Journal Article : [548]

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Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 548
  • towards_conceptualizing_ethical_decision-making_model_marketing_religious–humanistic_approach_special_reference_ethical_philosophy_Islam_saiful.pdf.jpg
  • Journal Article


  • Authors: Shamsudheen, Shinaj Valangattil; Rosly, Saiful Azhar (2019)

  • This paper aims to present a synthesized conceptual model for ethical decision-making in marketing that accommodates both humanistic and religious aspects. A religious-humanistic approach is adopted on synthesizing. “Ferrell and Gresham’s (1985) contingency framework for ethical decision-making in marketing” and “Al-Ghazali’s ethical philosophy” are considered to be the theoretical base for the synthesized model. Al-Ghazali’s ethical philosophy that stands for the religious dimension in this study was found appropriate for incorporating into the Ferrell and Gresham contingency framework for ethical decision-making in marketing. The approach (religious-humanistic) adopted for synthesiz...

  • brief_history_waqf_Islamic_socio-financial_insttuton_philanthropic_endowment_magda.pdf.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda (2019)

  • Abu Hurairah (May Allah be pleased with him) reported Allah's Messenger (PBUH) as saying: When a man dies his acts come to an end, except three things, recurring charity, or knowledge (by which people benefit), or pious offspring, who pray for him. (Sahih Muslim). Looking at the economic situation of Muslim countries today in terms of their high unemployment rate, high illiteracy rate, lack of healthcare, inadequate transport facilities, the spread of poverty and the low level of food production encourages the author to look at the institution of waqf more profound as an authentic socio-financial tool to help minimize such problems. This raises the following questions; what role did t...

  • impact_situational_factors_ethical_choice_survey_Islamic_banking_practitioners_UAE_saiful.pdf.jpg
  • Journal Article


  • Authors: Shamsudheen, Shinaj Valangattil; Rosly, Saiful Azhar (2020)

  • The purpose of this paper is to use Ferrell and Gresham (1985) contingency model to examine the impact of situational factors on decision-making behaviour related to ethical issues of Islamic banking practitioners. A total of 262 samples are collected from Islamic banking practitioners in the United Arab Emirates (UAE) and data analysis is conducted using structural equation modelling (SEM) with a confirmatory approach. The empirical findings indicate that decision-making behaviour related to ethical issues of Islamic banking practitioners is significantly influenced in the process of interacting with persons who are part of the organisation, and these influences are determined by the...

  • application_statutes_limitations_Islamic_banking_case_Malaysia_aishath.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath; Mustapha, Zakariya (2020)

  • Limitations of action designate extent of time after an event, as set by statutes of limitations, within which legal action can be initiated by a party to a transaction. No event is actionable outside the designated time as same is rendered statute-barred. This study aims to provide an insight into application and significance of Limitations Act 1950 and Limitation Ordinance 1952 to Islamic banking matters in Malaysia as well as Shariah viewpoint on the issue of limitation of action. In conducting the study, a qualitative research methodology is employed where reported Islamic banking cases from 1983 to 2018 in Malaysia were reviewed and analysed to ascertain the application of those ...

  • comment_economic_reforms_aftermath_regime_change_Malaysia_ariff.pdf.jpg
  • Journal Article


  • Authors: Abdul Kareem, Mohamed Ariff (2020)

  • Lee (2020) provides a fairly crispy analysis of economic reforms underway in Malaysia subsequent to the dramatic regime change through the ballot box on May 9, 2018. As is often said, there is more to it than meets the eye. Economic reforms have long been overdue in Malaysia. There were no reforms even in the aftermath of the 1997-1998 Asian Financial Crisis. While many affected countries in the region, including South Korea, Thailand and Indonesia, undertook serious reforms with International Monetary Fund (IMF) guidance in the wake of currency meltdown and political upheaval, Malaysia remained in a denial mode, blaming currency speculators. Malaysia was able to desist IMF interventi...

