The book outlines an Islamic approach to hedging, with detailed discussions of derivatives, gharar and financial engineering. It accordingly suggests several instruments for hedging that are consistent with Shariah princples.

This paper suggests that complexity theory provides an alternative paradigm to the Neoclassical framework widely adopted in economic studies. It states that the new paradigm calls for a different methodology than the one used by the mainstream: agent-based simulation allows for exploring rich...

The OIC intra-trade reached 17% in 2012 and the member countries have committed to increase it to 20% by 2015. The 5th OIC Consultative Group Meeting on enhancing OIC intra-trade recommended the establishment of Trade Finance Support Schemes, as one of the driving factors, to accelerate the...

Islamic Banking and Finance discusses Islamic financial theory and practice, and focuses on the opportunities offered by Islamic finance as an alternative method of financial intermediation. Key features of profit-sharing (as opposed to debt-based) contracts are highlighted, and the ways in...

Toute théorie économique est concernée par deux objectifs: 1) La création de richesses, 2) La répartition des richesses. Par ailleurs, les systèmes économiques à travers le monde et l’histoire comprennent deux secteurs essentiels : un secteur à but non lucratif et un secteur à but...

The generally recognized economic problem of mankind is how best to satisfy the basic needs of all people around the world in spite of the prevailing scarcity of resources. Since this is not happening, the paper argues that the primary reason is the secular worldview which has weakened the...

The author recommends a model of self-reliant system of trade relations based on a set of rules and incentives to produce a balanced structure of the intra-group trade and to prevent the polarization and concentration of costs and benefits of integration.

It presents a case for the Islamic Securities Market (ISM) in an objective and academic manner to serve as a basis for an effective policy prescription.

The paper discusses, in the light of a sample survey of Islamic financial institutions, the measures that need to be taken to improve the overall corporate governance in these institutions.

The focus of this book is on financial products and infrastructure innovation for housing finance. It quantifies the demand for housing in IDB member countries, estimates the financial gap, and evaluates the current Islamic house financing models and practices in the IDB member countries and...