The Influence Of Financing And Third Party Funds (Dpk) Towards Roa Of Islamic Rural Banks (Bprs) In Sumatera Barat

This research aims to investigate the influence of financing and Third Party Funds (DPK) towards the Return on Assets (ROA) of Islamic Rural Banks (BPRS) in West Sumatera. This field research is a quantitative study with seven PT BPRS in West Sumatera as the object of the research. This research uses secondary data in the form of panel data which combined cross section and time series data. The panel data are quarterly financial statements from 2016 to 2018 which are recorded in Financial Service Authority (OJK). The result of this research shows financing and third party funds (DPK) influence ROA in the amount of 59,65% simultaneously. The rest of it are influenced by other factors that are not investigated. Partially, financing is the only subject that has influence toward ROA. Meanwhile, third party funds had no significant influence towards ROA of seven BPRS in West Sumatera. This case is interesting to be researched since quantitative data reflects fluctuation based on financing from 2016 until 2018 while DPK tend to increase. However, financing is the only subject that has significant influence towards ROA

The Relationship between Audit Committee Characteristics and Earnings Management among Jordanian Listed Companies: Proposing Conceptual Framework

In a capital market where financial reports are a key feature of communication with respect to public firms’ performance and financial position, as is well known, one of the objectives of a company’s corporate governance system is to ensure the quality of that company’s financial reporting. Accounting earnings are more reliable and of higher quality when managers’ opportunistic behavior is reduced using monitoring systems. One specific area of concern is the monitoring function of the audit committee on earnings management. This paper proposes a conceptual framework that investigates the role of audit committee characteristics (independence, size, activity, and financial expertise) on earnings management using a sample of all industrial companies listed on the Amman Stock Exchange (ASE). Evidence from prior studies suggested that audit committee takes over the board function to oversee the firm’s financial reporting process. The audit committee’s role vital in monitoring the company’s operation and internal control system with the aim of protecting the interest of the shareholders. In regards to earnings management, this paper views earnings management as opportunistic earnings. The current study argues that the firms with effective characteristics of audit committee are less likely to allow earnings management because opportunistic earning's cause uncertainty about the economic value of a firm. Keywords: Audit committee characteristics, earnings management, financial reporting quality, Jordan

Takaful Scheme for Mental Health Disorders: A Systematic Literature Review

Wealth management involved cycles which are wealth creation, wealth protection, wealth distribution, wealth purification, and wealth accumulation that must in line with the financial objectives of the individual through their life. The current study is focused on the wealth protection element which a takaful scheme for mental health disorders. However, little was known about it. Thus, the objective of this systematic review was to synthesize findings of trend and population-based studies on takaful scheme for mental health disorders. The aim was to presents an extensive systematic review of takaful schemes for mental health disorders. A systematic review was identified using electronic database searches (Google, PubMed, and Scopus), previous reviews and reference lists to identify articles published between 2010 and 2020. Narrative synthesis and systematic review were performed and reported according to the preferred reporting items statement. The current evidence showed there is less study on takaful schemes for mental health disorders in the period 2010 to 2020. The two main contributions of this paper are its use of a readily-available and powerful new instrument, and its use of extremely large data which gives us the power to takaful scheme for mental health disorders for disaggregated health care services. More good quality of systematic literature with comparable assessment tools is needed

Low insertion loss of surface mount device low pass filter at 700 MHz

The paper involved with the design, simulation and fabrication of 6th order elliptical-based Surface Mount Device (SMD) LPF with cutoff frequency at 700 MHz. Fabricated LPF is consisted of four PCB layers which components of SMD are soldered on the top layer. Another three layers is for grounding and shielding, power supply and grounding void. The four layers is crucial to avoid interference between components. The research has find out that the momentum simulation is definitely required to improve the signals response compared to a normal simulation by ADS software. The comparison between momentum simulated versus measured and normal simulated versus measured is 0.2 dB and 29 dB correspondingly. Such huge difference leads to conclusion that momentum simulation is saving time without having much struggles and efforts to get optimum readings. The Proposed SMD LPF has a very low insertion loss of 0.965dB with a transition region of 195 MHz which is good steepness to avoid any image frequency

Investigating the Early Implementation of MFRS136 Disclosure among Top 50 Firms in Malaysia

