Journal Article : [707]

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Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 707
  • Al-tajribat al-Maliziya fi al-tamin al-takafuli_Fares_Mohamad Akram.pdf.jpg
  • Journal Article


  • Authors: Fares Djafri; Mohamad Akram Laldin (2022)

  • According to the Islamic financial services industry stability report published by IFSB in 2019, the takaful contributions in Southeast Asia were estimated to have reached US$ 3.86 billion in 2017, and Malaysia ranked first with total contributions of US$ 2.77 billion, which represented 70% of the total takaful contributions in Southeast Asia. In light of this, this paper examines the development of takaful industry at the global level, the emergence and development of the takaful industry in Malaysia, the contractual relationships governing the practice of takaful in Malaysia, and the main factors which make Malaysia as one of the pioneering models in takaful in Southeast Asia regi...

  • Communicated_ethical_identity_disclosure_CEID_of_Islamic_banks_under_the_AAOIFI_and_IFRS_acccounting_regimes_Anouar_Zulkarnain_Shamsher_Ziyaad.pdf.jpg
  • Journal Article


  • Authors: Mohamed Anouar Gadhoum; Zulkarnain Muhamad Sori; Shamsher Mohamad Ramadili Mohd; Ziyaad Mahomed (2022)

  • This paper aims to assess the ethical disclosure of Islamic banks (IBs) under different accounting regimes and to ascertain whether the adoption of an Islamic accounting standards (Auditing Organization for Islamic Financial Institutions [AAOIFI]) promotes the practice of ethical disclosure. An ethical identity disclosure index was developed to serve as a benchmark to assess the level of the communicated ethical identity disclosure (CEID) of 47 IBs over 18 countries using annual reports. The findings suggest that, overall, there is poor ethical disclosure practices and even banks that had some initiatives towards disclosures had no proper reference to benchmark for effective implement...

  • Adoption_of_the_COSO_methodology_for_internal_shariah_audit_Said Bouheraoua_Fares Djafri.pdf.jpg
  • Journal Article


  • Authors: Said Bouheraoua; Fares Djafri (2022)

  • Islamic financial institutions (IFIs) are required to establish a Shari'ah Governance Framework (SGF) to strengthen their Shari'ah compliance mechanism and ensure that all relevant IFI regulations are in line with Shari'ah rules and principles. Effective implementation of the Shari'ah-compliance function will further promote stakeholder confidence, as well as the integrity of IFIs, by reducing Shari'ah non-compliance risks. This study aims to examine the internal control framework developed by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and explore the extent to which it can be incorporated in the Shari'ah-compliance function of IFIs. This study adopts ...

  • Islamic_finance_in_North_America_Aishath_Kabir_Tahsin.pdf.jpg
  • Journal Article


  • Authors: M. Kabir Hassan; Tahsin Huq; Aishath Muneeza (2022)

  • Islamic finance is an alternative source of financing to the conventional financing that emerged via institutionalization in the 1960s. It has gained popularity in the world irrespective of faith convictions due to the universal and ethical principles adhered in the practice of it. In this regard, North America is not an exception. In the United States and Canada, Islamic finance has been adopted, and there is an established regulatory environment for the operation of it with political support. There is also a wide range of innovative Islamic finance products structured and used in this part of the world that is conducive to the demand of the population and regulatory environment of I...

  • Competition_stability_relationship_in_dual_banking_systems_Moutaz et al.pdf.jpg
  • Journal Article


  • Authors: Mudeer Ahmed Khattak; Omar Alaeddin; Moutaz Abojeib (2022)

  • This research attempts to explore the impact of banking competition on financial stability employing more precise measure of market power. It was found that Islamic banks are less stable and are enjoying lower market power. The analysis shows that higher market competition makes the banking sector vulnerable to defaults, supporting the "competition-fragility view". This research finds no difference in the relationship for Islamic banks indicates that Islamic banks might be involved in traditional banking activities as conventional banks. The results are consistent and robust to different estimation approaches and subsamples. This research carries regulatory and policy implications.

