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The complex environment of regional and extra-regional politics in South Asia renders the region more susceptible to economically and militarily weaker states. This article investigates the challenges Bangladesh faces due to rapidly changing geopolitical dynamics and global political and economic upheavals.

This study delves into the dilemmas encountered by Bangladesh as a weak state through literature review, in-depth interviews, media reports and dialogues.

Four key factors are identified: (a) Bangladesh’s significance to major powers has increased; (b) it confronts many obstacles hindering its pursuit of a purely non-aligned foreign policy due to its strategic importance to these powers; (c) its internal factors including political turbulence, corruption, and fragile external relations, have been detrimental; and (d) the intensification of key powers’ influence has constrained its autonomy.

This study underscores that weak institutions, least regional integration, and limited cooperation among states have compromised the autonomy of weak states like Bangladesh in South Asia. There is a need for unity and collaboration among these nations to address dilemmas in the interest of their national sovereignty, territorial integrity, and regional stability.

Customer value co-creation behavior is promising but undertheorized. To bridge this gap, this study examines the viability of a social cognitive theory positing that customers' value co-creation behavior is shaped by their co-creation experience, self-efficacy, and engagement.

Using healthcare as a case, a stratified random sample comprising 600 patients from 40 hospitals across eight metropolitan cities in an emerging economy was acquired and analyzed using co-variance-based structural equation modeling (CB-SEM).

Customers' co-creation experience has a positive impact on their co-creation self-efficacy, co-creation engagement, and value co-creation behavior. While co-creation self-efficacy and engagement have no direct influence on value co-creation behavior, they do serve as mediators between co-creation experience and value co-creation behavior, suggesting that when customers are provided with a co-creation experience, it enhances their co-creation self-efficacy and engagement, ultimately fostering value co-creation behavior.

A theory of customer value co-creation behavior is established.

This paper aims to present a citation-based bibliometric review of Islamic banking efficiency literature from 2000 until August 2020 for analyzing the content of the literature and mapping future research directions.

Using bibliometric citation analysis, this study reviews and examines a total of 278 documents from Web of Science (WoS) indexed sources coupled with content analysis.

The results identified that the growth of Islamic banking efficiency literature has begun to rise since 2008 with an annual growth rate of 12.5% while identifying the most influential aspects of Islamic banking efficiency literature in terms of topics, papers, authors and keywords. The outcomes of science mapping (i.e. co-citation network, bibliometric coupling and co-authorship network) reveal that there are three underlying research streams in Islamic banking efficiency literature: growth of Islamic banking efficiency literature, stability and genuineness of Islamic banking operations and the methods in Islamic banking efficiency literature.

To the best of the knowledge, this is the first bibliometric review paper on Islamic banking efficiency literature. It successfully unveils the scientific mapping of published WoS documents with a future research agenda also proposed based on the review outcomes. These findings can be used in efficiency-related initiatives by managers or regulators for managing Islamic bank operations worldwide.

The banking sector in West Asia has always experienced positive growth except for Palestine. Apart from some negligible outlying outcomes in some countries that have faced political crises and war, most West Asian countries have gained bank profitability and efficiency. However, the stability in the banking sector has been rarely examined in the literature. Hence, this study sheds light on examining bank stability by considering 12 countries in West Asia.

A fixed effect panel data regression analysis is employed on strongly balanced panel data using data from 2004 to 2018.

Results reveal that the net interest margin has a positive relationship with bank stability. The bank’s stability rises as the net interest margin improves. Furthermore, the non-interest income reveals a positive significant impact on the stability of banks, depicting that the increase in non-interest income increases the stability of banks. Additionally, the non-interest expense also reveals positive significant results with the stability of banks. Nevertheless, leverage ratio and long-term debt portray a negative significant impact on banks’ stability. The finding reveals that higher long-term debt and leverage ratios may decrease the stability of the banks in West Asia.

Overall, the authors’ findings add to the literature on the stability of the banks by providing some new but significant information. Some of the recommendations may be beneficial to the long-term success of 12 Western Asian countries’ banks.

The study examines the stability of banks by incorporating both profitability and operating efficiency along with net-interest income, which extends to the current literature’s insight.

This study aims to investigate and point out the variations of agency theory in the context of Sharīʿah governance in Islamic banking operations in the Kingdom of Saudi Arabia (KSA).

The study followed the approach of quantitative Corporate Governance Index (CGI) by computing the Gov-index (Gompers et al., 2003) and the Gov-score (Brown and Caylor, 2004; Saffieddine, 2009) to examine corporate governance (CG) issues using primary as well as secondary data. The primary data was generated from three full-fledged Islamic banks (IBs) and nine traditional banks with Islamic banking wings, all operating in the KSA. The approach was to provide an insight into the agency structure in the context of Islamic banking, which may lead to a trade-off between the conformity of Sharīʿah (Islamic law) rules and processes followed in safeguarding the rights of investors.

The majority of the Islamic banking services that are surveyed in this study acknowledge the significance of Sharīʿah governance and have implemented the fundamental methods, in conformity with this system. Certain flaws in Sharīʿah governance principles pertaining to audit, control and transparency are reported.

The research outcomes will be invaluable to IBs aiming to improve existing SG practices. It also has implications for IB managers to design strategies while complying with regulations and to protect the interests of all investors without breaching the ethics of Sharīʿah.

