Mohamad, Muslim Har Sani and Muhamad, Ahmar Ali and Mohd. Shariff, Ros Aniza (2016) Determinants of maqāsiḍ 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. E-ISSN 2462-1420
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Abstract
This study aims at investigating the practice of Maqā sid ̣ 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 Maqā sid ̣ al-Sharī‘ah based performance measures (Maqā sid ̣ 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 Maqā sid ̣ 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 Maqā sid ̣ al-Sharī‘ah based performance measures as Islamic banks’ performance driver becomes more potent.
| Item Type: | Article (Journal) |
|---|---|
| Uncontrolled Keywords: | Islamic banks, Performance measurement, Maqā sid ̣ al-Sharī‘ah, Organizational performance, Malaysia |
| Subjects: | H Social Sciences > HG Finance > HG3368 Islamic Banking and Finance H Social Sciences > HJ Public Finance > HJ9701 Public accounting |
| Kulliyyahs/Centres/Divisions/Institutes (Can select more than one option. Press CONTROL button): | Kulliyyah of Economics and Management Sciences > Department of Accounting |
| Depositing User: | Dr Ros Aniza Mohd Shariff |
| Date Deposited: | 03 Sep 2021 11:53 |
| Last Modified: | 03 Sep 2021 11:53 |
| URI: | http://irep.iium.edu.my/id/eprint/91934 |
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