This research has investigated the sustainability of growth of nonfinancial firms in case of Pakistan. For this purpose, explanatory variable of earnings per share and total assets turnover were used as controlling factors and liquidity, size and cash flows were used as independent variables....

This article shows the existing state of newly emerging Islamic finance and its potential as a business opportunity. It identifies business opportunities in the area of banking, Insurance, Capital market including equities and Sukuk, International trade financing, Mudaraba sector, Islamic asset...

Islamic finance is a relatively new business segment, however, shown promising results so far. In addition to banking services, Islamic finance has started penetrating in other sectors including capital market and insurance. This study is conducted to evaluate a newly emerging Takaful sector in...

Salam is a sale agreement whereby seller receives the price in advance while goods are delivered at a future date. Salam is a valuable tool with IFIs to provide agricultural finance to large community of unserved/underserved farmers' world over, especially in less developed countries including...

With the application of regression with common effect this paper analyzed the empirical validity of two famous and formal theories (Trade off and Pecking order). We have selected four independent variables tangibility, size, profitability and growth and explored their relationships with the...

The efficient market hypothesis (EMH) suggests that stock prices fully reflect all available information in the market and no investor is able to earn excess return on the basis of some secretly held private, public or historical information. Efficient market hypothesis (EMH) can be further...

An overwhelming criticism on practice of Islamic finance is lesser application of Shari'a based (profit and loss sharing) modes of financing. This study is conducted to analyze the issue based upon available literature and data. It is found in the process that profit and loss sharing based modes...

Islamic Capital Markets-ICMs, featured as socially responsible investments, less levered, and more reflective of the real sector, is a recent development in financial markets, with impressive growth and offer the potential for portfolio diversification benefits. This study is conducted on the...

Purpose: This study presents an analysis of current practices of Islamic mortgages in the light of the principles of Islamic financial system, to document divergences—if any. A subsidiary goal is to develop an Islamic Mortgage Model (IMM) based on Musharakah principles.Methodology: We document...

Purpose: This study is intends to understand and document the impact of market-based — market returns and momentum — as well as firm-specific — size, book to market ratio (B/M), price to earnings ratio (PER) and cash flow (CF) — factors on pricing of Shari'a compliant securities as...