  • what_drives_financial_performance_general_takaful_companies_baharom_et_al.pdf.jpg
  • Journal Article


  • Authors: Kantakji, Mazhar Hallak; Abdul Hamid, Baharom; Alhabshi, Syed Othman (2020)

  • This study aims to identify the internal and external factors affecting the financial performance of general takaful companies operating in Saudi Arabia, Malaysia, UAE, Qatar and Pakistan, using an unbalanced panel data set consisting of 53 companies. Data were hand-collected from the official financial reports of takaful companies. Two performance measures, namely, net investment income and investment yield, are used to capture the different aspects of the takaful investment operations. Based on relevant theory and literature, these measures are related to three economic variables, namely, GDP per capita, equity returns and interest rate, and four company-specific variables, namely, ...

  • nexus_between_oil_price_islamic_stock_markets_Africa_wavelet_multivariate-GARCH_approach_baharom.pdf.jpg
  • Journal Article


  • Authors: M.Abdulkarim, Fatima; Akinlaso, Mustapha I.; Abdul Hamid, Baharom; Ali, Hamisu S. (2020)

  • The goal of this paper is to address the relationship between crude oil-price changes on some selected African Islamic indices, using daily data from May 4, 2011, to January 25, 2018. We employed three main techniques: MODWT, CWT, and multivariate-GARCH-DCC, to analyze whether these markets have any diversification opportunities. Our findings reveal that, first, the results of MODWT shows Egyptian Islamic index leading all indices. Second, CWT results show that investors would gain diversification benefits in almost all markets (except South Africa) and enjoy the benefit that comes with long-term investments. Third, we observed low correlations between the Egyptian and Tunisian Islami...

  • modified_reverse_salam_product_innovative_alternative_mobilizing_fixed_deposits_aishath.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath (2019)

  • With the fintech (financial technology) solutions available in the market today, innovative ways to provide financial inclusion is needed. However, the most critical challenge in the arena is the limited availability of sharia-compliant investment avenues in some of the jurisdictions of the world where Islamic banking and finance has not yet fully taken off. The main objective of this research is to introduce a universally accepted mechanism using salam, one of the least used Islamic finance contracts in Islamic commercial banking for mobilizing fixed deposits. This will be ideal to be used in jurisdictions with limited sharia-compliant avenues. This is exploratory legal research that...

  • determinants_perceived_auditor_independence_Malaysian_financially_distressed_companies_zulkarnain.pdf.jpg
  • Journal Article


  • Authors: Dharmaraj, Joyce Christina; Muhamad Sori, Zulkarnain; Mohd Saat, Nur Ashikin (2017)

  • The determinants of perceived auditor independence were identified for financially distressed companies in Malaysia. These determinants included country-specific variables such as ethnicity - specifically, of the external auditor, directors, and majority shareholders - and political connection. A survey captured the perceptions of practitioners registered with the Malaysian Institute of Accountants and the data was factor analyzed. The focus on financially distressed companies and the inclusion of country-specific variables resulted in a different combination of determinants from existing auditor independence literature.

  • book_review_science_Islam_west_aishath.PDF.jpg
  • Journal Article


  • Authors: Wajeeh, Ismail Azzam; Muneeza, Aishath (2011)

  • As the Greek Philosopher Heraclitus stated one cannot step twice into the same river. (Vago S, (1999)) similarly the world is constantly changing as well. There have been pivotal junctions in time when nations and civilisations took turns towards reform and exponential development. The revolutions that have taken places over time, amongst them the industrial revolution, scientific revolution, French revolution, and other such transformations have always had a critical element of technology and science behind the proponents of the transformative efforts. Engines and machines, the glorious products of science began to revolutionise the idea of progress itself (Steven Kreis, (2001)). Def...

  • possibility_application_salam_Malaysian_Islamic_banking_system_aishath.PDF.jpg
  • Journal Article


  • Authors: Muneeza, Aishath (2011)

  • Islamic banking is flourishing in the world today. Malaysia is a leading country of it in the world. In Malaysia, there are various types of Islamic banking products used. However, salam has never been used as a mode of financing in the country, though it is utilised for sukuk or Islamic bond. Salam is an exceptional contract in Islamic law, which has been legalised to facilitate the people, especially the poor farmers. It has been stated here that Malaysia is an agricultural nation and farmers here are looking for modes to finance their productions and hence application of salam contract in Malaysia would be vital. However, the banks are hesitant to use this product due to risky fact...

