International Journal of Islamic Banking and Finance Research最新文献

THE IMPACTS OF BORROWERS ATTITUDE AND ACCESSIBILITY TO NON-INTEREST LOAN ON THEIR WELFARE DURING COVID-19 PANDEMIC: A CASE OF TRICYCLE RIDERS IN KWARA STATE, NIGERIA 科维德-19 大流行病期间借款人的态度和获得无息贷款的机会对其福利的影响：尼日利亚夸拉州三轮车夫的案例

International Journal of Islamic Banking and Finance Research Pub Date : 2023-11-23 DOI: 10.46281/ijibfr.v11i2.2126

{"title":"THE IMPACTS OF BORROWERS ATTITUDE AND ACCESSIBILITY TO NON-INTEREST LOAN ON THEIR WELFARE DURING COVID-19 PANDEMIC: A CASE OF TRICYCLE RIDERS IN KWARA STATE, NIGERIA","authors":"","doi":"10.46281/ijibfr.v11i2.2126","DOIUrl":"https://doi.org/10.46281/ijibfr.v11i2.2126","url":null,"abstract":"This study examines the impacts of borrowers' attitudes and accessibility to non-interest loans on the welfare of tricycle riders in Kwara State, Nigeria, during the COVID-19 pandemic. The objective is to gain insights into how these factors influence the well-being of tricycle riders and provide recommendations for enhancing their welfare in challenging times. The study utilizes a quantitative research approach and collects data through a field survey. The demographic data of the respondents indicate that the sample predominantly consists of male respondents and individuals following the Islamic faith. The majority of respondents have completed the Senior Secondary Certificate Examination, followed by non-formal education and NCE/HND qualifications. Most respondents are married and fall within the age group of 36-45 years. Regression analysis is employed to analyze the data. The findings reveal that both accessibility to non-interest loans and borrowers' attitudes towards borrowing significantly impact the welfare outcomes of tricycle riders. Access to non-interest loans is positively associated with welfare, while negative attitudes towards borrowing are linked to lower welfare outcomes. Recommendations include enhancing access to non-interest loans, providing financial literacy programs, addressing negative attitudes towards borrowing, strengthening social safety nets, and fostering collaborative partnerships among stakeholders. This study contributes to the understanding of the welfare dynamics of tricycle riders in Kwara State, Nigeria, during the COVID-19 pandemic. It provides valuable insights for policymakers, financial institutions, and other relevant stakeholders to develop targeted interventions that support the welfare and economic resilience of tricycle riders and similar informal sector workers.","PeriodicalId":289590,"journal":{"name":"International Journal of Islamic Banking and Finance Research","volume":"101 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-11-23","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139245233","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

ETHICAL DIMENSIONS OF ISLAMIC FINANCE AND THEIR RELEVANCE IN CONTEMPORARY BUSINESS PRACTICES 伊斯兰金融的道德内涵及其与当代商业实践的相关性

International Journal of Islamic Banking and Finance Research Pub Date : 2023-11-23 DOI: 10.46281/ijibfr.v11i2.2125

引用次数: 0

SHAPING THE FUTURE OF ISLAMIC BANKING AND FINANCE: A LEGAL PERSPECTIVE 塑造伊斯兰银行和金融的未来:法律视角

International Journal of Islamic Banking and Finance Research Pub Date : 2023-09-03 DOI: 10.46281/ijibfr.v11i2.2017

{"title":"SHAPING THE FUTURE OF ISLAMIC BANKING AND FINANCE: A LEGAL PERSPECTIVE","authors":"","doi":"10.46281/ijibfr.v11i2.2017","DOIUrl":"https://doi.org/10.46281/ijibfr.v11i2.2017","url":null,"abstract":"After the inception of Islamic banking and finance (IBF) in the global financial industry, IBF became a new alternative form of ethical finance based on Islamic economic thought. According to classical thought, the essence of Islamic economics is not to prohibit making a profit but to prioritize people’s well-being and, hence, enjoy the profit. This study examines the regulation and functioning of Islamic financial institutions (IsFIs), including their compliance with Sharia law. It explores the ethical considerations surrounding IsFIs by examining how their financial services align with the Sustainable Development Goals (SDGs). The study aims to shed light on the challenges and opportunities within the IBF sector, ultimately contributing to a deeper understanding of its role in promoting ethical finance and sustainable development. This study employs an empirical legal research approach to investigate the legal framework of IBF. The results reveal that by effectively highlighting ethical foundations and objectives, Islamic finance will attract a larger market of Muslims and arouse the interest of a wider audience of stakeholders who are not just interested in avoiding financial transactions that support prohibited practices. The findings of this study suggest that a major obstacle to the massive growth of the Islamic banking and finance sector is the existence of contradictions that depend especially on the excessively liberal accreditation of Islamic banks as “Sharia compliant.”","PeriodicalId":289590,"journal":{"name":"International Journal of Islamic Banking and Finance Research","volume":"29 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-09-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"114465742","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

