scholarly journals Application of Tawarruq in Islamic Banking in Malaysia: Towards Smart Tawarruq

2020 ◽  
Vol 7 (2) ◽  
pp. 104-119
Author(s):  
Muhammad Faruq Roslan ◽  
Omar Bamahriz ◽  
Aishath Muneeza ◽  
JinZi Chu ◽  
Zakariya Mustapha ◽  
...  
Keyword(s):  
Literature Review ◽  
Systematic Literature Review ◽  
Future Development ◽  
Best Practice ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Future Prospects ◽  
Modus Operandi ◽  
Practice Models

The objective of the paper is to discuss the application of tawarruq in Islamic banking generally. The modus operandi of tawarruq in Islamic banking is an essential discussion in jurisdiction like Malaysia, where most Islamic banks use tawarruq to structure Islamic banking products. This paper employs a systematic literature review on best practice models and mechanism of current tawarruq application. The outcome of the research helps to understand the modus operandi of tawarruq transactions practically with a view towards understanding its future prospects in the era of Fintech. It is envisaged that this research will assist the growing understanding of the existing application of tawarruq in Islamic banking as well as its future development using technology.

scholarly journals ISLAMIC BANKING AND FINANCE AS AN ETHICAL ALTERNATIVE: A SYSTEMATIC LITERATURE REVIEW

2017 ◽  
Author(s):  
Othmar Manfred Lehner
Keyword(s):  
Literature Review ◽  
Systematic Literature Review ◽  
Growth Rates ◽  
Business Models ◽  
Western World ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Finance System ◽  
Banking And Finance ◽  
Global Growth

Despite huge global growth rates and a rapidly increasing importance ofIslamic banking and finance, research in this area still needs to be classified asnascent. Recent economic events have led to an increasingly critical attitudetowards the conventional banking and finance system, whereas Islamic banking isconsidered to be an ethical alternative not only in Muslim economies but alsoprogressively in the “western” world. As their business models have their originsin religious and ethical ideals, Islamic banks struggle to observe the foundationalShariah principles while simultaneously meeting applicable guidelines such asBasel III and flexibly adapt to the ever changing customer demands. Due to theincreasing importance of Islamic banking and finance, this article aims to analyseand summarise various aspects of current research and sets out to identify both,congruence and inconsistencies between the implied promise of an “ethical”alternative and the actual market.

scholarly journals Best practice for motor imagery: a systematic literature review on motor imagery training elements in five different disciplines

BMC Medicine ◽  
2011 ◽  
Vol 9 (1) ◽  
Author(s):  
Corina Schuster ◽  
Roger Hilfiker ◽  
Oliver Amft ◽  
Anne Scheidhauer ◽  
Brian Andrews ◽  
...  
Keyword(s):  
Literature Review ◽  
Motor Imagery ◽  
Systematic Literature Review ◽  
Best Practice ◽  
Imagery Training

scholarly journals Anti-Human Trafficking Campaigns

2018 ◽  
Vol 24 (2) ◽  
pp. 104-122 ◽  
Author(s):  
Natalia Szablewska ◽  
Krzysztof Kubacki
Keyword(s):  
Literature Review ◽  
Human Trafficking ◽  
Social Marketing ◽  
Systematic Literature Review ◽  
Thematic Analysis ◽  
Future Development ◽  
Evidence Base ◽  
Vulnerable Groups ◽  
The Future

This study aims to systematically identify and review studies on anti-human trafficking campaigns published in peer-reviewed journals to determine the extent to which such campaigns have been critically and rigorously evaluated so as to guide future policies and practice in this area and to identify the main characteristics, problems, and challenges associated with the campaigns in the identified studies. This systematic literature review identified 16 studies that have assessed anti-human trafficking campaigns but found that none of these included outcome, process, or impact evaluations. As identified in our study, anti-human trafficking campaigns tend to rely on advertising techniques to target vulnerable groups and the wider public, with the primary aim of informing and educating. Further, a thematic analysis of the studies identified problems in eight areas that require attention in the future development of anti-human trafficking campaigns: stereotyping, compounding human trafficking with migration, conflating prostitution with human trafficking, sexualization/erotization of women, victimization, role of anti-human trafficking organizations, data shortcomings, and oversimplification of human trafficking. Studies presenting the results of evaluations of social marketing anti-human trafficking campaigns are urgently needed to show which social marketing tools work and to provide an evidence base for future campaigns.

