Performance of Islamic banks based on maqasid al-sharīʿah: a systematic review of current research

Mahyudin, Wan A'tirah and Rosman, Romzie (2022) Performance of Islamic banks based on maqasid al-sharīʿah: a systematic review of current research. Journal of Islamic Accounting and Business Research. pp. 714-735. ISSN 1759-0817 E-ISSN 1759-0825

	PDF (Online First) - Published Version Restricted to Repository staff only Download (530kB) | Request a copy
Preview	PDF - Supplemental Material Download (197kB) | Preview

Abstract

Purpose – This study aims to systematically explore the approaches used by previous studies in measuring the performance of Islamic banks based on maqasid al-Sharīʿah. Design/methodology/approach – The data obtained in this study were derived from a review of empirical literature based on 15 articles published between 2012 and 2019. The sample articles on the performance of Islamic banks based on maqasid al-Sharīʿah were located by searching keywords in the most relevant social science research databases such as Scopus,Web of Science and EBSCOhost. Findings – The emerging trend in measuring the performance of Islamic banks from the maqasid perspective highlighted that there is insufficient research on the determinants of Islamic bank performance. Practical implications – The reviews undertaken in this paper will resolve the literature gaps in the area of maqasid al-Sharīʿah and Islamic banks, as this study serves as a reference for scholars, academicians and interested researchers in Islamic banking and finance studies to pursue more research in this area. Social implications – Performance measurement based on maqasid al-Sharīʿah enhances society’s confidence in supporting Islamic banking practices, particularly among the Muslim community. Islamic banks can also be exemplary financial intermediaries supporting fair and equitable financial systems for the entire community. Originality/value – This paper is original in its nature, considering that understanding the relationship between maqasid al-Sharīʿah and the performance of Islamic banks is limited. This paper reveals a literature gap that can be explored by future studies theoretically and practically.

Item Type:	Article (Review)
Uncontrolled Keywords:	Maqasid al-Sharīʿah, Performance, Islamic banks, Systematic literature review
Subjects:	H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance
Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button):	Institute of Islamic Banking & Finance (IIiBF)
Depositing User:	Dr. ROMZIE ROSMAN
Date Deposited:	01 Apr 2022 08:54
Last Modified:	27 Sep 2023 15:41
URI:	http://irep.iium.edu.my/id/eprint/97435

Actions (login required)

View Item