Turkish Journal of Islamic Economics-TUJISE最新文献

Muslims and Non-Muslims’ Satisfaction of the Islamic Insurance in Malaysia: Application of the Extended Customer Satisfaction Analysis 马来西亚穆斯林与非穆斯林对伊斯兰保险的满意度:扩展顾客满意度分析的应用

IF 0.3

Turkish Journal of Islamic Economics-TUJISE Pub Date : 2022-02-15 DOI: 10.26414/a189

Yukichika Kawata, S. Salman

{"title":"Muslims and Non-Muslims’ Satisfaction of the Islamic Insurance in Malaysia: Application of the Extended Customer Satisfaction Analysis","authors":"Yukichika Kawata, S. Salman","doi":"10.26414/a189","DOIUrl":"https://doi.org/10.26414/a189","url":null,"abstract":"Islamic insurance has a more value-added substance than conventional insurance, and it is the ultimate solution for anyone seeking financial protection for their potential misfortune. However, the penetration ratio has been low even in Muslim majority countries, including Malaysia. While some existing studies examined the factors that contribute to improving the penetration rate, almost no studies examined satisfaction as the primary target. This study conducted a questionnaire for both Muslims and non-Muslims in Malaysia to investigate the factors that determine the satisfaction of the conventional and Islamic insurances. The Snowball sampling method was used, and 396 responses were obtained from Muslim and non-Muslim insurance policyholders in Selangor and Kuala Lumpur. The extended version of the Customer Satisfaction (CS) analysis was developed and applied to the Malaysian insurance policyholders’ data. There are three main results in this study. First, the factors that determine both Muslims’ and non-Muslims’ satisfaction with insurance were different. Second, while non-Muslims in Malaysia were satisfied with both the conventional and Islamic insurances, Muslims were more confident with the Islamic insurance than conventional ones. Furthermore, the current Islamic insurance would be accepted with higher satisfaction by non-Muslims than Muslims. Third, the extended CS analysis successfully detected factors that determined satisfaction for both the conventional and Islamic insurances, suggesting the extended CS analysis was effective.","PeriodicalId":53787,"journal":{"name":"Turkish Journal of Islamic Economics-TUJISE","volume":"281 1","pages":""},"PeriodicalIF":0.3,"publicationDate":"2022-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"84916210","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

Conformity of Islamic Banks with AAOIFI Standards for General Presentation and Disclosure in Turkey and Bahrain 土耳其和巴林伊斯兰银行与AAOIFI一般列报和披露标准的一致性

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2022-02-15 DOI: 10.26414/a291

Yusuf Avsar, Ozan Ozdemir

{"title":"Conformity of Islamic Banks with AAOIFI Standards for General Presentation and Disclosure in Turkey and Bahrain","authors":"Yusuf Avsar, Ozan Ozdemir","doi":"10.26414/a291","DOIUrl":"https://doi.org/10.26414/a291","url":null,"abstract":"Islamic (participation) banks in Turkey are required to apply international accounting standards in their accounting and reporting practices, while their counterparts in Bahrain apply the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) standards. The main objective of this paper is to reveal the relation between Islamic and international accounting standards, discussed in previous studies, by comparing the compliance to AAOIFI accounting standards by Islamic banks in both Turkey and Bahrain. The source of information in this study is secondary data provided in the annual reports of the Islamic banks in Turkey and Bahrain for the year 2017. In order to measure compliance, an unweighted disclosure index was used. The outcomes of this study show that, since AAOIFI accounting standards are compulsory in Bahrain, the level of compliance with AAOIFI standards in relation to general presentation and disclosure in the financial statements of Islamic banks in Turkey is lower than the compliance achieved by their counterparts in Bahrain. Due to the average compliance level achieved by Islamic banks (using the unweighted disclosure index) in Turkey (54.6%), and since all banks in Turkey apply international financial reporting standards and international accounting standards, it is found that there is a relation between AAOIFI and International Accounting Standards Board standards even though they are different. Surprisingly, in the case of Bahrain’s Islamic banks, the standard deviation of the total compliance score is 8.66, which indicates an important difference among the Islamic banks in Bahrain in this regard. It is also found that the current practices of participation banks in Turkey do not adequately meet the financial statements and disclosure standards in accordance with the AAOIFI.","PeriodicalId":53787,"journal":{"name":"Turkish Journal of Islamic Economics-TUJISE","volume":"29 1","pages":""},"PeriodicalIF":0.3,"publicationDate":"2022-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81764368","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 Role of Agent in Islamic Financing: A Critique 代理人在伊斯兰融资中的作用:一种批判

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2022-02-15 DOI: 10.26414/a2632