Islamic Banking in GCC

2020 ◽  
pp. 1-16
Author(s):  
Eda Orhun
Keyword(s):  
Financial Crisis ◽  
Literature Review ◽  
Performance Comparison ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Financial Products ◽  
Gcc Countries ◽  
Before And After ◽  
Time Periods ◽  
Conventional Banks

This chapter offers a literature review discussing the origin, history, and the growth of Islamic Banking, especially in the GCC countries. It provides detailed information regarding how Islamic Banking evolved throughout the years and what are the current Islamic financial products. Another interesting topic covered in this literature review is the performance comparison of Islamic and conventional banks during different time periods. Accordingly, the chapter explores how the financial standing of Islamic banks altered in comparison to conventional banks before and after the financial crisis of 2008 by presenting earlier studies from various countries. It is concluded that some potential challenges and future opportunities of the Islamic Banking are yet to be explored.

House financing: contracts used by Islamic banks for finished properties in Malaysia

2020 ◽  
Vol 11 (1) ◽  
pp. 168-178 ◽  
Author(s):  
Aishath Muneeza ◽  
Muhammad Fahmi Fauzi ◽  
Muhammad Faisal Bin Mat Nor ◽  
Mohamed Abideen ◽  
Muhammed Maher Ajroudi
Keyword(s):  
Research Finding ◽  
Design Methodology ◽  
Banking Industry ◽  
New Products ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Modus Operandi ◽  
Content Type ◽  
Secondary Sources ◽  
Insight Into

Purpose The purpose of this paper is to find out the existing practices of the Islamic banks in providing financing to the customers who have a requirement to purchase a finished property and to examine the existing products used by the Islamic banks in this regard by providing an insight into the modus operandi of these products. In doing this, attempt is made to find out the most famous product offered by the Islamic banks in this regard and to find out whether in reality, Malaysian Islamic banking industry has moved away from Bai Bithaman Ajil (BBA) or not. Design/methodology/approach This is a qualitative research, largely library-based, and it will consist of secondary sources such as books, journals, articles and other sources related to the Islamic house financing in Malaysia for finished properties. Recent information of the practises of the banks in this regard is obtained from the official websites of the banks. Findings It is found from this study that majority of Islamic Banks in Malaysia prefer to use the Commodity Murabahah facility for finished property. This finding contradicts with the observations made by some scholars who state that in Malaysia, BBA was initially used, and nowadays, the use of Musharakah Mutanaqisah is more common. The reason why Commodity Murbahah has gained popularity is because of the fact that via the Bursa Suq Al Sila platform, it is easy, swift, reliable, profitable, cheaper, convenient and has zero risk to do this type of transaction at the comfort of the office. It is recommended in this paper to use Musharakah Mutanaqisah, as this contract is an innovative contract that is classified as an equity contract under shariah where risk is shared between the parties. There is need to conduct further research to implement Musharakah Mutanaqisah in Malaysia, specifically to reduce the risk that Islamic Banks will bear by practicing this contract. Originality/value The findings of this paper might create confusion among readers, as some may perceive that the finding of the paper is not new as BBA has been dominating Islamic house financing industry from the inception of Islamic banking in the country, and BBA and Murabahah are similar in nature, and as such, commodity Murabahah is also a Murabahah transaction. The reality that needs to be understood is that the way BBA was or is practised in Malaysia in relation to Islamic house financing is that in the name of BBA, the transaction actually followed the Bai’ ‘inah contract, which is a controversial contract among the shariah scholars. Likewise, commodity Murabahah is also a different contract than Murabahah, as it actually refers to tawarruq. As such, this research finding is important to the Islamic banking industry to understand that Malaysia has moved away from the Bai’ ‘inah contract practised in the name of BBA in Islamic house financing, and there are new products introduced by the Islamic banks in Malaysia to replace this practice which were criticised by Shariah scholars.

scholarly journals Data Mining Research with In-copyright and Use-limited Text Datasets: Preliminary Findings from a Systematic Literature Review and Stakeholder Interviews

2018 ◽  
Vol 13 (1) ◽  
pp. 183-194 ◽  
Author(s):  
Megan Senseney ◽  
Eleanor Dickson ◽  
Beth Namachchivaya ◽  
Bertram Ludäscher
Keyword(s):  
Data Mining ◽  
Intellectual Property ◽  
Literature Review ◽  
Systematic Literature Review ◽  
Best Practice ◽  
Digital Publishing ◽  
Text Data ◽  
Text Data Mining ◽  
Distributed Approach ◽  
Public Campaign

