Search results

Exploring the current phenomenon of the cash waqf-linked sukuk (CWLS) program issuance that involves Islamic banks in Indonesia, this paper aims to investigate the key barriers and intentional behaviors in realizing wealthy Muslims’ contribution to the program using the intermediary function of Islamic banks. Moreover, this study provides a conceptual framework to set effective marketing strategies to encourage wealthy Muslims to become cash waqf founders and sustain their contribution.

This qualitative study used a literature review and in-depth interviews to generate insights for developing a model of wealthy Muslims’ behavior toward cash waqf programs held by Islamic banks.

The study identified low trust, literacy and transparency as the biggest barriers to cash waqf contributions, but suggests that a greater role for Islamic banks, personal engagement and innovative product offerings can help to overcome these barriers. The study also identified three new behavioral dimensions that are important for understanding wealthy Muslims’ contributions to cash waqf: personal financial planning, accountability and political issues. Based on these findings, the study proposes 10 strategies for all stakeholders to pursue in the short and medium term to promote cash waqf contributions from wealthy Muslims.

This study only involved respondents from three major cities in Indonesia: Jakarta, Bandung and Surabaya because these cities have a large number of wealthy Muslims. Future research can collect more samples from all major cities in Indonesia or other Muslim majority countries, and use other qualitative methodology such as phenomenological, ethnographic, grounded theory, case study or action research. The findings of this study can be the starting point for further research and the proposed conceptual framework requires empirical testing in the future.

The findings of this study can be a basis for policymakers and the Islamic financial industry in formulating marketing, education and socialization strategies for innovative cash waqf programs.

The findings of this study will support the acceleration of cash waqf collection for cash waqf initiatives through Islamic banks. Moreover, with a better understanding of the factors impeding and motivating the most potential Muslim groups to contribute to the innovative cash waqf program, the ultimate goal of higher national socio-economic development becomes more attainable.

To the best of the authors’ knowledge, this study is the first to investigate wealthy Muslims’ behavioral factors for contributing to innovative cash waqf held by Islamic banks, from various stakeholder perspectives. It fills a research gap in the literature on innovative cash waqf and behavior.

In the verge of assessing Muslims’ participation in stock market, present study delved into evaluating the influence of Islamic religiosity (IR) on Muslim investor’s financial engagement factors with respect to stock market (i.e. financial literacy [FL], Islamic financial literacy [IFL], behavioural factors [BF], Shariah compliance [SC], technology adoption [TA] and institutional support [IS]), stock market participation (SMP) and financial well-being (FWB). Further, this study aims to examine the mediating role of IFL, TA and SMP and moderating role of IS.

Using a mixed-methods approach, a structured survey questionnaire was administered and responses have been collected from 319 Muslim investors from South India using stratified random sampling. Further, data was analysed using SPSS 20.0 and AMOS 20.0 by implementing one-way ANOVA, measurement model and structural equation model to assess the differences, mediating and moderating roles.

In this study, it is discovered that IR significantly impacts Muslim investor’s financial engagement factors, SMP and FWB. Further, it is explored that IFL accelerates the impact of FL and SC on SMP. The results also demonstrated the intervening role of TA in enhancing SMP through BF and the mediating role of SMP among Muslim investors with strong IR to attain and enjoy FWB. Interestingly, our study also argued that when the IS is more, the effect of IR on SMP is high.

Geographical boundaries are restricted to India, where the study proposes future studies in Islamic countries to better understand the religious belief system of the investors, as SC may vary in different countries.

In accordance with the results, it is recommended that the regulatory bodies and institutions intervene, support and incorporate IFL and also provide user-friendly Tec platforms to monitor and filter stocks and financial products for SC.

The present study intends to tackle the misconception of Islamic values with respect to participating in the stock market and recommends to undertake policy and regulatory framework to ensure the inclusive development of this community.

To the best of the authors’ knowledge, no studies so far have pondered on the mediating role of SMP in enhancing the effectiveness of IR on their FWB. Further, this study collectively examines the influence of IR on various financial engagement factors affecting SMP leading to FWB.

