Muslim investors must comply with the ethical injunctions prescribed for them while making financial investments. As per Islamic principles, the use of Riba (interest), Maysir (gambling) and Gharar (uncertain or contingent payoff contracts) is prohibited. This chapter provides some recent post...

Purpose – The purpose of this paper is to suggest a way to improve the effectiveness of Islamic micro-financing in Indonesia. Design/methodology/approach – The approach taken to measure and evaluate the effectiveness of micro-financing is to point out the change of micro-enterprises'...

Purpose – The purpose of this paper is to discuss Islamic laws which are relevant to finance. More specifically, it covers the types of contracts as foundation for the distinctive Islamic financial products. The current institutional framework of financial institutions seems to be incompatible...

Purpose – Aims to consider the empirical works on Islamic financial design in the light of room for improvements. Design/methodology/approach – Looks at the many aspects of the Islamic financial system and suggests some prudent and sound regulatory frameworks which are deemed necessary....

Purpose – The purpose of this paper is to provide an insight of Islamic securitization based on sukuk structures. Design/methodology/approach – Descriptive, analytical, and comparative analyses are used to discuss the risk‐sharing behaviour in Islamic securitization through different...

Purpose – The purpose of this paper is to validate the concern that banks' increasing involvement in securitization activity restrains banks' lending, as well as their degree of risk tolerance. Theoretical frameworks claim that securitization reduces risk, hence decreasing banks' degree of...