样式: 排序: IF: - GO 导出 标记为已读
-
Real estate and business fixed assets in the early Islamic economy from a Zakah perspective International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2024-03-13 Zaid Al-Aifari, Mehmet Bulut, Monzer Kahf
Purpose The face value of nonowner-occupied real estate and business fixed assets is excluded from Zakah, according to most Fiqh scholars who argue that it has not been explicitly ordered during the lifetime of Prophet Muhammad (sas). This study aims to test the hypothesis that the role of these properties in the early Islamic economy was insignificant and, therefore, differed from today. Design/methodology/approach
-
Small firm auditing using the analytical procedures (APs) in a politically challenging context International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2024-03-12 Muiz Abu Alia, Islam Abdeljawad, Mamunur Rashid, Renad Anwar Frehat
Purpose This study aims to explore the use, effectiveness, motives and obstacles of analytical procedures (APs) used by auditors in Palestine, a context characterised by a pool of small and medium enterprises (SMEs), a limited skill set, poor quality of data, political uncertainty and a community-based business culture. Design/methodology/approach The study considers the audit market in Palestine using
-
Exploring the moderating role of religious orientation on Islamic Fintech adoption International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2024-02-19 Ayman Abdalmajeed Alsmadi
Purpose This paper aims to delve into the factors influencing the adoption of Islamic Fintech and investigates the potential impact of Religious Orientation. Design/methodology/approach The study uses a questionnaire to collect data from 291 Jordanians, using Structural Equation Model – Partial Least Squares (SEM-PLS) to evaluate the research model and test hypotheses. Findings The outcomes of the
-
Ownership structure, board characteristics, and performance of Indonesian Islamic rural banks International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2024-02-02 Muhamad Umar Mai, Ruhadi Nansuri, Setiawan Setiawan
Purpose This study aims to examine the influence of ownership structure and board characteristics on the performance of Indonesian Islamic rural banks (IRB) using the system generalized method of moment model. Design/methodology/approach This research uses Indonesian IRB unbalanced annual panel data from 2016 to 2022. IRB performance is measured by return on assets (ROA), return on equity (ROE) and
-
Push – pull – mooring determinants of non-Muslims’ withdrawal from Islamic banking: evidence from Malaysia International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2024-01-08 Hassanudin Mohd Thas Thaker, Bawani Lelchumanan, Abdollah Ah Mand, Ahmad Khaliq
Purpose This study aims to attempt to investigate the factors that influence non-Muslims’ withdrawal behavioural intention from Islamic banking in Malaysia. Design/methodology/approach The push–pull–mooring approach is used to examine the determinants of withdrawal intention by non-Muslims from Islamic banking in Malaysia. Variables used in this study include religiosity (RELG) under push, deposit
-
Examining the demand side factors of green banking adoption – a study exploring the case of Oman International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2024-01-09 Ubais Parayil Iqbal, Sobhith Mathew Jose, Muhammad Tahir
Purpose Commercial banks are the financial powerhouses of a nation that can create a penetrating impact at the grassroots level. This study aims to investigate the demand-side drivers of green banking purchase intention by extending the popular theory of planned behavior (TPB) model. Design/methodology/approach This study used a mono-method research approach to collect customers’ cross-sectional responses
-
Theorizing Islamic entrepreneurship from an Islamic governance perspective International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2024-01-12 Iznan Tarip
Purpose Research on Islamic entrepreneurship (IE) is growing but with difficulty. After reviewing six IE models, several problematic inconsistencies were identified, which can be categorized into three: sporadic objectives of IE, diverging core components and inconsistent levels of analysis. This study aims to articulate a synthesized IE model. Design/methodology/approach An Islamic critical realist
-
ESG practices and bank efficiency: new evidence from an oil-driven economy International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2024-01-08 Ali Shaddady, Faisal Alnori
