Purpose – The growing demand for alternative investment vehicle which adheres to shari'a principles has prompted other measures to boost the Islamic capital market. Unit trust funds in Malaysia have been growing exponentially and their existence signifies the extent of development in the...

Purpose – The purpose of this paper is to develop and test a theoretical model of the determinants of Islamic banks' social disclosures. In testing the hypotheses, the level of social disclosure in Islamic banks' annual reports is gauged based on a benchmark derived from Islamic principles....

Purpose: The purpose of this paper is to provide an analysis on whether takaful operators actually maintain separated and segregated accounts between the operator and participants’ funds, thereby conforming to Shariah compliance requirements or not. Design/methodology/approach: The research...

Purpose: This study aims to investigate whether a religious environment affects a firm capital structure. Design/methodology/approach: The authors use data from Saudi Arabia with a highly Islamic religious environment. The authors use an extreme bounds analysis (EBA), which provides a reliable...

Purpose: This paper updates the literature regarding the performance of constrained US mutual funds by looking at the relative performance of Christian mutual funds, socially responsible funds and Islamic funds. This paper aims to rank the performance of religious and ethical investment funds....

Purpose: This study aims to investigate the relationship between organization image, awareness effort, customer demandingness, self-efficacy and self-rated performance among salespersons of Islamic banking products in the UAE. It also explores the mediating role of awareness effort and...

Purpose: This paper aims to examine how a central bank (CB) can act as a lender of last resort (LOLR) for both Islamic and conventional interest-based banks by pursuing a Qard-al-Hasan (QH)-based monetary policy (MP). Design/methodology/approach: The role of the CB as LOLR under QH-based MP and...

Purpose: This paper aims to provide an analysis on how takaful operators choose, which takaful model to adopt when managing their insurance operations. Design/methodology/approach: The research uses a qualitative methodology and uses the Kingdom of Bahrain as a case study. A single/holistic...

Purpose: This study aims to explore the governance practices of profit and loss sharing (PLS) financing in connection to the socio-economic development objective of the Islamic financial institutions (IFIs). Design/methodology/approach: The study context included IFIs from Yogyakarta,...