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

Islamic and Conventional Stocks’ Volatility: Evidence from the Three Waves of Covid-19 Pandemic 伊斯兰和传统股票的波动:来自新冠肺炎大流行三波的证据

International Journal of Islamic Economics and Finance Pub Date : 2023-01-31 DOI: 10.18196/ijief.v6i1.14838

Muhammad Syauqy Alghifary, Dzuliyati Kadji, Iffah Hafizah

{"title":"Islamic and Conventional Stocks’ Volatility: Evidence from the Three Waves of Covid-19 Pandemic","authors":"Muhammad Syauqy Alghifary, Dzuliyati Kadji, Iffah Hafizah","doi":"10.18196/ijief.v6i1.14838","DOIUrl":"https://doi.org/10.18196/ijief.v6i1.14838","url":null,"abstract":"This study aims to compare the performance of Islamic and conventional stocks’ performance amid a crisis. The performance is measured by analyzing the volatility of the Indonesian Sharia Stock Index (ISSI) and the Composite Stock Price Index (IHSG) IHSG during the Covid-19 pandemic. Based on the results of the different tests using the paired t-test and Wilcoxon rank test methods, it was concluded that the ISSI and IHSG experienced significant changes before and after discovering the first case of Covid-19 in Indonesia. Significant changes in both values are also found when the Delta variance spreads. Meanwhile, when the third wave occurred due to the presence of the Omicron variant, ISSI and IHSG were able to move more stable and did not experience significant shocks. Then, the estimation results of the GARCH model conclude that both Islamic stocks and conventional stocks have an immense volatility power with an identical value of 0.94 or close to 1. The volatility is also significantly influenced by the previous volatility and the squared error representing other previous events outside the model. The volatility that occurs in Islamic and conventional stocks is not much different, even though both stocks have different characters in the ratio of debt and income. Fundamental factors also cause this high volatility in the form of shocks in several macroeconomic variables, including the rupiah exchange rate, gold prices, and world oil prices. In addition, the contagion effect that occurred during the Covid-19 crisis also contributed to the spread of systemic risk in global stock indexes on stock volatility in Indonesia","PeriodicalId":33058,"journal":{"name":"International Journal of Islamic Economics and Finance","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47548759","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

Cash Waqf Acceptance Among Entrepreneurs in Kano Metropolis, Nigeria 尼日利亚卡诺大都会企业家接受现金宗教基金

International Journal of Islamic Economics and Finance Pub Date : 2023-01-31 DOI: 10.18196/ijief.v6i1.16966

A. Muhammad, Jibril Lawan Alkassim, Sagir Muhammad Sulaiman

{"title":"Cash Waqf Acceptance Among Entrepreneurs in Kano Metropolis, Nigeria","authors":"A. Muhammad, Jibril Lawan Alkassim, Sagir Muhammad Sulaiman","doi":"10.18196/ijief.v6i1.16966","DOIUrl":"https://doi.org/10.18196/ijief.v6i1.16966","url":null,"abstract":"Cash waqf was introduced as an alternative for individuals who do not have an immovable asset but rather have the cash to donate as waqf. It can be observed, however, that Muslims in Kano State narrow their perception of waqf only to be in the form of a kind but not in cash. It is to say that public awareness and understanding of cash waqf are insignificant. Therefore, this study aims to assess factors influencing the intention to accept cash waqf among entrepreneurs in the Kano metropolis with particular reference to Singer Market. The study employed partial least square–structural equation modeling (PLS-SEM) and was theoretically guided by the Theory of Planned Behavior (TPB). Structured survey questionnaires were administered to 379 respondents whom were registered entrepreneurs in Singer Market based on a convenience non-probability sampling technique. Descriptive statistics using charts and tables were employed to analyze the demographic information, while data collected from the respondents were analyzed utilizing AMOS, version 21. The study uncovered that perceived behavioral control and religiosity significantly influenced the intention to accept cash waqf among entrepreneurs in Singer Market in Kano Metropolis, while awareness and attitude did not. This paper recommends that the management of the Kano State Zakat and Hubsi Commission (KSZHC) should establish sensitization programs to create awareness and promote cash waqf for the public to mobilize more potential waqf donors in the state.","PeriodicalId":33058,"journal":{"name":"International Journal of Islamic Economics and Finance","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"49575683","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

Financial risk and financial performance of deposit money banks in Nigeria 尼日利亚存款银行的财务风险与财务绩效

International Journal of Islamic Economics and Finance Pub Date : 2022-12-31 DOI: 10.5897/jeif2021.1139

Olufemi C. Ademola, Sunmisola Ismaila

引用次数: 0

Impact of bilateral and multilateral aid on domestic savings of Sub-Saharan African countries: Mediating role of institutional quality 双边和多边援助对撒哈拉以南非洲国家国内储蓄的影响:制度质量的中介作用

International Journal of Islamic Economics and Finance Pub Date : 2022-12-31 DOI: 10.5897/jeif2022.1174

