International Journal of Islamic and Middle Eastern Finance and Management 

About: International Journal of Islamic and Middle Eastern Finance and Management is an academic journal published by Emerald Publishing Limited. The journal publishes majorly in the area(s): Islam & Business. It has an ISSN identifier of 1753-8394. Over the lifetime, 544 publications have been published receiving 13829 citations.

A survey on Shari'ah governance practices in Malaysia, GCC countries and the UK

Abstract: Purpose – The purpose of this paper is to understand current Shari'ah governance practices with the purpose of promoting greater understanding of some of the crucial issues and to provide relevant information in guiding the future development of Shari'ah governance system. The paper illustrates the state of Shari'ah governance practices in Malaysia, GCC countries (Kuwait, Bahrain, United Arab Emirates, Qatar and Saudi Arabia) and the UK by highlighting five main elements of good corporate governance that consist of independence, competency, transparency, disclosure and consistency.Design/methodology/approach – Since the availability of secondary data on Shari'ah governance practices is very limited, a detailed survey questionnaire is generated for sourcing primary data from Islamic Financial Institutions (IFIs). The study utilizes descriptive analysis approach in extracting and analyzing the data and factual input derived from the questionnaire feedback.Findings – The survey findings affirm that there are...

Predicting intention to choose halal products using theory of reasoned action

Abstract: Purpose – Emphasis on the importance of halal products is now growing. It is fast becoming a new market force and brand identifier and is now moving into the mainstream market, affecting and changing perception on how business should be conducted, including from a marketing point of view. The purpose of this paper is to test the applicability of the theory of reasoned action (TRA) in predicting the intention to choose halal product among Malaysian consumers.Design/methodology/approach – A structured questionnaire was used to elicit responses from consumers using a convenience sampling technique. A total of 485 responses were received. Needless to say, this study extends the applicability of the TRA to study halal product usage among consumers in Malaysia.Findings – The findings indicated that the TRA is a valid model in the prediction of the intention to choose halal products. Attitude (β=0.288, p<0.001) and subjective norm (β=0.814, p<0.001) were found to be positively related to intention, with subjecti...

An examination of the relationship between service quality perception and customer satisfaction: A SEM approach towards Malaysian Islamic banking

Abstract: Purpose – This study attempts to examine the relationship between service quality perception and customers' satisfaction in Malaysian Islamic banking using the SEM approach.Design/methodology/approach – This model starts with SERVQUAL measurement scales consisting of six dimensional structures: tangibles, reliability, responsiveness, assurance, and empathy, and plus the compliance dimensions to measure Malaysian Islamic banking service quality. Respondents are the customers (Muslim and non‐Muslim) who visit the bank counters. They must have an account with one of the full‐fledged Islamic banking and dual‐banking systems.Findings – The results showed that the proportion of Malaysian Muslims' awareness of the Islamic banking products and services were high compared to non‐Muslim customers. The majority of the Islamic banking customers were satisfied with the overall service quality provided by their banks. The findings suggest that the standard model of Islamic banking service quality dimensions should cons...

Review and analysis of current Shariah‐compliant equity screening practices

Abstract: Purpose – The purpose of this paper is to analyze the impact of applying alternative Shariah screens on the resulting universe of halal assets and to show that Shariah screening procedures currently used in practice are inconsistent with respect to discriminating between halal and haram.Design/methodology/approach – An empirical data analysis of the different asset universes obtained when applying the criteria specified by the most prominent Shariah‐compliant funds and indexes to a common standard asset universe, the assets contained in the S&P 500 index.Findings – Analysis reveals that the asset universes are significantly different in size as well as constituents, i.e. for every index there is a substantial number of assets which are specified as halal or haram but classified the opposite way for other indexes. This indicates that, so far, there is no universal or generally accepted understanding of how to transform the descriptive Shariah rules into a system of checkable investment guidelines.Research ...

Exploring corporate social responsibility disclosure: the case of Islamic banks

Abstract: Purpose – The purpose of this paper is to explore whether any discrepancy exists between the corporate social activities disclosed in the annual reports of Islamic banks and the corporate social responsibility (CSR) disclosure index which has been developed based on the Islamic business ethics framework.Design/methodology/approach – This paper reports on a survey of annual reports of seven Islamic banks using the method of content analysis to measure the volume of CSR disclosure.Findings – The results show the overall mean CSR disclosure index of one Islamic bank out of seven to be above average and the issues of CSR are not of major concern for most Islamic banks.Research limitations/implications – CSR disclosure in the Islamic banks is experimental and could be explored in greater depth in future studies.Practical implications – The findings have important implications for academics and researchers, as they pave the ways for further investigation. The results also have important implication for Accounti...