Measuring the performance of Islamic banks using maqāsid based model
The vision and mission of Islamic banks were supposed to reflect the adherence of their activities and aspiration to Maqāṣid al-Sharī‘ah. However, there are contentions that Islamic banks have been converging towards conventional banking system. Efforts have been expended to reverse the tide and har...
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| Format: | Article |
| Language: | English English |
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IIUM Press
2015
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| Online Access: | http://irep.iium.edu.my/47057/ http://irep.iium.edu.my/47057/1/Mustafa.Kazi.Rafikul.2015.pdf http://irep.iium.edu.my/47057/4/47057_measuring_the_performance_scopus.pdf |
| _version_ | 1848783076537139200 |
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| author | Mohammed, Mustafa Omar Tarique, Kazi Md Islam, Rafikul |
| author_facet | Mohammed, Mustafa Omar Tarique, Kazi Md Islam, Rafikul |
| author_sort | Mohammed, Mustafa Omar |
| building | IIUM Repository |
| collection | Online Access |
| description | The vision and mission of Islamic banks were supposed to reflect the adherence of their activities and aspiration to Maqāṣid al-Sharī‘ah. However, there are contentions that Islamic banks have been converging towards conventional banking system. Efforts have been expended to reverse the tide and harmonise Islamic banking to its Sharī‘ah objectives. Hitherto,the existing conventional yardsticks have failed to measure the impact of the harmonisation exercise on Islamic banks’ performance. Therefore, using
maqāṣid based yardstick to measure the performance of Islamic banks becomes imperative. This study has made use of al-Imām al-Ghazālī’s theory of Maqāṣid al-Sharī‘ah and Ibn ‘Āshūr’s reinterpretation, adopting content analysis and Sekaran (2000) behavioral science methods to develop a Maqāṣid Based Performance Evaluation Model (MPEM) to measure the performance of Islamic banks. Experts’ opinions have validated the model and its acceptability. Suggestions are provided to policy makers and future research.
Keywords: Harmonisation; Islamic banks; Maqāṣid al-Sharī‘ah; performance evaluation; Sharī‘ah. |
| first_indexed | 2025-11-14T16:15:36Z |
| format | Article |
| id | iium-47057 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T16:15:36Z |
| publishDate | 2015 |
| publisher | IIUM Press |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-470572016-04-17T15:00:18Z http://irep.iium.edu.my/47057/ Measuring the performance of Islamic banks using maqāsid based model Mohammed, Mustafa Omar Tarique, Kazi Md Islam, Rafikul HB131 Methodology.Mathematical economics. Quantitative methods HB846 Welfare theory HG1501 Banking The vision and mission of Islamic banks were supposed to reflect the adherence of their activities and aspiration to Maqāṣid al-Sharī‘ah. However, there are contentions that Islamic banks have been converging towards conventional banking system. Efforts have been expended to reverse the tide and harmonise Islamic banking to its Sharī‘ah objectives. Hitherto,the existing conventional yardsticks have failed to measure the impact of the harmonisation exercise on Islamic banks’ performance. Therefore, using maqāṣid based yardstick to measure the performance of Islamic banks becomes imperative. This study has made use of al-Imām al-Ghazālī’s theory of Maqāṣid al-Sharī‘ah and Ibn ‘Āshūr’s reinterpretation, adopting content analysis and Sekaran (2000) behavioral science methods to develop a Maqāṣid Based Performance Evaluation Model (MPEM) to measure the performance of Islamic banks. Experts’ opinions have validated the model and its acceptability. Suggestions are provided to policy makers and future research. Keywords: Harmonisation; Islamic banks; Maqāṣid al-Sharī‘ah; performance evaluation; Sharī‘ah. IIUM Press 2015 Article PeerReviewed application/pdf en http://irep.iium.edu.my/47057/1/Mustafa.Kazi.Rafikul.2015.pdf application/pdf en http://irep.iium.edu.my/47057/4/47057_measuring_the_performance_scopus.pdf Mohammed, Mustafa Omar and Tarique, Kazi Md and Islam, Rafikul (2015) Measuring the performance of Islamic banks using maqāsid based model. Intellectual Discourse, 23. pp. 401-424. ISSN 2289-5639 (O), 0128-4878 (P) |
| spellingShingle | HB131 Methodology.Mathematical economics. Quantitative methods HB846 Welfare theory HG1501 Banking Mohammed, Mustafa Omar Tarique, Kazi Md Islam, Rafikul Measuring the performance of Islamic banks using maqāsid based model |
| title | Measuring the performance of Islamic banks
using maqāsid based model |
| title_full | Measuring the performance of Islamic banks
using maqāsid based model |
| title_fullStr | Measuring the performance of Islamic banks
using maqāsid based model |
| title_full_unstemmed | Measuring the performance of Islamic banks
using maqāsid based model |
| title_short | Measuring the performance of Islamic banks
using maqāsid based model |
| title_sort | measuring the performance of islamic banks
using maqāsid based model |
| topic | HB131 Methodology.Mathematical economics. Quantitative methods HB846 Welfare theory HG1501 Banking |
| url | http://irep.iium.edu.my/47057/ http://irep.iium.edu.my/47057/1/Mustafa.Kazi.Rafikul.2015.pdf http://irep.iium.edu.my/47057/4/47057_measuring_the_performance_scopus.pdf |