  • Product_market_fluidity_and_religious_constraints_Shamsher et al.pdf.jpg
  • Journal Article


  • Authors: Zaheer Anwer; Shamsher Mohamad Ramadili Mohd; Choudhary Wajahat Naeem Azmi; Akram Shavkatovich Hasanov (2022)

  • We use a sample of 5,863 US firms to investigate how religious constraints affect the product market fluidity for Shariah compliant (SC) firms. The study is important as Islamic asset management is emerging as an alternative investment class. We find that SC firms are less exposed to product market threats in relation to Shariah non-compliant (SNC) firms. They are more competitive in the case of less concentrated markets, lower market share, equity multiplier, market/book assets ratio, experience lower asset growth, and spend little on research and development. Their competitive position is strengthened when their return on assets, sales and retained earnings are lower.

  • The_sociology_of_reading_among_Malaysian_youths_Baharom et al.pdf.jpg
  • Journal Article


  • Authors: Ratneswary Rasiah; Harpaljit Kaur; Baharom Abdul Hamid; Jason James Turner; Muzafar Shah Habibullah; Dayang Affizzah Awang Marikan; Nallammai Singaram (2022)

  • Malaysia established its Eleventh Malaysia Plan (11MP) to achieve sustainable economic development, with one of its primary strategic thrusts being "accelerating human capital development for an advanced nation." This study examines one aspect of human capital development by reviewing the reading habits of Malaysian youths and the conjecture surrounding a 'crisis' among youths and their engagement with reading, to foster a culture of reading to improve education, focusing on human behavioral interventions to increase environmental knowledge and awareness, and developing human capital with pro-environmental behavior. Data from 250 valid questionnaires was analyzed using the variance-ba...

  • The_impact_of_reading_habits_and_their_antecedents_on_the_subjective_well-being_of_Malaysian_youths_Baharom et al.pdf.jpg
  • Journal Article


  • Authors: Harpaljit Kaur; Ratneswary Rasiah; Baharom Abdul Hamid; Muzafar Shah Habibullah; Jason James Turner; Dayang Affizzah Awang Marikan (2022)

  • The well-being of youths is a crucial concern, and the pandemic has further expatiated their well-being There is a need to foster positive well-being among youths experiencing a rapid developmental change in their lives and choosing their environments which can be accomplished through reading. The goal of this study was to determine the perceived influence of reading attitude, perceived behavioural control, and subjective norm on adolescents' reading habits and the relationship between reading habits and subjective well-being among youths aged 15 to 24 in East and West Malaysia. The current study used a survey questionnaire gathered from 813 responders from East and West Malaysia an...

  • Conceptual_framework_of_internal_Shariah_audit_effectiveness_factors_in_Islamic_banks_Younes et al.pdf.jpg
  • Journal Article


  • Authors: Latifah Algabry; Syed Musa Alhabshi; Younes Soualhi; Omar Alaeddin (2020)

  • The main purpose of this research is to figure out the most effective determinants that play a vital role in enhancing the effectiveness of the internal Shari'ah audit in the Islamic banking industry. This paper reviews the existing literature to build comprehensive knowledge that would assist in determining the main factors that impact on the effectiveness of Shari'ah audit in Islamic banks. This research proposes a conceptual framework of factors that impact on Shari'ah audit effectiveness in IBs based on previously published studies. The proposed framework includes external and internal factors as well as internal Shari'ah audit structure, process and requirements. First, the regul...

  • Evidence_in_the_Quran_related_to_credit_card_transactions_Younes_Ahmad.pdf.jpg
  • Journal Article


  • Authors: Ahmad Abdur-Raheem Sabree; Younes Soualhi (2015)

  • The common academic discourse within Islamic banking related to the use of credit cards has generally been silent on Islamic interpretations and analysis of the technological aspects of the transactions. There seems to be a gap of understanding amongst academicians as to how these technologies work and therefore little has been addressed as to the ethical nature embedded into the structure of the commonly used technologies in banking. This paper addresses the technology behind credit cards and seeks to elaborate the Islamic context in which the various aspects of the technology can be interpreted. The purpose for writing this paper is to show that the basic principles behind how cr...

  • Challenges_of_developing_takaful_retirement_annuity_plan_in_Malaysia_Younes.pdf.jpg
  • Journal Article


  • Authors: Younes Soualhi (2017)

  • This paper aims to explore the challenges facing the development of a takaful retirement annuity plan in Malaysia. It also aims at exploring a new platform to re-launch the same product after being withdrawn from the Malaysian annuity market a few years ago. The research adopts a qualitative approach to address the possible challenges hindering the development of a takaful retirement annuity plan in Malaysia. The research will not discuss the Shari'ah issues deemed settled in previous researches but will only focus on technical challenges related to the instruments of investment and prudential measures. The research found that various challenges face the development of a takaful annui...

