ISIM is the generally accepted system for measuring, managing, and optimizing impact.

EXPLORE

Global Direction

Parallel momentum is evident in Islamic banking industry. The introduction of the Value-Based Intermediation (VBI) framework by Bank Negara Malaysia (BNM) reflects its regulator’s continuous commitment and supports towards aligning the Islamic banking practices with the global direction and the spirit of Maqasid Al-Shariah. One of the challenges in embracing the 3Ps (Profit, People, Planet) dimensions in VBI is the assessment or scorecard of the engagement or involvement of the IFIs in economics, social and environment activities.

Social Impact Measurement Methods

As of today, there are thirty (30) social impact measurement methods available in the global market as below.
  • Acumen Scorecard
  • Atkinsson Compass Assessment for Investors (ACAFI)
  • Balanced Scorecard (BSc)
  • Best Available Charitable Option (BACO)
  • BoP Impact Assessment Framework
  • Center for High Impact Philanthropy Cost per Impact
  • Charity Assessment Method of Performance (CHAMP)
  • Foundation Investment Bubble Chart
  • Hewlett Foundation Expected Return
  • Local Economic Multiplier (LEM)
  • Measuring Impact Framework (MIF)
  • Millennium Development Goal scan (MDG-scan)
  • Measuring Impacts Toolkit
  • Ongoing Assessment of Social Impacts (OASIS)
  • Participatory Impact Assessment
  • Poverty Social Impact Assessment (PSIA)
  • Public Value Scorecard (PVSc)
  • Robin Hood Foundation Benefit-Cost Ratio
  • Social Compatibility Analysis (SCA)
  • Social Costs-Benefit Analysis (SCBA)
  • Social Cost-Effectiveness Analysis (SCEA)
  • Social e-valuator
  • Social Footprint
  • Social Impact Assessment (SIA)
  • Social return Assessment (SRA)
  • Social return on Investment (SROI
  • Socio-Economic Assessment Toolbox (SEAT)
  • Stakeholder Value Added (SVA)
  • Toolbox for Analysing Sustainable Ventures in Developing Countries
  • Wellventure Monitor
These methods generally focus on the goal-attainment in economics, social and environmental dimensions which are in line with the ‘3Ps’ concept under VBI. Undeniably, these three areas of goal-attainment are well-aligned with SDGs promoted globally.

5 Principal Of Maqasid Al-Syariah

The aims of maqasid shariah is to benefit and protect the Ummah generally, and to discipline and structure the living in accordance with the Islamic values and principles as pronounced in the Quran and Sunnah.

Hifz Al-Aqal

Preservation of intellect

Hifz Al-Din

Preservation of faith

Hifz Al-Mal

Preservation of wealth

Hifz Al-Nafs

Preservation of Life

Hifz Al-Nasb

Preservation of lineage

ISIM makes it easier for investors to translate their impact intentions into impact results.

All investors and companies create positive and negative effects on society and the environment. Impact investors seek to maximize the positive and minimize the negative by using the system to integrate social and environmental factors into investment decisions alongside risk and return.

Credible, comparable impact data are needed to inform impact investment decisions and drive greater impact results. ISIM solves for this by increasing data clarity and comparability, and it provides streamlined, practical, how-to guidance that impact investors need, all in one easy-to-navigate system.

Collaboration Partners

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