Purpose

This study aims to examine the decision-making behaviour of Islamic banking practitioners of the United Arab Emirates with special reference to the operational line heterogeneity by employing factors that are religious in nature such as intellect, satanic force and divine knowledge as encapsulated in al-Ghazali’s ethical philosophy.

Design/methodology/approach

A total of 337 samples were collected from the Islamic banking practitioners in the United Arab Emirates using a purposive sampling technique, and the empirical analysis was conducted with the measures of model fit and bootstrapping technique using Partial least square Structural equation modelling and multi-group analysis.

Findings

The empirical findings reveal that the dedicated use of intellect in making decisions related to ethical issues where desires and emotions tend to overwhelm reason and human choices. While divine knowledge is found ineffective guidance of the intellect, the element of satanic force is found significantly impacting decision-making. As the lack of religious consciousness is evident among respondents, higher exposure to operational risk is expected. These findings were found identical across the Islamic banking practitioners in different lines of operations.

Research limitations/implications

The span of the study is limited to a single country. Future studies are recommended to replicate the study to more markets where the share of Islamic finance is significant.

Practical implications

Findings of the study highly suggest respective authorities of Islamic financial institutions to intensify the capacity-building programs on the foundation of faith which includes Islamic thought and worldview, to enhance the corporate ethical decision-making. Moreover, equal importance should be given to all the banking practitioners regardless of line of business operations.

Originality/value

With undue emphasis is given to the juristic (fiqh) aspects of Shariah compliance in the Islamic banking and finance industry, less has been attempted to explore its ethical dimension (akhlaq) in the compliance parameters that leave a relatively large gap to address prevailing unethical practices in Islamic finance institutions. Findings from this study can be useful as a warning to the Islamic banking firms to enhance the sense of God-fearing and improve existing measures in the organisation in mitigating operational risks that may arise from people or system and consequently ensure the smooth governance of the Islamic banks.

中文翻译：

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在伊斯兰银行中培养道德意识；特别参考 Al-Ghazali 的道德哲学，解决运营线的异质性

目的

本研究旨在通过使用具有宗教性质的因素，如智力、撒旦力量和神圣知识，如 al-Ghazali 的伦理哲学。

设计/方法/方法

使用目的抽样技术从阿拉伯联合酋长国的伊斯兰银行从业人员中收集了总共337个样本，并使用偏最小二乘结构方程建模和多组分析，通过模型拟合和bootstrapping技术进行了实证分析.

发现

实证研究结果表明，在与道德问题相关的决策中，专注于智力的使用，在这些问题上，欲望和情感往往会压倒理性和人类选择。虽然发现神圣知识对智力的指导无效，但发现撒旦力量的元素会显着影响决策。由于受访者明显缺乏宗教意识，预计操作风险会更高。这些调查结果在不同业务线的伊斯兰银行从业人员中发现相同。

研究限制/影响

研究范围仅限于一个国家。建议未来的研究将研究复制到更多伊斯兰金融份额很大的市场。

实际影响

研究结果强烈建议各伊斯兰金融机构当局加强以信仰为基础的能力建设项目，包括伊斯兰思想和世界观，以提高企业道德决策。此外，应给予所有银行从业人员同等重视，无论其业务范围如何。

原创性/价值

由于过分强调伊斯兰银行和金融业中伊斯兰教法合规的法律 (fiqh) 方面，很少有人尝试在合规参数中探索其道德维度 (akhlaq)，这在解决普遍存在的不道德行为方面留下了相对较大的差距在伊斯兰金融机构。这项研究的结果可以作为对伊斯兰银行公司的警告，以增强敬畏上帝的意识并改进组织中现有的措施，以减轻人或系统可能产生的操作风险，从而确保伊斯兰银行的顺利治理银行。