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Showing results 478 to 497 of 1488
  • 2009_oct_21_financial_and_economic_turmoil_opportunities_for_retakaful_as_a_viable_alternative_alhabshi.pdf.jpg
  • Academic Presentation


  • Authors: Alhabshi, Syed Othman (2009-10-21)

  • It is exactly a decade after the East-Asian Financial crisis of 1997-98 that the world is saddled with yet a much bigger and deeper financial and economic turmoil. The East-Asian Financial crisis was mainly due to the serious structural weaknesses of the East Asian economies where rapid economic growth for over seven years was not supported by genuine growth engine. Rather it was fuelled by rapid monetary growth, current account deficits, negative Savings-Investment gaps and short term capital inflows. The vulnerability was further enhanced by overvalued exchange rate and reduction in foreign capital inflow.

  • chapter_7_financial_and_operating_performance_of_privatised_companies_Abdeldayam_Yusuf_Zulkarnain.jpg.jpg
  • Chapter in Book


  • Authors: Abdeldayam, M.M.; Karbhari, Yusuf; Muhamad Sori, Zulkarnain (2015)

  • The term privatisation has many shades of meaning. The overall purpose of privatisation is that of transferring the provision of goods and services from the public sector to the private sector and Kay and Thompson (1986) suggest that the term covers denationalisation (the sale of state owned enterprises), deregulation (the introduction of competition) and contracting out (the provision by private sector organisations of public services). Over the past 25 years or so, all of these various forms of privatisation have developed and evolved and are now a pervasive feature of the economies of many countries. Available in physical copy only (Call Number: HF 5630 S464)

  • financial_constraint_firm_investment_malaysia_investigation_investment_cash_flow_relationship_mansor_pisal.pdf.jpg
  • Journal Article


  • Authors: Ismail, Mohd Adib; Ibrahim, Mansor H.; Yusoff, Mohammed; Zainal, Mohd-Pisal (2010)

  • This paper investigates the presence of financial constraints among firms in Malaysia using firm level panel data analysis. The empirical results based on panel GMM demonstrate that financial constraints are present in the market, which indicate that the firms are unable to access to external forms of financing. In addition, the presence also signifies the presence of asymmetric information problem between the firm and its financer. Thus, the neoclassical investment theory which based on assumption of complete information such that only factor prices and technology determine firm’s desired capital stock is simply rejected. Eventually, their investments are much affected by fluctuation...

  • PhD_financial_crimes_Shariah_perspective_Mohd_Emil.pdf.jpg
  • PhD


  • Authors: Md Noor, Mohd Emil Azril Bahari (2016)

  • This dissertation examines financial crimes from a Shari'ah perspective by looking at the specific offences of illegal deposit taking and criminal breach of trust in Malaysia. The underlying principles of criminal law in Islam is espoused to give rise to the nomenclature of financial crimes within the Shari'ah by exposing elements of criminal activities that are acted in the realm of finance. The elements of offences for Illegal Deposit Taking and Criminal Breach of Trust are examined through statutes and case laws and compared to the elements of crime available in the Shari'ah ...

  • financial_derivatives_3rd_edition_obiyathulla.jpg.jpg
  • Book


  • Authors: Bacha, Obiyathulla Ismath (2012)

  • This book is designed specifically for a first course in derivatives. It has been written with the beginner in mind and assumes no previous knowledge or familiarity with derivatives. Written in an informal, easy to read style, it guides readers through the challenging and complex world of forwards, futures and options. As rhe first book of its kind on Malaysian financial derivatives, the emphasis on local condition enables easier understanding. Available in physical copy only (Call Number: HG 6024 M4 B118 2012)

  • financial_derivatives_4th_edition_obiyathulla.jpg.jpg
  • Book


  • Authors: Bacha, Obiyathulla Ismath (2017)

  • This book is designed specifically for a first course in derivatives. It has been written with the beginner in mind and assumes no previous knowledge or familiarity with derivatives. Written in an informal, easy to read style, it guides readers through the challenging and complex world of forwards, futures and options. As the first book of its kind on Malaysian financial derivatives, the emphasis on local condition enables easier understanding. All financial derivatives contracts traded in Malaysia are covered, in each case, their three common applications - hedging, arbitraging and speculating - are shown by means of fully worked out examples. Extensive use of illustrations and write...

