Journal of Islamic Monetary Economics and Finance最新文献_第2页

THE DETERMINANTS OF DIGITAL BANKING ADOPTION AMONG BANKS OFFERING ISLAMIC BANKING SERVICES 提供伊斯兰银行服务的银行采用数字银行的决定因素

Journal of Islamic Monetary Economics and Finance Pub Date : 2023-12-01 DOI: 10.21098/jimf.v9i4.1688

Achmad Hidayat, Salina Kassim

引用次数: 0

DO MARKET TIMING INCENTIVES AFFECT THE DEBT-EQUITY CHOICE OF MALAYSIAN SHARIAH-COMPLIANT IPOS? 市场时机激励是否会影响马来西亚符合伊斯兰教法的 IPO 的债务-股权选择？

Journal of Islamic Monetary Economics and Finance Pub Date : 2023-12-01 DOI: 10.21098/jimf.v9i4.1743

Khemaies Bougatef, Oumaima Kassem

{"title":"DO MARKET TIMING INCENTIVES AFFECT THE DEBT-EQUITY CHOICE OF MALAYSIAN SHARIAH-COMPLIANT IPOS?","authors":"Khemaies Bougatef, Oumaima Kassem","doi":"10.21098/jimf.v9i4.1743","DOIUrl":"https://doi.org/10.21098/jimf.v9i4.1743","url":null,"abstract":"Empirical and theoretical literature points out that market timing could shape financing decisions and persistently affect capital structure. However, prior studies on market timing do not distinguish between Shariah-compliant and non-compliant firms although Shariah compliance considerations may affect market timing incentives. This paper aims to fill this gap in the literature by investigating whether market timing theory is relevant in the case of Shariah-compliant firms. We consider panel data consisting of 40 Malaysian Shariah-compliant companies that went public during the period from 1 January 2015 to 31 December 2018. We report evidence that managers of Malaysia Shariah-compliant IPOs tend to time the market by issuing equity when they perceive that their shares are overpriced and market conditions are favorable. However, the impact of these market timing on their capital structure quickly disappears. The findings provide useful implications for investors and portfolio managers interested in investing in Shariah-compliant IPOs. They should identify market timers in order to avoid low subsequent returns of equity issuers.","PeriodicalId":31622,"journal":{"name":"Journal of Islamic Monetary Economics and Finance","volume":"122 50","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138608069","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

BIBLIOMETRIC ANALYSIS OF SHARIAH COMPLIANT CAPITAL ASSET PRICING MODELS 符合伊斯兰教法的资本资产定价模型的文献计量分析

Journal of Islamic Monetary Economics and Finance Pub Date : 2023-12-01 DOI: 10.21098/jimf.v9i4.1849

Nihal Touti, Asmâa Alaoui Taïb

{"title":"BIBLIOMETRIC ANALYSIS OF SHARIAH COMPLIANT CAPITAL ASSET PRICING MODELS","authors":"Nihal Touti, Asmâa Alaoui Taïb","doi":"10.21098/jimf.v9i4.1849","DOIUrl":"https://doi.org/10.21098/jimf.v9i4.1849","url":null,"abstract":"This study conducts a bibliometric analysis of the literature on shariah compliant asset pricing based on Scopus-indexed publications. The data on publications are collected employing a search string encompassing various keywords related to Islamic finance and asset pricing. Simple statistical techniques are applied, complemented by the utilization of VOS viewer software to analyze document trends by year, country, source, and patterns of collaboration among authors, co-citations, and keywords co-occurrence. The bibliometric analysis reveals a proliferation of publications across 127 journals, with the Pacific Basin Finance Journal being the most prominent. Collaboration among authors spans 56 countries, with Malaysia emerging as a key contributor. Notably, keywords like \"Islamic finance\" and \"Shariah-compliant\" have seen increased importance in recent years. The statistical results demonstrate a substantial surge in Scopus-indexed publications related to Shariah-compliant compliant Capital Asset Pricing Models, particularly in the past five years, reflecting the growing popularity and research opportunities within Islamic finance and asset pricing.","PeriodicalId":31622,"journal":{"name":"Journal of Islamic Monetary Economics and Finance","volume":" 9","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138610040","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

FINANCIAL PERFORMANCE: SUSTAINABILITY, SIZE, SHARIAH, AND SECTOR EFFECTS IN MUSLIM-MINORITY STOCK EXCHANGES 财务业绩：穆斯林少数民族证券交易所的可持续性、规模、伊斯兰教法和行业效应

