Master of Science in Islamic Finance
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Moving Towards Community Driven Islamic Finance
Contemporary Islamic Finance is seen by many as operating in the 'push' mode, with incumbent players pushing their version of products in the market, rather than working in a 'pull' mode, where society's requirements would drive industry evolution. The Islamic finance industry has been criticized because the profit aspect of running operations overshadows the altruistic aspect of Islamic Finance (IF) and easily marketable solutions are more common than socially relevant products to benefit the wider communities.
Development of Islamic Fianance industry in Bahrain and Malaysia: Lessons to be drawn
| Over the past four decades the Islamic financial services industry (IFS) has come a long way in offering the needed financial services to the society. The number of countries who are interested in developing the Islamic financial services (IFS) segment of their financial industries is growing, especially after the global financial crisis where the IFS industry was able to survive the crisis with little affect as compared to the adverse effect of the crisis on its conventional counterpart. |
Shari'ah Compliant Finance of Last Resort Facility: An Attempt to develop instruments for QCB
| Managing liquidity is a fundamental component of sound management in all financial institutions. However liquidity management might face some constrains, Islamic banks in particular face challenges derived mainly by the main Shari"ah principles on Islamic finance, limited Shari"ah compliant interbank instrument, and in many jurisdictions, the lack of Shari'ah compliant financier of last resort facility. This research analyzes the issue of liquidity management in Islamic banks in atar with a special focus on the third challenge. |
Financial Engineering in Islamic Banks in the Light of Maqasid Al Sharia
| The main objective of this paper is to assess the present state of the Islamic banking industry in the light of Maqasid Al Sharia and to identify the causes of possible infringements. |
Legal and regulatory issues in issuing Sukuk in South Korea : lessons from case studies
| Among many Islamic finance instruments, Sukuk, commonly called Islamic bonds, has in recent years been considered as the most effective mid and long-term financing method, producing the most liquid assets. This instrument gained attention especially after the 2008 financial crisis and has become one of the fastest-growing Islamic financial instruments not only in |