DIGITAL TRANSFORMATION OF SAUDI ARABIA’S BANKING: A COMPARATIVE STUDY 沙特阿拉伯银行业的数字化转型:比较研究

International Journal of Islamic Banking and Finance Research Pub Date : 2023-06-22 DOI: 10.46281/ijibfr.v11i1.2028

{"title":"DIGITAL TRANSFORMATION OF SAUDI ARABIA’S BANKING: A COMPARATIVE STUDY","authors":"","doi":"10.46281/ijibfr.v11i1.2028","DOIUrl":"https://doi.org/10.46281/ijibfr.v11i1.2028","url":null,"abstract":"Banks' digital transformation has become a growing and competitive research area in the last decade. This study aims to compare the digital transformation of the Saudi banking sector with that of developed and emerging Islamic countries by examining progress, digital solutions to banking services provided, and regulatory frameworks. To this end, a systematic review was conducted, analyzing 44 primary documents and seven websites collected through a 5-step process: scoping, planning, searching, selection, and eligibility. Next, a comparative analysis of these documents was conducted, analyzing the similarities and differences of the digital transformation processes addressed by Saudi Arabia, the U.S., the United Kingdom, and Malaysia. The findings revealed that Saudi Arabia and Malaysia have banking sectors of similar size, smaller than those of the U.S. and the U.K., although all of these sectors are of significant importance in the economies of their respective countries, as measured by their share in GDP. All countries have adopted similar digital technologies and offer very similar banking services. Concerning its regulatory frameworks, the U.K.'s sandbox approach is the most effective and inspiring. At the same time, the U.S. needs to catch up due to its regulatory complexities and differences in approach between federal and state jurisdictions. For their part, Saudi Arabia and Malaysia have developed their regulatory frameworks with approaches inspired by the U.K. model, although both differ in the degree of Sharia compliance.","PeriodicalId":289590,"journal":{"name":"International Journal of Islamic Banking and Finance Research","volume":"22 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126257944","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

TAKAFUL-GROWTH NEXUS BEFORE AND AFTER THE IMPLEMENTATION OF IFSA 2013: EMPIRICAL EVIDENCE FROM MALAYSIA 《国际财务会计准则2013》实施前后的高教增长关系:来自马来西亚的经验证据

International Journal of Islamic Banking and Finance Research Pub Date : 2023-06-22 DOI: 10.46281/ijibfr.v11i1.2029

{"title":"TAKAFUL-GROWTH NEXUS BEFORE AND AFTER THE IMPLEMENTATION OF IFSA 2013: EMPIRICAL EVIDENCE FROM MALAYSIA","authors":"","doi":"10.46281/ijibfr.v11i1.2029","DOIUrl":"https://doi.org/10.46281/ijibfr.v11i1.2029","url":null,"abstract":"The expanding Takaful industry, together with the remarkable economic development has drawn attention to explore the impact of Takaful on economic growth, especially in Malaysia as it has been retaining its position as the leader in Islamic finance as well as maintaining its position to be in top for the Global Islamic Economy Indicator (GIEI) Score for the 9th consecutive years. Although many challenges have been faced by Takaful successfully, there are still some issues that need to be improved especially in terms of the legal, supervisory, and institutional framework, and the directions for future research by focusing on statistical analysis and economic significance, and its primary objective to serve the society. Hence, this paper examines the association between the Malaysian Takaful sector and real economic growth pre and post-IFSA 2013 for the period of 2007 – 2019. This study employs both quantitative and qualitative analysis, in which Pearson Correlation Coefficient is adopted for the quantitative analysis, while an interview session with 5 experts is employed for the qualitative analysis. The quantitative findings show that Takaful is positively linked to real economic growth significantly pre-IFSA 2013 but insignificantly post-IFSA 2013, supporting the supply-leading hypothesis. Meanwhile, the qualitative findings suggest that IFSA 2013 does assist the Takaful sector to improve the real economic growth in Malaysia via its rules and regulation, and the Takaful industry has contributed its own humble quota to economic growth by creating jobs the society and adding value to both participants and businesses.","PeriodicalId":289590,"journal":{"name":"International Journal of Islamic Banking and Finance Research","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-06-22","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125313670","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

