This paper argues that the current Circular Economy and Social Finance (CESF) discourse allows discerning Islamic economists to re-iterate the view that Islamic Finance (IF) must be re-aligned to its roots, i.e. Islamic economics. Notwithstanding the impressive growth figures of Islamic Banking/Finance over the last three decades, serious reservations are voiced especially on the role and impact of IF in
| This study explores the effect of directors’ political contributions on IPOs’ valuation and subsequent performance. We find that individual contributions by directors bring significant benefits to the IPO firms. Specifically, we show that political contributions of board members, particularly those of CEOs and founders, increase the IPO premium and the long-term performance of the IPO firms. |
| Achieving the Sustainable Development Goals (SDGs) by 2030 is undoubtedly one of the biggest challenges of the 21st century facing both developed and developing countries alike. Since the adoption of the SDGs in 2015, it has been a 5-year journey of trial and error experimentations all over the world to come up with innovative solutions beyond business-as-usual and get the job done. In this paper, we are looking at blockchain beyond the hype. |
| Private equity (PE) in the Gulf Cooperation Council (GCC) region is a new asset class that has been informally structured and formalized towards the beginning of the last decade (early 2000). New private equity firms were established with more generic private equity funds established in 2002 and 2003. No publicly available private equity performance data are available that can shed light on how the GCC region compares to other regions in the world. |
| Man-made crises and disasters prove to be an opportunity from which mankind can benefit and take lesson to learn to be conscious of Allah’s blessings and care for its rights. One of these lessons that we came to realize is that capitalism is naturally driven by selfish profit maximization actions. This ‘oppression of freedom’ and economic hegemony has led to environmental problems, which pose threats to humankind livelihood. |