INCEIF Knowledge Repository (INCEIF University)
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Unemployment, economic development and happiness: a cross-sectional study
No full textThe paper "Unemployment, economic development and happiness: a cross-sectional study" presented 6th International Borneo Business Conference (IBBC) 2014, Kuching, Sarawak, Malaysia
Essays in Islamic equities
No full textThis dissertation discusses a number of issues in Islamic equity, which can be broadly defined as equity investments that meet certain Shari'ah compliance requirements. A particular stock is deemed as Shari'ah compliant when it "passes" a screening process which encapsulates a number of relevant Islamic principles, rules and tenets. This process, commonly termed Shari'ah stock screening, essentially involves the negative screening or filtering of stocks. While variations may exist from one jurisdiction to another, and between a number of different Islamic index providers ...
Available in physical copy only (Call Number: t HG 4551 N336
Primary market spread determinants government staff Islamic personal financing
No full textThe paper "Primary market spread determinants government staff Islamic personal financing" presented at 6th International Borneo Business Conference (IBBC) 2014, Kuching, Sarawak, Malaysia
Potentials for waqf development through Islamic financing
No full textBased on the request of advice by Sayyidina Umar Ibn Khattab to the Prophet (saw). "Stop the principle and give away the fruits". Implies that the generator of benefits will remain forever. Hence the benefits will be perpetual or continuous. It must be perpetual in benefits (perpetuity)
An analysis of ethical values in Islamic entrepreneurship
No full textEntrepreneurship is an engine of growth in every society. Studies on the relationship between entrepreneurship and ethics are scanty. Thus, this research is designed to investigate ethical values embedied in entrepreneurship with a special focus on Islamic values ideal to entrepreneurship. This research finds ethical values with respect to Islamic entrepreneurship are indispensible factors as they constitute its essential element. Thus, four axioms of economic developed by Naqvi are just supporting evidence for what has deeply rooted in Islamic values and applicable to every aspects of human activities, and specifically to entrepreneurial activities
The role of the central bank in dual banking Malaysia
No full textIslamic banks in Malaysia have been growing rapidly since their debut in 1983, and are now an important component in the economy and financial system, which aims to become a major international Islamic finance hub. The policies, regulations and activities proposed and implemented by the Bank Negara Malaysia (BNM, the central bank) have significantly contributed to this development. It has been further enhanced by regulation of the Securities Commission. This chapter provides an overview of the role of BNM in regulating the Islamic banking industry in Malaysia
Risk management and derivatives in Islamic finance
No full textThis chapter examines risk management issues in Islamic banking and finance (IBF). It describes the current state of affairs, the available risk management tools and prescribes possible solutions where there are no risk management tools currently. It focuses on four key areas within IBF. These are: (1) net worth/profit rate risk of Islamic banks; (2) risks associated with sukuk portfolios; (3) equity risks of Islamic mutual funds; and (4) exchange rate risks of Shari'ah-compliant business entities
Intertemporal changes in the antecedents of migration in 1990-2000 period: the case of Malaysia and Asia-Pacific countries
No full textThe purpose of paper is to investigate and determine the intertemporal changes in linkages between migration (both emigration and immigration) and economic conditions in during 1990-2000 period. The paper employed cross-sectional analysis to investigate the relationship by employing data on immigration and emigration and as for economic condition the paper employed macro-variables such as real income differential (real gross domestic per capita), price level differential (consumer price index) and distance among the countries. Two different points of time were regressed cross-sectionally, with White standard being employed to remove traces of heterogeneity, albeit, 1990 and 2000. Results clearly indicate that there are significant changes in terms of the relationship of chosen variables with migration over time. The results provide some evidence on the important role played by these variables in influencing migration throughout the period in question. Data covered is limited to 24 countries. The results from these countries alone are not sufficient to address the full impact of migration. The study covers the traditional topic of migration with an econometric approach, with some empirical regression and findings
Protecting takaful against the risk of failure: a critical appraisal of the takaful benefits protection system (TBPS) in Malaysia
No full textThe establishment of the Takaful and Insurance Benefits Protection System (TIPS) in Malaysia is a statutory requirement. TIPS aims to ensure financial stability, soundness and public confidence. Perbadanan Insurans Deposit Malaysia (PIDM), known internationally as the Malaysia Deposit Insurance Corporation, is the sole regulatory body entrusted with the mandate to regulate deposit insurance across the country. At the outset, its mandate was confined to banking institutions. Since 2010, however, PIDM’s role has been extended to include takaful and conventional insurance institutions. With regard to takaful, the operation of the Takaful Benefits Protection System (TBPS) and the relationship between PIDM and its takaful members pose major concerns that have been raised by the industry in Malaysia. The concerns are related to contractual relationships, sources of premiums, the subject matter of the contract, and the services and guarantee that PIDM provides for takaful participants.
This research aims to provide critical Shari'ah analysis and evaluation of the current model of Takaful benefits protection system. It examines the existing model to ascertain to what extent it accomplishes the statury mandate and to what extent it meets Shari'ah requirements. Adherence to regulatory requirements is a must. The takaful industry faces some major challenges in trying to realise the interests of the takaful participants and its shareholders while satisfying the regulators. Thus, it is imperative to conduct an investigation that resolves these thorny issues in a win-win manner
Regulatory framework for Islamic finance
No full textGenerally, the objective of a regulatory framework within which a financial system operates is established for the purpose of protecting the system from abuses that may threaten the stability of financial relations. In doing so, attention is paid to the risk of financial transactions. The risk of any transaction can be managed in three ways. Risk can be transferred, shifted or shared. Depositors transfer their risk to a bank that then transfers it to borrowers. In this case the bank is an intermediary. Risk can be shifted in two different ways. A person shifts the risk of life or health to an insurance company with full knowledge and acquiescence of the latter that accepts the shifted risk for a fe