ISLAMIC CAPITAL MARKET-GROWTH NEXUS PRE AND POST IFSA 2013: EMPIRICAL EVIDENCE FROM MALAYSIA 伊斯兰资本市场-增长关系2013年前后:来自马来西亚的经验证据

International Journal of Islamic Banking and Finance Research Pub Date : 2023-04-29 DOI: 10.46281/ijibfr.v11i1.1996

{"title":"ISLAMIC CAPITAL MARKET-GROWTH NEXUS PRE AND POST IFSA 2013: EMPIRICAL EVIDENCE FROM MALAYSIA","authors":"","doi":"10.46281/ijibfr.v11i1.1996","DOIUrl":"https://doi.org/10.46281/ijibfr.v11i1.1996","url":null,"abstract":"This study examines the relationship between Islamic capital market and Malaysian real economic growth pre and post IFSA 2013 from 2007 to 2019. This study adopts both quantitative and qualitative analysis, where Autoregressive Distributed Lag (ARDL) method of cointegration is adopted for the quantitative analysis, while interview session is adopted for the qualitative analysis. The findings found that the link between Shari’ah-compliant Securities (SCS) and the real economic growth is negatively significant, while the link between Shari’ah-compliant Market Capitalization (SCMC) and the real economic growth is positively significant in both short and long runs. It is also shown that IFSA 2013 does assist the Islamic capital market sector to improve the real economic growth in Malaysia via its rules and regulations, as the coefficients and significance of the real economic growth as proxied by the industrial production index (IPI) are improving with the implementation of IFSA 2013. Besides, the qualitative results of the study have shown that Islamic capital market does promote economic growth by ensuring stability in the market and significantly contributing to the environmental, social and governance (ESG) via the implementation of SRI Sukuk, Bond Grant Scheme, ESG Financing/Sukuk, and value-based judgement projects. The work gives some insights into the field of Islamic capital market-growth nexus from the perspective of a developing country, which is Malaysia. It also delves further into the Islamic capital market-growth nexus by considering the effect of IFSA 2013.","PeriodicalId":289590,"journal":{"name":"International Journal of Islamic Banking and Finance Research","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"115083670","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

STUDYING VOLATILITY IN SAUDI STOCK MARKET USING ARCH AND GARCH MODELS: A CASE STUDY OF AL RAJHI BANK 用arch和arch模型研究沙特股市波动:以al rajhi银行为例

International Journal of Islamic Banking and Finance Research Pub Date : 2023-04-14 DOI: 10.46281/ijibfr.v11i1.1986

{"title":"STUDYING VOLATILITY IN SAUDI STOCK MARKET USING ARCH AND GARCH MODELS: A CASE STUDY OF AL RAJHI BANK","authors":"","doi":"10.46281/ijibfr.v11i1.1986","DOIUrl":"https://doi.org/10.46281/ijibfr.v11i1.1986","url":null,"abstract":"This study aims to empirically molding the volatility of the daily closing share prices of Al-Rajhi Bank listed on Saudi stock exchange (Tadawul). The study approach related to quantitative method is based on the data collected through daily closing prices of Al Rajhi Bank shares for the period from 1/02/2018 to 9/23/2022. To analyze the data and test the study hypothesis, ARCH and GARCH models were applied in this paper. According to results of heteroskedasticity tests, values of R-squared, Akaike, Schwarz, and Hannan-Quinn of ARCH models, the GARCH (1, 1) model is suitable for describing the conditional variance and the estimation. The findings indicate that the positive shocks synchronizing with favorable conditions cause less severe fluctuations than the negative shocks synchronizing with unfavorable conditions. The research has some limitations that must be noted in terms of the study sample which represents only Islamic banks and therefore, the results cannot be generalized to other banks, similarly, the heterogeneity of banks in terms of the size of assets and finance capabilities. This research emphasizes the importance of developing banking performance and enhancing investment strategies to enhance the stability of bank share prices, especially during crises. Based on the results, investors may have the incentive to buy shares of Islamic banks according to stock price indices characterized by stability in the face of economic shocks. This study is considered as one of the main studies contributing to the analysis of the volatility of the daily closing share prices of Islamic Banks listed on the Saudi stock exchange (Tadawul).","PeriodicalId":289590,"journal":{"name":"International Journal of Islamic Banking and Finance Research","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2023-04-14","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"116627999","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

