90 research outputs found
Democracy and socio-economic inclusion in Nigeria: reducing the mutual exclusivity through Islamic microfinance
No full textThe behavioral biases of Muslims in Islamic banking and finance: a second-order self-reported religiosity measurement invariance
No full textA measurement model of the determinants of financial exclusion among Muslim micro-entrepreneurs in Ilorin, Nigeria
No full textThis study investigated the various factors that impede both the access to and use of the requisite financial resources for entrepreneurial development in Ilorin, Nigeria. Data was collected via a survey questionnaire administered on Muslim micro-entrepreneurs in the study area. A measurement model using the structural equation modelling approach was adopted. The paper concluded that both the voluntary and involuntary financial exclusion factors significantly account for financial exclusion among the respondents. However, voluntary exclusion signals a relatively serious problem. This is because it is a reflection of lack of use, rather than lack of access to financial services by the Muslim poor. In this regard, religious consideration as well as debt phobia as a reflection of the presence of Islam in the area had statistically significant factor loadings. Recommendations were also offered
An empirical investigation of the determinants of cash waqf awareness in Malaysia
No full textNotwithstanding the consensus among most classical and contemporary scholars on the permissibility of cash or money for Waqf purpose, its apparent limited application to religious purposes in Malaysia undermines its potentials for socio-economic development. Extant Malaysia theoretical and conceptual studies only offered remarks on the likely low levels of application of this very important variant of Waqf in Malaysia. Thus a lacuna exists to empirically assess the level of awareness and unravel the likely factors that explain such limited application of Cash Waqf in Malaysia. In an attempt to fill this gap in this study, data elicited from respondents via an adopted survey instrument was subjected to both descriptive and inferential statistical analysis. The results indicated that the awareness level is still low and that social culture, lack of promotion, and lack of understanding statistically and significantly explain the level of awareness and application about Cash Waqf among the respondents. Recommendations contingent on research findings were offered
AIM’s accountability in financial sustainability: the role of market orientation
No full textThe paper aims at providing insights into how three dimensions of market orientation namely; customer orientation, competitor orientation and inter-function coordination affect the financial performance of Amanah Ikhtiar Malaysia (AIM) as the oldest microfinance institution in South East Asia. Using a cross sectional survey, Partial Least Squares (PLS) as a variance-based structural equation modeling (SEM), the current study examines the AIM’s accountability on market orientation in financial sustainability. The results provided empirical evidences that indicate customer orientation and inter-function coordination significantly affect financial performance of AIM. Nevertheless, competitor orientation has a negative and insignificant effect on sustainable financial performance of AIM. The result of the paper enhanced further the literature in understanding the long-term sustainable financial performance-based market orientation
Financial exclusion and livelihood assets acquisition among muslim households in Ilorin, Nigeria : a structural invariance analysis.
Full text linkThis study examined the relationship that exists between the latent variables of financial exclusion (credit, savings, and remittances) and sustainable livelihood assets (social capital, natural capital, physical capital, and human capital) among some poor Muslim households in Ilorin, Kwara State, Nigeria. Data elicited via survey questionnaire administered on poor Muslim households was analysed based on both factor analysis and
structural equation modelling using SPSS 19.0 and Amos 19.0 software. The results indicated that the lack of financial inclusion significantly and statistically impedes the acquisition of the livelihood assets. The invariance analysis also revealed that both gender and educational attainment do not moderate the hypothesised structural model. The relatively small sample size and coverage of study area are major limitations to generalizing the findings. Nonetheless, the findings imply that financial inclusion strategies in Nigeria and perhaps in other Muslim majority areas should be located
within a broader sustainable livelihood framework. This paper contributes to the literature on implication of financial exclusion from an integrated welfare analysis perspective given that access to, and uses of finance are
viewed as independent rather than conjoined
Nigerian retail customers’ adoption of online banking in an Islamic Bank
Full text linkPurpose: The main purpose of this study is to present the pilot study result on the adoption of online banking by Nigerian retail customers of an Islamic Bank. Methodology: An extended Technology Acceptance Model was modified with awareness, trust and technology quality. Factor analysis and principal component analysis were conducted. A sample of sixty one Nigerian students of Linton University College and Nigerian staff of Nigerian High Commission in Malaysia were utilized in the study.Findings: The result revealed that reliability estimates for internal consistency Cronbach’s Alpha for all the
thirty seven items used on seven construct ranged between 0.8 to 0.9 which is above 0.7. This indicates
statistically acceptable internal consistency reliability.
Originality/value: Despite significant contribution of online banking in enhancing globalisation of banking
industry, less attention has been made on on the adoption of online banking in a developing nation like Nigeria.
Indeed, most of the studies were conducted in developed countries. Thus, this study sought to explore the
adoption of online banking in an Islamic bank that is from the retail customer’s perspective. The findings of this
paper will be of importance to both financial industry and financial policy formation and future researchers in the
field of online banking especially in Islamic banks
Foreign aid and corruptionin selectedafricanmuslimcountries: an empirical study based on autoregressive distributed lag (ardl) model
No full textConsidering the dismal growth performance in many African countries despite the huge transfer of resources as foreign aid or development assistance (DA) by various multilateral development and financial institutions like OECD, USAID and Islamic Development Bank (IDB) among others; itwas not surprising that Transparency International through its Corruption Perceptions Index (CPI)reports classified most African countries as icons of corruption. In this connection therefore, this study makes an attempt to empirically investigate the nature and pattern of causal relationship existing between corruption and foreign aid in selected African Muslim Countries (AMCs) like Morocco, Egypt, Tunisia and Senegal who are among the major recipients of the development assistance of IDB in more than three decades. As a matter of fact, Autoregressive Distributed Lag (ARDL) model based on Cointegration and Granger-causality tests was adopted. Basically, the
findings from our study indicate that the nature of causality existing between corruption and foreign aid is both in the short and long-run analysis. Also, the pattern of causality is both unidirectional and bidirectional. Importantly, our findings revealed the relevance of the corruption trap hypothesis of Collier (2006) to all the countries in the sample, especially for Morocco. Stemming from these findings, we recommend that IDB and other African development partners
like the OIC, OECD, OPEC and a host of others should give more commitment to the enthronement of good governance. They should especially facilitate the international war against corruption in these countries and Africa at large because these two measures are fundamental to the growth and development process of the continent
A measurement model of the determinants of financial exclusion among micro-entrepreneurs in Ilorin, Nigeria
No full textThis study investigated the various factors that impede both the access to and use of the requisite financial resources for entrepreneurial development in Nigeria. Data was collected via a survey questionnaire administered on micro-entrepreneurs in Ilorin, Kwara State, Nigeria. A measurement model using the structural equation modeling approach was adopted. The paper concluded that both the voluntary and involuntary financial exclusion factors significantly account for financial exclusion in Nigeria. However, voluntary exclusion signals more problem. This is because it is a reflection of lack of use, rather than lack of access to financial services by the poor
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