Salina Kassim

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

PhD in Economics (International Islamic University Malaysia)

About

407
Publications
285,203
Reads
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4,487
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
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)
August 2019 - present
International Islamic University Malaysia
Position
  • Head of Faculty
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 (407)
Article
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Purpose-This paper aims to examine a range of factors that may influence the intention of ultra-micro-SMEs in Indonesia in choosing the type of microfinance facilities in the case of getting better offerings. Design/methodology/approach-Drawing from the theory of planned behavior (TPB) framework, religious elements factors include religious leader...
Article
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The Islamic bonds and debts, according to Islamic Shariah, are referred to as Sukuk, which provides cheaper and interest-free funding options for businesses and lower-risk bonds for individual investors. This study aims to present a novel fintech-based (Smart) SRI Sukuk model that can be useful for Islamic microfinance institutions (IMFIs) of Bangl...
Article
Purpose The concept of women’s empowerment is widely regarded as a crucial factor in facilitating the integration and involvement of women in the development process. The cornerstone of women’s empowerment is widely acknowledged to be social and political engagement coupled with economic independence. This research aims to contribute to understandi...
Article
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The purpose of this research is to provide a conceptual framework for Islamic institutional and retail investment in maritime assets. Our objectives are to provide an introduction to seaborne trade and analyze trends in institutional interest in alternative assets and international shipping as well as highlight Islamic and conventional equity struc...
Article
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Baitul Maal wa Tamwil (BMT), a financial cooperative organization, managed by people, can provide informal funding for households. However, the agency problem poses challenges for financial institutions operating in that micro sector, as financiers may struggle to monitor borrower characteristics, efforts, or profitability, leading to inefficiencie...
Book
The future of Indigenous inclusivity in economic development depends on new financial opportunities to empower Indigenous communities to thrive while preserving their cultural heritage. As global economies shift toward sustainability and equity, there is growing recognition of the need to support Indigenous peoples in accessing finance, technology,...
Article
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The COVID-19 pandemic disproportionately impacted women-owned small and medium enterprises (SMEs) in Malaysia, exposing their vulnerabilities and highlighting the need for effective resilience strategies. This study examines the role of Islamic social finance in enhancing the financial resilience of these businesses during and beyond the pandemic....
Chapter
The study aims to measure determinants of mobilization of Islamic finance for PPP projects in Indonesia. The study employs whole cycle of PPPs as variables namely input, process or activities, output, and outcome. Each variable consists of several selected indicators. The study applies a questionnaire and utilizes descriptive statistics and quantit...
Article
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This research paper is a conceptual study that aims to examine financial fraud and its relation to non-compliance to Shariah for the Islamic financial institution in Malaysia. The study is unique because it seeks to understand how deviations from Shariah guidelines could contribute to financial misconduct, examining the specific non-Shariah complia...
Conference Paper
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Digital finance is a broader scope where in banking, it is the ability of bank to provide financing and delivered to the customer using digital channels that comprise internet banking and digital banking. Digital banking generally supports digital finance by enabling greater access to financial services and bank lending through the latest digital t...
Article
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In a growing body of literature, importance of financial sector developmentand growth on human development has been emphasized but so far little empirical evidence to support this. Islam is a progrowth religion but the concept of development in Islam is multidimensional, understanding the relationship between finance, growth andhuman development wo...
Article
To retain customers, a high level of service quality is an essential factor in the banking industry. In contrast to the previous government, Afghans are now more driven to follow religion in their daily lives following the Taliban’s 2021 August 15 takeover in the country,while questions about the extent of service quality and religious factors that...
Conference Paper
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Financial literacy is regarded as one of the most crucial factors to take into account for people to be able to make wise financial decisions. Despite the significance, little is known about Islamic financial literacy as one of the important elements that can contribute to the financial well-being of an individual especially with the rise in intere...
