Aliyu Dahiru Muhammad | International Islamic University Malaysia (original) (raw)

Papers by Aliyu Dahiru Muhammad

The contemporary Islamic banking system started in the late 1970s as an attempt by some Muslims t... more The contemporary Islamic banking system started in the late 1970s as an attempt by some Muslims to avoid riba, which is prohibited by the religion of Islam. Conventional banks came into existence with the emergence of colonialism in Muslim countries. However, after independence, countries like Malaysia, Indonesia, Pakistan and some Middle Eastern countries established formal Islamic banks to serve as an alternative to the conventional banking system. Unlike the conventional system, one of the objectives of the Islamic banking system is to ensure a fairer wealth distribution in society. This could be achieved through providing capital to Micro, Small and Medium Enterprises (MSMEs). Inexplicably, Islamic banks seem to be sinking in the ocean of the conventional banking system by providing more or less similar products that are debt-based instead of partnership based that could develop enterprising cultures in society. In line with this development, this paper develops and proposes an ...

Journal for Studies in Management and Planning, 2015

Australian journal of basic and applied sciences, 2013

Recently, entrepreneurship receives most attention than ever before. The importance of inculcatin... more Recently, entrepreneurship receives most attention than ever before. The importance of inculcating entrepreneurship education among young and fresh graduates cannot be over stressed. Similarly, studies show that student who participates in entrepreneurship program is more willing to start his own business than a student who does not undergo any of these programs. The recent financial crisis serves as lessons for employees and potential graduates that should no longer rely on big companies. The objective of this paper is to investigate the factors that determine entrepreneurship intentions among University students. The paper employed Theory of Planned Behavior (TPB), to examine the students` intentions to start up small scale businesses. Based on the sample size of 222, it was found that power of behavioral control and personal attitude are the major determinants to start up. Other interesting findings revealed in the study were the mediating roles of personal attitude and power of ...

International Journal of Islamic Economics and Finance (IJIEF), 2021

The world has become a global village as competition among banks is now intense. Globalization is... more The world has become a global village as competition among banks is now intense. Globalization is fuelling increased competition in Nigerian banking industry and as a result, banks are challenged to adopt customer centred strategies that would enable them to gain customer loyalty, maximize profitability and survive the competition. There is no business that survives without customers’ patronage and Islamic banks are not an exception. Customers are key stakeholders to the survival of any business, thus, satisfying the customer through providing high quality services is core to Islamic banking business. The aim of the study is to examine the mediating role of customer satisfaction in investigating the relationship between service quality and customer loyalty in non-interest bank i.e. Jaiz Bank of Kano state metropolis, Nigeria. The variance based (SEM) technique is employed in analyzing the hypothesized model of the study. Service quality positively and significantly influences custom...

International Journal of Islamic Economics and Finance (IJIEF), 2020

There are persistent increasing number of scenarios in Singer and Dawanau markets of Kano metropo... more There are persistent increasing number of scenarios in Singer and Dawanau markets of Kano metropolis which are seen as unethical among which includes deception, inappropriate weight and measures, hoarding and price manipulation as well as false-swearing to support a sale. This study therefore assesses the determinants of Islamic business ethics practices among Muslim entrepreneurs in Kano metropolis, Nigeria. Structural Equation Modelling (SEM) technique is employed in analysing the hypothesized model of the study. The results indicate that entrepreneurs fairly adhere to Islamic business ethics practice while legal and organizational factors significantly affect Islamic business ethics, but Individual factors do not. The study recommends the need for Kano State Ministry of Commerce and Industry in collaboration with market organizational leaders to engage in public enlightenment on the importance of business as an act of worship (Ibadat). It was suggested that organization leaders i.e. Market leaders (trade union leaders) should liaise with Kano state Shariah Commission to set standard for Islamic business ethics whereas Hisbah Board to enforce compliance. The study further suggests that the concept of ethics should be incorporated in teaching and learning curriculum.

