Pub Date : 2024-02-01DOI: 10.52458/23484969.2021.v8.iss4.kp.a21
Dr. Sonia Aggarwal
Job satisfaction is crucial not only for the well-being of individual employees but also for the overall productivity, retention, and success of the private bank. Satisfied employees are more likely to be motivated, committed, and contribute positively to the organization's goals. Organizations often invest in creating a conducive environment that fosters job satisfaction as part of their human resource management strategies. Workplace ethics in private banks is essential not only for legal and regulatory compliance but also for building a positive organizational culture, maintaining the trust of clients, and attracting and retaining talent. A commitment to ethical conduct contributes to the long-term success and sustainability of the private bank in a competitive financial environment. The primary objective of this research is to investigate the association between job satisfaction and workplace ethics, focusing on the private banking industry. Acknowledging the critical significance of ethical behaviour and employee satisfaction in the achievement of organisational objectives, this study examines the intricate connections between the two, identifying pivotal determinants that impact job satisfaction in the private banking sector. By utilising an extensive review of relevant literature and empirical data, this research investigates the direct relationship between organisational ethics (including leadership conduct, leadership culture, and adherence to ethical values), and employee job satisfaction. Furthermore, the study illuminates the specific intricacies inherent in private banks, taking into account the one-of-a-kind obstacles and prospects that this industry presents. The study's objective is to provide valuable insights for private banks that are interested in improving organisational performance, fostering a positive work environment, and cultivating long-lasting job satisfaction among their workforce through the elucidation of these connections.
{"title":"Workplace Ethics and Job Satisfaction with Special Reference to Private Banks","authors":"Dr. Sonia Aggarwal","doi":"10.52458/23484969.2021.v8.iss4.kp.a21","DOIUrl":"https://doi.org/10.52458/23484969.2021.v8.iss4.kp.a21","url":null,"abstract":"Job satisfaction is crucial not only for the well-being of individual employees but also for the overall productivity, retention, and success of the private bank. Satisfied employees are more likely to be motivated, committed, and contribute positively to the organization's goals. Organizations often invest in creating a conducive environment that fosters job satisfaction as part of their human resource management strategies. Workplace ethics in private banks is essential not only for legal and regulatory compliance but also for building a positive organizational culture, maintaining the trust of clients, and attracting and retaining talent. A commitment to ethical conduct contributes to the long-term success and sustainability of the private bank in a competitive financial environment. The primary objective of this research is to investigate the association between job satisfaction and workplace ethics, focusing on the private banking industry. Acknowledging the critical significance of ethical behaviour and employee satisfaction in the achievement of organisational objectives, this study examines the intricate connections between the two, identifying pivotal determinants that impact job satisfaction in the private banking sector. By utilising an extensive review of relevant literature and empirical data, this research investigates the direct relationship between organisational ethics (including leadership conduct, leadership culture, and adherence to ethical values), and employee job satisfaction. Furthermore, the study illuminates the specific intricacies inherent in private banks, taking into account the one-of-a-kind obstacles and prospects that this industry presents. The study's objective is to provide valuable insights for private banks that are interested in improving organisational performance, fostering a positive work environment, and cultivating long-lasting job satisfaction among their workforce through the elucidation of these connections.","PeriodicalId":389566,"journal":{"name":"Kaav International Journal of Economics , Commerce & Business Management","volume":"1148 2","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140466903","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-01DOI: 10.52458/23484969.2024.v11.iss1.kp.a2
Dr. Seemantini Chaturvedi
By comparing the moral standards of both private and public sector banks, this research aims to close a gap in the literature on banking ethics. This is an empirical study conducted in the Rajasthan region of India, focusing on ethical behaviors in banks from both the private and public sectors. Data for this study was gathered using a questionnaire designed specifically for a few key areas of Rajasthan and specially of Jaipur Jodhpur Udaipur. And some secondary data have also been collected from newspapers magazines and journals for the year 2017 to 2022.
