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

Patronage Factors of Motor Vehicle Takaful in Kano State, Nigeria 尼日利亚卡诺州机动车回教的赞助因素

International Journal of Islamic Economics and Finance Pub Date : 2022-07-31 DOI: 10.18196/ijief.v5i2.14970

Alhassan Yahaya, Sagir Muhammad Sulaiman, Habu Abdu Aminu

{"title":"Patronage Factors of Motor Vehicle Takaful in Kano State, Nigeria","authors":"Alhassan Yahaya, Sagir Muhammad Sulaiman, Habu Abdu Aminu","doi":"10.18196/ijief.v5i2.14970","DOIUrl":"https://doi.org/10.18196/ijief.v5i2.14970","url":null,"abstract":"The Nigerian insurance industry has been associated with low patronage, thus contributing less than 1% to the Gross Domestic Product (GDP). The marketing and distribution segment of the Nigerian oil and Gas industry is facing multiple challenges including difficulty in transporting product through pipelines which necessitate the use of alternative means of transportation by road (Trucks). The main objective of this study is to empirically examine the determinants of patronage of motor vehicle Takaful by members of National Association of Road Transport Owners (NARTO-PTD) Kano State. The population of the study is 320 registered members of NARTO-PTD. Using Taro Yamane sample size formula, the study arrives at a sample of 178 respondents who were selected using simple Random Sampling Techniques. Partial Least Square - Structural Equation Modelling (PLS-SEM) method was employed to test the hypotheses of the study. The result reveals that while awareness is insignificant but perception and religiosity significantly affect patronage of motor vehicle takaful by members of NARTO-PTD in Kano State. The study recommends Takaful Companies to develop policies that will further encourage those highly religious and attract those that are not highly religious through organizing educative programs in masjids and other religious avenues and places of worship. Lastly, the study recommends developing policies that will strengthening the perception (NARTO-PTD) members toward Takaful.","PeriodicalId":33058,"journal":{"name":"International Journal of Islamic Economics and Finance","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"48976245","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 nexus between savings and investment in the East African Community: Co-integration and error correction models 东非共同体储蓄与投资的关系:协整与纠错模型

International Journal of Islamic Economics and Finance Pub Date : 2022-07-31 DOI: 10.5897/jeif2019.0987

Mamoud Abdul Jalloh

{"title":"The nexus between savings and investment in the East African Community: Co-integration and error correction models","authors":"Mamoud Abdul Jalloh","doi":"10.5897/jeif2019.0987","DOIUrl":"https://doi.org/10.5897/jeif2019.0987","url":null,"abstract":"This study examines the effect of savings on investment in East African countries in the face of the recent reduction in trade barriers and other regional integration policies. The findings reveal that among all the regions in Africa, East Africa had the lowest household saving for the period 2000-2016 and only Burundi and Kenya savings and investment rates were co-integrated. The policy implication is that the domestic saving rates significantly drive economic growth via investment in only Burundi and Kenya. In addition, there was weaker impact of savings on investment in the East African Community (EAC) due to flexible capital mobility and harmonized government policies. These findings also corroborate the Solow model that capital accumulation (saving) is not the main driver of economic growth (investment) but rather exogenous technological progress. The study therefore recommends that knowledge, education and skills of the labor force, number of years of schooling, learning by doing, the strength of property rights, the quality of infrastructure, cultural attitudes towards entrepreneurship and work should be improved in the EAC.","PeriodicalId":33058,"journal":{"name":"International Journal of Islamic Economics and Finance","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-07-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89765096","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 Role of Attitudes toward Local Product in Green Marketing Strategy: Evidence from Muslim Consumers 对本地产品的态度在绿色营销策略中的作用:来自穆斯林消费者的证据

International Journal of Islamic Economics and Finance Pub Date : 2022-07-29 DOI: 10.18196/ijief.v5i2.14643

