CORPORATE SOCIAL RESPONSIBILITY ANALYSIS THROUGH SHARIAH ENTERPRISE THEORY APPROACH IN AN EFFORT TO REALIZE GOOD CORPORATE GOVERNANCE

. The purpose of this study is to analyze the implementation and disclosure of Corporate Social Responsibility (CSR) at Bank Muamalat Indonesia (BMI) with the concept of Shariah Enterprise Theory in an effort to realize Good Corporate Governance (GCG). This study uses descriptive qualitative research methods with Bank Muamalat Indonesia (BMI) as the object of research. The data collection method used is a document study, while the data source in this study comes from secondary data, obtained through the BMI anual report in 2012, especially the CSR and GCG BMI reports in 2012. The result of this study is that BMI has applied the concept of Shari'ah Enterprise Theory to its social activities with regard to vertical accountability and horizontal accountability (inderect stakeholders and nature) on its social responsibility report. As for horizontal accountability to derect stakeholders explained in the corporate governance report on human resources, but the application of horizontal accountability to nature is still very little. The application of sharia enterprise theory concept to the implementation and disclosure of BMI CSR has an impact on social activities carried out will be based on the law or Islamic shari'ah to get the pleasure of Allah and to create GCG on BMI.

Abstract. The purpose of this study is to analyze the implementation and disclosure of Corporate Social Responsibility (CSR) at Bank Muamalat Indonesia (BMI) with the concept of Shariah Enterprise Theory in an effort to realize Good Corporate Governance (GCG). This study uses descriptive qualitative research methods with Bank Muamalat Indonesia (BMI) as the object of research. The data collection method used is a document study, while the data source in this study comes from secondary data, obtained through the BMI anual report in 2012, especially the CSR and GCG BMI reports in 2012. The result of this study is that BMI has applied the concept of Shari'ah Enterprise Theory to its social activities with regard to vertical accountability and horizontal accountability (inderect stakeholders and nature) on its social responsibility report. As for horizontal accountability to derect stakeholders explained in the corporate governance report on human resources, but the application of horizontal accountability to nature is still very little. The application of sharia enterprise theory concept to the implementation and disclosure of BMI CSR has an impact on social activities carried out will be based on the law or Islamic shari'ah to get the pleasure of Allah and to create GCG on BMI.

INTRODUCTION
Corporate Social Responsibility Disclosure (CSRD) has received attention for the Indonesian government as evidenced by the issuance of the Law of the Republic of Indonesia No. 40 of 2007 andinvestment law No. 25 of 2007. CSR is a social responsibility that is not only a social activity in the form of charity or the giving of goods or money to the community, CSR has a very broad scope that ensures the welfare of stakeholders (internal and external parties of the company). (Praswoto, Joko, Huda, 2011). Many large and older companies invest their considerable effort and money for information disclosure in the implementation of their CSR. Companies use annual reports as a tool to disclose social accountability and serve as a means of communication to increase public attention to thecompany. (Susanto & Joshua, 2018).
The company's better reputation will increase public confidence so that it can increase the company's profits. A high level of public trust will make the community continue to use the products offered by the company and also the community will support the company's production activities. This will certainly have an impact on increasing the company's profits.
In addition, CSR is useful as a medium of corporate communication with various audiences.
Various CSR activities carried out by the company can be used for good means of communication with the community.
CSR disclosure is also carried out by shari'ah banking. Shari'ah banking in operation must adhere to the values and ethics of the Shari'ah business, as well as for CSR reporting carried out. Meutia (2010: 3) Shari'ah banks should have more spiritual dimensions than conventional banks. The spiritual dimension here is done by providing welfare to society at large, especially weak economic communities, so the spiritual dimension here is not just running non-riba business. In addition, CSR reporting carried out by shari'ah banks is not only to carry out legal orders but also to prosper the community and all stakeholders.. (2010) Csr disclosures made today aim to increase profits for owners, using theories that are still thick with selfish and materialist capitalist values, namely legitimacy theory and stakeholder theory. So these theories are not worth using to disclose CSR reporting on Islamic financial institutions, especially shari'ah banks.

