Now showing 1 - 8 of 8
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A preliminary study of factors influencing the intention to adopt Islamic financing facilities among halal-certified companies in Malaysia

2023-06 , Hazalina Mat Soha , Mohd Zukime Mat Junoh , Tunku Salha Tunku Ahmad , Md. Aminul Islam

Halal business and Islamic finance adhere to the same fundamental principles and core beliefs. However, there is a divergence between these two industries, particularly in Malaysia, where the utilisation and adoption rate of Islamic financial facilities is still relatively low. This disconnect is particularly prevalent in Malaysia. In order for a company to run in a manner that is really halal, not only must it concentrate on halal production, but it must also finance the firm using shariah-compliant financing; this is something that has not yet been entirely accomplished. As a result, the purpose of this study is to evaluate the efficacy of the survey instrument in determining the influence of relative advantage, complexity, compatibility, top management support, owner-manager expertise, competitive pressure, and customer pressure on the desire to adopt Islamic finance facilities. Specifically, the aim of this study is to review the usefulness of the survey instrument in determining these factors. At the Halal Fiesta (Halfest), a survey was carried out with 30 halal-certified companies utilising a straightforward random sampling approach. This survey served as a preliminary assessment. The findings of the study provide evidence that there is a need for additional improvement and suggest that the survey instrument is appropriate for a more in-depth study that involves a bigger and more representative sample within the halal business.

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Retail supply chain and vendor managed inventory system: a review

2015-02 , S M Sohel Rana , Abdullah Osman , Md. Aminul Islam

Vendor-managed inventory (VMI) is a new technique that has been popular for inventory management of retail supply chain. It is one of the most widely accepted partnering initiatives for improving multi-firm supply chain efficiency, also known as continuous replenishment or supplier-managed inventory. VMI partnership enables the suppliers to make vital decisions regarding inventory replenishment for retailers. Actually this VMI transfers the responsibility of inventory management from the retailers to the suppliers who may be obliged to meet a specific customer service goal. Implementation of VMI program offers a competitive advantage for retailers in terms of higher product availability and provides the supplier with opportunities to progress production and marketing efficiencies. Going into VMI contract may give the involved firms some benefits. But entering into a VMI can be challenging unless clear collaboration and communication between the manufacturer and supplier is established to ensure success. To be successful in VMI contract, it is necessary to ensure effective teamwork with strong participation by both manufactures and retailers. So before adopting VMI strategy in their supply chain, retailers should critically analyze its applicability.

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Employee engagement among assistant registrars in public institutions of Higher Education in Malaysia: A descriptive study

2016-10 , Ruswahida Ibnu Ruslan , Md. Aminul Islam , Idris Mohd Noor , Norsiah Mat

The study attempted to find out the level of employee engagement among assistant registrars of Public Institution of Higher Learning in Malaysia. A survey with a close-ended questionnaire was distributed among assistant registrars of twenty public universities and 400 sets of questionnaire were collected. Results show that assistant registrars of Public Universities are highly engaged in their jobs. Further analysis was conducted on two categories of factors that contribute to employee engagement namely psychological conditions and job resources. Psychological meaningfulness was found to be the most contributing factor of employee engagement. Based on the findings it can be concluded that psychological conditions are more important than job resources with regards to employee engagement.

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The effect of internal audit function characteristics on market value among Indonesian public-listed companies

2023-10 , Mariyam , Md. Aminul Islam , Tunku Salha Tunku Ahmad

It is widely acknowledged that internal audits should have a value-adding component for all types of companies. This study systematically investigated the effect of internal audit function on the market value of public listed companies in Indonesia. The panel data technique used was based on the data extracted from 44 listed companies over five years (2015 -2021), with 308 observations. The empirical results revealed the Percent Audit Committee (PAC) has a significant and positive impact on market value. The Number of Certified Members (NCM) has no significant effect on market value, while the Percentage of Implemented Findings (PIF) has a significant and positive impact on the market value of companies. Size, leverage, and return on investment (ROI) have a significant impact on the market value of companies. The study offers extended implications in the empirical literature using a different measure of internal audit function characteristics from an emerging market perspective for different organisations. This study provides important implications for investors, managers, researchers, and auditors. Finally, the results of this research may be used by analysts, investors, and other strategic decision-makers in Indonesia to enhance the competitiveness and viability of the country's financial market. The findings will encourage policymakers to enact effective regulations, which could boost Indonesia's financial markets' efficiency and performance.

