Journal Article : [665]

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Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 665
  • Impact_of_non_intermediation_activities_of_banks_on_economic_growth_and_volatility_Mansor Ibrahim.pdf.jpg
  • Journal Article


  • Authors: Mohsin Ali; Mansor H. Ibrahim; Mohamed Eskandar Shah Mohd Rasid (2022)

  • This paper investigates the impact of non-intermediation activities of banks on economic growth and volatility of OIC. For the purpose, we utilize LSDVC estimation approach using the sample of Organization of Islamic Countries (OIC) member countries for the period of 2001-2013. We find non-intermediation income to be insignificant for both economic growth and volatility of OIC member countries in general though it reduces volatility of Gulf Cooperation Council (GCC) economies. Intermediation activities are found to be insignificantly related with the growth of OIC member countries, but on the other hand, they are found to reduce volatility in OIC member countries. Our results are robu...

  • item.jpg
  • Journal Article


  • Authors: Shinaj Valangattil Shamsudheen; Mudeer Ahmed Khattak; Aishath Muneeza; Makeen Huda (2022)

  • This study aims to investigate the reaction (in terms of returns and volatility) of Gulf Cooperation Council (GCC) country-wise stock markets (both conventional and Islamic) in response to the surge of Covid-19 cases, with special reference to the announcement of financial stimulus packages in each country and the recent global oil price plunge. Further, the study also examines the impact of Covid-19 cases on the stock market returns of each GCC country and the continuous dynamics of correlation between Covid-19 cases and GCC stockmarkets. This study uses an exponential generalized auto regressive conditional heteroskedasticity model and continuous wavelet coherence to estimate the st...

  • depicting_ethical_dilemma_Islamic_financial_institutions_addressing_gender_heterogeneity_Muneeza.pdf.jpg
  • Journal Article


  • Authors: Shinaj Valangattil Shamsudheen; Aishath Muneeza (2022)

  • Though the lex loci applicable to Islamic financial institutions (IFIs) are derived from Shariah that embeds ethical and moral values, IFIs still face ethical dilemma. Since the leadership and managerial roles are played by both genders, it is imperative to understand the implication of their contribution in this. As such, the objective of this paper is to examine the influence of gender using the aspects of al-Ghazali's ethical philosophy in explaining the formation of ethical and unethical behavior within the purview of the Islamic finance industry of Malaysia, where both genders play a pivotal role in the industry. A total of 418 samples were collected from IFIs in Malaysia using a...

  • What_motivates_retail_investors_to_invest_in_government_issued_digital_sukuk_during_Covid-19_Aishath.pdf.jpg
  • Journal Article


  • Authors: Saeed Awadh Bin-Nashwan; Aishath Muneeza; Sherin Kunhibava (2022)

  • To analyse Sukuk Prihatin (SP), the first-ever retail digital sukuk issued by the Government of Malaysia in the midst of the Covid-19 pandemic, as part of the national economic recovery plan. The issuance of SP was oversubscribed, even upsized, resulting in the government announcing its intention to issue similar types of sukuk in the future. In light of this, the purpose of this study is to understand the motivation for retail investors to invest in SP. The purposive sampling method was applied via a self-administered survey, while the cross-sectional data were empirically tested using the SmartPLS 3.2.9 structural equation modelling. An integrated model of the theory of planned beha...

  • Challenges_facing_the_development_of_takaful_industry_in_Bangladesh_and_Indonesia_Aishath.pdf.jpg
  • Journal Article


  • Authors: Saeeda Lubaba; Abu Umar Faruq Ahmad; Aishath Muneeza (2022)

  • Takaful is the Islamic version of insurance, and the size of global takaful industry is about USD$51 billion in 2019. Limited studies have been conducted on the development of takaful sector in Bangladesh and Indonesia using a comparative approach. As such, this review aims at investigating the challenges facing the development of takaful industry in these two countries. Primary sources such as laws and regulations, and the secondary sources such as scholarly articles and books on the subject matter were reviewed to derive conclusions. This review concludes that efficiency of takaful in both countries depend on some common factors, such as having a proper and sophisticated regulatory ...

