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Islamic Banking : A True Alternative to Interest-Based Conventional Banking

Islam, S.M. - 2015

Smooth financial operations are quite impossible without banking and interest is the pivotal element of conventional banking activities which is strictly prohibited in Islam. So, to avoid interest as well as to meet banking needs, the Muslim requires such a banking system that avoids interest...

Persistent link: https://www.econbiz.de/10013010793

Law and Islamic Finance : How Legal Origins Affect Islamic Finance Development?

Grassa, Rihab - 2015

Many researchers have shown that differences in legal origin explain differences in financial development. Using historical comparisons and cross-country regressions for 30 countries observed for the period from 2005 to 2010, this study tried to assess if different legal origins impacted on the...

Persistent link: https://www.econbiz.de/10013011419

Islamic Finance : Theory and Practice

Hanif, Muhammad - 2020

Persistent link: https://www.econbiz.de/10012857492

A Model of the Islamic Sovereign Wealth Fund

Bahoo, Salman - 2019

Purpose – The purpose of this paper is to propose a model of the Islamic sovereign wealth funds (ISWFs) based on Islamic finance principles to modify the precarious image of SWFs from Muslim countries. The Shariah laws are the cardinal direction for this study. Design/methodology/approach –...

Persistent link: https://www.econbiz.de/10012861861

Islamic Law is International Law

Nyazee, Imran Ahsan - 2014

applying equally to the the whole world and locally. Islamic law recognizes no state or the idea of a state; it is for this … success of nations are also elaborated in detail. The concepts of dar ul-Islam and dar ul-harb represent the different world … views within the Muslim Ummah. The principle stated by al-Dabbusi recognises this reality: "The world according to us …

Persistent link: https://www.econbiz.de/10013057376

Religion and Ratio Analysis : Towards an Islamic Corporate Liquidity Measure

Elnahas, Ahmed - 2016

This paper contributes to the emerging literature on the effect of religion on corporate decision making and financial reporting. We argue that financial statement analytical tools could violate several commands of the Islamic law. Specifically, traditional liquidity ratios imply undervaluation,...

Persistent link: https://www.econbiz.de/10012985250

Islamic Financial Markets and Global Crises : Contagion or Decoupling?

Kenourgios, Dimitris - 2016

This paper investigates the contagion effects of the global financial crisis (GFC) and Eurozone sovereign debt crisis (ESDC) on Islamic equity and bond markets. Using a sample of Islamic stock indices from various developed and emerging markets and the global Islamic stock and bond (sukuk)...

Persistent link: https://www.econbiz.de/10012992182

Are Islamic gold-backed cryptocurrencies different?

Aloui, Chaker; Ben Hamida, Hela; Yarovaya, Larisa - In: Finance research letters 39 (2021), pp. 1-9

Persistent link: https://www.econbiz.de/10012805330

Institutionalising Justice in Islamic Finance

Jan, Shafiullah - 2018

This research paper provides in-depth discourse on how justice can be operationalised in different Islamic financial institutions to achieve the objectives of the Islamic moral economy. The current financial institutions claiming to be Shari'ah compliant are more and more reflecting the...

Persistent link: https://www.econbiz.de/10012918601

Globalization of Financial Markets and Islamic Financial Institutions

Khan, M. Ali - 2018

In this paper, I reflect on the implications of financial globalization for Islamic financial institutions in terms of coordinates selected from both history and theory. I present in outline the 18th century case for and against commerce, the 19th century case for and against a central...

Persistent link: https://www.econbiz.de/10012921287