This paper presents evidence on the role of board governance in influencing financing policy of listed companies in Malaysia. As most of board's studies directed towards understanding the influence of its structure on firm’s performance, this study is intended to measure its relationship
with corporate financial policies in a country with a highly concentrated ownership structure; Malaysia. This study employs board size, board independent and board remuneration as board governance proxy while debt ratio is used to represent financing policy of a firm. It is found that board
remuneration is the only significant board governance variable in explaining financing policy of public listed companies in Malaysia.
Bank Negara Malaysia reports revealed that the Takaful market performance was shown to have contributed significantly to the family Takaful business compared to the general Takaful business, which remained the primary income generator in Malaysia for the Takaful industry. Yet, family Takaful's market penetration rate is still relatively low and does not reach the potential market. It also confirmed that the range of family Takaful participants surrendered their certificates every year. This can be argued that the Takaful industry faces a challenge in maintaining its current family Takaful participants. It is critical for the Takaful industry to focus on participants’ retention by know-how loyalty tendencies. This research aims at providing more information and knowledge on how to manage their loyalty based on its antecedents. Hence the main purpose of this research is to examine the effect of trust, commitment, and satisfaction on participants’ loyalty in family Takaful. This research also aims to examine the mediating role of satisfaction which can help extend the current understanding of loyalty. Quantitative research was put in place to achieve the research objectives. Stratified random sampling and simple random sampling were selected in which the questionnaires were distributed to 400 samples of family Takaful participants in the East Coast of Peninsular Malaysia. The data collected were processed via appropriate computer software such as the Statistical Package for Social Sciences version 22 (SPSS 22.0) and the AMOS program version 22 (AMOS 22.0). These findings contributed to the existing literature as a guide to better understand consumer behavior cycles, particularly in the context of Takaful industry.
This paper investigates the impact of the realized volatility of positive and negative intraday Bitcoin returns on the sensitivity of Shariah-compliant stocks’ orthogonalized returns. We identify the impact in different market states and find that Bitcoin’s upside volatility negatively affects the returns of Islamic equities. The paper contributes to uncovering the properties of a niche Islamic Emerging Asian equity market. The findings offer important implications for investors’ diversification strategies.
The family Takaful sector has evolved into an important part of Malaysia's broader Shariahcompliant financial system. However, the market penetration for family Takaful lags behind that of the conventional life insurance, presenting significant business opportunities. This issue, as well as the question of what factors can encourage people to join the family Takaful, must be addressed and investigated. Hence, this paper aims to propose a conceptual framework to study the relationship between innovation attributes and loyalty in family Takaful from the perspective of customers in Malaysia. Trust was added in this research to function as the mediating variable. Apparently, the framework suggests that innovation attributes has positively affected the loyalty in family Takaful. Considering trust as a catalyst in the relationship, its mediating effect will be investigated. From the review of the literature, hypotheses were developed to suggest the relationship between the innovation attributes, trust, and loyalty by choosing the family Takaful customers in Malaysia as the research sample. The findings of this research are expected to provide new ideas for the representative such as Takaful operators and marketing managers from the Takaful industry to increase loyalty through an appealing package of innovation attributes in designing better family Takaful products and services.
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