Journal of Islamic Monetary Economics and Finance, 2018

Islamic Social finance is an emerging area of study and practice, different from commercial finan... more Islamic Social finance is an emerging area of study and practice, different from commercial finance. It concerns about financing members of the community or country for socio-economic development. However, it faces the challenge of sustainability either due to legal or regulatory framework or due to lack of awareness among members of the society. The history of Islamic social finance in Nigeria connects back to the revivalism of Islam through Shehu Uthman Bin Fodio in 1804. Recently, with the establishment of Zakat and Endowment Committee in Sokoto in 2007, there was an increasing awareness and practice in the contemporary Islamic Social Finance, especially when the Government converts the Committee into Commission in 2016 which makes it independence to initiate and execute its policies. The objective of this paper is to examine two of its recently executed projects vis-à-vis Youth and Women Empowerment programs. The study uses qualitative technique for data collection and analysis....

International Journal of Islamic and Middle Eastern Finance and Management, 2019

Purpose In societies with strong presence of Islam, Islamic instruments with more scope for fairn... more Purpose In societies with strong presence of Islam, Islamic instruments with more scope for fairness and equity can be innovatively harnessed to play an increasing role in the development process and poverty alleviation schemes. Poor smallholder farmers dominate agricultural production in many developing countries and contribute a significant portion of global food production. This paper aims to develop a scheme to improve poor smallholder farmers’ vulnerable financial situation through the application of Zakah and Salam contract, using Bangladesh as a case study. Secondary goals are to show the effect of the scheme on food security and relevance to Nigeria. Design/methodology/approach The authors explore the existing traditional modes of financing available to poor smallholders, identify their challenges and propose an appropriate Islamic financing scheme. Findings With the Zakah-based Salam forward contract, the proposed scheme would procure food through Institutional Demand to of...

IIUM Journal of Educational Studies, 2016

The persistent deterioration of trust among managers of the economy in one hand and the declining... more The persistent deterioration of trust among managers of the economy in one hand and the declining confidence level of the public on economic and financial institutions in the country calls for the need to assess the type of economic graduates Universities in Nigeria produce. In other words, does our Universities produce economists that are skillful in the industry but lacks ethical as well as moral values? To answer these questions there is need to examine the University curriculum so as to know the existence or otherwise of courses that enhance skills and those that enhance values. The objective of this study therefore is to assess the need for Islamic economics curriculum that contains sufficient courses for not only building graduate economic and analytical skills but also the courses that are relevant for ethical development of a graduate. Bayero University Kano, though not an Islamic University per se but is well rooted in the values of Islam historically and in the programmes ...

Humanomics, 2016

Purpose The aim of this paper is to propose and verify a structured model for Islamic micro-finan... more Purpose The aim of this paper is to propose and verify a structured model for Islamic micro-finance in Bangladesh. The Islamic micro-investment model (IMIM) aims to harness the role of the Waqf/philanthropic sector to empower micro-entrepreneurs. Design/methodology/approach The researchers use the survey technique to investigate the micro-entrepreneurs’ intention to adopt the model. A total of 400 questionnaires are distributed with 207 responses being returned (51.75 per cent). In this study, a structural model is tested to examine the relationship of the behavioural intention to adopt Islamic micro-investment with the attitude towards behaviour, subjective norm, normative belief and behavioural belief. Findings The findings of the research show that, overall, the model fits the data and can be used to advance Islamic micro-finance in Bangladesh. However, out of the four hypotheses tested, only two are accepted vis-à-vis the influence of behavioural belief and normative belief on a...

Poverty dominates the agenda of developing countries. Poverty was and still is one of the major i... more Poverty dominates the agenda of developing countries. Poverty was and still is one of the major impediments of human progress and societal development. Its existence is as old as human history while its alleviation is attributed to effective and successfull economic policies. Various approaches/policies are offered towards reducing poverty. These policies vary depending on time, space and the country concernced. However, reduction of poverty the major goal of many economic systems as stated by the Millenium Development Goals, thought sometimes not explicitly stated It was found that in OIC member countries religious and cultural norms drive preference of Islamic microfinance over conventional microfinance.The study further developed an Integrated waqf based Islamic micrfinance model (IWIMM) for poverty reduction in OIC memebr countries.This is expected to overcome the challenges of conventional microfinance such as, high cost of capital, low quality of human resource, vulnerabilites of poor borrowers due to lack of sustainable takaful and limited products for the clients with different occupationanl backgrounds. However, the model is yet to be verified empirically. Thus, further studies should be conducted to test the model using quantitative techniques such as, structural equation modelling (SEM).

