{"id":"https://openalex.org/W4366404615","doi":"https://doi.org/10.1108/ijse-06-2022-0441","title":"Social finance, institutional quality and stability of Islamic banks: evidence from four countries","display_name":"Social finance, institutional quality and stability of Islamic banks: evidence from four countries","publication_year":2023,"publication_date":"2023-04-19","ids":{"openalex":"https://openalex.org/W4366404615","doi":"https://doi.org/10.1108/ijse-06-2022-0441"},"language":"en","primary_location":{"id":"doi:10.1108/ijse-06-2022-0441","doi":"https://doi.org/10.1108/ijse-06-2022-0441","is_oa":false,"landing_page_url":"https://doi.org/10.1108/ijse-06-2022-0441","pdf_url":null,"source":{"id":"https://openalex.org/S49131624","display_name":"International Journal of Social Economics","issn_l":"0306-8293","issn":["0306-8293","1758-6712"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Social Economics","raw_type":"journal-article"},"volume":null,"type":"article","is_traditional":true,"indexed_in":["crossref"],"open_access":{"is_oa":false,"oa_status":"closed","oa_url":null,"any_repository_has_fulltext":false},"authorships":[{"author_position":"first","author":{"id":"https://openalex.org/A5002031428","display_name":"Muhammad Rabiu Danlami","orcid":"https://orcid.org/0000-0002-0482-992X","observed_orcids":["https://orcid.org/0000-0002-0482-992X"]},"institutions":[{"id":"https://openalex.org/I189462010","display_name":"Universiti Brunei Darussalam","ror":"https://ror.org/02qnf3n86","country_code":"BN","type":"education","lineage":["https://openalex.org/I189462010"]}],"countries":["BN"],"is_corresponding":false,"raw_author_name":"Muhammad Rabiu Danlami","raw_affiliation_strings":["Department of Accounting and Finance, Universiti Brunei Darussalam, Gadong, Brunei Darussalam"],"raw_orcid":"https://orcid.org/0000-0002-0482-992X","affiliations":[{"raw_affiliation_string":"Department of Accounting and Finance, Universiti Brunei Darussalam, Gadong, Brunei Darussalam","institution_ids":["https://openalex.org/I189462010"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5032504236","display_name":"Muhamad Rahmani Abduh","orcid":"https://orcid.org/0000-0002-1918-6525","observed_orcids":["https://orcid.org/0000-0002-1918-6525"]},"institutions":[{"id":"https://openalex.org/I189462010","display_name":"Universiti Brunei Darussalam","ror":"https://ror.org/02qnf3n86","country_code":"BN","type":"education","lineage":["https://openalex.org/I189462010"]}],"countries":["BN"],"is_corresponding":false,"raw_author_name":"Muhamad Abduh","raw_affiliation_strings":["Department of Accounting and Finance, Universiti Brunei Darussalam, Gadong, Brunei Darussalam"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Department of Accounting and Finance, Universiti Brunei Darussalam, Gadong, Brunei Darussalam","institution_ids":["https://openalex.org/I189462010"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5063111482","display_name":"Lutfi Abdul Razak","orcid":"https://orcid.org/0000-0003-1681-0895","observed_orcids":["https://orcid.org/0000-0003-1681-0895"]},"institutions":[{"id":"https://openalex.org/I189462010","display_name":"Universiti Brunei Darussalam","ror":"https://ror.org/02qnf3n86","country_code":"BN","type":"education","lineage":["https://openalex.org/I189462010"]}],"countries":["BN"],"is_corresponding":false,"raw_author_name":"Lutfi Abdul Razak","raw_affiliation_strings":["Department of Economics, Universiti Brunei Darussalam, Gadong, Brunei Darussalam"],"raw_orcid":"https://orcid.org/0000-0003-1681-0895","affiliations":[{"raw_affiliation_string":"Department of Economics, Universiti Brunei Darussalam, Gadong, Brunei Darussalam","institution_ids":["https://openalex.org/I189462010"]}]}],"institutions":[],"countries_distinct_count":1,"institutions_distinct_count":1,"corresponding_author_ids":[],"corresponding_institution_ids":["https://openalex.org/I189462010"],"apc_list":null,"apc_paid":null,"fwci":13.9957,"has_fulltext":false,"cited_by_count":42,"citation_normalized_percentile":{"value":0.99162011,"is_in_top_1_percent":true,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":95,"max":100},"biblio":{"volume":"50","issue":"8","first_page":"1186","last_page":"1216"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},"topics":[{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":1.0,"subfield":{"id":"https://openalex.org/subfields/1402","display_name":"Accounting"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T10127","display_name":"Banking