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Showing results 87 to 106 of 1189
  • item.jpg
  • Journal Article


  • Authors: Baaquie, Belal E.; Roehner, Bertrand M.; Qing-hai, Wang (2018)

  • Over the last few years, a number of archaeological discoveries have been made that have raised questions and opened up possibly new understanding of the ancient history of Bangladesh. The findings at Wari-Bateshwar point to the possibility of a city-based civilization in the Ganges-Brahmaputra delta dating back to 4,000 BC. Another new discovery, which is being actively studied, is the possible existence of a branch of the Silk Road going through Bangladesh. A theoretical framework is required to guide an investigation as well as to acquire and interpret data. This paper explores a framework based on the existence of a southern branch of the Silk Road going through Bangladesh; and th...

  • Bank_competition_and_stability_moutaz.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Abojeib, Mhd Moutaz (2016)

  • Numerous attempts have been made to discover the effect of competition on banking stability, before and after the recent global financial crisis. Despite the rich theoretical and empirical literature on the topic, two contradictory views are observed; the competition-fragility view and the competition stability view. On one hand, the former view argues that higher competition leads to more pressure on profits and hence induces banks' management to take higher risk strategies. On the other, the supporters of the competition-stability hypothesis argue that banks in more competitive markets tend to charge lower rates, which reduces the entrepreneurs' cost of borrowing and increases the s...

  • the_bank_lending_channel_monetary_policy_transmission_dual_banking_system_mansoribrahim.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H. (2017)

  • This paper examines the impact of monetary policy on bank lending in a dual banking system, i.e. Malaysia. Making use of an unbalanced panel data set of 38 Islamic and conventional banks covering mostly 2001-2014, we find evidence that variations in monetary policy affect lending growth of Islamic banks and, to some extent, conventional banks. The results further reveal that, in comformity with studies using aggregate Islamic financing data, the Islamic financing growth reacts more strongly to monetary policy changes.

  • Bank_lending_deposits_and_risk_taking_in_times_of_crisis_mansor.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H.; Rizvi, Syed Aun Raza (2018)

  • In this study, we conduct a panel analysis of Islamic and conventional banks to ascertain whether Islamic banks are able to sustain financing supply and whether its growth is higher than conventional bank lending growth in times of stress. For concreteness, we also assess whether the sustained financing supply of Islamic banks is justified by a concomitant increase in Islamic deposit growth and is not linked to excessive risk taking. Utilizing a panel sample of 25 Islamic banks and 114 conventional banks from 10 dual-banking countries, we observe sustained financing supply by Islamic banks but significant reduction in the lending growth by conventional banks during the crisis period. ...

  • bank_lending_macroeconomic_conditions_financial_uncertainty_evidence_malaysia_eskandar_mansor.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H.; Mohd Rasid, Mohamed Eskandar Shah (2012)

  • In this paper, we examine the interrelations between bank lending, macroeconomic conditions and financial uncertainty for an emerging economy, Malaysia. Adopting time series techniques of cointegration, causality and vector autoregressions (VARs), we arrive at the following main results. We note long run positive relations between real output and both real bank credits and real stock prices. However, with slow adjustment of real output in responses to credit expansion or stock price increase and weak exogeneity of the latter two variables, both credits and stock prices can be persistently higher than their fundamental values. The phenomenon can be detrimental since it heightens market...

  • banking_sustainability_policy_regulatory_financial_case_action_adam.pdf.jpg
  • Industry article


  • Authors: Ng, Adam Boon Ka (2016)

  • In today’s increasingly challenging era, the financial sector has a significant role in catalysing the global transition to sustainable development and shared prosperity. Sustainability can be practiced from the inside (financial institutions’ internal operation) to the outside (financial institutions’ financing and investment). Yet, can banks do well while doing good? Does a bank that improves its economic, environmental, social and governance performance increase, decrease, or leave unchanged its financial performance? Is the banking sector up to the challenge as the steward of long-term capital, preserving and enhancing different types of capital in the value creation process?

