Tabung Haji (TH) is a short synonym for Lembaga Urusan dan Tabung Haji Malaysia (The Pilgrims Management and Fund Board of Malaysia) started its operation in 1963 to assist the Muslim/rural community in Malaysia with the financial costs of performing the hajj to Saudi Arabia. TH acts as an institution of savings for Muslims to fulfill their religio

Greek philosophy had introduced a methodology for interpretation known as allegory. Generally, it means that beneath the apparent meaning of a story is concealed another, more important meaning. This kind of interpretation was very common in Greek's antiquity and was later adopted by Muslim philosophers. Subsequently, Muslim Mufassirun (Qur'

This paper presents a study of estimating bearing capacity of shallow sites using an alternatives method, which is nondestructive in nature without performing any borehole. Initially, two important parameters, which are, shear wave velocity profile and damping collected by means of Spectral Analysis of Surface Waves method. Shear waves velocity use

Process modeling and optimization are two important issues in today’s manufacturing. It is important, in metal cutting, to select the machining parameters to ensure high quality of machining products, reduce machining costs and increase machining efficiency. Nowadays surface roughness and accuracy of product is getting greater attention in the in

Purpose With the continuing development of the financial technology revolution, a better understanding of bank deposits variability has become necessary for bank management and policymakers, especially central banks. This is because the novel innovations of cryptocurrencies operate beyond the realm of the banking system, which may impact the perfor

As crypto-currencies hold dual nature of a medium of exchange (currency) and an investment asset, some questions may arise about the potentiality of including crypto-currencies as liquid investment asset in financial institutions particularly in the banking sector to enhance their liquidity risk management and improve their portfolio diversificatio

Bank stability and trust levels have been seriously affected by the 2007–2008 Global Financial Crisis, which led to the identification of a range of policies based on past experience intended to overcome the consequences of the crisis. The idea of cryptocurrency was introduced to handle the mistrust of financial intermediaries that led to the liq

Purpose – This paper aims to examine whether the crypto-currencies’ market returns are symmetric or asymmetric informative, through analysing the daily logarithmic returns of bitcoin currency over the period of 2011-2017. Design/methodology/approach – In doing so, the symmetric informative analysis is estimated by applying the generalised aut

This study investigates whether symmetric and asymmetric volatility effects are persisted in the daily return series of Bitcoin currency compared to the gold and fiat money system using GARCH family models. The symmetric analysis shows that the three monetary systems exhibit time-varying volatility with high persistence and predictability behaviour

In a dual capital market system such as in Malaysia, the possibility for investors to choose either the Islamic funds or the conventional funds is highly likely depending on the performance of the funds. While some investors would adhere to the requirements of the Sharīʿah in making their investment decision, there remains many who are guided pur