Purpose The purpose of this paper is to investigate whether banks’ environmental, social and governance (ESG) initiatives increase or decrease banks’ efficiency. Design/methodology/approach The sample used includes all listed banks in Saudi Arabia over the years 2016–2021. The authors performed different methods, including data envelopment analysis (DEA), ordinary least squares (OLS) and quantile regressions
-
An empirical analysis of the dynamic impact of DeFi on GCC foreign exchange forward markets: portfolio implication International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-12-29 Ho Thuy Tien, Nguyen Mau Ba Dang, Ngo Thai Hung
Purpose This paper aims to investigate the conditional equicorrelation and cross-quantile dependence between the DeFi, European and GCC currency markets (Oman, Qatar, Bahrain, Kuwait, Saudi Arabia and the United Arab Emirates). Design/methodology/approach This study applies the GARCH-DECO model and cross-quantilogram framework. Findings The findings reveal evidence of weak and negative average equicorrelations
-
Prospects of Islamic capital market in Uzbekistan: issues and challenges International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-12-11 Alam Asadov, Ikhtiyorjon Turaboev, Ramazan Yildirim
Purpose Despite its potential as an emerging market for Islamic financial services, Uzbekistan has lagged in legislative support. This study aims to evaluate the feasibility of introducing an Islamic capital market (ICM) in Uzbekistan, preceding a broader industry establishment. Design/methodology/approach The authors begin by assessing Islamic finance literacy and the potential demand for ICMs in
-
Assessing the impact of external determinants on the social performance of Islamic banks International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-12-11 Admir Meskovic, Alija Avdukic, Emira Kozarevic
Purpose Explaining the sources of the differences in social performance among Islamic banks (IBs) is the motivation for this research. Consequently, the purpose of this paper is to investigate the relationship between the development of Islamic finance regulation, the development of an Islamic financial system, the proportions of affected Muslim populations and the level of competition, on the one
-
The sustainability and performance of Bank Wakaf Mikro: waqf-based microfinance in Indonesia International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-12-05 Inka Yusgiantoro, Putra Pamungkas, Irwan Trinugroho
Purpose This study aims to empirically investigate the sustainability and performance of Bank Wakaf Mikro (hereafter called BWM), which is a waqf-based microfinance in the context of Indonesia. Design/methodology/approach The authors use several model specifications. The specifications mainly take the BWM’s characteristics and governance into account. The authors use a standard-panel data approach
-
An analysis of spatial effects of terrorism on stock market returns in the Middle East countries International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-11-17 Ali Rezazadeh, Vahid Nikpey Pesyan, Azhdar Karami
Purpose Stock markets are highly sensitive to foreign and domestic events. Stock exchange markets react promptly to news and are known as an indicator of good and bad trading conditions. Terrorist attacks leave adverse effects on the economy and cause stock price volatility and, consequently, stock return volatility. Therefore, this paper aims to analyze the spatial effects of terrorism on stock market
-
Antecedents of Islamic welfare: productivity, education, and the financial aspect International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-11-14 Meri Indri Hapsari, Amin Hanif Mahmud, Sri Herianingrum, R. Moh Qudsi Fauzy, Siti Ngayesah Ab. Hamid, Arka Prabaswara, Lina Mawaddatul Masfiyah
Purpose The purpose of this study is to analyse, firstly, whether education, financial inclusion, financial literacy and financial planning can be antecedents that affect Islamic welfare and, secondly, whether productivity can be a mediator to improve Islamic welfare. Design/methodology/approach This study involved quantitative research using data obtained from a survey. The respondents were 538 Muslim
-
Bank-specific factors, market conditions and the riskiness of Islamic and conventional banks: evidence from recent quantile approaches International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-10-20 Resul Aydemir, Huzeyfe Zahit Atan, Bulent Guloglu
Purpose The purpose of this paper is to investigate how bank-specific factors affect the riskiness of conventional and Islamic banks in response to shocks in major financial indices as market conditions change. Design/methodology/approach The authors use a multivariate quantile model using daily equity returns data to analyze financial risk spillovers in the values at risk that may occur between major
