Independence and Financial Knowledge on Audit Committee with Non-compliance of Financial Disclosure: A Study of Listed Companies Issued with Public Reprimand in Malaysia

AbstractThis paper aims to describe the public reprimand issued by Bursa Malaysia to PLCs pertaining to financial related information. It was found that public reprimand were sanctioned for non-compliance of the requirements related to continuing disclosure with amounted to 145 breaches for year 2009 until 2013. It was also discovered that most of the companies sanctioned for public reprimand had complied with the minimum requirements for the independence and financial knowledge on audit committee. This study is a cross-sectional content analysis and consists of firms that had been reprimanded by Bursa Malaysia for non-compliance with the listing requirements

The Implication, Current View and Approach in Facing Covid-19 Pandemic among Resort Entrepreneurs in Pangkor: A pilot study

The business resort owner is one of the groups hugely impacted by the Covid-19 pandemic. This article aims to determine the pandemic's implications for business resort owners and whether they have taken any new strategies or changes for the survival of their business. A total of seven business resort owners in Pulau Pangkor have been interviewed via focus group discussion as a pilot study. The paper also aims to discover their current view and approach to facing the pandemic to ensure their survival in business. Keywords: Covid-19, business resort owner, business, strategy eISSN: 2398-4287 © 2022. The Authors. Published for AMER ABRA CE-Bs by E-International Publishing House, Ltd., UK. This is an open-access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer-review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians/Africans/Arabians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia. DOI: https://doi.org/10.21834/ebpj.v7i20.362

Company Strategies on Social Well-being during COVID-19 Pandemic: A systematic literature review

In the competitive world of business, companies need to always be prepared in facing external threats that could put their sustainability in danger. The most recent crisis that had put businesses in a threat is the emergence of Covid-19 pandemic on December 2019. The purpose of the systematic review is to analyse the measures or strategies adopted by companies in order to cope with Covid-19 crisis. Based on the review conducted, several recommendations are highlighted to ensure in the future, company are more ready to face any crises beforehand. Keywords: Businesses; Strategies; Covid-19; Sustainability eISSN: 2398-4287 © 2022. The Authors. Published for AMER ABRA cE-Bs by e-International Publishing House, Ltd., UK. This is an open access article under the CC BYNC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/). Peer–review under responsibility of AMER (Association of Malaysian Environment-Behaviour Researchers), ABRA (Association of Behavioural Researchers on Asians/Africans/Arabians) and cE-Bs (Centre for Environment-Behaviour Studies), Faculty of Architecture, Planning & Surveying, Universiti Teknologi MARA, Malaysia. DOI: https://doi.org/10.21834/ebpj.v7i20.334

Using the Theory of Planned Behavior and Religion to Assess Customers Behavioral Intention to Adopt Islamic Banking Services in Malaysia

Malaysia is a multi-racial country with a highly variegated ethnic mix. The ethnic groups of Malaysia consist mainly of the Malay community, the Chinese community, and the Indian community. This identity contributes to the different perception and acceptance of the Islamic banking system among its citizens. Due to that, the market share of the banking industry in Malaysia is dominated by conventional banking. The latest statistic registered an increase in the total deposit in 2017 and 2018 by 10.3%, amounting to RM640 billion, representing 33.4% of the banking system's total deposits. Notably, 66.6% of the total deposits contributed by the conventional banking system, actively leading the industry, while Islamic banking has taken the backseat, which may not augur well for the future of Islamic banking. The quest to attract customers is a significant challenge for Islamic banking in Malaysia. This study aims to determine Malaysian customers' behavioral intention to adopt Islamic banking services and determine whether religion affects customers' behavioral intention to adopt Islamic banking services in Malaysia. To achieve this, an exAnanned Behavior (TPB) model was tested in this study. The hypothesized path to achieve this in the structural model influencing an individual's intention to adopt Islamic banking and financial services were positive attitude, positive subjective norms, perceived behavioral control and behavioral religion variable on Islamic banking selection among customers. A set of questionnaires was distributed and answered by 149 working respondents. The data were analyzed using IBM SPSS Statistics Version 20. This study showed that attitude and religion demonstrate a significant positive relationship with behavioral intention to adopt Islamic banking services in Malaysia. This reflects that attitude and religion are the most influential factors in selecting Islam selecting customers in Malaysia. The study also showed that attitude is the most significant factor in influencing customers' behavioral intentio

