Browsing by Author Saiti, Buerhan

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 1 to 11 of 11
  • comovement_of_selective_conventional_and_Islamic_stock indices_buerhan_mansur.pdf.jpg
  • Journal Article


  • Authors: Saiti, Buerhan; Mohammed Masih, Abul Mansur (2016)

  • This paper investigates the dynamic causal linkages in the daily returns among four conventional and three Shariah compliant indices (such as, Financial Times Stock Exchange Shariah China Index, Asia Shariah Index, Malaysia EMAS Shariah Index, China Shanghai Stock Exchange [SSE] Composite Index, Hang Seng Index, Nikkei 225 and KOSPI) in Asia region through the application of the standard time series techniques. Essentially, the purpose of this research is to identify the extent of influence of conventional and Islamic, regional and international equity markets on Shariah-compliant equity investment in China. Our study is focused on investigating the following empirical questions: (i) ...

  • impact_of_crude_oil_price_on_Islamic_stock_indices_monir_buerhan_mansur.pdf.jpg
  • Journal Article


  • Authors: Abdullah, Ahmad Monir; Saiti, Buerhan; Mohammed Masih, Abul Mansur (2016)

  • This paper is the first attempt at testing the "time-varying" and "time-scale dependent" volatilities of and correlations between the selected Islamic stock indices of South East Asian countries and selected commodities for enhancing portfolio diversification benefits. Consistent with the results of our VECM, our analysis based on the application of the recent wavelet technique MODWT, indicates that the Singapore Islamic index is leading the other Islamic indices and the commodities. From the point of view of portfolio diversification benefits, based on the extent of dynamic correlations between variables, our results suggest that an investor should be aware that the Philippine Islami...

  • IF_Hub_Issue_2_ Impact_efficiency_on_discretionary_finance_loss_provision_Fakri_Buerhan_ShaikhHamzah_Ariff.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Shawtari, Fekri Ali; Saiti, Buerhan; Shaikh Abdul Razak, Shaikh Hamzah; Abdul Kareem, Mohamed Ariff (2017)

  • The issues of earning management has received attention from practitioners and academicians since the last couple of decades in banking sector. It is evident that bank managers practice the discretion in estimating loan/finance loss provisions for various motives such as reducing earnings variability (Agarwal, Chomsisengphet, Liu & Rhee, 2007; Kanagaretnam, 2004). Majority of the studies have been focusing on conventional banks, and only a few studies have focussed on Islamic banks, for instance, Zoubi and Al-Khazali (2007) and Othman and Mersni (2014). The significance of examining the issues in the context of Islamic banks stems from the fact that Islamic banks should not manage the...

  • impact_efficiency_discretionary_loans_finance_loss_provision_comparative_study_Islamic_conventional_banks_shaikh_ariff.pdf.jpg
  • Journal Article


  • Authors: Shawtari, Fekri Ali; Saiti, Buerhan; Shaikh Abdul Razak, Shaikh Hamzah; Abdul Kareem, Mohamed Ariff (2015)

  • The paper investigates whether there is a significance difference between the practices of discretionary loan/finance loss provisions between Islamic and conventional banks. Same time, the paper tests whether the efficiency may influence the behaviour of discretionary loans/finance loss provisions, taken into consideration other micro and macro variables. The study utilizes panel data runs over 1996-2011 with unbalanced observations for 16 banks, of which 4 Islamic banks. In order to achieve research objectives, the two-stage approach is adopted to examine the factors that may influence the behaviour of discretionary loan/finance loss provisions with specific emphasize on the efficien...

  • islamic_case_study_zakah_alleviating_poverty_through_tax_rebate_magda.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda; Saiti, Buerhan (2011)

  • From a mere glance at Muslim countries today, we realize that they are classified as third world countries even though they are adopting a secular system. The recent statistical data of 2009 shows that the majority of people who live below poverty are found in Muslim countries such as; Afghanistan 53%, Eritrea 50%, Yemen 45%, Bangladesh 45%, Sudan 40%, Pakistan 24%, Algeria 23%, Egypt 20%, Turkey 20%, and Indonesia 18%. Some scholars related this fact to the oppression, humiliation and the bad policies which had been imposed to almost all Muslim countries during colonization and which continued up to the present time. Others related this to the incompetence and the corruption on the p...

