What social forces shape the trajectory of novel, moralized forms of finance such as social finance, green finance, or Islamic banking and finance? More broadly, how do agents mobilize arguments and organize each other to create any form of financial innovation? This article addresses both...

Purpose - This paper aims to determine whether Islamic banks (IBs) and conventional banks (CBs) in Tunisia are distinguishable from one another based on financial characteristics during the 2005-2014 period covering the 2008 global financial crisis (GFC) and the 2011 Tunisian revolution....

English abstract: The purpose of this study is to reveal the empirical causal relationship between the variables that affect the profit rates distributed to deposits at participation banks. In this study, monthly data for the period 2002:M01-2022:M02 were used in order to reveal the variables...

L'Islam interdit le riba, mot arabe signifiant a la fois usure et interet. L'interdiction du riba figure dans la loi islamique, nee dans l'Arabie du Moyen Age. Elle est a la base de la finance islamique qui connut une expansion remarquabke durant la deuxieme moitie du XXe siecle. Nous nous...

Using unit-level data on the entire population of registered manufacturing SMEs in 2007 for India, we explore the impact of religiosity on their access to finance. The findings indicate that certain categories of religion, such as Hindus and Sikhs, are less likely to have access to institutional...

One of the latest innovative products of Islamic banks is the Islamic hirepurchase facility or Al-IjOErah Thumma al-Bayc (AITAB) which is designed to meet the current demand and avoid certain risks in the financing of consumer durables and motor vehicles. AITAB can be utilized to finance a wide...

We compare default rates on conventional and Islamic loans using a comprehensive monthly dataset from Pakistan that follows more than 150,000 loans over the period 2006:04 to 2008:12. We find robust evidence that the default rate of Islamic loans is less than half the default rate of...

Developing Strategies for Islamic Banks to Face the Future Challenges of Financial Globalization Ahmed Al-Ajlouni Abstract This study aims at forming strategic response to assess the ability of Islamic banks in benefiting from the opportunities that may be provided by financial globalization and...

The world economy is still suffering the crisis, considered the most severe since the Great Depression, where economic downturn at historic magnitude and many countries across the globe, irrespective of their development level, are still under strain dealing with this crisis. The severe global...