Article Per Year (5 Year)
p-Index From 2020 - 2025
0.23
P-Index
This Author published in this journals
All Journal Golden Ratio of Finance Management
Shilamaya, Putri
Unknown Affiliation
Economics, Econometrics & Finance

Published : 1 Documents Claim Missing Document
Claim Missing Document
Check
Articles

Found 1 Documents
Search

 1 
Performance of Islamic Banks: Assessment Using Sharia Maqashid Index (SMI), Syariah Conformity and Profitability (SCnP) in Indonesia for Period 2018-2023 Shilamaya, Putri; Hanif, H.; Etika, Citra
Golden Ratio of Finance Management Vol. 5 No. 2 (2025): April - September
Publisher : Manunggal Halim Jaya

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.52970/grfm.v5i2.1070

Abstract

This research evaluates the performance of Islamic banks by comparing two assessment methods, the Sharia Maqashid Index (SMI) and Sharia Conformity and Profitability (SCnP), to determine the most effective approach to balancing Sharia principles and profitability. The SMI measures performance based on three mashed Sharia objectives: education, justice, and prosperity, while the SCnP assesses both Sharia compliance and financial sustainability. The findings indicate that SCnP provides a more comprehensive evaluation, as it emphasizes adherence to Islamic principles and considers long-term financial viability. Among the banks analyzed, Bank Central Asia Syariah (BCAS) demonstrates the best balance between these aspects. In contrast, Bank Muamalat Indonesia (BMI) and Bank Victoria Syariah (BVS) prioritize Sharia compliance while facing profitability challenges. This study confirms that the SCnP method offers a more holistic assessment of Islamic banks' performance. It is a valuable reference for regulators and industry players in developing evaluation frameworks that align with modern economic dynamics without compromising Sharia principles.
Co-Authors Citra Etika Hanif, H.