Rasem Kayed | Arab American University (original) (raw)

Papers by Rasem Kayed

Research paper thumbnail of The global financial crisis and Islamic finance

Thunderbird International Business Review, Aug 18, 2011

Research paper thumbnail of Entrepreneurship and development

Research paper thumbnail of Appraisal of the Status on Research on Labor Economics in the Islamic Framework مد جسور التواصل بين البحث والتعليم في الاقتصاد الإسلامي

Papers and books based on the proceedings of the Conferences organized by the Islamic Economics Institute, KAAU., 2008

As more Muslims in various Islamic countries seek to learn about Islamic economics, it is time fo... more As more Muslims in various Islamic countries seek to learn about Islamic economics, it is time for an educational system at all levels to be there to help in providing that education to them. This paper attempts to answer basic questions regarding the role of research in developing and delivering a well-rounded curriculum in Islamic economics: is research taking an active role in keeping up with the rapid developments in the field of Islamic economics? Are there any attempts by research community to access levels of Islamic financial literacy among Muslims and to highlight the importance of spreading Islamic financial knowledge through the educational system? Is the educational system in various Islamic countries living up to its moral and religious obligations by creating awareness amongst Muslims of the viability of Islamic finance and preparing "the typical" Muslim to manage his/her financial affairs and to make sound and informed financial decisions in line with the principles of the Al Shariah? It can be strongly argued that the effectiveness and the contributions of research in Islamic economics may well be broadly measured by the level of application and integration of its findings in teaching and curriculum development. Therefore, in addition to reviewing selected available pertinent literature, this study scans the undergraduate economic/finance curriculum of some leading universities in various Islamic countries. The aim is to appraise the level of collaboration between the research community and higher educational institutions, and to establish whether the research community is taking proactive approach in assimilating research into the educational system and utilizing its findings in designing and teaching relevant and practical courses in the field of Islamic economics.

Research paper thumbnail of Research methodology and fieldwork experiences

Research paper thumbnail of Islamic Entrepreneurship

Research paper thumbnail of Appraisal of the Status on Research on Labor Economics in the Islamic Framework

Retrieved March, 2009

As more Muslims in various Islamic countries seek to learn about Islamic economics, it is time fo... more As more Muslims in various Islamic countries seek to learn about Islamic economics, it is time for an educational system at all levels to be there to help in providing that education to them. This paper attempts to answer basic questions regarding the role of research in developing and delivering a well-rounded curriculum in Islamic economics: is research taking an active role in keeping up with the rapid developments in the field of Islamic economics? Are there any attempts by research community to access levels of Islamic financial literacy among Muslims and to highlight the importance of spreading Islamic financial knowledge through the educational system? Is the educational system in various Islamic countries living up to its moral and religious obligations by creating awareness amongst Muslims of the viability of Islamic finance and preparing "the typical" Muslim to manage his/her financial affairs and to make sound and informed financial decisions in line with the principles of the Al Shariah? It can be strongly argued that the effectiveness and the contributions of research in Islamic economics may well be broadly measured by the level of application and integration of its findings in teaching and curriculum development. Therefore, in addition to reviewing selected available pertinent literature, this study scans the undergraduate economic/finance curriculum of some leading universities in various Islamic countries. The aim is to appraise the level of collaboration between the research community and higher educational institutions, and to establish whether the research community is taking proactive approach in assimilating research into the educational system and utilizing its findings in designing and teaching relevant and practical courses in the field of Islamic economics.