-
Evaluating the technical efficiency of Saudi Arabian telecommunications companies using window DEA and AHP techniques International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-10-12 Amr Abdel-Halim, Mohammed Al Khars, Ahmad Alnasser
Purpose This study aims to evaluate the efficiency of the three telecommunications companies in Saudi Arabia: Saudi Telecom Company (STC), Mobily and Zain over the period of 2010–2019. This evaluation is a step toward improving the performance of the Saudi telecommunications sector. Design/methodology/approach Three multicriteria decision-making (MCDM) techniques were used to calculate technical efficiency
-
Predicting the future financial performance of Islamic banks: a sentiment analysis approach International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-09-29 Javid Iqbal, Muhammad Khalid Sohail, Muhammad Kamran Malik
Purpose This study aims to predict the financial performance of Islamic banks with sentiments of management from the textual information in annual reports. Design/methodology/approach The study uses data from 33 Islamic banks in six Islamic countries from 2006 to 2020. The authors estimate the model using the system GMM because it helps dealing with endogeneity problem, which are inherent in panel
-
Intellectual capital disclosure (ICD) in Islamic banks: does the diversity of Shariah committee matters? International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-09-12 Syaima Adznan, Zulkarnain Bin Muhamad Sori, Shamsher Mohamad
Purpose This study aims to investigate the moderating effects of the Shariah committee (SC) on the extent of intellectual capital disclosure (ICD) of Islamic banks. Design/methodology/approach This study provides evidence from an analysis of a sample of Islamic banks in multiple countries over a seven-year period (2012–2018). The extent of intellectual capital information was measured and regressed
-
Equity financing and Islamic bank stability: evidence from Malaysia and Indonesia International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-09-12 Norfaizah Othman, Mariani Abdul-Majid, Aisyah Abdul-Rahman
Purpose This paper aims to determine the effect of equity financing on bank stability during normal and crisis periods. Design/methodology/approach This study uses a static panel regression that includes pooled ordinary least square, random effect and fixed effect model to examine the influence of equity financing on bank stability. In estimating bank stability during a financial crisis, the authors
-
Exploring financial inclusion in MENA countries: an entropy weight approach International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-08-21 Naveenan Ramaian Vasantha, Chee Yoong Liew, Ploypailin Kijkasiwat
Purpose Research on financial inclusion (FI) in Islamic countries has evolved and gained prominence. This study aims to construct an extensive multidimensional FI index to ascertain the level of inclusion and trends in the Middle East/North Africa (MENA) countries. Additionally, this study examines the potential role of Islamic finance in improving access to financial services. Design/methodology/approach
-
Islamic economics and finance instructional leadership and curriculum practices: a case study of selected public universities in Saudi Arabia International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-07-28 Mohamed Abdeltawab Ibrahim, Arnida Abdullah, Ismi Arif Ismail, Soaib Asimiran
Purpose This study aims to explore the instructional leadership practices implemented by academic professionals and leaders to enhance the curriculum of Islamic economics and finance (IEF) in two public universities in Saudi Arabia. Design/methodology/approach This study used a qualitative approach, using a case study methodology that focused on two meticulously chosen universities in Saudi Arabia
-
An aspirational hope of a Sharīʿah-based microfinance model to alleviate extreme poverty International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-07-11 Mohammad Khalequzzaman, Asmak Ab Rahman, Amirrudin Kamsin
Purpose This study aims to propose a Sharīʿah-based and information and communication technology-driven microfinance model (SIMM) to reduce extreme poverty in rural areas. Existing microfinance models run by microfinance institutions exclude severely poor individuals from their activities. Design/methodology/approach This study uses an exploratory sequential mixed-method design structured as Studies
-
Revisiting Zakat with a distribution of weighted Shapley value International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-06-29 Issam Tlemsani, Robin Matthews, Mohamed Ashmel Mohamed Hashim
