<![CDATA[This study examines the performance of Islamic commercial banks listed on the Indonesia Stock Exchange (IDX) from 2022 to 2024 by employing an expanded Maqasid al-Shariah Index (MSI). This study contributes to the literature in three distinct ways: theoretically, by extending the classical MSI construct (Mohammed et al., 2008) and its subsequent adaptations (Mursyid et al., 2021) to incorporate falah as a dedicated fourth dimension distinct from jalb al-maslahah; methodologically, by utilizing the Simple Additive Weighting (SAW) method to meticulously aggregate heterogeneous financial and non-financial indicators; and empirically, by testing this framework on public Islamic banks during a recent post-pandemic window. Using a descriptive-quantitative approach, the performance of Bank Syariah Indonesia (BRIS), BTPN Syariah (BTPS), Panin Dubai Syariah (PNBS), and Aladin Syariah (BANK) was evaluated across four integrated dimensions: individual development (tahdhib al-fard), justice (iqamat al-ʿadl), public welfare (jalb al-maslahah), and falah (representing holistic worldly and spiritual prosperity grounded in compliance, sacrifice, and prosociality). To ensure methodological validity, a data-auditing procedure and sensitivity analysis were executed to address non-available (n.a.) disclosures under dual scenarios. The integrated annual MSI rankings reveal that while elements of individual training and structural interest-free compliance remain stable, comprehensive falah-related indicators are not yet consistently reflected in the institutional performance measures of the sampled Islamic banks. Ultimately, these results confirm that conventional financial metrics fail to capture the broader, multidimensional shariah-realization trajectory of modern Islamic financial institutions]]>
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