Maqasid Shariah Performance Index Conceptualisation: Examples from Malaysia and Indonesia

Maqasid Shariah (MS) is a tool for analyzing the acceptability of Islamic structural reforms and their alignment with law's principles, aims, objectives. Measurement banks' performance can use MS index to find out what extent where level achievement sharia values carried in shariah banking. The purpose this article investigate legislative framework as financial institutions Malaysia Indonesia. Indonesia are two Muslim countries Southeast Asia have many similarities. Indonesian banking, carrying its operational activities following objectives shariah, seems be more prevalent Iqamah Al Adl. In Malaysia, based on concept shows lack application especially case Tahdzib AlFard, so that existence banking still cannot felt optimally provide benefits terms education employees surrounding community. follows an instructional model which board serves advising body, but monitoring supervisory body.