Dzuljastri Abdul Razak

• PhD
• International Islamic University Malaysia

This study investigates the factors influencing the intention to humanize business practices among small and medium-sized enterprises (SMEs) in Malaysia. Drawing upon the Theory of Planned Behavior, four key factors were examined: attitude toward humanizing business practices, subjective norms, perceived behavioral control, and human practice knowl...

Benchmarking Shariah-Compliant stocks listed in Bursa Malaysia, this paper examined whether the stocks which are approved by SACSC are also considered as Shariah-Compliant under International Indices. 35 top Shariah-Compliant stocks listed in Bursa Malaysia were examined against four stock screening criteria of DJIM, MSCI, FTSE and S&P. Due to the...

This study explores the impact of cultural background on attitudes toward life milestone celebrations among 122 participants from different countries attending a summer camp in Indonesia. The primary objective was to examine the relationships between respondents' age, gender, ethnicity, and religion, and their attitudes toward life milestone celebr...

This study provides valuable insights into the impact of COVID-19 on poverty alleviation in Somalia, focusing on three factors namely, government Intervention, financial literacy and digital financial inclusion are linked to poverty alleviation. This study utilized a quantitative research approach employing a descriptive research design. The data c...

The use of 5G technology signifies a significant progression in mobile telecommunications, offering improved speed, connection and efficiency. The objective of this research is to determine the variables that impact customer purchase intention and subsequent adoption of 5G mobile phones, specifically from the viewpoint of popular shopping platforms...

This study examines the role of financial behaviour, financial attitude, and financial literacy on financial inclusion in Somalia. The study used a questionnaire to gather data from 200 participants. The data was analyzed using SMART-PLS. The results indicate that the financial attitude (FA) (b= 0.436; t-value=6.112, p-value=0.000), financial behav...

The issue of financial inclusion affecting students are very important as it may cause financial distress to themselves which will have high impact on their daily life. This will also have high consequences on the performances of their studies. The purpose of this study is to examine the relationship of three variables namely financial attitude, fi...

Spiritual development from the perspective of religion is crucial to ensure sustainable practices by human beings in society as well as in the economy. Lack of such development is the root cause of the failure or ineffective implementation of many strategies by governments and economies globally. The present chapter reviews the circular economy as...

كشفت هذه الدراسة عن عوامل مساهمة يمكن أن تحدد سلوك دفع المحفظة الإلكترونية لجيل الألفية في مرض ما بعد فيروس كورونا 2019 (كوفيد-19) في ماليزيا. في هذه الدراسة، تم الاتصال بـ 256 مستجيبا من جيل الألفية من لابوان وكوتا كينابالو، ماليزيا باستخدام استبيان عبر الإنترنت عبر نماذج جوجل لجمع البيانات بشكل فعال. استخدمت هذه الدراسة نموذج 'الموقف والتأثير الا...

In many developing countries SMEs is considered as one of the main contributors to their economies. However, Malaysian SMEs still face numerous challenges in all sectors. Uncertainties such as Covid-19 and digitalization are the main current uncertain issues in Malaysia. This paper examines the resource capabilities of Malaysian SMEs in handling un...

Although Islamic banking products like tawarruq and bay al-inah personal financing products available in the Malaysian Islamic banking market, their ability to meet the need of those disadvantaged in the case of health crisis like COVID-19 or financial crisis are somehow marginal. There is a need for Islamic social finance products to meet this cha...

The Covid-19 pandemic has badly affected micro businesses in Malaysia. The condition is getting better after the Malaysian Government lifted restrictions due to Covid-19 prevention. Al Syakirin Mosque, Gombak Selangor Malaysia, has 345 zakat recipients, some of whom have micro businesses. The micro businesses are mainly located near the mosque. How...

The Covid-19 pandemic has badly affected micro businesses in Malaysia. The condition is getting better after the Malaysian Government lifted restrictions due to Covid-19 prevention. Al Syakirin Mosque, Gombak Selangor Malaysia, has 345 zakat recipients, some of whom have micro businesses. The micro businesses are mainly located near the mosque. How...

This research investigates the factors affecting the internet giving behaviour among young graduates in Malaysia. The Theory of Planned Behaviour (TPB) was employed as a baseline theory to examine the effects of altruism, attitude, subjective norm, and perceived behavioural control. The analysis was based on 230 respondents surveyed and the results...