  • Zakat_al-duyun_al-masrifiyat_al-muajalat_Said Bouheraoua_Said Adekunle.pdf.jpg
  • Journal Article


  • Authors: Said Bouheraoua; Sa'id Adekunle Mikail; Riaz Ansari (2016)

  • This research examines the issue of zakah on non-current banking debts within its theoretical framework. The main problems dealt with are the conflicting contemporary juristic opinions on the issue of zakah on non-current banking debts as well as the conflicting ways that these opinions have been implemented. This makes it necessary to pinpoint the most important causes for the controversy and to identify the weightiest opinion on the matter. The study begins by defining non-current banking debts and identifying their most salient characteristics. It then undertakes an explanation of the classical scholarly controversy regarding zakah on debts which are not yet due. The authors have c...

  • item.jpg
  • Journal Article


  • Authors: Md. Kausar Alam; Abu Umar Faruq Ahmad; Aishath Muneeza; Mosab I. Tabash; Md Adnan Rahman (2022)

  • Shari'ah Secretariat plays a significant role in assisting Shari'ah Supervisory Boards (SSBs) in their role in achieving Shari'ah compliance in Islamic banks (IBs). The key objective of the study is to develop a demographic framework of the Shari'ah Secretariat for the IBs in Bangladesh. The study applied qualitative case study research. The data have been collected from 17 respondents through semi-structured interviews from IBs and professional experts in Bangladesh. This study proposes a full-time Shari'ah Secretariat and several departments for further enhancement of the Shari'ah functions in IBs in Bangladesh. The framework proposed in this study covers the formation, functions, c...

  • An_analysis_of_ethical_values_in_Islamic_entrepreneurship_Akram.pdf.jpg
  • Journal Article


  • Authors: Syahida Abdullah; Sa'id Adekunle Mikail (2014)

  • Entrepreneurship is an engine of growth in every society. Studies on the relationship between entrepreneurship and ethics are scanty. Thus, this research is designed to investigate ethical values embedied in entrepreneurship with a special focus on Islamic values ideal to entrepreneurship. This research finds ethical values with respect to Islamic entrepreneurship are indispensible factors as they constitute its essential element. Thus, four axioms of economic developed by Naqvi are just supporting evidence for what has deeply rooted in Islamic values and applicable to every aspects of human activities, and specifically to entrepreneurial activities.

  • 1573.pdf.jpg
  • Journal Article


  • Authors: Sa'id Adekunle Mikail (2021)

  • One of the basics of the regularity of the Islamic financial industry is that it is subject to many legal and regulatory protections that directly or indirectly affected the progress of its financing and investment activities. The Islamic capital market sector, especially sukuk, is one of the most affected products. However, the tradability of sukuk at the international and local levels may be hindered by differences in the legal system and jurisprudential schools of thought, which may lead to a lack of certainty and a defect in the applicable laws. There is no doubt that investing in sukuk requires providing reassurance and confidence from investors on the abundance of the necessary ...

  • Feasibility_of_the_application_of_the_doctrine_of_judicial_precedent_in_civil_and_Shariah_courts_Said Adekunle.pdf.jpg
  • Journal Article


  • Authors: Kyaw Hla Win; Sa'id Adekunle Mikail; Mahamad Arifin (2013)

  • The doctrine of judicial precedent plays an empirical role in the common law system, but it only has persuasive value in European countries which are practicing the civil legal system. Moreover, it has not been recognised as having a binding force in the Islamic legal system and thus each case has to be decided based on its own merits and previous decisions were merely considered as guidance for the future decision. This position is still being maintained by some countries such as Malaysia and Saudi Arabia. In Pakistan and Nigeria, however, the doctrine of judicial precedent is followed. Due to this contradiction among the Shariah legal system in various countries, as a result, a ques...

  • Hubungan_budaya_organisasi_dan_nilai_Islam_terhadap_amalan_etika_kerja_Islam_Sutera_Hainnur_Fairooz.pdf.jpg
  • Journal Article


  • Authors: Sutera Manis Zamzam; Hainnur Aqma Rahim; Mohamed Fairooz Abdul Khir (2020)

  • Kajian ini bertujuan untuk melihat hubungan budaya organisasi dan nilai Islam terhadap amalan etika kerja Islam (EKI) di kalangan penjawat awam di dalam organisasi Islamik. Secara khususnya pula, kajian ini akan memfokuskan kepada ciri-ciri yang ada di dalam teori budaya organisasi Hofstede dan nilai-nilai Islam yang ada di dalam ayat Al-Quran dan seterusnya menganalisis arah dan hubungan yang wujud di antara nilai budaya, nilai Islam terhadap amalan EKI. Kajian ini telah mengemukakan beberapa persoalan kajian iaitu apakah arah dan kekuatan hubungan nilai budaya terhadap amalan EKI dalam organisasi, apakah arah dan kekuatan hubungan nilai Islam terhadap amalan EKI dalam organisasi, b...

