Index

Advances in Islamic Finance, Marketing, and Management

ISBN: 978-1-78635-899-8, eISBN: 978-1-78635-898-1

Publication date: 19 December 2016

This content is currently only available as a PDF

Citation

(2016), "Index", Mutum, D.S., Butt, M.M. and Rashid, M. (Ed.) Advances in Islamic Finance, Marketing, and Management, Emerald Group Publishing Limited, Bingley, pp. 363-372. https://doi.org/10.1108/978-1-78635-899-820161021

Publisher

:

Emerald Group Publishing Limited

Copyright © 2017 Emerald Group Publishing Limited


INDEX

Adjusted Sharpe ratio (ASR)
, 91, 94–95, 99

Akaike Information Criterion (AIC)
, 114, 119–120, 122–123

Ali, Muhammad
, 283, 285

Al-Ijarah Thumma Al-Bai (AITAB)
, 138, 141

Allowances
, 251, 335–336

Asian market
, 27–46

Assets

collateral
, 31

return on
, 49, 51, 58, 64, 111

risk-free
, 87–89

securitised
, 31–32

short-term
, 107

total banking sector
, 55

underlying
, 29–32, 36, 46, 145

wakalah
, 39

Athanasoglou
, 63–65, 73, 76

Augmented Dickey Fuller (ADF)
, 118–119

Autoregressive Distributive Lag (ARDL)
, 106, 114, 120, 124

Banking
, 50–51, 76, 186, 225, 232, 272, 275–276, 279, 295, 312

Banking products, knowledge of Islamic
, 229–230

Banking sector
, 52–53, 60, 109, 189, 231

Bank lending patterns
, 189–190

Bank Negara Malaysia (BNM)
, 86, 135–136, 144, 149–150, 225–226, 295

Bank profitability
, 60–61, 64, 72–73, 108, 122

Bank purchases
, 142, 144–145, 148, 154–155

Banks credit portfolios
, 186, 203

Bank-specific determinants
, 58–59, 69–72

Banks profitability
, 61, 74

Bonds, conventional
, 28, 30–32

Businesses, global
, 249, 253, 255–257, 259–260, 262

Business ethics
, 265, 275

Business organizations
, 341

Business transactions
, 298, 350

Capital adequacy
, 59, 63, 67, 76

Capital adequacy ratio
, 59, 69

Capital Asset Pricing Model (CAPM)
, 84, 89–90, 96

Cash flows
, 27, 29, 33, 45, 348

Commercial banks
, 109, 112, 190, 203, 233

Commodity
, 132, 145–148, 151, 153–156, 263

Commodity broker
, 145–146

Commodity murabahah
, 145, 151, 153–154

Commodity murabahah transactions
, 145, 151, 153, 156

Consumer awareness
, 223, 290

Consumer banking products
, 137–138, 156

Consumer behavior
, 246, 256–257

Consumerism
, 214–215, 262, 265, 296

Consumer products
, 246, 256, 259–260, 287

Contemporary themes
, 214–215, 217, 219–221

Control variable
, 204–205, 342, 344, 348, 353, 355–356, 358–359

Conventional banks
, 52, 55, 58, 104, 109, 135, 185–188, 191–195, 199, 202–203, 207–208, 224, 226

Conventional capital markets
, 28, 44–45

Conventional marketing
, 249–250

Conventional mutual fund (CMFs)
, 81–82, 84, 86–87, 91–94, 96–100

Corporate financial performance
, 347, 356, 359

Corporate Social Responsibility (CSR)
, 341–349, 354–355, 359

and financial performance
, 354–355

notion of
, 344–345

Correlation matrix
, 67–69, 116, 118

Corruption
, 161, 163, 165, 167, 171, 175, 250, 343

Counterparts, conventional
, 58, 82, 85, 87, 94, 96–97, 99, 187

Credit portfolios, impact of
, 188–191, 205

Credit risk
, 55, 58–59, 62, 67, 69, 75, 108, 188

CSR practices and financial performance
, 342, 353–356, 358–359

CSR Practices in Islamic Financial Institutions in Indonesia
, 345, 347, 349, 351, 353, 355, 357, 359

