Anwar Hasan Abdullah Othman

Anwar Hasan Abdullah Othman
International Islamic University Malaysia | iium

PhD in Business Administration (Finance)

About

121
Publications
43,940
Reads
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178
Citations
Additional affiliations
September 2018 - present
International Islamic University Malaysia
Position
  • Professor (Assistant)
July 2016 - July 2018
International Islamic University Malaysia
Position
  • PostDoc Position
Education
September 2011 - September 2015
International Islamic University Malaysia
Field of study
  • Finance

Publications

Publications (121)
Article
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Purpose This paper identified the ṣukūk structure suitable for deficit financing during the COVID-19 crisis. The study also explored the relevant Sharīʿah contracts that could be utilized to issue ṣukūk that is suitable for various jurisdictions and corporations in handling deficit financing during the COVID-19 crisis. Design/methodology/approach...
Article
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Hedging practices among Shari'ah compliant firms (ShC) are still not well explored and firms in Malaysia is very much lag behind in derivatives usage against firms in the developed countries. This study investigates the influence of financial derivatives usage on the value of Shari'ah and non-Shari'ah compliant firms (non-ShC) in Malaysia and compa...
Article
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Globally, a circular economy (CE) is being promoted as a policy to achieve economic, environmental, and social sustainability. A significant reason for this is the increasing recognition of CE indices as effective tools in preventing resource waste and reducing negative environmental impacts. The aim of this study, therefore, is to establish a regi...
Article
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An understanding of the volatility structure of foreign exchange rates is fundamental to assessing investment risks in the forex market. This study, therefore, analyzes the symmetric and asymmetric information in the volatility structure of selected Arab exchange rate markets. The study applied the EGARCH model for analyzing the volatility structur...
Article
The purpose of this research is to examine the determinants of banking employees’ readiness to support the transformation to the full-fledged Islamic banking system in Libya. Using the Theory of Planned Behaviour (TPB) and employing survey questionnaires of 323 employees of 10 conventional Libyan banks analysed using Structural Equation Modelling (...
Article
Full-text available
Women's economic empowerment is an important issue for development in order to achieve inclusive and sustainable growth, and it is also one of the most effective ways to advance the role of women in society. It is therefore a lifeline for bringing Yemeni women into economic life, but the economic opportunities available to Yemeni women are very lim...
Article
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Bitcoin mining has been attracting the attention of many authorities and decision-makers in terms of the environmental and climatic consequences associated with the excessive use of energy. The goal of this study, therefore, is to investigate the coherence association between bitcoin mining's energy consumption and the global carbon emissions index...
Chapter
The influence of board attributes (ethnicity, size, board independence and board remuneration), CEO duality and ownership structure on firm performance in Malaysia is examined in this study. Data of 743 non-financial firms is utilized for 2000–2015 using the GMM. The CG issues are discussed according to four theories; the agency (AT), stewardship (...
Article
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In Malaysia, academic studies on the mobilisation of cash waqf and enhancing its role as a mechanism for socioeconomic development through the adoption of fintech (financial technology) is highly abound. Additionally, there are calls from stakeholders to adopt best practices fintech solutions in waqf practice to drive efficiency in waqf transaction...
Article
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The current study examines the asymmetric effect of public debt on economic growth rates in 10 Arab countries. The study relies on the regression of time series and cointegration analysis for ten countries selected based on the data availability. Specifically, it employs the non-linear autoregressive distributed lag model (NARDL) and a multiple str...
Article
Purpose This study aims to propose and verify the suitability and applicability of Islamic equity-based microfinance models for financing micro, small and medium enterprises (MSMEs) in the State of Libya. The proposed models combine the unique features of social solidarity, cooperation “Ta’awan,” meeting religious requirements and providing financi...
Article
Purpose This paper aims to investigate the linear and nonlinear interactions between the blockchain technology index and the UAE stock market index within the context of the Abu Dhabi and Dubai banking sector. Design/methodology/approach In this study, linear analysis was performed using the generalized autoregressive conditional heteroscedasticit...
Article
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There is an indication that zakat institutions are inefficient and lack transparency in terms of distributing and managing their funds. This leads to a lack of trust between Muzakee and zakat institutions; hence, they prefer to pay zakat to Mustahiq directly. This means that zakat institutions may be collecting far less in zakat funds than the maxi...
Article
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As a result of fierce competition in the global environment for foreign direct investment, Arab countries have had a challenging time attracting foreign direct investment into the region, despite the region's abundance of natural resources. Research conducted in this study, therefore, aims to assess the role of economic freedom indices and governan...
