Online Journal of Islamic Management and Finance (OJIMF)

INFLUENCE OF ULŪ AL-ALBĀB ON INNOVATION THROUGH KNOWLEDGE TRANSFER AMONG ICT FIRMS

Suhaimi Mhd Sarif — 2024-10-31

This study investigates the viewpoints of managers in information and communication technology (ICT) firms regarding Ulū al-Albāb influence in promoting innovation through knowledge transfer. This study argues that stickiness in knowledge transfer hindered promotion. However, Ulū al-Albāb reduces stickiness in knowledge transfer among ICT firms for innovation. The study reveals that Ulū al-Albāb with policy instrument aimed at facilitating knowledge transfer for innovation in the advancement of science and technology, encourages knowledge transfer among ICT firms. The study found that the influence of Ulū al-Albāb enable knowledge workers in the ICT firms to effectively employ their wisdom, religiosity, and spirituality to promote the knowledge transfer. Thus, the study suggests that the incorporation of Ulū al-Albāb in the policy instrument with the policies of science and technology parks to promote innovation among ICT firms.

THE EFFECT OF ULU AL-ALBAB-DRIVEN COMPETITIVE INTELLIGENCE (CI) ON THE ORGANISATIONAL PERFORMANCE OF THE INSTITUTIONS OF HIGHER LEARNING (HLIs) IN MALAYSIA: MODERATED BY ORGANISATIONAL FACTORS

Badrul Shahri Basri — 2024-10-31

An effective intelligence is necessary for profit and non-profit entities to formulating strategies and developing plans aim to sustain profitability, financially self-sufficient and competitive advantage. An effective intelligence is not just to acquire key input to the strategic planning for sustainable performance, but also to acquire strategic and accurate data before analysis. Competitive intelligence with ulu al-albab provides a comprehensive view that enhances professionalism by incorporating spirituality for al-falah. Institutions of higher education are crucial to society, particularly in creating skilled and high-quality graduates. Institutions of higher learning play an important to the society especially producing professional and quality graduates and also contributes to the development of the country. This study investigates the effect of competitive intelligence with ulu al-albab on the organisational performance of institutions of higher learning (IHLs) in Malaysia, moderated by organizational factors. The study embedded ulu al-albab, resource-based theory, and knowledge-based theory. 594 institutions of higher learning have been identified and 92 respondents participated in this study. The results suggested that there is a significant effect of ulu al-albab driven competitive intelligence on the organizational performance of IHLs in Malaysia even though without the support from organisational factors such as process and structure and awareness and culture. This study deepens and extends resource-based theory and knowledge-based theory driven by ulu al-albab in giving impact to the competitive intelligence on the organisational performance of institutions of higher learning in Malaysia.

INVESTIGATING THE IMPACT OF A TRAINING PROGRAM TO EVALUATE THE QUALITY OF INDIVIDUAL PERFORMANCE OF ISLAMIC STUDIES STUDENTS AT SULTAN QABOOS UNIVERSITY

Hamdan Salim Said Al Mazidi — 2024-10-31

The current study focuses on investigating the Good Aim training program for students of the Islamic Studies students at Sultan Qaboos University, where the average evaluation continues through several stages that students go through as they activate this process, which are: planning the evaluation, collecting evidence, and issuing justice. Disposing of the judiciary and monitoring the effectiveness of the measures, as a technical study was conducted by 40 students from the Islamic Studies students in Sultan Qaboos. The study population was chosen from the bachelor’s level in its various academic departments. The age of the students ranged from 19 to 22 years. This sample was distributed equally into two groups, one an experimental sample and the other a random control sample. Since the aim of this study is to investigate the effect of a training program to evaluate the quality of Individual performance of students of the Islamic Studies students at Sultan Qaboos University. The students were trained on the evaluation stage processes according to a training program with specific time stages and objectives. The student in the experimental group was trained in these stages according to a number of 10 training sessions distributed over three training hours, including two practical hours and one theoretical hour, taking into account the timetable and the students’ academic circumstances in the college. To verify the effectiveness of the program, a test was developed to determine the extent to which students activated the training program according to technical specifications that were judged by experts in this field. After the process of analyzing and interpreting the results, the results indicated that the training program is effective and achieves the goal of its design in the field of evaluating the quality of students’ individual performance. Islamic Studies students at Sultan Qaboos University.

