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Application of Umra and Ruqba in Disbursement of Family Takaful Benefit: An Analysis from Shariah Perspective Umra和Ruqba在家庭回教补贴发放中的应用:伊斯兰教法视角的分析
IF 1 Q4 MANAGEMENT Pub Date : 2019-03-01 DOI: 10.21315/AAMJ2019.24.S1.8
M. Rahman, Md. Faruk Abdullah, P. Ghazali, N. Osmani
The paper aims to analyse the validity of practicing umra and ruqba concepts in disbursement of family takaful benefit from the shariah perspective. In the current practice of takaful, the disbursement of family takaful benefit is subject to the demise of takaful certificate holder. Upon maturity of the certificate, if the certificate holder is alive, he will enjoy takaful benefit but not the beneficiary or hibah recipient. Accordingly, he takes back the donation that he made earlier, which makes the arrangement contentious, as long as the Islamic value is concerned. To resolve this issue, the paper suggested that the takaful benefit could be disbursed based on umra and ruqba concepts as they are subject to the survival of the contracting parties. Umra and ruqba are valid provided that once the donation is executed, the donated object should never be returned to the donor. These concepts are appropriate for takaful because the beneficiary can enjoy takaful benefit only when the certificate holder dies before the maturity of certificate. Once the certificate holder dies, takaful benefit cannot be provided to him. The paper argues that the application of umra and ruqba concepts minimises the consequential issues that arise when takaful benefit is disbursed by nomination or inheritance or absolute hibah. Analysing the opinions of the classical Islamic jurists, the paper concludes that the application of umra and ruqba in disbursement of takaful benefit could be done with a structured checklist form.
本文旨在从伊斯兰教法的角度分析umra和ruqba概念在家庭塔卡富利支付中的有效性。在塔卡富的现行做法中,家庭塔卡富福利的发放取决于塔卡富证书持有人的死亡。证书到期后,如果证书持有人还活着,他将享受takaful福利,但受益人或hibah接受者除外。因此,他收回了早些时候的捐款,这使得这一安排在伊斯兰价值方面存在争议。为了解决这一问题,该文件建议,可以根据umra和ruqba概念支付takaful福利,因为它们取决于缔约方的生存。Umra和ruqba是有效的,前提是一旦捐赠完成,捐赠的物品永远不应退还给捐赠者。这些概念适用于takaful,因为只有当证书持有人在证书到期前死亡时,受益人才能享受takaful福利。一旦证书持有人死亡,将无法向其提供塔卡富尔福利。该论文认为,umra和ruqba概念的应用最大限度地减少了通过提名或继承或绝对hibah支付takaful福利时出现的后果性问题。通过分析古典伊斯兰法学家的观点,本文得出结论,umra和ruqba在塔卡富尔福利支付中的应用可以采用结构化的检查表形式。
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引用次数: 2
The Future Sustainability of Malaysian Higher Education Institutions: What Matters Most? 马来西亚高等教育机构的未来可持续性:什么最重要?
