The principle of Wa'd or promise can be used to structure innovative shariah compliant hedging instruments. Conventional hedging products such as forward currency contracts and currency swaps are prohibited in Islamic Finance principally due to the issue of riba and to the violation of bay...

Purpose – This paper analyses a case study of Islamic cooperative and the problems it faced in the Islamic financial system of Indonesia. Accordingly, it proposes a financing innovation, an enhanced structure of Shari`ah compliant hawalah financing scheme, which could improve operations of the...

A ‘Classification Scheme' is a way of organizing a large amount of information or material in a way that helps users finding the required information quickly. Classification schemes are used widely in all fields. In academics, one type of classification schemes is subject-based...

The purpose of the current study is to investigate the role of the Islamic financial system in recovery post-COVID-19 and the way Fintech can be utilized to combat the economic reverberations created by COVID-19. The global financial crisis of 2008 has established the credentials of the Islamic...

Abstract: The purpose of the current study is to investigate the role of the Islamic financial system in recovery post-COVID-19 and the way Fintech can be utilized to combat the economic reverberations created by COVID-19. The global financial crisis of 2008 has established the credentials of...