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 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.

Islamic Banking and Finance in Theory and Practice

2005 ◽  
Vol 22 (2) ◽  
pp. 69-86 ◽  
Author(s):  
Abdus Samad ◽  
Norman D. Gardner ◽  
Bradley J. Cook
Keyword(s):  
Financial System ◽  
Primary Objective ◽  
Theory And Practice ◽  
Islamic Banking ◽  
Relative Importance ◽  
Islamic Banks ◽  
Equity Financing ◽  
Banking And Finance ◽  
Financial Products ◽  
Islamic Bank

This paper’s primary objective is to identify the relative importance of various Islamic financial products, in theory and in practice, by examining the financing records of the Bank Islam Malaysia (Berhad) and the Bahrain Islamic Bank. Currently, seven available Islamic financing products are considered viable alternatives to interest-based conventional contracts: mudarabah (trust financing), musharakah (equity financing), ijarah (lease financing), murabahah (trade financing), qard al-hassan (welfare loan), bay` bi al-thaman al-ajil (deferred payment financing), and istisna` (progressive payments). Among these financial products, mudarabah and musharakah are the most distinct. Their unique characteristics (at least in theory) make Islamic banks and Islamic financing viable alternatives to the conventional interest-based financial system. The question before us is to determine the extent of mudarabah and musharakah in Islamic financing in practice. The data are as follows: the average mudarabah is 5% of total financing, and the average musharakah is less than 3%. The combined average of mudarabah and musharakah for the two Islamic banks is less than 4% of the total finance and advances. The average qard al- hassan is about 4%, while istisna` does not yet exist in practice. Murabahah is the most popular and dominates all other modes of Islamic financing. The average use of murabahah is over 54%. When the bay` bi al-thaman al-ajil is added to the murabahah, the percentage of total financing is shown to be 2.68%. This paper also explores some possible reasons why these two Islamic banks appear to prefer murabahah to mudarabah and musharakah.

Digital transformation of organizations: what do we know and where to go next?

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Monika Jedynak ◽  
Wojciech Czakon ◽  
Aneta Kuźniarska ◽  
Karolina Mania
Keyword(s):  
Literature Review ◽  
Systematic Literature Review ◽  
Business Models ◽  
Grey Literature ◽  
Blind Spot ◽  
Digital Transformation ◽  
Academic Disciplines ◽  
Future Research ◽  
Content Type ◽  
Management Domain

PurposeThe purpose of this paper is to identify the development of the digital transformation literature and to the systematic literature review methodology.Design/methodology/approachThe authors run a systematic literature review, followed by a rigorous thematic analysis of both academic and grey literature dataset, in order to develop a conceptual map of organizations' digital transformation. The authors aggregate the concepts and topics identified across the literature to find that they overwhelmingly tackle digital business models. At the same time, the authors identify a major blind spot resulting from ignoring the organization itself as a unit of analysis.FindingsThe findings show that developing a digital theory of the organization or the theory of digitally transformed organization is a major challenge to management researchers. The analysis exposed numerous research gaps that can be helpful for future research directions.Originality/valueDigital transformation research enjoys an increasingly rapid rise to recognition across many academic disciplines and strongly impacts the management domain. adopt the view that published documents reflect the collective understanding of a phenomenon. This paper contributes to filtering the digital transformation literature, clarify complex relation between digital transformations of organizations and identify the key blind points.

Alternatives to solve SDG trade-offs and to enforce SDG synergies: a systematic literature review

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Andrei Boar ◽  
Erola Palau Pinyana ◽  
Marc Oliveras-Villanueva
Keyword(s):  
Sustainable Development ◽  
Developing Countries ◽  
Literature Review ◽  
Systematic Literature Review ◽  
Business Models ◽  
Economic Models ◽  
Clean Energy ◽  
Content Type ◽  
Trade Offs

PurposeThis paper takes a critical view of synergies and trade-offs and discloses the practices that countries and companies should apply to achieve sustainable development.Design/methodology/approachThis paper offers a systematic literature review of 408 papers to find models of sustainable development goals (SDGs) interaction with the aim of shedding light on the existing synergies and trade-offs and finding solutions to enhance these synergies and minimize the trade-offs.FindingsBoth rich and developing countries should follow multiple strategies to improve the quality of life of their citizens. Developing countries should focus on eradicating poverty. Rich countries should apply new economic models that are more likely to be environmental-friendly. Finally, the topic of SDGs should be revisited by the United Nations.Practical implicationsBoosting the quality of education and providing clean energy are two of the most relevant actions that should to be taken by countries, as they will accelerate the fulfilment of all the other SDGs. The use of circular economic models or new business models, such as the sharing economy, is essential to the achievement of sustained economic growth without negative environmental impact.Originality/valueThe paper analyzes SDG interactions and offers a critical vision of practices that countries and companies should adhere to for achieving sustainable development.