M. A. Al Hadi, I. S. Budi

{"title":"The Role of Attitudes toward Local Product in Green Marketing Strategy: Evidence from Muslim Consumers","authors":"M. A. Al Hadi, I. S. Budi","doi":"10.18196/ijief.v5i2.14643","DOIUrl":"https://doi.org/10.18196/ijief.v5i2.14643","url":null,"abstract":"The impact of the COVID-19 pandemic has increasingly aroused the awareness of companies towards environmental issues. The company began to make changes in energy utility to reduce environmental impacts, including its marketing pattern. In addition, the issue of the government's campaign to love local products has also influenced consumer purchase intention. For this reason, this study aims to examine the impact of green marketing strategy (GMS) variables, which are green advertising and green brand image, and the attitudes toward local products as the moderating role, on Muslim purchase intention. This study used the partial least square–structural equation modeling (PLS-SEM) method. The data collected from 89 Muslim consumers in Banjarmasin, Indonesia, were processed using SmartPLS. This study uncovered that both GMS variables significantly affected the consumers’ purchase intention. However, this study also found that the attitude toward local products did not moderate the relationship between the two previous variables on purchase intention, but it significantly affected consumers’ purchase intention directly.","PeriodicalId":33058,"journal":{"name":"International Journal of Islamic Economics and Finance","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"42950854","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

Bank Reactions to COVID-19 Pandemic and Currency Crisis: Empirical Evidence from Iran 银行对新冠肺炎疫情和货币危机的反应：来自伊朗的经验证据

International Journal of Islamic Economics and Finance Pub Date : 2022-07-29 DOI: 10.18196/ijief.v5i2.14825

Reza Gholami, Aisyah Abdul-Rahman

{"title":"Bank Reactions to COVID-19 Pandemic and Currency Crisis: Empirical Evidence from Iran","authors":"Reza Gholami, Aisyah Abdul-Rahman","doi":"10.18196/ijief.v5i2.14825","DOIUrl":"https://doi.org/10.18196/ijief.v5i2.14825","url":null,"abstract":"Since 2019, the global economy is suffering from a crisis caused by a novel virus called Covid-19 which create uncertainty condition for investors by affecting both supply and demand side of the economy, simultaneously. It is expected that investors be more cautious in investing under uncertain condition created by Covid-19, but this issue has been neglected in the literature. We address it by examining the banks’ behavior in constructing their portfolio based on empirical evidence from the Islamic Republic of Iran (Iran). We focus on banking system as it is a major investor in the economy that is more sensitive to any surprises due to the structure of its business model. By categorizing the Iranian banks’ assets into fixed, variable, and no-interest rate, we examine the weight change of the three contracts in the banks’ portfolio during the Covid-19 and a regular currency crisis. We apply ARDL regression analysis for monthly data (January 2010 to June 2021) from Iranian Central Bank. The results revealed that the weight of the fixed rate contracts in the banks’ portfolio, on average, is higher during crisis compared to normal periods, and is even higher facing Covid-19 or uncertainty condition. This study adds to the literature of Covid-19 crisis and its findings help policymakers to provide a prompt reply of such crisis through banking system.","PeriodicalId":33058,"journal":{"name":"International Journal of Islamic Economics and Finance","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46255860","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 Role of Islamic Religiosity on the Relationship Between Risk, Trust, and Intention to Use Digital Payments During the COVID-19 Pandemic 伊斯兰宗教在新冠肺炎大流行期间风险、信任和使用数字支付意愿之间关系中的作用

International Journal of Islamic Economics and Finance Pub Date : 2022-07-29 DOI: 10.18196/ijief.v5i2.13990

Yudi Sutarso

{"title":"The Role of Islamic Religiosity on the Relationship Between Risk, Trust, and Intention to Use Digital Payments During the COVID-19 Pandemic","authors":"Yudi Sutarso","doi":"10.18196/ijief.v5i2.13990","DOIUrl":"https://doi.org/10.18196/ijief.v5i2.13990","url":null,"abstract":"There has been limited study on risk perception faced by digital payment customers, particularly during the COVID-19 pandemic, motivating this study to analyze the role of risk and trust on the intention and use of digital payments and confirm the moderating role of Islamic religiosity in the model. This study used the Partial Least Squares -Structural Equation Model (PLS-SEM) method, including a survey of 270 customers of three digital payment service providers: OVO, Gopay, and Dana. The key finding revealed that security and operational risks significantly impacted trust, even though they did not affect the intention to continue. Another significant result uncovered that Islamic religiosity moderated the effect of operational risk on trust. In this case, customers with a lesser religiosity level were more sensitive to the risk's impact. The significant contribution of this study is an expanding theory on the relationship between perceived risk, trust, and the use of digital payments. The study also offers recommendations to practitioners on managing risk and trust to increase the likelihood of using digital payment in the future. Furthermore, practitioners must consider religiosity regarding risk management, trust, and consumer protection.","PeriodicalId":33058,"journal":{"name":"International Journal of Islamic Economics and Finance","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"47082097","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