  • financial_development_islamic_finance_shadow_economy.pdf.jpg
  • Academic Presentation


  • Authors: Abdul Hamid, Baharom; Naeem Azmi, Choudhary Wajahat; Habibullah, Muzafar Shah; Din, Badariah H. (2017)

  • The slides highlight the research questions on: 1) would the presence of Islamic finance be associated with lower shadow economy; 2) are Islamic finance and the financial development complementary in reducing the shadow economy sector?

  • item.jpg
  • PhD


  • Authors: Ludeen, Abdullah (2019)

  • The first objective of this study aims to investigate the current status of financial inclusion and the second research objective aims to study the determinants of populations' refusal or inability to participate in banking system. The qualitative approach is used for the first research objective whereas quantitative technique is used to address the second objective. For the purpose of quantitative approach, primary data was collected through survey questionnaires from financially excluded population (individuals without a bank account or having only salary account) in Kabul province to answer the hypotheses outlined for this study. The data was analyzed using Structural Equation Mode...

  • financial_fiascos.pdf.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2012)

  • Financial fiascos or commonly termed as scandals refer to the various kinds of frauds, scams, swindles, breaches of trust, or other wrongdoing in the corporate sector which results in huge financial losses. The greed for wealth coupled with the opportunities in a new complex financial and banking environment and the use of modern technolgy in financial transactions have mad the financial sector more vulnerable to scandals than any other sector of the economy.

  • financial_inclusion_islamic_finance_perspective_abbas.pdf.jpg
  • Journal Article


  • Authors: Iqbal, Zamir; Mirakhor, Abbas (2012)

  • Enhancing financial inclusion or access to finance can make critical contributions to the economic development. Conventional mechanisms such as micro-finance, small-medium-enterprises (SME), and micro-insurance to enhance financial inclusion have been partially successful in enhancing the access and are not without challenges. Islamic finance, based on the concept of risk-sharing offers set of financial instruments promoting risk-sharing rather than risk-transfer in the financial system. In addition, Islam advocates redistributive risk-sharing instruments such as Zakah, Sadaqat, Qard-al-hassan, etc, through which the economically more able segment of the society shares the risks facin...

  • Financial_innovation_and_riding_the_Fintech_wave_ziyaad_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed; Shamsher Mohamad Ramadili Mohd (2016)

  • Recent success in the technology sector has witnessed the transformation of start-up companies with relatively small or no seed capital into billion-dollar companies within a very short-space of time. The application of technology in the financial sector has 'disrupted' the traditional "brick-and-mortar" style distribution channels and if not embraced would cause the current financial sector to lose a substantial (estimated between 20 to 40%) portion of their businesses to the firms using 'fintech'.

  • financial_integration_international_capital_mobility_muzafar_sarinder_baharom.pdf.jpg
  • Journal Article


  • Authors: Habibullah, Muzafar Shah; Kumari, Sarinder; Abdul Hamid, Baharom (2012)

  • This study was conducted to explore the linkages between savings and investment and to further test whether there is any evidence of relationship between financial integration and international capital mobility. The empirical model to test the capital mobility hypothesis applied here employs the panel data approach to the basic regression model used by Feldstein & Horioka (1980). The study covers ASEAN5 and ASEAN+3 (with China, Korea and Japan included). The findings of this study corroborate with other studies that savings and investment are cointegrated and this can be interpreted as a manifestation of the inter-temporal budget constraint rather than evidence of low capital mobility...

  • item.jpg
  • Journal Article


  • Authors: Baharumshah, Ahmad Zubaidi; Chan, Tze Haw; Mohammed Masih, Abul Mansur; Lau, Evan (2011)

  • In this article, we investigate the financial linkages between the East Asian economies with Japan and the United States. We test for long-run Real Interest-rate Parity (RIP) using an array of panel-data techniques, including recent techniques developed by Breuer et al. (2002) and Carrion-i-Silvestre et al. (2005). This study offers two important results: first, the failure to account for structural breaks in the industrialized countries and Asian emerging economies is likely to provide evidence of nonstationary series that are stationary. Second, we found strong evidence that the parity condition holds in all the Asian countries. The failure of earlier studies to confirm mean reversi...

