Determinants of Maqasid al-Shari’ah-Based performance measurement practices: the case of Malaysian Islamic banks
This study aims at investigating the practice of Maqāṣid al-Sharī‘ah based performance measures, determinants of its successful implementation and its impact on Islamic bank performance. Understanding the extent that Islamic banks are institutionalizing Maqāṣid al-Sharī‘ah based performance meas...
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| Format: | Article |
| Language: | English English |
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International Islamic University Malaysia
2016
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| Online Access: | http://irep.iium.edu.my/50748/ http://irep.iium.edu.my/50748/1/50748.pdf http://irep.iium.edu.my/50748/4/50748_Determinants%20of%20Maqasid%20al-Shari%E2%80%99ah-Based%20performance%20measurement%20practices_WoS.pdf |
| _version_ | 1848783712124141568 |
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| author | Mohamad, Muslim Har Sani Ali, Muhammad Ahmar Mohd Shariff, Ros Aniza |
| author_facet | Mohamad, Muslim Har Sani Ali, Muhammad Ahmar Mohd Shariff, Ros Aniza |
| author_sort | Mohamad, Muslim Har Sani |
| building | IIUM Repository |
| collection | Online Access |
| description | This study aims at investigating the practice of Maqāṣid al-Sharī‘ah based performance measures, determinants of its successful implementation and its impact on Islamic bank performance. Understanding the extent that Islamic banks are institutionalizing Maqāṣid al-Sharī‘ah based performance measures (Maqāṣid PMs) will provide greater insights into the development of Islamic banking in achieving the Islamic financial system objectives. A total of 146 questionnaires were distributed to all business units of all 16 Islamic commercial banks in Malaysia. The study found that contrary to the contemporary scepticism, Islamic banks in Malaysia are indeed promoting and committed to achieving Maqāṣid al-Sharī‘ah with the relevant performance measures in place. Specifically, the study found that performance measures for public interest and fairness are widely used by the Islamic banks. With communication technology and regulatory compliance, use of Maqāṣid al-Sharī‘ah based performance measures as Islamic banks’ performance driver becomes more potent. |
| first_indexed | 2025-11-14T16:25:42Z |
| format | Article |
| id | iium-50748 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English English |
| last_indexed | 2025-11-14T16:25:42Z |
| publishDate | 2016 |
| publisher | International Islamic University Malaysia |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-507482017-10-03T08:11:46Z http://irep.iium.edu.my/50748/ Determinants of Maqasid al-Shari’ah-Based performance measurement practices: the case of Malaysian Islamic banks Mohamad, Muslim Har Sani Ali, Muhammad Ahmar Mohd Shariff, Ros Aniza HG1501 Banking This study aims at investigating the practice of Maqāṣid al-Sharī‘ah based performance measures, determinants of its successful implementation and its impact on Islamic bank performance. Understanding the extent that Islamic banks are institutionalizing Maqāṣid al-Sharī‘ah based performance measures (Maqāṣid PMs) will provide greater insights into the development of Islamic banking in achieving the Islamic financial system objectives. A total of 146 questionnaires were distributed to all business units of all 16 Islamic commercial banks in Malaysia. The study found that contrary to the contemporary scepticism, Islamic banks in Malaysia are indeed promoting and committed to achieving Maqāṣid al-Sharī‘ah with the relevant performance measures in place. Specifically, the study found that performance measures for public interest and fairness are widely used by the Islamic banks. With communication technology and regulatory compliance, use of Maqāṣid al-Sharī‘ah based performance measures as Islamic banks’ performance driver becomes more potent. International Islamic University Malaysia 2016 Article PeerReviewed application/pdf en http://irep.iium.edu.my/50748/1/50748.pdf application/pdf en http://irep.iium.edu.my/50748/4/50748_Determinants%20of%20Maqasid%20al-Shari%E2%80%99ah-Based%20performance%20measurement%20practices_WoS.pdf Mohamad, Muslim Har Sani and Ali, Muhammad Ahmar and Mohd Shariff, Ros Aniza (2016) Determinants of Maqasid al-Shari’ah-Based performance measurement practices: the case of Malaysian Islamic banks. International Journal of Economics, Management and Accounting, 24 (1). pp. 49-81. ISSN 0128-006 http://journals.iium.edu.my/enmjournal/index.php/enmj/article/view/393 |
| spellingShingle | HG1501 Banking Mohamad, Muslim Har Sani Ali, Muhammad Ahmar Mohd Shariff, Ros Aniza Determinants of Maqasid al-Shari’ah-Based performance measurement practices: the case of Malaysian Islamic banks |
| title | Determinants of Maqasid al-Shari’ah-Based performance measurement practices: the case of Malaysian Islamic banks |
| title_full | Determinants of Maqasid al-Shari’ah-Based performance measurement practices: the case of Malaysian Islamic banks |
| title_fullStr | Determinants of Maqasid al-Shari’ah-Based performance measurement practices: the case of Malaysian Islamic banks |
| title_full_unstemmed | Determinants of Maqasid al-Shari’ah-Based performance measurement practices: the case of Malaysian Islamic banks |
| title_short | Determinants of Maqasid al-Shari’ah-Based performance measurement practices: the case of Malaysian Islamic banks |
| title_sort | determinants of maqasid al-shari’ah-based performance measurement practices: the case of malaysian islamic banks |
| topic | HG1501 Banking |
| url | http://irep.iium.edu.my/50748/ http://irep.iium.edu.my/50748/ http://irep.iium.edu.my/50748/1/50748.pdf http://irep.iium.edu.my/50748/4/50748_Determinants%20of%20Maqasid%20al-Shari%E2%80%99ah-Based%20performance%20measurement%20practices_WoS.pdf |