Conferences

Does Islamic Finance influence growth? The aim of this paper is to investigate empirically the impact of the Islamic Bank Financing on Malaysia’s economic growth over the period 2000Q1-2011Q4. The hypotheses addressed in this study are discussed within the framework of Demirgüç-Kunt & Levine/Chapra approach and the analysis of the Islamic Banking system. A neoclassical production function augmented by some indicators of the Islamic bank financing has been the theoretical framework of our empirical investigations.

The present study investigates the higher-order measurement model of the Islamic corporate social responsibility (ICSR) construct in business organizations in the Malaysian context. The study aims to contribute new knowledge to the existing literature of corporate social responsibility (CSR) in general, and ICSR in particular. Using disproportionate stratified random sampling, the survey data used for this empirical research was drawn from 219

This study investigate VAR Toda-Yamamoto causality test between macroeconomic variables and Islamic financial market. The purpose of this study is to analyze the information content of Islamic capital market and Islamic money market return with respect to several macroeconomic indicators. Using bivariate method, we found that Islamic capital market index (JII) has more content information than Islamic money market index (SBIS). The exchange rate and interest rate (SBI) significantly affected JII. Otherwise, none of the macroeconomic variables found to significantly affect SBIS.

Conventional Micro Finance Institutions (MFIs) were established essentially to alleviate poverty. Despite their operations for more than four decades, the problems of poverty continue to aggravate. MFIs have been constrained by high cost of fund, high interest rate charge and poor human resource quality of the recipients. Islamic MFIs have recently evolved with the hope of overcoming these financial, ethical and human capital deficiencies faced by the conventional finance. Moreover, a good number of integrated models have been proposed to enhance the role Islamic MFIs.

Over the past decades much effort and research has gone into establishing a viable set of Islamic financial institutions. An area of utmost importance, which still has gaping holes, is the development of instruments for government financing on a global level. Most

This paper provides a comprehensive discussion on the gold investment, its operation and contemporary applications in the context of Malaysia. This paper follows qualitative or descriptive research method, relating to the shariah compliance issues in relation to the status of Malaysia as a country that practices a dual financial system. Gold investment in Malaysia offers a rewarding and secure asset class for investors through two different ways, physical gold or gold account “paper gold”.

Evidence has been mounting that the interest-based debt financing regime is under increasing distress. Evidence also suggests that the financial crises, whatever title they carried - exchange rate crisis or banking crisis – have been debt crises in essence. At present, data suggest that the debt-to-GDP ratio of the richest members of the G-20 is expected to reach 120% mark by 2014. There is also evidence that out of securities worth US$ 200 trillion in the global economy, no less than three-fourth represents interest-based debt.

The present paper studies differences in thoughts of first vs. second generation Islamic economists, during the past forty years. It also investigates deviations that occurred in thought and practice in this period. But first it attempts to determine the basis of differentiation between the two generations and their distinguishing features. For our study purpose, we regard as the first generation those scholars who started writing on the subject of Islamic economics between 1950 to 1975, a period highly unfriendly if not hostile to the idea of economics with Islamic perspective.