Book

The institution of waqf: an innovative financial tool for socio-economic development

Ismail Abdel Mohsin, Magda; Muneeza, Aishath (2020)

The book is written to meet the needs of students studying waqf and those who are keen to study modes of Islamic social finance. Part of this book maybe useful to those studying Islamic economics at the undergraduate and postgraduate levels. Apart from students, this book can be used by professionals...

Journal Article

Does foreign aid help or hinder the institutional quality of the recipient country? New evidence from the OIC countries

Chowdhury, Mohammad Ashraful Ferdous; Abdul Kareem, Mohamed Ariff; Mohammed Masih, Abul Mansur; Ismail, Izlin (2020)

This study examines the impact of foreign aid on the institutional quality (IQ) of the OIC countries. Using the data of OIC countries for the three-year average period from 1991 to 2016, the system GMM finds that aid in general deteriorates the IQ for the aid recipient countries. However, quantile regression...

Journal Article

Merton's equation and the quantum oscillator: pricing risky corporate coupon bonds

Baaquie, Belal E. (2020)

Merton has proposed a model of the contingent claims on a firm as an option on the firms value, and the model is based on a generalization of the Black-Scholes stochastic equation. Merton's model can be used to price any contingent claim on the firm. A risk-sharing oscillator model for the pricing of...

Chapter in Book

Developing a waqf market and reconceptualising awqaf governance via regtech

Mustapha, Zakariya; Muneeza, Aishath (2020)

As a charitable institution, waqf is envisaged as an inherent segment of the Islamic financial services industry with potential to develop into a market for Islamic social finance. While the industry records growth and development with huge profits in its banking, takaful and capital market segments,...