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This research examines the economic origins of Islam and uncovers two empirical regularities. First, Muslim countries … (i) determined the economic aspects of the religious doctrine upon which Islam was formed, and (ii) shaped its subsequent … had to remain within limits for Islam to persist. This was instituted via restrictions on physical capital accumulation …
Persistent link: https://www.econbiz.de/10008729038
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Purpose – The paper attempts to analyze the volatility of returns and expected losses of Islamic bank financing. In particular, it takes the case of Indonesian Islamic banking industry. Design/methodology/approach – The paper uses Value at Risk (VaR) approach to compute the volatility (risk)...
Persistent link: https://www.econbiz.de/10009245372
Purpose – The purpose of this paper is to compare the criteria used among Islamic Indices, specifically between the Kuala Lumpur Stock Exchange Shari'ah Index (KLSESI) and the Dow Jones Islamic Market Index (DJIM) in screening a permissible company for investment purposes. The two...
Persistent link: https://www.econbiz.de/10009245373
Purpose – The purpose of this paper is to provide empirical evidences on the impact of financial shocks on the Islamic banks vis-a-vis the conventional banks. Based on the Malaysian experience over two major financial crises, namely the 1997 Asian financial crisis and 2007 financial crisis,...
Persistent link: https://www.econbiz.de/10009245375
Purpose – The purpose of this paper is to explore whether any discrepancy exists between the corporate social activities disclosed in the annual reports of Islamic banks and the corporate social responsibility (CSR) disclosure index which has been developed based on the Islamic business ethics...
Persistent link: https://www.econbiz.de/10009245376
Purpose – The 2008-2009 crisis had no significant impact on the Turkish banking system (TBS), with the TBS achieving a record level of profitability in 2009. The strong position of Turkish banks against the global crisis is attributed generally to the good regulation and risk management in the...
Persistent link: https://www.econbiz.de/10009245377