Importance- Performance Analysis (IPA) of Policies to Reform the Banking System of the Islamic Republic of Iran based on the Islamic Banking Approach

اقتصاد پولی مالی

Article 3, Volume 30, Issue 26, July 2023, Pages 69-103   

Document Type: Original Article

DOI: 10.22067/mfe.2023.82590.1309

Authors

reza khalillo¹; mahdi abdolhamid^{* 2}; Ali Rezaeian³

¹Department of Public Administration, Central Tehran Branch, Islamic Azad University, Tehran, Iran

²Assistant Professor of Department of Progress Engineering, School of Management, Economics and Progress Engineering, Iran University of Science and Technology, Tehran, Iran

³Department of Management, Shahid Beheshti University, Tehran, Iran

Abstract

Importance- Performance Analysis (IPA) of Policies to Reform the Banking System of the Islamic Republic of Iran based on the Islamic Banking Approach
In the current research, the policies of reforming the banking system of the Islamic Republic of Iran have been analyzed. In the qualitative section, articles published from 2000 to 2020 in reliable domestic and foreign databases in the field of Islamic banking were examined. To analyze the articles, the meta analysis approach and the seven-step method of Sandlowski and Barroso (2007) were used. The research sample included 23 experts in the field of Islamic banking who were selected using purposive and snowball sampling. In data collection, the researchers extracted the banking system reform policies with the Islamic banking approach through library studies and literature review. Through library studies and systematic literature review, the researchers extracted the banking system reform policies with Islamic banking approach.​ In the quantitative stage, the researchers analyzed the identified reform policies through the importance-performance analysis method.​ The findings of the research show that reform policies such as requiring the for​mation of specialized sub-committees of the Jurisprudence Council in banks, establishing a connection between money supply and the real sector of the economy, changing the formal operations of Islamic contracts to real Islamic operations, especially profit and loss sharing and formulating and approving the prerequisites for obtaining a managerial position based on having the ability, experience in Islamic banking, along with the training of banking jurisprudents, is one of the policies that should be taken into consideration by decision makers.

Keywords

policy-making model; Islamic banking; corrective policy; importance-performance analysis

References