Islamic Banking and Finance Revisited after Forty Years: Some Global Challenges

Uppal, Jamshed Y.; Mangla, Inayat Ullah

doi:10.58886/jfi.v13i1.2495

Cited by 11 publications

(3 citation statements)

References 8 publications

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“…We measured PoSC on 20 items adapted from several domain studies, such as Ahmad and Haron (2002), Buchari et al (2014), Uppal and Mangla (2014) and Ali, Hassan, Juhdi and Razali (2018) with sample item as "Islamic banks operate according to Shariah law". The KoIF is judged on seven items adopted from Hassan (2007), Fada and Wabekwa (2012) and Hidayat and Al-Bawardi (2012).…”

Section: Measurement Scalesmentioning

confidence: 99%

Intention to adopt Islamic finance through the mediation of attitudes towards Islamic finance

Shah

Bhatti

Anwar

et al. 2023

JIABR

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Purpose This paper aims to explore the intention to adopt Islamic finance (ItIF) through the mediation of attitudes towards Islamic finance among microbusiness owners of Pakistan. Design/methodology/approach The study is co-relational and based on cross-sectional data. The authors gathered the data from microbusiness owners through a survey questionnaire. The authors used 236 valid cases to assume the outcomes. Findings The results through structural equation modeling reveal a significant positive effect of the perception of Shariah compliance (PoSC), knowledge of the Islamic financial system (KoIF), religious preferences (RP) and loyalty on ItIF. Furthermore, attitude towards Islamic finance (AtIF) is a potent factor in developing the relationship between PoSC, KoIF, RP, loyalty and ItIF. Practical implications The study’s findings would be helpful for planners and policymakers in developing policies that favourably enhance the attitudes and intentions among individuals towards Islamic financing. The results would inspire readers to go to Islamic finance and an interest-free financial system enriched with Shariah law or Islamic obligations. The study would provide implications for the financial institutions in Pakistan and the rest of the Muslim world. Originality/value The study offers an apparent thoughtfulness of the empirical evidence from microbusiness owners of Pakistan. The study would provide a plausible mediating contribution of AtIF.

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Section: Measurement Scalesmentioning

confidence: 99%

Intention to adopt Islamic finance through the mediation of attitudes towards Islamic finance

Shah

Bhatti

Anwar

et al. 2023

JIABR

View full text Add to dashboard Cite

show abstract

“…The most significant distinction is Islam's prohibition on interest, which prevents Islamic banks from offering fixed-interest payments on deposits or imposing interest on loans (Chong & Liu, 2009). Conversely, Islamic law supports the premise that financial activities should be based on profit and losssharing (Uppal & Mangla, 2014). Another critical point is to ensure that every financial transaction must be supported by a financial transaction comprising a tangible asset (Beck et al, 2013).…”

Section: Islamic Bankingmentioning

confidence: 99%

Developing Sustainability Practices Reporting Measurement Framework For Islamic Banks in Indonesia: A Literature Synthesis

Hanisfy,

Afgani

2023

JIMS

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This study aims to develop a theoretical model and measurement framework for reporting sustainability practices in Islamic banks in Indonesia. A survey of 58 selected works of literature was conducted to identify key concepts and insights related to sustainability, social, economic, and environmental dimensions. The theoretical model incorporates these sustainability values and aligns them with Maqasid Al-Sharia, the objectives and principles of Islamic law. By integrating these principles, the model ensures that Islamic banks' sustainability practices in Indonesia are socially, economically, and ethically responsible. The measurement framework facilitates assessing and reporting sustainability practices, enabling Islamic banks to evaluate their social, economic, and environmental impact. This study contributes to sustainable banking by providing a comprehensive model and framework tailored to Islamic banks, promoting transparency, accountability, and responsible finance in Indonesia.

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“…Pesendorfer & Lehner (2016) stated that the main difference between Islamic and conventional banking institutions is that they need to provide interest on customer deposits and financing customers. Thus the Islamic banking system supports the concept that every financial and trade transaction is based on the principle of sharing profits and losses (Uppal & Mangla, 2014). For Muslim customers, of course, this is relatively easy to understand, but for potential non-Muslim customers, the concept is not yet widely understood, and the mechanism is understood, including what if a business financed by Islamic banking suffers a loss.…”

Section: Islamic Bankingmentioning

confidence: 99%

The adoption of the Islamic banking service: non-Muslim communities perception and intention

Kartika

Santoso

2022

SMBR

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<div data-canvas-width="592.164796613586">this study aims to reconfirm the theory regarding the intention to adopt the services of Islamic banking institutions. Respondents used in this study were obtained through the snowball technique as many as 89 non-Muslim communities. the sample was taken using the snowball technique with the main criteria, the respondent had never used the services or products of an Islamic banking institution. This research proves that only the perceived quality of information can have a significant effect by using the constructs of perceived quality of information, perceived benefits, and subjective norms. Previously, the data was analyzed using the bootstrapping technique on the Smart PLS application. One of the interesting findings from this research is that even though the respondents did not understand in depth about the operational mechanisms of Islamic banking institutions, they were informed that the features and explanations of each product offered through the media could be well understood. The main limitation in this study is, of course, the number of samples used. In addition, further research is also needed using more specific questionnaire items on one of the Islamic banking products or services.</div>

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Islamic Banking and Finance Revisited after Forty Years: Some Global Challenges

Cited by 11 publications

References 8 publications

Intention to adopt Islamic finance through the mediation of attitudes towards Islamic finance

Intention to adopt Islamic finance through the mediation of attitudes towards Islamic finance

Developing Sustainability Practices Reporting Measurement Framework For Islamic Banks in Indonesia: A Literature Synthesis

The adoption of the Islamic banking service: non-Muslim communities perception and intention

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