Turkish Journal of Islamic Economics-TUJISE最新文献_第3页

Pandemic Crisis: Malaysian Takāful Market 流行病危机:马来西亚Takāful市场

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-06-15 DOI: 10.26414/a2378

Nur Farhah Mahadi, Azman Ismail

{"title":"Pandemic Crisis: Malaysian Takāful Market","authors":"Nur Farhah Mahadi, Azman Ismail","doi":"10.26414/a2378","DOIUrl":"https://doi.org/10.26414/a2378","url":null,"abstract":"With the progressive number of COVID-19 cases, this pandemic has adversely impacted the Takāful market in different forms containing liquidity impact, financial market volatility and solvency capital. This study describes the Malaysian takāful and insurance market throughout the COVID-19 crisis as well as its response to alleviate the burden faced by policyholders/ certificate holders of life insurance and family takāful plans from the economic and Sharīʽah point of views. Qualitative approach is applied in this study to collect information, documents and data accordingly concerning to the topic discussed. The data will be explored using qualitative content, narrative, and discourse analysis to deliver its results and discussion. By understanding the precarious scenario of the Malaysian takāful and insurance market during the COVID-19 pandemic, we can further enhance the support to the regulator who has taken the initiative to direct the insurance and takāful industry to initiate adequate response to facilitate policyholders/ certificate holders during the outbreaks and decide what the best way forward would be as aligned with Maqāṣid al-Sharīʽah. This will ensure its positive impact in the Takāful market, not only to nurture sustainability in our ecosystem, stabilize the socio-economic but to safeguard policyholders/certificate holders accordingly so they could withstand pre, present and post pernicious outbreaks and pandemics. This study inspires Takāful practitioners, policyholders/ certificate holders, academicians, and the society to recognise the importance of takaful industry and it’s preventive measures to avoid takāful loss in this swift spread of COVID-19 comprising catastrophic reserves by takāful operators to mitigate adverse catastrophic risks to human life, and building a more humanising takāful which is in tandem with Maqāṣid al-Sharīʽah that attracts more potential policyholders/ certificate holders.","PeriodicalId":53787,"journal":{"name":"Turkish Journal of Islamic Economics-TUJISE","volume":"85 1","pages":""},"PeriodicalIF":0.3,"publicationDate":"2021-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"79119980","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

Participatory Banking (PB) Taking Measures Against Covid-19 in Turkey: Issues and Proposed Strategies 参与式银行(PB)在土耳其采取措施应对Covid-19:问题和建议策略

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-06-15 DOI: 10.26414/a2379

R. Hassan, Z. Zulfahmi

{"title":"Participatory Banking (PB) Taking Measures Against Covid-19 in Turkey: Issues and Proposed Strategies","authors":"R. Hassan, Z. Zulfahmi","doi":"10.26414/a2379","DOIUrl":"https://doi.org/10.26414/a2379","url":null,"abstract":"Not much research has been carried out to examine Participatory Bank (PB) in Turkey. This is despite the fact that Turkey has a long history in Islamic civilisation. The legacy of strong Islamic law, the majority Muslim population, and the strategic location of the country have failed to serve as a catalyst to boost the market share of participatory banking in the country. The present study aims to explore problems, solutions, and strategies for developing PBs in Turkey. This research also captures the condition of PBs in facing the Covid-19 pandemic. The study adopts a qualitative method that uses library research benefitting from various sources of literature, namely books, journals, and other sources. Semi-structured interviews were conducted with experts including practitioners, regulators, and academicians who have direct involvement in PB. The findings are presented in the form of Strength-Weakness-Opportunity-Threat (SWOT) of PBs in Turkey. Interestingly, the preliminary finding shows that the problems of PBs in Turkey stem from both internal and external factors. Lack of understanding and skills, and lack of good Sharjah governance practices are the main internal factors. Lack of regulatory support, lack of public literacy, lack of academic research and educational institutions, and a regulatory system are the primary external factors. The study suggests two main solutions, namely internal and external solutions, as well as strategies to address the problems. This study could serve as a reference point for the regulator in formulating appropriate policy strategies to increase the market share of PB in Turkey.","PeriodicalId":53787,"journal":{"name":"Turkish Journal of Islamic Economics-TUJISE","volume":"26 1","pages":"445-467"},"PeriodicalIF":0.3,"publicationDate":"2021-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"73798136","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 Banks in Tackling Financial Exclusion in North-East Nigeria 伊斯兰银行在解决尼日利亚东北部金融排斥问题中的作用