MOTIVATION OF FIRMS TO ISSUE SUKUKS 公司发行伊斯兰债券的动机

International Journal of Islamic Banking and Finance Research Pub Date : 2023-02-12 DOI: 10.46281/ijibfr.v11i1.1941

引用次数: 0

ADVANCEMENT OF ISLAMIC BANKING AND FINANCE IN THE SOCIO-ECONOMIC CONTEXT OF BANGLADESH BASED ON IBBL 在孟加拉国社会经济背景下，基于伊斯兰银行和金融的发展

International Journal of Islamic Banking and Finance Research Pub Date : 2022-12-17 DOI: 10.46281/ijibfr.v10i1.1865

{"title":"ADVANCEMENT OF ISLAMIC BANKING AND FINANCE IN THE SOCIO-ECONOMIC CONTEXT OF BANGLADESH BASED ON IBBL","authors":"","doi":"10.46281/ijibfr.v10i1.1865","DOIUrl":"https://doi.org/10.46281/ijibfr.v10i1.1865","url":null,"abstract":"This study's background is in the context of comparative activities and achievements highlighted by Islami Bank Bangladesh Limited in their Annual Report 2020. The purpose of this study is to present the socio-economic impact and role of Islamic banks in the economic development of Bangladesh. This research has tried to prove how Islami Bank contributes through various tests and methods. Comprehensive profile analysis was conducted by collecting data using a Google survey form from a sample of 100 Islamic bank customers. Firstly, based on the respondents' responses, most of the customers of Islamic banks are between 25-40 years based on age. First, the customers are highly educated and have a stable relationship with the bank. Second, awareness of clients and the current use of deposit instruments is commendable. Third, customers in education and income classes have an important role in using various banking services or products. Fourth, customers are always satisfied with using various products and services. Fifth, within the service delivery system, the employees of Islami Bank deserve immediate attention to improve customer satisfaction. However, as a result, we have yet to get high awareness and usage of any individual products/services through Islami Bank financing and facilities. Finally, the significant finding is the 'Principle of Religion,' which is the key to selecting a bank's criteria for its customers, where the demographics of clients play a more critical role in determining selection criteria than others.","PeriodicalId":289590,"journal":{"name":"International Journal of Islamic Banking and Finance Research","volume":"24 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-12-17","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127646925","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0

EFFICIENCY OF ISLAMIC BANKS: EVIDENCE FROM ISLAMIC WINDOWS OF CONVENTIONAL BANKS IN ETHIOPIA 伊斯兰银行的效率:来自埃塞俄比亚传统银行伊斯兰窗口的证据

International Journal of Islamic Banking and Finance Research Pub Date : 2022-07-05 DOI: 10.46281/ijibfr.v9i1.1768

{"title":"EFFICIENCY OF ISLAMIC BANKS: EVIDENCE FROM ISLAMIC WINDOWS OF CONVENTIONAL BANKS IN ETHIOPIA","authors":"","doi":"10.46281/ijibfr.v9i1.1768","DOIUrl":"https://doi.org/10.46281/ijibfr.v9i1.1768","url":null,"abstract":"The study examines the cost and technical efficiency of selected Islamic banking windows of conventional banks in Ethiopia during the period of 2016-2020. The parametric method, stochastic frontier approach (SFA) was employed to measure both cost and technical efficiency of the banks. The efficiency scores of the sampled banks can be measured based on their performance in utilizing inputs to successfully generate output during the study period. It gauges the service quality of the banks taking loans and deposits as well as operating income and expenses into consideration. The study uses time series data from four conventional banks which provide Islamic banking widow in Ethiopia. The statistical findings show that the conventional banks have fairly better technical efficiency individually and collectively; however, the cost efficiency scores indicate that the banks are not efficient enough in terms of minimizing costs for a given scale and mix of outputs. Similarly, the results of the stochastic technical frontier estimates uncovers that there is positive significant relationship between the input variables namely total deposits and total operating expenses and output variables namely total financing and total operating income. The outputs remain an essential contributor to the cost efficiency in Islamic windows conventional banks in Ethiopia.","PeriodicalId":289590,"journal":{"name":"International Journal of Islamic Banking and Finance Research","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-07-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121095397","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}

引用次数: 0