The Muslim world is facing stagnation due to a lack of balance between two opposing forces: the force for continuity/stability and the force for change. This paper makes the case that these forces must be in balance for healthy, Islamic progress of the Muslim society. This paper analyzes the...

There is no controversy that Islam prohibits 'riba.' However, the meaning and scope of the concept have generated impassioned controversy, especially on whether riba and bank interest are to be considered equivalent. The focus of this essay is not on whether interest is riba, a topic that often...

Purpose - The purpose of the paper is to explore the issue of hoarding and dishoarding in modern context, especially as it relates to circulation of wealth, an important economic objective from Islamic viewpoint.Design/Methodology/Approach - This paper presents a survey of scholarly positions on...

In the economic literature one often encounters the reference to the real economy. The term is used to distinguish from the financial side of the economy, also known as the financial sector. Except mentioning this distinction, rarely attempts are made to explain the dynamics of the real economy...

In the economic literature one often encounters the reference to the real economy. The term is used to distinguish from the financial side of the economy, also known as the financial sector. Except mentioning this distinction, rarely attempts are made to explain the dynamics of the real economy...

Environment and climate change are generally considered a systemic risk, not as part of the systematic risk. The view of Islamic finance industry and institutions is no different. However, with greater awareness about the existential threat of climate crisis, there is call for treating it as...

Renko is a Japanese style charting, popular to many users of technical analysis. In this paper the method is used to study the performance of Dow Jones Industrial Average comparing with Islamic Market Index. Results show that the method is equally effective in both types of index and can produce...

The objective of this study is to engage parties in dialogues and trade for conflict management and thus establishing peace, security and harmony across the nations. This study is based on a theoretical multiple regression model and attempts to conceptualize the real world challenges in everyday...

The aim of this study is to identify the feelings of female managers in the Gulf region about the Islamic veil, and the meanings they attribute to this veil, a key element of Arabian modernity and of the evolving gender-inclusive business environment. This three-year study, conducted in the Gulf...

Ever-increasing unemployment or underemployment of educated youth is taking its toll on Bangladesh as it is giving birth to new social unrest in the country. While its national average unemployment rate is 4.2 per cent, the rate is 2.7 per cent among those who have studied up to primary level...