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Showing results 495 to 514 of 1213
  • the_impact_management_family_institution_zulkarnain.pdf.jpg
  • Journal Article


  • Authors: Osman, Mohammad Noor Hisham; Abdul Latiff, Ahmed Razman; Mat Daud, Zaidi; Muhamad Sori, Zulkarnain (2018)

  • Incidents where external auditors do not issue a going concern audit opinion (GC opinion) to companies having severe financial problems have been reported globally. This issue motivated this study : (i) to investigate the effect of selected auditor characteristics in terms of specialization, tenure, and fee on GC opinion issuance and (ii) to examine the moderating effect of management's, family's, and institution's influence on the relationship between auditor characteristics and GC opinion issuance. The study involves 644 Malaysian financially distressed listed companies in the period 2006 to 2012. The results of a panel logistic regression analysis show that auditor characteristics ...

  • impact_of_political _connections_irum_ariff_eskandar.pdf.jpg
  • Journal Article


  • Authors: Saba, Irum; Abdul Kareem, Mohamed Ariff; Mohd Rasid, Mohamed Eskandar Shah (2016)

  • Connections between politicians and business houses are not uncommon. Literature shows that firms tends to connect with politicians/political parties to get easy access to credit, to have lax regulatory oversight, to have preferential treatment for the government contracts and for having access to insider information. On the other hand a Shari'ah compliant firm is considered to perform ethically and justly due to adherence to the rules and regulations prescribed by Shari'ah. In recent years the research on political connections of Malaysian listed firms is increased. But the comparison of politically connected listed firms and Shari'ah compliant listed firms in Malaysia is lacking. Ma...

  • item.jpg
  • Master


  • Authors: Abdul Halim, Asyraf (2016)

  • This paper seeks to show empirical evidence on the relationship amongst excessive credit, real estate, inequality and current account imbalances by using the LSDVC estimator based on 10 countries with similar economic experiences between the years 2004 through 2012. The paper is motivated by the gap in the literature concerning this topic and the fact that there exists a myriad of previous works that demonstrate how the dominance of real estate, inequality and current account imbalances are natural side effects owing to economic growth in a country ... Available in physical copy only (Call Number: t HD 75 A861)

  • item.jpg
  • Journal Article


  • Authors: Ariff, Mohamed; Cheng, Fan Fah; Ramadili Mohd, Shamsher Mohamad (2017)

  • This paper reports evidence of significant abnormal returns in call and put options in the New York Stock Exchange around the disclosure time of two equity funding events. The delta values as risk of options are used to adjust gross returns of calls and puts to obtain adjusted abnormal returns. Theory suggests any stock price increases around private placement announcement dates would make calls to become in-the-money, so call prices should increase: conversely, puts would become out-of-money so put prices should be unaffected. Stock price declines around seasoned equity announcement dates would make put prices to increase since puts become in-the-money: call prices, having become out...

  • impact_social_environmental_sustainability_esma et al.pdf.jpg
  • Journal Article


  • Authors: Nizam, Esma; Ng, Adam Boon Ka; Dewandaru, Ginanjar; Nagayev, Ruslan; Nkoba, Malik Abdul Rahman (2019)

  • While there is ample evidence that non-financial firms' financial performance and social and environmental performance are related, evidence for the banking sector remains limited and inconclusive. This paper examines the impact of access to finance and environmental financing on the financial performance of the banking sector globally. Based on cross-sectional linear regressions and non-linear threshold regressions of 713 banks from 75 countries over the period 2013-2015, we find that access to finance has significantly positive effects on banks' financial performance in most estimation models controlling for both bank-specific and macroeconomic variables. The positive impact on fina...

  • item.jpg
  • Master


  • Authors: Hamour, Mohamed (2016)

  • The purpose of this study is to initiate a drive towards standardisation of Islamic finance terminology for academic use, encourage the use of search engine data in Islamic finance research and create a methodology for choosing research keywords special to Islamic finance. Islamic finance terminology is defined for the purposes of this study as the Arabic/Islamic terms unique to Islamic finance literature written in English. Because of its organic evolvement across different geographical regions, there is no standard spelling of these Islamic finance terms (IFTs) ... Kindly email to kmc@inceif.org to access the item.

