IIUC Business Review

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Start date: 2010End date: 2019

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Now showing 1 - 10 of 38
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    Mosque based sustainable financing model for micro enterprises using cash Waqf in Selangor state of Malaysia
    (CRP, Center for Research and Publication, 2018-12) Imtiyaz, Mohamed Noordeen Mohamed; Razak, Dzuljastri Abdul; Embi, Nor Azizan Che
    Micro enterprises are emerging as an important sector in the economic system of Malaysia by contributing significantly to Gross Domestic Product (GDP) and providing employment opportunities to millions of workers in the country. Despite its importance in contributing towards the enhancement of the well-being of society and the continuous efforts from the government, micro-enterprises in Malaysia, are struggling with several issues. The majority of them are facing difficulties in obtaining financing for high risk. Hence, they face issues in obtaining financing from financial institutions which seek collateral and charge interest or fixed profit rate. Hence, this study proposes a mosque-based sustainable model for financing micro-enterprises using cash waqf with a significant feature of involving mosque-based administration committees (AJK) to intermediate between the Waqf Corporation of Selangor (PWS) (Waqf assets managing body of State Islamic Religious Council of Selangor (MAIS)) as Mutawalli of waqf and micro enterprises at village level. This study proposed a model for the Selangor state as the case study that may help address the financing constraints of micro-enterprises and further improve the well-being of Muslim society by better usage of cash waqf.
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    Responsibility of family towards teaching ethics and morality for sustainable development in Bangladesh: A critical explanation from Tawhidic paradigm
    (CRP, Center for Research and Publication, 2018-12) Sarif, Suhaimi Bin Mhd.; Nabi, Ashiqun; Jahan, Nusrat
    This paper, through a mixed-method approach (interview and survey questionnaire), investigates the responsibility of family towards teaching ethics and morality to children for sustainable development, specifically in Bangladesh. Reports and studies have shown that children have shown unethical and immorality practices due to a lack of education about Ethics and Morality, similar to those of tertiary-level graduates. This situation becomes an impediment to sustainable development. Malpractices, unethical behavior, and immorality actions are rampant reported in the mainstream news. Eventually, such a situation leads to non-sustainable development. The findings opined that the family has a fiduciary responsibility to teach Ethics and Morality to children. The respondents contended that the value-driven approach through the Tawhidic Paradigm (Unity of God) of teaching ethics and morality empowered society in Bangladesh with high ethical and moral conducts in decisions and actions. This study provides practical implications for policymakers and practitioners for socio-economic policies and practices in Bangladesh for sustainable development. The results of the study are contextually limited by the size of the samples, area, and robustness of the analysis.
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    The impact of transnational culture on countering terrorism in Muslim countries: A critical explanation from Tawhidic paradigm
    (CRP, Center for Research and Publication, 2018-12) Sarif, Suhaimi Bin Mhd.; Nabi, Ashiqun; Ferdaus, Tasnim
    This paper tries to address the impact of transnational culture, which is basically consists of cultural diversity, multi-ethnicity, and multi-languages, on countering the terrorism. Transnational culture, through globalization and internationalization, can play a vital role on countering the terrorism both within and across nations, particularly in Muslim-majority nations. For the research purpose, the study obtained the opinions of 59 post graduate students from different universities in Turkey and Bangladesh through a survey on the impact of transnational culture in reducing terrorism. The study found that transnational culture has a significant impact on changing people’s perspective about countering terrorism in today’s Muslim world. The informants also viewed that the Tawhidic paradigm (Unity of God) offers spiritual dimension to educate and nurture people to respect other views, multi-ethnicity, cultures and languages which may lead to counter the terrorism in the Muslim nations. Nevertheless, the results of the study are constrained by the size of the sample and robustness of the analysis.
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    The impact of religiosity, legal enforcement and good governance on tax evasion: A study on SAARC countries
    (CRP, Center for Research and Publication, 2018-12) Patwary, Nizam Uddin; Rashid, Md. Harun Ur
    The study aims to examine the impact of religiosity, legal enforcement and good governance on tax evasion. The study utilizes a panel data of 7 SAARC countries covering the period of 2002 to 2015 and ordinary least square (OLS), fixed effect (FE) and random effect (RE) model have been applied as statistical technique to analyze the data. The results of the study show that (a) the religiosity has a negative impact on tax evasion, (b) enforcement level has been found positive in OLS and random effect but negative in fixed effect model, and (c) good governance in public sector has a negative impact on tax evasion. The results of the study are supposed to offer valuable insights to the researchers, tax practitioners and government for the development of an international tax framework, and implementing a sound policy.