  • banking_liquidity_and_stock_market_prices_three_countries_in_ASEAN_tin_ariff_shamsher.pdf.jpg
  • Journal Article


  • Authors: Tin-fah, Chung; Ariff, Mohamed; Ramadili Mohd, Shamsher Mohamad (2017)

  • This paper reports evidence of a banking liquidity impact on stock prices in the three Asean countries. Banking liquidity impacts suggested by Friedman is yet to be fully investigated nor verified despite several attempts. If improved liquidity of banks leads to credit expansion, which in turn leads to more positive net present value projects undertaken by firms, earnings of the latter must go up, and hence the share prices should rise. This link is worth an investigation. According to an influential of the US stock market, up to 52% of share returns are due to changes in the macro economy. Using a 3-equation structural model as well as employing corrections for cross-section dependen...

  • banking_models_monetary_transmission_mechanism_Malaysia_are_Islamic_banks_different_malika.pdf.jpg
  • Journal Article


  • Authors: Akhatova, Malika; Zainal, Mohd-Pisal; Ibrahim, Mansor H. (2016)

  • The present paper comparatively evaluates the credit channel of monetary transmission process of Islamic banks and conventional banks by focusing on their lending/financing behaviour in responses to monetary policy shocks as well as other shocks. Adopting structural vector autoregression (SVAR) specification, we validate the significant responses of both conventional bank credit and Islamic bank financing to monetary policy shocks. However, the dynamic behaviour of Islamic banks following monetary policy shocks as well as other shocks tends to be different. Our analysis indicates that the Islamic bank financing tends to respond immediately while the conventional bank credit exhibits d...

  • basel_accords_islamic_finance_special_reference_malaysia_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2014)

  • The worldwide colossal failures of financial institutions in the wake of the 2007-2010 financial turmoil the yesteryear advocates of liberalization and privatization converted almost overnight into vocal supporters of raising the safety walls around the interests of various stakeholders, especially the depositors. Admittedly, it was the heightened lure of leverage gains that led the financial institutions to expand credit beyond what the volume and quality of their capital assets warranted without crossing the limits of safety. The devastation led to a focus-shift so to say at the national and international level in finance specifically to capital adequacy that financial institutions ...

  • item.jpg
  • Blog Post


  • Authors: Vicary Abdullah, Daud (2015-04-17)

  • Blog post by INCEIF PCEO Mr. Daud Vicary Abdullah on “Batteries recharged“.

  • item.jpg
  • Journal Article


  • Authors: V. Rasiah, R. Ratneswary; Abdul Hamid, Baharom; Ow, Wilson Chee Seong; Habibullah, Muzafar Shah (2012)

  • This study uses time-series analysis to investigate the long-run relationships and short-run dynamic interactions between beer consumption and the independent variables of income level (Gross Domestic Product per capita), wealth (proxied by money supply, M2) and total exports in Malaysia over the period 1961 to 2009. The study applies the multivariate cointegration methodology to establish the possible causal relations between these variables. The cointegration test and the vector error correction model demonstrate the evidence of a positive long-run relationship between beer consumption and the income level while wealth and exports have a negative impact on beer consumption in Malays...

  • benchmarking_objectives_Shariah_Islamic law_index_performance_select_OIC_countries_alaabed.pdf.jpg
  • Journal Article


  • Authors: Alaabed, Alaa; Askari, Hossein; Iqbal, Zamir; Ng, Adam Boon Ka (2016)

  • Islam offers a sustainable and comprehensive development model for humanity that can be systematically categorised as the means as well as the ideal outcome of achieving Maqasid (objectives) of Shari'ah (Islamic law). As a rule-based religion, Islam's prescription for development goes well beyond market regulations and includes rules necessary to maintain a dignified life; in order that the faithful can maximise their intellectual capacity, preserve and promote their health and education, and have equal opportunity for employment and partnership in the economic and social development of society, and unhampered by practices of fraud, cheating, corruption, or property abuse, among other...