Purpose This paper aims to extend the Shapley value (SV) into a discussion of Zakat, a Pillar of Islam. Lloyd Shapley was awarded the Nobel Prize in Economics in 2012. This study shows that their relationship is significant for all nations, that of levelling up. An important but neglected paper by Datta (1939) showed insights provided by the Power Law, or as it is sometimes called, the Pareto distribution
-
Do national culture and economic freedom affect bank risk-taking behavior? Evidence from GCC countries International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-06-21 Tanzina Akhter, Zairihan Abdul Halim, Saima Mehzabin, Ahanaf Shahriar, Md. Abul Kalam Azad
Purpose The global financial crisis of 2008 has put greater doubt on the bank risk-management effectiveness around the world. As a part of the response to such doubt, the Gulf Cooperation Council (GCC) region is formulating some feasible approaches to manage bank risk. In this regard, an understanding of the role of the region’s culture and economic freedom will provide immense input into this risk
-
Banking system stability in the MENA region: the impact of market power and capital requirements on banks’ risk-taking behavior International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-06-02 Miroslav Mateev, Tarek Nasr
Purpose This paper aims to investigate the impact of capital requirements and bank competition on banks' risk-taking behavior in the Middle East and North Africa (MENA) region. Design/methodology/approach The study combines both descriptive and analytical approaches. It considers panel data sets and adopts panel data econometric techniques like fixed effects/random effects and generalized method of
-
Shariah board characteristics and Islamic banks’ performance: a meta-analysis International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-06-01 Rihab Grassa, Sherif El-Halaby, Hichem Khlif
Purpose Shariah board (SB) is a unique corporate governancemechanism in Islamic financial institutions. Over the last decade, an increasing number of studies discusses the relationship between SB and Islamic banks' (IB) performance. These researches report conflicting findings due to the heterogeneity of their samples. Therefore,the purpose of this paper is to meta-analyze the results of the previous
-
Predicting the intention to use Paytech services by Islamic banking users International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-05-29 Ana Irimia-Diéguez, Gema Albort-Morant, Maria Dolores Oliver-Alfonso, Shakir Ullah
Purpose This study aims to identify the factors that could explain the intention to use Paytech services within an Islamic banking context. The authors use an extended version of the technology acceptance model to develop a causal–predictive analysis. Design/methodology/approach The research model and hypotheses were tested by applying partial least square-structured equation modeling to data collected
-
Takaful funeral; an innovation for Islamic insurance product International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-05-16 Desmadi Saharuddin, M. Arief Mufraini, Abdul Ghoni, Inayatul Chusna, Ade Sofyan Mulazid, Supriyono Supriyono
Purpose This study aims to determine the prospect of takaful funerals as an Islamic insurance product and its marketing strategy. The multicase study analyzed is the Takaful Funeral Amsterdam of Indonesia, launched in 2015, Millî Görüs of Turkey in 1970 and Arrahma of Morocco in 2006. Design/methodology/approach This study delivers an analytic hierarchy process to qualitatively and quantitatively describe
-
Experiment on interest-free microfinance products International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-05-02 Abdulahi Ahmed Wazir, Sedat Durmuşkaya
Purpose The main purpose of this study is to experiment with interest-free microfinance (IFMF) products and investigate the factors affecting IFMF institutions. Design/methodology/approach This study uses both quantitative and qualitative data types that will be collected through questionnaires, secondary data, interviews and experimental tests to answer key questions. The collected data were analyzed
-
Compliance with investment account holders’ transparency and disclosure requirement: evidence from the Middle East and North Africa region International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-04-12 Rahma Tahri, Mouna Boujelbéne, Khaled Hussainey, Sherif El-Halaby
Purpose The purpose of this paper is to construct an investment account holders' transparency and disclosure (IAH-T&D) index based on the new and revised accounting standard for investment accounts of the Accounting and Auditing Organization for Islamic Financial Institutions Standards (AAOIFI) (2020). It also aims to measure and compare the compliance level with IAH-T&D over years and between countries
