Search results

1 – 10 of 229
Content available
Article
Publication date: 29 July 2021

Islam Kamal

This paper aims to compare the rebate computation in Islamic sale-based financing contracts as proposed by Bank Negara Malaysia (BNM) in its guidelines on ibr膩示 (rebate) 鈥…

Abstract

Purpose

This paper aims to compare the rebate computation in Islamic sale-based financing contracts as proposed by Bank Negara Malaysia (BNM) in its guidelines on ibr膩示 (rebate) 鈥 with the rebate computation in conventional finance that is applicable to conventional loans, thus examining if there is a significant difference between the two approaches.

Design/methodology/approach

The paper employs the qualitative analysis method, involving review and discussion of relevant literature. Subsequently, a quantitative analysis is utilized to compare both rebate computations: the one proposed by BNM for Islamic sale-based financing contracts and the conventional finance computation that is utilized in conventional loans.

Findings

BNM's rebate computation for debts resulting from sale-based financing contracts does not differ from the conventional finance rebate computation applied to conventional loans; such similarity may raise the usury concerns that the conventional finance rebate computation raises.

Research limitations/implications

The paper focused only on the fixed profit rate rebate computation proposed by BNM guidelines.

Practical implications

The results highlight the need for seeking another rebate computation to be applied in Islamic financial institutions in the case of mandatory bilateral rebate for sale-based financing contracts 鈥 a computation that differs from the practice utilized in conventional loans in order to avoid any usury implications associated with conventional finance computation.

Originality/value

The paper examines the rebate practice proposed by BNM for sale-based financing contracts. Forcing a predetermined rebate computation in sale-based financing contracts could be plausible as BNM requires; however, the suggested computation might be questionable because it resembles conventional finance computation.

Details

ISRA International Journal of Islamic Finance, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0128-1976

Keywords

To view the access options for this content please click here
Article
Publication date: 14 August 2021

Islam Mohamed Kamal

This paper aims to propose an Islamic compliant approach that deals with the prepayment rebate on debts resulting from cost-plus sales and their accompanied sale-based…

Abstract

Purpose

This paper aims to propose an Islamic compliant approach that deals with the prepayment rebate on debts resulting from cost-plus sales and their accompanied sale-based financing contracts. The proposed approach uses the time value of money concept without charging excessive fees from the debtor in the early settlement of debts.

Design/methodology/approach

The paper uses a qualitative analysis via analyzing and reviewing relevant literature. A quantitative analysis is subsequently used with a proposed computation that addresses prepayment rebate accompanied by debts resulting from cost-plus sales.

Findings

The proposed approach results in a rebate amount for the debtor greater than those rebate amounts resulting from either conventional finance techniques or current Islamic finance practices.

Research limitations/implications

The application of the descending rebate proposed computation in this paper is restricted to cost-plus sale and their accompanied sale-based financing contracts only. The computation does not address any agreement or deal that may involve a rebate without a selling transaction.

Originality/value

The paper criticizes the prevailing practices for computing rebates in the case of debt prepayment, whether those nominated by conventional finance or others currently employed by most Islamic financial institutions. The paper also introduces a new rebate computation aimed to comply with Islamic finance's real context.

Details

Journal of Islamic Accounting and Business Research, vol. 12 no. 7
Type: Research Article
ISSN: 1759-0817

Keywords

To view the access options for this content please click here
Article
Publication date: 31 July 2019

Md Shahidul Islam

The purpose of this paper is to examine the effects of social networks on contraceptive adoption in Bangladesh.

Abstract

Purpose

The purpose of this paper is to examine the effects of social networks on contraceptive adoption in Bangladesh.

Design/methodology/approach

Data were collected from 430 couples; the age of men was between 15 and 49 years. 2 test was applied to test the association between independent variables and current contraceptive use. Binary logistic regression was applied to examine the effects of social network on contraceptive use, and multinomial logistic regression was applied to examine the effect of social network on the choice of method.

Findings

Results from binary logistic regression reveal that social networks of both men (OR=2.71, 95% CI=1.371鈭5.354) and women (OR= 3.597, 95% CI=1.754鈭7.380) had a strong positive effect on current contraceptive use. The result from multinomial logistic regression also shows that men鈥檚 social network (OR= 2.74, 95% CI= 1.356鈭5.548) and women鈥檚 social network (OR=4.165,95% CI=1.958鈭8.860) were also associated with choosing a modern contraceptive method.