IF 1 Q4 MANAGEMENT Pub Date : 2019-03-01 DOI: 10.21315/aamj2019.24.s1.12
H. Ali, L. A. Ayodele, M. Ibrahim
The purpose of the study was to examine the relationship between the organisational quality management initiatives (OQMI) and organisational culture (OC) on the sustainability of Malaysian higher education institutions (SMHEI). The study utilised 263 top administrators’ completed questionnaire survey from universities in Peninsular Malaysia. The statistical techniques employed in this study were descriptive statistics, confirmatory factor analysis (CFA), and a full-fledged structural equation modelling to address the research questions and hypotheses testing. The findings revealed that long-term strategic planning initiatives (LSPI) required a thorough revision; communication and decision-making, and organisational climate of Malaysian higher education institutions (MHEI) persisted as challenges in improving the SMHEI. It was also revealed that the implementation of balanced scorecard could enhance the effectiveness and efficiency of MHEI. This study provides a basis for future studies, particularly in the Peninsular Malaysia context. Theoretically, the study also found that not only leadership perspectives required further investigation but also the financial, customer, internal process, and learning and growth perspectives in the administration for SMHEI. Keywords: balanced scorecard, sustainability, organisational climate, quality assurance, long-term strategic planning initiatives
本研究的目的是考察组织质量管理举措(OQMI)和组织文化(OC)对马来西亚高等教育机构(SMHEI)可持续性的影响。这项研究使用了263名马来西亚半岛大学高级管理人员完成的问卷调查。本研究采用的统计技术包括描述性统计、验证性因素分析(CFA)和全面的结构方程建模,以解决研究问题和假设检验。调查结果显示,长期战略规划倡议需要彻底修订;马来西亚高等教育机构(MHEI)的沟通和决策以及组织氛围一直是改善SMHEI的挑战。研究还表明,实施平衡记分卡可以提高MHEI的有效性和效率。这项研究为未来的研究提供了基础,特别是在马来西亚半岛的背景下。理论上,该研究还发现,不仅领导视角需要进一步调查,SMHEI的财务、客户、内部流程以及管理中的学习和成长视角也需要进一步调查。关键词:平衡记分卡、可持续性、组织氛围、质量保证、长期战略规划举措
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引用次数: 2
Predicting Private Saving Within Malay Community 预测马来社区的私人储蓄
IF 1 Q4 MANAGEMENT Pub Date : 2019-01-01 DOI: 10.21315/AAMJ2019.24.S1.1
Goi Mei Teh, Mohd Rizal Palil, Nor Hazila Mohd Zain, N. Mamat
Few reports have indicated that majority of Malaysians do not save enough for retirement and Malays are less likely to save money as compared to other races in Malaysia. A lot of attention has been given to the link between financial literacy and saving thus neglecting other factors that are closely related to individuals. According to Bandura’s (1977) theory, financial behaviour is closely related to personal factors such as individual characteristic, cognitive ability, self-efficacy, and religious faith. Therefore, this study aims to examine all the factors predicting private saving. Using 224 Malay respondents, logistic regression analysis was conducted. This study found that parents and religious faith significantly predicted the likelihood of private saving, but individual characteristic, cognitive ability, and self-efficacy did not significantly predict the likelihood of private saving. Thus, this study recommends using parents and religious officers to guide the Malay communities in their private saving.
很少有报告显示大多数马来西亚人没有足够的退休储蓄,马来人比马来西亚其他种族更不可能存钱。人们对金融知识和储蓄之间的联系给予了大量的关注,从而忽视了与个人密切相关的其他因素。根据Bandura(1977)的理论,金融行为与个体特征、认知能力、自我效能感、宗教信仰等个人因素密切相关。因此,本研究旨在检验影响个人储蓄的所有因素。对224名马来受访者进行逻辑回归分析。本研究发现,父母和宗教信仰对个人储蓄的可能性有显著的预测作用,而个人特征、认知能力和自我效能感对个人储蓄的可能性没有显著的预测作用。因此,本研究建议使用父母和宗教官员来指导马来社区的私人储蓄。
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引用次数: 3
The Impact of Reference Groups on the Purchase Intentions of Sporting Products: The Case for Spectatorship and Participation 参考群体对体育产品购买意愿的影响:以观众与参与为例
IF 1 Q4 MANAGEMENT Pub Date : 2019-01-01 DOI: 10.21315/AAMJ2019.24.1.1
Panjarat Pransopon, D. Hoonsopon
The purpose of this research is to investigate the impact of reference groups and different types of sports consumers on their purchase intentions for sporting products. Several studies have examined the role of reference groups (private and public) on purchase intentions in the sports marketing area. However, there is a shortage of investigation into the impact of reference groups for each type of sports consumer (spectatorship and participation). Additionally, the effect of strangers on the purchase intentions of sports consumers has been overlooked. After drawing from the social identity theory and conducting experimental research with 593 respondents who have interest in either watching or playing sports, as well as analysing the research with structural equation modelling, the results show that private groups influence the purchase intentions of participation for sporting products. However, public groups and strangers influence the spectatorship purchase intentions of sporting products. This study provides a contribution to the social identity theory by revealing that reference groups provide a diverse effect on purchase intentions for each type of sports consumer.
