Empirical Islamic Banking

This Directory presents a comprehensive and detailed practical study of Islamic financial products. It defines every product and elaborates on its applications and Shariah issues to serve as a guide and a reference for all those who are willing to study and understand Islamic finance, including researchers, academics and Shariah scholars. By so doing, Islamic finance shall be able to have more expertise resources to help develop the industry further.

يقدم هذا الدليل علميا وعمليا وشاملا للمنتجات المالية الإسلامية بتوصيفها وتطبيقاتها وقضاياها الشرعية، ليكون دليلا للباحثين والأكاديميين والشرعيين، بغية إطلاع هؤلاء على كل ما يتعلق بهذه المنتجات ممّا يمهّد السبيل للاستفادة من خبراتهم في تطوير هذه المنتجات بجذبهم إلى عالم الصيرفة الإسلامية بحثا ونقدا، كما يعين الدليل على هيكلة منتجات المالية الاسلامية هيكلة صحيحة وتوضيح طريقة التطبيق الصحيح لها. وهو كذلك دليل للأفراد والمتعاملين مع المؤسسات المالية الإسلامية، فيطلعهم على كنْه هذه المنتجات، ويجيب عن

This paper evaluates the performance of eight tests with null hypothesis of cointegration on basis of probabilities of type I and II errors using Monte Carlo simulations. This study uses a variety of 132 different data generations covering three cases of deterministic part and four sample sizes. The three cases of deterministic part considered are: absence of both intercept and linear time trend, presence of only the intercept and presence of both the intercept and linear time trend.

In this paper, we analyze the demand side of the credit card market. Using unique survey data and a discrete choice model, we uncover consumer preferences for all price and nonprice features of credit cards. Our results provide evidence for an alternative explanation for the credit card pricing puzzles. We show that consumers view credit cards as highly differentiated products with both bank-level and card-level nonprice features. When selecting their credit cards, they predominantly prioritize