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All Journal ESENSI: JURNAL BISNIS DAN MANAJEMEN Al-Iqtishad : Jurnal Ilmu Ekonomi Syariah (Journal of Islamic Economics) Corruptio
Rafay, Abdul
Unknown Affiliation
Religion Economics, Econometrics & Finance Law, Crime, Criminology & Criminal Justice Social Sciences

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The Determinants of Mutual Funds Success in Pakistan Chhapra, Imran Umer; Rehan, Raja; Rafay, Abdul
Esensi: Jurnal Bisnis dan Manajemen Vol 8, No 2 (2018)
Publisher : Faculty of Economic and Business

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/ess.v8i2.7431

Abstract

The prime goal of this research is to find out the determinants of mutual fund’s success in Pakistan. This study exploits the convenient sampling techniques and the data gathered from fund manager reports, annual reports, and from CDCPL. The sample size of this study relaxed to six Assets Management Companies (AMC)’s from 2013 to 2017. We applied a unit root test for finding the nature of data and check the variation of variable’s mutual performance by Hausman Technique. Moreover, we depicted the association between dependent and independent variables with the help of Constant Coefficient Model. It was concluded that risk-adjusted return, management structure, and expense ratio have a significant impact on the size of fund of selected AMC’S of Pakistan. However, the net asset value found to be negatively related with the size of the fund. This research will help investors, AMC’s and regulatory bodies to understand the dynamics of mutual funds in Pakistan.DOI: 10.15408/ess.v8i2.7431
The Effectiveness of Regulatory Frameworks and Participatory Transparency Approaches in Village Fund Corruption Eradication within Regional Autonomy Hariyo Setiawan, Junet; Sapta Putra, Irwan; Rafay, Abdul
Corruptio Vol 6 No 1 (2025)
Publisher : Faculty of Law, Universitas Lampung

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.25041/corruptio.v6i1.4216

Abstract

Village fund corruption remains a critical issue within Indonesia’s decentralized governance system. Although Law No. 6 of 2014 on Villages and Law No. 23 of 2014 on Regional Government establish frameworks for transparency and accountability, their implementation has not effectively curbed corrupt practices. This study analyzes the effectiveness of these regulations in preventing village fund corruption and proposes legal strategies to enhance oversight. Using a normative juridical approach supported by empirical data from Indonesia Corruption Watch (ICW), the research finds that weak vertical supervision by the Regional Inspectorate, limited community participation, and inadequate administrative capacity among village officials undermine regulatory effectiveness. To address these challenges, the study recommends strengthening participatory audits, adopting context-appropriate digital transparency tools, reforming the institutional role of the Village Consultative Body (BPD), and enforcing stricter legal sanctions. A comprehensive and participatory legal approach is essential to reduce corruption and promote sustainable rural governance.
Dividend Payout Policy of Conventional Banking and Islamic Banking in Pakistan Ahmed, Farhan; Rafay, Abdul; Ahmed, Afzal
Al-Iqtishad: Jurnal Ilmu Ekonomi Syariah Vol. 10 No. 1 (2018)
Publisher : UNIVERSITAS ISLAM NEGERI SYARIF HIDAYATULLAH JAKARTA

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.15408/aiq.v10i1.6103

Abstract

This paper investigates the difference between the dividend payout policy of Islamic banks and conventional banks in Pakistan for a period from 2012 to 2016 analyzing the data through regression using Least Square Method (OLS). Specifically, the study aims to study the impact of the profitability, liquidity, revenue growth and financial leverage on the dividend payout policy of the Islamic Banks and conventional banks of Pakistan and how Islamic banks dividend policy differs from conventional banks. This study concludes that the factors like liquidity and financial leverage should be considered and addressed accordingly, because these are key indicators to help policymakers and investors in assessing the performance of the Islamic Banking Industry. DOI: 10.15408/aiq.v10i1.6103
Co-Authors Ahmed, Afzal Ahmed, Farhan Chhapra, Imran Umer Hariyo Setiawan, Junet Rehan, Raja Sapta Putra, Irwan