  • Drawing_ethical_mentation_in_Islamic_banks_Shinaj_Saiful_Syed.pdf.jpg
  • Journal Article


  • Authors: Shinaj Valangattil Shamsudheen; Saiful Azhar Rosly; Syed Abdul Hamid Aljunid (2021)

  • This study aims to examine the decision-making behaviour of Islamic banking practitioners of the United Arab Emirates with special reference to the operational line heterogeneity by employing factors that are religious in nature such as intellect, satanic force and divine knowledge as encapsulated in alGhazali's ethical philosophy. A total of 337 samples were collected from the Islamic banking practitioners in the United Arab Emirates using a purposive sampling technique, and the empirical analysis was conducted with the measures of model fit and bootstrapping technique using Partial least square Structural equation modelling and multi-group analysis. The empirical findings reveal tha...

  • Lessons_from_Covid-19_what_the_virus_has_taught_us_Obiyathulla.pdf.jpg
  • Journal Article


  • Authors: Obiyathulla Ismath Bacha (2021)

  • The traditional view, of a linear relationship between the development levels of countries and their ability to deal with problems has been completely changed with the coronavirus disease 2019 (Covid-19) pandemic. The countries hit hardest by the pandemic have been the so called developed ones of Western Europe and the USA. Equating development to mega cities has been shown to be misplaced. The pandemic has spread fastest in crowded cities such as New York and Los Angeles. Aside from overpopulated cities, ignoring the environment and the need for healthy living conditions are other important reasons for their failure to control the epidemic. Yet, countries such as Taiwan, South Korea ...

  • Sustainable_financial_inclusion_a_fiqh_analysis_of_zakat_based_microfinance_scheme_Said_Salami.pdf.jpg
  • Journal Article


  • Authors: Sa'id Adekunle Mikail; Salami Saheed Adekunle (2020)

  • Sustainability has remained one of the most significant challenges facing microfinance industry in general and Islamic microfinance in particular. With the advent of Islamic microfinance and Islamic microinsurance the need for Shari'ah compliance is indispensable. Such need poses another additional challenge for Islamic microfinance practitioners. Many practitioners have argued that in practice Shari'ah compliance should be sacrificed for profitability so that Islamic microfinance industry could achieve sustainability and competitiveness in the global microfinance market. However, not a few researchers and Shari'ah scholars argued that the industry risk identity loss by trading Shari'...

  • Applications_of_Malaysia_Deposit_Insurance_Corporation_(MDIC)_to_takaful operators_Nurdianawati_Fares.pdf.jpg
  • Journal Article


  • Authors: Nurdianawati Irwani Abdullah; Fares Djafri (2012)

  • The global takaful market is estimated by market analysts to reach a premium of U.S. $ 12.5 billion by 2015. Malaysia is considered the second largest takaful in the world with total asset of US$ 3.2 billion. One of the new innovations of takaful and insurance in Malaysia is Perbadanan Insurance Deposit Malaysia (PIDM) which is also known internationally as the Malaysia Deposit Insurance Corporation (MDIC). The role of MDIC is to provide protection to owners of takaful certificate and to ensure the stability and confidence in the market by protecting policy holder (takaful certificate). Therefore, this study investigates the extent to which MDIC is relevant to takaful operators. Perso...

  • The_impact_of_service_quality_student_satisfaction_and_university_reputation_on_student_loyalty_Fares_Meguellati_Omar.pdf.jpg
  • Journal Article


  • Authors: Fares Djafri; Meguellati Achour; Omar Kachkar (2013)

  • The purpose of this paper is to examine the relationship between service quality, student satisfaction, university reputation, and student loyalty in the International Islamic University Malaysia (IIUM). This study aims to improve our understanding of student loyalty and to highlight the effect of student satisfaction, service quality, and brand image in building student loyalty towards IIUM. Data were randomly collected from 160 students studying in IIUM during the 2012/2013 academic session. Data analysis encompasses descriptive analysis, reliability analysis, exploratory factor analysis (EFA), correlation, and regression analysis. The data resulted in acceptably high reliability. T...

