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1 – 10 of 19
Article
Publication date: 20 February 2020

Asim Iqbal, Anjum Siddiqui and Maryam Zafar

The study seeks to examine the extent and the causes of multidimensional poverty as opposed to the traditional unidimensional headcount poverty measures to understand the…

Abstract

Purpose

The study seeks to examine the extent and the causes of multidimensional poverty as opposed to the traditional unidimensional headcount poverty measures to understand the true face of economic deprivation in Punjab, Pakistan.

Design/methodology/approach

Poverty is measured through the Alkire–Foster index at the geographically disaggregated levels of divisions and districts, and the causes of pervasive poverty are analyzed through a logit model using the Multiple Indicators Cluster Survey (MICS) comprising of 95,238 households in 9 geographical divisions and their 36 districts.

Findings

It was found that poverty in Punjab is associated with larger household size, inadequate wealth, and low levels of educational attainment, and that both matric as well as post-matric education reduced the chances of poverty of household heads by approximately 19 percent. In addition to rural poverty, the study finds evidence of urban poverty across the geographical districts of Punjab. Contrary to common belief that chances of poverty are higher in females, it was found to be more likely in males. However, the statistical significance of gender as a determinant of poverty was not observed in the majority of divisions.

Practical implications

Practical implications were for focused policy interventions in poverty alleviation.

Originality/value

The analysis of determinants of multidimensional poverty at the geographically disaggregated level of divisions is an original contribution.

Peer review

The peer review history for this article is available at: https://publons.com/publon/10.1108/IJSE-01-2019-0037

Details

International Journal of Social Economics, vol. 47 no. 3
Type: Research Article
ISSN: 0306-8293

Keywords

Article
Publication date: 29 August 2008

Anjum Siddiqui

The purpose of this paper is to focus on various modes of Islamic finance and examines their risk and other characteristics by conducting a selective literature review.

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Abstract

Purpose

The purpose of this paper is to focus on various modes of Islamic finance and examines their risk and other characteristics by conducting a selective literature review.

Design/methodology/approach

Due to the Islamic prohibition of interest and in compliance with injunctions on permissible trade contracts, the savings and investment contracts offered by Islamic banks have a different risk profile than those of conventional banks. This gives rise to a number of regulatory issues pertaining to capital adequacy and liquidity requirements. Operational issues also arise as Islamic banks are limited in their choice of risk and liquidity management tools such as derivatives, options and bonds. All these issues are theoretically examined and various performance indicators of two Islamic banks are also examined to compare them with traditional banks that practice mark up pricing.

Findings

The balance sheets and various performance indicators show that there is evidence that Islamic banks in Pakistan tend to engage in little long‐term project financing. However, on the plus side these banks have shown good performance with respect to the returns on their assets and equity and have also demonstrated better risk management and maintained adequate liquidity.

Research limitations/implications

A larger set of banks across various countries needs to be examined before any substantive conclusions can be reached about the relative performance of Islamic versus conventional banks.

Practical implications

These largely pertain to central bank prudential regulations which must ensure that a level playing field is created for Islamic banks to compete with traditional banks.

Originality/value

The paper is a commentary on the risk characteristics of Islamic banks and also analyzes for the first time the performance of the only two purely Islamic banks currently operating in Pakistan.

Details

Managerial Finance, vol. 34 no. 10
Type: Research Article
ISSN: 0307-4358

Keywords

Content available
Article
Publication date: 1 August 2008

M. Ishaq Bhatti and M. Mansoor Khan

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Abstract

Details

Managerial Finance, vol. 34 no. 9
Type: Research Article
ISSN: 0307-4358

Article
Publication date: 8 December 2020

Sohni Siddiqui, Anjum Bano Kazmi and Zahid Ahmed

Aggression is an undesirable behavior that assaults traditions norms, morals and standards of ethics practiced in society. To address the scarceness of identification…

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Abstract

Purpose

Aggression is an undesirable behavior that assaults traditions norms, morals and standards of ethics practiced in society. To address the scarceness of identification tools and for evidence-based interventions in Pakistan, the purpose of this study is to determine the extent to which aggression is prevalent in Pakistan’s people by newly developed self-reported questionnaires in the Urdu language designed after reviewing the cultural and social perspectives of the society.

