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Showing results 1 to 10 of 914
  • 270317 - ISLAMIC FINANCE, DEVELOPMENT & GROWTH.pdf.jpg
  • Academic Presentation


  • Alhabshi, Syed Othman (2017-03-27)

  • The slides "Islamic finance in Malaysia: development and growth" presented by Prof. Datuk Dr. Syed Othman Alhabshi to the Delegates from Ministry of Finance, Ghana, at INCEIF.

  • 2017_feb_11_towards_a_comprehensive_development_of_IF_for_Tehran_alhabshi.pdf.jpg
  • Keynote & Speech


  • Alhabshi, Syed Othman (2017-03-11)

  • Islamic Finance which is an offshoot of Islamic economics has seen a more aggressive development than its parent in the last five decades. Islamic economics itself has been quite stagnant given the enthusiasm in building institutions such as banks, takaful companies, capital markets, and structuring products based on the Islamic contracts for such institutions. Many countries have joined the bandwagon to significant level of success, measured in terms of asset size, revenue, profitability, market share, etc. Whilst Islamic economics has still not completely departed from its conventional counterpart both theoretically and empirically, Islamic finance seem to suffer similar fate mimicking its conventional institutions and products at the risk of being considered unIslamic. Although many ...

  • sudan_academy_banking_financial_sciences_vision_hub_Islamic_finance_africa_magda.pdf.jpg
  • Journal Article


  • Ismail Abdel Mohsin, Magda; Khattab, Ishraga; Alchaar, Mhd Osama (2017)

  • The practice of Islamic banking has become a fast growing and widespread phenomenon, not only in the Muslim countries, but also in the Non-Muslim countries too, such as UK, USA, Canada and Singapore. The transformation from a conventional form of banking to a banking system based on interest-free banks has generated a great deal of interest to call for Human Capital Development in the field to ensure sustainability, good performance and good competitive market in the Islamic financial industry. Even though Sudan is the pioneer in taking the initiative of Islamizing its financial industry since 1980s, yet we realized that other countries are taking the leading international and regional hub of Islamic finance such as Malaysia in the Asian region and UK in European countries, and recently...

  • PhD_oil_revenue_financial_development_role_institutions_Ruslan_Nagayev.pdf.jpg
  • PhD


  • Nagayev, Ruslan (2017)

  • Almost every second barrel of oil is produced in the OIC region. It is expected that the influx of oil revenue will help in developing the financial markets and the economies of these countries. So, the accelerated growth of Islamic financial industry at a double-digit rate annually has been attributed to the liquidity generated from the oil production. However, the recent adverse shocks emanating from the international oil market (quadruple drop in oil price) have cast scepticism about the sustainability of financial sectors in OIC oil-producing countries in general and the growth of Islamic banking industry, in particular. Slumping oil prices are expected to reduce the liquidity ... Available in downloadable format.

  • PhD_competition_stability_relationship_dual_banking_systems_Mhd_Moutaz.pdf.jpg
  • PhD


  • Abojeib, Mhd Moutaz (2017)

  • Numerous attempts have been made to study the impact of competition on banking-stability before and after the recent global financial crisis. In the rich theoretical and empirical literature on the topic, two contradictory views have surfaced, i.e. the competition-fragility view and the competition-stability view. This thesis provides empirical evidence of a nonlinear relationship between competition and stability that explains, at least partially, the conflicting results of previous theoretical and empirical studies. Furthermore, while the existing literature focuses on conventional banking, this thesis investigates both Islamic and conventional banks in dual banking systems and explores whether or not bank types affect ... Available in downloadable format.

  • administration_zakat_wealth_Maldives_muneeza.pdf.jpg
  • Journal Article


  • Muneeza, Aishath (2017)

  • For Muslims zakat is obligatory and different jurisdictions in the world have different mechanisms to administer it. Maldives is a hundred percent Muslim country and zakat administration in the country is unique. As such the objective of the paper is to discuss the zakat administration in Maldives with special reference to zakat al mal and to discuss the challenges facing the existing way of zakat administration. The paper also includes ways to overcome the challenges. No literature on this area in Maldives could be found and as such reference to primary materials such as unpublished statistics, reports, brochures have been made. It is hoped that this paper will encourage further research on this area in Maldives.

  • tawarruq_product_financing_Islamic_banking_system_muneeza.pdf.jpg
  • Journal Article


  • Ahmad, Ellida Fauziah; Shihama, Mariyam; Mohamad Tarmizi, NurSulaim Ashikin; Jibril, Saidu Mudi; Djama, Samia Ibrahim; Muneeza, Aishath (2017)

  • Many discussions and studies have taken place regarding the permissibility of Tawarruq and 'Inah transactions. While Tawarruq is widely used in Malaysia and around the globe 'Inah has been declined by many Islamic banks operating in many jurisdictions. The purpose of this paper is to study the application of Tawarruq in the Malaysian Islamic banking system. For this purpose the paper will discuss the permissibility of Tawarruq transactions from viewpoint of classical and contemporary scholars and its application in other countries. The methodology used to conduct the study was qualitative; hence the data was collected from various documents and studies conducted by scholars. For this purpose a comprehensive study on Tawarruq was extracted from the Bank Negara guidelines and othe...

