An Islamic vision development based indicators in analyzing the Islamic Banks performance : evidence from Malaysia, Indonesia and selected GCC countries
Joint Authors
Ismail, Abd al-Ghaffar B.
Ngalim, Siti Manisah
Source
Islamic Research and Training Institute
Issue
Vol. 2014, Issue 1-2, 7-11, 13-20 (31 Dec. 2014), pp.1-33, 33 p.
Publisher
Islamic Development Bank (IDB) Islamic Research and Training Institute (IRTI)
Publication Date
2014-12-31
Country of Publication
Saudi Arabia
No. of Pages
33
Main Subjects
Financial and Accounting Sciences
Islamic Studies
Topics
- Economic development
- Financial institutions
- Islam
- Performance appraisal
- Socio-economic indicators
- Income distribution
- Arab Gulf States
- Indonesia
- Malaysia
- Maqasid al-Shari'ah
- Islamic Banks
- Financial performance
Abstract EN
The current evaluation of Islamic Banks performance uses the conventional measurs, which is not unacceptable as the current Islamic Banks’ structure is mainly equal of its conventional counterparts in the sense that they are developed in the frame of business entity, thus business-based performance such as profitability becomes the main concern.
However, the fact that an Islamic Bank is governed and guided by Islamic Law, necessitates a deeper and more careful understanding of the purpose of the law itself.
This subject should never be neglected, as the Sharia, itself exists for a bigger purpose than merely guidelines or a statement of what is allowed and what is prohibited.
The theory of the purpose of law or maqasid al-Shari’ah as first proposed and structured by al-Juwaini, has patched the path towards understanding thus better implementation of Islam as it should to capture and achieve its higher intent, the real well-being of human in this world (al-falah fid-dunya) and the hereafter (al-falah fil-aakhirah).
This study learns from Schumpeterian Finance-Growth Theory vis-à-vis the Development in the light of Maqasid al-Shari’ah by Chapra (2008) to: first, highlight the Islamic-based Finance-Development Theory that focuses on development in the light of Maqasid al-Shari’ah.
It then analyses its Islamic-vision-development-based (IVDB) performance of Islamic banks in achieving al-falah as a complement to its business-based measurement.
The analysis will be based on annual reports of 20 Islamic banks in major continent of players in Islamic Finance namely Malaysia, Indonesia and selected GCC countries.
The result is anticipated to give a new breath in measuring performance of Islamic financial institution, in this case Islamic banks and highlight the Islamic vision of its function and how far it has fulfilled the vision.
American Psychological Association (APA)
Ngalim, Siti Manisah& Ismail, Abd al-Ghaffar B.. 2014. An Islamic vision development based indicators in analyzing the Islamic Banks performance : evidence from Malaysia, Indonesia and selected GCC countries. Islamic Research and Training Institute،Vol. 2014, no. 1-2, 7-11, 13-20, pp.1-33.
https://search.emarefa.net/detail/BIM-603734
Modern Language Association (MLA)
Ngalim, Siti Manisah& Ismail, Abd al-Ghaffar B.. An Islamic vision development based indicators in analyzing the Islamic Banks performance : evidence from Malaysia, Indonesia and selected GCC countries. Islamic Research and Training Institute No. 1-2, 7-11, 13-20 (2014), pp.1-33.
https://search.emarefa.net/detail/BIM-603734
American Medical Association (AMA)
Ngalim, Siti Manisah& Ismail, Abd al-Ghaffar B.. An Islamic vision development based indicators in analyzing the Islamic Banks performance : evidence from Malaysia, Indonesia and selected GCC countries. Islamic Research and Training Institute. 2014. Vol. 2014, no. 1-2, 7-11, 13-20, pp.1-33.
https://search.emarefa.net/detail/BIM-603734
Data Type
Journal Articles
Language
English
Notes
Includes appendix : p. 33
Record ID
BIM-603734