Journal of Islamic Monetary Economics and Finance Pub Date : 2023-12-01 DOI: 10.21098/jimf.v9i4.1765

Dwi Kartikasari

引用次数: 0

IS ISLAMIC BANKING PERFORMANCE IN MALAYSIA TRULY BETTER THAN INDONESIA? 马来西亚伊斯兰银行业的业绩真的比印度尼西亚好吗？

Journal of Islamic Monetary Economics and Finance Pub Date : 2023-12-01 DOI: 10.21098/jimf.v9i4.1784

Abdul Hakam Naja

{"title":"IS ISLAMIC BANKING PERFORMANCE IN MALAYSIA TRULY BETTER THAN INDONESIA?","authors":"Abdul Hakam Naja","doi":"10.21098/jimf.v9i4.1784","DOIUrl":"https://doi.org/10.21098/jimf.v9i4.1784","url":null,"abstract":"This article analyzes the performance of Islamic banking in Malaysia and Indonesia using a comprehensive evaluation framework. Malaysia is known for its leading role in Islamic finance, while Indonesia has faced criticism for slower growth. The study argues that assessing Islamic banking performance solely based on financial metrics is insufficient and proposes a broader framework based on the Maqasid Shariah (objectives of Islamic law) for a more objective standard. Using data from 2010 to 2019, the study constructs a Maqasid Shariah Index of Islamic Bank (MSI-iB) and adopts a T-test as well as a panel data model to evaluate their performance. The index includes five sub-indices representing different aspects of the Maqasid Shariah framework. Results show varied scores among Islamic banks in both countries with no statistical difference between the two countries, but with Indonesia leading in religiosity and intellectuality dimensions and Malaysia leading in the posterity dimension. These results challenge the perception that Malaysia's Islamic banking performance is inherently superior to Indonesia's based solely on financial metrics. Considering the Maqasid Shariah framework is crucial to evaluating Islamic banking performance, highlighting the significance of non-financial indicators. The study concludes that a comprehensive perspective is necessary, incorporating both financial and non-financial factors, to assess overall performance.","PeriodicalId":31622,"journal":{"name":"Journal of Islamic Monetary Economics and Finance","volume":" 22","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138617977","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

THE EFFECT OF ISLAMIC FINANCIAL DEVELOPMENT AND HUMAN DEVELOPMENT ON INCOME INEQUALITY: DOES ISLAMIC FINANCE KUZNETS CURVE VALID IN THE OIC COUNTRIES? 伊斯兰金融发展和人类发展对收入不平等的影响：伊斯兰金融库兹涅茨曲线在东欧和中亚国家是否有效？

Journal of Islamic Monetary Economics and Finance Pub Date : 2023-12-01 DOI: 10.21098/jimf.v9i4.1903

Kabiru Kamalu, Wan Hakimah Binti Wan Ibrahim

{"title":"THE EFFECT OF ISLAMIC FINANCIAL DEVELOPMENT AND HUMAN DEVELOPMENT ON INCOME INEQUALITY: DOES ISLAMIC FINANCE KUZNETS CURVE VALID IN THE OIC COUNTRIES?","authors":"Kabiru Kamalu, Wan Hakimah Binti Wan Ibrahim","doi":"10.21098/jimf.v9i4.1903","DOIUrl":"https://doi.org/10.21098/jimf.v9i4.1903","url":null,"abstract":"Income inequality is evident in all countries regardless of the level of development or income status. Islamic financial system has Shariah-compliant financial instruments that, when properly utilized, can facilitate equitable income distribution in the OIC member countries. This study examines the effect of Islamic financial development and human development on income inequality in the OIC. The study also analyzes the validity of the Islamic finance Kuznets curve hypothesis. We employ FMOLS and DOLS estimators with data from 20 OIC member countries covering the period from 2012 to 2022. The results show that Islamic financial development and human development promote equitable income distribution. The findings also confirm the validity of the Islamic finance Kuznets curve hypothesis. Thus, to reduce the income gap in the OIC, Islamic financial institutions should expand further via for examples innovation in Shariah-compliant Islamic financial products and services. In addition, policymakers should prioritize policies and programs that can promote Islamic financing and improve human development in the OIC member countries. ","PeriodicalId":31622,"journal":{"name":"Journal of Islamic Monetary Economics and Finance","volume":" 17","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138612597","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

INDONESIAN LOW-INCOME HOUSEHOLDS’ ACCEPTANCE OF MICROTAKAFUL IN EAST JAVA 印度尼西亚东爪哇低收入家庭对小额信托的接受程度

