Issues in Management and Their Remedies in Islamic Perspective

Islam is a complete code of life; it guides us in every field weather politics, trade, business, education, science etc. It has been proved that foundations of many management concepts were laid by Islamic scholars. But still the modern organizations are following management principles of west. There is a dire need to spread the true Islamic teaching in an un-biased, moderate and practical manner that advocates the preaching of Islam and displays the real picture of the said religion with true colors.  This study is an attempt to find remedies of some of the management issues (diversity, ethics and globalization) in Islamic perspective. Some verses of Holy Quran (English Version), sayings of Holly Prophet (PBUH) and journals on management issues have been taken into consideration to prepare this paper. This information will be useful for Muslim managers who wish to solve their managerial problems in efficient and effective way using Islamic guidelines. Keywords: Management Issues, Islamic Perspective, Diversit

Impact of the Brand Image on Purchase Intentions in Islamic Banks, A Moderating and Mediating Effect Study

The customers of Islamic banking sector are very conscious to operate the brand in Pakistan. That is rudimentary for directors to make a decent brand image of Islamic banks through the promoting procedures and obtain competitor edge. This research additionally shows that customer attitude enhances the relationship of brand image and purchase intentions towards Islamic banks.  The purport of current research was to investigate the intention of the customer to Islamic banking. The study is conducted on the Islamic banking sector of Pakistan. The examination offers a chance to optically discern whether the brand image is behind customer's cull of Islamic banks when religiosity influences the customer's attitude regarding purchase intentions. current investigation will be subsidiary to examine the customer's reaction cognate the purchases and will be gainful for Islamic banking sector to keep up their positive and diverse brand image when contrasted with the conventional bank in the psyche of the customers. Likewise will virtually certainly realize that how religious convictions transmute the customer’s attitudes regarding purchase intentions.  Develop a questionnaire for data amassment. 230 respondents are culled as a sample from southern Punjab. Those are the customer of Islamic banks. Brand image have paramount impact on customer attitude (mediate variable) and purchase intentions (dependent variable). Religiosity mitigates the relationship of brand image (independent variable) and customer attitude (mediate variable). Customer attitude is withal act as a good mediator between dependent and independent variable. Through current investigation, Islamic banking sector ascendant entities make methodologies and make a decent image as a primary concern of their customer. In Pakistan, the Islamic banks have no much famous. Since individuals have very little comprehended the fundamental targets of Islamic banks and furthermore they have not cognizance about the distinction of Islamic banks and conventional banks. Keywords: Brand image, Customer attitude, Purchase intentions, Religiosity, Islamic banks DOI: 10.7176/EJBM/13-9-01 Publication date:May 31st 202

Mudarabah- A New Paradigm for Corporate Governance

It is increasingly believed that the shareholders have lost control over their wealth in the hands of management. As a consequent there is a need for an effective and efficient monitoring environment which can be materialized through active and effective participation of shareholders in policy making and major decision making. In this background, the purpose of this paper is to search for a new form of business organization in which the rights of all the stake holders are secured. “Mudarabah” is a basic mode of Islamic finance in which one party rabb-ul-mal (owner) provide capital to the mudarib (manager) to run business within a given paradigm. Here we are focusing on the point that how this concept can be applied in the context of corporate governance issues. Through applying this concept, much debating issue of activism of share holders can be addressed to a great extent. In addition the concept of limited liability can also be refined. As per teaching of Islam even the death of debtors can not write off the right of repayment of debt to the creditors. It may emerge into a new paradigm of corporate governance as the concept may leads to a major shift in principal-agent relationship. The concept can be successfully implemented either to structurally change the corporate form of business organization or make the way for a new form of business organization. However, there would be a need to form a global body to oversee and implement the recommendations. It will also require extensive legislation by the countries. Keywords: Corporate Governance, Mudarabah Board, Paradig

Extended Value-Added Intellectual Coefficient and Financial Reporting Quality: Moderating Role of Global Financial Crisis

Besides traditional approaches, this study aimed to construct and validate the new model of intellectual capital and financial reporting quality and created a deeper and better understanding through the use of rigorous secondary data. It adopted new formula of intellectual capital instead of traditional primary measures and explored the role of financial reporting quality in financial success of firms. Study is helpful for decision makers, especially from the manufacturing sector, to mould their practices accordingly and they will also realize the importance of high financial reporting quality. The study used Three-stage least squares regression analysis to investigate the relationship between variables. Extended Value-Added Intellectual Coefficient method is used to measure intellectual capital and discretionary revenues method is used to measure financial reporting quality. Panel data was collected from 50 firms, included in fortune global 500 companies list from 2007 to 2017. Findings disclosed that intellectual capital and process capital has a significant impact on financial performance. Human capital and relational capital negatively influence however, innovation capital and financial reporting quality positively influence financial performance. Global Financial Crisis positively moderates the effect of intellectual capital on financial performance but it doesn’t moderate the effect of financial reporting quality on financial performance. Keywords: Financial Reporting Quality, Intellectual Capital, Global Financial Crisis, Financial Performance, Three-stage least squares regression DOI: 10.7176/RJFA/10-10-12 Publication date:May 31st 2019

