Abstract. The article discloses development peculiarities of the global Islamic financial industry and determines its interplay with the economic growth of Muslim countries. The aim of the article is to reveal current trends in key segments of the global Islamic finance market (Islamic banking, capital market and Iinsurance) and analyze the impact of each of them on the economic growth of the countries, which are most developed in the field of Islamic finance. The countries surveyed were selected according to the Islamic Finance Development Indicator (IFDI), which reflects the general state of the Islamic financial industry worldwide and in each country. IFDI is based on five indicators: quantitative development (QD), knowledge, governance, corporate social responsibility (CSR) and awareness. In 2019, the United Arab Emirates (UAE), Bahrain, Indonesia, Malaysia and Saudi Arabia were the most developed countries in terms of Islamic finance. Examining the impact of different types of Islamic financial assets on the GDP of these Muslim countries, we used Eviews10 to conduct a regression analysis, which showed a positive relationship between GDP and only two types of assets, namely bank and Islamic bonds (sukuk). associated with significant volumes of these segments of the global Islamic financial market and the tradition of investing in key sectors of the economy. We discovered the negative relationship between GDP and Islamic insurance (Takaful) in all countries studied, which can be explained by ineffective investment strategies of Islamic insurance companies, which suffer from low profitability and are unable to increase their assets in line with current trends in innovation and development. We also found the inverse relationship between Islamic funds and GDPs of the UAE, Malaysia and Saudi Arabia, which may be related to the distribution of financial resources from these countries to other parts of the world and investment cycles, including the waiting period before repatriation of profits and interest; the concentration of funds in major markets makes it impossible to scale their activities in the global market. Keywords: Global islamic finance, Islamic banking, Islamic capital market, Sukuk, Islamic funds, Takaful, Economic growth. JEL Classification G15, O43, O53, Z12 Formulas: 1; fig.: 1; tabl.: 5; bibl.: 20.
The aim of the article is to study the impact of gender on the professional development of university teachers and their motivation for professional advancement. The article analyzes gendered perceptions of the professional development in the Ukrainian academic sector based on the survey of teachers from Kyiv National Economic University named after Vadym Hetman (KNEU) (Ukraine). The respondents provided their assessment of conditions that support or destroy their academic careers. The findings showed significant divergence in gendered perceptions and attitudes toward motives, conditions and results of professional development at the university. Although all staff members were unanimously confident in their professionalism, the degree of satisfaction, perception of fairness and willingness to engage in management through initiatives was significantly lower among women. Female academics expressed a greater need for mentoring, while men showed greater interest in material incentives. Impressively, 11% of women versus 0% of men believe that their gender is an obstacle to their career. The study findings require the inclusion of gender aspects in the university’s development strategy and ensuring equal opportunities at all stages of HR management in academia.
Purpose – The article aims at discovering classes and clusters of EU member-states considering their levels of economic development and gender equality to foster the enhancement of EU cohesion policy. Research methodology – The methodology includes the grouping by two parameters, economic development and gender equality, and the cluster analysis, the “far neighbor principle”, agglomerative hierarchical classification algorithm and the usual Euclidean distance as the distance between objects. Findings – There are no gender equality laggards among EU member-states. More developed countries belong to gender equality leaders, while there are two gender equality leaders and one gender equality adopter among transition countries. The group of less developed countries consists of six gender equality leaders and seven gender equality adopters. Research limitations – The results of cluster analysis may be impacted by off-shore activity of Ireland and Luxembourg. Practical implications – The EU supranational bodies can use our results to develop more efficient cohesion policy tools to ensure the adherence to the principle of gender equality. Originality/Value – The study is a pioneer one in determining nine classes and five clusters of EU member-states considering their levels of economic development and gender equality, as well as in introducing three types of countries depending on their level of gender equality, namely gender equality leaders, adopters, and laggards.
Анотація. У статті розкрито взаємозв"язок між гендерною рівністю стосовно економічних можливостей та участі, та розширенням політичних можливостей жінок у країнах Причорноморського регіону, а саме Болгарії, Молдові, Росії, Туреччині та Україні. Нами проаналізовано вплив таких факторів, як співвідношення жінок і чоловіків у парламентах, співвідношення жінок і чоловіків на міністерських посадах, а також кількість років з жінкою на чолі країни (за останні п"ятдесят років) у співвідношення до чоловіків. Ми перевірили нашу гіпотезу про те, що три фактори є значимими для індексу економічних можливостей та участі вищезазначених країн. Нами було обрано рівень значимості t-Статистики 5 відсотків, так що у випадку α < 0,05 наша гіпотеза визнається правильною. Нашу гіпотезу було підтверджено тільки для Молдови стосовно впливу співвідношення жінок і чоловіків на міністерських посадах на рівень економічної гендерної рівності. Наші розрахунки показали, що зміни в економічних можливостях та участі пояснюються співвідношенням жінок і чоловіків на міністерських посадах на 66,64 процентів. При цьому існує позитивна кореляція між цими двома змінними, яка забезпечує максимальний теоретичний рівень економічної гендерної рівності 0,9 завдячуючи доволі високим стартовим позиціям гендерної рівності у цій країні. Наші результати вказали на те, що жінки на сьогоднішній день не здатні трансформувати свій зростаючий політичний вплив на економічні здобутки, отже, дослідження методів конвертації жіночої політичної емансипації в економічну гендерну рівність набувають актуальності.
scite is a Brooklyn-based organization that helps researchers better discover and understand research articles through Smart Citations–citations that display the context of the citation and describe whether the article provides supporting or contrasting evidence. scite is used by students and researchers from around the world and is funded in part by the National Science Foundation and the National Institute on Drug Abuse of the National Institutes of Health.
customersupport@researchsolutions.com
10624 S. Eastern Ave., Ste. A-614
Henderson, NV 89052, USA
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.
Copyright © 2024 scite LLC. All rights reserved.
Made with 💙 for researchers
Part of the Research Solutions Family.