Abstract This study develops and validates a comprehensive mechanism for evaluating the effect of zakat (obligatory alms‐giving) on reducing poverty attaining some prominent Sustainable Development Goals. The unconventionally analyzes macrolevel data microlevel district level Khyber Pakhtunkhwa, Pakistan. Microlevel are utilized from renowned national survey, Pakistan Social Living Standards Measurement Survey (PSLM) which Multidimensional Poverty Index (MPI) has been computed, whereas have...

ABSTRACT This study employed a novel methodological perspective to evaluate the impact of Zakat on one sustainable development goals (SDGs), i.e., education. The has macrolevel data spending collected from department Khyber Pakhtunkhwa, Pakistan, and microlevel renowned national survey, Pakistan Social Living Standards Measurement Survey (PSLM). Based set used for empirical analysis, multilevel model was control effect intraclass correlation. findings this confirmed that by public sector...

The purpose of this study is to analyze the factors influencing attitudes women investors in context Islamic unit trust funds Malaysia, with a focus on women’s religiosity and perceived fund providers. Using UTAUT model, examines data from survey 263 Muslim Malaysia considers seven key factors: risk aversion, religiosity, price sensitivity, financial literacy side investing past performance, findings indicate that provider has significant positive impact attitude, moderating effects own...

This study evaluates the concept of interreligious dialogue and its relation to Islam. It engages in textual analysis historical interpretation Qur’an Sunnah. The includes treatment early Muslim rulers, especially second caliph Islam “Umar,” for followers other religions an attempt understand nature research shows how plays a unique role promoting by providing justice, equal rights, freedom religious beliefs practices any religion, culture, civilization as well accepting all previous...

Purpose The purpose of this paper is to compare the return performance and persistence ethical conventional mutual funds during two extreme events, Asian global financial crises under Shariah constraints. Design/methodology/approach overall sample comprises 129 Islamic (IMFs) 350 (CMFs) in Malaysia, average monthly data cover periods market cycles, before a crisis. net all expenses obtained from Morningstar Database. This study employs various risk-adjusted measures (ratios) estimate funds’...

This paper investigates the investment performance of Malaysian Islamic equity funds and a matching sample conventional relative to their market benchmark. An integrated model is used simultaneously capture timing selectivity skills fund managers. Our findings indicate that do not match in terms skill. However, perform no worse than counterparts timing, although neither outperform market. These have crucial implications only for managers’ decisions, but also sensitive shariah-compliant...

Purpose This paper aims to analyse whether the practices of Islamic banks in Bahrain are line with value-based banking (VBIB) and reporting disclosure annual reports towards achieving their fundamental objectives human-centred economic development social justice. Design/methodology/approach Based on finance, principles perception Maqasid al-Shari’ah , this examines assesses current financial institutions (IFIs) through content analysis interviews experts. Findings The findings reveal that...

We examined the role of Islamic practices: work ethics, social finance, and religiosity in financial environmental performances with corporate responsibility (CSR) as a mediator. collected data from 241 Pakistani enterprises through survey applied structural equation modeling AMOS. The results showed that ethics finance have insignificant effects on performance but significant influence performance. Religiosity has effect an practices significantly improve CSR activities SMEs, resulting...

This paper aims to explore whether the practices of Ijarah financing by Islamic banks in Malaysia are line with Accounting and Auditing Organization for Financial Institutions (AAOIFI) Shariah Standard No: (9) on financing. Semi- structured interviews based open-ended questionnaires were conducted, recorded verbatim, transcribed content analysis. Our study revealed flaws contemporary practice indicated that it was slightly out AAOIFI standard. The will not only help banking industry reduce,...

The objective of this study is to develop the constructs in Islamic Unit Trust Investment Decision (IUTID) and examine its determinants. determinants are Financial Literacy (IFL), Information Sources (IS), Risk (IR), Religiosity (RE) Product Knowledge (PK). measurement developed based on literature review has been validated by construct’s experts, among Investors. validity reliability test have tested all constructs. data analyzing using SPSS. Results analysis show that unit trust...

This paper aims to explore the practices of Ijarah financing by Islamic banks in Pakistan pertaining compliance with AAOIFI Shariah Standard (9) on financing. Primary data were gathered from respondents five (5) full-fledged administering semi-structured face-to-face interviews along secondary obtained contractual agreements Qualitative content analysis was undertaken employing NVivo software. The findings reveal discrepancies two clauses and emerging major challenges and/or problems facing...

The basis for halal standard is the concept of shariah-compliance. an important reference document any institution that wants to obtain certification. It provides requirements, specifications, guidelines and features can be consistently used ensure quality materials, products, processes or services are reasonably fit their purpose conform shariah. In Qur'an, Allah SWT had promised blessings from heaven community rule-compliant law-abiding His Will. By using promises made in Qur'an those who...

This paper seeks to analyze the issues of Islamic financial system and its challenges in Malaysia. research adopts a qualitative approach based on data collected from articles, books, online sources. A thematic has been utilized for analysis. study finds that banks impose both taʿwīḍ (compensation) gharāmah (penalty) if customer procrastinates or delays payment installments banks. That could lead ribā (interest) contract. Therefore, suggests need form tabarruʿ (donation) fund. In addition,...

Development of human capital in management is one the government growing concerns The Ninth Malaysian Plan (RMK9). In order to address this concern, it imperative consider effectiveness employees and their subsequent relations quality work. demands that workers around world will be able not only collaborate with another, but also competent manage solve more complex problems daily working lives. From a different perspective, development very significant achieve National Mission Vision 2020....

The purpose of this study is to analyze the impact fund management companies' past performance, fees, perceived religiosity, and risk on Malaysian Muslim investors' attitude toward them. moderating effects investor aversion, price sensitivity, Islamic financial literacy are considered. A model based unified theory acceptance use technology built variables data were collected using a survey 550 retail investors. Our findings show that attitudes negatively affected by company positively...

The fourth industry revolution-IR4 reshapes global industries and societies with unique challenges opportunities for Oman, more specifically through the prism of Islamic values. This paper attempts to research various dimensions impact IR4 on education, employment, economic development in Omani context by underlining integration ethical principles governing these changes. following work will cover some important areas which teachings could guide technology use policy development. literature...

Abstract This paper addresses the need for reform in AAOIFI standards on murabaha financing, providing a legal analysis and examining compliance by Islamic banks Pakistan with Shariah Standard No. (8). Through qualitative research involving face-to-face interviews content analysis, primary data was collected analyzed using NVivo software. The findings reveal that do not fully comply (8), specifically regarding arrangement fee outlined clause 2/4/4. Additionally, contradiction is identified...