Interrelationship between Zakat, Islamic bank and the economy

Choudhury, Masudul Alam; Harahap, Sofyan Syafri

doi:10.1108/03074350810890967

Cited by 35 publications

(45 citation statements)

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“…Future studies may develop multiple variable circular causation interrelations (fully endogenous inter-variable relationship) model to gain more analytical and institutional implications. Previous studies (e.g., (Choudhury, 2011(Choudhury, , 2014Choudhury et al, 2011Choudhury et al, , 2014Choudhury and Syafri Harahap, 2008) argue that analytical and institutional implications would be conveyed by the estimated coefficients of circular causation interrelations. Such causation interrelationships strongly enhanced the interaction, integration and evolutionary learning and highlight the nature of the present interrelations among the intercausal variables (Choudhury, 2011(Choudhury, , 2014Choudhury and Syafri Harahap, 2008).…”

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confidence: 98%

Auditors’ ethical reasoning in developing countries: the case of Egypt

Abdelhak¹,

Elamer²,

AlHares³

et al. 2019

IJOES

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Purpose The purpose of this study is to investigate Egyptian auditors’ ethical reasoning, to understand whether auditors’ ethical reasoning is influenced by audit firm size and/or auditor’s position. Design/methodology/approach This paper draws on 178 questionnaires that include six different ethical scenarios. This paper also uses the accounting ethical dilemma instrument that is developed by Thorne (2000) to measure the ethical reasoning of Egyptian auditors. Findings The findings are threefold. First, this study finds that the general level of deliberative ethical reasoning of auditors working in the Central Auditing Organization (CAO) and small firms are categorized in the post-conventional level, while auditors working in big and medium firms are categorized in conventional level. Second, the result suggests that there is a negative relationship between ethical reasoning and audit firm size in Egypt. Finally, the results show that ethical reasoning levels decrease when the position of auditors increase except for auditors working in CAO. Originality/value This study adds to the scarce literature in developing countries that measure auditors’ ethical reasoning. The findings suggest that auditors’ ethical reasoning depends on auditor’s firm size and the position the auditor holds within the firm. These findings will aid policymakers and regulators, especially in developing countries, to avoid any potential risk regarding professional misconduct and in evaluating the adequacy of the current code of ethics.

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confidence: 98%

Auditors’ ethical reasoning in developing countries: the case of Egypt

Abdelhak¹,

Elamer²,

AlHares³

et al. 2019

IJOES

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“…ROE ratio can be calculated by the following formula (Bank Indonesia, Firm size is a scale, which can classify the size of the company in various ways, including: total assets, long size, stock market value etc.. Firm size can be calculated by the following formula (Ratnasari, 2016):Firm Size = Ln Total AssetZakat is imposed on the wealth and value of assets in Islamic banks with shareholder consensus. Thus, Zakat is mobilized through Islamic banks in the appropriate project syariat in the economy to produce Gross Domestic Product (GDP) related to projects and related sectors(Choudhury & Harahap, 2008).…”

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confidence: 99%

Factors Influencing Corporate Zakat Expenditure (Case Study of Islamic Banks in Indonesia Period 2015-2017)

Utari¹,

Monoarfa²,

Ninglasari³

2019

KSS

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This study aims to see an overview of the rate of Return on Assets (ROA), Return on Equity (ROE) and Firm Size and its influence on corporate zakat in Islamic Banks in Indonesia period 2015-2017. The method used in this research is causality method with quantitative approach. The population of this study is Islamic Banks registered in Bank Indonesia (BI) with a total sample of five Islamic Banks during three year period. The data was analyzed using panel data regression. The dependent variable used in this study is the corporate zakat expenditure. Furthermore, the independent variables are Return on Assets (ROA), Return on Equity (ROE) and Firm Size. The results indicated that corporate zakat expenditure on Islamic Banks has increased every year, while ROA and ROE has fluctuating growth. ROA tends to icrease, but ROE tends to decrease. Based on the t-test results show that ROA does not have effect on the corporate zakat expenditure while ROE and Firm Size have a positive and significant effect on corporate zakat expenditure. Thus it can be concluded that when ROA increases, it does not affect the corporate zakat and when ROE and firm size increases, it will increase the corporate zakat on Islamic Banks.

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“…Such a configuration can be read out in an input-output table as shown in Expression 7 (Choudhury and Harahap 2008). The mathematical properties of "learning" equilibrium of the system underlying the input-output table-that is, Expression 6-can be studied in terms of the positive-definite properties of the I-O coefficient matrix of "learning" A's (Hicks 1968).…”

Section: Expressionmentioning

confidence: 99%

A Critique of Economic Theory and Modeling: A Meta-epistemological General-system Model of Islamic Economics

Choudhury

2011

Social Epistemology

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The scientific methodology underlying model-building is critically investigated. The modeling views of Popper and Samuelson and their prototypes are critically examined in the light of the theme of the moral law of unity of knowledge and unity of the worldsystem configured by the meta-epistemology of organic unity of knowledge. Upon such critical examination of received methodology of model-building in economics, the extended perspective-namely of integrating the moral law derived from the divine roots as the meta-epistemology-is rigorously studied. The example of the Islamic prerogative in interpreting the holistic world-system through model-building in economics is highlighted. A religio-philosophical approach is adopted to exemplify some approaches in Islamic model-building. An especial focus is placed here on grassroots types of financing and activities. The critique of these models within the existing Islamic scholarship is carried out. The result is new dimensions of macroeconomic analysis that emanate in a logical way from the meta-epistemological approach, and oppose the mainstream ideas, both in received and Islamic economic thinking as of now.

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Interrelationship between Zakat, Islamic bank and the economy

Cited by 35 publications

References 0 publications

Auditors’ ethical reasoning in developing countries: the case of Egypt

Auditors’ ethical reasoning in developing countries: the case of Egypt

Factors Influencing Corporate Zakat Expenditure (Case Study of Islamic Banks in Indonesia Period 2015-2017)

A Critique of Economic Theory and Modeling: A Meta-epistemological General-system Model of Islamic Economics

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