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Since the election of June 2009, the Islamic Republic of Iran has witnessed a huge crisis with the outburst of street protests and demonstrations, challenging its validity. Indeed, it has been so intense that it has shaken the whole Islamic Republic for the first time since the 1979 Iranian revolution. What has happened since the disputed election was an upheaval few had anticipated, an opening of Pandora's box, with millions daring to question the, Velayate Fagih, the most important constituent of the Islamic Republic. This postelection period has created a “revolutionary”’ potential that has so far been met with repressive force and violence on the part of the ruling elites leaving no leverage for compromise. Of course, in the 30 years since the revolution, the Islamic Republic's power structures have faced factionalism. These recent developments demonstrate how deeply rooted run the contradictions and differences between the various groups. This upheaval has thrown all sorts of questions into the air: could Iran remain as a Republic? Or would Iran turn into a God's Kingdom, ever more dictatorial in its approach? Or would the splits within the ruling elites continue to crack the fabric of the regime? Will there be a similar schism to that which took place during the Constitutional Revolution in the early 20th century when a leading member of the clergy, Noori, was finally hanged in July 1909 for being openly against reform? Finally, what is the possibility of change beyond the Islamic Republic in Iran?

The purpose of this paper is to discuss some unique phenomena on Islamic fixed (sukuk) mutual fund price during financial global crisis in Indonesia. It aims to show that the sukuk mutual fund did not adopt the actual price of sukuk which may contradict Islamic teaching with regards to transparency and could cause investors to make wrong decisions. In addition the paper also aims to analyse correlation analysis, dependency of sukuk price to conventional bond and proposed recommendations.

The study applies benchmarking graph analysis, Pearson correlation as well as Correlogram Granger Causality test and Response to Cholesky. To show that sukuk did not adopt the actual price, benchmarking analysis and correlation analysis were conducted as additional tools.

The paper finds that the sukuk price movements were affected by the conventional bond and have a strong correlation, while the Islamic fixed mutual fund did not apply the actual price, which was unstabler. This has caused the fund to remain in a steadily increasing trend and stable; in addition, this has brought about good performance which actually did not show the real price.

This research is practically of benefit because it helps to show the correlation of price movement in sukuk and conventional bond. Fund managers should be transparent in marking the real price and prudent in managing the liquid reserve of the sukuk mutual fund.

This case may only occur in Indonesia as decreasing price of stocks and bonds in the USA has habitually caused the same to be seen as very expensive in some countries. Thus, bond price in Indonesia was affected significantly; this was actually caused by panic action. Foreign investors withdrew their funds because of liquidity and currency depreciation. On the other hand, an Islamic market that might be based on a conventional system was indirectly affected with benchmarking price problems. Sukuk mutual fund performance would look nice and stable as it did not adopt the actual price, this could mislead the performance analysis of the fund.

The purpose of this paper is to present the numerical solutions of surface radiation and combined natural convection heat transfer in a solar cavity receiver. The paper aims to discuss sundry issues that take place in the said model.

The numerical solutions are developed by means of second-order upwind scheme using the SIMPLE algorithm.

The effects of physical factors such as Rayleigh number (10⁴ ≤ Ra ≤ 10⁶), inclination angels of insulated walls (0º ≤ θ ≤ 10º) and the wall surface emissivity (0 ≤ ε ≤ 1) on natural convection-surface radiation heat transfer rate are analyzed. Impact of sundry parameters on flow quantities are discussed and displayed via graphs and tables. Stream lines and isothermal lines have also been drawn in the region of cavity. The numerical results reveal that increasing the Rayleigh number, wall surface emissivity and inclination angels of insulated walls in an open cavity enhances the mean total Nusselt number. The variations of the surface radiation and natural convection heat transfer mean Nusselt numbers are very small to the inclination angle of θ, while a significant change is noted for the case of Rayleigh number and emissivity.

To the best of authors’ knowledge, this model is reported for the first time.

The purpose of this paper is to determine and prioritize man-made threats that have the probability of occurring in civilian airports, as an important part of critical infrastructures in each country.

The paper is practical-developmental in terms of research type and its approach is descriptive. Desktop research methods and interviews (qualitative) have been used in identifying deliberate man-made threats that are faced by the civilian airports. Moreover, a questionnaire (quantitative) has been utilized to assess the civilian airports’ assets that are targets likely to be threatened and assess threats by determining and prioritizing.

The results of the paper show that the main threat faced by civilian airports is “Air and missile strikes.” An additional 15 threats endangering civilian airports that have been extracted and presented through integrating specialized literature were prioritized in the main components of civilian airports. This prioritization has been performed on the basis of the following five indicators: “Damage Severity,” “Threat Precedent,” “Target Attractiveness,” “Negative Consequences for the Enemy” and “Enemy Ability.”

This paper is extracted from master’s thesis that identifies and assesses the threats to civil airport, and prioritizes them, and the results were confirmed by the experts.

Iran has significant potential for an international tourism industry based on culture and heritage. However, the rich fusion of Persian and Islamic cultures that distinguishes Iran from the rest of the Middle East is not easily promoted for tourism internationally, mainly as a result of successive American and European attempts at forcing Iran's isolation since 1979. Given that Japan was a significant inbound and outbound market for Iranian tourism in the 1980s and is a close trading partner of the group of countries aligned against Iran at present, this chapter focuses on the recent development of the Iranian inbound tourism industry with the history and current status of the Japan–Iran tourism connection.

