Journal Article

Does low leverage minimise the impact of financial shocks? New optimisation strategies using Islamic stock screening for European portfolios

el Alaoui, AbdelKader Ouatik; Bacha, Obiyathulla Ismath; Mohammed Masih, Abul Mansur; Asutay, Mehmet (2018)

This study embodies a preliminary endeavour at analysing the impact of leverage on portfolio behaviour, with specific reference to return and volatility, in the European stock markets, using the debt ratio as one of the important benchmarks for Islamic stock screening. Given the focus of Islamic stock...

Journal Article

The less developed states are converging to the richer state in Malaysia: an empirical investigation with some robust results

Habibullah, Muzafar Shah; Din, Badariah H.; Sanusi, Nur Azura; Abdul Hamid, Baharom (2018)

The present paper addresses the question whether the less developed states, namely; Kedah, Kelantan, Pahang, Perlis, Sabah, Sarawak and Terengganu are converging with the richer state of Selangor, using unit root test and cointegration approach to test for income convergence for the period 1970-2013....

Journal Article

Determinant of securitization spread in Malaysia

Bakri, Mohammed Hariri; Sufian, Fadzlan; Abdul Hamid, Baharom; Ismail, Shafinar (2018)

Malaysian firms have been reported to be involved in Asset-Backed Securities since 1986 when Cagamas Bhd was the pioneer in the field. This research aims to examine the factors influencing spread in Malaysia's securitization market. In order to provide a test of stability and a choice of model, the multicollinearity...

Journal Article

Enhancing the zakat framework of Maldives: a one hundred percent Muslim country

Muneeza, Aishath (2018)

Maldives is a one hundred percent Muslim nation where the zakat administrative function is entrusted to a government ministry, the Ministry of Islamic Affairs (MIA), which manages zakat al maal and zakat al-fitr. Since June 1, 2016, MIA has delegated the task of collecting zakat to the Maldives Inland...