scholarly journals Islamic Banking and Finance in the 21st Century: Selected Issues in Human Capital Development

ICR Journal ◽  
2009 ◽  
Vol 1 (2) ◽  
pp. 292-302
Author(s):  
Mohamed Aslam Haneef
Keyword(s):  
Human Capital ◽  
Theory And Practice ◽  
First Century ◽  
Islamic Banking ◽  
Human Capital Development ◽  
Banking And Finance ◽  
The One ◽  
Capital Development ◽  
True Alternative

Islamic Banking and Finance (IBF), both in theory and practice, has made great strides over the last 40 years. However, it is not spared from criticism, much of it relating to issues of ‘Islamicity’ and ‘originality’ of mainly IBF practice. One major reason underlying these issues relates to the quality of human resources related to IBF. This article first presents some of the tensions that exist in contemporary IBF. These tensions include debates within the theoretical discourse regarding preferred instruments in IBF. The article also highlights some problems that occur due to the divergence between the theory of IBF and with its practice, leading to a general perception that IBF merely duplicates conventional finance rather than offering any true alternative. The article argues that to resolve these tensions, greater emphasis must be placed on creating qualified human capital at all levels of the IBF discipline and industry. In addition, IBF would be better served if Islam and its shari’ah were viewed as a civilisational framework, rather than a narrow fiqh/law focus. Having a civilisational understanding of Islam, its shari’ah and the Islamic heritage on the one hand, as well as a genuine understanding of modern economics and finance on the other, are necessary pre-requisites to enable IBF to play its role in serving the ummah more effectively in the twenty-first century. Genuine Islamisation of knowledge would produce the human capital desired.

scholarly journals Impact of Human Capital Development on Small and Medium Scale Enterprise in Some Selected Firms in Ananmbra State

2021 ◽  
pp. 57-64
Author(s):  
Anugwu Clara Chika ◽  
Nwosu Kanayo Chike
Keyword(s):  
Human Capital ◽  
Service Delivery ◽  
Total Population ◽  
Survey Design ◽  
Human Capital Development ◽  
Anambra State ◽  
Medium Scale ◽  
Capital Development ◽  
Descriptive Survey

This study examine the effects of human capital development in Small and Medium-Scale Enterprises (SMEs) and entrepreneurship performance and improvement in some selected SME firms in Anambra State. Descriptive survey design was used in the study. The total population of the study was 270. Findings revealed that human capital development helps in improving the performance of firms through training of employees fro greater performance of SMEs; developing efficiency of the SMEs; influencing the proactiveness of the employees; enhancing the flexibility of the employees; and improving service delivery of the employees. This study recommended that firms should develop human capital development so as to avoid stagnation of the skills of the employee. The study further recommended that firms should utilize human capital development so that it would not affect the quality of service delivery of SMEs.

scholarly journals Human capital development in the global-knowledge economy

2020 ◽  
Vol 74 ◽  
pp. 02004
Author(s):  
Nail Gabdullin
Keyword(s):  
Human Capital ◽  
Russian Federation ◽  
Global Knowledge ◽  
Human Capital Development ◽  
The Social ◽  
Pca Method ◽  
The Russian Federation ◽  
Capital Development ◽  
Relevant Factors

The national economy is as competitive as its human capital is effectively capitalized in modern hypercompetitive global markets. The world digital technologies contribute to the globalization of the economy and accelerate the accumulation of human capital by digitizing jobs, providing the population and households with electronic services and data mining technologies. The article analyzes the structure of multivariate data on the factors of human capital development, e-education and the use of ICT by households in Russian regions. The average annual values of the relevant factors of monitoring the development of the information society in the Russian Federation for the period from 2010 to 2017 were selected as factors of each object of analysis. The reliability of the research results is ensured by applying standardization and rationing of the initial matrix of factors, reducing the dimension of the normalized matrix of factors using the PCA method, cluster analysis using the method of EM-maximizing expectations and the hierarchical clustering method. The author has built a rating of regional clusters of the Russian Federation, differing in the quality of human capital depending on the development of electronic infrastructure, availability of digital resources and the features of the social environment.

scholarly journals Improving Human Capital through Better Education to Support Indonesia’s Economic Development