本研究的目的是探讨参考群体和不同类型的体育消费者对其体育产品购买意愿的影响。几项研究调查了参考群体(私人和公共)在体育营销领域的购买意向中的作用。然而,对于每一种类型的体育消费者(观众和参与)的参考群体的影响,缺乏调查。此外,陌生人对体育消费者购买意愿的影响一直被忽视。借鉴社会认同理论,对593名有兴趣观看或参与体育运动的受访者进行实验研究,并运用结构方程模型对研究结果进行分析,结果表明,私人群体影响体育产品参与的购买意愿。然而,公众群体和陌生人会影响体育产品的观众购买意愿。本研究通过揭示参考群体对不同类型体育消费者购买意愿的不同影响,为社会认同理论提供了贡献。
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引用次数: 5
Financial statements timeliness: The case of Malaysian listed industrial product companies 财务报表及时性:以马来西亚工业品上市公司为例
IF 1 Q4 MANAGEMENT Pub Date : 2019-01-01 DOI: 10.21315/aamj2019.24.s2.9
G. Zandi, N. Abdullah
Timeliness of corporate annual financial reports is a crucial factor which affects the usefulness of information made available to external users especially investors. The purpose of this study is to examine the impact of corporate governance towards companies’ performances which consequently affect the timeliness of any report submitted to the local authority. This study takes the industrial product sector and the annual reports of companies operating therein and a list of submission dates of annual report to Bursa Malaysia by Malaysian public listed companies for data analysis. Regression analyses were performed to examine the relationship between corporate governance and company’s performance using return on asset (ROA) and return on equity (ROE) which will eventually affect the timeliness submission of the annual report to Bursa Malaysia. The Chief Executive Officer (CEO) duality and independent audit committee carry a significant relationship with timeliness of financial reporting whereas 8.8% of the studied companies submit early within the statutory requirement while the remaining 91.2% submit timely. Keyword: timeliness, corporate governance, Bursa Malaysia, audit committee, practitioners GholamReza Zandi and Nur Amalina Abdullah
公司年度财务报告的及时性是影响向外部用户特别是投资者提供的信息的有用性的一个关键因素。本研究的目的是检验公司治理对公司绩效的影响,从而影响提交给地方当局的任何报告的及时性。本研究选取了工业产品行业及其经营公司的年报,以及马来西亚上市公司向马来西亚交易所提交年报的日期清单进行数据分析。运用资产回报率(ROA)和股本回报率(ROE)进行回归分析,以检验公司治理与公司绩效之间的关系,这将最终影响向马来西亚证券交易所提交年度报告的及时性。首席执行官(CEO)的双重身份和独立审计委员会与财务报告的及时性有着显著的关系,而8.8%的被研究公司在法定要求的范围内提前提交了财务报告,其余91.2%的公司及时提交了财务报告。关键词:时效性,公司治理,马来西亚证券交易所,审计委员会,从业人员GholamReza Zandi和Nur Amalina Abdullah
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引用次数: 7
Measuring the effects of work motivation on stress and performance linkages in SME 测量中小企业工作动机对压力和绩效关系的影响
IF 1 Q4 MANAGEMENT Pub Date : 2019-01-01 DOI: 10.21315/aamj2019.24.s2.1
S. M. H. S. Khairuddin, Z. Saidun, M. Hashim
Entrepreneurship is important for the economic growth and wealth of the nation. Entrepreneurs are responsible for not only generating income to themselves but also to others in terms of job creation. However, the issue of the entrepreneurs’ well-being is hardly being touched upon particularly in the context of stress, work motivation, and performance in enterprises of small and medium sizes in Malaysia. Work motivation as the mediator is the main contributions from the study. Therefore, the study aims to examine these relationships within this context. Stress, motivation, and performance were measured using A Shortened Stress Screening Tool (ASSET), Multidimensional Work Motivation Scale (MWMS), and Individual Work Performance (IWPQ), respectively. Questionnaires were distributed among the Majlis Amanah Rakyat (MARA) entrepreneurs located in Klang Valley and approximately 150 respondents responded. Data were analysed using the hierarchical multiple regression method. The results showed that certain stressors such as work relationship, work overload, job security, and resources and communication significantly affect motivation. Meanwhile, work motivation significantly predicts performance. Finally, stressors such as work relationships, work-life balance, job security, and pay and benefits significantly influence performance. Overall, work motivation partially mediated stress and performance relationship. Entrepreneurs should be aware of these significant stressors and conduct interventions so as to reduce their stresses and thus, improve their work motivation and performance.
