International Journal of Management Research and Emerging Sciences
Purpose: The paper aims to access the impact of financial transparency and disclosure on stock ma... more Purpose: The paper aims to access the impact of financial transparency and disclosure on stock market capitalization. The financial transparency and disclosure measure the extent to which the firms have open firm-specific information for the investors. More transparency leads to strong investor protection. Design/methodology: The study has been conducted on the Pakistan Stock Exchange from period 2008 to 2017. Descriptive Statistics, Correlation, and Regression Analysis have been used to find out the impact of the above-mentioned variables on the Stock market Capitalization. Findings: The results support our hypothesis that information disclosure and strength of investor protection has a positive significant impact on market capitalization. Research Limitation: While our study focuses on the significance of information disclosure and transparency, it does not measure the quality and accuracy of the information disclosed. Practical Implication: The results might be of interest to po...
This research paper investigates the mediatory effect of Individually Perceived Stress in the dir... more This research paper investigates the mediatory effect of Individually Perceived Stress in the direct relationship of high accomplishment work practices and financial performance of Firm. This research narrates different mechanisms and procedure through which work practices enhances firm performance. Cross Sectional research design is opted for data collection purpose. Data is collected from 500 employees of banking industry and analysis of data is done through Confirmatory Factor Analysis and Multiple Regression Analysis. The analysis of collected data shows that Individually Perceived Stress significantly affects the direct relationship of High-Performance Work Practices and Firm Financial Performance. Stress changes the direction of implemented practices in opposite direction due to which resultant results doesn’t match with the desired results. This paper contributes to literature by responding to the long waiting call for explaining importance of stress in high performance work ...
Journal of Business and Social Review in Emerging Economies, 2021
Purpose: The presence of female members on boards is quite enigmatic. Almost every academic autho... more Purpose: The presence of female members on boards is quite enigmatic. Almost every academic author argues that female directors’ contribution in the board room is positive and significant, and their presence, improves organizational performance. This study purpose is to figure out the link between female members and organizational performance. Design/Methodology/Approach: For the purpose, Partial least square method of regression is used to develop the relationship. The measurement and structural model and theories are used to codevelop the formative constructs. Secondary data is used and collected from Pakistan stock exchange. Those KSE-100 companies are used in which female directors were there in any year from 2005 till 2012. Findings: The results reveal that there was a negative relationship, empirically, which strengthened the notion that female directors in Pakistan are just the cosmetic face of board of directors and more female directors on board hinder the firm performance...
Journal of Accounting and Finance in Emerging Economies, 2021
Purpose: Corporate governance and management of working capital are seen as two main fields of co... more Purpose: Corporate governance and management of working capital are seen as two main fields of corporate finance. The purpose of the research study is to examine the interrelationships between corporate governance, working capital management and performance of the firm.Design/Methodology/Approach: Sample consists of 140 non-financial firms listed on the Pakistan Stock Exchange from 2008 to 2015. Data has been analyzed by using structural equation model. Mediating effects of managing working capital have been tested by using the approach suggested by Preacher and Hayes (2008).Findings: The findings revealed that current ratio partially mediates the effect of size of the board and CEO role duality whereas fully mediates the Impact of a concentration of ownership on firm results. The other variable of working capital management i.e. cash conversion cycle has not shown any mediating effect in Corporate governance and the relationship between firm results. For the other relationship the ...
Economic growth has been known to foster human development for long term economic stability. The ... more Economic growth has been known to foster human development for long term economic stability. The evidence of bi-causality in the human development and economic growth nexus is however limited. This paper builds on the reverse causality between human development and economic growth in context of Pakistan, with the moderating impact of political stability. The study applies OLS and VECM on the data collected from World Bank Database from year 2006 to 2018. Our findings exhibit empirical evidence related to endogenous growth models and a significant causal relationship between human development and economic growth, moderated by political stability. The relationship is further explained by trajectories of happiness, health and income redistribution. Our findings suggest efficient reallocation of resources towards human development to address post pandemic growth concerns.