2015 ◽  
Vol 61 (2) ◽  
pp. 92
Author(s):  
Latif Adam ◽  
Siwage Dharma Negara
Keyword(s):  
Human Capital ◽  
Skill Training ◽  
Youth Unemployment ◽  
Training System ◽  
Master Plan ◽  
Human Capital Development ◽  
Current State ◽  
Key Factor ◽  
Capital Development

AbstractDespite Indonesia’s impressive economic growth, it still lags behind other countries with a similar income level in terms of the quality of its human capital. This paper argues that one key factor explaining this low quality of human capital relates to the lack of focus and clear strategies to develop its education system. This paper attempts to assess Indonesia’s current state of human capital development with particular focus on its education sector. In order to benefit from its demographic bonus, Indonesia needs to to improve its current education and skill training system. Better education and skill training system will support the country’s effort to reduce poverty and youth unemployment. The effectiveness of public spending in education should be improved to raise the quality of education. Indonesia needs to integrate its human capital development plan with its economic master plan.Keywords: Human Capital; Poverty; Unemployment; Education; DevelopmentAbstrakMeskipun mencatatkan pertumbuhan ekonomi yang mengagumkan, kualitas sumber daya manusia Indonesia masih tertinggal dibandingkan negara lain dengan tingkat penghasilan setara. Tulisan ini berpendapat bahwa faktor kunci yang menjelaskan rendahnya kualitas sumber daya manusia berhubungan dengan ketiadaan strategi yang terfokus dan jelas untuk mengembangkan sistem pendidikan Indonesia. Tulisan ini menilai kondisi kekinian dari pengembangan sumber daya manusia Indonesia dengan fokus khusus pada sektor pendidikan. Agar dapat mengoptimalkan manfaat dari bonus demografi, Indonesia perlu membenahi sistem pendidikan dan pelatihan keterampilan. Sistem pendidikan dan pelatihan keterampilan yang lebih baik akan menunjang upaya pengentasan kemiskinan dan pengurangan pengangguran muda. Efektivitas pengeluaran pemerintah di sektor pendidikan perlu ditingkatkan guna meningkatkan kualitas pendidikan. Indonesia perlu mengintegrasikan rencana pembangunan sumber daya manusia dengan master plan perekonomian.Kata kunci: Sumber Daya Manusia; Kemiskinan; Pengangguran; Pendidikan; PembangunanJEL classifications: I25; O15

The Nigerian e-Government Strategies (NeGST)

2011 ◽  
pp. 93-105
Author(s):  
Charles K. Ayo ◽  
I.T. Fatudimu
Keyword(s):  
Human Capital ◽  
Poverty Reduction ◽  
Information And Communications Technology ◽  
Economic Empowerment ◽  
Vision 2020 ◽  
Human Capital Development ◽  
Average Percentage ◽  
The World ◽  
The One ◽  
Capital Development

Nigeria has made frantic efforts towards achieving the millennium development goals (MDGs) as spelt out in the United Nations’ Agenda for the world. A critical assessment of the e-Government strategies in Nigeria is important being responsible for 20% of the population of the entire African continent. This paper presents a review of the e-Government strategies in Nigeria; the human capital development initiatives; the information and communications technology (ICT) diffusion and e-Inclusion. The global and continental ranking of the country is presented as well as recommendations to accelerate developments towards achieving the MDGs. Findings revealed that there are ongoing efforts in Nigeria to address the issue of poverty. The various initiatives of government include: the National/State Economic Empowerment Strategies (NEEDS/SEEDS), the Vision 2020, the National e-Government Strategy (NeGST) and a well-formulated National IT policy to mention a few. The little hindrance encountered in the research is that the available data was only up to the year 2005 and 2006 in some cases. However, based on the human capital development indices such as: economic empowerment and poverty reduction, education, health, employment generation, etc, it was observed that the adult literacy level of 64.2% is satisfactory and better results are expected before 2015. The life expectancy level is constant (54 years) from 2002 to 2007, which is the one of the lowest in Africa. On school enrolment, the major problem is access and poverty. It was observed that only 25% of primary school leavers made it to the secondary school level, while about 14% of the students at this level made it to the tertiary level. Similarly, the average percentage of female enrolment in schools is 45%. The health facilities are under-funded and are grossly inadequate both in quality and quantity. There is an average of 1,700 persons per hospital bed and the ratio of physicians to the populace is about 1:6000. This calls for a state of emergency in this sector. One major sector of the economy that is experiencing a boost is the ICT and Telecoms. The sector had brought about a teledensity growth of 0.73 to 37.05 from 2001 to 2007. Consequently, Nigeria has been named the fastest growing Telecoms nation in Africa and the third in the world, with a number of direct and indirect jobs created. Similarly, the rate of Internet diffusion is encouraging bearing in mind that the level was almost nonexistent in 1999. It is obvious that Nigeria would be able to bridge the divide by 2015. Generally, there are some meaningful developments in the country arising from the various poverty eradication schemes but the resultant effect has not imparted positively on unemployment. This is the opinion of the populace and hence the need for government to restrategize, otherwise, fulfilling MDGs by 2015 may not be realistic.

