Islamic Corporate Social Responsibility: An Exploratory Study in Islamic Microfinance Institutions

Muhammad, Helmi

doi:10.13106/jafeb.2020.vol7.no12.773

Cited by 13 publications

(11 citation statements)

References 42 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…This, in turn, will reduce emigration and expedite rural development (Gupta, 2014). Microfinance may be a new way to stimulate growth in the developing world's most impoverished regions (Khavul, 2010;Muhammad, 2020). Yusuf (2006) emphasizes the Muslim Ummah's opposition to Western culture.…”

Section: Background Of the Researchmentioning

confidence: 99%

Factors Affecting the Acceptability of Islamic Micro-Finance in Emerging Economy

Ansari

Hanif

Ahmed

2021

JBSEE

View full text Add to dashboard Cite

Purpose: Microfinance institutions impose a very high interest rate only to enhance the wealth of owner of the institution and stockholders. However, Islamic microfinance is the opposite of traditional microfinance; it is a form of interest-free financing dedicated to societal well-being. The research's primary objectives are to identify public knowledge of Shariah-based microfinance and ascertain the factors that contribute to the acceptance of Islamic microfinance in Pakistan. Design/Methodology/Approach: This study investigated the significance of shariah-based microfinance in Pakistan, which is based on the Islamic financial system, and used a quantitative descriptive technique to estimate the factors. Findings: There are several factors that give to the acceptability of Islamic banking. The most important variables are: cost-benefit analysis, business support, product and service quality, religious obligation, awareness and knowledge, trust and reputation. After an examination of all the acceptability factors, it was found that each factor has an effect on the acceptability of Islamic microfinance in Pakistan. Implications: The study has various implications for policymakers wishing to promote Islamic microfinance at the national and international level.

show abstract

Section: Background Of the Researchmentioning

confidence: 99%

Factors Affecting the Acceptability of Islamic Micro-Finance in Emerging Economy

Ansari

Hanif

Ahmed

2021

JBSEE

View full text Add to dashboard Cite

show abstract

“…58 This responsibility is carried out with the spirit of utilizing and fostering the community related to social and religious issues, welfare, public policy, good governance, and professional management based on ethics and Islamic law. 59 Reading religious books in Islamic law and Sufism provides lessons for business activities and human relations with other humans both socially and economically. Both of these studies identify from an Islamic perspective that business goals are not only pursuing material interests but also oriented toward the afterlife.…”

Section: Results and Discussion Zakat Infaq Sadaqah And Waqf In Indon...mentioning

confidence: 99%

Islamic Philanthropy Fiqh in Modern Context

Naisabur¹,

Putra²,

Naisabur³

et al. 2023

Al-Muamalat: Jurnal Ekonomi Syariah

View full text Add to dashboard Cite

This study aims to determine Islamic philanthropy in a modern context. Islamic philanthropy is taken from the religious doctrine of the Qur'an and hadith as a human and religious commitment so that Islamic charity appears as zakat, infaq, alms, and endowments. This type of research is qualitative with a literature study method. Data collection techniques in literature study are through books, articles, journals, and research reports related to the problem being researched. The results of the study found that in Indonesia, practices in zakat, waqf, infaq, and sadaqah (Ziswaf) are seen as economic symbols of justice and democracy, being able to place economic resources in their proper place. In conclusion, Islamic philanthropy in the modern context is a stylish way of managing one's social generosity in the context of carrying out muamalah activities among fellow human beings.

show abstract

“…Indeed, these products are embodied in the ethical principles of the Sharıah (Islamic legal, ethical system). These principles generally aim to integrate social concerns, building justice between the money holder and the entrepreneur (Ullah & Jamali 2010;Darus et al, 2015;Muhammad, 2020). One of the most important ethical principles is the ban on interest.…”

Section: Ehs In Ibs As Actors Of Market Disciplinementioning

confidence: 99%

Equity Holders' Market Discipline in GCC Countries

2022

ijafr

View full text Add to dashboard Cite

This paper aims to study Equity holders'(EHs) discipline in three GCC countries, Bahrain, the UAE, and KSA for the period (2004-2014). We test bank risk monitoring in the 2008 crisis period by comparing the perceived risk proxied by BETA during the pre-and post-crisis episodes. We find significant differences in BETA values in Bahrain and the UAE. Then, we use the fixed effect model and the random effect model to regress BETA on CAMEL variables measuring bank risk. We study bank reaction by regression relevant CAMEL variables to EH monitoring on BETA of a lagged period. Our results show that in Bahrain, the coefficients of the variables Liquidity and Size are significant. Thus, EHs, in Bahrain, monitor their bank using financial information on Liquidity and Size. However, we find no responsiveness of the banks to this monitoring. Thus, there is no evidence of EHs' discipline in GCC countries. We contribute first, to fulfilling the gap in market discipline literature in Emerging countries, specifically, Bahrain, KSA, and the UAE. Second, we shed light on the market discipline of a special type of banking-IBs. Third, we innovate a new monitoring signal, BETA values assessed by EHs.

show abstract

Islamic Corporate Social Responsibility: An Exploratory Study in Islamic Microfinance Institutions

Cited by 13 publications

References 42 publications

Factors Affecting the Acceptability of Islamic Micro-Finance in Emerging Economy

Factors Affecting the Acceptability of Islamic Micro-Finance in Emerging Economy

Islamic Philanthropy Fiqh in Modern Context

Equity Holders' Market Discipline in GCC Countries

Contact Info

Product

Resources

About