Journal of Islamic Banking and Finance最新文献_第8页

A Review of Securities Commission of Malaysia’s Revised Shariah Stock-Screening Criteria 检讨马来西亚证券委员会修订的伊斯兰教法股票筛选标准

Journal of Islamic Banking and Finance Pub Date : 2016-01-01 DOI: 10.15640/JIBF.V4N1A8

E. N. Engkuchik

{"title":"A Review of Securities Commission of Malaysia’s Revised Shariah Stock-Screening Criteria","authors":"E. N. Engkuchik","doi":"10.15640/JIBF.V4N1A8","DOIUrl":"https://doi.org/10.15640/JIBF.V4N1A8","url":null,"abstract":"This paper addresses the perceived more tolerant Shariah-screening criteria by the Securities Commission of Malaysia (SCM). Recently, in 2013, SCM introduced the “two-tier” screening process of the stocks traded on Bursa Malaysia. Despite this revision, the two-tier process is seen as being less stringent than the Shariahscreening process of e.g. Dow Jones and MSCI. Such perception may affect the credibility of the SCM in determining Shariah-compliant securities compared to international standards. Proponents of SCM screening criteria argue that since Shariah screening in Malaysia only includes Malaysian listed stocks, more rigid screening process may limit the list of investible stocks, and may further restrict the benefits of diversification, i.e. one may not be able to form efficient portfolios or achieve appropriate risk-return portfolios while complying with the Shariah principles. This paper argues that the justification for the less-stringent screening process adopted by the SCM does not seem to be corroborated by theoretical or portfolio diversification studies, and evidence from the socially-responsible investing and Shariah-compliant empirical findings.","PeriodicalId":31275,"journal":{"name":"Journal of Islamic Banking and Finance","volume":"4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67166710","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: 6

Technical efficiency analysis of MENA Islamic banks during and after the global financial crisis 中东和北非地区伊斯兰银行在全球金融危机期间和之后的技术效率分析

Journal of Islamic Banking and Finance Pub Date : 2016-01-01 DOI: 10.15640/JIBF.V4N2A3

Raéf Bahrini

{"title":"Technical efficiency analysis of MENA Islamic banks during and after the global financial crisis","authors":"Raéf Bahrini","doi":"10.15640/JIBF.V4N2A3","DOIUrl":"https://doi.org/10.15640/JIBF.V4N2A3","url":null,"abstract":"Despite that the most impressive growth rates realized by Islamic banks was recorded in the Middle East and North Africa (MENA) region, few empirical studies have analyzed their performance especially in the global financial crisis period. Given this, in our paper we measure and analyze the technical efficiency of a sample of 33 MENA Islamic banks during and after the global financial crisis period (2006-2012). To do this, we apply the bootstrap Data Envelopment Analysis (DEA) approach, which is a robust method that allowed us to correct the estimation bias and to construct confidence intervals for the estimated efficiency scores at desired levels of significance. Our results show that over the period of study the technical inefficiency of MENA Islamic banks was mainly explained by pure technical inefficiency rather than scale inefficiency. In addition, we find that all MENA Islamic banks’ efficiency levels have increased during the global financial crisis period (2007-2008) and in the early post-crisis period (2009-2010) before decreasing in the last two years of the study period (2011-2012). According to our findings, we suggest that the managers of MENA Islamic banks should focus more on improving their managerial performance rather than on increasing the scale of operations. We also recommend that supervisory authorities in MENA countries undertake many regulatory and financial measures in order to support the development of Islamic banking in the MENA region.","PeriodicalId":31275,"journal":{"name":"Journal of Islamic Banking and Finance","volume":"4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67167173","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: 5

Assessment of the Transparency of Information Submitted to Business Enterprises By Lithuanian Commercial Banks 立陶宛商业银行向企业提交的信息透明度评估

Journal of Islamic Banking and Finance Pub Date : 2016-01-01 DOI: 10.15640/jibf.v4n2a6

Rita Remeikienė, Ligita Gasparėnienė, Alius Sadeckas

{"title":"Assessment of the Transparency of Information Submitted to Business Enterprises By Lithuanian Commercial Banks","authors":"Rita Remeikienė, Ligita Gasparėnienė, Alius Sadeckas","doi":"10.15640/jibf.v4n2a6","DOIUrl":"https://doi.org/10.15640/jibf.v4n2a6","url":null,"abstract":"Due to extremely high degree of responsibilities, bank activities have to be by far the most transparent in comparison to other enterprises or finance institutions since any participant of the finance market may become a bank customer. Considering this reason, activities of commercial banks have to be supervised by particular authorities. What is more, requirements for banking activities must be clearly defined; banks must be obliged to capture particular data and publically submit the required information, ensuring its transparency. This article is aimed at assessment of the transparency of information submitted to business enterprises by Lithuanian commercial banks. The results of the empirical research have revealed that the key problems related to commercial banking include bank activity supervision gaps and insufficiency of legal requirements. In addition, since, with reference to the experts’ opinion, reliance on commercial banks is, to the largest extent, determined by staff competence, service quality, quantity of submitted information and bank image, to ensure information transparency, commercial banks should focus on the submission of truthful and comprehensive information without concealment of any essential data.","PeriodicalId":31275,"journal":{"name":"Journal of Islamic Banking and Finance","volume":"4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67167222","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