  • PhD_Beneficial_ownership_and_its_application_in_Islamic_finance_Nik_Abdul_Rahim.pdf.jpg
  • PhD


  • Authors: Nik Abdul Ghani, Nik Abdul Rahim (2017)

  • Beneficial ownership is applied in the modern Islamic financial contracts such as financing and sukuk structure, especially in countries where common law is dominant. It has been recognized by some scholars and rejected by others. In this regard, the concept of beneficial ownership in Shari'ah should be analysed to develop a clear interpretation of the concept of beneficial ownership from the Shari'ah perspective. The purpose of this study is to examine the meaning of beneficial ownership in Common Law system and its recognition from the Shari'ah point of view ... Available in physical copy and downloadable format (Call Number: t BP 158.7 Q1 N692)

  • beneficial_ownership_what_extent_complies_shariah_rahim_yusuf_ahcene.pdf.jpg
  • Journal Article


  • Authors: Nik Abdul Ghani, Nik Abdul Rahim; Saleem, Muhammad Yusuf; Lahsasna, Ahcene (2015)

  • This paper is a preliminary research on studying the application of beneficial ownership in Islamic financial products. It aims at investigating the meaning of beneficial ownership and its recognition in the Shari'ah perspective. This paper starts with identifying the meaning of milkiyyah (ownership) and its characteristics in the Islamic law and followed by the discussion on beneficial ownership from legal perspective. The study emphasizes on the historical and theoretical aspects of beneficial ownership. It then critically elucidates the meaning of beneficial ownership and its use in commercial transaction as to ascertain whether its use is in compliance with the requirements of own...

  • item.jpg
  • Research Monograph


  • Authors: Saleem, Muhammad Yusuf; Abozaid, Abdulazeem (2013)

  • In Islam, a loan (qard) is considered a gratuitous contract, and providing a loan to a person in need is a recommended (mandub) act for which a lender is rewarded. The gratuitous nature of the loan contract is emphasised in various hadiths which also prohibit the lender from deriving any stipulated benefit from the loan he has provided. Loans that generate conditional benefit to the lender are considered usurious. The practice of usury (riba) is inextricably tied to the loan and debt where a lender charges the borrower an additional amount. The main focus of this research paper is to provide a critical discussion on the ruling that prohibits the lender from deriving conditional benefi...

  • birth_and_growth_of_bank_islam.pdf.jpg
  • Chapter in Book


  • Authors: Mohd Tahir, Zainal Abidin (2017)

  • Lembaga Tabung Haji (TH), the Malaysia Pilgrims Fund Board, the pioneer Islamic non-bank financial institution in the country, paved the way - as the catalyst and leading stakeholder - for the establishment of Bank Islam Malaysia Berhad (BIMB), the first full-fledged Islamic bank in Malaysia. In fact, TH is still one of the major shareholders of the bank through its shareholdings in BIMB Holdings Berhad (BHB)... Available in physical copy only (Call Number: HG 3368 A6 I82Mo)

  • board characteristics and firms financial reporting quality.pdf.jpg
  • Chapter in Book


  • Authors: Nahar, Hairul Suhaimi; Muhammad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Hassan, Taufiq (2013)

  • Post millennium period could be considered as a rejuvenation period for both issues of corporate governance and firm's financial reporting quality (FRQ) in the Asian region. Series of corporate and economic events pre and post millennium period had effectively led these intermingling issues to gain prominence in the academic and public policy debate. Primarily, academic debate has suggested that governance is an effective tool through which FRQ could be ensured (Imhoff, 2003; Rezaee, 2003).

  • Bonds_with_index_linked_stochastic_coupons_in_quantum_finance_belal.pdf.jpg
  • Journal Article


  • Authors: Baaquie, Belal E. (2018)

  • An index-linked coupon bond is defined that pays coupons whose values are stochastic, depending on a market defined index. This is an asset class distinct from the existing coupon bonds. The index-linked coupon bond is an example of a sukuk, which is an instrument that implements one of the cornerstones of Islamic finance (Askari et al., 2012): that an investor must share in the risk of the issuer in order to earn profits from the investment. The index-linked coupon bond is defined using the mathematical framework of quantum finance (Baaquie, 2004, 2010). The coupons are stochastic, with the quantum of coupon payments depending on a publicly traded index that is chosen to reflect the ...