Research paper thumbnail of The role of customer online brand experience in customers' intention to forward online company-generated content: The case of the Islamic online banking sector in Palestine

Journal of Retailing and Consumer Services

The purpose of this study is twofold: Firstly, to assess the impact of customer online brand expe... more The purpose of this study is twofold: Firstly, to assess the impact of customer online brand experience (COBE) with online banking on customer's intention to forward online company-generated content (CGC). Secondly, to explore the role of online brand community engagement (OBCE) and the perceived trust of brand community page (BCP) as mediating variables between COBE and the intention to forward online CGC. This research conducted an online survey among various Islamic bank customers in Palestine who were members of online brand communities (fan pages) on Facebook. 375 valid responses were collected and results revealed that COBE exerts a dual influence on intention to forward CGC. This study is a pioneering empirical research on the role of OBCE in customers' intention to forward online CGC within the fast-growing Islamic banking industry. This study contributes to fill this research gap by assessing the effect of COBE on OBCE and intention to forward online CGC within the context of the Islamic online banking sector in Palestine. In this sense, this study is a first-of-its-kind research on the role of experience on customer engagement with regard to online brand communities of Islamic banks.

Research paper thumbnail of Islamic entrepreneurship : a case study of the Kingdom of Saudi Arabia : a thesis presented in fulfilment of the requirements for the degree of Doctor of Philosophy in Development Studies, Massey University, Palmerston North, New Zealand

The point of departure in this study is that entrepreneurship, regard less of how it is defined ,... more The point of departure in this study is that entrepreneurship, regard less of how it is defined , is more than a means to create employment opportunities and maximise economic returns; it is rather a development alternative with g reat potential to contribute to the well-being of ind ividuals, communities and nations in developed , developing and less developed countries al ike . The purpose of this thesis is to explore the entrepreneurship phenomenon from an Islamic perspective with in the Saudi Arabia context. The thesis specifically seeks to examine the relationship between Islamic values and entrepreneurial activity and to establish whether these va lues can be more effectively tapped into to raise the profile of Islamic form of entrepreneursh ip and promote alternatives to development. The phi losoph ical differences between the Islamic and the prevai l ing Western world­ views on the theoretical as well as the practical aspects of development are fundamental , to the point whe...

Research paper thumbnail of The Global Financial Crisis and Islamic Finance Response

(∗) The author is Research Adviser at the Islamic Research and Training Institute (IRTI) of the I... more (∗) The author is Research Adviser at the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IDB). This paper is a revised and updated version of the keynote Forum lecture delivered by him at the inaugural session of the Eighth Harvard ...

Research paper thumbnail of Islamic entrepreneurship : a case study of the Kingdom of Saudi Arabia : a thesis presented in fulfilment of the requirements for the degree of Doctor of Philosophy in Development Studies, Massey University, Palmerston North, New Zealand

Page 1. Copyright is owned by the Author of the thesis. Permission is given for a copy to be down... more Page 1. Copyright is owned by the Author of the thesis. Permission is given for a copy to be downloaded by an individual for the purpose of research and private study only. The thesis may not be reproduced elsewhere without the permission of the Author. Page 2. ...

Research paper thumbnail of Integrating E-Learning into Higher Education

المجلة الفلسطينية للتعليم المفتوح, 2013

Research paper thumbnail of The Current Financial Market Crisis: Lessons Learned, Risks and Strengths of Islamic Capital Markets Compared to the Conventional System

Products and Strategies, 2012

Research paper thumbnail of The entrepreneurial role of profit‐and‐loss sharing modes of finance: theory and practice

International Journal of Islamic and Middle Eastern Finance and Management, 2012

Research paper thumbnail of Introduction to Islamic banking and finance: principles and practice

Research paper thumbnail of Islamic Entrepreneurship

Research paper thumbnail of The global financial crisis and Islamic finance

Thunderbird International Business Review, 2011

The conventional view holds that the current global financial crisis was caused by extraordinaril... more The conventional view holds that the current global financial crisis was caused by extraordinarily high liquidity, reckless lending practices, and rapid pace of financial engineering which created complex and opaque financial instruments used for risk transfer. There was break down of lenderborrower relationship, informational problems caused by lack of transparency in asset market prices, particularly in the market for structured credit instruments. There was outdated, lax or absent regulatory-supervisory oversight, faulty risk management and accounting models; and the emergence of an incentive structure that not only encouraged excessive risk taking but also created a complicit coalition of financial institutions, real estate developers and appraisers, insurance companies and credit rating agencies whose actions led to a deliberate under pricing of risk. Such crisis would not have occurred under an Islamic financial systemdue to the fact that most, if not all, of the factors that have caused or contributed to the development and the spread of the crisis are not allowed under the rules and guidance of Shariah.The current global financial crisis is largely seen as a real test of the resilience of the Islamic financial services industry and its ability to present itself as a more reliable alternative to the conventional financial system.

