In Against the gods: the remarkable story of risk (1996), Peter L. Bernstein illustrates how the mastery of risk has driven modern Western society into converting 'the future from an enemy into an opportunity'. Far from being an antagonist, as the unpredictable whim of gods or mysterious fate,...

In this study, we attempt to document the progress in Islamic banking industry of Pakistan towards fostering an egalitarian and equitable financial intermediation. We use a set of quantitative indicators to objectively asses the performance of Islamic banks towards fostering a participative,...

The purpose of this paper is to determine the level of financial inclusion in OIC countries which operate Islamic Banking and the link between financial inclusion and the development of Islamic finance. This study investigates the role of Islamic finance to financial inclusion which included the...

Since the introduction of Islamic Financial Services and subsequent professionalization of the subject, there has always been a scarcity of reading material in the area and the author and the publishers, at the very outset, deserve compliments for fulfilling this gap by providing an authentic...

This paper focuses on the corporate governance arrangements of institutions offering Islamic financial services (IIFS) aimed at protecting stakeholders' financial interests. Many IIFS corporate governance issues are common with those of their conventional counterparts. Others are distinctive. In...

The purpose of the current study is to investigate the role of the Islamic financial system in recovery post-COVID-19 and the way Fintech can be utilized to combat the economic reverberations created by COVID-19. The global financial crisis of 2008 has established the credentials of the Islamic...

Purpose – This paper aims to define a methodology to assess the impact of introducing Islamic finance on financial inclusion.Design/methodology/approach – The paper is based on a literature review to understand the link between Islamic finance and financial inclusion. The second part of the...

Purpose This study aims to develop a Sharīʿah-compliance rating mechanism for the Islamic financial services industry (IFSI), with a special focus on banking. The banking sector is taken as the area of focus due to its leadership role in the volume of global Sharīʿah-compliant assets....