INCEIF Knowledge Repository (INCEIF University)
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Damage assessment for Kelantan flooding: does the early warning instrument mitigates the risk? A case of Kuala Krai, Kelantan
No full textThis study will focus on assessing the total amount of damage and losses that has occurred during the 2014 flood disaster in Kelantan. The phenomenon of heavy rainfall during monsoon season is normal in Malaysia especially for the east coastal state areas between November to March every year. With the rainfall rate of 794mm which is 1.6 times higher than the average rainfall from the previous year, it has destroyed dwelling houses, animals, crops and also agricultural land. By using cross-sectional data analysis with Ordinary Least Square (OLS) method on 686 respondents in Kuala Krai, Kelantan, the results showed that early warning indicators such as Short Message Services (SMS) and other flood indicator instruments can reduce the risk of losses due to flood. Meanwhile, the ownership of insurance and an increase in household income is expected to reduce the burden of flood victims in the area
COVID-19 saga and economic impact
No full textThe COVID-19 outbreak hit the fan in December 2019 in Wuhan, China. There is much controversy over the genesis of this new pandemic which is haunting the humanity the world over. Contradictory, if not competing, conspiracy theories have emerged, with China and the US blaming each other. Some have described COVID-19 as a Black Swan which took the world completely unawares, while others contend it was not unforeseen, as people like Bill Gates have been talking about an impending pandemic of Biblical proportions, for nearly five years
High time for Islamic banks to show they are indeed value-based intermediaries
No full textThe novel COVID-19 pandemic has caused an unprecedented human crisis around the globe. The necessary actions implemented to contain the virus have sparked both economic and social downturn. It shows the fragility and unpreparedness of the economy to face such a pandemic. Significant weakening of economic conditions has escalated the pressure on households, businesses and financial markets. Governments all over the globe are in the process of formulating and implementing appropriate policies to continue economic activities amidst this turmoil. Financial institutions are obligated to respond towards the policies adopted by respective governments
Islamic law of inheritance
No full textThese are the slides that were part of an Islamic Wills Webinar presented by Associate Professor Dr. Aishath Muneeza entitled "Islamic law of inheritance"
Mathematical methods and quantum mathematics for economics and finance
No full textThis book offers an introductory text on mathematical methods for graduate students of economics and finance-and leading to the more advanced subject of quantum mathematics. The content is divided into five major sections: mathematical methods are covered in the first four sections, and can be taught in one semester. The book begins by focusing on the core subjects of linear algebra and calculus, before moving on to the more advanced topics of probability theory and stochastic calculus. Detailed derivations of the Black-Scholes and Merton equations are provided - in order to clarify the mathematical underpinnings of stochastic calculus. Each chapter of the first four sections includes a problem set, chiefly drawn from economics and finance ..
Sustainable and inclusive recovery: charting a new reality
No full textPanel discussion with Tan Sri Abdul Wahid Omar, Professor Dr. Aahad M. Osman-Ghani, and Dr. Liza Mydin sharing their experiences and topic discussed on "Sustainable and inclusive recovery: charting a new reality)
Application of tawarruq in Islamic banking in Malaysia: towards smart tawarruq
No full textThe objective of the paper is to discuss the application of tawarruq in Islamic banking generally. The modus operandi of tawarruq in Islamic banking is an essential discussion in jurisdiction like Malaysia, where most Islamic banks use tawarruq to structure Islamic banking products. This paper employs a systematic literature review on best practice models and mechanism of current tawarruq application. The outcome of the research helps to understand the modus operandi of tawarruq transactions practically with a view towards understanding its future prospects in the era of fintech. It is envisaged that this research will assist the growing understanding of the existing application of tawarruq in Islamic banking as well as its future development using technology
