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Finally, the developed index is applied to five famous Islamic banking groups over the period 2005–2019.\n\n\nFindings\nEmpirical evidence shows that the banks used in the implementation do not achieve high scores of the suggested index. This can be interpreted through a lack of Islamic normative aspects and low adherence to sustainability practices. Specifically, they are not functioning on a justice basis and are deficient in providing sufficient varieties of Islamic products. They are also more interested in economic sustainability and are not involved in environmental and social ones.\n\n\nOriginality/value\nThe developed index not only considers the compliance of the banking activities with Shariah, but it also addresses their sustainability from the main stakeholders’ perspectives. The suggested model provides a transparent performance evaluation tool for IBs omitting all causes of conflict of interests and certifies the fairness of the resulting assessments.\n","PeriodicalId":47091,"journal":{"name":"International Journal of Islamic and Middle Eastern Finance and Management","volume":" ","pages":""},"PeriodicalIF":2.8000,"publicationDate":"2022-12-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"2","resultStr":"{\"title\":\"Toward the development of an Islamic banking sustainability performance index\",\"authors\":\"Rym Ammar, S. Rebai, Dhafer Saidane\",\"doi\":\"10.1108/imefm-12-2021-0479\",\"DOIUrl\":null,\"url\":null,\"abstract\":\"\\nPurpose\\nThe purpose of this paper is to suggest a model that yields a sustainability performance index for Islamic banks (IBs). 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引用次数: 2
摘要
目的本文的目的是提出一个伊斯兰银行可持续发展绩效指数的模型。该指数预计将考虑利益相关者的观点,同时考虑可持续性和Maqasid Al Shariah作为基础。设计/方法论/方法首先,根据与学术、银行和Shariah专家协商完善的相关文献综述,确定主要利益相关者及其相应的相关属性和子属性列表。然后,采用多属性效用方法,在第二步专家访谈的基础上,提出了一个综合指数。最后,在2005-2019年期间,将所开发的指数应用于五个著名的伊斯兰银行集团。发现经验证据表明,在实施中使用的银行没有达到建议指数的高分。这可以解释为缺乏伊斯兰规范和对可持续性做法的遵守程度低。具体而言,他们没有在公正的基础上运作,也没有提供足够种类的伊斯兰产品。他们也对经济可持续性更感兴趣,而不参与环境和社会可持续性。独创性/价值制定的指数不仅考虑了银行活动与Shariah的合规性,还从主要利益相关者的角度解决了其可持续性问题。所建议的模型为IB提供了一个透明的绩效评估工具,忽略了利益冲突的所有原因,并证明了评估结果的公平性。
Toward the development of an Islamic banking sustainability performance index
Purpose
The purpose of this paper is to suggest a model that yields a sustainability performance index for Islamic banks (IBs). This index is expected to account for stakeholders’ viewpoints while considering sustainability and Maqasid Al-Shariah as bases.
Design/methodology/approach
First, based on the relevant literature review refined through consultations with academic, banking and Shariah experts, the main stakeholders and their corresponding lists of relevant attributes and sub-attributes are identified. Then, adopting a multi-attribute utility approach and based on a second step of interviews with experts, an aggregated index is suggested. Finally, the developed index is applied to five famous Islamic banking groups over the period 2005–2019.
Findings
Empirical evidence shows that the banks used in the implementation do not achieve high scores of the suggested index. This can be interpreted through a lack of Islamic normative aspects and low adherence to sustainability practices. Specifically, they are not functioning on a justice basis and are deficient in providing sufficient varieties of Islamic products. They are also more interested in economic sustainability and are not involved in environmental and social ones.
Originality/value
The developed index not only considers the compliance of the banking activities with Shariah, but it also addresses their sustainability from the main stakeholders’ perspectives. The suggested model provides a transparent performance evaluation tool for IBs omitting all causes of conflict of interests and certifies the fairness of the resulting assessments.
期刊介绍:
The International Journal of Islamic and Middle Eastern Finance and Management (IMEFM) publishes quality and in-depth analysis on current issues within Islamic and Middle Eastern finance and management. The journal welcomes strong evidence-based empirical studies and results-focused case studies that share research in product development and clarify best practices. The title is also keen to consider work from emerging authors. IMEFM has just also accepted into Clarivate''s SSCI in 2018, and its IF will be available in summer 2019, with citations dating from 2016. The coverage includes but is not limited to: -Islamic finance: Fundamentals, trends and opportunities in Islamic Finance, Islamic banking and financial markets, Risk management, Corporate finance, Investment strategy, Islamic social finance, Financial planning, Housing finance, Legal and regulatory issues, -Islamic management: Corporate governance, Customer relationship management and service quality, Business ethics and corporate social responsibility, Management styles and strategies in Shariah environments, Labour and welfare economics, Political economy. The journal is the only title aiming to give an interdisciplinary and holistic view on Islamic finance and business management practices in order to inform these two intertwined communities.