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Journal of Islamic Management Studies: Vol.4, No.2, 2021, pp.1-2, e-ISSN: 2600-7126

Editor-in-chief: Deputy Editor-in-Chief:

Professor Dr. Khaliq Ahmad Professor Emeritus Dr. Mohamed Sulaiman Associate Editor: Editorial Assistant:

Prof. Dr Suhaimi M Sarif Dr. Mohamed Noordeen Mohamed Imtiyaz

Editorial Review Board

Prof Emeritus Dr Mohamed Sulaiman (Formerly from IIUM/USM, Malaysia)

Prof Dr Mohd Madi Abdullah (UNITAR, Malaysia)

Prof Dr Faridah Hj Hassan (UiTM, Malaysia)

Prof Syed Azizi Wafa (UMS, Malaysia)

Prof Shukri Yazid (UNISZA, Malaysia)

Dr Gholam Reza Zandi (University Kuala Lumpur, Malaysia)

Dr Abdul Kadir Othman (UiTM, Malaysia)

Dr Noorlida Jaafar (UiTM, Malaysia)

Dr Sany Dwita (Padang State University, Indonesia)

Dr Maimumah Mohd Shah (UiTM, Malaysia)

Dr Isnurhadi (Universitas Sriwijaya, Inderalaya, OI, Sumatera Selatan, Indonesia)

Dr Muhammad Sabbir Rahman (North South University, Bangladesh)

Dr Muhammad Aftab Anwar (Eastern University, Bangladesh)

Dr Omar Bhatti (Iqrar Islamic University, Pakistan)

Dr Waqas Farooq (Lahore Muslim University, Pakistan)

Dr Osman Abdulkerim Yussuf (Georgia, USA)

Dr Azura Azhar (UPM, Malaysia)

Dr Ali Salman (UKM, Malaysia)

Dr Rita Zaharah Wan Chik (Universiti Kuala Lumpur, Malaysia)

Dr Mohamad Hisyam Selamat (SEGi University, Malaysia)

Dr Mohammad Hudaib (The Business School, University of Glasgow, UK)

Dr Aimatul Yumna (Padang State University, Indonesia)

International Advisory Board

Prof Dr Afzal Rahim (Northern Kentucky University, USA)

Prof Dr Shafiqur Rahman (Portland State University, USA)

Prof Dr Zahir Quraeshi (Western Michigan University, USA)

Prof Dr Ali Dastmalchian (San Francisco, USA)

Prof Dr Ali Alkahtani (King Abdul Aziz University, Saudi Arabia)

Prof Dr Badia Perzade (Universitas Sriwijaya, Palembang, Indonesia)

Prof Dr. Aliakbar Arabmazar (Shahid Behesti University, Iran)

Dr Aminu Maman (University of Manchester, UK)

Dr Islam Muhammad Salim (Raf International University, Kenya)

Professor Dr Roszaini Haniffa (Heriot-Watt University, UK)

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Table of Contents

Editorial Note 1-2

ARTICLES

Factors Determine Students’ Perception on Cash Waqf 3-17 Awareness in Malaysia

Dzuljastri Bin Abdul Razak, Mohamed Noordeen Mohamed Imtiyaz Ariji Naji, Hamadah Azzam, Fatimah Hassan and Ainul Syahidah

Islamic Value and Buying Intention Towards Suspecting 18-25 Haram-Content Beverage Products in Islamic Countries:

Developing a Conceptual Framework

Ahasanul Haque, Faruk Ahmed and SMK Kabir

Empowering Ta’awun (Mutual Cooperation) among Private 26-36 School Teachers in Sustaining Sejahtera Occupational Safety

and Health Environment

SM Sarif, Y Ismail, R Yahya and A Nabi

Analysis of Students’ Satisfaction and Service Quality Gap 37-53 for Private Universities of Bangladesh

MMI Hossin, R Islam and D Zainudin

Determinants of Herding Behaviour on Financial Decisions: 54-67 A Theory of Planned Behaviour

CMS Marhanum, MNA Fawwaz, MAM Chowdhury

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1 Editorial Note

The five contributions to this second issue of Volume 4 of Islamic management series and Islamic strategic management policy prescriptions represent the multitude of scales and approaches to address questions of issues in Islamic management and policy as well as the Ummatic scope of this journal. They touch upon aspects of ethical and values assessment as well as institutional, Islamic environmental and behavioural ecosystem of management studies. All four studies expand the frontier of intellectual insights by offering methodological advancements and contributing to contemporary challenges in management, which are of high scientific as well as practical relevance in the field of mundane life of organisational management.

