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on Islamic Finance |
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Issue of 2019‒12‒23
nine papers chosen by |
| By: | Alam, Md. Mahmudul (Universiti Utara Malaysia); Molla, Rafiqul Islam |
| Abstract: | Private (first sector) and public (second sector) sector economics, both individually and jointly, have failed to ensure the wellbeing of human societies on the national and global levels. In response, social enterprise (third sector) economics, which features cooperatives and not-for-profit social enterprises, foundations (awqāf), and similar undertakings, has emerged as a make-up strategy in an attempt to counter the deficiencies of the market-state economic model. However, there is a strongly felt belief that the third sector needs to be broadened and mainstreamed in order to include both not-for-profit and for-profit businesses blended with social justice (via provision of such social welfare programs as corporate social responsibility) so that they can play a major role in poverty alleviation and economic growth. Islamic entrepreneurship, which is basically a community-centric mode of business initiative, is an antidote to the problem of intolerable economic and social dualism, a natural strategy against all forms of capitalist exploitation and attempts to control a nation’s resources. Moreover, it is the natural model for solving economic inequity, wealth concentration, and social divides. Based on its potential and using examples from Bangladesh and Malaysia, we present the Islamic style of entrepreneurship. We contend that this particular style is the most efficient and desirable one for effectively widening and mainstreaming community-centric third sector economics so that it can ensure development with equity and social justice especially in developing countries. |
| Date: | 2019–02–24 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:gejs8&r=all |
| By: | Bakhtiar, Toni |
| Abstract: | Until 2015, market share of Indonesian Islamic banking was still below of total 5% Indonesian banking market share. One effort to increase the market share is to spin off its Islamic business unit into Islamic commercial banks. One of the banks that undergoes the process was Bank EFG Syariah. However,Bank EFG Syariah has not been showing an optimal performance, which is indicated by reduced levels of corporate profitability in 2015. The aim of this study was to develop a performance model for measuring the relative efficiency and potential improvement capabilities of Bank EFG Syariah branches for the period 2014 and 2015. Data Envelopment Analysis (DEA) technique is utilitized here under production and profitability models. Another purpose was to investigate the production and profitability aspects of branches and to measured productivity change of Bank EFG Syariah branches between period. In this study the nature of efficiency and productivity change was investigate through the Malmquist Index. The results showed that there was an increase of 6% in high production-high profitable branches group, a decreased of 8% of the low production-high profitable branches group, a decreased of 7% the high production-low profitable branches group, and an increased of 4% in low production-low profitable branches group. This research also showed the average productivity increase of branches Bank EFG Syariah, between the period 2014-2015. |
| Date: | 2018–01–14 |
| URL: | http://d.repec.org/n?u=RePEc:osf:inarxi:pqrga&r=all |
| By: | Abusama, Muhammad; Haming, Murdifin; Hamzah, Muh. Nasir; , Ramlawati; Jamali, Hisnol |
| Abstract: | Based on the type of research is an explanatory research that is used to describe the influence of motivation, competence and Islamic leadership on job satisfaction and teacher performance at 88 teachers Colleges in District South Halmahera in North Maluku province. The results of the analysis of SEM (Structural Equation Modeling) with the help WaphPLS Ver. 5.0 provides evidence that working conditions that support teachers to implement the learning process becomes a lever entire relationship between the variables analyzed. Motivation and competence of teachers made a significant contribution to job satisfaction and performance, significant Islamic leadership on job satisfaction but not significant on teacher performance> job satisfaction proved to contribute significantly to the performance of teachers. On testing indirect effect, there is only one proven as a mediator variable |
| Date: | 2017–11–29 |
| URL: | http://d.repec.org/n?u=RePEc:osf:inarxi:r53qx&r=all |
| By: | Jumaing, Baharuddin; Haming, Murdifin; Sinring, Bahar; Dani, Ibrahim; Jamali, Hisnol |
