scholarly journals COVID-19 AS WAKE-UP CALL TO RECONSIDER THE MAINSTREAM FINANCIAL PRACTICES: ISLAMIC FINANCE PERSPECTIVE

2021 ◽  
Vol 6 (1) ◽  
pp. 47
Author(s):  
Khaled Nour Aldeen
Keyword(s):  
Financial System ◽  
Primary Sources ◽  
Online Resources ◽  
Islamic Finance ◽  
Future Research ◽  
Unique Contribution ◽  
Islamic Ethics ◽  
Secondary Sources ◽  
Financial Transactions ◽  
The Impact

This paper aims to present recommendations that can immune a conventional financial system against the global crisis, particularly the Covid-19 pandemic crisis from the lens of Islamic finance. This paper contends that Islamic finance is a relatively immune financial system comparing to the mainstream financial system by eliminating Riba and considering only asset-backed transactions as fruitful ones. This paper begins with the conceptual investigation of the literature on the principles of Islamic finance. The literature’s origins include primary sources (Quraan and hadith) and secondary sources (books, journals, and online resources). This paper is only conceptual and does not aim to examine the issues or theories empirically. The article will be useful to develop hypotheses for future research, especially in Islamic finance. Islamic concepts will of interest, especially for countries that adopt the conventional financial system. This paper will also be useful in the introduction for both Islamic and conventional finance practitioners alike. This paper provides a conceptual model to substitute the dominant conventional economics. Highlights the necessary steps to reconsider the conventional financial system. Islamic finance can mitigate the impact of COVID-19 on the economies mainly because of the PLS (profit-loss sharing) system and Islamic ethics in financial transactions. The paper shows its originality in substance and makes a unique contribution to the literature on systems and ethics by emphasizing Islamic finance practices approaching an effective alternative to conventional finance. Keywords: Islamic finance, mainstream finance, Covid-19JEL Classifications: G00, Y9 

Personality and contextual antecedents of organizational citizenship behavior: A study of two occupational groups

2014 ◽  
Vol 20 (4) ◽  
pp. 441-462 ◽  
Author(s):  
Pinar H. Imer ◽  
Hayat Kabasakal ◽  
Ali Dastmalchian
Keyword(s):  
Organizational Commitment ◽  
Organizational Citizenship ◽  
Organizational Citizenship Behavior ◽  
Civic Virtue ◽  
Helping Behavior ◽  
Three Dimensions ◽  
Future Research ◽  
Unique Contribution ◽  
Occupational Groups ◽  
The Impact

AbstractThis paper examines the impact of personality trait of dispositional affect and contextual variables of multiple commitments on organizational citizenship behaviors (OCBs) in two occupational groups. Three dimensions of OCBs were considered: helping, civic virtue and sportsmanship behaviors. We used positive and negative affectivity scale to measure dispositional affect. For commitments, we examined affective and normative organizational and occupational commitments. The data were collected from 180 engineers and 180 teachers. The findings show that affect, multiple commitments and occupation all have significant impacts on different dimensions of OCBs. Dispositional affect had the most influence on all three dimensions of OCBs. In addition, helping behavior is affected by normative organizational commitment while civic virtue behavior is influenced by affective commitments (both organizational and occupational) and occupation. Sportsmanship behavior is explained by occupation and affective organizational commitment. Occupation has been shown to make a unique contribution to understanding OCBs. The present study showed that the teachers, for example, exhibited more civic virtue and sportsmanship behaviors than the engineers. Implications of the findings for future research and practice are discussed.

scholarly journals Islamic Banking: The Firewall Against The Global Financial Crisis

2011 ◽  
Vol 28 (1) ◽  
pp. 9 ◽  
Author(s):  
Rohana Othman ◽  
Nooraslinda Abdul Aris ◽  
Rafidah Mohd Azli ◽  
Roshayani Arshad
Keyword(s):  
Financial Crisis ◽  
Global Financial Crisis ◽  
Free Market ◽  
Financial System ◽  
Capitalist System ◽  
Islamic Economic ◽  
The Global Financial Crisis ◽  
Financial Transactions ◽  
The Impact ◽  
Fundamental Values