Hubungan budaya organisasi dan nilai Islam terhadap amalan etika kerja Islam (EKI) di kalangan penjawat awam di Malaysia
No full textKajian ini bertujuan untuk melihat hubungan budaya organisasi dan nilai Islam terhadap amalan etika kerja Islam (EKI) di kalangan penjawat awam di dalam organisasi Islamik. Secara khususnya pula, kajian ini akan memfokuskan kepada ciri-ciri yang ada di dalam teori budaya organisasi Hofstede dan nilai-nilai Islam yang ada di dalam ayat Al-Quran dan seterusnya menganalisis arah dan hubungan yang wujud di antara nilai budaya, nilai Islam terhadap amalan EKI. Kajian ini telah mengemukakan beberapa persoalan kajian iaitu apakah arah dan kekuatan hubungan nilai budaya terhadap amalan EKI dalam organisasi, apakah arah dan kekuatan hubungan nilai Islam terhadap amalan EKI dalam organisasi, bagaimanakah nilai budaya mempengaruhi amalan EKI di dalam organisasi dan bagaimanakah nilai Islam mempengaruhi terhadap amalan EKI dalam organisasi. Kajian dilaksanakan di kalangan penjawat beragama Islam di Wilayah Persekutuan Kuala Lumpur dan Putrajaya yang berkhidmat di agensi Islamik. Analisis statistik inferensi dilakukan di dalam kajian ini untuk melihat perhubungan yang wujud antara pemboleh ubah bebas dengan pemboleh ubah bersandar. Ujian korelasi Pearson dan regresi berganda digunakan untuk melihat hubungan dan arah yang wujud. Pemboleh ubah bebas dalam kajian ini adalah nilai budaya dari enam ciri budaya Hofstede dan nilai Islam di dalam al-Quran dengan melihat kepada pengaruh terhadap tingkahlaku kepada organisasi dan pelanggan di kalangan responden. Pemboleh ubah bersandar di dalam kajian ini pula adalah amalan etika kerja Islam. Kajian ini akan melihat sejauhmana kesedaran responden terhadap elemen nilai budaya yang wujud di dalam organisasi dan di dalam persekitaran kehidupan dan juga melihat kepercayaan kepentingan nilai Islam dalam melaksanakan tugas di dalam organisasi dengan memberi fokus kepada hubungan terhadap organisasi dan pelanggan. Kajian ini membuktikan bahawa amalan EKI dipengaruhi secara signifikan dan keseluruhannya berhubungan secara positif dengan pemboleh ubah kajian. Dapatan kajian ini sedikit sebanyakakan membantu organisasi untuk mengenalpasti mekanisma dalam usaha untuk meningkatkan amalan EKI di dalam organisasi
It is time for the zakat organizations in India to press zakat activation button to provide economic & social relief in COVID-19
No full textCOVID-19 began as a health crisis and now has led to an economic crisis. There is a sudden surge in the number of poor and needy who has become unemployed over night without any prior warning and who has no way to find an alternative work as the whole country is locked down to protect from widespread of the disease in the local communities. This is the situation in the whole world today and India is no exception to this. As Purohit in this April 2020 has reported in Aljazeera: millions in underdeveloped regions face penury and deprivation as economic activity grinds to a halt due to lockdown. An example to further describe this issue at an individual is described by Purohit as follows: For farm worker Manisha Uke, being able to survive is contingent on two factors - one, getting a daily wage of 100 Indian rupees (13.1) from the government
Bank risk and financial development: evidence form dual banking countries
No full textThis study examines the impact of financial development on bank risk-taking, measured as bank capitalization and bank income diversification. We observe the relationship using annual bank-level data from countries with dual-banking systems. The dataset spans from 2000 to 2014. Our results suggest that the impact of financial development on bank capitalization is heterogeneous across Islamic and conventional commercial banks. Moreover, the effect is different across listed and unlisted banks. However, on average, the response of income diversification to financial development is similar across most specifications. Additionally, bank risk is found to be countercyclical, suggesting that bank risk increases in good times. On average, these results (countercyclical evidence) hold across bank types (Islamic and conventional) and ownership structure (listed and unlisted). However, these results are contingent on the size (small vs. large) factor. The results are robust to alternative proxies of financial development