Online Journal of Islamic Management and Finance (OJIMF)

TAWHIDIC EPISTEMOLOGY AND UMMATIC MIND AS STRATEGIC RESOURCES IN ENHANCING SMALL BUSINESS RESILIENCE FOR UMMATIC EXCELLENCE

2025-10-06T07:10:38+08:00

This study advances strategic management theory by integrating Islamic metaphysical constructs into the discourse on organizational resilience. Anchored in Tawhidic epistemology and the Ummatic mind, we explore taqwa (God-consciousness) as a faith-based intangible resource that shapes small business resilience. Drawing on the Resource-Based View (RBV), the study reconceptualizes resilience both as adaptive capacity and as an expression of spiritual and moral coherence. Utilizing a qualitative, interpretive case study approach involving five Malaysian small business owners, the study identified how internalizing taqwa through the Ummatic mind enhances ethical decision-making, stakeholder trust, and long-term strategic orientation. The findings demonstrate that the integration of Islamic metaphysical resources can produce sustained competitive advantage and lead to Ummatic excellence. This paper contributes to the emergent literature on spirituality in management and expanding the RBV by positioning metaphysical constructs as legitimate strategic assets.

MASA DEPAN INDUSTRI HOTEL HALAL DI MALAYSIA DAN INDONESIA: CABARAN DAN PELUANG

2025-10-06T06:40:05+08:00

The halal hotel industry is expanding rapidly on a global scale, particularly in Muslim-majority countries such as Malaysia and Indonesia, which are among the leading destinations for Islamic tourism. This study aims to examine the future of the halal hotel industry by focusing on the challenges and opportunities faced by both countries. A qualitative approach was employed, using thematic analysis based on an extensive review of literature and policy documents related to halal tourism, certification, and consumer trends. The findings identify key challenges such as the lack of standardized halal certification, high compliance costs, and varying levels of awareness and perceptions among consumers regarding halal hotel concepts. Nevertheless, significant opportunities are emerging, including the growing demand from global Muslim travelers, strong governmental support, and the integration of innovative technologies in Shariah-compliant hospitality services. This study is expected to provide valuable insights for policymakers, certification bodies, and hotel operators in formulating strategies to develop a more competitive, sustainable, and Maqasid Shariah-aligned halal hotel industry.

THE ROLE OF ISLAMIC SOCIAL RESPONSIBILITY IN ENHANCING COMMUNITY WELFARE AND SUSTAINABLE DEVELOPMENT

2025-10-06T07:20:38+08:00

This study investigates the role of Islamic Social Responsibility (ISR) in promoting social welfare and sustainable development, highlighting how Islamic principles of justice (‘adl), charity (ihsan), and stewardship (khilafah) provide a holistic foundation for addressing socio-economic challenges. ISR contributes through the redistribution of wealth and support for essential public services—such as poverty alleviation, education, and healthcare—via key instruments like zakat, waqf, and sadaqah. A qualitative approach was employed, combining literature review, case study, and semi-structured interviews with 10 purposively selected participants, including Islamic scholars, policymakers, and financial institution officials. Thematic analysis was used to identify ISR mechanisms, assess them against Sustainable Development Goals (SDGs), and examine implementation barriers. Findings underscore ISR’s potential as a strategic tool for policymakers in addressing current social and economic issues. Future research could explore ISR’s effectiveness across different cultural or economic contexts and assess its integration into national development policies.

أثر الثقافة التنظيمية على الأداء الوظيفي: رؤية إدارية معاصرة

2025-10-06T07:41:16+08:00

This research discussed the impact of organizational culture on job performance from a contemporary management perspective, depending on the concern in organizational culture in the various organizations all around the world because of its positive impact on job performance through adjusting the relationship between these concerned parties and directing the administrative thinking to the organizational, administrative and ethically functional practices in the contemporary business organizations. The study adopted the analytical inductive approach to achieve the research objectives, which are: clarifying the nature of organizational culture and job performance, determining the dimensions of measuring the relationship between them, studying the impact of organizational culture dimensions on job performance, exploring the challenges that hinder the effective application of organizational culture within institutions, and proposing a contemporary vision to enhance the impact of organizational culture on job performance. The research found some results. Organizational culture contributes to cohesion and enhances work quality, growth, and excellence. In addition, it strengthens relationships among employees and fosters loyalty and job satisfaction. Consequently, all these positively influence the competency of job performance. The researcher recommends a shared cultural and social environment should be created to promote interaction, improve communication and collaboration with employees, and establish effective communication channels between leadership and the workforce.

