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Showing results 575 to 594 of 1687
  • financialization_of_the_economy_and_income_inequality_in_selected_OIC_and_OECD_countries_Fatima_Baharom.jpg.jpg
  • Book


  • Authors: Fatima Muhammad Abdulkarim; Abbas Mirakhor; Baharom Abdul Hamid (2019)

  • Income inequality is a serious problem confronting not only the developed world but also developing countries. Recently, financialization has been one of the culprits identified in literature as one of the cause of income inequality. This book offers the only detailed presentation of the how financialization aided the spread of income inequality in Organization of Islamic Cooperation, OIC countries. Finance has taking a center stage in the affairs of most developing economies, surpassing the real sector of the economy. The result is the creation of an indebted society in which people are comfortable with financing their financial needs through credit. This creates a debt laden society...

  • item.jpg
  • PhD


  • Authors: Tarik Akin (2017)

  • Wealth inequality has been a core field of research in economics in the post-Global Financial Crisis era since it is an important driver of economic/financial crises and inhibits long-term growth. Compelling evidence indicates that wealth inequality has been increasing over and above income inequality but traditional theories of inequality lack in explaining the causes of such an increase in wealth inequality. This study shows that interest-based debt contracts may be the underlying cause of wealth inequality. The study discusses that asset-based redistribution, which targets the re-distribution of wealth through re-designation of financial contracts, has pronounced advantages over an...

  • financing_galvanizing_IDLE_waqf_properties_into_income_generating_properties_shaikh_magda.pdf.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda; Shaikh Abdul Razak, Shaikh Hamzah (2017)

  • The main objective of this study is to present the current successful cases in making a revolution reform of the old and idle waqf properties into income generating properties in Muslim and Muslim minority countries. These reforms include providing services to the community, opening jobs for the majority of people, funding small entrepreneurs, educating the mass, taking care of the health of the people, and sheltering the poor and needy in the different countries. Case under studies are: Turkey, Malaysia, Singapore, Sudan, Indonesia, New Zealanf, Kuwait, India, Pakistan and Bangladesh.

  • financing_economic_growth_stability_islamic_perspective_zubair_othman.pdf.jpg
  • Journal Article


  • Authors: Shaukat, Mughees; Hasan, Zubair; Alhabshi, Syed Othman (2014)

  • Evidence has been mounting that the interest-based debt financing regime is under increasing distress. Evidence also suggests that the financial crises, whatever title they carried - exchange rate crisis or banking crisis – have been debt related crises in essence. At present, data suggest that the debt-to-GDP ratio of the richest members of the G-20 is expected to reach 120% mark by 2014. There is also evidence that out of securities worth US$ 200 trillion in the global economy, no less than three-fourth represent interest-based debt. It is difficult to see how this massive debt volume can be validated by the underlying productive capacity of the global economy. This picture becomes ...

  • financing_strategies_apparel_zulkarnain et al.jpg.jpg
  • Book


  • Authors: Shaharunizam Mohd Shah; Reza Shermizi Mohd Adzmi; Zulkarnain Muhamad Sori; Sazali Abdul Wahab; Abu Sofian Yaacob (2018)

  • This book was written in a case study appraoch which has been successfully proven as an effective tool in teaching and learning process, particularly at the postgraduate level. Its function is to business scenarios, and relevant issues faced by aspiring entrepreneurs. Therefore, building on real case studies developed from the apparel and clothing industry's setting and supported by the authors' own experiences, this book hopes to stimulate the interests and passions in case study writing for the further development of effective learning approaches through case studies among students, academics, and practitioners ...

  • financing_development_old_waqf_properties.pdf.jpg
  • Academic Presentation


  • Authors: Ismail Abdel Mohsin, Magda (2017)

  • The slides highlight: 1) definition of waqf; 2) current scenation of waqf; 3) transforming old waqf properties into productive waqf.

