Master of Science in Islamic Finance

Private credit in dual banking countries: Does bank ownership type matter?

Submitted by Umar Farooq Patel on Sun, 01/08/2023 - 15:57
Inequalities and social exclusion are the consequences of imbalanced economic growth, prompting the World Bank to establish new targets for eradicating extreme poverty and promoting shared prosperity. Surprisingly, the contemporary solution methods are consistent with Shari’ah’s objectives. Stressing the importance of balanced growth, this study aims to quantify prosperity sharing in 28 developed and 14 developing nations by reshaping the notion of sustainable development from an Islamic perspective.

Correction to: Are religious investors financially smart? Evidence from equity funds

Submitted by Umar Farooq Patel on Sun, 01/08/2023 - 15:49
After publication, it was noticed that the sentence “2irardandHassan(2007om day1nforfunds in1990s” was introduced in the equations 3, 4 and 5 by mistake. It should be removed from the equations 3, 4 and 5. The original arti- cle will be updated accordingly.

Are religious investors financially smart? evidence from equity funds

Submitted by Umar Farooq Patel on Sun, 01/08/2023 - 15:49
Using a dataset of 91 Islamic and 78 conventional funds from 2007 to 2016, this study analyzes the flow–return relation of Islamic and conventional funds in Malaysia. We find that the fund flow–return relation for Islamic funds is positive and stronger than that of conventional funds for positive performers. Moreover, Islamic funds still attract fund flows, while conventional funds experience capital outflow during a negative performance. Besides, this study is unique by its attempt to capture the effect of the month of

Combining Contracts Together: An Analysis from Maqasid Perspective

Submitted by Umar Farooq Patel on Sun, 01/08/2023 - 15:42
This paper seeks to analyze the objectives of the Shariah prohibition of combining contracts together. This is important as it is really feared that some interpretations of the Shariah texts suggest such prohibition may have unnecessarily and arbitrarily burdened peoples' financial transactions. The paper attempts to reconcile those texts and the general Shariah objectives of Islamic financial law.

Blockchain Futures in Islamic Finance and Prospects of Qatar in Blockchain and Fintech

Submitted by Umar Farooq Patel on Sun, 01/08/2023 - 11:50

The project focuses on the examination of applications of blockchain technology particularly on Fintech applications of cryptocurrencies, central bank digital currency (CBDC), and smart contracts. The project will research the categories of current global technological advancement in Fintech, blockchain, finance, and regulatory environments in countries that implemented this technology and have conclusions on the futures of Blockchain in Islamic finance and in Qatar.

A Legal Reassessment of the Shariah Governance Standards in Islamic Finance: In Theory and Practice

Submitted by Umar Farooq Patel on Sun, 01/08/2023 - 11:50

This project proposes to discuss the issue of Sharia governance for the Islamic financial industry by highlighting the shortcomings first, and then proposing two organizational models that are believed to achieve the necessary reforms to advance this industry and rid it of its most important organizational problems. It is hoped that such a project will invite for a reformation of the standards from the revered standard issuing bodies.

Understanding Consumer Perception of Circular Economy in Qatar

Submitted by Umar Farooq Patel on Sun, 01/08/2023 - 11:43

This project aims to understand the consumer perception of the circular economy, which will help identify key research areas to stimulate consumer engagement in the circular economy and sustainable consumption in Qatari society. The study will help to identify some of the key barriers to the transition to sustainable consumption focusing on the demand side of the circular economy.

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