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Aṣ-Ṣadaqah Al-MunaẓẒAmah (Institutionalised Ṣadaqah) And Social Welfare Programmes In Al-Hayat Relief Foundation, Nigeria, Oyekolade Sodiq Oyesanya, Asif Olatubosun Azeez

Journal of King Abdulaziz University: Islamic Economics

Conventional fiscal mechanisms in Nigeria have struggled to address persistent multidimensional poverty and financial exclusion, necessitating the development of alternative institutional models. Aṣ-Ṣadaqah al-Munaẓẓamah (institutionalised Ṣadaqah) presents a promising model for resource mobilisation and sustainable community support, yet empirical assessments of its effectiveness remain limited. This study assessed the capacity of aṣ-Ṣadaqah al-Munaẓẓamah to promote socio-economic development, using Al-Hayat Relief Foundation as a case study. A convergent parallel mixed-methods design was adopted, comprising 664 valid quantitative responses using a census-based sampling and 10 purposively selected staff interviews. Data were gathered through a validated questionnaire, which demonstrated high internal consistency …

The Moderating Effects Of Adc On Quality Service: Analysis Of The Performance Of Islamic And Conventional Banks In Tanzania, Mustafa Omar Mohammed, Mohamed Cherif El Amri, Yussuf Charles Yussuf

Journal of King Abdulaziz University: Islamic Economics

The study has examined how alternative delivery channels (ADCs) moderate service quality and increase customer satisfaction with the services of Islamic banks in comparison to conventional banks in Tanzania. It has adopted a quantitative survey method using a five-point Likert question to collect data from 680 customers of Islamic and conventional banks. The data were analysed using the Structural Equation Modeling (SEM) supported by the Amos software package for data analysis. The main findings reveal that nearly all the six service quality dimensions selected for the study have positive statistical significance on the relationships between customer satistaction and the services …

An Empirical Analysis Of Cooperation Among Muslim Countries: The Case Of Indonesia-Pakistan Preferential Trade Agreement, M Jaenudin, Emil Haraki, Aam Slamet Rusydiana

Journal of King Abdulaziz University: Islamic Economics

This study evaluates the impact of the Indonesia–Pakistan Preferential Trade Agreement (IPPTA) on bilateral trade using the gravity model of international trade. Annual time series data from 1990 to 2023 are analysed through unit root testing, bounds testing, and Autoregressive Distributed Lag (ARDL) estimation to examine both short- and long-run effects. The model includes four variables: bilateral trade, GDP of Indonesia and Pakistan, geographical distance, and a dummy variable for IPPTA to compare trade performance before and after the agreement’s implementation. The results indicate that Indonesia’s GDP has a positive and statistically significant impact on bilateral trade in both the …

Conundrums In The Realization Of Healthcare And Education Through Waqf In Nigeria, Isa Olawale Solahudeen

Journal of King Abdulaziz University: Islamic Economics

The Sustainable Development Goals (SDGs) 3 and 4 emphasize the importance of good health and quality education, respectively. However, based on available progress report released by Nigerian government, implementations of SDGs 3 (Good Health) and 4 (Quality Education) in the country were not promising. The unpleasant situation requires collaborative efforts of private sector. Meanwhile, waqf, an Islamic philanthropic instrument, has the potential to contribute significantly to the realization of these goals in Nigeria. Several conundrums hinder the effective utilization of waqf for healthcare and education. This paper identifies and examines some challenges ranging from lack of awareness, parochialism, religious …

Investigating Factors Influencing Customer Satisfaction To Boost Islamic Mobile Banking Adoption In Indonesia, Abdurrahman Abdurrahman, Mohamad Anton Athaillah, Yadi Janwari, Asti Meiza

Journal of King Abdulaziz University: Islamic Economics

This study examines the factors influencing the adoption of Islamic Mobile Banking (IMB) in Indonesia, focusing on technological, innovative, reputational, and Sharīʿah compliance dimensions. Using a quantitative approach with Partial Least Squares Structural Equation Modelling (PLS-SEM), data were collected from 312 IMB users to assess both direct and mediating relationships among the variables. The findings reveal that perceived usefulness, firm reputation, innovation, and Sharīʿah compliance significantly and positively influence customer satisfaction, with Sharīʿah compliance emerging as the most dominant factor. Conversely, ease of use, though positively associated, does not significantly affect satisfaction, suggesting that functionality, trust, and ethical conformity outweigh …

Assessing Universal Basic Income: An Islamic Historical And Maqāṣidī Perspective, Abdulazeem Abozaid, Saqib Hafiz Khateeb

