sustainability-logo

Journal Browser

Journal Browser

New Insights into the Study of the Ethical-Sustainable Principles Inherent in Islamic Banking and Finance

A special issue of Sustainability (ISSN 2071-1050). This special issue belongs to the section "Economic and Business Aspects of Sustainability".

Deadline for manuscript submissions: closed (31 December 2022) | Viewed by 5334

Special Issue Editors


E-Mail Website
Guest Editor
Department of Economics and Business, University of Almería, La Cañada de San Urbano, 04120 Almería, Spain
Interests: applied econometrics; behavioral finance; corporate social responsibility; experimental economics; gender economics studies; globalization; green economics; health economics; international business management; Islamic banking and finance
Special Issues, Collections and Topics in MDPI journals

E-Mail Website
Guest Editor
Department of Economics and Business, University of Almería, La Cañada de San Urbano, 04120 Almería, Spain
Interests: financial mathematics; financial operations; partial least squares structural equation modeling; panel data linear regressions; logit and probit models; applied econometrics; ethical banking; gender economics studies; health economics; corporate social responsibility
Special Issues, Collections and Topics in MDPI journals

Special Issue Information

Dear Colleagues,

In today's world, the Islamic Banking and Finance area is becoming increasingly important. If we consider some figures, more than 20% of the world's population consider themselves part of the Muslim religion, while the total investment in this field today exceeds USD 2.5 trillion. This particular approach to sustainable finance is based on ethical positions that are markedly different from those of conventional finance, based, among other precepts, on risk sharing, respect for the environment and non-exploitation of man by her/his fellows. Despite the importance of Islamic banking and finance and the multiple lines of research it offers from its ethical-moral and sustainable perspectives, the methodological insights that have studied it have generally been rather reiterative, hence the need to apply new approaches to this discipline in line with its enormous potential, which is the primary objective of this Special Issue. In the search for the most heterogeneous methodological perspective possible, works based on multivariate procedures such as Cross-sectional and Longitudinal studies, neural networks, Bayesian networks, wavelets analysis, random forest, artificial intelligence-based methodologies, algorithms, ad hoc case studies, simulation models, etc. will be taken into consideration.

Furthermore, this Special Issue represents an incredible opportunity for Islamic banking and finance to be popularized among scholars around the world, in clear correspondence with the importance of this area of knowledge.

Dr. Pedro Antonio Martín Cervantes
Prof. Dr. María del Carmen Valls Martínez
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Sustainability is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • Islamic Banking and Finance
  • Shariah Compliance
  • Risk sharing
  • Riba
  • Maqasid
  • Halal

Published Papers (2 papers)

Order results
Result details
Select all
Export citation of selected articles as:

Research

24 pages, 13339 KiB  
Article
Islamic Home Finance in the UK: A Partial Least Square Structural Equation Modelling Approach
by Tanveer Ahmed, Sarkar Kabir, Aqsa Aziz and Yahaya Alhassan
Sustainability 2023, 15(5), 4188; https://doi.org/10.3390/su15054188 - 25 Feb 2023
Cited by 1 | Viewed by 1610
Abstract
Previous studies assessing the prospects for Islamic home finance in the UK appear to be outdated, predominantly customer-oriented and lacking industry views. This study developed an up-to-date conceptual framework comprising four predicting constructs: extendibility, accessibility, affordability and authenticity, with the target construct being [...] Read more.
Previous studies assessing the prospects for Islamic home finance in the UK appear to be outdated, predominantly customer-oriented and lacking industry views. This study developed an up-to-date conceptual framework comprising four predicting constructs: extendibility, accessibility, affordability and authenticity, with the target construct being the prospects for Islamic home finance in the UK. The framework was assessed using a sample of 144 mortgage consultants selected through expert sampling. The findings revealed that authenticity had the greatest direct effect on prospects, followed by accessibility. In contrast, the effect of affordability on prospects was found to be insignificant. The mediation analysis showed that extendibility had a significant indirect effect on prospects via the accessibility construct. The multi-group analysis revealed no significant differences between experienced and novice mortgage consultants. Results of the post-hoc importance–performance matrix analysis (IPMA) identified authenticity as the high-priority development area, whereas the affordability of Islamic home finance was found in a low-priority zone. These results, derived from mortgage brokers, along with the combined application of PLS-SEM and IPMA, offer a more robust and industry-driven assessment of the prospects for Islamic home finance in the UK. These industry-driven and up-to-date findings provide valuable directions for policymakers and Islamic banks offering home financing in the UK and contribute new and extensive insights to the existing literature in this field. Full article
Show Figures

Figure 1

18 pages, 54753 KiB  
Article
Realising the Corporate Social Performance (CSP) of Takaful (Islamic Insurance) Operators through Drone-Assisted Disaster Victim Identification (DVI)
by Amirul Afif Muhamat, Ahmad Farouk Zulkifli, Muhammad Azman Ibrahim, Suzana Sulaiman, Geetha Subramaniam, Saadiah Mohamad and Yasushi Suzuki
Sustainability 2022, 14(9), 5440; https://doi.org/10.3390/su14095440 - 30 Apr 2022
Cited by 6 | Viewed by 2392
Abstract
The study investigates the potential for takaful operators to collaborate with the government by using drones to identify victims in the event of a mass disaster. It is critical to emphasise that takaful operators are not part of the government agencies involved in [...] Read more.
The study investigates the potential for takaful operators to collaborate with the government by using drones to identify victims in the event of a mass disaster. It is critical to emphasise that takaful operators are not part of the government agencies involved in the search and rescue (S&R) operations. Nevertheless, takaful operators are part of the critical chain in the risk management process because they are the parties that will issue compensation to victims if they are takaful participants (policyholders). Through semi-structured interviews, feedback on this issue was gathered from key informants who are experts in their fields. This study included 21 key informants: first responders to an emergency or disaster from Malaysian government agencies, forensic experts, takaful association, drone practitioners (including drone pilots, Vice President (VP) of drone consultation services, and the owner of a drone company), actuarial expert, Shariah experts, regulators (representatives from the central bank), takaful participants, and accounting expert. Findings indicate that the benefits of using drones to the takaful operators are undisputable. Yet, the associated costs of using the device are the main concerns to the industry players. The middle path is to have joint funds between the takaful industry and the government to pool the funds for the national disaster management agency to employ drones for DVI needs in the event of a disaster. Thus, the findings of this study will be useful to the government and takaful association when developing future policy and guidelines for the takaful industry. Furthermore, this research adds to the body of knowledge and provides a better understanding of the subject. Full article
Show Figures

Figure 1

Back to TopTop