Islamic Finance

This paper provides a critical review of the Islamic Economics (IEs) and Finance (IF) literature that have examined the stability of the Islamic Financial System (IFS) and its institutions vis-a-vis the conventional interest - based system. The authors have been able to analyze thirty four investigations over a thirty year period from 1983 to 2013. The research aims at providing an account of the main findings and conclusions of the literature, discuss the robustness and comprehensiveness of these findings, and highlight some venues for future explorations.

Does Islamic Finance influence growth? The aim of this paper is to investigate empirically the impact of the Islamic Bank Financing on Malaysia’s economic growth over the period 2000Q1-2011Q4. The hypotheses addressed in this study are discussed within the framework of Demirgüç-Kunt & Levine/Chapra approach and the analysis of the Islamic Banking system. A neoclassical production function augmented by some indicators of the Islamic bank financing has been the theoretical framework of our empirical investigations.

The present study investigates the higher-order measurement model of the Islamic corporate social responsibility (ICSR) construct in business organizations in the Malaysian context. The study aims to contribute new knowledge to the existing literature of corporate social responsibility (CSR) in general, and ICSR in particular. Using disproportionate stratified random sampling, the survey data used for this empirical research was drawn from 219

This study investigate VAR Toda-Yamamoto causality test between macroeconomic variables and Islamic financial market. The purpose of this study is to analyze the information content of Islamic capital market and Islamic money market return with respect to several macroeconomic indicators. Using bivariate method, we found that Islamic capital market index (JII) has more content information than Islamic money market index (SBIS). The exchange rate and interest rate (SBI) significantly affected JII. Otherwise, none of the macroeconomic variables found to significantly affect SBIS.

Conventional Micro Finance Institutions (MFIs) were established essentially to alleviate poverty. Despite their operations for more than four decades, the problems of poverty continue to aggravate. MFIs have been constrained by high cost of fund, high interest rate charge and poor human resource quality of the recipients. Islamic MFIs have recently evolved with the hope of overcoming these financial, ethical and human capital deficiencies faced by the conventional finance. Moreover, a good number of integrated models have been proposed to enhance the role Islamic MFIs.

Over the past decades much effort and research has gone into establishing a viable set of Islamic financial institutions. An area of utmost importance, which still has gaping holes, is the development of instruments for government financing on a global level. Most

Financial health is crucial to the continuous existence and operation of any organisation. It is even more essential in the case of

Since their inception in the mid-1980s, Islamic banks (IBs) or participation banks (PBs) have not yet become one of the primary aspects of the Turkish financial system. Given the developments in other regions such as South East Asia and the Gulf, the market share of the IB sector has been minute, only attaining the level of five percent in the Turkish financial system.

On the deposit side, Islamic banks work on a mudaraba (partnership) contract, where depositor and the bank are business partners.

With the help of favourable macroeconomic conditions during the last two decades, the