  • A_critical_study_on_Shariah_compliant_and_Shariah_based_products_in_Islamic_banking_Said Adekunle_Mahamad.pdf.jpg
  • Journal Article


  • Authors: Sa'id Adekunle Mikail; Mahamad Arifin (2013)

  • This paper aims at analyzing the concept of Shari'ah compliant and Shari'ah based products in existing Islamic banking Institutions. The paper would shed more lights on the differences between both concepts. The main argument which is premised on the notion that the products may be Shari'ah compliant but not fully Islamic is vehemently deficient due to the fact that if the product is Shari'ah compliant and is less Islamic, then it is basically contrary to proper and true concept of Shari'ah. It is incontrovertible that Shari'ah is the system of law based on the commandment of Allah and the submission to such law would permit someone to be recognized as "Muslim" A believer in Islam. Ho...

  • Shariah_contracts_underpinning_musharakah_mutanaqisah_financing_conceptual_analysis_Said_Shahril.pdf.jpg
  • Journal Article


  • Authors: Sa'id Adekunle Mikail; Mohd Shahril Mat Rani (2016)

  • This paper examines the Shari'ah contracts applicable in musharakah mutanaqisah financing (MMF) (diminishing partnership) and possible Shari'ah issues arising from the combination of different Shari'ah contracts to effect the financing. The paper employs the qualitative research method, using textual and document analysis. It finds that the fiqh characterization of MMF by the International Islamic Fiqh Academy of the Organisation of Islamic Cooperation (IFA-OIC), which is also found in the Bank Negara Malaysia (BNM) Shariah Standard on Musyarakah, is the best contemporary approach, but it needs to be explicated. This paper identifies two major phases of MMF that are essential to attai...

Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 665

Journal Article : [665]

Follow this collection to receive daily e-mail notification of new additions
Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 665
  • Impact_of_non_intermediation_activities_of_banks_on_economic_growth_and_volatility_Mansor Ibrahim.pdf.jpg
  • Journal Article


  • Authors: Mohsin Ali; Mansor H. Ibrahim; Mohamed Eskandar Shah Mohd Rasid (2022)

  • This paper investigates the impact of non-intermediation activities of banks on economic growth and volatility of OIC. For the purpose, we utilize LSDVC estimation approach using the sample of Organization of Islamic Countries (OIC) member countries for the period of 2001-2013. We find non-intermediation income to be insignificant for both economic growth and volatility of OIC member countries in general though it reduces volatility of Gulf Cooperation Council (GCC) economies. Intermediation activities are found to be insignificantly related with the growth of OIC member countries, but on the other hand, they are found to reduce volatility in OIC member countries. Our results are robu...

  • item.jpg
  • Journal Article


  • Authors: Shinaj Valangattil Shamsudheen; Mudeer Ahmed Khattak; Aishath Muneeza; Makeen Huda (2022)

  • This study aims to investigate the reaction (in terms of returns and volatility) of Gulf Cooperation Council (GCC) country-wise stock markets (both conventional and Islamic) in response to the surge of Covid-19 cases, with special reference to the announcement of financial stimulus packages in each country and the recent global oil price plunge. Further, the study also examines the impact of Covid-19 cases on the stock market returns of each GCC country and the continuous dynamics of correlation between Covid-19 cases and GCC stockmarkets. This study uses an exponential generalized auto regressive conditional heteroskedasticity model and continuous wavelet coherence to estimate the st...

  • depicting_ethical_dilemma_Islamic_financial_institutions_addressing_gender_heterogeneity_Muneeza.pdf.jpg
  • Journal Article


  • Authors: Shinaj Valangattil Shamsudheen; Aishath Muneeza (2022)

  • Though the lex loci applicable to Islamic financial institutions (IFIs) are derived from Shariah that embeds ethical and moral values, IFIs still face ethical dilemma. Since the leadership and managerial roles are played by both genders, it is imperative to understand the implication of their contribution in this. As such, the objective of this paper is to examine the influence of gender using the aspects of al-Ghazali's ethical philosophy in explaining the formation of ethical and unethical behavior within the purview of the Islamic finance industry of Malaysia, where both genders play a pivotal role in the industry. A total of 418 samples were collected from IFIs in Malaysia using a...

