Amirul Afif Muhamat

Amirul Afif Muhamat
Universiti Teknologi MARA | UiTM · Faculty of Business & Management

Doctor of Philosophy (thesis on Takaful), awarded by University of South Australia
Leading a research group under the Transdisciplinary Research Grant Scheme (TRGS).

About

75
Publications
42,698
Reads
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191
Citations
Additional affiliations
January 2009 - March 2020
Universiti Teknologi MARA
Position
  • Lecturer
Description
  • i. Coordinator of International Accreditation (2017-2018) ii. Head for Department of Postgraduate and Professional Studies (2018-2020) iii. Deputy Dean (Research & Innovation) (2020-2022)
June 2006 - July 2008
Shell Global
Position
  • Executive
Education
December 2017 - January 2018
Islamic Banking and Finance Institute
Field of study
  • Associate Qualification in Islamic Finance
December 2012 - May 2016
University of South Australia
Field of study
  • Commerce (Takaful)
January 2008 - January 2009
Durham University
Field of study
  • Islamic finance

Publications

Publications (75)
Article
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The article is published in a reputable magazine, Dewan Ekonomi published by Dewan Bahasa & Pustaka. The article highlights the importance of humanitarian sukuk and the contribution of the instrument to society.
Article
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The study investigates the potential for takaful operators to collaborate with the government by using drones to identify victims in the event of a mass disaster. It is critical to emphasise that takaful operators are not part of the government agencies involved in the search and rescue (S&R) operations. Nevertheless, takaful operators are part of...
Research
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It discusses on the needs for takaful operators and the insurance companies to adopt drone in their operations especially during disaster.
Article
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Studies examining the interplay between brand transgression and brand forgiveness is notably sparse especially in the context of Southeast Asian banking customers. The purpose of this research is to add to the existing literature by examining the impact of brand transgression, which is represented by negative past experience, image incongruence, an...
Chapter
This chapter discusses the Takaful operators' corporate social performance which has been given limited attention in previous studies as compared to financial performance. In addition, essential features of Takaful operators like structure and models are presented. These aspects influence the way Takaful operators perform their social obligations w...
Article
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The newspaper article emphasises on the importance of takaful protection for flood.
Article
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Waqf land bank in Malaysia has huge potential to be developed but most of the lands are underutilized due to the administrative and legal (conventional and Shariah) issues that are plaguing them. The underutilized land size is estimated to be around 87% from the 30,000 hectares waqf lands, as at 2018. This study focuses on Selangor and Perak to exp...
Article
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This study aims to measure the efficiency of the general takaful operators in Malaysia with the selected inputs, labour cost and management fees. On the other hand, the output used is gross contribution. General takaful operators are the institutions governed by the Islamic Financial Services Act 2013 (IFSA). IFSA 2013 is the key statute governing...
Article
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The article discusses on the role of ar-Rahn (Islamic pawning) to assist the B40 during Covid-19 pandemic. The article was published in Dewan Ekonomi (October) 2021.
Article
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The article discusses on the exchange-traded funds (ETFs) in the context of Malaysia. Published in Dewan Ekonomi (September) 2021.
Article
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Takaful operators are part of the Islamic financial institutions that are expected to achieve the commercial and social objectives by their stakeholders particularly the takaful participants (policyholders). First, this study aims to postulate a new framework to measure cost effectiveness by including the social and economic benefits of drone-assis...
Article
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Purpose Waqf (endowment) lands constitute as among the highest types of waqf (endowment) properties in Malaysia; yet it is still unable to reach its maximum potential due to various challenges such as capital, location, legal and administrative issues. Therefore, this study intends to explore these issues by focussing on the two states in Malaysia...
Article
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The exchange-traded fund (ETF) industry has proliferated, attracting increased attention as it expands. From only one fund, the S&P 500 SPDR, in 1993, the ETF market grew to 1,000 funds by the end of 2009. As of May 2020, there are over 7,100 ETFs trading globally. Global ETF assets under management (AUM) grew from 417 billion US dollars in 2005 to...
Article
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Islamic banks are expected to be profitable and socially responsible. The Islamic home financing is the biggest contributor for Islamic commercial banks' earnings. Likewise, the home financing clients are either buyers of newly constructed houses or sub-sale houses and each one of them has a different experience. Nevertheless, the sub-sale house bu...