American Journal of Business Education (AJBE), 2015

Entrepreneurial intention (EI) is one of the major contributing factors to the formation, growth ... more Entrepreneurial intention (EI) is one of the major contributing factors to the formation, growth and development of entrepreneurship. It promotes self reliance and brings about initiatives. Entreprenuership on the other hand, has been considered as an engine of growth for economic growth and development of developed and emerging economies. Acadamic discussions and policy initiatives are increasing nowadays on the vital role of entrepreneurial development in a society. This has been buttressed by the recent loss of jobs due to 2008-2009 financial crisis as well as increasing unemloyment across the globe. In Nigeria, the official rate of unemployment is around 24 percent while 46.5 percent of the youth population are unemployed. The unemployed rate among gradutes has increased from 25.6 percent in 2003 to 42.7 percent in 2011. This unwelcome development requires a concerted effort at academic and governmental levels. The objective of this paper is to examine the entreprenuerial intenton among University students in Nigeria. This will help to identify entreprenuerial intention which determines behaviour as well as the need to gauge entrepreneurial awareness among the respondents. The paper uses a modified version of Theory of Planned Behaviour (TPB) as the main framework of examining entrepreneurial intention. A sample size of 205 was drawn from Abubakar Tafawa Balewa Univesity (ATBU). Data was analysed using structural equation modeling. The findings show that, entrepreneurial attitude, subjective norm and power of behavioural control are all significant predictors of EI. In addition, other indirect relationships were also found to be significant. Overall the result shows the model fits the the data well.

Journal of Applied Business Research (JABR), 2014

The results of the analysis revealed that factors, such as the level of understanding risk manage... more The results of the analysis revealed that factors, such as the level of understanding risk management, risk assessment and analysis, risk control, and monitoring, feature more prominently in Malaysian Islamic Banks than in their Jordanian counterparts. However, Jordans IBs are ahead in terms of the level of risk management practices. Both countries are similar in their risk identification. It is also found that Islamic Banks in Malaysia and Jordan are somewhat reasonably efficient in managing risk where risk assessment and analysis (RAA), and risk control and monitoring (RCM) are the most influencing variables in RMPs in Malaysia; whilst understanding risk management (URM) and risk control and monitoring (RCM) are good predictors of RMPs in Jordan.

Pakistan has been facing a high incidence of poverty. Despite its persistent efforts to make a de... more Pakistan has been facing a high incidence of poverty. Despite its persistent efforts to make a dent on poverty, the country never witnessed a systematic reduction in the same. The country has been spending a significant amount on safety nets and social protection programs. Some programs provide direct cash grants and other forms of indirect support to the poor, while microfinance programs provide microcredit, micro savings and micro insurance to the beneficiaries. The government extends full support to the microfinance industry and seeks to provide an enabling environment for its successful operation. As a result, the microfinance industry in Pakistan has been flourishing and steadily enhancing its outreach. However, despite all the efforts, it currently covers just about 10 percent of the market in 2013. In Pakistan, initiatives for Islamic microfinance have been undertaken by a few NGOs and financial institutions. Almost all IMIs function below operational self- sufficiency (OSS) ...

International Journal of Islamic and Middle Eastern Finance and Management, 2015

Purpose – This paper aims to develop an integrated waqf-based Islamic microfinance (IsMF) for pov... more Purpose – This paper aims to develop an integrated waqf-based Islamic microfinance (IsMF) for poverty reduction in Bangladesh. Microfinance institutions (MFIs) have been constrained by the high cost of funds, high interest rate charges and poor human resource quality of the recipients. Islamic MFIs have recently evolved with the hope of overcoming these financial, ethical and human capital deficiencies faced by the conventional financial institutions. Moreover, a good number of integrated models have been proposed to enhance the role played by Islamic MFIs. Most of these models, however, lack empirical justifications. Design/methodology/approach – The research uses survey techniques. A total of 381 respondents were included in the survey. The integrated waqf-based Islamic microfinance model (IWIMM) was earlier on developed using literature and intellectual discussions. There are six constructs presenting the IWIMM, namely, waqf resources, IsMF, takaful, project financing, human reso...

