Indonesian Islamic Bank’s Peformance Under Maqāṣid Based Performance Evaluation Model (MPEM)

Jurnal Ekonomi & Keuangan Islam, Vol. 4 No. 2, Juli 2018: 93-103

11 Pages Posted: 13 Jun 2019

See all articles by Mustika Noor Mifrahi

Mustika Noor Mifrahi

Universitas Islam Indonesia - Faculty of Economics

Faaza Fakhrunnas

Universitas Islam Indonesia - Faculty of Economics

Date Written: July 1, 2018

Abstract

This study aims to measure the performance of Sharia banking under Maqashid Shariah’s point of view. Maqashid-sharia-based Performance Evaluation Model (MPEM) approach does not only shows the overall banking performance as usual, but also in the aspect of its Sharia compliance. The samples used in this study are 11 Islamic banks which is retrived from Central Bank of Indonesia that consist of Islamic Bank’s annual report from 2011 to 2017. To measure the Islamic banks, this research adopts maqashid sharia measurement that consist of 5 (five) elements formulated in MPEM. According to the finding, Bank Muammalat Indonesia (BMI) outperforms in all aspects with an average value of 177,93. However, in detail each Islamic banks has its strength in different criteria. Even though in certain period Islamic banks suffered loss, this condition did not lead the bank to perform non sharia activity.

Keywords: Islamic bank, performance evaluation, maqashid shari’ah

Suggested Citation

Mifrahi, Mustika Noor and Fakhrunnas, Faaza, Indonesian Islamic Bank’s Peformance Under Maqāṣid Based Performance Evaluation Model (MPEM) (July 1, 2018). Jurnal Ekonomi & Keuangan Islam, Vol. 4 No. 2, Juli 2018: 93-103, Available at SSRN: https://ssrn.com/abstract=3397436

Mustika Noor Mifrahi (Contact Author)

Universitas Islam Indonesia - Faculty of Economics ( email )

Jl. Pawiro Kuat
Condong Catur, Depok
Sleman, Daerah Istimewa Yogyakarta 55283
Indonesia

Faaza Fakhrunnas

Universitas Islam Indonesia - Faculty of Economics

Jl. Pawiro Kuat
Condong Catur, Depok
Sleman, Daerah Istimewa Yogyakarta 55283
Indonesia

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