{"title":"Relevance of Indian Ethics and Values in Management, Comparative Study between Banking in the Public and Private Domains: A Comparison of the Moral Standards Followed by Indian Public and Private Banks","authors":"Dr. Seemantini Chaturvedi","doi":"10.52458/23484969.2024.v11.iss1.kp.a2","DOIUrl":"https://doi.org/10.52458/23484969.2024.v11.iss1.kp.a2","url":null,"abstract":"By comparing the moral standards of both private and public sector banks, this research aims to close a gap in the literature on banking ethics. This is an empirical study conducted in the Rajasthan region of India, focusing on ethical behaviors in banks from both the private and public sectors. Data for this study was gathered using a questionnaire designed specifically for a few key areas of Rajasthan and specially of Jaipur Jodhpur Udaipur. And some secondary data have also been collected from newspapers magazines and journals for the year 2017 to 2022.","PeriodicalId":389566,"journal":{"name":"Kaav International Journal of Economics , Commerce & Business Management","volume":"1283 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140466867","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-01DOI: 10.52458/23484969.2022.v9.iss3.kp.a4
Sonia Aggarwal, Neelam Gupta
In the realm of economics, the relationship between trade openness and other indicators of economic growth, alongside their impact on income distribution, has been a subject of extensive examination by economists globally. Despite the considerable attention devoted to this topic, the findings remain inconclusive, particularly concerning developing countries. Some studies suggest that increased trade openness correlates with a decrease in income inequality, while others propose the opposite. This lack of consensus has led to ongoing debates among economists and policymakers in developing nations regarding the merits and drawbacks of trade liberalization. By examining a wide range of scholarly literature on the subject, this paper aims to shed light on the complex and multifaceted interactions between trade openness, various indicators of economic growth, and income distribution. Through meticulous analysis and synthesis of existing research findings, we endeavor to provide insights that contribute to a better understanding of how trade policies influence income inequality dynamics in both of developing as well as developed economies. In pursuit of these objectives, the paper will employ rigorous analytical methods and draw upon diverse datasets from different countries and time periods. By systematically exploring the relationships between trade openness, GDP growth, FDI inflows, employment trends, and income distribution, we aim to offer valuable insights that can inform evidence-based policymaking and contribute to the ongoing discourse surrounding the role of trade in shaping economic inequality. Ultimately, our endeavor seeks to advance knowledge in this field and provide guidance for policymakers grappling with the challenges of fostering inclusive economic growth amidst the complexities of global trade dynamics.
{"title":"Trade Openness and Income Inequality – A Fresh Perspective","authors":"Sonia Aggarwal, Neelam Gupta","doi":"10.52458/23484969.2022.v9.iss3.kp.a4","DOIUrl":"https://doi.org/10.52458/23484969.2022.v9.iss3.kp.a4","url":null,"abstract":"In the realm of economics, the relationship between trade openness and other indicators of economic growth, alongside their impact on income distribution, has been a subject of extensive examination by economists globally. Despite the considerable attention devoted to this topic, the findings remain inconclusive, particularly concerning developing countries. Some studies suggest that increased trade openness correlates with a decrease in income inequality, while others propose the opposite. This lack of consensus has led to ongoing debates among economists and policymakers in developing nations regarding the merits and drawbacks of trade liberalization. By examining a wide range of scholarly literature on the subject, this paper aims to shed light on the complex and multifaceted interactions between trade openness, various indicators of economic growth, and income distribution. Through meticulous analysis and synthesis of existing research findings, we endeavor to provide insights that contribute to a better understanding of how trade policies influence income inequality dynamics in both of developing as well as developed economies. In pursuit of these objectives, the paper will employ rigorous analytical methods and draw upon diverse datasets from different countries and time periods. By systematically exploring the relationships between trade openness, GDP growth, FDI inflows, employment trends, and income distribution, we aim to offer valuable insights that can inform evidence-based policymaking and contribute to the ongoing discourse surrounding the role of trade in shaping economic inequality. Ultimately, our endeavor seeks to advance knowledge in this field and provide guidance for policymakers grappling with the challenges of fostering inclusive economic growth amidst the complexities of global trade dynamics.","PeriodicalId":389566,"journal":{"name":"Kaav International Journal of Economics , Commerce & Business Management","volume":"194 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140467834","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-01DOI: 10.52458/23484969.2024.v11.iss1.kp.a1
Muhammad Akmal Wiryanata Abdan, Mochamad Ali Imron