This study aims to demonstrate the impact of Sharia-compliance (SC) on attracting various types of investment, including foreign, family, institutional, royal, government and large individual investments.

The sample comprises 168 nonfinancial companies listed in the financial markets of the Gulf Cooperation Council (GCC) countries from 2009 to 2019, totaling 1,848 observations. The researchers used the ordinary least squares panel data method, with additional tests conducted using the two-stage least squares method.

The results indicate a negative relationship between SC and both foreign and institutional investments. Conversely, there is a positive relationship between SC and both family investment and large individual investor investment. Furthermore, the study found no significant relationship between SC and both government and royal investments (RIs).

The study enhances understanding of the role of Sharia-compliant companies in attracting investment. For managers of such companies, there is a need to make their firms more appealing to diverse investor types. Current and potential investors in Sharia-compliant companies should be aware of the investor nature controlling these companies. This study is beneficial for policymakers and regulators to assess the impact of Islamic Sharia-imposed restrictions on financial decision-making in companies. Policymakers should develop and monitor indicators of companies’ adherence to SC law in the six GCC countries and should also issue rules to enhance Sharia-compliant companies’ commitment to governance and transparency.

To the best of the authors’ knowledge, this study is the first of its kind to address the impact of SC on attracting different investment types. It includes six distinct investment types, notably RI, a significant variable in GCC countries’ business environment due to the considerable wealth and influence of royal family members.

The purpose of this study is to evaluate the sustainability performance of modular construction from a life cycle perspective. So far, the sustainability performance of modular buildings has been explored from a life cycle viewpoint. There is no comprehensive study showing which material is the best choice for modular construction considering all three sustainable pillars. Therefore, a life cycle sustainability performance framework, including the three-pillar evaluation framework, was developed for different modular buildings. The materials are concrete, steel and timber constructed as a modular construction method.

Transitioning the built environment to a circular economy is vital to achieving sustainability goals. Modular construction is perceived as the future of the construction industry, and in combination with objective sustainability, it is still in the evaluation phase. A life cycle sustainability assessment, which includes life cycle assessment, life cycle cost and social life cycle assessment, has been selected to evaluate alternative materials for constructing a case study building using modular strategies. Subsequently, the multi-criteria decision-making (MCDM) method was used to compute the outranking scores for each modular component.

The calculated embodied impacts and global warming potential (GWP) showed that material production is the most critical phase (65%–88% of embodied energy and 64%–86% of GWP). The result of embodied energy and GWP shows timber as an ideal choice. Timber modular has a 21% and 11% lower GWP than concrete and steel, respectively. The timber structure also has 19% and 13% lower embodied energy than concrete and steel. However, the result of the economic analysis revealed that concrete is the most economical choice. The cost calculations indicate that concrete exhibits a lower total cost by 4% compared to timber and 11% higher than steel structures. However, the social assessment suggests that steel emerges as the optimal material when contrasted with timber and concrete. Consequently, determining the best single material for constructing modular buildings becomes challenging. To address this, the MCDM technique is used to identify the optimal choice. Through MCDM analysis, steel demonstrates the best overall performance.

This research is valuable for construction professionals as it gives a deliberate framework for modular buildings’ life cycle sustainability performance and assists with sustainable construction materials.

This paper aims to examine existing literature on halal food consumption from the perspective of consumer behaviour research. It identifies progress, current state and gaps and provides direction for future research to advance the field.

This paper reviewed papers from 2007 to 2023 using Scopus and WOS databases. The review used the Theories–Context–Characteristics–Methods (TCCM) framework and followed the scientific procedures and rationales for systematic literature reviews (SPAR-4-SLR) protocol.

The review summarises the methods, theory and approaches used in the topic and presents key findings and a proposed framework. It can guide future researchers in developing their models, making it a valuable starting point for future research. Despite the existence of SRL in halal food to the best of the authors’ knowledge, this work is the first review that proposes a model for halal food in consumer behaviour.

