{"id":"https://openalex.org/W4400397989","doi":"https://doi.org/10.1108/jiabr-06-2023-0190","title":"The impact of geopolitical risk and COVID-19 pandemic stringency on Sukuk issuance in Malaysia","display_name":"The impact of geopolitical risk and COVID-19 pandemic stringency on Sukuk issuance in Malaysia","publication_year":2024,"publication_date":"2024-07-07","ids":{"openalex":"https://openalex.org/W4400397989","doi":"https://doi.org/10.1108/jiabr-06-2023-0190"},"language":"en","primary_location":{"id":"doi:10.1108/jiabr-06-2023-0190","doi":"https://doi.org/10.1108/jiabr-06-2023-0190","is_oa":false,"landing_page_url":"https://doi.org/10.1108/jiabr-06-2023-0190","pdf_url":null,"source":{"id":"https://openalex.org/S129963087","display_name":"Journal of Islamic accounting and business research","issn_l":"1759-0817","issn":["1759-0817","1759-0825"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["abdc-c","fnege-4","jufo-1","norway-1","poland-70","russia-white-list-2"],"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":"Journal of Islamic Accounting and Business Research","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/A5074826444","display_name":"Nor Balkish Zakaria","orcid":"https://orcid.org/0000-0002-1795-9854","observed_orcids":["https://orcid.org/0000-0002-1795-9854"]},"institutions":[{"id":"https://openalex.org/I4210138650","display_name":"Universiti Teknologi MARA System","ror":"https://ror.org/030847t23","country_code":"MY","type":"education","lineage":["https://openalex.org/I4210138650","https://openalex.org/I82724352"]},{"id":"https://openalex.org/I82724352","display_name":"Universiti Teknologi MARA","ror":"https://ror.org/05n8tts92","country_code":"MY","type":"education","lineage":["https://openalex.org/I82724352"]}],"countries":["MY"],"is_corresponding":false,"raw_author_name":"Nor Balkish Zakaria","raw_affiliation_strings":["Universiti Teknologi MARA (UiTM) Accounting Research Institute, , Shah Alam,"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universiti Teknologi MARA (UiTM) Accounting Research Institute, , Shah Alam,","institution_ids":["https://openalex.org/I4210138650","https://openalex.org/I82724352"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5080986537","display_name":"Kazi Musa","orcid":"https://orcid.org/0000-0002-6686-0199","observed_orcids":["https://orcid.org/0000-0002-6686-0199"]},"institutions":[{"id":"https://openalex.org/I4210138650","display_name":"Universiti Teknologi MARA System","ror":"https://ror.org/030847t23","country_code":"MY","type":"education","lineage":["https://openalex.org/I4210138650","https://openalex.org/I82724352"]},{"id":"https://openalex.org/I82724352","display_name":"Universiti Teknologi MARA","ror":"https://ror.org/05n8tts92","country_code":"MY","type":"education","lineage":["https://openalex.org/I82724352"]}],"countries":["MY"],"is_corresponding":true,"raw_author_name":"Kazi Musa","raw_affiliation_strings":["Universiti Teknologi MARA (UiTM) Accounting Research Institute, , Shah Alam,"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universiti Teknologi MARA (UiTM) Accounting Research Institute, , Shah Alam,","institution_ids":["https://openalex.org/I4210138650","https://openalex.org/I82724352"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5057676656","display_name":"Mohammad Rokibul Kabir","orcid":"https://orcid.org/0000-0003-1186-8043","observed_orcids":["https://orcid.org/0000-0003-1186-8043"]},"institutions":[{"id":"https://openalex.org/I200606013","display_name":"Daffodil International University","ror":"https://ror.org/052t4a858","country_code":"BD","type":"education","lineage":["https://openalex.org/I200606013"]},{"id":"https://openalex.org/I63169043","display_name":"United International University","ror":"https://ror.org/01tqv1p28","country_code":"BD","type":"education","lineage":["https://openalex.org/I63169043"]}],"countries":["BD"],"is_corresponding":false,"raw_author_name":"Mohammad Rokibul Kabir","raw_affiliation_strings":["United International University , Dhaka, and Department of Accounting, Daffodil International University, Birulia, Bangladesh"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"United International