  • What_motivates_retail_investors_to_invest_in_government_issued_digital_sukuk_during_Covid-19_Aishath.pdf.jpg
  • Journal Article


  • Authors: Saeed Awadh Bin-Nashwan; Aishath Muneeza; Sherin Kunhibava (2022)

  • To analyse Sukuk Prihatin (SP), the first-ever retail digital sukuk issued by the Government of Malaysia in the midst of the Covid-19 pandemic, as part of the national economic recovery plan. The issuance of SP was oversubscribed, even upsized, resulting in the government announcing its intention to issue similar types of sukuk in the future. In light of this, the purpose of this study is to understand the motivation for retail investors to invest in SP. The purposive sampling method was applied via a self-administered survey, while the cross-sectional data were empirically tested using the SmartPLS 3.2.9 structural equation modelling. An integrated model of the theory of planned beha...

  • Challenges_facing_the_development_of_takaful_industry_in_Bangladesh_and_Indonesia_Aishath.pdf.jpg
  • Journal Article


  • Authors: Saeeda Lubaba; Abu Umar Faruq Ahmad; Aishath Muneeza (2022)

  • Takaful is the Islamic version of insurance, and the size of global takaful industry is about USD$51 billion in 2019. Limited studies have been conducted on the development of takaful sector in Bangladesh and Indonesia using a comparative approach. As such, this review aims at investigating the challenges facing the development of takaful industry in these two countries. Primary sources such as laws and regulations, and the secondary sources such as scholarly articles and books on the subject matter were reviewed to derive conclusions. This review concludes that efficiency of takaful in both countries depend on some common factors, such as having a proper and sophisticated regulatory ...

  • Zakat_al-duyun_al-masrifiyat_al-muajalat_Said Bouheraoua_Said Adekunle.pdf.jpg
  • Journal Article


  • Authors: Said Bouheraoua; Sa'id Adekunle Mikail; Riaz Ansari (2016)

  • This research examines the issue of zakah on non-current banking debts within its theoretical framework. The main problems dealt with are the conflicting contemporary juristic opinions on the issue of zakah on non-current banking debts as well as the conflicting ways that these opinions have been implemented. This makes it necessary to pinpoint the most important causes for the controversy and to identify the weightiest opinion on the matter. The study begins by defining non-current banking debts and identifying their most salient characteristics. It then undertakes an explanation of the classical scholarly controversy regarding zakah on debts which are not yet due. The authors have c...

  • item.jpg
  • Journal Article


  • Authors: Md. Kausar Alam; Abu Umar Faruq Ahmad; Aishath Muneeza; Mosab I. Tabash; Md Adnan Rahman (2022)

  • Shari'ah Secretariat plays a significant role in assisting Shari'ah Supervisory Boards (SSBs) in their role in achieving Shari'ah compliance in Islamic banks (IBs). The key objective of the study is to develop a demographic framework of the Shari'ah Secretariat for the IBs in Bangladesh. The study applied qualitative case study research. The data have been collected from 17 respondents through semi-structured interviews from IBs and professional experts in Bangladesh. This study proposes a full-time Shari'ah Secretariat and several departments for further enhancement of the Shari'ah functions in IBs in Bangladesh. The framework proposed in this study covers the formation, functions, c...

  • An_analysis_of_ethical_values_in_Islamic_entrepreneurship_Akram.pdf.jpg
  • Journal Article


  • Authors: Syahida Abdullah; Sa'id Adekunle Mikail (2014)

  • Entrepreneurship is an engine of growth in every society. Studies on the relationship between entrepreneurship and ethics are scanty. Thus, this research is designed to investigate ethical values embedied in entrepreneurship with a special focus on Islamic values ideal to entrepreneurship. This research finds ethical values with respect to Islamic entrepreneurship are indispensible factors as they constitute its essential element. Thus, four axioms of economic developed by Naqvi are just supporting evidence for what has deeply rooted in Islamic values and applicable to every aspects of human activities, and specifically to entrepreneurial activities.

