Turkish Journal of Islamic Economics-TUJISE最新文献_第4页

Do Islamic Banks Perform Better than Conventional Banks? 伊斯兰银行比传统银行表现更好吗?

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-02-15 DOI: 10.26414/A082

Asif Ali, Malik Fahim Bashir, M. A. Afridi

{"title":"Do Islamic Banks Perform Better than Conventional Banks?","authors":"Asif Ali, Malik Fahim Bashir, M. A. Afridi","doi":"10.26414/A082","DOIUrl":"https://doi.org/10.26414/A082","url":null,"abstract":"This study aims to compare the performance of Islamic and conventional banks in Pakistan for the period 2007-2016. For the purpose, the study first employs CAMELS composite rating to find the ratios to highlight the managerial and financial performance of the banks. The study then uses logistic regression technique for the performance comparison of Islamic and Conventional banks. The composite rating results reveal that both Islamic and conventional banks fall in rank 3 and need help from regulatory authorities to improve the performance of banking sector in Pakistan. Furthermore, the logistic regression results reveal that Islamic banks perform well in asset quality, management adequacy and sensitivity to market risk whereas conventional banks are efficient in capital adequacy and liquidity. Robustness of results is achieved by performance comparison of the same size Islamic and conventional banks. This analysis is important because Pakistan’s banking sector is hybrid where both Islamic and conventional banks work in the same environment and under the same regulator. Findings of this study are not only useful for Islamic and conventional banks operating in Pakistan but would also help the policymakers in devising future policies.","PeriodicalId":53787,"journal":{"name":"Turkish Journal of Islamic Economics-TUJISE","volume":"42 1","pages":"1-17"},"PeriodicalIF":0.3,"publicationDate":"2021-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"83033978","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

Corporate Board Attributes, Shariah Board Attributes and Credit Rating: Evidence from Islamic Banks of Pakistan 公司董事会属性、伊斯兰教法董事会属性与信用评级:来自巴基斯坦伊斯兰银行的证据

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-02-15 DOI: 10.26414/A090

M. Mansoor, Nazima Ellahi, Q. Malik

{"title":"Corporate Board Attributes, Shariah Board Attributes and Credit Rating: Evidence from Islamic Banks of Pakistan","authors":"M. Mansoor, Nazima Ellahi, Q. Malik","doi":"10.26414/A090","DOIUrl":"https://doi.org/10.26414/A090","url":null,"abstract":"Shariah Governance is an essential characteristic that differentiates Islamic financial institutions from Conventional financial institutions. The study’s purpose is to explore the effect of corporate governance attributes and Shariah board attributes on the long term and short-term credit rating of Islamic banks in Pakistan. The study develops six different models based on corporate board characteristics, Shariah board attributes and credit ratings, and collected data from annual reports of Pakistani Islamic banks for the period 2013- 2019. This study used Long term credit rating scale used by Grassa (2016) and, Ashbaugh-Skaife, Collins, and LaFond (2006), and developed a Short term credit rating scale. The study applied descriptive statistics, correlations and ordered logit regression. The results confirmed that corporate governance and Shariah governance attributes are significantly associated with the long term and short-term credit ratings of Islamic banks. The study concludes that credit rating agencies in Pakistan i.e. PACRA and JC-VIS, and other international credit rating agencies including Fitch, Moody and Standard & Poor’s must consider Shariah governance attributes as key determinants while assigning long term and short term credit ratings to Islamic banks.","PeriodicalId":53787,"journal":{"name":"Turkish Journal of Islamic Economics-TUJISE","volume":"62 1","pages":"19-34"},"PeriodicalIF":0.3,"publicationDate":"2021-02-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"75297535","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

What Policy for Islamic Financial Literacy? 伊斯兰金融素养的政策是什么?