The purpose of this paper is to study the cultural integration, the role of national libraries in regional and international cooperation, Economic Cooperation Organization (ECO) national libraries’ barriers of cooperation and drivers of their cooperation and to propose a framework (conceptual and operational) for their cooperation.

Data collection tool of this survey was a researcher-made questionnaire, sent to 30 individuals and experts involved in cooperation of ECO National Libraries from eight institutions. The reliability of the questionnaire was calculated using Cronbach’s alpha. It was 0.91. In this study, for awareness of activities between ECO national libraries and extraction of drivers, some documents were studied, and preliminary data were collected by informal interviews with meeting stakeholders and participants.

The lack of stability in management positions was one of the major barriers in cooperation of the ECO national libraries. Other major obstacles in this context were lack of continuous communication, lack of common protocols and standards, lack of planning, lack of a central coordinating organization, bureaucracy, etc. Geographical proximity, common history and heritage, common resources, Islamic and cultural factors, importance of information and knowledge, requirements of the international system and political and security requirements were considered as drivers. An information centre was proposed for their active cooperation. Iran is better to host the information centre.

National libraries as the scientific and cultural memory of nations and heirs of written heritage should cooperate and share their valuable scientific and cultural heritage to the future generations.

The purpose of this paper is to examine the effect of earnings management (EM) on the reputation of family and non-family firms in companies listed on the Tehran Stock Exchange.

Data of variables under study are gathered from audited financial statements disclosed through official websites of firms Tehran Stock Exchange market using the multiple regression model for 156 firms during a five-year period (2012–2016). Two hypotheses are developed for achieving the objectives of the study. To analyze the data, a panel data model through Stata Software is applied. F-Limer and Hausman test are employed to modify the appropriate fitting regression model. Also, basic hypotheses of each model are implemented using the White and Hadri tests.

The obtained results suggest a negative and significant relationship between discretionary accrual (DA) management and the reputation of family firms. Furthermore, it is found that there is a significant and negative relationship between real accrual management and the reputation of family firms, and subsequently, there is a significant and negative relationship between DA management and non-family firms, and there is a significant and negative relationship between real EM and the reputation of non-family firms.

In this study, due to focus on the effect of reputation and special methods of authorities on family and non-family firms and EM, a number of firms which contribute to the literature of the field are proposed.

This study aims to examine whether corporate social responsibility (CSR) of Islamic banking is delivering financial returns or otherwise enhancing the cost.

The methodology of this study includes the content-analysis approach with aid of the CSR disclosure index, and it deploys the partial least squares regression to examine the CSR-financial performance relationship. Regarding CSR disclosure and financial measures, this study takes the data from the annual reports of Islamic banking of Pakistan, from the year 2003 to 2017.

The results of this study indicate that there is a significant positive relationship exists between CSR and financial performance of Islamic banks, consistent with the instrumental-stakeholder theory. These results imply that Islamic banks, which ensure that CSR is practiced extensively, and aim to positively affect their stakeholders, perform well. Hence, the CSR engagement by Islamic banks yields instrumental returns rather it is a cost.

Islamic banks of Pakistan must work on a better CSR policy, it would enhance the reputation of Islamic banks, on the other hand, it would also increase their capabilities to cope with future reputation damage and negative news, thus it would protect and secure the financial results. In addition to these, investors of Islamic banks must also look at the social and ethical engagements of Islamic banks of Pakistan, while making investment decisions.

In general, there is a dearth of research in the domain of CSR-financial performance regarding Islamic banking. This is one of the studies which contributes to this area.

This study aims to explore the potential determinants of customers’ satisfaction with the Islamic banking system and highlights the fact that both internal and external factors play key roles in customer satisfaction (CS) during the COVID-19 pandemic.

Primary data from six Islamic banks (Al Baraka Bank Ltd, BankIslami Pakistan Ltd, Burj Bank Ltd, Dubai Islamic Bank Ltd, Meezan Bank Ltd and MCB-Islamic Bank Ltd) were analysed using a binary logit method.

The results showed that internal factors such as hand sanitisation facilities, strict compliance with wearing a mask before entering the bank, the distance between customers and dealing officers, an organised network of branches (in terms of health safety protocols), the behaviour of dealing officers and extended banking hours contributed significantly to enhancing the satisfaction of Islamic banking customers during the pandemic in Pakistan. The results showed that high service charges on loans have a significant adverse impact on CS. Concerning external factors, the results showed that mass media platforms that can update customers about new services and customer transactions’ processing timing, the number of operational branches in the pandemic period, available parking space in front of a bank and recommendations from family and friends to open an account with a particular bank increase CS levels.

The study’s results will be helpful for the policymakers and practitioners to design such policies that can promote the Islamic banking system in developing countries such as Pakistan.

Under the pandemic situation, the present study highlights the internal and external determinants of Islamic banking customers’ satisfaction in Pakistan. The study provides a foundation for Islamic Banks to revise their policy frameworks and marketing strategies to attract customer interest and improve their satisfaction levels.