Maqasid Syariah as a Performance Framework for Islamic Financial Institutions

Soediro, Achmad; Meutia, İnten

doi:10.18202/jamal.2018.04.9005

Cited by 19 publications

(30 citation statements)

References 57 publications

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“…Maqashid Sharia means the highest purpose of Allah SWT and His Messenger in formulating Islamic law (Soediro & Meutia, 2018). According to Al-Ghazali's opinion, five things are the goal of Sharia such as to protect life, mind, offspring, freedom of religion and worship, and property (Laldin & Furqani, 2013).…”

Section: Literature Reviewmentioning

confidence: 99%

“…Al-Ghazali, a prominent Muslim scholar, classified the maqashid into five major categories, such as faith (deen), human self (nafs), intellect (aql), posterity (nasl), and wealth (maal). The five elements of the maqashid Sharia should become the framework of an Islamic financial institution by transforming the concept directly into the aspect of management and governance (Soediro & Meutia, 2018). Hudaefi & Noordin (2019) state that there are two reasons we need to modify the measurement of Islamic banks.…”

Section: Literature Reviewmentioning

confidence: 99%

“…However, those approach has several weaknesses if implemented as an indicator for Islamic banking because Islamic and conventional banking have different principles, functions, and operations. The indicators commonly applied to conventional banking do not consider the aspects and objectives of Sharia, while Islamic banking has different characteristics and performance from conventional banking (Antonio, Sanrego, & Taufiq, 2012;Soediro & Meutia, 2018;Wira, Handra, & Syukria, 2018;Ibrahim, 2015).…”

Section: Introductionmentioning

confidence: 99%

See 2 more Smart Citations

Comparison of Islamic Banking Performance in Indonesia, Pakistan, and Bangladesh: Sharia Maqashid Index Approach

Arif

Yati

2021

SJEKI

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There is a different characteristic between Islamic banks and conventional banks, so Islamic banks must have performance measures based on Islamic values in them. This study aims to measure the performance of Islamic banks in three countries - Bangladesh, Indonesia, and Pakistan - using the Sharia Maqashid Index. Also, this study examined whether there were differences in Sharia Maqashid Islamic bank indexes in the three countries using the one-way ANOVA test. The results of the study, in general, showed that the Al-Arafah Islamic Bank of Bangladesh received the highest score, followed by Bank of BNIS and Bank of BRIS. Besides, the results of the study also showed that there were differences in performance. This result implies that Islamic banks should use the maqashid sharia framework as a benchmark for their objective and performance indicators.========================================================================================================ABSTRAK – Perbandingan Kinerja Perbankan Syariah di Indonesia, Pakistan, dan Bangladesh: Pendekatan Indeks Maqashid Syariah. Terdapat perbedaan karakteristik antara bank syariah dan bank konvensional, sehingga ukuran kinerja bank syariah harus didasarkan pada nilai-nilai syariah yang terdapat di dalamnya. Penelitian ini bertujuan untuk mengukur kinerja bank syariah di tiga negara yaitu Bangladesh, Indonesia, dan Pakistan dengan menggunakan Sharia Maqashid Index. Selain itu, penelitian ini juga menguji apakah ada perbedaan indeks bank syariah Maqashid Syariah di tiga negara dengan menggunakan uji one-way ANOVA. Hasil penelitian secara umum menunjukkan bahwa Bank Islam Al-Arafah Bangladesh memperoleh skor tertinggi, disusul oleh Bank BNIS dan Bank BRIS. Selain itu, hasil penelitian juga menunjukkan adanya perbedaan kinerja di tiga negara tersebut. Hasil ini menyiratkan bahwa bank syariah harus menggunakan kerangka maqashid syariah sebagai tolok ukur tujuan dan indikator kinerjanya.

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Section: Literature Reviewmentioning

confidence: 99%

Section: Literature Reviewmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Comparison of Islamic Banking Performance in Indonesia, Pakistan, and Bangladesh: Sharia Maqashid Index Approach

Arif

Yati

2021

SJEKI

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“…Sistem mubah ini, memberikan konsekuensi yang jelas demi tercapainya tujuan kehidupan manusia yang dikenal dengan istilah falah, yaitu kesejahteraan dunia dan akhirat. Kesejahteraan dalam prinsip ekonomi Islam (Soediro & Meutia, 2018) haruslah mampu mewujudkan maksud-maksud syariah, yang dikenal dengan maqashid syariah, yang mencakup pemeliharaan terhadap lima unsur kehidupan, yakni penjagaan terhadap agama, jiwa, akal, keturunan dan harta. Tercapainya lima unsur tersebut akan membawa implikasi yang disebut konsep maslahah.…”

Section: Pendahuluanunclassified

Etika Bisnis E-Commerce Shopee Berdasarkan Maqashid Syariah Dalam Mewujudkan Keberlangsungan Bisnis

Ruslang

Kara²,

Wahab³

2020

JIEI

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This study discusses Shopee's e-commerce business ethics based on maqashid sharia in realizing business continuity. Business ethics are the foundation of contemporary business because buyers and sellers do not meet in person. Maintaining the trust of two parties, an absolute requirement for online trading, it is important to apply business ethics based on maqashid sharia. The implication of this is the building of mutual trust between buyers, sellers and Shopee online stores. This study aims to reveal the implications of implementing business ethics based on maqashid sharia at Shopee. This research method uses descriptive qualitative research with field research. In the research results, Shopee applies business ethics based on maqashid sharia so that buyers are increasing and sellers are more loyal and Shopee's business continuity is getting stronger.

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“…Maqashid syariah ialah sasaran-sasaran syariat dan hikmah terpendam dari diberlakukannya syariat hukum Allah (Soediro & Meutia, 2018). Terwujudnya kemaslahatan manusia dan melenyapkan kemudaratan merupakan pokok dari tujuan syariah, sedangkan mengutamakan ajaran-ajaran dasar Islam seperti keadilan bersama dan kemerdekaan adalah mabadi (pokok dasar).…”

Section: Maqoshid Syariah Imam Al-ghazaliunclassified

Konsep Marketing Berbasis Maqoshid Al-syari'i Imam Al-Ghazali

Santoso

2019

JIEI

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The thinking of the Imam Al-Ghazali socioeconomic Ra stem from a concept he called "Islamic social welfare functions". A theme that became the base of his entire starting is the concept of social welfare affairs or utilities (common good) contained in the maqasid Sharia. This study aims to formulate a concept of marketing based on the values mashlahat maqasid Sharia. The method of this research is kualitatid desktiptif with an approach to the study of librarianship.The research found that in designing the marketing pattern of marketers should pay attention to the concept of maslahah maqasid Sharia as a goal of as a guide in marketing strategies. Five things that go in Islamic trends i.e., religion, soul, intellect, lineage, and treasures are factors which becomes basic guidelines the lack of intervention. This design pattern, as a consequence of childbirth a maslahah therein.

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Maqasid Syariah as a Performance Framework for Islamic Financial Institutions

Cited by 19 publications

References 57 publications

Comparison of Islamic Banking Performance in Indonesia, Pakistan, and Bangladesh: Sharia Maqashid Index Approach

Comparison of Islamic Banking Performance in Indonesia, Pakistan, and Bangladesh: Sharia Maqashid Index Approach

Etika Bisnis E-Commerce Shopee Berdasarkan Maqashid Syariah Dalam Mewujudkan Keberlangsungan Bisnis

Konsep Marketing Berbasis Maqoshid Al-syari'i Imam Al-Ghazali

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