The global financial crisis that devastated many of the worlds financial systems in a manner never seen before exposed the glaring weakness in risk management and interest-driven policies. The crisis brought the collapse of several iconic financial institutions once perceived to be too strong to capitulate. The crisis engulfed one economy after another from corporations to eventually bring about the collapse of governments of countries reeling from the impact of the crisis. Asset values plummeted and the crisis clearly demonstrated the fragility of the western capitalist system and the free market economy. The Islamic economic and financial system is anchored on universal honorable values, ideals and morals - honesty, credibility, transparency, co-operation and solidarity. These fundamental values uphold stability, security and safety in any financial transactions. Of paramount consideration is that the Shariah prohibits any economic and financial transactions that involve usury, lying, gambling, cheating, unsubstantiated risk or uncertainty (gharar), monopoly, exploitation, greed, unfairness and taking other peoples money unjustly. Another key aspect to the philosophy behind the Islamic financial system is money issued must be fully asset backed. It is impermissible to allow money to be traded for money except at par. Islam is not just the prohibition of riba and zakah (alms); it is a comprehensive system to fulfill societys basic necessities (food, clothing and shelter). History has demonstrated that Islam has the capacity to deliver and has succeeded in providing a viable economic system.

Part VII International Securities, Including Markets and Clearing Systems, 24 Islamic Capital Markets

2021 ◽  
Author(s):  
Casey Peter
Keyword(s):  
United Arab Emirates ◽  
Legal Reasoning ◽  
Primary Sources ◽  
Islamic Finance ◽  
Way Of Life ◽  
Financial Contracts ◽  
Colonial Era ◽  
Secondary Sources ◽  
Islamic Bank ◽  
Rules And Principles

This chapter focuses on Islamic finance, which refers to financial activities conducted through a variety of financial contracts that comply with Shar?ah rules and principles as derived from primary and secondary sources. It explains the primary sources are the Quran, the Holy Book of the Muslims, and the Sunnah, the way of life prescribed as normative in Islam. It also mentions the secondary sources, which refer to the conclusions of legal reasoning by approved techniques and competent scholars. This chapter discusses modern Islamic finance, which can be seen as a product of the end of the colonial era. It notes that the first Islamic bank, a savings association, was established in Egypt in 1961 and the first modern commercial Islamic bank, Dubai Islamic Bank, was established in the United Arab Emirates in 1975.

scholarly journals Notas bibliográfico-críticas de filología castellana medieval = Critical Bibliographical Notes on Medieval Castilian Philology

2019 ◽  
pp. 501
Author(s):  
Francisco Abad Nebot
Keyword(s):  
Primary Sources ◽  
Future Research ◽  
Secondary Sources ◽  
Language And Literature ◽  
Language Literature

Los presentes párrafos indican fuentes primarias o secundarias acerca de la lengua y la  literatura castellanas medievales; se analizan las primeras, y se orienta acerca de las segundas. Se trata de mantener un punto de vista específicamente filológico y atento, por lo tanto, a lengua, literatura e historia.AbstractThe following study identifies primary and secondary sources of medieval Castilian language and literature: primary sources will be analysed, while secondary sources will merely be commented for future research. This article adopts a strictly philological approach and hence will focus on language, literature and history.

IMPACT OF CHANGES IN ORGANIZATION OF TROLLEYBUS LINE NO. 29 IN GDYNIA ON PASSENGERS’ TRAVEL BEHAVIOUR

2017 ◽  
Vol 70 (0) ◽  
pp. 109-117
Author(s):  
Aleksander Jagiełło ◽  
Paweł Gałka
Keyword(s):  
Travel Behaviour ◽  
Transport Infrastructure ◽  
Primary Sources ◽  
Rolling Stock ◽  
Face To Face ◽  
Secondary Sources ◽  
Research Findings ◽  
Residential District ◽  
The Impact

This article provides research findings on the impact of changes in the organization of trolleybus line No. 29 on passengers’ travel behaviour, in particular the inhabitants of Fikakowo residential district in Gdynia. The article comprises the following sections: introduction, characteristics of line No. 29 and transport infrastructure and rolling stock in operation, presentation of the results of own studies and conclusion. In the article secondary sources were used (overview of literature and the organizer’s internal materials) as well as the primary sources (results of own research conducted under method of face-to-face, individual and standardized interviews).

