Asmadi Mohamed Naim

Northern University of Malaysia | UUM · Islamic Business School (UUM IBS)

Purpose The practices of sustainable and responsible investment (SRI) among Islamic financial institutions (IFIs) nowadays still rely on the existing environmental, social and governance (ESG) criteria. However, based on observation, some of the existing criteria listed by the reports of certain authorities and organizations do not seem to be align...

Purpose The purpose of this study is to explore the necessity for developing Islamic sustainable and responsible investment (i-SRI) criteria based on environmental, social and governance issues. Design/methodology/approach To address the above objective, this study adopted a qualitative method via content document analysis and interviews with expe...

Purpose This study aims to review Although the features of the first micro- takaful are slightly different from the customary long-established takaful settings, the rules and regulations remain unchanged following the original guidelines of operating insurance and takaful . Until Perlindungan Tenang makes its first premiere, the rules and regulatio...

Purpose Both developed and developing countries, Muslim and non-Muslim, have been showing keen interest in sukuk financing. This interest was because of the lesson learned by both Asian and non-Asian economies that having a developed capital market is very essential to enable an economy resilient to the financial crisis. Therefore, this study aims...

The present study aims to explore SRIs practices based on Maqasid Shariah and Maslahah's points of view. A qualitative method via content analysis document was advocated to address the link between all concepts. The analysis revealed that SRIs, Maqasid Shariah and Maslahah share similar aims and goals to promote better environmental practices and s...

E-Wallet has been applied in Muslim and non-Muslim jurisdictions in many parts of the world including Malaysia, China, India, and Korea. The application is widely used and has raised questions with regard to legal and shariah issues. This paper aims to analyse specifically, legal issues affecting e-wallet practices. This paper adopted a qualitative...

This paper aims to analyse the standards in promoting sustainable and responsible investment (SRIs) and green bonds among ASEAN countries. Thus, to progressively reach these objectives, this paper applied content document analysis and expert interviews. This paper discusses in detail the three ASEAN’s standards issued by the ASEAN Capital Markets F...

The present data from 194 customers of small and medium enterprises (SMEs) is about their acceptance of Islamic microfinance in Kano State, Nigeria. The dataset includes variables such as gender, age, marital status, duration as customer, account operate, annual income, type of business, service quality, perceived value, corporate image and religio...

The aim of this research paper is to analyze intention for implementing 5S management among students in higher education institutions. The quality management method using 5S approach is function to standardized process to properly implemented creates and maintains an organized, safe, clean and efficient workplace. In this study. The 5S method was i...

The book provides comprehensive compilation on Islamic legal documents related to Islamic financial system consists of legal statutes, frameworks, guidelines, circulars and internal compliant manual covering Islamic banking, takaful and Islamic capital markets. Brief description of those documents are laid down to assist non-legal background reader...

Both developed and developing economies have showed serious interest in the development of domestic and regional bond markets. This interest was motivated by the recurrent events of economic crises, due to the over-reliance on the banking system. Therefore, this study investigates the macroeconomic and financial determinants of a bond market develo...

The study aims to explore the permissibility of guarantee for muḍārabah and mushārakah based contracts and to discuss in detail the essence of muḍārabah and mushārakah, which both contracts contain the concepts of trust and profit sharing. The study conducted the qualitative research approaches which consist of documents analysis, interviews and ob...

This paper aims to highlight the Sustainable and Responsible Investment (SRI) concept, similarities, and opportunities with Islamic financial institutions (IFIs), especially in Malaysia's perspectives. This paper is conceptual., thus the methodology used in this paper is qualitative, focusing on document analysis method by analyzing previous litera...

This paper aims to address the relationship and the influence of lifestyle, future need, customer preferences toward customer’s satisfaction on Islamic banks products and services in northern region of Malaysia. This study used quantitative research method. Data were collected via questionnaires from 250 respondents from four different Islamic bank...

This paper attempts to discuss the initiatives offered by the Malaysian’s government to support the SRI especially through sukuk approach. This paper is conceptual in nature, thus the methodology of this paper is qualitative focusing on document analysis method by analysing previous researches, books, reports, official website and articles. Based o...

