Shariah compliance status and value of analysts’ recommendation revisions: evidence ...

“We find that analysts’ recommendation revisions that are not directly related to earnings announcements lead to stronger price reactions. This finding implies that analysts’ private research embodies more valuable information than earnings announcements. Therefore, asset ...

Reset and Reform

Malaysia remains an upper-middle-income nation. It seems our gross domestic product (GDP) per capita is stagnating despite our overall GDP increasing. It means growth is generated mainly from population growth rather than an improvement in ...

Rethinking Islamic Economics

  Abstract The emergence of Islamic viewpoints on economic issues under the umbrella of Islamic economics has captivated much interest especially in its practical manifestation in Islamic banking and finance. In light of the failure ...

`Eiduladha Sacrifice and the COVID-19 Pandemic

Sacrifice or Kurban in Bahasa Melayu has many intrinsic meanings. Let’s look at it from these different perspectives: Kurban as a religious ritual which is the act of sacrifice worship or religious ritual of sacrificing ...

Moratorium 2.0: When the going gets tough, the tough would ...

There are two words of wisdom that I would like to quote, firstly from Henry Ford: “Business must be run at a profit, else it will die. But when anyone attempts to run a business ...

Diving into the Stock Market

The picture above is of the main entrance to Bursa Malaysia’s building located at the Exchange Square in Kuala Lumpur. Bursa Malaysia is an Exchange that regulates individuals and licensed bodies that conduct stock businesses ...

Half-baked Moratorium Equals Half-baked Results

The loan moratorium, as announced in MCO 1.0, had technical problems, confusing eligibility criteria and left out key details such as whether interest would be charged during the moratorium period and so on. This confusion ...

Competition, diversification, and stability in the Indonesian banking system

Abstract We examine the impact of competition and portfolio diversification on banking stability for conventional and Islamic banks in Indonesia. We find that the Islamic banking sector is less stable, when compared to the conventional ...

Digital Technology To The Rescue

COVID-19 is a black swan event that has turned back the global poverty clock. Millions have lost their jobs overnight and have no way to find employment due to the lockdown measures taken to adequately ...