The Performance Measures of Islamic Banking Based on the Maqasid Framework

By D. Razak, M. Mohamed, F. Taib. 2008

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Higher Ethical Objective (Maqasid al-Shari’ah) Augmented Framework for Islamic Banks: Assessing Ethical Performance and Exploring Its Determinants (2019, background): “Furthermore, Gross Domestic Product’ (GDP, as obtained from the World Bank) and ‘Financial Development’ (FD obtained from IMF) variables are included to capture the role of economic growth and financial development, respectively, on the maqasid performance.”
Islamic Banking Sustainability: A Review of Literature and Directions for Future Research (2016, background): “Conversely, other studies concentrated to maqasid Sharia index to Islamic banks and have less emphasis on institutional measures of sustainability despite its importance (Antonio, Sanrego, and Taufiq 2012; Mohammed, Razak, and Taib 2008; Shamsudin and Mohammed 2015).”
Developing Maqasid al-Shari’ah Index to Evaluate Social Performance of Islamic Banks: A Conceptual and Empirical Attempt (2015, methodology): “Some further studies propose the framework by conceptualising the maqasid al-Shariah, such as the one conducted by Mohammed et al. (2008), which performs ratios calculations including the distinct identities of IBF (e.g. zakah obligation and investment in real sector).”