A new model for Islamic cooperative mortgage of housing finance

2019 ◽  
Vol 12 (4) ◽  
pp. 708-721
Author(s):  
Aslina Nasir ◽  
Lazim Abdullah
Keyword(s):  
Low Income ◽  
Design Methodology ◽  
Housing Finance ◽  
Initial Amount ◽  
Middle Income ◽  
Content Type ◽  
New Model ◽  
Home Mortgage ◽  
Practical Implications ◽  
Low And Middle Income

Purpose This study aims to propose a new model of Islamic cooperative mortgage of housing finance (ICOM) to provide a lower monthly initial amount with a longer tenure for the low- and middle-income members. This model is developed to ease the burden on borrowers concerning the high initial down payment (ID). Design/methodology/approach The ICOM model is a no-interest mortgage and is developed based on the cooperative home mortgage model by Ebrahim (2009). The model is verified using numerical examples to ensure its feasibility to produce lower monthly initial amounts and compared to the cooperative home mortgage. Findings From the numerical example, the ICOM model shows a lower monthly initial amount with a longer tenure compared to the cooperative home mortgage. The monthly payment is also lower than the cooperative home mortgage. Research limitations/implications The authors compare their model with Ebrahim’s (2009) cooperative home mortgage because of a constraint of limited previous studies on housing finance. Therefore, this model is developed by considering the unaffordability of the initial down payment among low-income borrowers. As this model introduces a lower monthly initial amount, the authors expect it can reduce the unaffordability problem of high initial down payment. Practical implications The authors also expect that a lower monthly initial amount with a longer tenure can ease the burden among the low-income borrowers by reducing their consumption on housing. Originality/value This paper provides a non-interest Islamic cooperative mortgage and lower monthly initial amount with a longer tenure for the low- and middle-income borrowers.

A new model for knowledge management

2015 ◽  
Vol 31 (6) ◽  
pp. 42-44
Keyword(s):  
Knowledge Management ◽  
Case Studies ◽  
Knowledge Economy ◽  
Design Methodology ◽  
Reading Time ◽  
Market Forces ◽  
Content Type ◽  
New Model ◽  
Pertinent Information ◽  
Practical Implications

Purpose – This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach – This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings – We are, as we are constantly reminded, in a knowledge economy, and as such are liable to succumb to different market forces and variations than in previous paradigms. However if this is true, there is a central irony to our development of business activities in this area, in that there seems to be somewhat of a vacuum of knowledge about the knowledge economy. Practical implications – The paper provides strategic insights and practical thinking that have influenced some of the world’s leading organizations. Originality/value – The briefing saves busy executives and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

Relying on frugality as a cornerstone of scalability

2020 ◽  
Vol 36 (9) ◽  
pp. 17-18
Keyword(s):  
Low Income ◽  
Design Methodology ◽  
Review Paper ◽  
Innovation Strategy ◽  
Frugal Innovation ◽  
Content Type ◽  
Developed Markets ◽  
Pertinent Information ◽  
Low Income Consumers ◽  
Practical Implications

Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings The review is based on “In search of the frugal innovation strategy” by Santos et al. (2020), published in “Review of International Business and Strategy.” This literature review paper concentrates on explaining that pursuing frugal innovation involves developing products and services, in a tightly resource-constrained environment, that are both affordable and sufficiently high quality to cater for low income consumers. Pursuing such a frugal innovation strategy is originated in emerging markets but can also translate across to developed markets and their value-seeking consumers. The study's results reveal that frugal innovation is most effective for executing innovation in products and processes. Original/value The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.

scholarly journals Through the pyramid: implications of interconnectedness in Africa

2019 ◽  
Vol 31 (3) ◽  
pp. 289-303 ◽  
Author(s):  
Kerry Chipp ◽  
Marcus Carter ◽  
Manoj Chiba
Keyword(s):  
Middle Class ◽  
Low Income ◽  
Middle Income ◽  
Content Type ◽  
The Poor ◽  
Insurance Cover ◽  
Value Propositions ◽  
Vicarious Consumption ◽  
Economic Ties ◽  
Low And Middle Income