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-01-01 DOI: 10.26414/A148

Ahmed Tahiri Jouti

引用次数: 0

The Classification of Sharia Assets and Performance of Financial Portfolio 伊斯兰资产分类与金融组合绩效

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-01-01 DOI: 10.26414/A179

S. Bhutto, Saifullah Shaikh, Hussain Amar, Qamar Abbas Mangi

{"title":"The Classification of Sharia Assets and Performance of Financial Portfolio","authors":"S. Bhutto, Saifullah Shaikh, Hussain Amar, Qamar Abbas Mangi","doi":"10.26414/A179","DOIUrl":"https://doi.org/10.26414/A179","url":null,"abstract":"The paper investigates the Shariah compliant and conventional portfolios in financial settings of Pakistan during the period 2009-2019 by using Markowitz Minimum-Variance (MMV) framework. Using daily excess returns, we first investigate the impact of Shariah screening criteria on stock returns then we evaluate the overall risk of Shariah compliant and conventional portfolios. The results reveal negative impact of Shariah screening criteria on stock returns’ cross-section. Further, unconstrained portfolio investment strategy outperforms faithbased investing. Finally, the findings of the study suggest that induction guidelines employed in PSX for companies to be listed in Shariah compliant index needs to be reviewed to practically attain the objectives of Islamic moral economy such as avoiding Gharar (uncertainty) and Maysir (speculation). More importantly formulate a criterion that truly reflects Islamic principles of investing. In addition, more could also be done to educate investors about Shariah compliant stocks and enhance the projection of Shariah compliant index. Secondly, our study also indicates that investors that prefer faith based investing should be aware of the costs of faith investment in PSX. Investors can encounter additional costs while investing in Shariah compliant stocks. Moreover, these additional costs are driven high risk and low performance of faith portfolios.","PeriodicalId":53787,"journal":{"name":"Turkish Journal of Islamic Economics-TUJISE","volume":"41 12 1","pages":""},"PeriodicalIF":0.3,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"89250266","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

Monetary Policy for the Real Economic Sector in Muslim Majority Countries: A Transitional Solution 穆斯林占多数国家实体经济部门的货币政策:一种过渡性解决方案

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-01-01 DOI: 10.26414/A154

I. Rafikov

{"title":"Monetary Policy for the Real Economic Sector in Muslim Majority Countries: A Transitional Solution","authors":"I. Rafikov","doi":"10.26414/A154","DOIUrl":"https://doi.org/10.26414/A154","url":null,"abstract":"The paper examines the issue of monetary policy from an Islamic perspective and offers a transitional solution given the existing circumstances in the contemporary Muslim economies, dominated by financial institutions, fiat currencies, and fractional reserve banking. Qualitative research with a “complex systems” perspective is used to determine the state of monetary policy in several Muslim majority countries, to study the issues and challenges, as well as to point out the most problematic areas that need urgent addressing. The paper will argue that central banks are the main institutions that have the power and responsibility to maintain the country’s economic stability and the value of a local currency, as well as to affect the inflation and unemployment rates. It will be argued that in the current circumstances central banks can act within the given system to (1) encourage financing of small and medium enterprises; (2) initiate the growth of small local financial institutions, such as cooperative and savings banks; and (3) allow “monetary democracy.” The paper is therefore divided into three main parts. After the introduction, the first section will provide a historic overview of ideas on monetary policy by several influential Muslim economists over the last forty years and will offer a critique of their views. The second section will deal with the issues of money and banking from a “complex systems” perspective and demonstrate common misconceptions that lead to improper understanding amongst the general public and the academic community. And before concluding, the paper will offer intermediate solutions within the current financial system. This section will argue that central banks can use the power of the banking system to create money to finance SMEs while curbing speculation and limiting the purchase of financial assets.","PeriodicalId":53787,"journal":{"name":"Turkish Journal of Islamic Economics-TUJISE","volume":"18 1","pages":""},"PeriodicalIF":0.3,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"87574142","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

Principles of an Economic Life Based on Halal Gain in the Light of Prophet’s Teachings 根据先知的教诲，以清真收益为基础的经济生活原则