  • 1573.pdf.jpg
  • Journal Article


  • Authors: Sa'id Adekunle Mikail (2021)

  • One of the basics of the regularity of the Islamic financial industry is that it is subject to many legal and regulatory protections that directly or indirectly affected the progress of its financing and investment activities. The Islamic capital market sector, especially sukuk, is one of the most affected products. However, the tradability of sukuk at the international and local levels may be hindered by differences in the legal system and jurisprudential schools of thought, which may lead to a lack of certainty and a defect in the applicable laws. There is no doubt that investing in sukuk requires providing reassurance and confidence from investors on the abundance of the necessary ...

  • Feasibility_of_the_application_of_the_doctrine_of_judicial_precedent_in_civil_and_Shariah_courts_Said Adekunle.pdf.jpg
  • Journal Article


  • Authors: Kyaw Hla Win; Sa'id Adekunle Mikail; Mahamad Arifin (2013)

  • The doctrine of judicial precedent plays an empirical role in the common law system, but it only has persuasive value in European countries which are practicing the civil legal system. Moreover, it has not been recognised as having a binding force in the Islamic legal system and thus each case has to be decided based on its own merits and previous decisions were merely considered as guidance for the future decision. This position is still being maintained by some countries such as Malaysia and Saudi Arabia. In Pakistan and Nigeria, however, the doctrine of judicial precedent is followed. Due to this contradiction among the Shariah legal system in various countries, as a result, a ques...

  • Hubungan_budaya_organisasi_dan_nilai_Islam_terhadap_amalan_etika_kerja_Islam_Sutera_Hainnur_Fairooz.pdf.jpg
  • Journal Article


  • Authors: Sutera Manis Zamzam; Hainnur Aqma Rahim; Mohamed Fairooz Abdul Khir (2020)

  • Kajian ini bertujuan untuk melihat hubungan budaya organisasi dan nilai Islam terhadap amalan etika kerja Islam (EKI) di kalangan penjawat awam di dalam organisasi Islamik. Secara khususnya pula, kajian ini akan memfokuskan kepada ciri-ciri yang ada di dalam teori budaya organisasi Hofstede dan nilai-nilai Islam yang ada di dalam ayat Al-Quran dan seterusnya menganalisis arah dan hubungan yang wujud di antara nilai budaya, nilai Islam terhadap amalan EKI. Kajian ini telah mengemukakan beberapa persoalan kajian iaitu apakah arah dan kekuatan hubungan nilai budaya terhadap amalan EKI dalam organisasi, apakah arah dan kekuatan hubungan nilai Islam terhadap amalan EKI dalam organisasi, b...

  • Drawing_ethical_mentation_in_Islamic_banks_Shinaj_Saiful_Syed.pdf.jpg
  • Journal Article


  • Authors: Shinaj Valangattil Shamsudheen; Saiful Azhar Rosly; Syed Abdul Hamid Aljunid (2021)

  • This study aims to examine the decision-making behaviour of Islamic banking practitioners of the United Arab Emirates with special reference to the operational line heterogeneity by employing factors that are religious in nature such as intellect, satanic force and divine knowledge as encapsulated in alGhazali's ethical philosophy. A total of 337 samples were collected from the Islamic banking practitioners in the United Arab Emirates using a purposive sampling technique, and the empirical analysis was conducted with the measures of model fit and bootstrapping technique using Partial least square Structural equation modelling and multi-group analysis. The empirical findings reveal tha...

  • Lessons_from_Covid-19_what_the_virus_has_taught_us_Obiyathulla.pdf.jpg
  • Journal Article


  • Authors: Obiyathulla Ismath Bacha (2021)

  • The traditional view, of a linear relationship between the development levels of countries and their ability to deal with problems has been completely changed with the coronavirus disease 2019 (Covid-19) pandemic. The countries hit hardest by the pandemic have been the so called developed ones of Western Europe and the USA. Equating development to mega cities has been shown to be misplaced. The pandemic has spread fastest in crowded cities such as New York and Los Angeles. Aside from overpopulated cities, ignoring the environment and the need for healthy living conditions are other important reasons for their failure to control the epidemic. Yet, countries such as Taiwan, South Korea ...

