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Article
Publication date: 28 April 2023

Syed Alamdar Ali Shah, Bayu Arie Fianto, Asad Ejaz Sheikh, Raditya Sukmana, Umar Nawaz Kayani and Abdul Rahim Bin Ridzuan

The purpose of this study aims to examine the effect of fintech on pre- and post-financing credit risks faced by the Islamic banks.

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Abstract

Purpose

The purpose of this study aims to examine the effect of fintech on pre- and post-financing credit risks faced by the Islamic banks.

Design/methodology/approach

This research uses primary data for fintech awareness and adoption and secondary data of various financial and economic variables from 2009 to 2021. It uses baseline regression to identify moderation of fintech controlling gross domestic products, size, return on assets and leverage. The findings are confirmed using robustness against key variable bias. It also uses a dynamic panel two-stage generalized method of moments for endogeneity.

Findings

The study finds that the fintech awareness and adoption are not the same across all Islamic countries. The Asia Pacific region is far ahead of the other two regions where Indonesia is ahead in terms of fintech awareness and adoption, and Malaysia is ahead in terms of reaping its benefits in credit risk management. Fintech affects prefinancing credit risk significantly more than postfinancing credit risk. Also, the study finds that Islamic banks suffer from the problem of “Adverse selection under Shariah compliance.”

Practical implications

This research invites regulators to introduce fintech in Islamic banks on war footing. Similar studies can be conducted on the role of other risks such as operational and market risks. Fintech will also help in improving the risk profile and stability of Islamic banks against systemic risks and financial crises.

Originality/value

This research has variety of originalities. First, it is the pioneering study that addresses the effect of fintech pre- and post-financing credit risks in Islamic banks. Second, it identifies “Adverse selection under Shariah compliance” for Islamic banks. Third, it helps identify how fintech can be useful in reducing credit risk that will help in reducing capital charge for regulatory capital.

Details

Journal of Science and Technology Policy Management, vol. 14 no. 6
Type: Research Article
ISSN: 2053-4620

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Article
Publication date: 12 September 2008

Hassan Malik, Ridzuan Bin, Hamid and Esa Haruman

The purpose of this paper is to illustrate the complex nature of galvanic corrosion and how it is affected by various key factors related to material characteristics and material…

575

Abstract

Purpose

The purpose of this paper is to illustrate the complex nature of galvanic corrosion and how it is affected by various key factors related to material characteristics and material processing parameters. In particular, this study aims to explore the effect of pH and temperature on the integrity of a system galvanically protected through the use of zinc anodes.

Design/methodology/approach

This study involved electrochemical testing at 24, 35 and 50°C in acidic and neutral solutions. As the environmental temperature and pH change the corrosion potential, galvanic potential and galvanic current may alter. This could influence the expected life of an anode used to protect processing equipment. Accordingly, the experimental design methodology involved collection of corrosion potential, galvanic current and galvanic potential data for zinc and zinc coupled to steel. This information was then used to calculate the life of zinc anodes at different temperatures and pH.

Findings

Results indicate that changes in pH and temperature can influence the potential of zinc, the galvanic current in a steel couple and the galvanic potential of zinc joined to steel. Calculations based on the accumulation of these data have revealed that at constant pH as the temperature was decreased, the driving potential of the zinc increased. Through further analysis, it was found that as a consequence of changes in driving potential the integrity of a structure may be put at risk due to fluctuations in pH and temperature.

Practical implications

Practically the research can help predict whether the integrity of a structure protected by zinc sacrificial anodes is at risk depending upon changes in pH and temperature.

Originality/value

Previous work was related mainly to galvanic corrosion at one particular pH and temperature. In this investigation, a range of pH and temperature values was used for the application of zinc anodes. The paper will be of value to engineers involved in the design of cathodic protection systems for oil field equipment, where changes in the acidity of the environment may occur due to differing levels of CO2 and H2S entering a structure.

Details

Anti-Corrosion Methods and Materials, vol. 55 no. 5
Type: Research Article
ISSN: 0003-5599

Keywords

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222

Abstract

Details

Journal of Science and Technology Policy Management, vol. 14 no. 6
Type: Research Article
ISSN: 2053-4620

Available. Content available
Book part
Publication date: 25 April 2022

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Sustainability Management Strategies and Impact in Developing Countries
Type: Book
ISBN: 978-1-80262-450-2

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Book part
Publication date: 20 January 2022

Rusni Hassan, Noor Mahinar Abu Bakar and Noor Haini Akmal Abu Bakar

Using the notion of sustainable impactful strategies for waqf management, this study examines the governance and best practices on idle waqf management by the Malaysian States…