The highly prescriptive and technical provisions of MFRS 136 – Impairment of Assets represent a very considerable variation from past practices. This in turn gives increase to questions about the span to which Malaysian businesses and their auditors have fared during the method of transition to a convoluted new reporting regime. Malaysia through Malaysian Accounting Standards Board (MASB) made the requirements of the MFRS 136 - Impairment of Assets mandatory progressively since 1 January 2006 for some or all listed firms in Malaysia. Since then, Malaysian companies are required to comply with the standard. The purpose of this paper is to investigate the compliance level of approved companies on the Bursa Malaysia main market towards the disclosure requirement of MFRS 136 - Impairment of Assets. This study also aims to identifying some factors associated with the level of compliance. The unweighted index was established by constructing the index checklist. The checklist was based on the requirement of disclosure of MFRS 136 (amended in 2009) and the annual reports of 50 sampled firms from 2010 to 2012 were examined. Then, we establish dependent variables and construct econometrical model to test the hypothesis in the research using Estimated Generalized Least Squares (EGLS) weights regression using cross-section weights. The result shows that 28 firms (56%), 27 firms (54%) and 24 firms (48%) out of 50 firms in 2010, 2011 and 2012 respectively failed to comply with requirement of FRS 136 pertaining to goodwill impairment testing. This study suggests that the performance of the top 50 listed companies must improve before Malaysian practice can attain a truly international standard. This study also found that firm size, profitability and auditor type are associated with the extent of compliance with MFRS 136. However, only firm size and profitability were positively associated with the level of compliance meanwhile auditor type were negatively associated with the level of compliance. This indicates that bigger firm and more profitable firms in Malaysia were more motivated to exhibit greater transparency of MFRS 136. Keywords: Goodwill Impairment, Disclosure Practices, MFRS 136, Unweighted Index, Malaysia

Empirical Analysis for Stock Price Prediction Using NARX Model with Exogenous Technical Indicators

The file attached to this record is the Publisher's final version. Open access article.Stock price prediction is one of the major challenges for investors who participate in the stock markets. Therefore, different methods have been explored by practitioners and academicians to predict stock price movement. Artificial intelligence models are one of the methods that attracted many researchers in the field of financial prediction in the stock market. This study investigates the prediction of the daily stock prices for Commerce International Merchant Bankers (CIMB) using technical indicators in a NARX neural network model. The methodology employs comprehensive parameter trails for different combinations of input variables and different neural network designs. The study seeks to investigate the optimal artificial neural networks (ANN) parameters and settings that enhance the performance of the NARX model. Therefore, extensive parameter trails were studied for various combinations of input variables and NARX neural network configurations. The proposed model is further enhanced by preprocessing and optimising the NARX model’s input and output parameters. The prediction performance is assessed based on the mean squared error (MSE), R-squared, and hit rate. The performance of the proposed model is compared with other models, and it is shown that the utilisation of technical indicators with the NARX neural network improves the accuracy of one-step-ahead prediction for CIMB stock in Malaysia. The performance of the proposed model is further improved by optimising the input data and neural network parameters. The improved prediction of stock prices could help investors increase their returns from investment in stock markets

Takaful protection for mental health illness from the perspective of Maqasid Shariah: A critical analysis / Khairil Faizal Khairi...[et al.]

Mental health illness becomes one of the major illness in Malaysia aside from heart disease. Recently reported that 29.2% of Malaysian suffering from mental health illness which increases threefold from the previous year. Majority of the Malaysian suffering from mental health illness comes from the lowest income group. This shows that the lowest income group have less opportunity to seek treatment due to the cost. Even though other countries have started to offer mental health insurance such as United State of America, United Kingdom, Australia and recently Singapore, Malaysia is still way behind in offering coverage for mental health illness. Therefore the objective of this paper is to analyse mental health takaful from the perspective of Maqasid shariah. This paper uses a qualitative approach by analysing the related document and past literature. The result from this study shows that mental health takaful is able to meet the requirement of Maqasid shariah and preserve the benefits of, and prevent harm to, human wellbeing. Furthermore this study will provide an insight to the takaful industry for developing a new products that could help mental health disorder patient

An analysis of regulation and governance for funeral social fund in Malaysia

The funeral expense is becoming expensive. It will lead to funeral poverty whereby the next of kin of the deceased face difficulty paying funeral expenses. Increasing numbers of people seek financial management advice following bereavement, which can have a long-term effect on the grief experience and an individual's ability to manage. More should be done to encourage people on low incomes to prepare for death through simple advice and guidance. In Malaysia, a funeral social fund such as the Khairat death fund, in general, is financial assistance that is a grant to the family of the deceased for covering the cost and expenses of funeral processes. Khairat death fund was managed by community members or organizations in the areas. However, all this Khairat death organization moving with their own way as there is no legal jurisprudence as guidance to regulate and to be more systematic and synchronize management. Hence, this study will review regulation and governance for the funeral social fund in Malaysia

Frs 36 : an analysis of the compliance level and disclosure quality of Singaporean listed firms

The issue of goodwill has been a topic of intense debate. In response to growing concerns voiced around the issue, new standards which provide firms the unique opportunity to provide more transparent financial disclosures by reporting goodwill impairments when viewed by financial reporting users are required. The reporting framework in Singapore that deals with the disclosure of goodwill accounting treatment is prescribed under FRS 36 Impairment of Assets. To gain a better understanding of the characteristics of the goodwill reporting regime, developing an understanding of the level of compliance and quality disclosures related to determining the recoverable amount of the CGUs are matters of prime significance. The sample of this study consists of 192 Singaporean listed companies in the Singapore Stock Exchange (SGX) Mainboard for the first year after their transition to FRS. The results indicate that the rate of compliance with the provisions of FRS 36 and disclosure quality were very poor and failed to reach the expectations of standard setting bodies. The outcomes of this analysis also suggest that there is a high degree of complexity in relation to the conceptualisation, measurement and reporting of goodwill faced by reporting entities in Singaporean Mainboard firms.25 page(s