  • The_practice_of_takaful_benefit_nomination_in_the_context_of_IFSA_2013_Younes_Saba.pdf.jpg
  • Journal Article


  • Authors: Saba' Radwan Jamal Elatrash; Younes Soualhi (2016)

  • Nomination, in the context of takaful (Islamic insurance), involves the takaful participant nominating a person to receive the takaful benefits in the event of the participant's death before the maturity of the takaful plan. Distribution of the takaful benefits that are to be received upon maturity of the takaful plan is a main concern arising in family takaful, an Islamic alternative to life insurance. Upon the death of the participant, the takaful benefits may either be payable to the estate of the participant or to a person nominated by the participant as the sole recipient of the benefits of such a takaful policy. The effect of such a nomination is the central focus of this resear...

  • Application_of_Shariah_contracts_in_contemporary_Islamic_finance_Younes.pdf.jpg
  • Journal Article


  • Authors: Younes Soualhi (2015)

  • This research exposes the underlying maqasid embedded in Shari'ah contracts as applied in Islamic banking and finance. It addresses the problem of not observing maqasid in nominated and combined Shari'ah contracts as well as the problem of not sufficiently imbuing maqasid in products developed by Islamic financial institutions. As a benchmark of the maqasid of wealth, the research adopts Ibn 'Ashur's classification of maqasid to evaluate the conformity of Shari'ah contracts to Maqasid al-Shari'ah namely, justice, circulation, transparency, and firmness. The study focuses on three markets related to the application of Shari'ah contracts, namely, banking, Islamic capital market, and tak...

  • beer.12384.pdf.jpg
  • Journal Article


  • Authors: Shinaj Valangattil Shamsudheen; Saiful Azhar Rosly (2021)

  • This study aims to examine the ethical dimensions of Islamic bankers, with a reference to the factors influencing decision-making behavior related to ethical issues based on al-Ghazali's ethical philosophy. The findings reveal the manner in which Islamic banking practitioners brace themselves into situations that warrant the use of reason in making decisions related to ethical issues, where desires tend to dominate human choices. While the guidance of divine knowledge has been found to be ineffective in decision-making, the element of satanic force was found to significantly influence this process. The insignificant heterogeneous effect of work experience suggests that banking author...

  • Surplus_distribution_in_current_takaful_operations_Younes.pdf.jpg
  • Journal Article


  • Authors: Younes Soualhi (2016)

  • This research addresses a number of issues related to surplus distribution in takaful. The first section is devoted to revisiting the main financial concepts related to the surplus such as underwriting surplus and profit. Modes of distribution such as pro-rata and offsetting will also be discussed in the light of equity principle advocated by the Shari'ah. The second section deals with the major juristic views and doctrines delineated against and in favour of surplus distribution. Legal doctrines such as ownership or otherwise surplus after donation will be meticulously discussed and reviewed in light of the current practices of takaful operators. The last section deals with a general...

  • Indicators_of_takaful_awareness_among_Kuwaitis_Younes_Ahmad.pdf.jpg
  • Journal Article


  • Authors: Younes Soualhi; Ahmad Al Razni Al Shammari (2015)

  • This research examines the awareness of takaful among Kuwaitis. It endeavours to determine any significant differences and conformities between demographic variables and the four aspects of awareness concerning general information, the features of takaful, Shari'ah compliances, and motives of takaful. The research adopted a quantitative research design. Descriptive, T-test, ANOVA, and Discriminant analyses were employed to analyse the data collected via questionnaires. The research sample consisted of a total of 640 Kuwaitis from which 52% of the participants have not heard of takaful despite the existence of 14 takaful operators in Kuwait. More than 60% of the participants were unsur...

  • The_role_of_technology_in_enhancing_Islamic_social_financing_in_assisting_poor_communities_in_the_post_COVID-19_era_Aishath.pdf.jpg
  • Journal Article


  • Authors: Aishath Muneeza (2021)

  • Although Islamic social finance is a relatively new term compared to Islamic commercial finance, there is ample evidence to prove that it has always been in practice in Muslim societies. For instance, zakat as the third pillar of Islam, is implemented and practiced as a form of 'ibadah (worship). The types of Islamic social financial instruments include zakat, sadaqat and infaq, waqf, takaful and microfinance in line with Islamic law of contracts. Using technology, the challenges facing the effective collection, management and distribution of these modes of Islamic social finance can be resolved. However, to adopt technology in this regard, some initial considerations and investments ...

