Salina Kassim

Salina Kassim
International Islamic University Malaysia | iium · Institute of Islamic Banking and Finance (IIiBF)

PhD in Economics (International Islamic University Malaysia)

About

314
Publications
204,076
Reads
How we measure 'reads'
A 'read' is counted each time someone views a publication summary (such as the title, abstract, and list of authors), clicks on a figure, or views or downloads the full-text. Learn more
2,308
Citations
Introduction
My area of research interest is in Islamic social finance, apart from Islamic finance-economic growth nexus. I have published extensively in indexed peer-reviewed journals with more than 150 articles, having supervised/supervising nearly 90 Masters and PhD students. I have several speaking and training engagements as invited speaker, Adjunct Professor, Visiting Professor, and trainer, locally and internationally. I also sit on the editorial boards of several reputable journals.
Additional affiliations
August 2019 - present
International Islamic University Malaysia
Position
  • Head of Faculty
January 2016 - June 2018
International Islamic University Malaysia
Position
  • Head of Faculty
Description
  • Responsible for research and publication activities at the IIiBF.
January 2014 - March 2020
International Islamic University Malaysia
Position
  • Professor (Associate)
Education
September 1999 - June 2006
International Islamic University Malaysia
Field of study
  • Monetary/Financial Economics
September 1999 - June 2006
International Islamic University Malaysia
Field of study
  • Monetary Economics

Publications

Publications (314)
Preprint
Full-text available
With the recent surge in interest in Islamic banking and finance, the subject of Islamic financial literacy has taken on new significance. With the growth and development of Islamic financial products, it is possible to choose the right ones and make the right decisions about Islamic financial products through acquiring Islamic financial literacy....
Article
Full-text available
Countries cautiously observe their banking sector stability by virtue of its vital repercussions. Different researchers used different measures/proxies to investigate stability and its relevance to market structure and power, and mixed evidence was presented. In a dual banking system, the influence of the market structure and power on stability is...
Article
Due to its wide economic applications and low initial costs, stingless bee farming has a high potential to be developed as an economic empowerment program for the low income community in the rural area. Despite this, in-depth research focusing on the marketing aspects of stingless bee farming is still lacking resulting in a sub-optimal production l...
Article
Shariah compliance is an important aspect of all Islamic financial instruments and transactions. With the growth of innovation in the finance industry, Islamic fintech's presence has added players, such as digital platforms, which need to comply with shariah. Therefore, this study aims to examine Islamic Peer-to-Peer (P2P) financing activity implem...
Article
Full-text available
Purpose: This research aims to discover whether or not there is a connection between the governance structure of microfinance institutions (MFIs) and the outreach these organisations provide. The research looks at how the different kinds of MFIs, like Microfinance Banks (MFB) or Self-Help Groups (SHG), Microcredit Programme (MCP), and Rural Develop...
Conference Paper
Full-text available
The COVID-19 pandemic has had a devastating impact on employees' retirement plans. The pain is most acute for those who have lost their jobs or taken substantial pay cuts limiting their ability to contribute to retirement plans such as Employee Provident Fund (EPF). Realizing this issue impacts the economic growth in Malaysian society, the Governme...
Article
Full-text available
Purpose – The purpose of this paper is to investigate the relationship between the subcomponents of intellectual capital and organisational performance in waqf institutions in Algeria. Design/methodology/approach – Data was collected through structured questionnaires from a sample of 193 waqf employees working in 23 different provinces in Algeria...
Article
Full-text available
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
Social enterprises are expected to bring significant positive impact on Indonesia's economy and may help to meet the Sustainable Development Goals (SDGs). Social enterprises empower minorities by providing more opportunities for a sustainable means of livelihood, especially for low-income and disadvantaged groups. However, despite its potential, fi...
Article
Purpose This study aims to analyze the role of religious knowledge level in influencing customers’ brand association and purchase intention of luxury cars by focusing on the Indonesian context and taking the Lexus brand as a case in point. Design/methodology/approach A sample of 159 respondents was taken from a population of Muslim consumers who l...
Article
Microfinance institutions (MFIs) have been widely recognized to promote financial inclusion and contribute towards poverty eradication by facilitating the access to financial products and services to the under-privileged and unbankable segment of society. Nevertheless, numerous studies have shown that many MFIs face the issue of economic viability...
Article
The access to capital is very crucial for ensuring the financial sustainability of microfinance clients. It is also equally important to determine the demand for microfinance services among the clients. This study aims to identify the factors affecting the demand for Islamic microfinance (IsMF) services among the women micro-entrepreneurs in Malays...
