Minhaj University OJS
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Islamic Capital Market Research: A Bibliometric Visualization based on Scopus Database (2000-2022)
No full textThe Islamic capital market has emerged as a critical player in Islamic social finance, providing a Shariah-compliant alternative to traditional capital markets for Muslim customers. With a plethora of research in the field of Islamic finance, there is a growing body of empirical views regarding new enhancements in the Islamic capital market. Thus, it is imperative to understand the emergence of research in this area to conduct further studies on various aspects. In this study, data was extracted using the Scopus database, with "Islamic Capital Market" as the reference in "Article title, Abstract, and keywords," specifying the duration from 2000 to 2022. Various software tools such as VOS viewer, R studio, Biblioshiny, and Excel were employed to apply bibliometric methods for a comprehensive analysis of past research on Islamic Capital Market through different visualization methods.
The findings reveal a clear research gap in the existing literature on Islamic Capital Market. While available research covers historical background and general discussions, significant areas, such as technology's use for innovation in the Islamic capital market, are not widely discussed. It is also noted that until 2011, there was no significant increase in research in this field. However, since then, numerous empirical and theoretical studies have been conducted, and it is expected that this growth will continue in the coming years. This study contributes to the understanding of the current state of research in the Islamic capital market and provides a basis for future research in this area.
CHALLENGES AND OPPORTUNITIES FOR CO-EXISTENCE: A Sri Lankan Christian Perspective
Full text linkGod has revealed himself in many different ways and this has given rise to various religious traditions. The principal function of religion is to be a link (re+ligare) with God. However, in the history of the world, the religions have deviated from this noble purpose. The present world order with its conflicts, violence, injustice, discrimination, anti-life concepts and unjust practices raises the fundamental question: “Are thereligions contributing to human wellbeing and harmony or have they given rise to various forms of extremism and violence that will eventually destroy the world?”Sri Lanka, a small island-nation, contains four religious traditions existing side by side and, therefore, provides an opportunity to explore how interfaith dialogue and collaboration can contribute to the harmonious coexistence of a multi-religious society. This article discusses the ground reality of religious plurality in Sri Lanka and concludes that religiousplurality can provide an opportunity for coexistence among religious traditions
READING MOHAMMED TALBI AND ABUL KALAM AZAD IN A PLURAL WORLD
Full text linkI will discuss the views of two Muslim scholars: Mohammed Talbi (Tunisia) and Abul Kalam Azad (India), who both lived in plural contexts. I will show that their political and intellectual views invited people to live as co-citizens and co-humans in the modern world. Both scholars upheld pluralism as the design of God for this world. Talbi maintains that pluralism and dialogue are two sides of the corner stone that holds a plural society together. Pluralism demands respect for all parties and for the views of others in the context of intellectual and religious freedom. Mutual respect is the basis for true dialogue and the corner stone of religious and intellectual freedom. Interreligious dialogue is essential for pluralism to become vibrant. Kalam Azad maintains that truth is the essence of all religions as it is founded on the oneness of God. Every human person can intuitively apprehend the truth. Faith and good works are universal values. These universal values call upon people to recognize one another’s 'co-humanity' and live together as citizens in a plural world
WHO CREATED GOD? : An Attempt to Deconstruct the Age-Old Question
Full text linkThis study explores the current literature’s conceptual, philosophical, and analytical elements of theism. It aims to deconstruct the atheist paradigm and provide a thorough examination of the answer to the age-old question, ‘If God created the world, who created God?’ This article examines the perspectives of modern scholars on God’s ‘createdness’ and argues that current theists may benefit from a philosophical perspective to provide a logical and rational response to the age-old question
AN ISLAMIC PERSPECTIVE ON SUSTAINABLE DEVELOPMENT
Full text linkSustainable development meets the needs of the present without compromising the ability of further generations to meet their own needs. According to Islamic teachings, everything on earth was created for the service of human beings. Hence, Islam allows the consumption of the natural environment but forbids unnecessary destruction and endeavors to balance environmental protection with social and economic development. This paper will discuss sustainable development in the light of Islam with special reference to the challenges facing Pakistan
