof in Pakistan. Int. J. Contemp. Bus. Stud. 2(12), 6–21 (2011). http://www.akpinsight.webs.com
Lamboglia, R., Fiorentino, R., Mancini, D., Garzella, S.: From a garbage crisis to sustainability strategies: the case study of Naples’ waste collection firm. J. Clean. Prod. 186, 726–735 (2018). https://doi.org/10.1016/j.jclepro.2018.03.151
Larcker, D.F., Lessig, V.P.: Perceived usefulness of information: a psychometric examination. Decis. Sci. 11(1), 121–134 (1980). https://doi.org/10.1111/j.1540-5915.1980.tb01130.x
Lee, Z.P., Darecki, M., Carder, K.L., Davis, C.O., Stramski, D., Rhea, W.J.: Diffuse attenuation coefficient of downwelling irradiance: an evaluation of remote sensing methods. J. Geophys. Res. C: Oceans 110(2), 1–9 (2005). https://doi.org/10.1029/2004JC002573
Romney, M.B., Steinbart, P.J., Mula, J.M., Ray McNamara, T.T.: Accounting information systems (F. F. N. 2086 Level 3, Unit 4, 14 Aquatic Drive (ed.); First adap). Pearson Education Inc, Prentice Hall (2013)
DeLone, W.H., McLean, E.R.: The DeLone and McLean Model of information systems success: a ten-year update. J. Manag. Inf. Syst. 19(4), 9–30 (2003). http://www.tandfonline.com/doi/full/10.2753/MIS0742-1222290401
Nelson, D.I., Nelson, R.Y., Concha-Barrientos, M., Fingerhut, M.: The global burden of occupational noise-induced hearing loss. Am. J. Ind. Med. 48(6), 446–458 (2005). https://doi.org/10.1002/ajim.20223
Pikkarainen, T., Pikkarainen, K., Karjaluoto, H., Pahnila, S.: Consumer acceptance of online banking: an extension of the technology acceptance model. Internet Res. 14(3), 224–235 (2004). https://doi.org/10.1108/10662240410542652
Puasa, S., Smith, J., Amirul, S.M.: Perceptions of accounting information system effectiveness: preliminary findings from the Malaysian federal government. Labuan E-J. Muamalat Soc. Percept. 1, 48–59 (2019)
Sajjad Hosain, M.: The impact of accounting information system on organizational performance: evidence from Bangladeshi small & medium enterprises. J. Asian Bus. Strategy 9(2), 133–147 (2019). https://www.doi.org/10.18488/journal.1006.2019.92.133.147
Sedera, D., Gable, G.: A factor and structural equation analysis of the enterprise systems success measurement model. In: Twenty-Fifth International Conference on Information Systems, pp. 449–464 (2004). http://eprints.qut.edu.au/4733/
Staples, D.S., Seddon, P.B.: Testing the technology-to-performance chain model. Adv. Topics End User Comput. 4(4), 42–64 (2005). https://doi.org/10.4018/978-1-59140-474-3.ch003
Teru, S.P., Idoku, I., Ndeyati, J.T.: A review of the impact of accounting information system for effective internal control on firm performance. Indian J. Finan. Bank. 1(2), 52–59 (2017). https://www.doi.org/10.46281/ijfb.v1i2.89
Abdul-Rashid, S.H., Sakundarini, N., R.A., Thurasamy, R.: The impact of sustainable manufacturing practices on sustainability performance: empirical evidence from Malaysia. Int. J. Oper. Prod. Manag. 37, 182–204 (2017)
Torabi, E., Salehi, M.: The role of information technology in financial reporting quality: Iranian scenario. Poslovna Izvrsnost 6(1), 127 (2012)
Trabulsi, R.U.: The impact of accounting information systems on organizational performance: the context of Saudi ’ s SMEs. Int. Rev. Manag. Mark. 8(2), 69–73 (2018)
Tselios, N., Daskalakis, S., Papadopoulou, M.: Assessing the acceptance of a blended learning university course. Educ. Technol. Soc. 14(2), 224–235 (2011)
