Volume 3, No.1 February 2013


Differences of Conventional & Islamic Banking Practices: An Empirical Analysis in Bangladesh
Md. Ferdausur Rahman, Nusrat Sultana, and Abul Bashar Bhuiyan
The main purpose of the study is to evaluate the difference between conventional banking system & the Islamic banking system as per theoretical and practical banking. To achieve the objectives of the study, both of primary and secondary data have been collected from the three conventional banks i.e. SBL, ABL, JBL and three Islamic banks i.e. IBBL, SIBL, AAIB in Bangladesh. The used descriptive statistics techniques to analysis of the distinctive features of Islamic banking system specially its concern about the detailed description of interest and profit calculation, Accounting system of Islamic and conventional banking in Bangladesh. The study identified that the perfectness & satisfied the banking neediness of general public regardless of religion, nation, country, culture, customs, belief in the society. The study reveals that Islamic Banking is practicing more convenient comparing to conventional for offering customers. The study also identified that the Islamic banking system has to face some questions about its purity in Islamic concept since beginning times.
Keywords: Islamic banking, conventional banking, Bangladesh.
The Influence of Motives and Internal Factors in Selecting Markets Entry Mode: A Case Study of Internationalization of Herbs and Food Industries Sdn. Bhd. Company
Bibi Noraini Mohd Yusuf
The main purpose of this study was to examine the “motives and internal factors of Small Medium Enterprise companies (SME’s) that trigger the selection of appropriate mode of entry for their company”. This study will focussolely on issues as to why do (SME’s) decide to venture abroad and how do they select their mode of market entry. For better understanding of this project paper topic, several questionnaires have been formulated on these issues by focusing on the motives for business internationalization, approaches to foreign market entry modes and influence of internal factors. All the data were collected from experienced business personnel and officers that were directly involved in international market and having served in companies having international market department. The respondent that was chosen for this paper work was Herbs and Food Industries Sdn. Bhd. located in Perlis, Malaysia. However only one person who worked asan Assistant Manager, Marketing and Public Relations Department of Herbs and Food Industries Sdn. Bhd was chosen as a sample for this study. A qualitative approach was chosen as the most likely suitable method in order to provide the feedbacks for this research. Direct interview wasone of the methodologies applied to get an accurate and specific data for this project paper. Secondary data, such as web sites, administrative records and others, shall alsobe used in this paper 
Keywords: mode of foreign market entry, motives for business internationalization, internal factors influencing company’s venturing into international markets
Poverty Alleviation through Mosque Based Zakat Management: An Empirical Study in Bangladesh
Md. Ferdausur Rahman, Md. Ismail Hossain, and Md. Abu Sina
Poverty is a curse in the modern capitalistic world. To alleviate this crucial problem, almost all government of 230 countries in the world adopts many tools. Many Non Government Organizations also try to contribute. But the result is worse from bad. This study shows that Zakat is the tool that can eliminate poverty completely within a number of years. It suggests that mosque based Zakat management is easier and appropriate form for Zakat collection and distribution. It also reveals that by applying this Mosque Based Zakat Management, Bangladesh will be a Poverty free country within a short period of time.
Keywords: poverty, poverty alleviation, zakat, zakat management, mosque based zakat management
A Study on Relationship between Project Management Function, Technology Utilization and Project Performance
Hafnidar Abdul Rani, Che Sobry Abdullah and Shahimi Mohtar
This study investigates the relationship of three main variables: project management function, technology utilization, and project performance. Project management function element is made operational by the nine constructs; and the technology utilization element examined in this study focuses on three factors. Data were collected by using questionnaire survey approach. This study employed stratified random sampling procedure in selecting the construction organizations to be included in the sample. Four hundred and forty eight Aceh construction organizations participated in this study. A bivariate pearson product-moment correlation analysis was utilized for hypotheses testing. In general, all dimensions of related project management positively function with the dimensions of project performance with the value of the correlation ranged between r=0.165and r = 0.482, and a one-tailed test of statisticalsignificanceat significance level p <0.01. Correlation analysis resultsalso show that all the variables of technology utilization and project performance are significantly and positively correlated with the correlation between r = 0.245and r = 0.550, and a one-tailed test of statistical significance at significance level p <0.01. The outcome of this study provides vital information on the relationship between project management function, technology utilization and project performance in Aceh construction organizations. This study also provides an insight into further understanding on the issue of interface between project management function, technology utilization and project performance.