  • Financial_intermediation_costs_in_a_dual_banking_system_the_role_of_Islamic_banking_Mansor.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H.; Siong, Hook Law (2019)

  • This paper empirically analyses the role of Islamic banking in financial intermediation costs as measured by net interest margins for a leading dual banking country, Malaysia. Controlling for theoretically motivated determinants of the margins, the paper compares the interest/financing margins of conventional and Islamic banks and examines the impacts of Islamic banking presence on bank margins. The analysis provides evidence of the higher margins of Islamic banks compared to those of conventional banks. Further, the difference in bank margins between the two types of banks can be attributed to differences in market power, operating costs, and diversification. Finally, Islamic banking...

  • item.jpg
  • PhD


  • Authors: Abdul Kader Malim, Nurhafiza (2015)

  • This study empirically investigates the financial intermediation costs represented by net financing margins in the Islamic banking sector in OIC countries for 2005-2011 period utilizing Generalized Method of Moments (GMM). We focus on the role of bank-specific, macroeconomic, market-specific and institutional-governance factors on the Islamic banks' margins. For comparative analysis, we assess the difference in margins and analyse whether the factors that affect margins in conventional banks affect Islamic bank differently by constructing an unmatched and matched sample ...

  • PhD_Financial_market_integration_and_its_risk_sharing_implication_Nurrul_Iiyana.pdf.jpg
  • PhD


  • Authors: Mahmud, Nurrul Iiyana (2017)

  • This study empirically investigates the financial integration threshold effects and risk sharing implication for Islamic countries from 1980 - 2011. The study utilizes threshold effect technique for the non-dynamic panel introduced by Hansen (1999). We focus on the four different types of financial market integration measures, which are (i) full financial market (ii) equities (iii) capital market and (iv) governance. We found that there is single threshold effect for equities and governance and a double threshold effect for full financial market integration and capital market ...

  • financial_market_risk_gold_investment_emerging_market_case_malaysia_mansor.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H. (2012)

  • The purpose of this paper is to examine the relation between gold return and stock market return and whether its relation changes in times of consecutive negative market returns for an emerging market, Malaysia. The paper applies the autoregressive distributed model to link gold returns to stock returns with TGARCH/EGARCH error specification using daily data from August 1, 2001 to March 31, 2010, a total of 2,261 observations. A significant positive but low correlation is found between gold and once‐lagged stock returns. Moreover, consecutive negative market returns do not seem to intensify the co‐movement between the gold and stock markets as normally documented among national stock ...

  • financial_modeling_quantum_mathematics_belal.pdf.jpg
  • Journal Article


  • Authors: Baaquie, Belal E. (2013)

  • Financial instruments have a random evolution and can be described by a stochastic process. It is shown that another approach for modeling financial instruments considered as a (classical) random system is by employing the mathematics that results from the formalism of quantum mechanics. Financial instruments are described by the elements of a linear vector state space and its evolution is determined by a Hamiltonian operator. It is further shown that interest rates can be described by a random function which is mathematically equivalent to a two dimensional Euclidean quantum field.

  • IFHubEd6_financial_performance_general_takaful_companies_mazhar.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mazhar Hallak Kantakji (2017)

  • Since its inception in 1979, the takaful industry has rapidly grown particularly in Muslim regions, namely the Middle East, North Africa and South East Asia. Presently, its double-digit growth rate continues though at a decremental rate. Quite the reverse, other components of the Islamic financial system (i.e. Islamic banking and Islamic capital market) maintain an incremental growth trend. In terms of Islamic financial assets, Islamic banking comes first in terms of both size and growth whilst takaful lags behind. Theoretically, within this system, general takaful products are complementary to the Islamic banking debt-based financing products that constitute the major share of Islami...

  • PhD_Financial_performance_profitability_and_wakalah_fees_of_general_takaful_companies_Mazhar_Hallak.pdf.jpg
  • PhD


  • Authors: Kantakji, Mazhar Hallak (2017)

  • This study identifies the internal and external factors affecting the investment performance, profitability and wakalah fees of general takaful companies operating in Saudi Arabia, Malaysia, UAE, Qatar and Pakistan using an unbalanced panel data set of consisting of 53 companies. Two investment performance measures, namely net investment income and investment yield, are utilized to capture different aspects of the takaful investment operations. Profitability is measured by the profit before tax of takaful companies ...