Abstract

Using the notion of sustainable impactful strategies for waqf management, this study examines the governance and best practices on idle waqf management by the Malaysian States Islamic Religious Councils (SIRCs) in selected states like Penang, Perak and Kuala Lumpur. The waqf management of the SIRCs is also assessed based on the model framework countries such as Singapore, Kuwait and United Arab Emirates (UAE). The findings of this chapter indicate that ineffective administration and management on waqf have hindered its development and expansion in Malaysia. Also, an effective and robust governance framework based on Shariah could and should be implemented to ensure that waqf in Malaysia are managed effectively to gain socio-economic sustainability of Muslim communities. The findings of this chapter will fill the research gap on good governance and best practices in waqf administration and management as a way forward for Malaysia by providing a way forward for SIRCs and policymakers in Malaysia, to enhance the performance of waqf entity using selected other countries as model framework of good governance and best practices. Furthermore, an emphasis on good governance and best practices is important to attract waqf donors. It is imperative to note that to date, there is no qualitative study that compare the impact of good governance and best practices on the management of waqf by selected SIRCs in Penang, Perak and Kuala Lumpur to Singapore, Kuwait and UAE as model framework countries.

Details

Towards a Post-Covid Global Financial System
Type: Book
ISBN: 978-1-80071-625-4

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Book part
Publication date: 25 April 2022

Nazhatulzalkis Jamaludin, Siti Zubaidah Binti Hashim, Intan Bayani Bin Zakaria, Nadira Binti Ahzahar and Mior Alhadi Mior Ahmad Ridzuan

Sustainability issues have become crucial to mitigate urban heat islands (UHIs) and reduce the global warming effect. The climate change news is frequently heard lately due to the

Abstract

Sustainability issues have become crucial to mitigate urban heat islands (UHIs) and reduce the global warming effect. The climate change news is frequently heard lately due to the extreme weather to the extent that the increasing earth’s temperature often causes disaster and loss of property and life. New adaptation needs to new climate context and limits the on-going effects. One of the ways is adopting green roofs on buildings. Implementing sustainable practices such as green roofs will help mitigate this adverse effect in urban areas. Green roofs provide many benefits such as enhancing the aesthetical quality of the built environment, reduce UHIs, reduce energy consumption, improve storm-water attenuation, roof longevity, and reduce noise pollution. However, only a few buildings in Malaysia have considering green roofs as a main green feature element. There is barely number of buildings that have green roof design even though it offers benefits to the community and environment. This chapter has emphasised the types of green roof systems that are potentially suitable in Malaysia climate and obstacles associated with the green roof system. The study found the barriers to implementing green roofs in Malaysia, especially during the stage of building operation in maintaining the green roof system. The survey has been done, which revealed nine factors that hinder the green roof application. This study also highlights the challenges to overcome the barriers of implementing green roofs in Malaysia.

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Sustainability Management Strategies and Impact in Developing Countries
Type: Book
ISBN: 978-1-80262-450-2

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Article
Publication date: 9 October 2024

Khoirul Umam, Alfarid Fedro, Moch Imron Isro'i and Meti Ekayani

This study aims to address the challenge of balancing economic development with environmental protection in the context of productive waqf forests (PWFs). The inherent tension…

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Abstract

Purpose

This study aims to address the challenge of balancing economic development with environmental protection in the context of productive waqf forests (PWFs). The inherent tension between forest productivity and protection necessitates a model that ensures sustainable utilization. This research proposes a novel framework by integrating fiqh bi'ah (Islamic environmental jurisprudence) with a model for PWFs development.

Design/methodology/approach

Using a qualitative approach, the analytical network process (ANP) analyzes data gathered through a literature review of Islamic environmental jurisprudence (fiqh bi'ah) on environment and waqf, in-depth interviews and focus group discussions with academics, practitioners and regulators in fiqh bi'ah and waqf forest management.

Findings

Three potential PWFs development models emerge from the fiqh bi'ah literature; Harim (maintaining the natural forest state for intangible benefits like oxygen and biodiversity), Hima (sustainable utilization of forest products while preserving ecological components) and Ihya’ al-mawat (developing unproductive land into a future forest). The ANP analysis reveals that Hima is the most preferred model by all stakeholders, followed by Ihya’ al-mawat. The Harim model received lower preference due to limited economic potential. Additionally, experts suggest tourism-based forest management as the most suitable approach for all three PWFs models.

Originality/value

This study offers a novel PWFs development model grounded in fiqh bi'ah principles. By using ANP to integrate diverse stakeholder perspectives, the research provides valuable insights for sustainable and ethical management of PWFs resources, contributing to the literature on Islamic finance and business models.