  • item.jpg
  • Journal Article


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

  • This study aims to examine the impact of information overload (referred to as the saddling effect in this study) of underlying contracts on the sales performance of the salesforce at takaful institutions with special reference to addressing the heterogeneous effect among distribution channels. A total of 311 samples were collected from the sales professionals of the takaful industry in Malaysia 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 modeling and multi-group analysis. Empirical results indicate that the saddling effect of the underlying contra...

  • Dividend_payout_policy_of_Shariah_compliant_firms_Shamsher et al.pdf.jpg
  • Journal Article


  • Authors: Zaheer Anwer; Shamsher Mohamad Ramadili Mohd; Andrea Paltrinieri; M. Kabir Hassan (2021)

  • This paper investigates the effects of religious screening on payout behavior of US firms. Shariah compliant (SC) indices serve as suitable sample as they are emerging as alternative investment class in the last two decades. Through an analysis of a sample of US firms belonging to Dow Jones proprietary database for the period 2006-2018, this study provides evidence that SC firms are more prone to make total payout, cash dividends and repurchases. We use panel logistic regressions with industry and year fixed effects. The findings reveal that the drivers of higher propensity of total payout are higher profitability, higher retained earnings, lower debt capital structure and lower asset...

  • Reconciling_selection_criteria_of_Islamic_banking_services_Ziyaad_Shamsher.pdf.jpg
  • Journal Article


  • Authors: Shinaj Valangattil Shamsudheen; Ziyaad Mahomed; Shamsher Mohamad Ramadili Mohd (2021)

  • This paper aims to investigate the differences in patronage factors influencing "retail customers" and "institutional clients" to bank Islamically and to identify the reasons bankers perceive that their customers' bank with them in the United Arab Emirates (UAE). A total of 237; 416; and 70 balanced responses were collected from Islamic bankers, retail customers and institutional clients of UAE, respectively. Weighted average scores were computed for ranking the selection criteria factors across the data set and paired comparison analysis was conducted to analyse the variation of selection criteria between the data sets. Empirical results indicate that Islamic banking practitioners ma...

Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 707

Journal Article : [707]

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 707
  • Al-tajribat al-Maliziya fi al-tamin al-takafuli_Fares_Mohamad Akram.pdf.jpg
  • Journal Article


  • Authors: Fares Djafri; Mohamad Akram Laldin (2022)

  • According to the Islamic financial services industry stability report published by IFSB in 2019, the takaful contributions in Southeast Asia were estimated to have reached US$ 3.86 billion in 2017, and Malaysia ranked first with total contributions of US$ 2.77 billion, which represented 70% of the total takaful contributions in Southeast Asia. In light of this, this paper examines the development of takaful industry at the global level, the emergence and development of the takaful industry in Malaysia, the contractual relationships governing the practice of takaful in Malaysia, and the main factors which make Malaysia as one of the pioneering models in takaful in Southeast Asia regi...

  • Communicated_ethical_identity_disclosure_CEID_of_Islamic_banks_under_the_AAOIFI_and_IFRS_acccounting_regimes_Anouar_Zulkarnain_Shamsher_Ziyaad.pdf.jpg
  • Journal Article


  • Authors: Mohamed Anouar Gadhoum; Zulkarnain Muhamad Sori; Shamsher Mohamad Ramadili Mohd; Ziyaad Mahomed (2022)

  • This paper aims to assess the ethical disclosure of Islamic banks (IBs) under different accounting regimes and to ascertain whether the adoption of an Islamic accounting standards (Auditing Organization for Islamic Financial Institutions [AAOIFI]) promotes the practice of ethical disclosure. An ethical identity disclosure index was developed to serve as a benchmark to assess the level of the communicated ethical identity disclosure (CEID) of 47 IBs over 18 countries using annual reports. The findings suggest that, overall, there is poor ethical disclosure practices and even banks that had some initiatives towards disclosures had no proper reference to benchmark for effective implement...