-
Motives for participation in halal food standard implementation: an empirical study in Malaysian halal food industry International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-04-11 Irwandi Jaswir, Dian Permata Sari, Mohd Radzi bin Haji Che Daud, Raditya Sukmana
Purpose This study aims to identify the factor that could be able to motivate the food industry to take part in the standardization process and analyse which motive is the most influential one. This study also examines the relationship between the motive and the implementation itself. Design/methodology/approach As one of Malaysian Standard, MS1500 is focused on halal food matters. This standard was
-
Islamic banking in Bangladesh: a literature review and future research agenda International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-04-11 M. Kabir Hassan, Muhammed Tarık İslam, Zobayer Ahmed, Jahidul Islam Sarker
Purpose In recent years, Islamic banking (IB) has received a lot of scholarly interest, as seen by the substantial increase in publications on the subject worldwide. The increasing rate of publications on IB indicates that this subject has attracted a substantial amount of scholarly attention. It has also been a prioritized topic for many banking and financial scholars in Bangladesh. This paper aims
-
Are donor funds used effectively? An examination of Islamic and conventional microfinance institutions International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-03-27 Toka S. Mohamed, Mohammed M. Elgammal
Purpose This study aims to compare the nexus between donations to Islamic and conventional microfinance institutions (MFIs) and their credit risk, financial performance and social outreach. Design/methodology/approach The authors use fixed effects and two-step system generalized methods of moments models with internal instrumentation. The analysis is conducted on an international sample of 1,519 MFIs
-
IPO valuation in an emerging market – a study in Iran International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-03-13 Hanieh Hekmat, Ali Rahmani, Hassan Yazdifar
Purpose This study aims to highlight the accuracy, performance and selection of the IPO valuation methods in the Islamic Republic of Iran’s emerging market. Design/methodology/approach The authors performed accurate ex ante evaluations based on a pre-IPO data set obtained from valuation institutions. This study considered valuation methods through correlations, Mann–Whitney U tests and regression analysis
-
Political risk and portfolio performance: implications for Shariah-compliant investors International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-03-14 Muhammad Wajid Raza, Muhammad Tahir Suleman, Adam Zaremba
Purpose Political risk is an important determinant of portfolio returns. The basic purpose of this study is to revisit the importance of political risk in a constrained portfolio, namely, a Shariah-compliant equity portfolio (SCEP). Furthermore, the performance of such a constrained portfolio is also compared with a conventional portfolio that invests in all stocks. Design/methodology/approach The
-
Diversification and performance of microfinance institutions: does Islamic microfinance model matter? International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-03-07 Asma Ben Salem, Ines Ben Abdelkader
Purpose The aim of this study is to investigate the effect of income and geographic diversification on the double bottom line of microfinance institutions (MFIs) in Middle East and North Africa (MENA) countries where conventional and Islamic MFIs coexist. The idea is to explore whether diversification impacts MFIs' financial performance and outreach differ for Islamic microfinance. Design/methodology/approach
-
Influence of oil price fluctuations on the network connectedness between oil, GCC Islamic and conventional financial markets International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-03-02 Taicir Mezghani, Mouna Boujelbène Abbes
Purpose This paper aims to examine the dynamic spillover effects and network connectedness between the oil prices and the Islamic and conventional financial markets in the Gulf Cooperation Council countries. The focus is on network connectedness during the 2008–2009 global financial crisis, the 2014–2016 oil crisis and the COVID-19 pandemic. The authors use daily data covering the period from January
-
Connectedness analysis of price return index among Malaysian economic sectors International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-02-28 Norzalina Ahmad, Hazrul Shahiri, Safwan Mohd Nor, Mukhriz Izraf Azman Aziz
