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Geeta H. Patel

Bio: Geeta H. Patel is an academic researcher. The author has contributed to research in topics: Transparency (behavior). The author has an hindex of 1, co-authored 1 publications receiving 3 citations.

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TL;DR: The implicit effect of locally understood ideas of trust which have been built into movements of capital (via ethical branding and transparency in IF, education, socially aware) can reconfigure relationships between communities in a country that has been ravaged by war as discussed by the authors.
Abstract: The purpose of this paper is to trace the history and legacy of Islamic finance (IF) in Sri Lanka in the context of the emergence of life finance. It tracks the social life of finance through a genealogy of trust and capital.,The methodology used is qualitative. It is an extended case study using conversations, company documents and newspaper archival research.,Trust, transparency and ethics must be understood locally to have salience. The implicit effect of locally understood ideas of trust that have been built into the movement of capital (via ethical branding and transparency in IF, education and social awareness) can reconfigure relationships between communities in a country that has been ravaged by war.,There have been few studies on IF in Sri Lanka; this study will enrich those offerings. However, they must be understood in relation to the emergence of life finance.,This study presents a new viewpoint on the relationship between finance and social well-being and new categories through which to understand finance.,The implicit effect of locally understood ideas of trust which have been built into movements of capital (via ethical branding and transparency in IF, education, socially aware) can reconfigure relationships between communities in a country that has been ravaged by war.,There have been few studies on Islamic Finance in Sri Lanka; this study will enrich those offerings. But they must be understood in relation to the emergence of life-finance in South Asia.

5 citations


Cited by
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Journal ArticleDOI
Aditi Saraf1

7 citations

Journal ArticleDOI
TL;DR: In this paper, the authors investigated Shariah governance practice in Sri Lanka that practices dual financial system (conventional and Islamic finance) for the past twenty years, with a special focus on process and structure.
Abstract: Shariah governance plays a key role in ensuring integrity of Islamic financial system. The structure and the process of Shariah governance has been proposed by the international standard setting bodies for Islamic Financial Institutions (IFIs) to follow and incorporate Shariah governance practices in their operations and financial products. This study aims to investigate the Shariah governance practice in Sri Lanka that practices dual financial system (conventional and Islamic finance) for the past twenty years, with a special focus on process and structure. The qualitative method is employed in this study whereby the primary data are gathered in the form of interview while secondary data are collected through research articles, annual reports, official websites, magazines and newspaper. This study found there are gaps and shortcomings in the Shariah governance practice at IFIs in Sri Lanka particularly in the structure and the process as compare to the international framework and guidelines issued by international standard setting body such as AAOIFI and IFSB. The main contribution of this study is to put forward recommendations to rectify the gaps and to further enhance the Shariah governance practices in Sri Lankan IFIs.

6 citations

Journal Article
TL;DR: In the last two years of the I4H project, students reported five groups of challenges: cultural challenges, communication based challenges, conflict-based challenges, team related challenges, and unforeseeable challenges as mentioned in this paper.
Abstract: Introduction: The Carey Business School's Innovation for Humanity (I4H) project leverages experiential learning in its collaboration with international partners that work towards achieving the United Nation's 17 Sustainable Development Goals (SDGs).The theory behind the development and evolution of I4H is rooted in literature that describes culture, experiential learning and the business of social impact the I4H project equips teams with cultural and conflict management training, business communication skills and analytical tools to solve organizational problems in multicultural settings. Purpose: This study has two main aims. It seeks to describe I4H, a Business School experiential learning program, exploring the model that I4H uses to address culture and conflict in teaming in its international projects. This study also identifies student challenges and solutions to problem solving in the context of culture, conflict and teaming in I4H and proposes that these lessons learned are transferable in the context of similar experiential learning projects. Methods: Student and programmatic experiences from the last two years of I4H were analysed qualitatively using grounded theory. Student experiences as reported from their project feedback were coded using grounded theory into themes that explored their challenges and learning points from completed projects. Themes on solutions to these challenges were also explored. Results: In the last two years, I4H has worked with 32 sponsors from five countries. Students reported five groups of challenges: Cultural challenges, communication based challenges, conflict based challenges, team related challenges, and unforeseeable challenges. These challenges were mitigated using concepts from I4H and its supporting course, Solving Organizational Problems. Limitations: The I4H program is limited to the Carey Business School, and its generalizability to other experiential learning programs may be confounded by the other learning experiences that students encounter at the Carey Business School. Conclusions: Carey Business School's I4H experiential learning model is transferrable and creates value through skill transfer, social impact and reciprocal community development. The I4H program successfully deals with multicultural issues in international collaboration, conflict resolution and teaming. It has direct impact through bilateral knowledge and skill transfer, and indirect impact through initiatives that it inspires, and fosters.

3 citations

Journal ArticleDOI
TL;DR: In this paper , the authors assess the level of awareness and understanding of Takaful, an Islamic insurance scheme, as compared to traditional insurance among students of Islamic Studies in Sri Lanka.
Abstract: The purpose of this study is to assess the level of awareness and understanding of Takaful, an Islamic insurance scheme, as compared to traditional insurance among students of Islamic Studies in Sri Lanka. Despite the growing popularity of Takaful in the country, there is a notable lack of awareness and understanding of this concept among Sri Lankans. By conducting a survey among Sri Lankan students, this research seeks to determine the level of awareness and acceptance of Takaful, while identifying the factors that influence this perception. The research methodology employed was to collect data through questionnaires distributed to customers in Sri Lanka. The findings indicate that although there is a growing demand for Takaful in the country, a significant portion of the population is either unaware of its existence or hesitant to adopt it due to prevailing misconceptions. The study highlights the importance of increasing awareness and understanding of Takaful to encourage greater participation in this form of insurance. In addition, future research could examine the reasons for limited engagement with Takaful and explore strategies to promote insurance literacy and active participation in the industry.