KEY CHALLENGES AND CRITICAL SUCCESS FACTORS FOR THE ISLAMIC BANKING SECTOR OF BANGLADESH

2025-10-06T21:32:23+08:00

This research investigates the challenges faced by Islamic banks in Bangladesh in delivering quality service and identifies the critical success factors (CSFs) needed to overcome those obstacles. Semi-structured online interviews were conducted with a purposive sample of 15 experienced bankers from Islamic banks across Bangladesh. Most participants have over 18 years of experience in the field, and their insights offer valuable perspectives on macro and microeconomic challenges. The qualitative analysis of the interviews highlighted five significant challenges and 29 related CSFs. Key challenges include inadequate governance, limited access to capital markets and financial investment, liquidity issues, a lack of Islamic banking products and services, and employees' need for more knowledge about Islamic banking. Understanding these challenges and their CSFs can facilitate Islamic banks in effectively allocating resources, improving their operational performance, and achieving a sustainable competitive advantage. This, in turn, can pave the way for a brighter, more prosperous future for Islamic banking in Bangladesh. By implementing these strategic interventions, Islamic banks can strengthen their role in the wider economic landscape, promoting a more prosperous future for the industry.

KEY CHALLENGES AND CRITICAL SUCCESS FACTORS FOR THE ISLAMIC BANKING SECTOR OF BANGLADESH

2025-10-08T07:38:58+08:00

EXPLORING ISLAMIC FINANCE AS A TOOL FOR MITIGATING AGRICULTURAL RISKS

2025-10-07T01:30:38+08:00

Agricultural financing plays a critical role in ensuring food security and economic stability in many developing countries. However, farmers face numerous financial risks, including fluctuating commodity prices, climate change, and access to affordable credit. This study aims to revisit Islamic financial principles and systems to explore their potential in addressing the financial risks faced by farmers in Sri Lanka. Islamic finance, with its emphasis on risk-sharing and ethical investment, offers unique opportunities for developing innovative solutions adapted to the agricultural sector. This study has analyzed the applicability of Islamic financial instruments such as Murabaha, Mudarabah, and Salam contracts in agricultural financing in Sri Lanka. By examining the strengths and limitations of these instruments, the research has presented financial resilience and sustainability for farmers. Ultimately, this research aimed to contribute to the broader discourse on sustainable agricultural finance by highlighting the relevance of Islamic finance in mitigating financial risks and fostering inclusive growth in the agricultural sector in Sri Lanka.

RISK-BASED CAPITAL AND TAKAFUL INSURANCE PERFORMANCE: THE MODERATING ROLE OF FIRM SIZE

2025-10-07T02:02:03+08:00

This study examines the impact of Risk-based Capital (RBC) on Takaful's financial performance, focusing on company size as a moderation factor. The RBC value is an insurance company's benchmark in assessing the ability to meet insurance and reinsurance commitments. Overall, a good RBC level can reinforce a company's value advantage. Based on resource-based theory, which discusses the value possessed by a company, it is explained that the size of a company can provide a positive prospectus signal for investors in terms of the health and performance of the company. The research methodology used in this study is Moderated Regression Analysis (MRA) with a quantitative approach. This research is focused on Islamic insurance companies in Indonesia that have received permits from the Financial Services Authority (OJK) from 2019 to 2023. The results of this study show that the amount of RBC allocation has a significant effect on the financial performance of Islamic insurance companies (takaful) in Indonesia. However, the size of the company does not moderate the influence of RBC on the financial performance of takaful companies in Indonesia. Insurance companies, both large and small, must be able to effectively allocate RBCs so that companies can meet claims obligations and maintain the stability of the company's financial health. RBC can assist insurers in formulating more effective risk management strategies so that insurers can increase customer and stakeholder confidence and maximize their financial performance.