Purpose This study aims to explore the connectedness of price return index spillovers across eight economic sectors in the Malaysian stock market (Bursa Malaysia). Design/methodology/approach The analysis uses daily data of sectoral price index from 10 May 2005 to 24 February 2021. The study uses Bayesian time-varying parameter vector autoregressive. Findings The degree of price return index spillovers
-
Role of risk disclosure on creditworthiness and driving forces of risk disclosure of banks: Islamic vs conventional banks International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-01-27 Md. Bokhtiar Hasan, Mustafa Raza Rabbani, Tapan Sarker, Tanzila Akter, Shaikh Masrick Hasan
Purpose This study aims to examine the effect of risk disclosure (RD) on commercial banks’ credit rating (CR) in the context of Bangladesh. It also explores the factors influencing RD in both Islamic and conventional banks. Design/methodology/approach The sample includes 200 bank-year observations consisting of 20 commercial banks (15 conventional and 5 Islamic banks) from 2010 to 2019. The sample
-
Financial analysts’ personal values, perceived behavioural risk and investment decisions in evaluating CSR International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-01-26 Ahmad Usman Shahid, Hafiza Sobia Tufail, Hafiz Yasir Ali, Joane Jonathan
Purpose This paper aims to contribute to the corporate social responsibility (CSR) literature by providing holistic insights into financial analysts’ personal values, perceived behavioural risk and investment decisions relating to the social aspects of CSR. Specifically, this paper examines whether analysts’ personal values, such as religiosity, spirituality and social consciousness, influence their
-
Hospitality management in times of crisis: a corporate social responsibility perspective International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-01-18 Mousa Alsheyab, Nela Filimon, Francesc Fusté-Forné
Purpose From a hospitality and tourism perspective, the purpose of this study is to analyse the case of Jordan by looking at the implementation of corporate social responsibility (CSR) practices in the hospitality industry and their contribution to the management of the pandemic crisis, with a special focus on large hotels. Design/methodology/approach The method focuses on a qualitative study based
-
The heterogeneous effect of leverage on firm performance: a quantile regression analysis International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-01-16 Wafa Ghardallou
Purpose The purpose of this study is to look at the effect of financial leverage on the performance of Saudi listed companies. It particularly proposes to examine the heterogeneity of this relationship depending on firm profitability and firm size. Design/methodology/approach The paper uses a sample of 120 nonfinancial companies listed on the Tadawul stock exchange during the period 2017–2020. Data
-
From revolutions to institutions: the experience of Arab reform International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-01-12 Islam Abdelbary
Purpose The purpose of this study is to outline the reasons for the 2011 Arab Spring and why the Arab states failed to achieve sustainability and inclusive growth over the past three decades. Design/methodology/approach This study used the augmented growth model framework derived from a production function and a dynamic panel LSDCV estimation, which incorporates aggregated economic and political reform
-
Economic and political factors on herding in Islamic GCC stock markets during COVID-19 pandemic International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-01-10 Ooi Kok Loang, Zamri Ahmad
Purpose This study aims to examine the existence of herding and the impact of economic and political factors in the Shariah-compliant stocks of Gulf Cooperation Council markets, namely, Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and United Arab Emirates. This study also seeks to explore the existence of herding under market stress and cross-stocks herding between Shariah-compliant and conventional
-
Developing maqasid index for Islamic CSR: the case of Ummah’s Endowment Fund in Indonesia International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-01-10 Ascarya Ascarya, Atika Rukminastiti Masrifah
Purpose This study aims to develop the maqasid index (MI) for Islamic corporate social responsibility (CSR), namely, Dana Abadi Umat (DAU) (Ummah’s Endowment Fund) or MI-DAU in Indonesia. Design/methodology/approach Modeling and weighting are based on Delphi and analytic network process (ANP) methods, called Delphi–ANP additive weighting. The Delphi method was applied to design and validate the factors
-
