Hassanuddeen Abd. Aziz

Macroeconomic variables and the Malaysian equity market: A view through rolling subsamples

Analyzes dynamic linkages between stock prices and four macroeconomic variables for the case of Malaysia using standard and well‐accepted methods of cointegration and vector autoregression. Empirical results suggest the presence of a long‐run relationship between these variables and the stock prices and substantial short‐run interactions among them. In particular, documents positive short‐run and long‐run relationships between the stock prices and two macroeconomic variables. The exchange rate, however, is negatively associated with the stock prices. For the money supply, documents immediate positive liquidity effects and negative long‐run effects of money supply expansion on the stock prices. Also notes the predictive role of the stock prices for the macroeconomic variables. However, there seems to be irregularity in the data when observations from the recent crisis are included. Finally, documents the disappearance of the immediate positive liquidity effects of the money supply shocks and unstable interactions between the stock prices and the exchange rate over time.

Shari’ah issues in Islamic banking: a qualitative survey in Malaysia

Purpose - – The purpose of this paper is to examine the customers’ perception regarding the current Design/methodology/approach - – The study uses a qualitative approach to understand in detail the customers’ perception and experiences about Findings - – The findings revealed that the interviewees have considerable exposure and awareness of the current criticisms of the Originality/value - – This research is the first to study the

The future prospects of Islamic banking in Tunisia: an empirical survey

Purpose – The purpose of this paper is to examine the readiness of the Tunisian customers to adopt Islamic banking services, and the factors that might influence their decision. Design/methodology/approach – A total of 100 questionnaires were randomly distributed to Tunisian banking customers. structural equation modelling and one sample t-test were subsequently applied. Findings – The results revealed that the attitude dimensions have a significant impact on the Tunisian customers’ intention to adopt Islamic banking services. On the other hand, the results have also shown that the Tunisian customers are willing to shift to Islamic banking services. Originality/value – These findings have significant contributions that are discussed thereinafter.