This paper adds original value to the body of knowledge on agency relationship by analysing the dynamics of agency theory in the unique and complex context of Sharīʿah governance of IBs or those offering Islamic products in the KSA. The results can be used as a valuable feedback for improvement of Sharīʿah governance in the banking system in the KSA and the Gulf region at large.

This study aims to identify and analyse the gender-specific challenges encountered by internally displaced women (IDWs) in developing countries, focusing on Bangladesh within the distinctive backdrop of the COVID-19 pandemic. Furthermore, the paper recommends effective strategies to address and overcome these challenges.

This research, conducted by the PRISMA guidelines, investigated the socio-economic challenges of the pandemic for IDWs through a comprehensive analysis of diverse sources. These sources encompassed quantitative and qualitative studies, organisational reports, publications from UN agencies, the International Organisation for Migration, the International Labour Organisation, the World Health Organisation, case studies and newspaper articles.

This research sheds light on the impact of the COVID-19 crisis on IDWs, encompassing aspects such as safety, shelter, livelihood, household responsibilities, health support, external aid, domestic violence and childcare facilities. In addition, it emphasises the pivotal contributions of government organisations (GOs) and non-governmental organisations (NGOs) in ensuring the well-being and survival of IDWs.

This paper represents one of the initial endeavours in exploring the socio-economic challenges of the COVID-19 pandemic on IDWs. Moreover, it highlights the significance of tailored gender-specific assistance for IDWs in challenging circumstances. Researchers, policymakers, GOs and NGOs can leverage the insights gleaned from this study to enhance the socio-economic well-being of IDWs.

Like many other authors, Briffault recognises the immense contribution of Muslims to civilisation and its influence on the European renaissance. Unlike most other authors, however, Briffault realises that such a contribution was stimulated, motivated and guided by a “new spirit.” Insufficient attention, however, has been given to the source and roots of this “new spirit,” which emerged suddenly and powerfully in the Seventh Century initially among the Arabs who were not known for any significant contribution to science and technology. Nor was the sandy, mostly arid Arabia known as a centre of learning and research.

The purpose of this paper is to analyze the bank efficiency in three developing countries, namely Angola, Brazil and Mozambique, aiming to infer differences given that they belong to the same cultural tradition. The underlying idea is to control for the cultural background, thus allowing the discussion on how different socio-economic and historical variables maybe impacting different levels of banking efficiency and returns to scale results within the ambit of these three countries.

Due to the presence of latent inefficiency, the authors have to modify the technique to accommodate simulation by importance sampling; therefore, in effect, the authors use a local maximum simulated likelihood approach.

The results reveal that Brazil has the highest level of output-oriented efficiency, followed by Angola and then Mozambique. The same ranking is observed in returns to scale, except that vis-à-vis technical change, Brazil and Angola rank first. Finally, inefficiency derived from technical change is highest in Mozambique, followed by Angola and then Brazil. Therefore, these results reveal that the countries with the highest degree of development are higher in efficiency.

Previous studies have identified factors such as legal tradition, accounting conventions, regulatory structures, property rights, culture and religion as possible explanations for cross-border variations in financial development and economic growth. This is the first time banking efficiency is assessed in light of a common cultural background by selecting a group of countries that share the same language and colonial past. Since results are controlled for the same background, it is possible to affirm that the findings are purely related to scale size and economic/political background issues of each country.

A nationwide common malpractice in Zakat distribution has been prevailing in Bangladesh for the past few decades. The paper is a groundbreaking effort to investigate the perceptions of the Zakat payers about the common malpractices and to highlight whether any change in the conventional distribution of Zakat has occurred during the Covid-19 pandemic. The study also aims to extract the common perception of the Zakat payers regarding the validity of the changed practices during the pandemic.

The study adopts the qualitative research approach allowing an in-depth interview technique based on an unstructured questionnaire schedule to obtain information from the Zakat payers, complemented by the key informant interview with the Islamic Scholars. The study obtained data from Zakat payers administering a purposive sampling technique based on two specified criteria. After coding the information on three main themes, content analysis is used to examine the results.

The results reveal that although the Zakat payers dislike the common practices because of some antithetical issues, they still practice the same customs. Moreover, they apportion most of the value of Zakat in purchasing low-quality festive-motive clothes for the recipients. They are ignorant about Islamic law and the validity of such practices. According to scholars, these activities are not a pure system of Zakat provision and unable to alleviate poverty. Amid the Covid-19 pandemic, this practice shifted heavily to buying food items for the poor due to the financial hurdles they confronted during the pandemic. Although no solid argument is deduced from the participants about the exactitude of such distributional change, scholars regard the transformation as beneficial to the afflicted and the impoverished who have been hit by the pandemic, as well as not conflicting with the Zakat legislation.

The study is a novel contribution to addressing the malpractice in Zakat distribution through receiving practical information from the Zakat payers, which will help produce more in-depth research in Islamic finance. Furthermore, this research will help the government and people raise awareness about the authentic practices of Zakat distribution according to the codes of Shari’ah.

This study is a pioneering investigation since a scarcity of scholarly works attempted to identify the impact of Covid-19 on the practice of Zakat distribution and the associated perception regarding its Islamic jurisprudence. To the best of the authors’ knowledge, the investigation of common malpractices of Zakat is still unearthed by no former rigorous studies in the context of Bangladesh. The present study bridges this gap and paves a pragmatic research dimension in the Islamic finance.