  • Adoption_of_the_COSO_methodology_for_internal_shariah_audit_Said Bouheraoua_Fares Djafri.pdf.jpg
  • Journal Article


  • Authors: Said Bouheraoua; Fares Djafri (2022)

  • Islamic financial institutions (IFIs) are required to establish a Shari'ah Governance Framework (SGF) to strengthen their Shari'ah compliance mechanism and ensure that all relevant IFI regulations are in line with Shari'ah rules and principles. Effective implementation of the Shari'ah-compliance function will further promote stakeholder confidence, as well as the integrity of IFIs, by reducing Shari'ah non-compliance risks. This study aims to examine the internal control framework developed by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) and explore the extent to which it can be incorporated in the Shari'ah-compliance function of IFIs. This study adopts ...

  • Islamic_finance_in_North_America_Aishath_Kabir_Tahsin.pdf.jpg
  • Journal Article


  • Authors: M. Kabir Hassan; Tahsin Huq; Aishath Muneeza (2022)

  • Islamic finance is an alternative source of financing to the conventional financing that emerged via institutionalization in the 1960s. It has gained popularity in the world irrespective of faith convictions due to the universal and ethical principles adhered in the practice of it. In this regard, North America is not an exception. In the United States and Canada, Islamic finance has been adopted, and there is an established regulatory environment for the operation of it with political support. There is also a wide range of innovative Islamic finance products structured and used in this part of the world that is conducive to the demand of the population and regulatory environment of I...

  • Competition_stability_relationship_in_dual_banking_systems_Moutaz et al.pdf.jpg
  • Journal Article


  • Authors: Mudeer Ahmed Khattak; Omar Alaeddin; Moutaz Abojeib (2022)

  • This research attempts to explore the impact of banking competition on financial stability employing more precise measure of market power. It was found that Islamic banks are less stable and are enjoying lower market power. The analysis shows that higher market competition makes the banking sector vulnerable to defaults, supporting the "competition-fragility view". This research finds no difference in the relationship for Islamic banks indicates that Islamic banks might be involved in traditional banking activities as conventional banks. The results are consistent and robust to different estimation approaches and subsamples. This research carries regulatory and policy implications.

  • Product_market_fluidity_and_religious_constraints_Shamsher et al.pdf.jpg
  • Journal Article


  • Authors: Zaheer Anwer; Shamsher Mohamad Ramadili Mohd; Choudhary Wajahat Naeem Azmi; Akram Shavkatovich Hasanov (2022)

  • We use a sample of 5,863 US firms to investigate how religious constraints affect the product market fluidity for Shariah compliant (SC) firms. The study is important as Islamic asset management is emerging as an alternative investment class. We find that SC firms are less exposed to product market threats in relation to Shariah non-compliant (SNC) firms. They are more competitive in the case of less concentrated markets, lower market share, equity multiplier, market/book assets ratio, experience lower asset growth, and spend little on research and development. Their competitive position is strengthened when their return on assets, sales and retained earnings are lower.

  • The_sociology_of_reading_among_Malaysian_youths_Baharom et al.pdf.jpg
  • Journal Article


  • Authors: Ratneswary Rasiah; Harpaljit Kaur; Baharom Abdul Hamid; Jason James Turner; Muzafar Shah Habibullah; Dayang Affizzah Awang Marikan; Nallammai Singaram (2022)

  • Malaysia established its Eleventh Malaysia Plan (11MP) to achieve sustainable economic development, with one of its primary strategic thrusts being "accelerating human capital development for an advanced nation." This study examines one aspect of human capital development by reviewing the reading habits of Malaysian youths and the conjecture surrounding a 'crisis' among youths and their engagement with reading, to foster a culture of reading to improve education, focusing on human behavioral interventions to increase environmental knowledge and awareness, and developing human capital with pro-environmental behavior. Data from 250 valid questionnaires was analyzed using the variance-ba...

  • The_impact_of_reading_habits_and_their_antecedents_on_the_subjective_well-being_of_Malaysian_youths_Baharom et al.pdf.jpg
  • Journal Article


  • Authors: Harpaljit Kaur; Ratneswary Rasiah; Baharom Abdul Hamid; Muzafar Shah Habibullah; Jason James Turner; Dayang Affizzah Awang Marikan (2022)

  • The well-being of youths is a crucial concern, and the pandemic has further expatiated their well-being There is a need to foster positive well-being among youths experiencing a rapid developmental change in their lives and choosing their environments which can be accomplished through reading. The goal of this study was to determine the perceived influence of reading attitude, perceived behavioural control, and subjective norm on adolescents' reading habits and the relationship between reading habits and subjective well-being among youths aged 15 to 24 in East and West Malaysia. The current study used a survey questionnaire gathered from 813 responders from East and West Malaysia an...