scholarly journals Social Policy of the State as a Tool of Motivation of Social Development

2020 ◽  
pp. 32-36
Author(s):  
T. G. Grinenko
Keyword(s):  
Human Capital ◽  
Social Protection ◽  
Modern Society ◽  
The State ◽  
Human Capital Development ◽  
Social Contacts ◽  
Active Life ◽  
Capital Development ◽  
Economic Nature

The article shows that the activities of the State in the field of social support and social protection are aimed at addressing the needs of the lower levels of Maslow’s pyramid of motivation: physiological needs, the needs of a safe existence. Currently, we are fighting poverty, while we need to create conditions for the formation of an active life position of citizens, which is aimed at the development of the human capital of the country, on the quality of which the successes of modern society depend. This task is achieved by forming motivations of the highest levels of the pyramid: the need for social contacts, self-affirmation and self-expression. The development of the Concept and Program for Human Capital Development would allow to coordinate and link all activities of a socio-economic nature, both already being implemented in the country and formulated in the Address of the President to the Federal Assembly on January 15, 2020.

A Success of University–Industry Partnership

2017 ◽  
Vol 4 (6) ◽  
pp. 17-25
Author(s):  
Igor Gorlach
Keyword(s):  
Human Capital ◽  
Engineering Education ◽  
Theory And Practice ◽  
General Motors ◽  
Eastern Cape ◽  
Human Capital Development ◽  
Degree Programme ◽  
The Real ◽  
Industry And Commerce ◽  
Capital Development

In the fast-changing world, the success of engineering education depends not only on sound engineering knowledge, but also on the ability to apply it in practice from the moment young graduates enter the real industry. In order to be successful in industry, learners need interaction within the real industrial environment from the beginning of their studies. The importance of close links between engineering educational programmes and industry is shown in the example of industry–university collaboration between the Nelson Mandela Metropolitan University (NMMU) and General Motors South Africa (GMSA). The local automotive industry and GMSA, in particular, have been supporting the engineering programmes at NMMU for decades. However, with the establishment of a bachelor degree programme in mechatronics in 2005, GMSA decided to play an even more prominent role, as this was the first such degree programme in the Eastern Cape. This initiative has resulted in the establishment of the Chair of Mechatronics, fully sponsored by GMSA. Over the years, this industry–university partnership became an important platform providing a vital link between theory and practice in engineering education. The results of this partnership can be seen in an increased number of graduate and post-graduate students’ projects being based on real industrial cases provided by GMSA, reflecting the latest developments and trends in engineering. Working with engineers in solving industrial problems enables students to gain valuable experience in dealing with colleagues, managers and workers. Exposure to the latest technologies strengthens the theory and better prepares graduates for their future careers in industry and commerce. The partnership is also important for GMSA, as it increases its competitiveness and facilitates the company’s significant contribution to human capital development, which is very important for the growth of the South African economy and the community at large. Keywords: Industry collaboration, human capital development, educational chair, training.

Human capital development for SMEs in Pakistan: is the “one-size-fits-all” policy adequate?