Design/methodology/approach

The research design was based on principles of scale development followed by exploratory and confirmatory factor analysis. A subject matter expert panel technique was adopted where educationists from diversified backgrounds helped to generate items and to establish content validity.

Findings

The three-factor construct has been supported by factor analysis. These analyzes identified aggression measures in terms of direct aggression, displaced aggression and indirect aggression. The model has established inner consistency, reliability and validity. Furthermore, the impact of age and gender on different forms of aggression was explored and discussed.

Originality/value

Aggression is a distinctive trait of many psychiatric disturbances. To undertake the dearth of identification tools and for evidence-based interventions in Pakistan, it was necessary to develop a tool for identification to address aggression issues among common people. This research is devised to develop a self-reported questionnaire in the Urdu language keeping cultural and social perspectives of society.

Details

Journal of Aggression, Conflict and Peace Research, vol. 13 no. 1
Type: Research Article
ISSN: 1759-6599

Keywords

Article
Publication date: 18 February 2022

Muhammad Iqbal Anjum

This paper aims to contribute an Islamic critique of various competing economic system’s theories of interest, which have evolved within the distinct ideological…

Abstract

Purpose

This paper aims to contribute an Islamic critique of various competing economic system’s theories of interest, which have evolved within the distinct ideological frameworks of distinct rival economic systems and religions from the point of view of discovering potential effective Islamic economic solutions of the interest-driven modern economic, financial and banking and debt crises and the related problems of inflation, extreme, wealth inequalities and extreme poverty.

Design/methodology/approach

This historical research paper portrays the chronological evolution of competing narratives and theories of interest in realms of religions, philosophies and rival economic systems for contributing their comparative review and critique from an Islamic point of view in light of the pertinent literature of multidisciplinary history of religions, philosophies and economic thought. It develops an Islamic critique of theories of interest in light of interactions among history of religious thought on interest, history of economic thought on interest and economic theories of interest and the interest-driven economic crises for highlighting potential Islamic interest-free solutions of the modern economic crises in the framework of the Islamic political economy. In light of an Islamic critique of various competing theories of interest, the paper presents pertinent economic policy recommendations for the governments of the countries of the contemporary Muslim world.

Findings

The interest-free Islamic economic, as well as banking theories and models, offer the potential practical exploitation-free and injustice-free humanitarian solutions of the contemporary persisting macroeconomic crises (national, regional and global economic crises, financial crises, debt crises and banking crisis). Current Islamic discourses on interest and interest-free Islamic banking have effectively promoted the popularity and growth of global Islamic banking industry in the Muslim world in the 21st century.

Practical implications

Keeping in view a general universal consensus of the Islamic jurists on the elimination of interest of all types from the economy, it is recommended for the Governments of the Muslim countries to implement a consensus-based Islamic banking model, which uses only the Islamic juristic consensus-based Islamic modes of banking and finance – Musharikah, Mudharabah and Al-Qardh Al-Hassan (interest-free loan) – for precluding the possibilities of emergence of controversies about the prospective Riba-free Islamic economic and banking system. Litmus test of the practical success of the interest-free Islamic universal economic and banking system is the successful elimination of all forms of Riba (interest) and all possibilities of its involvement in extractive and exploitative activities in letter and spirit.

Originality/value

This research paper contributes a comprehensive logical and objective critique of various competing prominent theories of interest from an Islamic economic point of view and highlights their pertinent practical macroeconomic problems-cum-consequences as well as the potential Islamic macroeconomic policy responses in the form of interest-free Islamic banking/monetary/fiscal policies.

