This study examines empirically the stability of the demand for money under two different financial systems. One system pays interest on money deposited at the bank and charges interest on bank loans; the other does not pay interest on money deposited in the bank, and enters into a...

Purpose – There is a great deal of research that has been done to investigate the investment characteristics of conventional socially responsible investment portfolios compared to their broader conventional counterparts. However, the impact of incorporating sustainability criteria into the...

Purpose – The aim of the paper is to analyze whether performance measures and their factors for microfinance institutions (MFIs) in Muslim countries are significantly different from those in their non-Muslim counterparts, central to the Islamic scholars' argument that religious and cultural...

Purpose – The aim of this paper is to review the different steps of development of Shariah governance system and to discuss the different practices of Shariah governance in Islamic financial institutions internationally.Design/methodology/approach – The paper has a particular focus on the...

Purpose – The aim of this paper is to review the different steps of development of Shariah governance system and to discuss the different practices of Shariah governance in Islamic financial institutions internationally.Design/methodology/approach – The paper has a particular focus on the...