Purpose Many markets are conceptualized as a stratified low- and middle-income “pyramid” of consumers. Emerging markets are sites of rapid consumer mobility, and thus the middle class there is connected to, and often supports, low-income relatives and employees. Therefore, this paper aims to establish that African income groups are not insular, but rather interrelated and have strong social ties reinforced with longstanding communal values, such as ubuntu. Design/methodology/approach Using a between-subjects experimental vignette design, the propensity of the middle class to cover low-income individuals on an insurance product was assessed. Findings Income strata are interrelated and can inform value propositions, which is demonstrated in this paper with insurance, where the middle class are willing to include others, depending on their social proximity, on their insurance cover. Research limitations/implications The context for this study was personal home insurance; hence, the generalisability of the results is circumscribed. Other more tangible forms of cover, such as medical, funeral or educational insurance, may engender far stronger effects. Practical implications Marketers tend to view low- and middle-income consumers as independent. A view of their interrelation will change the design of many products and services, such as a service catered to the poor but targeted at their support networks. An example of such a service is insurance, which is traditionally hard to sell to the poor. A less atomistic approach to income strata could have implications for vicarious consumption, as well as a reconsideration of the disposable income of both groups. Originality/value The pyramid is an interconnected network of social and economic ties.

Source separation and recycling potential of municipal solid waste in Ghana

2016 ◽  
Vol 27 (2) ◽  
pp. 210-226 ◽  
Author(s):  
S. Oduro-Kwarteng ◽  
K. P. Anarfi ◽  
H. M.K. Essandoh
Keyword(s):  
Solid Waste ◽  
Low Income ◽  
Separation Efficiency ◽  
Source Separation ◽  
Economic Incentives ◽  
Household Waste ◽  
Middle Income ◽  
Content Type ◽  
Per Capita ◽  
Low And Middle Income

Purpose – The purpose of this paper is to assess the waste characteristics and separation efficiency of source separation of household waste in low- and middle-income communities in Kumasi Metropolis, Ghana. Design/methodology/approach – A sample of 60 households participated in the household survey, education on source separation and pilot source separation exercise. The solid waste was sorted into six fractions and three recycling categories (biodegradable; paper and plastic; residue). Findings – The mean generation rate of solid waste was 0.52±0.26 kg/per capita/day for the low-income community and 0.65±0.27 kg/per capita/day for the middle-income community. The waste fractions in the communities (low, middle income) were biodegradable organics (59.15, 65.68 per cent), plastics (11.01, 10.68 per cent), papers (3.15, 4.51 per cent), glass (0.89, 2.57 per cent), metals (0.96, 4.63 per cent) and miscellaneous (24.84, 11.93 per cent), respectively. The separation efficiency for organic category was 70 per cent, inorganic and residue was over 69 per cent and the paper and plastics was over 60 per cent. Research limitations/implications – The study suggests that the success of source separation programme hinges on education and economic incentives. It was noted that the sample size could be increased to enhance the accuracy of the data for prediction purpose. Practical implications – The findings showed there is potential for recycling through source separation programme in low-and middle-income communities. Public education and economic incentives are necessary for successful source separation programme. Originality/value – The paper provides insight into source separation to contribute to better understanding of how city authorities in developing countries could take advantage of economic incentives to scale-up recycling.

Indicators of having a micro-family takaful plan amongst low-income earners

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Hafizuddin-Syah Bangaan Abdullah ◽  
Rubayah Yakob ◽  
Sajiah Yakob ◽  
Nuratikah Syafiqah Sharif
Keyword(s):  
Low Income ◽  
Design Methodology ◽  
Past Research ◽  
Marketing Strategies ◽  
Content Type ◽  
Positive Effects ◽  
The Past ◽  
Employed Women ◽  
Comprehensive Measurement ◽  
Practical Implications