B. A. Shah

{"title":"The Role of Agent in Islamic Financing: A Critique","authors":"B. A. Shah","doi":"10.26414/a2632","DOIUrl":"https://doi.org/10.26414/a2632","url":null,"abstract":"This study explores the role of agent in the Islamic modes of financing in order to identify ambiguities/issues related with the role of agent in Murabaha, Salam, Istisna and Tijara. The research further discovers the view of the Shari’ah experts with respect to such ambiguities so that they can either be verified as Shari’ah issues or non- Shari’ah issues. The role of agent was examined using content analysis of the model documents used by Islamic banks followed by soliciting the views of the Shari’ah specialists through interviews. No Shari’ah issue was found in hiring the customer as agent by the bank in any Islamic modes or binding the agent to act as an “undisclosed agent”. Conversely, the supplier’s risk, was declared to be the obligation of the bank and transferring this risk to the agent was observed as a real issue from Shari’ah point of view in the practice of Murabaha. Similarly, the principal is not allowed to charge any penalty to the agent if he is working without negligence and in good faith. Shifting charges like transportation, storage, etc., to the agent is not correct. However, no Shari’ah issue was found in binding the agent to provide collateral/security, etc., to the bank. Nevertheless, no consensus was observed on binding the agent to provide corporate guarantee. This research appears to be a preliminary but important attempt of its nature examining the critical role of agent in Islamic modes of financing adding value to the body of knowledge in Islamic banking.","PeriodicalId":53787,"journal":{"name":"Turkish Journal of Islamic Economics-TUJISE","volume":"29 1","pages":""},"PeriodicalIF":0.3,"publicationDate":"2022-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80792059","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 Ottoman Economy (1870-1913): Preliminary Second-Generation Estimates 奥斯曼经济(1870-1913):第二代初步估计

IF 0.3

Turkish Journal of Islamic Economics-TUJISE Pub Date : 2022-02-15 DOI: 10.26414/a485

M. Bulut, Bora Altay

{"title":"The Ottoman Economy (1870-1913): Preliminary Second-Generation Estimates","authors":"M. Bulut, Bora Altay","doi":"10.26414/a485","DOIUrl":"https://doi.org/10.26414/a485","url":null,"abstract":"The purpose of this study is to present a new estimate on the GDP and per capita GDP levels of the Ottoman Empire between 1870 and 1913. Since the earlier estimates employ different methods, this study re-combines data series using reliable secondary sources while attempting to incorporate the distribution margins, includes industrial production excluded from the industrial census, and correcting missing information in certain agricultural productions. The inclusion of “Distribution Margins” (DMs) that adjust from producer to market prices reflects the price difference which entails diverse GDP and per capita GDP levels. The DMs are crucial, especially to incorporating costs of distributing industrial and agricultural products between the center and periphery. This research concludes that GDP and per capita GDP levels were higher than those made by earlier estimates. The method and findings of this study make contributions to the recent discussions on the economic performance of the Ottoman Empire, particularly for the period preceding the First World War. This study also suggests new research areas to further improve future studies on GDP and per capita GDP levels of the Ottoman Empire.","PeriodicalId":53787,"journal":{"name":"Turkish Journal of Islamic Economics-TUJISE","volume":"42 1","pages":""},"PeriodicalIF":0.3,"publicationDate":"2022-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78027642","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: 3

Looking at the ‘Big Picture’ in Islamic Economics and Finance Literature: A Bibliometric Analysis of WoS Indexed Documents 伊斯兰经济学和金融文献中的“大图景”:WoS索引文献的文献计量学分析

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2022-02-15 DOI: 10.26414/a481

Ali Can Yenice, Mucahit Ozdemir, Abdussamed Koc

{"title":"Looking at the ‘Big Picture’ in Islamic Economics and Finance Literature: A Bibliometric Analysis of WoS Indexed Documents","authors":"Ali Can Yenice, Mucahit Ozdemir, Abdussamed Koc","doi":"10.26414/a481","DOIUrl":"https://doi.org/10.26414/a481","url":null,"abstract":"This study aimed to indicate the general trend of Islamic economics and finance (IEF) studies through bibliometric analysis. Therefore, the Web of Science (WoS), which is one of the most respected databases, for the period 1975-2019 with a total of 1,120 documents is examined. The documents were classified, analyzed, and visualized through VOS-viewer software, and the main trends in terms of countries, organizations, authors, and publishers were indicated. This study revealed the trends of IEF literature by reviewing thirty articles with the most co-citations and creating a keyword map. The findings showing the current state and trends of the IEF discipline are quite remarkable. It has been found that Malaysia ranks first among countries and institutions in terms of the number of publications. While Abbas Mirakhor was the author with the most publications, the International Journal of Islamic and Middle Eastern Finance and Management was the most publishing institution. Besides, in keyword network analysis, it is seen that the institutions and subjects of Islamic finance are dominant in Islamic economics and finance studies. These findings bringing the “Is the IEF discipline financialized?” debate back to the agenda is expected to inspire many new study topics.","PeriodicalId":53787,"journal":{"name":"Turkish Journal of Islamic Economics-TUJISE","volume":"11 1","pages":""},"PeriodicalIF":0.3,"publicationDate":"2022-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82395069","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