Article
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Understanding the association between virtual assets and other financial assets is attracting the attention of global investors, regulators, and market analysts alike. Since crypto assets and equity markets move in tandem, shocks and financial instability are transmitted, and low correlation offers portfolio diversification and risk management oppo...
Article
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Both governments and corporations consider the achievement of sustainable development goals as the most appropriate means to support people, the planet, peace, and partnerships. In this study, we examine empirically how Islamic banks contribute to achieving the UN sustainable development goals (SDGs) in the Arab world. Based on the data collected f...
Chapter
This study examines whether the current virus pandemic (COVID-19) has any significant negative effect on returns series of selected stock markets in the developed, Asian and GCC countries. For this purpose, the EGARCH (1, 1) model and the News Impact Curve (NIC) are applied to examine the persistence of symmetric volatility, leverage-effect and ind...
Article
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This paper examines the Libyan commercial banks' adoption of Islamic financial transactions to achieve a real value for stakeholders related to internal environmental adaptation. Accordingly, a questionnaire was designed and distributed to 14 commercial banks in Libya. Structural Equation Modelling (SEM) has been employed for testing the hypotheses...
Chapter
Although Islamic social finance including zakat has witnessed an upsurge in development in quantum, which reached US$2 trillion in 2015 and is projected to exceed US$3 trillion by 2020, due to a lack of transparency, trust, and timely disclosure to public has resulted in inefficient of zakat collection and ineffective disbursement for the wellbeing...
Chapter
This study examines the impact of firm specific factors and ownership and the governing theories on the capital structure (CS) decision of firms in Indonesia. To meet its objective, a dynamic GMM-System is employed utilizing a panel data from 2004 to 2018. The study concludes that growing firms and firms operating in a highly concentrated industry...
Chapter
The innovation of financial technology has emerged in the 21st century to impact different sectors and industries and their efficiency and effectiveness. Among the industries that adopted FinTech widely is the financial industry. Also, at the same time, the application of Islamic social finance is widely accepted around the world, especially in the...
Article
The study investigates empirically whether the current practices of Sharīʿah-based financing contracts namely, Murabahah, Musharakah, Mudarabah, Istisna, Bai Bithaman Ajil, Ijarah and other contracts in the Malaysian Islamic banking industry achieved equitable income and wealth distribution. To do so, the study applied the bounds test and ARDL mode...
Article
This paper attempts to determine the effect of the use of Islamic microfinance (IsMF) products on Mauritanians' income, education, and healthcare, as well as the gender invariance in the model. The article uses cross-sectional design data gathered through a questionnaire from a sample of 381 beneficiaries of the largest IsMF institution in Mauritan...
Article
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The study aims to investigate the economic repercussions of using Blockchain Technology on economic performance and understand the level of Arab financial markets stability over the period (2016-2021). The study applied a quantitative approach using Exponential General Autoregressive Conditional Heteroskedasticity model (E-GARCH) to analyses the re...
Article
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تهدف هذه الدراسة إلى التحقق من وجود منحنى عائد مكتمل للصكوك المصدرة بالمملكة، وبما يمكن اعتباره مؤشرًا مرجعيًا لتسعير الإصدارات الجديدة. لكون وجود هذا المنحنى هو أحد شروط وعوامل نجاح عملية التطوير المستهدفة لسوق الصكوك بالمملكة العربية السعودية ضمن رؤية 2030م. الأمر الذي يستدعي ابتداءً الوقوف على الآلية المتبعة لتسعير الصكوك – باعتبارها أصلًا ماليً...
Article
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The study aimed to explore the challenges and difficulties faced by Islamic financial inclusion through Islamic financial institutions (banks, microfinance, insurance) in women's economic empowerment in Yemen. This will lead to enhance women's place in economic development when finding appropriate solutions to these challenges. This study applied t...
Article
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This paper examines the potential factors influencing the intention to adopt the Banks eKYC system during the spread of COVID-19 and related government lockdowns based on the Technology Acceptance Model. The structural equation modelling methodology used to analyze the data. TAM was expanded in this research to include other factors such as Privac...
Article
Full-text available
Crowdfunding as a means for investment using Fintech is relatively new. The popularity of venture capital and angel financing as a source of funds for businesses has decreased due to the advent of Fintech. The services provided are similar to traditional finance, such as simple transactions to payments, brokering and risk management. However, entre...
Article
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Purpose This study aims to evaluate the impact of firm, industry level determinants and ownership concentration on the dynamic capital structure decision in Indonesia and analyses the governing theories. Design/methodology/approach This study uses the dynamic panel model of generalized method of moments-System (one-step and two-step) by using a pa...