  • paraphernalia_Islamic_banking_aishath.PDF.jpg
  • Journal Article


  • Authors: Hassan, Rusni; Muneeza, Aishath (2011)

  • Islamic banking is booming in the world today. Though Malaysia adopted Islamic banking in 1983, today it is the leader of this industry. The success of the Islamic banking industry depends on the nature and the behavior of the instruments utilised. Generally there are three kinds of instruments offered in an Islamic bank. They are debt based instruments, equity based instrument and lease based instrument. The most sizzling debate over the industry player is on finding out the types of instrument which are closer to the teachings of Shariah. The objective of this paper is to deliberate over this issue and to find out the reality about this.

  • knowledge_already_Islamic_why do_we_want_to_islamise_aishath.PDF.jpg
  • Journal Article


  • Authors: Wajeeh, Ismail Azzam; Muneeza, Aishath (2011)

  • The world today has become a heterogeneous village with multiple cultures, religions and ethnicities competing for wealth and prestige. We are so diverse that even among the similar, differences surface over time. In such a world it is a real challenge to manage and disseminate true knowledge. Distortions, influences and manipulations among others shape the knowledge before reaching its intended audiences. Thus what is usually referred to as 'knowledge' may not be the true or comprehensive knowledge. With a broader degree of distortion due to proponents of various ideologies attempting to manipulate knowledge to their advantage it is crucial that knowledge be understood as a mere stoo...

  • announcements_effect_corporate_name_change_failed_vs_non-failed_firms_zulkarnain_et_al.pdf.jpg
  • Journal Article


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Md Nasir, Annuar; Abdul Hamid, Mohamad Ali (2002)

  • The corporate name is the identity and pride of a corporate entity. A name change is an important corporate event and done only if the benefits out weights the costs. This study attempts to investigate whether a corporate name change has a wealth effect on the company's shareholders. It investigates the wealth effects of name change announcement concurrent with announcement of reorganisation and restructuring of the firm. Event study methodology was employed to examine the above issues with respect to failed and non-failed firms for the period from 1980 to 1996 ...

  • comment_on_protectionism_under Trump_ariff.pdf.jpg
  • Journal Article


  • Authors: Abdul Kareem, Mohamed Ariff (2020)

  • The USA under Trump has departed from its long-cherished tradition of being a leading proponent of liberal trade policies to a new norm that seeks comfort in protection-ism. Noland (2020) provides a deep insight into the political economy that explains the sudden reversal of US trade policies since 2016. In addition to furnishing an excel-lent literature survey which sheds considerable light on the issues at hand, Noland delves into an econometric analysis of the voter preferences, in which the explanatory variables are economic, demographic and cultural factors, with interaction terms.

  • bank_risk_financial_development_evidence_form_dual_banking_countries_baharom et al.pdf.jpg
  • Journal Article


  • Authors: Abdul Hamid, Baharom; Naeem Azmi, Choudhari Wajahat; Ali, Mohsin (2020)

  • This study examines the impact of financial development on bank risk-taking, measured as bank capitalization and bank income diversification. We observe the relationship using annual bank-level data from countries with dual-banking systems. The dataset spans from 2000 to 2014. Our results suggest that the impact of financial development on bank capitalization is heterogeneous across Islamic and conventional commercial banks. Moreover, the effect is different across listed and unlisted banks. However, on average, the response of income diversification to financial development is similar across most specifications. Additionally, bank risk is found to be countercyclical, suggesting that ...

  • damage_assessment_Kelantan_flooding_baharom et al.pdf.jpg
  • Journal Article


  • Authors: Padli, Jaharudin; Md. Shah, Kamarul; Musa, Haslina; Jasmi, Abu Talib; Ahmad, Jusuh; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2020)

  • This study will focus on assessing the total amount of damage and losses that has occurred during the 2014 flood disaster in Kelantan. The phenomenon of heavy rainfall during monsoon season is normal in Malaysia especially for the east coastal state areas between November to March every year. With the rainfall rate of 794mm which is 1.6 times higher than the average rainfall from the previous year, it has destroyed dwelling houses, animals, crops and also agricultural land. By using cross-sectional data analysis with Ordinary Least Square (OLS) method on 686 respondents in Kuala Krai, Kelantan, the results showed that early warning indicators such as Short Message Services (SMS) and o...