Journal of Islamic Monetary Economics and Finance Pub Date : 2023-12-01 DOI: 10.21098/jimf.v9i4.1898

Muh Zul Hazmi Rapi, Salina Kassim

{"title":"INDONESIAN LOW-INCOME HOUSEHOLDS’ ACCEPTANCE OF MICROTAKAFUL IN EAST JAVA","authors":"Muh Zul Hazmi Rapi, Salina Kassim","doi":"10.21098/jimf.v9i4.1898","DOIUrl":"https://doi.org/10.21098/jimf.v9i4.1898","url":null,"abstract":"This research investigates the inclination of economically disadvantaged households in East Java, Indonesia, towards microtakaful adoption, utilizing an extended Theory of Planned Behavior (TPB). Analyzing data from 304 respondents through online and face-to-face surveys, the study reveals a significant demand for microtakaful among low-income households. Behavioral intention is positively influenced by factors such as attitude, subjective norms, price, and knowledge, with price being the most critical determinant. Notably, a substantial number of respondents from low-income backgrounds express positive intention toward microtakaful. The study underscores the importance of microtakaful providers raising awareness, offering affordable structures, and highlighting microtakaful's value as a risk management tool. By employing an advanced TPB model, this research offers profound insights into the perceptions and behavioral tendencies of East Java's low-income households regarding microtakaful. The findings suggest actionable strategies for providers to enhance outreach and participation among this vulnerable group, contributing to improved financial inclusion and resilience.","PeriodicalId":31622,"journal":{"name":"Journal of Islamic Monetary Economics and Finance","volume":"50 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138626481","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

RETAKAFUL CONTRIBUTIONS MODEL USING MACHINE LEARNING TECHNIQUES 使用机器学习技术的回馈贡献模型

Journal of Islamic Monetary Economics and Finance Pub Date : 2023-09-02 DOI: 10.21098/jimf.v9i3.1681

Yassine Kouach, Abderrahim El Attar, Mostafa Elhachloufi

引用次数: 0

THE ISLAMIC BANKING CUSTOMERS’ INTENTION TO USE DIGITAL BANKING SERVICES: AN INDONESIAN STUDY 伊斯兰银行客户使用数字银行服务的意向:一项印度尼西亚的研究

Journal of Islamic Monetary Economics and Finance Pub Date : 2023-09-02 DOI: 10.21098/jimf.v9i3.1673

Darwis Harahap, Ahmad Afandi, Try Mahendra Siregar

{"title":"THE ISLAMIC BANKING CUSTOMERS’ INTENTION TO USE DIGITAL BANKING SERVICES: AN INDONESIAN STUDY","authors":"Darwis Harahap, Ahmad Afandi, Try Mahendra Siregar","doi":"10.21098/jimf.v9i3.1673","DOIUrl":"https://doi.org/10.21098/jimf.v9i3.1673","url":null,"abstract":"This study examines factors that influence Indonesian Islamic banking customers’ behavioral intention to utilize digital banking services using the Unified Theory of Acceptance and Use of Technology (UTAUT 2). The factors examined include effort and performance expectations, social influence, facilitating conditions, price value, hedonic motivation, habits, trialability, and spiritual motivation. The study also examines whether Islamic lifestyle moderates the roles of social influence, habits, and spiritual motivation in the tendency to utilize Islamic digital banking. Gathering data from 195 Indonesian millennials and utilizing the partial least squares structural equation modeling approach (SEM-PLS), we find that not all factors have a positive effect on the propensity to utilize Islamic digital banking services. The performance expectations, social influences, price values, habits, and Islamic lifestyles all have a strong favorable effect on the desire to use digital banking. Meanwhile, the facilitating condition, hedonic motivation, trialability, and spiritual motivation only slightly affect the intention to use digital banking. Finally, the paper notes that absence of Islamic lifestyle’s moderating role.","PeriodicalId":31622,"journal":{"name":"Journal of Islamic Monetary Economics and Finance","volume":"27 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-09-02","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"90809388","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

PURCHASE INTENTION OF HALAL LOCAL BEAUTY BRAND DURING COVID-19: THE ROLE OF INFLUENCERS’ CREDIBILITY AND HALAL AWARENESS 2019冠状病毒病期间清真本土美妆品牌的购买意愿:网红可信度和清真意识的作用

Journal of Islamic Monetary Economics and Finance Pub Date : 2023-08-31 DOI: 10.21098/jimf.v9i3.1623

Ismi Tazlia, Dety Nurfadilah, Sasotya Pratama

引用次数: 0