Article
Purpose This paper aims to examine the determinants of intention to adopt Islamic microfinance among prospective customers in Nigeria, to enhance access to formal financial services. Design/methodology/approach The quantitative study used the proportionate stratified random sampling technique to collect data from 450 respondents, using close-ended...
Conference Paper
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This paper highlights the Libyan commercial banks' institutional environment, as institutional constraints on their adoption of Islamic financial transactions. Principally, in the context of formal and informal constraints, the article investigates Libyan commercial banks' external institutional environment that governs their behaviour and decision...
Article
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This study examines the impact of using Islamic microfinance products on the Mauritanian microentrepreneurs' income level. The study is purely quantitative, and it uses cross-sectional design data, which was gathered through a questionnaire from a sample of 381 beneficiaries of an Islamic microfinance institution (PROCAPEC). It uses Structural Equa...
Article
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Islamic microfinance institutions play a major role in the provision of financial services to the poor and underprivileged through non-interest, equity-based products and services. To achieve these critical objectives, however, they need to be financially sustainable, which is threatened by the current economic and financial crisis caused by the Co...
Cover Page
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It is known that the Covid-19 is a new pandemic that has given traumatic impacts to everyone worldwide. Since its first outbreak in March 2020, the Covid-19 is still haunting and affecting every aspect of life, not just on health but also on other as�pects like the economy as well as the way of life and people’s socialization. Despite the presen...
Article
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A strong capital adequacy ratio is crucial to a financial institution's success and helps it to survive any potential financial crisis. From Q1 2017 to Q4 2019, the influence of the Capital Adequacy Ratio (CAR) on the performance of Commercial Islamic Banks in MENA nations (Qatar, Oman, Bahrain, Kuwait, United Arab Emirates, Saudi Arabia, and Jorda...
Article
Full-text available
Purpose This study examines the impact of hedging on firm value of Sharīʿah compliant firms (SCFs) in a non-linear framework. Design/methodology/approach This study employs the system-GMM for dynamic panel data to examine the influence of derivatives usage on firm value (Tobin's Q , ROA and ROE). The sample comprised of 59 non-financial SCFs engag...
Article
Purpose This study aims to identify the involuntary barriers of financial inclusion which are affecting the usage of Islamic microfinance services in PROCAPEC institution located in Nouakchott-Mauritania. Subsequently, it also examines the effect of gender as a moderator in the model. Design/methodology/approach Primary data was collected through...
Article
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This study aims to review and discuss the Qard al-hasan in Islamic banks in Yemen. The study also discusses the challenges that face Qard al-hasan product. It follows series of approaches to achieve the objectives of the study. It uses a descriptive approach to study the element of the subject. It also uses the analytical approach to analyze annual...
Article
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The importance of Islamic financial inclusion is not limited to promoting access and use of Islamic financial services, but also a significant tool to encourage and raise awareness among members of the community in casting their Zakat, endowment (Waqf) and charitable donations into dedicated funds in order to achieve the sustainable development of...
Chapter
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Islamic microfinance in Yemen, faces many challenges that undermine its vital role. Therefore it was necessary to continue to evaluate and develop it. Therefore, this paper aimed to assess the role of Islamic microfinance institutions in reducing the unemployment rate through the development of micro-entrepreneurship. It also aimed to propose W...
Article
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Islamic Microfinance (IM) is considered an important element of economic prosperity and an instrument in reducing poverty rates in the Islamic world. However, the IM industry faces many problems in its efforts to serve the community. One of these problems is the lack of financing resources. This research studies the current Islamic financing channe...
Article
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Purpose This study investigates the impact of derivatives as risk management strategy on the value of Malaysian firms. This study also examines the interaction effect between derivatives and managerial ownership on firm value. Design/methodology/approach The study examines 200 nonfinancial firms engaged in derivatives for the period 2012–2017 usin...
Article
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The study has two main objectives: firstly, to examine the opportunity of the Momentum and Contrarian investment strategy for three different monetary systems to trade currencies in Forex markets using Symlet wavelet decomposition approach. Secondly, to examine the co-movements between the three monetary systems using wavelet coherence analysis. Th...
Chapter
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This study aims to identify factors affecting willingness to use Islamic microfinance products in Mauritania. Based on the experience of the Islamic microfinance institution PROCAPEC-Nouakchott, the study tests the effect of social barriers, religiosity, and debt-phobia in affecting the respondents’ usage. As well as testing the moderator effect of...