scholarly journals Smart Manufacturing Systems and Applied Industrial Technologies for a Sustainable Industry: A Systematic Literature Review

2020 ◽  
Vol 10 (8) ◽  
pp. 2897
Author(s):  
Raffaele Cioffi ◽  
Marta Travaglioni ◽  
Giuseppina Piscitelli ◽  
Antonella Petrillo ◽  
Adele Parmentola
Keyword(s):  
Literature Review ◽  
Systematic Literature Review ◽  
Circular Economy ◽  
Manufacturing Systems ◽  
Business Models ◽  
New Technologies ◽  
Smart Manufacturing ◽  
Smart Devices ◽  
Digital Innovation ◽  
Smart Manufacturing Systems

Smart manufacturing is considered as a new paradigm that makes work smarter and more connected, bringing speed and flexibility through the introduction of digital innovation. Today, digital innovation is closely linked to the “sustainability” of companies. Digital innovation and sustainability are two inseparable principles that are based on the concept of circular economy. Digital innovation enables a circular economy model, promoting the use of solutions like digital platforms, smart devices, and artificial intelligence that help to optimize resources. Thus, the purpose of the research is to present a systematic literature review on what enabling technologies can promote new circular business models. A total of 31 articles were included in the study. Our results showed that realization of the circular economy involved two main changes: (i) managerial changes and (ii) legislative changes. Furthermore, the creation of the circular economy can certainly be facilitated by innovation, especially through the introduction of new technologies and through the introduction of digital innovations.

Innovative drivers for family business models in tourism

2020 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Gabriella Arcese ◽  
Marco Valeri ◽  
Stefano Poponi ◽  
Grazia Chiara Elmo
Keyword(s):  
Literature Review ◽  
Business Model ◽  
Family Business ◽  
Systematic Literature Review ◽  
Business Models ◽  
Extensive Literature ◽  
Family Needs ◽  
Content Type ◽  
Tourism Sector ◽  
Innovation Dynamics

PurposeThe aim of this paper is to verify whether, in the tourism sector, the “family business model” is an important development opportunity and, in particular, if it is an innovation driver for this industry development. In the literature, there is no conclusive evidence of this for the tourism sector. In this context, the authors investigate personal and family needs and preferences alongside the relationship between family business model, growth and profit maximization and the development of tourism businesses through innovation drivers.Design/methodology/approachTo develop this topic, the authors conducted an extensive literature review considering the scientific papers published and contained mainly in database in the last 10 years (2010–2020) and focused the attention on the last five years. The authors ran content and structural analysis on the collected sources by main scientific databases (EBSCO, Scopus, Thomson Reuter, etc.). Based on a systematic literature review, the analysis was conducted using statistical criteria and bibliometric indicators. In detail, the authors used systematic literature review, bibliometric analysis and automatic text analysis (ATA) tools for identified lexicon analysis and strategic keywords and used statistical correlation to classify the different approaches in the literature and to outline the orientations of the various research groups.FindingsFrom this analysis, the correlation between tourism, hospitality, entrepreneurship, life cycle and innovation dynamics was analysed. Important research gaps are identified, and future research priorities are suggested. Implications for both family business and tourism theory are discussed.Originality/valueWhile the intersection between tourism management and family business model has been established in the literature, the number of related publications is still limited. Against this background, a literature review as a total analysis was an adequate and practicable research methodology. This paper proposes a comprehensive literature review and a reflection on the potential developments and applications for family business in the tourism sector. Authors also suggest several research directions that have not been adequately investigated yet. In particular, scholars do not seem to have caught all the implications of innovation adoption, especially for SMEs and family ownerships in tourism.

Designing business models in circular economy: A systematic literature review and research agenda

2020 ◽  
Vol 29 (4) ◽  
pp. 1734-1749 ◽  
Author(s):  
Piera Centobelli ◽  
Roberto Cerchione ◽  
Davide Chiaroni ◽  
Pasquale Del Vecchio ◽  
Andrea Urbinati
Keyword(s):  
Literature Review ◽  
Systematic Literature Review ◽  
Circular Economy ◽  
Research Agenda ◽  
Business Models
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