Search results

This study undertakes a comparative analysis of the regulatory framework for sharia-compliant financial technology (fintech) in Gulf Cooperation Council (GCC) nations. The purpose of this study is to identify the strengths and weaknesses of this regulatory framework as well as enhance opportunities and best practices. This study also investigates the potential impact of Islamic fintech on financial inclusion in the GCC nations.

This study uses a qualitative research methodology, including semi-structured interviews with key stakeholders in the Islamic fintech industry, such as entrepreneurs, investors, regulators and policymakers. This study recruited interview participants from the Islamic fintech industry in GCC countries, including Saudi Arabia, United Arab Emirates, Bahrain, Oman, Qatar and Kuwait.

This study’s main finding is that Islamic fintech has the potential to promote financial inclusion in GCC countries. According to this study’s findings, Islamic fintech provides a more ethical and accessible alternative to traditional banking services, particularly for individuals and businesses that are underserved or excluded from mainstream financial services.

This study has practical implications for policymakers and regulators in GCC countries, providing valuable insights for promoting the growth and development of the Islamic fintech industry while ensuring that the regulatory framework is conducive to its growth. This study contributes to the broader literature on regulatory frameworks for fintech by highlighting the need for regulatory frameworks to adapt to technological advances in the rapidly evolving fintech field.

This study derives originality and value from a comparative analysis of the regulatory framework for Islamic fintech in GCC nations and its prospective impact on financial inclusion.

The purpose of this paper is to investigate the impact of size, asset quality, asset management, financial risk, gross domestic product and inflation rate on the financial performance of companies listed on the Jakarta Islamic Index of 30 industrial firms.

Based on the selected criteria, this study analysed an unbalanced panel of data from 30 industrial companies on the Indonesian capital market that are members of the Jakarta Islamic index. Profitability is measured using the dependent variables return on assets (ROA), return on equity (ROE) and stock prices. The influence of explanatory variables of internal factors, namely, size, asset quality, asset management, financial risk, gross domestic product and inflation is investigated using pooled OLS, fixed and random effect estimation.

The empirical findings indicate that the scale of a company has a significant impact on its performance, asset quality, asset management and financial risk. GDP has a substantial impact on financial performance, particularly as measured by ROA and ROE. This study’s ramifications have substantial effects on a broad spectrum of stakeholders. The results of this study provide the general public and investors with a greater understanding of the factors that influence a company’s performance on the Jakarta Islamic Index 30.

The implication of this research is that a deeper comprehension of the factors that influence the financial performance of companies within industrial sectors that follow Islamic finance principles can help design more effective strategies and policies.

This research has significant practical implications in a number of crucial areas. First, it provides a comprehensive comprehension of the company’s financial performance in the industrial sector in accordance with Islamic finance principles. Second, the research findings provide more precise guidance on how company size, asset quality and macroeconomic variables influence the performance of Indonesia's financial market.

The study’s authenticity and value hold considerable importance. This study introduces novel perspectives on the assessment of corporate financial performance within industrial sectors through the lens of Islamic finance principles. It offers valuable insights that have not yet been extensively investigated by scholars in the field.

This review paper aims to provide a comprehensive retrospective analysis of the research landscape in the Halal industry through a threefold approach, including bibliometric analysis, latent theme identification and examination of driving factors of research citations.

A total of 2,510 research documents, identified from the Scopus through a systematic search, were considered for review. The review methods included bibliometric analysis of the domain, application of the machine learning structural topic modeling (STM) to identify latent themes and negative binomial regression to estimate the impact of paper, author and geographical characteristics on citation rates.

In addition to bibliometric insights, the STM uncovered 10 key topics within the Halal industry literature, including certification processes, dietary practices, consumer behavior, ethical considerations, supply chain management, market dynamics, Halal tourism, verification methods, regulatory frameworks and Halal food production and marketing. Positive associations with citation rates were found for abstract length, number of keywords, paper age, number of references, funding, number of authors and international collaboration, while a negative association was observed for authorship from Malaysia.

This paper, besides providing insights into research dynamics and citation patterns, also guides future research avenues in the Halal industry.