Menurut Meutia
CSR disclosure is one form of implementation of the concept of good corporate governance (Good Coporate Governance or GCG). The implementation of GCG is expected to be a directive for business people to manage the relationship of all parties in the company (stakeholders). (Selvia et al., 2018). The implementation of good corporate governance and corporate social responsibility can be a positive indicator of the company's performance, this is because the company not only has profit goals but also guarantees the company'scontinuity. (Hamzah, 2016). The Islamic banking industry in Indonesia has experienced significant development in the past decade. It is characterized by the ever-increasing growth of its assets and its mockup share. Therefore, to maintain consistency and momentum, Islamic banking must always improve the corporate governance system in order to be more competitive compared to existing conventional systems. A good governance system will certainly maintain and increase public confidence in the management and operations of Islamic banking institutions. (Rama & Novela, 2015).
From the description above, it can be known the understanding, benefits, and relationship between CSR and GCG, especially in Shari'ah banking. Thus CSR and GCG are important to be carried out by shari'ah banking. CSR is a social responsibility carried out by companies as a result of activities and policies taken, in an effort to realize GCG as an implementation of the principle of responsibility. (Syafaat & Nurfitriani, 2019). The implementation and disclosure of CSR and GCG in shari'ah banking must be in accordance with Islamic values, so that in this study will be reviewed the implementation and disclosure of CSR and GCG in shari'ah banking, namely Bank Muamalat Indonesia (BMI) with the concept of Shariah Enterprise Theory. (Riyanto & Adriani, 2021). BMI is the first shari'ah bank in Indonesia and is not a unit of conventionalbanks, bmiis a pioneer ofshari'ah banks in Indonesia, so BMI continues to forge itself for the better, continuously trying to grow with the times by sticking to the values and ethics of the shari'ah business. (Nabilah et al., 2019). In addition, BMI continues to contribute to improving the economy of society professionally so that it can provide tangible benefits to society. Thus, BMI deserves to be the object of research because it has a longer experience than other shari'ah banks. The study used bmi annual reports in 2012, particularly in CSR and GCG reports.

METHOD
This research uses qualitative methods of description i.e. research methods that analyze and compare between data with the actual circumstances that are happening on the subject or object of the study and further try to provide problem solving. (WIdi, 2010). This study describes the current situation in the object of the study, namely Bank Muamalat Indonesia (BMI). In this study, reviewed CSR reporting on BMI with the concept of Shariah Enterprise Theory. In addition, it also reviews CSR with sharia enterprise theory approach as an implementation of GCG. R. Nur & Puspitasari,Corporate Social Responsibility Analysis Through Shariah … 4 The type of data used in this study is qualitative data which is data presented with words that have meaning. While the source of the data in this study is secondary data obtained through the BMI anual report in 2012. Secondary data on the study is the 2012 CSR and GCG BMI report. In addition, secondary data is obtained from literature, literature, the internet, previous research and reading sources related to this study to add insight into researchers about CSR, GCG, and Shariah Enterprise Theory. In this study analyzed the level of conformity of Corporate Social Responsibility Disclosure (CSRD) of shari'ah banking with the concept of Shariah. Enterprise Theory to realize Good Corporate Governance (GCG) at BMI. The steps taken by researchers in this study are as follows: (1) Reading and analyzing annual reports in particular BMI CSR and GCG reports, (2) Identifying and making descriptive analyses of what information BMI discloses in its social responsibility report. It aims to find out how csr implementation in BMI, (3) The next stage is to review CSR reporting on BMI based on the concept of Shariah Enterprise Theory. The purpose of this stage is to determine the conformity between CSR disclosures that have been done with the concepts in Shariah Enterprise Theory, (4) Review CSR reporting on BMI based on shariah enterprise theory concept in an effort to realize GCG.

RESULTS
The results of this research, seen from the side of BMI shareholders, are: Islamic Development Bank (IDB) which holds 32.74% of BMI shares, Saudi Economy and Development Coorperation (Sedco Group) which holds 24.87%, Doubyan Bank with a total shareholding of 19.03%, National Bank of Kuwait with BMI share ownershipof 6%. In addition, the ANNUAL BMI report is also accompanied by photos of activities to visually describe the activities that BMI has done.
The Corporate Social Responsibility Program that has been implemented by BMI is, (1) Kafala Orphan Program is a community empowerment program, which is devoted to orphans, The results of the report related to Good Corpporate Governance (GCG), BMI has applied 5 GCG principles, namely: transparency, accountability, responsibilty, professional, fairness. One of them is about the application of the responsibilty principle, so that the GCG report is also slightly reviewed about BMI CSR activities. This principle has been through an assessment of the implementation of GCG BMI in 2012. (Ridhwan & Wijaya, 2016).

