Conferences

Several researchers in Islamic economics and finance subject have suggested that awqaf may contribute in alleviating poverty. In many countries, awqaf institutions are gaining attention not only from government but also from public sectors.

Maulana Sayyid Abul Ala Mawdudi (1903 - 1979) is credited with being the founder of Islamic Economics, and having developed the idea of an Islamic Economic System. This paper investigates and finds little support for this claim. Moreover, it suggests that these claims not only strain the evidence available, but they also distort Mawlana Mawdudi’s thoughts, and add little either to his formidable stature as one of the most influential

This paper investigates the market structure and the degree of concentration of Islamic banking industry. This paper reports an empirical assessment of competitive conditions among the Arab GCC banking industry during the years of 2005-2010. We opt for a methodology as proposed by Panzar and Rosse based on a nonstructural estimation of the H-statistic and the most frequently applied measures of concentration k-bank concentration ratio (CRk), Herfindahl–Hirschman Index (HHI), and the measure of entropy.

The importance of liquidity risk and the threat of ensuing bank-run can hardly be overemphasized. The peculiar structure of Islamic banks and their call to the faith of the customers pose interesting questions regarding their behavior during a liquidity crisis and calls for detailed empirical study. Using a natural experiment of an episode of liquidity crunch in Pakistan during 2008, we attempt to decipher the differential behavior of Islamic and conventional banking institutions during such episodes.

Despite the exceptional growth of Islamic economics and finance (IEF) both as academic discipline and operative field, its paradigm still remains to be fully differentiated from the conventional one. In the attempt to identify this distinctive paradigm, this paper outlines the notion of justice (‘

Purpose: The purpose of this paper is to identify and discuss the issues and challenges involved in developing an Islamic interbank benchmark in Pakistan. Design/approach: To achieve this objective the paper initially evaluates the need and the purpose for having a separate Islamic benchmark. Subsequently the paper compares the mechanisms of interest based benchmark prevailing in Pakistan and the Islamic interbank benchmark rate launched recently in the international market with the proposed mechanism of Islamic benchmark in Pakistan.

This paper presents a template for a

An understanding of financing behaviour explains the performance of Islamic banks as an alternative to the conventional finance model as suppliers of capital for businesses and entrepreneurs. In the Islamic banking system, banks are suppliers of capital and not lenders unlike that stipulated in a traditional banking system. To date, Islamic banks have become the major source of capital in Malaysia and lending behaviour is an important policy variable.

This paper provides a critical review of the Islamic Economics (IEs) and Finance (IF) literature that have examined the stability of the Islamic Financial System (IFS) and its institutions vis-a-vis the conventional interest - based system. The authors have been able to analyze thirty four investigations over a thirty year period from 1983 to 2013. The research aims at providing an account of the main findings and conclusions of the literature, discuss the robustness and comprehensiveness of these findings, and highlight some venues for future explorations.