Customer promises
, 139, 143–144, 149, 153, 156

Data collection
, 62–64

Demographic Profile
, 225, 231, 235–236, 239

Demographics
, 224–225, 231

Department of Islamic Development Malaysia
, 286, 296, 311

Department of Standards Malaysia (DSM)
, 296, 312

Department of Veterinary Services (DVS)
, 297

Dependent variable
, 58, 63, 65, 69, 75, 123, 203, 204, 256, 357–358

Descriptive statistics
, 65, 92, 116, 203, 235

Determinants, macroeconomic
, 60, 73

Determinants of profitability
, 58–62

Developments of Islamic Banking in Bangladesh
, 109

Documentation, legal
, 29, 36–39, 46

Document Parties Involved
, 37–40

Dynamic GMM
, 64–65

Earnings per share (EPS)
, 347–348, 360

Economic foundations
, 215, 220

Economic overview
, 52–58

Emerging markets
, 4–5, 82, 99

Equity
, 57, 59, 69, 105, 109, 138, 185–188, 192, 198–199, 202–208, 219, 247

Error correction model (ECM)
, 114, 124–125

Ethnicity
, 232, 235, 332

Financial crimes
, 159, 161–165, 167–173, 175–178

Financial literacy
, 233

Financial market development
, 61

Financial markets, conventional
, 51, 56

Financial performance
, 342, 344, 347–349, 352–356, 358–360

better
, 354–355, 358

of IFIs
, 342–343

Financial statements
, 63, 203, 347–351

Financing
, 30–31, 33, 35, 51–52, 104–105, 107, 138, 141, 143, 228, 294, 349

non-PLS-based
, 107–108, 126

Financing portfolio
, 104–105

Foreign Direct Investment (FDI)
, 248

Formation period
, 12, 14, 16–17, 19, 22

Fund managers
, 37, 84–86, 88

Fund performance
, 88, 90

Funds
, 6, 34, 59, 81–86, 88, 95, 100, 111, 163, 173, 187, 325–327, 333, 346–347, 349

conventional
, 86, 92, 94

Global financial crisis (GFC)
, 40, 51, 87, 91, 93

Globalization
, 50, 255, 261, 265

Government agencies
, 291–292, 296–297, 346

Gross domestic product (GDP)
, 52–53, 60–62, 64, 67, 73, 75, 189–190, 315

GDP growth rate
, 60, 63, 67, 75, 112

Gulf Cooperation Council (GCC)
, 6, 8, 10, 43, 49, 51–52, 55–56, 82, 279

GCC countries
, 14, 17, 49, 51–53, 55–57, 59, 61–63, 65, 67, 69, 71, 73, 75–77, 279, 298

GCC regions
, 50–53, 55–56, 61, 63, 67, 72, 74, 76–77

Halal certification
, 274–275, 281, 283–284, 286–288, 291, 316

Halal cosmetics
, 278, 287, 289, 292

Halal economy
, 272

Halal food
, 214, 272, 280, 311, 317

Halal industry
, 271–273, 275–276, 278, 280, 290–291, 295–298, 312–314, 316

Halal ingredients
, 313

Halal Journal
, 286

Halal logistics
, 309–311, 313–318

Halal logo
, 219, 280, 286–288

Halal Marketing
, 220, 271, 275, 277, 279, 281, 283, 285, 287, 289, 291–295, 297, 299

planning of
, 299

Halal product information
, 290

Halal Product Research Institute (HPRI)
, 298

Halal products
, 214, 271, 273, 276, 279–281, 283, 286, 288–296, 298–299, 309–310, 313–315, 318

