![]() ![]() Empirical evidence suggests that conventional performance measurements do not truly reflect IBs’ higher ethical objectives, and create a deficiency of attaining Maqāṣid al-Sharī‘ah performance in these banks. ![]() The selected banks’ annual reports were examined, applying content analysis to obtain the necessary data, using the Simple Additive Weighting (SAW) method to determine the level of Maqāṣid in the sample. Hence, testing whether IBs achieve socio-economic justice and attain best practice by securing social good. Third, we investigate how far IBs have gone towards achieving Maqāṣid al-Sharī‘ah goals during the last decade, post-global financial crises (GFC) period, with a particular focus on Indonesia as a case study. ![]() Second, we analyse the ethical and social performance of Islamic banks (IBs) based on the Maqāṣid al-Sharī‘ah Index (MSI) that emphasises disclosures related to education, social justice, and redistribution of wealth. First, we examine the importance of both ethical and social concerns on bank performance in general. This paper aims to investigate Islamic banking performance based on higher ethical objectives enshrined within Sharī‘ah (Islamic legal rulings) namely, Maqāṣid al-Sharī‘ah. ![]()
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