期刊名称：Journal of Islamic Monetary Economics and Finance
印刷版ISSN：2460-6146
电子版ISSN：2460-6618
出版年度：2015
卷号：1
期号：1
页码：55-77
语种：English
出版社：Bank Indonesia
摘要：Islamic banking has achieved remarkable growth that has surpassed the growth of the conventional banking system.Yet,studies show that theperformances of Islamic banks (lBs) seem to be trailing behind the conventionalbanks (CBs).Is the poor performance of IBs the result of mismatch between theirobjectives and their performance measurement criteria or it is a reflection of theirtrue performances? The objectives of Islamic banking had not been formallyaddressed.Mustafa and Taib (2009) derived the objectives of Islamic banking fromAbu Zahara's theory of the objectives of Shariah (Maqasid al-Shari'ah) and,basedon these Shari'ah objectives,developed a model of Islamic banking performancemeasures.They named it as Performance Measures based on Maqasid a-Shariahframework or the PMMS model.This paper has tested the PMMS model on asample 24 banks (12 IBs and 12 CBs).The twenty four banks were also evaluatedusing the traditional conventional financial measures.Mann-Whitney U-Testresults show IBs faring well in their performances when measured using the PMMSmodel than when they are measured using the conventional banking performanceyardstick.Policy prescriptions and recommendations for further studies areprovided at the concluding section of the paper.
