No abstract

Contribution/ Originality: This study evaluates the impact of the sixth-month automatic moratorium (2020) on Malaysian Islamic financial customers. Very limited studies illustrate its impact on Islamic financial clients' financial literacy and Islamic financial management. Some customers became prudent during the period. This study's findings show that employment type affects payment approach.

The purpose of this study is to look at how stock markets in Malaysia reacted to sukuk issuance announcements from 2004 to the post-2008 financial crisis by examining 50 selected companies listed in The

Teks khutbah negeri Johor merupakan satu platform penting dalam memberi peringatan serta nasihat kepada masyarakat Islam yang berada di Johor. Ia merupakan medium terbaik bagi menyampaikan pesanan kepada umat Islam berkenaan isu akidah, Syariah dan akhlak serta isu-isu semasa yang berlaku di negeri Johor. Kajian ini memfokuskan kepada dua aspek, iaitu; bentuk pemilihan tajuk khutbah dan status hadith yang digunakan untuk menyokong tajuk khutbah. Kedua-dua kaedah kualitatif dan kuantitatif diimplementasikan bagi menjawab objektif serta persoalan berkaitan penyelidikan. Selain kaedah analisis kandungan, kaedah takhrij hadith juga digunakan dalam kajian ini bagi menentukan status hadith, manakala analisis deskriptif diperoleh menggunakan perisian Statistical Packages for Social Sciences [SPSS 26.0]. Hasil kajian mendapati tajuk-tajuk teks khutbah sepanjang tahun 2017-2018 bersifat mendidik selain memberikan input-input penting berkaitan isu-isu agama dan membahaskan topik semasa yang berlaku di negeri Johor dengan sokongan dalil ayat al-quran dan hadith yang betepatan dengan tajuk. Namun begitu, penggunaan hadith dhaif di dalam teks khutbah perlu diberi perhatian oleh penulis supaya maklumat yang disampaikan tidak mengelirukan masyarakat.

The sukuk market in the Islamic capital market has undergone significant evolution and development. During the 2008 global financial crisis, the deteriorating economic condition of countries, especially Malaysia, as the biggest sukuk market in the world, has adversely affected the value of sukuk investments. The decrease of 33 percent in the total global sukuk issuance after the 2008 crisis generated a complicated situation among sukuk investors (classified sukuk as a risky investment), who then had increased the number of sukuk defaults. The high volatility affects long-term efficiency. The daily data of all sukuk indices are collected from Dow Jones Sukuk 1-3 Year Total Return Index (DJSUK3TR) and Dow Jones Sukuk 7-10 Year Total Return Index (DJSUK10TR). Accordingly, this research investigates the types of sukuk market efficiency before, during and after the 2008 global financial crisis utilising the GARCH-in-Mean (GARCH-M) model. The analyses are based on the Efficient Markets Hypothesis (EMH) and the Random Walk model. The results conclude that the sukuk index with a long-term tenure (DJSUK10TR) is the best market performance analysis. Overall, the sukuk market is recorded as an inefficient market. In short, the findings will provide valuable information, guidelines and give confidence to issuers, policymakers, regulatory bodies, and investors to invest and issue sukuk. The empirical contributions in this study show the importance of sukuk to encourage investors to invest in sukuk in order to increase economic growth and investment.