Browsing by Title

Jump to: 0-9 A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
or enter first few letters:  
Showing results 478 to 497 of 1488
  • 2009_oct_21_financial_and_economic_turmoil_opportunities_for_retakaful_as_a_viable_alternative_alhabshi.pdf.jpg
  • Academic Presentation


  • Authors: Alhabshi, Syed Othman (2009-10-21)

  • It is exactly a decade after the East-Asian Financial crisis of 1997-98 that the world is saddled with yet a much bigger and deeper financial and economic turmoil. The East-Asian Financial crisis was mainly due to the serious structural weaknesses of the East Asian economies where rapid economic growth for over seven years was not supported by genuine growth engine. Rather it was fuelled by rapid monetary growth, current account deficits, negative Savings-Investment gaps and short term capital inflows. The vulnerability was further enhanced by overvalued exchange rate and reduction in foreign capital inflow.

  • chapter_7_financial_and_operating_performance_of_privatised_companies_Abdeldayam_Yusuf_Zulkarnain.jpg.jpg
  • Chapter in Book


  • Authors: Abdeldayam, M.M.; Karbhari, Yusuf; Muhamad Sori, Zulkarnain (2015)

  • The term privatisation has many shades of meaning. The overall purpose of privatisation is that of transferring the provision of goods and services from the public sector to the private sector and Kay and Thompson (1986) suggest that the term covers denationalisation (the sale of state owned enterprises), deregulation (the introduction of competition) and contracting out (the provision by private sector organisations of public services). Over the past 25 years or so, all of these various forms of privatisation have developed and evolved and are now a pervasive feature of the economies of many countries. Available in physical copy only (Call Number: HF 5630 S464)

  • financial_constraint_firm_investment_malaysia_investigation_investment_cash_flow_relationship_mansor_pisal.pdf.jpg
  • Journal Article


  • Authors: Ismail, Mohd Adib; Ibrahim, Mansor H.; Yusoff, Mohammed; Zainal, Mohd-Pisal (2010)

  • This paper investigates the presence of financial constraints among firms in Malaysia using firm level panel data analysis. The empirical results based on panel GMM demonstrate that financial constraints are present in the market, which indicate that the firms are unable to access to external forms of financing. In addition, the presence also signifies the presence of asymmetric information problem between the firm and its financer. Thus, the neoclassical investment theory which based on assumption of complete information such that only factor prices and technology determine firm’s desired capital stock is simply rejected. Eventually, their investments are much affected by fluctuation...

  • PhD_financial_crimes_Shariah_perspective_Mohd_Emil.pdf.jpg
  • PhD


  • Authors: Md Noor, Mohd Emil Azril Bahari (2016)

  • This dissertation examines financial crimes from a Shari'ah perspective by looking at the specific offences of illegal deposit taking and criminal breach of trust in Malaysia. The underlying principles of criminal law in Islam is espoused to give rise to the nomenclature of financial crimes within the Shari'ah by exposing elements of criminal activities that are acted in the realm of finance. The elements of offences for Illegal Deposit Taking and Criminal Breach of Trust are examined through statutes and case laws and compared to the elements of crime available in the Shari'ah ...

  • financial_derivatives_3rd_edition_obiyathulla.jpg.jpg
  • Book


  • Authors: Bacha, Obiyathulla Ismath (2012)

  • This book is designed specifically for a first course in derivatives. It has been written with the beginner in mind and assumes no previous knowledge or familiarity with derivatives. Written in an informal, easy to read style, it guides readers through the challenging and complex world of forwards, futures and options. As rhe first book of its kind on Malaysian financial derivatives, the emphasis on local condition enables easier understanding. Available in physical copy only (Call Number: HG 6024 M4 B118 2012)

  • financial_derivatives_4th_edition_obiyathulla.jpg.jpg
  • Book


  • Authors: Bacha, Obiyathulla Ismath (2017)

  • This book is designed specifically for a first course in derivatives. It has been written with the beginner in mind and assumes no previous knowledge or familiarity with derivatives. Written in an informal, easy to read style, it guides readers through the challenging and complex world of forwards, futures and options. As the first book of its kind on Malaysian financial derivatives, the emphasis on local condition enables easier understanding. All financial derivatives contracts traded in Malaysia are covered, in each case, their three common applications - hedging, arbitraging and speculating - are shown by means of fully worked out examples. Extensive use of illustrations and write...

