scholarly journals The Roles of Corporate Governance Towards Value-Oriented Islamic Finance Practices

2019 ◽  
pp. 1-17
Author(s):  
Zulkifli Hasan
Keyword(s):  
Corporate Governance ◽  
Case Study Research ◽  
Islamic Finance ◽  
The Social ◽  
Islamic Financial Institutions ◽  
Financial Growth ◽  
Secular Humanist ◽  
Corporate Social ◽  
Business Morality

This paper argues that while significant concerns have been invoked on the material aspects of Islamic finance such as financial growth and products sophistication, it is nevertheless observed that equal emphasizes have not been given on social objectives of Islamic Financial Institutions (IFIs) as part of its value-oriented frameworks. In the absence of extensive discourse on corporate governance and its roles on CSR, this paper attempts to highlight the importance of corporate governance in stimulating the social function of IFIs within the Islamic ethical dimension paradigm. This paper aims at expanding the normative objective function of IFIs by advocating corporate social responsibility (CSR) via strengthening the corporate governance framework. Unlike the western concept of corporate governance, which is based on the western business morality that derived from “secular humanist”, this paper suggests that corporate governance in IFIs is founded on the epistemological aspect of Tawhid, Shari’ah and ethics. This paper employs theoretical and case study research method to develop understanding and to advocate the notion of value oriented Islamic finance practices. The study utilizes descriptive, comparative and critical analysis approaches in extracting and analyzing the information.

scholarly journals The Roles of Corporate Governance Towards Value-Oriented Islamic Finance Practices

2019 ◽  
Vol 27 ◽  
pp. 1-17
Author(s):  
Zulkifli Hasan
Keyword(s):  
Corporate Governance ◽  
Case Study Research ◽  
Islamic Finance ◽  
The Social ◽  
Islamic Financial Institutions ◽  
Financial Growth ◽  
Secular Humanist ◽  
Corporate Social ◽  
Business Morality

This paper argues that while significant concerns have been invoked on the material aspects of Islamic finance such as financial growth and products sophistication, it is nevertheless observed that equal emphasizes have not been given on social objectives of Islamic Financial Institutions (IFIs) as part of its value-oriented frameworks. In the absence of extensive discourse on corporate governance and its roles on CSR, this paper attempts to highlight the importance of corporate governance in stimulating the social function of IFIs within the Islamic ethical dimension paradigm. This paper aims at expanding the normative objective function of IFIs by advocating corporate social responsibility (CSR) via strengthening the corporate governance framework. Unlike the western concept of corporate governance, which is based on the western business morality that derived from “secular humanist”, this paper suggests that corporate governance in IFIs is founded on the epistemological aspect of Tawhid, Shari’ah and ethics. This paper employs theoretical and case study research method to develop understanding and to advocate the notion of value oriented Islamic finance practices. The study utilizes descriptive, comparative and critical analysis approaches in extracting and analyzing the information.

From legalism to value-oriented Islamic finance practices

Humanomics ◽  
2016 ◽  
Vol 32 (4) ◽  
pp. 437-458 ◽  
Author(s):  
Zulkifli Bin Hasan
Keyword(s):  
Ethical Issues ◽  
Case Study Research ◽  
Islamic Finance ◽  
Governance System ◽  
Current Form ◽  
Content Type ◽  
Critical Observation ◽  
Governance Practices ◽  
Islamic Financial Institutions

Purpose This paper aims to provide analysis on the state of Islamic finance through critical appraisal on its current form and practices. This paper argues that the current form of Islamic finance practices is due to its legalistic approach and hence requires value-oriented reform. In this regard, Shari’ah governance system can be one of the mechanisms toward such reformation. Design/methodology/approach This paper uses case study research method and comparative studies of other’s works to develop understanding on the extent of Islamic finance practices. The study utilizes descriptive, comparative and critical analysis approaches in extracting and analyzing the information. Findings The literature has indicated the growing frustration of scholars and proponents of Islamic economics on the failure of Islamic finance in addressing the real economic and ethical issues beyond the legal realm of Shari’ah compliance. Legalism leads to a narrow understanding and ignores certain dimensions of Islamic finance practices. Considering all factors and through critical observation, this paper argues that the current form of Islamic finance practices is due to its legalistic approach and hence requires value-oriented reform. At this juncture, the paper suggests that Shari’ah governance system can be one of the mechanisms toward such reformation. Originality/value This paper provides valuable discussion and fresh and recent information on Islamic finance practices, including Shari’ah governance practices of Islamic financial institutions (IFIs) through case studies. The study shares experience of Malaysia in developing its Islamic finance framework and practices from legalistic toward value-oriented approach.

