International Journal of Banking and Finance最新文献

COVID-19 AND GOVERNMENT RESPONSES: HAS THE PANDEMIC AFFECTED THE KUALA LUMPUR COMPOSITE INDEX? COVID-19和政府的应对措施：大流行病是否影响了吉隆坡综合指数？

International Journal of Banking and Finance Pub Date : 2024-07-15 DOI: 10.32890/ijbf2024.19.2.1

Eric Wen Ming Yoong, Wee-Yeap Lau

引用次数: 0

DETERMINANTS OF THE LONG-TERM PERFORMANCE OF MALAYSIAN INITIAL PUBLIC OFFERINGS 马来西亚首次公开发行股票长期表现的决定因素

International Journal of Banking and Finance Pub Date : 2024-07-15 DOI: 10.32890/ijbf2024.19.2.4

Wahidah Shari, Mohamad Hanif Abu Hassan

引用次数: 0

ZAKAT DISCLOSURE INDEX BY ISLAMIC BANKS AND DEVELOPMENT FINANCIAL INSTITUTIONS IN MALAYSIA 马来西亚伊斯兰银行和发展金融机构的天课披露指数

International Journal of Banking and Finance Pub Date : 2024-07-15 DOI: 10.32890/ijbf2024.19.2.5

Sutina Mahmod, Norhazlina Ibrahim, Suhaila Abdul Hamid

{"title":"ZAKAT DISCLOSURE INDEX BY ISLAMIC BANKS AND DEVELOPMENT FINANCIAL INSTITUTIONS IN MALAYSIA","authors":"Sutina Mahmod, Norhazlina Ibrahim, Suhaila Abdul Hamid","doi":"10.32890/ijbf2024.19.2.5","DOIUrl":"https://doi.org/10.32890/ijbf2024.19.2.5","url":null,"abstract":"Paying zakat and disclosing it transparently to stakeholders is one of the ways to demonstrate the Islamic ethical value and accountability of Islamic finance institutions (IFIs). Nevertheless, comprehensive zakat information disclosure practices by Islamic banks (IBs) and Development Financial Institutions (DFIs) have received less attention. Therefore, this study was conducted to develop a comprehensive Zakat Disclosure Index (ZDI) for IBs and DFIs and measure the ZDI level of these institutions. Content analysis was performed through financial statements, annual reports, annual integrated reports and annual sustainability reports for four consecutive financial years from 2016 to 2019. The entire population of 16 IBs and 6 DFIs was selected. The ZDI was developed with two categories based on the liability of paying zakat. The scoring was divided into three groups: (i) mandatory financial information versus voluntary financial information versus mandatory non-financial information versus voluntary non-financial information; (ii) mandatory versus voluntary; and (iii) financial versus non-financial. The result showed that the overall disclosure level was at 60 percent, where mandatory disclosure was at 43 percent and voluntary disclosure was at 17 percent, while for financial and non-financial information, the scores were not much different at 25 percent to 33 percent. The study’s implication lies in establishing astandardised zakat index, enhancing comparability among reporting entities. Furthermore, the study holds importance for regulators as it aids in assessing the sufficiency of existing regulations and guidelines. It can guide regulatory actions to uphold the principles of maqasid shariah in reporting practices. ","PeriodicalId":34380,"journal":{"name":"International Journal of Banking and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-07-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"141648008","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

IMPACT OF PEER PRESSURE ON DIVIDEND POLICY: EVIDENCE FROM FOOD & ALLIED AND POWER & FUEL SECTORS IN BANGLADESH 同行压力对股利政策的影响：孟加拉国食品与相关行业以及电力与燃料行业的证据

International Journal of Banking and Finance Pub Date : 2024-07-15 DOI: 10.32890/ijbf2024.19.2.2

Hossain Mohammad Shahriar

引用次数: 0

MARKET REACTION TO THE IMPLEMENTATION OF BASEL CAPITAL IN SOUTH AFRICAN BANKS: EVENT STUDY APPROACH 市场对南非银行实施巴塞尔资本协议的反应：事件研究法

International Journal of Banking and Finance Pub Date : 2024-07-15 DOI: 10.32890/ijbf2024.19.2.3

Damilola Oyetade, P. Muzindutsi

引用次数: 0

A DEA AND TOBIT ANALYSIS OF THE DETERMINANTS OF COST AND PROFIT EFFICIENCY IN THE TURKISH BANKING SECTOR 土耳其银行业成本和利润效率决定因素的 DEA 和 TOTBIT 分析

