The matrix is designed based on blend of two variables THE MAQASID AL-SHARIAH and THE FINANCIAL GROWTH of the concerned Islamic banks.Based on our results from our above studies on the financial performances ofthe Islamic banks and in doing so their fulfillment of their foundational aspectof maqasid al-Shariah we will now rate the banks accordingly to theirperformances on both aspects and a combination of those result will put thebank under consideration into the category of A or B or C or D for that matter growing Islamic banks through a MAQASID AL-SHARIAH filter and judge this growthin accordance with their real aim of Shariah compliance.Most of the discussions by modern Muslim scholars on the objectives ofIslamic banking, however, have not dwelled in depth into the theoreticalframework underlying the objectives of Islamic economics, banking andfinance. For example, Kamel (1997) opines that unless the impact of theimplementation of IB is reflected in economic development, creation of valueadded factor, increased exports, less imports, job creation, rehabilitation ofthe incapacitated and training of capable elements, the gap between theIslamic and conventional banks would be narrower. It is also eluded that IBwould strive for a just, fair and balanced society; it is community orientedand entrepreneur friendly emphasizing productivity and expansion in realeconomy; and it will promote brotherhood and cooperation (Dusuki, 2005)citing (Chapra, 1985, 1992; Ahmad 2000; Chapra 2000a, 2000b; Siddiqui2001; and Naqvi 2003). Chapra (1985) has outlined the following distinctivefeatures of Islamic banks, among others: abolition of interest, adherence topublic interest, catalyst for development, promotion of economic well-being,establishment of social and economic justice, and equitable distribution ofincome.7.0. The Objectives of IB Based on Maqasid al-Shariah FrameworkAs mentioned earlier in the introductory section of this paper, the IBobjectives have not been formally reviewed. Hence, i have tried to derive theobjectives of IB from the theory of the objectives of al-Shariah ( Maqasid al-Shariah), which Muslim scholars have developed as far as the third centuryafter Hirah, 9thCentury A.D. (al-Raysuni, 1992). I will be usingMustafa OmarMohammed, Dzuljastri Abdul Razak and Fauziah Md Taibs work on the performancemeasures of Islamic banks based on maqasid al-shriah framework (unpublished) asbase paper for my study in this context leading to a GRID MATRIX .