  • Sustainable_financial_inclusion_a_fiqh_analysis_of_zakat_based_microfinance_scheme_Said_Salami.pdf.jpg
  • Journal Article


  • Authors: Sa'id Adekunle Mikail; Salami Saheed Adekunle (2020)

  • Sustainability has remained one of the most significant challenges facing microfinance industry in general and Islamic microfinance in particular. With the advent of Islamic microfinance and Islamic microinsurance the need for Shari'ah compliance is indispensable. Such need poses another additional challenge for Islamic microfinance practitioners. Many practitioners have argued that in practice Shari'ah compliance should be sacrificed for profitability so that Islamic microfinance industry could achieve sustainability and competitiveness in the global microfinance market. However, not a few researchers and Shari'ah scholars argued that the industry risk identity loss by trading Shari'...

  • Applications_of_Malaysia_Deposit_Insurance_Corporation_(MDIC)_to_takaful operators_Nurdianawati_Fares.pdf.jpg
  • Journal Article


  • Authors: Nurdianawati Irwani Abdullah; Fares Djafri (2012)

  • The global takaful market is estimated by market analysts to reach a premium of U.S. $ 12.5 billion by 2015. Malaysia is considered the second largest takaful in the world with total asset of US$ 3.2 billion. One of the new innovations of takaful and insurance in Malaysia is Perbadanan Insurance Deposit Malaysia (PIDM) which is also known internationally as the Malaysia Deposit Insurance Corporation (MDIC). The role of MDIC is to provide protection to owners of takaful certificate and to ensure the stability and confidence in the market by protecting policy holder (takaful certificate). Therefore, this study investigates the extent to which MDIC is relevant to takaful operators. Perso...

  • The_impact_of_service_quality_student_satisfaction_and_university_reputation_on_student_loyalty_Fares_Meguellati_Omar.pdf.jpg
  • Journal Article


  • Authors: Fares Djafri; Meguellati Achour; Omar Kachkar (2013)

  • The purpose of this paper is to examine the relationship between service quality, student satisfaction, university reputation, and student loyalty in the International Islamic University Malaysia (IIUM). This study aims to improve our understanding of student loyalty and to highlight the effect of student satisfaction, service quality, and brand image in building student loyalty towards IIUM. Data were randomly collected from 160 students studying in IIUM during the 2012/2013 academic session. Data analysis encompasses descriptive analysis, reliability analysis, exploratory factor analysis (EFA), correlation, and regression analysis. The data resulted in acceptably high reliability. T...

  • A_critical_study_on_Shariah_compliant_and_Shariah_based_products_in_Islamic_banking_Said Adekunle_Mahamad.pdf.jpg
  • Journal Article


  • Authors: Sa'id Adekunle Mikail; Mahamad Arifin (2013)

  • This paper aims at analyzing the concept of Shari'ah compliant and Shari'ah based products in existing Islamic banking Institutions. The paper would shed more lights on the differences between both concepts. The main argument which is premised on the notion that the products may be Shari'ah compliant but not fully Islamic is vehemently deficient due to the fact that if the product is Shari'ah compliant and is less Islamic, then it is basically contrary to proper and true concept of Shari'ah. It is incontrovertible that Shari'ah is the system of law based on the commandment of Allah and the submission to such law would permit someone to be recognized as "Muslim" A believer in Islam. Ho...

  • Shariah_contracts_underpinning_musharakah_mutanaqisah_financing_conceptual_analysis_Said_Shahril.pdf.jpg
  • Journal Article


  • Authors: Sa'id Adekunle Mikail; Mohd Shahril Mat Rani (2016)

  • This paper examines the Shari'ah contracts applicable in musharakah mutanaqisah financing (MMF) (diminishing partnership) and possible Shari'ah issues arising from the combination of different Shari'ah contracts to effect the financing. The paper employs the qualitative research method, using textual and document analysis. It finds that the fiqh characterization of MMF by the International Islamic Fiqh Academy of the Organisation of Islamic Cooperation (IFA-OIC), which is also found in the Bank Negara Malaysia (BNM) Shariah Standard on Musyarakah, is the best contemporary approach, but it needs to be explicated. This paper identifies two major phases of MMF that are essential to attai...

Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 665