Does Islamic Banking Contribute to Economic Development? Evidence From Malaysia

Does Islamic banking contribute to the economic development of a country? In what way Islamic banking contribute to the economic development? Are the main question might be asked to examine the viability of Islamic banking to the economic development. This paper attempts to answer those questions by examining the dynamic interactions between Islamic banking and economic development of Malaysia by employing the Cointegration test and Vector Error Model (VECM) to see whether the Islamic financial system contributes to the economic development and economic development that contribute to the transformation of the operation of the Islamic financial system in the longrun. We use time series data of total Islamic bank financing (IB financing) and real GDP per capita (RGDP), fixed investment (GFCF), and trade activities (TRADE) to represent real economic sectors. We found that in the short-run only fixed investment that granger cause Islamic bank to develop for 1997:1-2005:4. Where as in the long-run, there is evidence of a bidirectional relationship between Islamic bank and fixed investment and there is evidence to support ‘demand following' hypothesis of GDP and Islamic bank, where increase in GDP causes Islamic banking to develop and not vice versa. Islamic banking is also found to have less contribution to the International trade in the form of export and import of goods and services

Are Islamic banks in Malaysia really ‘Islamic’?

Understanding the underlying wisdom of the origin of Muamalat could clear some misconceptions towards Islamic banks in Malaysia. These misconceptions arise when we talk about transformation from conventional bank to Islamic bank. The development process of Islamic banking and the services offered by Islamic banks may be similar to those of conventional banks with some exception that include general banking principles. Therefore this term paper combine both practitioners and academicians thoughts and ideas regarding the Islamic banking and finance operating mechanisms and its possible impacts to clear some common misgivings.Islamic banks, Malaysia, Islamic financial institutions, Misconceptions, Common misgivings

Seipin oligomers can interact directly with AGPAT2 and lipin 1, physically scaffolding critical regulators of adipogenesis

This work was supported by a Merit Scholarship from the Islamic Development Bank (to M.M.U.T.), The Agency for Science, Technology and Research, Singapore (A*STAR) (M.F.M.S), the Medical Research Council (MRC) [NIRG GO800203 and Research Grant MR/L002620/1 (to J.J.R.), Program GrantG09000554 (to S.O.R)], The Wellcome Trust [078986/Z/06/Z (to S.O.R.)], the MRC Centre for Obesity and Related Metabolic Disorders (MRC-CORD) [GO600717] and the NIHR Comprehensive Biomedical Research Centre [CG50826].Peer reviewedPublisher PD

Digital and sustainable trade facilitation in the Organisation of Islamic Cooperation (OIC) Asian Countries

Based on the 2023 United Nations Global Survey on Digital and Sustainable Trade Facilitation, the report analyzes the current state of trade facilitation in Organisation of Islamic Cooperation (OIC) Asian Countries, offering valuable insights into trade facilitation’s institutional, digital and sustainability aspects. The results from a comprehensive assessment serve as solid evidence for identifying critical areas for improvement and knowledge exchange opportunities among OIC Asian Countries. For other reports and the results of the UN Global Survey on Digital and Sustainable Trade Facilitation 2023, please visit http://wwww.untfsurvey.orgBOXES, TABLES & FIGURES 01 ABBREVIATIONS 02 1 INTRODUCTION 03 1.1 Background and objective 05 1.2 Survey instrument and methodology 06 2 TRADE FACILITATION IMPLEMENTATION: OVERVIEW 07 2.1 Most and least implemented trade facilitation measures 11 2.2 Progress in implementation between 2019-2023 13 3 IMPLEMENTATION OF TRADE FACILITATION MEASURES: A CLOSER LOOK 15 3.1 Transparency 17 3.2 Formalities 18 3.3 Institutional arrangement and cooperation 19 3.4 Transit facilitation 20 3.5 Paperless trade 21 3.6 Cross-border paperless trade 22 3.7 Trade facilitation for SMEs 25 3.8 Agricultural Trade Facilitation 27 3.9 Women in Trade Facilitation 28 3.10 Trade finance facilitation 29 3.11 Trade facilitation in times of crisis 30 4 TRADE FACILITATION IN OIC ASIAN COUNTRIES 31 5 CONCLUSION AND THE WAY FORWARD 35 ANNEXES 39 Annex 1 List of participating countries 41 Annex 2 Grouping of trade facilitation measures and correspondence with TFA articles 42 Annex 3 A three-step approach for data collection and validation 43 Annex 4 Definition of each stage of implementation 44</p

