Ethical Banking and Islamic Banking : A Comparison of Triodos Bank and Islami Bank Bangladesh Limited

Khan, Tariqullah; Mohomed, Amiirah Bint Raffick Nabee

doi:10.12816/0036190

Cited by 17 publications

(27 citation statements)

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“…Ample studies have been conducted in the area of Islamic banking and finance that examine the ethics and ethical practice of Islamic banking and finance. Khan and Mohomed (2017) conducted a comparative study that examined the ethical practices between "Islamic bank" [i.e., Islamic Bank Bangladesh Limited (IBBL)] and a bank that claimed [according to De Clerck (2009)] to be a pioneer in "ethical bank" (i.e., Triodos Bank, The Netherlands) based on the nonprofit motivation indicators, such as financial inclusion, microfinance, gender balance, SME financing, and green banking. The comparative study revealed that the subject related to "ethical bank" has been greatly understudied in Islamic banking industry.…”

Section: Liter Ature Re Vie Wmentioning

confidence: 99%

“…People at the workplace are confronted with the ethical issue on a daily basis, and how a decision is finally made by an individual is an interesting subject to understand and to take lessons from. While ample literatures are available to explain the pertinent issues such as the linkage between ethics and Islamic banks (Mansour et al, 2015), development of ethical frameworks in Islamic banking practices (Musa 2015), business ethics in Islamic context (Uddin 2003), ethical practices of Islamic banks and the importance of ethical behavior in Islamic banking and finance (Khan and Mohomed 2017), the reviews of these literatures have identified sizable research gaps with regard to operational risk, particularly involving people and their "ethical decision-making behavior". These gaps serve as justification for undertaking this study.…”

Section: Liter Ature Re Vie Wmentioning

confidence: 99%

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Portraying ethical reasoning in Islamic banking: Addressing the role of work experience

Shamsudheen

Rosly

2021

Business Ethics Env & Resp

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This study aims to examine the ethical dimensions of Islamic bankers, with a reference to the factors influencing decision-making behavior related to ethical issues based on al-Ghazali's ethical philosophy. The findings reveal the manner in which Islamic banking practitioners brace themselves into situations that warrant the use of reason in making decisions related to ethical issues, where desires tend to dominate human choices. While the guidance of divine knowledge has been found to be ineffective in decision-making, the element of satanic force was found to significantly influence this process. The insignificant heterogeneous effect of work experience suggests that banking authorities should intensify the capacity building in the area of ethical teachings and the foundation of Islamic faith, regardless of the job tenure of employees. This study contributes to the growing literature on the ethical aspects in Islamic banking and organizational behavior by offering important implications for understanding and refining the ethical stance related to Islamic banking practices based on the Islamic perspective.

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Section: Liter Ature Re Vie Wmentioning

confidence: 99%

Section: Liter Ature Re Vie Wmentioning

confidence: 99%

Portraying ethical reasoning in Islamic banking: Addressing the role of work experience

Shamsudheen

Rosly

2021

Business Ethics Env & Resp

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“…This innovative concept of ethical banking spread throughout Europe, where the first banks were set up to demonstrate that banking can be perfectly viable while preserving purely ethical-social criteria, which inspired the creation, in 1980, of the emblematic Triodos Bank [18][19][20][21]. In a certain sense, the concern for the conduct of a set of proper ethical practices is the primary raison d'être of Islamic Banking and Finance [19,[22][23][24][25], and it was precisely in this context that the project of creating a "Bank of the Poors" in which the fundamental idea that governs the operation of microfinance and microcredits was outlined [26]. This fact would eventually be recognized in 2006 with the achievement of the Nobel Peace Prize and led to the creation of the Grameen Bank in Bangladesh [27].…”

Section: Foundations Of the Ethical Bankingmentioning

confidence: 99%

Ethical Banking and Poverty Alleviation Banking: The Two Sides of the Same Solidary Coin

2021

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(1) Background: The growing number of banking entities linked to the field of banking since the 1980s requires a preliminary classification of this sector in order to identify the main stylized facts of this wide conglomerate of institutions oriented to financial sustainability as well as the establishment of an effective differentiation that can objectively distinguish the different types of institutions operating in this subfield of finance. The objective of this research is to obtain a frame of reference by determining the main defining characteristics of these entities and their differentiating elements, by verifying, on an analytical basis, the ways in which they provide a social service in the pursuit of financial inclusion. (2) Methods: A double methodological perspective is used jointly: Factor Analysis and Cluster Analysis. (3) Results: It was possible to delimit two significant groups: Ethical Banks per se and Poverty Alleviation Banks, defining their main differences and analogies. (4) The taxonomy conducted revealed that Ethical Banks per se are primarily established in developed countries, while Poverty Alleviation Banks focus their actions on developing nations. Based on this classification, we establish a series of practical policies that support the future deployment of sustainable banking.

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“…The past studies have analysed the relationship between green banking and sustainability, Shariah compliance and financing on green projects (Oyegunle and Weber, 2015; Syedul and Islam, 2017; Uddin and Ahmmed, 2018; Khan and Mohomed, 2017;Julia et al, 2016;Uddin, 2016). The behavioural characteristics of Islamic bankers and its impact on the growth of green banking have largely remained unexplored in the literature.…”

Section: R E S E a R C H O B J E C T I V E Smentioning

confidence: 99%

Islamic Bankers Green Behaviours and Its Impact on Green Banking Growth

Ali

Parveen

2018

Asia Pr soc sci

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This study focuses to categorise the types of green behaviours among Islamic bankers and the impact of these behaviours on the growth of green banking in Malaysia. The data was collected through a self-administrated survey questionnaire. McConnaughyâ€™s (2014) behavioural framework was adopted as a measurement scale. The findings prove that all five types of behaviours (conservation, work sustainability, avoiding harm, influencing others and taking initiative) of Islamic bankers have a significant positive impact on the growth of green banking. Particularly, taking initiative was the most influential behaviour for the growth of green banking. The major limitation of this study is the data collection from limited participants which is not an ideal scenario to generalise these findings. The findings are robust to develop green banking regulations, to shape a better green behaviour of Islamic bankers and to enhance green banking growth in Malaysia.

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Ethical Banking and Islamic Banking : A Comparison of Triodos Bank and Islami Bank Bangladesh Limited

Cited by 17 publications

References 0 publications

Portraying ethical reasoning in Islamic banking: Addressing the role of work experience

Portraying ethical reasoning in Islamic banking: Addressing the role of work experience

Ethical Banking and Poverty Alleviation Banking: The Two Sides of the Same Solidary Coin

Islamic Bankers Green Behaviours and Its Impact on Green Banking Growth

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