Article
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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
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Financial exclusion denies people access to useful and affordable financial products and services including transactions, payment, savings, credit, and insurance. Thus, Nigeria launched its National Financial Inclusion Strategy in October 2012 to reduce financial exclusion to 20.0% by end 2020 from 46.3% in 2010; and the licensed Islāmic banks are...
Article
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This study examines the effects of religiosity and Islamic financial literacy on Muslims’ financial behavior and well-being. Additionally, it investigates the impact of sociodemographic variables on the centrality of religiosity, financial literacy, financial management behavior, and the well-being of Muslim consumers. This research integrates pers...
Chapter
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Islamic microfinance is a powerful Shariah-compliant tool for helping the impoverished escape the cycle of poverty in Bangladesh. Despite a few applications of Islamic microfinance instruments, most of the instruments have been based on Murabahah contracts, while the use of equity or partnership-based contracts has been very minimal. This study aim...
Chapter
Baitul Maal wa Tamwil (BMT) as an official Islamic microfinance institution in Indonesia with a dual function, namely, a commercial function and a social function in empowering the poor, has several issues and challenges related to agency problems that occur in micro business financing. By using SWOT analysis, this study aims to explore the strengt...
Article
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Background: Diabetic neuropathy has an increasingly challenging clinician due to limited available therapeutic remedies, including vitamins, minerals, herbal remedies, and physical therapy. Aim: To evaluate the effect of vitamin B complex on diabetic peripheral neuropathy (DPNP) by assessment of nerve conductive study. Methods: Fifty diabetic patie...
Chapter
While there is a clear importance for performance measurements in commercial entities or business firms, the relevance of performance measurement in non-commercial entities or non-profit organisations (NPOs), especially social institutions, still lacks research. Similar to commercial entities, NPOs need to show that they are efficiently managed and...
Chapter
This paper attempts to analyse the investment behaviour in the retail green sukuk (RGS) issued by the Indonesian government. The research framework is based on the Theory of Planned Behaviour (TPB), while the Partial Least Square-Structural Equation Modelling (PLS) was employed as a research method. Online questionnaires were distributed to potenti...
Article
Households’ over-indebtedness has various social and economic consequences. With an increasing number of over-indebted households and rising individual bankruptcies, especially in the post-COVID-19 pandemic era, the efficiency of the solutions available to target this issue is becoming questionable. The purpose of this study is to propose an innova...
Chapter
This chapter explores the transformative impact of artificial intelligence (AI) and machine learning (ML) technologies on the Islamic Capital Market (ICM). As the global financial landscape evolves, the ICM is no exception, facing challenges and opportunities alike. AI and ML have emerged as pivotal tools for enhancing efficiency, mitigating risks,...
Chapter
In the present time, machine learning technologies are used for commercial purposes in many industries, not only the insurance sector. The insurance sector is essential to the global economy because it gives both individuals and corporations safety and financial stability. However, the industry is dealing with serious issues like increased competit...
Article
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Purpose – Despite its potential advantages, poverty interferes with economic progress in developing countries, obstructing small and medium-sized businesses from obtaining external financial assistance via Islamic microfinance. This study explores the problems related to asymmetric information in the context of funding microbusinesses in Baitul Maa...
Article
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Persatuan Anak Kuantan Utara (PAKUTA) has been established with the aim of improving the socioeconomic well-being of communities especially the B40 families around the Northern Kuantan areas. Through a collaborative effort among PAKUTA, Organic Farm Venture and IIUM, a pilot project on 'cili api bara' fertigation has been conducted under the KTP-RI...
Article
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Many studies have highlighted a low literacy level of waqf among Muslims all over the world. In Indonesia, an effort to measure the level of waqf literacy using an index was initiated by the Indonesian Waqf Board in 2020. The result has proven that there is a low level of waqf literacy in Indonesia. This study aims to explore the reasons behind the...