Purpose Participation in micro-family takāful plans amongst low-income earners remains low despite the various initiatives promoted by the Malaysian Government. Therefore, this study aims to conduct an in-depth examination on the indicators of having micro-takaful tafakul in Malaysia. Design/methodology/approach Questionnaires were distributed to respondents residing in Selangor, the state with the highest recorded percentage of low-income earners in Malaysia. Regression analysis was conducted in this study. Demographic characteristics and knowledge were treated as the independent variables, whereas the tendency of having a micro-family takāful plan was considered the dependent variable. Findings Gender and knowledge on the benefits of micro-family takāful plans have significant and positive effects on the tendency of having a micro-family takāful plan. Married and employed women are more likely to own a micro-family takāful plan compared with their male counterparts. Research limitations/implications This study contributes to the growing literature on the research of micro-takāful determinants in Malaysia. Practical implications Industry players and regulators need to tailor the operating and marketing strategies of micro-family takāful plans based on the gender and knowledge of potential participants. The industry may also improve the features of takāful plans to ensure that they are even more attractive and comprehensive. Originality/value This study offers a much deeper analysis compared with past research owing to the identified dimensions of a demographic factor that can influence the tendency of having micro-family takāful plans. Besides, this study offers a comprehensive measurement of the knowledge on micro-family takāful plans by considering all aspects (i.e. concept, importance and benefit) of these plans. Moreover, this study examines the influence of each element of knowledge on the tendency of having a micro-family takāful plans, a topic that was rarely studied in the past.

scholarly journals Microfinance and microenterprise performance in Indonesia: an extended and updated survey

2018 ◽  
Vol 45 (6) ◽  
pp. 957-972 ◽  
Author(s):  
Adwin Surja Atmadja ◽  
Parmendra Sharma ◽  
Jen-Je Su
Keyword(s):  
Business Performance ◽  
Design Methodology ◽  
Middle Income ◽  
Content Type ◽  
History Of ◽  
Analyse Data ◽  
And Gender ◽  
The Relationship ◽  
The City ◽  
Practical Implications

PurposeThe purpose of this paper is to address the small, women micro-entrepreneur dominated and heterogeneity limitations of the Atmadjaet al.(2016) study. The sample is much larger, includes more men and is more heterogeneous, which allows deeper insights and more meaningful explanation of the relationship between microfinance and microenterprise performance in the case of Indonesia, including the effects of gender, lending scheme and money separation.Design/methodology/approachThis study used a survey of 556 respondents across five microcredit providers in the city of Surabaya using an updated instrument. Ordered probit is used to analyse data.FindingsMicrofinance may not matter for microenterprise performance in the case of Indonesia. Additionally, microcredit schemes (individual vs group) and gender may also not matter for performance, but money separation might have some influence.Practical implicationsNon-financial factors such as human capital, spousal involvement, and money separation should be considered as important factors for improving microenterprise business performance in Indonesia, with less focus on microcreditper se.Originality/valueThis study provides further evidence that microfinance may not matter for microenterprise performance in the case of Indonesia, a populous middle income country with a very long history of microfinance.

An analysis of barriers for plastic recycling in the Indian plastic industry

2017 ◽  
Vol 24 (2) ◽  
pp. 415-430 ◽  
Author(s):  
Suchismita Satapathy
Keyword(s):  
Design Methodology ◽  
Structural Modeling ◽  
Plastic Waste ◽  
Recycling Process ◽  
Interpretive Structural Modeling ◽  
Content Type ◽  
New Model ◽  
Plastic Recycling ◽  
Plastic Industry ◽  
Practical Implications

Purpose The purpose of this paper is to develop a new model in which the interrelationship between the barriers can be determined that hinder the implementation of effective recycling processes in the plastic sectors of India. Design/methodology/approach Today manufacturers do not want their input to be deemed waste and subsequently be discarded, so their efforts and resources have been channeled into the development of efficient recycling methods. However, there are several barriers hindering the implementation of effective and efficient recycling. In this paper several of the most influential barriers are taken into consideration and implemented in the interpretive structural modeling. Findings The results divided the barriers into four clusters and identified the weak and strong barriers and implemented relationships between them. Research limitations/implications Globally plastic waste has been steadily increasing. Recycling plastic has received much attention because many companies are using it as a strategic tool to serve their customers and to generate good revenue, but there is a lack of effective recycling units in India. The work of this paper and its results will be helpful in the implementation of an effective and efficient recycling unit for the plastic sector. Practical implications The recycling process can be improved by avoiding barriers of PLASTIC recycling. Originality/value In this paper, the plastic industries of India are studied and analyzed, and the barriers are found.

