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The existing HDI concept is value neutral and unable to capture the religious and ethical perspective of socio-economic development in Muslim countries. It is argued that Muslim countries have some special features, cultures, and values that are not completely accommodated by the HDI...
Persistent link: https://www.econbiz.de/10012861690
This paper provides a simple, generic introduction to, and survey of, the transactional structures and rudimentary principles applicable to Shari`ah-compliant home purchase financings. The paper summarizes six of the most frequently used home purchase financing structures used by banks and...
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mismatch but its consequences that have forced the nascent Islamic system to convergence and competition with the mature …
Persistent link: https://www.econbiz.de/10008592947
This study investigates whether there is convergence among Islamic countries with respect to the relationship between … Fourier Panel KPSS Stationarity Test to examine the convergence hypothesis for four indicators of Islamic financial markets … Contribution Volume. Our analysis reveals that only IFAV exhibits convergence, while the other indicators do not. We also evaluate …
Persistent link: https://www.econbiz.de/10014446910
The hypothesis that the coefficients on variables of religious affiliation are jointly equal to zero can frequently be rejected at conventional levels of statistical significance (i.e., religion matters), but no robust relationship between adherence to major world religions and national economic...
Persistent link: https://www.econbiz.de/10005035519
My empirical results in Potrafke (2012) confirm past conclusions that Muslim-majority countries are less likely to be democratic. Hanusch takes issue with my results - and by inference with all past empirical results on the relation between Islam and democracy. In his comment on my study,...
Persistent link: https://www.econbiz.de/10010291527
There has been much study of the consequences of economic freedom but, outside of the role of political institutions, there has been little study of the determinants of economic freedom. We investigate whether religion affects economic freedom. Our cross-sectional dataset includes 137 countries...
Persistent link: https://www.econbiz.de/10011522517
Discrimination has been documented against women in Muslim-majority countries. Constitutions differ among Muslim-majority countries. By using women's rights indicators and exploiting cross-country variation, we find that discrimination against women is more pronounced in countries where Islam is...
Persistent link: https://www.econbiz.de/10011459158