Article
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This study aimed to explore the zakat payers' determinants on intention to trust zakat institutions. Grounded in a qualitative research design, this study utilized an extensive literature review to analyse relevant research and identify the factors that influence the phenomenon under analysis. Drawing upon the Theory of Planned Behaviour, a framewo...
Article
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This research investigates the inclination of economically disadvantaged households in East Java, Indonesia, towards microtakaful adoption, utilizing an extended Theory of Planned Behavior (TPB). Analyzing data from 304 respondents through online and face-to-face surveys, the study reveals a significant demand for microtakaful among low-income hous...
Article
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Technology advances in the financial sector have been a topic of much discussion within the banking industry. It is believed that the adoption of digital banking by banks depends greatly on their characteristics and the market they operate. This study examines the relationship between bank and market characteristics and the adoption of digital bank...
Article
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Most MSMEs, especially micro-enterprises, do not have good business accounting records, making it difficult for owners/managers to measure the profitability of their companies. Internal control management has a significant influence in reducing fraud in Micro Enterprises. The more principles-based accounting rules, the shorter the delay in annual r...
Article
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Purpose The primary objective of this study aims to intensively explore the environment of Indonesian regulations and laws related to the Islamic banking system and micro-, small- and medium-sized enterprises (MSME) and unveil the restrictive laws and regulatory flaws that potentially hinder the Islamic banking institution and MSME industry in achi...
Article
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The acquisition of financial literacy is crucial in facilitating improved financial decision-making and promoting the long-term financial stability of individuals, families, and the nation as a whole. It is anticipated that increased levels of financial literacy, particularly among younger cohorts, will result in enhanced economic indicators, impro...
Article
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Excessive indebtedness at the individual level can create vulnerability to exploitation (Zulm), leading to a modern form of slavery known as debt bondage. Household over-indebtedness has become an increasingly widespread phenomenon in Malaysia, compounded by the negative economic impact of the COVID-19 pandemic. In response, this study explores the...
Chapter
The purpose of this study is to examine the effects of Islamic microfinancing, social capital, and Information Communication and Technology (ICT) usage on the performance of women micro-entrepreneurs in Islamic microfinance institution (IMFI) in Malaysia. The study employed a quantitative approach and conducted a cross-sectional survey on 115 women...
Chapter
The COVID-19 pandemic has resulted in economic sufferings of people and small businesses around the world. An innovative Islamic financial solution of waqf-linked Islamic fintech microfinance has been shown to provide an effective funding solution for micro and small businesses affected by the pandemic. This study aims to showcase a fintech-base Is...
Chapter
Technology has been identified as the driver for innovation in financial services to take place. The growth of internet users, the domination of the younger generation, and the pandemic Covid-19 have increased the importance of digital banking to deliver financial services. Digital banking which refers to internet banking and mobile banking has bee...
Chapter
Microfinance has proven that it is an effective tool for poverty reduction and socioeconomic development. Yet, the impact of microfinance on the recipients is still questioned and varies from one institution to others. This research analyzes the impact of Islamic microfinance on asnaf. The study employs a qualitative research method by using primar...
Chapter
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While the ideal case is that micro entrepreneurs should gain easy access to finance as they require more financial supports, traditional financial institutions often reject their financing applications due to the high risk associated with this segment. Thus, an alternative channel to enable micro entrepreneurs to gain access to financing is urgentl...
Chapter
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Islamic microfinance (IsMF) is an interest-free, often noncollateral financing arrangement for providing small loans to the poor and underprivileged. Through IsMF, the poor are able to access financial resources and it becomes possible for them to improve their economic and social well-being. While there can be various models of IsMF, in essence, t...
Chapter
Since Bank Negara Malaysia (BNM) issued its Discussion Paper on Microinsurance and Microtakaful in 2016, the takaful industry saw the production of various microtakaful products by the industry. Collaborations with the government agencies were also established signifying the industry’s intention to include the B40 community into the financial syste...