Journal of King Abdulaziz University: Islamic Economics

The constant concern for ensuring that the basic needs of every human are met has prompted various steps with an aim to promote equality. This concern has eventually led to an increasing demand to guarantee a reasonable standard of living. Some economists have recently revisited the concept of Universal Basic Income (UBI) that has caught the interest of some governments and policy makers. This paper investigates the concept of UBI from historical, legal (Islamic), and Maqāṣidī perspectives. It traces the conceptual origins of UBI back to the Islamic society since the early Islamic history. Adopting a conceptual–analytical methodology, the paper …

A Very Long-Term Analysis Of Cash Awqaf In Eastern Thrace: Capital, Socioeconomic Groups, And Temporal Shifts, 1544-1917, Bora Altay

Journal of King Abdulaziz University: Islamic Economics

This study examines the institutional and financial dynamics of cash Awqaf in the Eastern Thrace region of the Ottoman Empire, presenting a long-term quantitative analysis that extends beyond Istanbul. This analysis aims to clarify the evolution of capital levels, founders’ profiles, and the functions of cash Awqaf from the sixteenth to the early twentieth centuries. To address the paucity of regional data, a novel dataset encompassing cash Awqaf in Edirne, Kırklareli, and Tekirdağ from 1544–1917 was developed. The analysis integrates the longitudinal trends in waqf capital with the socioeconomic characteristics of the founders and the evolving allocation of waqf revenues. …

Bridging Governance Gaps In Islamic Banking: Palestine And Malaysia Compared, Murad Ayesh Ali Obaid, Abdulmajid Obaid Hasan Saleh, Fahd Mohammed Obad Al-Shaghdari

Journal of King Abdulaziz University: Islamic Economics

This study focuses on the most important governance issues that Islamic banking institutions in Palestine are experiencing and discusses what can be learnt from the Malaysian experience in helping to better govern Islamic banking institutions to improve governance efficiency, adherence to SharīÊ¿ah and regulatory oversight. Using a qualitative approach, research is based on the data collected from interviews with experts, document analysis and comparative case studies of both jurisdictions. The results indicate that lack of a centralised authority to monitor them, lack of professional expertise and the inadequate specified internal frameworks greatly constrain the effectiveness of governance in Palestinian Islamic …

Foreign Bank Competition And Financial Stability In Dual Banking Systems: Evidence From Islamic And Conventional Banks In Indonesia, Alwahidin La Pade, Alija Avdukic, Husain Insawan, Novita Kusuma Maharani

Journal of King Abdulaziz University: Islamic Economics

This study investigates how foreign bank presence affects financial stability, focusing on the differences between Islamic and conventional banks operating in Indonesia. Using a fixed-effects regression model of panel data of 108 banks over ten years (18 Islamic banks and 90 conventional banks), the Z-score is the dependent variable of stability, and foreign presence is assessed through foreign bank assets (FBA) and foreign bank number (FBN). This research finds that growing foreign bank number (FBN) positively affects stability, while growing foreign bank assets (FBA) negatively affects stability in the short run. In addition, Islamic banks are more stable than conventional …

Environmental Sustainability In The Prophetic Sunnah: A Foresight Perspective, Usama Abdul Majid Alani

Journal of King Abdulaziz University: Islamic Economics

This research investigates the role of the Prophetic Sunnah in advancing environmental sustainability by analyzing the teachings and practices of the Prophet Muhammad that advocate for the conservation of natural resources and the protection of the rights of future generations. The study focuses on three key dimensions: the conceptual foundations of sustainability within the Sunnah, practical Prophetic directives such as tree planting and water management, and the potential of these teachings to inform contemporary environmental policies. The findings indicate that the Sunnah presented a forward-thinking model of sustainability, emphasizing resource preservation and responsible consumption. This is evidenced by concrete measures, …

Decision Under Risk And Uncertainty In Fiqh And Economics, Muhammad Anas Bin Mustafa Al- Zarqa, Mohammed Bin Ibrahim Al-Suhaibani

Journal of King Abdulaziz University: Islamic Economics

This paper examines the concept of acting upon conjecture (ẓann) through an interdisciplinary lens, integrating Islamic jurisprudence and modern economic theory. It focuses on decision-making under conditions of risk and uncertainty, distinguishing between risk—which is quantifiable—and uncertainty, which relies on subjective judgment. The study explores behavioral attitudes toward risk (aversion, neutrality, and preference) and their implications for strategic decision-making. From a jurisprudential standpoint, the paper highlights the epistemic limitations of human knowledge, particularly regarding the unseen (ghayb), and the consequent reliance on probabilistic reasoning in Islamic legal thought. It compares classical epistemic categories (yaqīn, ẓann, shakk, wahm, and muḥāl) with …

Takaful Insurance In The Palestinian Territories: Reality And Development Mechanisms, Ismaeil Mohammad Shindi Amayreh, Kifah Abdul Qader Al Ssuwari