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
In Indonesian banking system, conventional banks are operating side by side with Islamic banking in a dual banking system. In terms of the credit risk determinants, Islamic banks should be affected by the different factors as conventional banks. However, the similarity of Islamic banks and the conventional bank in terms of contracts might lead to t...
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
Full-text available
Housing affordability is important to ensure houses are affordable to everyone across all income categories, whether they are in the low-income, middle-income (M40), or high-income group. Building housing projects on waqf land will help increase the supply of affordable houses, especially targeted at the M40 group, while also addressing the shortag...
Article
Ensuring food security becomes a significant issue in many countries, particularly during the coronavirus pandemic. Thus, the agriculture sector's development is critically essential to improving food availability. Despite several initiatives launched by the Malaysian authorities to support small farmers, this sector continues to suffer from access...
Article
Purpose This paper aims to investigate low-income households in Indonesia with regard to their perspective on charity-giving and its comparison with acquiring debt behavior as their tendencies on taking and giving behaviors toward monetary form. The research framework is seen from the Islamic perspective. Design/methodology/approach Theory of soci...
Article
Purpose Small farmers are considered one of the most affected communities worldwide due to poverty. Hence, this paper aims to study how the proposed waqf crowdfunding models are intended to provide alternative sources of funds for the waqf institutions and farmers. Design/methodology/approach The present study employed a qualitative method by anal...
Article
Full-text available
Efficient financial markets comprised substantial information about the financial and economic situations domestically and globally. For an investor, it is very important to consider the international factors that affect the performance and volatility of an index, which arise as a result of the switch in volatility in the international market. This...
Article
Full-text available
This research was conducted to discover the relationship between Islamic crowd investing and agriculture by exploring and analyzing the Islamic crowd-investing platform and to describe the importance and benefits of sustainable agriculture in Indonesia. Funding platforms for agriculture are still relatively small in Indonesia. However, the potentia...
Article
Some communities and governments in Indonesia have taken the initiative to develop waqf forests to solve forest conservation problems. However, research on waqf forest development is still rarely studied. This study aims to improve the strategy of waqf forest development in Indonesia. SWOT method is used to identify the strengths, weaknesses, oppor...
Article
Some communities and governments in Indonesia have taken the initiative to develop waqf forests to solve forest conservation problems. However, research on waqf forest development is still rarely studied. This study aims to improve the strategy of waqf forest development in Indonesia. SWOT method is used to identify the strengths, weaknesses, oppor...
Article
This research was conducted to discover the relationship between Islamic crowd investing and agriculture by exploring and analyzing the Islamic crowd-investing platform, and to describe the importance and benefits of sustainable agriculture in Indonesia. Funding platforms for agriculture are still relatively small in Indonesia. However, the potenti...
Article
Purpose This study aims to examine the relationship between religiosity and branding on small- and medium-scale enterprises (SMEs’) performance in Saudi Arabia. It also examines the mediating role of financial literacy on the relationship among Islamic religiosity, branding and SMEs’ performance. Design/methodology/approach This study adopts the p...
Article
Full-text available
India and Indonesia are among the world-largest democracies, having a strong international presence through involvement in various economic and intergovernmental organizations such as in the E7 countries and G20 countries groups. This study aims to identify the impact of macroeconomic variables on the Islamic stock markets of India and Indonesia. T...
Article
Full-text available
This study examines the redress mechanisms accessible to aggrieved consumers dealing with various consumer credit providers in Malaysia. The existing legal and institutional framework characterised by the piecemeal approach has led different groups of consumers to varying levels of access, which can be superior or inferior to one another. The study...
Article
Full-text available
This research aims to initiate the integration model of zakat-waqf with Social Forestry Program. The study is a conceptual paper and qualitative using secondary data and descriptively analyzed. It reviews several existing models related to Zakat and Waqf's role in financing the agriculture and forestry sectors to formulating a novel model for pover...
Article
Full-text available
The introduction of electronic marketing (e-marketing) has a huge impact on consumer behavior as products are brought closer to consumers and barriers are lifted by breaking the time and physical constraints in marketing activities. A pertinent question to ask if the COVID-19 pandemic have further increased the tendency of consumers' involvement in...
Conference Paper
Full-text available
Financial planning guides a person in making major financial decisions such as spending, borrowing and investing. It enables one to comprehend how each financial decision affects other aspects of one's finances. For the past few years, numerous studies attempted to explore public awareness about the importance of financial planning. Realizing that...