  • short-term_Shariah-compliant_Islamic_liquidity_management_instruments_sustain_Islamic_banking_aishath.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath (2020)

  • The purpose of this paper is to describe the structure of the Islamic treasury bills issued by the Central Bank of Maldives, Maldives Monetary Authority (MMA) for the benefit of those jurisdictions that aspire to introduce short term Islamic liquidity management instruments. This is exploratory research where the experience of the author in structuring the Islamic liquidity management instruments discussed in the paper. It is evident from the discussions of this paper that innovation is the key to structure Shari'ah compliant short term liquidity management instruments. The example of Maldives has proved that there is a need to amend the laws of the country to facilitate Central banks...

  • perceived_public_accounts_committee_independence_zulkarnain et al.pdf.jpg
  • Journal Article


  • Authors: Zainal Abidin, Zaharuddin; Muhamad Sori, Zulkarnain; Mat Daud, Zaidi; Senik, Rosmila (2019)

  • The objective of the study is to examine perceived Public Account Committee's (PAC) independence from the perspective of PAC members and non-PAC members. The findings indicate that for the PAC to be independence, it should be free from any form of interference from any party when exercising and conducting its responsibilities. The PAC must be free to select any topic or issue to be examined that they think important and involves the public interest. However, being independent can also be seen as a way of gaining political mileage for PAC members and also gives advantages to the opposition members too. Overall, the independence of the PAC is still debatable judging from the decision an...

  • application_tawidh_gharamah_Islamic_banking_Malaysia_aishath et al.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath; Zainudin, Nur Adibah; Ali, Ruqayyah; Ibrahim, Siti Nadzirah; Mustapha, Zakariya (2019)

  • The objective of this paper is to explore the practical application of ta'widh and gharamah in Islamic banking in Malaysia with reference to the guidelines that are applicable to date; and find out the issues detected in the implementation of them. In the course of doing this, Shariah reasons for imposing ta'widh and gharamah in Islamic banking are discussed. Also, whether ta'widh and gharamah would be required for Islamic banking with reference to possible alternatives to them is also discussed. This qualitative study primarily focuses on library research and adopts case study approach for analyzing the application of ta'widh and gharamah. The jurisdiction of the study is Malaysia be...

Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 548

Journal Article : [548]

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 548
  • towards_conceptualizing_ethical_decision-making_model_marketing_religious–humanistic_approach_special_reference_ethical_philosophy_Islam_saiful.pdf.jpg
  • Journal Article


  • Authors: Shamsudheen, Shinaj Valangattil; Rosly, Saiful Azhar (2019)

  • This paper aims to present a synthesized conceptual model for ethical decision-making in marketing that accommodates both humanistic and religious aspects. A religious-humanistic approach is adopted on synthesizing. “Ferrell and Gresham’s (1985) contingency framework for ethical decision-making in marketing” and “Al-Ghazali’s ethical philosophy” are considered to be the theoretical base for the synthesized model. Al-Ghazali’s ethical philosophy that stands for the religious dimension in this study was found appropriate for incorporating into the Ferrell and Gresham contingency framework for ethical decision-making in marketing. The approach (religious-humanistic) adopted for synthesiz...

  • brief_history_waqf_Islamic_socio-financial_insttuton_philanthropic_endowment_magda.pdf.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda (2019)

  • Abu Hurairah (May Allah be pleased with him) reported Allah's Messenger (PBUH) as saying: When a man dies his acts come to an end, except three things, recurring charity, or knowledge (by which people benefit), or pious offspring, who pray for him. (Sahih Muslim). Looking at the economic situation of Muslim countries today in terms of their high unemployment rate, high illiteracy rate, lack of healthcare, inadequate transport facilities, the spread of poverty and the low level of food production encourages the author to look at the institution of waqf more profound as an authentic socio-financial tool to help minimize such problems. This raises the following questions; what role did t...

  • impact_situational_factors_ethical_choice_survey_Islamic_banking_practitioners_UAE_saiful.pdf.jpg
  • Journal Article


  • Authors: Shamsudheen, Shinaj Valangattil; Rosly, Saiful Azhar (2020)

  • The purpose of this paper is to use Ferrell and Gresham (1985) contingency model to examine the impact of situational factors on decision-making behaviour related to ethical issues of Islamic banking practitioners. A total of 262 samples are collected from Islamic banking practitioners in the United Arab Emirates (UAE) and data analysis is conducted using structural equation modelling (SEM) with a confirmatory approach. The empirical findings indicate that decision-making behaviour related to ethical issues of Islamic banking practitioners is significantly influenced in the process of interacting with persons who are part of the organisation, and these influences are determined by the...