awareness of
, 289

perception of
, 291, 299

Halal products sectors
, 273

Halal research centres
, 298–299

Halal standards
, 295, 297, 311–312, 314

Halal status
, 291, 309, 311, 315

Halal supply chains
, 311, 313–315, 317–318

Holy Quran
, 164, 219–220, 274

Home financing
, 139, 142, 144–146, 227

ICRs
, 351

Ijarah
, 33–34, 36, 44, 46, 107, 141, 156, 227–228, 238, 282, 343

Ijarah rental swap (IRS)
, 149, 153, 155–157

IMF financial statistics (IFS)
, 63

Income groups
, 231, 233–234, 237, 239

Independent variables
, 58–59

Indicators, macroeconomic
, 60, 190

Indonesian Council of Ulama (ICU)
, 281, 343

Industry momentum
, 3, 8–9, 13–20, 24

Industry momentum analysis
, 14

Industry momentum profits
, 9, 17

Industry neutral momentum
, 17–20

Inflation
, 49, 52–53, 60, 63, 67, 71, 73, 75–77, 114, 116, 118–119, 123, 125

Inflation rate
, 60–61, 64, 73, 75, 112

Influence non-Muslim consumers
, 246, 266

Institute for Halal Research and Training (INHART)
, 298–299

Institute of Halal Research and Management (IHRAM)
, 299

Institute of Halal Research of University Malaya (IHRUM)
, 299

Interest rate swap
, 151

International Centre for Education in Islamic Finance (INCEIF)
, 136

International Halal Integrity Alliance (IHIA)
, 297

International Islamic Financial Market (IIFM)
, 40–41

International Islamic Liquidity Management Centre (IILMC)
, 136

International Islamic University Malaysia (IIUM)
, 298

Interviews
, 137, 139–149, 161, 169–172, 286, 289, 333, 335

Islam, principles of
, 170, 247, 350

Islami Bank Bangladesh Limited
, 109

Islamic Accounting
, 343, 349–351

Islamic Accounting Standards (IAS)
, 343, 349–353

Islamic banking
, 42, 50, 55–57, 104–106, 108–111, 113, 133, 135, 186–187, 223–227, 231–233, 240, 282, 285, 292

Islamic Banking and Finance (IBF)
, 107, 136

Islamic Banking and Finance Malaysia (IBFIM)
, 136

Islamic Banking Bulletin (IBB)
, 111–112

Islamic banking customers
, 240

Islamic banking in Malaysia
, 136, 141, 223–224

Islamic banking products
, 131–132, 136–137, 223, 226, 229–231, 233–235, 237, 239–240, 290

Islamic banking sector
, 52, 55, 69, 76

Islamic banking services
, 253

Islamic banking system
, 105, 172, 185, 189, 191, 193, 195, 197, 199, 201, 203, 205, 207, 223–224, 226

Islamic bank profitability
, 72–73

Islamic banks (IBs)
, 49–53, 55–63, 69, 71–73, 75–77, 103–111, 113–115, 121–127, 135–137, 185–188, 191–195, 205, 207, 226–227, 231–233

in Bangladesh
, 109, 111

data
, 353

full-fledged
, 109, 226

in GCC regions
, 50, 51, 76–77

in Malaysia
, 136–137

performance of
, 49, 60, 69, 73, 106, 124

profits of
, 60, 69, 72–73

Islamic beliefs
, 253, 262

Islamic bonds
, 279, 292

Islamic capital market (ICM)
, 27–28, 31, 33, 42, 44, 46, 296

Islamic credit cards
, 285, 290, 294

Islamic cross currency swap (ICCS)
, 149, 153–154, 156–157

Islamic Development Bank (IDB)
, 109, 292

Islamic Economics
, 160

Islamic equities
, 6, 7

Islamic equity markets
, 6–7

Islamic ethics
, 246, 253, 261, 263, 266

Islamic finance
, 6, 28, 42, 50–51, 55, 104, 112, 136, 149, 153, 214, 273, 276–279, 280, 281–283, 292, 295–296, 298–299

and Halal products
, 279–281, 283, 293, 299

in India
, 282

in Malaysia
, 135

Islamic finance products
, 271, 281–282, 285, 290, 292–296, 296, 299

Islamic financial instruments (IFIs)
, 42, 51, 105, 107–109, 295, 341–345, 347–353, 355–357, 359