Originality/value

Social networks have a significant effect on current contraceptive use and modern method choice in Bangladesh. A social network approach should be included in family planning program in Bangladesh.

Details

International Journal of Human Rights in Healthcare, vol. 13 no. 1
Type: Research Article
ISSN: 2056-4902

Keywords

To view the access options for this content please click here
Book part
Publication date: 17 April 2018

Yousuf Kamal

This chapter investigates the perceptions of social audit within the context of the garment companies of Bangladesh. The chapter highlights two recent incidents that…

Abstract

Purpose

This chapter investigates the perceptions of social audit within the context of the garment companies of Bangladesh. The chapter highlights two recent incidents that claimed the lives of about 1,300 garment workers in Bangladesh. Based on the fact that Western clothing brands use social audits before sourcing their products from Bangladesh, this chapter investigates if any real change happens as a result of the information provided in the social audit reports.

Methodology/approach

The insights were gathered through conducting personal interviews with managers of social audit firms, corporate managers and various stakeholders of the textile and garment companies of Bangladesh. This chapter used the accountability theory to understand the perceptions of social audit.

Findings

The chapter finds that different stakeholders have different perspectives regarding social audits. The high-profile catastrophes within the supply chain garment factories of Bangladesh provided evidence that social audits did not help prevent such catastrophes in a different socio-economic context. The results have revealed stakeholder dissatisfaction with the procedures and content of social audits. It also finds that there is an expectation gap between the preparers and users of social audit reports.

Practical implications

The insights provided in this chapter would benefit garment manufacturers of developing countries and relevant stakeholders to demonstrate more accountability while conducting a social audit.

Originality/value

This is the first known chapter investigating stakeholders鈥 perceptions of social audit within the context of a developing country. More importantly, it focuses on responsible corporate behaviour in a socially sensitive industry.

Content available
Article
Publication date: 25 December 2020

Md. Shafiqul Islam

The purpose of this study is observing the disclosure pattern of integrated reporting (IR) and investigating its relationship with a firm's operational, financial and…

Abstract

Purpose

The purpose of this study is observing the disclosure pattern of integrated reporting (IR) and investigating its relationship with a firm's operational, financial and market growth performance measured in the form of return on assets (ROA), return on equity (ROE) and market-to-book value ratio respectively in the voluntary disclosure regime of Bangladesh.

Design/methodology/approach

This research is quantitative, based on a pooled-OLS regression analysis of 20 firms listed under ten different nonfinancial industries of the Dhaka Stock Exchange (DSE) for three financial years from 2015鈥2016 to 2017鈥2018, with 60 firm-year observations. A manual content analysis based on a structured integrated reporting disclosure index (IRDIN) measures the extent of disclosure in the corporate annual reports. The practical model consists of the dependent variable IRDIN and the independent variables ROA, ROE and market-to-book value ratio. The natural logarithm of total assets and financial leverage are the two controlling variables used in the model.

Findings

The findings deduced from the empirical results indicate that the IRDIN is positively and significantly related to all three performance variables. Content analysis shows an increasing pattern of disclosure of the constructed index elements by the sample firms.

Research limitations/implications

A Small sample size may deter the generalization of the research findings in other voluntary disclosure regimes. Self-constructed IRDIN index scores may be affected by subjective judgment while assessing the annual reports.

Practical implications

Capital market regulators can gain valuable insights regarding the suitability of implementing IR in Bangladesh as the results show a positive relationship of firm performance with the adoption of this revolutionary paradigm in corporate reporting.

Originality/value

This study adds value to the existing limited literature of IR disclosure and firm performance in Bangladesh by incorporating content analysis and regression analysis to understand how firms respond to the demand of value creation by the stakeholders in a voluntary disclosure regime. This study captures sample firms from all the nonfinancial industries of Bangladesh with a unique IR index, which is the first of its kind.

Details

Asian Journal of Accounting Research, vol. 6 no. 2
Type: Research Article
ISSN: 2443-4175

Keywords

To view the access options for this content please click here
Article
Publication date: 9 August 2021

Suvasish Das Shuvo, Md. Eunus Ali, Md. Masudur Rahman, Abu Taher, Md Asaduzzaman, Md. Toufiq Elahi, Md. Ashrafuzzaman Zahid, Dipak Kumar Paul and Deepa Roy

This study aims to evaluate the association between dietary patterns with health status and smoking-related knowledge, attitudes and practices (s-KAP) among Bangladeshi…

Abstract

Purpose

This study aims to evaluate the association between dietary patterns with health status and smoking-related knowledge, attitudes and practices (s-KAP) among Bangladeshi adolescent smokers.