  • impact_wakalah_system_performance_takaful_business_malaysia_saiful.pdf.jpg
  • Journal Article


  • Authors: Annuar, Hairul Azlan; Rosly, Saiful Azhar; Abdul Rashid, Hafiz Majdi (2006)

  • Marketing takaful products does not imply exploiting the religious factor alone. Equally important is the distribution channel. As a marketing tool the agency system is vital. Insurance agents who sell policies are not employees to the insurance operators. They work on commission basis and thus, motivated by the volume of sales made. By using agents, insurance companies can cut overhead costs and help expand markets without using or setting up new costly subsidiaries. The first Takaful operator in Malaysia, Syarikat Takaful Malaysia Berhad (STMB) did not use the agency system. STMB says that it is against the Shari[ah law to apply the contract of Agency (al Wakalah) in the takaful bus...

  • implementation_of_internal_control_system_among_Malaysian credit_zulkarnain.pdf.jpg
  • Journal Article


  • Authors: Ariffin, Aishah; Mohd Hanif, Farahaini; Ali, Salwana; Abdul Razak, Nor Alyani; Muhamad Sori, Zulkarnain (2016)

  • This study aims to examine the perception on internal control system (ICS) practices among Malaysian credit co-operatives. Specifically, this study provides input to those who are involved in developing ICS in co-operative namely, the Board Members (BOARD), Internal Audit Committee (IAC) and management staff. Using Malaysian Co-operative Societies Commission (MCSC) definition on classification of co-operatives, four groups of respondent cooperatives based on size of cooperatives were developed i.e. micro, small, medium and large. After eliminating with incomplete data, 536 co-operatives were selected to be included in this study, where, two questionnaires were mailed to co-operatives'...

  • implication_hawalah_Islamic_finance_practice_aishath.pdf.jpg
  • Journal Article


  • Authors: Al Raisi, Al Khansa Sulaiman Dawood; Rodriguez, Imelda; Tustikbayev, Miras; Omarova, Nazerke; Abdul Rahman, Waleeda; Muneeza, Aishath (2016)

  • This article aims at examining the concept of Hawalah and its contemporary applications in banking sector. For this purpose, the authors examine the conceptual and literal meaning of Hawalah and scrutinise its applications in two Malaysian banks. While Bank A is a dual bank which offers both conventional and Islamic banking, Bank B is a full-fledged Islamic bank. Results indicated that there is a general lack of awareness about the concept of Hawalah used by both banks. Although there is strong awareness of Islamic Shariah's strong prohibition on taking interest, the staff members are uninformed about the underlying concepts of Hawalah. In addition, the authors found that the hawalah-...

  • implications_of_risk_sharing_economy_on_development_abbas.pdf.jpg
  • Academic Presentation


  • Authors: Mirakhor, Abbas (2016)

  • The slides "Implications of risk sharing economy on development" presented by Professor Dr. Abbas Mirakhor at the 11th International Conference on Islamic Economics and Finance 2016 (11th ICIEF), Kuala Lumpur, Malaysia.

  • item.jpg
  • Master


  • Authors: Yasini, Marifatulhaq (2017)

  • This paper aims to propose a modality for the mitigating of Shari'ah non-compliance risk that may arise from voidable contract. Despite all the positive legal developments and achievements that are provided by the Islamic Finance laws that are enacted in the recent years, the question of voidable contracts (al-aqd al-fasid) remains a lacuna in the legal framework of Islamic finance. Although, in Malaysia the Contract Act (CA) 1950 provides a number of provisions that deal with voidable contracts, it does not look at the contract from the Islamic perspective. It provisions are restricted to the conventional system ... Available in physical copy only (Call Number: t BP 158.7 Q1 Y29)<...