  • Financing the development of old waqf properties.pdf.jpg
  • Book


  • Authors: Magda Ismail Abdel Mohsin; Hisham Dafterdar; Murat Cizakca; Syed Othman Alhabshi; Shaikh Hamzah Shaikh Abdul Razak; Seyed Kazem Sadr; Thamina Anwar; Mohammed Obaidullah (2016)

  • This book presents successful case studies in Muslim and Muslim minority countries that have revolutionized the redevelopment of idle waqf properties into productive land trusts. The revival of this institution over the last two decades shows the growing optimism in galvanizing the socioeconomic role of waqf by adopting its flexible shariah measures. Innovative ways of financing redevelopment allow Muslims to extend these roles to include new beneficiaries. New uses for these properties include providing services to the community, opening jobs for the majority of people, funding small entrepreneurs, educating the masses, providing health care, and sheltering the poor and needy.

  • financing_through_cash_waqf_revitalization_finance_different_needs_magda.pdf.jpg
  • Journal Article


  • Authors: Magda Ismail Abdel Mohsin (2013)

  • Recently the revival of the institution of waqf took a movable form especially in terms of the creation of cash waqf which found its ways as one of the financial institutions financing different goods and services in the different countries. In an attempt to enrich the literature on this area, this study is an extension to the authors' work, focusing mainly on the different goods and services provided by different cash waqf schemes in Muslim and Muslim minority countries without depending on the government to provide their needs. The paper aims to discuss these issues. This study uses data collected from primary sources including text from the Hadith, while data collected from seconda...

  • Findings_of_the_Sukuk_market_development_project_Aishath.pdf.jpg
  • Industry Article


  • Authors: Aishath Muneeza (2013)

  • Though the Maldives is a 100% Muslim country, the financial system of the country is still based on conventional methods and laws. The formal initiative to develop an Islamic capital market in the country was initiated by the Capital Market Development Authority (CDMA) in 2011. But even before 2011, the IDB has been a key driving force behind establishing an Islamic bank in the Maldives.

  • item.jpg
  • Industry Article


  • Authors: 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.

  • fintech_technology_application_financial_product_ecosystem_ziyaad_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed; Shamsher Mohamad Ramadili Mohd (-)

  • Recent success in the technology sector has witnessed the transformation of start-up companies with relatively small or no seed capital into billion-dollar companies within a very short-space of time. From the advent of taxi-hailing apps (aka Uber, Lyft and Grabcar) to accommodation (eg. Airbnb), smartphone applications and web-based platform provide the evidence of this growing phenomena. The application of technology in the financial sector has 'disrupted' the traditional 'brick-and-mortar' style distribution channels and if not embraced, would cause the current financial sector to lose a substantial portion of their businesses (estimated between 20% to 40%) to firms using 'fintech'...

  • The fiqh characterization of ijarah mawsufah fi al-dhimmah_Said_Adekunle.pdf.jpg
  • Journal Article


  • Authors: Sa'id Adekunle Mikail (2013)

  • The application of the Shari'ah principle of ijarah mawsufah fi al-dhimmah (forward lease) can be traced back to the early days of Islam. It is derived from the original contract of ijarah (lease), which has been widely used in the structuring of Islamic financial transactions to cater for various Muslim and non-Muslim needs over time. Thus, the classical books of Islamic jurisprudence have amply discussed its applications in various forms according to the prevailing circumstances. Today, ijarah mawsufah fi al-dhimmah is applied in the offering of various services in the Islamic finance industry relating to education, medical treatment, tourism, hajj and 'umrah, among others. Neverthe...

  • PhD_fiqhi_analysis_tradability_Islamic_securities_based_Farrukh_Habib.pdf.jpg
  • PhD


  • Authors: Farrukh Habib (2016)

  • Due to the fact that Islamic financial securities may consist of ribawi (cash and debt) underlying assets, it is crucially important to discern whether or not the trading of these securities is subject to the Shari'ah rules for bay' al-sarf and bay' al-dayn. If they do not then what criterion is pertinent to their secondary trading; and on what jurisprudential basis? In answer to that question, the current scholarly views and suggested Shari'ah criteria for tradability of Islamic securities are not only diverse, but also at times incongruous with one another. Based on the qualitative approach of text analysis and semi-structured-interviews, this study critically analyse this issue ......