企业家精神对国家的经济增长和财富至关重要。企业家不仅要为自己创造收入,也要为他人创造就业机会。然而,企业家的福利问题几乎没有被触及,特别是在马来西亚中小型企业的压力,工作动机和绩效方面。工作动机作为中介是本研究的主要贡献。因此,本研究旨在在此背景下研究这些关系。分别使用缩短压力筛选工具(ASSET)、多维工作动机量表(MWMS)和个人工作绩效(IWPQ)来测量压力、动机和绩效。问卷在巴生谷的人民议会企业家中分发,约有150名受访者作出回应。采用层次多元回归方法对数据进行分析。结果表明,工作关系、工作负荷、工作保障、资源和沟通等压力因素对动机有显著影响。同时,工作动机对工作表现有显著的预测作用。最后,工作关系、工作与生活的平衡、工作保障、薪酬福利等压力因素会显著影响绩效。总体而言,工作动机在压力与绩效关系中起部分中介作用。企业家应该意识到这些重要的压力源,并进行干预,以减少他们的压力,从而提高他们的工作动机和绩效。
{"title":"Measuring the effects of work motivation on stress and performance linkages in SME","authors":"S. M. H. S. Khairuddin, Z. Saidun, M. Hashim","doi":"10.21315/aamj2019.24.s2.1","DOIUrl":"https://doi.org/10.21315/aamj2019.24.s2.1","url":null,"abstract":"Entrepreneurship is important for the economic growth and wealth of the nation. Entrepreneurs are responsible for not only generating income to themselves but also to others in terms of job creation. However, the issue of the entrepreneurs’ well-being is hardly being touched upon particularly in the context of stress, work motivation, and performance in enterprises of small and medium sizes in Malaysia. Work motivation as the mediator is the main contributions from the study. Therefore, the study aims to examine these relationships within this context. Stress, motivation, and performance were measured using A Shortened Stress Screening Tool (ASSET), Multidimensional Work Motivation Scale (MWMS), and Individual Work Performance (IWPQ), respectively. Questionnaires were distributed among the Majlis Amanah Rakyat (MARA) entrepreneurs located in Klang Valley and approximately 150 respondents responded. Data were analysed using the hierarchical multiple regression method. The results showed that certain stressors such as work relationship, work overload, job security, and resources and communication significantly affect motivation. Meanwhile, work motivation significantly predicts performance. Finally, stressors such as work relationships, work-life balance, job security, and pay and benefits significantly influence performance. Overall, work motivation partially mediated stress and performance relationship. Entrepreneurs should be aware of these significant stressors and conduct interventions so as to reduce their stresses and thus, improve their work motivation and performance.","PeriodicalId":44777,"journal":{"name":"Asian Academy of Management Journal","volume":"1 1","pages":""},"PeriodicalIF":1.0,"publicationDate":"2019-01-01","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"67723810","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}
引用次数: 4
The Construction of a New Mathematical Model for Islamic Home Financing 伊斯兰家庭融资新数学模型的构建
IF 1 Q4 MANAGEMENT Pub Date : 2019-01-01 DOI: 10.21315/AAMJ2019.24.S1.3
P. Ghazali, Sharifah Arni Syed Jaaffar, Nik Hazimi Mohammed Foziah, A. Tambi, Farah Amalina Md Nawi, M. Mamat, S. Mohammad, W. Daud, Mohd. Sadad Mahmud
Islamic financial institutions apply few mathematical formulas in constructing Islamic home financing models. However, the available products in the markets are deemed to be a burden to the low to medium income earners, while the mortgage takaful only compensates selected cases such as death and total permanent disability without including the protection against those who loss an effort to work. Hence, this study derives a new formula of Islamic home financing where the profit is calculated based on one-third of the total amount of financing, while the new model of mortgage takaful will compensate those who are losing effort to work. Therefore, this study aims to derive a new formula of home financing and mortgage takaful model by using an integrated model.
