Browsing by Dates

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Showing results 1 to 10 of 938
  • 270317 - ISLAMIC FINANCE, DEVELOPMENT & GROWTH.pdf.jpg
  • Academic Presentation


  • Alhabshi, Syed Othman (2017-03-27)

  • The slides "Islamic finance in Malaysia: development and growth" presented by Prof. Datuk Dr. Syed Othman Alhabshi to the Delegates from Ministry of Finance, Ghana, at INCEIF.

  • replacing_the_interest_rate_mechanism_in_monetary_policy_norhanim_abbas_khairul.pdf.jpg
  • Academic Proceeding


  • Mat Sari, Norhanim; Mirakhor, Abbas; Mohd Subky, Khairul Hafidzi (2017)

  • The current macroeconomic policies in Malaysia follow conventional model based on the risk-transfer and/or risk-shifting paradigm, as opposed to risk-sharing principles proposed in Islamic finance. Malaysia’s monetary policy relies and operates through short-term interest rates which is currently called the overnight policy rate (OPR) to achieve price stability. In order to become a global leader and an indisputable global hub for Islamic finance, there is a need to develop an alternative monetary policy framework for Malaysia that is Shariahbased. One of the key elements in doing so is to come up with an alternative Islamic Pricing Benchmark (IPB) that is free from interest rates. Here, we consider using equity risk premium, which is an important concept in promoting risk-sharing throu...

  • item.jpg
  • Industry Article


  • Vicary Abdullah, Daud (2017)

  • As many of you will have heard, I shall be retiring from INCEIF shortly. This does not mean that I am retiring from Islamic Finance and Life in general. It does mean I shall be able to spend some more time with family and to reflect and act on some key focus areas with which I will still continue to be engaged. Make no mistake, I shall remain involved at INCEIF, but just in a different role.

  • risk_taking_behavior_capital_adequacy_mixed_banking_system_hishamuddin_buerhan_saiful_mansur.pdf.jpg
  • Journal Article


  • 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 of Islamic banks follows that of the conventional banks.

  • item.jpg
  • Industry Article


  • Vicary Abdullah, Daud (2017)

  • This month I would like to build on the discussions we have been having over the last few months and reflect on the work we have to do in order to further promote the values of Islamic Finance. In the past month I have had the opportunity to address audiences at conferences, run workshops and discussion groups, contribute at panel discussions as well as some face to face discussions in Zurich, Geneva, Kuala Lumpur and London. Much of what I have been speaking about is based on Relevance, Trust and Impact #RTI, which I discussed at some length last month. In addition to that I have been painting a picture of the alignment between the 17 UN SDG's and the objectives of the Maqasid al Shariah. I could burden you with the numerous observations and anecdotes from all the interactions over...

  • item.jpg
  • Industry Article


  • Vicary Abdullah, Daud (2017)

  • This month I would like to use a theme that I have been using for several months now, which appears to resonate quite well with many different types of audiences all over the world. That theme is "Relevance, Trust and Impact." Relevance applies to individuals as well as Corporations. I recall a discussion I had with a leading Shari'a scholar several months ago, where he was citing the Quran and the importance of remaining relevant at all times. He was using this in the context of a growing concern he held that many of his fellow scholars were becoming increasingly irrelevant to the needs of humanity in the 21st Century! This discussion got me focused and it started to get me thinking about myself, my organisation and, indeed, what my next steps should be.

  • item.jpg
  • Industry Article


  • Vicary Abdullah, Daud (2017)

  • I would like to turn my attention this month to area of our business that is gaining in traction and requires considerable thought, analysis and attention. This relates primarily to technology, otherwise known as FINTECH, and how it relates to the real world and the real economy. I must confess that, as someone in their 60's, I cannot claim to have any particular expertise in this area. However, I would like to make some observations (based purely on my experience) and to promote not only a discussion but also to speed up the process of realisation.

  • item.jpg
  • Industry Article


  • Vicary, Daud Abdullah (2017)

  • This 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 comm...

  • item.jpg
  • Industry Article


  • Vicary Abdullah, Daud (2017)

  • This month I would like to focus on the opportunities that we have ahead of us, so long as we remain patient, persistent and focused on making an impact. Overall, I would like to take a brief look at 4 areas that I believe will be critical during 2017 to take us further forward and into the great wide open. All of them could be tied back to my EPL theory (Education, Perception and Liquidity). All of them have the capability of having sustainable impact.

  • do_we_need_bigger_islamic_banks_assessment_bank_stability_mansoribrahim_syedaun.pdf.jpg
  • Journal Article


  • Ibrahim, Mansor H.; Rizvi, Syed Aun R. (2017)

  • In this paper, we evaluate from the stability point of view whether Islamic banks should stay small or should be bigger. More specifically, in relating bank stability to bank size, we examine potential non-linear effects of size on bank soundness and the roles regulation plays in strengthening or weakening the size-stability relation using a panel sample of 45 Islamic banks from 13 countries. Our results show that larger Islamic banks are more stable, at least when they surpass a certain threshold size. As regards regulation, activity restrictions and capital stringency play a role in strengthening the stability-size relation. By contrast, the positive stability-size relation is weakened with more private monitoring and supervisory power. Hence, our results point to the benefits of havi...