Micro-small and medium-sized enterprises use mobile Money for the purpose of purchasing goods, paying bills, and managing their money. A 2017 World Bank report says mobile Money is rapidly growing in volume and value. It is becoming the dominant financial system in Somalia because it enables commercial organizations to enter and thrive inside the e...

Micro-small and medium-sized enterprises use mobile Money for the purpose of purchasing goods, paying bills, and managing their money. A 2017 World Bank report says mobile Money is rapidly growing in volume and value. It is becoming the dominant financial system in Somalia because it enables commercial organizations to enter and thrive inside the e...

Micro-small and medium-sized enterprises use mobile Money for the purpose of purchasing goods, paying bills, and managing their money. A 2017 World Bank report says mobile Money is rapidly growing in volume and value. It is becoming the dominant financial system in Somalia because it enables commercial organizations to enter and thrive inside the e...

Micro-small and medium-sized enterprises use mobile Money for the purpose of purchasing goods, paying bills, and managing their money. A 2017 World Bank report says mobile Money is rapidly growing in volume and value. It is becoming the dominant financial system in Somalia because it enables commercial organizations to enter and thrive inside the e...

This book narrates the MADANI SCRIPT journey of empowering IIUM mKitchen™ Students with the 3Es (Employment, Empowerment, and Entrepreneurship). The students started the journey with in-class training on entrepreneurship, business model and plan development, digital marketing, and cash management. Then, the students had a cooking demonstration on s...

This book narrates the functional roles of Rumah Makan Mkitchen in distributing free food to the needy. The main motivation for mKitchen was to help optimise the facilities and functions of masjid kitchens in preparing food for the needy (similar concept of free food or soup kitchens). The kitchen crew members comprised the needy – the Asnaf. They...

Micro enterprises are emerging as an important sector in the economic system of Malaysia by contributing significantly to Gross Domestic Product (GDP) and providing employment opportunities to millions of workers in the country. Despite its importance in contributing towards the enhancement of the well-being of society and the continuous efforts fr...

İslami fınansal araçlardan sukuk, gayrimenkullerin menkulleştirilmesi ve projelerin yatırımında son 30 yıllık süreç içerisinde son derece etkili bir yöntem olarak kullanılmaktadır. Covid krizinin etkilerini sürdüğü 2021 yılında 250 milyar dolarlık ihraç hacmi ile sukuk, İslami fınans piyasasında dikkatleri üzerine çekmiştir. Mudaraba, muşaraka, ica...

This book provides a critical reading on mKitchen entrepreneurship concepts, principles, and practices through five chapters. Chapter 1 deliberates ta’awun (cooperative behaviour) at IIUM Mkitchen Entrepreneurship project at IIUM and with Masjid Al-Syakirin Gombak (MASG). The outcome is to empower asnaf to optimize the use of masjid as a platform t...

This study is aimed at explaining the factors determining consumer acceptance of online Islamic fixed deposit accounts. Besides, the mediating role of attitude is also examined. Considering the Technology Acceptance Model (TAM), this study evaluates the impacts of perceived usefulness, perceived ease of use along with attitude on consumer acceptanc...

This book explains mKitchen IIUM students experience in the real journey of integrating food entrepreneurship with Budi Sejahtera. The students participated as a vendor in the Bazaar Ramadan organized by EDC IIUM. This one-month Bazaar Ramadan provides the students the real experience of food entrepreneurs. While preparing premium food for Bazaar R...

Purpose In spite of the increasing number of Islamic banks offering Islamic investment products, there is, as yet, little academic research on this topic and the consumer acceptance of the products is not yet understood fully. To help in bridging this gap, this study aims to assess the determinants of choice behaviour of Islamic investment products...

Why do you need to have a copy of this book? This book explains mKitchen IIUM students’ journey in mKitchen by integrating food entrepreneurship with Budi Sejahtera. The students started the journey with in-class training on entrepreneurship, business plan development, digital marketing, and cash management. Then, the students had a cooking demonst...

This book provides mKitchen training and development. The training starts with preparation of mKitchen training materials. The training and development includes call for participation, selection, and induction processes prior to actual training activities. The first phase of training is process phase, which is team building to create ta’awun among...

