M. Luthfi Hamidi

Griffith University · Department of Accounting, Finance and Economics

Purpose ̶ We extend the triple bottom line (TBL) framework (Prosperity, People, and Planet (the so-called 3Ps) with a new dimension, namely, Prophet, to reflect Islamic values (the now 4Ps) for organizations seeking compliance with religious principle. Design/methodology/approach ̶ We conduct a survey of 504 Islamic bank stakeholders across six pr...

Purpose The study aims to extend the conventional triple bottom line (TBL) framework (prosperity, people and planet) to the quadruple bottom line (QBL) by newly adding a “prophet” dimension for Islamic banks seeking compliance with Islamic law in their pursuit of sustainability. Design/methodology/approach Employ Chapra's corollaries of maqasid al...

Purpose This paper aims to outline the argument for social outcomes as an objective for Islamic banks and investigate whether social failure exists in Islamic banking in Indonesia by assessing it against this performance dimension. Design/methodology/approach Content analysis of the annual reports of a sample of 12 Islamic commercial banks, seven...

The Indonesian banking sector has been stable and generally sound over the past decade, partly through efforts by the Bank of Indonesia as Indonesia's central bank and Otoritas Jasa Keuangan as its financial services regulator. This chapter identifies important issues that remain for both conventional and Islamic banking in Indonesia. Authors sugge...

Most religious scholars consider that Islamic banks (IBs) should support an economic system aimed at promoting a just, fair, and balanced society. However, despite recent significant growth and development around the world, IBs continue to face widespread criticism concerning their apparently weak social outcomes. We develop a workable framework to...

Despite significant growth and development in recent years, Islamic banking (IB) continues to face widespread criticism due to its apparently weak social outcomes. This study investigates the social performance of Islamic banking in Indonesia, including its justification as an IB objective and the means of improvement. We surveyed 506 current and p...

This paper discusses Islamic social banking (ISB). We first critically examine current practice in Islamic banking (IB) and any deviations from core Islamic principles. These can lead to the apparent social failure of IB given that it will then fail to improve on the economic development of ordinary people. We draw comparison with the generally pos...

This chapter discusses Islamic social banking (ISB), its quadruple bottom-line principles, and the possible paths to its establishment. We first critically discuss the social objectives of Islamic banking (IB) and its apparent failure through comparison with the generally positive contribution of social banking (SB) to create a synthesis in the for...