  • IF_Hub_Issue_2_INCEIF_drives_recognition_Islamic_finance.pdf.jpg
  • Newsletter & Bulletin


  • Authors: - (2016-10)

  • INCEIF - The Global University of Islamic Finance-organised a two-day executive education programme titled ‘Why Islamic Finance Makes Business Sense’—in Tortola, British Virgin Islands. At the request of the Financial Services Commission of the British Virgin Islands, the INCEIF senior team led by its President & CEO Mr Daud Vicary Abdullah, Deputy President Academic Prof Datuk Dr Syed Othman Alhabshi, INCEIF Chair of Islamic Finance Prof Dr Abbas Mirakhor and Director Centre of Research & Publication Assoc Prof Dr Baharom were on ground to provide insight into how Islamic finance creates equitable economic growth.

  • incentive_compatible_sukuk_musharakah_private_sector_funding_ahcene_obiyathulla.pdf.jpg
  • Journal Article


  • Authors: Diaw, Abdou; Bacha, Obiyathulla Ismath; Lahsasna, Ahcene (2012)

  • Despite the huge potential on both the demand and supply sides of the sukuk market, the current sukukstructures fall short of adequately meeting the market’s needs as the Shari'ah compliance of many of them and/or their economic efficiency are questionable. Even though partnership-based sukuk are claimed to reflect the true spirit of Islamic finance, their underuse as a financing instrument is a notable fact. Such a situation, if not addressed, will impede the development of the sukuk market in the future. This paper proposes an innovative sukuk musharakah model for consideration by companies and revenue generating infrastructure projects. The model has an incentive-compatible feature...

  • IFHubEd7_inclusion_faith_based_financial_islamic_social_finance_magda_aishath.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Magda, Ismail Abdel Mohsin; Muneeza, Aishath (2017)

  • In 2015, countries adopted 17 Sustainable Development Goals (SDGs), to comprehend the partial success of the Millennium Development Goals (MDGs) of 2000-2015, in achieving its agenda and ending all forms of poverty by 2030. One of the main objective of the SDGs is that, ending poverty must go hand-in-hand with strategies that build economic growth and addresses a range of social needs including education, health, social protection, and creating job opportunities, while tackling climate change and environmental protection. The beauty of this new SDGs involve almost all countries, all people, partners, stakeholders, shareholders, governments, multilaterals, the private sector and the ci...

  • inclusion of islamic social financial institutions_magda et al.pdf.jpg
  • Academic Proceeding


  • Authors: Ismail Abdel Mohsin, Magda; Shaikh Abdul Razak, Shaikh Hamzah; Alhabshi, Syed Othman; Seyed Sadr, Seyed Kazem (2017)

  • The hard core poor are neither bankable nor covered against risks. Whilst micro-finance seems to solve financial inclusion for this group to some extent, albeit at very high costs, very little have been done to provide sufficient cover against risks of all sorts for this group. Some attempts at developing micro-takaful are actually in the pipeline, however, very little concrete and practical solutions have emerged so far. It is of course well-known that Islamic Social Financial Institutions (ISFI), namely zakah, waqf, infaq and qard-hassan are meant to directly benefit the less fortunate in society, but little has been done to ensure that they directly benefit from these institutions....

  • IFHubEd5_income_inequality_reduction_magda.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ismail Abdel Mohsin, Magda (2017)

  • According to the World Bank Statistics (2012) more than 80% of the world's population live in countries where income inequality is very wide. The latest Oxfam report shows that the richest 1% of the world population holds over 50% of the world's wealth. This means that 62 richest people own an estimated wealth of US$1.76 trillion which is equivalent to the wealth of 3.5 billion people who make the poorest half of the world population (2015). The failure of the capitalist system in reducing this income inequality encourages economists to provide justification for this huge gap between the rich and the poor. Some economists believe that the main causes of this income inequalities is due...

  • incorporating_sustainability_criteria_islamic_investment_framework.pdf.jpg
  • Academic Presentation


  • Authors: Ng, Adam Boon Ka; Dewandaru, Ginanjar (2017)

  • The slides highlight: 1) enhancing responsible business and sustainability practices; 2) enhancing positive impact while minimizing negative impact; 3) incorporating sustainability demands big data and robust research methodology.