A PLATONIC VIEW OF THE POLITICAL ORDER
Full text linkPolitics, a noble discipline, can generally be defined as the activities associated with the governance of a country. Sadly, this noble activity has been deprived of its noble character by those engaged in politics. Truth and politics have never been on good and friendly terms with one another and lies have always been a justified and glorified tool in political dealings. The world’s hope for a humanely and socially better order depends on the political order. The progress or the regress of a country is determined by the degree of transparency in political institutions. Unfortunately today, for many involved in politics, truth is not their forte. Virtue is not their ambition. Development of the soul is not their aim. The people who elected them to power are not their concern. Plato was of the opinion that either philosophers become politicians or politicians accept the values of philosophy. Here, by philosophers, he intends those who love virtue; those who love humanity; those whose sole concern is the welfare and well-being of the people
Paradigm of Business Ethics in Marketing Practices of Islamic Banking and Financial Institutions
Full text linkOver the last several decades, Islamic banking and finance (IBF) has experienced a globalrecord growth in finance industry. Its research is evolved from “foundation to strategicimplementation paradigm for practitioners”. It addresses the ethnicity of the IBF andmarketing of the financial service firms who are interested in marketing IBF services to theircustomers and provide guidelines to the policy makers, regulators and other stakeholders inmarket ends. The aim of this paper is to explore the shariah’s role in marketing practices ofIBF products, the challenges in the way of practicing Islamic marketing principles along withthe proposed underlying paradigm shift towards Muslims customers satisfaction because ofthe IBF model of 21st century to meet the need of the customers
The Lanao Sultanate in the 17th Century Zakāt System with Special Reference to the Islamic Perspective of Al-Māwardī
Full text linkLiterature studies show that there is a sizable research gap vis-à-vis the Sunni Islamicperspectives on zakāt system of the Lanao Sultanate. To fill in this research gap, this paper isintended to explore in-depth the Sunni Islamic perspectives of the practices of the Maranaosin Lanao on zakāt system with special reference to the Islamic perspective of al-Māwardī onzakāt system. This works has used secondary data sources such as books, theses and journals.This study will be of significant use as a reference material for the researchers. This researchpromotes open and constructive debates on how applied Islamic governance helped todevelop the civil and religious life of the natives in the Philippines in the 17th century. Therecommendations of this work provide important inputs for the state policy makers topromote better Islamic governance in the Muslim majority regions of Philippines. This studycontributes to the body of knowledge and academia on regional studies on Islamic civilizationin Southeast Asia as well as on the significant impact of the Lanao Sultanate to the ways oflife of the Maranao communities This study also recommends that the policy makers shoulddevise policies that promote Islamic zakāt system in the Muslim dominated areas ofPhilippines. Such policies could be highly effective in eradicating poverty and also inpromoting the distribution of wealth for the quality life of masses in general
Islamic Framework for Governing the Nexus of Individual and Organizational Behavior
Full text linkScholarship has asserted for deducing and decoding the nexus of individual and organizational behavior as an off shoot and reflection of the overall governance system. It is argued that the efficacy and universality of the governance system is the bedrock of the overall efficiency and sustainability of a successful organization. The same, in actuality, is no different from the overall societal behavioral. Consequently, the lack of understanding and hence attaining the same has resulted in mal-understanding of a just organizational behavior, leadership failure resources and expertise drain and misutilization. All in contrast to pareto superior aims. Different strand of theories were put forward in explaining the notions and the nexus of individual and organizational. Number of models and frameworks have been circulated, over the decades, to provide philosophical underpinnings. The current study, while resorting to historical, analytical and deductive approach, will not only dwell on the known theories with the aim to put forward a relevant framework from an Islamic perspective