Journal of Accounting and Finance in Emerging Economies, 2020
Purpose__ The research provides an insight in to the most popular debate around the globe about t... more Purpose__ The research provides an insight in to the most popular debate around the globe about tax compliance. The research focusses on SMEs in premises of Bahawalpur division, Pakistan, by proposing a reliable solution for interstitial gaps existing between tax authorities and compliance behavior of taxpayers. It expands the Fisher model of compliance (1992) and deploys it as a base by adding new variables namely Power of authority, Tax audit and Electronic filing. The data has been statistically analyzed by using SPSS through running test of correlation and regression. Positive correlation and causation were established among variable leads to analysis of data through Ordinary Least Square (OLS), which ratify the role of attitude and perception as moderator in overall relationship. Results show that Power of authority directly influence compliance behavior while other two variables indirectly effects the relationship through moderator, thus nurturing the voluntary behavior of tax...
Journal of Accounting and Finance in Emerging Economies, 2020
This paper builds on Capital Asset Pricing Model (CAPM) and its ability to validate market and fi... more This paper builds on Capital Asset Pricing Model (CAPM) and its ability to validate market and firm specific risk. The effort is aimed at ascertaining the role of bankruptcy risk in determining the cost of capital in firms and its impact on corporate valuation. We also attempt to replace and analyze disparity of systematic and unsystematic components of risk with bankruptcy and risk of future liquidity. A similar study has recently been carried out in Indian market by Shirur (2013) for checking the validity of beta and cumulative risk measurement for identifying the presence of bankruptcy risk. This research may be the first attempt at analyzing such semantics with data from Pakistan. Therefore, the current study attempts to investigate the role of bankruptcy risk in determining the cost of capital in corporate valuation and the need of segregating systematic risk and unsystematic risk into liquidity risk and bankruptcy risk. The findings of this study suggest that unsystematic risk...
Journal of Business and Social Review in Emerging Economies, 2020
Savings is potential solution to consume the scarce resources in an efficient way, which helps la... more Savings is potential solution to consume the scarce resources in an efficient way, which helps large scale production, improved productivity of the labor and result in increased economic development. The purpose of this study is to examine how macroeconomic indicators like GDP growth rate, income, inflation rate and interest rate affect gross national savings rate of Pakistan and how political stability influence the relationship between these four macroeconomic indicators and savings rate. Using 10 years macroeconomic data of Pakistan from year 2006-2015, multiple regression analysis technique was run and it was found that all four macroeconomic indicators significantly affects the savings rate. Income appeared to be strongest predictor in causing an increase in the savings rate. Although GDP found to be have an inverse relationship with savings rate. Political stability appeared to be non-significant in influencing the relationship between macroeconomic factors and savings rate.
Journal of Accounting and Finance in Emerging Economies, 2020
This paper aims to examine the differences in financial resilience of Islamic and Conventional Co... more This paper aims to examine the differences in financial resilience of Islamic and Conventional Commercial banks with respect to the short term and long-term perspectives to pliability. The selected banks are compared on their resilience quotient exhibited by Liquidity Coverage Ratio (LCR) and Z-Scores. This study evaluates cross country panel data of 157 listed and non-listed licensed Islamic banks located in 22 countries and same number of their conventional commercial counterparts, through a period of 1998 to 2018. The data were collected through BANKSCOPE database and World Bank publications. Ratio analysis and Multiple Regression analysis were applied on data to analyze the extent of resilience of both Islamic and Conventional banks.The findings suggest that there are considerable differences in short term and long term resilience quotient of Islamic and Conventional commercial banks. Where Islamic banks have relatively enervated position than Commercial banks on liquidity front...
This purpose of this study was to examine the impact of microfinance on women empowerment and soc... more This purpose of this study was to examine the impact of microfinance on women empowerment and social mobility of women in the under privileged region of Bahawalpur located in south Punjab. The study uses a sample of 772 female clients of two active microfinance institutions, NRSP and Apna bank. A comprehensive questionnaire was used for the survey and results were analyzed through smart PLS. Findings of results suggested that Microfinance is an efficient tool in facilitating social mobility and financial empowerment in women belonging to the region of Bahawalpur. The value and originality of the paper rests with its use of social mobility as a determinant of well being and enhancement in standard of living.