Chapter
Microfinance is an important tool in promoting financial inclusion, which has attracted global attention. More countries are offering microfinance with the support of the government, specialized organizations, and financial institutions. Microfinance is regarded as a means to promote inclusive growth. Therefore, this study analyzes the issues, chal...
Chapter
Over the years, the number of Malaysian prisoners continues to rise, resulting in overcrowding at prisons and further exposing the prisoners to various health and mental issues. Currently, it is the sole responsibility of the government to absorb the costs of maintaining the prisons, including maintenance and operating costs related to prisoners, c...
Chapter
Inclusivity in access to finance is a global concern and a key enabler of the prime Sustainable Development Goals (SDGs). This study focuses on appraising Islamic equity financing as an essential vehicle for a deepened and effective financial inclusion in Nigeria. The study relies on primary and secondary data sourced from surveys, interviews, offi...
Chapter
Indonesia needs to address the issue of widening infrastructure gaps by investing IDR 6445 trillion in infrastructure development until 2024. The investments, however, cannot be funded solely from the government budget as it can only cover 37 percent of the required amount. The concept of public–private partnership (PPP) has the potential to fulfil...
Article
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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 by acquiring Islamic financial literacy. The o...
Article
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Purpose – This study aims to measure and analyze the mediating role of e-satisfaction on the effect of e-service quality on e-loyalty of the customers of Bank Syariah Indonesia (BSI) in Banda Aceh, Indonesia.Methodology – This study gathered the primary data by distributing questionnaires to a number of 200 BSI customers that were selected as the r...
Article
Waqf has been identified in many literatures to be a sustainable source of funding for microtakaful. The nature of waqf being perpetual, inalienable and irrevocable however has given it the features that could pose either as a catalyst or a hindrance for waqf to be considered as microtakaful contribution for the underserved. This study cautiously r...
Article
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The digital banking services which consist of internet banking and mobile banking have occupied an important role in the financial sector. Despite the importance of digital banking, Islamic banks in Indonesia have encountered issues with the adoption of digital banking such as budget constraints as well as sizable investment. Therefore, it is impor...
Conference Paper
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Micro, small, and medium-sized enterprises (MSMEs) play an essential role in many countries' economic and social development. This sector, in particular, generates new job opportunities, encourages competition, and, as a result, boosts productivity. MSMEs' long-term viability is crucial. MSMEs often fail during the first five years of their existen...
Article
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This study aims to explore the influence of religion on attitude and intention of individuals towards adopting Islamic banking in Mauritania. Mauritania is one of the countries with 100 percent Muslim population, and 31% of this populace is under the international poverty line. Moreover, the Mauritanian financial system is a bank-based system that...
Article
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Muslim scholars and experts have given their views on issues related to the permissive and prohibitive use of cryptocurrencies. Scholars and experts’ decisions were of three categories: permitted the use of cryptocurrency; prohibited its use based on Islamic principles; and tawaqquf, yet to make their final decision on the acceptance or otherwise....
Article
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The concept of financial inclusion is a complex problem, and it was constructed by several aspects ranging from socio-cultural, psychological, economic, geographical and political issues. Financial inclusion under the conceptualisation of institutional theory highlights the role of institutions in active markets, government, communities and societi...
Article
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The adoption of blockchain technologies necessitates the consideration of a wide range of factors far beyond the technology focus of most current research. Blockchain technology's ability to record transactions on distributed ledgers opens new possibilities for zakat institutions to improve transparency, prevent fraud, and build trust in the public...
Chapter
Islamic microfinance banks are generally known for promoting financial and social inclusion, especially in areas with low level of financial access resulting from either voluntary or non-voluntary factors. This paper, thus, examined the determinants of intention to adopt Islamic microfinance (IMF) in Nigeria, and the moderating role of religiosity...
