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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Main Authors:	Mohammed, Mustafa Omar, Tarique, Kazi Md, Islam, Rafikul
Format:	Article
Language:	English English
Published:	IIUM Press 2015
Subjects:	HB131 Methodology.Mathematical economics. Quantitative methods HB846 Welfare theory HG1501 Banking
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

id	iium-47057
recordtype	eprints
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)
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HB131 Methodology.Mathematical economics. Quantitative methods HB846 Welfare theory HG1501 Banking
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
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.
format	Article
author	Mohammed, Mustafa Omar Tarique, Kazi Md Islam, Rafikul
author_facet	Mohammed, Mustafa Omar Tarique, Kazi Md Islam, Rafikul
author_sort	Mohammed, Mustafa Omar
title	Measuring the performance of Islamic banks using maqāsid based model
title_short	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_sort	measuring the performance of islamic banks using maqāsid based model
publisher	IIUM Press
publishDate	2015
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
first_indexed	2023-09-18T21:06:58Z
last_indexed	2023-09-18T21:06:58Z
_version_	1777410997798043648

Measuring the performance of Islamic banks using maqāsid based model

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