Browsing by Title

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 495 to 514 of 1213
  • the_impact_management_family_institution_zulkarnain.pdf.jpg
  • Journal Article


  • Authors: Osman, Mohammad Noor Hisham; Abdul Latiff, Ahmed Razman; Mat Daud, Zaidi; Muhamad Sori, Zulkarnain (2018)

  • Incidents where external auditors do not issue a going concern audit opinion (GC opinion) to companies having severe financial problems have been reported globally. This issue motivated this study : (i) to investigate the effect of selected auditor characteristics in terms of specialization, tenure, and fee on GC opinion issuance and (ii) to examine the moderating effect of management's, family's, and institution's influence on the relationship between auditor characteristics and GC opinion issuance. The study involves 644 Malaysian financially distressed listed companies in the period 2006 to 2012. The results of a panel logistic regression analysis show that auditor characteristics ...

  • impact_of_political _connections_irum_ariff_eskandar.pdf.jpg
  • Journal Article


  • Authors: Saba, Irum; Abdul Kareem, Mohamed Ariff; Mohd Rasid, Mohamed Eskandar Shah (2016)

  • Connections between politicians and business houses are not uncommon. Literature shows that firms tends to connect with politicians/political parties to get easy access to credit, to have lax regulatory oversight, to have preferential treatment for the government contracts and for having access to insider information. On the other hand a Shari'ah compliant firm is considered to perform ethically and justly due to adherence to the rules and regulations prescribed by Shari'ah. In recent years the research on political connections of Malaysian listed firms is increased. But the comparison of politically connected listed firms and Shari'ah compliant listed firms in Malaysia is lacking. Ma...

  • item.jpg
  • Master


  • Authors: Abdul Halim, Asyraf (2016)

  • This paper seeks to show empirical evidence on the relationship amongst excessive credit, real estate, inequality and current account imbalances by using the LSDVC estimator based on 10 countries with similar economic experiences between the years 2004 through 2012. The paper is motivated by the gap in the literature concerning this topic and the fact that there exists a myriad of previous works that demonstrate how the dominance of real estate, inequality and current account imbalances are natural side effects owing to economic growth in a country ... Available in physical copy only (Call Number: t HD 75 A861)

  • item.jpg
  • Journal Article


  • Authors: Ariff, Mohamed; Cheng, Fan Fah; Ramadili Mohd, Shamsher Mohamad (2017)

  • This paper reports evidence of significant abnormal returns in call and put options in the New York Stock Exchange around the disclosure time of two equity funding events. The delta values as risk of options are used to adjust gross returns of calls and puts to obtain adjusted abnormal returns. Theory suggests any stock price increases around private placement announcement dates would make calls to become in-the-money, so call prices should increase: conversely, puts would become out-of-money so put prices should be unaffected. Stock price declines around seasoned equity announcement dates would make put prices to increase since puts become in-the-money: call prices, having become out...

  • impact_social_environmental_sustainability_esma et al.pdf.jpg
  • Journal Article


  • Authors: Nizam, Esma; Ng, Adam Boon Ka; Dewandaru, Ginanjar; Nagayev, Ruslan; Nkoba, Malik Abdul Rahman (2019)

  • While there is ample evidence that non-financial firms' financial performance and social and environmental performance are related, evidence for the banking sector remains limited and inconclusive. This paper examines the impact of access to finance and environmental financing on the financial performance of the banking sector globally. Based on cross-sectional linear regressions and non-linear threshold regressions of 713 banks from 75 countries over the period 2013-2015, we find that access to finance has significantly positive effects on banks' financial performance in most estimation models controlling for both bank-specific and macroeconomic variables. The positive impact on fina...

  • item.jpg
  • Master


  • Authors: Hamour, Mohamed (2016)

  • The purpose of this study is to initiate a drive towards standardisation of Islamic finance terminology for academic use, encourage the use of search engine data in Islamic finance research and create a methodology for choosing research keywords special to Islamic finance. Islamic finance terminology is defined for the purposes of this study as the Arabic/Islamic terms unique to Islamic finance literature written in English. Because of its organic evolvement across different geographical regions, there is no standard spelling of these Islamic finance terms (IFTs) ... Kindly email to kmc@inceif.org to access the item.

