Islamic Finance

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Resilience of Islamic Finance During the Credit Crunch – Empirical Evidence from the European Market

Submitted by Anonymous (not verified) on Thu, 08/22/2019 - 16:22

Islamic Finance is based on the Islamic Jurisprudence as prescribed by the Shariah, and has witnessed significant growth and development in the recent decades. During the period of economic slowdown and following Financial Crisis during FY 2007-2009, it was claimed that this financial system seemed to be better in coping with such economic slowdowns. The paper analyses whether the same holds true for Shariah compliant equities in the market i.e. whether Shariah compliant equities perform better in the market as compared to general market.

Poverty and Macroeconomic Development in Algeria: What is the Contribution of Oil Revenues?

Submitted by Anonymous (not verified) on Thu, 08/22/2019 - 16:22

The objective of our research is the analysis the relationship between macroeconomic growth and poverty reduction. Indeed, macroeconomic growth has long been viewed as one of the most effective ways to reduce poverty. Historically, the rising tide of labor market opportunities that accompanies an economic expansion has helped the poor more than the rich, leading to a narrowing of the income distribution and a fall in poverty. Our objective is to investigate for the impact of economic growth on poverty in Algeria.

Monetary Economics for Stakeholders? A Second Look on Causes of Inflation and Monetary Underpinnings

Submitted by Anonymous (not verified) on Thu, 08/22/2019 - 16:22

Conventional analysis explores the reasons of inflation in the Quantity Theory of Money, which describes the relation between Money and Prices. However, beside the QTM, there is another phenomenon which is responsible for high inflation i.e. the Inherent Gap. When a bank gives loan to a borrower, the borrower has to pay the principal amount plus interest rate, but the existing stock do not have enough money to pay back. This is because the banks create only the principal amount they don’t create the interest amount.

Murabaha Mortgage Backed Securities, A New Financial Instrument for Islamic Banking

Submitted by Anonymous (not verified) on Thu, 08/22/2019 - 16:22

Banks as one of the important institutions in money market has an undeniable role for financing different plans like: productive, services and business. Now there are some problems for banks to finance themselves. Mortgage backed-securities are one of the prevalent ways of financing in the banks. It has a long history in the conventional banks. Designing and creating new financial instruments in the banks are possible now.

Post-Crisis Economic Recovery in OIC Member States: Is It Sustainable?

Submitted by Anonymous (not verified) on Thu, 08/22/2019 - 16:22

Due to the global financial crisis of 2008, the economic performance of OIC member states was adversely affected in 2009 in terms of decelerating economic growth and deteriorating current account balances. However, in the post-crisis period, the OIC member states have recovered rapidly. In the medium-term scenario (2011–2015), the economic recovery in OIC states is projected to be robust but real GDP growth and is likely to remain below the level achieved in the pre-crisis period (2000–2007).

Poverty Alleviation of Projects of Zakat Distribution: The Role of Organizational Learning in Ensuring Project Success

Submitted by Anonymous (not verified) on Thu, 08/22/2019 - 16:22

Organizational learning is increasingly being recognized as a critical factor in an organization’s ability to create ongoing economic value for its stakeholders. Organizational learning is the process of changing the organization to fit the changed environment.