Indonesia emerges as a critical force in the global nickel market, poised at the threshold of transformative shifts within its nickel industry. This review meticulously amalgamates academic research and industry insights to delineate the future trajectory, opportunities, and challenges of this pivotal sector. It critically examines the strategic implications of evolving market demands, particularly the burgeoning electric vehicle (EV) market, against a backdrop of environmental, technological, infrastructural, and socio-political considerations. Highlighting the sector?s vital role in both national economic growth and the global nickel supply chain, the analysis underscores the interplay between substantial opportunities and formidable challenges. These include navigating environmental sustainability, addressing societal needs, and spearheading innovations in technology and infrastructure. The variegated landscape of market demands, policy frameworks, and technological advancements signals the necessity for a synergistic approach among stakeholders, namely, government entities, industry participants, and communities to foster a trajectory of sustainable and equitable growth. In embarking on strategic forecasting for business management, this review posits that the Indonesian nickel industry?s future is not devoid of complexities. It necessitates a strategic focus on environmental conservation, socio-economic integration, and relentless innovation. Such an approach is imperative for realizing the sector's expansive potential, especially in catering to the heightened global demands from the EV sector, while promising extensive economic benefits. In essence, steering the future of Indonesia's nickel industry represents a confluence of economic, environmental, and social stewardship, pushing towards a significant contribution to a sustainable and just global future., situation handling, professionalism, expertise and devotion respectively. JEL Codes: L72, Q32, O13, G38
{"title":"Business Management and Strategic Forecasting Lens: Navigating the Future of Indonesia's Nickel Industry","authors":"Muhammad Akmal Wiryanata Abdan, Mochamad Ali Imron","doi":"10.52458/23484969.2024.v11.iss1.kp.a1","DOIUrl":"https://doi.org/10.52458/23484969.2024.v11.iss1.kp.a1","url":null,"abstract":"Indonesia emerges as a critical force in the global nickel market, poised at the threshold of transformative shifts within its nickel industry. This review meticulously amalgamates academic research and industry insights to delineate the future trajectory, opportunities, and challenges of this pivotal sector. It critically examines the strategic implications of evolving market demands, particularly the burgeoning electric vehicle (EV) market, against a backdrop of environmental, technological, infrastructural, and socio-political considerations. Highlighting the sector?s vital role in both national economic growth and the global nickel supply chain, the analysis underscores the interplay between substantial opportunities and formidable challenges. These include navigating environmental sustainability, addressing societal needs, and spearheading innovations in technology and infrastructure. The variegated landscape of market demands, policy frameworks, and technological advancements signals the necessity for a synergistic approach among stakeholders, namely, government entities, industry participants, and communities to foster a trajectory of sustainable and equitable growth. In embarking on strategic forecasting for business management, this review posits that the Indonesian nickel industry?s future is not devoid of complexities. It necessitates a strategic focus on environmental conservation, socio-economic integration, and relentless innovation. Such an approach is imperative for realizing the sector's expansive potential, especially in catering to the heightened global demands from the EV sector, while promising extensive economic benefits. In essence, steering the future of Indonesia's nickel industry represents a confluence of economic, environmental, and social stewardship, pushing towards a significant contribution to a sustainable and just global future., situation handling, professionalism, expertise and devotion respectively. JEL Codes: L72, Q32, O13, G38","PeriodicalId":389566,"journal":{"name":"Kaav International Journal of Economics , Commerce & Business Management","volume":"390 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140466384","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2024-02-01DOI: 10.52458/23484969.2023.v10.iss4.kp.a9
Dr. Krishna Kumar Sharma
In the retail industry, brand management is an extremely important factor in building and preserving a competitive edge within the industry. Due to the fact that the retail industry is characterized by fierce rivalry and frequently changing consumer tastes, it is necessary to have good brand management in order to construct and maintain a competitive advantage. It is possible that traditional methods of brand positioning, differentiation, and communication will not be sufficient to adequately grab and maintain market share in the retail landscape of today, which is marked by intense competition. Within the context of a market landscape that is always shifting, this study investigates the tactics that retail brands take in order to construct and maintain their competitive edge. This research focuses on the numerous aspects of brand management, such as brand positioning, brand differentiation, brand communication, and brand loyalty. It does so by drawing on previous research that has been conducted on the subject. The purpose of this study is to give a beneficial addition to scholars alike by evaluating successful retail brands and their approaches to brand management. Also, the study intends to contribute to a deeper knowledge of the dynamics of brand management in the retail sector.
