IIUC Business Review

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End date: 2019

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Now showing 1 - 10 of 59
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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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    Relationship between Productivity and Profitability: A Case Study of Apex Tannery Ltd.
    (CRP, International Islamic University Chittagong, 2007-08) Alam, Zahangir; Islam, Serajul; Rahman, Muhammad Mahbubur
    The study attempts to find out the relationship between productivity and profitability of a firm. It is intended to measure how effectively a firm can uses its assets and how effectively the firm manages its operation. The empirical analysis of the study covered a period of 5 years of the sample enterprise. The study shows that there has been a positive partial relationship between productivity and profitability of the sample enterprise. It also indicates that the performance of the sample enterprise in terms of productivity and profitability has been far from satisfactory during the study period. Also an attempt has been made in this paper to highlight the productivity trends of an industry by using a suitable approach. Finally, the study suggests to undertake every possible measure by the competent authority to improve the position of the productivity and profitability of the sample enterprise
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    Impact of Exchange Rate Depreciation on Export of Bangladesh: An ARDL (Autoregressive Distributed Lag) Model
    (CRP, International Islamic University Chittagong, 2007-08) Ahmmed, Monir; Alam, Rafayet
    This paper is to examine the impact of depreciation of exchange rate on export of Bangladesh. An Autoregressive Distributed Lag Model (having lags of both dependent and independent variables) has been used to test this. From the analysis it has been found that depreciation at some lags has positive impact on export. But current-period depreciation has negative impact on export (this result goes with the findings of Fang. Lai, Miller. 2005 & Fang. Miller. 2004 where they showed that too much fluctuation in exchange rate might have offset the growth in export generated by depreciation). However. both the relations are statistically significant. These findings somehow go with the celebrated .l-curve effect which points out deterioration before an improvement in a country's trade balance resulting from a depreciation or devaluation. So in Bangladesh depreciation might not be a correct choice ifwe want to increase export within a short span of time. This analysis also shows that the income of the consumers of our exportable does not have significant effect on our export i.e. our export is income inelastic.
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    Assessment of Financial Soundness: A Case Study of Beximco Pharmaceuticals Ltd
    (CRP, International Islamic University Chittagong, 2007-08) Islam, Serajul; Alam, Zahangir; Chowdhury, Abdul Hamid
    The main objective of the study was to assess the financial soundness of Beximco Pharmaceuticals Ltd (BP L) by using Du Pont Equation &Altman's Model, The finn's management can use the Du Pont system and Altman's model to analyze ways of improving the firm's performance. By applying Altman's Model, it revealed that BPL would be financially unhealthy and would like to go bankruptcy in the near future. The main reasons for such state of affairs are shortage of adequate working capital, shortage of raw materials and their irregular supply, instability in raw material price, lack of requisite research & development activities, shortage of skilled manpower, lack of proper responsibility and accountability, limited market for products, absenteeism of workers from jobs, adverse factory environmental factors, power disruption and troubles in machinery. Therefore in order to improve the financial soundness of the company and to save it from bankruptcy proper steps should be taken to remove those reasons