Journal Article

Too small to succeed versus too big to fail: how much does size matter in banking?

Naseri, Marjan; Bacha, Obiyathulla Ismath; Mohammed Masih, Abul Mansur (2019)

Even though large banks could imply large risks and heightened vulnerability for a country's macroeconomy, the presence of many small banks with similar behavior such as Islamic banks could also cause systemic risks. This article makes an initial attempt to investigate the impact of bank size on banking...

Journal Article

View from practice: stock market reaction to sukuk credit rating changes in Malaysia

Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; AlHomsi, Mahmoud (2019)

Documented evidence on conventional bond markets shows negative market reaction to bond credit rating downgrade and no reaction to credit rating upgrade. Despite the fact that sukuk issuances make up more than 58.8% of the value of outstanding bonds in the country and Malaysia issues at least half of...

Journal Article

Waqfintech and sustainable socio-economic development

Ismail Abdel Mohsin, Magda (2019)

This paper aims to discuss the use of financial technology in waqf (Islamic endowment) for funding religious and social causes. It is believed that waqfintech could reach a wider audience and benefit more people in need through the use of innovative financial technology like crowdfunding and blockchain....

Journal Article

Merton's equation and the quantum oscillator II: option pricing

Baaquie, Belal E. (2019)

Merton has proposed a model for contingent claims on a firm as an option on the firms value, and is based on a generalization of the Black-Scholes stochastic equation (Merton, 1974). A special case of Merton's model is proposed - based on the quantum oscillator - for pricing options. Two cases of the...