2016 ◽  
Vol 43 (8) ◽  
pp. 804-822 ◽  
Author(s):  
Muhammad Shujaat Mubarik ◽  
Chandran Govindaraju ◽  
Evelyn S. Devadason
Keyword(s):  
Human Capital ◽  
Analysis Of Variance ◽  
Firm Size ◽  
Supporting Evidence ◽  
Human Capital Development ◽  
Data Set ◽  
Content Type ◽  
The Government ◽  
The One ◽  
Capital Development

Purpose – Pakistan adopted “one-size-fits-all” policy for human capital (HC) development with the assumption that the level of HC is equal across industry and firm size. The purpose of this paper is to test this major assumption on which this policy is based, by comparing the differences in the levels of HC, overall and by dimensions of HC, by industry and firm size. Design/methodology/approach – The study is based on new data set of a sample of 750 manufacturing SME firms in Pakistan, compiled through a survey. Applying the independent sample t-test, one way analysis of variance and multivariate analysis of variance, the hypotheses of differences in levels of overall and dimensions of HC were tested. Findings – The results indicate significant differences in the levels of HC by industry and firm size. The levels of HC were found to be higher in textiles, food, metal and leather industries, and for medium-sized firms. Practical implications – The findings provide supporting evidence on the inadequacy of the current human capital development (HCD) policy in Pakistan. The study therefore recommends customized HCD policies, accounting for differences across industry and firm size. Originality/value – By taking the data on nine major dimensions of HC from 750 manufacturing sector SMEs, the study tests the level of overall HC and its nine dimensions by industry and size. The study also challenges the “one-size-fits-all” policy of the government of Pakistan for developing HC in SMEs.

scholarly journals NGO's Financial Reporting and Human Capital Development

2016 ◽  
Vol 3 (2) ◽  
pp. 53-60 ◽  
Author(s):  
Alim Al Ayub Ahmed ◽  
A. B. M. Asadullah ◽  
Md. Mostafijur Rahman
Keyword(s):  
Human Capital ◽  
Human Resource ◽  
Financial Reporting ◽  
Reporting Quality ◽  
Financial Reporting Quality ◽  
Human Resource Practices ◽  
Human Capital Development ◽  
Capital Development ◽  
The Relationship

The purpose of the study was to find out whether human capital development influences the quality of financial reporting of NGOs. The specific objectives of the study were to determine the relationship between human capital development and the quality of financial reporting, examine the relationship between human resource practices and the quality of financial reporting, examine the relationship between human capital development and human resource policy and examine if human resource practices moderate/ mediate the relationship between human capital development and the quality of financial reporting. The study adopted a cross-sectional parallel survey design with quantitative techniques and employed self-administered questionnaires to 60 respondents.  The research data was coded and analyzed using the Statistical Package for Social Sciences (SPSS) version 20 to establish the statistical inferences. The Pearson correlation test reported that human capital development has a positive significant relationship with the quality of financial reporting (r = .551, p< .01; two tailed). The study concluded that education, skills, knowledge, experience, interest and values were significantly positively related with financial reporting quality (r = .503, p < .01; r = .407, p < .01; r = .518, p < .01; r = .213, p < .10 and r = .476, p < .01 respectively). Furthermore, personality positively relates to financial reporting quality (r = .165, p>0.10). Some recommendations were then formulated thus: Organizations should encourage and support their accounting staff to attain professional qualifications. The staff should strive to attain membership of professional accounting bodies. The staff should also be motivated as well as regularly trained on job. Management should observe strict adherence to accounting and financial manuals. Organizations should also reinforce workplace policies as well as review their current accounting systems to identify gaps and then put in place steps to fill those gaps.  

scholarly journals Approach to the Development of Human Capital

Upravlenie ◽  
2016 ◽  
Vol 4 (4) ◽  
pp. 16-20
Author(s):  
Антонов ◽  
Sergey Antonov
Keyword(s):  
Human Capital ◽  
Development Process ◽  
Human Capital Development ◽  
Development Models ◽  
Depth Study ◽  
Implementation Models ◽  
Capital Development ◽  
Key Questions

This paper analyzes theoretical justifications of the human capital development process and observed effects. The author looks at dependence between financing and level of human capital development, defines reproduction and implementation models, and takes an attempt to define basic elements, key questions and problems of the human capital reproduction and development models. Actualizing more in-depth study of a social capital and quality of life area, at the same time, as the main problem lying in the basis of the human capital development is determination of the balancing principles of social and economic parameters.

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