  • application_statutes_limitations_Islamic_banking_case_Malaysia_aishath.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath; Mustapha, Zakariya (2020)

  • Limitations of action designate extent of time after an event, as set by statutes of limitations, within which legal action can be initiated by a party to a transaction. No event is actionable outside the designated time as same is rendered statute-barred. This study aims to provide an insight into application and significance of Limitations Act 1950 and Limitation Ordinance 1952 to Islamic banking matters in Malaysia as well as Shariah viewpoint on the issue of limitation of action. In conducting the study, a qualitative research methodology is employed where reported Islamic banking cases from 1983 to 2018 in Malaysia were reviewed and analysed to ascertain the application of those ...

  • comment_economic_reforms_aftermath_regime_change_Malaysia_ariff.pdf.jpg
  • Journal Article


  • Authors: Abdul Kareem, Mohamed Ariff (2020)

  • Lee (2020) provides a fairly crispy analysis of economic reforms underway in Malaysia subsequent to the dramatic regime change through the ballot box on May 9, 2018. As is often said, there is more to it than meets the eye. Economic reforms have long been overdue in Malaysia. There were no reforms even in the aftermath of the 1997-1998 Asian Financial Crisis. While many affected countries in the region, including South Korea, Thailand and Indonesia, undertook serious reforms with International Monetary Fund (IMF) guidance in the wake of currency meltdown and political upheaval, Malaysia remained in a denial mode, blaming currency speculators. Malaysia was able to desist IMF interventi...

  • what_drives_financial_performance_general_takaful_companies_baharom_et_al.pdf.jpg
  • Journal Article


  • Authors: Kantakji, Mazhar Hallak; Abdul Hamid, Baharom; Alhabshi, Syed Othman (2020)

  • This study aims to identify the internal and external factors affecting the financial performance of general takaful companies operating in Saudi Arabia, Malaysia, UAE, Qatar and Pakistan, using an unbalanced panel data set consisting of 53 companies. Data were hand-collected from the official financial reports of takaful companies. Two performance measures, namely, net investment income and investment yield, are used to capture the different aspects of the takaful investment operations. Based on relevant theory and literature, these measures are related to three economic variables, namely, GDP per capita, equity returns and interest rate, and four company-specific variables, namely, ...

  • nexus_between_oil_price_islamic_stock_markets_Africa_wavelet_multivariate-GARCH_approach_baharom.pdf.jpg
  • Journal Article


  • Authors: M.Abdulkarim, Fatima; Akinlaso, Mustapha I.; Abdul Hamid, Baharom; Ali, Hamisu S. (2020)

  • The goal of this paper is to address the relationship between crude oil-price changes on some selected African Islamic indices, using daily data from May 4, 2011, to January 25, 2018. We employed three main techniques: MODWT, CWT, and multivariate-GARCH-DCC, to analyze whether these markets have any diversification opportunities. Our findings reveal that, first, the results of MODWT shows Egyptian Islamic index leading all indices. Second, CWT results show that investors would gain diversification benefits in almost all markets (except South Africa) and enjoy the benefit that comes with long-term investments. Third, we observed low correlations between the Egyptian and Tunisian Islami...

  • modified_reverse_salam_product_innovative_alternative_mobilizing_fixed_deposits_aishath.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath (2019)

  • With the fintech (financial technology) solutions available in the market today, innovative ways to provide financial inclusion is needed. However, the most critical challenge in the arena is the limited availability of sharia-compliant investment avenues in some of the jurisdictions of the world where Islamic banking and finance has not yet fully taken off. The main objective of this research is to introduce a universally accepted mechanism using salam, one of the least used Islamic finance contracts in Islamic commercial banking for mobilizing fixed deposits. This will be ideal to be used in jurisdictions with limited sharia-compliant avenues. This is exploratory legal research that...

