Conferences

Role of Islamic Cooperatives in Financing Micro and Small Scale Entrepreneurs in Indonesia: Case Study of KOSPIN Jasa Syariah Pekalongan

Submitted by Anonymous (not verified) on Thu, 08/22/2019 - 16:22

One of the major problems faced by micro and small scale entrepreneurs (MSE) is lack of financial access. The presence of Islamic microfinancing institution (IMI) is extremely important. IMI offers simpler administrative and requirement procedures as compared to the commercial banks. One of the IMIs that exist in Indonesia is Islamic cooperatives. This paper attempts to observe empirical role of Islamic cooperatives in the country by taking a case study of Kospin Jasa Syariah in Pekalongan city, Central Java.

Risk-Conscious Valuation and Design of Contracts for Islamic Principles and Sustainable Development: A Mathematical Framework for Islamic Financial Engineering

Submitted by Anonymous (not verified) on Thu, 08/22/2019 - 16:22

Starting from the fundamental principles, whether a designed contract implies a clean bay´ rather than ribā is central to our discussion. We argue that ribā and gharar may easily arise through neglect of risk or inappropriate valuation methods for value and risk of assets and financial instruments.

Risk Management Practices and Financial Performance of Islamic Banks: Malaysian Evidence

Submitted by Anonymous (not verified) on Thu, 08/22/2019 - 16:22

This study aims to analyse the relationship between risk management practices and financial performance in the Islamic banks in Malaysia. In achieving this objective, the study assesses the current risk management practices of the Islamic banks and links them with the banks’ financial performance. The study uses both the primary (survey questionnaires) and secondary data (annual reports). The results of the study shed some lights on the current risk management practices of the Islamic banks in Malaysia.

Reversing Entropy to Sustainability: The Moral Dimension

Submitted by Anonymous (not verified) on Thu, 08/22/2019 - 16:22

Sustainability and entropy are concepts more than simply relating to environment and physical systems of energy dissipation, respectively. In the moral, social and co-integrated socio-scientific planes of human experience sustainability is essentially the positive action and response between the episteme of unity of knowledge and its social reconstruction of the unified world-system. Such a praxis of knowledge and experience lies at the core of the moral law of unity.

Resilience of Islamic Finance During the Credit Crunch – Empirical Evidence from the European Market

Submitted by Anonymous (not verified) on Thu, 08/22/2019 - 16:22

Islamic Finance is based on the Islamic Jurisprudence as prescribed by the Shariah, and has witnessed significant growth and development in the recent decades. During the period of economic slowdown and following Financial Crisis during FY 2007-2009, it was claimed that this financial system seemed to be better in coping with such economic slowdowns. The paper analyses whether the same holds true for Shariah compliant equities in the market i.e. whether Shariah compliant equities perform better in the market as compared to general market.