stability, regulation, efficiency","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2003","display_name":"Finance"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}},{"id":"https://openalex.org/T11995","display_name":"FinTech, Crowdfunding, Digital Finance","score":0.0,"subfield":{"id":"https://openalex.org/subfields/1404","display_name":"Management Information Systems"},"field":{"id":"https://openalex.org/fields/14","display_name":"Business, Management and Accounting"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/islamic-banking","display_name":"Islamic banking","score":0.746999979019165},{"id":"https://openalex.org/keywords/social-finance","display_name":"social finance","score":0.7829999923706055},{"id":"https://openalex.org/keywords/bank-stability","display_name":"bank stability","score":0.8790000081062317},{"id":"https://openalex.org/keywords/mudharabah","display_name":"mudharabah","score":0.8659999966621399},{"id":"https://openalex.org/keywords/musharakah","display_name":"musharakah","score":1.0},{"id":"https://openalex.org/keywords/zakat","display_name":"zakat","score":0.949999988079071},{"id":"https://openalex.org/keywords/charity","display_name":"charity","score":0.9120000004768372},{"id":"https://openalex.org/keywords/institutional-quality","display_name":"institutional quality","score":0.7590000033378601},{"id":"https://openalex.org/keywords/risk-taking","display_name":"risk-taking","score":0.7919999957084656},{"id":"https://openalex.org/keywords/moral-hazard","display_name":"moral hazard","score":0.8080000281333923},{"id":"https://openalex.org/keywords/adverse-selection","display_name":"adverse selection","score":0.9350000023841858},{"id":"https://openalex.org/keywords/maqasid-al-shariah","display_name":"maqasid al-shariah","score":0.8690000176429749},{"id":"https://openalex.org/keywords/islamic-social-finance","display_name":"Islamic social finance","score":0.5989999771118164},{"id":"https://openalex.org/keywords/bangladesh","display_name":"Bangladesh","score":0.40400001406669617},{"id":"https://openalex.org/keywords/bahrain","display_name":"Bahrain","score":1.0},{"id":"https://openalex.org/keywords/indonesia","display_name":"Indonesia","score":1.0},{"id":"https://openalex.org/keywords/malaysia","display_name":"Malaysia","score":1.0},{"id":"https://openalex.org/keywords/liquidity-risk","display_name":"liquidity risk","score":0.7699999809265137},{"id":"https://openalex.org/keywords/portfolio-risk","display_name":"portfolio risk","score":0.9909999966621399},{"id":"https://openalex.org/keywords/underserved-populations","display_name":"underserved populations","score":0.4959999918937683},{"id":"https://openalex.org/keywords/waqf","display_name":"waqf","score":0.5370000004768372}],"concepts":[{"id":"https://openalex.org/C4445939","wikidata":"https://www.wikidata.org/wiki/Q432","display_name":"Islam","level":2,"score":0.8294426202774048},{"id":"https://openalex.org/C2780202544","wikidata":"https://www.wikidata.org/wiki/Q44454","display_name":"Moral hazard","level":3,"score":0.6738842725753784},{"id":"https://openalex.org/C120527767","wikidata":"https://www.wikidata.org/wiki/Q3196867","display_name":"Debt","level":2,"score":0.5910472869873047},{"id":"https://openalex.org/C183582576","wikidata":"https://www.wikidata.org/wiki/Q184783","display_name":"Market liquidity","level":2,"score":0.5795846581459045},{"id":"https://openalex.org/C2779530757","wikidata":"https://www.wikidata.org/wiki/Q1207505","display_name":"Quality (philosophy)","level":2,"score":0.5624494552612305},{"id":"https://openalex.org/C93225998","wikidata":"https://www.wikidata.org/wiki/Q1941972","display_name":"Moderation","level":2,"score":0.5055427551269531},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.4983384609222412},{"id":"https://openalex.org/C121955636","wikidata":"https://www.wikidata.org/wiki/Q4116214","display_name":"Accounting","level":1,"score":0.480935275554657},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.4624690115451813},{"id":"https://openalex.org/C10138342","wikidata":"https://www.wikidata.org/wiki/Q43015","display_name":"Finance","level":1,"score":0.43294304609298706},{"id":"https://openalex.org/C162324750","wikidata":"https://www.wikidata.org/wiki/Q8134","display_name":"Economics","level":0,"score":0.4024950861930847},{"id":"https://openalex.org/C29122968","wikidata":"https://www.wikidata.org/wiki/Q1414816","display_name":"Incentive","level":2,"score":0.10209205746650696},{"id":"https://openalex.org/C111472728","wikidata":"https://www.wikidata.org/wiki/Q9471","display_name":"Epistemology","level":1,"score":0.0},{"id":"https://openalex.org/C27206212","wikidata":"https://www.wikidata.org/wiki/Q34178","display_name":"Theology","level":1,"score":0.0},{"id":"https://openalex.org/C138885662","wikidata":"https://www.wikidata.org/wiki/Q5891","display_name":"Philosophy","level":0,"score":0.0},{"id":"https://openalex.org/C15744967","wikidata":"https://www.wikidata.org/wiki/Q9418","display_name":"Psychology","level":0,"score":0.0},{"id":"https://openalex.org/C175444787","wikidata":"https://www.wikidata.org/wiki/Q39072","display_name":"Microeconomics","level":1,"score":0.0},{"id":"https://openalex.org/C77805123","wikidata":"https://www.wikidata.org/wiki/Q161272","display_name":"Social psychology","level":1,"score":0.0}],"mesh":[],"locations_count":2,"locations":[{"id":"doi:10.1108/ijse-06-2022-0441","doi":"https://doi.org/10.1108/ijse-06-2022-0441","is_oa":false,"landing_page_url":"https://doi.org/10.1108/ijse-06-2022-0441","pdf_url":null,"source":{"id":"https://openalex.org/S49131624","display_name":"International Journal of Social Economics","issn_l":"0306-8293","issn":["0306-8293","1758-6712"],"is_oa":false,"is_in_doaj":false,"is_core":true,"listed_in":["abdc-b","anvur-scientific","cwts-core","erih-plus","jufo-1","norway-1","poland-40","russia-white-list-2","vabb-shw"],"host_organization":"https://openalex.org/P4310319811","host_organization_name":"Emerald Publishing Limited","host_organization_lineage":["https://openalex.org/P4310319811"],"host_organization_lineage_names":["Emerald Publishing Limited"],"type":"journal"},"license":null,"license_id":null,"version":"publishedVersion","is_accepted":true,"is_published":true,"raw_source_name":"International Journal of Social Economics","raw_type":"journal-article"},{"id":"pmh:oai:RePEc:eme:ijsepp:ijse-06-2022-0441","doi":null,"is_oa":false,"landing_page_url":"https://www.emerald.com/insight/content/doi/10.1108/IJSE-06-2022-0441/full/html?utm_source=repec&utm_medium=feed&utm_campaign=repec","pdf_url":null,"source":{"id":"https://openalex.org/S4306401271","display_name":"RePEc: Research Papers in Economics","issn_l":null,"issn":null,"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":[],"host_organization":"https://openalex.org/I77793887","host_organization_name":"Federal Reserve Bank of St. Louis","host_organization_lineage":["https://openalex.org/I77793887"],"host_organization_lineage_names":[],"type":"repository"},"license":null,"license_id":null,"version":"submittedVersion","is_accepted":false,"is_published":false,"raw_source_name":null,"raw_type":"article"}],"best_oa_location":null,"sustainable_development_goals":[],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":74,"referenced_works":["https://openalex.org/W1490789958","https://openalex.org/W1598676687","https://openalex.org/W1963869155","https://openalex.org/W2027210484","https://openalex.org/W2034301206","https://openalex.org/W2036146620","https://openalex.org/W2042344690","https://openalex.org/W2042978039","https://openalex.org/W2047748935","https://openalex.org/W2050488525","https://openalex.org/W2063207649","https://openalex.org/W2137787185","https://openalex.org/W2148452020","https://openalex.org/W2192638104","https://openalex.org/W2208723545","https://openalex.org/W2211916602","https://openalex.org/W2278341295","https://openalex.org/W2283