伊斯兰金融机构在构建伊斯兰家庭融资模型时很少使用数学公式。然而,市场上现有的产品被认为是中低收入者的负担,而抵押贷款只赔偿某些情况,如死亡和完全永久残疾,而不包括对失去工作努力的人的保护。因此,本研究得出了一个新的伊斯兰家庭融资公式,其中利润以融资总额的三分之一计算,而新的抵押贷款偿还模式将补偿那些失去工作努力的人。因此,本研究旨在运用一个整合模型,推导出一个新的住房融资和抵押贷款收益率模型公式。
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引用次数: 23
Enhancing Quality of Education: A Case Study on an International Islamic School 提高教育质量:以一所国际伊斯兰学校为例
IF 1 Q4 MANAGEMENT Pub Date : 2019-01-01 DOI: 10.21315/aamj2019.24.s1.10
R. Islam, Ibrahim Mohd. Haidoub, Kazi Md. Tarique
Private secondary schools that want to gain competitive edge need to search for effective and creative ways to attract, retain and foster stronger relationships with students. The decision of selecting a school by the parents for their kids is based on a multitude of factors that differ from one society to another depending on its culture, economic status, religion and others. The objective of the present research is to identify and prioritize the factors that can enhance the quality of education in an international Islamic school located in Kuala Lumpur from the perspective of parents. The researchers employed both qualitative and quantitative approaches for data collection. The qualitative data were collected through interviewing 10 parents whose kids are currently enrolled in the school, while the quantitative data were collected through a questionnaire survey based on the Analytic Hierarchy Process (AHP). A thematic analysis and AHP were used for analysing the qualitative and quantitative data, respectively. Findings from the thematic analysis resulted in 19 factors; however, only 8 factors with higher frequency were selected to represent the factors expected to enhance the quality of education. The AHP analysis resulted in prioritizing these 8 factors according to parents' judgements. The results show that the Islamic environment represents the most desired factor, followed by quality of teachers and school discipline.
想要获得竞争优势的私立中学需要寻找有效和创造性的方法来吸引、留住和培养与学生更牢固的关系。父母为孩子选择学校的决定是基于多种因素的,这些因素因社会的文化、经济状况、宗教等而有所不同。本研究的目的是从家长的角度,找出吉隆坡一所国际伊斯兰学校能够提升教育品质的因素,并将其优先排序。研究人员采用定性和定量两种方法收集数据。定性数据通过对10名在校生家长的访谈收集,定量数据通过基于层次分析法的问卷调查收集。分别采用专题分析和层次分析法对定性和定量数据进行分析。专题分析的结果包括19个因素;然而,只有8个频率较高的因素被选择来代表期望提高教育质量的因素。AHP分析法根据家长的判断对这8个因素进行排序。结果表明,伊斯兰教环境是最理想的因素,其次是教师质量和学校纪律。
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引用次数: 2
Predictors of employee engagement in Malaysia, and the moderating effects of job demands and total reward 马来西亚员工敬业度的预测因素,以及工作需求和总报酬的调节作用
IF 1 Q4 MANAGEMENT Pub Date : 2019-01-01 DOI: 10.21315/aamj2019.24.s2.3
Akmal Latiff Ayob, Norzanah Mat Nor
As reported by Aon Hewitt in 2015 and 2017, there are still a lot of countries, including Malaysia, that recorded the employee engagement score below the global average value of 65%. Malaysia’s employee engagement score values were recorded at 61% and 59% for years 2015 and 2017, respectively. Low quality condition of new vehicles produced by Malaysia’s national automotive manufacturing companies is potentially caused by non-engaged employees. In academic literature, Job Demand-resource (JD-R) is the most widely used theory in employee engagement study. However, there are still a few gaps associated with the theory (i.e., inconsistence finding). In addressing the research gaps, this present study aims to examine whether job-related variables (i.e., job characteristics and job demands), personal-related variable (i.e., positive psychological capital), and environmental-organisational related variable (i.e., total reward) influence employee engagement. The relationships among the variables were explained using two selected theories, namely the JD-R theory, and Self Determination theory. This study makes several significant contributions to practitioners and theories especially on the employee engagement context. Generally, findings from the study significantly contributed knowledge to practitioners especially from Malaysia’s national automotive manufacturing companies on the major factors influencing employee engagement for them to understand, describe, and explain. In addition, for the theories, the study added to the general body of knowledge and current research work on the effects of job-related variables Akmal Latiff Ayob and Norzanah Mat Nor 34 (i.e., job characteristics and job demands), personal-related variable (i.e., positive psychological capital), and organisational-environmental related variable (i.e., total reward) on employee engagement.
