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This research examines the economic origins of Islam and uncovers two empirical regularities. First, Muslim countries … (i) determined the economic aspects of the religious doctrine upon which Islam was formed, and (ii) shaped its subsequent … had to remain within limits for Islam to persist. This was instituted via restrictions on physical capital accumulation …
Persistent link: https://www.econbiz.de/10013137863
In the past half century Islamic economics was eclipsed by Islamic finance movement. Gradually Islamic economics has taken a back seat without any economy to back it up empirically. Although Islamic finance emerged as an offshoot of Islamic economics and with the blessing and advocacy from...
Persistent link: https://www.econbiz.de/10013071173
Ever since Goldin (1995) proposed the idea that there is a U-shaped female labor force participation rate function in economic development, empirical research is stunned by the question why the countries of the Middle East and North Africa (MENA) are characterized by such low rates of female...
Persistent link: https://www.econbiz.de/10013000073
We study the relationship between opacity and external funding decisions when different types of sukuk and conventional financial instruments are available. For this purpose, we construct an opacity index for 107 Malaysian firms issuing sukuk and conventional financial instruments during...
Persistent link: https://www.econbiz.de/10012833651
We estimate the impact on pilgrims of performing the Hajj pilgrimage to Mecca. Our method compares successful and unsuccessful applicants in a lottery used by Pakistan to allocate Hajj visas. Pilgrim accounts stress that the Hajj leads to a feeling of unity with fellow Muslims, but outsiders...
Persistent link: https://www.econbiz.de/10012724519
from those of other nations at roughly the same stage of economic development? And what is the impact of Islam on the … institutions. Turning to twenty-three indicators of economic and social performance, I find that the presence of Islam has likewise …
Persistent link: https://www.econbiz.de/10012732940
Objective – Islam regulate distribution also redistribution of wealth, and how this concept break away the inefficiency …
Persistent link: https://www.econbiz.de/10012952168
Islamic economics as a subject has deep historical roots. However, the present body of knowledge known as ‘Islamic economics' originated in the second half of the last century. During the last four decades, a lot of literature has appeared. However, most of it can be accepted as ‘Islamic...
Persistent link: https://www.econbiz.de/10012960014
In this paper we study the effect of an Islamic label on corporate governance. Listed firms with an Islamic label (Islamic firms) are characterized by low leverage. Because recent evidence indicates that leverage can act as a substitute for good governance, it is tempting to expect these Islamic...
Persistent link: https://www.econbiz.de/10012909806
This paper contributes to the Islamic studies literature, by exploring why many Islamic scholars believe that Islam …
Persistent link: https://www.econbiz.de/10012936780