Comparison Performance of Environmental, Social, and Governance Stock Index with Sharia Stock Index Before and During the Covid-19 Pandemic in Southeast Asia 环境、社会和治理股票指数与伊斯兰教法股票指数在新冠肺炎大流行之前和期间的表现比较

International Journal of Islamic Economics and Finance Pub Date : 2022-07-29 DOI: 10.18196/ijief.v5i2.13392

Een Nuraeni, Faaza Fakhrunnas

{"title":"Comparison Performance of Environmental, Social, and Governance Stock Index with Sharia Stock Index Before and During the Covid-19 Pandemic in Southeast Asia","authors":"Een Nuraeni, Faaza Fakhrunnas","doi":"10.18196/ijief.v5i2.13392","DOIUrl":"https://doi.org/10.18196/ijief.v5i2.13392","url":null,"abstract":"Covid-19 is a pandemic event with a global impact from a health and economic point of view. The number of confirmed cases of Covid-19 that continues to grow has caused several countries to implement lockdown policies. However, this has implications for an increasingly depressed stock market. Thus, it can affect the performance of stock indexes in various countries. This research aims to examine the effects of Covid-19 on the Islamic stock index and the environmental, social, and governance stock index in Southeast Asia, and then compare the two indexes when responding to the Covid-19 pandemic. The models used in this research are event study and Vector Error Correction Model (VECM). This study utilizes time-series data with a five-month daily period starting from December 2019 to April 2020. The results of the event study model show that the number of positive cases of Covid-19 has a significant effect on the performance of the stock index studied, except for the ESG stock indexes in Singapore. Meanwhile, the results from the VECM show that the number of positive cases of Covid-19 has a significant effect on the stock index’s performance in the long and short term, except for the sharia stock index which does not have a significant impact on the short term in Singapore, and does not have a significant impact on the long term in Malaysia namely HIJRAH index.","PeriodicalId":33058,"journal":{"name":"International Journal of Islamic Economics and Finance","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"44560610","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

Volatility and Stability of ESG Equity in Indonesia toward Internal and External Shocks 印尼ESG股权面对内外冲击的波动性与稳定性

International Journal of Islamic Economics and Finance Pub Date : 2022-07-29 DOI: 10.18196/ijief.v5i2.12693

I. Gunawan, M. Firdaus, H. Siregar, M. Siregar

{"title":"Volatility and Stability of ESG Equity in Indonesia toward Internal and External Shocks","authors":"I. Gunawan, M. Firdaus, H. Siregar, M. Siregar","doi":"10.18196/ijief.v5i2.12693","DOIUrl":"https://doi.org/10.18196/ijief.v5i2.12693","url":null,"abstract":"The Environmental, Social and Governance (ESG) index is rising in popularity globally especially in Indonesia. This study attempts to prove that ESG equity is less volatile than non-ESG equity, since specific components of ESG are essentially parts of the Shariah values. Using data from 2009 through 2020, the Vector Error Correction Model (VECM) method was utilized to further investigate the link between ESG and other endogenous variables such as the DJIM (Dow Jones Islamic Market), Fed rate, JCI (Jakarta Composite Index) index, exchange rate, and BI rate. The results show that all internal and external variables significantly influence ESG equity in very low magnitude, except for DJIM negatively and Fed rate positively. However, the IRF findings reveal what transpired to the ESG equity, which was able to endure shocks from both internal and external simultaneously, and to stabilize more swiftly. Moreover, the FEVD results shows that all internal and external variables have little impact to ESG equity totaling less than 9 per cent. Meanwhile, the impact of the same variables to non-ESG equity, i.e., JCI and DJIM, are higher at 38 per cent and 13 per cent, respectively. In addition, ESG equity tends to have a dominant influence on other non-ESG equity. Therefore, the Indonesian stock market will be more stable if ethical investing norms, such as ESG equity, are followed, which will be more judicious in order to achieve long-term growth.","PeriodicalId":33058,"journal":{"name":"International Journal of Islamic Economics and Finance","volume":"1 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"41659243","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

