Purpose The purpose of this paper is to explore two main aspects of waqf: the characteristics of waqf property and the management of waqf. This paper also discusses the governance of waqf management as a source of funds for Islamic microfinance institutions (MFIs). Design/methodology/approach...

OBJECTIVES: To evaluate the presence of moral hazard, adjusted for the propensity to have self-purchased insurance policies, employer-based medical benefits, and welfare-associated medical benefits in Hong Kong. METHODS: Based on 2005 population survey, we used logistic regression and...

With decreasing populations and declining resources, rural governments are finding it challenging determining how to make investments in their infrastructure. This paper defines the problem confronting rural governments and develops a process for making infrastructure decisions to maximize...

Purpose – The 2008-2009 global crisis was not only a financial calamity, but also a major ethical disaster. The purpose of this paper is to discuss the dharmic transgressions that took place in connection with the crisis using the philosophy of Bhagavan Sri Sathya Sai Baba, a world spiritual...

Purpose – The 2008‐2009 global crisis was not only a financial calamity, but also a major ethical disaster. The purpose of this paper is to discuss the dharmic transgressions that took place in connection with the crisis using the philosophy of Bhagavan Sri Sathya Sai Baba, a world spiritual...

Purpose – The purpose of this paper is to investigate whether mining can serve as a pathway for economic development despite the environmental externalities. The extensive literature on the “resource curse” phenomenon at the national level generally finds that economic dependence on...

Purpose – The purpose of this paper is to develop principles through which the global economic structure could become more equal and just; it begins by demonstrating that world poverty is pervasive, and that the global economic structure is very unequal. Design/methodology/approach – The...

Purpose – The purpose of this paper is to argue that free market capitalism is neither efficient nor just. This is in spite of the claims made by its proponents who, utilizing Adam Smith's doctrine of invisible hand or the fundamental theorem of welfare economics, assume that it is efficient,...