Journal of Business and Social Review in Emerging Economies, 2018
The study is an endeavor to calculate the mobility of wealth across generations. The study is aim... more The study is an endeavor to calculate the mobility of wealth across generations. The study is aimed to provide useful insights in the determinants of wealth linked in a manner that enables the calculation of wealth at single point in time (i.e. at the age of the eighteen and at the age of thirty). Pakistan is a developing country with high unemployment rate, slow economic growth, inefficient Zakat system, and increasing poverty rate. Pakistan is facing different problem to achieve the sustainable development goals. The 21th century goals are to eradicate extreme poverty and hunger, insure environmental sustainability, reduce corruption rate, inclusive economy, concentration of wealth, equal distribution of wealth. The proposed framework of intergenerational wealth mobility will help to minimize the poverty, evasion of taxation system, effective and efficient Zakat system as well as reduces the level of money laundering and corruption rates in Pakistan. In a while examine by (Shehza...
Journal of Business and Social Review in Emerging Economies
Purpose: The main purpose of this study is to explore those psycho-social factors which are affec... more Purpose: The main purpose of this study is to explore those psycho-social factors which are affecting the usage of credit cards in the present day. Furthermore, it is also aimed to investigate the impact of those factors like parental involvement, religiosity, impulsivity, compulsivity, locus of control, social status, customer attitude and financial distress on credit card usage in the context of Pakistan. Design/Methodology/Approach: For the purpose, the questionnaire has developed and distributed among users of credit cards in Bahawalpur region of Pakistan. This research is quantitative in nature and a probability sampling technique has been used to collect data. Moreover, regression analysis is used Findings: The results reveal that parental involvement, compulsivity, and financial distress have a significant impact on credit card usage. However, the study failed to find out any impact of impulsivity, locus of control and religiosity on credit card usage. Similarly, the customer...
Journal of Accounting and Finance in Emerging Economies
Pakistan’s stock market has experienced severe downside volatility after its classification in MS... more Pakistan’s stock market has experienced severe downside volatility after its classification in MSCI’s emerging market index in 2016. Global pandemic, political instability and capital limitations through money laundering control mechanisms have exposed the foundations of capital allocation to an escalating risk of default. The situation prerequisites a review of contentious relationship between drivers of economic growth and stock market expansion. This paper seeks to examine the relationship between non-financial and banal drivers of economic growth and their relative impact on stock market development in Pakistan, building on the fact that financial market development is a direct outcome of economic growth and development of the generic capabilities of production and capital formation through profit trails. GMM approach is used to analyze the contribution of capital formation and allocation through generic productivity and risk allocation mechanism. The paper discusses GDP growth,...
Journal of Business and Social Review in Emerging Economies, 2020
Purpose: This study is intended to find the credit risks in Asset based Sukuk. The risk of defaul... more Purpose: This study is intended to find the credit risks in Asset based Sukuk. The risk of default of Sukuk is called a credit risk. Various risks regarding the Sukuk have been identified. Limitations/Implications: The study focuses on the Sukuk issuances of Pakistan. In the current scenario of Pakistan and the need to finance the Diameer Bahasha Dam and Naya Pakistan Housing Program Sukuk is an attractive option. Pakistan has yet not overcome the energy shortfall, and the environment of Pakistan has been effected by the global changes so for the adoption of cleantech green Sukuk is a most appropriate option. Originality/ Value: There has been a significant contribution of Pakistan in the issuance of Sukuk activity and there are Sukuk defaults too. Yet, in Pakistan the research on Sukuk has not been done. So this study shall add to the literature in Pakistan.
Journal of Business and Social Review in Emerging Economies
The purpose of this study is to assess the response level of individuals concerning Islamic Insur... more The purpose of this study is to assess the response level of individuals concerning Islamic Insurance in Pakistan and to measure its outreach and most pertinent factors affecting customer selection of Islamic Insurance. It also seeks to make informed recommendations on empowering frameworks for the establishment of Takaful insurance through relevant marketing campaigns in Pakistan. The impact of factors like Customer Awareness, Consumer Satisfaction, Risk Perception, Compatibility and Religiosity was checked on Adoption of Islamic Insurance in Pakistan, with the presence of Social Influence as a mediating variable. Data were collected through questionnaire administered to 300 respondents, representing the Muslim community from urban as well as rural areas, of Pakistan. Partial least square-structural equation modeling (PLS-SEM) through Smart PLS3 was used to examine the relationships among pertinent factors in this study. The findings suggest that most respondents are either not awa...
