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Article
Publication date: 8 October 2018

Mohamed Battour, Fatemeh Hakimian, Mohd Ismail and Erhan Boğan

This paper aims to explore the perceptions of non-Muslim tourists towards halal tourism in Malaysia and Turkey. It also investigates the extent to which non-Muslim tourists are…

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Abstract

Purpose

This paper aims to explore the perceptions of non-Muslim tourists towards halal tourism in Malaysia and Turkey. It also investigates the extent to which non-Muslim tourists are willing to purchase certain types of halal products and services.

Design/methodology/approach

Qualitative data were collected by conducting 35 semi-structured interviews with non-Muslim tourists in Malaysia and another 25 in Turkey.

Findings

Six major aspects are identified that describe the perceptions of non-Muslim tourists towards halal tourism. This paper also provides some suggestions for destination marketers on how best to cater for Western tourists and increase international arrivals.

Originality/value

This paper explores the perceptions of non-Muslim tourists towards halal tourism which is totally new research in destination marketing. It provides some original insights into the interactions between the religion of Islam and non-Muslim tourists. The insight should be of value to authorities, the industry and academics in both the Muslim and non-Muslim worlds.

Details

Journal of Islamic Marketing, vol. 9 no. 4
Type: Research Article
ISSN: 1759-0833

Keywords

Article
Publication date: 8 May 2017

Salman Ahmed Shaikh, Mohd Adib Ismail, Abdul Ghafar Ismail, Shahida Shahimi and Muhammad Hakimi Mohd. Shafiai

This paper aims to integrate Islamic and mainstream economics framework towards a more realistic understanding of Muslim consumption behaviour.

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Abstract

Purpose

This paper aims to integrate Islamic and mainstream economics framework towards a more realistic understanding of Muslim consumption behaviour.

Design/methodology/approach

The model incorporates some of the Islamic institutions like period-wise deduction of Zakat from endowments. It also includes bequests which could be significant given the Islamic injunctions on inheritance distribution and the significance placed on the institution of family. Furthermore, the model integrates the assumption that consumption opportunity set will axiomatically filter out the prohibited consumption goods from the consumption set in both contemporaneous and inter-temporal consumption.

Findings

Zakat ensures contemporaneous redistribution from endowment surplus households (those having Zakatable endowments above Nisab) to endowment-deficient households (those having Zakatable endowments below Nisab). The lifetime resources are scaled down for endowment surplus households because of the payment of Zakat in both periods and leaving bequests in old-age period, while the lifetime resources are scaled up for endowment deficient households because of the receipt of Zakat in both periods and receiving the bequests in youth.

Originality/value

The authors show how some of the Islamic principles and institutions can be integrated in the mainstream economics framework, especially in research studies where the objective is to understand and describe reality rather than persuasion and idealization.

Details

Humanomics, vol. 33 no. 2
Type: Research Article
ISSN: 0828-8666

Keywords

Article
Publication date: 7 May 2019

Salman Ahmed Shaikh, Mohd Adib Ismail, Abdul Ghafar Ismail, Shahida Shahimi and Muhammad Hakimi Mohd. Shafiai

This study aims to comparatively analyze the performance of Islamic and conventional income and equity funds using various performance evaluation methods.

Abstract

Purpose

This study aims to comparatively analyze the performance of Islamic and conventional income and equity funds using various performance evaluation methods.

Design/methodology/approach

The authors comparatively analyze the performance of mutual funds using measures, such as tracking error, Sharpe ratio (1966), Treynor ratio (1965), M-square measure by Modigliani and Modigliani (1997) and information ratio. The authors also use market timing and selection measures, such as Treynor and Mazuy model (1966), Henriksson and Merton (1981) model and Fama’s decomposition approach (1973).

Findings

The authors find that Islamic equity funds are as much competitive as conventional equity funds. All Islamic equity funds have positive Sharpe ratio, Treynor ratio and net selectivity measure. Islamic equity funds are slightly less risky in general. Islamic equity and income funds generally have positive Jensen's Alpha and a positive market timing ability. However, the authors find that Islamic income funds generally underperform the market due to less Shari’ah-compliant investment class assets in the market.

Practical implications

It will help the industry players to assess their strategic positioning with regard to the commercial competitiveness of Islamic investments.

Originality/value

The authors take considerably large sample of 60 funds in Pakistan as compared to previous studies and also cover recent period (2006-16). For income funds, the authors construct an original benchmark index based on price and dividend data and use that in performance assessment.