This book narrates mKitchen in assisting flood victims. The first part of the book reflects the history and development of mKitchen. mKitchen sticks to its vision, mission and objectives. In any event, mKitchen must not deviate from its founding objectives. The second part of the book narrates the humanitarian mission of mKitchen through food distr...

This book narrates budiman journey in Mahallah Kitchen. Budiman Mahallah Kitchen who are searching for adab (virtue), budi (kindness) and sejahtera (peace). By doing so, budiman and budiwati will have the capacity of bijak berbudi (wisdom in kindness), berani (brave) and bijaksana (full with wisdom). Budiman and budiwati with these attributes will...

Honourable Professor Emeritus Tan Sri Dato’ Dzulkifli Abdul Razak delivered a talk entitled “Budi & Sejahtera Leadership” organized by Centre for Professional Development IIUM on Oct 29, 2021, for 1 hour 44 minutes 19 seconds. Tan Sri Rector deliberated on the background of education system and leadership institutions in the country. He observed t...

Relatively, maqasid al-Shariah is a missing dimension element in the available tawarruq personal financing, resulting in a convergence of this facility and its traditional counterpart. This work examines the consumer preference of tawarruq personal financing using the maqasid-based consumer preference index (MCPi). Drawing upon the MCPi, the presen...

This project narrates the journey of ta'awun (cooperative behaviour) at IIUM Mkitchen® project with Masjid Al-Syakirin Gombak (MASG). The main objective of the project is transform the mosque as a platform to provide free food, to up skill in foodpreneurship, to create new employment opportunities, to give empowerment and to nurture entrepreneurshi...

This report presents the brainstorming for the ideation process of mKitchen. After the brainstorming, the team mapped the filtered ideas into technical terms of mKitchen into digital technopreneurship and human computer interactions. It follows the convention of ideation with ontology, epistemology, and methodology stages. The introduction serves a...

This report presents the status of Mkitchen has reached its 9th month journey with more evidences and experience in regulatory, funding, networking and entrepreneurship. In advancing Mkitchen, it has to develop technical requirement, guideline, procedure and guidelines from participants, operations, entrepreneurship and compliance. The technical re...

Buku ini membentangkan naratif dan pengalaman rintis projek usaha sama dengan masyarakat melalui kerjasama pintar atau ta’awun melalui projek mKitchen® UIAM. Rakan strategik projek ialah Masjid Al-Syakirin Gombak (MASG). Projek ini dilaksanakan kerana pihak mKitchen berasa bertanggungjawab dalam menyahut hasrat kerajaan dan badan Kesatuan Duni...

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...

This book narrates the journey of ta’awun (cooperative behaviour) at IIUM Mkitchen® project with Masjid Al-Syakirin Gombak (MASG). The main objective of the project is transform the mosque as a platform to provide free food, to up skill in foodpreneurship, to create new employment opportunities, to give empowerment and to nurture entrepreneurship (...

Micro small and medium-sized enterprises (MSMEs) contribute significantly to the economic and social development of many countries. In particular, the sector provides new job opportunities, stimulates competition and thus boost productivity. Accordingly, the sustainability of MSMEs is of paramount importance. However, according to Fatoki (2012) 60%...

The COVID 19 pandemic has brought an unprecedented crisis globally and people are still struggling for solutions to deal with the crisis. The effect is very broad-based be it on a social, economic, and healthy way of living. The purpose of this study is to investigate customers’ perception of Islamic Crowd Funding (ICF) as a possible financial solu...

Islamic Social Finance (ISF) is an emerging area of study that emphasizes Zakat (alms), Waqf (property donated for religious or community use), and Sadaqa (charity). These concepts are also used towards the achievement of Sustainable Development Goals, namely SDG1 (no poverty), SDG2 (zero hunger), and SDG4 (quality education). This study has select...

This study examines the effect of mobile banking on the performance of Islamic Microfinance Institutions (IMFIs) in Bangladesh which includes their efficiency and internal operations, staff productivity, communication, and breadth and depth of outreach. A questionnaire survey method was used for collecting the relevant primary data (200) from the s...

