Capital structure theories in finance aim towards an ideal debt-equity ratio in the traditional interest-based financial system. The capital structure theories as per the Shariah law also aim towards an ideal debt-equity ratio but the debt contract used here is different with different...

Purpose – The purpose of this paper is to analyse the extent of the contribution of the current Islamic financial system to society in terms of social responsibility (SR) required by the concept of social maslahah. Design/methodology/approach – The paper adopts a critical analytic approach...

Purpose – This paper aims to draw the wisdom of the prohibition of Gharar through the lens of institutional and Post-Keynesian economics. Design/methodology/approach – This research applies the theoretical contributions of the Post-Keynesian economics and the new institutional economics to...

Purpose – In order to fulfill the Shari'ah objective of promoting the welfare of society, institutions offering Islamic financial services (IIFS) are expected to consciously align their decisions and actions so that they are “socially responsible”. An integral policy approach towards...