This paper is proposing a conceptual framework to explore the effect of waqf management performance and religiosity with the mediating effect of trust on the intention on cash waqf contribution, the Theory of Reasoned Action is adopted as a theoretical background for this proposal, as the perception of the contributors will be representing the Attitude, the religiosity will be representing the subjective norm, and the intention to contribute to waqf is representing the intention to behave. Many waqf studies highlighted the importance of cash waqf, but only a few of them highlighted what triggers the contributors to act. Keywords: Waqf, Cash Waqf, Religiosity, Trust, Waqf Contribution

The issue of high reliance on debt has raised major concern especially since its impact has been linked to the several corporate problems in United States’ big corporation ssuch as Enron and Lehman Brothers. On a wider scope, the impact of debt may also be evidenced by the Greek Depression in the year 2009. Various studies have been conducted to explain which factors determine debt of the firms, given different setting of periods, countries and methodologies. Uniquely, this study focuses on the firms which stocks are Shari’ah approved in accordance to the Malaysia’s Securities Commission guidelines. This study covers a balanced panel of 239 Shariah approved firms listed on the Bursa Malaysia for the period of analysis from 2000 to 2014. To meet its objective, this study employs a static panel regression model which includes the pooled OLS, random effect model (REM) and fixed effect model (FEM). The study also conducts a robustness test to the empirical model. Several factors have been examined and the result shows that certain firm-specific variables like growth opportunity, size, bankruptcy risk, non-debt tax shield (NDTS) and Herfindahl-Hirschman Index are significant determinants of a firm’s debt.Also macro variables such as inflation, GDP and economic crisis are also found to be significant determinants of Shariah approved firms’ debt. In contrast with the prior studies that focuses on the non-Shariah approved firms, the output from this study provides new insight and understanding on the debt determinants of Shariah approved firms.

This study aims to assess the impact of Securities Commission (SC) of Malaysia 2013 revised Shariah approved firms screening method in relation to the levels of debt and the Shariah- approved firms’ performance. Panel regressions were employed to examine the impact for firms that are consistently Shariah-approved as determined by the SC of Malaysia.The period of study is 2000 to 2014. There gression result indicatesa non-monotone association between Shariah-approved firms’ performance and debt levels. The optimum level of debt, however, is much higher than the 33% benchmark set by SC. Hence, it can be concluded that the 2013 revised Shariah- approved firms screening method which introduced the 33% debt ratio benchmark did not improve the performance of Shariah-approved firms for the period studied. Nevertheless, since the observations are only until 2014, it is possible that the observations have not capture the true impact of the change.

Halal market becomes one of the most profitable market at present and has shown promising growth particularly in Malaysia. The concept of halal is not only limited to food consumption, but also covers halal tourism which consists of halal hotels, halal transport (airlines), halal restaurants, halal tour packages and halal finance. Majority of tourists got information through travel websites, social media, blogs, travel agencies and advertising. This signifies the importance of digital marketing as the internet has changed the way people communicating and interacting with each other. This study aims to explore the concept of digital marketing and its potential in enhancing marketing strategies for halal tourism provider based on critical review of literature. Halal tourism providers have been encouraged to improve their tourism promotion signifying the importance of digital promotion to increase global outreach of halal tourism services.

High reliance on debt proved contributes to the downfalls of large U.S. corporations such as Enron (2001), Lehman Brothers (2008) as well as during the 2009 Greek depression. Given the current uncertainty in the global economic condition, it is important to examine the return from debt in order to ascertain the optimal use of debt. Thus, this paper aims to assess the impact of the debt level on the performance of Shariah-approved firms listed on Bursa Malaysia. Various studies have been conducted to explain the influence of debt on the firm’s performance, given different sets of periods, countries, methodologies as well as the selection of the variables. However, less attention is given to the Shariah approved firms. Uniquely, this study focuses on the consistent Shariah approved firms only, for the period of 2000 to 2014 according to Malaysia’s Securities Commission. Our main explanatory variable is debt ratio and several firm characteristics, industry characteristics, as well as economic variables, are chosen as a controlled variable. ROA is chosen as a firms performance proxy. This study employs a panel linear regression model which includes the pooled OLS, random effect model (REM) and fixed effect model (FEM). Our analysis proved that debt is not a robust determinant to determine the performance of Shariah approved firms in Malaysia. However, several controlled variables such as growth, size and Z-score are found robust to determine Shariah approved firms’ performance. Our analysis also found that there is a variation in terms of debt structure of the Shariah approved firms in Malaysia and our further analysis revealed that variation in debt structure contributes differently to the performance of the firms. The output from this study provides new insight and understanding in determining the relationship between performance and debt of Shariah approved firm in Malaysia specifically. This study largely contributes in terms of the sampling selection in which a firm must be consistently Shariah approved during the period of analysis.

