Empirical Islamic Banking
Empirical Studies of Islamic Banking and Finance
Selected papers presented to the 10th International Conference on Islamic Economics and Finance held in March 2015.
Legal Capacity of the Intelligent Facilitator and its Impact on Responsibility in Islamic Jurisprudence
| The “Intelligent Facilitator” is a computer program with several sensors and effectors and has some characteristics, such as autonomy, flexibility, learning, adaptation, communication, interaction with the users, the ability to transform goals into tasks, and acting in its environment. |
Ujarah on Qardh in Islamic Jurisprudence: A Comparative Study
| Many individuals and institutions charge Ujrah when they give Qardh. This raises questions about the permissibility of the ujrah in Islamic jurisprudence, particularly since all positive laws have approved its legitimacy worldwide. The paper attempts to answer this question in three sections. |
Penalty and Compensation in Financial Commitments - A Critical Sharia Review
The aim of this paper is to critically review the position of Shariah and contemporary ijtihād on penalty provisions in financial commitments. It is also to show that some relevant
THE EVOLUTION AND INTENSITY OF NON-TARIFF MEASURES ON IMPORTS IN GCC
| This study examines the effect of 1096 analyst recommendation revisions on prices of Shariah-compliant and Shariah non-compliant listed securities in Bursa Malaysia over the period 2005-2016. The study finds that while stocks added-to-buy had positive abnormal returns, the stocks added-to-sell and remove-from-buy had negative abnormal returns in short- and long-term horizons. This finding shows that analysts’ recommendation revisions carry valuable information. |
Foreign trade, education, and innovative performance: A multilevel analysis
| This study analyses the innovative performance of 5,273 companies across 64 different economic sectors and 32 different regions in Colombia. We assess the effects of education and open economy variables on the innovative performance of firms by analyzing firm, sectoral, and regional level determinants. The study takes the multilevel approach of the innovation process considering the structure and behavior of innovation systems in developing countries. |
Intergenerational mobility of education and occupation in Pakistan: a multinomial logistic analysis
| The present study uses a sample of 613 households and attempts to find intergenerational transmission through non-monetary factors such as education and occupations. The results from the logistic regression models are mixtures of opposites, hence more challenging to draw a factual finding from these estimates. For unskilled and managerial ranks of occupation, the findings support the hypothesis, but for skilled non-manual, it does not. The results for the other ranks turn out to be significant. |