This review provides a twofold contribution. First, this review's theoretical contribution is advancing consumer behaviour literature on halal food. Second, this work's practical contribution is to enrich practitioners' understanding of the antecedents of consumer behaviour regarding halal food. This is the first review proposing a consumer behaviour model for Halal food. It makes a theoretical contribution to understanding consumer behaviour on Halal food and provides practical insights for practitioners.

This paper aims to review how the metaverse influences and contributes to the halal industry, particularly focusing on halal logistics (HL), halal supply chain management (HSCM) and consumer behavior.

This paper analyzed scholarly studies to investigate existing literature and current as well as future trends in the adoption of the metaverse in HL, supply chains and consumer behavior. The study explores the thematic structure of the current knowledge landscape, identifies research gaps and highlights potential directions for future research at the intersection of the metaverse, supply chain and halal behavior. The authors identified 286 papers that examined the integration of the metaverse with HL practices, supply chain management strategies and consumer behavior in alignment with Islamic principles and standards.

The results indicate a limited number of studies on the successful adoption of the metaverse in HL, HSCM and behavioral research. This paper has proposed a framework for the metaverse-supply chain and halal behavior. The framework can serve as a reference for scholars and practitioners on how to incorporate advanced technology to engage with and predict market demand. Additionally, the metaverse-supply chain framework can be used to align with halal supply chain practices based on customer needs and preferences. The metaverse integrates the virtual world, enabling halal supply chain networks to enhance virtual reality, digital experiences and business performance.

The halal industry can showcase products and services through virtual scenarios, avatars and shops. By developing a halal-compliant metaverse, the halal industry can facilitate activities such as online sales, online payments and virtual marketing, thereby enabling a digital business transformation. Embracing the metaverse can improve business efficiency and influence consumer behavior, decisions and compliance with Shariah principles.

The authors argue that this paper is at the forefront and will serve as a reference for future research. This paper is distinct from existing literature, as it focuses on metaverse adoption and its correlation with a Shariah compliance framework in logistics, supply chain and behavioral aspects. Through its findings, this framework aims to inspire further empirical research and provide guidance and solutions to foster sustainable development in the halal industry.

The rapid growth of halal tourism over the past decade has made it a lucrative market, with destinations competing for Muslim travellers. This study examines the factors influencing tourists' intention to visit halal tourism destinations in Indonesia, using the push-pull-mooring (PPM) model to understand this phenomenon.

Data were collected using a self-administered questionnaire. A total of 328 usable responses were used to analyse the data. The proposed conceptual framework was tested using covariant-based structural equation modelling (CB-SEM).

Results indicate that push, pull and mooring motives positively influence visit intention towards halal tourism destinations. Among these motives, novelty seeking, escapism, halal-friendly destination performance, halal attributes of the destination, religiosity and subjective norms were the most critical factors that improved visit intention. Furthermore, the moderating role of mooring factors was also established.

The study makes several strategic suggestions for promoting halal tourism destinations. These include highlighting the destination’s halal index factor to attract Muslim tourists and develop the industry market.

Research in halal tourism is still emerging, and this study aims to enhance our understanding of Muslim travellers. Using the PPM framework, it provides valuable insights into Muslim tourists' intentions to visit halal destinations.

This research explores the intricate relationship between fashion, identity and religion in Muslim hijabi fashion. More specifically, it examines the impact of global brands’ inclusion of Muslim veiled females in their fashion lines.

Employing a qualitative approach, the research involved 20 in-depth interviews with Muslim women who wear hijab and those who dress modestly without it. Participants were chosen through judgemental sampling, focusing on individuals interested in fashion and brand trends. The study investigated perceptions of brand strategies, the role of influencers and consumer responses within this context.

The research suggests consumers have different viewpoints about these brands that are compliant with hijabi fashion. This incorporation benefits Muslim women by enhancing their status and recognition, hence fostering the growth of the Muslim fashion industry. In Western society, it promotes a sense of belonging and individuality. Certain individuals see the exploitation of their religious affiliation for financial gain, thereby raising doubts about these companies’ comprehension of Islamic modesty. This has engendered a sense of distrust and suspicion.

