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 main objective of this paper is to highlight the unprecedented growth of Islamic banking and finance in the contemporary finance world. It captures the advancements of Islamic banking and finance industry across the tools, systems, sectors, markets and over 75 countries from Africa,...

Purpose – Internal organizational orientation of service quality and its impact on service delivery performance of the employees have received considerable attention from financial management literature. The purpose of this paper is to address this issue by conducting empirical research...

Purpose – The core objective of this paper is to direct worldwide attention towards the unparalleled development in Islamic banking, its infrastructures and supporting institutions in recent years. This paper articulates the case for Islamic banking in a very comprehensive and effective...

The way forward -- Contrasting economic epistemology with and without heteronomy appendix: event, continuity, and continuum -- Filters of heterodox economic thought -- The epistemic methodology of Heterodox Islamic financial economics and its consequences -- Is there possibility for Heterodox...

"The development of Islamic banking and finance was previously centred around three regions of the world, the Middle East, South East and South Asia. However, in recent years, this has expanded, as interest in IBF has gained momentum in Australia, the USA and Europe, especially the UK. Several...