International Journal of Banking and Finance Pub Date : 2024-01-31 DOI: 10.32890/ijbf2024.19.1.1

Abdulhakim Diko

{"title":"A DEA AND TOBIT ANALYSIS OF THE DETERMINANTS OF COST AND PROFIT EFFICIENCY IN THE TURKISH BANKING SECTOR","authors":"Abdulhakim Diko","doi":"10.32890/ijbf2024.19.1.1","DOIUrl":"https://doi.org/10.32890/ijbf2024.19.1.1","url":null,"abstract":"This paper aims to determine the factors affecting cost and profit efficiency of commercial banks in Turkey and to examine theownership effect on cost and profit efficiency in an emerging market. Another aim of the study is to carry out the most recent and longitudinal (2006-2020) analysis of efficiency in the Turkish banking industry. This study uses an intermediation approach with data envelopment analysis (DEA) as its methodology. A total of 23 commercial banks were selected as the study sample and their quarterly data from 2006- 2020 was collected. In addition, an external two-stage DEA model with Tobit regression was applied to examine the determinants of cost and profit efficiency. The results show that Turkish banks currently work with relatively higher cost efficiency than profit efficiency. On the other hand, foreign banks display a lower cost and profit efficiency performance. The downward trend in profit efficiency in the Turkish banking system sends a warning signal on the health and stability of the banking sector. Multivariate Tobit regression analysis reveals how Total Assets, Deposit Share, Asset Growth, Time Deposits, NPL, and Ownership Structure significantly affect cost and profit efficiency. Ratio of liquid assets to total assets is positively correlated with the efficiency values, in contrast to results from previous studies. Previous studies have mostly been limited to scale and technical efficiency and focused on the cost efficiency of Turkish banks. In this study, the gap in the literature is filled by a comparative examination of the cost andprofit efficiency at the scale of bank ownership. The study will look at and discussed these issues at the most stable period and the pre-pandemic period in the Turkish economy.","PeriodicalId":34380,"journal":{"name":"International Journal of Banking and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140472693","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

FACTORS INFLUENCING STUDENTS’ COST OF LIVING: EVIDENCE FROM MALAYSIAN UNIVERSITIES 影响学生生活费用的因素：来自马来西亚大学的证据

International Journal of Banking and Finance Pub Date : 2024-01-31 DOI: 10.32890/ijbf2024.19.1.5

Hui Lin Tok, Y. Cheah

{"title":"FACTORS INFLUENCING STUDENTS’ COST OF LIVING: EVIDENCE FROM MALAYSIAN UNIVERSITIES","authors":"Hui Lin Tok, Y. Cheah","doi":"10.32890/ijbf2024.19.1.5","DOIUrl":"https://doi.org/10.32890/ijbf2024.19.1.5","url":null,"abstract":"It is widely evident that cost of living among university students are increasing over time. That said, little is understood about factorsassociated with general expenses among students in Malaysian universities. The present study uses primary survey data (n = 454)to examine the correlates of the total amount of money spent by students in a month. An ordered regression model was used to shedlight on factors contributing to different magnitudes of expenses. The explanatory variables consisted of demographic factors, financial knowledge, parental income, peer influence, and personality trait of conscientiousness. Findings from the present study showed that a large proportion of students spent between Ringgit Malaysia (RM) 201 and RM400 per month. Young, male students tended to spend more than older, female students. Expenditure was higher among Chinese students than Malays. Educational levels and income were found to correspond to spending. Having good financial knowledge was associated with reduced expenditure. Students who were influenced by their peers were likely to indulge in high spending compared to those who were not. These findings have important implications for strategic planning and to assist policymakers, parents, and university authorities in formulating better intervention measures aimed at improving students’ spending behaviour, thereby lowering cost of living.","PeriodicalId":34380,"journal":{"name":"International Journal of Banking and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140473764","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 APPLICATION OF PROMISE (WA‘D) IN ISLAMIC BANKING CONTRACTS IN MALAYSIA: A MASLAHAH PERSPECTIVE 承诺（wa'd）在马来西亚伊斯兰银行业合同中的应用：Maslahah 的视角

International Journal of Banking and Finance Pub Date : 2024-01-31 DOI: 10.32890/ijbf2024.19.1.2

