Journal of Islamic Monetary Economics and Finance最新文献_第6页

DETERMINANTS OF WORK ENGAGEMENT DURING PANDEMIC: THE CASE OF ISLAMIC BANKING WORKERS 流行病期间工作投入的决定因素:伊斯兰银行工作人员的案例

Journal of Islamic Monetary Economics and Finance Pub Date : 2022-12-08 DOI: 10.21098/jimf.v8i4.1433

Syayyidah Maftuhatul Jannah, Rasistia Wisandianing Primadineska

引用次数: 0

NEXUS OF RISK AND STABILITY IN ISLAMIC BANKS DURING THE PANDEMIC: EVIDENCE FROM INDONESIA 大流行期间伊斯兰银行的风险与稳定关系:来自印度尼西亚的证据

Journal of Islamic Monetary Economics and Finance Pub Date : 2022-12-08 DOI: 10.21098/jimf.v8i4.1444

S. Sunarsih, Rizqi Umar Al Hashfi, U. Munawaroh, Endang Suhari

引用次数: 0

ASYMMETRIC CAUSAL LINKAGES BETWEEN LIQUIDITY AND PROFITABILITY FOR MENA ISLAMIC BANKS 中东和北非伊斯兰银行流动性与盈利能力之间的不对称因果关系

Journal of Islamic Monetary Economics and Finance Pub Date : 2022-12-08 DOI: 10.21098/jimf.v8i4.1546

Khoutem Ben Jedidia, I. B. Salah

{"title":"ASYMMETRIC CAUSAL LINKAGES BETWEEN LIQUIDITY AND PROFITABILITY FOR MENA ISLAMIC BANKS","authors":"Khoutem Ben Jedidia, I. B. Salah","doi":"10.21098/jimf.v8i4.1546","DOIUrl":"https://doi.org/10.21098/jimf.v8i4.1546","url":null,"abstract":"This paper investigates the impact of liquidity on Islamic bank profitability. We examine the existence of asymmetric causal linkages or structural shifts in the profitability-liquidity nexus for a sample of 34 Islamic banks in the Middle East and North Africa (MENA) countries over the period 2005-2017 using the Panel Threshold Regression and controlling for the bank-specific and macroeconomic variables. Empirical evidence highlights a non-linear relationship between liquidity and Islamic bank profitability. Indeed, there is a significant negative relationship between liquidity and profitability if the ratio of loan/total assets does not exceed the threshold. Contrariwise, liquidity positively affects profitability. Furthermore, the empirical evidence shows that bank size is adversely related to banks’ profitability given the economies of scale issues of Islamic banks. The CAR impact is well emphasized above and below the threshold. We highlight that Islamic banks face a trade-off between liquidity and profitability. They are recommended to strengthen the liquidity risk management instruments to improve their profitability notably within a framework of Basel III liquidity requirements to maintain adequate high-quality liquid assets.","PeriodicalId":31622,"journal":{"name":"Journal of Islamic Monetary Economics and Finance","volume":"69 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-08","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86096787","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: 2

PERFORMANCE OF CONVENTIONAL, ISLAMIC, AND SOCIAL RESPONSIBLE INVESTMENT (SRI) INDICES DURING COVID-19: A STUDY OF INDONESIAN STOCK MARKET 2019冠状病毒病期间传统、伊斯兰和社会责任投资(sri)指数的表现:对印尼股市的研究

Journal of Islamic Monetary Economics and Finance Pub Date : 2022-12-08 DOI: 10.21098/jimf.v8i4.1483

N. Hidayah, P. Swastika

引用次数: 1

THE ADJUSTED MARKET POWER, COMPETITION, AND PERFORMANCE: ISLAMIC VS CONVENTIONAL BANKS 调整后的市场力量、竞争和业绩:伊斯兰银行与传统银行

Journal of Islamic Monetary Economics and Finance Pub Date : 2022-12-08 DOI: 10.21098/jimf.v8i4.1532

M. A. Khattak, Mohsin Ali, Noureen A. Khan, Fawad Ahmad

引用次数: 0

ECONOMIC OUTPUT, MONETARY POLICY TRANSMISSION AND THE ROLE OF ISLAMIC BANKS: EVIDENCE FROM PAKISTAN DUAL BANKING SYSTEM 经济产出、货币政策传导与伊斯兰银行的作用:来自巴基斯坦二元银行体系的证据