  • determinants_perceived_auditor_independence_Malaysian_financially_distressed_companies_zulkarnain.pdf.jpg
  • Journal Article


  • Authors: Dharmaraj, Joyce Christina; Muhamad Sori, Zulkarnain; Mohd Saat, Nur Ashikin (2017)

  • The determinants of perceived auditor independence were identified for financially distressed companies in Malaysia. These determinants included country-specific variables such as ethnicity - specifically, of the external auditor, directors, and majority shareholders - and political connection. A survey captured the perceptions of practitioners registered with the Malaysian Institute of Accountants and the data was factor analyzed. The focus on financially distressed companies and the inclusion of country-specific variables resulted in a different combination of determinants from existing auditor independence literature.

  • book_review_science_Islam_west_aishath.PDF.jpg
  • Journal Article


  • Authors: Wajeeh, Ismail Azzam; Muneeza, Aishath (2011)

  • As the Greek Philosopher Heraclitus stated one cannot step twice into the same river. (Vago S, (1999)) similarly the world is constantly changing as well. There have been pivotal junctions in time when nations and civilisations took turns towards reform and exponential development. The revolutions that have taken places over time, amongst them the industrial revolution, scientific revolution, French revolution, and other such transformations have always had a critical element of technology and science behind the proponents of the transformative efforts. Engines and machines, the glorious products of science began to revolutionise the idea of progress itself (Steven Kreis, (2001)). Def...

  • possibility_application_salam_Malaysian_Islamic_banking_system_aishath.PDF.jpg
  • Journal Article


  • Authors: Muneeza, Aishath (2011)

  • Islamic banking is flourishing in the world today. Malaysia is a leading country of it in the world. In Malaysia, there are various types of Islamic banking products used. However, salam has never been used as a mode of financing in the country, though it is utilised for sukuk or Islamic bond. Salam is an exceptional contract in Islamic law, which has been legalised to facilitate the people, especially the poor farmers. It has been stated here that Malaysia is an agricultural nation and farmers here are looking for modes to finance their productions and hence application of salam contract in Malaysia would be vital. However, the banks are hesitant to use this product due to risky fact...

  • paraphernalia_Islamic_banking_aishath.PDF.jpg
  • Journal Article


  • Authors: Hassan, Rusni; Muneeza, Aishath (2011)

  • Islamic banking is booming in the world today. Though Malaysia adopted Islamic banking in 1983, today it is the leader of this industry. The success of the Islamic banking industry depends on the nature and the behavior of the instruments utilised. Generally there are three kinds of instruments offered in an Islamic bank. They are debt based instruments, equity based instrument and lease based instrument. The most sizzling debate over the industry player is on finding out the types of instrument which are closer to the teachings of Shariah. The objective of this paper is to deliberate over this issue and to find out the reality about this.

  • knowledge_already_Islamic_why do_we_want_to_islamise_aishath.PDF.jpg
  • Journal Article


  • Authors: Wajeeh, Ismail Azzam; Muneeza, Aishath (2011)

  • The world today has become a heterogeneous village with multiple cultures, religions and ethnicities competing for wealth and prestige. We are so diverse that even among the similar, differences surface over time. In such a world it is a real challenge to manage and disseminate true knowledge. Distortions, influences and manipulations among others shape the knowledge before reaching its intended audiences. Thus what is usually referred to as 'knowledge' may not be the true or comprehensive knowledge. With a broader degree of distortion due to proponents of various ideologies attempting to manipulate knowledge to their advantage it is crucial that knowledge be understood as a mere stoo...

  • announcements_effect_corporate_name_change_failed_vs_non-failed_firms_zulkarnain_et_al.pdf.jpg
  • Journal Article


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Md Nasir, Annuar; Abdul Hamid, Mohamad Ali (2002)

  • The corporate name is the identity and pride of a corporate entity. A name change is an important corporate event and done only if the benefits out weights the costs. This study attempts to investigate whether a corporate name change has a wealth effect on the company's shareholders. It investigates the wealth effects of name change announcement concurrent with announcement of reorganisation and restructuring of the firm. Event study methodology was employed to examine the above issues with respect to failed and non-failed firms for the period from 1980 to 1996 ...