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-02-15 DOI: 10.26414/A102

Tijjani Muhammad, Zanna Khalil

引用次数: 3

Economics and Capitalism in the Ottoman Empire 奥斯曼帝国的经济与资本主义

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-02-15 DOI: 10.26414/BR205

Muhlis Selman Saglam

引用次数: 0

A Critical Analysis of Cryptocurrencies from an Islamic Jurisprudence Perspective 从伊斯兰法学的角度对加密货币进行批判性分析

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-02-15 DOI: 10.26414/A130

Mervan Selçuk, Süleyman Kaya

{"title":"A Critical Analysis of Cryptocurrencies from an Islamic Jurisprudence Perspective","authors":"Mervan Selçuk, Süleyman Kaya","doi":"10.26414/A130","DOIUrl":"https://doi.org/10.26414/A130","url":null,"abstract":"Money has changed its form many times throughout history and has begun to turn into digital form as an alternative to the current situation. The newest type of money form is a cryptocurrency which has been developed independently of any central authority. The usage areas of cryptocurrencies are increasing day by day. Bitcoin is one of the most accepted cryptocurrencies in the world, which was issued in 2009, dominated the cryptocurrency market and attracted the attention of large masses with its rapid rise in value. Cryptocurrency market size exceeded $800 billion in early 2018. Most of the cryptocurrency users want to get a share from value increases of cryptocurrencies. However, these behaviours are not in line with the philosophy of cryptocurrencies. Cryptocurrencies also cause problems of legitimacy for Muslim users in termsof Islamic Jurisprudence (Fiqh). Although many religious institutions and Islamic scholars say that cryptocurrencies are haram, several Islamic scholars consider that they are halal. In our study, the legitimacy of cryptocurrencies in terms of Fiqh is analysed multidimensional employing the existing literature and fatwas. Furthermore, we attempt to determine the features of Islamic cryptocurrency.","PeriodicalId":53787,"journal":{"name":"Turkish Journal of Islamic Economics-TUJISE","volume":"41 1","pages":"137-152"},"PeriodicalIF":0.3,"publicationDate":"2021-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78706189","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

Customers’ Perceptions toward Islamic Banking in the Gulf Region 海湾地区客户对伊斯兰银行的看法

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-02-15 DOI: 10.26414/A105

A. Khursheed, Maham Fatima, Faisal Mustafa

{"title":"Customers’ Perceptions toward Islamic Banking in the Gulf Region","authors":"A. Khursheed, Maham Fatima, Faisal Mustafa","doi":"10.26414/A105","DOIUrl":"https://doi.org/10.26414/A105","url":null,"abstract":"In the past decade, Islamic banking (IB) has seen incredible growth. The purpose of this study is to determine the factors affecting perceptions of customers to adopt Islamic banking and finance. The primary data is collected through a questionnaire survey, conducted amongst university students and bank employees from three Gulf Cooperation Council (GCC) countries (UAE, Kuwait, and Saudi Arabia). This study applies a regression model by analyzing understanding (U), awareness (A), religious inspiration (RI), customer innovativeness (CI), and perceived risk (PR) as independent variables and customer perception (CP) as a dependent variable. The results indicate inclusively that perceptions of customers are optimistic regarding Islamic banking and finance. The findings reveal that all independent constructs significantly influence the perceptions of customers about Islamic financing. Resultantly, the research outputs have significant implications for Islamic regulatory bodies. The foremost implication of this research is to promote academic linkages with the banking sector, i.e. to conduct research studies related to customers’ perceptions about Islamic banking in other GCC countries. This research contributes to enhancing the theoretical perspective of customers’ perception to consider Islamic banking services and gives practical suggestions to help marketers of Islamic banks to maximize outreach. Moreover, the results can serve as a directive factor for future studies.","PeriodicalId":53787,"journal":{"name":"Turkish Journal of Islamic Economics-TUJISE","volume":"9 1","pages":"111-135"},"PeriodicalIF":0.3,"publicationDate":"2021-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"78952289","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