Pengaruh Pembiayaan Mudhârabah dan Musyârakah terhadap Pendapatan Bank Syariah

Financing is one of the key factors of the development of the Islamic banking industry. Islamic bank financing should be ideally dominated by the profit-loss agreement, in which the system is run with the profit sharing system. In using regression analysis, correlation, and hypothesis testing, this study aimed to analyze the impact of mudhârabah and musyârakah financing toward revenue in Bank Muamalat Indonesia. The research result showed that the financing of the profit sharing system either partially or simultaneously have a strong and significant influence on Islamic banking income.DOI: 10.15408/aiq.v5i1.255

ANALISIS PERKEMBANGAN AUDIT SYARIAH BERDASARKAN TATA KELOLA SYARIAH (Studi Literature Pada Bank Syariah di Indonesia dan Malaysia Tahun 2010-2023)

This study aims to analyse the development of Islamic auditing based on Islamic governance in Indonesia and Malaysia from 2010-2023. This research uses a descriptive qualitative method with literature studies sourced from journals, books, and official documents. The results show that the development of Islamic auditing in Indonesia and Malaysia is influenced by the implementation of sharia governance. In Malaysia, sharia governance is known as the Sharia Governance Framework (SGF) issued by Bank Negara Malaysia (BNM) in 2010. Whereas in Indonesia, sharia governance is known as Good Corporate Governance (GCG) published by Bank Indonesia (BI). Both countries have different Islamic governance frameworks. In Malaysia, the SGF consists of 4 indicators: Sharia Audit, Sharia Research, Sharia Review, and Sharia Risk Management. Whereas in Indonesia, GCG consists of 2 indicators: Sharia Audit and Sharia Review. Despite the differences in the implementation of sharia audit, both countries continue to strive to improve sharia compliance in Islamic banking

COMPARATIVE PERFORMANCE OF FINANCIAL MEASUREMENT, BUSINESS DEVELOPMENT AND TREND ANALYSIS OF ISLAMIC AND CONVENTIONAL BANKS IN INDONESIA DURING AND AFTER GLOBAL FINANCIAL CRISIS PERIOD OF 2007-2014: A COMPARATIVE ANALYSIS

AbstractThe purpose of this study is to analyze and compare the performance of Islamic and conventional banking in Indonesia during and after global financial crisis period of 2007-2014 and to find out which of the banking stream is performing better than other. For this study, sample of 6 conventional banks and 6 Islamic banks were selected. For in-depth understanding and sound comparison, key performance analysis used in this study includes measure of differences in performance of Islamic and conventional banks in terms of profitability, liquidity, solvency and business development. Eleventh financial ratios were used to gauge profitability, liquidity and solvency. Trend analysis tool is also used to check the trends of balance sheet and income statement. Findings suggest in terms of profitability, during global crisis Islamic banks leads, while after global crisis conventional banks show up. In term of liquidity conventional banking leads Islamic banks during and after global financial crisis, while in solvency maintenance Islamic banking dominates during global crisis and have same performance after global crisis. In business development, Islamic banks more develop than conventional during and after global financial crisis. The trend analysis reveals the good trend of balance sheet of Islamic bank while in income statements there is no meaningful difference. The statistical results indicate that there are statistically significant differences between the two types of banks, as far as liquidity and business development ratios are concerned; however, there are no statistically significant differences in profitability and solvency. Keywords: Financial measurement, Business Development, Trend Analysis, Islamic Banks, Conventional Bank

Analisis Pengaruh Dan Fungsi Bank Syariah Terhadap Pembiayaan Sektor Pertanian Di Indonesia (2014 - 2016)

Indonesia’s agricultural sector deals with limited financial acces. Hence, Islamic banks can play a significant role in providing financial resources for national agricultural development. This research attempts to analyze influence and fungtion Islamic Banking of agricultural financing in Indonesia. It utilizes monthly data of statistics islamic banking from January 2014 until December 2016. It employs OLS (Ordinary Least Squares) as its analytical method. The finding show that bonus of Islamic Bank Indonesia Certificate (SBIS), third party fund, inflation, Non Performing Financing influence agricultural financing significantly. But, interest rate is not affecting agricultural financing. This research suggests the increase in agricultural financing proportion for agriculture should be in accordance with increase in total deposit value. It is also recommends improvement of the human resources competency in agriculture sector as well as strengthening instruments of islamic monetary policy. Keywords : Agriculture Financing, Islamic Bank, Ordinary Least Squares (OLS