University , Dhaka, and Department of Accounting, Daffodil International University, Birulia, Bangladesh","institution_ids":["https://openalex.org/I200606013","https://openalex.org/I63169043"]}]},{"author_position":"middle","author":{"id":"https://openalex.org/A5029446217","display_name":"Farid Ahammad Sobhani","orcid":"https://orcid.org/0009-0008-1208-4666","observed_orcids":["https://orcid.org/0009-0008-1208-4666"]},"institutions":[{"id":"https://openalex.org/I63169043","display_name":"United International University","ror":"https://ror.org/01tqv1p28","country_code":"BD","type":"education","lineage":["https://openalex.org/I63169043"]}],"countries":["BD"],"is_corresponding":false,"raw_author_name":"Farid A. Sobhani","raw_affiliation_strings":["United International University , Dhaka,"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"United International University , Dhaka,","institution_ids":["https://openalex.org/I63169043"]}]},{"author_position":"last","author":{"id":"https://openalex.org/A5086806742","display_name":"Muhammad Rasyid Abdillah","orcid":"https://orcid.org/0000-0001-8520-0391","observed_orcids":["https://orcid.org/0000-0001-8520-0391"]},"institutions":[{"id":"https://openalex.org/I4210124786","display_name":"Universitas Lancang Kuning","ror":"https://ror.org/0283yy536","country_code":"ID","type":"education","lineage":["https://openalex.org/I4210124786"]}],"countries":["ID"],"is_corresponding":false,"raw_author_name":"Muhammad Rasyid Abdillah","raw_affiliation_strings":["Universitas Lancang Kuning , Pekanbaru,"],"raw_orcid":null,"affiliations":[{"raw_affiliation_string":"Universitas Lancang Kuning , Pekanbaru,","institution_ids":["https://openalex.org/I4210124786"]}]}],"institutions":[],"countries_distinct_count":3,"institutions_distinct_count":5,"corresponding_author_ids":["https://openalex.org/A5080986537"],"corresponding_institution_ids":["https://openalex.org/I4210138650","https://openalex.org/I82724352"],"apc_list":null,"apc_paid":null,"fwci":5.4815,"has_fulltext":false,"cited_by_count":11,"citation_normalized_percentile":{"value":0.96107658,"is_in_top_1_percent":false,"is_in_top_10_percent":true},"cited_by_percentile_year":{"min":97,"max":99},"biblio":{"volume":"17","issue":"7","first_page":"1308","last_page":"1323"},"is_retracted":false,"is_paratext":false,"is_xpac":false,"primary_topic":{"id":"https://openalex.org/T11365","display_name":"Islamic Finance and Banking Studies","score":0.9994999766349792,"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":0.9994999766349792,"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/T11059","display_name":"Market Dynamics and Volatility","score":9.999999747378752e-05,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"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/T11711","display_name":"COVID-19 Pandemic Impacts","score":0.0,"subfield":{"id":"https://openalex.org/subfields/2002","display_name":"Economics and Econometrics"},"field":{"id":"https://openalex.org/fields/20","display_name":"Economics, Econometrics and Finance"},"domain":{"id":"https://openalex.org/domains/2","display_name":"Social Sciences"}}],"keywords":[{"id":"https://openalex.org/keywords/sukuk-issuance","display_name":"sukuk issuance","score":0.8309999704360962},{"id":"https://openalex.org/keywords/islamic-finance","display_name":"Islamic finance","score":0.6690000295639038},{"id":"https://openalex.org/keywords/investment-risk","display_name":"investment risk","score":0.8169999718666077},{"id":"https://openalex.org/keywords/lockdown-measures","display_name":"lockdown measures","score":0.6499999761581421},{"id":"https://openalex.org/keywords/sukuk-regulation","display_name":"sukuk regulation","score":0.5099999904632568}],"concepts":[{"id":"https://openalex.org/C89623803","wikidata":"https://www.wikidata.org/wiki/Q12184","display_name":"Pandemic","level":5,"score":0.7557790875434875},{"id":"https://openalex.org/C3008058167","wikidata":"https://www.wikidata.org/wiki/Q84263196","display_name":"Coronavirus disease 2019 (COVID-19)","level":4,"score":0.6810922026634216},{"id":"https://openalex.org/C201960208","wikidata":"https://www.wikidata.org/wiki/Q159385","display_name":"Geopolitics","level":3,"score":0.6671245694160461},{"id":"https://openalex.org/C144133560","wikidata":"https://www.wikidata.org/wiki/Q4830453","display_name":"Business","level":0,"score":0.48104336857795715},{"id":"https://openalex.org/C3006700255","wikidata":"https://www.wikidata.org/wiki/Q81068910","display_name":"2019-20 coronavirus outbreak","level":3,"score":0.4394247829914093},{"id":"https://openalex.org/C3007834351","wikidata":"https://www.wikidata.org/wiki/Q82069695","display_name":"Severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2)","level":5,"score":0.422296404838562},{"id":"https://openalex.org/C73283319","wikidata":"https://www.wikidata.org/wiki/Q1416617","display_name":"Financial system","level":1,"score":0.3334788680076599},{"id":"https://openalex.org/C71924100","wikidata":"https://www.wikidata.org/wiki/Q11190","display_name":"Medicine","level":0,"score":0.2716742157936096},{"id":"https://openalex.org/C159047783","wikidata":"https://www.wikidata.org/wiki/Q7215","display_name":"Virology","level":1,"score":0.21401172876358032},{"id":"https://openalex.org/C17744445","wikidata":"https://www.wikidata.org/wiki/Q36442","display_name":"Political science","level":0,"score":0.2119705080986023},{"id":"https://openalex.org/C126322002","wikidata":"https://www.wikidata.org/wiki/Q11180","display_name":"Internal medicine","level":1,"score":0.149349182844162},{"id":"https://openalex.org/C116675565","wikidata":"https://www.wikidata.org/wiki/Q3241045","display_name":"Outbreak","level":2,"score":0.13803523778915405},{"id":"https://openalex.org/C2779134260","wikidata":"https://www.wikidata.org/wiki/Q12136","display_name":"Disease","level":2,"score":0.10648742318153381},{"id":"https://openalex.org/C94625758","wikidata":"https://www.wikidata.org/wiki/Q7163","display_name":"Politics","level":2,"score":0.0},{"id":"https://openalex.org/C524204448","wikidata":"https://www.wikidata.org/wiki/Q788926","display_name":"Infectious disease (medical specialty)","level":3,"score":0.0},{"id":"https://openalex.org/C199539241","wikidata":"https://www.wikidata.org/wiki/Q7748","display_name":"Law","level":1,"score":0.0}],"mesh":[],"locations_count":1,"locations":[{"id":"doi:10.1108/jiabr-06-2023-0190","doi":"https://doi.org/10.1108/jiabr-06-2023-0190","is_oa":false,"landing_page_url":"https://doi.org/10.1108/jiabr-06-2023-0190","pdf_url":null,"source":{"id":"https://openalex.org/S129963087","display_name":"Journal of Islamic accounting and business research","issn_l":"1759-0817","issn":["1759-0817","1759-0825"],"is_oa":false,"is_in_doaj":false,"is_core":false,"listed_in":["abdc-c","fnege-4","jufo-1","norway-1","poland-70","russia-white-list-2"],"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":"Journal of Islamic Accounting and Business Research","raw_type":"journal-article"}],"best_oa_location":null,"sustainable_development_goals":[{"id":"https://metadata.un.org/sdg/8","score":0.7257999777793884,"display_name":"Decent work and economic growth"},{"id":"https://metadata.un.org/sdg/16","score":0.666700005531311,"display_name":"Peace, justice, and strong institutions"}],"study_designs":[],"awards":[],"funders":[],"has_content":{"pdf":false,"grobid_xml":false},"content_urls":null,"referenced_works_count":65,"referenced_works":["https://openalex.org/W2035554302","https://openalex.org/W2139716534","https://openalex.org/W2570885153","https://openalex.org/W2606811386","https://openalex.org/W2610548596","https://openalex.org/W2731495843","https://openalex.org/W2788252252","https://openalex.org/W2795638390","https://openalex.org/W2912036234","https://openalex.org/W2944211533","https://openalex.org/W2946953306","https://openalex.org/W2980708978","https://openalex.org/W3010425673","https://openalex.org/W3035939719","https://openalex.org/W3042020144","https://openalex.org/W3043707392","https://openalex.org/W3064173983","https://openalex.org/W3080901970","https://openalex.org/W3094553681","https://openalex.org/W3112665329","https://openalex.org/W3116998409","https://openalex.org/W3118324328","https://openalex.org/W3121403162","https://openalex.org/W3122679559","https://openalex.org/W3123200913","https://openalex.org/W3132994319","https://openalex.org/W3163247256","https://