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 87 to 106 of 1189
  • item.jpg
  • Journal Article


  • Authors: Baaquie, Belal E.; Roehner, Bertrand M.; Qing-hai, Wang (2018)

  • Over the last few years, a number of archaeological discoveries have been made that have raised questions and opened up possibly new understanding of the ancient history of Bangladesh. The findings at Wari-Bateshwar point to the possibility of a city-based civilization in the Ganges-Brahmaputra delta dating back to 4,000 BC. Another new discovery, which is being actively studied, is the possible existence of a branch of the Silk Road going through Bangladesh. A theoretical framework is required to guide an investigation as well as to acquire and interpret data. This paper explores a framework based on the existence of a southern branch of the Silk Road going through Bangladesh; and th...

  • Bank_competition_and_stability_moutaz.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Abojeib, Mhd Moutaz (2016)

  • Numerous attempts have been made to discover the effect of competition on banking stability, before and after the recent global financial crisis. Despite the rich theoretical and empirical literature on the topic, two contradictory views are observed; the competition-fragility view and the competition stability view. On one hand, the former view argues that higher competition leads to more pressure on profits and hence induces banks' management to take higher risk strategies. On the other, the supporters of the competition-stability hypothesis argue that banks in more competitive markets tend to charge lower rates, which reduces the entrepreneurs' cost of borrowing and increases the s...

  • the_bank_lending_channel_monetary_policy_transmission_dual_banking_system_mansoribrahim.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H. (2017)

  • This paper examines the impact of monetary policy on bank lending in a dual banking system, i.e. Malaysia. Making use of an unbalanced panel data set of 38 Islamic and conventional banks covering mostly 2001-2014, we find evidence that variations in monetary policy affect lending growth of Islamic banks and, to some extent, conventional banks. The results further reveal that, in comformity with studies using aggregate Islamic financing data, the Islamic financing growth reacts more strongly to monetary policy changes.

  • Bank_lending_deposits_and_risk_taking_in_times_of_crisis_mansor.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H.; Rizvi, Syed Aun Raza (2018)

  • In this study, we conduct a panel analysis of Islamic and conventional banks to ascertain whether Islamic banks are able to sustain financing supply and whether its growth is higher than conventional bank lending growth in times of stress. For concreteness, we also assess whether the sustained financing supply of Islamic banks is justified by a concomitant increase in Islamic deposit growth and is not linked to excessive risk taking. Utilizing a panel sample of 25 Islamic banks and 114 conventional banks from 10 dual-banking countries, we observe sustained financing supply by Islamic banks but significant reduction in the lending growth by conventional banks during the crisis period. ...

  • bank_lending_macroeconomic_conditions_financial_uncertainty_evidence_malaysia_eskandar_mansor.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H.; Mohd Rasid, Mohamed Eskandar Shah (2012)

  • In this paper, we examine the interrelations between bank lending, macroeconomic conditions and financial uncertainty for an emerging economy, Malaysia. Adopting time series techniques of cointegration, causality and vector autoregressions (VARs), we arrive at the following main results. We note long run positive relations between real output and both real bank credits and real stock prices. However, with slow adjustment of real output in responses to credit expansion or stock price increase and weak exogeneity of the latter two variables, both credits and stock prices can be persistently higher than their fundamental values. The phenomenon can be detrimental since it heightens market...

  • banking_sustainability_policy_regulatory_financial_case_action_adam.pdf.jpg
  • Industry article


  • Authors: Ng, Adam Boon Ka (2016)

  • In today’s increasingly challenging era, the financial sector has a significant role in catalysing the global transition to sustainable development and shared prosperity. Sustainability can be practiced from the inside (financial institutions’ internal operation) to the outside (financial institutions’ financing and investment). Yet, can banks do well while doing good? Does a bank that improves its economic, environmental, social and governance performance increase, decrease, or leave unchanged its financial performance? Is the banking sector up to the challenge as the steward of long-term capital, preserving and enhancing different types of capital in the value creation process?

