Islamic moral economy as the foundation of Islamic finance

Asutay, Mehmet

doi:10.4337/9781781002513.00014

Cited by 64 publications

(56 citation statements)

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“…Islamic banking is included in the company's part that must contribute to the implementation of CSR. This thing is in line with Islamic values, where Islam places great emphasis on social and environmental concerns, individual and entity ethics, and good governance [2,3].…”

Section: Introductionsupporting

confidence: 60%

The Indonesian Experience in Sharia Bank’s Financial Performance Based on Index of Islamic Social Reporting and Sharia Supervisory Board

Hamsyi¹

2021

Proceedings of the First International Conference of Economics, Business &Amp; Entrepreneurship, ICEBE 2020, 1st October 2020,

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Section: Introductionsupporting

confidence: 60%

The Indonesian Experience in Sharia Bank’s Financial Performance Based on Index of Islamic Social Reporting and Sharia Supervisory Board

Hamsyi¹

2021

Proceedings of the First International Conference of Economics, Business &Amp; Entrepreneurship, ICEBE 2020, 1st October 2020,

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“…Islamic banking has three main principles in terms of distribution, that is: trading, profit sharing or investment and leasing (Annisa & Yaya, 2015). There is considerable critism on the practice of Islamic Bank which distribute the most financing through murabahah (trading) model and fee-based income contracts, whereas ideally Islamic banks use profit-based financing, Strengthened by Asutay's opinion (Asutay, 2012).…”

Section: 00%mentioning

confidence: 99%

Macroeconomics And Profit Sharing Financing In Islamic Banking In Indonesia: The Third Parties Fund As Intervening

Hafizh

Hidayah

Silalahi

2020

jakis

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The main problems of Third Parties Fund and profit and loss sharing financing in Islamic banking in Indonesia are influenced by external factors have known as macroeconomics. Third parties funds as an intervening variable are what distinguish research conducted by researchers from previous research. The method used in this study uses the path analysis method with a trimming model. Processing data using IBM SPSS 25 tools. The results of this study indicate Macroeconomics simultaneously affects Third-Parties Funds. Partially, the BI Rate, GDP, and IHSG have an effect on Third Party Funds seen from the probability value 0.000 <0.05, where only inflation does not affect Third-Parties Funds. Meanwhile, the macroeconomy simultaneously influences the profit-sharing where the effect partially shows that inflation, the BI Rate, IHSG and Third-Parties Funds have a significant effect on profit-sharing financing. From the above findings, the macroeconomy indirectly through Third-Parties Funds is better for profit-sharing financing, because the ups and downs of Third Parties Funds significantly affect profit-sharing financing in Islamic banking.

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“…In recent years, Islamic banking has emerged as a potentially alternative ethical method of banking and finance, shaped by the ontological and epistemological sources of Islam. Similar to other religions, Islam has at its heart 'social good', 'good governance', 'environmental concern' and 'ethical individual and organisational behaviour' (Asutay 2007(Asutay , 2012(Asutay , 2013. Therefore, the practice of CSR is, by definition an intended consequence of Islamic ethics because Islam as a religion suggests a proactive and expanded stakeholders' paradigm through enforcing a moral obligation of corporations towards society by substantive morality.…”

Section: Introductionmentioning

confidence: 99%

The Impact of Corporate Social Responsibility Disclosure on Financial Performance: Evidence from the GCC Islamic Banking Sector

et al. 2016

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This paper examines the relationship between corporate social responsibility (CSR) and financial performance for Islamic banks in the Gulf Cooperation Council (GCC) region over the period 2000-2014 by generating CSR-related data through disclosure analysis of the annual reports of the sampled banks. The findings of this study indicate that there is a significant positive relationship between CSR disclosure and the financial performance of Islamic banks in the GCC countries. The results also show a positive relationship between CSR disclosure and the future financial performance of GCC Islamic banks, potentially indicating that current CSR activities carried out by Islamic banks in the GCC could have a long-term impact on their financial performance. Furthermore, despite demonstrating a significant positive relationship between the composite measure of the CSR disclosure index and financial performance, the findings show no statistically significant relationship between the individual dimensions of the CSR disclosure index and the current financial performance measure except for 'mission and vision' and 'products and services'. Similarly, the empirical results detect a positive significant association only between 'mission and vision' dimension and future financial performance of the examined banks.

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Islamic moral economy as the foundation of Islamic finance

Cited by 64 publications

References 0 publications

The Indonesian Experience in Sharia Bank’s Financial Performance Based on Index of Islamic Social Reporting and Sharia Supervisory Board

The Indonesian Experience in Sharia Bank’s Financial Performance Based on Index of Islamic Social Reporting and Sharia Supervisory Board

Macroeconomics And Profit Sharing Financing In Islamic Banking In Indonesia: The Third Parties Fund As Intervening

The Impact of Corporate Social Responsibility Disclosure on Financial Performance: Evidence from the GCC Islamic Banking Sector

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