Article
Full-text available
India and Indonesia are among the world-largest democracies, having a strong international presence through involvement in various economic and intergovernmental organizations such as in the E7 countries and G20 countries groups. This study aims to identify the impact of macroeconomic variables on the Islamic stock markets of India and Indonesia. T...
Article
This research aims to answer and investigate the roles of Islamic microfinance institutions (IMFIs) in improving financial inclusion in Indonesia by taking three regions, namely, Jakarta, Bogor, Depok, Tangerang and Bekasi (JABODETABEK) area; Daerah Istimewa (DI) Yogyakarta area; and Nusa Tenggara Barat (NTB) area as samples. The results will demea...
Article
Full-text available
The COVID-19 pandemic, which hit humankind in late 2019, has immensely affected food-insecure people who are susceptible to chronic hunger. Hundreds of millions of people have already been suffering from hunger and malnutrition even before the virus hit. This has motivated various groups from the society to donate for the provision of food to those...
Article
The COVID-19 pandemic has affected the economies throughout the globe including countries in ASEAN region. In Indonesia, economic growth is predicted to be negative and recession is happening, starting from the third quarter of 2020. Ironically, Islamic social activities including charity giving has shown an encouraging development during the COVID...
Article
Full-text available
This study provides a critical discussion on the history of waqf in Algeria throughout three main different eras namely, the Ottoman rule era, the French colonisation period and after independence era, to raise awareness and enrich researchers’ thoughts regarding the practice of waqf in Algeria. Also, it highlights the practice of many waqf institu...
Article
Full-text available
Climate change is happening, extreme events related to it are on the rise globally, and Malaysia, for sure, will not be spared from the effects of the phenomenon. For the past few years, numerous studies attempted to explore public awareness and educating the public about climate change. Realising that the global financial industry has started to p...
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
Full-text available
Purpose The purpose of this paper is to seek to establish an effective governance framework for waqf (Islamic endowment) in the Republic of Guinea that would assist in enhancing socio-economic activities and eradicating poverty in the country. Design/methodology/approach It examines key governing features within the said country’s waqf legal frame...
Article
Full-text available
Green microfinance policy encourages Microfinance Institutions (MFIs) to provide green microfinance to promote environmental-friendly for substantial financial development in SDGs. This paper examines the relation of profitability with green microfinancing on MFIs in Bangladesh. This paper aims to observe microfinance and Sustainable Development Go...
Article
Full-text available
Islamic banking is considered as the perfect alternative of the current conventional financial system. However, there is still a huge amount of criticisms in terms of its practice, with many claims that Islamic banking and finance simply replaces conventional banking terminology and offers near-identical services to its clients but at a higher cost...
Chapter
Full-text available
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
Full-text available
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...
Article
Full-text available
The whole world is passing through an unprecedented period and struggling to overcome the economic and financial losses caused by a tiny virus COVID 19. Bangladesh is no exception. The economy of the country is agricultural-based and post-harvesting losses of fruits and vegetables is a significant issue here. This paper tries to investigate the old...
Chapter
Full-text available
Green banking being a new trend deserves more attention. Understanding green banking, its nature, importance, impact on spreading green, its link to sustainable development goals (SDGs), and Maqasid Shariah is vital. Therefore, this chapter is going to cover the abovementioned essentials. Banks' financing that care about the environment is green ba...
Article
Full-text available
The differences in skill expectations and knowledge are amongst factors that contribute to the variances when men and women choose financial products. Women are claimed to be risk averse, somewhat insecure, lacking self-confidence and interest in financial investment products. Nevertheless, the evolving working and educational environment has chang...
Article
Ensuring food security becomes a significant issue in many countries, particularly during the coronavirus pandemic. Thus, the agriculture sector’s development is critically essential to improving food availability. Despite several initiatives launched by the Malaysian authorities to support small farmers, this sector continues to suffer from access...
Article
Full-text available
The Covid-19 is an unexpected event in the world history with substantial socio-economic impact on the global economy. The global financial market was also badly affected as reflected by the extreme volatility as well as weak performances in the stock markets all over the world. How do the Islamic stock markets in various parts of the world behave...
Article
Full-text available
This study aims to explore the impact of the outbreak during movement control order (MCO) to micro-entrepreneurs under Amanah Ikhtiar Malaysia (AIM) program and the current approach used to mitigate the impact of Covid-19 on their business.This study conducted using a qualitative approach, an in-depth interview using a semi-structured interview for...
