Construction of Performance Measurement Indicators for Halal Banks based on Maqasid Al-Shari'ah

Satia Maharani, Setya Rahmawati, Syihabudin

2019

Abstract

Islam offers values that are holistic, balanced and sustainable, both material and non-material, in the practice of Islamic economics and halal bank particularly. Unfortunately, there is no consensus between scientists and practitioners regarding tools that measure success in implementing these high values. So far, performance measurement that is used to assess the achievements of halal banks is still conventional where the financial dimension as a top priority. This article presents a framework for measuring performance that relays between business performance and the vision of Islamic ethics based on maqasid al-shari'ah. Through a process of investigation and in-depth analysis, measurement indicators are constructed based on the dimensions of maqasid al-shari'ah, namely faith, intelligence, human self, descent and wealth. This performance measurement framework ensures that Islamic banks practice ethically in achieving prosperity. In addition, performance measurement can provide Islamic banks ranked as "Islam" and become a benchmark for developing performance measurements for other Islamic business entities.

Paper Citation

in Harvard Style

Maharani S., Rahmawati S. and Syihabudin. (2019). Construction of Performance Measurement Indicators for Halal Banks based on Maqasid Al-Shari'ah. In Proceedings of the 20th Malaysia Indonesia International Conference on Economics, Management and Accounting - Volume 1: MIICEMA, ISBN 978-989-758-582-1, pages 120-132. DOI: 10.5220/0009837300002900

in Bibtex Style

@conference{miicema19,
author={Satia Maharani and Setya Rahmawati and Syihabudin},
title={Construction of Performance Measurement Indicators for Halal Banks based on Maqasid Al-Shari'ah},
booktitle={Proceedings of the 20th Malaysia Indonesia International Conference on Economics, Management and Accounting - Volume 1: MIICEMA,},
year={2019},
pages={120-132},
publisher={SciTePress},
organization={INSTICC},
doi={10.5220/0009837300002900},
isbn={978-989-758-582-1},
}

in EndNote Style

TY - CONF

JO - Proceedings of the 20th Malaysia Indonesia International Conference on Economics, Management and Accounting - Volume 1: MIICEMA,
TI - Construction of Performance Measurement Indicators for Halal Banks based on Maqasid Al-Shari'ah
SN - 978-989-758-582-1
AU - Maharani S.
AU - Rahmawati S.
AU - Syihabudin.
PY - 2019
SP - 120
EP - 132
DO - 10.5220/0009837300002900