Malay intangible heritage went through numerous stages in its evolution and shaped by an amalgamation of various influences; one of which was the Malay-Polynesian belief system with a strong animistic base. The later emergence of Islam introduced new customs and practices where old manteras or incantations are sprinkled with Islamic names and supplications to Islamize, so as to legitimize the r...

After the 2007-2008 subprime financial crisis considering bankruptcy evaluation for the banking industry becomes vital. In line of that, this study aims to analyze the bankruptcy profile of foreign versus domestic Islamic banks operating in Malaysia. This study predicted 40% and 75% bankruptcy in the subjected samples of foreign and domestic Islamic banks of Malaysia respectively. However, the ...

Islamic Banking is growing at a rapid speed and has showed unprecedented growth and expansion in last two decades in spite of mismatching of existing financial framework and business practices. By the end of 2008 volume of Islamic banking has reached to US $ 951 Billion with operation in more than 50 countries. Middle East is the centre of Islamic banking with contribution of approximately 80% ...

Purpose – This study attempts to examine the relationship between service quality perception and customers’ satisfaction in Malaysian Islamic banking using the SEM approach. Design/methodology/approach – This model starts with SERVQUAL measurement scales consisting of six dimensional structures: tangibles, reliability, responsiveness, assurance, and empathy, and plus the compliance dimensions t...

The recent history of Islamic finance is riddled with a number of paradoxes. First, there is a great rift between the economics literature on Islamic finance, and the practical approaches taken by financial experts and practitioners in the area. Second, despite two or more decades of rhetoric regarding the development of uniform standards for Islamic finance, the market remains largely segmente...

I has approximately 1.5 billion followers worldwide, the majority of which live in the Islamic states, and an appreciable number live in non-Islamic states.1,2 In both environments, the Muslims maintain a “Code of Life”, in which they adhere to the instructions of Islam and respect it’s guidance in their daily living. Islam provides a “Code of Conduct” drawn from Al-Sharea’h, also known as the ...