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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Main Authors:	Mohamad, Muslim Har Sani, Ali, Muhammad Ahmar, Mohd Shariff, Ros Aniza
Format:	Article
Language:	English English
Published:	International Islamic University Malaysia 2016
Subjects:	HG1501 Banking
Online Access:	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

id	iium-50748
recordtype	eprints
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
repository_type	Digital Repository
institution_category	Local University
institution	International Islamic University Malaysia
building	IIUM Repository
collection	Online Access
language	English English
topic	HG1501 Banking
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
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.
format	Article
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
title	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_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_sort	determinants of maqasid al-shari’ah-based performance measurement practices: the case of malaysian islamic banks
publisher	International Islamic University Malaysia
publishDate	2016
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
first_indexed	2023-09-18T21:11:47Z
last_indexed	2023-09-18T21:11:47Z
_version_	1777411301018959872

Determinants of Maqasid al-Shari’ah-Based performance measurement practices: the case of Malaysian Islamic banks

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