The Journal of Muamalat and Islamic Finance Research最新文献_第7页

A Social Performance Management Framework for Islamic Microfinance Institutions 伊斯兰小额信贷机构的社会绩效管理框架

The Journal of Muamalat and Islamic Finance Research Pub Date : 2019-06-01 DOI: 10.33102/JMIFR.V16I1.208

Siti Nabiha Abdul Khalid, Sheirijah Sheikh Kamaruddin

引用次数: 3

A Proposal of AMM (Adapted Mudarabah Model) for Shariah Compliant Home Financing in Malaysia 马来西亚符合伊斯兰教法的住房融资的AMM(改编Mudarabah模式)建议

The Journal of Muamalat and Islamic Finance Research Pub Date : 2019-06-01 DOI: 10.33102/JMIFR.V16I1.210

Abu Azaheem Ahamed Aswer, A. Jalil, N. Muhamed

{"title":"A Proposal of AMM (Adapted Mudarabah Model) for Shariah Compliant Home Financing in Malaysia","authors":"Abu Azaheem Ahamed Aswer, A. Jalil, N. Muhamed","doi":"10.33102/JMIFR.V16I1.210","DOIUrl":"https://doi.org/10.33102/JMIFR.V16I1.210","url":null,"abstract":"This study aims to propose a Shariah compliant mode of house financing named as “Adapted Mudarabah Model” or abbreviated as AMM. The proposal is made after discussing the most two common schemes for Islamic home financing i.e. BBA (Bayʿ Bithaman Ajil) dan MM (Musharakah Mutanaqisah) and their Shariah related issues. Thus, it is exploratory and conceptual in nature. This Shariah compliant financing model is proposed due to the shortfalls in the BBA and MM models where there are some unresolved and controversial Shariah and legal issues. This study uses the concept of mudarabah in this model and suggests that by implementing this model, all of the issues discussed in BBA and MM can be mitigated as the model does not require the Islamic banks to fulfill any of the conditions and obligations of counter-values. The proposal discussed in this article could contribute to the diversification of Shariah contracts for Islamic financing products. It is one of the celebrated ways in developing Islamic finance practices. The discussions of this paper focus on the Shariah aspects of the proposed model especially on mudarabah and qard contracts. The technical applications presented stand as illustrations and require further investigations and examinations for further application.","PeriodicalId":350106,"journal":{"name":"The Journal of Muamalat and Islamic Finance Research","volume":"7 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2019-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133210431","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

Mediating Effect of Organizational Commitment Between Islamic Human Resource Practices and Organizational Performance Among Islamic Banks of Bangladesh 孟加拉伊斯兰银行组织承诺对伊斯兰人力资源实践与组织绩效的中介作用

The Journal of Muamalat and Islamic Finance Research Pub Date : 2018-12-01 DOI: 10.33102/JMIFR.V15I2.177

Bablu Kumar Dhar, R. Masruki, M. Mutalib, Hatem Mohammed Rahouma, F. A. Sobhani, M. Absar

引用次数: 16

Case Study: Qayz Holdings (M) Sdn Bhd 案例研究:Qayz Holdings (M) Sdn Bhd

The Journal of Muamalat and Islamic Finance Research Pub Date : 2018-12-01 DOI: 10.33102/JMIFR.V15I2.179

Akmal Hakim, Z. Mohamed

引用次数: 0

Board Characteristics and Muslim Ownership Structure on Value Relevance of Accounting Information: Evidence from Malaysian Shariah Compliant Companies 董事会特征和穆斯林股权结构对会计信息价值相关性的影响:来自马来西亚符合伊斯兰教法的公司的证据

The Journal of Muamalat and Islamic Finance Research Pub Date : 2018-12-01 DOI: 10.33102/JMIFR.V15I2.176