  • impact_wakalah_system_performance_takaful_business_malaysia_saiful.pdf.jpg
  • Journal Article


  • Authors: Annuar, Hairul Azlan; Rosly, Saiful Azhar; Abdul Rashid, Hafiz Majdi (2006)

  • Marketing takaful products does not imply exploiting the religious factor alone. Equally important is the distribution channel. As a marketing tool the agency system is vital. Insurance agents who sell policies are not employees to the insurance operators. They work on commission basis and thus, motivated by the volume of sales made. By using agents, insurance companies can cut overhead costs and help expand markets without using or setting up new costly subsidiaries. The first Takaful operator in Malaysia, Syarikat Takaful Malaysia Berhad (STMB) did not use the agency system. STMB says that it is against the Shari[ah law to apply the contract of Agency (al Wakalah) in the takaful bus...

  • implementation_of_internal_control_system_among_Malaysian credit_zulkarnain.pdf.jpg
  • Journal Article


  • Authors: Ariffin, Aishah; Mohd Hanif, Farahaini; Ali, Salwana; Abdul Razak, Nor Alyani; Muhamad Sori, Zulkarnain (2016)

  • This study aims to examine the perception on internal control system (ICS) practices among Malaysian credit co-operatives. Specifically, this study provides input to those who are involved in developing ICS in co-operative namely, the Board Members (BOARD), Internal Audit Committee (IAC) and management staff. Using Malaysian Co-operative Societies Commission (MCSC) definition on classification of co-operatives, four groups of respondent cooperatives based on size of cooperatives were developed i.e. micro, small, medium and large. After eliminating with incomplete data, 536 co-operatives were selected to be included in this study, where, two questionnaires were mailed to co-operatives'...

  • implication_hawalah_Islamic_finance_practice_aishath.pdf.jpg
  • Journal Article


  • Authors: Al Raisi, Al Khansa Sulaiman Dawood; Rodriguez, Imelda; Tustikbayev, Miras; Omarova, Nazerke; Abdul Rahman, Waleeda; Muneeza, Aishath (2016)

  • This article aims at examining the concept of Hawalah and its contemporary applications in banking sector. For this purpose, the authors examine the conceptual and literal meaning of Hawalah and scrutinise its applications in two Malaysian banks. While Bank A is a dual bank which offers both conventional and Islamic banking, Bank B is a full-fledged Islamic bank. Results indicated that there is a general lack of awareness about the concept of Hawalah used by both banks. Although there is strong awareness of Islamic Shariah's strong prohibition on taking interest, the staff members are uninformed about the underlying concepts of Hawalah. In addition, the authors found that the hawalah-...

  • implications_of_risk_sharing_economy_on_development_abbas.pdf.jpg
  • Academic Presentation


  • Authors: Mirakhor, Abbas (2016)

  • The slides "Implications of risk sharing economy on development" presented by Professor Dr. Abbas Mirakhor at the 11th International Conference on Islamic Economics and Finance 2016 (11th ICIEF), Kuala Lumpur, Malaysia.

  • item.jpg
  • Master


  • Authors: Yasini, Marifatulhaq (2017)

  • This paper aims to propose a modality for the mitigating of Shari'ah non-compliance risk that may arise from voidable contract. Despite all the positive legal developments and achievements that are provided by the Islamic Finance laws that are enacted in the recent years, the question of voidable contracts (al-aqd al-fasid) remains a lacuna in the legal framework of Islamic finance. Although, in Malaysia the Contract Act (CA) 1950 provides a number of provisions that deal with voidable contracts, it does not look at the contract from the Islamic perspective. It provisions are restricted to the conventional system ... Available in physical copy only (Call Number: t BP 158.7 Q1 Y29)<...