| Abstract: | The approach in this study is an explanatory research that is used to describe the effect of the Islamic leadership and emotional intelligence on morale and performance employees. 91 employees at the Faculty of Faculty of Faculty of Education & Teacher Training and Faculty of Science & Technology of the Alauddin State Islamic University of Makassar as a sample. Hypothesis testing is done using SEM (Structural Equation Modeling) with the WaphPLS Ver. 5.0 as research equipment. This study analyzes the influence of Islamic leadership, emotional intelligence on morale and performance of employees. The research proves that the Islamic leadership is a positive and significant effect on employee morale. The low of emotional intelligence cannot provide significant effect on the increase in employee morale. Islamic Leadership can make to improve employee performance. The low of emotional intelligence cannot provide significant effect on employee performance. The high employee morale and demonstrated by employees is now making a positive and significant effect to employee performance. Morale is significantly functioning as a mediating variable in explaining the Islamic leadership effect on employee performance. Pad other parts morale is not able to act as a mediating variable in explaining the effect of emotional intelligence on employee performan |
| Date: | 2017–12–07 |
| URL: | http://d.repec.org/n?u=RePEc:osf:inarxi:9vadn&r=all |
| By: | Alam, Md. Mahmudul (Universiti Utara Malaysia); Molla, Rafiqul Islam |
| Abstract: | The ‘private’ and ‘public’ sector economics found their own strong places to play roles in the mainstream economy. At the end, however, these two systems – the private, popularly called the first sector economy, and the public, called the second sector economy - both individually and jointly have been found seriously inadequate and incapable to ensuring wellbeing of human societies nationally and globally. Responding to such a situation a number of nonconventional approaches like cooperatives and social enterprises, waqaf, foundations, and other non-profit institutions, etc., together called third sector economy, were moved and promoted to ensure social justice and wellbeing of mankind. Initially it emerged as a make-up and defensive strategy of the market-state model to meet the minimum of unmet requirements in the sectors where the market and state have grossly failed. It, thus, played only a subordinate role. As a result, it could not help much to solve the problem of economic inequity, concentration of wealth, and social divides. However it is strongly felt that a broadly based third sector economic model with both not for-profit business like enterprises and for-profit businesses blended with social justice is necessary to play its role as a mainstream model not only for poverty alleviation but also for economic growth to bridge the economic and social divides. Mainstreaming the third sector is the urgent call of the day. Islamic entrepreneurship, which is basically a community-centric mode of business initiative, is an antidote to the problem of intolerable economic and social dualism in the economies. It is a natural strategy against all forms of capitalist exploitations, like in the past through European colonialism and now through American led terrorism, to control resources. Accordingly it is the natural model for solving the problems of economic inequity, concentration of wealth, and social divides. Therefore, this study finds the Islamic mode of entrepreneurship as most suitable and effective for widening and mainstreaming the third sector economics, more particularly in the developing countries. Johor Corporation (JCorp) in Malaysia and Sheba Polly in Bangladesh are examples of two types of Islamic style third sector enterprises – one is staunchly business like initiative and the other is cost based charity initiative for social benefit. For the development and promotion of the community-centric third sector economics model, the paper recommends for urgently establishing a research and development centre on third sector economics preferably under an Islamic Research and Development Institute in any reputed university |
| Date: | 2019–02–23 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:x4r6k&r=all |
| By: | Jallo, Amiruddin; Mus, Abdul Rahman; , Mursalim; , Suryanti; Jamali, Hisnol |