Details

Journal of Islamic Accounting and Business Research, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1759-0817

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Book part
Publication date: 12 February 2021

Free Access. Free Access

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Modeling Economic Growth in Contemporary Malaysia
Type: Book
ISBN: 978-1-80043-806-4

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Article
Publication date: 9 October 2023

Safwan Kamal, Izra Berakon, Abdul Hamid and Zainal Muttaqin

Previous studies described the professional zakat had been limited. Generally, the past authors conducted a quantitative method with general results and did not focus on the…

410

Abstract

Purpose

Previous studies described the professional zakat had been limited. Generally, the past authors conducted a quantitative method with general results and did not focus on the behaviour of people who pay the professional zakat. As a result, the purpose of this study is to provide a comprehensive understanding of how the general public can pay their zakat using Bloom’s theory.

Design/methodology/approach

This research uses primary data with in-depth interviews from five informants, including civil servants (PNS) and private employees. Spiral analysis was used to analyse the data, arrange it, read it frequently, take brief notes, find categories, interpret and summarise it.

Findings

The results show Bloom’s theory can accommodate muzakki’s behaviour by paying professional zakat. It can be seen from the following conclusions: firstly, in the cognitive domain, muzakki’s behaviour of paying the professional zakat was motivated by their memories (experiences), the ability to interpret, the ability to understand the principles of zakat, the ability to understand the relations and the ability to understand the role of zakat from its norms. Secondly, in the affective domain, muzakki’s behaviour in paying the professional zakat was motivated by their ability to receive, give positive value, call others and dare to take risks. Thirdly, in the psychomotor domain, guided practice, mechanised practice and adoption drive muzakki’s behaviour of paying zakat.

Research limitations/implications

This study has limitations regarding the number of samples (informants). In addition, the results of the research are designed to be very subjective so that they cannot be generalised to phenomena that exist in other places and countries that also require zakat in the profession. In the future, the results of this study can be used as a variable development with quantitative methods so that it can involve more samples to get maximum and a broader result.

Practical implications

This research has a valuable managerial impact on the zakat management institutions, particularly in Langsa, Aceh, Indonesia and all zakat institutions worldwide. Therefore, the central government can evaluate the zakat gap through various socialisation activities by promoting the cognitive, affective and psychomotor domains. Socialisation should improve people’s behaviour to pay zakat so that the amount of zakat collected will be higher and will reduce the gap between the potency of zakat and the zakat in reality which has been unequal so far.

Originality/value

This research will contribute to the significant development of zakat in terms of studying the behaviour of muzakki paying the professional zakat. Although the theory of planned behaviour was dominated by previous research, this research reveals other aspects of muzakki behaviour using Bloom’s model by elaborating on cognitive, affective and psychomotor domains.

Details

Journal of Islamic Marketing, vol. 15 no. 3
Type: Research Article
ISSN: 1759-0833

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Article
Publication date: 30 September 2024

Muhammad Fazlurrahman Syarif and Ahmet Faruk Aysan

This study aims to understand the practices and rules of Sharia crowdfunding policies in Indonesia given the rapid growth of financial technology and the increasing importance of…

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Abstract

Purpose

This study aims to understand the practices and rules of Sharia crowdfunding policies in Indonesia given the rapid growth of financial technology and the increasing importance of crowdfunding as a funding alternative for micro, small, and medium enterprises (MSMEs).

Design/methodology/approach

This study used qualitative methods, exploratory methods and literature studies for data collection. The focus is on understanding the regulatory environment and institutional framework that support Sharia crowdfunding in Indonesia.

Findings

Despite a specific law regulating Sharia crowdfunding, several authoritative institutions in Indonesia offer FinTech, crowdfunding and Sharia crowdfunding services. Some regulations have been issued, such as Bank Indonesia Regulation Number 19/12/PBI/2017 and Financial Services Authority (OJK) Regulation Number 37/POJK.04/2018, which was later amended to Number 57/POJK.04/2020. This study emphasizes the crucial role of OJK in providing security guarantees for implementing FinTech, including crowdfunding. At the same time, Sharia crowdfunding also follows fatwas issued by DSN-MUI.

Research limitations/implications

This study describes Sharia crowdfunding policies in Indonesia and indicates that further research could delve deeper into specific cases and examine the impact of these policies on the growth and sustainability of Sharia crowdfunding.

Practical implications

This study underlines the need to enhance Sharia crowdfunding standards and to create rules that explicitly address this issue. This has implications for regulatory authorities, FinTech companies and MSMEs seeking to leverage Sharia crowdfunding.

Social implications

This study suggests potential social implications, including a more inclusive financial system that complies with Islamic principles and supports MSMEs' growth.

Originality/value

This study is unique in its focus on Sharia crowdfunding policies in Indonesia, providing a comprehensive view of the regulatory landscape and existing institutional framework.

Details

Journal of Science and Technology Policy Management, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 2053-4620

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