Table II.

Assigned weights in IMSPM based on the concept of balance

Maqāṣid al-Sharīʿah promoted by Chapra (2007) Average weight (Out of 100%)ElementsAverage weight
(Out of 100%)
Faith (dīn)0.20E1. Interest-free products0.50
E2. Publicity0.50
Total100%
Self (nafs)0.20E3. Charity0.25
E4. Employee welfare0.25
E5. Zakat fund0.25
E6. Total no. of branches0.25
Total100%
Intellect (ʿaql)0.20E7. Education grants0.50
E8. Research expenditure0.50
Total100%
Posterity (nasl)0.20E9. Agricultural financing0.50
E10. Training0.50
Total100%
Wealth (māl)0.20E11. Non-performing financing (loan)0.125
E12. Muḍārabah financing0.125
E13. Mushārakah financing0.125
E14. Restructured muḍārabah financing0.125
E15. Restructured mushārakah financing0.125
E16. Return on Asset (ROA)0.125
E17. Return on Equity (ROE)0.125
E18. Operational efficiency0.125
Total100%Total100%
Source: Adapted from Mohammed et al. (2008) 

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