Shariah capabilities and value propositions of Islamic banking International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2023-01-03 Karim Ullah, Muhammad Ashfaque, Muhammad Atiq, Muhammad Khan, Arif Hussain
Purpose The purpose of this paper is to explore the types of Shariah capabilities of Islamic banks, which provide bases for the types of Shariah value propositions, offered by the relationship managers in their front-line service experiences with the customers. Design/methodology/approach A resource-based view of Shariah capabilities and a service-dominant logic view of value propositions are adopted
-
Toward the development of an Islamic banking sustainability performance index International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2022-12-22 Rym Ammar, Sonia Rebai, Dhafer Saidane
Purpose The purpose of this paper is to suggest a model that yields a sustainability performance index for Islamic banks (IBs). This index is expected to account for stakeholders’ viewpoints while considering sustainability and Maqasid Al-Shariah as bases. Design/methodology/approach First, based on the relevant literature review refined through consultations with academic, banking and Shariah experts
-
The impact of the prospect theory value on the relationship between liquidity risk and returns International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2022-12-21 Hamzeh Hosseinpour, Ahmad Khodamipour, Omid Pourheidari
Purpose This study aims to investigate the relationship between return and liquidity risk and the impact of the prospect theory value (PTV) as a moderator variable on this relationship. Design/methodology/approach The statistical population of this study is the companies listed on the Tehran Stock Exchange during the years 2006–2019. In this research, the portfolio construction method and alpha analysis
-
Islamic banking, efficiency and societal welfare: a machine-learning, agent-based study International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2022-12-20 Efstathios Polyzos, Aristeidis Samitas, Konstantinos Syriopoulos
Purpose This paper models the benefits of Islamic banking on the efficiency of the banking sector and on societal happiness. This paper aims to examine how the adoption of Islamic banking to various degrees affects economics outcomes. Design/methodology/approach This study uses machine-learning tools to build a happiness function and integrate it in an agent-based model to test for the direct and indirect
-
A study of cash waqf contribution between millennials of Malaysia and Indonesia International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2022-12-19 Anwar Allah Pitchay, Raditya Sukmana, Ririn Tri Ratnasari, Mohamad Isa Abd Jalil
Purpose This study aims to examine the determinants of motivation that influences Malaysian and Indonesian millennials to contribute cash waqf. Design/methodology/approach The present study used self-determination theory and 423 respondents, of which 205 respondents are from Malaysia and 218 from Indonesia. The study developed a self-administrative questionnaire, and it is distributed through an online
-
Sukuk and bond dynamics in relation to exchange rate International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2022-12-07 Syed Mabruk Billah, Thi Thu Ha Nguyen, Md Iftekhar Hasan Chowdhury
Purpose This study aims to contribute by expanding the existing literature on Sukuk return and volatility and exploring the implications of the Sukuk-exchange rate interactions. Design/methodology/approach This study examines the dynamic interactions of Sukuk with exchange rate in 15 countries, employing the Wavelet approach that considers both time and investment horizons. Findings The results reveal
-
Lender’s position in the profit and loss sharing Islamic finance: an analytical perspective of Izutsu’s hypotheses on “Islam” and “Hilm” International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2022-11-24 Yasushi Suzuki, Mohammad Dulal Miah
Purpose There is a growing debate as to how Islamic financial institutions can increase the expansion of profit and loss sharing (PLS) finance instead of widely practiced markup finance. This paper aims to seek to argue that protecting lenders right is to be ensured if we expect to see the rise of PLS finance of Islamic banks. Design/methodology/approach The paper draws upon the theorical contribution
-
Providing an Islamic approach of monetary systems International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2022-11-10 Mohamad Mehdi Mojahedi Moakhar, Mahmoud Esavi, Amir Khademalizadeh, Fathollah Tari