{"title":"A Study on Brand Management in Retail: Building and Sustaining Competitive Advantage","authors":"Dr. Krishna Kumar Sharma","doi":"10.52458/23484969.2023.v10.iss4.kp.a9","DOIUrl":"https://doi.org/10.52458/23484969.2023.v10.iss4.kp.a9","url":null,"abstract":"In the retail industry, brand management is an extremely important factor in building and preserving a competitive edge within the industry. Due to the fact that the retail industry is characterized by fierce rivalry and frequently changing consumer tastes, it is necessary to have good brand management in order to construct and maintain a competitive advantage. It is possible that traditional methods of brand positioning, differentiation, and communication will not be sufficient to adequately grab and maintain market share in the retail landscape of today, which is marked by intense competition. Within the context of a market landscape that is always shifting, this study investigates the tactics that retail brands take in order to construct and maintain their competitive edge. This research focuses on the numerous aspects of brand management, such as brand positioning, brand differentiation, brand communication, and brand loyalty. It does so by drawing on previous research that has been conducted on the subject. The purpose of this study is to give a beneficial addition to scholars alike by evaluating successful retail brands and their approaches to brand management. Also, the study intends to contribute to a deeper knowledge of the dynamics of brand management in the retail sector.","PeriodicalId":389566,"journal":{"name":"Kaav International Journal of Economics , Commerce & Business Management","volume":"45 5","pages":""},"PeriodicalIF":0.0,"publicationDate":"2024-02-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"140464415","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-12-01DOI: 10.52458/23484969.2023.v10.iss4.kp.a2
Dr Raman Srivastava, Dr Nidhi Singh
This abstract examines the pivotal role of e-commerce in shaping economic landscapes, with a specific emphasis on its transformative impact in India. E-commerce, synonymous with electronic commerce, involves the online exchange of goods, services, and financial transactions. The dynamics of businesses driving internet-based commerce in India differ markedly from traditional models, signaling a paradigm shift. Projections suggest that India's e-commerce market is poised for exponential growth, estimated to reach an impressive 200 billion US dollars by 2026, a sharp ascent from 38.5 billion US dollars in 2017. This growth trajectory is propelled by factors such as increased internet and smartphone penetration in a nation that serves as a hub for digital connectivity. The surge in digitalization is forecasted to elevate India's total internet users to 829 million by 2021, fostering an economic surge that could double the nation's GDP from US$ 125 billion in April 2017 to US$ 250 billion by 2020, primarily driven by the burgeoning e-commerce sector. The abstract underscores the cumulative effects and increasing returns associated with e-commerce, factors that have been witnessed globally and are anticipated to sustain high rates of growth. In essence, the analysis highlights how e-commerce is reshaping the economic trajectory of nations, showcasing India as a compelling case study for the transformative power of digital commerce in fostering economic development.
{"title":"E-Commerce as a Catalyst for Economic Development: A Focus on India","authors":"Dr Raman Srivastava, Dr Nidhi Singh","doi":"10.52458/23484969.2023.v10.iss4.kp.a2","DOIUrl":"https://doi.org/10.52458/23484969.2023.v10.iss4.kp.a2","url":null,"abstract":"This abstract examines the pivotal role of e-commerce in shaping economic landscapes, with a specific emphasis on its transformative impact in India. E-commerce, synonymous with electronic commerce, involves the online exchange of goods, services, and financial transactions. The dynamics of businesses driving internet-based commerce in India differ markedly from traditional models, signaling a paradigm shift. Projections suggest that India's e-commerce market is poised for exponential growth, estimated to reach an impressive 200 billion US dollars by 2026, a sharp ascent from 38.5 billion US dollars in 2017. This growth trajectory is propelled by factors such as increased internet and smartphone penetration in a nation that serves as a hub for digital connectivity. The surge in digitalization is forecasted to elevate India's total internet users to 829 million by 2021, fostering an economic surge that could double the nation's GDP from US$ 125 billion in April 2017 to US$ 250 billion by 2020, primarily driven by the burgeoning e-commerce sector. The abstract underscores the cumulative effects and increasing returns associated with e-commerce, factors that have been witnessed globally and are anticipated to sustain high rates of growth. In essence, the analysis highlights how e-commerce is reshaping the economic trajectory of nations, showcasing India as a compelling case study for the transformative power of digital commerce in fostering economic development.","PeriodicalId":389566,"journal":{"name":"Kaav International Journal of Economics , Commerce & Business Management","volume":"8 3","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139023777","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-12-01DOI: 10.52458/23484969.2023.v10.iss4.kp.a4
Mrs. Jai Lakshmi Sharma, Prof. R.K. Maheshwari, Shivam Agarwal
In recent years, the concept of volatility has gained much importance in macroeconomic variables like stock market indices, exchange rates and price indices. In this study, inflation indicators like the Consumer Price Index Combined (CPI-C) and Wholesale Price Index? all commodities (WPI-AC) starting in 2014:01 and ending in 2023:04 in India are used to measure the inflation uncertainty. To show volatility both symmetric and asymmetric models which are GARCH type are employed. So, that an appropriate forecasting model could be projected. For CPI an asymmetric GARCH model is found appropriate while for WPI a symmetric GARCH model was shown appropriate in the analysis. The volatility of CPI is less than WPI as shown by the various variance tools applied in the paper.