This research illuminates the intricate connection between religion, fashion and market dynamics in the realm of Muslim hijabi fashion. This paper explores the multifaceted responses of Muslim women to the marketing methods used by global fashion designers, which include a delicate balance between cultural representation and commercial exploitation. The results shed light on the ways in which fashion both empowers and creates divisions among religious and cultural groups.

The novelty addressed here is undertaken by using tailor-made and fully characterized starch nanoparticles (SNPs) having a particle size ranging from 80 to 100 nm with a larger surface area, biodegradability and high reactivity as a starting substrate for cadmium ions and basic dye removal from wastewater effluent. This was done via carboxylation of SNPs with citric acid via esterification reaction using the dry preparation technique, in which a simple, energy-safe and sustainable process concerning a small amount of water, energy and toxic chemicals was used. The obtained adsorbent is designated as cross-linked esterified starch nanoparticles (CESNPs).

The batch technique was used to determine the CESNPs adsorption capacity, whereas atomic adsorption spectrometry was used to determine the residual cadmium ions concentration in the filtrate before and after adsorption. Different factors affecting adsorption were examined concerning pH, contact time, adsorbent dose and degree of carboxylation. Besides, to validate the esterification reaction and existence of carboxylic groups in the adsorbent, CESNPs were characterized metrologically via analytical tools for carboxyl content estimation and instrumental tools using Fourier-transform infrared spectroscopy (FTIR) spectra and scanning electron microscopy (SEM) morphological analysis.

The overall adsorption potential of CESNPs was found to be 136 mg/g when a 0.1 g adsorbent dose having 190.8 meq/100 g sample carboxyl content at pH 5 for 60 min contact time was used. Besides, increasing the degree of carboxylation of the CESNPs expressed as carboxyl content would lead to the higher adsorption capacity of cadmium ions. FTIR spectroscopy analysis elucidates the esterification reaction with the appearance of a new intense peak C=O ester at 1,700 cm⁻¹, whereas SEM observations reveal some atomic/molecules disorder after esterification.

The innovation addressed here is undertaken by studying the consequence of altering the extent of carboxylation reaction expressed as carboxyl contents on the prepared CESNPs via a simple dry technique with a small amount of water, energy and toxic chemicals that were used as a sustainable bio nano polymer for cadmium ions and basic dye removal from wastewater effluent in comparison with other counterparts published in the literature.

This study aims to provide a comprehensive and systematic review of halal tourism structure using bibliometric analysis. Halal tourism interest has increased due to the high demand for tourism products adhering to Shariah law. Furthermore, the vast Muslim population has increased the demand for halal tourism products and destination factors in this niche tourism segment.

A network visualization through bibliographic coupling and co-word analysis, this review presents a science mapping analysis to reveal the knowledge structure of emerging and future trends in halal tourism.

The current and emerging trends demonstrate three themes: the fundamentals of halal tourism, communication via word of mouth in halal tourism and Muslim tourist satisfaction and loyalty. At the same time, the co-word analysis presents the four themes primarily associated with halal tourism challenges: tourist satisfaction, service quality and Muslim travellers’ attraction.

The findings serve as crucial implications, contributing to halal and general tourism theory and application.

This review serves as crucial fundamental knowledge for future studies in halal tourism and its relevant themes for further development in tourism management. The most significant emerging theme in halal tourism is the intervention needed to increase Muslim tourist satisfaction and loyalty through halal-friendly service, customer-service quality, foods and beverages, facilities and privacy. The co-word analysis suggests increasing tourists’ engagement in halal tourism by invigorating the religiosity domain among tourists, improving service quality and perceived value and discovering new Muslim-friendly attractions. The most crucial finding from this study is to ensure that halal and Muslim-friendly tourism are at the same level, to the extent of better service according to Islamic practice. This approach would elevate the value and status of halal tourism as a trending product in Muslim and non-Muslim markets.