Journal Article

Bonds with index-linked stochastic coupons in quantum finance

Baaquie, Belal E. (2018)

An index-linked coupon bond is defined that pays coupons whose values are stochastic, depending on a market defined index. This is an asset class distinct from the existing coupon bonds. The index-linked coupon bond is an example of a sukuk, which is an instrument that implements one of the cornerstones...

Industry Article

Weapon to end poverty: closing the gender wealth gap with Islamic wealth management

Muneeza, Aishath (2018)

Women represent more than half of the world's population, and make 40% of the world's labour force. Yet, according to the World Bank, they hold just 1% of the world's wealth. The sizable gender wealth gap is even more stark for women in developing countries, where they are more likely than men to do...

Industry Article

Women empowerment in Islamic finance industry

Muneeza, Aishath (2018)

Women empowerment is often associated with feminism. The moment a woman voices out issues on gender equality, there is a general perception that she is talking about compromising of quality and competency and arguing for undue career development and its progression in favour of women. This is indeed...

Industry Article

A small island nation aspiring to spearhead Islamic finance in South Asia: size does not matter

Muneeza, Aishath (2017)

Share of Islamic banking in the national banking sector of the Maldives is reaching 5%. Despite this, the Maldives has not featured in ISFIRE previously. In fact, it has not been even ranked in Islamic Finance Country Index (IFCI), published by our yearbook, Global Islamic Finance Report (GIFR). This...