ARTICLE DETAILS ABSTRACT History Revised format: November 2020 Available Online: December 2020 Th... more ARTICLE DETAILS ABSTRACT History Revised format: November 2020 Available Online: December 2020 The purpose of this study is to assess the response level of individuals concerning Islamic Insurance in Pakistan and to measure its outreach and most pertinent factors affecting customer selection of Islamic Insurance. It also seeks to make informed recommendations on empowering frameworks for the establishment of Takaful insurance through relevant marketing campaigns in Pakistan. The impact of factors like Customer Awareness, Consumer Satisfaction, Risk Perception, Compatibility and Religiosity was checked on Adoption of Islamic Insurance in Pakistan, with the presence of Social Influence as a mediating variable. Data were collected through questionnaire administered to 300 respondents, representing the Muslim community from urban as well as rural areas, of Pakistan. Partial least square-structural equation modeling (PLSSEM) through Smart PLS3 was used to examine the relationships among ...
GATR Global Journal of Business Social Sciences Review, 2016
Objective - The purpose of this paper is to elucidate the financial resilience perspective in ban... more Objective - The purpose of this paper is to elucidate the financial resilience perspective in banks, with an aim to distinguish empirically between Islamic and Conventional Commercial Banks with respect to short-term and long-term financial resilience. Methodology/Technique - Panel data analysis of the banks by calculating diagnostics and ratios. Findings - Islamic banks are less resilient with respect to liquidity in the short term, but significantly more resilient in long term than Conventional commercial banks. Novelty - This research paper is an original work of the authors and is unique with respect to the resilience dimension applied to segregate the Islamic banks from Conventional commercial banks. Type of Paper - Empirical Keywords: Islamic bank, Conventional Bank, Financial resilience.
International Journal of Management Research and Emerging Sciences
Purpose: The paper aims to access the impact of financial transparency and disclosure on stock ma... more Purpose: The paper aims to access the impact of financial transparency and disclosure on stock market capitalization. The financial transparency and disclosure measure the extent to which the firms have open firm-specific information for the investors. More transparency leads to strong investor protection. Design/methodology: The study has been conducted on the Pakistan Stock Exchange from period 2008 to 2017. Descriptive Statistics, Correlation, and Regression Analysis have been used to find out the impact of the above-mentioned variables on the Stock market Capitalization. Findings: The results support our hypothesis that information disclosure and strength of investor protection has a positive significant impact on market capitalization. Research Limitation: While our study focuses on the significance of information disclosure and transparency, it does not measure the quality and accuracy of the information disclosed. Practical Implication: The results might be of interest to po...
This research paper investigates the mediatory effect of Individually Perceived Stress in the dir... more This research paper investigates the mediatory effect of Individually Perceived Stress in the direct relationship of high accomplishment work practices and financial performance of Firm. This research narrates different mechanisms and procedure through which work practices enhances firm performance. Cross Sectional research design is opted for data collection purpose. Data is collected from 500 employees of banking industry and analysis of data is done through Confirmatory Factor Analysis and Multiple Regression Analysis. The analysis of collected data shows that Individually Perceived Stress significantly affects the direct relationship of High-Performance Work Practices and Firm Financial Performance. Stress changes the direction of implemented practices in opposite direction due to which resultant results doesn’t match with the desired results. This paper contributes to literature by responding to the long waiting call for explaining importance of stress in high performance work ...
Journal of Business and Social Review in Emerging Economies, 2021
Purpose: The presence of female members on boards is quite enigmatic. Almost every academic autho... more Purpose: The presence of female members on boards is quite enigmatic. Almost every academic author argues that female directors’ contribution in the board room is positive and significant, and their presence, improves organizational performance. This study purpose is to figure out the link between female members and organizational performance. Design/Methodology/Approach: For the purpose, Partial least square method of regression is used to develop the relationship. The measurement and structural model and theories are used to codevelop the formative constructs. Secondary data is used and collected from Pakistan stock exchange. Those KSE-100 companies are used in which female directors were there in any year from 2005 till 2012. Findings: The results reveal that there was a negative relationship, empirically, which strengthened the notion that female directors in Pakistan are just the cosmetic face of board of directors and more female directors on board hinder the firm performance...
