Asst. Prof. Dr.


Kinan Salim

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Phd (Islamic Finance), INCEIF
Fields/Area of Specialization
Islamic finance; Sustainable finance; Banking
Asst. Prof. Dr. Kinan Salim is an Assistant Professor at INCEIF. He has been engaged in a variety of projects and provided services to leading institutions in finance and Islamic finance. Early in his career, he served as Head of Corporate Finance in Cham Islamic Bank in Syria. Prior to his PhD, he obtained a Master's degree in Islamic finance from INCEIF, a Master in Banking and Financial Science from The Arab Academy for Banking and Financial Sciences, a Diploma (post-graduate) in Financial and Monetary Economic and a Bachelor's Degree in Economics. He intends to focus on Islamic digital economy and sustainable finance amongst other research area.

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Now showing 1 - 11 of 19
  • Publication
    The impact of competition/concentration on efficiency in dual banking system
    Kinan Salim; Mansor H. Ibrahim; Baharom Abdul Hamid (INCEIF, 2017)

    Islamic banks have proliferated and emerged as important players in the global banking industry especially in the Muslim-majority countries. The recent increase in the number and market share of Islamic banks has intensified the competition in this new industry. Despite its importance, the increasing competition in Islamic banking market not only from its own Islamic peers, but also from commercial banks has not been adequately addressed nor its consequences have been investigated. This thesis aims to shed the light on this important issue by investigating the effect of competition on the efficiency of both Islamic and conventional banks ...

  • Publication
    Trade-off between health and wealth?
    Noor Haini Akmal Abu Bakar; Wiaam Hassan; Shinaj Valangattil Shamsudheen; Kinan Salim; Baharom Abdul Hamid; Ziyaad Mahomed (INCEIF, 2020)

    Recent statistics released by the IMF (Figure 1) provide a comparative on the significant impact that COVID-19, and the lockdown in fighting and containing the pandemic has on global economies. The IMF forecasts that the impact is expected to be more devastating than the growth experienced in the aftermath of the Global financial crisis in 2009. The Euro area is where the most severe impact is envisaged, with estimates of economic contraction at almost 8%. This is followed by the United States with an estimated contraction of 6% and Japan contracting slightly more than 5%. China and India are expected to post positive growth at 2% and 1% respectively.

  • Publication
    Islamic banking: business model, issues and challenges
    Kinan Salim; Mansor H. Ibrahim (RAM Holdings Berhad, 2017)

    The Islamic banking sector has ascended to be systematically important in several OIC countries particularly in Malaysia and the GCC. Globally, the sector has recorded a double digit growth rate far exceeding the growth rate of its conventional counterpart. Its sustained growth in the provision of financial services founded on Islamic principles even during crisis episodes, especially duting the recent global financial crisis, makes Islamic banking gain traction even in the non-Muslim world. Over recent years, it has made its presence in such countries as Switzerland, the UK, and the USA.

  • Publication
    The impact of sustainable banking practices on bank stability
    Mustafa Disli; Ng Adam Boon Ka; Ginanjar Dewandaru; Malik Abdulrahman Nkoba; Kinan Salim (Elsevier, 2023)

    This study seeks to examine whether corporate environmental performance (CEP) and corporate social performance (CSP) affect stability of the banking industry. The topic is of much interest to researchers and policy makers considering the growing demand to integrate environmental and social practices into banking business model. Based on a panel dataset of 473 banks in 74 countries, this research finds that CEP is negatively related to bank stability as measured by non-performing loans (NPL). However, the impact is insignificant for small and large banks, as well as for banks in countries with low environmental scores. Furthermore, CSP does not appear to have a significant relationship with bank stability, but financial product safety, which is an aspect of CSP, does. The results are robust to a variety of econometric specifications and have significant policy implications for investors, bankers and regulators.

  • Publication
    Structural changes, competition and bank stability in Malaysia's dual banking system
    Moutaz Abojeib; Lau Wee Yeap; Kinan Salim; Mansor H. Ibrahim (Elsevier B.V., 2019)

    This paper assesses Malaysia's competition landscape and its risk implications subsequent to conventional banking consolidation and Islamic banking penetration in the aftermath of the 1997/1998 Asian financial crisis. Employing a panel sample of conventional and Islamic commercial banks, it arrives at the following conclusions. First, the consolidation exercise, which has led to a significant reduction in the number of domestic commercial banks, has not stifled banking competition. Second, the paper provides empirical support for the competition-stability relationship, particularly for the conventional banking sector. Islamic banking sector risk appears to be neutral to market competition or market power, although there is limited evidence that it increases with overall market concentration. Finally, the analysis uncovers the risk-increasing effect of the Islamic banking market structure on the conventional banking sector. By contrast, conventional banking market concentration tends to reduce the credit risk of Islamic banks.

  • Publication
    In search of safe haven assets during COVID-19 pandemic: an empirical analysis of different investor types
    Mustafa Disli; Ruslan Nagayev; Siti K. Rizkiah; Ahmet F. Aysan; Kinan Salim (Elsevier B.V., 2021)

    This study assesses the role of gold, crude oil and cryptocurrency as a safe haven for traditional, sustainable, and Islamic investors during the COVID-19 pandemic crisis. Using Wavelet coherence analysis and spillover index methodologies in bivariate and multivariate settings, this study examines the correlation of these assets for different investment horizons. The findings suggest that gold, oil and bitcoin exhibited low coherency with each stock index across almost all considered investment horizons until the onset of the COVID-19. Conversely, with the outbreak of the pandemic, the return spillover is more intense across financial assets, and a significant pairwise return connectedness between each equity index and hedging asset is observed. Hence, gold, oil, and bitcoin do not exhibit safe-haven characteristics. However, by decomposing the time-varying co-movements into different investment horizons, we find that total and pairwise connectedness among the assets are primarily driven by a higher-frequency band (up to 4 days). It indicates that investors have diversification opportunities with gold, oil, and bitcoin at longer horizons. The results are robust over different types of equity investors (traditional, sustainable, and Islamic) and various investment horizons.