  • firms_credit ratings_corporate_governance_malaysia_ng et al.jpg.jpg
  • Chapter in Book


  • Authors: Ng Yan Ling; Zulkarnain Muhamad Sori; Shamsher Mohamad Ramadili Mohd (2012)

  • In the first two-thirds of the 1990s, Malaysia experienced rapid economic growth at an average annual Gross Domestic Product (GOP) growth of 8.5%; due to its financial liberalization policy that encourage greater participation of foreign direct investment and strengthening condition of exports. This rapid growth came to a halt with the onset of Asian financial crisis in mid-1997. During that time, the combination of sudden reversals in the net capital flow, exchange rate depreciation/devaluation, crash in stock market, fire sales on asset, corporate distress, and credit contraction lead the economy into recession.

  • IF_Hub_Issue_3_Flow_performance_relationship_Chaudhari_Shamsher_Eskandar.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Choudhary Wajahat Naeem Azmi; Shamsher Mohamad Ramadili Mohd; Mohamed Eskandar Shah Mohd Rasid (2017)

  • The motivation to examine flow-performance relationship of Shariah compliant funds (SCFs) and Socially responsible funds (SRFs) is that investors investing in these two funds have certain non-financial motives such as religious, ethical, environmental etc. Renneboog et al., (2011) explained that more the investor is averse to certain non-ethical or non-religious corporate behavior the more satisfaction he/she gets by investing in the funds that are in line with his/her ethical or religious position. The above conjecture that the SRF and SCF investors chose funds based on a dual objective of socially responsible/religious investing and financial gains is in line with the way generally ...

  • forecasting_corporate_failure_Malaysian_industrial_sector firms_Zulkarnain et al.pdf.jpg
  • Journal Article


  • Authors: Zulkarnain Muhamad Sori; Mohamad Ali Abdul Hamid; Annuar Md. Nassir; Zainal Abidin Mohamad (2001)

  • Financial ratios have long been used as predictor of important events in financial markets of developed economies. Formulating business failure prediction models utilising financial ratios is no exception. However, there is hardly any evidence on failure prediction in developing markets such as Malaysia. This study develops a failure prediction model for industrial sector listed firms that discriminates between 24 failed and non-failed for the period 1980 to 1996. The findings show that the model correctly and significantly classified 91.1% and 89.3% of the failed and non-failed firms respectively. An alternative prediction model developed based solely on accounting information showed...

  • forecasting_inflation_malaysia_mansor_pisal.pdf.jpg
  • Journal Article


  • Authors: Jarita Duasa; Nursilah Ahmad; Mansor H. Ibrahim; Mohd-Pisal Zainal (2010)

  • This paper aims to identify the best indicator in forecasting inflation in Malaysia. In methodology, the study constructs a simple forecasting model that incorporates the indicator/variable using the vector error correction (VECM) model of quasi-tradable inflation index and selected indicators: commodity prices, financial indicators and economic activities. For each indicator, the forecasting horizon used is 24 months and the VECM model is applied for seven sample windows over sample periods starting with the first month of 1980 and ending with the 12th month of every 2 years from 1992 to 2004. The degree of independence of each indicator from inflation is tested by analyzing the vari...

  • item.jpg
  • Master


  • Authors: Md Ridwan Reza (2018)

  • The study employs different types ofrelatively novel Markov regime switching GARCH (MRS-GARCH) models along with standard GARCH to identify better models to forecast the conditional volatility of Dow Jones Islamic Market World Index (DJIM). Several statistical and risk-management-based loss functions are employed to evaluate the out-of-sample volatility and Value-at-Risk (VaR) forecast from these models. Our empirical results show that although there is no single model - either of standard GARCH and MRS-GARCH type - is consistently outperforming the others if both the statistical and the risk-management loss functions are considered, overall different asymmetric Markov regime switchin...