Details

Journal of Islamic Accounting and Business Research, vol. 10 no. 3
Type: Research Article
ISSN: 1759-0817

Keywords

Article
Publication date: 14 October 2021

Muhammad Khalilur Rahman, Md Sohel Rana, Mohd Nazari Ismail, Mohd Zulkifli Muhammad, Muhammad Nazmul Hoque and Md. Abdul Jalil

Tourists often travel to different tourism destinations in advancing the knowledge of diverse cultures, environments, history and social aspects. The purpose of this study is to…

Abstract

Purpose

Tourists often travel to different tourism destinations in advancing the knowledge of diverse cultures, environments, history and social aspects. The purpose of this study is to explore tourists’ perception of halal tourism and its impact on word-of-mouth towards halal tourism destinations.

Design/methodology/approach

A quantitative research approach was applied in this study. Data were collected via 375 survey questionnaires and were analysed using partial least square method. Data were collected from Malaysia’s capital city and tourist spots in Kuala Lumpur, the administrative capital city in Putrajaya, and several cities in Selangor, the richest state in the country.

Findings

The findings revealed that trip quality has a higher significant impact on satisfaction and trip value. The perception of a halal tourism destination is found to have a significant influence on satisfaction and trip value. Trip value is significantly related to satisfaction but not associated with word-of-mouth (WOM). Satisfaction of tourists has a significant impact on WOM towards travel destinations.

Research limitations/implications

This study comes up with a novel understanding of the theory of tourism practices by estimating non-Muslim tourists’ perception and its significant influence of WOM towards tourism destinations. The results of this study are significant to industry practitioners, policymakers and marketers in promoting halal tourism. The results of this study provide useful insights for Malaysia’s tourism industry, particularly for the tourism marketing in Kuala Lumpur and Putrajaya cities as tourist destinations.

Practical implications

This study comes up with a novel understanding of the theory of tourism practices by estimating non-Muslim tourists’ perception and the influence of WOM towards tourism destinations. The results of this study are significant to industry practitioners, policymakers and marketers in promoting halal tourism.

Originality/value

This study examined the potential impact of non-Muslim tourists’ perception of halal tourism destinations and their WOM for halal tourism destinations.

Details

International Journal of Tourism Cities, vol. 8 no. 2
Type: Research Article
ISSN: 2056-5607

Keywords

Article
Publication date: 21 February 2024

Mohd Hafiz Hanafiah, Muhammad Aliff Asyraff, Mohd Noor Ismawi Ismail and Juke Sjukriana

The purpose of this study is twofold. The first objective is to identify the factors that affect Gen Z tourists' M-payment behaviour. Next, this study investigates the…

Abstract

Purpose

The purpose of this study is twofold. The first objective is to identify the factors that affect Gen Z tourists' M-payment behaviour. Next, this study investigates the inter-relationship between Gen Z tourist’s perception of M-payment benefits, adoption behaviour, usage risk and future usage intention.

Design/methodology/approach

The sample comprised Malaysian Gen Z individuals (n = 326) who had experience using M-payment methods while travelling outbound. Given the complex nature of the model and the goal to predict and explain relationships within Gen Z's M-payment usage, partial-least square-structural equation modelling was used to assess the study framework and test the proposed relationships.

Findings

This study reveals significant influences on Gen Z tourists' behavioural intentions towards M-payment usage. Perceived benefits, performance expectancy, social influence and perceived trust positively impact behavioural intentions, while effort expectancy exhibits no significant effect. Furthermore, perceived trust is strongly influenced by perceived security, which also positively influences behavioural intentions. A mediated relationship is evident as trust mediating the effect of perceived security on behavioural intentions.

Research limitations/implications

This study’s findings contribute to understanding the intricate relationships influencing Gen Z's M-payment behaviour and underscore trust's pivotal role in mediating the security–behavioural intention relationship.

Originality/value

This study is among the first to consider Mental Accounting Theory and the Unified Theory of Acceptance and Use of Technology as crucial underpinning theories in comprehending the intricate relationships that influence Gen Z travellers' perceptions and behaviours concerning M-payment systems.

Details

Young Consumers, vol. ahead-of-print no. ahead-of-print
Type: Research Article
ISSN: 1747-3616

Keywords

Article
Publication date: 12 June 2018

Salman Ahmed Shaikh, Mohd Adib Ismail, Abdul Ghafar Ismail, Shahida Shahimi and Muhammad Hakimi Mohd Shafiai

This study aims to examine the consumption behaviour in Organization of Islamic Cooperation countries.