How long is a parental leave and for whom? An analysis of methodological and policy dimensions of leave length and division in Sweden

2019 ◽  
Vol 40 (5/6) ◽  
pp. 479-494 ◽  
Author(s):  
Ann-Zofie Duvander ◽  
Ida Viklund
Keyword(s):  
Low Income ◽  
Household Income ◽  
Parental Leave ◽  
International Comparisons ◽  
Methodological Issues ◽  
Middle Income ◽  
Content Type ◽  
Mothers And Fathers ◽  
Unpaid Leave ◽  
Practical Implications

Purpose Parental leave in Sweden can be taken both as paid and unpaid leave and often parents mix these forms in a very flexible way. Therefore, multiple methodological issues arise regarding how to most accurately measure leave length. The purpose of this paper is to review the somewhat complex legislation and the possible ways of using parental leave before presenting a successful attempt of a more precise way of measuring leave lengths, including paid and unpaid days, for mothers and fathers. Design/methodology/approach The study makes use of administrative data for a complete cohort of parents of first born children in 2009 in Sweden. The authors examine what characteristics are associated with the use of paid and unpaid leave for mothers and fathers during the first two years of the child’s life, focusing particularly on how individual and household income is associated with leave patterns. Findings Among mothers, low income is associated with many paid leave days whereas middle income is associated with most unpaid days. High income mothers use a shorter leave. Among fathers it is the both ends with high and low household income that uses most paid and unpaid leave. Practical implications A measure that includes unpaid parental leave will be important to not underestimate the parental leave and to prevent faulty comparisons between groups by gender and by socioeconomic status. Originality/value A measure of parental leave including both paid and unpaid leave will also facilitate international comparisons of leave length.

New fraud star theory and behavioural sciences

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Vicente Humberto Monteverde
Keyword(s):  
Design Methodology ◽  
Social Implications ◽  
Social Implication ◽  
Content Type ◽  
Academic Field ◽  
New Model ◽  
Model Based ◽  
The Social ◽  
Behavioural Sciences ◽  
Practical Implications

Purpose The purpose of this paper is to establish the theory of the fraud star and the formulation of its microeconomic model, based on the behavioural sciences. Design/methodology/approach The methodology is a practical exploration, first in the convergence of the economics of fraud and the behavioural sciences, based on these tools, formulating the new theory of the star of fraud and formulating its microeconomic model. Findings The paper concludes with a new model of the fraud star theory and its microeconomic modelling. Take into account the new theory of the fraud star of this article. Research limitations/implications There are no limitations in the model. Practical implications The practical implications are to apply the new fraud star theory and calculate your income, in different scenarios. Social implications The social implication is to know the income for the crime of fraud, according to the level of regulations, control and effective punishment. Originality/value The present work is original; there is no new theory of the fraud star, nor its microeconomic model, and it does not exist in the academic field, only in this work.

Substitutability of hotels and peer-to-peer accommodations in Shanghai

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Marek Hudik
Keyword(s):  
Market Segmentation ◽  
Design Methodology ◽  
Peer To Peer ◽  
Middle Income ◽  
Content Type ◽  
Business Travelers ◽  
Chinese Business ◽  
Leisure Travelers ◽  
The Relationship ◽  
Practical Implications

PurposeThis paper aims to determine to what extent hotels and peer-to-peer (P2P) facilities are substitutes for travelers. It then examines whether hotels target business travelers and P2P facilities target leisure travelers.Design/methodology/approachThe author collected characteristics of Shanghai hotels and P2P facilities from websites to determine on what basis the two accommodation types compete. The author then conducted a modified importance-performance analysis (IPA) to determine the relationship between accommodations' provision of these characteristics and their importance to Chinese business and leisure travelers.FindingsThe characteristics of hotels and P2P facilities systematically differ, and travelers perceive these differences as important. While the differences are significant across all price ranges, they are smaller for budget hotels than for high-end hotels. The modified IPA indicates that P2P facilities appeal more to leisure travelers than to business travelers. Yet hotels better satisfy the requirements of both types of travelers.Practical implicationsThe findings imply that P2P facilities can target lower- and middle-income vacationing families by charging lower prices. High-end hotels can compete by providing more diverse services and greater value to business travelers and higher-income leisure travelers. Budget hotels can reduce costs by not providing non-essential characteristics.Originality/valueThis paper contributes to the discussion of the competition between hotels and P2P facilities by focusing on the Shanghai market. It uses the modified IPA to derive implications for lodging market segmentation.

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