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Rooly, Mohamed Saleem Ahamed Riyad
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Economics, Econometrics & Finance

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Factors influencing demand for Islamic bank products in Sri Lanka Nimsith, Subaideen Issath; Rooly, Mohamed Saleem Ahamed Riyad; Ilma, Fathima
Journal of Enterprise and Development (JED) Vol. 6 No. 1 (2024): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v6i1.8586

Abstract

Purpose — The demand for Islamic banking products and services has been increasing globally over the past decade, including in Sri Lanka. However, the factors behind this surge are not yet fully understood. The aim of this research is to investigate the factors influencing the demand for Islamic banking products in Sri Lanka.Method — Primary data were collected through the distribution of questionnaires, which were distributed among 650 customers of Amana Bank PLC island-wide across its 33 branches. Convenience sampling techniques were employed for data collection. The Statistical Package for Social Sciences (SPSS) was utilized for analyzing the factors influencing the demand for Islamic banking products in Sri Lanka. Statistical methods, including regression analysis, correlation analysis, and a reliability test, were employed to analyze the collected data.Result — The findings indicate a robust relationship between factors such as religiosity, attitude, awareness, and reputation, and the demand for Islamic banking products in Sri Lanka. According to the regression analysis, awareness was identified as having the greatest impact on the demand for Islamic banking products, while reputation, attitude, and religiosity were determined to be the second, third, and least impactful factors, respectively.Novelty  — This research is pioneering in a country like Sri Lanka, where it is still in the developmental stage, and the majority of the population is non-Muslim. The findings offer valuable insights for policymakers in the Islamic banking and finance sectors, guiding them in formulating strategies to attract a broader customer base for their products and services among both Muslim and non-Muslim customers.
Enhancing financial stability in Islamic banks: An investigation of determinants during the COVID-19 in Indonesia Putri, Ardita Herniati; Zulpawati, Zulpawati; Syapriatama, Imronjana; Mas'ud, Riduan; Aminy, Muhammad Muhajir; Rooly, Mohamed Saleem Ahamed Riyad
Journal of Enterprise and Development (JED) Vol. 6 No. 2 (2024): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v6i2.10054

Abstract

Purpose — This study investigates the determinants of Islamic banks' stability in Indonesia amidst the Covid-19 pandemic.Method — Employing a causality-associative quantitative approach, the research utilizes purposive sampling and secondary data collection from monthly financial reports on the official websites of OJK (Financial Services Authority) and BI (Bank Indonesia). Statistical techniques including normality test, multicollinearity test, t-test, f-test, R2 test, and multiple linear regression, aided by SPSS version 22 and Microsoft Excel, are employed for data analysis.Result — The results reveal that Islamic banks' total assets significantly positively influence their stability in Indonesia. Additionally, variables such as Operational Costs to Operational Income (OCOI) ratio and BI 7-Day Reverse Repo Rate (BI7DRR) exhibit significant negative effects on Islamic banks' stability. Practical implications — Understanding the influence of total assets, Operational Costs to Operational Income (OCOI) ratio, and the BI 7-Day Reverse Repo Rate (BI7DRR) on Islamic banks' stability in Indonesia during the Covid-19 pandemic can guide policymakers and bank management in implementing measures to strengthen resilience and mitigate risks, such as strategic asset management and cost optimization strategies.
The Impact of Cost Management Practices on Firm Profitability of Sri Lankan Manufacturing Companies during the COVID-19 Rooly, Mohamed Saleem Ahamed Riyad; Nimsith, Subaideen Issath; Badriati, Baiq El
Journal of Enterprise and Development (JED) Vol. 6 No. 3 (2024): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v6i3.11142