Transitional leadership to resolve conflict, facilitate change and restore wellbeing

2019 ◽  
Vol 27 (4) ◽  
pp. 1053-1072
Author(s):  
Tim J. Pratt ◽  
Roy K. Smollan ◽  
Edwina Pio
Keyword(s):  
Small Sample Size ◽  
Well Being ◽  
Small Sample ◽  
Future Research ◽  
Unique Contribution ◽  
Content Type ◽  
Non Profit ◽  
Transitional Leadership ◽  
The Impact ◽  
Christian Denomination

Purpose This paper aims to explore the experiences of church ministers who played the role of transitional leaders in congregational situations involving conflict. Design/methodology/approach Grounded theory was chosen as a suitable approach to investigate phenomena that occasionally penetrate religious publications and even less frequently scholarly management journals. Accordingly, in-depth interviews were conducted with six church ministers who had been transitional leaders in one Christian denomination in New Zealand. Findings Participants indicated that the drivers of transitional ministry were conflict, dysfunction and loss of direction; the goals were to heal the damage caused by conflict and restore functionality and well-being; the process, underpinned by a leadership philosophy of affirmation, trust-building, engagement and communication, involved working with church members to instil hope, establish operational structures, identify and resolve dysfunction, envision a future and ultimately recruit a permanent minister. Research limitations/implications The limitations of a small sample size in one Christian denomination could be addressed by using wider samples in other contexts. It is suggested that insights into transitional leadership after conflict will be of interest to researchers as well as practitioners in other religious organizations, the wider non-profit sector and the private sector. Future research into the impact of transitional leadership, against a background of conflict and organizational change, will add to this empirical foundation. Originality/value The model of transitional ministry is a unique contribution to religious literature and practice. It also offers insight into how other types of organization could deal with the exit of its permanent leader, in circumstances of conflict, and manage the transition phase of a temporary replacement, so that the organization returns to a state of well-being with a renewed sense of purpose.

scholarly journals Higher Education and Graduate Employment in Albania

2014 ◽  
Vol 1 (1) ◽  
pp. 24
Author(s):  
Armanda Keqi
Keyword(s):  
Higher Education ◽  
Foreign Students ◽  
Public Universities ◽  
Economic Transition ◽  
Primary Sources ◽  
Key Factors ◽  
The Public ◽  
Secondary Sources ◽  
The Social ◽  
The Impact

In the social and economic transition, the Higher Education in Albania has tremendously ocercomed its capacities and the opportunities offered. Albania is considered the champion country in Europe for the high number of universities. Besides the public universities, in the country also operate dozens of private universities. in Albania there are about 20 universities per million inhabitants, (161500 students for a population of 2,8 million people), nearly eight times more than countries like UK that have internationalized higher education and have a very large percentage of foreign students. This paper takes into account the development of higher education and the responsible institutions of this development during the transition in Albania, the current structure of universities, the financial problems and the reform of higher education. It also examines issues such as: the measurement of quality, the ranking and the competition between public universities and private institutions. Then the focus of the paper runs on the employment of the young graduates who have finished albanian universities in the last five years. Firstly, relying on foreign literature, I have analyzed some of the main models of employment of graduates, their skills in the labor market, and also the changes that have occurred in the careers of the graduates in the last century. for the extraction of data are used questionnaires distributed electronically to over 230 employees that have brought significant conclusions about the employment of graduates in Albania, as well as the impact of such factors as: GPA, the training, the number of foreign languages spoken and other qualifications and skills that affect the level of salary and their position at work. Also starting from the above models, the scope is to identify the key elements that affect the careers of albanian graduates, and the key factors that have driven their employment. In the end of the paper are given some conclusions and recommendations on how higher education in Albania should be reformed, given by the sample responses of the interviewers, but also by a concrete analysis of the problems that are facing this sector in Albania, and how this reformation of higher education can increase its fruits on more qualified and employed youths in their respective fields. The methodology used is mainly from primary sources, ranging from the data collected by the respondents, as well as from secondary sources of data published for this area of study. The main limitation of such a work is the limited number of samples under the survey, the data of whom has been generalized for all the population of the paper.

scholarly journals El Instituto Internacional de Agricultura: España y la «cuestión social», 1905-1923

2022 ◽  
Author(s):  
Adrián Sánchez Castillo
Keyword(s):  
20Th Century ◽  
Social Relations ◽  
Primary Sources ◽  
Early 20Th Century ◽  
International Institute ◽  
Secondary Sources ◽  
The Social ◽  
Transnational Connections ◽  
The Impact ◽  
Labour Regulation

