http://journals.smartinsight.id/index.php/MSR <p>Maqasid al-Shariah Review (MSR) is a scientific publication published by SMART Insight which is under the research institute SMART Indonesia. Sharia Economic Applied Research and Training (SMART) is a research institution in Indonesia that focuses on research on Islamic economics and finance. Maqasid al-Shariah Review is published two (2) times in 1 year with the scope on Maqasid al-shariah theory in every perspectives.</p> en-US [email protected] (SMART Insight) Mon, 04 Nov 2024 00:00:00 +0000 OJS 3.3.0.8 http://blogs.law.harvard.edu/tech/rss 60 http://journals.smartinsight.id/index.php/MSR/article/view/724 <p>This study examines the extent to which leading Islamic banks operationalize the higher objectives of Islamic law (Maqāṣid al-Sharīʿah) in contemporary banking practice. Moving beyond conventional financial performance indicators, the research develops and applies a comprehensive six-dimensional Maqasid Index (MI-6D). Using a deductive, comparative research design, the study analyzes 2024 Integrated Annual Reports and Sustainability/ESG Reports of five systemically important Islamic banks across Organisation of Islamic Cooperation (OIC) countries: Bank Syariah Indonesia, Al Rajhi Bank (Saudi Arabia), Maybank Islamic (Malaysia), Meezan Bank (Pakistan), and Kuveyt Türk Participation Bank (Türkiye). Employing qualitative content analysis and proxy-based indicators derived from established Maqasid literature and ESG frameworks, the findings reveal significant variation in the practical realization of Maqasid objectives across regions. While all sampled banks demonstrate strong compliance in Shariah governance and wealth preservation, notable differences emerge in social development, environmental stewardship, and real-sector engagement. Banks operating in jurisdictions with mature sustainability frameworks exhibit more comprehensive disclosure and stronger alignment with the expanded Maqasid paradigm, particularly in ḥifẓ al-biʾah. The study contributes theoretically by operationalizing a contemporary six-dimensional Maqasid Index and empirically by providing an up-to-date cross-country benchmark.</p> Ahmad Nashruddin Copyright (c) 2024 Maqasid al-Shariah Review http://journals.smartinsight.id/index.php/MSR/article/view/724 Wed, 04 Feb 2026 00:00:00 +0000 http://journals.smartinsight.id/index.php/MSR/article/view/661 <p>The book Towards a Maqasid al-Shariah Index of Socio-Economic Development, edited by Salman Syed Ali, offers a new paradigm in measuring development based on the principles of Maqasid al-Shariah. This approach challenges the dominance of materialistic indicators like GDP by offering a comprehensive measure of human well-being, encompassing spiritual, moral, and social dimensions. The book introduces two main methodological approaches—the achievement approach and the deprivation approach—and proposes the Maqasid al-Shariah Index (MSI) as an alternative development index. Research across chapters demonstrates that integrating Islamic values can enrich development theory and lead to more just and sustainable economic policies.</p> Hilmy Abdullah Azzam Copyright (c) 2024 Maqasid al-Shariah Review http://journals.smartinsight.id/index.php/MSR/article/view/661 Mon, 03 Nov 2025 00:00:00 +0000