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-01-01 DOI: 10.26414/A167

Ekrem Erdem

{"title":"Principles of an Economic Life Based on Halal Gain in the Light of Prophet’s Teachings","authors":"Ekrem Erdem","doi":"10.26414/A167","DOIUrl":"https://doi.org/10.26414/A167","url":null,"abstract":"Earning through halal means is very important for a Muslim because it is not only required for his sustenance but is also an important part of his religion practice. Muslims must not escape a life based on hardwork and should not depend on charity to survive. They must instead put in effort to earn regular income since God has provided man with the means to seek providence through His resources. Thus, Muslims should not be involved in dodgy activities, but should actively participate in trade. However, trade must be conducted with honesty. It is always wise to seek the middle path in earning a living by neither neglecting worship nor being too greedy. Accumulating wealth does not make a person happy and in fact, can bring about his ruin if he neglects zakat and charity or usurps the rights of others. Unfortunately, in this age, Muslims show impassivity towards earning income using Islamic modes; whether in producing, trading, or working for oneself or on the behalf of others. Such individual weaknesses of Muslims lead to occasional and unjustified accusations on Islam. Indeed, the problem is not in Islam, but Muslims who have failed to apply its teachings to their lives- the basic motivation of this study. For this reason, this study intends to reveal and interpret the teachings of the Holy Prophet (pbuh) about halal earnings that are the guidelines for maintaining a moral economic life by making use of authentic books of hadith.","PeriodicalId":53787,"journal":{"name":"Turkish Journal of Islamic Economics-TUJISE","volume":"1 1","pages":""},"PeriodicalIF":0.3,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"82240781","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 Proposed Model for Social Impact Sukuk 伊斯兰债券的社会影响模型建议

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-01-01 DOI: 10.26414/A106

Abdessamad Raghibi, L. Oubdi

引用次数: 2

Empirical Study on Adoption of Islamic Banking System Using Quantitative Method: A Case Study of Afghanistan 采用伊斯兰银行体系的定量实证研究——以阿富汗为例

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2021-01-01 DOI: 10.26414/A169

Khatera Naseri, Ashurov Sharofiddin

{"title":"Empirical Study on Adoption of Islamic Banking System Using Quantitative Method: A Case Study of Afghanistan","authors":"Khatera Naseri, Ashurov Sharofiddin","doi":"10.26414/A169","DOIUrl":"https://doi.org/10.26414/A169","url":null,"abstract":"Although the background of the banking system goes back as far as 1933, Islamic finance is still new in Afghanistan. The history of the first full-fledged Islamic bank began as recently as 2018 with the conversion of Bakhtar Bank, a conventional bank, to the Islamic Bank of Afghanistan (IBA). There have been numerous studies done worldwide, but no empirical study has examined the subject of Islamic banking adoption in the specific context of Afghanistan. Therefore, this present study investigates the adoption of Islamic banking in Afghanistan, using a case study of Herat province, based on Rogers’ (1983) Diffusion of Innovation Theory, to determine the impact of awareness, product knowledge, religiosity, relative advantage, compatibility, and complexity on the adoption of Islamic banking. A quantitative approach to the stratified convenience sampling method was used in this study. Questionnaires were distributed to 334 bank customers and the responses analyzed using SPSS v22. The multiple regression analysis finding indicated that product knowledge, relative advantage, and religiosity significantly and positively influenced the adoption of Islamic banking. It is suggested that the government and financial institutions should support Islamic banking with beneficial policies and initiatives to enhance the knowledge of the public about the significance of Islamic banking activities.","PeriodicalId":53787,"journal":{"name":"Turkish Journal of Islamic Economics-TUJISE","volume":"3 1","pages":""},"PeriodicalIF":0.3,"publicationDate":"2021-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"80160030","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

Reconstruction of Islamic Economic Theory: From Revelation to Methodology 伊斯兰经济理论的重构:从启示到方法论

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2020-08-15 DOI: 10.26414/a071

Bayu Taufiq Possumah, A. Ismail

引用次数: 1

Why Islamic Institutions Function Best in The West 为什么伊斯兰机构在西方运作最好

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Turkish Journal of Islamic Economics-TUJISE Pub Date : 2020-08-15 DOI: 10.26414/a146

M. Çizakça

引用次数: 0