openalex.org/W3184527806","https://openalex.org/W3193813987","https://openalex.org/W3194656946","https://openalex.org/W3195114321","https://openalex.org/W3203357232","https://openalex.org/W3209426074","https://openalex.org/W3209527473","https://openalex.org/W3215805276","https://openalex.org/W4200140781","https://openalex.org/W4200467781","https://openalex.org/W4210753507","https://openalex.org/W4210786731","https://openalex.org/W4211130022","https://openalex.org/W4213101545","https://openalex.org/W4220793036","https://openalex.org/W4221040930","https://openalex.org/W4280490471","https://openalex.org/W4280614926","https://openalex.org/W4281892636","https://openalex.org/W4283374030","https://openalex.org/W4285034409","https://openalex.org/W4289755627","https://openalex.org/W4293187712","https://openalex.org/W4293223401","https://openalex.org/W4294740097","https://openalex.org/W4296623074","https://openalex.org/W4306393649","https://openalex.org/W4309535321","https://openalex.org/W4310718444","https://openalex.org/W4311705384","https://openalex.org/W4313479459","https://openalex.org/W4318473577","https://openalex.org/W4319965858","https://openalex.org/W4327586188","https://openalex.org/W4361193844","https://openalex.org/W4366526032","https://openalex.org/W4376117832","https://openalex.org/W4388714077"],"related_works":["https://openalex.org/W7155005653","https://openalex.org/W4415651186","https://openalex.org/W4283384948","https://openalex.org/W3196163542","https://openalex.org/W4285034409","https://openalex.org/W7162398532","https://openalex.org/W3181604268","https://openalex.org/W6991672646","https://openalex.org/W3198831875","https://openalex.org/W4286432467"],"abstract_inverted_index":{"Purpose":[0],"This":[1],"study":[2],"aims":[3],"to":[4,59,108,148,202],"examine":[5,27],"the":[6,18,28,36,40,43,46,49,53,91,102,109,113,123,130,137,149,160,171,187,195,208],"impacts":[7,169],"of":[8,20,45,80,104,136,174,189],"global":[9,98,115],"geopolitical":[10,116],"risks":[11],"(GPRs)":[12],"and":[13,42,77,86,119,145,167,184,198,204],"COVID-19":[14,124],"pandemic":[15],"stringency":[16,126],"on":[17,170],"size":[19,103],"Sukuk":[21,37,105,132,172,182,209],"issuance":[22,38,106,133],"in":[23,89,207],"Malaysia.":[24,175],"Design/methodology/approach":[25],"To":[26],"issue,":[29],"this":[30],"paper":[31],"collected":[32],"yearly":[33],"data":[34],"for":[35,159,181],"from":[39,52,57],"DataStream,":[41],"rest":[44],"variables,":[47],"including":[48],"control":[50,152],"variables":[51,153],"World":[54],"Bank,":[55],"were":[56],"2018":[58],"2022.":[60],"Several":[61],"econometric":[62],"approaches":[63],"have":[64],"been":[65],"used,":[66],"that":[67,97],"is,":[68],"ordinary":[69],"least":[70,74],"square":[71],"(OLS),":[72],"two-stage":[73],"squares":[75],"(2SLS)":[76],"generalized":[78],"method":[79],"moment":[81],"(GMM)":[82],"with":[83],"fixed":[84],"effects":[85,88],"random":[87],"examining":[90],"impacts.":[92],"Findings":[93],"The":[94,151,177],"results":[95,157],"demonstrate":[96,155],"GPRs":[99],"negatively":[100],"impact":[101],"due":[107],"investment":[110],"risk":[111,191],"during":[112],"high":[114],"conflicts,":[117],"war":[118],"rampant":[120],"terrorism.":[121],"Besides,":[122],"pandemic-related":[125],"also":[127,154],"similarly":[128],"affects":[129],"country's":[131],"market":[134,173],"because":[135],"long-time":[138],"lockdown":[139],"measures,":[140],"border":[141],"closures,":[142],"travel":[143],"restrictions":[144],"low":[146],"access":[147],"market.":[150],"similar":[156],"except":[158],"gross":[161],"domestic":[162],"products,":[163],"which":[164],"shows":[165],"positive":[166],"significant":[168],"Originality/value":[176],"study's":[178],"policy":[179],"implications":[180],"investors":[183,206],"issuers":[185],"stress":[186],"importance":[188],"disclosing":[190],"mitigation":[192],"procedures,":[193],"strengthening":[194],"regulatory":[196],"framework":[197],"raising":[199],"investor":[200],"knowledge":[201],"attract":[203],"protect":[205],"sector.":[210]},"counts_by_year":[{"year":2026,"cited_by_count":6},{"year":2025,"cited_by_count":5}],"updated_date":"2026-11-04T10:54:05.112534","created_date":"2024-07-07T00:00:00"}