Journal of Islamic Monetary Economics and Finance Pub Date : 2022-12-08 DOI: 10.21098/jimf.v8i4.1486

Azam Ali, Muhamed Zulkhibri, Tanveer Kishwar

引用次数: 0

SHARIAH COMPLIANT FIRMS AND RISK SHARING UNDER PANDEMIC ERA 大流行时代符合伊斯兰教法的企业与风险分担

Journal of Islamic Monetary Economics and Finance Pub Date : 2022-08-30 DOI: 10.21098/jimf.v8i3.1562

Faruk Balli, Jardine A. Husman

{"title":"SHARIAH COMPLIANT FIRMS AND RISK SHARING UNDER PANDEMIC ERA","authors":"Faruk Balli, Jardine A. Husman","doi":"10.21098/jimf.v8i3.1562","DOIUrl":"https://doi.org/10.21098/jimf.v8i3.1562","url":null,"abstract":"In this paper we analyse the Shari’ah Compliant (here after SC) firms and how do they share the output risk under pandemic era. Firms that are accepted to be SC, have been exposed to financial ratio restrictions (like debt ratios, profit ratio or current assets). For those firm not able to use debt to eliminate the income shocks, It is expected that firms after a negative output shock would be reflected to shareholders. In this paper, we measure to what extent SC firms share the risk of income shocks with the market and shareholders. Under pandemic era, SC firms have been exposed to substantial negative income shocks. For the sake of holding their SC certificates, debt leverage is not considered as an option but dropping (or cutting down) dividend payments would make the firms look bad, if they have not done it before. At this stage, firms that have the flexibility to share their income shocks with both market and shareholders before, i.e, produce more on boom market and distribute more dividends and produce less on recession and distribute less dividends, are performed better – stock prices returned to original levels earlier-during the pandemic area.","PeriodicalId":31622,"journal":{"name":"Journal of Islamic Monetary Economics and Finance","volume":"216 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79616059","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

EFFECT OF ISLAMIC FINANCIAL SYSTEM STABILITY ON ECONOMIC PERFORMANCE IN INDONESIA: EVIDENCE FROM DYNAMIC FACTOR MODEL AND NARDL APPROACHES 印尼伊斯兰金融体系稳定性对经济绩效的影响:来自动态因子模型和ndl方法的证据

Journal of Islamic Monetary Economics and Finance Pub Date : 2022-08-30 DOI: 10.21098/jimf.v8i3.1567

S. Law, Masagus M. Ridhwan

{"title":"EFFECT OF ISLAMIC FINANCIAL SYSTEM STABILITY ON ECONOMIC PERFORMANCE IN INDONESIA: EVIDENCE FROM DYNAMIC FACTOR MODEL AND NARDL APPROACHES","authors":"S. Law, Masagus M. Ridhwan","doi":"10.21098/jimf.v8i3.1567","DOIUrl":"https://doi.org/10.21098/jimf.v8i3.1567","url":null,"abstract":"This study constructs the financial stability indexes of Islamic and conventional banking systems for Indonesia using the dynamic factor model. Both stability indexes are then linked to economic performance in Indonesia by employing a nonlinear autoregressive distributed lag (NARDL) model. We contribute to the literature by investigating the possibility of asymmetric linkages between both financial system stability indexes and economic performance. The financial stability indexes constructed and a broad range of macro-financial variables can capture the 2008-2009 global financial crisis and the 2020-2021 COVID-19 pandemic crisis periods. The most significant results posit that positive and negative shocks in Islamic financial stability in the long run increase and decrease economic performance, respectively. However, the financial stability of conventional banks is negatively associated with economic performance in the long run. The quantile regression results also demonstrate that Islamic financial stability is statistically significant throughout all quantiles in promoting economic performance. It plays a greater role at lower quantiles and diminishes when the economic performance has been achieved at a high level. However, the conventional banking stability is a negative and significant determinant of economic performance throughout all quantiles. Results highlight that the stability of the financial system especially the Islamic financial system deepening would enhance economic performance.","PeriodicalId":31622,"journal":{"name":"Journal of Islamic Monetary Economics and Finance","volume":"22 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82779677","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

