Measuring shariah compliance model : evidence from Islamic banks in Indonesi
Other Title(s)
نموذج قياس الالتزام الإسلامي : أدلة من البنوك الإسلامية في إندونيسيا
Joint Authors
Ismail, Abd al-Ghaffar B.
Rakhmadi, Ardiansyah
Tohirin, Achmad
Sriyana, Jaka
Source
Journal of King Abdulaziz University : Islamic Economics
Issue
Vol. 35, Issue 1 (31 Jan. 2022), pp.23-40, 18 p.
Publisher
King Abdulaziz University Scientific Publishing Center
Publication Date
2022-01-31
Country of Publication
Saudi Arabia
No. of Pages
18
Main Subjects
Abstract EN
Measuring the sharīʿah-compliance achievement of Islamic banks is important because the bank products should follow sharīʿah principles.
Although some studies have formulated measurement models, most of the models are still conceptual or empirical research but with the partial approach employing only part of sharīʿah-compliance variables such as a contract or maqāṣid al-sharīʿah alone.
Therefore, this study attempts to bridge the gap by building a comprehensive model and implementing it to the empirical research in ten Indonesian Islamic Banks by utilizing two sharīʿah compliance variables: the contract and maqāṣid al- sharīʿah simultaneously.
In this study, the modeling process used a theory-based method.
Afterward, the paper expresses the measurement results in a sharīʿah compliance index.
The sharīʿah-compliance index represents a comparison between standard and measurement scores.
The study has found that the Bank standard operating procedure (SOP) of the product and its implementation did not fully achieve the model standard scores with the rare frequency of sharīʿah non-compliant events in its practice.
American Psychological Association (APA)
Rakhmadi, Ardiansyah& Tohirin, Achmad& Ismail, Abd al-Ghaffar B.& Sriyana, Jaka. 2022. Measuring shariah compliance model : evidence from Islamic banks in Indonesi. Journal of King Abdulaziz University : Islamic Economics،Vol. 35, no. 1, pp.23-40.
https://search.emarefa.net/detail/BIM-1314468
Modern Language Association (MLA)
Ismail, Abd al-Ghaffar B.…[et al.]. Measuring shariah compliance model : evidence from Islamic banks in Indonesi. Journal of King Abdulaziz University : Islamic Economics Vol. 35, no. 1 (Jan. 2022), pp.23-40.
https://search.emarefa.net/detail/BIM-1314468
American Medical Association (AMA)
Rakhmadi, Ardiansyah& Tohirin, Achmad& Ismail, Abd al-Ghaffar B.& Sriyana, Jaka. Measuring shariah compliance model : evidence from Islamic banks in Indonesi. Journal of King Abdulaziz University : Islamic Economics. 2022. Vol. 35, no. 1, pp.23-40.
https://search.emarefa.net/detail/BIM-1314468
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 37-38
Record ID
BIM-1314468