Journal of King Abdulaziz University: Islamic Economics

This study aims to investigate Takaful insurance in the Palestinian territories, as one of the most important financial cases that has gained prominence on the Palestinian economic landscape following the establishment of Islamic banking. This study provides a comprehensive analysis of the current state of Takaful insurance, identifying obstacles and challenges that hinder its growth in Palestine. Given the distinct socio-economic and political circumstances in Palestine, and in an attempt to create practical mechanisms for the development of Takaful insurance in this region, the study aims to promote the role of Takaful insurance in fostering public confidence. Takaful offers insurance …

Observance Of Economic Values In Andalusian Nawazil Heritage And Its Impact On Rationalizing Commercial Conduct: Deriving General Foundations And Their Applications In Branches And Specific Cases, Ahmed El Kadaoui

Journal of King Abdulaziz University: Islamic Economics

This research falls within the context of establishing a value system that governs and directs commercial behavior in an era where economic actions are driven by the hegemony of profit and wealth, and are detached from ethical oversight, leading to the spread of negative values in the markets that were previously uncommon to the public. The research aims to shed light on economic values from an Islamic perspective and their ability to guide commercial behavior. The research also seeks to bridge the gap between the operational environment of commercial behavior and the theoretical framework of these values from the perspective …

Drop Shipping From The Perspective Of Financial Transactions: A Fiqh Study On Its Concept And Characterization, Sara Ali Ahmad Al-Hiary

Journal of King Abdulaziz University: Islamic Economics

Electronic selling has become a fundamental aspect of contemporary life. The flexibility of Islam accommodates this practice as long as it serves the interests of the people, facilitates their lives, and does not involve anything forbidden by a definitive text or general rule. This research aims to shed light on drop shipping sales, a new type of sale that is similar to Murabaha sale which Islamic jurists have deemed lawful as they fall under the general permissibility of selling and trading to fulfill people’s needs, provided that there is no gharar, darar, or Riba involved and that regulations and laws …

Spiritual Education In The Thought Of Imam Al-Mu’Allimi, Adel Ahmed Ali Haidan

Journal of King Abdulaziz University: Educational and Psychological Sciences

Imam Abdulrahman Al-Mu’allimi focuses in his approach on spiritually nurturing the Muslim individual through achieving seven fundamental aspects. Such process starts with correcting beliefs, as he thinks that proper faith is as the foundation upon which true belief is built. He emphasizes that it is important to perform the obligations of Islam, considering them essential pillars for the development of both individuals and societies. He also stresses that supererogatory deeds must be maintained to be closer to Allah and to strengthen the spiritual connection with Him.

Imam Abdulrahman Al-Mu’allimi places great importance on avoiding sins, viewing them as obstacles to …

Virtual Currencies From A Fiqhi Perspective, Musleh Abdulhai Alnajjar, Nawal Minawir Almutairi

Journal of King Abdulaziz University: Arts and Humanities

This research comes to address the issues, problems, and emerging financial realities of the era, as each era has its own renewed issues that previous jurists did not talk about. It is necessary for students of knowledge with well-established jurisprudential abilities to strive hard in it, otherwise this will lead to the isolation and freezing of society. This research also contributes to laying one of the building blocks in the foundation of the close bond between the science of jurisprudence and the emerging jurisprudential developments in our current era. It highlights the role of Islamic jurisprudence and its principles as …

Potential Of Institutional Zakāh Management In Socio-Economic Development Of Bangladesh, Md. Muhibur Rahman

Journal of King Abdulaziz University: Islamic Economics

This article presents a comprehensive analysis of the potential of Bangladesh's institutionalized Zakāh system in driving socio-economic advancement. The research meticulously evaluates the impact of the Zakāh fund, managed by both institutional and non-institutional entities, in providing substantial financial capital and income-generating assets. It aims to draw a clear comparison between the two systems, highlighting the institutional model's ability to ensure long-term self-sufficiency, income generation, employment opportunities, and support for training and scholarships. This study employs a descriptive-analytical strategy to facilitate these comparisons. The data for the current study were obtained through comprehensive field research. A total of 385 individuals …

Social Reporting By Saudi Islamic Banks: A Longitudinal Approach, Faisal A. Otaibi

Journal of King Abdulaziz University: Islamic Economics

This study aims to assess the social reporting practices of Saudi Islamic Banks (IBs) over a 15-year period. It seeks to evaluate the effectiveness with which Saudi IBs meet their social reporting expectations, including Sharīʿah disclosure requirements. A longitudinal content analysis method was utilized, underpinned by a specifically developed research instrument that is culturally relevant and reflects the unique characteristics of Islamic banking. This approach allows tracking of changes over an extended period and captures the dynamic nature of disclosure practices influenced by both internal ethical mandates and external regulatory pressures. The findings reveal a moderate disclosure rate of 51.11% …