  • Foreign exchange exposure and impact of policy switch the case of Malaysian listed firms_obiyathulla_eskandar.pdf.jpg
  • Journal Article


  • Authors: Obiyathulla Ismath Bacha; Azhar Mohamad; Sharifah Raihan Syed Mohd Zain; Mohamed Eskandar Shah Mohd Rasid (2013)

  • This article undertakes an in-depth study of the foreign exchange exposure of Malaysian listed firms. We examine several issues related to firm-specific and overall exposure, including an evaluation of the efficacy of adopting a hard-peg on such exposure. Our sample consists of 158 listed firms and spans the 16 year period, 1990–2005. A multivariate model using four bilateral exchange rates is used to determine firm level exposure while panel data analysis using a random-effects Generalized Least Squares (GLS) model is used to determine system-wide or aggregate sample exposure. We find a total 71% of our sample firms to have significant exchange rate exposure, a rate substantially hig...

  • foreign_exchange_rate_exposure_emerging_market_case_indonesia_mansor_baharom.pdf.jpg
  • Journal Article


  • Authors: Mansor H. Ibrahim; Baharom Abdul Hamid (2011)

  • The paper examines the exchange rate exposure of the Indonesian national market, the Indonesia Stock Exchange, for the 1988-2009 period using an EGARCH(1, 1) model. The evidence indicates negative exposure of the Indonesian market to variations in the rupiah-dollar exchange rate. Moreover, applying a rolling regression technique, the exposure is found to be more negative in recent years. Thus, the rupiah-dollar depreciation tends to have an adverse impact on the Indonesian market. These results seem to be robust across specifications of the mean equation. Finally, our exploratory exercises indicate the potential importance of current account and financial variables particularly curren...

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 575 to 594 of 1687
  • financialization_of_the_economy_and_income_inequality_in_selected_OIC_and_OECD_countries_Fatima_Baharom.jpg.jpg
  • Book


  • Authors: Fatima Muhammad Abdulkarim; Abbas Mirakhor; Baharom Abdul Hamid (2019)

  • Income inequality is a serious problem confronting not only the developed world but also developing countries. Recently, financialization has been one of the culprits identified in literature as one of the cause of income inequality. This book offers the only detailed presentation of the how financialization aided the spread of income inequality in Organization of Islamic Cooperation, OIC countries. Finance has taking a center stage in the affairs of most developing economies, surpassing the real sector of the economy. The result is the creation of an indebted society in which people are comfortable with financing their financial needs through credit. This creates a debt laden society...

  • item.jpg
  • PhD


  • Authors: Tarik Akin (2017)

  • Wealth inequality has been a core field of research in economics in the post-Global Financial Crisis era since it is an important driver of economic/financial crises and inhibits long-term growth. Compelling evidence indicates that wealth inequality has been increasing over and above income inequality but traditional theories of inequality lack in explaining the causes of such an increase in wealth inequality. This study shows that interest-based debt contracts may be the underlying cause of wealth inequality. The study discusses that asset-based redistribution, which targets the re-distribution of wealth through re-designation of financial contracts, has pronounced advantages over an...

  • financing_galvanizing_IDLE_waqf_properties_into_income_generating_properties_shaikh_magda.pdf.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda; Shaikh Abdul Razak, Shaikh Hamzah (2017)

  • The main objective of this study is to present the current successful cases in making a revolution reform of the old and idle waqf properties into income generating properties in Muslim and Muslim minority countries. These reforms include providing services to the community, opening jobs for the majority of people, funding small entrepreneurs, educating the mass, taking care of the health of the people, and sheltering the poor and needy in the different countries. Case under studies are: Turkey, Malaysia, Singapore, Sudan, Indonesia, New Zealanf, Kuwait, India, Pakistan and Bangladesh.