Islamic financial instruments (IFIs) in Indonesia
, 342–343, 347, 352, 355, 359

financial performances of
, 342, 344, 356, 359

Islamic financial products
, 112, 282–283

Islamic Financial Services Board (IFSB)
, 51, 109–110, 136

Islamic financial services industry
, 43

Islamic financial system
, 29, 51, 82, 108, 186–187

Islamic financing
, 282, 296

Islamic funds
, 6, 82–83, 86, 92, 100

Islamic Ideological Council
, 159, 169–171

Islamic ideology
, 111, 160–161, 176, 332

Islamic law
, 159–160, 162–166, 168, 170–174, 176–178, 218, 225, 297, 341, 352

Islamic law and Public Policy
, 161, 163, 165, 167, 169, 171, 173, 175, 177

Islamic marketing
, 213–215, 218–220, 245–256, 261–265, 292

definition of
, 218–219

do’s and don’ts of
, 252

use of
, 261, 263–264, 266

Islamic marketing concepts
, 251, 253

Islamic marketing in Muslim countries
, 246, 254

Islamic marketing mix
, 246, 266

Islamic market mechanism
, 246, 256, 263, 265–266

Islamic markets
, 254–255

Islamic mutual funds (IMFs)
, 56, 63, 81–87, 89, 91–97, 99–100, 164, 173

performance of
, 81, 85, 91–92, 94, 96–97, 99

portfolio
, 82, 91, 94, 97

risk of
, 96

strong performance of
, 85

Islamic principles
, 175, 218, 250, 253, 259, 263, 296, 310, 318, 348, 351

Islamic products
, 220, 225, 230, 239

Islamic profit rate swap (IPRS)
, 149–151, 153, 156–157

Islamic Religious Department
, 327–328, 332

Islamic securitisation
, 31

Islamic state
, 164, 173–176

Islamic teachings
, 250–251

Islamic trade financing products
, 147

Islamic values
, 252, 259, 283, 341, 349

JT individual stock momentum
, 8

JT stock momentum
, 11–13

Jurisdictions
, 27, 29–30, 33, 42, 45–46, 51, 57, 311

Kazakhstan
, 282, 292, 299

Khadijah Binti Mohd Khambali
, 326, 328, 330, 332, 334, 336, 338

Klang Valley
, 230, 283–284, 291

Kuwait Finance House (KFH)
, 55, 138–140

Liquidity management
, 59

Long-run relationship
, 114, 116, 122–124

Loser portfolio
, 12, 19, 22

Macroeconomic determinants
, 60, 73

Macroeconomic variables
, 49, 58, 63, 65, 67, 69, 73, 75–76, 116

Malays
, 232, 235–236

Malaysian banking sector
, 223–224

Malaysian consumers
, 286

Malaysian government
, 136, 291

Malaysian Islamic
, 60, 86, 133, 135, 156, 226

Malaysian Islamic Financial Centre (MIFC)
, 6, 136, 273, 275–276, 279, 295

Malaysian market
, 20, 86, 225, 295

Management accounting
, 166, 170

Market benchmark
, 82–83, 87–88

Market capitalization
, 61, 63, 67, 73, 75, 83

Marketers, non-Muslim
, 264

Marketing

contemporary themes in
, 213–214, 217

criticisms of
, 215

ethical
, 215, 292, 294

green
, 215, 217

Marketing functions
, 213, 215, 220

Marketing mix
, 217, 250, 293–294

Marketing practices
, 218, 247, 265

Marketing strategies
, 231, 246, 255, 257, 261–263, 265, 281, 286

Marketing Theory
, 265

Market movement
, 83, 92–93, 99

Market portfolio
, 87, 93–94, 99

Market price
, 37–38, 134

Market return
, 81, 83–84, 88, 91

Markets

bearish
, 91, 94, 96–97, 99

bullish
, 87, 91, 94, 96

Marriage
, 186, 332, 346

Materialism
, 213–214, 216

Mean excess return
, 88, 90–92, 96

Measurements, risk-adjusted
, 83, 88–89