This study aims to examine to what extent and how effective Islamic Accounting and Finance education sustainability has been at the university level. The integration of element sustainability into the curriculum has received increasing concern over the years as the debate continue being discussed into recognizing the Islamic Accounting and Finance education to be linked with the professional market. Thus, it is very important to explore the extent of sustainability of Islamic Accounting and Finance in the curriculum as to be at par with the emerging field of ecological economics and understanding the new concept of business role in this technological advance society as the emergence of terms such as Big Data, Blockchain, Cryptocurrency represents the challenges facing by the graduates recently. This paper presents a quantitative study through online surveys to determine the perceptions by graduates on the extent and adequacy of Islamic Accounting and Finance sustainability in their syllabus conducted at their universities. There is consensus from the participants on the current state of sustainability education within the Malaysia universities of Islamic Accounting and Finance courses. However, the findings highlighted that the integration is not wide enough, and the sustainability is not in sufficient depth. In addition, the findings reflected that it is significant for sustainability to be included in the syllabus at Malaysia universities. Based on the research findings, it appears that the inclusion of Financial Technology (Fintech) ecosystem play roles in sustaining the Islamic Accounting and Finance education to stay relevant in reducing the number of talent shortage in Malaysia. The role of academicians plays important role in integrating the sustainability at universities and there has been lacking evidences that show work performed on the current state of sustainability in Islamic Accounting and Finance education in Malaysian universities. Given the future challenges that will be face by the future graduates, thus it is important at the education level to equip the graduates to meet the demands by the industry. This study provides perceptions at graduate’s level as this is very crucial area to know their perspective on the sustainable of Islamic Accounting and Finance curriculum for further development can be made in meeting the challenges they are facing with the industry demand.

Technological advances, globalization and shifting demographics are just a few of the forces profoundly tipping the scales of supply and demand in today’s global workforce. Taken together, these forces are creating a growing talent shortage that is posing a very real threat to sustainable business success. This paper highlighted the need to re-energize the Islamic talent through the sustainability of Islamic Accounting Finance education. The study covered the initiatives made by the government as the effort to increase the bar for the human resource professionals and business leaders to stay ahead of the curve on the talent development strategies and initiatives. Previous literatures are reviewed to find out the challenges faced by the industry in fulfilling the insufficiencies and the need to re-energize the Islamic talent through the education. The study found some challenges that pay close attention to shifting trends and recognizing the forces that are changing market dynamics. As the findings of this report highlight, institutions that take a long-term focus to their future talent needs will emerge as the winners in the war for talent.

The purpose of this paper is to identify the target capital structure and the speed of adjustment of Shariah approved firms listed on the Bursa Malaysia. The paper also examines the influence of firm, industry and macroeconomic determinants affecting the target capital structure. Shariah approved firms which consistently maintain their Shariah status as per the Securities Commission (SC) of Malaysia requirement, from year 2000 to 2014 are chosen as the sample of analysis. The paper employs a dynamic panel data technique specifically the Generalized Method of Moments (GMM) that is robust to the heterogeneity and endogeneity issue. The study found the existence of target capital structure of Shariah approved firms in Malaysia and in terms of speed of adjustment, Shariah approved firms are under-adjusted. Several factors seemed to have significant impact on the target capital structure ranging from the firm, industry and macroeconomic determinants. The study contributes largely in the sampling selection that focuses only on the Shariah approved firms which consistently maintain their Shariah status from the year 2000 to 2014.