Design/methodology/approach

An analytical cross-sectional study was conducted among 205 randomly selected adolescents. Socio-demographic, health status, s-KAP related data were collected in face-to-face interviews. Dietary intake data were calculated using the food frequency questionnaire.

Findings

The practices score (44.8%) was comparatively poor among adolescent smokers. Among the respondents, around 56.1%, 38.1% and 49.3% were suffering from gastric problems, nausea and the loss of appetite, respectively, because of smoking. There was a significant relationship between dietary diversity and the occurrence of several diseases such as gastric problems, nausea and loss of appetite. The respondents who consumed fresh fruits and vegetables regularly might reduce gastric problems (OR: 0.53, 95% CI: 0.27鈥1.04 and OR: 0.64, 95% CI: 0.25鈥1.65), nausea (OR: 0.72, 95% CI: 0.38鈥1.37 and OR: 0.28, 95% CI: 0.13鈥0.84) and loss of appetite (OR: 0.52, 95% CI: 0.32鈥1.21 and OR: 0.16 95% CI: 0.27鈥0.68).

Originality/value

In conclusion, smoking has been associated with multiple health problems because of poor practices score. Consumption of a balanced diet, better smoking-related knowledge, attitudes and practices needs to be improved among adolescents.

Details

Nutrition & Food Science , vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 0034-6659

Keywords

To view the access options for this content please click here
Article
Publication date: 5 March 2018

Jameel Ahmed, Ahamed Kameel Mydin Meera, Muhammad Yusuf Saleem and Patrick Collins

This paper aims to apply the doctrine of siyasah shariyyah to a policy proposal in the area of monetary economics, namely, the Grondona system of conditional currency…

Abstract

Purpose

This paper aims to apply the doctrine of siyasah shariyyah to a policy proposal in the area of monetary economics, namely, the Grondona system of conditional currency convertibility, which has been proposed as a practical means of resisting the economic instability caused by the present-day fiat money system.

Design/methodology/approach

The paper uses library research to review the literature relevant to the Grondona system, and examines the extent to which its operations conform to the principle of siyasah shariyyah, thereby encouraging Maslahah, i.e. the public interest.

Findings

It has been found that the Grondona system conforms to the philosophy of siyasah shariyyah because it promotes public welfare in a number of ways. First, it is based on the fundamental principle of Prophet Yusuf鈥檚/Joseph (peace be upon him) economic planning, which is accumulating reserves of primary commodities during times of plenty and releasing those reserves of commodities during periods of scarcity. Second, it provides the necessary linkage between the monetary world and the real economy. Third, it could be implemented in parallel with the existing monetary system by using the national currency. Fourth, it would help the least developed countries of the world, which mainly depend on exports of primary commodities (mostly agricultural).

Research limitations/implications

Because of the chosen research approach, this research study is theoretical in nature. Therefore, researchers are encouraged to evaluate the system from economic perspective based on simulation for the purpose of possible implementation.

Practical implications

The paper includes important implications for the policymakers in the Organization of Islamic Cooperation countries for the possible implementation of Grondona system.

Originality/value

This paper fulfils an identified need to apply the philosophy of siyasah shariyyah to the area of monetary economics.

Details

Journal of Islamic Accounting and Business Research, vol. 9 no. 2
Type: Research Article
ISSN: 1759-0817

Keywords

To view the access options for this content please click here
Book part
Publication date: 2 July 2010

Krista M. Brumley

Purpose 鈥 The purpose of this chapter is to contribute to the literature on work, gender, and globalization using an intersectional approach.Methodology 鈥 The data for…

Abstract

Purpose 鈥 The purpose of this chapter is to contribute to the literature on work, gender, and globalization using an intersectional approach.

Methodology 鈥 The data for this chapter are derived from two years of qualitative fieldwork at a Mexican multinational corporation. I conducted in-depth, semistructured interviews with 86 employees at all levels of the organizational hierarchy as well as content analysis of the company magazine.