Browsing by Dates

Showing results 1 to 10 of 938
  • 270317 - ISLAMIC FINANCE, DEVELOPMENT & GROWTH.pdf.jpg
  • Academic Presentation


  • Alhabshi, Syed Othman (2017-03-27)

  • The slides "Islamic finance in Malaysia: development and growth" presented by Prof. Datuk Dr. Syed Othman Alhabshi to the Delegates from Ministry of Finance, Ghana, at INCEIF.

  • replacing_the_interest_rate_mechanism_in_monetary_policy_norhanim_abbas_khairul.pdf.jpg
  • Academic Proceeding


  • Mat Sari, Norhanim; Mirakhor, Abbas; Mohd Subky, Khairul Hafidzi (2017)

  • The current macroeconomic policies in Malaysia follow conventional model based on the risk-transfer and/or risk-shifting paradigm, as opposed to risk-sharing principles proposed in Islamic finance. Malaysia’s monetary policy relies and operates through short-term interest rates which is currently called the overnight policy rate (OPR) to achieve price stability. In order to become a global leader and an indisputable global hub for Islamic finance, there is a need to develop an alternative monetary policy framework for Malaysia that is Shariahbased. One of the key elements in doing so is to come up with an alternative Islamic Pricing Benchmark (IPB) that is free from interest rates. Here, we consider using equity risk premium, which is an important concept in promoting risk-sharing throu...

  • item.jpg
  • Industry Article


  • Vicary Abdullah, Daud (2017)

  • As many of you will have heard, I shall be retiring from INCEIF shortly. This does not mean that I am retiring from Islamic Finance and Life in general. It does mean I shall be able to spend some more time with family and to reflect and act on some key focus areas with which I will still continue to be engaged. Make no mistake, I shall remain involved at INCEIF, but just in a different role.

  • risk_taking_behavior_capital_adequacy_mixed_banking_system_hishamuddin_buerhan_saiful_mansur.pdf.jpg
  • Journal Article


  • 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 of Islamic banks follows that of the conventional banks.

  • item.jpg
  • Industry Article


  • Vicary Abdullah, Daud (2017)

  • This month I would like to build on the discussions we have been having over the last few months and reflect on the work we have to do in order to further promote the values of Islamic Finance. In the past month I have had the opportunity to address audiences at conferences, run workshops and discussion groups, contribute at panel discussions as well as some face to face discussions in Zurich, Geneva, Kuala Lumpur and London. Much of what I have been speaking about is based on Relevance, Trust and Impact #RTI, which I discussed at some length last month. In addition to that I have been painting a picture of the alignment between the 17 UN SDG's and the objectives of the Maqasid al Shariah. I could burden you with the numerous observations and anecdotes from all the interactions over...

  • item.jpg
  • Industry Article


  • Vicary Abdullah, Daud (2017)

  • This month I would like to use a theme that I have been using for several months now, which appears to resonate quite well with many different types of audiences all over the world. That theme is "Relevance, Trust and Impact." Relevance applies to individuals as well as Corporations. I recall a discussion I had with a leading Shari'a scholar several months ago, where he was citing the Quran and the importance of remaining relevant at all times. He was using this in the context of a growing concern he held that many of his fellow scholars were becoming increasingly irrelevant to the needs of humanity in the 21st Century! This discussion got me focused and it started to get me thinking about myself, my organisation and, indeed, what my next steps should be.

  • item.jpg
  • Industry Article


  • Vicary Abdullah, Daud (2017)

  • I would like to turn my attention this month to area of our business that is gaining in traction and requires considerable thought, analysis and attention. This relates primarily to technology, otherwise known as FINTECH, and how it relates to the real world and the real economy. I must confess that, as someone in their 60's, I cannot claim to have any particular expertise in this area. However, I would like to make some observations (based purely on my experience) and to promote not only a discussion but also to speed up the process of realisation.

  • item.jpg
  • Industry Article


  • Vicary, Daud Abdullah (2017)

  • This 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 comm...

  • item.jpg
  • Industry Article


  • Vicary Abdullah, Daud (2017)

  • This month I would like to focus on the opportunities that we have ahead of us, so long as we remain patient, persistent and focused on making an impact. Overall, I would like to take a brief look at 4 areas that I believe will be critical during 2017 to take us further forward and into the great wide open. All of them could be tied back to my EPL theory (Education, Perception and Liquidity). All of them have the capability of having sustainable impact.

  • do_we_need_bigger_islamic_banks_assessment_bank_stability_mansoribrahim_syedaun.pdf.jpg
  • Journal Article


  • Ibrahim, Mansor H.; Rizvi, Syed Aun R. (2017)

  • In this paper, we evaluate from the stability point of view whether Islamic banks should stay small or should be bigger. More specifically, in relating bank stability to bank size, we examine potential non-linear effects of size on bank soundness and the roles regulation plays in strengthening or weakening the size-stability relation using a panel sample of 45 Islamic banks from 13 countries. Our results show that larger Islamic banks are more stable, at least when they surpass a certain threshold size. As regards regulation, activity restrictions and capital stringency play a role in strengthening the stability-size relation. By contrast, the positive stability-size relation is weakened with more private monitoring and supervisory power. Hence, our results point to the benefits of havi...