  • comment_on_protectionism_under Trump_ariff.pdf.jpg
  • Journal Article


  • Authors: Abdul Kareem, Mohamed Ariff (2020)

  • The USA under Trump has departed from its long-cherished tradition of being a leading proponent of liberal trade policies to a new norm that seeks comfort in protection-ism. Noland (2020) provides a deep insight into the political economy that explains the sudden reversal of US trade policies since 2016. In addition to furnishing an excel-lent literature survey which sheds considerable light on the issues at hand, Noland delves into an econometric analysis of the voter preferences, in which the explanatory variables are economic, demographic and cultural factors, with interaction terms.

  • bank_risk_financial_development_evidence_form_dual_banking_countries_baharom et al.pdf.jpg
  • Journal Article


  • Authors: Abdul Hamid, Baharom; Naeem Azmi, Choudhari Wajahat; Ali, Mohsin (2020)

  • This study examines the impact of financial development on bank risk-taking, measured as bank capitalization and bank income diversification. We observe the relationship using annual bank-level data from countries with dual-banking systems. The dataset spans from 2000 to 2014. Our results suggest that the impact of financial development on bank capitalization is heterogeneous across Islamic and conventional commercial banks. Moreover, the effect is different across listed and unlisted banks. However, on average, the response of income diversification to financial development is similar across most specifications. Additionally, bank risk is found to be countercyclical, suggesting that ...

  • damage_assessment_Kelantan_flooding_baharom et al.pdf.jpg
  • Journal Article


  • Authors: Padli, Jaharudin; Md. Shah, Kamarul; Musa, Haslina; Jasmi, Abu Talib; Ahmad, Jusuh; Habibullah, Muzafar Shah; Abdul Hamid, Baharom (2020)

  • This study will focus on assessing the total amount of damage and losses that has occurred during the 2014 flood disaster in Kelantan. The phenomenon of heavy rainfall during monsoon season is normal in Malaysia especially for the east coastal state areas between November to March every year. With the rainfall rate of 794mm which is 1.6 times higher than the average rainfall from the previous year, it has destroyed dwelling houses, animals, crops and also agricultural land. By using cross-sectional data analysis with Ordinary Least Square (OLS) method on 686 respondents in Kuala Krai, Kelantan, the results showed that early warning indicators such as Short Message Services (SMS) and o...

  • short-term_Shariah-compliant_Islamic_liquidity_management_instruments_sustain_Islamic_banking_aishath.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath (2020)

  • The purpose of this paper is to describe the structure of the Islamic treasury bills issued by the Central Bank of Maldives, Maldives Monetary Authority (MMA) for the benefit of those jurisdictions that aspire to introduce short term Islamic liquidity management instruments. This is exploratory research where the experience of the author in structuring the Islamic liquidity management instruments discussed in the paper. It is evident from the discussions of this paper that innovation is the key to structure Shari'ah compliant short term liquidity management instruments. The example of Maldives has proved that there is a need to amend the laws of the country to facilitate Central banks...

  • perceived_public_accounts_committee_independence_zulkarnain et al.pdf.jpg
  • Journal Article


  • Authors: Zainal Abidin, Zaharuddin; Muhamad Sori, Zulkarnain; Mat Daud, Zaidi; Senik, Rosmila (2019)

  • The objective of the study is to examine perceived Public Account Committee's (PAC) independence from the perspective of PAC members and non-PAC members. The findings indicate that for the PAC to be independence, it should be free from any form of interference from any party when exercising and conducting its responsibilities. The PAC must be free to select any topic or issue to be examined that they think important and involves the public interest. However, being independent can also be seen as a way of gaining political mileage for PAC members and also gives advantages to the opposition members too. Overall, the independence of the PAC is still debatable judging from the decision an...

  • application_tawidh_gharamah_Islamic_banking_Malaysia_aishath et al.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath; Zainudin, Nur Adibah; Ali, Ruqayyah; Ibrahim, Siti Nadzirah; Mustapha, Zakariya (2019)

  • The objective of this paper is to explore the practical application of ta'widh and gharamah in Islamic banking in Malaysia with reference to the guidelines that are applicable to date; and find out the issues detected in the implementation of them. In the course of doing this, Shariah reasons for imposing ta'widh and gharamah in Islamic banking are discussed. Also, whether ta'widh and gharamah would be required for Islamic banking with reference to possible alternatives to them is also discussed. This qualitative study primarily focuses on library research and adopts case study approach for analyzing the application of ta'widh and gharamah. The jurisdiction of the study is Malaysia be...

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