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International Journal of Islamic Economics and Finance Studies
Number of Followers: 3

This is an Open Access Journal

Open Access journal
ISSN (Print) 2149-8393 - ISSN (Online) 2149-8407
Published by PESA

[1 journal]

Examining the Differences Between Perceptions, Religiosity Levels and
Halal Food Purchasing Intentions of X, Y and Z Generation Consumers
Towards Halal Foods
- Authors: Mustafa Kemal YILMAZ; İsmail Can ALBAYRAK
  Abstract: This study is a study to examine the differences between the perceptions the level of their religiosity, and purchase intentions for halal food of the X, Y and Z generation consumers living in Samsun and Cologne. The concepts related to halal and haram are firstly mentioned in the study. In addition to this, There are some information about halal food market and halal certification in the world. Also explanations about generation concepts and the definition of X, Y and Z generations and typical consumption behaviors of these generations are given in the study. In the second part of the study it is analyzed whether there is any difference between the attitudes, the level of their religiosity, perceived behavioral controls, subjective norms, halal awareness and purchase intentions towards halal food of the X, Y and Z generation consumers living in Samsun and Cologne. As a result of the difference analyzes done between Samsun and Cologne in terms of the generations, it has been determined that the X, Y and Z generations in Samsun differ from the X, Y and Z generations in Cologne in terms of religiosity, perceived behavioral control, subjective norms and purchase intention for halal food. In terms of halal awareness, there are some differences in Y and Z generations of both cities but there isn’t any difference between X generation of both cities. When the attitudes towards halal food are analyzed; while the X and Y generations in Samsun and the X and Y generations in Cologne differ, there is no difference in terms of the Z generation.
  PubDate: Fri, 29 Jul 2022 00:00:00 +030
A Critical Review of the Thresholds of Sharia Screening for Stocks
- Authors: Batuhan Buğra AKARTEPE
  Abstract: Capital markets represent the second main application area of Islamic finance after the banking sector. The most important instrument traded in these markets is stocks. The character of companies is important on the legitimacy (shariah compliance) of investing in stocks. The fact that the companies with a completely Shariah compliant structure are few in number brings about investing in mixed companies that carry out Shariah non-compliant activities even though their main activity is legitimate. Depending on this necessity, companies are allowed to carry out financial activities that do not comply with Shariah principles to a certain extent. In this context, thresholds are used within the scope of Shariah screening to determine the level of non-compliant elements to Shariah in the company. There are two different approaches to determining thresholds; the minority-majority-centered approach and the necessity-centered approach. The first approach uses Shar'i evidence showing the less or more borderline when setting thresholds for all analysis of Shariah screening. The necessity-centered approach, on the other hand, focuses on determining the amount of necessity based on market data. Both methods contain methodological problems in the threshold determination processes. This study aims to reveal the problems of both methods and to propose the sectoral necessity-centered method as an alternative.
  PubDate: Fri, 29 Jul 2022 00:00:00 +030
A Comparative Evaluation of The Role of Fiqh in Islamic Finance
- Authors: Muhammed Beşir ÇALIŞKAN
  Abstract: After the glorious empires in the past, Muslim societies could not continue the same development in the modern period. It is a common understanding that Muslims cannot follow economic developments and that these developments are prevented due to their social structure. Fiqh has been addressed as one of the reasons for this situation, even the most important one, in economic thought. Fiqh, which has a structure that directly affects the lives of Muslims due to its position in Islamic geography, has a role that prevents the emergence of modern capitalism. It becomes a subject of criticism because it prevented the transformations brought by capitalism in Muslim societies and could not transform itself. It is argued that the legal institution in the Western world has gone through the necessary transformations and strengthened the foundations of the emerging economic system, but Fiqh could not achieve the same situation. Considering this issue in terms of institutional economics, the first thing to do is examine Fiqh's role in societies where it is applied. Fiqh is a branch of science that has the ability to change its judgment with the change of time in the face of problems that arise with an issue-oriented attitude. The problems faced by different nations in different regions have been resolved. Thus, in terms of institutional economics, it could not be possible to declare Fiqh unsuccessful by measuring it with the criteria applied to Western societies. On the other hand, it has been argued in Islamic economic studies that the flexibility of Fiqh leads to practices that cannot be morally approved. It does not seem appropriate to evaluate Fiqh independently from morality because of its normative nature, it also includes moral elements. The ulama dealing with the science of Fiqh did not make such a distinction. Today's practices also explain this situation. As a result, although not as much as before, Fiqh continues to play an essential role in Islamic societies as a vital institution.
  PubDate: Fri, 29 Jul 2022 00:00:00 +030
The History of Islamic Public Finance through the Eyes of Globetrotter:
The Travels of Ibn Jubair
- Authors: Şahin YEŞİLYURT
  Abstract: This study examines the travel book written by Ibn Jubair in terms of Islamic public finance history. There is an intense interest in Islamic economics today. However, this interest unfortunately only focuses on certain areas such as Islamic finance by neglecting the history of Islamic public finance. Therefore, there is a gap in the literature in terms of Islamic public finance history. To contribute to the filling of this gap, the present study deals with Ibn Jubair's travel book from the perspective of Islamic public finance history. In his book, Ibn Jubair argued the elements that make up public finance, from public revenues to public expenditures and the administration of public finances. Heavy taxes and unfair practices against taxpayers were the subjects that Ibn Jubair strongly criticized. Ibn Jubair, for instance, used definitions of heinous, damned, and iniquitous about customs duties on pilgrims. On the other hand, Ibn Jubair, who also elaborated on the types of public spending, attached great importance to the spending made by foundations and wealthy people in the society for financing public spending. As a result, it is regarded that these resources used in the financing of public spending can also contribute significantly to today’s economy.
  PubDate: Fri, 29 Jul 2022 00:00:00 +030

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