  • PhD_leverage_decision_firms_comparative_analysis_Shariah_compliant_Shariah_non_compliant_firms_Ramazan_Yildirim.pdf.jpg
  • PhD


  • Yildirim, Ramazan (2017)

  • Capital structure which is the mixture of debt and equity capital of a company is very important since it is related to the ability of the company to fulfil the needs of its stakeholders. The main competing theories, which attempts to understand how financing decisions are made, that have emerged and developed over the last decades are the Trade-Off Theory and the Pecking Order Theory. Trade-Off Theory predicts that firms should balance the tax benefits of debt against the cost of debt, therefore firms should have an optimal capital structure. In contrast, Pecking Order Theory does not imply that firms capital structure decision is driven by the notion of optimal ... Available in downloadable format.

  • item.jpg
  • Book


  • Abdul Kareem, Mohamed Ariff (2017)

  • This modern history of Islamic finance is pretty short spanning a period of roughly five decades, compared to conventional finance which goes back to more than four centuries earlier. Islamic finance has spread rapidly across the globe, reminiscent of Lao-tzu's famous saying "A journey of a thousand miles begins with a single step". Malaysia, a pioneer in the development of the Islamic finance industry, has emerged as one of the major hubs for global Islamic finance. Available in physical copy only (Call Number: HG 3368 A6 I82Mo)

  • is_the_regime_of_risk_transfer_sustainable_abbas_adam_ginanjar_baharom.pdf.jpg
  • Journal Article


  • Mirakhor, Abbas; Ng, Adam Boon Ka; Dewandaru, Ginanjar; Abdul Hamid, Baharom (2017)

  • In a risk transfer and shifting financial systems, an interest rate based debt contract is an "impossible contract," since, under the axioms of conventional economics, the borrower has an incentive not to repay the loan. Such impossible contract is made possible by creating a virtual world of certainty through mechanisms such as collateral requirements and an edifice of legal, administrative, policy incentive mechanisms that include positive and negative enforcements that protect the creditor. The society has to bear huge costs to make them possible. Risk sharing has the potential to enhance efficiency as each party to contracts has "skin-in-the-game", thus eliminating or minimizing the principal-agent problem. Participants in a contract of an economic undertaking ca...

Browsing by Dates

Showing results 1 to 10 of 914
  • 270317 - ISLAMIC FINANCE, DEVELOPMENT & GROWTH.pdf.jpg
  • Academic Presentation


  • Alhabshi, Syed Othman (2017-03-27)

  • The slides "Islamic finance in Malaysia: development and growth" presented by Prof. Datuk Dr. Syed Othman Alhabshi to the Delegates from Ministry of Finance, Ghana, at INCEIF.

  • 2017_feb_11_towards_a_comprehensive_development_of_IF_for_Tehran_alhabshi.pdf.jpg
  • Keynote & Speech


  • Alhabshi, Syed Othman (2017-03-11)

  • Islamic Finance which is an offshoot of Islamic economics has seen a more aggressive development than its parent in the last five decades. Islamic economics itself has been quite stagnant given the enthusiasm in building institutions such as banks, takaful companies, capital markets, and structuring products based on the Islamic contracts for such institutions. Many countries have joined the bandwagon to significant level of success, measured in terms of asset size, revenue, profitability, market share, etc. Whilst Islamic economics has still not completely departed from its conventional counterpart both theoretically and empirically, Islamic finance seem to suffer similar fate mimicking its conventional institutions and products at the risk of being considered unIslamic. Although many ...

  • sudan_academy_banking_financial_sciences_vision_hub_Islamic_finance_africa_magda.pdf.jpg
  • Journal Article


  • Ismail Abdel Mohsin, Magda; Khattab, Ishraga; Alchaar, Mhd Osama (2017)

  • The practice of Islamic banking has become a fast growing and widespread phenomenon, not only in the Muslim countries, but also in the Non-Muslim countries too, such as UK, USA, Canada and Singapore. The transformation from a conventional form of banking to a banking system based on interest-free banks has generated a great deal of interest to call for Human Capital Development in the field to ensure sustainability, good performance and good competitive market in the Islamic financial industry. Even though Sudan is the pioneer in taking the initiative of Islamizing its financial industry since 1980s, yet we realized that other countries are taking the leading international and regional hub of Islamic finance such as Malaysia in the Asian region and UK in European countries, and recently...