A. Adaa, M. Hanefah

{"title":"Board Characteristics and Muslim Ownership Structure on Value Relevance of Accounting Information: Evidence from Malaysian Shariah Compliant Companies","authors":"A. Adaa, M. Hanefah","doi":"10.33102/JMIFR.V15I2.176","DOIUrl":"https://doi.org/10.33102/JMIFR.V15I2.176","url":null,"abstract":"Corporate reporting is considered important because it provides information to assist internal and external corporate annual report users in making informed decisions. The high quality of financial reporting information is really significant, since employing this information can also lead to an increase in investment efficiency. Owners or shareholders need all necessary financial information for decision making. Nevertheless, even though they own the companies but the management is carried out by a pool of professionals – managers and directors. Thus, the directors set the directions and policies for the management team to run the company’s daily affairs. The separation between ownership and managers in firms leads to the agency problem between them. This study looks into the relationship between corporate governance characteristics (the size of the board of directors, the number of Shariah background directors, number of Muslim female in board, Muslim ownership structure) and value relevance of accounting information. Findings show a positive association between board size and value relevance of accounting information in Malaysian Shariah-compliant firms. However, there is not enough evidence to prove Shariah background members on board can enhance the value relevance of accounting information. Regarding the relationship between the presence of Muslim female directors in the board and the value relevance of accounting information, the results reveal insignificant relationship. The findings also indicate that companies with large Muslim ownership are negatively significant for value relevance of accounting information.","PeriodicalId":350106,"journal":{"name":"The Journal of Muamalat and Islamic Finance Research","volume":"221 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132114919","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

Pengurusan Pendapatan Tidak Patuh Syariah di Bank Muamalat Malaysia Berhad

The Journal of Muamalat and Islamic Finance Research Pub Date : 2018-12-01 DOI: 10.33102/JMIFR.V15I2.180

Muhamad Fadli Abdullah, Azizi Che Seman

{"title":"Pengurusan Pendapatan Tidak Patuh Syariah di Bank Muamalat Malaysia Berhad","authors":"Muhamad Fadli Abdullah, Azizi Che Seman","doi":"10.33102/JMIFR.V15I2.180","DOIUrl":"https://doi.org/10.33102/JMIFR.V15I2.180","url":null,"abstract":"Pendapatan tidak patuh Syariah merupakan istilah baharu dalam kontek sistem kewangan dan perbankan Islam di Malaysia. Pendapatan tidak patuh Syariah merujuk kepada apa-apa jenis harta yang diperolehi hasil daripada transaksi yang bertentangan dengan syariat Islam seperti riba, judi dan rasuah, atau kerana percampuran antara aktiviti yang dibenarkan oleh syarak dengan yang sebaliknya. Sesuatu isu Syariah yang dilaporkan akan melalui beberapa proses sebelum ianya disahkan sebagai tidak patuh Syariah sebenar atau sebaliknya oleh Jawatankuasa Syariah institusi kewangan Islam (IKI). Sekiranya isu yang dilapor dan disahkan sebagai tidak patuh Syariah yang sebenar oleh Jawatankuasa Syariah serta melibatkan kerugian kewangan, IKI perlu menyalurkan pendapatan tersebut kepada badan-badan kebajikan untuk kegunaan umum. Kajian ini bertujuan untuk mengkaji kaedah pelaporan, kejadian, pendapatan serta pengurusan pendapatan tidak patuh Syariah di Bank Muamalat Malaysia Berhad (BMMB). Data kajian diperoleh daripada sumber primer seperti wawancara dengan pegawai BMMB. Di samping itu, dokumen polisi Bank Negara Malaysia (BNM) turut digunakan sebagai garis panduan utama yang menjadi penanda aras dalam menentukan sesuatu kejadian tidak patuh Syariah.","PeriodicalId":350106,"journal":{"name":"The Journal of Muamalat and Islamic Finance Research","volume":"1938 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128779592","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 Impact on the Accountability of Malaysian State Islamic Religious Councils (SIRC) 对马来西亚国家伊斯兰宗教委员会(SIRC)问责制的财政影响

The Journal of Muamalat and Islamic Finance Research Pub Date : 2018-12-01 DOI: 10.33102/JMIFR.V15I2.175

