Sustainable Islamic Finance

Shariah Compliance Status and Value of Analysts' Recommendation Revisions: Evidence from Malaysia

Submitted by Munir on Tue, 01/25/2022 - 13:12
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.

Energy-Water-Environment Nexus and the Transition Towards a Circular Economy: The Case of Qatar

Submitted by Munir on Tue, 01/25/2022 - 07:53

Qatar’s per capita consumption of both energy and water is among the highest in the world. Documentation of methods to reduce energy and water use and its impact on the environment is crucial. A circular economy (CE) ensures that economic growth must not necessarily lead to more resource consumption. Materials and methods This study aims to discuss the CE approach with a focus on understanding the interdependencies between energy and water and their impact on the environment.

Major Shareholders' trust and market risk: Substituting weak institutions with trust

Submitted by Munir on Tue, 01/25/2022 - 07:20
This study examines the impact of foreign controlling shareholder trust on firm market risk using two measures of total and idiosyncratic risk. An extensive global sample of 12,496 firm-year observations from 43 countries is employed. The results show that firms controlled by foreign trusting shareholders display lower levels of risk in both market measures.

Toward a diversified economy in post-pandemic environment: regeneration of Qatari villages

Submitted by siteadmin on Thu, 03/11/2021 - 15:11

This paper aims to explore the possibilities of economic diversification in the State of Qatar through the regeneration of built heritage post the COVID-19 pandemic, promoting sustainable tourism and creating a center for cultural heritage in Qatar, thereby enhancing the sense of identity both socially and physically among the nationals and residents.

The Role of Islamic Finance in Fostering Circular Business Investments: the Case of OIC Countries

Submitted by siteadmin on Wed, 03/10/2021 - 17:28

The linear economic approach described as the "take, make, dispose of" model where the bulk of the material used to make products is ultimately thrown away is recognized as a contributor to the natural resource constraints faced by humanity. Responding to this problem requires an economic paradigm of "reduce, reuse and recycle" conceptualized as Circular Economy(CE). The paper explores ways Islamic finance can support circular businesses within OIC countries to achieve economic growth that is not at the expense of the environment.

Global Environmental Governance and the GCC: Setting the Agenda for Climate Change and Energy Security

Submitted by siteadmin on Tue, 03/09/2021 - 11:50

The threat of climate change and the need for energy security pose serious challenges for policymakers. Part of the strategy to tackle these issues rests on multilateral initiatives increasing the momentum of global environmental governance efforts. Nevertheless, these problems create a further dilemma for the Gulf Cooperation Council (GCC) countries. On the one hand, the impact of climate change will heavily affect these countries and thus requires their active participation in mitigation efforts.

Practical Means of Integrating Zakat and Waqf into the Poverty Reduction Agenda of OIC Member Countries

Submitted by siteadmin on Wed, 10/14/2020 - 10:04

The prevalence of widespread poverty is one of the most serious challenges confronting the world today. The intensity of the problem in developing countries, mostly OIC member countries (MCs), is more severe. The developed nations of the world have succeeded overtime to provide social protection to their masses by launching a variety of welfare programs. Unfortunately, similar social security measures either do not exist or do not work efficiently in the developing countries.