  • financing_economic_growth_stability_islamic_perspective_zubair_othman.pdf.jpg
  • Journal Article


  • Authors: Shaukat, Mughees; Hasan, Zubair; Alhabshi, Syed Othman (2014)

  • Evidence has been mounting that the interest-based debt financing regime is under increasing distress. Evidence also suggests that the financial crises, whatever title they carried - exchange rate crisis or banking crisis – have been debt related crises in essence. At present, data suggest that the debt-to-GDP ratio of the richest members of the G-20 is expected to reach 120% mark by 2014. There is also evidence that out of securities worth US$ 200 trillion in the global economy, no less than three-fourth represent interest-based debt. It is difficult to see how this massive debt volume can be validated by the underlying productive capacity of the global economy. This picture becomes ...

  • financing_strategies_apparel_zulkarnain et al.jpg.jpg
  • Book


  • Authors: Shaharunizam Mohd Shah; Reza Shermizi Mohd Adzmi; Zulkarnain Muhamad Sori; Sazali Abdul Wahab; Abu Sofian Yaacob (2018)

  • This book was written in a case study appraoch which has been successfully proven as an effective tool in teaching and learning process, particularly at the postgraduate level. Its function is to business scenarios, and relevant issues faced by aspiring entrepreneurs. Therefore, building on real case studies developed from the apparel and clothing industry's setting and supported by the authors' own experiences, this book hopes to stimulate the interests and passions in case study writing for the further development of effective learning approaches through case studies among students, academics, and practitioners ...

  • financing_development_old_waqf_properties.pdf.jpg
  • Academic Presentation


  • Authors: Ismail Abdel Mohsin, Magda (2017)

  • The slides highlight: 1) definition of waqf; 2) current scenation of waqf; 3) transforming old waqf properties into productive waqf.

  • Financing the development of old waqf properties.pdf.jpg
  • Book


  • Authors: Magda Ismail Abdel Mohsin; Hisham Dafterdar; Murat Cizakca; Syed Othman Alhabshi; Shaikh Hamzah Shaikh Abdul Razak; Seyed Kazem Sadr; Thamina Anwar; Mohammed Obaidullah (2016)

  • This book presents successful case studies in Muslim and Muslim minority countries that have revolutionized the redevelopment of idle waqf properties into productive land trusts. The revival of this institution over the last two decades shows the growing optimism in galvanizing the socioeconomic role of waqf by adopting its flexible shariah measures. Innovative ways of financing redevelopment allow Muslims to extend these roles to include new beneficiaries. New uses for these properties include providing services to the community, opening jobs for the majority of people, funding small entrepreneurs, educating the masses, providing health care, and sheltering the poor and needy.

  • financing_through_cash_waqf_revitalization_finance_different_needs_magda.pdf.jpg
  • Journal Article


  • Authors: Magda Ismail Abdel Mohsin (2013)

  • Recently the revival of the institution of waqf took a movable form especially in terms of the creation of cash waqf which found its ways as one of the financial institutions financing different goods and services in the different countries. In an attempt to enrich the literature on this area, this study is an extension to the authors' work, focusing mainly on the different goods and services provided by different cash waqf schemes in Muslim and Muslim minority countries without depending on the government to provide their needs. The paper aims to discuss these issues. This study uses data collected from primary sources including text from the Hadith, while data collected from seconda...

  • Findings_of_the_Sukuk_market_development_project_Aishath.pdf.jpg
  • Industry Article


  • Authors: Aishath Muneeza (2013)

  • Though the Maldives is a 100% Muslim country, the financial system of the country is still based on conventional methods and laws. The formal initiative to develop an Islamic capital market in the country was initiated by the Capital Market Development Authority (CDMA) in 2011. But even before 2011, the IDB has been a key driving force behind establishing an Islamic bank in the Maldives.