Research paper thumbnail of Saudi Arabia's economic development: entrepreneurship as a strategy

International Journal of Islamic and Middle Eastern Finance and Management, 2011

Purpose – The purpose of this paper is to critically review some of the existing literature relev... more Purpose – The purpose of this paper is to critically review some of the existing literature relevant to Saudi Arabia's quest for development in order to build the argument for the viability of entrepreneurship to Saudi Arabia's development process. Design/methodology/approach – The ...

Research paper thumbnail of Islamic entrepreneurship: a case study of the Kingdom of Saudi Arabia: a thesis presented in fulfilment of the requirements for the degree of Doctor of Philosophy in …

Page 1. Copyright is owned by the Author of the thesis. Permission is given for a copy to be down... more Page 1. Copyright is owned by the Author of the thesis. Permission is given for a copy to be downloaded by an individual for the purpose of research and private study only. The thesis may not be reproduced elsewhere without the permission of the Author. Page 2. ...

Research paper thumbnail of The global financial crisis, risk management and social justice in Islamic finance

ISRA Journal of Islamic Finance, Forthcoming, 2009

The most salient values of the Islamic financial system are fairness and socio-economic justice. ... more The most salient values of the Islamic financial system are fairness and socio-economic justice. The exuberance of Islam's uncompromising commitment to the well-being of humankind goes beyond its caring for existing generations to ensuring a sustainable ...

Research paper thumbnail of Managing Risk of Islamic Equity Investments: Initiatives and Strategies

ISLAMIC CAPITAL MARKETS, 2008

Research paper thumbnail of The global financial crisis and Islamic finance

Thunderbird International Business Review, Aug 18, 2011

Research paper thumbnail of Entrepreneurship and development

Research paper thumbnail of Appraisal of the Status on Research on Labor Economics in the Islamic Framework مد جسور التواصل بين البحث والتعليم في الاقتصاد الإسلامي

Papers and books based on the proceedings of the Conferences organized by the Islamic Economics Institute, KAAU., 2008

As more Muslims in various Islamic countries seek to learn about Islamic economics, it is time fo... more As more Muslims in various Islamic countries seek to learn about Islamic economics, it is time for an educational system at all levels to be there to help in providing that education to them. This paper attempts to answer basic questions regarding the role of research in developing and delivering a well-rounded curriculum in Islamic economics: is research taking an active role in keeping up with the rapid developments in the field of Islamic economics? Are there any attempts by research community to access levels of Islamic financial literacy among Muslims and to highlight the importance of spreading Islamic financial knowledge through the educational system? Is the educational system in various Islamic countries living up to its moral and religious obligations by creating awareness amongst Muslims of the viability of Islamic finance and preparing "the typical" Muslim to manage his/her financial affairs and to make sound and informed financial decisions in line with the principles of the Al Shariah? It can be strongly argued that the effectiveness and the contributions of research in Islamic economics may well be broadly measured by the level of application and integration of its findings in teaching and curriculum development. Therefore, in addition to reviewing selected available pertinent literature, this study scans the undergraduate economic/finance curriculum of some leading universities in various Islamic countries. The aim is to appraise the level of collaboration between the research community and higher educational institutions, and to establish whether the research community is taking proactive approach in assimilating research into the educational system and utilizing its findings in designing and teaching relevant and practical courses in the field of Islamic economics.