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Validating an instrument for measuring brand equity of CSR driven organizations in Malaysia

2017 , Karpal Singh Dara Singh , Md. Aminul Islam

The objective of this study is to develop and propose a valid and reliable instrument to measure brand equity of CSR driven organizations in Malaysia. An instrument to measure brand equity was constructed with adaptations from two key sources, namely Yew Leh and Lee (2011) and Yoo and Donthu (2001). As such the study only focuses on the development and validation of an instrument to measure brand equity of CSR driven organizations. The usable sample population included 909 respondents from 12 states of West Malaysia which were selected using a quota sampling plan. Confirmatory factor analysis (CFA) and reliability analysis were carried out to test and validate the proposed brand equity instrument containing four components (brand awareness, brand association, perceived quality and brand loyalty) with a total of 13 items. Results from the CFA and reliability analysis indicated that all the items representing the four components were valid and can be used to measure the brand equity of organizations that are practicing CSR. The study tried to set an empirical basis for brand equity and CSR related research which could be used by future researchers in different industries and geographical locations. The study also implies the need for organizations to assess the success of their CSR efforts through the use of the proposed instrument in order to gauge whether all their CSR efforts translate to improved brand equity.

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Financial retirement planning among self employed workers in Malaysia: A conceptual investigation

2021-05-03 , Wan Mashumi Wan Mustafa , Md. Aminul Islam

Financial retirement planning is essential and critical for every worker especially for the self-employed workers to face their retirement. The purpose of this paper is to identify factors relating to self-employed individuals' financial retirement planning for their future retirement, and shed light on future research directions for future researchers. This paper revisits existing literatures on retirement policies in Malaysia and some countries in the world, and also on financial retirement planning. Financial retirement planning literatures suffers a gapping problem in term of the scarcity of literatures on self-employed workers' planning for their retirement. Many researches in the past put more focus on retirement planning behavior of salaried workers. By conducting a conceptual study on this gap, hopefully it will offer policy makers and practitioners new insights to search for new constraints, objectives, and sources of information regarding retirement issues involving self-employed individuals in this country. This paper provides backgrounds and insights on self-employed workers' retirement preparation for future researchers to study. As a conceptual study, this work derived from secondary sources. Hopefully, this study provides researchers and practitioners some understanding of each factor proposed towards understanding financial retirement planning among the self-employed workers.

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End-user perspectives on fintech services adoption in the Bangladesh insurance industry: the moderating role of trust

2024-01-01 , Hassan M.S. , Md. Aminul Islam , Abdullah A.B.M. , Nasir H.

This study focuses on understanding the factors that influence end-users’ (customers’) acceptance of fintech services in the insurance industry. The study employed a modified Unified Theory of Acceptance and Use of Technology 2 model, incorporating perceived security and personal innovativeness as independent variables, and trust as a moderating variable. A total of 391 responses were analyzed using partial least squares structural equation modeling in SmartPLS software. The study’s findings indicate that factors such as effort expectancy, social influence, facilitating conditions, perceived, and personal innovativeness positively affect users’ behavioral intention (BI) to use fintech services in the insurance industry. Moreover, BI positively influences the actual use (AU) of fintech services. Additionally, trust plays a positive moderating role between BI and AU. The results of this study have practical implications for academicians, researchers, insurance companies, and insurance regulatory bodies. Academicians and researchers can further explore the acceptance of fintech in developing countries based on these findings. Insurance companies and regulatory bodies can take necessary steps and formulate strategies to promote the adoption of fintech services in the insurance industry, considering the identified factors and the role of trust.

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Building brand awareness in the modern marketing environment: a conceptual model

2014-02 , Wasib B Latif , Md. Aminul Islam , Idris Mohd Noor

Building brand awareness in competitive markets can play an active role in the modern marketing environment. It is now widely acknowledged by companies that strong brand awareness will create a competitive advantage in the marketplace that will enhance their overall reputation and credibility. Indeed, recent trend in modern marketing has been changed enormously and study of brand awareness is increasingly becoming popular to keep pace with this change. In this conceptual paper, we have summarized the exiting literatures on currently prevailing concepts and approaches on brands, which will allow us to identify the imperative components of brand awareness and therefore will assist companies to enhance their marketing efficiency. Based on earlier works, here we propose a plausible framework for building brand awareness in sequential order namely, positioning the brand, sponsorship, event marketing, sports marketing, advertising of the brand and integrated marketing communications. In this review, we put forward the notion that brand-building attempt need to be associated with organizational processes that will assist in bring the comprehensive knowledge about brands to the consumers through organizational awareness programs. We suggest that these activities could play an essential role in creating awareness about brands among consumers. As a whole, based on existing literatures, we have tried to provide a comprehensive view on the imperative components of brand awareness for building brand awareness in the modern marketing environment.