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    Effecting structural development in the Malaysian Islamic banking sector using conventional banking models
    (CRP, Center for Research and Publication, 2018-12) Imon, Riasat Amin
    To a notable extent, one of the main causes of renewed interest in Islamic Social Finance has been the academia’s disillusionment with the contemporary Islamic Banking and Finance (IBF) sector’s ability to break free of the conventional banking system. IBF has developed into a financial system that mirrors conventional financial practices and values, albeit with Shariah compliance. Using the Malaysian Islamic banking system as a basis, this paper makes use of extant literature and a systemic perspective to categorically identify the systemic reasons for IBF’s structural development, and further proposes a practical means for achieving pointed, systemic and inclusive (stakeholder-oriented) development that has been sought in IBF. Furthermore, its propositions are grounded in a tried and tested model of conventional banking. The implications of this research are as straightforward as they are significant; that by looking at IBF development theory from a more systemic and practical perspective, there are still means to develop IBF according to its original founding values.
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    Financial performance of categorical banking sectors in Bangladesh
    (CRP, Center for Research and Publication, 2018-12) Chowdhury, Abdul Hamid; Hossain, Murad
    This study's objective is to assess the financial performance of the categorical banking sectors in Bangladesh from 2013 to 2017. The study used secondary sources of data that were collected from the Bangladesh Bank's annual reports. Through the use of the CAMEL test, an ANOVA, and an ordinary least squares model, this paper attempts to determine whether there are any appreciable differences in the capital adequacy, asset quality, management efficiency, earning ability, and liquidity among the four categories of banking sector in Bangladesh. The CAMEL test reveals that among the four types of banks, foreign commercial banks do the best. Among the four categories of banks, state-owned development financial institutions have performed the worst. When compared to one another, the four banking organizations' performance is found to be significantly different
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    Revisiting the impact of green human resource management practices on the sustainable environmental performance: An emerging economy perspective
    (CRP, Center for Research and Publication, 2018-12) Hasan, Abu Nayeem Mohammad
    The study examined the Green Human Resource Management (GHRM) practices that are significantly influential to the sustainable environmental performance of organizations. The study employed a quantitative method to analyze data, collected from 143 HR professionals of different establishments from ready-made garments & steel industries in Bangladesh. The purpose of the study is to investigate the connection and impact of GHRM practices on organizational sustainable environmental performance, to an extent, to identify the degree of the factor’s stimulus sustainability. Following previous works on this area, the study has revealed significant impacts of green reward & incentives, green training & development, green performance & management, and knowing green HRM, green organizational culture, and insignificant impact of green recruitment & selection on the sustainable environmental performance of organizations. The findings of the study might help HR managers and leaders in the organization by providing a constructive view of HR management practices. Furthermore, the contribution of this paper lies in enriching the scope and depth of green HRM in the emerging sustainable environmental performance of organizations.
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    Rural Development Scheme of Islami Bank Bangladesh Limited: An Analysis as an Alternative Microfinancc Program
    (CRP (International Islamic University Chittagong), 2014-06) Rafique, Abu Bakr; Al-Mubarak, Tawfique
    The Rural Development Scheme (RDS) of Islami Bank Bangladesh Limited (fBBL) was introduced in 1995 with the objective of eradicating poverty and to involve the largest number of village-living poor folks to create opportunity for income generation and employment of the rural poor. RDS, despite its limitations, has proven itself as an alternative microjinance program to the conventional microfinance providers and Non-Governmental Organizations (NGOs) in Bangladesh. This paper, following a comparative methodology, aims at analyzing the success and failure of the RDS of fBBL throughout the past few years, and testing its effectiveness as an alternative to the conventional micro finance programs which are mainly based on interest-bearing loans.
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    Challenges and Potentials of Islamic Finance Products in the Australian Financial Market Regulation: A Critical Review
    (CRP (International Islamic University Chittagong), 2014-06) Shahed, Abul Kalam Muhammad; Ahmad, Abu Umar Faruq
    The purpose of the study is to identify the key challenges in the growth and development of Islamic financial services in Australia for its largest Muslims minority. It also assesses the prospects for the emergence of Islamic banking in the Australian market in parallel to its conventional practice. The method employed in this study is a mixture of direct observation from legal and regulatory perspectives and author's personal experience, curiosity and association with this industry. However, Islamic legal context remains the only theoretical basis of the study. Through examining the above the paper seeks to argue that in order to meet the core challenges of Islamic finance a separate legal framework be established so as to facilitate its growth and development in the Australian financial market
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    Analysis of Retail Investors' Behavior in the Capital Market
    (CRP (International Islamic University Chittagong), 2014-06) Islam, Serajul; Hoque, Nazamul; Hassan, Rizwan
    There are various types of investors in the capital market, but retail investors are a mentionable portion and they behave in the market in different ways. They are of different age, sex, education background and size of the family. They are different on the basis of income level also. Investors' behavior is influenced by demographic, financial and macro factors. This paper examines the various influencing factors of behavior and thereby finds some motivating factors for which investors behave aggressively, moderately and conservatively in the market. Due to imbalanced behavior by some investors, the market price fluctuates extremely. As a result new investors sometimes lose their capital and that is de-motivational for the new as well as potential investors. So the paper is an attempt to study the investors' behavior for finding relevantfactors to control the market behavior that will protect the investors' interest as well as to develop the efficient capital market.