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http://dx.doi.org/10.13106/jafeb.2021.vol8.no3.0307

Performance Analysis of Islamic Banks in Indonesia: The Maqashid Shariah Approach  

MURSYID, Mursyid (Department of Islamic Banking, Faculty of Islamic Economics and Business, State Islamic Institute (IAIN) of Samarinda)
KUSUMA, Hadri (Department of Accounting, Faculty of Business and Economics, Universitas Islam Indonesia)
TOHIRIN, Achmad (Department of Economics, Faculty of Business and Economics, Universitas Islam Indonesia)
SRIYANA, Jaka (Department of Economics, Faculty of Business and Economics, Universitas Islam Indonesia)
Publication Information
The Journal of Asian Finance, Economics and Business / v.8, no.3, 2021 , pp. 307-318 More about this Journal
Abstract
The objective of this study is to analyze the performance of Islamic banks with the Maqashid Shariah approach. The analysis technique used is the Simple Additive Weighting Method (SAW) to solve multi-attribute decision problems. The sampling technique used was purposive sampling while the data came from the annual report of each bank. The results showed that the BTPN Shariah (BTPNS) and Bank Muamalat Indonesia (BMI) are ranked first and second respectively on the Maqashid Shariah Index (MSI) with values of 0.265429 and 0.237110 respectively. Panin Dubai Shariah Bank (PDSB) ranked third with an MSI value of 0.180733, followed by BCA Shariah which ranked fourth with an MSI value of 0.151299. BRI Shariah ranked fifth with an MSI value of 0.128606, followed by BNI Shariah which ranked sixth with an MSI value of 0.124661. Bank Mega Shariah ranked last with an MSI value of 0.087068. Furthermore, there is a relationship (correlation) between ROE, ROA, and OEOI and MSI since each data has a value of 0.000, 0.000, 0.050, and 0.001 respectively, which is smaller than the significance value of 0.05. On the other hand, NPF, TPF, and Asset Growth Rates do not correlate with the MSI since each data has a value of 0.051, 0.252, and 0.215 respectively which is greater than the significance value of 0.05.
Keywords
Maqashid Shariah; Maqashid Shariah Index; Performance; Islamic Bank;
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