Abstract

Purpose: This study examines the effect of cost management practices on the profitability of listed manufacturing companies in Sri Lanka, focusing on the application of Activity-Based Costing (ABC) during the COVID-19 pandemic.Method: The study employs quantitative methods to analyze secondary data from the annual reports of 70 listed manufacturing companies between 2019 and 2023. Data analysis was conducted using SPSS software, including tests for correlation, multiple regression analysis, data stationarity, autocorrelation, and multicollinearity.Result: The findings reveal a significant negative correlation between direct material costs and profitability, suggesting that effective management of material costs through ABC enhances financial performance. Similarly, direct labor costs also show a significant negative relationship with profitability, emphasizing ABC's role in optimizing labor costs to increase profits. Factory overhead costs exhibit a significant negative correlation with profitability, highlighting ABC's effectiveness in reducing non-productive overheads. In contrast, administrative expenses have an insignificant impact on profitability, indicating the limited efficacy of ABC in managing these costs. Overall, the results affirm ABC's utility in controlling production-related costs but suggest the need for alternative strategies for managing administrative expenses.Practical Implications for Economic Growth and Development: The study emphasizes the importance of efficient cost reduction methods, which can improve firm productivity, increase profitability, and support stability and economic recovery in the post-pandemic period.
Nexus between Financial Performance and Stock Prices during the COVID-19: Evidence from Indonesian Islamic Banks Rahmawati, Naili; Azizoma, Rusman; Aminy, Muhammad Muhajir; Pratiwi, Bintang; Rooly, Mohamed Saleem Ahamed Riyad
Journal of Enterprise and Development (JED) Vol. 7 No. 2 (2025)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v7i2.13166

Abstract

Purpose: This study analyzes the impact of Return on Assets (ROA), Return on Equity (ROE), and Earnings Per Share (EPS) on the stock prices of Islamic banking companies listed on the Indonesian Stock Exchange during the COVID-19 pandemic (2020–2021), aiming to understand how key financial metrics influence stock valuations during economic uncertainty.Method: Using a quantitative approach, panel data regression analysis was conducted on a purposively selected sample of Islamic banking companies. The study assessed both individual and joint effects of ROA, ROE, and EPS on stock prices.Result: The results reveal that ROA, ROE, and EPS significantly affect stock prices, both individually and collectively. This indicates that profitability and earnings performance remain critical to market valuation even during crisis periods.Practical Implications for Economic Growth and Development: Findings offer practical value for investors and analysts using financial ratios to guide investment decisions. Bank managers can enhance shareholder value by improving these indicators, while policymakers may use the results to support the resilience of Islamic banking during economic disruptions.Originality/Value: This study contributes to the limited research on Islamic banking performance in crisis contexts by highlighting the continued relevance of fundamental financial indicators in influencing stock prices during the COVID-19 pandemic in an emerging market setting.
Factors influencing demand for Islamic bank products in Sri Lanka Nimsith, Subaideen Issath; Rooly, Mohamed Saleem Ahamed Riyad; Ilma, Fathima
Journal of Enterprise and Development (JED) Vol. 6 No. 1 (2024): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v6i1.8586

Abstract

Purpose — The demand for Islamic banking products and services has been increasing globally over the past decade, including in Sri Lanka. However, the factors behind this surge are not yet fully understood. The aim of this research is to investigate the factors influencing the demand for Islamic banking products in Sri Lanka.Method — Primary data were collected through the distribution of questionnaires, which were distributed among 650 customers of Amana Bank PLC island-wide across its 33 branches. Convenience sampling techniques were employed for data collection. The Statistical Package for Social Sciences (SPSS) was utilized for analyzing the factors influencing the demand for Islamic banking products in Sri Lanka. Statistical methods, including regression analysis, correlation analysis, and a reliability test, were employed to analyze the collected data.Result — The findings indicate a robust relationship between factors such as religiosity, attitude, awareness, and reputation, and the demand for Islamic banking products in Sri Lanka. According to the regression analysis, awareness was identified as having the greatest impact on the demand for Islamic banking products, while reputation, attitude, and religiosity were determined to be the second, third, and least impactful factors, respectively.Novelty  — This research is pioneering in a country like Sri Lanka, where it is still in the developmental stage, and the majority of the population is non-Muslim. The findings offer valuable insights for policymakers in the Islamic banking and finance sectors, guiding them in formulating strategies to attract a broader customer base for their products and services among both Muslim and non-Muslim customers.
Enhancing financial stability in Islamic banks: An investigation of determinants during the COVID-19 in Indonesia Putri, Ardita Herniati; Zulpawati, Zulpawati; Syapriatama, Imronjana; Mas'ud, Riduan; Aminy, Muhammad Muhajir; Rooly, Mohamed Saleem Ahamed Riyad
Journal of Enterprise and Development (JED) Vol. 6 No. 2 (2024): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v6i2.10054