Urgensi Penerapan Islamic Corporate Governance Di Baitul Maal Wat Tamwil (BMT)

2017 ◽  
Vol 23 (1) ◽  
pp. 64-70
Author(s):  
Muh Awal Satrio Nugroho Nugroho
Keyword(s):  
Corporate Governance ◽  
Financial Institutions ◽  
Governance Model ◽  
Western Concept ◽  
Islamic Financial Institutions ◽  
Secular Humanist ◽  
Business Morality ◽  
Corporate Governance Model ◽  
Epistemological Aspect

Islamic corporate governance model in Islam has its own unique features and presents distinctive characteristics in comparison with the western concept .Unlike the western concept of corporate governance which is based on the western business morality that derived from “secular humanist”, the corporate governance in Islamic Financial Institutions is founded on the epistemological aspect of Tawhid,sharia, and ethics.Baitul Maal Wat Tamwil (Islamic micro finance) have to apply Islamic Corporate Governance in order to become the strong and succesfull institution

scholarly journals The Social Balance Sheet as Part of the Annual Report in Financial Institutions. A Case Study: Banco Bilbao Vizcaya Argentaria (BBVA)

2021 ◽  
Vol 13 (6) ◽  
pp. 3075
Author(s):  
Miguel Ángel Martín Valmayor ◽  
Beatriz Duarte Monedero ◽  
Luis A. Gil-Alana
Keyword(s):  
Annual Report ◽  
Economic Value ◽  
Balance Sheet ◽  
Value Added ◽  
Social Value ◽  
Economic Value Added ◽  
The Social ◽  
Social Balance ◽  
Corporate Social

In this paper, we examine the concept of the social balance sheet (SBS) and its evolution in corporate social reports that large companies have to issue today in their yearly statements. The SBS allows companies to evaluate their compliance with corporate social responsibility during a specific period and quantify its level of accomplishment. From a methodological perspective, this research analyzed the information that should be contained in the SBS report comparing economic value added (EVA) with other social value added statements (SVA), analyzing also in detail the case of Spain’s Banco Bilbao Vizcaya Argentaria (BBVA) bank as one of the pioneers in offering social reports. Along with this study, their metrics following EVA were recalculated and a more academic SVA statement was proposed for this specific case.

Consumer reactions towards femvertising: a netnographic study

2021 ◽  
Vol ahead-of-print (ahead-of-print) ◽  
Author(s):  
Ana Marina Lima ◽  
Beatriz Casais
Keyword(s):  
Design Methodology ◽  
Case Study Research ◽  
Female Empowerment ◽  
Women Consumers ◽  
Cultural Changes ◽  
Content Type ◽  
Online Comments ◽  
Consumer Reactions ◽  
Corporate Social

PurposeThis paper identifies consumer reactions towards female empowerment in advertising in order to explore the supporting arguments for criticisms of lack of authenticity and the figuring of sexist stereotypes.Design/methodology/approachThe authors conducted a multi-case study research with content analysis of 905 coded online comments in a video hosting website towards four femvertising campaigns.FindingsResults indicate that femvertising plays an important role in the emotional connection between women and brands, but consumers may react negatively to femvertising when brands do not show knowledge about the real feminist values, maintaining sexist stereotypes. Consumers also blame companies of hypocrite and exploitation to sell products if there is not authenticity and brand-cause fit.Originality/valueFemvertising appears as a consequence of cultural changes and corporate social responsibility in order to engage women consumers. This paper contributes with explanations to sustain the dichotomic reactions towards femvertising, showing evidence of why some people react favourably and other people react negatively.

scholarly journals Corporate social responsibility, social and financial performance: The case study of the loan appraisal process of the Rwanda Development Bank

2018 ◽  
Vol 15 (3) ◽  
pp. 47-56
Author(s):  
Gianfranco A. Vento ◽  
Helen Chiappini ◽  
Giuseppe Lia
Keyword(s):  
Corporate Social Responsibility ◽  
Social Responsibility ◽  
Financial Stability ◽  
Development Bank ◽  
Social Mission ◽  
Appraisal Process ◽  
The Social ◽  
Development Banks ◽  
Corporate Social