Abstract

Purpose

This study aims to examine the consumption behaviour in Organization of Islamic Cooperation countries.

Design/methodology/approach

Using time series and panel data, this study estimates rational expectations permanent income hypothesis model and the intertemporal elasticity of substitution, and examines the response in consumption to expected and unexpected changes in income.

Findings

The evidence supports the phenomenon of loss aversion. The response of consumption to unexpected income changes is statistically significant in only one-third of the countries in the sample. Conversely, the response of consumption to expected income changes is statistically as well as economically significant in one-fourth of the countries in the sample. The intertemporal elasticity of substitution is also statistically insignificant in majority of OIC countries in the sample.

Practical implications

The evidence in support of loss aversion in preferences could help in explaining the low penetration of equity-based risk sharing instruments in Islamic finance.

Social implications

The excess sensitivity of consumption to income suggests that redistribution efforts to enhance incomes of poor households could help in enhancing their consumption levels.

Originality/value

The study takes a comprehensive sample across time and space for OIC countries as compared to previous studies and also adjusts the budget constraint for Zakat.

Details

International Journal of Islamic and Middle Eastern Finance and Management, vol. 11 no. 4
Type: Research Article
ISSN: 1753-8394

Keywords

Article
Publication date: 3 June 2019

Salman Ahmed Shaikh, Mohd Adib Ismail, Abdul Ghafar Ismail, Shahida Shahimi and Muhammad Hakimi Mohd. Shafiai

This paper aims to study the cross section of expected returns on Shari’ah-compliant stocks in Pakistan by using single- and multi-factor asset pricing models.

Abstract

Purpose

This paper aims to study the cross section of expected returns on Shari’ah-compliant stocks in Pakistan by using single- and multi-factor asset pricing models.

Design/methodology/approach

To estimate cross section of expected returns of Shari’ah-compliant stocks, the study uses capital asset pricing model (CAPM), Fama-French three-factor model and Fama-French five-factor model. Data for the period 2001-2015 on 217 companies are used. For the market portfolio, PSX-100 and Dow Jones Islamic Index for Pakistan are used.

Findings

The study could not find empirical support for CAPM using Lintner (1965), Black et al. (1972) and Fama and Macbeth (1973) approach. Nonetheless, the relation between beta and returns is positive in up-market and negative in down-market. The results of Fama-French three-factor and five-factor models suggest that size premium is positive and significant for explaining the cross section of stock returns of small size stocks, whereas value premium is positive and significant for explaining the cross section of returns of high value stocks.

Practical implications

The results suggest that fund managers can use Shari’ah-compliant stocks for portfolio diversification and for offering specialized investments given the positive market excess returns and the existence of size and value premium on Shari’ah-compliant stocks.

Originality/value

This is the first study on Fama-French (2015) five-factor model for Islamic capital markets in Pakistan.

Details

International Journal of Islamic and Middle Eastern Finance and Management, vol. 12 no. 2
Type: Research Article
ISSN: 1753-8394

Keywords

Article
Publication date: 4 July 2016

Mageswari Kunasegaran, Maimunah Ismail, Roziah Mohd Rasdi, Ismi Arif Ismail and T. Ramayah

This study aims to examine the relationship between talent development environment (TDE) variables of job focus and long-term development with the and workplace adaptation (WA) of…

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Abstract

Purpose

This study aims to examine the relationship between talent development environment (TDE) variables of job focus and long-term development with the and workplace adaptation (WA) of Malaysian professional returnees as mediated by the organisational support.

Design/methodology/approach

A total of 130 respondents who are Malaysian professional returnees participated in this study. The hypotheses formulated for this study were tested using partial least square-structural equation modelling version 3.

Findings

The mediation analysis has revealed a significant relationship between job focus and long-term development on WA via organisational support. Six out of seven hypotheses were accepted. The finding also indicates that the long-term development construct has a strong impact on the WA of Malaysian professional returnees.

Research limitations/implications

This study focused only on professional returnees from selected sectors of the National Key Economic Areas in Malaysia.

Practical implications

Organisational support mediating WA should be capitalised on by human resource development practitioners in public and private sectors to assist professional returnees in their WA through the talent development approach specifically on job focus and long-term development.

Originality/value

The findings from this study extend the knowledge of WA in the context of professional returnees in a developing country, Malaysia. The integration between the selected TDE variables and WA with the mediating function of organisational support adds new insights into the process of WA.

