INCEIF Knowledge Repository (INCEIF University)
Not a member yet
1768 research outputs found
Sort by
Marketing effectiveness of Islamic and conventional banks: evidence from Malaysia
No full textThe study aims to address marketing effectiveness of both Islamic banks and conventional banks (CBs) by using a modified "chain-of-effect" framework. Against current literature, which is based on customer surveys, reports do not include marketing activities by the Islamic banks (IB); this study adopts a bank perspective to explore the IB's behavior in this regard. Applying fixed-effect panel regression on the quarterly data of five IBs and five CBs in Malaysia, the study aims to explore the influence of marketing efforts on performance
Development of Islamic financial system for providing financial resources for technological plans in the Islamic world
No full textThe slides outline: 1) strengthening the impact of Islamic finance through "value-based intermediation"; 2) promoting risk sharing through investment account and platform; 3) harnessing the power of technology to enhance socially sustainable financing (MSMEs)
Regional spillovers across transitioning emerging and frontier equity markets: a multi-time scale wavelet analysis
No full textThe episodic wave of crises experienced across the global financial markets over the past two decades has raised questions surrounding the vulnerability of transitioning emerging and frontier equity markets to exogenous shocks. These markets, by design, have lacked the institutional or financial architecture supporting their capital base compared to more established markets. We make the initial attempt to examine four such stock markets (Saudi Arabia, UAE, South Africa and Israel). We perform multi-timescale analysis using wavelet-based time and frequency decompositions in order to investigate (i) whether the shocks transmitted were pure contagion or fundamental-based and (ii) also whether the dynamic evolution of stock market integration was mainly shortterm or long-term. We find that prior to the 2008/09 US subprime crisis, the shocks generated pure contagion in contrast to the subprime crisis that reveals evidence supportive of fundamental-based contagion. Further, when exploring the dynamics of market integration, we find that integration strengthens over time as opposed to any immediate short-term outcome. This supports policies engendered to promote stock market resiliency and stability
Maqasid al Shariah with the UN's sustainable development goals (SDGs)
No full textThis month I would like to focus on an area that I consider of great significance and one that I have written about frequently in the last year or so. The focus is the alignment of Maqasid al Shariah with the United Nations' Sustainable Development Goals (SDGs). This is a topic that I have commented on several times before in this column and I should like, with your indulgence, to give you the latest thoughts and updates that I have been having in this area after several related meetings in recent days. During the last month or so I have had several discussions with a couple of very prominent and globally recognised scholars. Both have expressed concerns, as I have, that the scholars in general, are less relevant than they should be in the current day and age. Indeed, both have commented on the fact that the Shariah Boards are starting to look like Fatwa factories, when they should be looking more closely at the outcomes of their decisions, particularly with regard to alignment with global SDGs
Determinants of perceived auditor independence for Malaysian financially distressed companies
No full textThe determinants of perceived auditor independence were identified for financially distressed companies in Malaysia. These determinants included country-specific variables such as ethnicity - specifically, of the external auditor, directors, and majority shareholders - and political connection. A survey captured the perceptions of practitioners registered with the Malaysian Institute of Accountants and the data was factor analyzed. The focus on financially distressed companies and the inclusion of country-specific variables resulted in a different combination of determinants from existing auditor independence literature
Inclusion of Islamic socio-financial institutions for the unbankable hard core poor (a model worth attention)
No full textThe main objective of this paper is to show how the Islamic social financial institutions (ISFI) can be integrated to overcome this problem. The paper is also intended to show how the ISFI can be integrated within a Micro-Finance Model for alleviating poverty and in assisting in providing the basic needs for them
Financing the development of old waqf properties
No full textThe slides highlight: 1) definition of waqf; 2) current scenation of waqf; 3) transforming old waqf properties into productive waqf
Islamic banking stability, efficiency and growth: the market discipline of Islamic term deposits investment accounts
No full textThis research empirically investigates the role of profit sharing investment accounts in providing market discipline and the extent to which PSIA influences Islamic banks' stability, efficiency and financing growth, thus complementing government supervision and regulation of Islamic banks. Data from 48 Islamic banks from 13 countries in different regions over the period 2007 to 2014 were collected. A two-step system generalized method of moments (GMM) was applied to estimate the equations. The fixed and random effects and the two-step difference GMM were also applied for comparison purposes. The empirical results do support the view that PSIA is able to influence the Islamic banks’ prudent behaviour, and provide evidence that PSIA is an effective instrument of market discipline. PSIA was found to be able to reduce credit risk of Islamic banks and influence their financial health by maintaining adequate capitalization. The study further finds evidence to support that PSIA is able to provide discipline and influence Islamic banks’ cost management and a boost to their financing growth. PSIA not only improves banks’ market discipline by directly reducing non-performing loans but also influences reduction of cost to income ratio, improving the Islamic banks’ efficiency
Tawarruq as a product for financing within the Islamic banking system: a case study of Malaysian Islamic banking system
No full textMany discussions and studies have taken place regarding the permissibility of Tawarruq and 'Inah transactions. While Tawarruq is widely used in Malaysia and around the globe 'Inah has been declined by many Islamic banks operating in many jurisdictions. The purpose of this paper is to study the application of Tawarruq in the Malaysian Islamic banking system. For this purpose the paper will discuss the permissibility of Tawarruq transactions from viewpoint of classical and contemporary scholars and its application in other countries. The methodology used to conduct the study was qualitative; hence the data was collected from various documents and studies conducted by scholars. For this purpose a comprehensive study on Tawarruq was extracted from the Bank Negara guidelines and other various publications was made. The outcome of this research revealed that there are contradictory views on the usage of Tawarruq. While some jurists standby the view of its permissibility, others view it as an invalid product of Islamic banking. Furthermore, it was shown that limited studies have been conducted on the practice of Tawarruq in various Islamic financial Institutions and limited data was seen from the financial reports of the banks indicating the amount of Tawarruq usage
A unique waqf development model
No full textEver heard of an occasion where property has been used to generate revenue to a waqf fund? Well, here's one. It's called the Dharul Eeman project and is being tried and tested in the Maldives. We hope that its success story will be an inspiration to other countries who wish to adopt a similar approach to enrich their cash waqf funds. This project is proof that innovation is the key to developing an Islamic economy. This model is unique as the general norm is to develop properties to generate income from waqf lands; but in this case the Ministry of Islamic Affairs is intending to develop a land in order to generate income for a cash waqf fund which will be used to build, repair and maintain mosques all over the nation