Though considered trivial, small and medium enterprises (SMEs) were one of the contributing factors for Malaysia economy growth. Besides providing employment, SMEs also provide an improved integration to ensure other businesses survive in the long run. Thus, the present study examined the contributing factors to explain SMEs' performance, be it hig...

Purpose The purpose of this study is to examine the determinants influencing low- and middle-income households in accepting the Islamic public-private housing co-operative model (IPHCM) as an alternative to contemporary affordable public housing models in Malaysia. Design/methodology/approach Using self-administrated questionnaires, data are colle...

The current study aims to develop a Maqasid al-Shari’ah (objective of Islamic Law) based a new performance evaluation index for Islamic banks. In order to achieve the objective, the current study conducted twelve semi-structured interviews of academics and practitioners who specialize in Islamic banking and finance (IBF) to select the variables for...

Financial literacy is very important in the success of any business venture. Amanah Ikhtiar Malaysia (AIM) formed in 1987 is the largest microfinance institutions that assist in the poverty eradication for Micro Small and Medium Enterprises (MSMEs) in Malaysia. The purpose of this study is to investigate whether demographic factors such as gender,...

This study examines the effects of the key factors influencing the intention of first-time house buyers to choose Islamic home financing products. First-time house buyers are selected since they are the major segment of Islamic banks' profit for the Islamic mortgage sector. Drawing upon the theory of planned behaviour (TPB), this study proposes a m...

Micro, Small and medium enterprises (MSMEs) have much been written in various forms. Undeniably, nonetheless, a compilation of works on “cross border SMEs” especially between Malaysia and Indonesia specifically has not been made available. Prior to addressing the issue in hand, what do we mean by MSMEs for Malaysia and Indonesia? Micro, Small and M...

Small and medium enterprises (SMEs) contributes a significant portion in the economic pie both in the developed and developing countries. The development and growth of SMEs in Malaysia has significant impact in social development, boosting productivity and increasing employment. Training is one of the issues and challenges faced by SMEs studied by...

Service quality is an important and effective tool for banks to achieve customer satisfaction and earn their loyalty, especially under intense competition. Indeed, there is a strong competition between Islamic banks in Malaysia whereby each practitioner is working hard to satisfy their customers’ needs for service excellence. There are few studies...

In the modern era, the waqf concept has become more sophisticated and comprehensive and through it, many financial products and social programs have been developed, for instance, cash waqf and some security papers such as Shares-Waqf, Sukuk-Waqf, etc. Therefore, cash waqf can also be used in microenterprises to efficiently channel funds (interest f...

Purpose This paper aims to ascertain whether halal certification mark, halal brand quality and halal awareness influence Nigerian consumers when making buying decisions. Design/methodology/approach The researchers reflect on the newly collected data to shed light on the above issues from the perspective of Nigerian consumers. To this end, a questi...

Purpose This study aims to examine the issues and challenges in contemporary affordable public housing schemes and proposes an alternative affordable public housing model for low- and middle-income households in Malaysia. Design/methodology/approach The paper applied qualitative research method. Semi-structured in-depth interviews with four gove...

Home is a basicnecessity for everyone. However, one of the major issues affecting the construction industry in Malaysia today is that of abandoned housing projects. This issue has caused sufferings to the individuals and society. Several reasons have been cited for the abandoned housing projects, which include the debt financing structure, lack of...

Islamic credit card (ICC) has been widely used for personal consumption. The use of ICC is gaining prominence as an alternative to conventional credit card as the concept and operations are permissible by the shariah. The paper aims to determine factors influencing intention to use ICC based on three variables namely benefits, fair charges and reli...

Sustainability is a worldwide concern embedded in every sphere of human life including economic, environmental, and as well as social aspects. Similarly, tourism is one of the major areas of many economies where sustainability is a rising concern. Sustainable tourism has been defined by several organizations like WTO, ICOMOS, and many studies as we...

This study aimed at examining the association of Corporate Social Responsibility (CSR) disclosure with access to finance by estimating the level of financial constraints faced by listed firms of the Pakistan Stock Exchange. CSR disclosure (CSRD) is attracting the attention of researchers and stakeholders and also becoming a vital source of competit...