Microfinance is recognized as a developmental tool to fight poverty. Recent studies have shown po... more Microfinance is recognized as a developmental tool to fight poverty. Recent studies have shown positive impacts of the microfinance on the income and health of the clients. It has started in Bangladesh and spread to other continents of the world. However, there is agitation that microfinance has not been able to achieve its objective of fighting poverty. This is due to the shift that has taken place in the industry from poverty focused to profit oriented business. Above all, microfinance faces other challenges on its way to succeed. One of the major challenges is that the product is not universally applicable or it does not tailor with the belief system of the Muslims. Since interest (riba) is prohibited in Islam, many Muslims denounce conventional microfinance for fear of violating their religious injunctions even though many others have accepted it out of necessity. The objective of this paper is to propose a shariah compliant microfinance product in Islamic banking operations particularly in Malaysia.

Entrepreneurial intention (EI) is one of the major contributing factors to the formation, growth ... more Entrepreneurial intention (EI) is one of the major contributing factors to the formation, growth
and development of entrepreneurship. It promotes self reliance and brings about initiatives.
Entreprenuership on the other hand, has been considered as an engine of growth for economic
growth and development of developed and emerging economies. Acadamic discussions and policy
initiatives are increasing nowadays on the vital role of entrepreneurial development in a society.
This has been buttressed by the recent loss of jobs due to 2008-2009 financial crisis as well as
increasing unemloyment across the globe. In Nigeria, the official rate of unemployment is around
24 percent while 46.5 percent of the youth population are unemployed. The unemployed rate
among gradutes has increased from 25.6 percent in 2003 to 42.7 percent in 2011. This
unwelcome development requires a concerted effort at academic and governmental levels. The
objective of this paper is to examine the entreprenuerial intenton among University students in
Nigeria. This will help to identify entreprenuerial intention which determines behaviour as well
as the need to gauge entrepreneurial awareness among the respondents. The paper uses a
modified version of Theory of Planned Behaviour (TPB) as the main framework of examining
entrepreneurial intention. A sample size of 205 was drawn from Abubakar Tafawa Balewa
Univesity (ATBU). Data was analysed using structural equation modeling. The findings show
that, entrepreneurial attitude, subjective norm and power of behavioural control are all
significant predictors of EI. In addition, other indirect relationships were also found to be
significant. Overall the result shows the model fits the the data well.

This paper is developed to compliment a previous article by the author “In Search for an Effectiv... more This paper is developed to compliment a previous article by the author “In Search for an Effective Zakat Management in Kano State Nigeria” to paper aims at checking the operations of the Kano state government established zakat institution called Kano State Zakah and Hubusi Commission. The institution, however, could not meet its desired goals of improving the socioeconomic wellbeing of Kano citizens. Poverty still remains a most visible feature in the state. Hence, the article examines the current practice of zakat distribution by Kano State Zakah and Hubusi Commission to identify challenges faced by the institution. Several challenges related to limited awareness regarding the roles of zakat and its objectives, unsystematic and inefficient zakat distribution leading to lack of trust by the zakat payers and direct zakat payments are identified. Then, through comparison of best practices of zakat institutions management in other Muslim countries, interview and discussion with local experts, the article suggests solutions to improve the situation. The findings of this study help in suggesting the distribution of zakat for social welfare programs aiming at establishing sustainable development among the community.This will help improve zakat institution and management in Kano state in particular and other parts of the world in general.

The book under review by al-Amine presents ṣukūk and its major related areas. The book is timely ... more The book under review by al-Amine presents ṣukūk and its major related areas. The book is timely when 85 per cent of the current ṣukūk are accused of being non-asset backed, thus regarded as unsecured debt just like conventional bond. The study highlights various dimensions of ṣukūk at national and
global levels. It is spread over 10 chapters. In the introduction, the author demonstrates the growing interest as well as the size of Islamic finance particularly ṣukūk. The author highlights the reasons for the acceptance of ṣukūk outside the Muslim countries, as institutions like Standard and Poor’s maintain that Islamic finance is resilient to crisis because its principles prohibit investment in structures and interest-based products that are susceptible to collapse.