In the agrarian context of the early 20th century, networks of experts and interest groups were created. These formed institutions across state borders to achieve prestige derived from their supranational character and ostensible technical and scientific capacity. The objective of this article is to analyse the impact in Spain of the International Institute of Agriculture (IIA), from the year of its creation until the advent of the Primo de Rivera dictatorship, through the lens of the “social question”: a concept that popularized the proposals and disagreements surrounding labour regulation. The research draws from the latest contributions in transnational history and internationalism, recent secondary sources about the IIA and primary sources that reflect how transnational IIA networks worked in and with Spain to address agricultural labour issues. The article concludes that the intensely transnational connections between agrarian elites, owners and technicians in the early 20th century transformed social relations in agriculture and agrarian public policies in Spain.

scholarly journals Barrier To Entry Dalam Kebijakan Undang-Undang Nomor 33 Tahun 2014 Tentang Jaminan Produk Halal Menurut Putusan Dispute Settlement Body Nomor 484 Tentang Kasus Impor Daging Ayam Dan Olahan Daging Ayam Oleh Brazil

2020 ◽  
Vol 2 (1) ◽  
pp. 63-88
Author(s):  
Ahmad Farhan Hadad ◽  
Hasanudin Hasanudin ◽  
Indra Rahmatullah
Keyword(s):  
Dispute Settlement ◽  
Primary Sources ◽  
Secondary Source ◽  
Normative Approach ◽  
Secondary Sources ◽  
Trade Law ◽  
International Trade Law ◽  
Barrier To Entry ◽  
Binding Power ◽  
The Impact

The main problem in this article is how the implementation of halal product guarantees creates a barrier to entry based on Law Number 33 of 2014 concerning Halal Product Guarantee according to the Dispute Settlement Body Decision number 484. The research method uses a juridical normative approach. Juridical normative research has two sources of law, namely primary and secondary sources of law. Primary sources of law refer to the Dispute Settlement Body Decision Number 484 and Law Number 33 of 2014 concerning Halal Product Guarantee. The secondary source of law refers to the book by Huala Adolf entitled International Trade Law. The results of the study indicate that the Dispute Settlement Body decision has binding power for the Indonesian state because Indonesia is part of the WTO. This decision also gave the impact of creating uncertainty in the law, especially regarding the Halal Product Guarantee. The efforts of the Indonesian state to protect the Halal Product Guarantee by making an appeal to the Dispute Settlement Body, although the results are still not in accordance with what Indonesia wants.

The Impact of Servant Leadership on Employees’ Innovative Work Behaviour-Mediating Role of Psychological Empowerment

2019 ◽  
Vol 5 (3) ◽  
pp. 10-21 ◽  
Author(s):  
Naveed Ahmad Faraz ◽  
Muhammad Farhan Mughal ◽  
Fawad Ahmed ◽  
Ali Raza ◽  
Muhammad Khalid Iqbal
Keyword(s):  
Servant Leadership ◽  
Psychological Empowerment ◽  
Idea Generation ◽  
Work Behavior ◽  
Equation Modeling ◽  
Future Research ◽  
Unique Contribution ◽  
Innovative Work Behavior ◽  
Innovative Work ◽  
The Impact

Change is the only constant phenomenon in this world, and organizations can bring it through innovation. This innovation ultimately leads to an organization’s competitive edge and sustainability. Every new idea primarily originates in the minds of individuals, and when it’s implemented successfully, it contributes to overall organizational innovation. Nurturing employees’ innovative work behavior (EIWB) is prudent for every organization looking to enhance its innovative outcomes. This research, at first, aimed to examine the influence of servant leadership (SL) at three distinctive levels of employees’ innovative work behavior (EIWB); namely, idea generation, idea promotion, and idea realization. Then, we investigated the influence of SL on overall EIWB. Finally, employees’ Psychological Empowerment (PE) is assessed as a mediator through which SL exerts its influence on EIWB. Servant leadership in conjunction with Social Exchange theories were used to develop the conceptual model of this research. Cross-sectional data were collected from 283 entry-level officers working in different Power Sector Companies of Pakistan. Partial least squares structural equation modeling (PLS-SEM) was employed through Smart-PLS 3.2.8 software to analyze the hypothesized relationships. The findings of this research show that SL positively influences each stage of EIWB as well as EIWB at an integrated level. Employees’ Psychological Empowerment (PE) partially mediates the positive influence of SL on EIWB. This research is one of the pioneers to examine the influence of SL at different levels of EIWB. Further, investigating employees’ PE as mediating between the relationship of SL and EIWB is also a unique contribution of this research. Besides offering the theoretical and managerial implications, detailed discussion on the results is carried out. Lastly, the limitations of this study and potential avenues for future research are highlighted.

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