The proposed new integrated of performance measurements (M score) for Islamic banks

The aim of this study is to conceptually analyze and develop Islamic economic performance measurement indicators (M Score) for Islamic banks. In developing the indicators, the study has developed and adapted the performance measurement indicators based on the well-established Islamic economic objectives by selected scholars. The main argument of this study is that Islamic banks’ performance should be measured using unique and specific objective indicators that will reflect their Islamic economic objectives. Hence, it is of vital importance to translate the normative Islamic economic objectives that require broader and more societal approach of measurement rather than focusing on the narrow financial measurement of conventional finance. This study is conducted to validate and test the level of acceptability of M Score for Islamic banks. The M Score is very useful to be tested for future empirical studies

Financial Literacy and Retirement Planning Behaviour Among Working Single Women in Private Sector

A lack of financial knowledge causes many to make poor financial decisions, which may result in irrational financial choices and jeopardize their retirement plans. Studies have shown that one in three Malaysians consider themselves to have "low financial knowledge." Furthermore, one in ten people believe that they are financially undisciplined.  Studies have shown that 35 percent of men are more financially literate compared to 30 percent of women globally. With the increment level of financial literacy among women, it will be able to minimize the socio-economic gap and inequality that still exists and in addition to achieve the sustainable development goal 2030. This article aims to explore the causes of financial literacy towards retirement planning behaviour among working single women, using theory of planned behavior and OECD’s elements of financial literacy as a bases of discussion. This study applied a qualitative approach through 5 interview sessions with working single women. Data were collected through semi-structured interviews and were then interpreted using thematic analysis. The findings of this study revealed that the elements of financial future, debt free motivation, financial shocks and financial socialization agent describe the causes that contributed to the financial literacy behavior towards retirement planning among working single women

Al-Wisayyah in The Islamic Estate Planning: The Malaysian Perspective

The considerable increase in the amount of unclaimed inheritance or the value of the deceased's frozen assets over time is a contentious topic among the Muslim community of Malaysia, and it must be emphasised. It is likely that the impression and misunderstanding of the Muslim community regarding the planning, management, and administration of the deceased's property, particularly regarding the appointment of property administrators through the Islamic concept of al-wiṣāyah, has contributed to the neglect of this topic. This study therefore, aimed at analysing the practice of al-wiṣāyah in Malaysia and the impediments in implementing it as an alternative to Muslim estate planning. Adopting the qualitative approach of document review, systematic collection, documentation, analysis and interpretation, and organization of primary and secondary data was conducted. The data was then subjected to content analysis in organizing and eliciting meaning from the data collected and to draw realistic conclusions from it. It is hoped that this study is able to shed light on the concept of al-wiṣāyah in Malaysia, subsequently providing a clear insight and the extent to which its application in Malaysia conforms to the al-maqāṣid al-syar 'iyyah for the good of Muslims. This study also presents recommendations to the Muslim community pertaining the importance of al-wiṣāyah in the present day, where Islamic law is beginning to experience an era of codification that, to some extent, will cause difficulties in the management and administration of the deceased's property

The Effectiveness Dimension of Training Initiatives on the Competitiveness and Sustainability of Micro-Asnaf Entrepreneurs.

The aim of this research study is to assess the effectiveness of training initiatives on the competitiveness and sustainability of Asnaf Micro-entrepreneurs (UMA). Asnaf Micro-entrepreneurs represent a vulnerable group that requires support and intervention to enhance their capabilities and entrepreneurial competitiveness. This study employs a quantitative research approach and collects data from a sample of n = 308 UMA participants who have undergone various training programmes. The Partial Least Squares Structural Equation Modelling (PLS-SEM) technique is used to analyse the data. The research findings reveal a significant positive relationship between different dimensions of training and the competitiveness of UMAs. Firstly, knowledge and skill development shows a significant positive effect on UMAs competitiveness, emphasising the importance of equipping UMAs with the necessary knowledge and expertise. Secondly, mindset and attitude formation is found to significantly influence UMA competitiveness, highlighting the role of fostering a growth-oriented mindset and a positive attitude in entrepreneurial success. Thirdly, networking initiatives and collaboration is proven to have a significant positive relationship with UMA competitiveness, highlighting the importance of nurturing networks, partnerships, and collaboration opportunities. Fourthly, access to resources and support demonstrates a significant positive effect on UMA competitiveness, emphasising the importance of providing UMA with adequate resources and support mechanisms