  • risk_taking_behavior_capital_adequacy_mixed_banking_system_hishamuddin_buerhan_saiful_mansur.pdf.jpg
  • Journal Article


  • Authors: Abdul Wahab, Hishamuddin; Saiti, Buerhan; Rosly, Saiful Azhar; Mohammed Masih, Abul Mansur (2017)

  • This study is the first attempt to investigate the relationship between the level of risky assets and capital level in a mixed Malaysian banking system covering 83 months starting December 2006. The results of dynamic OLS (DOLS) indicate positive relationship between capital ratio (CAR) and risk weighted asset ratio (RWA) in the long run. Furthermore, the causality analysis based on panel VECM and two-step dynamic System GMM indicates unidirectional causality from CAR to RWA. Our results further suggest that higher capital growth and capital buffer provide an extra cushion for the Malaysian banks to pursue relatively riskier financial activities, and the nature of risk taking behavior...

  • item.jpg
  • PhD


  • Authors: Saiti, Buerhan (2012)

  • This study is motivated by the desire to test empirically whether the contagion seen in conventional stock indexes are also present amongst Sharia'ah-compliant stock indexes. This study is the first attempt at testing whether there has been any contagion among the Shari'ah-compliant stock indexes during the most recent international financial crisis - the US subprime crisis of 2007-2009. The study uses a technique known as the "wavelet approach" which has been very recently imported to finance from engineering sciences ... Available in physical copy only (Call Number: t KBP 940.2 B928 )

  • IFHubEd6_testing_contagion_conventional_shariah_compliant_stock_indexes_buerhan.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Saiti, Buerhan (2017)

  • Recently there has been heightened concern over "contagion" in the conventional financial markets. This study is motivated by the desire to test empirically whether the contagion seen in conventional stock indexes are also present amongst Shari'ah-compliant stock indexes. A key issue in testing for both Islamic and conventional financial market contagion is to draw a distinction between "excessive" and normal co-movements across financial markets. A distinction between contagion and interdependence during periods of high volatility in financial markets has important implications for the asset allocation strategy of risk managers and for policymakers' optimal policy response to a crisi...

  • testing_conventional_islamic_financial_market_contagion_evidence_wavelet_analysis_obiyathulla_mansur.pdf.jpg
  • Journal Article


  • Authors: Saiti, Buerhan; Bacha, Obiyathulla Ismath; Mohammed Masih, Abul Mansur (2015)

  • This study is a first attempt at testing the extent of contagion for conventional and Shari’ah-compliant stock indices. We examine the period surrounding the U.S. subprime crisis of 2007–9 and the Lehman Brothers collapse of 2008 to determine the relative extent of contagion. We find no clear evidence of contagion during the subprime crisis however, during the Lehman collapse most conventional indices showed contagion. Interestingly, the Shari’ah-compliant indices mostly do not show evidence of contagion. Collectively, our results have important implications for fund managers in terms of asset allocation risk and policymakers seeking an optimal policy response to crises.

  • diversification_benefits_Islamic_investment_during_financial_turmoil_case_US-based_equity_investors_obiya_mm.pdf.jpg
  • Journal Article


  • Authors: Saiti, Buerhan; Bacha, Obiyathulla Ismath; Mohammed Masih, Abul Mansur (2014)

  • A major issue in both Islamic finance and conventional finance is whether the stocks to the volatilities in the asset returns are substitutes or complements in terms of taking risk. An understanding of how volatilities of and correlations between asset returns change over time including their directions (positive or negative) and size (stronger or weaker) is of crucial importance for both the domestic and international investors with a view to diversifying their portfolios for hedging against unforeseen risks. This study is the first attempt to advance the frontier of knowledge particularly in the fast growing field of Islamic Finance through the application of the recently-developed ...

  • Unveiling_the_diversification_benefits_of_Islamic_equities_and_commodities_mansur.pdf.jpg
  • Journal Article


  • Authors: Prima Sakti, Muhammad Rizky; Mohammed Masih, Abul Mansur; Saiti, Buerhan; Tareq, Mohammad Ali (2018)

  • The purpose of this paper is to examine the extent to which the Indonesian Shariah compliant investors can benefit from the portfolio diversification with the Islamic indices of its trading partners and selected commodities such as gold, crude oil, and cocoa. The findings tend to indicate that investors with exposure in Shariah compliant indices of Indonesia and wanting to gain more diversification benefits should invest either in the USA or India Islamic equity. Instead, the greater benefits will be obtained by Shariah compliant investors if they invest in the USA Islamic indices during long-term investment horizons. If investors want to invest in medium investment horizons, investin...