Islamic finance has been in existence for the past centuries. Nonetheless, the realization of the real objectives of the industry is still a dream yet to be true. The goal of Islamic finance is to promote a sharing economy whereby money is not concentrated in the hands of a few individuals. This purpose of this study is to investigate the applicati...

Small and medium-sized enterprises (SMEs) in Turkey and Malaysia play significant economic and social roles by offering new job opportunities, lowering unemployment rate, increasing competition, productivity and providing substantial benefits to the economy of both countries. It has contributed to more than 90 percent of total establishments and mo...

Purpose The purpose of this paper is to empirically examine the factors that affect Muslim customers’ participation in using Baitul Maal wat Tamwil (BMT). The decomposed theory of planned behaviour (DTPB) was used as the research framework. Design/methodology/approach The paper uses primary data collected by self-administered questionnaires invo...

Micro enterprises are emerging as an important sector in economic growth of Malaysia. Several issues are surrounded with the micro enterprises despite its importance and the continuous efforts from the Malaysian government. Majority of micro enterprises faced difficulties in obtaining external financing as they rated as a market segment associated...

Gender and race have been issues in every development of human history. Conventional tourism rules out gender and race based on liberalism or secularism or conservatism, whereas Islamic tourism does the same but based on Shariah and Islamic principles. Studying these nominal variables are important in developing outbound strategic Islamic tourism s...

This study aims at exploring the perception of stakeholders, particularly the home buyers, about the causes of abandoned housing project (AHP) in Malaysia. In terms of approach, assessing the determinants of AHP could assist in mitigating the effect of AHP in Malaysia. In this study, we employed factor analysis and structural equation modelling (SE...

Purpose The purpose of this study is to investigate the effects of service quality, product choice and Islamic debt policy on consumer attitude within the context of Islamic mortgage sector in Malaysia. The present study also examines the effect of attitudinal-behaviour on consumer preference towards preference of Islamic mortgage selection. Desig...

Purpose The purpose of this paper is to understand consumers’ willingness to choose Islamic mortgage products as a way to help Islamic banks tap into the Islamic mortgage sector in Malaysia. Design/methodology/approach Using the Theory of Interpersonal Behaviour as a point of departure, this study proposes a framework that examines factors influen...

Abstract Home is a basic necessity for everyone. However, one of the major issues affecting the construction industry in Malaysia today is that of abandoned housing projects (AHPs). This issue has caused sufferings to the individuals and society. Several reasons have been cited for the AHPs which include the debt financing structure, lack of justic...

The issues of abandoned housing projects are not new in Malaysia. Without proper measures to tackle, they will continue to haunt home buyers. This study examines responses of 328 customersobtained by means of self-administered questionnaires. Four variables namely lack of justice and equity, methods of computing and pricing, nature of contract and...

The Ministry of Housing and Local Government's regards abandoned housing projects as a highly serious problem. As of June 2015, Malaysia records 10,403 house buyers being affected from 15,206 abandoned housing units on 53 housing projects. This study, therefore looks into this matter through a survey analysis on 328 house buyers covering 11 states...

Owning a house is a dream that every individual cherishes. In Malaysia, both the banking sector and the government have expended relentless efforts to ensure Malaysians have access to financing and affordable houses. These efforts are however being derailed by alarming cases of abandoned housing projects (AHPs) that have affected a substantial numb...

Due to the prohibition of interest in Islamic financial transactions as well as the nature of the Islamic banks which is based on the profit and loss sharing concept, the equity-based financing should be widely adopted rather than debt-based financing which is similar to that of the conventional banks. As such, financing instruments such as Muḍārab...

This paper utilises an analytical framework to explore and critically examine issues and challenges of offering Shari’ah-compliant mortgage financing by financial cooperatives in Malaysia. Concepts from five distinct theories (Theory of Credit Cooperative, Transaction Costs Theory, Agency Theory, Stakeholder Theory, and Theory of Credit Rationing...

Purpose – This paper aims to identify the gaps and differences between customer expectations and perceptions on service quality of Islamic banks in Malaysia based on six dimensions of service quality, namely, reliability, responsiveness, assurance, empathy, tangibles and Islamic Shari’ah compliance. Design/methodology/approach – This study surveye...

