Perceptions on the accessibility of Islamic banking in the UK—Challenges, opportunities and divergence in opinion

Riaz, Umair; Burton, Bruce; Monk, Lissa

doi:10.1016/j.accfor.2017.10.002

Cited by 17 publications

(19 citation statements)

References 78 publications

(63 reference statements)

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“…Islamic governance/(SSB) seeks to ensure that all practices and activities of banks (e.g. products, instruments, operations, practices, and management) are in compliance with Sharia principles and rules at all times, especially with respect to RIBA (interest) and speculative behaviour (Farook et al, 2011;Kamla & Alsoufi, 2015;Riaz, Burton, & Monk, 2017;Safieddine, 2009). Theoretically, the unique problems faced by Islamic financial institutions like "Mudarabah" (profit-sharing) can increase adverse selection and moral hazard problems.…”

Section: Islamic Governance/ssb and Risk Disclosurementioning

confidence: 99%

The impact of multi-layer governance on bank risk disclosure in emerging markets: the case of Middle East and North Africa

et al. 2019

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This study examines the impact of multi-layer governance mechanisms on the level of bank risk disclosure. Using a large dataset from 14 Middle East and North Africa (MENA) countries over a period of 8 years, our findings are threefold. First, our results suggest that the presence of a Sharia supervisory board is positively associated with the level of risk disclosure. Second and at the bank-level, we find that ownership structures have a positive effect on the level of risk disclosure. At the country-level, our evidence suggests that control of corruption has a positive effect on the level of bank risk disclosure. Our study is, therefore, a major departure from much of the existing accounting literature that offers new crucial insights that show that firms' disclosure choices are not mainly shaped by firm-level (internal) governance arrangements, but also country-level (external) governance and religious factors. Our findings have important implications for corporate boards, investors, regulatory authorities, standards-setters and governments relating to the development, implementation and enforcement of corporate and national governance standards.

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Section: Islamic Governance/ssb and Risk Disclosurementioning

confidence: 99%

The impact of multi-layer governance on bank risk disclosure in emerging markets: the case of Middle East and North Africa

et al. 2019

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“…These products and services have clear and fixed costs and profit systems. Secondly, there is also a problem with the specific implementation of Islamic banking principles [15]. The inefficient and ineffective knowledge sharing concerning the rules of Islamic banking, procedures and practices between the employees and the customers raise problematic concerns in Pakistan.…”

Section: Problem Statementmentioning

confidence: 99%

“…In the past few decades, the literature provides evidence that the Islamic bank industry is growing, both in Islamic and non-Islamic sectors [24]. The growth of the Pakistani Islamic bank industry has been impressive over the last two decades [10,15]. Islamic banks follow Islamic principles, procedures, and rules (Sharia'h) in their transactions [25,26].…”

Section: The Linkage Of Knowledge Sharing and Innovation In Pakistanimentioning

confidence: 99%

The Impact of Knowledge Sharing and Innovation upon Sustainable Performance in Islamic Banks: A Mediation Analysis through an SEM Approach

Abbas

Hussain

et al. 2019

Sustainability

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This research is among the very few studies seeking a focalized examination on the relationship between knowledge sharing within a firm and organizational innovation. This specific study establishes that the knowledge sharing and innovation processes in Islamic banks are integral parts of the survival and progress of business organizations. Knowledge sharing and creativity are essential elements in the development of innovative strategies, but few studies have sought to investigate this relationship. This study proposes a framework with five hypotheses, which predicts the influences of knowledge sharing and organizational innovation on the Pakistani banking sector. This survey scrutinizes the impacts of knowledge sharing and innovation, and its primary objective is to determine how learning in Islamic banks mediates the relationship, and enhances the performance, of Pakistani Islamic banks. The authors distributed a self-administered survey, and randomly selected 554 employees from Mirpur AJ&K, Rawalpindi and Islamabad, Pakistan. We screened and tested the data received using SPSS version 25 for analysis purposes to measure the strength of the relationships which exist among the studied variables. The findings indicate that all of the proposed hypotheses have significant positive relationships, proving that knowledge sharing and organizational innovation have mediating impacts upon organizational learning. The findings can also be used to propose a systematic and holistic framework for attaining an improved performance in Islamic banks through the mediating role of organizational learning. This study offers empirical evidence and original data to examine the connection between knowledge sharing, innovation processes and learning culture in Islamic Banks. The generalizability of these findings is restricted to Islamic banks, and the study delivers valuable insights and suggestions for imminent research studies.

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“…Even so, not all Islamic bank bankers have good knowledge of Islamic sharia related to transactions in Islamic banks (Riaz, Burton, et al, 2017a). This is confirmed by (Riaz, Burton, et al, 2017b), which states that knowledge has a significant influence on perceptions of Islamic banks.…”

Section: Literature Reviewmentioning

confidence: 96%

“…The aspect of customer religiosity also influences perceptions of Islamic banks (Riaz, Khan, et al, 2017). a study conducted by (Riaz, Burton, et al, 2017b) revealed that apart from knowledge, customer religiosity also has a significant impact on perceptions of Islamic banks in Pakistan. Customer religiosity does play an essential role in the decision process for customers to choose Islamic banks.…”

Section: Literature Reviewmentioning

confidence: 99%

Perception of Sharia Banks Comparison Between Baby Boomers Generations and Millennial Generations

2020

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The objectives of this study are 1) To find out the description of the perception of baby boomers about sharia banking; 2) To find out the description of millennial generation perceptions about Islamic banking; 3) To find out how to compare the perception of the two generations of Islamic banks. This writing uses a Descriptive Statistics Method that seeks to illustrate how phenomena that occur when conducting research. Data collection is done through the distribution of questionnaires/questionnaires by directly plunging into the field and given to the elderly and productive age communities. It was testing the research hypothesis using the Maan-Whitney U Test. This research shows that (1) the Baby boomers generation understands well about sharia banking, both in terms of knowledge, religiosity, profit sharing, facilities/services, and location of sharia banking. (2) Millennials better understand Islamic banking, both in terms of knowledge, religiosity, profit sharing, facilities/services, and location of Islamic banking. However, after testing the hypothesis, it was found that there were no differences in the perceptions of the two generations.

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Perceptions on the accessibility of Islamic banking in the UK—Challenges, opportunities and divergence in opinion

Cited by 17 publications

References 78 publications

The impact of multi-layer governance on bank risk disclosure in emerging markets: the case of Middle East and North Africa

The impact of multi-layer governance on bank risk disclosure in emerging markets: the case of Middle East and North Africa

The Impact of Knowledge Sharing and Innovation upon Sustainable Performance in Islamic Banks: A Mediation Analysis through an SEM Approach

Perception of Sharia Banks Comparison Between Baby Boomers Generations and Millennial Generations

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