In eras of intense debates on the appointment of women on corporate boards, this research sheds light on the structure of board in Asian emerging economies by examining how women on board of family businesses separately and collectively affect the dividend announcement of business organizations. On the basis of the panel data of four Asian emerging economies—China, Malaysia, Pakistan, and India—for the period 2010–2018, the results from our Tobit regression showed the adverse (negative) and significant impact of women on boards and in family businesses upon dividend announcement. It is important that policymakers should not view firms with one eye. There should be a spillover on board gender diversity from international to domestic levels, and international firms should be set as an example for domestic firms for the inclusion of women on boards. It might be the best time for Asian emerging economies to take productive action for balancing the gender in boardroom settings, and to set a minimum mass of women on boards for better and more effective decision making.

Corporate governance is a set of rules, regulations, procedures, processes, and practices through which an organization is controlled and directed. The present study aimed to examine the monitoring methods used in Islamic banking, including standardized measures for better performance, an individual’s aptitude towards Islamic financial markets, risk propensity, and the level of efficiency of the Islamic banking industry in Pakistan and Malaysia. There is room to improve monitoring systems for Islamic banking operations and standardized measures could improve efficiency, leading to more sustainable performance. The study uses a self-developed semi-structured scale based on literature and expert interviews, after content and context validity to gain a wide range of diverse information. In Pakistan and Malaysia, individuals’ perceptions are different because of differences in the banking environment and preferences. Eventually, the Islamic banking growth rate may differ in Pakistan and Malaysia. Thus, there should be regular monitoring to improve banking performance. Similarly, standardized measures for Islamic banking operations and governance performance in Pakistan and Malaysia will result in more sustainable performance. The antecedents of Islamic corporate governance could be improved to enhance banking performance, which helps individuals make decisions based on available product information. The business growth of the banking industry is based on convenient monitoring policies, standardized performance measures, and, most importantly, excellent corporate governance mechanisms. Improved monitoring measures will further enhance these business operations.

Islamic Economics refers to financial aspects or monetary activities and processes, which adhere to Islamic standards and teachings. The Islamic Economic System relates to the hypothetical development of an economy whose individuals follow the Islamic faith. This book presents an interesting and timely narrative of the concepts of Islamic economics in the context of Islamic culture. Its purpose is to guide individuals and organizations towards a Shariah-based Islamic Economic System. It begins by introducing the Islamic Economic System; its historical origins are explained in the framework of the verses of the Holy Quran, and in light of the Shariah scholars and the philosophical thinkers of the mid-20th century. It discusses concepts such as the evolution of Islamic Fintech and Artificial Intelligence (AI); the relationship between Islamic corporate governance and Islamic Economics; the distribution of wealth in Islam; Islamic Social Finance; Islamic Economic practices in the banking industry, behavioural norms and moral foundations; and Islamic Economics in Organisation of Islamic Cooperation (OIC) and non-OIC countries. The author emphasizes the principles that set Islamic economics apart from traditional systems, grounded in Shariah evidence and highlights the role of Islamic principles in promoting overall business success and ethical practices in the banking industry, offering comparative analysis between Islamic and conventional models, as well as economic systems. Drawing on a rich array of sources, including the Quran and interviews with renowned religious scholars, the book provides a well-rounded and thoroughly researched argument. This book will serve as a valuable resource for academics, scholars, researchers, and organizations seeking to navigate the complexities of an interest-free economic system guided by Islamic principles. <!----> <!----> <!----> <!---->

This chapter will discuss the incorporation of Islamic corporate governance in Islamic social finance. It will explore how the principles of Islamic corporate governance can be applied to Islamic social finance, and how this integration can enhance the social impact of Islamic social finance. Islamic social finance is the allocation of financial resources with the help of Islamic principles. It is based on Shariah principles. The objectives of Shariah principles help the protection of human faith, life, wealth, progeny, and intellect. There are various Islamic principles which include the following: Zakat Waqf Sadaqah Qard al-Hasan Islamic Fintech is the application of "Fintech" to the fundamental ethical and legal framework of Islamic Shariah. Islamic Fintech, like traditional financial technologies, opens up opportunities for ethical investments, lowers poverty, supports gender equality, and allows easier access to Islamic financial services. Fintech is also becoming more and more popular in the Islamic social finance industry. Beyond the reach of conventional channels, the efficient application of Fintech technologies in the financial services industry can revolutionize the way development financing is raised from society and distributed to the recipients. Fintech applications in the management processes of Zakat, Sadaqat, Waqf, and Qard al-Hassan have made them more streamlined, cost-effective, and easier to access. Islamic corporate governance includes many principles that are followed by companies according to Shariah laws. These principles guide the roles and responsibilities of BODs, management, accountability ethical conduct, social responsibilities, etc. Due to the Shariah principles, business is managed in an ethical and responsible way. Islamic corporate governance enhances the social impact of Islamic social finance. It ensures that the resources are used in the proper way. Some ways in which Islamic corporate governance can be incorporated in Islamic social finance are as follows: Transparency Accountability Fairness Ethical decision-making The Shariah framework is used by Islamic financial institutions to provide effective management, controlling, directing, monitoring, transparency, and accountabilities of the Shariah committee, BODs, and management. <!----> <!----> <!----> <!---->

The Islamic Economic System is based on the rules and ideals established by the teachings of the Quran and the Sunnah of the Prophet Muhammad ﷺ. It encompasses all the aspects of our financial/banking, business, legal, and governance activities. Many countries have implemented the Islamic Economic System with varying degrees of success and in this chapter, we have discussed how successful four of these countries have been in their endeavours. To aid us in our analysis we have used the Global Islamic Economic Indicators (GIEIs) as the benchmark to evaluate our target countries. We selected three OIC countries, that is, Malaysia, Saudi Arabia, and the United Arab Emirates (UAE), and one non-OIC country, that is, the United Kingdom (UK). Malaysia tops the list of the GIEI and is considered the role model of how to implement the Islamic or halal economic system. Saudi Arabia and the UAE are not far behind. The UK is ranked thirteenth on the list. <!----> <!----> <!----> <!---->