Article
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This paper aims to discuss conceptually on how students of Faculty of Business and Management UiTM view the various service quality dimensions of their lecturers. The study is unique because it is the first time UiTM implemented the Open and Distance Learning (ODL) instead of the usual face-to-face learning, due to the Malaysia government's instruc...
Article
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The Covid-19 pandemic has affected various groups including households, local community, corporations as well as public sector. Attempts have been taken to reel from the adverse pandemic impact but such recovery is at slow pace because the pandemic is still presence. Other than government agencies, local NGOs and Social Entrepreneurs (SE) which are...
Article
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Macroeconomic variables may influence the issuance of Sukuk. The purpose of this study was to determine the relationship between macroeconomic variables namely Gross Domestic Product (GDP) per capita, inflation, rules of law, corruption of control and political stability. This study used a panel data study consisting of 11 countries that were mostl...
Article
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Corporate governance is an effective mechanism to supervise and evaluate decisions made by a firm. It also could curtail the agency cost and information asymmetry between the management and stakeholders. The role of corporate governance thru the presence of board of directors has received increased attention across a number of disciplines in recent...
Article
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The article reviews past literature on the governance aspect of takaful operators. This aspect has been given limited attention in literature on Islamic finance compared to other components such as Islamic banking and Islamic capital market. Therefore, major articles concerning governance issues of takaful operators are discussed and special consid...
Article
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This article discusses the sustainability of an Islamic CSR programs by assessing the satisfaction and their quality of life. A series of semi-structured interviews were conducted with the beneficiaries of the CSR programs through the platform established by the bank, Bank Islam Malaysia Berhad which is known as the Sadaqa House. Three key informan...
Article
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Purpose: This study assessed the determinants that influence takaful operators' financial performance because takaful operators need to consider the determinants so that the companies able to fulfil their roles without serious financial problems. Design/methodology/approach: This study used secondary data to assess the financial information from 20...
Article
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The decision of retail investors is heterogeneity and less sophisticated compared to institutional investors. Retail investors have limited access to information and possess inadequate investing skills and experiences. Therefore, retail investors are more prone to apply behavioural biases to facilitate their decision-making process. This study atte...
Article
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This study explores conceptually potential of Waqf lands for agribusiness, and the positive impact it could have on the B40 group. B40 is a group of people based on the income line which occupies the lowest pyramid of household income in Malaysia. Likewise, this is the group that always being given attention to the government so that they will not...
Article
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Yayasan Inovasi Malaysia (YIM) is the body which has been entrusted to lead the grassroots innovation development in the country. Through the innovation grants such as MaGRIs and HIP6, many innovators have received the benefits. Therefore, this study assessed the projects performance of the grants recipients through questionnaire survey based on th...
Article
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Zakat is a form of financial assistance in Islam that is regarded as having a socioeconomic function for the Muslims. Nevertheless, in a multicultural society like Malaysia, Zakat is being perceived as biased and not being universal for humanitarian purpose since the fund is allocated for the Muslims. The Covid-19 pandemic has affected many countri...
Article
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Operational practices of Islamic venture capital and conventional venture capital in Malaysia differ from one another, specifically with regards to their investment activities where the investment of Islamic venture capital is restricted to Shariah compliant funds and businesses only. As at 2018, there are 64 Venture Capital Management Corporations...
Research
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Takaful operators are expected by the policyholders to act beyond the role of traditionalinsurance companies that only offer Shariah-compliant protection services. They are expected to be commercially viable. One of the ways to be commercially viable is takaful operators must be able to invest the policyholders' funds in the profitable investment a...
Article
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The importance of capital structure management has been the issue of intense attention. Firms need to manage their capital structure to ensure that their operations continue profitable and further growth shareholders fund. The aim of this paper is to provide the evidence on the determinant’s capital structure among Malaysia Shariah compliant tradin...
Article
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This paper is aimed at advancing empirical indications on micro variable factors determining systematic risk in Shariah complaints firms listed on Bursa Malaysia. This paper also attempts to identify whether the Shariah compliant firms are showing the same micro variables factors that determine systemic risk. The systematic issues have become the m...
Chapter
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Chapter 34 Corporate Social Performance of Takaful Operators: This chapter presents discussion about the takaful operators' corporate social performance which has been given limited attention in previous studies as compared to financial performance. In addition, essential features of takaful operators like structure and models are presented. Thes...
Article
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This paper aims to explore the readiness of takaful operators to integrate waqf as part of their product feature by assessing on the components of as proposed in the New Product Development Model: marketing supports; formalized development process and top management supports. Questionnaire was employed in this survey and takaful operators' employee...