The contemporary Islamic banking system started in the late 1970s as an attempt by some Muslims t... more The contemporary Islamic banking system started in the late 1970s as an attempt by some Muslims to avoid riba, which is prohibited by the religion of Islam. Conventional banks came into existence with the
emergence of colonialism in Muslim countries. However, after independence, countries like Malaysia,Indonesia, Pakistan and some Middle Eastern countries established formal Islamic banks to serve as an alternative to the conventional banking system. Unlike the conventional system, one of the objectives of the Islamic banking system is to ensure a fairer wealth distribution in society. This could be achieved through providing capital to Micro, Small and Medium Enterprises (MSMEs). Inexplicably, Islamic banks seem to be sinking in the ocean of the conventional banking system by providing more or less similar products that are debt-based instead of partnership based that could develop enterprising cultures in society. In line with this development, this paper develops and proposes an Islamic Micro-Investment Model (IMIM) that could ensure the achievement of Islamic economic and financial objectives in society. The model is applicable in Islamic Banks in Malaysia and elsewhere.

Journal for Studies in Management and Planning, 2015

Australian journal of basic and applied sciences, 2013

International Journal of Islamic Economics and Finance (IJIEF), 2021

International Journal of Islamic Economics and Finance (IJIEF), 2020

Journal of Islamic Monetary Economics and Finance, 2018

International Journal of Islamic and Middle Eastern Finance and Management, 2019

IIUM Journal of Educational Studies, 2016

Humanomics, 2016

American Journal of Business Education (AJBE), 2015

Journal of Applied Business Research (JABR), 2014

International Journal of Islamic and Middle Eastern Finance and Management, 2015

Entrepreneurial intention (EI) is one of the major contributing factors to the formation, growth ... more Entrepreneurial intention (EI) is one of the major contributing factors to the formation, growth
and development of entrepreneurship. It promotes self reliance and brings about initiatives.
Entreprenuership on the other hand, has been considered as an engine of growth for economic
growth and development of developed and emerging economies. Acadamic discussions and policy
initiatives are increasing nowadays on the vital role of entrepreneurial development in a society.
This has been buttressed by the recent loss of jobs due to 2008-2009 financial crisis as well as
increasing unemloyment across the globe. In Nigeria, the official rate of unemployment is around
24 percent while 46.5 percent of the youth population are unemployed. The unemployed rate
among gradutes has increased from 25.6 percent in 2003 to 42.7 percent in 2011. This
unwelcome development requires a concerted effort at academic and governmental levels. The
objective of this paper is to examine the entreprenuerial intenton among University students in
Nigeria. This will help to identify entreprenuerial intention which determines behaviour as well
as the need to gauge entrepreneurial awareness among the respondents. The paper uses a
modified version of Theory of Planned Behaviour (TPB) as the main framework of examining
entrepreneurial intention. A sample size of 205 was drawn from Abubakar Tafawa Balewa
Univesity (ATBU). Data was analysed using structural equation modeling. The findings show
that, entrepreneurial attitude, subjective norm and power of behavioural control are all
significant predictors of EI. In addition, other indirect relationships were also found to be
significant. Overall the result shows the model fits the the data well.

The contemporary Islamic banking system started in the late 1970s as an attempt by some Muslims t... more The contemporary Islamic banking system started in the late 1970s as an attempt by some Muslims to avoid riba, which is prohibited by the religion of Islam. Conventional banks came into existence with the
emergence of colonialism in Muslim countries. However, after independence, countries like Malaysia,Indonesia, Pakistan and some Middle Eastern countries established formal Islamic banks to serve as an alternative to the conventional banking system. Unlike the conventional system, one of the objectives of the Islamic banking system is to ensure a fairer wealth distribution in society. This could be achieved through providing capital to Micro, Small and Medium Enterprises (MSMEs). Inexplicably, Islamic banks seem to be sinking in the ocean of the conventional banking system by providing more or less similar products that are debt-based instead of partnership based that could develop enterprising cultures in society. In line with this development, this paper develops and proposes an Islamic Micro-Investment Model (IMIM) that could ensure the achievement of Islamic economic and financial objectives in society. The model is applicable in Islamic Banks in Malaysia and elsewhere.