In the first article the authors discussed issues related to Islamic social finance which entitled,

‘Factors Determine Students’ Perception on Cash Waqf Awareness in Malaysia’. The issues are perception of cash waqaf, Malaysian Waqf Institution- Roles and Its Scheme in Education and Financial Literacy on Cash Waqf Program. Overall, this research tries to find out the students’

perception on cash waqf awareness based on the level of cash waqf acceptance, practice, and expectations. The result showed that the cash waqf acceptance and expectations play a significant role toward students’ perception. Conversely, cash waqf practice has no significant correlation on students’ perception is finding of the paper. In accordance with the F test, all independent variables had a significant correlation toward students’ perception simultaneously. Whereas, according to the T test, only variables of “Acceptance” and “Expectations” which had a significant correlation toward students’ perception partially are discovered. Therefore, to increase students’ perception on cash waqf, the acceptance for cash waqf need to enhance and the expectations for it should be improved are some of the recommendations of the study.

The following paper, ‘Islamic Value and Buying Intention towards Suspecting Haram-Content Beverage Products in Islamic Countries: Developing a Conceptual Framework’ is need of the hour.

Islam has a positive effect on a human being for its comprehensive guidelines for showing both worldly and heavenly peace in life. Conventional ethics could not perfectly shape harmless, peaceful human behaviour at work and in life because of its concentration on materialistic or worldly views. Fear to Almighty Allah protects human beings from doing work harmful to himself and others, whereas it is absent in conventional ethics because other religions permit alcoholism that influences people to violate every religious code for their worldly life. In another way, secular politics bounds alcoholic and non-alcoholic people with its worldly laws and regulations, and willingly or unwillingly slide them away from codes of religion. Islam can aid in avoiding suspected haram-content beverage products for its power of haram-halal codes since alcoholism is prohibited in Quran. According to Usul-Al-Fiq, pork and other animal fat used in various food and beverage products are harams since eating pork is listed in haram codes in Quranic prescriptions.

In this study, a conceptual framework is developed to provide an insightful linkage between Islamic beliefs (personal, family, social, and institutional beliefs) and purchase intention towards haram- content suspected beverage products. This could help Muslim users.

Thirdly the article entitled, ‘Influence of Ta’awun (Mutual Cooperation) and Sejahtera Leadership in Sustaining Community Engagement’ deals with cooperation. The community engagement in UN’s sustainable development goals in educational courses in the university is a practical initiative to develop, maintain and sustain the actions of the SDGs. Individuals and organizations can align themselves with the seventeen (17) Sustainable Development Goals (SDGs) formulated by the United Nations. Besides the classroom lectures and in-class discussions, the awareness of SDGs could be increased by involving students of higher learning in SDG-related projects. The learning- by-doing theory in this research paper is being operationalized by requiring the undergraduate students to identify suitable target facilities and service providers on campus. This was aimed to

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conduct a study and provide recommendations to make these targets SDGs friendly in mundane life.

The article entitled, ‘Analysis of Students’ Satisfaction and Service Quality Gap for Private Universities of Bangladesh’ has objective of researching students’ perception of quality education in Bangladesh. Students play an important role in sustaining and maintaining educational institutions in a competitive environment. They have their intended views, and they have their requirements too. To maximize learners’ satisfaction, institutions are expected to pay adequate attention to fulfilling their expectations/requirements. In this study, the students of various private universities in Bangladesh provided their level of expectations on 45 items belonging to eight dimensions of educational service quality. The respondents also provided their level of satisfaction with the same items of those eight dimensions. Significant gaps have been identified between students' expectations and their level of perception. The management team within private higher education institutes is expected to take the findings of this research in its future redesigning exercise of the private higher education institute's initiatives and providing quality services. This may push them one step forward to their vision to provide excellent private higher education institutes services to students, parents and community at large. The research findings are equally useful to other similar institutions for efficient and effective operation.

Finally, the authors discussed issues related to theory of TPB, which is entitled as ‘Determinants of Herding Behaviour on Financial Decisions: A Theory of Planned Behaviour’ discusses factors that influence herding behaviour among university lecturers in Malaysia. This study adopted a quantitative research methodology of data collection through questionnaires on Planned Behaviour chose to identify the significant factors that influence individuals’ herding behaviour in making financial decision. The sample of 125 university lecturers were studied whereby data were analysed using multiple regression analysis. Overall, attitude and behavioural control is found to have significant influence towards individuals’ herding behaviour. The findings from this study indicate the unfavourable attitude towards herding behaviour among lecturers which lessen the possibility of engagement of individuals in financially related herding activities. Hence, behavioural control is found significantly influenced the individuals’ herding behaviour. The findings elucidate positive impact of behavioural control towards any individuals’ financial decision including herding. It indicates that financial institutions that have strong marketing approach and skills may influence individuals’ financial decision making.

It is our understanding that this issue number 2 of vol. 4 of Journal of Islamic Management studies will be useful reading materials for management community. Feedback is always welcome.

Dr Khaliq Ahmad

Professor in ISTAC, IIUM [email protected] Editor-in-chief

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