  • item.jpg
  • Industry Article


  • Authors: 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.

  • fintech_technology_application_financial_product_ecosystem_ziyaad_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed; Shamsher Mohamad Ramadili Mohd (-)

  • Recent success in the technology sector has witnessed the transformation of start-up companies with relatively small or no seed capital into billion-dollar companies within a very short-space of time. From the advent of taxi-hailing apps (aka Uber, Lyft and Grabcar) to accommodation (eg. Airbnb), smartphone applications and web-based platform provide the evidence of this growing phenomena. The application of technology in the financial sector has 'disrupted' the traditional 'brick-and-mortar' style distribution channels and if not embraced, would cause the current financial sector to lose a substantial portion of their businesses (estimated between 20% to 40%) to firms using 'fintech'...

  • The fiqh characterization of ijarah mawsufah fi al-dhimmah_Said_Adekunle.pdf.jpg
  • Journal Article


  • Authors: Sa'id Adekunle Mikail (2013)

  • The application of the Shari'ah principle of ijarah mawsufah fi al-dhimmah (forward lease) can be traced back to the early days of Islam. It is derived from the original contract of ijarah (lease), which has been widely used in the structuring of Islamic financial transactions to cater for various Muslim and non-Muslim needs over time. Thus, the classical books of Islamic jurisprudence have amply discussed its applications in various forms according to the prevailing circumstances. Today, ijarah mawsufah fi al-dhimmah is applied in the offering of various services in the Islamic finance industry relating to education, medical treatment, tourism, hajj and 'umrah, among others. Neverthe...

  • PhD_fiqhi_analysis_tradability_Islamic_securities_based_Farrukh_Habib.pdf.jpg
  • PhD


  • Authors: Farrukh Habib (2016)

  • Due to the fact that Islamic financial securities may consist of ribawi (cash and debt) underlying assets, it is crucially important to discern whether or not the trading of these securities is subject to the Shari'ah rules for bay' al-sarf and bay' al-dayn. If they do not then what criterion is pertinent to their secondary trading; and on what jurisprudential basis? In answer to that question, the current scholarly views and suggested Shari'ah criteria for tradability of Islamic securities are not only diverse, but also at times incongruous with one another. Based on the qualitative approach of text analysis and semi-structured-interviews, this study critically analyse this issue ......

  • firms_credit ratings_corporate_governance_malaysia_ng et al.jpg.jpg
  • Chapter in Book


  • Authors: Ng Yan Ling; Zulkarnain Muhamad Sori; Shamsher Mohamad Ramadili Mohd (2012)

  • In the first two-thirds of the 1990s, Malaysia experienced rapid economic growth at an average annual Gross Domestic Product (GOP) growth of 8.5%; due to its financial liberalization policy that encourage greater participation of foreign direct investment and strengthening condition of exports. This rapid growth came to a halt with the onset of Asian financial crisis in mid-1997. During that time, the combination of sudden reversals in the net capital flow, exchange rate depreciation/devaluation, crash in stock market, fire sales on asset, corporate distress, and credit contraction lead the economy into recession.

  • IF_Hub_Issue_3_Flow_performance_relationship_Chaudhari_Shamsher_Eskandar.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Choudhary Wajahat Naeem Azmi; Shamsher Mohamad Ramadili Mohd; Mohamed Eskandar Shah Mohd Rasid (2017)

  • The motivation to examine flow-performance relationship of Shariah compliant funds (SCFs) and Socially responsible funds (SRFs) is that investors investing in these two funds have certain non-financial motives such as religious, ethical, environmental etc. Renneboog et al., (2011) explained that more the investor is averse to certain non-ethical or non-religious corporate behavior the more satisfaction he/she gets by investing in the funds that are in line with his/her ethical or religious position. The above conjecture that the SRF and SCF investors chose funds based on a dual objective of socially responsible/religious investing and financial gains is in line with the way generally ...

