Is Sharia Banking Working on Maqashid Bases? An Evidence from Indonesia

Abstract

This study aims to assess Islamic banking activities in Indonesia using the maqashid al shariah theory. Evaluation is done by analyzing the data obtained through interviews and observations. The data is then assessed using the five fundamental essences in maqashid al shariah. This research finds that Indonesian Islamic banking has properly accommodated the protection of religion, life, property, intellect, and lineage.