Conferences

This study examines the use of

Different institutions are engaged in the development efforts in Indonesia by appealing to different sectors of socio-economic life. Among such institutions, BMT (Baitul Maal wa Tamweel) and BPRS (Shari’ah People Credit Bank) can be mentioned as the main players of shari’ah microfinance institution in Indonesia. However, those two institutions are different in nature; while BMT is a shari’ah cooperative with limited support, regulation and monitoring; BPRS is a bank with sufficient support, regulation and monitoring from the Central Bank.

This paper studies the international transmission of bank liquidity shocks from multinational Islamic bank-holding companies to their subsidiaries. Based on a total sample of 120 Islamic and conventional bank subsidiaries, we test whether foreign bank lending is determined by different factors for Islamic and conventional banks. We estimate a model that includes subsidiary and parent bank characteristics as well as host and home country variables. Our empirical findings show that conventional parent bank fragility negatively affects lending by their subsidiaries.

The model of general system is a process-orientation of learning dynamics in and across complexly interrelated orders. Within such a general system model is found the specific field of unified, that is organic and endogenously circularly inter-related embedding between economy, finance, and the business world-systems. Business social ethics or socio-business ethicality is a problem of epistemological genre. It glues the circularly inter-related sub-systems and their representative behavioral preferences and variables in an explanatory way.

This study assesses the effectiveness of

The Holy Qur’an describes the non–Muslim’s choice of heresy over guidance with a use of the terms (shirâa or bay) and as a financial concept. It is notable that worldly words (economic terms) are used for many times to explain belief related matters in the Holy Book. Everything that Allah has created, (your) souls and wealth, are in His sovereignty. Since it is impossible to think that Allah owns them by procurement, believers are encouraged to work in the way of Allah and as ordered in His Ayah; “Thee do we worship, and Thine aid we seek” (Al-Fatihah, 3).

This study uses micro-econometric analysis to examine the impact of Islamic debt on firm value and firm financial performance by observing Malaysian firms. A number of significant contributions to corporate finance arise from this research in relation to Islamic debt instruments and firm financial performance. First, it provides evidence of the Islamic debt impact on firm value and firm financial performance. Second, and very importantly it provides new insights, adding substantially to the very few studies that have been conducted on these types of instruments.

Corporate social activities have become major subjects because of their effects on the quality of life of citizens, in particular, and on society at large. Currently, there is an increased awareness of social responsibility due to the challenges faced by financial institutions (particularly Islamic banking) globally. This paper examines the influence of characteristics of the board of directors, that is, board size, board composition, and the separation of the roles of chief executive officer (CEO) and chairman, on corporate social responsibility (CSR) disclosure.

Mainstream economics postulates the concept of scarcity as the defining concept in economics while heterodox economics denies the proposition of scarcity. In contrast, there is no clear stand among Islamic economists towards the concept of scarcity. This paper explores concept of scarcity ideologically and examines empirically the effect of scarcity thinking on human wants. The concept of scarcity is one of the unresolved issues in Islamic economics.

The impressive development of Islamic finance in the last three decades does not only attract wide attention from the people of the world, at the same time, it also pinned a hope that Islamic finance could offer a solid alternative and solution to the world crisis and the uncertain proposals for solving it. A coherent perspective for understanding real economic and financial problems as well as a viable alternative to the good financial practices to actualise human prosperity is avidly awaited.