THE INFLUENCE OF SOCIAL MEDIA MARKETING IN BUILDING TRUSTWORTHINESS AND INTENTION TO DONATE AT CASH WAQF INSTITUTION IN INDONESIA

Muhammad Afif Rifqi Ramadlani — 2024-10-31

This study aims to examines the influence of social media marketing on building trustworthiness of cash waqf institutions (nazhirs of cash waqf) and its mediating effect on the intention to waqf in Indonesia. Conducting a survey approach, data were collected from individuals who have made waqf donations through registered nazhir, which is listed in Badan Wakaf Indonesia (Indonesia Waqf Board) within the last two years. Only individuals who follow nazhir’s social media and have made waqf donation that eligible to participate in this research. The study employs Partial Least Square-Structural Equation Modelling (PLS-SEM) to analyze the relationships of Social Media Marketing (SMM), Nazhir Trustworthiness, and the intention to donate waqf. SMM consists of awareness, informativeness, interactivity, and trendiness. Results from 104 eligible respondents indicate that SMM significantly influences nazhir trustworthiness and intention to waqf in direct path. Furthermore, results also reveal that nazhir trustworthiness plays a role as a partial mediating variable in the relationship between SMM and intention to waqf. The findings suggest that social media marketing is a crucial tool for cash waqf institutions to build trust and encourage waqf contributions, providing valuable insights for policymakers and stakeholders in the waqf sector.

STRATEGY AND SUSTAINABILITY OF BAITUL MAAL WAT TAMWIL IN THE DISRUPTION ERA: EXPERIENCE FROM LOMBOK WEST NUSA TENGGARA

Riduan Masud — 2024-10-31

The services of Islamic financial institutions known as Baitul Mal Wat Tamwil intended to help low-income communities improve their standard of living, have created economic defense for the community in the era of technological disruption. The research aims to investigate Baitul Mal Wat Tamwil's resiliency strategy in the disruption age. In-depth interviews, literature reviews, and observations were the methods used to collect the data for this investigation. The acquired data has been combined and subjected to descriptive qualitative analyses. In the disruption era, it will be crucial for Baitul Maal Wat Tamwil to stay ahead of emerging trends and technologies in the financial industry. This will require a proactive approach to innovation and a willingness to adapt to changing market conditions. By embracing digital transformation and exploring new business models, the organization can position itself as a leader in the industry and continue to thrive in the face of disruption. Additionally, focusing on sustainability and social responsibility will be essential for maintaining a positive reputation and attracting socially conscious customers. Overall, by staying agile and forward-thinking, Baitul Maal Wat Tamwil can navigate the challenges of the disruption era and emerge more vital than ever before

POVERTY ALLEVIATION IN NIGERIA: AN INSIGHT INTO JAIZ BANK ISLAMIC MICROFINANCE SCHEME

Abdullahi Isahi — 2024-10-31

The purpose of this paper is to investigate Jaiz bank Islamic microfinance and poverty alleviation in Nigeria. The paper used qualitative method using exploratory techniques and interview with 15 customers respondents and 3 Jaiz bank executives carried out the research with semi-structured interviews and face-face approach to analyse on how microfinance evolved in poverty alleviation in Nigeria. Jaiz bank microfinance is systematically useful in capacity building and entrepreneurial development of active poor and enhances standard of living of underprivilege. The research goes a long way in reducing the rate of unemployment and empowering potential local communities and reducing difficulties among the poor in Particular in the Northern part of Nigeria. The paper differs from previous studies on the development of microfinance in Nigeria, in sub-Saharan African countries for which research on Islamic microfinance is sparse. The paper is unique in analysing finding and discussing on how microfinance emerged as way of poverty alleviation in the Nigerian context.