  • financial_development_islamic_finance_shadow_economy.pdf.jpg
  • Academic Presentation


  • Authors: Abdul Hamid, Baharom; Naeem Azmi, Choudhary Wajahat; Habibullah, Muzafar Shah; Din, Badariah H. (2017)

  • The slides highlight the research questions on: 1) would the presence of Islamic finance be associated with lower shadow economy; 2) are Islamic finance and the financial development complementary in reducing the shadow economy sector?

  • item.jpg
  • PhD


  • Authors: Ludeen, Abdullah (2019)

  • The first objective of this study aims to investigate the current status of financial inclusion and the second research objective aims to study the determinants of populations' refusal or inability to participate in banking system. The qualitative approach is used for the first research objective whereas quantitative technique is used to address the second objective. For the purpose of quantitative approach, primary data was collected through survey questionnaires from financially excluded population (individuals without a bank account or having only salary account) in Kabul province to answer the hypotheses outlined for this study. The data was analyzed using Structural Equation Mode...

  • financial_fiascos.pdf.jpg
  • Chapter in Book


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad (2012)

  • Financial fiascos or commonly termed as scandals refer to the various kinds of frauds, scams, swindles, breaches of trust, or other wrongdoing in the corporate sector which results in huge financial losses. The greed for wealth coupled with the opportunities in a new complex financial and banking environment and the use of modern technolgy in financial transactions have mad the financial sector more vulnerable to scandals than any other sector of the economy.

  • financial_inclusion_islamic_finance_perspective_abbas.pdf.jpg
  • Journal Article


  • Authors: Iqbal, Zamir; Mirakhor, Abbas (2012)

  • Enhancing financial inclusion or access to finance can make critical contributions to the economic development. Conventional mechanisms such as micro-finance, small-medium-enterprises (SME), and micro-insurance to enhance financial inclusion have been partially successful in enhancing the access and are not without challenges. Islamic finance, based on the concept of risk-sharing offers set of financial instruments promoting risk-sharing rather than risk-transfer in the financial system. In addition, Islam advocates redistributive risk-sharing instruments such as Zakah, Sadaqat, Qard-al-hassan, etc, through which the economically more able segment of the society shares the risks facin...

  • Financial_innovation_and_riding_the_Fintech_wave_ziyaad_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed; Shamsher Mohamad Ramadili Mohd (2016)

  • Recent success in the technology sector has witnessed the transformation of start-up companies with relatively small or no seed capital into billion-dollar companies within a very short-space of time. The application of technology in the financial sector has 'disrupted' the traditional "brick-and-mortar" style distribution channels and if not embraced would cause the current financial sector to lose a substantial (estimated between 20 to 40%) portion of their businesses to the firms using 'fintech'.

  • financial_integration_international_capital_mobility_muzafar_sarinder_baharom.pdf.jpg
  • Journal Article


  • Authors: Habibullah, Muzafar Shah; Kumari, Sarinder; Abdul Hamid, Baharom (2012)

  • This study was conducted to explore the linkages between savings and investment and to further test whether there is any evidence of relationship between financial integration and international capital mobility. The empirical model to test the capital mobility hypothesis applied here employs the panel data approach to the basic regression model used by Feldstein & Horioka (1980). The study covers ASEAN5 and ASEAN+3 (with China, Korea and Japan included). The findings of this study corroborate with other studies that savings and investment are cointegrated and this can be interpreted as a manifestation of the inter-temporal budget constraint rather than evidence of low capital mobility...

  • item.jpg
  • Journal Article


  • Authors: Baharumshah, Ahmad Zubaidi; Chan, Tze Haw; Mohammed Masih, Abul Mansur; Lau, Evan (2011)

  • In this article, we investigate the financial linkages between the East Asian economies with Japan and the United States. We test for long-run Real Interest-rate Parity (RIP) using an array of panel-data techniques, including recent techniques developed by Breuer et al. (2002) and Carrion-i-Silvestre et al. (2005). This study offers two important results: first, the failure to account for structural breaks in the industrialized countries and Asian emerging economies is likely to provide evidence of nonstationary series that are stationary. Second, we found strong evidence that the parity condition holds in all the Asian countries. The failure of earlier studies to confirm mean reversi...

