Similar to conventional microfinance banks institutions, Islamic microfinance banks provide intermediary financial services by receiving funds from investors and other stakeholders and disbursing funds to micro, small and medium-sized entrepreneurs and poor households. Islamic microfinance banks play a significant role in developing countries, especially in Indonesia. However, Islamic microfinance banks have not experienced significant growth and achieved good performance as expected. The paper thus investigates Indonesian Islamic microfinance banks performance in comparison to conventional microfinance banks. The data from the Indonesian Services Authority (OJK) were analyzed from 2012 to 2017. The findings showed that Islamic microfinance banks had performed poorly as compared to conventional microfinance banks. Suggestions for further empirical investigation were made to ascertain the reasons for such poor performance.
This paper reports a review on firms' sustainable practice (SP) using bibliometric analysis approach. The objectives of this review are to discuss on the key research focus of SP literature in developing countries based on highly cited (authors, countries, articles and journals) and to determine the emerging areas of interests. The data is extracted from Scopus indexed database yielding 1,564 documents of which only 414 (26%) cited literatures were from developing countries. The analysis shows that green supply chain management (GSCM) is the main category of research that appears consistently and frequently. The highest contributing countries is China (163 articles), India (93 articles) and Malaysia (40 articles). The highest cited author is Srivastava, S.K. from India (1,350 citation, published in 2007). The most influential researchers are Sarkis, J. (31 publications) and Zhu, Q.
Islamic bank, as an alternative financial institution, is now widely accepted and has been established in various countries. In Indonesia, Islamic bank was first established in 1992 along with the revival of Islam in the country. Previously, the establishment of Islamic bank in Indonesia was hindered not because of economical reason but because of a political stigma associated with Islam especially during the 1970s. The purpose of this article is to explore how the bank makes innovations to increase its performance that makes its legitimacy high on the eyes of its stakeholders. The article also discusses the various regulations and roles of central bank and the Indonesian government in ensuring control and good governance and subsequently into further developing the Islamic and shariah banking system in Indonesia.DOI: 10.15408/ajis.v16i1.2898
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