In recent past, the Asian economies faced various financial crises, 1997 & 2008, because of underdeveloped or small capital markets. Most of the countries continued to heavily depend on the mere banking system for sovereign and corporate financing needs which made the region repeatedly vulnerable to the crises state. Therefore, the last decade has...

Purpose- To diversify financing portfolio and reduce the reliance on the banking system, developing economies have realized the importance of bond market development. Bond markets facilitate economies to be more resilient towards the events of financial crises. Therefore, the share of the bond market in the financial system of the Asian economies h...

Sub-Sahara African (SSA) region as a large part of the African continent suffers huge infrastructure deficit mainly as a result of the vast funding gap. The negative impact of the infrastructure deficiency continues to constrain socioeconomic development and the general well-being of the people of the region. Heavy reliance on the traditional sourc...

Artikel ini bertujuan memahami hakikat sebenar bitcoin dan menjelaskan pandangan sarjana Islam semasa mengenaiinya. Kertas ini menggunakan kajian kandungan untuk meneliti pandangan-pandangan yang ada. Disebabkan kertas ini kertas ini dibentang dalam mesyuarat majlis fatwa, penulis tidak menyatakan kecenderungannya sebalik lebih kepada membentangkan...

This paper aims to examine the issues of Qard Hasan in relation to Mudarabah model in Malaysian takaful practises. This paper has reviewed the problem of Qard Hasan in takaful practises and the alternatives in mitigating the issues arose. Hence, qualitative research methodology is advocated to ensure the objectives are answered progressively. The p...

This paper aims to examine the issues of second layer of charging fee in the Wakalah Takaful models practices in Malaysia. Hence, to make sure all the objectives are answered progressively, qualitative research methodology is advocated. The main data were collected from the interview session among scholars and expertise in Takaful field. Then, the...

Semakin banyak desakan supaya perlaksanaan maqasid syariah diutamakan dalam system kewangan Islam. Seruan sebegini muncul di saat banyak produk-produk yang distrukturkan pada masa kini dikatakan hanya memenuhi struktur dan bentuk kontrak yang patuh Syariah sahaja. Kritik dilontarkan atas dakwaan kurang penekanan diberikan untuk menyemak kewujudan k...

This study attempts to restructure a more innovative Sharia compliant product in Islamic home financing. By examining the components of residential rental index and addressing some unresolved issues particularly in Musyarakah Mutanaqisah, the study seeks to propose rental index as an alternative benchmark to current interest rates. This paper emplo...

The study aims to explore the views of scholars, bankers and entrepreneurs in promoting mudārabah and mushārakah based contracts and to analyse their views to strengthening those practises. The study utilized qualitative research approach which consists of document analysis, interviews and observations in few phases. The study found few industrial...

Purpose The purpose of this paper is to examine the Shariah view on the legitimacy of requiring the entrepreneur to prove that he/she has complied with all business requirements in case the actual profit was below the expected profit in trust-based contracts such as mudarabah and musharakah. Design/methodology/approach This paper is part of the re...

The study aims to examine the concepts of ḍamān (guarantee), taqṣīr (negligence) and taʿaddī (transgression) from Sharīʿah point of view and their relations with both trust-based contracts (ʿuqūd al-amānāt) and guarantee-based contracts (ʿuqūd al-ḍamānāt). The study conducted the qualitative research approaches which consist of documents analysis,...

The paper investigates the existence of a long-run relationship between conventional interest rates and rates of return on deposit of Islamic banks in the contemporary dual banking systems on a cross-country basis. The study employs ARDL (Autoregressive Distributed Lag) modeling approach to cointegration analysis. The study finds the existence of t...

The study aims to examine the concepts of Daman (guarantee), taqsir (negligence) and taaddi (transgression) from Shariah point of view and their relations with both trust-based contracts (uqud al-amanat) and guarantee-based contracts (duqud al-damanat). The study conducted the qualitative research approaches which consist of documents analysis, int...