Article
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The Islamic banking system stems from an interest free economic transaction model, which was introduced well in the early days of Islam. Even though the development of Islamic banking in the southern hemisphere is not as rapid as in the northern hemisphere, this does not imply that small western countries such as New Zealand are not interested in t...
Book
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This book provides insights into the essential components of takaful operator. It discusses on the foundation aspects of takaful which is divinely driven. There are many books on takaful; however not many provides discussions on the struggles of the industry especially dilemma the industry needs to consider between the social or community motives a...
Article
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The aim of this empirical study is to explore the factors that affect the capital structure of construction firms and to investigate whether the capital structure models derived from Western settings provide convincing explanations for capital structure decisions of the Ma laysia firms. This study focuses on Shariah compliant construction companies...
Article
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Purpose As custodians of takaful contributors’ tabarru’ (donation) funds, takaful operators are expected to fulfil a stewardship role propagated under the precepts of Islam. The purpose of this paper is to analyse takaful operators’ stewardship, focusing on investment practices. Design/methodology/approach Structured interviews were conducted with...
Article
The 2007-2009 Global Financial Crisis showed that despite reported as ‘healthy’ financial institution prior to crisis had indeed suffered many problems including liquidity during the crisis. Thus, there is confusion on the healthy financial institutions, leading to loss of confidence on the overall stability of the banking system. Thus, there is an...
Chapter
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Albeit Malaysia is considered as one of the key active players of Islamic Financial Market industries, there are still limited studies that have been conducted on the hybrid securities issuance in the Islamic capital market. The underlying objectives of this study are to enrich the literature review by providing comprehensive analysis of the hybrid...
Chapter
The sustainability of productive economy should also be supported by the Islamic banking industry, through the realization of Shariah principles, especially in promoting trade and the halal economy. Trade financing is one of the main banking facilities offered by Islamic banks in Malaysia. However, as of 2016, Islamic trade finance represents only...
Article
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Malaysia’s determination to become a hub for Islamic banking in Southeast Asia has led the Central Bank of Malaysia to grant licenses to foreign Islamic banks to operate in the country. Due to the intense competition among Islamic banks, the introduction of more innovative products is projected to tap investment opportunities not only for Malaysia...
Article
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This paper aims to determine the factors that will affect the volatility of natural rubber price (represented by SMR20) in Peninsular Malaysia. With the objectives of describing the high volatility in natural rubber (NR) price may be a result of demand of NR (import), supply of NR (export), currency exchange rate and crude oil price. The data used...
Article
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Capital structure choice is vital in corporate financial management due to its effect on both return and risk to investors. As such, the objective of this research is to analyse the capital structure of listed shariah compliant plantation companies in Bursa Malaysia. The factors that influence the level of debt in this research are profitability, t...
Article
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The failure of companies to remain profit incurred gradually over several years. Market value of a company under financial distress will reduce; as suppliers prefer cash basis payment on the delivery terms and this may cause a cancellation of order from the customer since the anticipated items would not be delivered on time. Several factors can lea...
Article
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Agents are the sales force of insurance companies or takaful operators. Nevertheless, agents are not the insurer’s staff; rather they are external party who are interested to be affiliated with the insurer by being compensated in form of commission when they managed to close new case (able to get new policyholder). This study appraised factors that...
Article
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This paper aims to investigate the impact of liberalisation move by Bank Negara Malaysia (BNM) towards the efficiency of domestic and foreign Islamic banks (IBs) in Malaysia. This is consequence of decision of BNM that awarded licenses to three international IBs, namely Kuwait Finance House (KFH), Al Rajhi Bank, and Asian Finance Bank in 2005. In a...
Conference Paper
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Abstract Capital Structure is one of the prolific domains of research in corporate world. An unplanned capital structure may often lead to failure and bankruptcy of a firm. Considering the importance of debt as an important decision in overall performance of firms, the present study examine, analyses and discover the industry benchmark on how capit...
Article
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Takaful operators are expected to process claims submitted within a reasonable period and to disburse claims accordingly once the requirements have been met. Nevertheless, a large number of claims will affect the financial position of takaful operators since the compensation will be paid out from the participants’ special fund (PSA). If a takaful o...
Article
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Takaful is interchangeably referred as Islamic insurance. In Malaysia, the takaful sector is part of the main components for Islamic finance industry. The business can be divided into two: general and family takaful. To ease understanding on this niche sector; general takaful is comparable to general insurance while family takaful is akin to life i...