R. Masruki, K. Hussainey, Doaa A Aly

{"title":"Financial Impact on the Accountability of Malaysian State Islamic Religious Councils (SIRC)","authors":"R. Masruki, K. Hussainey, Doaa A Aly","doi":"10.33102/JMIFR.V15I2.175","DOIUrl":"https://doi.org/10.33102/JMIFR.V15I2.175","url":null,"abstract":"This paper aims to identify whether Malaysian State Islamic Religious Councils (SIRC) financial characteristics have a significant impact on the accountability of Malaysian State Islamic Religious Councils (SIRC). A content analysis approach was used to examine the extent and quality of disclosure in the annual reports of SIRC, indicating accountability of SIRCs. This paper used the self-developed disclosure index that applies specifically for SIRC. Multiple regression was used to examine the financial determinants of the extent and quality of disclosure. The result of the regression models revealed that the extent and quality of SIRC disclosure is influenced by organisational characteristic, namely size. This study suggests that disclosure in the annual report, in particular the non-financial performance, increases with the amount of zakat collection, thereby demonstrating SIRC’s responsibility. Next, the control variable of accessibility is found to be significantly related to financial statements. Obliged to produce financial statements, SIRC are more likely to disclose more information in the financial statements. This research finding has important implications for regulators, policy makers and top officials in SIRC, by monitoring the quality of disclosure, supporting the notion of public accountability, which appreciates the public’s right to get inform about SIRC. Despite the voluntary disclosure of a non-financial report, SIRC should consider producing a comprehensive annual report for the discharge of their accountability and thus, encourage more funding. They should be more transparent to enhance accessibility, concerning the extent and quality of the disclosure.","PeriodicalId":350106,"journal":{"name":"The Journal of Muamalat and Islamic Finance Research","volume":"104 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128364881","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: 5

An Empirical Study on Awqaf Endowers’ Perception: Imperatives for Awqaf Institutions’ Success Awqaf捐赠人认知的实证研究:Awqaf机构成功的要素

The Journal of Muamalat and Islamic Finance Research Pub Date : 2018-12-01 DOI: 10.33102/JMIFR.V15I2.178

F. Johari, N. Ahmad, M. Alias, S. A. Shukor, K. A. Wahab, M. Aziz, Nor Masitah Mohd Orip, Fauzi Abu Hussin, Patmawati Ibrahim

{"title":"An Empirical Study on Awqaf Endowers’ Perception: Imperatives for Awqaf Institutions’ Success","authors":"F. Johari, N. Ahmad, M. Alias, S. A. Shukor, K. A. Wahab, M. Aziz, Nor Masitah Mohd Orip, Fauzi Abu Hussin, Patmawati Ibrahim","doi":"10.33102/JMIFR.V15I2.178","DOIUrl":"https://doi.org/10.33102/JMIFR.V15I2.178","url":null,"abstract":"The success of awqaf institutions are determined by many factors, among others is good feedback from the endowers either from their contribution or repeat endowing. This study investigates the perception of endowers to endow and factors motivating them to repeat endowing in ensuring waqf institution success among 366 respondents in 2014. The study employs two models of multiple linear regression analysis. The first model examines the determinant factors influencing the intention to endow whereas the second model investigates internal and external factors influencing the intention to repeated waqf endowment in future. The findings show integrity of waqf institution, religious obligation and access to cash waqf have significant contribution to the endower’s perception to endow cash waqf. Meanwhile, repeated cash waqf behavior will take place if endowers are familiar with waqf institutions and have easy access to cash waqf as these two variables are significantly related to dependent variable. Thus, in order to motivate endowers to repeat cash waqf behavior, continuous promotion to create familiarity together with easy access to cash waqf are vital to encourage repeated charitable behavior.","PeriodicalId":350106,"journal":{"name":"The Journal of Muamalat and Islamic Finance Research","volume":"85 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"124613249","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: 5

The Impact of Shariah Governance and Corporate Governance on the Risk Management Practices: Evidence from Local and Foreign Islamic Banks in Malaysia 伊斯兰教治理和公司治理对风险管理实践的影响:来自马来西亚本地和外国伊斯兰银行的证据