Findings 鈥 My findings suggest that globalization leads to similar benefits for women and men, with respect to autonomy and decision making in the workplace, but are framed distinctly depending on class. Globalization is gendered in that it offers an additional benefit of economic independence to women. Women at different levels of occupational prestige, however, experience the globalizing process in diverse ways. I conclude by suggesting that globalization results in a tension within the company in how to incorporate female workers in a more meaningful manner.

Originality/value of chapter 鈥 Research on globalization in the developing world primarily examines factory workers or women in certain occupations, such as domestic workers. This study focuses on an overlooked group of workers that includes female and male white-collar workers. It offers a comparative analysis of the gendered and class-based effects of globalization on workers of different ranks within the same company. Most globalization studies on Mexico center on the Maquila industry, whereas this study examines workers in a Mexican-owned international company.

Details

Interactions and Intersections of Gendered Bodies at Work, at Home, and at Play
Type: Book
ISBN: 978-1-84950-944-2

To view the access options for this content please click here
Article
Publication date: 19 March 2020

Hanudin Amin

The purpose of this study is to examine the critical success factors (CSFs) for the receptiveness of Islamic home financing in Malaysia.

Abstract

Purpose

The purpose of this study is to examine the critical success factors (CSFs) for the receptiveness of Islamic home financing in Malaysia.

Design/methodology/approach

A framework of the CSFs for the receptiveness of Islamic home financing is developed. The framework evaluates the effects of product type, competitive value proposition, Islamic debt collection policy, Islamic bankers' knowledge and maqasid al-Shariah compliance on the receptiveness. Data from 744 usable questionnaires are analysed to confirm the applicability of the framework in Islamic home financing context.

Findings

The results suggest that product type, competitive value proposition, Islamic debt collection policy, Islamic bankers' knowledge and maqasid al-Shariah compliance are significantly related to the receptiveness of Islamic home financing.

Research limitations/implications

Two limitations are available for future studies. Firstly, the respondents of this study are limited to Malaysians, signifying further testing of the proposed model across different geographies is required to determine the generalisability of the model. Secondly, the contributions of the proposed framework are confined to a specific area of Islamic banking products. Thus, extending the framework to other banking products or conducting a comparative study between Islamic home financing and its conventional peer can improve its generalisability.

Practical implications

The results obtained offer a fresh direction on how to market Islamic home financing products successfully, where the new CSFs are brought into play.

Originality/value

This study examines the new proposed CSFs for the receptiveness of Islamic home financing in Malaysia.

Details

International Journal of Emerging Markets, vol. 15 no. 5
Type: Research Article
ISSN: 1746-8809

Keywords

To view the access options for this content please click here
Article
Publication date: 25 January 2013

Muhammad Mohsin Butt and Muhammad Aftab

The purpose of this paper is to empirically investigate the influence of consumer attitude towards Halal banking on e鈥恠ervice quality and e鈥恠atisfaction, in an online…

Abstract

Purpose

The purpose of this paper is to empirically investigate the influence of consumer attitude towards Halal banking on e鈥恠ervice quality and e鈥恠atisfaction, in an online Islamic banking context. The proposed model also aims to investigate the relationships among e鈥恠ervice quality, e鈥恠atisfaction, e鈥恡rust and e鈥恖oyalty.

Design/methodology/approach

A questionnaire was designed to collect data from the regular users of online services of Islamic banks in Pakistan. Convenience sampling method was adopted to collect data from the existing customers of six Islamic banks, residing in five major urban centres of Pakistan. A total of 350 questionnaires were distributed, out of which 292 returned questionnaires were suitable for further analysis. Structural equation modelling procedure was used to test the proposed research model.

Findings

The results of this research suggest that attitude towards Halal banking positively influences perceived e鈥恠ervice quality and overall e鈥恠atisfaction with the online services of Islamic banks. Furthermore, perceived online service quality enhances customer e鈥恠atisfaction and their e鈥恖oyalty towards the bank. Similarly, e鈥恡rust mediates the relationship between e鈥恠atisfaction and e鈥恖oyalty.

Practical implications

This study enhances our understanding of how specific religious attitudes can positively influence consumer assessments of a bank's perceived e鈥恠ervice quality and their overall e鈥恠atisfaction with it.

Originality/value

Much of the previous research on Islamic banking has been descriptive in its nature. This study contributes to the existing literature by exploring the causal effect of attitude towards Halal banking on consumer perceptions about the e鈥恠ervice quality and e鈥恠atisfaction with the online services of Islamic banks.

1 – 10 of 229