MG industry momentum
, 8–9, 13–17

Momentum

neutral
, 9, 18, 20, 23

stock level
, 18

Momentum effect
, 11–14, 17–18, 23

Momentum portfolios
, 5, 14, 17–18, 20

Momentum profitability
, 4–24

Momentum profitability assessment
, 3, 4–7, 9, 11, 13, 15, 17, 19, 21, 23

Momentum profits
, 3, 5–9, 14, 17–18, 20, 23–24

statistically significant
, 17–18

Momentum return
, 4–7

determinants of
, 4–6

Momentum strategies
, 3–5

Momentum trading strategies
, 4, 7–12, 17–18, 20, 22–24

Momentum
, 4–24

Money laundering
, 161–162, 165, 168, 171, 174

Money supply
, 49, 57, 61–64, 67, 69, 73, 75–76

Motivation of study
, 51–52

Murabahah home financing
, 138, 142–144, 148

Muslim community
, 276, 326–327, 337

Muslim consumers
, 214, 218, 245–249, 251, 253–261, 263–265, 279, 286–288, 290, 310, 313, 316–317

perception and purchase behavior of
, 249, 254

perceptions of
, 266, 284

Muslim Consumers’ Association of Malaysia
, 297

Muslim consumers in Bangladesh
, 259, 261

Muslim consumers in Klang Valley
, 283–284

Muslim consumers of Bangladesh
, 260, 262

Muslim countries
, 108, 111–112, 176, 246, 249, 253–256, 259–260, 262, 264–265, 281–282, 286–287, 292, 298–299, 336–338, 341

Muslim population
, 254–256, 261, 263, 275–276, 310

Muslims
, 113, 162–163, 166–167, 214, 218, 229–230, 247, 252–253, 274–276, 280–282, 295, 327, 331–332, 336–337, 351

Mutual funds
, 85, 87–88, 96

Net asset values (NAVs)
, 83, 86–87

Net profit margins
, 56–57

Non-government agencies
, 296–297

Non-Muslim consumers
, 230, 264, 272–273, 289

Non-Muslim countries
, 246, 258, 279–280, 288, 298

Non-performing loans (NPLs)
, 54–55

Non-Shari’ah compliant stocks
, 10–11

Obligor
, 32

Occupation
, 224–225, 231, 233–234, 239

Oil price
, 61–63, 69, 73, 75

Operating cost
, 59, 67

Operating efficiency
, 59

Operating Islamic windows
, 191–192, 195, 205

Ownership
, 29–33, 36, 46, 142–143, 167, 172

Pakistan
, 6, 8, 10–11, 13–14, 18–21, 23–24, 111–112, 159, 163–165, 167–168, 170–173, 185, 188–189, 281–283, 298

Pakistani consumers
, 283, 285

Pakistan Shari’ah Compliant Stocks
, 11–12

Panel data
, 63–64, 203

Peers, conventional
, 85, 91, 96, 99–100

Perception
, 225, 230, 245–246, 254, 256–257, 261, 265–266, 271, 273, 279–280, 284–289, 291–295, 297, 299, 313–314

consumer
, 246, 287

negative
, 327, 333

Performance, halal supply chain
, 309, 311, 314

PLS-based financing
, 106–108, 126

benefit of
, 126

Policies, economic
, 160–161

Population, total
, 248, 256, 275

Portfolios
, 3, 6, 8–9, 11–12, 14, 16, 19–20, 22, 81, 83–84, 86–94, 96–97, 99–100, 114, 186–187

conventional
, 6, 86, 92–93

neutral
, 17–18

Poverty
, 327, 329–330, 332–333, 337

Privatization
, 164, 166–167, 172

Producers, non-Muslim
, 286, 296

Product Disclosure Sheet (PDS)
, 137

Product knowledge
, 281, 299

Products

halal-labelled
, 218–219

imported
, 246, 258–260

non-halal
, 310, 315, 318

treasury
, 131, 137–138, 149

wa’d-based
, 131–132, 156

Profiling Islamic Banking Customers
, 227, 229, 231, 233, 235, 237, 239

Profitability
, 7–8, 11, 58–60, 63, 65, 67, 72, 74, 77, 103–104, 108, 118–119, 123, 126, 355