怡安翰威特(Aon Hewitt)在2015年和2017年的报告显示,包括马来西亚在内的许多国家的员工敬业度得分仍低于65%的全球平均水平。2015年和2017年,马来西亚的员工敬业度得分分别为61%和59%。马来西亚国家汽车制造公司生产的新车质量状况不佳可能是由于员工不敬业造成的。在学术文献中,工作需求-资源(Job Demand-resource, JD-R)理论是员工敬业度研究中应用最广泛的理论。然而,该理论仍然存在一些空白(即不一致发现)。为了解决研究空白,本研究旨在检验工作相关变量(即工作特征和工作要求)、个人相关变量(即积极心理资本)和环境组织相关变量(即总奖励)是否影响员工敬业度。本文选择了两种理论来解释变量之间的关系,即JD-R理论和自我决定理论。本研究对实践者和理论,特别是对员工敬业度的研究做出了重大贡献。总的来说,研究结果为从业者特别是马来西亚国家汽车制造公司的从业者提供了关于影响员工敬业度的主要因素的知识,供他们理解、描述和解释。此外,在理论方面,本研究对工作相关变量(即工作特征和工作要求)、个人相关变量(即积极心理资本)和组织环境相关变量(即总奖励)对员工敬业度的影响的一般知识体系和当前研究工作进行了补充。
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引用次数: 3
Mediating Effect of Corporate Image and Students’ Satisfaction on the Relationship Between Service Quality and Students’ Loyalty in TVET HLIs 企业形象、学生满意度对高职院校服务质量与学生忠诚关系的中介作用
IF 1 Q4 MANAGEMENT Pub Date : 2019-01-01 DOI: 10.21315/AAMJ2019.24.S1.7
Sallaudin Hassan, M. Shamsudin, M. Hasim, Ishamuddin Mustapha, Jimisiah Jaafar, Khairul Firdaus Adruthdin, Athirah Shukri, Sunitawati Karim, Rohaizan Ahmad
The main purpose of this study is to investigate the mediation effect of corporate image and students’ satisfaction on the relationship between service quality and students’ loyalty in technical vocational and education and training (TVET) of higher learning institutes (HLIs). The respondents of this study were final year students from TVET HLIs in Malaysia. Using proportionate stratified sampling and followed by convenience sampling method, 431 questionnaires were distributed to nine higher TVET institutions. From that, 398 questionnaires were used for data analysis using SPSS version 22 and SmartPLS 3.0. The measurement model showed that the constructs were reliable and valid. Meanwhile, the structural model showed that there is a direct and significance relationship among all constructs. Two mediators were tested in this research which were service quality and corporate image. Bootstrapping procedure indicated that there was a direct and significant effect between latent constructs. The mediating test statistically showed that there was a partial mediation of student satisfaction and corporate image on the relationship between Sallaudin Hassan et al. 94 service quality and student loyalty. This research recommended that TVET HLIs should improve the level of service quality, corporate image, and satisfaction to ensure student satisfaction and loyalty.
本研究的主要目的是探讨企业形象和学生满意度在高职教育培训服务质量与学生忠诚关系中的中介作用。本研究的受访者为马来西亚TVET his的最后一年级学生。采用比例分层抽样和随后的便利抽样法,向9所高职院校发放了431份问卷。利用SPSS 22和SmartPLS 3.0对398份问卷进行数据分析。测量模型表明,这些结构是可靠和有效的。同时,结构模型显示各构念之间存在着直接的显著性关系。本研究考察了服务质量和企业形象这两个中介因素。自举过程表明,潜在构念之间存在直接且显著的影响。中介检验统计显示,学生满意度和企业形象对Sallaudin Hassan等94服务质量与学生忠诚的关系存在部分中介作用。本研究建议高职教育机构应提升服务品质、企业形象及满意度,以确保学生的满意度及忠诚度。
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引用次数: 18
期刊
Asian Academy of Management Journal
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