Islamic Finance

The Islamic System of Economics may provide practical solutions to existing world economic problems and serve as a viable alternative to the present economic system. This thesis analyzes the use of speculative transactions within stock markets in Islamic countries, and the increasing amount of attempts at short-term stock market gains as opposed to longer term more responsible investments. Do the moral and ethical teachings of

This study discusses prominent criticisms of Islamic economics and reactions to the topic from an approach that incorporates the differences between Muslim and Western-secular cultures.

This study addresses the practical and theoretical aspects of teaching economics through methods including integration and Islamization of Knowledge. The study first gathers Business distance-learning students' perceptions, approaches, and outcomes of learning (integrated economics) induced by the teaching design of University Technology MARA (UniTM) distance learning program. Three learning variables are then related to the effects of differences in students' characteristics and groupings.

This thesis investigates how credit markets function under asymmetric information. The use of collateral and the effects of usury laws are explored in greater detail. Following an introduction, the first two chapters explore potential reasons for the use of collateral and evaluate contemporary justifications on the basis of empirical evidence. The thesis develops a model of the credit market in which there exists asymmetric information about the borrowers' risk attitude, and finds that the features of equilibrium are in accordance with empirical evidence.

This thesis discusses legal aspects of banking regulation in Egypt. Since 1991, Egypt's banking regulatory system has undergone significant changes, primarily in response to an economic reform program initiated along with international financial organizations. This thesis examines how banking regulations currently operate and what role the Central Bank of Egypt plays in these regulations. When these regulatory changes were developed, Egypt's particular circumstances were not properly accounted for.

The thesis begins by offering a geographical perspective of the Arabian Peninsula. Further topics discussed include: the political situation in Arabia in the sixth century AD, a historical background of Mecca since the time of Qusayy, the Ilaf and its impact on Meccan trade, and the role of the sons of Abd Manaf in transforming Meccan trade.

This thesis analyzes Sayyid Qutb's interpretations of the Qur'an in his Fi Zilal al-

Ethical norms control and regulate man's socio-economic behavior and dominate economics. The central theme of this study is to analyze the possibility of formulating a framework of an economic system primarily on the basis of the Islamic teachings, utterly independent of the existing Socialism and Capitalism. A holistic methodology is utilized, based on the premise that

While theological, juridical, and philosophical interpretations have been clear in their prohibition of riba, there has been no conclusive consensus on the issue, in part because

Unlike many other studies, this research attempts to answer whether or not an interest-free financial system is crucial for Islamic countries if a relatively large part of the population religiously avoids the interest-based conventional system. The work discusses the negative outcomes of a less efficient economic system like a higher chance of skipping over prolific ventures, an inefficiency in accumulating savings, and unexpected operations of the interest rate as a monetary instrument.