Claim Missing Document
Check
Articles

Found 5 Documents
Search

Monetary Policy, Debt and the Cyclical Behavior of Inventories Ismail, Abdul Ghafar; Bahari, Zakaria
Gadjah Mada International Journal of Business Vol 9, No 1 (2007): January - April
Publisher : Master of Management, Faculty of Economics and Business, Universitas Gadjah Mada

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (241.203 KB)

Abstract

An earlier study on the determinants of inventories investment has been proposed by Lovel (1961). However, the study fails to mention the effects of financial variables. The puzzle prevails on account of imperfect capital markets. This implies that interest rate generally affects inventory investment indirectly through the debt channel. For instance, in the period of tight monetary policy, increasing interest rates have a negative impact on the present value of firms’ collateralizable net worth. In addition, they also weaken firms’ balance sheets as interest expenses also rise up. In imperfect capital markets, this fact indicates an increase in the amount of external financing that firms need, a rise in the premium on external financing that they face, and a reduction in their accumulation of assets, their spending and their production. Given the low adjustment cost that characterizes firms, it will be inventories that firms will initially reduce. Therefore, this paper is contributes to the issue of monetary policy transmission in Malaysia. Our specific attention is limited to the channel of monetary policy on a firm’s inventory. Using micro data, we try to take into account the relevance of the firm’s balance sheet conditions in the transmission of monetary policy.
STUDY OF DIRECT RELATIONSHIP DETERMINANTS ON THE SELECTION OF MUSYARAKAH MUTANAQISAH (MM) PRODUCTS Bahari, Zakaria; Hatizal, Nor; Doktoralina, Caturida Meiwanto
International Journal of Supply Chain Management Vol 8, No 5 (2019): International Journal of Supply Chain Management (IJSCM)
Publisher : International Journal of Supply Chain Management

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (942.766 KB)

Abstract

This study analyses the direct relationship of determinantsâ??both intrinsic and extrinsic factorsâ??affecting the selection of Musyārakat Mutanāqiá¹£at (MM) house financing products. Intrinsic factors include factors of confidence in sharia compliance value and factors regarding the knowledge level of potential customers. Extrinsic factors include MM product characteristics such as service quality, costs, product benefits and promotions. MM products are emphasised in this study because of their many benefits, including lowering the burden of customersâ?? monthly payloads, a relatively shorter monthly payment period and increased benefits and profits for both banks and customers. Data were collected from 100 MM customers in Malaysia via the Internet (Facebook) and analysed using Structural Equation Modeling (SEM-SMART PLS) and the Statistical Package of Social Sciences (SPSS) software. The findings show that only the factors of promotion and religious compliance are significant when selecting MM products; in fact, the influence of promotional factors had a greater impact than the influence of religious compliance. Therefore, Islamic banks are urged to increase their promotional strategies in order to provide information about the role of religious law in selecting Islamic banking products, thus helping customers choose MM products that satisfy their needs while also meeting religious demands.
Sustainable Development of Wakaf In Higher Education Anuar, Ahmad Shaifull; Bahari, Zakaria; Doktoralina, Caturida Meiwanto
Journal of Islamic Economics and Social Science (JIESS) Vol 4, No 1 (2023)
Publisher : Universitas Mercu Buana

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.22441/jiess.2023.v4i1.001

Abstract

The development of higher education wakaf at the Higher Education Institution (IPTA) and the Private Higher Education Institute (IPTS) has been increasingly driven by the education ministry's push. The development of this higher education wakaf can also be implemented in a variety of ways based on agreements that have been discussed among the parties involved. Although the development of the wakaf of higher education is still new, it can be scrutinized to study its sustainability. Against this scenario, this paper is written with the goal of identifying sustainable development of endowment at Universiti Putra Malaysia (UPM), International Islamic University Malaysia (IIUM) and ISDEV, Universiti Sains Malaysia (USM). This study is a form of exploration and the data used is derived from a document study. Hence, the findings of this study will explain further the sustainability of the development of wakaf higher education at the institution and this information will be useful to the relevant parties especially the community who are aware of the progress of the implementation of the institution
Mobilisation of Income Zakat Payment In Indonesia Doktoralina, Caturida Meiwanto; Bahari, Zakaria; Abdullah, Sakinatul Raadiyah
IKONOMIKA Vol 3, No 2 (2018)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/febi.v3i2.3659

Abstract

The objectives of the study establish a conceptual framework to strengthen institutions that support the mobilisation of paying zakat and to identify the concept of the cultural factor of mutual assistance in paying zakat. This is Important because the institution of zakat has implemented the collection of zakat. Meanwhile, the culture of mutual assistance in Indonesia can be a power of zakat payment mobilisation to gain the blessings of Allah SWT. This paper presents the factors of determining mobilisation of zakat payments, e.g., are awareness, willingness to donate, confidence in collection and distribution with the latest development of technology. The implication of this study will help mobilise the payment of income zakat in Zakat Institutions. This study uses the documentation analysis method. Factors affecting mobilisation are awareness, willingness to donate, confidence in collection and distribution with the latest development of technology to help mobilise the payment of income zakat in Zakat Institutions. Keywords : Collection, Mobilisation, Payment, Sincerity, Zakat
The Diversity Of Waqf Implementations for Economic Development in Higher Education Shaifull Anuar, Ahmad; Bahari, Zakaria; Doktoralina, Caturida Meiwanto; Indriawati, Fitri; Nugroho, Lucky
IKONOMIKA Vol 4 No 1 (2019)
Publisher : Universitas Islam Negeri Raden Intan Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.24042/febi.v4i1.3808

Abstract

ABSTRACTThe development of higher education in Malaysia is multiplying based on the increasing numbers of Public Higher Learning Institutions (IPTA) and Private Higher Learning Institutions (IPTS). This increase has encouraged various parties to collaborate to create a solid foundation and strategy to create IPT to become more competitive. However, the funding factor is still one restraint that IPTs must face. To overcome this problem, one example of IPT is taking the initiative by implementing waqf for higher education in limited institutions. Based on this scenario, the present paper was written to achieve two objectives:The first isto examine the precise development of higher education waqf that has been implemented in IPT in Malaysia. Thesecond isto precisely examine the variety of waqf that can be implemented for higher education. This study is an exploration in which the data used were derived from library research. The findings of this study will develop a theory on the diversification of waqf implementations for higher education in Malaysia. Keywords: Diversity, Economic, Instrument of Waqf, Waqf of Higher Education