Keywords: project management, project management function, technology utilization, project performance, bivariate pearson product moment.
Assess the Success of the Malaysia Fiscal Stimulus Package in Response to the Economic Slow Down of 2009
Ilyas Abdullah and Nurul Saadatun Nadiah Mohd Ngah
The global financial crisis has been hit hard the Malaysia economy and give the negative impact on overall economy and the labor market. According to World Bank Report 2009, Malaysian exports fell by 33.9 percent year-on-year in January and by 35.9 percent in April 2009. Since the beginning of the crisis the unemployment rate has increased compel the government to find the best solution in mitigating the impact of the financial crisis. Through the stimulus package introduced by the Malaysia Government, this policy has played a huge role in promoting employment by giving the tax exemption for doing business as well as stimulating the automobile industry by giving the rebate to buy a new car. The government allocating over RM60 billion aims to increase the employment through on job training programs organized by private sector and government link companies (GLC) especially for graduate. Through this program it able to create 50,000 vacant post and 13,000 contact posts in the public sector. Under the stimulus package, the government also allocate over RM19 billion to building the capacity for the future where RM2.4 billion has been spent for telecommunication, RM250 million for airport to expand the low cost carrier terminal (LCCT) to attract vacationers by adding the frequency of airways operation. Needless to say, the strategies taken by Government under the stimulus package able to drive Malaysia economy out from the great recession as hit by the neighboring countries.
Keywords: economy stimulus package, unemployment, economy growth
A Study on Customer Interface Satisfaction by using TAM and SERVQUAL Dimension on the Use of Technology Job Search Website in Malaysia: A Case Study
Shahimi Mohtar, Mohammad Ghozali Hassan, Norlena Hasnan
Nowadays, many companies have been using their websites to share job opportunities with job seekers. This paper aims to provide further explanation about the customer interface satisfaction on the use of job search website in Malaysiausing technology acceptance model (TAM) and service quality (SERVQUAL) in the case of Universiti Utara Malaysia (UUM) students. Furthermore, the conceptual framework which the researcher attempts to operate in this study includes TAM, SERVQUAL and Customer Satisfaction. More than 100 surveys in both questionnaires and online surveys were distributed to UUM final year students who have used job search website. The result of this study revealed significant relationships between TAM, SERVQUAL and interface satisfactions of job search websites.
Keywords: job search website, Malaysia, TAM, SERVQUAL, customer interface satisfaction
Investigating the Relationship between Quality Management Principles, Conformance and Non-Conformance Cost of Quality, and Organizational Performance
Muhammad Shahar Jusoh, Arman Hadi Abdul Manaf, and Mohammad Harith Amlus
This paper examines the components of cost of quality (using the conformance cost of quality and non-conformance cost of quality method) in the context of Malaysian construction industry. Cost of quality becomes an important issue for organizations to consider since the cost of quality is one of the quality management practices (tools and techniques) to achieve the Total Quality Management (TQM) in an organization. However, in the Malaysian context there is still lack of researches that seek to understand the best cost of quality practices especially in construction industry. This paper attempts to discuss the conceptual model between selective quality management principles, conformance cost of quality, non-conformance cost of quality and organizational performance (OP) in the process of identifying the best practices for Malaysia construction industry. This study proposes four quality management principles and tries to investigate the effect of these principles on organizational performance. Since the relationship between the quality management principles and organizational performance is widely discussed by the previous researchers, therefore this study therefore aims to understand the role of conformance cost of quality as a mediating variable and non-conformance as an intervening variable in selective quality management principles and an organizational performance relationship. The outcome of this research may offer a better outcome in the organizational performances namely productivity improvement and customer satisfaction.  
Keywords: Cost of quality, Construction industry, Conformance cost of quality, Non-conformance cost of quality, Organizational performance, Quality management principles.
