The sustained current account deficit in any country has an important implication for policy. If it continues, then it suggests that the regime ought to have no motivation to avoid or to diminish its international debt. In this paper, we test empirically the relationship among current account...

The sustained current account deficit in any country has an important implication for policy. If it continues, then it suggests that the regime ought to have no motivation to avoid or to diminish its international debt. In this paper, we test empirically the relationship among current account...

A gradual convergence of Islamic finance towards interest-based conventional finance is one of the major concerns in the progress of Islamic finance. An important reason for this one-way convergence in the rates of returns of the two sectors is the dominance of Islamic banking in the composition...

Chapter 1: Introduction -- Chapter 2: Need to Redefine Islamic Finance in The Light of Maqasid Al-Shariah -- Chapter 3: Pandemic Crisis, Digitalization and Social Responsibility: An Emerging Role of Islamic Economics and Finance -- Chapter 4: Sustainable Finance And A Shari’ Analysis Of The...

The book is a collection of chapters discussing the Sustainable Development Goals in the broader context of Islamic finance along with mapping the SDGs with Maqasid Al-Shariah. It provides a framework for both Muslim and non-Muslim countries to develop a sustainable economy which encompasses not...

The 2008 financial crisis are quite noteworthy in terms of exposing the volatility in the risk appetite of the global markets. The instantaneous and collective movements of the investors’ risk preferences have attracted the attentions to the concept of risk, which is one of the fundamental...