Fadziani Yaakub, A. Buang

{"title":"THE APPLICATION OF PROMISE (WA‘D) IN ISLAMIC BANKING CONTRACTS IN MALAYSIA: A MASLAHAH PERSPECTIVE","authors":"Fadziani Yaakub, A. Buang","doi":"10.32890/ijbf2024.19.1.2","DOIUrl":"https://doi.org/10.32890/ijbf2024.19.1.2","url":null,"abstract":"The concept of promise in Islamic banking contracts is a novel tool that has been introduced as a result of recent advancements. Wa’d has grown in popularity in recent years because it provides great flexibility. It was primarily developed by Malaysia’s Islamic banks for product structuring. However, there are issues arising from this principle, which is considered to be against Shariah and merely intended to preserve the bank’s interests, which is of course, contrary to Maqasid al-Shariah. The purpose of this study is to look into the significance of the promise concept in Islamic banking contracts, taking into account the maslahah and mafsadah principles recommended in Maqasid al- Shariah. The study uses a qualitative approach as it allows a more in-depth understanding of the subject matter. Data were gathered using published literature and information from the official website of Bank Negara Malaysia (BNM). A semi-structured interview was conducted with three Shariah experts from the Shariah Advisory Council of Bank Negara Malaysia (SACBNM) and two industry practitioners from Bank Islam Malaysia Berhad (BIMB) and Maybank Islamic Berhad (MIB). The data obtained was analysed using the content analysis approach. In sum, the examination of Islamic law sources and discussions with Islamic scholars revealed that the use of the principle of promise in Islamic banking transactions can benefit the micro and macro economy. The concept of promise in Islamic banking contracts can benefit both customers and Islamic banks, particularly in terms ofmeeting consumer needs, generating profit for Islamic banks, as well as contributing to the country’s development (maqasid kulliyah).","PeriodicalId":34380,"journal":{"name":"International Journal of Banking and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140477357","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

MUTUAL FUND PERFORMANCE IN A BULLISH MARKET DURING THE COVID-19 CRISIS 19年科维德危机期间共同基金在牛市中的表现

International Journal of Banking and Finance Pub Date : 2024-01-31 DOI: 10.32890/ijbf2024.19.1.4

Yunqi Chen, Jia Sin Lim

引用次数: 0

ANALYZING THE DOUBLE CROSSOVER MOVING AVERAGES STRATEGY BEFORE, DURING AND AFTER THE LOCKDOWN PERIOD 分析锁定期之前、期间和之后的双交叉移动平均线策略

International Journal of Banking and Finance Pub Date : 2024-01-31 DOI: 10.32890/ijbf2024.19.1.3

F. Ghapar

{"title":"ANALYZING THE DOUBLE CROSSOVER MOVING AVERAGES STRATEGY BEFORE, DURING AND AFTER THE LOCKDOWN PERIOD","authors":"F. Ghapar","doi":"10.32890/ijbf2024.19.1.3","DOIUrl":"https://doi.org/10.32890/ijbf2024.19.1.3","url":null,"abstract":"Trading is a business, not an investment. Traders focus on minor to secondary trends, while investors focus on the primary trend. Thetrading timeframe is crucial in technical analysis. As such a trader who trades with a minor trend timeframe, must have a trading strategy. We aim to examine the impact of the moving averages double crossover strategy on traders’ profit factor based on minor and secondary trend timeframes before, during and after the lockdown periods. Dow Theory was adopted for this study as a trend should be in effect until it gives a definite signal for a reversal. Data was collected from the Nasdaq Composite Index for a five-year period, from 2018 to 2022. During this time frame, the required data for the study was obtained at the point of the golden crossover and exiting at the dead crossover, in which 2018 to 2019 was the period before the lockdown, 2020 to 2021 was the period during lockdown, and 2022 was the year after lockdown. By using trading profits and loss for both longs and shorts, we back tested three strategies of double crossover moving averages that were as follows: i) EMA5 crossover EMA10, ii) EMA5 crossover EMA20 and iii) EMA20 crossover EMA50. A non-parametric analysis of independent samples was used. The result shows that there was a significant difference among those three strategies before the lockdown period, but no significant difference during and after the lockdown period.","PeriodicalId":34380,"journal":{"name":"International Journal of Banking and Finance","volume":null,"pages":null},"PeriodicalIF":0.0,"publicationDate":"2024-01-31","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140471508","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