548229","https://openalex.org/W2463262344","https://openalex.org/W2548992309","https://openalex.org/W2729321297","https://openalex.org/W2730733129","https://openalex.org/W2773116076","https://openalex.org/W2774163887","https://openalex.org/W2809025328","https://openalex.org/W2891965059","https://openalex.org/W2899120991","https://openalex.org/W2901330964","https://openalex.org/W2901578070","https://openalex.org/W2914053899","https://openalex.org/W2924736803","https://openalex.org/W2954663327","https://openalex.org/W2959352652","https://openalex.org/W2967097443","https://openalex.org/W2978461240","https://openalex.org/W2986276372","https://openalex.org/W2990373663","https://openalex.org/W2996570863","https://openalex.org/W2997417717","https://openalex.org/W3003827233","https://openalex.org/W3007314875","https://openalex.org/W3007698146","https://openalex.org/W3008024402","https://openalex.org/W3020929392","https://openalex.org/W3047788343","https://openalex.org/W3048895747","https://openalex.org/W3086057126","https://openalex.org/W3102207683","https://openalex.org/W3108667406","https://openalex.org/W3111771363","https://openalex.org/W3124475774","https://openalex.org/W3127203335","https://openalex.org/W3148008099","https://openalex.org/W3163352126","https://openalex.org/W3164641400","https://openalex.org/W3183699717","https://openalex.org/W3190393995","https://openalex.org/W3199989917","https://openalex.org/W3203191628","https://openalex.org/W3204818143","https://openalex.org/W3206716536","https://openalex.org/W4211047256","https://openalex.org/W4211124240","https://openalex.org/W4212835149","https://openalex.org/W4225121194","https://openalex.org/W4281757938","https://openalex.org/W4283214587","https://openalex.org/W4283378382","https://openalex.org/W4293236875","https://openalex.org/W4306157675","https://openalex.org/W4307854196","https://openalex.org/W4310833029","https://openalex.org/W4317738597","https://openalex.org/W4318476393"],"related_works":["https://openalex.org/W4283378382","https://openalex.org/W3121364713","https://openalex.org/W2588133732","https://openalex.org/W2616818504","https://openalex.org/W7216963190","https://openalex.org/W7099742109","https://openalex.org/W2132810546","https://openalex.org/W2732652360","https://openalex.org/W2185135972","https://openalex.org/W2773877343"],"abstract_inverted_index":{"Purpose":[0],"Islamic":[1,27,87,102,121,179,190,212,242,273,285,300,311,320,324,350,370,376,383,411,421,432,448,473,523,543,560,568],"banks,":[2,103,213],"despite":[3],"being":[4],"Shariah-compliant,":[5],"have":[6,484],"long":[7],"been":[8],"criticized":[9],"for":[10,149,163,284,322,576],"mimicking":[11],"conventional":[12],"banks":[13,28,122,191,321,371,377,449],"in":[14,31,123,372,378,431,502,556],"terms":[15,288,339],"of":[16,54,101,178,200,211,220,227,241,263,272,289,299,310,340,391,410,420,426,471,491,522,530,567],"their":[17,49,540],"products":[18],"and":[19,35,37,42,71,84,98,104,129,133,143,172,187,236,253,315,336,357,386,389,428,435,463,499,513,536,564],"processes":[20],"(Khan,":[21],"2010;":[22],"Kuran,":[23],"1996).":[24],"However,":[25],"several":[26],"do":[29],"engage":[30],"philanthropy":[32],"(":[33,40],"zakat":[34,215,235,514,537],"charity)":[36],"risk-sharing":[38,462],"financing":[39,174,433],"mudarabah":[41,171,186,510],"musharakah":[43,173,188],")":[44],"instruments":[45,303,327,353,414,563],"that":[46,170,185,277,296,328,407,483],"better":[47,469],"meet":[48],"raison":[50],"d'etre,":[51],"the":[52,93,99,135,138,144,150,161,164,176,197,204,209,217,221,225,239,270,292,297,308,334,343,365,387,398,408,418,424,472,489,496,520,528,547,557,565],"fulfillment":[53],"Maqasid":[55],"al-Shariah":[56],"(Jatmiko":[57],"et":[58,80,439],"al":[59,81,440],".,":[60,82,441],"2023).":[61],"These":[62],"contracts,":[63],"however,":[64],"are":[65],"more":[66,193,375],"susceptible":[67],"to":[68,159,192,307,333,367,450,495,519,538],"moral":[69],"hazard":[70],"adverse":[72],"selection":[73],"problems":[74],"than":[75],"traditional":[76],"debt-based":[77],"finance":[78,97,118,275,302,326,352,413,532,562],"(Azmat":[79],"2015)":[83],"may":[85],"impair":[86],