Research paper thumbnail of Research methodology and fieldwork experiences

Research paper thumbnail of Islamic Entrepreneurship

Research paper thumbnail of Appraisal of the Status on Research on Labor Economics in the Islamic Framework

Retrieved March, 2009

As more Muslims in various Islamic countries seek to learn about Islamic economics, it is time fo... more As more Muslims in various Islamic countries seek to learn about Islamic economics, it is time for an educational system at all levels to be there to help in providing that education to them. This paper attempts to answer basic questions regarding the role of research in developing and delivering a well-rounded curriculum in Islamic economics: is research taking an active role in keeping up with the rapid developments in the field of Islamic economics? Are there any attempts by research community to access levels of Islamic financial literacy among Muslims and to highlight the importance of spreading Islamic financial knowledge through the educational system? Is the educational system in various Islamic countries living up to its moral and religious obligations by creating awareness amongst Muslims of the viability of Islamic finance and preparing "the typical" Muslim to manage his/her financial affairs and to make sound and informed financial decisions in line with the principles of the Al Shariah? It can be strongly argued that the effectiveness and the contributions of research in Islamic economics may well be broadly measured by the level of application and integration of its findings in teaching and curriculum development. Therefore, in addition to reviewing selected available pertinent literature, this study scans the undergraduate economic/finance curriculum of some leading universities in various Islamic countries. The aim is to appraise the level of collaboration between the research community and higher educational institutions, and to establish whether the research community is taking proactive approach in assimilating research into the educational system and utilizing its findings in designing and teaching relevant and practical courses in the field of Islamic economics.

Research paper thumbnail of The role of customer online brand experience in customers' intention to forward online company-generated content: The case of the Islamic online banking sector in Palestine

Journal of Retailing and Consumer Services

The purpose of this study is twofold: Firstly, to assess the impact of customer online brand expe... more The purpose of this study is twofold: Firstly, to assess the impact of customer online brand experience (COBE) with online banking on customer's intention to forward online company-generated content (CGC). Secondly, to explore the role of online brand community engagement (OBCE) and the perceived trust of brand community page (BCP) as mediating variables between COBE and the intention to forward online CGC. This research conducted an online survey among various Islamic bank customers in Palestine who were members of online brand communities (fan pages) on Facebook. 375 valid responses were collected and results revealed that COBE exerts a dual influence on intention to forward CGC. This study is a pioneering empirical research on the role of OBCE in customers' intention to forward online CGC within the fast-growing Islamic banking industry. This study contributes to fill this research gap by assessing the effect of COBE on OBCE and intention to forward online CGC within the context of the Islamic online banking sector in Palestine. In this sense, this study is a first-of-its-kind research on the role of experience on customer engagement with regard to online brand communities of Islamic banks.

Research paper thumbnail of Islamic entrepreneurship : a case study of the Kingdom of Saudi Arabia : a thesis presented in fulfilment of the requirements for the degree of Doctor of Philosophy in Development Studies, Massey University, Palmerston North, New Zealand

The point of departure in this study is that entrepreneurship, regard less of how it is defined ,... more The point of departure in this study is that entrepreneurship, regard less of how it is defined , is more than a means to create employment opportunities and maximise economic returns; it is rather a development alternative with g reat potential to contribute to the well-being of ind ividuals, communities and nations in developed , developing and less developed countries al ike . The purpose of this thesis is to explore the entrepreneurship phenomenon from an Islamic perspective with in the Saudi Arabia context. The thesis specifically seeks to examine the relationship between Islamic values and entrepreneurial activity and to establish whether these va lues can be more effectively tapped into to raise the profile of Islamic form of entrepreneursh ip and promote alternatives to development. The phi losoph ical differences between the Islamic and the prevai l ing Western world­ views on the theoretical as well as the practical aspects of development are fundamental , to the point whe...

Research paper thumbnail of The Global Financial Crisis and Islamic Finance Response

(∗) The author is Research Adviser at the Islamic Research and Training Institute (IRTI) of the I... more (∗) The author is Research Adviser at the Islamic Research and Training Institute (IRTI) of the Islamic Development Bank (IDB). This paper is a revised and updated version of the keynote Forum lecture delivered by him at the inaugural session of the Eighth Harvard ...