Due to the prohibition of interest in the Islamic financial transactions as well as the nature of the Islamic banks which is based on the profit and loss sharing concept, the equity-based financing should be widely adopted rather than debt-based financing which is similar to the conventional banks. As such, financing instruments such as Mudarabah a...

The research emphasis on stock screening methodology is provided, and implemented by regulators and index providers. The main objective of this study is to analyze the differences in the screening process. Thirty-five top Shariah-compliant stocks listed in Bursa Malaysia were tested against four stock screening methodology providers, namely Dow Jon...

This study is aimed at explaining factors influencing the intention to be a partner amongst bank customers in musharakah mutanaqisah home financing. Drawing upon the theory of planned behavior (TPB), this study assesses the model in order to examine the effects of three explanatory factors namely attitude, subjective norm and perceived behavioral c...

Purpose – The purpose of this study is to propose a theory of Islamic consumer behaviour to explain the factors that influence the Islamic mortgage industry. Although previous works have shown that conventional marketing theories were, to a certain extent, able to predict factors influencing halal marketing and Islamic mortgage, these theories fail...

Purpose - Purpose - This study examines the factors influencing the consumer acceptance on Islamic home financing products amongst clients of Islamic banks. For the purpose, the study extends the theory of planned behaviour (the TPB) in explaining the Islamic home financing adoption along. Further, the study also intends to analyze the effects of "...

Microfinance is a general term that entails the provision of financial services to micro-entrepreneurs or to those who do not have access to banking facilities. The current issues faced by micro-entrepreneurs are difficulties in seeking financing from financial institutions due to lack of sufficient collateral, no credit history, irregular or uneas...

Microfinance is a general term that entails the provision of financial services to micro- entrepreneurs or to those who do not have access to banking facilities. The current issues faced by micro-entrepreneurs are difficulties in seeking financing from financial institutions due to lack of sufficient collateral, no credit history, irregular or unea...

Purpose – The purpose of this paper is to investigate the effects of subjective norm, relative advantage, simplicity, compatibility and perceived behavioural control on the Islamic home financing adoption. It also examines the effects of subjective norm, relative advantage, simplicity and compatibility on attitude. Analyses of attitude as a mediati...

The issue of riba or usury has long been a problem for Muslims. The establishment of Islamic financial institutions is a major step in addressing this predicament, as Islamic finance has been characterized as a body to remove exploitation and injustice. The concepts of Islamic finance were initially discussed in the mid 1940s; however, further deta...

The Islamic world is in its evolutionary phase. Islamic finance which comprises the banking system, takaful (Islamic insurance) and capital market products and services offer an alternative to society. The development is said to be phenomenal with a double-digit annual growth rate since its inception. McKinsey & Company (2007) in his study stated t...

One of the causes of the 2007 U.S. subprime crisis in 2007 is the use of traditional debt financing whereby the bank does not take risk of owning the property. Furthermore, the bank does not share its profit with customer and monthly instalment is pegged against market interest rate. This paper will initially examine salient issues (e.g. interest c...

The study explores the critical factors that influe nce financial planning after retirement among Malay sians, an area which has somewhat been largely overlooked by the extant literature. The study has used a quantitative method to survey a sample of 170 Malaysian citizens, from various places in the Klang Valley area. Exploratory factor analysis,...

Lembaga Urusan Tabung Haji (LUTH) (Tabung Haji in Bahasa Malaysia) is a successful model of pilgrimage management for the Muslim world. It began operations in Malaysia in September 1963 with a vision of providing rapid and professional services to the pilgrims, achieved through managing deposits and investments efficiently. Tabung Haji also handles...

Lembaga Urusan Tabung Haji (LUTH) is a successful model of pilgrimage fund management for the Muslim world. It began operations in Malaysia in September 1963 with a vision of providing rapid and professional services to the pilgrims, achieved through managing deposits and investments efficiently. Tabung Haji also handles all Hajj operations and ens...

IIUM Journal of Economics and Management, Suppl. (19), pp. 177-196. ISSN 1394-7680

Purpose – The purpose of this paper is to examine customers' perception on two modes of home financing namely Bai Bithaman Ajil (BBA), debt-based financing, and diminishing partnership (DP), an equity-based financing, focusing on the concepts used, methods of computation and pricing, Shariah compliant, justice and equality, societal well being and...