| Abstract: | This study explores several of the problems that are the objectives of this study: (1) Effect of corporate social responsibility, good corporate governance and ownership structure of financial performance. (2) Effect of corporate social responsibility, good corporate governance, ownership structure and financial performance of the value of the company. (3) Effect of corporate social responsibility, good corporate governance and ownership structure on corporate value through financial performance. The research population this is a 30 companies listed on Jakarta Islamic Index (JII) period in 2013 to 2015. There are 28 companies as a research sample. Sampling technique used is purposive sampling. The analysis technique used is partial least squares (PLS) with the help of SmartPLS version 3.0 analysis program. The results show that: (1) corporate social responsibility, good corporate governance and ownership structure has a positive and significant effect on financial performance. (2) Corporate social responsibility and ownership structure has a positive and insignificant effect on firm value. (3) Good corporate governance has a positive and significant effect on firm value. (4) Corporate social responsibility and ownership structure have a positive and insignificant effect on firm value as a mediated financial performance. (5) Good corporate governance has a positive and significant effect on firm value as a mediated financial performance. |
| Date: | 2017–11–29 |
| URL: | http://d.repec.org/n?u=RePEc:osf:inarxi:wn9uz&r=all |
| By: | Upayarto, Budi |
| Abstract: | The purpose of this paper is to describe how Islam as an ideology view at issues of poverty with individual solutions, instead of solving it with average prosperity in the stage. This paper also describes how the individual poverty solutions solved by Islam through the mechanism of distribution of wealth. View of poverty and income inequality of the socialist-communist and capitalist ideology is also presented as a comparison with Islam. Description method for describing the view of Islam in the distribution of such property is used with a review of the literature that has addressed the same theme. Diagram used at the end of the article as a visualization of the distribution of wealth in Islam. |
| Date: | 2018–01–29 |
| URL: | http://d.repec.org/n?u=RePEc:osf:inarxi:54fba&r=all |
| By: | A.T.M. Hasibul, Islam; Syed Abul, Basher; A.K. Enamul, Haque |
| Abstract: | Mobile money has become a lifeline for millions of poor people who have limited access to a formal banking system. It encompasses a wide range of benefits such as women’s empowerment, risk sharing, improved labor market outcomes and reductions in poverty. In this paper, we ask whether mobile money can help lift people out of poverty. Previous studies have addressed this question by using microanalyses of field experiments or longitudinal data on rural households, whereas we use district-level data to reevaluate the mobile money–poverty nexus. In particular, we study the impact of mobile money on district-level poverty in Bangladesh over the period 2010–2016. Our study finds that every 1 billion Taka (approximately US$ 11.76 million) increase in mobile money transactions via the bKash system leads to a 0.48% reduction in the poverty rate in Bangladesh. The marginal impact ranges from 0.27 to 0.48 percentage points across five poverty quintiles, implying a reduction of poverty rates between 0.9 and 1.5 percentage points compared with the base poverty rate of 31.5% in 2010. The findings suggest that mobile money has been successful in fostering various poverty reduction initiatives and that targeted policy prescriptions can be devised to lift up poorer societies that are still outside the purview of mobile financial services. To further increase mobile money use, the government could use its own infrastructure to enhance mobile agent density in the poorest sectors of society. |
| Keywords: | Mobile money, poverty, bKash. |
| JEL: | G20 I32 L96 O16 |
| Date: | 2019–12–09 |
| URL: | http://d.repec.org/n?u=RePEc:pra:mprapa:97466&r=all |
| By: | Molla, Rafiqul Islam; Alam, Md. Mahmudul (Universiti Utara Malaysia); Murad, Wahid |
| Abstract: | Globalization is the economic policy of integration of national economies with global economy on the basis of free market competition. It is a neoliberal prescription for industrialization and growth of the emerging economies of the South and a project of capital accumulation for the capitalist North through a process of securing disproportionate share of benefits at the expense of the developing South. The content analysis and Malaysia’s globalization experience poise to support the hypothesis that globalization has high potential to contribute to industrialization and growth of the emerging economies, but at the same time, the way it is practiced, it is a deceptive game of the North and cannot be trusted wholeheartedly for emancipation of the developing economies. The paper suggests for a policy of target oriented ‘inclusive globalization’ to ensure equitable share of benefits of specialization and globalization. |
| Date: | 2019–02–23 |
| URL: | http://d.repec.org/n?u=RePEc:osf:osfxxx:79qxf&r=all |