As part of Islamic finance industry, one of the areas that has become quite popular is Islamic wealth management (IWM). How IWM is distinguished from its conventional counterparts? How closely the current practices correspond with the maqasid of Islamic finance? This brief paper provides a brief...

In the past half century Islamic economics was eclipsed by Islamic finance movement. Gradually Islamic economics has taken a back seat without any economy to back it up empirically. Although Islamic finance emerged as an offshoot of Islamic economics and with the blessing and advocacy from...

This is definitely a scholarly paper of sufficient originality. Before I offer my critique, let me summarize the paper and identify its core aspects. It argues that a financial system and its constituents “stand upon the assumptions of behavior, markets and institutions” of their respective...

Among all topics discussed during the International Conference on Multidimensional Finance, Insurance and Investment (ICMFII' 2013) held at the College of Business Administration of University of Bahrain from 23 to 25 November 2013, Islamic finance generated a lot of interest from conference...

Statistics as a modern discipline has emerged and developed as part of the development of scientific inquiry. While Islamic civilization has contributed to many key areas of modern knowledge, one of the areas that has rarely been explored in this context is statistics. This paper examines the...

Purpose – The purpose of this paper examines how the challenge of poverty can be effectively addressed by broadly adopting Islamic value based cooperative model (IVCM) where the members come together to overcome and eventually eradicate the curse of poverty for themselves and for their future...

Environment and climate change are generally considered a systemic risk, not as part of the systematic risk. The view of Islamic finance industry and institutions is no different. However, with greater awareness about the existential threat of climate crisis, there is call for treating it as...

Islamic economics represents an important mid-20th century dimension of the revivalist Islamic discourse. By the 1970s its focus fundamentally shifted with the emergence of Islamic finance becoming the dominant theme, eclipsing the narrative on Islamic economics and subverting the original...