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Aceh International Journal of Social Science
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Core Subject : Social,
Welcome to the first issue of Aceh International Journal of Social Sciences (AIJSS). As a quarterly published journal, the AIJSS promotes dialogue and scholarship about social issues, particularly in the context of Aceh.
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Articles 6 Documents
Search results for , issue "Volume 1 Number 2, December 2012" : 6 Documents clear
Liquidity Risk Management And Financial Performance In Malaysia: Empirical Evidence From Islamic Banks Mohd Ariffin, Noraini
Aceh International Journal of Social Science Volume 1 Number 2, December 2012
Publisher : Aceh International Journal of Social Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (25.566 KB)

Abstract

Abstract - Liquidity risk arises from maturity mismatches where liabilities have a shorter tenor than assets. A sudden rise in the borrowers‟ demands above the expected level can lead to shortages of cash or liquid marketable assets (Oldfield and Santamero, 1997). This paper aims to analyse the liquidity risks and disclosure as well as to draw the relationship between liquidity risks and financial performance measures using return on assets (ROA) and return of equity (ROE) of the Islamic banks. Based on selected Islamic banks in Malaysia over the period from 2006 to 2008, the study also attempts to determine the impact of the global financial crisis on the Islamic banks‟ liquidity risks and financial performance. Findings of the study contribute towards enriching the literature on the risk management of the Islamic banks by providing deeper understanding on issues relating to liquidity risk management by the Islamic banks.
Bank Loans and Stock Prices: An Empirical Evidence Bakri Abdul Karim; Lim Siew Lih; Zulkefly Abdul Karim
Aceh International Journal of Social Science Volume 1 Number 2, December 2012
Publisher : Aceh International Journal of Social Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (566.374 KB) | DOI: 10.12345/aijss.1.2.1526

Abstract

Abstract - This study re-examines the interaction between bank loans and stock prices in Malaysia. We use Granger non-causality test proposed by Toda and Yamamoto (1995) in both bivariate and multivariate frameworks and both monthly and quarterly data in examining the relationship between the two variables. Unlike previous studies, we find that there is strong evidence of no causality running between stock prices and bank loans in all models and samples. This finding revealed that stock prices and bank loans are independent. The predictability of stock prices cannot be enhanced considerably through utilizing information on the bank loans.
The Substitution Dilemma In Islamic Finance: Contemporary Muslim Legal Thought on the use of Paper Money Olorogun Lukman Ayinde
Aceh International Journal of Social Science Volume 1 Number 2, December 2012
Publisher : Aceh International Journal of Social Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (569.397 KB) | DOI: 10.12345/aijss.1.2.1527

Abstract

Abstract - Gold and silver became the most widely accepted and circulated form of money in the medieval world. Even though paper money was introduced, state banks continued to store their equivalent in gold. In 1971 the US government abolished the Bretton Woods system and exchanged with the floating or fiat economy system which soon became the standard currency system worldwide. Many economies felt compelled to adopt the new US currency system because of the strength of the all-dominating American dollar and criticism was sparse. Disappointingly, no Muslim government produced legal rulings (fatwas) which rejected the legality of the fiat system and demanded the return to gold and silver backed currency. The single fatwa issued in Saudi Arabia in 1985 concluded that paper currency had completely replaced gold and silver and that all previous Islamic legal rulings issued on gold and silver were now applicable to paper currency. This paper study critically and evaluates the consequences of the Muslim intellectuals and Fiqh Academies‟ approval of substitution of gold and silver by banknotes on the Muslims and their nations.
NEGOTIATING ACEH SELF-DETERMINATION IN INDONESIA’S UNITARY SYSTEM: A Study on Peace Agreement Helsinki Memorandum of Understanding 2005 M. Y. Aiyub Kadir
Aceh International Journal of Social Science Volume 1 Number 2, December 2012
Publisher : Aceh International Journal of Social Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (422.718 KB) | DOI: 10.12345/aijss.1.2.1529

Abstract

Abstract - Aceh, the northern-most province of Indonesia came through long suffering of armed conflicts for self-determination under the Dutch (1873-1942) and Japanese colonisation (1942-1945). It continued until Aceh joined Indonesia‟s unitary system in 1945, in which it was formally initiated by Tgk. Daud Beureueh between 1953-1963, and further to be declared by Tgk. Hasan Tiro on 4th December 1976 under the banner of the Free Aceh Movement (GAM). This struggle was ended by peace agreement, the Helsinki Memorandum of Understanding (MoU) on 15th August 2005 with the Aceh self-government notion consensus. In this regard, Aceh has more spaces and opportunities to re-determine its political, economic, social and cultural status under the Indonesian system. According to the international law, the notion of self-government is considered as internal self-determination under the International Human Rights Law regime. This would refer to two covenants: the United Nations International Covenant on Civil and Political Rights and on Economic, Social and Cultural Rights 1966. However, in practice, despite this ongoing implementation has achieved some progress in short term local political development, yet there are still many challenges for long-term economic, social and cultural advancement objectives, in particular regarding human rights related issues. This paper endeavours to analyse the issue through the overview of historical background of Aceh self-determination from an international law perspective. Hopefully, this paper contributes to a conceptual understanding of the MoU Helsinki in terms of Aceh self-determination movement as well as some challenges ahead.
Liquidity Risk Management And Financial Performance In Malaysia: Empirical Evidence From Islamic Banks Noraini Mohd Ariffin
Aceh International Journal of Social Science Volume 1 Number 2, December 2012
Publisher : Aceh International Journal of Social Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (517.535 KB) | DOI: 10.12345/aijss.1.2.1530

Abstract

Abstract - Liquidity risk arises from maturity mismatches where liabilities have a shorter tenor than assets. A sudden rise in the borrowers‟ demands above the expected level can lead to shortages of cash or liquid marketable assets (Oldfield and Santamero, 1997). This paper aims to analyse the liquidity risks and disclosure as well as to draw the relationship between liquidity risks and financial performance measures using return on assets (ROA) and return of equity (ROE) of the Islamic banks. Based on selected Islamic banks in Malaysia over the period from 2006 to 2008, the study also attempts to determine the impact of the global financial crisis on the Islamic banks‟ liquidity risks and financial performance. Findings of the study contribute towards enriching the literature on the risk management of the Islamic banks by providing deeper understanding on issues relating to liquidity risk management by the Islamic banks.
Finance And Other Services Sectors In Peninsular Malaysia, Sabah and Sarawak : Testing for Stochastic Convergence Muzafar Shah Habibullah; M. T. Hirnissa; A. H. Baharom
Aceh International Journal of Social Science Volume 1 Number 2, December 2012
Publisher : Aceh International Journal of Social Science

Show Abstract | Download Original | Original Source | Check in Google Scholar | Full PDF (997.789 KB) | DOI: 10.12345/aijss.1.2.1525

Abstract

Abstract - In the last four decades, the financial services sector has becoming more important for the Malaysian economy. Despite gaining importance for enhancing economic growth, the contribution of the finance sector to the total services real Gross Domestic Product (GDP) has been ranked second in Peninsular Malaysia, third in Sabah and fourth in Sarawak. The purpose of the present paper is to determine whether the contribution of the financial services sector in the three regions in Malaysia, namely Peninsular Malaysia, Sabah and Sarawak show any distinct pattern. In the jargon of economic development literature, we seek to determine whether there is “convergence” or similarity in the patterns of the performance of the financial services sector among the three regions. Generally, our results suggest divergence of the finance sector and other sub-sector of the services among the three regions.

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