Abstract

Purpose — This study investigates the determinants of Islamic banks' stability in Indonesia amidst the Covid-19 pandemic.Method — Employing a causality-associative quantitative approach, the research utilizes purposive sampling and secondary data collection from monthly financial reports on the official websites of OJK (Financial Services Authority) and BI (Bank Indonesia). Statistical techniques including normality test, multicollinearity test, t-test, f-test, R2 test, and multiple linear regression, aided by SPSS version 22 and Microsoft Excel, are employed for data analysis.Result — The results reveal that Islamic banks' total assets significantly positively influence their stability in Indonesia. Additionally, variables such as Operational Costs to Operational Income (OCOI) ratio and BI 7-Day Reverse Repo Rate (BI7DRR) exhibit significant negative effects on Islamic banks' stability. Practical implications — Understanding the influence of total assets, Operational Costs to Operational Income (OCOI) ratio, and the BI 7-Day Reverse Repo Rate (BI7DRR) on Islamic banks' stability in Indonesia during the Covid-19 pandemic can guide policymakers and bank management in implementing measures to strengthen resilience and mitigate risks, such as strategic asset management and cost optimization strategies.
The Impact of Cost Management Practices on Firm Profitability of Sri Lankan Manufacturing Companies during the COVID-19 Rooly, Mohamed Saleem Ahamed Riyad; Nimsith, Subaideen Issath; Badriati, Baiq El
Journal of Enterprise and Development (JED) Vol. 6 No. 3 (2024): Journal of Enterprise and Development (JED)
Publisher : Faculty of Islamic Economics and Business of Universitas Islam Negeri Mataram

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.20414/jed.v6i3.11142

Abstract

Purpose: This study examines the effect of cost management practices on the profitability of listed manufacturing companies in Sri Lanka, focusing on the application of Activity-Based Costing (ABC) during the COVID-19 pandemic.Method: The study employs quantitative methods to analyze secondary data from the annual reports of 70 listed manufacturing companies between 2019 and 2023. Data analysis was conducted using SPSS software, including tests for correlation, multiple regression analysis, data stationarity, autocorrelation, and multicollinearity.Result: The findings reveal a significant negative correlation between direct material costs and profitability, suggesting that effective management of material costs through ABC enhances financial performance. Similarly, direct labor costs also show a significant negative relationship with profitability, emphasizing ABC's role in optimizing labor costs to increase profits. Factory overhead costs exhibit a significant negative correlation with profitability, highlighting ABC's effectiveness in reducing non-productive overheads. In contrast, administrative expenses have an insignificant impact on profitability, indicating the limited efficacy of ABC in managing these costs. Overall, the results affirm ABC's utility in controlling production-related costs but suggest the need for alternative strategies for managing administrative expenses.Practical Implications for Economic Growth and Development: The study emphasizes the importance of efficient cost reduction methods, which can improve firm productivity, increase profitability, and support stability and economic recovery in the post-pandemic period.
Co-Authors Aminy, Muhammad Muhajir Azizoma, Rusman Baiq Elbadriati Bintang Pratiwi, Bintang Ilma, Fathima Imronjana Syapriatama Mas'ud, Riduan Naili Rahmawati Nimsith, Subaideen Issath Putri, Ardita Herniati Zulpawati Zulpawati