Evaluation indicators of Islamic banking in Iran
Subject Areas : Islamic finance
Faeq Ahmadi
1
*
,
Khosro Moradi Shahdadi
2
,
Davood Khodadadi
3
,
Kamal Nadali
4
1 - Department of Financial Management, Qe.C., Islamic Azad University, Qeshm, Iran;
2 - Department of Financial Management, Qe.C., Islamic Azad University, Qeshm, Iran.
3 - Department of Accounting, Qe.C., Islamic Azad University, Qeshm, Iran.
4 - Department of Financial, Qe.C., Islamic Azad University, Qeshm, Iran.
Keywords: Content Analysis, Evaluation Indicators, Islamic Banking,
Abstract :
Purpose: The purpose of this study is to identify the evaluation indicators of Islamic banking in Iran that can comprehensively and accurately assess the performance of this banking system.
Methodology: This research adopts a qualitative, applied, and exploratory approach. The statistical population consisted of experts in the banking industry, who were selected using purposive sampling, and data were collected through semi-structured interviews. Content analysis was employed to identify the indicators. Expert opinion was used to establish validity, and test–retest reliability was applied to evaluate reliability, yielding a coefficient of 72.72%.
Findings: Content analysis of all interviews resulted in the extraction of 144 key concepts after removing duplicates. These were categorized into 51 components and 13 main indicators based on their nature and meaning. The primary identified indicators include: enhancing public awareness and trust in Islamic banking; Islamic banking education; compliance with Sharia and jurisprudential principles in banking operations; innovation and adoption of technology in Islamic banking; attention to social justice and equitable distribution of resources; adherence to social and environmental responsibilities; consideration of ethical, human, and cultural factors; establishment of Sharia supervision and compliance mechanisms; combating corruption and rent-seeking in banking operations; participation in risk and profit-loss sharing; fiduciary management in Islamic banking; supporting welfare and sustainable economic development; and emphasis on the quality of Islamic banking products and services.
Originality / Value: The identified indicators highlight that the core goals of the Iranian banking system are to ensure the implementation of scientific and ethical principles of Islamic banking and to pursue objectives such as maintaining social justice, combating corruption, and providing transparent financial services in accordance with Sharia requirements.
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