Details

International Journal of Ethics and Systems, vol. 38 no. 4
Type: Research Article
ISSN: 2514-9369

Keywords

Article
Publication date: 27 May 2014

Masood Khan, Azeem Shahzad, Asia Anjum and Fazal M. Mahomed

– The purpose of this paper is to find analytic approximate solutions for time-dependent flow and heat transfer of a Sisko fluid.

Abstract

Purpose

The purpose of this paper is to find analytic approximate solutions for time-dependent flow and heat transfer of a Sisko fluid.

Design/methodology/approach

The homotopy analysis method is used to find a family of travelling wave solutions of the governing non-linear problem.

Findings

The effects of different parameters on the velocity and temperature profiles are shown graphically.

Originality/value

The analytic solutions of the system of non-linear ordinary differential equations are constructed in the series form for various values of the power index.

Details

International Journal of Numerical Methods for Heat & Fluid Flow, vol. 24 no. 5
Type: Research Article
ISSN: 0961-5539

Keywords

Book part
Publication date: 6 April 2021

Serhat Yüksel and Gözde Gülseven Ubay

No carbon gas is released into the atmosphere in electricity production with wind energy. Therefore, this type of energy is significantly environmentally friendly. On the…

Abstract

No carbon gas is released into the atmosphere in electricity production with wind energy. Therefore, this type of energy is significantly environmentally friendly. On the other hand, thanks to wind energy investments, a country can produce its own energy. This reduces the country’s foreign dependency on energy. Due to these positive aspects, increasing wind energy investments is very important for both the social and economic development of the country. The aim of this study is to define the most appropriate government support to improve wind energy investments. In this context, four different criteria are defined in this regard by making a detailed literature review. In the analysis process, fuzzy AHP methodology is considered. Within this framework, the comparative evaluations of three different experts are obtained. The findings indicate that providing loans with low-interest rate is the most appropriate government support for the wind energy investors. Additionally, it is also defined that tax deduction is another important issue for this purpose. However, it is also identified that appropriate location supply and purchase guarantee of the product produced have lower importance in comparison with the others. It is strongly recommended that governments should provide loans to the wind energy investors. This strategy can minimize the problem of high initial cost so that it can be much easier to attract the attention of the investors.

Details

Strategic Outlook in Business and Finance Innovation: Multidimensional Policies for Emerging Economies
Type: Book
ISBN: 978-1-80043-445-5

Keywords

Article
Publication date: 5 July 2021

Raed Khamis Alharbi, Sofri Bin Yahya and Salina Kassim

This study aims to examine the relationship between religiosity and branding on small- and medium-scale enterprises (SMEs’) performance in Saudi Arabia. It also examines…

Abstract

Purpose

This study aims to examine the relationship between religiosity and branding on small- and medium-scale enterprises (SMEs’) performance in Saudi Arabia. It also examines the mediating role of financial literacy on the relationship among Islamic religiosity, branding and SMEs’ performance.

Design/methodology/approach

This study adopts the purposive sampling technique in three major commercial cities, namely, Riyadh, Jeddah and Al-Qassim to sample 100 SMEs each, resulting in a total sampling of 300 SMEs in Saudi Arabia. Structural equation modeling is used to analyze the hypotheses formulated in this study. The structural equation modeling is aided with the help of Smart-PLS software.

Findings

This study finds that Islamic branding (on customer, compliance and origin) significantly affect financial attitude, while Islamic religiosity affects financial awareness among the SMEs. Findings reveal that there is a mediating role of financial awareness on the relationship between Islamic branding and Islamic religiosity with the SMEs’ performance. No mediation effect was recorded for financial attitude and financial knowledge. Further investigation reveals that financial attitude, financial awareness, Islamic branding (compliance and origin) and Islamic religiosity were the most significant determinants of SMEs’ performance in the context of Saudi Arabia.

Research limitations/implications

This study is conducted on SMEs in Saudi Arabia only. Further studies are required to examine SMEs in other Islamic countries and regions to improve the explanatory power of financial literacy on Islamic religiosity and Islamic branding for improved SMEs performance.

