We examine the risk minimization utility of Islamic stock and Sukuk (bond) indices by studying their linkages against traditional global counterparts. We first employ an asymmetric power ARCH-based ADCC model on an extended dataset employed by Kenourgios et al. (2016). Our sample ranges from...

Purpose This study aims to examine the disputable Shari’ah and the technical issues underlying the implementation of the Musharakah Mutanaqisah partnership (MMP) model in home financing by Islamic banks in Malaysia. It assesses whether this much-lauded facility is in line with Shari’ah rules...

Purpose This paper aims to delve in an aspect of monetary economics, addressing its Islamic wing in general and dinar advocates in particular. Design/methodology/approach The paper argues that calls to reinstitution of dinar currencies are not only anachronistic and unnecessary but also...