Despite the huge amount of wealth in the hand of Muslims, most countries with Muslim majority population fall in the category of developing nations. The development of infrastructure has been proven to be an effective means for economic growth and poverty reduction. Usually governments have...

The failure of the different regulatory measures to prevent the frequent occurrence of scandals in the marketplace is proof that ethics is an essential element in all spheres of life. This paper investigates Imam al-Ghazali's views on economic activities with emphasis on the ethical aspects. As...

ETFs have attracted many investors as one of the most innovative products of financial engineering. By virtue of the nascent nature of MyETF-DJIM Titan 25 and FBM 30ETF in Malaysia, comparative performance studies are essential during a financial crisis. MyETF is different from FBM 30ETF in...

Abstract The Global Financial Crisis (GFC) has shaken the theoretical and physical foundations of the international financial system. Notwithstanding the severity of the crisis, Islamic financial institutions have shown a relative resilience that has given more credibility to Islamic finance and...

Despite the huge potential on both the demand and supply sides of the ÎukËk market, the current ÎukËk structures fall short of adequately meeting the market’s needs as the SharÊ’ah compliance of many of them and/or their economic efficiency are questionable. Even though...