Originality/value

This study establishes that Islamic religiosity and branding could further increase the predictive power of financial literacy on SMEs’ performance. This study concludes that efforts to improve financial literacy should be religion-based as well as culture-based depending on where the SMEs are located so that specific strategies can be implemented, to enable the conducive growth of the SMEs and maximize the contribution of the SMEs to economic growth.

Details

Journal of Islamic Marketing, vol. 13 no. 12
Type: Research Article
ISSN: 1759-0833

Keywords

Article
Publication date: 30 August 2011

Hifzur Rab and Syeda Anjum

The paper's aim is to study the system of interest, its crippling of the market by monetary manipulation and creation of gross disparity and its consequences and to…

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Abstract

Purpose

The paper's aim is to study the system of interest, its crippling of the market by monetary manipulation and creation of gross disparity and its consequences and to explore an efficient Islamic alternative.

Design/methodology/approach

The application of science and its analytical tools analyses and solves economic problems. As regards Shariah perspective, it may be described as guided application of science to analyse and solve economic problems.

Findings

Gross inefficiency of the system of interest arises from its conflict with nature. Its sustenance requires monetary manipulation; however, the manipulation together with interest and gross disparity and deprivation created by it cripple markets that fail to determine just prices and to maintain vital economic balances and lead to gross inefficiency resulting in massive crisis. Monetary manipulation is serious fraud and a crime against humanity. Complexity of economic environment created by dominance of interest and its manipulation of currency has created gross misunderstanding among contemporary Islamic scholars and they have failed to project efficient Islamic alternatives. Removal of these misunderstandings and misunderstanding on the growth aspect of Zakah seem to be essential for freeing humanity from the clutches of the system of interest. Linking currency with a suitable well‐defined basket of national product provides a cost free exit from monetary manipulation. However, creation of mass awareness seems to be an initial first step.

Research limitations/implications

Application of scientific approach and scientific knowledge to economic issues, especially the issue of currency, wealth measurement and analysis of system performance needs higher emphasis, efforts and resources.

Practical implications

There is need to create awareness regarding massive losses the economy suffers due to interest and monetary manipulation and to persuade governments to link currency with a suitable and well defined basket of national product. Interest and monetary manipulation have no place in Islam and as long free floats continue to be manipulated those who shun interest and exploitation must correct their accounting for the element of fraud incorporated by monetary manipulation. Consumer price index and wholesale price index may be used as a measure of currency manipulation.

Originality/value

It is an analytical study of economic problems and their efficient solution. It is most important for researchers, academics, government functionaries, social workers and all those who are concerned with economic growth, justice and welfare.

Article
Publication date: 6 September 2021

Wajeeha Mushtaq, Ahmad Qammar, Imran Shafique and Zafar-Uz-Zaman Anjum

The purpose of this paper is to examine the influence of cyberbullying at work on employee creativity with moderating role of family social support (FSS) and mediating…

Abstract

Purpose

The purpose of this paper is to examine the influence of cyberbullying at work on employee creativity with moderating role of family social support (FSS) and mediating role of job burnout.

Design/methodology/approach

Using convenience sampling technique, data were collected from 212 employees working in manufacturing sector. The partial least square-structural equation modeling (PLS-SEM) was used to test the hypotheses.

Findings

Results reveal that cyberbullying has found to be negatively associated with employee creativity and positively linked with job burnout. Furthermore, job burnout has negative connection with employee creativity; however, job burnout does not mediate the link between cyberbullying and creativity.

Research limitations/implications

This study provides comprehensive insights in the literature about the negative workplace context (cyberbullying) as antecedent, job-linked psychological exhaustion (job burnout) as mediation and generation of original thoughts by employees (employee creativity) as consequence.

Originality/value

Examination of FSS as coping strategy and job burnout as underlying mechanism between the cyberbullying and employee creativity is the novelty of the present research.

Details

foresight, vol. 24 no. 5
Type: Research Article
ISSN: 1463-6689

Keywords

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