The Islamic Economics Philosophy and Application Reality in the Existing Islamic Economic Activities in the World

Bhuiyan, Abul Bashar; Ismail, Abdul Ghafar; Nor, Mohd Zakhiri bin Md.; Ali, Md. Jafor; Solaiman, Mohammad

doi:10.46281/ijscgr.v3i2.850

Cited by 7 publications

(7 citation statements)

References 3 publications

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“…Customers will feel more appreciate as they able to conduct proper ethical business. For example, in Islamic Banking, any transaction involving the parties, agreement will be set in accordance with Shariah framework Bhuiyan, Ismail, Islam, et al, 2020;Bhuiyan, Ismail, Nor, et al, 2020). Therefore, there will no hidden charges and all the clauses are clear.…”

Section: Relationship Between Transparency and Customer Satisfactionmentioning

confidence: 99%

“…It is correlated with underlying principles of Islam such as mutual risk, profit sharing, and transparency for all transactions. Islamic Bank is a financial intermediary, a custodian of people's money and wealth management that differs from the conventional perspective (Bhuiyan, Ali, Islam, Alam, & Solaiman, 2020;Bhuiyan, Ismail, Islam, et al, 2020;Bhuiyan, Ismail, Nor, et al, 2020). It includes the prohibition of business that involves with interest, alcohol, gambling, pork, and others that are deemed to be contradicted with Shariah Law (Rahmi, Azma, Obad, Zaim, & Rahman, 2020).…”

Section: Introductionmentioning

confidence: 99%

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Customer Perception of Services Quality of the Islamic Banking in Malaysia During Covid-19 Pandemic

2022

IJBMF

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The aims of this study is to explore the factors that affect customers’ satisfaction with Islamic banking services in Malaysia during Covid-19 pandemic. The study is basically conducted on the basis of primary data collected by a well-structured questionnaire using Google Form. The respondents were 102 customers of Islamic Banking in Malaysia by using a simple random sampling technique. Both descriptive and inferential statistics have been used in the study. Descriptive statistics include percentage, mean, standard deviation and inferential statistics include, Reliability test, ANOVA, and Multiple Regression analysis. Regression analysis applies to find the casual effect relationship between dependent and independent variables. The study results show that reliability, competence, and service quality have a positive and significant relationship with customer satisfaction except transparency. The study reveals that reliability, competence, and service quality significantly affect customer satisfaction of Islamic banking services during Covid-19 pandemic but transparency has no effects on satisfaction during the pandemic situation. The study emphasizes that the Islamic banking institutions in Malaysia should focus the reliability and competency to enhance the quality of services during the crisis periods and to meet the customers’ expectations which led to customer loyalty.

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Section: Relationship Between Transparency and Customer Satisfactionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Customer Perception of Services Quality of the Islamic Banking in Malaysia During Covid-19 Pandemic

2022

IJBMF

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“…One of the things that must be the basic basis for traders in carrying out their work is to practice Islamic teachings, not only seeking big profits but also blessings blessed by Allah SWT (Anwar et al, 2019;Bhuiyan et al, 2020). This worldly life is only temporary and is a bridge to the afterlife.…”

Section: Economic Law Perspective On Street Vendor Strategymentioning

confidence: 99%

Street Vendor Strategies for Increasing Income from a Sharia Economic Law Perspective

Wahyudi,

Jafar

2022

IJRER

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The problem studied in the thesis concerns sales strategies for street vendors. The research aims to find out the buying and selling procedures for street vendors in carrying out their strategies to increase income under Sharia economic law. In answering this problem, the author uses a sharia economic and sociological approach, while the type of research used is qualitative. With data collection procedures through field research, the author's data collection technique is to conduct observation, interviews, and documentation. In terms of data management and analysis techniques used by the author, namely inductive and deductive methods. The results of the research show that the strategy of street vendors to increase income from a sharia economic law perspective is analyzed from the traders' income as well as in terms of their strategy. Marketing is based on maintaining product quality, setting prices, carrying out promotions, strategic locations, and providing good service. From the perspective of Sharia economic law, seen from street vendors in Atapange Hamlet, some traders commit fraud by reselling the rest of their merchandise, but some act honestly according to Islamic law in terms of the quality of their merchandise.

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“…Qard Al Hassan means beautiful, kindly, and benevolent loan. It is, basically, a welfare aimed interest free loan, in which the creditor may get return only the principle amount depending on the economic conditions and moral obligation of the borrower to return it (Bhuiyan, Ismail, Nor, Ali, & Solaiman, 2020;Iqbal & Shafiq, 2015;Mohieldin, Iqbal, Rostom, & Fu, 2011). The holly Quran narrated the importance of quard al hassan in different verses (2:245; 57:11 &18; 64:17) and almighty Allah assures manifold return of it.…”

Section: Qard Al Hassanmentioning

confidence: 99%

The Higher Education Financing Based on Islamic Shariah: An Unconventional Approach of Student Loan

2021

AESR

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Quality Higher Education transforms human life into meaningful human resources. Moreover, it brings qualitative changes in humankind and socioeconomic development with the help of extended knowledge and higher skills. But, most of the traditional student loan mechanisms are based on interest (riba) therefore, many devout Muslims are struggling with traditional student financing, as interest (riba) is impermissible in Islamic shariah. This study aims to analyze student financing concepts based on shariah perspective and to evaluate the shariah issues that are associated to its application. The present qualitative study adopts mostly relied primary and secondary sources of Islamic shariah such as Quran, Hadith, Islamic Jurisprudence, and Islamic scholars’ views. The deliberations evolve at reviewing on the shariah concept of Qard-al-hassan, Qard-bil-ujrah, waqf (Islamic trust bank), and takaful. Finally, the present study highlights that the higher education financing based on the shariah concept could also be generalized into education financing that would be interest(riba) free and acceptable to the Muslim community at large.

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The Islamic Economics Philosophy and Application Reality in the Existing Islamic Economic Activities in the World

Cited by 7 publications

References 3 publications

Customer Perception of Services Quality of the Islamic Banking in Malaysia During Covid-19 Pandemic

Customer Perception of Services Quality of the Islamic Banking in Malaysia During Covid-19 Pandemic

Street Vendor Strategies for Increasing Income from a Sharia Economic Law Perspective

The Higher Education Financing Based on Islamic Shariah: An Unconventional Approach of Student Loan

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