This paper attempts to present a comprehensive framework to employ Close Ended Mutual Fund/Investment Company Model for shariah compliant financial Intermediation. Mutual Funds (MF) are an institutionalization of collective investments initiated in the U.S more than century ago. It was in the...

The expansive generalization on the assets of Islamic Banks (IB), being relatively riskier as compared to their conventional counterpart, stand justified owing to the contractual nature and the overall business model of IBs. These assets based or backed by trade (Murabaha, Salam, and Istisna) or...

Given the socioeconomic utility of a owning a house (being a consumption and investment asset at the same time), mortgage finance and markets has always remained a matter of interest for the policy maker. With the Global financial crisis claiming its roots in the subprime lending, wherein the...

The efficiency of a financial intermediation system is assessed by its ability to achieve allocative efficiency, asset transformation and the subsequent economic development. In case of an Islamic Banking and Finance as an alternate financial intermediation system adherence to the injunction of...