Research paper thumbnail of Islamic entrepreneurship : a case study of the Kingdom of Saudi Arabia : a thesis presented in fulfilment of the requirements for the degree of Doctor of Philosophy in Development Studies, Massey University, Palmerston North, New Zealand

Page 1. Copyright is owned by the Author of the thesis. Permission is given for a copy to be down... more Page 1. Copyright is owned by the Author of the thesis. Permission is given for a copy to be downloaded by an individual for the purpose of research and private study only. The thesis may not be reproduced elsewhere without the permission of the Author. Page 2. ...

Research paper thumbnail of Integrating E-Learning into Higher Education

المجلة الفلسطينية للتعليم المفتوح, 2013

Research paper thumbnail of The Current Financial Market Crisis: Lessons Learned, Risks and Strengths of Islamic Capital Markets Compared to the Conventional System

Products and Strategies, 2012

Research paper thumbnail of The entrepreneurial role of profit‐and‐loss sharing modes of finance: theory and practice

International Journal of Islamic and Middle Eastern Finance and Management, 2012

Research paper thumbnail of Introduction to Islamic banking and finance: principles and practice

Research paper thumbnail of Islamic Entrepreneurship

Research paper thumbnail of The global financial crisis and Islamic finance

Thunderbird International Business Review, 2011

The conventional view holds that the current global financial crisis was caused by extraordinaril... more The conventional view holds that the current global financial crisis was caused by extraordinarily high liquidity, reckless lending practices, and rapid pace of financial engineering which created complex and opaque financial instruments used for risk transfer. There was break down of lenderborrower relationship, informational problems caused by lack of transparency in asset market prices, particularly in the market for structured credit instruments. There was outdated, lax or absent regulatory-supervisory oversight, faulty risk management and accounting models; and the emergence of an incentive structure that not only encouraged excessive risk taking but also created a complicit coalition of financial institutions, real estate developers and appraisers, insurance companies and credit rating agencies whose actions led to a deliberate under pricing of risk. Such crisis would not have occurred under an Islamic financial systemdue to the fact that most, if not all, of the factors that have caused or contributed to the development and the spread of the crisis are not allowed under the rules and guidance of Shariah.The current global financial crisis is largely seen as a real test of the resilience of the Islamic financial services industry and its ability to present itself as a more reliable alternative to the conventional financial system.

Research paper thumbnail of Saudi Arabia's economic development: entrepreneurship as a strategy

International Journal of Islamic and Middle Eastern Finance and Management, 2011

Purpose – The purpose of this paper is to critically review some of the existing literature relev... more Purpose – The purpose of this paper is to critically review some of the existing literature relevant to Saudi Arabia's quest for development in order to build the argument for the viability of entrepreneurship to Saudi Arabia's development process. Design/methodology/approach – The ...

Research paper thumbnail of Islamic entrepreneurship: a case study of the Kingdom of Saudi Arabia: a thesis presented in fulfilment of the requirements for the degree of Doctor of Philosophy in …

Page 1. Copyright is owned by the Author of the thesis. Permission is given for a copy to be down... more Page 1. Copyright is owned by the Author of the thesis. Permission is given for a copy to be downloaded by an individual for the purpose of research and private study only. The thesis may not be reproduced elsewhere without the permission of the Author. Page 2. ...

Research paper thumbnail of The global financial crisis, risk management and social justice in Islamic finance

ISRA Journal of Islamic Finance, Forthcoming, 2009

The most salient values of the Islamic financial system are fairness and socio-economic justice. ... more The most salient values of the Islamic financial system are fairness and socio-economic justice. The exuberance of Islam's uncompromising commitment to the well-being of humankind goes beyond its caring for existing generations to ensuring a sustainable ...

Research paper thumbnail of Managing Risk of Islamic Equity Investments: Initiatives and Strategies

ISLAMIC CAPITAL MARKETS, 2008