  • Conceptual_framework_of_internal_Shariah_audit_effectiveness_factors_in_Islamic_banks_Younes et al.pdf.jpg
  • Journal Article


  • Authors: Latifah Algabry; Syed Musa Alhabshi; Younes Soualhi; Omar Alaeddin (2020)

  • The main purpose of this research is to figure out the most effective determinants that play a vital role in enhancing the effectiveness of the internal Shari'ah audit in the Islamic banking industry. This paper reviews the existing literature to build comprehensive knowledge that would assist in determining the main factors that impact on the effectiveness of Shari'ah audit in Islamic banks. This research proposes a conceptual framework of factors that impact on Shari'ah audit effectiveness in IBs based on previously published studies. The proposed framework includes external and internal factors as well as internal Shari'ah audit structure, process and requirements. First, the regul...

  • Evidence_in_the_Quran_related_to_credit_card_transactions_Younes_Ahmad.pdf.jpg
  • Journal Article


  • Authors: Ahmad Abdur-Raheem Sabree; Younes Soualhi (2015)

  • The common academic discourse within Islamic banking related to the use of credit cards has generally been silent on Islamic interpretations and analysis of the technological aspects of the transactions. There seems to be a gap of understanding amongst academicians as to how these technologies work and therefore little has been addressed as to the ethical nature embedded into the structure of the commonly used technologies in banking. This paper addresses the technology behind credit cards and seeks to elaborate the Islamic context in which the various aspects of the technology can be interpreted. The purpose for writing this paper is to show that the basic principles behind how cr...

  • Challenges_of_developing_takaful_retirement_annuity_plan_in_Malaysia_Younes.pdf.jpg
  • Journal Article


  • Authors: Younes Soualhi (2017)

  • This paper aims to explore the challenges facing the development of a takaful retirement annuity plan in Malaysia. It also aims at exploring a new platform to re-launch the same product after being withdrawn from the Malaysian annuity market a few years ago. The research adopts a qualitative approach to address the possible challenges hindering the development of a takaful retirement annuity plan in Malaysia. The research will not discuss the Shari'ah issues deemed settled in previous researches but will only focus on technical challenges related to the instruments of investment and prudential measures. The research found that various challenges face the development of a takaful annui...

  • The_practice_of_takaful_benefit_nomination_in_the_context_of_IFSA_2013_Younes_Saba.pdf.jpg
  • Journal Article


  • Authors: Saba' Radwan Jamal Elatrash; Younes Soualhi (2016)

  • Nomination, in the context of takaful (Islamic insurance), involves the takaful participant nominating a person to receive the takaful benefits in the event of the participant's death before the maturity of the takaful plan. Distribution of the takaful benefits that are to be received upon maturity of the takaful plan is a main concern arising in family takaful, an Islamic alternative to life insurance. Upon the death of the participant, the takaful benefits may either be payable to the estate of the participant or to a person nominated by the participant as the sole recipient of the benefits of such a takaful policy. The effect of such a nomination is the central focus of this resear...

  • Application_of_Shariah_contracts_in_contemporary_Islamic_finance_Younes.pdf.jpg
  • Journal Article


  • Authors: Younes Soualhi (2015)

  • This research exposes the underlying maqasid embedded in Shari'ah contracts as applied in Islamic banking and finance. It addresses the problem of not observing maqasid in nominated and combined Shari'ah contracts as well as the problem of not sufficiently imbuing maqasid in products developed by Islamic financial institutions. As a benchmark of the maqasid of wealth, the research adopts Ibn 'Ashur's classification of maqasid to evaluate the conformity of Shari'ah contracts to Maqasid al-Shari'ah namely, justice, circulation, transparency, and firmness. The study focuses on three markets related to the application of Shari'ah contracts, namely, banking, Islamic capital market, and tak...

  • beer.12384.pdf.jpg
  • Journal Article


  • Authors: Shinaj Valangattil Shamsudheen; Saiful Azhar Rosly (2021)

  • This study aims to examine the ethical dimensions of Islamic bankers, with a reference to the factors influencing decision-making behavior related to ethical issues based on al-Ghazali's ethical philosophy. The findings reveal the manner in which Islamic banking practitioners brace themselves into situations that warrant the use of reason in making decisions related to ethical issues, where desires tend to dominate human choices. While the guidance of divine knowledge has been found to be ineffective in decision-making, the element of satanic force was found to significantly influence this process. The insignificant heterogeneous effect of work experience suggests that banking author...

