Following a brief introduction, this thesis discusses the legal principles on which Islamic finance is based. There are discrepancies between an idealized Islamic economy and the monetary polcies which are able to be implemented in reality. Case studies for Iran, United Kingdom and Malaysia are examined with regards to monetary policy. The effects of implementing a shari`a compliant monetary policy are also evaluated.
This thesis aims to shed light on the problem of a lack of adequate skill formation in Saudi Arabia, a largely unexplored area of research. There is too much dependence on foreign skilled labor in Saudi Arabia; there needs to be a better system of training indigenous workers. This study utilizes archives, interviews, and surveys as foundations for policy recommendations to Saudi officials. In addition, this study addresses the skill formation and job training problem within the context of Islamic economics, as opposed to utilizing a purely western capitalist method of analysis.
There is a need to reassess system development applications to determine if current methodologies are still viable, and the factors responsible for successful ISD, and to examine the relationship and the influence of factors on the success of IS in the banking industry, especially for financial institutions located in developing countries, in this case the Kingdom of Bahrain. This thesis examines ways IS are being developed and the factors perceived to influence successful implementation, before making recommendations for change.
This study was carried out in Kuwait Finance House (KFH) and looks at the current situation of Islamic banking from the perspective of modern financial intermediation and Islamic contracting theories. A major problem has developed for Islamic banks due to rapid changes in technology, and the lack of innovative solutions to some managerial and operations issues. Strong competition has led to customers expecting to receive high quality services, something that is now lacking in Islamic banks.
Prior to 1970 the Saudi Government faced severe socioeconomic problems, including low contributions of the private sector to GDP and oil revenues as the main source of the national income. As oil revenues rapidly increased between 1972 and 1981, the government attempted to encourage output of the private sector. The primary goal was to diversify income sources in order to decrease the dependency on oil revenues. The government provided interest-free loans to the private sector that increased the gross domestic fixed capital formation of the private sector.
This study evaluates the advantages and drawbacks of U.S. socially responsible community investment (SRCI) as a source of loan capital by microfinance institutions (MFIs), which offer loans to low-income entrepreneurs in developing countries. The study finds that SRCI capital offers an appropriate capital source to MFIs. This research examines nine SRCI debt mechanisms, which are compared to determine the benefits and limitations of each from the perspectives of U.S. investors and MFI borrowers.
This critical hermeneutic research tells the stories of enterprises seeking balance between their profits and care for their communities. This work demonstrates business' commitment to creative social action that mitigates community needs or enhances community life. The central premise explores enterprises working for social betterment while maintaining a profit-orientation. Research follows a critical hermeneutic philosophy as applied to an interpretive anthropological protocol for inquiry and analysis.
Saudi Arabia has taken initiatives toward diversifying the economy and steering away from a dependence on oil as the main revenue source. The Saudi Arabian Agricultural Bank (SAAB) was created in 1963 to provide farm operators with interest free credit to purchase equipment and further develop production in order to improve their income. Despite operating for sixteen years, SAAB has fallen short of its goal of assisting a majority of farm operators.
This study examines the goals and effectiveness of the Real Estate Development Fund (REDF) in Saudi Arabia, a program implemented in 1974 to promote housing development. This program represents a new type of policy implemented by the Saudi government, which outlined certain social, religious, political, and cultures provisions to be incorporated into the fund. The methodology used involved collecting data from archives, interviews, and a survey of REDF participants. REDF was effective in housing development, though economic downturns effected the level of funding provided to the program.