Chapter
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Waqf is a form of charity deed which is spiritually rewarded by Allah with 70 times of returns as stated in verse of Al-Baqarah, 261. This act of philanthropy is not only confined for the spiritual reward per se, but also has the economic effect that can bring benefit to the community. The revival of waqf in the context of finance and economic acti...
Article
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The greenhouse gas (GHG) effect is a world environmental issue and it requires every country to participate and contribute towards reducing the effect and improving world’s environment condition. In the context of Malaysia, the Prime Minister has announced that the country will adhere to the Paris Agreement by aiming to cut 45% of the GHG emissions...
Article
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This paper aims to assess the influence of corporate social performance (CSP) categories which are legal, ethical, economic and discretionary responsibilities over the Dummy Islamic Bank’s (the original name of the bank is remained confidential) financial performance. There are four components of CSP and findings indicate that this Islamic bank has...
Article
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Capital structure decision is vital in corporate financial management due to its influence on both, return and risk to shareholders. Pecking Order Theory propagates that external capital such as debt or equity is more expensive than internal fund. This is due to the information asymmetric between a firm and investors on the real value of both curre...
Article
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Takaful operators (Islamic insurance companies) which are part of Islamic financial institutions (IFIs) derive their fundamental principles from shariah. These religious based institutions are expected to fulfill the two important roles in their business operations: commercially profitable and socially responsible. Nevertheless, their societal role...
Article
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The idea of cooperative is not alien to Islam. Islam, as a complete religion and the way of life for human being has propagated the spirit of cooperative in its teachings. The notion of cooperative is exemplified in Islamic muamalat (business) contracts as displayed by the partnership based contracts (musharakah and mudharabah); specifically for kh...
Article
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Purpose – The purpose of this paper is to evaluate and measure the business model of the state welfare organization in assisting and ensuring the business success of its entrepreneurs or zakat recipients. Design/methodology/approach – A survey was employed to obtain feedback from the recipients of zakat for small businesses under the scheme of entr...
Article
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Kajian ini membincangkan tentang potensi rejuvenasi terhadap tanah wakaf yang terbiar untuk diusahakan bagi aktiviti pertanian. Data sekunder berkenaan saiz dan lokasi tanah wakaf telah dikumpulkan melalui kerjasama pihak berkuasa; Majlis Agama Islam Kedah (MAIK) dan Pejabat Tanah Daerah Kota Setar. Data ini kemudiannya dianalisa bagi mendapatkan m...
Article
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The study intends to measure the contributors' response from the initiative launched by EPF that permits the hajj registration through savings in EPF. The study incorporates questionnaire 5 Likert scale format which distributed to 350 EPF contributors within the Klang Valley region of which 174 were filled and returned. It is consistent with Roscoe...
Article
Purpose - the study intends to measure the demand side of this activities focusing on the non-Muslims by excluding the religiosity from the research framework. Design/Methodology - A survey is employed in getting feedback from the clients of Ar-Rahnu services around Klang Valley. Findings - The respondents in general agree that two of the variables...
Article
The purpose of this paper is to evaluate and measure the role of Lembaga Zakat Selangor in ensuring business success for its zakat recipients. Design/Methodology - A survey is employed in getting feedback from the recipients of zakat for small businesses under the scheme of Entrepreneurial Asnaf or Usahawan Asnaf Zakat. Findings - The respondents i...
Article
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Purpose – The purpose of this paper is to measure the sensitivity of the banks' customers towards the adoption of Arabic terminology in the Islamic banking industry. Design/methodology/approach – A sample of 100 respondents who were mainly banks' clients was surveyed through personally administered questionnaire and only 60 questionnaires are usabl...
Conference Paper
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This paper examines the factors attribute to non participation of zakat income among Muslim community. Based on the report by Lembaga Zakat Selangor (MAIS), the awareness on the obligation to pay zakat income among the Muslim professionals are still marginal. Thus, this study is looking for the factors that attribute to neglecting zakat income paym...
Conference Paper
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_______________________________________________________________________ Abstract The rapid and dynamic changes in the global financial landscape create various risks to financial institutions. Since Islamic banking is operating side by side with conventional banking, it is prone and equally expose to various risks. The prospect of Islamic financial...
Article
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Ethical banking is a concept that is gradually receiving attention and acceptance from the depositors and investors who are not only searching for a place to save and invest their money safely, but also a place where their money will be channelled to productive activities which are free from elements that contribute to the deterioration towards sta...