A shared boundary object: Financial innovation and engineering in Islamic financial institutions

Alamad, Samir; Hidayah, Nunung Nurul; Lowe, Alan

doi:10.1016/j.bar.2020.100958

Cited by 17 publications

(6 citation statements)

References 112 publications

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“…Islamic financial institutions (IFIs) offer a comprehensive range of financial services and products that comply with Islamic law (Shariah). A core service offered by IFIs is Islamic banking, which provides Shariah-compliant alternatives to conventional interest-based banking (Alamad et al, 2021). Islamic banks offer deposit accounts based on profit-and-loss sharing investment partnerships (mudarabah), financing through mark-up sale contracts like murabahah, and lend via interest-free loans (qard hasan) (Adam & Bakar, 2014).…”

Section: Literature Review Islamic Financial Institutionmentioning

confidence: 99%

“…Islamic capital markets are also central to IFI offerings. Shariah-compliant investment instruments like sukuk bonds and equity funds allow ethically channeling financing into the real economy and productive activities (Alamad et al, 2021). Screening processes ensure adherence to Islamic investing principles.…”

Section: Literature Review Islamic Financial Institutionmentioning

confidence: 99%

See 1 more Smart Citation

Leveraging Islamic Economic To Alleviate Poverty In Indonesia : A Promising Pathway

Syahrir,

Wahyudi,

Yunan

et al. 2023

IJEBM

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This empirical study explores the relationship between Islamic banking development, social justice promotion, and poverty reduction in Indonesia, using annual time series data from 1991 to 2021.. Methodology/approach The analysis encompasses unit root tests, Johansen cointegration tests, and Vector Error Correction Models (VECM) to assess short and long-term causality among the variables. The results provide robust evidence that expanding Islamic financial institutions and increasing spending on Islamic philanthropy significantly contribute to reducing national poverty levels over both the short and long-run. Islamic finance, characterized by equity-based principles, facilitates financial access for marginalized groups, while instruments of Islamic philanthropy such as zakat and sadaqah directly assist the disadvantaged, enabling pathways out of poverty. Findings – The findings underscore the potential of Islamic economics to foster equitable, inclusive, and sustainable growth, validating the need for policy support to harness its impact

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Section: Literature Review Islamic Financial Institutionmentioning

confidence: 99%

Section: Literature Review Islamic Financial Institutionmentioning

confidence: 99%

Leveraging Islamic Economic To Alleviate Poverty In Indonesia : A Promising Pathway

Syahrir,

Wahyudi,

Yunan

et al. 2023

IJEBM

View full text Add to dashboard Cite

show abstract

“…Governance control systems (Doloreux et al 2007 ; Lee and Yoo 2008 ; Rahman et al 2009 ; Yang et al 2017 ; Bekhet and Latif 2018 ; Yang 2018 ; Patterson and Huitema 2019 ; Agarwal 2020 ; Alamad et al 2021 )…”

Section: Main Determinants Of Institutional Innovationmentioning

confidence: 99%

Systematic review of institutional innovation literature: towards a multi-level management model

AlMalki

Durugbo

2022

Manag Rev Q

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Institutional innovation creates smart institutions that idiosyncratically thrive in a world of exponential change. Through policy-driven interventions and experiential learning, managers of institutions become adept at delivering praxis- and crisis-driven innovations required for survival and success. Similarly, the management of institutional innovation remains an interest in research due to links of this form of innovation to economic growth, and the demands of on-going major socioeconomic transformations due to technological advances, increased occurrences of major crises, and emerging socioeconomic challenges. Accordingly, a key question arising from the literature concerns the range of determinants and priorities that influence institutional innovation for delivering society value. Thus, the onus is on scholarship to capture and advance knowledge for harnessing the potency of institutional innovation. The purpose of this article is to analyse the current state of research on institutional innovation. Using the systematic review methodology, we identify and critically appraise 485 peer-reviewed scientific publications between 1969 and 2021. The review finds key determinants and management priorities with a view to developing a multi-level management model of institutional innovation. Guided by insights from the review, the article sets a research agenda for future management studies of institutional innovation.

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“…Penelitian ini memberikan saran agar lembaga-lembaga ini harus mempertimbangkan kembali praktik mereka dalam memodifikasi produk keuangan yang ada yang menghasilkan pengembangan finansialisasi/rekayasa keuangan yang mengantisifasi etika alternatif kompleks atau hanya menawarkan cara lain untuk mempertahankan hegemoni keuangan kapitalistik. Penelitian (Alamad et al, 2021) juga mengungkapkan bukanlah hal yang sederhana untuk memproduksi instrumen keuangan berbasis etika-iman. Hasilnya bagaimana lembaga keuangan islam harus dapat cair dalam pemberlakuan aturan syariah.…”

Section: Kerangka Regulasi Keuangan Islamunclassified

Tantangan Regulasi Keuangan Bagi Perkembangan Perbankan Islam:

Gultom

Pandapotan²,

Majid

et al. 2022

ajeks

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The literature study of this article aims to analyze the challenges that must be considered by financial regulators, especially for Islamic financial institutions (Islamic banking). Literature study through content analysis by discussing the book Intermediate Islamic Finance by Nabil Maghrebi, Abbas Mirakhor, and Zamir Iqbal Wiley publisher in 2016 and 30 articles from emerald and direct science publisher which is the world's best journal publisher with a scopus index. The results of the content search found seven challenges in financial regulation, namely the calculation of profit and loss sharing (PLS) still referring to the interest system, the practice of implementing contracts overshadowed by conventional contracts, capital and minimum liquidity regulations still referring to general regulations, regulatory indicators in assessing efficiency still referring to in the general (conventional) model, weakness of regulations requiring Islamic financial institutions in and supervision, weakness of regulatory control in implementing good corporate governance, weaknes of sharia law courts dealing with violations of sharia law. Financial regulations have not fully sided with Islamic banking (sharia). Financial regulations must continue to be adjusted and rearranged so that Islamic banking can develop and develop in a healthy manner with conventional banking and be resilient in the face of crises. Key words : challenges, finance regulation, islamic banking

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A shared boundary object: Financial innovation and engineering in Islamic financial institutions

Cited by 17 publications

References 112 publications

Leveraging Islamic Economic To Alleviate Poverty In Indonesia : A Promising Pathway

Leveraging Islamic Economic To Alleviate Poverty In Indonesia : A Promising Pathway

Systematic review of institutional innovation literature: towards a multi-level management model

Tantangan Regulasi Keuangan Bagi Perkembangan Perbankan Islam:

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