The objective of this paper is to statistically analyze whether gold is a better choice as reserve currency for smaller market economies using the Vector Auto Regression (VAR) model. This study involves the gold price movement relative to 5 selected equity indices price movement namely 3 in...

This study attempts to determine the factors affecting the Islamic bank savings and deposits. Malaysia is taken as a case study. The standard time series techniques are used for the analysis. It is found that the Islamic bank savings and deposits are cointegrated i.e., theoretically related with...

The study aims at exploring the influence of the advertising on performance of the banks operating in Malaysia and if there is any difference in such relation by the type of banks such as, Islamic or Conventional. An ARDL analysis has been done on two Banks in Malaysia to find out whether there...

There have been various theoretical and empirical studies which analyze the relationship between demography and economic growth using different methodologies, which led to different results, interpretations and continuous debates. Demography as a statistical study of human population, has a...

The focus of this paper is to investigate the Granger-causality between Islamic finance and economic growth. The standard time series techniques are employed with the long-run theoretical relation (i.e., cointegration) tested through the ARDL method rather than the Johansen procedure which...

The Financial crises have destabilized the economy and have impacted the lives of millions of people across the world. The Financial crises have shown that Islamic capital market may be immune to crises. This has increased the demand for Islamic capital products. The increasing popularity of...

The universe of sharia compliant equities is rather small and diversification benefits are limited for the sharia conscious investor. This paper attempts to investigate diversification potential among S&P mainstream sharia compliant indices in all six GCC Countries by employing time series...

Interest rates play a leading role in earning profits not just for banks only but for insurance companies and the stock market. The major problem with the interest rate from the Islamic point of view is that it is a profit generated without any hard work to earn it. This is why it is prohibited...

The stability of Islamic banks compared to that of the conventional banks during the Asian Financial crisis of 1997-1998 facilitated the growth of Islamic banks. The Islamic banks had a significant growth since then. This paper is focused on identifying the major macroeconomic drivers of Islamic...

Whilst the growth of the Islamic banking and finance industry has been remarkable, uncertainty and the lack of standardization in the legal and regulatory framework governing the Islamic finance industry may be impeding the growth of Islamic finance (Wisham et. al., 2012). There is no dearth in...