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
Youth entrepreneurs in Malaysia are getting very little financial assistance despite the various funding options available for small and medium enterprises (SMEs). While financial institutions are the main source of external finance to SMEs, this financing option is often not readily accessible to youth entrepreneurs due to the latter's high-risk p...
Article
Full-text available
The entire globe is experiencing unprecedented time and is trying to live in this era of digitization and declining globalization, which is being exacerbated by a small virus known as COVID 19. Indonesia is no different. To handle the pandemic, ensuring good health through enhancing food security is vital. The post-harvesting food losses because of...
Preprint
Full-text available
The COVID-19 pandemic has had a devastating impact on employees’ retirement plans. The pain is most acute for those who have lost their jobs or taken huge pay cuts that limit the employees’ ability to contribute to retirement plans such as Employee Provident Fund (EPF). Realizing this issue is impacting the economic growth in the Malaysian society,...
Article
Full-text available
The paper aims to review and discuss on the issue of retirement awareness among the working population below 40 years old in Malaysia. Retirement awareness is important since by 2035, Malaysian will be an ageing society with 30 percent of its population will be in the category of 60 years and above. Consequently, retirement awareness helps to ensur...
Article
Full-text available
Previous studies about waqf for forest conservation mostly concentrated on its potential or its prospect for forest preservation or environmental protection. In contrast, a detailed discussion about how to establish a waqf forest to support the SDGs is still noticeably absent. This paper aims to formulate a scheme of productive waqf forests that ca...
Article
Full-text available
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
Full-text available
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
This study aims to measure and compare the intertemporal efficiency of Islamicbanks in Indonesia and Malaysia using data envelopment analysis (DEA) togetherwith window (intertemporal) analysis for the period 2012–2018 and applying anintermediation approach. Window analysis is used to indicate the stability of efficiencyover the study period. The fi...
Article
Full-text available
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...
Article
Purpose The purpose of this study is to investigate the influence of capital adequacy ratio (CAR) prescribed in Basel III on the risk-taking behaviour of Islamic and conventional commercial banks in Malaysia. It also investigates the claim that the risk-taking behaviour of Islamic banks (IBs) and conventional banks (CBs) managers is identically inf...
Article
Full-text available
The youth unemployment rate in Malaysia is three times higher than the total population. Unemployment among youth can have negative effects on the economy and social landscape if not curbed. It is widely accepted that entrepreneurship is capable to reduce unemployment rate as well as stimulate economic growth. However, new business entry in Malaysi...
Chapter
Full-text available
Green banking being a new trend deserves more attention. Understanding green banking, its nature, importance, impact on spreading green, its link to sustainable development goals (SDGs), and Maqasid Shariah is vital. Therefore, this chapter is going to cover the abovementioned essentials. Banks' financing that care about the environment is green ba...
Chapter
Full-text available
Synonyms Clean energy; Easily accessible energy; Green energy Definition According to United Nations Development Program , affordable energy means clean energy and the sources are solar, wind, and thermal (UNDP 2015). "Affordability" clearly is a meaningful word; but its meaning changes depending on horizons of time and space. Although majority of...
Article
Purpose This paper aims to make a comparative analysis about the level of customer satisfaction on employee professionalism between Islamic and conventional banks in Malaysia. It also explores the important factors that attract customers to banks and identifies the strategies to improve customer satisfaction on employee professionalism. Design/met...
Book
Full-text available
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...
Chapter
Indonesian Islamic Microfinance Institutions (IMFIs) are estimated to be 5000—an effective poverty alleviation tool for approximately 22.8 million Indonesians or 8.77% of the 260 million population (National Statistic Board, 2018), living on less than USD 1.90/day. Without collateral and steady income, the poor are considered risky by formal financ...
Article
Full-text available
Purpose ― This study aims to highlight the importance of intellectual capital (IC) for the operation of waqf (Islamic endowment) institutions, as few studies have discussed this issue in relation to non-profit religious organisations, particularly waqf organisations. Consequently, this study hopes to contribute to the development of waqf institutio...
Article
Full-text available
The purpose of this paper is to compare the Islamic micro-financing and Ar-Rahnu. Using the content analysis approach, the paper examines the reports of micro-financing provided by Bank Negara Malaysia and comparing the rate with Ar-Rahnu. To validate the content analysis facts and to reveal the actual behavior and perception of micro-entrepreneurs...
Article
Abstract Purpose This paper aims to assess the nature of competition between conventional and Islamic banks operating in Malaysia. It is an effort to enrich the existing literature by offering an empirical compromise on the differences in the results of studies related to competition between the two types of banks. Design/methodology/approach Seco...