Wambaka Kosea

引用次数: 0

Assessment of monetary policy transmission mechanism in Tanzania 坦桑尼亚货币政策传导机制评估

International Journal of Islamic Economics and Finance Pub Date : 2022-12-31 DOI: 10.5897/jeif2022.1181

Deogratius Kimolo, Asimwe Bashagi, Mollel Sanga

{"title":"Assessment of monetary policy transmission mechanism in Tanzania","authors":"Deogratius Kimolo, Asimwe Bashagi, Mollel Sanga","doi":"10.5897/jeif2022.1181","DOIUrl":"https://doi.org/10.5897/jeif2022.1181","url":null,"abstract":"This study aims at assessing the effectiveness of alternative monetary policy transmission channels in Tanzania. Theoretically, the monetary policy transmission is expected to differ between developed and developing countries due to varied structural and institutional features. The empirical work undertaken by this study suggests that the sensitivity of output and prices to changes in monetary policy are generally weak and slow. Moreover, the study found a significant contribution of monetary policy in explaining dynamics of supply of credit to private sector which matters in fostering the growth of the economy. And lastly, it appears that inflation and exchange rate dynamics in Tanzania are highly influenced by developments in the international oil prices. There are potentially three policy implications, the first one being sustaining financial sector reforms geared towards eliminating the remaining structural impediments that hinder financial deepening, the Bank may choose to switch to an alternative monetary policy framework that has proved to be successful in attaining price stability, the Bank of Tanzania should continue with close monitoring of the global developments especially the movements in the international oil prices and react appropriately in order to safeguard the domestic macroeconomic stability.","PeriodicalId":33058,"journal":{"name":"International Journal of Islamic Economics and Finance","volume":"3 7 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82886558","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

Comparative Study of Hisbah Institutions and Consumer Protection Institutions In Indonesia In A Review of Islamic Business Ethics 伊斯兰商业伦理评论中印尼Hisbah制度与消费者保护制度的比较研究

International Journal of Islamic Economics and Finance Pub Date : 2022-12-16 DOI: 10.32332/ijie.v4i02.5554

Ananto Triwibowo, Dimas Pratomo, Nur Sya'adi, Muhammad Afani Adam

引用次数: 0

Company Zakat Distribution Model in Metro Lampung 公司天课在南榜地铁的配送模式

International Journal of Islamic Economics and Finance Pub Date : 2022-12-16 DOI: 10.32332/ijie.v4i02.5853

Zainal Arifin, Nova Purnamasari

引用次数: 1

The Effect of Radio Broadcasting, Nganggung Traditional, Local Influencer, and Education to Sharia Financial Literation’s Level of Central Bangka’s Society 广播、恩贡传统、地方影响者和教育对邦加中部社会伊斯兰金融知识水平的影响

International Journal of Islamic Economics and Finance Pub Date : 2022-12-05 DOI: 10.32332/ijie.v4i02.5403

Yaser Taufik Syamlan, Riyan Erwinsyah

{"title":"The Effect of Radio Broadcasting, Nganggung Traditional, Local Influencer, and Education to Sharia Financial Literation’s Level of Central Bangka’s Society","authors":"Yaser Taufik Syamlan, Riyan Erwinsyah","doi":"10.32332/ijie.v4i02.5403","DOIUrl":"https://doi.org/10.32332/ijie.v4i02.5403","url":null,"abstract":"This research was conducted to see the influence of Radio Broadcasts, Traditional Singing, Local Influencers, and Education on the Level of Islamic Financial Literacy in the People of Central Bangka. This type of research is a quantitative study using the regression analysis model. To measure the dependent variable indicators the ordinal scale is used (0-1), and the independent variables are using the Likert scale (1-4). The results of this study indicate that the results of simultaneous testing show that all variables have a significant effect on Islamic financial literacy. This can be seen from the results of the Chi-Square test. However, in the significance test, one of the variables was not significant, namely education, only 3 variables had a significant effect, namely radio broadcasts, local influencers, and culture (nganggung). Based on these statistical results, it can be understood that through radio broadcasts with sharia economic programs, the public gets important information about this matter. Likewise, influential figures such as traditional leaders, community leaders, and religious leaders who have adequate sharia economic insight will contribute to increasing sharia economic literacy. Through the Nganggung Culture, the community will receive this information more quickly.","PeriodicalId":33058,"journal":{"name":"International Journal of Islamic Economics and Finance","volume":"35 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-12-05","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80502700","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 Islamic Business Ethics: Video Unboxing as a Khiyar mechanism in Online Buying and Selling Transactions 数字伊斯兰商业伦理:视频开箱作为在线买卖交易中的Khiyar机制

International Journal of Islamic Economics and Finance Pub Date : 2022-12-05 DOI: 10.32332/ijie.v4i02.5788

Andrian Harmoko, D. Ambarwati

引用次数: 0

MARKET IMPACT OF COVID-19 TO ANNOUNCEMENTS OF CANADIAN EQUITY OFFERINGS COVID-19对加拿大股票发行公告的市场影响

International Journal of Islamic Economics and Finance Pub Date : 2022-12-01 DOI: 10.18374/jife-22-4.1

Arturo Rubalcava

引用次数: 0