The Performance Measures of Islamic Banking Based on the Maqasid Framework

It has been taken for granted that Islamic banking (IB) is only about avoiding riba. The objectives of Islamic banking have not been formally addressed. As such, the present conventional performance yardsticks being used by IB have focused largely on financial measures. Hence there is a need for dev...

Full description

Bibliographic Details
Main Authors:	Abdul Razak, Dzuljastri, Mohamed, Mustafa Omar, Md Taib, Fauziah
Format:	Conference or Workshop Item
Language:	English
Published:	2008
Subjects:	HG1501 Banking
Online Access:	http://irep.iium.edu.my/10121/ http://irep.iium.edu.my/10121/1/INTAC_4%28accounting%29.Revised.pdf

id	iium-10121
recordtype	eprints
spelling	iium-101212011-12-14T08:25:32Z http://irep.iium.edu.my/10121/ The Performance Measures of Islamic Banking Based on the Maqasid Framework Abdul Razak, Dzuljastri Mohamed, Mustafa Omar Md Taib, Fauziah HG1501 Banking It has been taken for granted that Islamic banking (IB) is only about avoiding riba. The objectives of Islamic banking have not been formally addressed. As such, the present conventional performance yardsticks being used by IB have focused largely on financial measures. Hence there is a need for developing other performance measures that would complement the financial objectives of IB. This paper therefore proposes the objectives of IB from the theory of Maqasid al-Shari’ah and, derives a model of IB performance measures based on these objectives. A behavioral approach operationalization method (Sekaran, 2000) is used to quantify the Maqasid into measurable IB performance indicators that are later used for testing on a sample of six Islamic banks. The banks are evaluated and ranked at three levels based on their: 1) performance ratios, 2) performance indicators and 3) the overall Maqasid Index. Key words: Maqasid al-Shari’ah, Operationalization,., Simple Additive Weighting (SAW) Maqasid Index. 2008 Conference or Workshop Item PeerReviewed application/pdf en http://irep.iium.edu.my/10121/1/INTAC_4%28accounting%29.Revised.pdf Abdul Razak, Dzuljastri and Mohamed, Mustafa Omar and Md Taib, Fauziah (2008) The Performance Measures of Islamic Banking Based on the Maqasid Framework. In: IIUM International Accounting Conference IV (INTAC IV), 24-26 June, 2008, Marriot Putrajaya Hotel. (Unpublished)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English
topic	HG1501 Banking
spellingShingle	HG1501 Banking Abdul Razak, Dzuljastri Mohamed, Mustafa Omar Md Taib, Fauziah The Performance Measures of Islamic Banking Based on the Maqasid Framework
description	It has been taken for granted that Islamic banking (IB) is only about avoiding riba. The objectives of Islamic banking have not been formally addressed. As such, the present conventional performance yardsticks being used by IB have focused largely on financial measures. Hence there is a need for developing other performance measures that would complement the financial objectives of IB. This paper therefore proposes the objectives of IB from the theory of Maqasid al-Shari’ah and, derives a model of IB performance measures based on these objectives. A behavioral approach operationalization method (Sekaran, 2000) is used to quantify the Maqasid into measurable IB performance indicators that are later used for testing on a sample of six Islamic banks. The banks are evaluated and ranked at three levels based on their: 1) performance ratios, 2) performance indicators and 3) the overall Maqasid Index. Key words: Maqasid al-Shari’ah, Operationalization,., Simple Additive Weighting (SAW) Maqasid Index.
format	Conference or Workshop Item
author	Abdul Razak, Dzuljastri Mohamed, Mustafa Omar Md Taib, Fauziah
author_facet	Abdul Razak, Dzuljastri Mohamed, Mustafa Omar Md Taib, Fauziah
author_sort	Abdul Razak, Dzuljastri
title	The Performance Measures of Islamic Banking Based on the Maqasid Framework
title_short	The Performance Measures of Islamic Banking Based on the Maqasid Framework
title_full	The Performance Measures of Islamic Banking Based on the Maqasid Framework
title_fullStr	The Performance Measures of Islamic Banking Based on the Maqasid Framework
title_full_unstemmed	The Performance Measures of Islamic Banking Based on the Maqasid Framework
title_sort	performance measures of islamic banking based on the maqasid framework
publishDate	2008
url	http://irep.iium.edu.my/10121/ http://irep.iium.edu.my/10121/1/INTAC_4%28accounting%29.Revised.pdf
first_indexed	2023-09-18T20:19:35Z
last_indexed	2023-09-18T20:19:35Z
_version_	1777408016468934656

The Performance Measures of Islamic Banking Based on the Maqasid Framework

Similar Items