  • Publication
    Criteria for determining the Shari'ah compliance of shares: a fiqhi synthesis
    Shamsiah Mohamad; Farrukh Habib; Kinan Salim (ISRA, 2018)

    Shari'ah has specific rules for dealing in each class of assets and activities; i.e., cash, debt, goods, usufruct, and those classified as either halal (permissible) or haram (impermissible). These rulings can be easily applied when such an asset or activity is an independent subject matter of a transaction. However, the issue becomes complicated when an asset or activity is mixed with others and the combination is represented as a single subject matter. A fine example of this situation is shares of a joint stock company. A company share represents all the activities and underlying assets of that company. Some of the activities and assets of that company may be Shari'ah non-compliant while some may be Shari'ah compliant. Such assets can be in any form; i.e., cash, debt, goods, usufruct or rights. There are two main issues that need to be dealt with in considering a company's shares: (1) when it represents a mixture of halal and haram activities and assets, and (2) when it represents a mixture of ribawi and non-ribawi assets.

  • Publication
    Switching costs and bank competition: evidence from dual banking economies
    Siti K. Rizkiah; Mustafa Disli; Ahmad Lutfi Abdul Razak; Kinan Salim (Elsevier B.V., 2021)

    There is a strong theoretical foundation that demonstrates costs of switching as one of the main barriers in creating a healthy level of competition. Switching costs might even be more prevalent for Islamic banks due to Shariah dimension since Shariah driven customers are limited to only switch to banks that offer Shariah-compliant products. However, the banking market is not completely segmented as Islamic banking clients can switch to conventional banks, and vice versa. This paper examines the degree of switching costs in Islamic and conventional banks, and investigates its influence on bank competition in dual banking economies. We find that conventional banks inherit higher switching costs than Islamic banks. The finding is consistent for all countries in the sample except for Malaysia and Bahrain. We also find that switching costs during the global financial crisis are higher than the rest of the years. We further document a significant negative relationship between switching costs and bank competition, while this relationship is more pronounced for Islamic banks.

  • Publication
    Criteria for determining the Shari'ah compliance of shares: a fiqhi analysis
    Shamsiah Mohamad; Farrukh Habib; Kinan Salim; Marjan Muhammad (ISRA, 2015)

    As the Islamic finance industry continues to gain popularity in the financial sphere, the number of faithful investors who are interested in Shari'ah-compliant avenues for their investments also continues to increase. One of the most important of these is the equity market. However, it is evident in today's world that it is hard to find a joint stock company whose activities are completely compliant to Shari'ah principles and rulings. As a share of a company represents all the activities and underlying assets of the company, the Shari'ah noncompliance issue can emerge in the share. While the primary activities of a company are Shari'ah-compliant, its peripheral activities may be impermissible from the Shari'ah viewpoint. Meanwhile, the assets of the company can also be in the form of cash, debt, goods, usufruct or rights, which can raise the issue of trading ribawi (interest-based) items. Thus, the study addresses the issue of Shari'ah compliance and tradability of shares that represent a mixture of halal (permissible in Islamic law) and haram (impermissible in Islamic law) activities and assets.

  • Publication
    Case for a centralized database for waqf administration in Malaysia
    Ziyaad Mahomed; Baharom Abdul Hamid; Kinan Salim; Ahmad Fahme Mohd Ali; Fauzias Mat Nor; Fuadah Johari; Wan Ahmad Amir Zal; Wiaam Hassan; Ziyaad Mahomed; Kinan Salim; Baharom Abdul Hamid (Oxbridge Publishing House, 2023)

    The aim of this paper is to evaluate the various existing models of waqf in practice and determine their applicability within the context of Malaysia. This study was undertaken to investigate the practicality, feasibility, and potential success of implementing a centralized database for the administration of waqf. The research process involved extensive desktop research and thorough benchmarking analyses. Additionally, the study delved into the identification of obstacles and challenges. To provide comprehensive insights, case studies were meticulously compared and contrasted. The findings of this study indicate that the establishment of a centralized national Waqf database would significantly enhance the efficiency and effectiveness of Waqf operations and administration. Furthermore, it would contribute to the enhancement of integrity and transparency within the system. Following this line of thought, the adoption of such a system aligns with the principles of maqasid al-Shariah, ultimately safeguarding the reputation of Islam.

  • Publication
    Big data analytics and Islamic banking
    Mhd Osama Alchaar; Neha Sarah Noushad; Kinan Salim (INCEIF, 2019)

    As the Fintech evolution transforms the banking sectors worldwide, the players in the market are hard-pressed to experiment the tremendous opportunities that the application of the likes of Blockchain, Big Data and Artificial Intelligence et cetera would have on the financial world. As the volume of the data continue to expand, the possibilities that this raw data materializes in the form of opportunities lean towards limitless. Organizations such as financial institutions must be vigilant of the prospects that such data can reveal and the extend of leverage that they can exercise to build insights for their consumers, products, and services. Big data analytics have alone become the driving force for digital innovations and transformation of banks.