Declining Employee Engagement & Employee Performance: The Noxious Effects of Workplace Bullying

The rationale of this research study is to inspect about variations in employee performance and employee engagement in Pakistani context brought about by the workplace bullying. Another objective is to produce comprehensive empirical evidence of bullying in the specific Pakistani context. The purpose of paper is to examine whether emotional exhaustion plays a mediating role between workplace bullying, employee performance and employee engagement. Even most of the organizations are unaware about this critical issue to curtail down its effect. A cross-sectional design is used in the research study, which focuses on emotional exhaustion that serves as a mediator between workplace bullying and employee performance and employee engagement. The paper is based upon cross-sectional and self-reported survey research design. Furthermore longitudinal research design is recommended for future investigation of the relationships among these constructs. Consolidated policies must be sought by the management to combat with the vicious prevalence of workplace bullying. This will not only encourage the conducive work environment but also ensure positive work climate among employees

USE OF AGILE METHODOLOGIES IN DIGITAL TRANSFORMATION BARRIERS

Abstract We are living in a global world and this feeling of living globally connected digitalization has brought this concept clearer to every member of society. The rapid increase in technological advancement & innovation with increasing use of digital tools, like wise internet, social media and IOT compel organisational top manager to revise their business model from traditional to digital business model. To remain competitive globally, leaders start thinking on this new paradigm shift so that they can survive in global market with competitive edge by providing best value proposition to its stakeholders. Future lies in digitalization; therefore, the only option is the adoption of technological advancement, that’s going for digital transformation. The process of digital transformation is not so easy, rather most of the organization are facing different challenges while implementing technological change. Earlier literature has highlighted barriers and challenges could be addressed with the help of agile methodologies. Our study therefore mainly focuses to find out those key factors that considered as or challenges in the process of digital transformation by using agile methodologies. This study aims to collect information from the real world regarding the barriers to agile digital transformation and discuss them how these key barriers in digital transformation could be resolve while using agile methodologies. The finding of this thesis is based on information collected during interviews by using qualitative approach. The list of most critical barriers was categorized and discussed in detail with their respective theory and Kotter´s model for change management. Based on the results this thesis can conclude that agile methodologies provide a better tool for the implementation of digital transformation in an organisation

Health Literacy of University Students in Covid-19 Pandemic and Infodemic: A Pakistani Perspective

This research investigated the levels of health literacy among Pakistani university students in the Covid-19 pandemic and infodemic. The university students were surveyed using an online questionnaire at two public sector universities and one private sector university in Punjab-Pakistan. The administration of the data collection instrument was completed with permission from concerned authorities. A total of 374 responses received which were imported to SPSS and analyzed by applying descriptive as well as inferential statistics. The results revealed that the health literacy of university students in the Covid-19 pandemic and infodemic was not at an optimal level as these participants expressed difficulty for half of the items of the health literacy scale. A large majority of these students had health literacy from low to moderate levels. Besides, the students\u27 age, sex, study program, and Covid-19 testing did not appear to predict their health literacy. However, the geographical background of these students predicted their health literacy indicating that urban had students had higher literacy as compared to rural students. The results of this study indicated the need for health education and promotion among the general public in Pakistan especially university students as they serve as a change agent for people around them. The program for health literacy related to Covid-19 would be a great step to respond proactively to the pandemic and infodemic situation. Hoping, these results would be helpful for not only policymakers, healthcare providers, health information professionals especially engaged in health promotion but also for library staff to play their role in the health emergency related to Covid-19. This study would be a worthy contribution to the existing research on health literacy as a limited amount of research appeared from developing countries like Pakistan

Resource and Heterogeneity-aware Clients Eligibility Protocol in Federated Learning

Federated Learning (FL) is a new paradigm of Machine Learning (ML) that enables on-device computation via decentralized data training. However, traditional FL algorithms impose strict requirements on the clients\u27 selection and its ratio. Moreover, the data training becomes inefficient when the client\u27s computational resources are limited. Towards this goal, we aim to extend FL, a decentralized learning framework that efficiently works with heterogeneous clients in practical industrial scenarios. To this end, we propose a Clients\u27 Eligibility Protocol (CEP), a resource-aware FL solution, for a heterogeneous environment. To this end, we use a Trusted Authority (TA) between the clients and the cloud server, which calculates the client\u27s eligibility score based on local computing resources such as bandwidth, memory, and battery life and selects the most resourceful clients for training. If a client gives a slow response or infuses an incorrect model, the TA declares that the client is ineligible for future training. Besides, the proposed CEP leverages the asynchronous FL model, which avoids a long delay in a client\u27s response. The empirical results proves that the proposed CEP gains the benefits of resource-aware clients selection and achieves 88 % and 93 % of accuracy on AlexNet and LeNet, respectively