Syari’ah Compliance and Lawful Profit Making Dilemma in Malaysian Islamic Banks
Waeibrorheem Waemustafa and Suriani Sukri
The significant roles of syari’ah and Islamic banking undeniably critical in order to ensure about compliances to the Islamic principle this in turn provide a very conclusive picture whether Islamic banks truly concerns about Islamic requirement when introducing any type of product that might have any significant effect on its marketability, however the terms used in Islamic banks currently are highly suspicious of being involved in unlawful practices as mentioned in the holy text Al-Quran, this has triggers the increased concerned about the strength of relationship between syari’ah compliance and profitability. The trade-off between profit and syari’ah compliance has remained one of very important issues which they must be addressed to ensure that Islamic banks are not only profit making financial institution but it also very concerns about the roles of Islam and the way that profit is gained to avoid making any profit that against the principle of syari’ah.
Keywords: Islamic banking, financing concept, profit and loss sharing, Maqasid al-syari’ah and theory of profit
Analisa Jurang Pelaksanaan Amalan 5S: Kajian Kes Jabatan Pentadbiran Di Universiti Utara Malaysia (UUM)
Mohd Norhasni Mohd Asaad, Rushami ZienYusoff dan Sany Sanuri
Globalisasi pasaran, produk dan perkhidmatan yang berdaya saing, krisis ekonomi yang tinggi adalah faktor yang paling kritikal yang mempengaruhi kejayaan syarikat-syarikat pembuatan di pasaran global. Seiring dengan pengembangan global, kerajaan Malaysia melalui  Unit Pemodenan Tadbiran  dan Perancangan Pengurusan Malaysia (MAMPU) telah merancang  langkah-langkah transformasi perkhidmatan awam bagi meningkatkan tahap penyampaian perkhidmatan. Terdapat usaha-usaha untuk memantapkan pengurusan pejabat melalui pengenalan amalan 5S(Sisih, Susun, Sapu Seragam dan Sentiasa Amal).Walaupun banyak kajian yang telah dijalankan di dalam industri telah membuktikan amalan 5S membantu meningkatkan prestasi namun masih sedikit kajian amalan 5S yang dijalankan terhadap sektor perkhidmatan awam. Hasil kajian terdahulu mendapati terdapat organisasi yang berjaya melaksanakan 5S dan tidak kurang juga yang mengalami kegagalan. Oleh sebab itu kajian ini memberi fokus terhadap jurang pelaksanaan 5S di jabatan-jabatan pentadbiran UUM. Sebanyak 61 buah  jabatan pentadbiran UUM  terlibat  dalam penilaian amalan 5S. Hasil kajian menunjukkan  tahap pelaksanaan amalan 5S di UUM  melebihi tahap sederhana dan menjurus kepada tahap yang baik. Kebanyakan jabatan di  UUM memperoleh pengiktirafan dua hinggatiga bintang. Hanya sebuah jabatan yang telah mencapai pengiktirafan lima bintang.  Amalan 5S di UUM boleh dipertingkatkan  dengan memberi penekanan  kepada kategori pembudayaan dan kategori inovasi & penambahbaikan berterusan.
Kata kunci:  5S, prestasi organisasi, budaya organisasi, inovasi
Hubungan Antara Gaya Kepimpinan Transformasi, Transaksi dan Laissez-Faire dengan Persepsi Terhadap Sokongan Organisasi
Md Lazim Bin Mohd Zin, Hadziroh Binti Ibrahim, dan Faridahwati Binti Mohd Shamsudin
Kajian ini mengenal pasti hubungan antara gaya kepimpinan transformasi, transaksi dan laissez-faire dengan persepsi terhadap sokongan organisasi dalam kalangan pekerja profesional teknologi maklumat.  Bagi mencapai objektif ini, sebanyak 832 soal selidik telah dihantar menerusi pos kepada wakil organisasi yang telah bersetuju untuk terlibat dalam kajian ini.  Daripada 220 soal selidik yang telah diterima semula, hanya 178 soal selidik boleh digunakan untuk analisis selanjutnya dan menghasilkan kadar maklum balas sebanyak 21.39 peratus. Analisis regresi berganda digunakan untuk menguji hipotesis kajian. Hasilnya menunjukkan bahawa hanya gaya kepimpinan transformasi dan laissez-faire mempunyai hubungan yang signifikan dengan persepsi terhadap sokongan organisasi.  Manakala, hubungan antara gaya kepimpinan transaksi dengan persepsi terhadap sokongan organisasi adalah tidak signifikan.  
Kata kunci: Persepsi terhadap sokongan organisasi, gaya kepimpinan transformasi, gaya kepimpinan transaksi, laissez-faire, pekerja mahir teknologi maklumat.