The Journal of Muamalat and Islamic Finance Research Pub Date : 2018-12-01 DOI: 10.33102/JMIFR.V15I2.174

S. Embi, Zurina Shafii

{"title":"The Impact of Shariah Governance and Corporate Governance on the Risk Management Practices: Evidence from Local and Foreign Islamic Banks in Malaysia","authors":"S. Embi, Zurina Shafii","doi":"10.33102/JMIFR.V15I2.174","DOIUrl":"https://doi.org/10.33102/JMIFR.V15I2.174","url":null,"abstract":"The purpose of this study is to examine the impact of Shariah governance and corporate governance (CG) on the risk management practices (RMPs) of local Islamic banks and foreign Islamic banks operating in Malaysia. The Shariah governance comprises the Shariah review (SR) and Shariah audit (SA) variables. The study also evaluates the level of RMPs, CG, SR, and SA between these two type of banks. With the aid of SPSS version 20, the items for RMPs, CG, SR, and SA were subjected to principal component analysis (PCA). From the PCA, one component or factor was extracted each for the CG, SR, and RMPs while another two factors were extracted for the SA. Primary data was collected using a self-administered survey questionnaire. The questionnaire covers four aspects ; CG, SR, SA, and RMPs. The data received from the 300 usable questionnaires were subjected to correlation and regression analyses as well as an independent t-test. The result of correlation analysis shows that all the four variables have large positive correlations with each other indicating a strong and significant relationship between them. From the regression analysis undertaken, CG, SR, and SA together explained 52.3 percent of the RMPs and CG emerged as the most influential variable that impacts the RMPs. The independent t-test carried out shows that there were significant differences in the CG and SA between the local and foreign Islamic banks. However, there were no significant differences between the two types of the bank in relation to SR and RMPs. The study has contributed to the body of knowledge and is beneficial to academicians, industry players, regulators, and other stakeholders.","PeriodicalId":350106,"journal":{"name":"The Journal of Muamalat and Islamic Finance Research","volume":"11 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"132167951","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: 9

Financial Inclusiveness in Islamic Banking in Pakistan: A Comparison of Ideas and Practices 巴基斯坦伊斯兰银行的金融包容性:理念与实践的比较

The Journal of Muamalat and Islamic Finance Research Pub Date : 2018-06-01 DOI: 10.33102/JMIFR.V15I1.100

Salman Ahmed Shaikh

{"title":"Financial Inclusiveness in Islamic Banking in Pakistan: A Comparison of Ideas and Practices","authors":"Salman Ahmed Shaikh","doi":"10.33102/JMIFR.V15I1.100","DOIUrl":"https://doi.org/10.33102/JMIFR.V15I1.100","url":null,"abstract":"This study attempts to document the progress in Islamic banking industry of Pakistan towards fostering an egalitarian and equitable financial intermediation. It\u0000evaluates the progress of Islamic banking in enhancing socio-economic mobility, financial inclusiveness and fostering equitable distribution of income. This study uses a set of quantitative indicators to objectively assess the performance of Islamic banks towards fostering a participative, inclusive, cost-effective and real sector oriented financial intermediation. The results highlight that currently, the performance of Islamic banks on these fronts leaves much to be desired. This study highlights that high average cost of financing and limited focus on agriculture and small and medium enterprises requires improvement to achieve the goal of circulation of wealth and equitable distribution of income. It also identifies that various categories of poor people who need finance for their health, education and small business working capital needs cannot be served by Islamic banks by using the available product structures. This study gives a geographical presence of Islamic banks which shows that they are mainly based in big urban cities. It argues that most of the Islamic banking debt-based products are close, but relatively expensive substitutes. The study will help the industry to review its performance in contributing towards financial inclusiveness, social mobility, need fulfillment and equitable income distribution.","PeriodicalId":350106,"journal":{"name":"The Journal of Muamalat and Islamic Finance Research","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2018-06-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"133070717","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: 4