{"title":"Modelling Inflation Rate Uncertainty in India: An Empirical Study","authors":"Mrs. Jai Lakshmi Sharma, Prof. R.K. Maheshwari, Shivam Agarwal","doi":"10.52458/23484969.2023.v10.iss4.kp.a4","DOIUrl":"https://doi.org/10.52458/23484969.2023.v10.iss4.kp.a4","url":null,"abstract":"In recent years, the concept of volatility has gained much importance in macroeconomic variables like stock market indices, exchange rates and price indices. In this study, inflation indicators like the Consumer Price Index Combined (CPI-C) and Wholesale Price Index? all commodities (WPI-AC) starting in 2014:01 and ending in 2023:04 in India are used to measure the inflation uncertainty. To show volatility both symmetric and asymmetric models which are GARCH type are employed. So, that an appropriate forecasting model could be projected. For CPI an asymmetric GARCH model is found appropriate while for WPI a symmetric GARCH model was shown appropriate in the analysis. The volatility of CPI is less than WPI as shown by the various variance tools applied in the paper.","PeriodicalId":389566,"journal":{"name":"Kaav International Journal of Economics , Commerce & Business Management","volume":"271 1","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139020016","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-12-01DOI: 10.52458/23484969.2023.v10.iss4.kp.a6
Unggul Priyadi
The paper offers on an in-depth exploration of the harmonization of economic paradigms with the principles ingrained in Islamic teachings. It primarily emphasizes Islamic finance as a field and scrutinizes its methodologies to reveal the extent of correlation existing with conventional economic theories. The necessity for a thorough analysis of this fusion arises from the perpetually evolving global financial landscape and the quest to establish financial systems that are not only sustainable but also value-based. Islamic finance, aiming to uphold ethical, social, and environmental dimensions, has gained considerable significance in both Muslim-majority and non-Muslim-majority jurisdictions. This systematic review offers a detailed dissection of the interdisciplinary nature of Islamic finance by elucidating the conceptual underpinnings of the ethical values that guide its operations and the conventional economic principles upon which it stands. Furthermore, this paper unravels the Shariah-compliant financial instruments that differentiate Islamic finance from its conventional counterparts. Through the lens of the existing literature, this review provides the historical context and development of Islamic finance, alongside its various economic applications, which contribute to the amalgamation of faith-based and financial principles observed in this field. Such comprehensive information will foster an improved understanding of Islamic finance while showcasing its potential to address numerous global financial challenges.
