Maqashid Shariah-Based Performance and Islamic Social Responsibility; an Empirical Study of Islamic Bank in Asean
- DOI
- 10.2991/iconies-18.2019.79How to use a DOI?
- Keywords
- Maqashid Shariah-based Performance, Islamic Social Responsibility, Islamic Bank
- Abstract
The measurement of the financial performance of Islamic banking mostly still use the financial performance indicator of the conventional banking system. Necessarily, it should be linked with the purpose of Islamic banking that is to provide benefits to human beings and to implement the principles contained in the maqashid shariah. The excellent performance can provide an opportunity for Islamic banks to continue to grow, develop, and sustain. This study aimed to examine the effect of Maqashid Shariah-based Performance (MSP) on Islamic Social Responsibility (ISR) activity. This study used the ISR index consisting of 66 items, then analyzed content to 29 Islamic banks from 4 countries in ASEAN: Indonesia, Malaysia, Brunei Darussalam, and the Philippines from 2014 until 2017. Bank age and Gross Domestic Product (GDP) were used as the control variable. Using panel data from 113 observations, the results showed that MSP had a significant positive effect on ISR activity. This showed that the higher performance of Islamic banks would provide more exceptional ability to conduct ISR activities. The implication of this research is the Islamic bank should pay attention to Maqashid Shariah-based Performance to improve bankability in ISR activity
- Copyright
- © 2019, the Authors. Published by Atlantis Press.
- Open Access
- This is an open access article distributed under the CC BY-NC license (http://creativecommons.org/licenses/by-nc/4.0/).
Cite this article
TY - CONF AU - Nida Nadya Hasan AU - Miranti Kartika Dewi PY - 2019/10 DA - 2019/10 TI - Maqashid Shariah-Based Performance and Islamic Social Responsibility; an Empirical Study of Islamic Bank in Asean BT - Proceedings of the 2018 International Conference on Islamic Economics and Business (ICONIES 2018) PB - Atlantis Press SP - 410 EP - 415 SN - 2352-5428 UR - https://doi.org/10.2991/iconies-18.2019.79 DO - 10.2991/iconies-18.2019.79 ID - Hasan2019/10 ER -