The ASEAN Market: Cross-Border Collaboration in Islamic Finance between Malaysia and Thailand

2017 ◽  
Vol 04 ◽  
pp. 21-39 ◽  
Author(s):  
Sheila Ainon Yussof ◽  
◽  
Razali Haron ◽  
Keyword(s):  
2021 ◽  
Vol 97 (6) ◽  
pp. 1749-1765
Author(s):  
Claire Elder

Abstract Somaliland's endurance as Africa's longest de facto state has for decades preoccupied scholarship on state formation and democratization. The prevailing democratic success narrative has, however, downplayed the complex internal political dynamics and crises that have characterized Somaliland's independence since 1991. Relying on a number of robust resources, including 110 interviews and archival work conducted in Somaliland from 2015 until 2021, this article examines at close range Somaliland's political economy and provides a more cautious assessment of Somaliland's democratization trajectory. It argues that the political authority of cross-border oligarchic–corporate structures and the securitization of aid created an ‘oligopolistic state’ and ‘peaceocracy’ rather than a national, democratic government. This analysis highlights how de facto states struggle to balance political control and financial hardship generating creative and uneven governance structures. This study also raises important questions about how donors in the Gulf and in Asia provide new opportunities for recognition through Islamic finance and business that may affect de facto states' commitments to democratization. Finally, it contributes to theorizing about the ideologies of privatized governance that emerge in peripheral and developing economies and the political consequences of perennial non-recognition.


2019 ◽  
Vol 6 (1) ◽  
pp. 24-40 ◽  
Author(s):  
JinZi Chu ◽  
Aishath Muneeza

China’s One Belt and One Road (OBOR) is a global trade network across Asia, Africa, Europe and Oceania. Also known as Belt and Road Initiative (BRI), OBOR is an attempt to redraw ancient Silk Road to foster global trade and economic development. Nearly 30 Muslims-majority countries are part of China’s vision of BRI. The purpose of this paper is twofold: first, to investigate how public private partnership (PPP) has been applied in BRI projects; and second, to explore how Islamic finance can fit within a PPP context. This paper proposes a framework for using Islamic finance in infrastructure PPP projects. This paper also analyses two PPP projects where Islamic finance was deployed as project financing. It is hoped that the discussed risks and outcome of the study will assist in integration of Islamic finance in infrastructure projects that will create efficiency in processes in cross-border cooperation.


2016 ◽  
Vol 30 (2) ◽  
pp. 107-137 ◽  
Author(s):  
Umar A. Oseni ◽  
Abu Umar Faruq Ahmad ◽  
M. Kabir Hassan

This article examines the occurrence and legal implications of ‘fatwā shopping’ in the Islamic finance industry and the need to put the proper legal mechanisms in place to regulate the phenomenon. It provides a case study of the existing legal restrictions in some jurisdictions with a centralised Sharīʿah Supervisory Board at the national level such as in Malaysia. As a preliminary review of the implications of ‘fatwā shopping’ in the industry, this study examines the consequential problems, current perceptions and prospects of such practice. The study finds that instances of ‘fatwā shopping’ are common in cross-border Islamic finance transactions such as cross-border ṣukūk transactions where there is less regulation.


2013 ◽  
Author(s):  
Sethapong Jarusombathi ◽  
◽  
Pimnapa Pongsayaporn ◽  
Veeris Amalapala

2020 ◽  
Vol 17 (4) ◽  
pp. 499-509
Author(s):  
Ágnes Erőss ◽  
Monika Mária Váradi ◽  
Doris Wastl-Walter

In post-Socialist countries, cross-border labour migration has become a common individual and family livelihood strategy. The paper is based on the analysis of semi-structured interviews conducted with two ethnic Hungarian women whose lives have been significantly reshaped by cross-border migration. Focusing on the interplay of gender and cross-border migration, our aim is to reveal how gender roles and boundaries are reinforced and repositioned by labour migration in the post-socialist context where both the socialist dual-earner model and conventional ideas of family and gender roles simultaneously prevail. We found that cross-border migration challenged these women to pursue diverse strategies to balance their roles of breadwinner, wife, and mother responsible for reproductive work. Nevertheless, the boundaries between female and male work or status were neither discursively nor in practice transgressed. Thus, the effect of cross-border migration on altering gender boundaries in post-socialist peripheries is limited.


2020 ◽  
Vol 17 (1) ◽  
pp. 125-138
Author(s):  
Zeynep Sahin Mencütek

Transnational activities of refugees in the Global North have been long studied, while those of the Global South, which host the majority of displaced people, have not yet received adequate scholarly attention. Drawing from refugee studies, transnationalism and diaspora studies, the article focuses on the emerging transnational practices and capabilities of displaced Syrians in Turkey. Relying on qualitative data drawn from interviews in Şanlıurfa – a border province in south-eastern Turkey that hosts half a million Syrians - the paper demonstrates the variations in the types and intensity of Syrians’ transnational activities and capabilities. It describes the low level of individual engagement of Syrians in terms of communicating with relatives and paying short visits to the hometowns as well as the intentional disassociation of young refugees from homeland politics. At the level of Syrian grassroots organisations, there have been mixed engagement initiatives emerging out of sustained cross-border processes. Syrians with higher economic capital and secured legal status have formed some economic, political, and cultural institutional channels, focusing more on empowerment and solidarity in the receiving country than on plans for advancement in the country of origin. Institutional attempts are not mature enough and can be classified as transnational capabilities, rather than actual activities that allow for applying pressure on the host and home governments. This situation can be attributed to the lack of political and economic security in the receiving country as well as no prospects for the stability in the country of origin. The study also concerns questions about the conceptual debates on the issue of refugee diaspora. Whilst there are clear signs of diaspora formation of the Syrian refugee communities, perhaps it is still premature to term Syrians in Turkey as refugee diaspora.


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