Abstract: This study investigates the extent to which Islamic banks in Bangladesh fulfill the Shariah objectives (Maqasid al-Shariah) of promoting social welfare. Using primary data from 820 respondents (410 employees and 410 customers) across eight Islamic banks, the research applies Exploratory Factor Analysis (EFA), Structural Equation Modeling (SEM), and various regression techniques like logistic, probit, and Linear Probability Models to explore the relationship between Shariah-compliant product offerings and ethical outcomes. Results show that deposit and financing (investment) products exert significant positive effects on welfare activities, while customer and employee perceptions reveal high levels of trust in the banks' commitment to engage in welfare activities.
Key Words: Islamic banking, Shariah Objectives ie. Welfare Activities, Deposit Products, and Financing Products.
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