Text data mining and analysis has emerged as a viable research method for scholars, following the growth of mass digitization, digital publishing, and scholarly interest in data re-use. Yet the texts that comprise datasets for analysis are frequently protected by copyright or other intellectual property rights that limit their access and use. This article discusses the role of libraries at the intersection of data mining and intellectual property, asserting that academic libraries are vital partners in enabling scholars to effectively incorporate text data mining into their research. We report on activities leading up to an IMLS-funded National Forum of stakeholders and discuss preliminary findings from a systematic literature review, as well as initial results of interviews with forum stakeholders. Emerging themes suggest the need for a multi-pronged distributed approach that includes a public campaign for building awareness and advocacy, development of best practice guides for library support services and training, and international efforts toward data standardization and copyright harmonization.

scholarly journals Analisis Market Share Perbankan Syariah di Indonesia

At-Taqaddum ◽  
2020 ◽  
Vol 12 (2) ◽  
pp. 183-200
Author(s):  
Ahmad Rifqi Hidayat ◽  
Aidha Trisanty
Keyword(s):  
Data Collection ◽  
Literature Review ◽  
Market Share ◽  
Secondary Data ◽  
Quantitative Approach ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Improvement Strategy ◽  
Collection Method ◽  
Communication Method

The majority of Indonesia's population is Muslim. Ideally, the development of Islamic banking in Indonesia runs significantly, but the facts show that the market share of Islamic banks is still relatively small. This article aims to analyze the market share of Islamic banking in Indonesia. This study uses a descriptive quantitative approach. The data collection method used is the non-communication method, namely in the form of observation, literature review and experimentation through secondary data. Based on the results of the analysis and discussion, it shows that the market share of Islamic banking in Indonesia is still relatively low. The factors causing the low market share of Islamic banks and the improvement strategy are focused on three sides: Islamic banks' internal elements, aspects of government, regulators, and characteristics of society. In the future, there is a need for strategic steps from all parties to increase the market share of Islamic Banking in Indonesia.

Risk and Islamic Finance

2020 ◽  
pp. 441-454
Author(s):  
Zubair Hasan
Keyword(s):  
Risk Management ◽  
Financial Crises ◽  
Risk Sharing ◽  
Current Practice ◽  
Islamic Finance ◽  
Islamic Banking ◽  
Islamic Banks ◽  
Future Prospects

The discussions on risk – its bearing, sharing, or transfer – have recently assumed prominence in Islamic finance literature in the wake of devastations the 2007-2008 financial crises unleashed across nations. Islamic scholars were quick to claim that there was no impact of the crisis on Islamic banks because they worked on a risk-sharing principle. In contrast, mainstream institutions suffered because they worked on a different plank – the transference of risk to other parties. This Chapter argues that neither the current practice of Islamic banking supports risk sharing as its sole principle nor do its future prospects depend on it. The proposition only seeks to put Islamic finance on a non-existent trajectory. It clarifies confusion regarding the proposition and some of its corollaries. Contextually, it deals with measurement of risk, its relationship with return to capital, and its distributional equitability. The focus of the Chapter is rather restricted. It does not deal with various types of risks the banks face in their financing activities or with issues in risk management.

scholarly journals The Role of Top Managers in Implementing Corporate Sustainability—A Systematic Literature Review on Small and Medium-Sized Enterprises

2021 ◽  
Vol 11 (2) ◽  
pp. 44
Author(s):  
Jannika Kutzschbach ◽  
Parvina Tanikulova ◽  
Rainer Lueg
Keyword(s):  
Literature Review ◽  
Systematic Literature Review ◽  
Best Practice ◽  
Corporate Sustainability ◽  
Bottom Line ◽  
Upper Echelon ◽  
Upper Echelon Theory ◽  
Current State ◽  
Top Managers ◽  
State Of Research

This systematic literature review investigates whether corporate sustainability (CS), according to the tribble bottom line concept (TBL), is implemented in small and medium-sized enterprises (SMEs) and further identifies associated drivers. Building on upper echelon theory (UET) and the Schwartz value system (SVS) this study aims to analyze and contextualize extant empirical research. We developed a PRISMA-based framework to select relevant studies systematically. Based on an initial sample of 1249 articles between 2000 and 2020, we provide critical analysis of 31 best practice, peer-reviewed journal articles. Our findings suggest seven specifications of CS in SMEs that are driven by either internal or external motivations. Our review reveals that, overwhelmingly, SMEs engage in CS but fail to report it (“green blushing”). Furthermore, we find that the top managers of SMEs are a huge driver of CS. Oftentimes, they are even pioneers of good social and environmental practices. Finally, we identify four value dimensions (benevolence, achievement, power, and conformity values) according to the dimensions of the SVS that drive SMEs’ top managers’ engagement in CS. We contribute to the current state of research by conducting the first literature review that exclusively investigates how SMEs’ executives influence the enterprise’s commitment towards CS, based on the UET and the SVS. Thereby, we discuss implications and provide valuable recommendations for researchers, practitioners, and regulators alike.

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