Mobilizing Informal Sector Operators to the Islamic Banking Products in Nigeria 动员尼日利亚非正规部门经营者使用伊斯兰银行产品

Journal of Islamic Banking and Finance Pub Date : 2016-01-01 DOI: 10.15640/jibf.v4n2a2

I. H. Aliero, Mohammed Bashir Achida

引用次数: 2

Factors Influencing Payments Behavior among Customers of Islamic Retail Financing 影响伊斯兰零售金融客户支付行为的因素

Journal of Islamic Banking and Finance Pub Date : 2016-01-01 DOI: 10.15640/JIBF.V4N2A5

Z. Shaharudin, Mohd. Basri, M. Isa

引用次数: 2

Introduction of Islamic Banking and Finance in Ghana: Opportunities and Challenges 加纳伊斯兰银行和金融的介绍:机遇和挑战

Journal of Islamic Banking and Finance Pub Date : 2016-01-01 DOI: 10.15640/jibf.v4n1a7

Joseph Mbawuni, S. Nimako

{"title":"Introduction of Islamic Banking and Finance in Ghana: Opportunities and Challenges","authors":"Joseph Mbawuni, S. Nimako","doi":"10.15640/jibf.v4n1a7","DOIUrl":"https://doi.org/10.15640/jibf.v4n1a7","url":null,"abstract":"This paper presents a general review of opportunities and challenges of Islamic banking and finance (IBF) introduction in Ghana. It relies on existing literature, especially from Islamic banking and finance, and positional views of the authors. The paper identifies key factors in Ghana’s economy that present prospects for the introduction and adoption of IBF in Ghana by policy makers and consumers. These include opportunity for employment, democratic political system of governance, flexible industry regulatory framework, existing agrarian sectors, high demand for banking products, high interest rate, Muslim population, and quest for sound business practices. It also discusses the potential challenges that are likely to face full-fledge IBF products and institution in Ghana in terms of IBF governance, consumer behaviour and performance of IBF institution. Finally, the paper proposes strategies for overcoming the potential challenges for the effective introduction of IBF in Ghana. Managerially, this paper puts together a rich blend of objective appraisal of IBF from many perspectives and serves as an important source of information on IBF in Ghana for stakeholders, especially the Bank of Ghana, policy makers, and IBF practitioners. Theoretically, this paper provides valuable source of literature for academics and practitioners interested in IBF research and business in Ghana Banking Industry.","PeriodicalId":31275,"journal":{"name":"Journal of Islamic Banking and Finance","volume":"16 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67166662","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: 4

Islamic Finance: Current, Future Trends and Challenges 伊斯兰金融:当前、未来趋势和挑战

Journal of Islamic Banking and Finance Pub Date : 2016-01-01 DOI: 10.15640/JIBF.V4N2A4

A. Rahman, H. A. Riyadh

引用次数: 9

Developing an Islamic Central Bank Deposit Facility for Liquidity Management 发展伊斯兰中央银行流动性管理存款工具

Journal of Islamic Banking and Finance Pub Date : 2016-01-01 DOI: 10.15640/JIBF.V4N2A1

Suleiman Sani Dalhatu

引用次数: 2

Accounting Standards and Islamic Financial Institutions: the Malaysian Experience 会计准则与伊斯兰金融机构:马来西亚的经验

Journal of Islamic Banking and Finance Pub Date : 2016-01-01 DOI: 10.15640/JIBF.V4N1A4

N. Mohammed, A. E. Ahmad, F. Fahmi

{"title":"Accounting Standards and Islamic Financial Institutions: the Malaysian Experience","authors":"N. Mohammed, A. E. Ahmad, F. Fahmi","doi":"10.15640/JIBF.V4N1A4","DOIUrl":"https://doi.org/10.15640/JIBF.V4N1A4","url":null,"abstract":"More than three decades after the establishment of first Islamic bank in Malaysia, there is still debate on the need for Islamic accounting standards. Early studies on this subject demanded a separate set of standards for Islamic Financial Institutions (IFIs) due to notable differences in transactions from their conventional Western counterparts. However, as time passed, one cannot imagine how IFIs have mushroomed and become a very large industry, with Western banks also venturing into the market. Nowadays, many products and services offered by IFIs echo the ones provided by the conventional banks. Along the line, the stance on the need for a set of accounting standards specificities to IFIs has also changed. Many parties including the Malaysian Accounting Standards Board (MASB) agree that International Financial Reporting Standards (IFRS) can be applied to transactions in IFIs. While there are many similarities to conventional banking transactions, a few areas of divergence remain in IFIs. In that case, the likely option to resolve this dilemma is to have guidelines or options for IFIs within the framework of IFRSs. If these guidelines are to be enforced globally, one possible option is for Islamic organisations to work closely with the International Accounting Standards Board (IASB). This paper reviews the subject with respect to accounting standards for IFIs and finds a few areas of research that should be pursued.","PeriodicalId":31275,"journal":{"name":"Journal of Islamic Banking and Finance","volume":"4 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2016-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67166599","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: 9

Absence of Rigorous Educational Programs as One of the Biggest Challenges Facing the Islamic Finance Industry 缺乏严格的教育项目是伊斯兰金融行业面临的最大挑战之一

Journal of Islamic Banking and Finance Pub Date : 2016-01-01 DOI: 10.15640/JIBF.V4N1A1

M. Warsame

引用次数: 2