Conferences

This paper examines the relationship between the volume of investment deposits (profit sharing investment accounts - PSIA) and capitalization of Islamic commercial banks in a context of asymmetric information. Unlike current accounts holders, investment accounts holders may support part or all of the losses on assets value, which could be a source of moral hazard among bank managers and shareholders. To test these assumptions, we use the system generalized method of moments (System GMM) on a dynamic panel of 59 Islamic banks observed during the period 2005-2009.

According to the principles of Islamic jurisprudence, lending money to an individual with the condition that guarantees receiving some additional benefit is known as Riba.

Religious belief is a common human characteristic that is largely neglected within mainstream development practice and theory. Religious principles and social teaching however, can positively contribute to poverty alleviation. This paper explores examples of how Islamic principles of charity and finance can strengthen microfinance as a poverty alleviation strategy. It describes two cases study of Baitul Maal Muamalat Indonesia and Baitul Qiradh Baznas in Indonesia. The study shows although they have utilized

We examine the use of Islamic financial instruments in the capital structure of non-financial firms from 16 Islamic countries. Contrary to various bold claims of tremendous growth of Islamic finance over the time, a preliminary analysis reveals relatively low penetration of Islamic financial instruments in the firms’ capital structure mix. This poses a concern on the sustainability of Islamic finance growth. We argue that the Islamic financial instruments are less attractive to some corporations and further research will be undertaken to explore some of the plausible reasons.

MACCA provided

This paper examines some characteristics of efforts to make

Research that connects religion with low demand for public schooling, credit or other “modern” services usually attributes fault to the consumer's faith, not to the service of interest. Accordingly, supposing that the service is inherently good, the argument is made that the object of policy should be the recalcitrant parent or borrower, because there cannot be anything wrong with the (unmarketable) service.

According to the World Bank, there are over a billion malnourished people worldwide today. A multitude of factors are expected to cause continued food price increases as evidenced by World Bank’s food price index in January 2011, which rose 29% above its level from a year earlier. From Egypt, Indonesia, Bangladesh, and Sudan, to Pakistan–many of the 57 OIC (Organization of Islamic Conference) member countries are facing some of the worst pains of this global food crisis.