Browsing by Author "NAIM, Asmadi Mohamed"

Now showing 1 - 3 of 3
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    THE NEXUS BETWEEN RATES OF RETURN ON DEPOSITS OF ISLAMIC BANKS AND INTEREST RATES ON DEPOSITS OF CONVENTIONAL BANKS IN A DUAL BANKING SYSTEM: A CROSS COUNTRY STUDY
    (EJ ECONJOURNALS, 2016-08) ABDURRAHEEM, ABDULAZEEZ ADEWUYI; NAIM, Asmadi Mohamed
    The paper investigates the existence of a long-run relationship between conventional interest rates and rates of return on deposit of Islamic banks in the contemporary dual banking systems on a cross-country basis. The study employs ARDL (Autoregressive Distributed Lag) modeling approach to cointegration analysis. The study finds the existence of the long run relationship between rates of return on deposits of Islamic banks and interest rates on deposits of conventional banks during the period 2007 – 2015. The study also finds a bidirectional causal relationship running between rates of return on deposits of Islamic banks and conventional interest rates. The study statistically provides empirical insight into the relationship between the rate of return on deposits of Islamic banks and the conventional interest rate on a cross-country basis using an ARDL model. Keywords: Dual banking, Co-integration, ARDL, Malaysia, Indonesia, Bahrain JEL Classification: G2
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    SUB-SAHARA AFRICA'S INFRASTRUCTURE FUNDING GAP: POTENTIALS FROM SUKUK FINANCING (PROCEEDINGS OF THE 2ND UUM INTERNATIONAL ISLAMIC BUSINESS MANAGEMENT CONFERENCE 2018 - IBMC 2018
    (PUSAT PENGAJIAN PERNIAGAAN ISLAM UNIVERSITI UTARA MALAYSIA SINTOK, KEDAH MALAYSIA, 2018) ABDURRAHEEM, ABDULAZEEZ ADEWUYI; NAIM, Asmadi Mohamed
    Effective lending portfolio construction is one of the most complex problems which the management of financial institutions across the globe has to tackle on a continuous basis. This study investigates the determinants of commercial banks portfolio construction in Nigeria covering a period of 35 years (1977- 2012). The Ordinary Least Square (OLS) technique is used to confirm the appropriate relationship between commercial banks' loans and advances (dependent variable) and lending portfolio determinants proxies by volume of commercial banks deposits, loan to deposits, liquidity ratio, lending rate, investment portfolio, inflation and cash reserve ratio. (independent variables). From the result, the study finds that five variables are significant while commercial banks deposits have the greatest impacts on commercial bank lending construction in Nigeria. However, two of the independent variables including inflation and liquidity ratio are not significant. The study among others recommends that, the Central Bank of Nigeria (CBN) should moderate the Monetary Policy Rate (MPR), promote low lending rate, favourable cash reserves, and liquidity of the banks, so as to facilitate investment and price stability in the economy. This is expected to promote credit expansion and invariably returns and profitability of the deposit money banks in Nigeria.
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    Sub-Sahara Africa’s Infrastructure Funding Gap: Potentials from Sukuk Financing
    (OMJP Alpha Publishing, 2018) ABDURRAHEEM, ABDULAZEEZ ADEWUYI; NAIM, Asmadi Mohamed
    Sub-Sahara African (SSA) region as a large part of the African continent suffers huge infrastructure deficit mainly as a result of the vast funding gap. The negative impact of the infrastructure deficiency continues to constrain socio-economic development and the general well-being of the people of the region. Heavy reliance on the traditional sources of funding by many of the countries in the region has failed to meet ever-growing demands for infrastructural development of the region. Potentials presented by Islamic finance are yet to be exploited by a large number of countries in the region. This study evaluates the depth of utilisation of Islamic capital market using Sukuk instruments as another source of funding to fill the observed funding gap for infrastructure development. This study finds that the use of Sukuk as a long-term financing instrument is still at its infancy stage in the region. The paper, therefore, suggests that the SSA countries can undertake rapid and massive infrastructure developments in the region through the use of Sukuk instruments, thereby eliminating increasing sovereign debt over-hang from the conventional debt market. This study also recommends that policy makers in the region put in place required laws and regulations that will provide enabling environments for effective utilisation of Sukuk instruments for infrastructural development. Similarly, strong political will on the part of the region’s political leaders is essential in nurturing strong institutions that can engender policy continuity to ensure effective and efficient management of infrastructure projects funded by Sukuk instruments. Keywords: Sub-Sahara Africa, Infrastructure deficit, Sukuk