Development banks play an active role in smoothing growth of world’s disadvantaged areas. The social mission of development banks requires that they pay attention to corporate social responsibility (CSR) and to the social outcome of financing activities. However, like any other financial institution, they must consider the business sustainability and the financial stability over time. Thus, a comprehensive loan appraisal process should include financial and social aspects. Literature does not properly investigate development banks loan appraisal process, thus the aim of this paper is to contribute to this stream of literature, analysing how development banks can include the evaluation of social and environmental variables within their loan appraisal process. For the purpose of the research, we employed a case study of the Rwanda Development Bank (BRD). The BRD loan appraisal process combines the evaluation of typical aspects of corporate social responsibility – like the firms or projects compliance to health and safety regulations or the implementation of the code of ethics including diversity policies – with the evaluation of social and environmental impact, as well with financial aspects. The BRD social impact assessment is also valuable because it follows the criteria of proportionality of loans evaluation, balancing completeness of information with the cost of the assessment.

scholarly journals KETERAMPILAN SOSIAL ANAK USIA 5-6 TAHUN DI KELOMPOK B TK AISYIYAH 2

2020 ◽  
Vol 3 (1) ◽  
pp. 89-100
Author(s):  
Santi Susanti ◽  
Sumardi Sumardi ◽  
Akhmad Nugraha
Keyword(s):  
Social Skills ◽  
Interpersonal Relationships ◽  
Case Study Research ◽  
Social Ability ◽  
The People ◽  
The Social ◽  
Concrete Operational ◽  
Group B ◽  
Interest And Motivation

ABSTRACTSocial skills of children aged 5-6 years is part of the maturation of social development of children in the transition from pre operational entering a concrete operational period. The ability of children aged 5-6 years in social skills can be seen from the behaviors that can be achieved in the child's ability to build interpersonal relationships and intrapersonal relationships. This research was conducted in kindergarden which aims to describe social ability of children aged 5-6 years and look for factors that affect the social skill ability of children. Subjects in this study were one of B Group students who had low social skills. This research uses qualitative approach with case study research method. Data collection techniques used in this study are observation, interview and documentation. Instruments in this research use obsevation sheet and interview sheet. From the data collected and then processed to be used as a whole data. Based on the results of research that has been done in Group B Kindergarden related social skills of children aged 5-6 years, this study can be concluded as follows: social skills of children aged 5-6 years in group B TK Aisyiyah 2 Kota Tasikmalaya reach BG criteria ( Beginning to Grow) with the underlying cause of the lack of opportunities to get along with the people around him with different ages and backgrounds, lack of interest and motivation for children, lack of guidance and teaching from others, which is usually a model for children and lack of ability communicate well to the child. ABSTRAKKeterampilan sosial anak usia 5-6 tahun merupakan bagian dari pematangan perkembangan sosial anak dimasa peralihan dari pra operasional memasuki masa operasional konkrit. Kemampuan anak usia 5-6 tahun dalam keterampilan sosial dapat dilihat dari perilaku-perilaku yang dapat dicapai anak dalam kemampuan anak menjalin hubungan interpersonal dan hubungan intrapersonal. Penelitian ini dilakukan di Taman Kanak-Kanak yang bertujuan untuk mendeskripsikan kemampuan sosial anak usia 5-6 tahun dan mencari faktor yang mempengaruhi kemampuan keterampilan sosial anak. Subjek dalam penelitian ini adalah salah satu siswa Kelompok B yang memiliki keterampilan sosial rendah. Penelitian ini menggunakan pendekatan kualitatif dengan metode penelitian studi kasus. Teknik pengumpulan data yang digunakan dalam penelitian ini adalah observasi, wawancara dan dokumentasi. Instrumen dalam penelitian ini menggunakan lembar obsevasi dan lembar wawancara. Dari data yang yang terkumpul kemudian diolah untuk dijadikan data yang utuh. Berdasarkan hasil penelitian yang telah dilakukan terkait keterampilan sosial anak usia 5-6 tahun, maka penelitian ini dapat disimpulkan sebagai berikut: keterampilan sosial anak usia 5-6 tahun di kelompok B Taman Kanak-kanak  mencapai kriteria MB (Mulai Berkembang) dengan faktor penyebab kurangnya kurangnya kesempatan untuk bergaul dengan orang-orang yang ada disekitarnya dengan berbagai usia dan latar belakang, kurangnya minat dan motivasi anak untuk bergaul, kurangnya bimbingan dan pengajaran dari orang lain, yang biasanya menjadi model untuk anak dan kurangnya kemampuan berkomunikasi yang baik yang dimiliki oleh anak.