Journal of Accounting and Finance in Emerging Economies, 2021
Purpose: Corporate governance and management of working capital are seen as two main fields of co... more Purpose: Corporate governance and management of working capital are seen as two main fields of corporate finance. The purpose of the research study is to examine the interrelationships between corporate governance, working capital management and performance of the firm.Design/Methodology/Approach: Sample consists of 140 non-financial firms listed on the Pakistan Stock Exchange from 2008 to 2015. Data has been analyzed by using structural equation model. Mediating effects of managing working capital have been tested by using the approach suggested by Preacher and Hayes (2008).Findings: The findings revealed that current ratio partially mediates the effect of size of the board and CEO role duality whereas fully mediates the Impact of a concentration of ownership on firm results. The other variable of working capital management i.e. cash conversion cycle has not shown any mediating effect in Corporate governance and the relationship between firm results. For the other relationship the ...
Economic growth has been known to foster human development for long term economic stability. The ... more Economic growth has been known to foster human development for long term economic stability. The evidence of bi-causality in the human development and economic growth nexus is however limited. This paper builds on the reverse causality between human development and economic growth in context of Pakistan, with the moderating impact of political stability. The study applies OLS and VECM on the data collected from World Bank Database from year 2006 to 2018. Our findings exhibit empirical evidence related to endogenous growth models and a significant causal relationship between human development and economic growth, moderated by political stability. The relationship is further explained by trajectories of happiness, health and income redistribution. Our findings suggest efficient reallocation of resources towards human development to address post pandemic growth concerns.
Journal of Accounting and Finance in Emerging Economies, 2020
Purpose__ The research provides an insight in to the most popular debate around the globe about t... more Purpose__ The research provides an insight in to the most popular debate around the globe about tax compliance. The research focusses on SMEs in premises of Bahawalpur division, Pakistan, by proposing a reliable solution for interstitial gaps existing between tax authorities and compliance behavior of taxpayers. It expands the Fisher model of compliance (1992) and deploys it as a base by adding new variables namely Power of authority, Tax audit and Electronic filing. The data has been statistically analyzed by using SPSS through running test of correlation and regression. Positive correlation and causation were established among variable leads to analysis of data through Ordinary Least Square (OLS), which ratify the role of attitude and perception as moderator in overall relationship. Results show that Power of authority directly influence compliance behavior while other two variables indirectly effects the relationship through moderator, thus nurturing the voluntary behavior of tax...
Journal of Accounting and Finance in Emerging Economies, 2020
This paper builds on Capital Asset Pricing Model (CAPM) and its ability to validate market and fi... more This paper builds on Capital Asset Pricing Model (CAPM) and its ability to validate market and firm specific risk. The effort is aimed at ascertaining the role of bankruptcy risk in determining the cost of capital in firms and its impact on corporate valuation. We also attempt to replace and analyze disparity of systematic and unsystematic components of risk with bankruptcy and risk of future liquidity. A similar study has recently been carried out in Indian market by Shirur (2013) for checking the validity of beta and cumulative risk measurement for identifying the presence of bankruptcy risk. This research may be the first attempt at analyzing such semantics with data from Pakistan. Therefore, the current study attempts to investigate the role of bankruptcy risk in determining the cost of capital in corporate valuation and the need of segregating systematic risk and unsystematic risk into liquidity risk and bankruptcy risk. The findings of this study suggest that unsystematic risk...
