What attracts conventional investors to Islamic financial instruments? We answer this question by comparing Malaysian … Islamic and conventional security prices and their response to macrofinancial factors. Our analysis suggests that Islamic and … conventional bond and equity prices are driven by common factors. Likewise, especially in recent years, Islamic banks have …

Sukuk, the shari’a-compliant alternative mode of financing to conventional bonds, have expanded considerably over the …

Islamic and cooperative banks such as credit unions are broadly similar in that they both share some risk with savers …. However, risk sharing goes along with ownership control in cooperatives, whilst Islamic banks share risk with borrowers and … downside risk with depositors. Islamic banking is consistent with mutual ownership, which may ease some of the governance and …

could introduce Islamic financing windows within the conventional system and facilitate sukuk issuance to tap foreign …Islamic finance is a fast growing activity in world markets. This paper provides a survey on Islamic Finance in SSA …. Ongoing activities include Islamic banking, sukuk issuances (to finance infrastructure projects), Takaful (insurance), and …

The provision and use of financial services and products that conform to Islamic religious principles pose special … management in Islamic financial institutions has assumed particular importance as they endeavor to cope with the challenges of … and institutional arrangements to provide an enabling operational environment for Islamic finance. The recent …

Islamic lending transactions are governed by the precepts of the shariah, which bans interest and stipulates that … income must be derived as return from entrepreneurial investment. Since Islamic finance is predicated on asset backing and …. This paper explains the fundamental legal principles of Islamic finance, which includes the presentation of a valuation …