  • banking_liquidity_and_stock_market_prices_three_countries_in_ASEAN_tin_ariff_shamsher.pdf.jpg
  • Journal Article


  • Authors: Tin-fah, Chung; Ariff, Mohamed; Ramadili Mohd, Shamsher Mohamad (2017)

  • This paper reports evidence of a banking liquidity impact on stock prices in the three Asean countries. Banking liquidity impacts suggested by Friedman is yet to be fully investigated nor verified despite several attempts. If improved liquidity of banks leads to credit expansion, which in turn leads to more positive net present value projects undertaken by firms, earnings of the latter must go up, and hence the share prices should rise. This link is worth an investigation. According to an influential of the US stock market, up to 52% of share returns are due to changes in the macro economy. Using a 3-equation structural model as well as employing corrections for cross-section dependen...

  • banking_models_monetary_transmission_mechanism_Malaysia_are_Islamic_banks_different_malika.pdf.jpg
  • Journal Article


  • Authors: Akhatova, Malika; Zainal, Mohd-Pisal; Ibrahim, Mansor H. (2016)

  • The present paper comparatively evaluates the credit channel of monetary transmission process of Islamic banks and conventional banks by focusing on their lending/financing behaviour in responses to monetary policy shocks as well as other shocks. Adopting structural vector autoregression (SVAR) specification, we validate the significant responses of both conventional bank credit and Islamic bank financing to monetary policy shocks. However, the dynamic behaviour of Islamic banks following monetary policy shocks as well as other shocks tends to be different. Our analysis indicates that the Islamic bank financing tends to respond immediately while the conventional bank credit exhibits d...

  • basel_accords_islamic_finance_special_reference_malaysia_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2014)

  • The worldwide colossal failures of financial institutions in the wake of the 2007-2010 financial turmoil the yesteryear advocates of liberalization and privatization converted almost overnight into vocal supporters of raising the safety walls around the interests of various stakeholders, especially the depositors. Admittedly, it was the heightened lure of leverage gains that led the financial institutions to expand credit beyond what the volume and quality of their capital assets warranted without crossing the limits of safety. The devastation led to a focus-shift so to say at the national and international level in finance specifically to capital adequacy that financial institutions ...

  • item.jpg
  • Blog Post


  • Authors: Vicary Abdullah, Daud (2015-04-17)

  • Blog post by INCEIF PCEO Mr. Daud Vicary Abdullah on “Batteries recharged“.

  • item.jpg
  • Journal Article


  • Authors: V. Rasiah, R. Ratneswary; Abdul Hamid, Baharom; Ow, Wilson Chee Seong; Habibullah, Muzafar Shah (2012)

  • This study uses time-series analysis to investigate the long-run relationships and short-run dynamic interactions between beer consumption and the independent variables of income level (Gross Domestic Product per capita), wealth (proxied by money supply, M2) and total exports in Malaysia over the period 1961 to 2009. The study applies the multivariate cointegration methodology to establish the possible causal relations between these variables. The cointegration test and the vector error correction model demonstrate the evidence of a positive long-run relationship between beer consumption and the income level while wealth and exports have a negative impact on beer consumption in Malays...

  • benchmarking_objectives_Shariah_Islamic law_index_performance_select_OIC_countries_alaabed.pdf.jpg
  • Journal Article


  • Authors: Alaabed, Alaa; Askari, Hossein; Iqbal, Zamir; Ng, Adam Boon Ka (2016)

  • Islam offers a sustainable and comprehensive development model for humanity that can be systematically categorised as the means as well as the ideal outcome of achieving Maqasid (objectives) of Shari'ah (Islamic law). As a rule-based religion, Islam's prescription for development goes well beyond market regulations and includes rules necessary to maintain a dignified life; in order that the faithful can maximise their intellectual capacity, preserve and promote their health and education, and have equal opportunity for employment and partnership in the economic and social development of society, and unhampered by practices of fraud, cheating, corruption, or property abuse, among other...