Browsing by Author Saiti, Buerhan

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 1 to 11 of 11
  • comovement_of_selective_conventional_and_Islamic_stock indices_buerhan_mansur.pdf.jpg
  • Journal Article


  • Authors: Saiti, Buerhan; Mohammed Masih, Abul Mansur (2016)

  • This paper investigates the dynamic causal linkages in the daily returns among four conventional and three Shariah compliant indices (such as, Financial Times Stock Exchange Shariah China Index, Asia Shariah Index, Malaysia EMAS Shariah Index, China Shanghai Stock Exchange [SSE] Composite Index, Hang Seng Index, Nikkei 225 and KOSPI) in Asia region through the application of the standard time series techniques. Essentially, the purpose of this research is to identify the extent of influence of conventional and Islamic, regional and international equity markets on Shariah-compliant equity investment in China. Our study is focused on investigating the following empirical questions: (i) ...

  • impact_of_crude_oil_price_on_Islamic_stock_indices_monir_buerhan_mansur.pdf.jpg
  • Journal Article


  • Authors: Abdullah, Ahmad Monir; Saiti, Buerhan; Mohammed Masih, Abul Mansur (2016)

  • This paper is the first attempt at testing the "time-varying" and "time-scale dependent" volatilities of and correlations between the selected Islamic stock indices of South East Asian countries and selected commodities for enhancing portfolio diversification benefits. Consistent with the results of our VECM, our analysis based on the application of the recent wavelet technique MODWT, indicates that the Singapore Islamic index is leading the other Islamic indices and the commodities. From the point of view of portfolio diversification benefits, based on the extent of dynamic correlations between variables, our results suggest that an investor should be aware that the Philippine Islami...

  • IF_Hub_Issue_2_ Impact_efficiency_on_discretionary_finance_loss_provision_Fakri_Buerhan_ShaikhHamzah_Ariff.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Shawtari, Fekri Ali; Saiti, Buerhan; Shaikh Abdul Razak, Shaikh Hamzah; Abdul Kareem, Mohamed Ariff (2017)

  • The issues of earning management has received attention from practitioners and academicians since the last couple of decades in banking sector. It is evident that bank managers practice the discretion in estimating loan/finance loss provisions for various motives such as reducing earnings variability (Agarwal, Chomsisengphet, Liu & Rhee, 2007; Kanagaretnam, 2004). Majority of the studies have been focusing on conventional banks, and only a few studies have focussed on Islamic banks, for instance, Zoubi and Al-Khazali (2007) and Othman and Mersni (2014). The significance of examining the issues in the context of Islamic banks stems from the fact that Islamic banks should not manage the...

  • impact_efficiency_discretionary_loans_finance_loss_provision_comparative_study_Islamic_conventional_banks_shaikh_ariff.pdf.jpg
  • Journal Article


  • Authors: Shawtari, Fekri Ali; Saiti, Buerhan; Shaikh Abdul Razak, Shaikh Hamzah; Abdul Kareem, Mohamed Ariff (2015)

  • The paper investigates whether there is a significance difference between the practices of discretionary loan/finance loss provisions between Islamic and conventional banks. Same time, the paper tests whether the efficiency may influence the behaviour of discretionary loans/finance loss provisions, taken into consideration other micro and macro variables. The study utilizes panel data runs over 1996-2011 with unbalanced observations for 16 banks, of which 4 Islamic banks. In order to achieve research objectives, the two-stage approach is adopted to examine the factors that may influence the behaviour of discretionary loan/finance loss provisions with specific emphasize on the efficien...

  • islamic_case_study_zakah_alleviating_poverty_through_tax_rebate_magda.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda; Saiti, Buerhan (2011)

  • From a mere glance at Muslim countries today, we realize that they are classified as third world countries even though they are adopting a secular system. The recent statistical data of 2009 shows that the majority of people who live below poverty are found in Muslim countries such as; Afghanistan 53%, Eritrea 50%, Yemen 45%, Bangladesh 45%, Sudan 40%, Pakistan 24%, Algeria 23%, Egypt 20%, Turkey 20%, and Indonesia 18%. Some scholars related this fact to the oppression, humiliation and the bad policies which had been imposed to almost all Muslim countries during colonization and which continued up to the present time. Others related this to the incompetence and the corruption on the p...

