Purpose – The purpose of this research is to examine the linkages between oil prices and stock market in Gulf Cooperation Council (GCC) countries. Prior work argues that oil prices and the GCC stock markets are not related. This conclusion could be due to the fact that only linear linkages...

Purpose -The purpose of this research is to examine the linkages between oil prices and stock market in Gulf Cooperation Council (GCC) countries. Prior work argues that oil prices and the GCC stock markets are not related. This conclusion could be due to the fact that only linear linkages have...

Purpose -The purpose of this paper is to theoretically describe the role of Zakah as a vital tool of fiscal policy in achieving Pareto optimality. Design/methodology/approach - The paper sets a general equilibrium model that describes the long-run convergence to a Pareto optimal allocation in a...

Purpose – The purpose of this article is to examine is to the link between stock markets and economic growth in advanced and emerging economies in the Middle East and North Africa (mena) region. Design/methodology/approach – Indices measuring the degree of financial openness and market...

Purpose – The purpose of this study is to investigate the role of stock markets in economic growth and to shed some light on the macroeconomic determinants which must have an important influence on stock markets development. Design/methodology/approach – The empirical study is conducted...

Purpose – The purpose of this paper is to empirically examine the market efficiency, asymmetric effect and time varying risk–return relationship for daily stock return of Amman Stock Exchange (ASE). Design/methodology/approach – The Box–Jenkins selection model is used to determine the...

Purpose – The purpose of this study is to examine the factors which affect loss provision for loans and investment in Murabaha, Musharka, and Mudarabah for banks in the Gulf Cooperation Council (GCC) region. The effect of prior period earnings, legal and statutory reserves, size of the bank,...

Purpose – The purpose of this paper is to theoretically describe the role of Zakah as a vital tool of fiscal policy in achieving Pareto optimality. Design/methodology/approach – The paper sets a general equilibrium model that describes the long‐run convergence to a Pareto optimal...