"bank":[88],"stability.":[89,264,545],"This":[90,465,525],"paper":[91],"explores":[92,527],"relationship":[94,558],"between":[95,131,559],"social":[96,117,274,301,325,351,384,412,481,531,561],"stability":[100,177,210,240,309,419,566],"whether":[105],"institutional":[106,201,550],"quality":[107,226,390,551],"moderates":[108],"this":[109,577],"relationship.":[110],"Design/methodology/approach":[111],"Using":[112],"hand-collected":[113],"annual":[114],"data":[115,162,362],"on":[116,461,488,509,542],"from":[119],"12":[120,369],"four":[124],"countries:":[125],"Bangladesh,":[126],"Bahrain,":[127],"Indonesia":[128],"Malaysia,":[130],"2006":[132],"2019,":[134],"authors":[136,182,548],"employ":[137],"feasible":[139],"generalized":[140],"least":[141],"squares":[142],"panel-corrected":[145],"standard":[146],"errors":[147],"methods":[148],"analysis.":[151],"The":[152,167,181,244,403,572],"Stata":[153],"version":[154],"16":[155],"software":[156],"was":[157,229,251],"used":[158,230,252],"analyze":[160],"study.":[165],"Findings":[166],"results":[168,245],"indicate":[169],"raises":[175],"banks.":[180,222,243,286,312,422,524,569],"also":[183],"found":[184],"expose":[189],"risk-taking":[194,218],"behavior":[195,219],"amidst":[196],"conditioning":[198],"effect":[199],"quality.":[202],"On":[203],"other":[205,348,447,455],"hand,":[206],"charity":[207,237,535],"induces":[208],"while":[214],"increases":[216],"Further,":[223,546],"when":[224,248,256],"institutions":[228],"as":[231,261,355,477,516,552],"a":[232,281,468,485,553],"moderator,":[233],"both":[234],"induced":[238],"were":[246,259],"robust":[247,255],"liquidity":[249],"risk":[250],"partially":[254],"portfolio":[257],"risks":[258],"employed":[260],"measures":[262],"Research":[265],"limitations/implications":[266],"One":[267],"concern":[268],"regarding":[269],"application":[271],"is":[276,304,579],"it":[278,478],"might":[279],"be":[280,467],"risky":[282],"strategy":[283],"In":[287,338],"research":[290,341],"implications,":[291],"available":[293,404,580],"evidence":[294,405],"suggests":[295,406],"use":[298,409,549],"not":[305,318,346,416],"detrimental":[306],"Hence,":[313],"regulators":[314],"policymakers":[316],"should":[317,445],"penalize":[319],"using":[323,454],"help":[329],"provide":[330,451],"financial":[331,452],"solutions":[332,453],"underserved":[335],"unserved.":[337],"limitations,":[342],"study":[344,526],"could":[345,396],"include":[347],"relevant":[349],"such":[354],"waqf":[356],"qard":[358],"al-hassan":[359],".":[360],"Furthermore,":[361],"availability":[363],"restricts":[364],"analysis":[366],"only":[368],"fourcountries.":[373],"As":[374],"different":[379],"countries":[380],"venture":[381],"into":[382],"finance,":[385],"quantity":[388],"information":[392],"improve,":[393],"future":[394],"studies":[395,506],"explore":[397],"issue":[399],"further.":[400],"Social":[401],"implications":[402],"does":[415],"worsen":[417],"Given":[423],"dominance":[425],"sale-":[427],"lease-based":[429],"contracts":[430,457],"(Aggarwal":[434],"Yousef,":[436],"2000;":[437],"\u0160eho":[438],"2020),":[442],"these":[443],"findings":[444],"encourage":[446],"Shariah-compliant":[456],"including":[458],"those":[459],"based":[460],"philanthropy.":[464],"would":[466],"reflection":[470],"banks\u2019":[474,544],"value":[475],"proposition":[476],"helps":[479],"boost":[480],"activities":[482,490],"high":[486],"impact":[487,529,541],"small":[492],"businesses,":[493],"contributing":[494],"real":[497],"economy":[498],"promoting":[500],"well-being":[501],"society.":[503],"Originality/value":[504],"Previous":[505],"mainly":[507],"relied":[508],",":[511],"mushakarah":[512],"separately":[515],"they":[517],"relate":[518],"performance":[521],"which":[533],"includes":[534],"examine":[539],"moderating":[554],"variable":[555],"Peer":[570],"review":[571,574],"peer":[573],"history":[575],"article":[578],"at:":[581],"https://publons.com/publon/10.1108/IJSE-06-2022-0441":[582]},"counts_by_year":[{"year":2026,"cited_by_count":22},{"year":2025,"cited_by_count":17},{"year":2024,"cited_by_count":3}],"updated_date":"2026-11-10T11:39:43.021295","created_date":"2023-04-21T00:00:00"}