  • PhD_oil_revenue_financial_development_role_institutions_Ruslan_Nagayev.pdf.jpg
  • PhD


  • Nagayev, Ruslan (2017)

  • Almost every second barrel of oil is produced in the OIC region. It is expected that the influx of oil revenue will help in developing the financial markets and the economies of these countries. So, the accelerated growth of Islamic financial industry at a double-digit rate annually has been attributed to the liquidity generated from the oil production. However, the recent adverse shocks emanating from the international oil market (quadruple drop in oil price) have cast scepticism about the sustainability of financial sectors in OIC oil-producing countries in general and the growth of Islamic banking industry, in particular. Slumping oil prices are expected to reduce the liquidity ... Available in downloadable format.

  • PhD_competition_stability_relationship_dual_banking_systems_Mhd_Moutaz.pdf.jpg
  • PhD


  • Abojeib, Mhd Moutaz (2017)

  • Numerous attempts have been made to study the impact of competition on banking-stability before and after the recent global financial crisis. In the rich theoretical and empirical literature on the topic, two contradictory views have surfaced, i.e. the competition-fragility view and the competition-stability view. This thesis provides empirical evidence of a nonlinear relationship between competition and stability that explains, at least partially, the conflicting results of previous theoretical and empirical studies. Furthermore, while the existing literature focuses on conventional banking, this thesis investigates both Islamic and conventional banks in dual banking systems and explores whether or not bank types affect ... Available in downloadable format.

  • administration_zakat_wealth_Maldives_muneeza.pdf.jpg
  • Journal Article


  • Muneeza, Aishath (2017)

  • For Muslims zakat is obligatory and different jurisdictions in the world have different mechanisms to administer it. Maldives is a hundred percent Muslim country and zakat administration in the country is unique. As such the objective of the paper is to discuss the zakat administration in Maldives with special reference to zakat al mal and to discuss the challenges facing the existing way of zakat administration. The paper also includes ways to overcome the challenges. No literature on this area in Maldives could be found and as such reference to primary materials such as unpublished statistics, reports, brochures have been made. It is hoped that this paper will encourage further research on this area in Maldives.

  • tawarruq_product_financing_Islamic_banking_system_muneeza.pdf.jpg
  • Journal Article


  • Ahmad, Ellida Fauziah; Shihama, Mariyam; Mohamad Tarmizi, NurSulaim Ashikin; Jibril, Saidu Mudi; Djama, Samia Ibrahim; Muneeza, Aishath (2017)

  • Many discussions and studies have taken place regarding the permissibility of Tawarruq and 'Inah transactions. While Tawarruq is widely used in Malaysia and around the globe 'Inah has been declined by many Islamic banks operating in many jurisdictions. The purpose of this paper is to study the application of Tawarruq in the Malaysian Islamic banking system. For this purpose the paper will discuss the permissibility of Tawarruq transactions from viewpoint of classical and contemporary scholars and its application in other countries. The methodology used to conduct the study was qualitative; hence the data was collected from various documents and studies conducted by scholars. For this purpose a comprehensive study on Tawarruq was extracted from the Bank Negara guidelines and othe...

  • PhD_leverage_decision_firms_comparative_analysis_Shariah_compliant_Shariah_non_compliant_firms_Ramazan_Yildirim.pdf.jpg
  • PhD


  • Yildirim, Ramazan (2017)

  • Capital structure which is the mixture of debt and equity capital of a company is very important since it is related to the ability of the company to fulfil the needs of its stakeholders. The main competing theories, which attempts to understand how financing decisions are made, that have emerged and developed over the last decades are the Trade-Off Theory and the Pecking Order Theory. Trade-Off Theory predicts that firms should balance the tax benefits of debt against the cost of debt, therefore firms should have an optimal capital structure. In contrast, Pecking Order Theory does not imply that firms capital structure decision is driven by the notion of optimal ... Available in downloadable format.

  • item.jpg
  • Book


  • Abdul Kareem, Mohamed Ariff (2017)

  • This modern history of Islamic finance is pretty short spanning a period of roughly five decades, compared to conventional finance which goes back to more than four centuries earlier. Islamic finance has spread rapidly across the globe, reminiscent of Lao-tzu's famous saying "A journey of a thousand miles begins with a single step". Malaysia, a pioneer in the development of the Islamic finance industry, has emerged as one of the major hubs for global Islamic finance. Available in physical copy only (Call Number: HG 3368 A6 I82Mo)

  • is_the_regime_of_risk_transfer_sustainable_abbas_adam_ginanjar_baharom.pdf.jpg
  • Journal Article


  • Mirakhor, Abbas; Ng, Adam Boon Ka; Dewandaru, Ginanjar; Abdul Hamid, Baharom (2017)

  • In a risk transfer and shifting financial systems, an interest rate based debt contract is an "impossible contract," since, under the axioms of conventional economics, the borrower has an incentive not to repay the loan. Such impossible contract is made possible by creating a virtual world of certainty through mechanisms such as collateral requirements and an edifice of legal, administrative, policy incentive mechanisms that include positive and negative enforcements that protect the creditor. The society has to bear huge costs to make them possible. Risk sharing has the potential to enhance efficiency as each party to contracts has "skin-in-the-game", thus eliminating or minimizing the principal-agent problem. Participants in a contract of an economic undertaking ca...