Article
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Purpose-The main objective of this research is to examine the viability of the proposed Islamic health protection retirement plan (i-HPRP) among public and private employees in terms of their perceived benefits, future commitment, and preferences. Design/Methodology/Approach-Quantitative research design is chosen to achieve the purpose of the resea...
Article
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Purpose ― Currently, there is neither a formal zakat system nor a zakat institution in Morocco. However, in recent years, discussions have intensified regarding the establishment of a national zakat fund in the Kingdom. In this regard, the paper attempts to fill the gap by examining the factors determining the intention of Moroccans to pay their za...
Article
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This study examines the intention of Indonesian Middle of Pyramid (MOP) and Botton of Pyramid (BOP) and their intention to participate in microtakaful products. The study develops an extended theory of planned behaviour (TPB) model and uses structural equations modelling (SEM) to analyse data gathered from 428 respondents. Responses are obtained th...
Article
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Credit market research generally focuses on business loans, while households are generally viewed as providers of funds rather than debtors. However, the household credit market transfers resources from households in temporary surplus to those in temporary deficit. Generally, young people are burdened with student loans during their studies and aft...
Chapter
Distrust to zakat institutions is one of the causes zakat funds not reaching the potential amount in Indonesia. Blockchain technology, with its capability of tracing, can provide transparency information. The Blockchain-based Zakat can potentially overcome distrust issues to zakat institutions. However, the legal status of cryptocurrency is still s...
Article
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As a powerful tool for eradicating poverty, microfinance enables the underprivileged to rise up the social and economic ladders, contribute to society, and lessen their vulnerability. As a novel financial tool, Islamic microfinance can also help the impoverished escape the cycle of poverty. Bangladesh has millions of people who are living in abject...
Article
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The role of bank lending in Pakistan’s economy is critical due to the scarcity of investment options like stocks and bonds. Continuous interest rate movements put extra pressure on banks to transmit the monetary policy through the credit channel. Islamic banks face an extra layer of difficulty while operating with limited open market instruments, l...
Article
revolution 4.0 technology. AI has played a crucial role in accelerating the financial inclusion rate by easing the use of financial products. From the African perspective, there is a very few notable uses of AI technologies in the banking and finance industry, but such uses are not advanced in nature. Therefore, this paper attempts to study the rol...
Article
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This study examines the influences of Islamic microfinancing, human capital development, and information and communication technology (ICT) usage on the performance of Malaysian women micro-entrepreneurs funded by an Islamic microfinance institution (IMFI). It considers Amanah Ikhtiar Malaysia (AIM) as the study setting and adopts a quantitative ap...
Article
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Purpose This study aims to explore and analyse the credit risk assessment procedure conducted by the Indonesian Islamic banks to address the issue of asymmetric information among their micro-, small- and medium-sized enterprise (MSME) clients. This study also investigates the gaps in credit risk assessment procedures by comparing Islamic banks’ pra...
Article
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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...
Article
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In Pakistan, bank lending plays a critical role in economic activities due to the scarcity of stocks and bond options. Islamic banks face an extra layer of difficulty with limited open market instruments and lender of last resort facilities, as well as tough competition with conventional banks. This study analyzes the differences in bank lending by...
Article
While domestic violence in a marriage is commonly associated with physical and mental abuse, there has been an increasing number of cases involving financial abuse in the form of financial control, financial deprivation, sabotage, and exploitation of the spouse’s financial resources. This study aims to conceptualise financial abuse from the Domesti...
Article
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Employee engagement can be boosted by good HR practices. Complementary action can be gained by an organisation that provides training, compensation, career development, and equal and fair policies that meet the needs of its employees. Employees become more engaged. To address consumer needs, many service firms rely on information sharing techniques...
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Purpose: This study aimed to find out the challenges and barriers to the implementation of the e-governance in the Yemeni military institutions. A comprehensive literature review was conducted to the study topic. A conceptual framework was proposed that contained two independent variables thatrepresent the challenges, which were (organizational cha...