For most of the people the prohibition on interest is the well known part of Islamic finance. Indeed, the concept of Islamic finance was not being discussed enough till financial crisis, after crisis it started to be seen as an alternative financial system for conventional finance. Sharing the...

Modern Islamic financing was started in the last quarter of 20th century and got momentum in the first decade of 21st century. Global volume of assets under Islamic financial system, have reached to US$ 2,000/- billion by the end of December 2014 (MIFC-2015). Islamic financing is based on...

We provide cross-country evidence from microfinance institutions (MFIs) that are Sharia-compliant and their comparisons with non-Sharia-compliant MFIs. We find that, compared with non-Sharia-compliant conventional MFIs, Sharia-compliant Islamic MFIs have less credit risk but are less profitable...

This study documents the literary developments and classifies the literature in the area of Islamic Financial Services Industry (IFSI). Our findings are based on articles published in selected Islamic finance specialized journals for six years (2012-2017). Classification is based on multiple...

The coronavirus pandemic has led to unprecedented financial and economic disruptions worldwide. Academic interest in the topic of the COVID-19 outbreak has led to a rapid influx of publications on the subject matter from both Islamic and conventional finance and economic perspectives. This paper...

In this paper, the effects of the recent global financial crisis on efficiency and profitability of financial institutions were analyzed. In a comparative study, the impacts of the global financial crisis on the performance of Islamic and commercial banks were examined. The fundamental...

The global Islamic finance industry is estimated to be worth approximately US $1.4 trillion, and has grown much faster than conventional finance over the past four decades. Although 80% of this industry is concentrated in the Middle East, North Africa, East Asia, and the Pacific, it is active in...