  • Surplus_distribution_in_current_takaful_operations_Younes.pdf.jpg
  • Journal Article


  • Authors: Younes Soualhi (2016)

  • This research addresses a number of issues related to surplus distribution in takaful. The first section is devoted to revisiting the main financial concepts related to the surplus such as underwriting surplus and profit. Modes of distribution such as pro-rata and offsetting will also be discussed in the light of equity principle advocated by the Shari'ah. The second section deals with the major juristic views and doctrines delineated against and in favour of surplus distribution. Legal doctrines such as ownership or otherwise surplus after donation will be meticulously discussed and reviewed in light of the current practices of takaful operators. The last section deals with a general...

  • Indicators_of_takaful_awareness_among_Kuwaitis_Younes_Ahmad.pdf.jpg
  • Journal Article


  • Authors: Younes Soualhi; Ahmad Al Razni Al Shammari (2015)

  • This research examines the awareness of takaful among Kuwaitis. It endeavours to determine any significant differences and conformities between demographic variables and the four aspects of awareness concerning general information, the features of takaful, Shari'ah compliances, and motives of takaful. The research adopted a quantitative research design. Descriptive, T-test, ANOVA, and Discriminant analyses were employed to analyse the data collected via questionnaires. The research sample consisted of a total of 640 Kuwaitis from which 52% of the participants have not heard of takaful despite the existence of 14 takaful operators in Kuwait. More than 60% of the participants were unsur...

  • The_role_of_technology_in_enhancing_Islamic_social_financing_in_assisting_poor_communities_in_the_post_COVID-19_era_Aishath.pdf.jpg
  • Journal Article


  • Authors: Aishath Muneeza (2021)

  • Although Islamic social finance is a relatively new term compared to Islamic commercial finance, there is ample evidence to prove that it has always been in practice in Muslim societies. For instance, zakat as the third pillar of Islam, is implemented and practiced as a form of 'ibadah (worship). The types of Islamic social financial instruments include zakat, sadaqat and infaq, waqf, takaful and microfinance in line with Islamic law of contracts. Using technology, the challenges facing the effective collection, management and distribution of these modes of Islamic social finance can be resolved. However, to adopt technology in this regard, some initial considerations and investments ...

  • item.jpg
  • Journal Article


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

  • This study aims to examine the impact of information overload (referred to as the saddling effect in this study) of underlying contracts on the sales performance of the salesforce at takaful institutions with special reference to addressing the heterogeneous effect among distribution channels. A total of 311 samples were collected from the sales professionals of the takaful industry in Malaysia 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 modeling and multi-group analysis. Empirical results indicate that the saddling effect of the underlying contra...

  • Dividend_payout_policy_of_Shariah_compliant_firms_Shamsher et al.pdf.jpg
  • Journal Article


  • Authors: Zaheer Anwer; Shamsher Mohamad Ramadili Mohd; Andrea Paltrinieri; M. Kabir Hassan (2021)

  • This paper investigates the effects of religious screening on payout behavior of US firms. Shariah compliant (SC) indices serve as suitable sample as they are emerging as alternative investment class in the last two decades. Through an analysis of a sample of US firms belonging to Dow Jones proprietary database for the period 2006-2018, this study provides evidence that SC firms are more prone to make total payout, cash dividends and repurchases. We use panel logistic regressions with industry and year fixed effects. The findings reveal that the drivers of higher propensity of total payout are higher profitability, higher retained earnings, lower debt capital structure and lower asset...

  • Reconciling_selection_criteria_of_Islamic_banking_services_Ziyaad_Shamsher.pdf.jpg
  • Journal Article


  • Authors: Shinaj Valangattil Shamsudheen; Ziyaad Mahomed; Shamsher Mohamad Ramadili Mohd (2021)

  • This paper aims to investigate the differences in patronage factors influencing "retail customers" and "institutional clients" to bank Islamically and to identify the reasons bankers perceive that their customers' bank with them in the United Arab Emirates (UAE). A total of 237; 416; and 70 balanced responses were collected from Islamic bankers, retail customers and institutional clients of UAE, respectively. Weighted average scores were computed for ranking the selection criteria factors across the data set and paired comparison analysis was conducted to analyse the variation of selection criteria between the data sets. Empirical results indicate that Islamic banking practitioners ma...

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