Islamic Finance: An Introduction

Abdelsalam, Omneya; El-Komi, Mohamed

doi:10.1016/j.jebo.2014.03.019

Cited by 13 publications

(9 citation statements)

References 11 publications

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“…A well-established branch of the literature indicates that religion has an important role in shaping the economic behavior of both individuals and organizations (Barro and McCleary, 2003;Stulz and Williamson, 2003;Lehrer, 2004;Vitell, 2009;Abdelsalam and El-Komi, 2014;Leventis et al, 2016). Within the realm of accounting, for instance, religiosity appears to operate as an institutionalized control mechanism that influences managerial decisions on corporate financial reporting (Callen and Fang, 2013).…”

Section: Introductionmentioning

confidence: 99%

Earnings management behaviors under different monitoring mechanisms: The case of Islamic and conventional banks

Abdelsalam

Dimitropoulos

Elnahass

et al. 2016

Journal of Economic Behavior & Organization

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128

149

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We investigate the impact of organizational religiosity on the earnings quality of listed banks in the Middle East and North Africa region. We analyze Islamic banking institutions, which operate within strict religious norms and extended accountability constraints, and compare them with their conventional counterparts during 2008-2013.We find that Islamic banks are less likely to manage earnings and that they adopt more conservative accounting policies. Based on these findings, we argue that religious norms and moral accountability constraints in these organizations have a significant impact on financial reporting quality and agency costs, which has implications for both regulators and market participants.

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Section: Introductionmentioning

confidence: 99%

Earnings management behaviors under different monitoring mechanisms: The case of Islamic and conventional banks

Abdelsalam

Dimitropoulos

Elnahass

et al. 2016

Journal of Economic Behavior & Organization

Self Cite

128

149

View full text Add to dashboard Cite

show abstract

“…But a lot of literature has showed that SMEs faced many obstacles in financing through conventional means (Steijvers et al, 2010;Rocha et al, 2011;Vasilenko & Arbaciauskas, 2012;Zubair, 2014). Many researchers (Khan & Bhatti, 2008;Aggarwal & Youssef, 2000;Ahmed, 2009;Ahmed, 2010;Abdelsalam & El-komi, 2014;Ernst & Young 2014;Naceur, Barajas, Massara, 2015) support the Islamic financing because it increase the growth rate in double digit and now a days it is most growing sector of economy. Islamic banking and financing has very great importance in Pakistan in gearing up the growth of SMEs.…”

Section: Figure 1: Theoretical Frame Workmentioning

confidence: 99%

“…Kauser, Durrani, Hussain and Hasan (2012) pointed out that banks were promoting large enterprises and neglecting the small enterprises which gave rise to huge financial gap between small enterprises and large enterprises, about 75% of finance applications of small enterprises were rejected in the one year by the commercial banks. There are many researchers (Aggarwal & Youssef, 2000;Ahmed, 2009;Ahmed, 2010;Al-Jarhi, 2013;Gheeraert, 2014;Abdelsalam & El Komi, 2014) worked to promote the Islamic finance to provide the solution financing obstacles for SMEs. The financing of SMEs through Islamic modes put direct effect on the growth of SMEs (Imam and Kpodar, 2015, Shaban et al, 2014, WB-IDB, 2015.…”

Section: Introductionmentioning

confidence: 99%

Impact of Financing on Small and Medium Enterprises (SMEs) Profitability with Moderating Role of Islamic Finance

Muneer

Ali

Ahmad

2017

IMBR

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Small and medium enterprises (SMEs) are the very significant for the development of economy of the country, grasp the attention of government and policy makers in developed as well as in developing countries. SMEs in Pakistan have their vital role in economic growth. Therefore, it is essential that SMEs have right to use sources of finance. The study used the quantitative approach that was accomplished by survey questionnaires. Two hundred SMEs and seventy bank branches were selected in Faisalabad region in Pakistan, to get response on questionnaires about their financing patterns and effects of Islamic financing as moderator in their fixed assets, set up and current assets financing. The study showed that fixed assets, set up and current asset financing have positive relation with the growth of SMEs and Islamic modes of financing was not behaved as moderator in Faisalabad city in Pakistan.

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“…Current literature confirms this view, as a strong polarisation between supporters and sceptics can be recognised, which makes it difficult to get an objective view on Islamic banking and finance through literature research (Fang, 2014). Despite the relevance of this topic, very few articles have been published in top journals until now (Abdelsalam & El-Komi, 2014).…”

Section: Introductionmentioning

confidence: 99%

Islamic Banking and Finance as an Ethical Alternative: A Systematic Literature Review

Pesendorfer

Lehner

2017

Preprint

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Despite huge global growth rates and a rapidly increasing importance ofIslamic banking and finance, research in this area still needs to be classified asnascent. Recent economic events have led to an increasingly critical attitudetowards the conventional banking and finance system, whereas Islamic banking isconsidered to be an ethical alternative not only in Muslim economies but alsoprogressively in the “western” world. As their business models have their originsin religious and ethical ideals, Islamic banks struggle to observe the foundationalShariah principles while simultaneously meeting applicable guidelines such asBasel III and flexibly adapt to the ever changing customer demands. Due to theincreasing importance of Islamic banking and finance, this article aims to analyseand summarise various aspects of current research and sets out to identify both,congruence and inconsistencies between the implied promise of an “ethical”alternative and the actual market.

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Islamic Finance: An Introduction

Cited by 13 publications

References 11 publications

Earnings management behaviors under different monitoring mechanisms: The case of Islamic and conventional banks

Earnings management behaviors under different monitoring mechanisms: The case of Islamic and conventional banks

Impact of Financing on Small and Medium Enterprises (SMEs) Profitability with Moderating Role of Islamic Finance

Islamic Banking and Finance as an Ethical Alternative: A Systematic Literature Review

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