scholarly journals The Impact of Interplay Between Formal and Informal Institutions on Corporate Governance Systems: a Comparative Study of CEECs

2018 ◽  
Vol 21 (4) ◽  
pp. 85-104
Author(s):  
Małgorzata Godlewska ◽  
Tomasz Pilewicz
Keyword(s):  
Corporate Governance ◽  
Deductive Reasoning ◽  
Case Study Research ◽  
Individual Case ◽  
Informal Institutions ◽  
Comparative Case Study ◽  
Governance Systems ◽  
Formal And Informal Institutions ◽  
The Impact

The central point of this paper is to present the results of comparative case study research concerning the impact of the interplay between formal and informal institutions in the corporate governance systems (CGS) of Central and Eastern European Countries (CEEC). Particular focus was put on the values of the corporate governance codes (CGC) of CEECs, as well as on transparent ownership structures, transactions with related parties, the protection of minority shareholders, independent members of supervisory boards, and separation between the CEO position and the chairman of the board of directors. The main subject of interest concerns two research areas: the character of the relationship between formal and informal institutions, as well as whether the interplay between them is relevant to the CGSs of CEECs. Moreover, the author investigates whether the CGCs of CEECs consist of regulations that are compatible with the values set up in preambles using research methods such as individual case study or deductive reasoning. The conclusion presented in the paper was drawn on the basis of a review of the literature and research on national and European corporate governance regulations, as well as the CGC of CEECs. The primary contribution this article makes is to advance the stream of research beyond any single country setting, and to link the literature on the interplay between formal and informal institutions related to CGSs in a broad range of economies in transition (‘catch up’ countries) like CEECs. This paper provides an understanding of how the interplay between formal and informal institutions may influence the CGCs of CEECs.

scholarly journals PERAN PEMBIAYAAN MURABAHAH DALAM MENINGKATKAN USAHA BATU BATA (STUDI PADA BMT AS-SALAM KANTOR KAS NGERECO KANDAT KEDIRI)

1970 ◽  
Vol 5 (1) ◽  
pp. 64-76
Author(s):  
Muh Khoirul Anam ◽  
Haris Santoso
Keyword(s):  
Financial Institutions ◽  
Case Study Research ◽  
Lower Class ◽  
Qualitative Approach ◽  
Study Research ◽  
Islamic Financial Institutions ◽  
Conventional Banks ◽  
Depth Interviews

Financial institutions are currently needed by all people because financial institutions are considered to be quicker in providing business capital loans. Previously, conventional banks were the only financial institutions operating in the financial sector or loans to the community before Islamic financial institutions, now with the development of financial institutions sharia society mostly prefers sharia finance rather than conventional, plus BMT which operates in the middle to lower class, this is what causes many people to take Islamic financial institutions because they prioritize family systems, so this study focuses on: 1). How is the application of murabahah financing at BMT As-Salam to brick businesses in the Ngreco Kandat Kediri village, 2). What is the role of murabahah financing at BMT As-Salam towards brick business in the Ngreco Kandat Kediri village, 3). How did the brick business increase in the Kandat Kediri Ngreco village after obtaining murabahah financing at BMT As-Salam. Research on the role of murabahah financing in brick business uses a descriptive qualitative approach with a type of case study research that refers to the interpretive postpositivistic thinking paradigm. The technique of collecting data is in-depth interviews, observation and documentation. The results of this study indicate that the application of murabahah financing at BMT As-Salam is very different where loans for business capital of bricks that should use mudharabah or musyarakah at BMT These salads use murabaha. Besides that the role of BMT As-Salam is very influential on brick business and before BMT As-Salam arrived, brick entrepreneurs still had difficulty finding capital to improve their business but after taking murabahah financing at BMT As-Salam, their efforts experienced an increase and prosperity life.

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