Journal of Business and Social Review in Emerging Economies, 2020
Savings is potential solution to consume the scarce resources in an efficient way, which helps la... more Savings is potential solution to consume the scarce resources in an efficient way, which helps large scale production, improved productivity of the labor and result in increased economic development. The purpose of this study is to examine how macroeconomic indicators like GDP growth rate, income, inflation rate and interest rate affect gross national savings rate of Pakistan and how political stability influence the relationship between these four macroeconomic indicators and savings rate. Using 10 years macroeconomic data of Pakistan from year 2006-2015, multiple regression analysis technique was run and it was found that all four macroeconomic indicators significantly affects the savings rate. Income appeared to be strongest predictor in causing an increase in the savings rate. Although GDP found to be have an inverse relationship with savings rate. Political stability appeared to be non-significant in influencing the relationship between macroeconomic factors and savings rate.
Journal of Accounting and Finance in Emerging Economies, 2020
This paper aims to examine the differences in financial resilience of Islamic and Conventional Co... more This paper aims to examine the differences in financial resilience of Islamic and Conventional Commercial banks with respect to the short term and long-term perspectives to pliability. The selected banks are compared on their resilience quotient exhibited by Liquidity Coverage Ratio (LCR) and Z-Scores. This study evaluates cross country panel data of 157 listed and non-listed licensed Islamic banks located in 22 countries and same number of their conventional commercial counterparts, through a period of 1998 to 2018. The data were collected through BANKSCOPE database and World Bank publications. Ratio analysis and Multiple Regression analysis were applied on data to analyze the extent of resilience of both Islamic and Conventional banks.The findings suggest that there are considerable differences in short term and long term resilience quotient of Islamic and Conventional commercial banks. Where Islamic banks have relatively enervated position than Commercial banks on liquidity front...
This purpose of this study was to examine the impact of microfinance on women empowerment and soc... more This purpose of this study was to examine the impact of microfinance on women empowerment and social mobility of women in the under privileged region of Bahawalpur located in south Punjab. The study uses a sample of 772 female clients of two active microfinance institutions, NRSP and Apna bank. A comprehensive questionnaire was used for the survey and results were analyzed through smart PLS. Findings of results suggested that Microfinance is an efficient tool in facilitating social mobility and financial empowerment in women belonging to the region of Bahawalpur. The value and originality of the paper rests with its use of social mobility as a determinant of well being and enhancement in standard of living.
Journal of Business and Social Review in Emerging Economies, 2018
The study is an endeavor to calculate the mobility of wealth across generations. The study is aim... more The study is an endeavor to calculate the mobility of wealth across generations. The study is aimed to provide useful insights in the determinants of wealth linked in a manner that enables the calculation of wealth at single point in time (i.e. at the age of the eighteen and at the age of thirty). Pakistan is a developing country with high unemployment rate, slow economic growth, inefficient Zakat system, and increasing poverty rate. Pakistan is facing different problem to achieve the sustainable development goals. The 21th century goals are to eradicate extreme poverty and hunger, insure environmental sustainability, reduce corruption rate, inclusive economy, concentration of wealth, equal distribution of wealth. The proposed framework of intergenerational wealth mobility will help to minimize the poverty, evasion of taxation system, effective and efficient Zakat system as well as reduces the level of money laundering and corruption rates in Pakistan. In a while examine by (Shehza...
Journal of Business and Social Review in Emerging Economies
Purpose: The main purpose of this study is to explore those psycho-social factors which are affec... more Purpose: The main purpose of this study is to explore those psycho-social factors which are affecting the usage of credit cards in the present day. Furthermore, it is also aimed to investigate the impact of those factors like parental involvement, religiosity, impulsivity, compulsivity, locus of control, social status, customer attitude and financial distress on credit card usage in the context of Pakistan. Design/Methodology/Approach: For the purpose, the questionnaire has developed and distributed among users of credit cards in Bahawalpur region of Pakistan. This research is quantitative in nature and a probability sampling technique has been used to collect data. Moreover, regression analysis is used Findings: The results reveal that parental involvement, compulsivity, and financial distress have a significant impact on credit card usage. However, the study failed to find out any impact of impulsivity, locus of control and religiosity on credit card usage. Similarly, the customer...
