International Journal of Economics, Management and Accounting
Not a member yet
291 research outputs found
Sort by
ENTREPRENEURSHIP AND LEADERSHIP: AN ISLAMIC PERSPECTIVE
Full text linkIslam is a religion that provides not only guidelines for spiritual matters but also worldly matters, including the conduct of business. The main contribution of the study is in explaining the role of religion in managing enterprises vis-à -vis the characteristics of an entrepreneur and leader who practices Islam in conducting business. The principles are for leaders and entrepreneurs who are desirous of implementing leadership and entrepreneurship as guided by Islam. Two broad categories are discussed in this article: entrepreneurship and leadership in Islam. Seminal work in this area provides the understanding on the teachings of Islam and its principles for practicing entrepreneurship and leadership. The teachings of Islam have been elucidated from practicing perspectives. This article shows that Islam is a practical religion with entrepreneurship and leadership practice characterized by taqwā (faith), tawakkul (dependence on Allah), efficient and proper use of resources, the use of permissible sources of production and the production of permissible products, sincerity in efforts, trustworthiness in all dealings, concern for societal welfare and the environment, fairness and transparency in all activities, pursuance of knowledge, taking pride in work/ labor, and consultation with stakeholders before decision making. This article suggests that leaders and entrepreneurs who possess the qualities laid down in Islam are expected to combat any managerial challenge and complexity in administering their responsibilities. This article attempts to express the Islamic teachings in such a way that it is easier for entrepreneurs and leaders to practice Islam. Along with proposing the principles a good amount of rationalism is generated through citing Quranic verses and aḥādīth pertinent to each sub-topic
CONSUMERS’ LOYALTY TOWARD ISLAMIC BANKING SYSTEM: DOES ḤALA̅L BRAND AWARENESS MATTER?
Full text linkIn a competitive market structure, brand awareness helps to create a basis of trust and acceptance. Brand awareness is the first step to creating brand equity, an asset that provides companies with sustainable competitive advantages. However, in the Islamic banking context, the majority of consumers are still unable to distinguish between Islamic and conventional banks despite their awareness of the Islamic banking existence. This concern is critical to be addressed particularly in a dual banking environment such as in Malaysia, where consumers have choices between the Islamic and the conventional banking systems. Accordingly, this paper aims at investigating the influence of ḥalāl brand awareness on consumer loyalty toward the Islamic banking system. The model also includes brand loyalty as it is the core asset of brand equity. Using survey method, data of 454 respondents have been analyzed using PLS-SEM. The findings reveal that ḥalāl brand awareness shows greater influence on consumer loyalty toward the Islamic banking system than brand loyalty. Thus, Islamic bank managers must operationalize effective marketing communication strategies by promoting the Islamic banking products with simplicity to facilitate greater consumer understanding. This is not merely for enhancing organizational competitiveness, but more importantly is to ensure long term Islamic banking industry resilience
GIBRAT’S LAW AND LIQUIDITY CONSTRAINTS: EVIDENCE FROM MALAYSIA INDUSTRIAL SECTOR COMPANIES
Full text linkGibrat’s Law, or the Law of Proportionate Effect (LPE), presupposes that the growth rate of a given company is independent of its initial size. While older studies have a tendency to confirm the LPE, recent studies generally reject it. Only very few empirical studies have examined the validity of Gibrat’s Law in developing countries, with most studies focused on developed countries. In this study, we investigated the validity of the LPE in Malaysia. We also investigated whether liquidity constraints have any influence on firm growth and firm growth-size dynamics. By employing the Generalized Method of Moments (GMM) system to estimate a panel data model of the firm growth of 210 firms that were part of the Malaysian industrial sector from 2005 to 2014, we found that Gibrat’s Law was invalid and liquidity constraints had no role in explaining both the firms’ growth and growth-size dynamics, whereas age was found to positively affect the firms’ growth
TEACHING NOTES- DIFFERENTIATING ISLAMIC, CAPITALIST AND SOCIALIST ECONOMICS USING UTILITY CONCEPT
Full text linkTHE PERFECTION AND SELF-SUFFICIENCY OF THE QURʾĀN IN THE LAW OF INHERITANCE (PART TWO)
Full text linkThis paper addresses the law of inheritance as detailed in the QurʾÄn. It deals with the method used by the QurʾÄn in this regard. It is so comprehensive in such a way that not a single person among the heirs of the deceased is left out (with the exception of the grandmother) even though the ÄyÄt that tackled the issue are not more than four ÄyÄt. This attitude itself indicates the great important position held by this knowledge. It is about a system that Allah took complete responsibility of its explanation in detail. This is different from the norm, whereby Allah gives the general ruling and its details or explanation will be given by the Prophet (á¹£al-AllÄhu Ê¿alayhi wa sallam). Failure to put the shares of the estate in their proper position can lead to serious disputes among family members which can lead to cutting of ties between family members. This is contrary to Islam which deems family unity and integration as essential, Allah the Almighty has taken the said responsibility of explaining it in detail to the Ummah. The paper aims to expose the beauty of the concise information about inheritance mentioned in the QurʾÄn. This will be done solely through reliance on the QurʾÄn and other sources which support the QurʾÄn. This is the second part of two articles. Part One discusses the first type of inheritance (Farʾá¸), and Part Two discusses the second type of inheritance (Taʿṣīb). In this article, each set of conditions that qualify an heir to inherit a fixed share is accompanied by a table that illustrates their application.Â
THE PERCEPTION OF GOVERNMENT CIVIL SERVANTS ON THE IMPACTS OF TOURISM ON THEIR QUALITY OF LIFE
Full text linkThe objective of this study is to determine the perceptions of civil servants in Kota Bharu on how tourism impacts are associated with their quality of life (QoL). A logistic regression is employed where one hundred participants took part in the survey. Chi-square and binary logistic regression analyses are the techniques used in this study. The results show that quality of life is significantly influenced by the economic and social impacts of tourism.Â
USING THE CAMEL FRAMEWORK IN ASSESSING BANK PERFORMANCE IN MALAYSIA
Full text linkThe banking sector in Malaysia suffered a bitter experience during the Asian financial crisis. Because of the crisis, many researchers across the globe attempted to better measure bank performance. This study highlights the evaluation of bank performance, including both domestic and foreign banks in Malaysia, using the Capital adequacy, Asset quality, Management competency, Earning quality, and Liquidity (CAMEL) framework for the period 2008 to 2012. Using regression analysis, the results of the study showed that capital adequacy, asset quality, earning quality and liquidity have a significant impact on performance of Malaysian banks. The outcome of this study is important to policymakers in assessing bank performance that could determine the direction of the future banking system in Malaysia
