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on Islamic Finance |
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Issue of 2019‒04‒01
five papers chosen by |
| By: | Zein Muttaqin (Department of Economics, Kulliyah of Economic and Management Sciences, International Islamic University Malaysia, Malaysia. Author-2-Name: Author-2-Workplace-Name: Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | Objective – The objective of this paper is to unfold the nature of excessive behavior in the Islamic economics framework. Methodology/Technique – This is a library research based on the various studies that specifically discuss excessive behavior and Islamic consumer behavior. The study uses a rating system to identify the relevance of content to the study and analyze content analysis. Findings – The nature of excessive behavior is condemned by Islam and is fully agreed upon by Muslim scholars. The extent of excessive behavior is not limited to certain levels of consumption. The Muslim consumer may unaware of doing the practice under the influence of a particular setting, where the pleasure of the practice is felt temporarily. Novelty – This study clarifies the terminology and nature of excessive behavior, which is unclear in previous studies conducted by Muslim scholars. Type of Paper: Review |
| Keywords: | Excessive Behavior; Islamic Economics; Consumer Behavior; Miscellaneous. |
| JEL: | A13 D01 P40 Y80 |
| Date: | 2019–03–17 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jber169&r=all |
| By: | Achsania Hendratmi (Faculty of Economics and Business, Universitas Airlangga, Indonesia. Author-2-Name: Puji Sucia Sukmaningrum Author-2-Workplace-Name: Faculty of Economics and Business, Universitas Airlangga, Jl. Airlangga No.4, 60286, Surabaya, Indonesia Author-3-Name: Muhamad Nafik Hadi Ryandono Author-3-Workplace-Name: Faculty of Economics and Business, Universitas Airlangga, Jl. Airlangga No.4, 60286, Surabaya, Indonesia Author-4-Name: Ririn Tri Ratnasari Author-4-Workplace-Name: Faculty of Economics and Business, Universitas Airlangga, Jl. Airlangga No.4, 60286, Surabaya, Indonesia Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | Objective – This study aims to determine the role of Islamic crowdfunding towards business development of start-up businesses financed in Singapore, Malaysia and Indonesia. Methodology/Technique – This study uses a qualitative approach with an exploratory case study strategy. The data collection was carried out by conducting in-depth interviews with CEOs and COOs of Kapital Boost and CEO Investee (funded SMEs) informants. Findings – The results show that there is an increase in assets, sales turnover, and the capacity of Micro, Small and Medium Enterprises (MSMEs) and Startup businesses that received funding through campaigns on the Kapital Boost platform. In addition, pioneering business people can get easier access to financing compared to financing through bank-provided credit. Novelty – The findings of this paper can be used to develop crowdfunding platform will be implemented in Muslim countries or countries with a majority Muslim population. Type of Paper: Empirical. |
| Keywords: | Crowdfunding Platforms; Islamic Crowdfunding; Business Development; MSMEs; Start-up Companies. |
| JEL: | E44 M21 M29 |
| Date: | 2019–03–19 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jber165&r=all |
| By: | Siti Sara Binti Ibrahim (Business Management Faculty, Universiti Teknoloogi MARA, Negeri Sembilan, Malaysia Author-2-Name: Abd Halim Mohd Noor Author-2-Workplace-Name: Business Management Faculty, Universiti Teknoloogi MARA, Melaka, Malaysia Author-3-Name: Shafinar Ismail Author-3-Workplace-Name: Business Management Faculty, Universiti Teknoloogi MARA, Melaka, Malaysia Author-4-Name: Roshayani Arshad Author-4-Workplace-Name: Accounting Research Institute, Universiti Teknoloogi MARA, Shah Alam, Malaysia Author-5-Name: Mohd Ali Muhamad Don Author-5-Workplace-Name: Academy of Contemporary Islamic Studies, Universiti Teknoloogi MARA, Johor, Malaysia Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | Objective – Islamic Financial Institutions (IFIs) are founded upon principles of encouraging economic wellbeing for the betterment of society. Despite this, fresh measures are required to ascertain the sustainability of IFIs due to the deterioration recorded in annual rate growth levels that has slumped to 8.2% in 2016, compared to 24.2% in 2011. Similarly, waqf, which aims to contribute to socio-economic growth, appears to underperform due to inefficient management and lack of resources from State Islamic Religious Councils (SIRCs) in Malaysia. Therefore, growing attention is given to adding value to related operations so as to continuously expand without undermining their obligation towards societal welfare. Methodology/Technique – In responding to this issue, Value-Based Intermediation (VBI) through a cross-sector collaboration strategy has been proposed in this paper to streamline the investments of IFIs in executing their business responsibilities in a strategic manner, especially to generate sustainable socio-economic growth through waqf development projects. Nonetheless, in order to strategically perform in project collaboration for sustainability, strong commitment from IFIs and SIRCs is needed. Findings – A significantly positive relationship was discovered between the independent variables (affective commitment, normative commitment, and continuous commitment) and organisational sustainability. Novelty – The paper concludes with an assumption of the readiness of both organisations in effectively developing waqf projects, along with several recommendations for future studies in further contributing to the success of waqf development which will contribute to organisational sustainability. Type of Paper: Empirical. |