Fundamentals of Economics and Islamic Economy 经济学和伊斯兰经济基础

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-08-15 DOI: 10.26414/br3125

Güldenur Çetin

引用次数: 0

Economic Thinking of Arab Muslim Writers During the Nineteenth Century 十九世纪阿拉伯穆斯林作家的经济思想

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-08-15 DOI: 10.26414/br3132

Memduh Erdogan

引用次数: 0

The Impact of Shariah Board on the Performance of Islamic Banks and the Relevance of Shariah Committee (BNM) New Ruling on the Restructuring of Islamic Financing Facility during the Pandemic Crisis 伊斯兰教法委员会对伊斯兰银行业绩的影响以及伊斯兰教法委员会关于大流行病危机期间伊斯兰融资机制重组的新裁决的相关性

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-06-15 DOI: 10.26414/A2396

Razali Haron, Nur Ermiedza Binti Radzali, Naji Mansour Nomran

引用次数: 1

Determinants of Financial Sustainability for Microfinance Institutions: Lessons for Islamic Microfinance Banks in Nigeria 小额信贷机构财务可持续性的决定因素:尼日利亚伊斯兰小额信贷银行的经验教训

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-06-15 DOI: 10.26414/a2369

A. Abdullahi, Anwar Hasan Abdullah Othman

{"title":"Determinants of Financial Sustainability for Microfinance Institutions: Lessons for Islamic Microfinance Banks in Nigeria","authors":"A. Abdullahi, Anwar Hasan Abdullah Othman","doi":"10.26414/a2369","DOIUrl":"https://doi.org/10.26414/a2369","url":null,"abstract":"Islamic microfinance institutions play a major role in the provision of financial services to the poor and underprivileged through non-interest, equity-based products and services. \u0000To achieve these critical objectives, however, they need to be financially sustainable, which is threatened by the current economic and financial crisis caused by the Covid-19 pandemic. The objective of this paper is to review the determinants of financial sustainability of microfinance \u0000institutions with a view to drawing lessons for Islamic microfinance banks in Nigeria. The paper utilized the literature review methodology to synthesize research findings in the area. The review revealed that the major determinants of financial sustainability of microfinance institutions are \u0000the capital structure, asset size, and financial innovation. Others are good risk management and corporate governance frameworks. The paper thus recommended that Islamic microfinance institutions in Nigeria should maintain a robust capital structure that relies more on equity, a lean but diversified Board, and utilize more technology-based services. Most importantly, they should emphasize profit and loss sharing principles in their operations.","PeriodicalId":53787,"journal":{"name":"Turkish Journal of Islamic Economics-TUJISE","volume":"55 1","pages":"301-320"},"PeriodicalIF":0.3,"publicationDate":"2021-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80940607","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

Social Synergy Sukuk (Double-S Sukuk): A Solution for Pandemic Crisis 社会协同伊斯兰债券(双s伊斯兰债券):流行病危机的解决方案

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-06-15 DOI: 10.26414/a2372

Sani Suleiman Dalhatu, Ashurov Sharofiddin

{"title":"Social Synergy Sukuk (Double-S Sukuk): A Solution for Pandemic Crisis","authors":"Sani Suleiman Dalhatu, Ashurov Sharofiddin","doi":"10.26414/a2372","DOIUrl":"https://doi.org/10.26414/a2372","url":null,"abstract":"The COVID-19 pandemic crisis is projected to plunge over half a billion people (580 million) globally into extreme poverty. This exploratory paper proposes an innovative Social Synergy sukuk (Double-S sukuk) for alleviating the alarming upsurge in extreme poverty triggered by the pandemic in the face of limited resources. The Double-S sukuk is designed with Multilateral Development Banks (MDBs);such as Islamic Development Bank subscribing to the sukuk at a discounted profit rate, issued by a country facing the pains of the pandemic. The profit will be paid by a charitable Non-Governmental Organization;such as Bill & Melinda Gates Foundation as an incentive to the crises country contingent upon judicious utilization of the funds for the pre-agreed social targets achieved within timely milestones that trickle down to uplift the citizens from the pandemic pains of extreme poverty. The country will only pay the principal component. Furthermore, a suitable MDB;such as Multilateral Investment Guarantee Agency (MIGA) will issue a charitable guarantee to enhance the sukuk rating and cut issuance costs. This enhancement makes the sukuk an attractive BASEL III High-quality-liquid-asset (HQLA). Instead of begging the public for charity, the Double-S sukuk will be open to the public to invest alongside MDBs for a discounted profit rate to crowd-in the social/ethical conscious private sector to raise cheaper and larger funds for an apt synergistic crisis alleviation. The methodology used in this study is qualitative based on content analysis of relevant academic journals, industry reports and policy documents.","PeriodicalId":53787,"journal":{"name":"Turkish Journal of Islamic Economics-TUJISE","volume":"2 11 1","pages":"469-480"},"PeriodicalIF":0.3,"publicationDate":"2021-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"86482996","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