Empirical Islamic Banking

PROMOTING AN INCLUSIVE ECONOMY: THE RELEVANCE OF SUSTAINABLE DEVELOPMENT AND ISLAMICITY PROSPERITY INDEX

Submitted by Umar Farooq Patel on Sun, 01/08/2023 - 15:57
This study investigates how the effects of government and foreign bank ownership on private credit vary in the cases of Islamic and conventional banks using data extended from Claessens and van Horen (2014) of 29 dual banking countries from 1995 to 2017. In support of the political view of financial development, we find that the presence of state-owned Islamic banks seem to be slightly less harmful to private credit flows than their conventional peers, particularly in the period after the global financial crisis.

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.

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.

Assessing the Impact of Non-Tariff Measures on Imports and Overall Protection in OIC

Submitted by Umar Farooq Patel on Thu, 10/13/2022 - 18:20

The paper discusses the decline in tariffs and the increasing use of nontariff measures (NTMs) in countries constituting the Organization of Islamic Cooperation (OIC). The paper calculates frequency ratios (number of imports subject to NTMs), coverage ratios (Import value subject to NTMs), tariff equivalent (AVEs) of NTMs, and overall protection (protection provided by tariff and AVEs) for the years 1997 to 2015. The analysis shows that the usage of NTMs has increased in recent decades. More than 50 percent of trade in most countries was subject to NTMs as of 2015.

Knowledge-Based Development and Economic Diversification: The Case of Qatar

Submitted by Munir on Sun, 09/04/2022 - 08:46

Qatar is privileged to have massive natural gas reserves compared to a small population. This massive wealth in gas reserves coupled with the fact that Qatar has a small population, has led Qatar to be ranked among the countries with the highest per capita income in the world. However, continuing reliance on the hydrocarbon revenues will expose the nation to several risks, including overdependence and volatile energy prices, in addition to the “peak oil” risks.

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