  • forecasting_corporate_failure_Malaysian_industrial_sector firms_Zulkarnain et al.pdf.jpg
  • Journal Article


  • Authors: Zulkarnain Muhamad Sori; Mohamad Ali Abdul Hamid; Annuar Md. Nassir; Zainal Abidin Mohamad (2001)

  • Financial ratios have long been used as predictor of important events in financial markets of developed economies. Formulating business failure prediction models utilising financial ratios is no exception. However, there is hardly any evidence on failure prediction in developing markets such as Malaysia. This study develops a failure prediction model for industrial sector listed firms that discriminates between 24 failed and non-failed for the period 1980 to 1996. The findings show that the model correctly and significantly classified 91.1% and 89.3% of the failed and non-failed firms respectively. An alternative prediction model developed based solely on accounting information showed...

  • forecasting_inflation_malaysia_mansor_pisal.pdf.jpg
  • Journal Article


  • Authors: Jarita Duasa; Nursilah Ahmad; Mansor H. Ibrahim; Mohd-Pisal Zainal (2010)

  • This paper aims to identify the best indicator in forecasting inflation in Malaysia. In methodology, the study constructs a simple forecasting model that incorporates the indicator/variable using the vector error correction (VECM) model of quasi-tradable inflation index and selected indicators: commodity prices, financial indicators and economic activities. For each indicator, the forecasting horizon used is 24 months and the VECM model is applied for seven sample windows over sample periods starting with the first month of 1980 and ending with the 12th month of every 2 years from 1992 to 2004. The degree of independence of each indicator from inflation is tested by analyzing the vari...

  • item.jpg
  • Master


  • Authors: Md Ridwan Reza (2018)

  • The study employs different types ofrelatively novel Markov regime switching GARCH (MRS-GARCH) models along with standard GARCH to identify better models to forecast the conditional volatility of Dow Jones Islamic Market World Index (DJIM). Several statistical and risk-management-based loss functions are employed to evaluate the out-of-sample volatility and Value-at-Risk (VaR) forecast from these models. Our empirical results show that although there is no single model - either of standard GARCH and MRS-GARCH type - is consistently outperforming the others if both the statistical and the risk-management loss functions are considered, overall different asymmetric Markov regime switchin...

  • Foreign exchange exposure and impact of policy switch the case of Malaysian listed firms_obiyathulla_eskandar.pdf.jpg
  • Journal Article


  • Authors: Obiyathulla Ismath Bacha; Azhar Mohamad; Sharifah Raihan Syed Mohd Zain; Mohamed Eskandar Shah Mohd Rasid (2013)

  • This article undertakes an in-depth study of the foreign exchange exposure of Malaysian listed firms. We examine several issues related to firm-specific and overall exposure, including an evaluation of the efficacy of adopting a hard-peg on such exposure. Our sample consists of 158 listed firms and spans the 16 year period, 1990–2005. A multivariate model using four bilateral exchange rates is used to determine firm level exposure while panel data analysis using a random-effects Generalized Least Squares (GLS) model is used to determine system-wide or aggregate sample exposure. We find a total 71% of our sample firms to have significant exchange rate exposure, a rate substantially hig...

  • foreign_exchange_rate_exposure_emerging_market_case_indonesia_mansor_baharom.pdf.jpg
  • Journal Article


  • Authors: Mansor H. Ibrahim; Baharom Abdul Hamid (2011)

  • The paper examines the exchange rate exposure of the Indonesian national market, the Indonesia Stock Exchange, for the 1988-2009 period using an EGARCH(1, 1) model. The evidence indicates negative exposure of the Indonesian market to variations in the rupiah-dollar exchange rate. Moreover, applying a rolling regression technique, the exposure is found to be more negative in recent years. Thus, the rupiah-dollar depreciation tends to have an adverse impact on the Indonesian market. These results seem to be robust across specifications of the mean equation. Finally, our exploratory exercises indicate the potential importance of current account and financial variables particularly curren...