{"title":"Institutional Economics Lens: A Comprehensive Review on the Interdisciplinary Integration between Islamic Studies and Economics","authors":"Unggul Priyadi","doi":"10.52458/23484969.2023.v10.iss4.kp.a6","DOIUrl":"https://doi.org/10.52458/23484969.2023.v10.iss4.kp.a6","url":null,"abstract":"The paper offers on an in-depth exploration of the harmonization of economic paradigms with the principles ingrained in Islamic teachings. It primarily emphasizes Islamic finance as a field and scrutinizes its methodologies to reveal the extent of correlation existing with conventional economic theories. The necessity for a thorough analysis of this fusion arises from the perpetually evolving global financial landscape and the quest to establish financial systems that are not only sustainable but also value-based. Islamic finance, aiming to uphold ethical, social, and environmental dimensions, has gained considerable significance in both Muslim-majority and non-Muslim-majority jurisdictions. This systematic review offers a detailed dissection of the interdisciplinary nature of Islamic finance by elucidating the conceptual underpinnings of the ethical values that guide its operations and the conventional economic principles upon which it stands. Furthermore, this paper unravels the Shariah-compliant financial instruments that differentiate Islamic finance from its conventional counterparts. Through the lens of the existing literature, this review provides the historical context and development of Islamic finance, alongside its various economic applications, which contribute to the amalgamation of faith-based and financial principles observed in this field. Such comprehensive information will foster an improved understanding of Islamic finance while showcasing its potential to address numerous global financial challenges.","PeriodicalId":389566,"journal":{"name":"Kaav International Journal of Economics , Commerce & Business Management","volume":"470 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"139013710","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-12-01DOI: 10.52458/23484969.2023.v10.iss4.kp.a3
Prof. Bimal Jaiswal Dr. Praveen Joshi
The worldwide ecosystem of financial technology (fintech) has seen remarkable expansion and transformation, which has resulted in the reconfiguration of conventional financial services and the creation of new opportunities. The purpose of this paper is to give a detailed analysis of the present condition of the global fintech environment, focusing on the main opportunities and challenges that characterize the dynamics of this ecosystem. Both the development of the fintech business and the current state of financial technology in the Indian finance sector are discussed in this article. The fintech industry offers digitization of transactions, which helps to make them safer for users. One of the advantages of using fintech services is that they lower operational expenses and are user-friendly. India is the country with the fastest expanding fintech services in the world. Fintech services are going to bring about a shift in the routines and strategies that are utilized by the Indian financial industry.
{"title":"Analyzing the Global Fintech Ecosystems and it’s Opportunities and Challenges","authors":"Prof. Bimal Jaiswal Dr. Praveen Joshi","doi":"10.52458/23484969.2023.v10.iss4.kp.a3","DOIUrl":"https://doi.org/10.52458/23484969.2023.v10.iss4.kp.a3","url":null,"abstract":"The worldwide ecosystem of financial technology (fintech) has seen remarkable expansion and transformation, which has resulted in the reconfiguration of conventional financial services and the creation of new opportunities. The purpose of this paper is to give a detailed analysis of the present condition of the global fintech environment, focusing on the main opportunities and challenges that characterize the dynamics of this ecosystem. Both the development of the fintech business and the current state of financial technology in the Indian finance sector are discussed in this article. The fintech industry offers digitization of transactions, which helps to make them safer for users. One of the advantages of using fintech services is that they lower operational expenses and are user-friendly. India is the country with the fastest expanding fintech services in the world. Fintech services are going to bring about a shift in the routines and strategies that are utilized by the Indian financial industry.","PeriodicalId":389566,"journal":{"name":"Kaav International Journal of Economics , Commerce & Business Management","volume":"178 ","pages":""},"PeriodicalIF":0.0,"publicationDate":"2023-12-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"138988311","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
Pub Date : 2023-12-01DOI: 10.52458/23484969.2023.v10.iss4.kp.a5
Kristiningsih ji, S. Soebandhi, Adrianto Trimarjono, Mochamad Ali Imron
This study emphasizes the transformative potential of adaptive digital marketing strategies, demonstrating their integral role in enhancing the resilience and capabilities of Micro, Small, and Medium Enterprises (MSMEs) in weathering the twin storms of the Fourth Industrial Revolution and the COVID-19 global pandemic. Operating within a broad framework of socio-economic empowerment, the research takes a deep-dive into the crucial adaptive changes that MSMEs must implement within their marketing strategies, to not only survive the tumultuous business environment but also to seize opportunities for growth and advancement. The methodological approach employed by this study embraces a qualitative research paradigm, which allows for an in-depth examination and impartial interpretation of the available scholarly literature on the subject. The findings of the study illuminate the burgeoning role of digital marketing in empowering consumers with expansive, immediate access to detailed product information, thereby enabling smooth, time-efficient, and location-agnostic transactions over the internet. Simultaneously, MSMEs can reap considerable benefits from digital marketing strategies by gaining valuable, real-time insight into evolving market trends and consumer preferences and behaviours. This holistic informational ecosystem fosters strategic decision-making capabilities and creates a more streamlined, cost-effective framework for MSMEs, exhibiting a stark contrast with the often-limited scalability of traditional retail channels.
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