MASLAHAH BASED MEASUREMENT ON INDONESIA ISLAMIC BANKS
Every single effort or process taken by Islamic bank to maximize output should also uphold Islamic values, so that maqashid sharia (maslahah-sharia objectives) would be automatically achieved. There were some research conducted to measure Islamic bank performance using maqashid sharia framework. Ho...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Fakultas Ekonomi Universitas Islam Sultan Agung
2018-03-01
|
| Series: | IJIBE (International Journal of Islamic Business Ethics) |
| Subjects: | |
| Online Access: | http://dx.doi.org/10.30659/ijibe.3.1.365-382 |
| _version_ | 1819260712360345600 |
|---|---|
| author | Aam S. Rusydiana Hendri Tanjung Lina Marlina |
| author_facet | Aam S. Rusydiana Hendri Tanjung Lina Marlina |
| author_sort | Aam S. Rusydiana |
| collection | DOAJ |
| description | Every single effort or process taken by Islamic bank to maximize output should also uphold Islamic values, so that maqashid sharia (maslahah-sharia objectives) would be automatically achieved. There were some research conducted to measure Islamic bank performance using maqashid sharia framework. However, these studies were not explicitly addressing the issue of cost-saving strategies within the framework of efficiency measurement. It is therefore this paper aims to have efficiency and maslahah measurement in one assessment framework that is maslahah-eficiency quadrant (MEQ). There are three aspects measurement of maslahah, namely education, justice,
and welfare as maqashid sharia index (MSI). Hence, in order to measure efficiency level of Islamic Banking Industry especially Sharia Business Unit, this study use Data Envelopment Analysis (DEA) method and employ Banxia Frontier Analyst 3.1 for data analysis. Within the MEQ framework, the study revealed that Permata, CIMB, BTN, DKI, Jambi, and Kalbar are excellent since both are within the first quadrant.Whereas Maybank, NISP, Sinarmas, Sumbar, and Sulselbar are considered good at the second quadrant; Danamon, Jatim, Sumut, Riau&Kepri, Kalsel, and Kaltim are fair at the third; and DIY, Jateng, and NTB are poor at the fourth sequentially. It is urge for Islamic bank that are in low level of MSI to have a critical policy to keep in line with the five factor of maqashid sharia apart of having efficiency in order to reach maslahah. |
| first_indexed | 2024-12-23T19:30:16Z |
| format | Article |
| id | doaj.art-3aae41bd8f974a19a629e7e5fb8694e0 |
| institution | Directory Open Access Journal |
| issn | 2502-0633 2502-4647 |
| language | English |
| last_indexed | 2024-12-23T19:30:16Z |
| publishDate | 2018-03-01 |
| publisher | Fakultas Ekonomi Universitas Islam Sultan Agung |
| record_format | Article |
| series | IJIBE (International Journal of Islamic Business Ethics) |
| spelling | doaj.art-3aae41bd8f974a19a629e7e5fb8694e02022-12-21T17:33:55ZengFakultas Ekonomi Universitas Islam Sultan AgungIJIBE (International Journal of Islamic Business Ethics)2502-06332502-46472018-03-013136538210.30659/ijibe.3.1.365-382MASLAHAH BASED MEASUREMENT ON INDONESIA ISLAMIC BANKSAam S. Rusydiana0Hendri Tanjung1Lina Marlina2Sharia Economic Applied Research & Training (SMART) IndonesiaIbn Khaldun University, IndonesiaSiliwangi University Tasikmalaya, Indonesia Every single effort or process taken by Islamic bank to maximize output should also uphold Islamic values, so that maqashid sharia (maslahah-sharia objectives) would be automatically achieved. There were some research conducted to measure Islamic bank performance using maqashid sharia framework. However, these studies were not explicitly addressing the issue of cost-saving strategies within the framework of efficiency measurement. It is therefore this paper aims to have efficiency and maslahah measurement in one assessment framework that is maslahah-eficiency quadrant (MEQ). There are three aspects measurement of maslahah, namely education, justice, and welfare as maqashid sharia index (MSI). Hence, in order to measure efficiency level of Islamic Banking Industry especially Sharia Business Unit, this study use Data Envelopment Analysis (DEA) method and employ Banxia Frontier Analyst 3.1 for data analysis. Within the MEQ framework, the study revealed that Permata, CIMB, BTN, DKI, Jambi, and Kalbar are excellent since both are within the first quadrant.Whereas Maybank, NISP, Sinarmas, Sumbar, and Sulselbar are considered good at the second quadrant; Danamon, Jatim, Sumut, Riau&Kepri, Kalsel, and Kaltim are fair at the third; and DIY, Jateng, and NTB are poor at the fourth sequentially. It is urge for Islamic bank that are in low level of MSI to have a critical policy to keep in line with the five factor of maqashid sharia apart of having efficiency in order to reach maslahah.http://dx.doi.org/10.30659/ijibe.3.1.365-382maslahah-efficiency quadrant (meq)maqashid sharia index (msi)deaislamic bank |
| spellingShingle | Aam S. Rusydiana Hendri Tanjung Lina Marlina MASLAHAH BASED MEASUREMENT ON INDONESIA ISLAMIC BANKS IJIBE (International Journal of Islamic Business Ethics) maslahah-efficiency quadrant (meq) maqashid sharia index (msi) dea islamic bank |
| title | MASLAHAH BASED MEASUREMENT ON INDONESIA ISLAMIC BANKS |
| title_full | MASLAHAH BASED MEASUREMENT ON INDONESIA ISLAMIC BANKS |
| title_fullStr | MASLAHAH BASED MEASUREMENT ON INDONESIA ISLAMIC BANKS |
| title_full_unstemmed | MASLAHAH BASED MEASUREMENT ON INDONESIA ISLAMIC BANKS |
| title_short | MASLAHAH BASED MEASUREMENT ON INDONESIA ISLAMIC BANKS |
| title_sort | maslahah based measurement on indonesia islamic banks |
| topic | maslahah-efficiency quadrant (meq) maqashid sharia index (msi) dea islamic bank |
| url | http://dx.doi.org/10.30659/ijibe.3.1.365-382 |
| work_keys_str_mv | AT aamsrusydiana maslahahbasedmeasurementonindonesiaislamicbanks AT hendritanjung maslahahbasedmeasurementonindonesiaislamicbanks AT linamarlina maslahahbasedmeasurementonindonesiaislamicbanks |