Indonesia Islamic Banks Performance Pre and During Covid-19 Pandemic Based on the Maqāsid Sharīʿah Index

Abstract

This study try to analyze and compare the performance of Islamic commercial banks pre and during COVID-19 (2018- 2021) based on the Maqāsid ul-sharīʿah index using the Simple Additive Weighting Method (SAW) which was carried out on 11 Islamic commercial banks in Indonesia and to provide deeper information to stakeholders regarding the performance of Islamic commercial banks which are different with conventional bank. The result show that there were eight banks that experienced an increase in Maqāsid ul-sharīʿah performance from the pre-COVID- 19 period, while 3 other banks decreased in terms of performance. On the other hand, when viewed from a rating comparison perspective, there are four banks that have experienced an increase in rating and 3 banks have decreased in terms of rating, while the remaining four banks are at the same rating.