Journal of Accounting and Finance in Emerging Economies
Pakistan’s stock market has experienced severe downside volatility after its classification in MS... more Pakistan’s stock market has experienced severe downside volatility after its classification in MSCI’s emerging market index in 2016. Global pandemic, political instability and capital limitations through money laundering control mechanisms have exposed the foundations of capital allocation to an escalating risk of default. The situation prerequisites a review of contentious relationship between drivers of economic growth and stock market expansion. This paper seeks to examine the relationship between non-financial and banal drivers of economic growth and their relative impact on stock market development in Pakistan, building on the fact that financial market development is a direct outcome of economic growth and development of the generic capabilities of production and capital formation through profit trails. GMM approach is used to analyze the contribution of capital formation and allocation through generic productivity and risk allocation mechanism. The paper discusses GDP growth,...
Journal of Business and Social Review in Emerging Economies, 2020
Purpose: This study is intended to find the credit risks in Asset based Sukuk. The risk of defaul... more Purpose: This study is intended to find the credit risks in Asset based Sukuk. The risk of default of Sukuk is called a credit risk. Various risks regarding the Sukuk have been identified. Limitations/Implications: The study focuses on the Sukuk issuances of Pakistan. In the current scenario of Pakistan and the need to finance the Diameer Bahasha Dam and Naya Pakistan Housing Program Sukuk is an attractive option. Pakistan has yet not overcome the energy shortfall, and the environment of Pakistan has been effected by the global changes so for the adoption of cleantech green Sukuk is a most appropriate option. Originality/ Value: There has been a significant contribution of Pakistan in the issuance of Sukuk activity and there are Sukuk defaults too. Yet, in Pakistan the research on Sukuk has not been done. So this study shall add to the literature in Pakistan.
Journal of Business and Social Review in Emerging Economies
The purpose of this study is to assess the response level of individuals concerning Islamic Insur... more The purpose of this study is to assess the response level of individuals concerning Islamic Insurance in Pakistan and to measure its outreach and most pertinent factors affecting customer selection of Islamic Insurance. It also seeks to make informed recommendations on empowering frameworks for the establishment of Takaful insurance through relevant marketing campaigns in Pakistan. The impact of factors like Customer Awareness, Consumer Satisfaction, Risk Perception, Compatibility and Religiosity was checked on Adoption of Islamic Insurance in Pakistan, with the presence of Social Influence as a mediating variable. Data were collected through questionnaire administered to 300 respondents, representing the Muslim community from urban as well as rural areas, of Pakistan. Partial least square-structural equation modeling (PLS-SEM) through Smart PLS3 was used to examine the relationships among pertinent factors in this study. The findings suggest that most respondents are either not awa...
ARTICLE DETAILS ABSTRACT History Revised format: November 2020 Available Online: December 2020 Th... more ARTICLE DETAILS ABSTRACT History Revised format: November 2020 Available Online: December 2020 The purpose of this study is to assess the response level of individuals concerning Islamic Insurance in Pakistan and to measure its outreach and most pertinent factors affecting customer selection of Islamic Insurance. It also seeks to make informed recommendations on empowering frameworks for the establishment of Takaful insurance through relevant marketing campaigns in Pakistan. The impact of factors like Customer Awareness, Consumer Satisfaction, Risk Perception, Compatibility and Religiosity was checked on Adoption of Islamic Insurance in Pakistan, with the presence of Social Influence as a mediating variable. Data were collected through questionnaire administered to 300 respondents, representing the Muslim community from urban as well as rural areas, of Pakistan. Partial least square-structural equation modeling (PLSSEM) through Smart PLS3 was used to examine the relationships among ...
GATR Global Journal of Business Social Sciences Review, 2016
Objective - The purpose of this paper is to elucidate the financial resilience perspective in ban... more Objective - The purpose of this paper is to elucidate the financial resilience perspective in banks, with an aim to distinguish empirically between Islamic and Conventional Commercial Banks with respect to short-term and long-term financial resilience. Methodology/Technique - Panel data analysis of the banks by calculating diagnostics and ratios. Findings - Islamic banks are less resilient with respect to liquidity in the short term, but significantly more resilient in long term than Conventional commercial banks. Novelty - This research paper is an original work of the authors and is unique with respect to the resilience dimension applied to segregate the Islamic banks from Conventional commercial banks. Type of Paper - Empirical Keywords: Islamic bank, Conventional Bank, Financial resilience.
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Papers by Areeba Khan