  • IF_Hub_Issue_2_INCEIF_drives_recognition_Islamic_finance.pdf.jpg
  • Newsletter & Bulletin


  • Authors: - (2016-10)

  • INCEIF - The Global University of Islamic Finance-organised a two-day executive education programme titled ‘Why Islamic Finance Makes Business Sense’—in Tortola, British Virgin Islands. At the request of the Financial Services Commission of the British Virgin Islands, the INCEIF senior team led by its President & CEO Mr Daud Vicary Abdullah, Deputy President Academic Prof Datuk Dr Syed Othman Alhabshi, INCEIF Chair of Islamic Finance Prof Dr Abbas Mirakhor and Director Centre of Research & Publication Assoc Prof Dr Baharom were on ground to provide insight into how Islamic finance creates equitable economic growth.

  • incentive_compatible_sukuk_musharakah_private_sector_funding_ahcene_obiyathulla.pdf.jpg
  • Journal Article


  • Authors: Diaw, Abdou; Bacha, Obiyathulla Ismath; Lahsasna, Ahcene (2012)

  • Despite the huge potential on both the demand and supply sides of the sukuk market, the current sukukstructures fall short of adequately meeting the market’s needs as the Shari'ah compliance of many of them and/or their economic efficiency are questionable. Even though partnership-based sukuk are claimed to reflect the true spirit of Islamic finance, their underuse as a financing instrument is a notable fact. Such a situation, if not addressed, will impede the development of the sukuk market in the future. This paper proposes an innovative sukuk musharakah model for consideration by companies and revenue generating infrastructure projects. The model has an incentive-compatible feature...

  • IFHubEd7_inclusion_faith_based_financial_islamic_social_finance_magda_aishath.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Magda, Ismail Abdel Mohsin; Muneeza, Aishath (2017)

  • In 2015, countries adopted 17 Sustainable Development Goals (SDGs), to comprehend the partial success of the Millennium Development Goals (MDGs) of 2000-2015, in achieving its agenda and ending all forms of poverty by 2030. One of the main objective of the SDGs is that, ending poverty must go hand-in-hand with strategies that build economic growth and addresses a range of social needs including education, health, social protection, and creating job opportunities, while tackling climate change and environmental protection. The beauty of this new SDGs involve almost all countries, all people, partners, stakeholders, shareholders, governments, multilaterals, the private sector and the ci...

  • inclusion of islamic social financial institutions_magda et al.pdf.jpg
  • Academic Proceeding


  • Authors: Ismail Abdel Mohsin, Magda; Shaikh Abdul Razak, Shaikh Hamzah; Alhabshi, Syed Othman; Seyed Sadr, Seyed Kazem (2017)

  • The hard core poor are neither bankable nor covered against risks. Whilst micro-finance seems to solve financial inclusion for this group to some extent, albeit at very high costs, very little have been done to provide sufficient cover against risks of all sorts for this group. Some attempts at developing micro-takaful are actually in the pipeline, however, very little concrete and practical solutions have emerged so far. It is of course well-known that Islamic Social Financial Institutions (ISFI), namely zakah, waqf, infaq and qard-hassan are meant to directly benefit the less fortunate in society, but little has been done to ensure that they directly benefit from these institutions....

  • IFHubEd5_income_inequality_reduction_magda.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ismail Abdel Mohsin, Magda (2017)

  • According to the World Bank Statistics (2012) more than 80% of the world's population live in countries where income inequality is very wide. The latest Oxfam report shows that the richest 1% of the world population holds over 50% of the world's wealth. This means that 62 richest people own an estimated wealth of US$1.76 trillion which is equivalent to the wealth of 3.5 billion people who make the poorest half of the world population (2015). The failure of the capitalist system in reducing this income inequality encourages economists to provide justification for this huge gap between the rich and the poor. Some economists believe that the main causes of this income inequalities is due...

  • incorporating_sustainability_criteria_islamic_investment_framework.pdf.jpg
  • Academic Presentation


  • Authors: Ng, Adam Boon Ka; Dewandaru, Ginanjar (2017)

  • The slides highlight: 1) enhancing responsible business and sustainability practices; 2) enhancing positive impact while minimizing negative impact; 3) incorporating sustainability demands big data and robust research methodology.