  • risk_taking_behavior_capital_adequacy_mixed_banking_system_hishamuddin_buerhan_saiful_mansur.pdf.jpg
  • Journal Article


  • Authors: Abdul Wahab, Hishamuddin; Saiti, Buerhan; Rosly, Saiful Azhar; Mohammed Masih, Abul Mansur (2017)

  • This study is the first attempt to investigate the relationship between the level of risky assets and capital level in a mixed Malaysian banking system covering 83 months starting December 2006. The results of dynamic OLS (DOLS) indicate positive relationship between capital ratio (CAR) and risk weighted asset ratio (RWA) in the long run. Furthermore, the causality analysis based on panel VECM and two-step dynamic System GMM indicates unidirectional causality from CAR to RWA. Our results further suggest that higher capital growth and capital buffer provide an extra cushion for the Malaysian banks to pursue relatively riskier financial activities, and the nature of risk taking behavior...

  • item.jpg
  • PhD


  • Authors: Saiti, Buerhan (2012)

  • This study is motivated by the desire to test empirically whether the contagion seen in conventional stock indexes are also present amongst Sharia'ah-compliant stock indexes. This study is the first attempt at testing whether there has been any contagion among the Shari'ah-compliant stock indexes during the most recent international financial crisis - the US subprime crisis of 2007-2009. The study uses a technique known as the "wavelet approach" which has been very recently imported to finance from engineering sciences ... Available in physical copy only (Call Number: t KBP 940.2 B928 )

  • IFHubEd6_testing_contagion_conventional_shariah_compliant_stock_indexes_buerhan.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Saiti, Buerhan (2017)

  • Recently there has been heightened concern over "contagion" in the conventional financial markets. This study is motivated by the desire to test empirically whether the contagion seen in conventional stock indexes are also present amongst Shari'ah-compliant stock indexes. A key issue in testing for both Islamic and conventional financial market contagion is to draw a distinction between "excessive" and normal co-movements across financial markets. A distinction between contagion and interdependence during periods of high volatility in financial markets has important implications for the asset allocation strategy of risk managers and for policymakers' optimal policy response to a crisi...

  • testing_conventional_islamic_financial_market_contagion_evidence_wavelet_analysis_obiyathulla_mansur.pdf.jpg
  • Journal Article


  • Authors: Saiti, Buerhan; Bacha, Obiyathulla Ismath; Mohammed Masih, Abul Mansur (2015)

  • This study is a first attempt at testing the extent of contagion for conventional and Shari’ah-compliant stock indices. We examine the period surrounding the U.S. subprime crisis of 2007–9 and the Lehman Brothers collapse of 2008 to determine the relative extent of contagion. We find no clear evidence of contagion during the subprime crisis however, during the Lehman collapse most conventional indices showed contagion. Interestingly, the Shari’ah-compliant indices mostly do not show evidence of contagion. Collectively, our results have important implications for fund managers in terms of asset allocation risk and policymakers seeking an optimal policy response to crises.

  • diversification_benefits_Islamic_investment_during_financial_turmoil_case_US-based_equity_investors_obiya_mm.pdf.jpg
  • Journal Article


  • Authors: Saiti, Buerhan; Bacha, Obiyathulla Ismath; Mohammed Masih, Abul Mansur (2014)

  • A major issue in both Islamic finance and conventional finance is whether the stocks to the volatilities in the asset returns are substitutes or complements in terms of taking risk. An understanding of how volatilities of and correlations between asset returns change over time including their directions (positive or negative) and size (stronger or weaker) is of crucial importance for both the domestic and international investors with a view to diversifying their portfolios for hedging against unforeseen risks. This study is the first attempt to advance the frontier of knowledge particularly in the fast growing field of Islamic Finance through the application of the recently-developed ...

  • Unveiling_the_diversification_benefits_of_Islamic_equities_and_commodities_mansur.pdf.jpg
  • Journal Article


  • Authors: Prima Sakti, Muhammad Rizky; Mohammed Masih, Abul Mansur; Saiti, Buerhan; Tareq, Mohammad Ali (2018)

  • The purpose of this paper is to examine the extent to which the Indonesian Shariah compliant investors can benefit from the portfolio diversification with the Islamic indices of its trading partners and selected commodities such as gold, crude oil, and cocoa. The findings tend to indicate that investors with exposure in Shariah compliant indices of Indonesia and wanting to gain more diversification benefits should invest either in the USA or India Islamic equity. Instead, the greater benefits will be obtained by Shariah compliant investors if they invest in the USA Islamic indices during long-term investment horizons. If investors want to invest in medium investment horizons, investin...