Conceptualizing the Ontological Framework for Service Dominant Logic for Islamic Banking and Finance
نویسندگان
چکیده
The importance of Islamic banking and finance (IBF) has been widely accepted by not only Muslims but also non-Muslims, and many conventional banking have opened their Islamic banking window, partly because, the objective of Islamic Banking is to enjoin good and bring welfare to the people in addition to gain profit. The aim of our research is to explore the social value dimension and document extraction system of IBF. Many empirical works about IBF have already carried out and been shared. The fundamental aim should now be at capturing the structured representation of the documents instead of only keyword retrieval related to the statements. This paper describes the ontological framework that conceptualizes the service dominant logic for IBF. Two main ontologies are proposed: the service dominant logic components ontology and the IBF ontology to mold the relationship between service science and financial service for the purpose of measuring the social values and impacts of IBF. We obtained these ontologies by following the mapping of research results from the banking sector in Malaysia. The ontological framework has been designed as a framework leading to a model for resource integration enabling the mechanism of value co-creation in IBF from the view of social science, taking advantage of ontologies as the formal declaration and knowledge representation model. It provides a foundation upon which a machine understandable knowledge can be obtained. In this work, we present an ontology-based approach to enhance the effectiveness of a retrieval system with first, and the consideration for big data analytics in future. ______________________________________________________________________________
منابع مشابه
Conceptualizing and examining the critical success factors for implementing Islamic banking system towards banking sector of Iran: A mixed method approach
Islamic banking, as a major center for financial transactions in Islamic societies,plays a key role in the development of Islamic economics. The fundamental essenceof Islamic banking system is based on the fact that although, Islam has forbidden theinterest in transactions, but trade and profit is encouraged and supported. The actualimplementation of the Islamic banking system due to its unique...
متن کاملCo-Creation of Non-Economic Values in Islamic Banking: A New Frontier in Service Science
The purpose of this paper is to examine co-creation of non-economic values in Islamic banking services and their significance for service science by comparing Islamic and conventional banking services. Although many scholars have discussed co-creation of values in services, most of them have focused on only economic values. Following Sharia (Islamic principles that are based on Qur’an and Sunna...
متن کاملInternational Journal of Excellence in Islamic Banking and Finance Islamic Banking Service Quality and Withdrawal Risk: The Indonesian Experience
متن کامل
Islamic Social Banking Platform (Case of Resalat Islamic Bank)
In this paper, we examined an effective business model for the ecosystem of Islamic FinTech for Resalat Islamic Bank. The article discussed three phases of Resalat Bank development as a Platform in formulating social business models that require new value propositions, value constellations, and profit equations, and as such, resembles business model innovation. The result of the qualitative met...
متن کاملRisk Management Framework in Islamic Banking: Basel II and III, Challenges and Implications in Islamic Banking
The time to fix the roof is when the sun is shining risk management has not been uppermost on the Islamic banking sector’s agenda in recent years. It is crucial for Islamic banks (IBs) to have comprehensive risk management framework as there is growing realization among IBs that sustainable growth critically depends on the development of a comprehensive risk management framework. Islamic b...
متن کامل