Journal Article

Is there a diversification "cost" of Shari'ah compliance? Empirical evidence from Malaysian equities

Mustaffa Kamil, Nazrol Kamil; Bacha, Obiyathulla Ismath; Mohammed Masih, Abul Mansur (2021)

Islamic equity portfolios work with a smaller investment universe given the filtering of non Shari'ah compliant stocks. It has been theoretically argued that this culminates in suboptimal portfolio diversification, which in turn adversely affects risk-adjusted returns. We offer empirical evidence that...

Chapter in Book

Islamic fintech and financial inclusion

Muneeza, Aishath; Mustapha, Zakariya (2021)

The modern Islamic finance as an offshoot of financial engineering is the product of permissible innovation as a manifestation of the dynamism of Islam which allows for permanence and continued relevance of Islam in any age to come. Using technology or any permissible means to bring about financial solutions...

Journal Article

Determinants contributing to the primary market spread of securitization in Malaysia

Ngau, Duo Seng; Bakri, Mohammed Hariri; Al Shami, Samer Ali; Abdul Hamid, Baharom; Zainal, Nurazilah (2020)

During the year 1997, the Asian financial crisis disclosed the inherent weaknesses of the financial market in Asia. Organisations had an over-dependence to the banks as the primary sources of fund is one of the reasons why companies faced difficulty during the financial crisis. One of the factors that...

Journal Article

The potential of fintech in enhancing the use of salam contract in Islamic banking

Muneeza, Aishath; Mustapha, Zakariya (2020)

An Islamic banking system employs different Shariah contracts to develop and offers products and services in different jurisdictions. One of such contracts is salam which is a forward sale contract. This study aims to examine the practice of salam as an instrument of Islamic banks financing and how technology...