There is a global interest in Islamic finance in general and Takāful in particular. The main feature that differentiates Takāful services from conventional ones is Sharī‟ah compliance nature of these services. Investors are taking keen interest in this potential market as Muslims constitute...

In this study, we focused on analysing and differentiating the determinants of conventional insurance and Tak¯aful demand across ASEAN and Middle East Regions. We used panel data econometrics on a sample of 14 Asian countries having both conventional insurance and Tak¯aful over the period...

This study investigated the impact of Muslim Holy Days on daily stock returns of Asian financial markets for a period of 2001-2014. These markets include Pakistan, Bahrain, Saudi Arabia, and Turkey. The study has tried to isolate the effect of Gregorian calendar anomalies from Muslim Holy Days...

Microfinance is an emerging concept which is improving the socioeconomic status of customers. This study assesses customer satisfaction of clients of Islamic and conventional microfinance providers using a sample of 578 clients i.e. 289 from each side. Akhuwat and Kashf (Islamic microfinance)...

The core objective of this paper is to examine the relationship between the Shari’ah perceptions and the customers’ switching intentions in both Takāful and Conventional Insurance. In today’s world, most of the businesses are focusing on customer retention rather than the customer...

This paper attempts to investigate the factors that affect job satisfaction of sales agents from Islamic (Hereafter; Takāful) and conventional insurance of Pakistan using Herzberg two-factor motivation theory. Using multi-stage stratified random sampling, we received a total of 318 usable...

The current research aims to investigate the influence of board effectiveness and firm performance on CEO compensation within the context of developing economy of Islamic Republic of Pakistan. The study uses Partial Least Square (PLS) based Structural Equation Modeling (SEM) Technique to draw...

Purpose: In this paper, we aim to assess insurance demand across selected Asian and OECD countries during the period of the global financial crisis. Design/methodology/approach: We collected data from 55 emerging Asian and OECD countries during the period of the global financial crisis. Our...

Purpose: The purpose of this paper is to address the effect of corruption and money laundering (ML) on banking profitability and stability. Design/methodology/approach: This study uses the panel data of 72 banks of Pakistan and Malaysia from 2012–2018. This paper uses fixed effect (FE) and...

Background: This study aims to investigate the extent to which the conditional volatilities of both Shari'ah compliant stock and conventional stock are related to those of interest rate and exchange rate in the emerging economy of Pakistan. Methods: We used KMI 30 and KSE 100 indices for Islamic...