Chapter
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The paper aim to explore the impact of five challenges on the development of sukuk issuances market in the Kingdom in line with the financial sector development plans within vision 2030 objectives. The study adopted quantitative method by distributing a questionnaire to 115 experts involved in the Saudi sukuk market. The results have been analyzed...
Chapter
SMEs; Small and Medium-sized Enterprises are the backbone of the development of the economy of any country. They had recently experienced rapid growth and improved their business activities in terms of customer numbers and revenue expansion when they began using e-commerce. Nevertheless, SMEs e-commerce adopting in developing countries is inefficie...
Chapter
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Although Yemen has adopted policies and measures to develop micro-entrepreneurship as a tool to combat unemployment and help unemployed people create their micro-enterprises over the past 20 years, the micro-entrepreneurship is still facing critical challenges and the unemployment rate continues to increase significantly. The objective of the study...
Chapter
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The absence of a Palestinian currency deprived the Palestinian Monetary Authority of the ability to set its monetary policy, causing a very inflationary system. The primary goal of this study is to undertake an adoption analysis of behavioral intention of using a complementary currency in Palestine. This study adopts the theory of planned behaviora...
Chapter
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The aim of this paper is to review empirical studies that examined the factors influencing the adoption of Islamic banking products and services with a view to making suggestions to the stakeholders in the Islamic finance services industry (IFSI) in Nigeria. The paper employed the literature review methodology to synthesize research findings in the...
Chapter
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The specific objective of this paper is to investigate the moderation effect of openness to change and nature of change (imposed or voluntary) on employees’ readiness to convert to Islamic banking. Two studies were conducted to examine these effects. Study 1 was conducted to examine the moderation effect of openness to change on the relationship be...
Chapter
Poverty is a serious problem all over the world, particularly in third world countries. Since reducing poverty is the first goal of SDGs (Sustainable development goals) of the united nations, it has been the concern of many international and national organizations and governments as well. This paper is a conceptual paper that discusses the trends o...
Article
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This paper aims to measure both economic feasibility studies and guarantees provided by small and medium size enterprises and their relationships with the financing decisions of the Islamic banks in Kuwait. The study follows the quantitative approach. It aims to assess the internal conditions by the Islamic banks toward its decisions to finance the...
Research
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Emerald Literati Award. The effect of symmetric and asymmetric information on volatility structure of crypto-currency markets: A case study of bitcoin currency. Journal of Financial Economic Policy, Vol. 11 No. 3, pp. 432-450.
Article
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The study aimed to clarify the importance of accounting disclosure on the behavior of Cash Waqf (endowments) contributors through the theoretical approach and literature review. In addition, the study tests whether obligatory annual financial statements may facilitate communication between organizations and their shareholders, as the research probl...
Conference Paper
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Many financial institutions understood that using the LIBOR index in evaluating assets and contracts in financial markets will not achieve financial stability, as the introduction of the LIBOR interest rate has triggered many financial crises. This was due to the manipulation of LIBOR prices , particularly during 2007-2009, as well as the 2012 pric...
Article
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Generally, information is the fundamental driver of assets pricing volatility in the financial market. This information can enter into the market either symmetrically or asymmetrically. The financial literature shows that Bitcoin market volatility is symmetrically informative and has a long memory to persist in the future. Additionally, the symmetr...
Article
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The original version of this article unfortunately contained a mistake. Prediction accuracy percentage in figure 7, which represent the key findings of this study which is (92.147%) does not appear in the figure 7.
Article
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Financial inclusion helps in reducing extreme poverty, supporting inclusive development, and enhancing the well-being of the people. As a result, policy makers, regulators and development institutions have made financial inclusion a priority in promoting economic growth and reducing poverty and inequality. One important channel used in promoting ac...
Chapter
Although Islamic social finance including zakat has witnessed an upsurge in development in quantum, which reached US$2 trillion in 2015 and is projected to exceed US$3 trillion by 2020, due to a lack of transparency, trust, and timely disclosure to public has resulted in inefficient of zakat collection and ineffective disbursement for the wellbeing...
Article
Full-text available
The Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) was established in 1990 to develop different standards to guide the Islamic financial institutions around the world. Although these standards are mandatorily adopted by six countries, the level of harmonization varies from one country to another. The financial repo...
Book
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Description With the increasing emphasis of Environmental, Social and Governmental (ESG) and Social Development Goals (SDGs) by international agencies, an integrated reporting of a more balanced and equitable integrated social reporting is sought given the limitations of capital centric reporting model. Social financial reporting as an economic too...