Purpose The purpose of this paper is organized as follows. Section 2 reviews the literature on the subject matter, focusing on western economic literature and the Islamic economic paradigm, including the Quran, Sunnah, jurisprudence and Islamic philosophy thinking, to illustrate the origins of the Islamic approach to monetary systems. The money interest rate and its studies are explained, and the role
-
The impact of financial management practices on accountability of Islamic social enterprise (ISE) International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2022-11-09 Muhammad Iqmal Hisham Kamaruddin, Sofiah Md. Auzair
Purpose This study aims to examine the role of financial management practices, which consist of financial disclosure, internal control, financial planning and budgeting and financial performance on Islamic social enterprises’ (ISEs) accountability. Design/methodology/approach Questionnaires were administered to financial officers of 102 Malaysian ISEs. Findings were analysed using Smart-PLS to examine
-
Does the conventional money market overnight rate influence the investment rate of Islamic deposits? Evidence from Malaysia International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2022-11-08 Jingya Li, Ming-Hua Liu, Keshab Shrestha
Purpose The paper aims to examine whether the daily conventional money market overnight rate influences the monthly investment rate of Islamic deposits in Malaysia. The traditional approach, which averages the high-frequency data to match the low-frequency data, results in information loss for the high-frequency data. Design/methodology/approach The paper uses the mixed data sampling (MIDAS) model
-
Exploring the dynamics of bank liquidity holding in Islamic and conventional banks International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2022-11-07 Khalil Yahya Mohammed Abdo, Abu Hanifa Md. Noman, Mohamed Hisham Hanifa
Purpose This study aims to address how Islamic banks (IBs) and conventional banks (CBs) manage their liquidity and their speed of adjusting liquidity holdings both in the short- and long term. Design/methodology/approach This study uses the partial adjustment model (PAM) on a sample of 445 banks from 17 Organisation of Islamic Cooperation countries over the period 2010–2018. Findings Results reveal
-
The asymmetrical linkage between oil price and banking stability in the MENA region International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2022-11-03 Ahmed Rufai Mohammad, Sirajo Aliyu
Purpose This paper aims to empirically investigate the asymmetrical relationship between changes in oil price and the banking stability of the conventional and Islamic banks in the Middle East and North African (MENA) countries. Design/methodology/approach This paper measures banking stability with Z-score and probability of default using the Generalized Method of Moment. This paper selects a sample
-
Do trust and country governance affect credit growth in GCC countries? International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2022-11-02 Mohamed Albaity, Ray Saadaoui Mallek, Hussein A. Hassan Al-Tamimi, Philip Molyneux
Purpose This study aims to investigate whether quality of governance (QoG), trustworthiness and confidence impacted bank credit growth in Gulf Cooperation Council (GCC). In addition, it examined whether credit growth differed between Islamic and conventional banks in GCC countries. Design/methodology/approach Using data from 104 (56 conventional banks and 48 Islamic banks) banks located in GCC countries
-
Cash holdings and firm performance: empirical analysis from Shariah-compliant and conventional corporations International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2022-10-19 Faisal Alnori, Abdullah Bugshan
Purpose This paper aims to provide a comprehensive investigation into the different roles of cash holding decisions on Shariah-compliant and non-Shariah-compliant firms’ performance. Therefore, the objective of this study is to analyze the significant relationship of liquidity on Shariah- and non-Shariah-compliant corporations. Design/methodology/approach This study sample includes non-financial firms
-
Zakat payment from cryptocurrencies and crypto assets International Journal of Islamic And Middle Eastern Finance And Management (IF 2.853) Pub Date : 2022-10-11 Aishath Muneeza, Saeed Awadh Bin-Nashwan, Magda Ismail Abdel Moshin, Ismail Mohamed, Abdelrahman Al-Saadi
Purpose This paper aims to examine the existing practice of accepting zakat payments using cryptocurrencies and crypto assets by discussing its Shariah issues. Design/methodology/approach This is qualitative research in nature, as unstructured interviews with experts in the field were conducted to understand the existing practice regarding zakat on cryptocurrencies/crypto assets while literature on