The objectives of Islamic banking: a maqasid approach
What should the objectives of Islamic Banking (IB) be? Unfortunately, no serious effect has been made to address this question. It has never been discussed formally. What can be seen in many literatures are scanty and disjointed discussions about avoiding riba. The absence of a careful study on the...
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| Format: | Book Chapter |
| Language: | English |
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IIUM Institute of Islamic Banking and Finance
2009
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| Online Access: | http://irep.iium.edu.my/7336/ http://irep.iium.edu.my/7336/1/the_objective_islamic_banking_A-Maqasid.pdf |
| _version_ | 1848776827161542656 |
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| author | Mohammed, Mustafa Omar |
| author2 | Soualhi, Younes |
| author_facet | Soualhi, Younes Mohammed, Mustafa Omar |
| author_sort | Mohammed, Mustafa Omar |
| building | IIUM Repository |
| collection | Online Access |
| description | What should the objectives of Islamic Banking (IB) be? Unfortunately, no serious effect has been made to address this question. It has never been discussed formally. What can be seen in many literatures are scanty and disjointed discussions about avoiding riba. The absence of a careful study on the objectives of IB has resulted in misinformation and misgivings about the primary reasons for the existence of Islamic banks. As a results, most Islamic banks shy away from specifying the objectives of their establishment. This paper therefore aims at identifying the ideal objectives of IB from the theory of Maqasid al-Shari'ah and, proposes a need to develop a model of IB performance measures based on these objectives. |
| first_indexed | 2025-11-14T14:36:16Z |
| format | Book Chapter |
| id | iium-7336 |
| institution | International Islamic University Malaysia |
| institution_category | Local University |
| language | English |
| last_indexed | 2025-11-14T14:36:16Z |
| publishDate | 2009 |
| publisher | IIUM Institute of Islamic Banking and Finance |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | iium-73362012-10-26T14:09:57Z http://irep.iium.edu.my/7336/ The objectives of Islamic banking: a maqasid approach Mohammed, Mustafa Omar HG Finance HG1501 Banking KBP1 Islamic law.Shariah.Fiqh What should the objectives of Islamic Banking (IB) be? Unfortunately, no serious effect has been made to address this question. It has never been discussed formally. What can be seen in many literatures are scanty and disjointed discussions about avoiding riba. The absence of a careful study on the objectives of IB has resulted in misinformation and misgivings about the primary reasons for the existence of Islamic banks. As a results, most Islamic banks shy away from specifying the objectives of their establishment. This paper therefore aims at identifying the ideal objectives of IB from the theory of Maqasid al-Shari'ah and, proposes a need to develop a model of IB performance measures based on these objectives. IIUM Institute of Islamic Banking and Finance Soualhi, Younes Mydin Meera, Ahamed Kameel 2009 Book Chapter PeerReviewed application/pdf en http://irep.iium.edu.my/7336/1/the_objective_islamic_banking_A-Maqasid.pdf Mohammed, Mustafa Omar (2009) The objectives of Islamic banking: a maqasid approach. In: IIiBF Series in Islamic Banking and Finance: 1. IIUM Institute of Islamic Banking and Finance, Kuala Lumpur, pp. 243-268. ISBN 9789834456801 |
| spellingShingle | HG Finance HG1501 Banking KBP1 Islamic law.Shariah.Fiqh Mohammed, Mustafa Omar The objectives of Islamic banking: a maqasid approach |
| title | The objectives of Islamic banking: a maqasid approach |
| title_full | The objectives of Islamic banking: a maqasid approach |
| title_fullStr | The objectives of Islamic banking: a maqasid approach |
| title_full_unstemmed | The objectives of Islamic banking: a maqasid approach |
| title_short | The objectives of Islamic banking: a maqasid approach |
| title_sort | objectives of islamic banking: a maqasid approach |
| topic | HG Finance HG1501 Banking KBP1 Islamic law.Shariah.Fiqh |
| url | http://irep.iium.edu.my/7336/ http://irep.iium.edu.my/7336/1/the_objective_islamic_banking_A-Maqasid.pdf |