The global Islamic finance industry is estimated to be worth approximately US $1.4 trillion, and has grown much faster than conventional finance over the past four decades. Although 80% of this industry is concentrated in the Middle East, North Africa, East Asia, and the Pacific, it is active in...

Islamic financial contracts are designed to facilitate financing according to Islamic norms. Islamic financing in its first stages used only the partnership modes of Musharakah and Mudarabah. Later it is realized that, to avoid moral hazards, yet compete successfully with conventional banks, it...

India is big country with the population of 1.210 billion of which about 172 million (14%) are Muslims.We are having the conventional system of banking and finance which is based on only interest. A common practice seen here is anyone who is having any surplus money would be interested in...

Over the last decade, Islamic Financials (Sukuk) emerged as a pioneering capital market instrument. The riskiness of Sukuk is similar to that of the bond as they depend on the financial credibility of the issuer hence assumed to have no significant difference, the only difference seems to be in...

The paper provides an explanation of the capital level and the regulatory capital level of Islamic banks compared to conventional banks based on corporate and regulatory approaches. Using a panel data of more than 400 Conventional and Islamic banks for the period from 2005 to 2014, we conclude...

An overwhelming criticism on practice of Islamic finance is lesser application of Shari'a based (profit and loss sharing) modes of financing. This study is conducted to analyze the issue based upon available literature and data. It is found in the process that profit and loss sharing based modes...

Financial crises have become a recurring problem for modern economies with increasingly detrimental fallouts. Risk-sharing finance (RSF) contracts may be the best instrument for addressing the problem and its fallout, and in particular the risk-sharing principles of Islamic finance offer a...