DISCUSSION
Aanalysis of CSR disclosure on BMI with sharia enterprise theory approach to answer the second problem formulation of this study. According to (Meutia, 2010) The most appropriate theory for disclosing CSR reporting on shari'ah banks is the concept of Shariah Enterprise Theory. Shariah Enterprise Theory itself is a theory where Allah as the main source of trust, Allah is the creator and owner of all available resources. Stakeholders are entrusted to manage and distribute resources fairly and wisely in accordance with the provisions of the Trustee. The concept of Shariah Enterprise Theory was proposed by (Triyuwono, 2009), This concept offers a process of accountability not only to man and nature (enterprise theory), but also primarily to God. So that the appropriate theory in the disclosure of CSR reporting on shari'ah banks is Shariah Enterprise Theory, because this theory emphasizes broader accountability, namely horizontal accountability and vertical accountability. (Amaroh, 2016).
In GCG BMI practice, the principle of responsibility implemented by CSR activities is associated with the concept of Shariah Enterprise Theory. For BMI, csr implementation is not only a form of social responsibility and concern for the environment, more than that CSR is a practice ofGCG. This can be seen in BMI's 2012 Annual Report on Social Responsibility, which is stated as follows: "ForBMI, the implementation of corporate social responsibility, or better known as Corporate Social Responsibility (CSR), is not only a form of social responsibility and concern for the surrounding environment, but also part of good corporate governance practices (GCG). (Farida, 2018). Therefore, BMI manages CSR activities in a transparent, equitable and accountable manner through the existence of Baitulmaal Muamalat (BMM), a BMI affiliate established for social activities." The implementation of GCG BMI is R. Nur & Puspitasari,Corporate Social Responsibility Analysis Through Shariah … 6 expected to be asset management can be done with the principle of high prudence and business that is carried out in accordance with applicable ethical standards so as to create high accountability and transparency. (Abadi et al., 2020).
Understanding and application of GCG in Shari'ah banking is expected to be in accordance with Islamic values, as well as the theory used. According to (Chinn, 2000) Theories that are often used to understand the application of GCG are agency theory and stewardship theory. Before knowing which theory is in accordance with the shari'ah bank, we first see the understanding of GCG, which is a system of corporate governance that regulates the fulfillment of the interests of all stakeholders fairly. Based on the understanding of GCG, agency theory is not appropriately used for shari'ah banking because this theory has not been able to regulate the fulfillment of the interests of all stakeholders fairly. (Ghofur & Sukmaningrum, 2018).

The information presented in BMI's social responsibility report is about Baitulmaal
Muamalat (BMM) which is BMI's representative in carrying out social activities, namely in managing and disbursing ZIS funds and Non-ZIS funds. In addition, various social activities that have been carried out by BMI through BMM are presented as many as 30 pages and accompanied by photographs as documentation of the activities that have been carried out. It is also presented in a two-column and two-language format, i.e. Indonesian on the left and English on the right position. The use of English because overseas shareholders also participate in BMI social activities.
Shariah Enterprise Theory is an ideal concept for expressing CSR reporting in shari'ah banking. BMI has applied the concept of Shariah Enterprise Theory to its social activities with due regard to vertical accountability and horizontal accountability (inderect stakeholders and nature) on its social responsibility reports. As for horizontal accountability to derect stakeholders described in the corporate governance report on human resources, but the application of horizontal accountability to nature is still very little done by BMI. In addition, social activities carried out by BMI are still widely carried out in large cities, so small cities in the area have not been able to feel the significant impact of BMI social activities.
The application of shariah enterprise theory concept to bmi CSR implementation and disclosure results in good GCG at BMI. Bmi CSR implementation pays attention to three stakeholders, God, humans, and nature, all BMI CSR activities are carried out to get God's pleasure. With this, all activities carried out by BMI, especially social activities, will be based R. Nur & Puspitasari, Corporate Social Responsibility Analysis Through Shariah … 7 on islamic law or shari'ah to get the pleasure of Allah and can create GCG on BMI. In addition, the concept of Shariah Enterprise Theory can also be used to understand GCG in Shari'ah banking.

RECOMMENDATIONS
Researchers suggest that BMI adds to social activities aimed at nature. BMI has paid attention to nature in CSR activities, but the activities that BMI does for nature are still very few. In addition, it also adds social activities in small cities and in various regions so that the impact of social activities carried out by BMI is felt also by the community in the region.
This research is expected to give an idea of Shari'ah banking in general and about CSR, GCG and shariah enterprise theory concepts in particular. It is expected that researchers can further research similar topics or conduct research with similar methods to this study. In this research the object studied is shari'ah banking is expected for further research to examine the concept of shariah enterprise theory in other shari'ah financial institutions, because the concept of shariah enterprise theory can not only be applied in shari'ah banking. The addition of research objects is also very necessary so that the results of research conducted can be generalized for similar institutions. In addition, the addition of research time is needed so that the results of the study are much better. (Wandriani, 2017).