1. Mathematical Scoring Formula
Every Islamic financial institution is scored deterministically based on publicly disclosed and verifiable evidence. The normalized score is computed as:
Normalized Score (%) = ( ∑ Disclosed Points / ∑ Target Weight ) × 100
Missing Data Penalty Rule
If an institution does not disclose public or verifiable documentation for an evaluated attribute, that attribute strictly receives 0 points ("No Data"). Non-disclosure directly lowers the aggregate score.
Partial Disclosure Rule
Where preliminary or un-audited interim evidence is available, prorated points are awarded with an explicit audit remark detailing the missing compliance items.
2. Master Attributes & Weight Distribution (100 Pts Total)
Full breakdown across Digital, Networks, and Consumer Friendly Dimensions.
| # | Dimension | Attribute Name | Code | Max Weight | Verification Benchmark |
|---|---|---|---|---|---|
| 1 | Digital | Digital Onboarding & e-KYC Compliance | DIG_EKYC | 6.0% | Paperless biometric account opening & AAOIFI compliance. |
| 2 | Digital | Mobile Banking & Shariah Tools Integration | DIG_APP | 7.0% | In-app Zakat calculator, Qibla locator, and Shariah portfolio tracking. |
| 3 | Digital | Online Shariah Board Rulings & Fatwa Archive | DIG_FATWA | 8.0% | Publicly searchable Fatwa repository & scholar approval certificates. |
| 4 | Digital | Open Banking APIs & FinTech Integrations | DIG_API | 7.0% | RESTful API sandbox for verified Halal merchants & checkout gateways. |
| 5 | Digital | Real-time Mudarabah Profit-Sharing Portal | DIG_PLS | 7.0% | Monthly indicative PSR weights & historical deposit returns. |
| 6 | Networks | Geographic Branch & Islamic Window Density | NET_BRANCH | 8.0% | Branch footprint & dedicated Shariah advisory counters. |
| 7 | Networks | ATM / CDM Cash Recycler Coverage | NET_ATM | 7.0% | Automated teller infrastructure with biometric identification. |
| 8 | Networks | Rural Agent Banking & Micro-Takaful Reach | NET_AGENT | 7.0% | Branchless agents catering to unbanked rural populations. |
| 9 | Networks | Inter-IFI Liquidity & Correspondent Network | NET_CORR | 7.0% | Active Sukuk secondary market trading & cross-border correspondent lines. |
| 10 | Networks | Halal Supply Chain & Merchant Network | NET_MERCH | 6.0% | Point-of-sale POS terminals in certified Halal retail businesses. |
| 11 | Consumer | Schedule of Charges & Zero-Hidden Fees | CON_FEES | 6.0% | Unbundled published tariff of bank charges & late donation rules. |
| 12 | Consumer | Shariah Ombudsman & Dispute Resolution SLA | CON_SLA | 7.0% | Guaranteed turnaround time (<48 hrs) with Shariah scholar panel. |
| 13 | Consumer | Customer Support & Multi-Channel Help | CON_SUPPORT | 5.0% | 24/7 dedicated support via phone, live chat, and branch hubs. |
| 14 | Consumer | Multilingual & Financial Literacy Programs | CON_LITERACY | 6.0% | Public educational modules on Riba-free finance & accessibility. |
| 15 | Consumer | CSR & Purified Charity Fund Audit | CON_CHARITY | 6.0% | Audited quarterly disclosure of non-compliant income purification. |
3. Compliance Tier & Grading Thresholds
A+
Top Tier
≥ 80.0%
A
High Compliance
70.0% – 79.9%
B
Moderate
50.0% – 69.9%
C
Emerging
35.0% – 49.9%
D
Low Disclosure
< 35.0%