| Keywords: | Islamic Financial Institutions; State Islamic Religious Councils; Strategic Collaboration; Sustainability; Value Based Intermediation. |
| JEL: | G20 G21 G29 |
| Date: | 2019–03–16 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jfbr154&r=all |
| By: | Puji Sucia Sukmaningrum (Faculty of Economics and Business, Universitas Airlangga, Indonesia Author-2-Name: Tri Nofik Indayani Author-2-Workplace-Name: Faculty of Economics and Business, Universitas Airlangga, Jl. Airlangga No.4, 60286, Surabaya, Indonesia Author-3-Name: Achsania Hendratmi Author-3-Workplace-Name: Faculty of Economics and Business, Universitas Airlangga, Jl. Airlangga No.4, 60286, Surabaya, Indonesia Author-4-Name: Sylva Alif Rusmita Author-4-Workplace-Name: Faculty of Economics and Business, Universitas Airlangga, Jl. Airlangga No.4, 60286, Surabaya, Indonesia Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | Objective – The purpose of this research is to identify the relationship between corporate performance, Good Corporate Governance (GCG), and corporate characteristics on Islamic Social Reporting disclosure in Indonesia. Methodology/Technique – A quantitative approach is applied in this research. The sample of this study consists of companies that were consistently listed on the Jakarta Islamic Index (JII) from 2012 to 2017. A purposive sampling method with certain criteria was employed to produce a total of 72 samplings. Partial Least Square (PLS) was also used to analyse the data. Findings – The results of this research indicate that corporate performance has a positive and significant effect on ISR disclosure, GCG has a positive and significant effect on ISR disclosure, and corporate characteristics have a negative and insignificant effect on ISR disclosure. Novelty – Islamic Social Reporting is the answer and solution to the needs of the interested parties concerned with the company's financial statements. ISR becomes a very important thing for the reputation and performance of Islamic financial institutions. Islamic financial institutions that succeed in revealing their ISR value will be perceived as a reliable entity by the Muslim community in channelling their fund. Type of Paper: Empirical. |
| Keywords: | Islamic Social Reporting; Corporate Performance; Good Corporate Governance; Corporate Characteristics. |
| JEL: | M40 M41 M49 |
| Date: | 2019–03–18 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:afr168&r=all |
| By: | Yarlina Yacoub (Universitas Tanjungpura, Indonesia Author-2-Name: Nindya Lestari Author-2-Workplace-Name: Universitas Tanjungpura, Indonesia Author-3-Name: Author-3-Workplace-Name: Author-4-Name: Author-4-Workplace-Name: Author-5-Name: Author-5-Workplace-Name: Author-6-Name: Author-6-Workplace-Name: Author-7-Name: Author-7-Workplace-Name: Author-8-Name: Author-8-Workplace-Name:) |
| Abstract: | Objective – This study aims to determine the relationship between FDI and trade and its effect on economic growth in ASEAN-5 countries using the Engel-Granger causality method. Methodology/Technique – The study uses OLS panel regression analysis to identify the relationship between the variables in each country. The results of the Engel-Granger causality test indicate that there is a two-way relationship between economic growth and FDI, and economic growth and international trade. Findings – When tested together through panel regression, it is concluded that the best model is a random effect method (REM) in which FDI and international trade significantly influence economic growth in the same direction. However, the relationship between FDI and international trade and its effect on economic growth in Indonesia, the Philippines and Thailand was negative, whilst in Malaysia and Singapore the relationship has a directional trend. Novelty – To reinforce the FDI inflows, authorities should continue the progressive reduction of barriers, and increase the sophistication of quality exports to compete in the global market. This paper is the first of its kind to analyze the role of both FDI and exports in the ASEAN5 economies using panel analysis. Type of Paper: Empirical. |
| Keywords: | Economic Growth; FDI; Openness; Engle-Granger Causality. |
| JEL: | F02 F10 F41 |
| Date: | 2019–03–13 |
| URL: | http://d.repec.org/n?u=RePEc:gtr:gatrjs:jber164&r=all |