In this paper we have analyzed borrower over-indebtedness in microfinance, using multiple financial ratio based measures representing different facets of borrower-over-indebtedness namely, liquidity, debt absorption capacity and solvency of the borrowing household. Our data shows that the...

Traditional measures of assessment of mutual fund performance (alpha) are based mostly on Capital Assets Pricing Model which presupposes fixed sensitivity of risk exposure of a fund to its market proxy (beta). However, changing economic conditions will alter this relationship. In conditional...

The first Interest-free banking system is reported to have come into being as early as 700 B.C. This paper looks into the causes as to why the Islamic Banking and Financial systems (IBFs) got left behind, explores its current status and the future challenges faced by this system on its way to...

Interest-free banking system is as old as the recorded history of mankind. It is, therefore, of utmost importance that we explore the reasons as to why the Islamic financial system had to wait for almost fourteen centuries to take shape. The long-term success of this fastest growing financial...