Salam As Banking Financing for Agriculture in Developing Countries: Lessons From Sudan 萨拉姆作为发展中国家农业的银行融资：苏丹的经验教训

International Journal of Islamic Economics and Finance Pub Date : 2022-07-29 DOI: 10.18196/ijief.v5i2.13750

Salih Mustafa Ahmed Mualley, Issa Salim Moh’d

{"title":"Salam As Banking Financing for Agriculture in Developing Countries: Lessons From Sudan","authors":"Salih Mustafa Ahmed Mualley, Issa Salim Moh’d","doi":"10.18196/ijief.v5i2.13750","DOIUrl":"https://doi.org/10.18196/ijief.v5i2.13750","url":null,"abstract":"The objective of this study is to measure the impact of commercial bank financing via Salam mode of finance on the Sudanese agricultural production and determine whether the Salam mode is suitable for financing agriculture or not. For the purpose of the analysis, the ordinary least squares method (OLS) was applied to a log - linear form of a simple regression model with a time series data on Sudan’s total annual agricultural production as a dependent variable and the commercial banks total annual financing via Salam for explanatory variable. The empirical results indicated that Salam mode of finance is appropriate for financing agriculture in Sudan due to its significant effects on agricultural production with a significant and positive relationship. In addition, agricultural sector highly contributed to the country economy during the study period and highly positively elastic to bank financing. However, it is hindered by heavy direct and indirect taxes, high marketing cost, long distance with poor rural infrastructure and weak agricultural returns. Therefore, relevant policy implications for both agriculture and bank financing are required. Hence, results of study suggest that banks should increase the provision for Salam mode for high agricultural production, reduce tax burdens, renovate the infrastructure, and facilitate financing procedures to agricultural sector.","PeriodicalId":33058,"journal":{"name":"International Journal of Islamic Economics and Finance","volume":" ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-07-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"46226223","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

A systematic and non-systematic approach to monetary policy shocks and monetary transmission process in Nigeria 对尼日利亚货币政策冲击和货币传导过程的系统和非系统研究

International Journal of Islamic Economics and Finance Pub Date : 2022-06-30 DOI: 10.5897/jeif2022.1170

Olajide Oyadeyi

{"title":"A systematic and non-systematic approach to monetary policy shocks and monetary transmission process in Nigeria","authors":"Olajide Oyadeyi","doi":"10.5897/jeif2022.1170","DOIUrl":"https://doi.org/10.5897/jeif2022.1170","url":null,"abstract":"The study explores the impacts of systematic and nonsystematic monetary policy shocks and how they affect the monetary transmission process in Nigeria from 1986 to 2020 using quarterly data. The objective of the study was to improve the understanding of the systematic and non-systematic monetary shocks and how they affect the monetary transmission process in Nigeria. Data on variables such as monetary policy rate, all-share index, exchange rate, private sector credits, and inflation rate were used to investigate the impact of these shocks on monetary transmission channels. The study adopted methods such as unit root, historical decomposition as well as a non-linear Autoregressive Distributed Lag (NARDL) framework to carry out this investigation. The results showed that both the systematic and nonsystematic shocks influenced interest rate and expectations channels, while the negative systematic shocks influenced the credit channel. However, these shocks had no significant influence on exchange rate and asset price channels. The study was concluded by recommending that these channels should be well managed to avoid negative systematic and nonsystematic shocks to improve the monetary transmission process and foster a sound financial system in Nigeria.","PeriodicalId":33058,"journal":{"name":"International Journal of Islamic Economics and Finance","volume":"78 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2022-06-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84395987","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

Determinasi Return on Asset, Net Profit Margin, dan Total Asset Turnover terhadap Pertumbuhan Laba pada Perusahaan Sektor Pertambangan di Bursa Efek Indonesia 资产回报率、净利润利润率和总资产对印尼证券交易所矿业公司利润增长的影响

International Journal of Islamic Economics and Finance Pub Date : 2022-06-13 DOI: 10.55657/iefj.v1i2.52

Rahmatia

引用次数: 0