GDP: A Brief but Affectionate History GDP:一段简短而深情的历史

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-02-15 DOI: 10.26414/br196

Todd G. Buchholz

引用次数: 29

Financial Performance in Islamic Banking and Shari’ah Supervision under Interventionist Regulatory Approach: A System-GMM Dynamic Panel Analysis 干预主义监管下的伊斯兰银行财务绩效与伊斯兰教法监管:系统- gmm动态面板分析

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-02-15 DOI: 10.26414/A095

Naji Mansour Nomran, Razali Haron

{"title":"Financial Performance in Islamic Banking and Shari’ah Supervision under Interventionist Regulatory Approach: A System-GMM Dynamic Panel Analysis","authors":"Naji Mansour Nomran, Razali Haron","doi":"10.26414/A095","DOIUrl":"https://doi.org/10.26414/A095","url":null,"abstract":"The relationship between Shari’ah supervision and Islamic banks’ (IBs) performance is still ambiguous particularly for banks across countries that have different regulatory environments. Pakistan adopts an interventionist regulatory approach which is exclusive to Shari’ah governance (SG) system in Pakistan. This approach differs from the other adopted approaches in countries that have either high or low degree of regulatory interference. Thus, this study examines how Shari’ah supervision mechanism, as represented by the Shari’ah supervisory board, and its characteristics, can influence the performance of IBs in Pakistan. The sample comprises 67 Islamic bank-year observations for the period from 2007 to 2015. The performance-governance relationship is estimated using a range of econometric techniques including the dynamic system-GMM estimator. The results reveal modest support for a positive association between Shari’ah supervision and performance. The study concludes that SG practices in the Pakistani IBs still suffer from some drawbacks which require more improvements by the respective regulators. Most of these drawbacks are related to the SG regulatory frameworks which are related to the SSBs’ roles and characteristics.","PeriodicalId":53787,"journal":{"name":"Turkish Journal of Islamic Economics-TUJISE","volume":"45 17 1","pages":"59-86"},"PeriodicalIF":0.3,"publicationDate":"2021-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87624101","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: 7

A Review Paper on Governance for Takaful Operators (Islamic Insurance Companies) 回教保险营办商(伊斯兰保险公司)的管治检讨文件

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-02-15 DOI: 10.26414/A094

Amirul Afif Muhamat

{"title":"A Review Paper on Governance for Takaful Operators (Islamic Insurance Companies)","authors":"Amirul Afif Muhamat","doi":"10.26414/A094","DOIUrl":"https://doi.org/10.26414/A094","url":null,"abstract":"The article reviews past literature on the governance aspect of takaful operators. This aspect has been given limited attention in literature on Islamic finance compared to other components such as Islamic banking and Islamic capital market. Therefore, major articles concerning governance issues of takaful operators are discussed and special consideration has been given to the UK Stewardship Code and the Malaysian Rating Corporation (MARC) guidelines for Islamic financial institutions. Interestingly, this article suggests that the Malaysian Rating Corporation (MARC) guidelines for Islamic financial institutions and the UK Stewardship Code should be used as references in order to develop dedicated stewardship guideline for Islamic financial institutions like takaful operators. The stewardship theory is compatible with the Islamic notion of al-falah. Therefore, by having specific stewardship guidelines for the takaful operators it can further encourage policyholders’ engagement with the takaful operators’ management. Last but not least, this article contributes to discussion in this area especially on the possibility of having a set of stewardship guidelines for the Islamic financial institutions (IFIs)such as takaful operators.","PeriodicalId":53787,"journal":{"name":"Turkish Journal of Islamic Economics-TUJISE","volume":"27 1","pages":"35-58"},"PeriodicalIF":0.3,"publicationDate":"2021-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"81337191","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

Investigating the Factors Affecting Foreign Direct Investment in Selected Muslim Countries: A Panel Data Approach 特定穆斯林国家外商直接投资影响因素调查:面板数据方法

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-02-15 DOI: 10.26414/A132

Saeid Mahmoudi, Nasser Nasiri, Saeid Hajihassaniasl

引用次数: 1