Purpose: This paper aims to examine whether competition from Islamic banks add to the financial stability and profitability of financial sector and to assess the sources of such (in)stability. Design/methodology/approach: Using Herfindahl–Hirschman Index as a measure of competition and...

This study investigates the impact of COVID-19 pandemic on the microstructure of US equity markets. In particular, we explain the liquidity and volatility dynamics via indexes that capture multiple dimensions of the pandemic. Our results suggest that increases in confirmed cases and deaths due...

Risk Sharing is the core of the Islamic finance, the closest modern equivalent being equity investments. Through the decades of Islamic Finance development scholars have stressed on equity as the most beneficial financial mechanism while most accept modern joint-stock companies as quasi Mush...

1. Conventional Macroeconomic Policy -- 2. Islamic Macroeconomic Policies -- 3. Capital Markets: Conventional versus Islamic -- 4. Risk Sharing and Public Policy -- 5. Government Finance and the Debt Market -- 6. Government Finance and the Equity Market -- 7. Macro Market Application -- 8. Micro...

This book focuses on current issues impacting the Islamic banking system globally. The contributions introduce readers to existing research and literature in the field and highlight areas of potential scholarly development within Islamic banking studies. The chapters are a variety of case...

This book explores contemporary empirical issues in Islamic economics. It begins by outlining current trends in Islamic economics and before identifying gaps in the empirical research. It then goes on to discuss the role of institutions in economic growth for Islamic countries, and the fiscal...