This paper aims at clarifying the concept of Islamic Financial System (IFS), as part of the whole Islamic economic system and its viability to be applied nowadays. The paper included exploring the nature, origin, distinctive criteria, unique features, goals of IFS and the means to achieve them,...

On 23rd February 2017, SUERF and EY organized a conference on "Brexit and the Implications for Financial Services" at EY's offices, Churchill Place, Canary Wharf, London. While the outcome of the Brexit negotiations remains highly uncertain, the conference discussed the burning questions for...

This paper is an introductory survey of bankruptcy and insolvency theory and practice relating to the introduction of Shari'ah principles into secular bankruptcy and insolvency regimes in both jurisdictions that incorporate the Shari'ah, to some extent, into the secular law of the jurisdiction...

This article explores empirically the assertion that Islamic Banks have higher credit risk than Conventional Banks. A definition, identification and the way to manage credit risk are given to each Islamic financial tool. This risk is, then, measured on nine Islamic and nine Conventional Banks,...

The purpose of this study is to analyse the performance of Islamic banks in terms of profitability of GCC region during 2008 global financial crisis. Bank specific data are taken from the Bank Scope database and macroeconomic data are collected from International Financial Statistics. Using a...

In less than a decade, the Islamic Banking (IB) industry has become an essential part of the global financial system. During the last ten years, the IB industry has witnessed changes in economic conditions and proved to be resilient during the periods of financial crisis. This paper aims to...