  • PhD_Beneficial_ownership_and_its_application_in_Islamic_finance_Nik_Abdul_Rahim.pdf.jpg
  • PhD


  • Authors: Nik Abdul Ghani, Nik Abdul Rahim (2017)

  • Beneficial ownership is applied in the modern Islamic financial contracts such as financing and sukuk structure, especially in countries where common law is dominant. It has been recognized by some scholars and rejected by others. In this regard, the concept of beneficial ownership in Shari'ah should be analysed to develop a clear interpretation of the concept of beneficial ownership from the Shari'ah perspective. The purpose of this study is to examine the meaning of beneficial ownership in Common Law system and its recognition from the Shari'ah point of view ... Available in physical copy and downloadable format (Call Number: t BP 158.7 Q1 N692)

  • beneficial_ownership_what_extent_complies_shariah_rahim_yusuf_ahcene.pdf.jpg
  • Journal Article


  • Authors: Nik Abdul Ghani, Nik Abdul Rahim; Saleem, Muhammad Yusuf; Lahsasna, Ahcene (2015)

  • This paper is a preliminary research on studying the application of beneficial ownership in Islamic financial products. It aims at investigating the meaning of beneficial ownership and its recognition in the Shari'ah perspective. This paper starts with identifying the meaning of milkiyyah (ownership) and its characteristics in the Islamic law and followed by the discussion on beneficial ownership from legal perspective. The study emphasizes on the historical and theoretical aspects of beneficial ownership. It then critically elucidates the meaning of beneficial ownership and its use in commercial transaction as to ascertain whether its use is in compliance with the requirements of own...

  • item.jpg
  • Research Monograph


  • Authors: Saleem, Muhammad Yusuf; Abozaid, Abdulazeem (2013)

  • In Islam, a loan (qard) is considered a gratuitous contract, and providing a loan to a person in need is a recommended (mandub) act for which a lender is rewarded. The gratuitous nature of the loan contract is emphasised in various hadiths which also prohibit the lender from deriving any stipulated benefit from the loan he has provided. Loans that generate conditional benefit to the lender are considered usurious. The practice of usury (riba) is inextricably tied to the loan and debt where a lender charges the borrower an additional amount. The main focus of this research paper is to provide a critical discussion on the ruling that prohibits the lender from deriving conditional benefi...

  • birth_and_growth_of_bank_islam.pdf.jpg
  • Chapter in Book


  • Authors: Mohd Tahir, Zainal Abidin (2017)

  • Lembaga Tabung Haji (TH), the Malaysia Pilgrims Fund Board, the pioneer Islamic non-bank financial institution in the country, paved the way - as the catalyst and leading stakeholder - for the establishment of Bank Islam Malaysia Berhad (BIMB), the first full-fledged Islamic bank in Malaysia. In fact, TH is still one of the major shareholders of the bank through its shareholdings in BIMB Holdings Berhad (BHB)... Available in physical copy only (Call Number: HG 3368 A6 I82Mo)

  • board characteristics and firms financial reporting quality.pdf.jpg
  • Chapter in Book


  • Authors: Nahar, Hairul Suhaimi; Muhammad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Hassan, Taufiq (2013)

  • Post millennium period could be considered as a rejuvenation period for both issues of corporate governance and firm's financial reporting quality (FRQ) in the Asian region. Series of corporate and economic events pre and post millennium period had effectively led these intermingling issues to gain prominence in the academic and public policy debate. Primarily, academic debate has suggested that governance is an effective tool through which FRQ could be ensured (Imhoff, 2003; Rezaee, 2003).

  • Bonds_with_index_linked_stochastic_coupons_in_quantum_finance_belal.pdf.jpg
  • Journal Article


  • Authors: Baaquie, Belal E. (2018)

  • An index-linked coupon bond is defined that pays coupons whose values are stochastic, depending on a market defined index. This is an asset class distinct from the existing coupon bonds. The index-linked coupon bond is an example of a sukuk, which is an instrument that implements one of the cornerstones of Islamic finance (Askari et al., 2012): that an investor must share in the risk of the issuer in order to earn profits from the investment. The index-linked coupon bond is defined using the mathematical framework of quantum finance (Baaquie, 2004, 2010). The coupons are stochastic, with the quantum of coupon payments depending on a publicly traded index that is chosen to reflect the ...