Islamic Finance

Basel II Capital Adequacy framework for banks aims at building a solid foundation of prudent capital regulation, supervision, market discipline, along with enhancing risk management and financial stability. However, as per the views of some practitioners and scholars it does not appropriately address the concepts used in Islamic finance (IFSB and IRTI).

The issue on compliance behavior of business

The present study was conducted to investigate the impact of the Cooperative (Islamic) Microfinance program on the standard of life of the poor and marginalized segments in the areas under study. Islamic microfinance program of Islamic Relief-Pakistan was taken as a model of cooperative microfinance. Primary, cross sectional data about 400 respondents (300 clients and 100 non-clients) has been collected through a detailed questionnaire, from the urban slums of Rawalpindi i-e Naseerabad , Qasimabad and Dhok Mustaqim.

Given the phenomenal increase in Islamic banking activities globally, it is important that there exists good governance practices of Islamic financial institutions (IFIs). This is primarily to ensure its sustainability in the long run. More importantly, in order for Islamic banks to play an optimum role in the development of Islamic countries, it is pertinent to develop regulatory structures to control fraud, exploitation, and un-Islamic behaviour.

Understanding stakeholders’ perception towards corporate social responsibility (CSR) is useful when entering the market particularly when serving the needs of particular stakeholders. This study examines the perception of

There is substantial evidence that the development of the discipline of Islamic Economics is currently in crisis. In this article we argue that the main reason for this is that most

We examine the determinants of default in conventional and Islamic banks in Middle and Far Eastern countries. Our analysis is based on both accounting and macroeconomic data for the period (1995-2010) with a total of 421 banks from 20 countries. We adopt survival analysis approaches; namely the non-parametric Kaplan-Meier estimator and the semi-parametric Cox proportional hazards model. Our findings show that the hazard profile of Islamic banks is different than conventional banks with the former being about 64% less hazardous.

The purpose of monetary policy is to affect the economic activity through various channels  of monetary transmission. One of the transmission channels is via Islamic banking through financing to various sectors of the economy. The change of monetary instruments certainly affects economic sectors differently. Given the dual monetary system (Islamic and conventional) in Indonesia, it is interesting to see how those rates influence each of the economic sectors.

The present paper attempts to study the economic and financial crises of fifteenth-century Egypt, which was ruled by Mamluk dynasty. During the fifteenth century, especially in its first half, Egypt faced horrible economic crisis caused sometimes by rulers' ill-governance and corruptions and sometimes by natural catastrophe such as over flooding of Nile or its drying up, outbreak of epidemics, crop diseases, etc. In many cases two or more factors simultaneously existed. Financial crisis mainly emanated from monetary mismanagement.