  • Financial_intermediation_costs_in_a_dual_banking_system_the_role_of_Islamic_banking_Mansor.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H.; Siong, Hook Law (2019)

  • This paper empirically analyses the role of Islamic banking in financial intermediation costs as measured by net interest margins for a leading dual banking country, Malaysia. Controlling for theoretically motivated determinants of the margins, the paper compares the interest/financing margins of conventional and Islamic banks and examines the impacts of Islamic banking presence on bank margins. The analysis provides evidence of the higher margins of Islamic banks compared to those of conventional banks. Further, the difference in bank margins between the two types of banks can be attributed to differences in market power, operating costs, and diversification. Finally, Islamic banking...

  • item.jpg
  • PhD


  • Authors: Abdul Kader Malim, Nurhafiza (2015)

  • This study empirically investigates the financial intermediation costs represented by net financing margins in the Islamic banking sector in OIC countries for 2005-2011 period utilizing Generalized Method of Moments (GMM). We focus on the role of bank-specific, macroeconomic, market-specific and institutional-governance factors on the Islamic banks' margins. For comparative analysis, we assess the difference in margins and analyse whether the factors that affect margins in conventional banks affect Islamic bank differently by constructing an unmatched and matched sample ...

  • PhD_Financial_market_integration_and_its_risk_sharing_implication_Nurrul_Iiyana.pdf.jpg
  • PhD


  • Authors: Mahmud, Nurrul Iiyana (2017)

  • This study empirically investigates the financial integration threshold effects and risk sharing implication for Islamic countries from 1980 - 2011. The study utilizes threshold effect technique for the non-dynamic panel introduced by Hansen (1999). We focus on the four different types of financial market integration measures, which are (i) full financial market (ii) equities (iii) capital market and (iv) governance. We found that there is single threshold effect for equities and governance and a double threshold effect for full financial market integration and capital market ...

  • financial_market_risk_gold_investment_emerging_market_case_malaysia_mansor.pdf.jpg
  • Journal Article


  • Authors: Ibrahim, Mansor H. (2012)

  • The purpose of this paper is to examine the relation between gold return and stock market return and whether its relation changes in times of consecutive negative market returns for an emerging market, Malaysia. The paper applies the autoregressive distributed model to link gold returns to stock returns with TGARCH/EGARCH error specification using daily data from August 1, 2001 to March 31, 2010, a total of 2,261 observations. A significant positive but low correlation is found between gold and once‐lagged stock returns. Moreover, consecutive negative market returns do not seem to intensify the co‐movement between the gold and stock markets as normally documented among national stock ...

  • financial_modeling_quantum_mathematics_belal.pdf.jpg
  • Journal Article


  • Authors: Baaquie, Belal E. (2013)

  • Financial instruments have a random evolution and can be described by a stochastic process. It is shown that another approach for modeling financial instruments considered as a (classical) random system is by employing the mathematics that results from the formalism of quantum mechanics. Financial instruments are described by the elements of a linear vector state space and its evolution is determined by a Hamiltonian operator. It is further shown that interest rates can be described by a random function which is mathematically equivalent to a two dimensional Euclidean quantum field.

  • IFHubEd6_financial_performance_general_takaful_companies_mazhar.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mazhar Hallak Kantakji (2017)

  • Since its inception in 1979, the takaful industry has rapidly grown particularly in Muslim regions, namely the Middle East, North Africa and South East Asia. Presently, its double-digit growth rate continues though at a decremental rate. Quite the reverse, other components of the Islamic financial system (i.e. Islamic banking and Islamic capital market) maintain an incremental growth trend. In terms of Islamic financial assets, Islamic banking comes first in terms of both size and growth whilst takaful lags behind. Theoretically, within this system, general takaful products are complementary to the Islamic banking debt-based financing products that constitute the major share of Islami...

  • PhD_Financial_performance_profitability_and_wakalah_fees_of_general_takaful_companies_Mazhar_Hallak.pdf.jpg
  • PhD


  • Authors: Kantakji, Mazhar Hallak (2017)

  • This study identifies the internal and external factors affecting the investment performance, profitability and wakalah fees of general takaful companies operating in Saudi Arabia, Malaysia, UAE, Qatar and Pakistan using an unbalanced panel data set of consisting of 53 companies. Two investment performance measures, namely net investment income and investment yield, are utilized to capture different aspects of the takaful investment operations. Profitability is measured by the profit before tax of takaful companies ...