Install latest ImageMagick 7.x and imagick PHP extension from PECL on Amazon Linux 2

install_pecl_imagick_amzn2.sh

#!/bin/sh

# Uninstall ImageMagic library and imagick PHP extension using it (installed previously)
yum remove -y php-pecl-imagick ImageMagick

# Install libraries for JPG, PNG, GIF, WebP, and TIFF image formats
yum install -y libpng-devel libjpeg-devel openjpeg2-devel libtiff-devel libwebp-devel giflib-devel

# Install latest ImageMagick library compiled from downloaded sources
yum install -y gcc
curl -OL https://www.imagemagick.org/download/ImageMagick.tar.gz
tar xzf ImageMagick.tar.gz
cd ImageMagick*
./configure --prefix=/ \
    --with-bzlib=yes \
    --with-fontconfig=yes --with-freetype=yes \
    --with-gslib=yes --with-gvc=yes \
    --with-jpeg=yes --with-openjp2=yes \
    --with-png=yes \
    --with-tiff=yes
make && make install

# Install imagick PHP extension from PECL
yum install -y php-pear php-devel
yes | pecl install imagick
echo 'extension=imagick.so' > /etc/php.d/40-imagick.ini

# Output installed versions
convert --version
php --ri imagick

make is failing with:

CXXLD    utilities/magick
libtool:   error: unsupported hardcode properties See the libtool documentation for more information. Fatal configuration error.