Among all topics discussed during the International Conference on Multidimensional Finance, Insurance and Investment (ICMFII' 2013) held at the College of Business Administration of University of Bahrain from 23 to 25 November 2013, Islamic finance generated a lot of interest from conference...

How is Islamic wealth management (IWM) distinguished from conventional wealth management? In this paper it is argued that the level of concentration of wealth at both national and international level is related to the conventional wealth management, where the latter can be viewed having a...

As part of Islamic finance going Main Street, Dow Jones introduced a number of Islamic indices in 1999. Many studies are now available that explores various aspects of these indices. One area that has not received much attention is applying technical analysis to these indices and exploring if...

Riba-Interest equation, where riba is blanketly equated with interest, is a major issue in Islamic economics and finance. To justify this equation, hadiths or prophetic narrations as one of the primary sources are invoked. Farooq wrote a paper "Riba, Interest and Six Hadiths: Do We Have a...

Insolvency and Debt Restructuring have become important issues in Islamic Finance. Harvard-LSE Annual Workshop in 2013 invited analytical comments on the theme of its workshop on Insolvency and Debt Restructuring in Islamic Finance. These comments from various expert participants were invited by...

As financial intermediaries and provider of financial services, banking sector plays a pivotal role in the development of any economy. Performance of loans in banks' portfolios is a critical issue for this sector. The purpose of this study is to examine the determinants of Non-Performing Loans...

In light of the Qur'an and Sunnah, this outline paper attempts at an alternative definition of Riba from non-Equivalence perspective. It is an outline paper in the sense that the primary arguments and evidences are provided with reference to my works as well as pertinent works of others, reading...

For all practical purpose, qard and qard hasan are generally regarded synonymous from orthodox Islamic viewpoint, because, due to the categorical prohibition of riba in the Qur'an, qard (loan) is considered ribawi, and therefore only gratuitous monetary loans – without any benefit to the...

Purpose - This paper examines the phenomenon of debt culture in the conventional financial systems and then compares the existing or emerging trends in the Islamic finance industry. It provides critical insight into why economic policies that are delinked from some fundamental wisdom about...