Venkatesh, V., Davis, F.D.: Theoretical extension of the technology acceptance model: four longitudinal field studies. Manage. Sci. 46(2), 186–204 (2000). https://doi.org/10.1287/mnsc.46.2.186.11926
Wediawati, B., Effendi, N., Herwany, A., Masyita, D.: Sustainability of Islamic microfinance in Indonesia: a holistic approach. Acad. Strateg. Manag. J. 17(3), 1–14 (2018)
Wibowo, K.A.: Transformation of Islamic financial literacy in the Member of BMT in Indonesia through community development MKU methods. SSRN Electron. J., 1–5 (2020). https://www.doi.org/10.2139/ssrn.3678336
Xu, F.: Numerosity discrimination in infants: evidence for two systems of representations. Cognition 89(1), 15–25 (2003). https://doi.org/10.1016/S0010-0277(03)00050-7
Ashill, N.J., Carruthers, J., Krisjanous, J.: Antecedents and outcomes of service recovery performance in a public health-care environment. J. Serv. Mark. 19(5), 293–308 (2005). https://doi.org/10.1108/08876040510609916
Global Research Agency SDN. BHD. J. Global Manag. 2(1), 66–83 (2012)
Iswanaji, C.: Analysis of accounting information system using hot fit model method in Indonesia Islamic micro financial institutions. Appl. Finan. Account. 5(2), 1 (2019). https://www.doi.org/10.11114/afa.v5i2.4172
Jahng, J., Jain, H.K., Ramamurthy, K.: An empirical study of the impact of product characteristics and electronic commerce interface richness on consumer attitude and purchase intentions. IEEE Trans. Syst. Man Cybern. Part A Syst. Hum. 36(6), 1185–1201 (2006). https://doi.org/10.1109/TSMCA.2006.878977
KNKS. Sharing Platform Keuangan Mikro Syariah Berbasis Baitul Maal Wat Tamwil (BMT) (2019)
Pitt, L.F., Watson, R.T., Kavan, C.B.: Service quality: a measure of information systems effectiveness. MIS Q. 19, 2 (1995)
Zeller, M., Meyer, R.L.: The Triangle of Microfinance: Financial Sustainability, Outreach, and Impact. The Johns Hopkins University Press, Baltimore (2002)
Saged, A.A.: The role of the \(\text{Maq}{\bar{\rm a}}\text{s . id al-Shar}{\bar{\rm i}}\)‘ ah in preserving the environment Humanomics Article information, July 2020
Satofuka, S., et al.: Suppression of ocular inflammation in endotoxin-induced uveitis by inhibiting nonproteolytic activation of prorenin. Invest. Ophthalmol. Vis. Sci. 47(6), 2686–2692 (2006). https://doi.org/10.1167/iovs.05-1458
Stanfield, G.G.: Technology and organization structure as theoretical categoris. Adm. Sci. Q. 21, 489–493 (1976)
Author information
Authors and Affiliations
Corresponding author
Editor information
Editors and Affiliations
Rights and permissions
Copyright information
© 2021 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this paper
Cite this paper
Wijayanti, P., Mohamed, I.S. (2021). The Determinant of Sustainable Performance in Indonesian Islamic Microfinance: Role of Accounting Information System and Maqashid Sharia. In: Barolli, L., Yim, K., Enokido, T. (eds) Complex, Intelligent and Software Intensive Systems. CISIS 2021. Lecture Notes in Networks and Systems, vol 278. Springer, Cham. https://doi.org/10.1007/978-3-030-79725-6_48
Download citation
DOI: https://doi.org/10.1007/978-3-030-79725-6_48
Published:
Publisher Name: Springer, Cham
Print ISBN: 978-3-030-79724-9
Online ISBN: 978-3-030-79725-6
eBook Packages: Intelligent Technologies and RoboticsIntelligent Technologies and Robotics (R0)