Islamic Trade Finance (ITF) instruments were introduced into the Islamic banking system in Malaysia since the early 1990s when there was a need for Islamic instruments in commerce especially in international trade. Most of the financial products are based on conventional instruments such as Bank Guarantee (BG), Letter of Credit (LC), Accepted Bill...

Islamic Banking Operations: Products and Services aims to give insights on Islamic banking operations as well as assists readers to understand certain aspects of its products and services. This book provides an overview about the balance sheets for both conventional and Islamic banks, the deposits and financing activities as well as the Islamic tra...

Since the first modern Islamic savings bank was established in the Egyptian town of Mit Ghamr during the 1960s, and the establishment of Hajj investment fund in Malaysia also in the late 1960s, the Islamic financial system has continued to grow rapidly. Although Islamic banking is the most developed part of Islamic finance, the expansion of the Isl...

Islamic banking and finance, is a concept of finance that existed in theory embedded in the classical text of Muslim jurist, has eventually become a practical reality and an accepted financial medium in recent times and has been practiced worldwide. Islamic banking and finance, is a system that derives its basis from the glorious shari‟ah, a divine...

Malaysia has a unique phenomenon vis-à-vis other developing countries where the focus of economic empowerment since its independence is on one ethnic group, i.e. the Bumiputera. There are vast literatures covering the demand-side of financing provided to the full spectrum of the Bumiputera Economy. However, there is a research gap due to scarce of...

This paper aims to analyse the views of Shariah scholars regarding Islamic values and objectives of Shariah (Maqasid Shariah) and to examine whether they are implemented in the construction of Islamic finance products. This paper employs written and face-to-face interviews using open-ended questionnaires to study the understanding of our respondent...

Perkhidmatan pembiayaan perdagangan antarabangsa mula diperkenalkan dalam sistem perbankan Islam di Malaysia pada awal 1990an apabila terdapat keperluan terhadap instrumen-instrumen Islam dalam bentuk perdagangan terutamanya di peringkat antarabangsa. Kebanyakan instrumen-instrumen pembiayaan perdagangan adalah berasaskan instrumen konvensional sep...

Although Islamic finance has demonstrated impressive development over the last few decades, many critics continue to raise the issue of Islamic financial institutions’ (IFIs) reluctance to apply risk-sharing principles, especially muḍārabah and mushārakah contracts, in the kinds of financing they offer. The issue of high risk associated with muḍāra...

Purpose This paper aims to analyse the new standards on Sukuk which was issued by the Accounting and Auditing Organization for Islamic Financial Institution (AAOIFI) as a result of the strong critics posed by Shaykh Taqi in the end of 2007 that 85 percent of Sukuk issuance were not in line with the teachings of Shariah. Design/methodology/approach...

This article aims to discuss the issues of purchase undertaking in mushÉrakah mutanÉqiÎah home financing as practised by Islamic banks in Malaysia. This aim can only be achieved by analysing and examining its features in order to determine its inclination either towards shirkat al-milk (co-ownership) or shirkat al-ÑuqËd (contractual partnership). O...

Malaysia is moving in the right direction and at an accelerated pace to prove itself as a hub of Islamic banking and finance in Asia. Together with strong government support and suitable financial infrastructures, rapid development of this area could be seen. In order to achieve this holistic goal, many Islamic financial institutions and instrument...

Tajuk ini membincangkan transaksi gadaian Islam yang diamalkan di Malaysia dan menganalisa semula perkara-perkara tersebut menurut perspektif perundangan Islam. Kertas ini membincangkan hokum-hukum umum gadaian dalam perundangan Islam. Setelah itu satu analisa kritis dilakukan terhadap transaksi gadaian konvensional dan gadaian Islam (skim al-rahn)...

Maqasid Syariah atau matlamat akhir syariat Islam merupakan satu tajuk utama dalam perbahasan usul al-Fiqh. Topik ini telah menjadi satu tajuk yang amat dititikberatkandalam perbahasan sarjana Islam kontemporari. Melalui pengkajiannya, perkara yang tersirat dalam ajaran Islam diungkai untuk membolehkannya menjadi asas kepadapenetapan sesuatu hukum...