Details

European Journal of Training and Development, vol. 40 no. 6
Type: Research Article
ISSN: 2046-9012

Keywords

Article
Publication date: 16 October 2019

Abubakar Abubakar Umar, Ismail Mohd Saaid, Rashidah Mohd Pilus, Aliyu Adebayor Sulaimon, Berihun Mamo Negash and Nurul Suhana Abd Rahim

This paper aims to examine the effect of wax, calcites and clay on the stability of petroleum emulsions. It proposes a proxy model that takes into cognizance the presence of…

Abstract

Purpose

This paper aims to examine the effect of wax, calcites and clay on the stability of petroleum emulsions. It proposes a proxy model that takes into cognizance the presence of solids other than asphaltene and resin. This study aims to investigate the combined effects of these solids on the stability of emulsions and show their relevance or otherwise in the creation of petroleum emulsions.

Design/methodology/approach

This paper used synthetic emulsions based on a response surface methodology using different weight concentrations of wax, calcites and clay. A Box–Behnken design model was adopted and the effects of the different variables on emulsion stability were analyzed. The conventional visual observation (batch testing) was augmented with a more robust technique of studying emulsion stability (Turbiscan) based on light backscattering or transmission. Analysis of variance and other statistics were used to analyze the results.

Findings

The paper makes an available proxy model that can predict the stability of petroleum emulsions in the presence of wax, calcites and clays. The findings suggest that in the presence of significant amount of wax (0.3 Wt.%), the presence of relatively lower concentration of clay (0.1 Wt.%) produces very stable petroleum emulsions. The results show that the most stable emulsion is obtained when significant amount of wax exists in the continuous phase and that a concentration of calcites more than wax (in a ratio of at least 2:1) produces an emulsion that separates very fast, indicating low stability.

Research limitations/implications

Due to the variations in the amount of asphaltene and resins in crude oils, the proxy model cannot generally predict the stability of every emulsion that forms in the presence of these solids. To have a more general model, it should include asphaltene/resin. This can be tested further.

Practical implications

This paper provides useful information to the oil industry, especially where formation of severely stable emulsion is a problem. It also establishes the relationship that exists between solids in emulsion stabilization.

Originality/value

This paper satisfies a demand on the effects of other surface-active materials in addition to asphaltene/resin in stabilizing petroleum emulsions.

Details

World Journal of Engineering, vol. 16 no. 6
Type: Research Article
ISSN: 1708-5284

Keywords

Article
Publication date: 8 May 2017

Talib Ria Jaafar, Noor Iswadi Ismail, Mohd Fauzi Ismail and Eliasidi Abu Othman

This study aims to investigate the effect of different volume percentage (Vol.%) of steel fibre on the pressure, surface temperature and speed sensitivity behaviour during braking…

Abstract

Purpose

This study aims to investigate the effect of different volume percentage (Vol.%) of steel fibre on the pressure, surface temperature and speed sensitivity behaviour during braking process as known brake effectiveness and to propose the best steel fibre Vol.% in the formulation.

Design/methodology/approach

Three brake pads composed of three different steel fibre volume percentages were fabricated through powder metallurgy route. Selecting one sample as based formulations, steel fibre (Vol.%) was decreased and increased by 50 per cent in the other two samples, respectively. The other ingredients are proportionally increased and decreased accordingly to the base formulation. The samples were tested for determining their hardness, porosity and coefficient of friction (COF) using Rockwell hardness tester, hot bath and brake inertia dynamometer, respectively.

Findings

Test results indicated that Sample T1 which composed of 9 Vol.% of steel fibre had the lowest COF and was sensitive to applied pressure, surface temperature and speed. The samples which composed of 18 and 27 Vol.% of steel fibre were having the same trend of COF and were sensitive to surface temperature and speed. Sample T which composed of 18 Vol.% of steel fibre had lower brake pad and disc lost as compared to Sample T2 which composed of 27 Vol.%. Mechanical properties did not show any significant correlation with COF sensitivity with temperature, speed and pressure.

Originality/value

The sample with 18 Vol.% of steel fibre was found to be the best formulation which produced acceptable COF; less sensitive to temperature, pressure and speed during braking process; and better wear resistance of brake pad as well as the rotor.

Details

Industrial Lubrication and Tribology, vol. 69 no. 3
Type: Research Article
ISSN: 0036-8792

Keywords

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