LOAN PORTFOLIO COMPOSITION OF ISLAMIC AND CONVENTIONAL BANKS PRE- AND POST-COVID-19 PANDEMIC? CASE OF INDONESIA 伊斯兰银行和传统银行在2019冠状病毒病大流行前后的贷款组合构成?印度尼西亚的案例

Journal of Islamic Monetary Economics and Finance Pub Date : 2022-08-30 DOI: 10.21098/jimf.v8i3.1561

Dawood Ashraf, M. Rizwan, D. Adiwibowo

{"title":"LOAN PORTFOLIO COMPOSITION OF ISLAMIC AND CONVENTIONAL BANKS PRE- AND POST-COVID-19 PANDEMIC? CASE OF INDONESIA","authors":"Dawood Ashraf, M. Rizwan, D. Adiwibowo","doi":"10.21098/jimf.v8i3.1561","DOIUrl":"https://doi.org/10.21098/jimf.v8i3.1561","url":null,"abstract":"This study investigates how the Covid-19 pandemic has affected the loan portfolio composition of Indonesian Islamic and conventional banks. By using a sample of 108 conventional and 9 Islamic banks, we find that conventional banks issued more consumption loans during the sample period. On the contrary, Islamic banks granted more investment loans than consumption loans. In addition, given limited support from the central bank, Islamic banks still increased their contribution to investment loans portfolio more rapidly during the COVID-19 pandemic. These results support the view that Islamic banks provide funding to long-term investment projects and may contribute more to sustainable economic growth. This finding could have policy implications for both Islamic banks and the government. Despite the fact that Islamic banking is in its infancy in Indonesia, it provides funding for the real economy. Regulators may assist the Islamic banking sector in developing risk management capacity in various sectors, including agriculture, manufacturing, trading, distribution, hotels, and restaurants. Furthermore, implementing a well-integrated policy framework that includes monetary, fiscal, and financial services can also assist in optimizing the momentum of economic recovery after the pandemic despite global supply disruptions, the Russian-Ukraine war, and climate change.","PeriodicalId":31622,"journal":{"name":"Journal of Islamic Monetary Economics and Finance","volume":"19 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86041106","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: 1

THE PERFORMANCE OF INDONESIAN ISLAMIC RURAL BANKS DURING COVID-19 OUTBREAK: THE ROLE OF DIVERSIFICATION 2019冠状病毒病暴发期间印尼伊斯兰农村银行的表现:多元化的作用

Journal of Islamic Monetary Economics and Finance Pub Date : 2022-08-30 DOI: 10.21098/jimf.v8i3.1564

T. Risfandy, Desti Indah Pratiwi

{"title":"THE PERFORMANCE OF INDONESIAN ISLAMIC RURAL BANKS DURING COVID-19 OUTBREAK: THE ROLE OF DIVERSIFICATION","authors":"T. Risfandy, Desti Indah Pratiwi","doi":"10.21098/jimf.v8i3.1564","DOIUrl":"https://doi.org/10.21098/jimf.v8i3.1564","url":null,"abstract":"This research investigates how Islamic rural banks performed during the Covid-19 outbreak and how diversification is associated with the performance of the banks. Islamic rural banks provide a unique setting because they serve limited customers in a specific region in Indonesia, different from national commercial banks that accommodate all types of customers in all regions. To investigate this issue, we employ panel data of 164 Islamic rural banks dispersed across 23 provinces in Indonesia from 2020q4-2021q3. We find that covid-19 is negatively associated with the profitability of Islamic rural banks, implying that covid 19 has affected all sectors, including banks with niche markets such as Islamic rural banks. We also find that diversification is negatively related to the Islamic rural banks’ performance. This finding suggests that instead of expanding their business scope, Islamic rural banks should focus on their main business activity because their non-financing income is adversely related to their performance. Our finding suggests that policymakers effectively monitor Islamic rural banks to remain focused on their main business activity.","PeriodicalId":31622,"journal":{"name":"Journal of Islamic Monetary Economics and Finance","volume":"7 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-08-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79165759","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