Abstract
The purpose of this study is to examine the performance of Islamic banking in Indonesia based on MSI (Maqashid Shariah Index). Combining the maqashid sharia Ibn Ashur and Abu Zaharah with the methodological concept developed by Sekaran (Mohammed et al., 2015). The three objectives of Maqashid Sharia: (1) Tahdhib al-Fard (Educating individuals); (2) Iqamah al-ʻAdl (establishing justice); and (3) Jalb al-Maslahah (Public Interest). Simple Additive Weighting (SAW) is used as a method for ranking the performance of Islamic banking based on the final results from MSI. The results showed 14 Islamic Commercial Banks (BUS) in 2011-2019, had an average IMS 0.1694. The IMS of five Islamic banks is below the average, namely BMS, Maybank, BTPNS, BAS, and BNTBS. IMS first rank is BPS index 0.2336, second rank is BVS index 0.2168, third rank is BSB index 0.2164, fourth rank is BCAS with index 0.2129, fifth rank is BMI with 0.183 index, sixth rank is BSM with an index of 0.1895, the seventh rank is BRIS with an index of 0.1904, the eighth is BNIS with an index of 0.1814, the ninth is BJBS 0.1759, the tenth is BMS 0.153, the eleventh is Maybank index 0.1289, the twelfth is BTPNS 0.1237 the thirteenth is BAS 0.0930, and the last fourteen is BNTBS with an index of 0.1289
Highlights
1990-an, tepatnya pada tahun 1992, dengan kehadiran Bank Muamalat Indonesia (BMI) sebagai Bank syariah harus mengedepankan peringkat “S” (Syariah) pertama di Indonesia
Performance Measures of Islamic Banking Based on the Maqasid Framework
Islamic corporate governance and performance based on maqasid sharia index– study in Indonesia
Summary
1990-an, tepatnya pada tahun 1992, dengan kehadiran Bank Muamalat Indonesia (BMI) sebagai Bank Syariah pertama di Indonesia. Pertumbuhan perbankan syariah baik secara nasional maupun global diikuti oleh pertumbuhan sektor lain, seperti produk halal dan lifestyle syariah yang saat ini sedang marak di berbagai Negara. Kritik terhadap bank syariah atas ukuran kinerja terutama karena tujuan dasar perbankan syariah sampai saat ini belum tertangani secara serius, sehingga focusnya masih berkutat seputar kinerja keuangan (Nasuka, 2017). Maka dari itu gagasan para cendekian muslim untuk mengukur kinerja perbankan syariah berdasarkan maqashid syariah telah disambut baik, terutama di dunia akademik, namun belum terimplementasi secara regulative oleh otoritas perbankan di berbagai Negara (Mohammed & Razak, 2008). Penilaian kinerja perbankan syariah berdasarkan indeks maqashid syariah di Indonesia telah banyak dilakukan, kebanyakan menggunakan Simple Additive Weighting (SAW) atau Maqshid Syariah Index (MSI), dan beberapa menggunakan Sharia Conformity and Profitablility (SCnP) dalam waktu dan objek yang terbatas. Teori maqashid syariah dari al Ghazali, telah tersebut, seperti terlihat pada tabel berikut: menginspirasi para cendekiawan muslim
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