The main aim of the study is to provide an index for the Islamic banking industry through which the performance of the Islamic banks can be gauged on the maq asid al-Sharı‘ah. Accordingly,we suggest an index for the Islamic banking industry based on the maq asid al-Sharı‘ah through which...

This paper examines the impact of market competition on the stability of Islamic and conventional banks in countries where these banks operate alongside one another. To investigate this issue, we use a sample of 100 Islamic and 390 conventional banks from 19 countries. Our baseline result shows...

In this study, I examine the impact of diversity (ethnic & religious fractionalization and polarization) on banking stability in Sub-Saharan Africa (SSA). Using data from 1996 to 2014, I employ the system Generalized Method of Moments (sys-GMM) approach to examine this relationship. I find that...

This study examines the take-up, use, and impact of Islamic savings accounts for poor Muslim clients of an MFI in Pakistan, using a randomized controlled trial. We specifically focus on the impact of opening Islamic savings accounts on women’s empowerment. The main results strongly suggest...

Islamic teachings are strictly against Riba (i.e. interest) because it involves exploitation. At present, Islamic banks, which claim to be interest-free financial institutions, are facing severe criticism for using Islamic tags for the similar products and services offered by the conventional...

This paper explores the effect of country-level religiosity on corruption in bank lending at the firm level. Using data from the World Business Environment Survey, we find strong and robust evidence that firms in more religious countries perceive a higher level of corruption in bank lending than...

This paper empirically investigates the difference between Islamic and conventional banks in terms of business dynamics, cost structure, credit quality, and stability. It also examines the difference in the response of two types of banks during peak and trough phases of the business cycle. The...

This article investigates the impact of the socioreligious segregation of Dutch society on the asset allocation choices of rural bankers and the withdrawal behavior of their depositors during the early 1920s. Results suggest that cooperatively-owned Raiffeisen banks for both Catholic and...

Accounting, economic, social and political, and slack resources theories provide different perspectives to addressing corporate social responsibility in relation to disclosure, corporate financial performance e.t.c. This paper aims to identify the determinants financial and non financial of...

The subprime financial crisis and the subsequent economic recession had encouraged economists world-wide to consider alternative financial solutions. Attention has been focused on Islamic banking and finance as an alternative model. The purpose of this research paper is to assess empirically the...