Profitability of Islamic banks
, 49, 58, 69, 72–73, 77, 103, 106, 118, 122, 126

Profit maximization
, 175, 262–264

Profit rates

fixed
, 150–151

floating
, 150–151

Property financing
, 138–140

Proportion of assets
, 192, 203, 205, 207–208

Proportion of equity
, 187, 192, 202, 205, 207–208

Purchase behavior
, 245–247, 249, 251, 253–257, 259, 261, 263, 265

Purchase behavior of Muslim consumers
, 245–246

Purchase decisions
, 245, 249, 258–260

Random effect model
, 73, 205, 206

Regulations
, 27–29, 31, 33, 35, 37, 39, 41–45, 52, 58, 126, 172, 219, 311, 316, 331

Regulatory requirements
, 30–33

Religiosity
, 253, 276, 282–283

Religious conversion
, 331–332

Religious perception of consumers
, 246, 263

Researcher
, 4, 136, 140–141, 144–145, 147, 149

Return on Asset (ROA)
, 49, 51, 54–55, 58, 63–65, 69, 72, 76, 111, 205–206, 347–348, 353

Return on Equity (ROE)
, 51, 54–56, 111, 205–206, 347–348, 353

Return performance
, 81–83, 85, 87, 89, 91, 93, 95–97, 99

Risk and Return Performance
, 83, 85, 87, 89, 91, 93, 95, 97, 99

Risk Management
, 131, 133, 135, 137, 139, 141, 143, 145, 147, 149, 151, 153, 157

Risk sharing paradigm of
, 103–127

Role of Wa’d in Risk Management
, 131, 133, 135, 137, 139, 141, 143, 145, 147, 149, 151, 153, 157

Sale contract
, 141–142, 227

Sampled Islamic Banks
, 76, 124

Schwarz Bayesian Criterion (SBC)
, 114, 119–120, 122–123

Shari’ah-compliant asset
, 32

Shari’ah compliant stocks
, 3–24

Shari’ah Advisory Council (SAC)
, 135–136

Shari’ah Compliant Stocks
, 3, 6–8, 10–14, 18–20, 23–24

Sharpe ratio (SR)
, 88–89, 91, 94–95, 99

Six Islamic Exchanges
, 10

Size neutral momentum
, 9–10

Size neutral momentum profitability
, 20–23

Stakeholder orientation
, 213, 217, 219

Stakeholders
, 204, 219–220, 247, 249, 314, 344–345, 347, 353–354, 359

Stock level
, 7, 11, 14, 17–18

Stock momentum, individual
, 8–9, 13–14, 17–18, 24

Sukuk

asset-backed
, 30

legal infrastructure of
, 30, 42, 46

Sukuk ‘ijarah issuance
, 33–34

Sukuk holders
, 29, 32, 34–35, 37–38

Sukuk issuance
, 29–30, 32–33, 35, 41–46, 292

Sukuk market
, 40, 42, 45

Sukuk mudarabah issuance
, 33–34, 37, 46

Sukuk murabahah issuance
, 33, 35, 38, 46

Sukuk musharakah issuance
, 33–35, 37, 46

Sukuk structures
, 27, 29–33, 35, 42, 44, 46

Sukuk transactions
, 29, 32

Sukuk
, 27–46

Sustainable marketing
, 213–215, 217, 220

Trade financing products
, 131, 137, 147

Trust marketers
, 260

Unilateral promise
, 33, 132–133, 139–140, 144, 149–151, 156

Universiti Putra Malaysia (UPM)
, 298

Universiti Sains Islam Malaysia (USIM)
, 299

Variables
, 59–63, 65, 67, 69–70, 73–75, 77, 114, 116, 118, 120, 122, 124–125, 203–204, 348, 353

demographic
, 223, 231, 234–235, 240

independent
, 58–59, 65, 93, 116, 204, 256

Wa’d
, 131–135, 137–141, 143–145, 147–151, 153, 157

application of
, 136–138, 141–142, 144, 147–148, 151, 156

in risk management
, 131, 133, 135, 137, 139, 141, 143, 145, 147, 149, 151, 153, 157

Wa’dan
, 131–134, 141–142, 144, 150–151, 156–157

Winner portfolio
, 19, 22

World Bank
, 53, 112, 114, 167, 171

World economy
, 247–248, 255, 259

Zakat
, 326–331, 333, 335–337, 343, 345–347, 352–353

Zakat funds
, 326–327, 329–330, 332, 335–337, 346