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 1093 to 1112 of 1487
  • item.jpg
  • Journal Article


  • Authors: Sadr, Seyed Kazem (2014)

  • Qard hasan—commonly defined as an interest-free loan—is a benevolent economic behaviour, an outlet for the placement of savings, an instrument of finance and an institution for bona fide lending. Having such versatile attributes, it is distinguishable from other charitable financial activities such as waqf (endowments) and infaq (spending in the way of Allah) as well as other modes of finance used in Islamic financial institutions. The purpose of this paper is to present the alternative prospects of this Islamic instrument and to provide an explanation for each form of its application. Applying Tobin’s (1958) Portfolio Theorem, the paper explains why people extend loans to others with...

  • qard_hasan_shariah_rules_application_Islamic_finance_najeeb_ahcene.pdf.jpg
  • Journal Article


  • Authors: Najeeb, Syed Faiq; Lahsasna, Ahcene (2013)

  • This paper provides a detailed explanation about the contract of qard (loan) as approved by Shari’ ah and analyses how it is applied in the contemporary Islamic finance industry. With regard to research mentod, it examines various Islamic banking and finance products sturctured on the principle of qard contracts and discussed the possible risks of non-Shari’ ah compliance in their structuring, and how they can be addressed and resolved. The main finding is that the issue og profiting from qard hasan contracts is very sensitive and many institutions are possibly compromising on Shari’ah compliance through use of service charges and customary hibah-giving, etc. It is significant and att...

  • qardul_hasan_and_microfinancing.pdf.jpg
  • Chapter in Book


  • Authors: Sadr, Seyed Kazem; Torabi, Omid (2015)

  • Eight years have passed since 2005, the year that was labelled as that of micro finance by the United Nations to reflect the importance of financial inclusion of the poor and enforcement of policies that attain thic objective. The labelling of the microfinance year implied the recognition of the fact that conventional financial institutions have globally failed to include poor and vulnerable families for their financial services.

  • item.jpg
  • Book


  • Authors: Baaquie, Belal E. (2018)

  • An introduction to how the mathematical tools from quantum field theory can be applied to economics and finance, this book provides a wide range of quantum mathematical techniques for designing financial instruments. The ideas of Lagrangians, Hamiltonians, state spaces, operators and Feynman path integrals are demonstrated to be the mathematical underpinning of quantum field theory and are employed to formulate a comprehensive mathematical theory of asset pricing as well as of interest rates, which are validated by empirical evidence. Numerical algorithms and simulations are applied to the study of asset pricing models as well as of nonlinear interest rates. A range of economic and fi...

  • quantum_finance_path_integral_belal.pdf.jpg
  • Book


  • Authors: Baaquie, Belal E. (2004)

  • This book applies the mathematics and concepts of quantum mechanics and quantum field theory to the modelling of interest rates and the theory of options. Particular emphasis is placed on path integrals and Hamiltonians. Financial mathematics is dominated by stochastic calculus. The present book offers a formulation that is completely independent of that approach. As such many results emerge from the ideas developed by the author. This work will be of interest to physicists and mathematicians working in the field of finance, to quantitative analysts in banks and finance firms and to practitioners in the field of fixed income securities and foreign exchange.

  • item.jpg
  • Book


  • Authors: Carminati, Giuliana Galli; Baaquie, Belal E.; Carminati, Federico; Martin, Francois; Demongeot, Jacques; Teodorani, Massimo (2015)

  • At the end of the 19th century Sigmund Freud discovered that our acts and choices are not only decisions of our consciousness, but that they are also deeply determined by our unconscious (the so-called "Freudian unconscious"). During a long correspondence between them (1932-1958) Wolfgang Pauli and Carl Gustav Jung speculated that the unconscious could be a quantum system. This book is addressed both to all those interested in the new developments of the age-old enquiry in the relations between mind and matter, and also to the experts in quantum physics that are interested in a formalisation of this new approach. The description of the "Bilbao experiment" adds a very interesting exper...

  • item.jpg
  • Journal Article


  • Authors: Younes Soualhi (2008)

  • This research addresses two methodological problems that seem to hinder the development of the concept of human welfare (public interest) in Islamic jurisprudence (Shari'ah). The first problem refers to the debate on whether maqasid is a philosophy or a method. The research tries to argue that maqasid moved from philosophy to method in order to revitalize the methods of inference in Islamic jurisprudence. However, as the paper argues, the new position of maqasid as a method had little effect on the dynamicity of Islamic jurisprudence during the time of Shatibi (d.14 century A.D) onwards. The latter's legal acumen is widely accredited with propounding a full-fledged theory on maqasid. ...

  • The_rationale_adoption_Islamic_banking_muslim_minority_jurisdictions_Ariff.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mohamed Ariff Abdul Kareem (2020)

  • What differentiates Islamic banking from conventional banking is not simply the absence of interest payments. The fact that Islamic finance is interest-free does not mean that capital is costless. Unlike in the conventional system where the interest rate determines the cost of borrowed capital, which is pre-determined, the returns on funds provided by Islamic banks are not pre-determined as that would depend on the final outcomes. That said, one must hasten to add that there is much more to Islamic banking than the elimination of interest (riba) which is prohibited in Islam. Real sector connectivity and risk sharing principle represent the two important hallmarks of Islamic finance.

  • rationalizing_value_premium_emerging_markets_eskandar.pdf.jpg
  • Journal Article


  • Authors: Ebrahim, Muhammed-Shahid; Girmab, Sourafel; Mohd Rasid, Mohamed Eskandar Shah; William, Jonathan (2014)

  • We reconfirm the presence of value premium in emerging markets. Using the Brazil–Turkey–India–China (BTIC) grouping during a period of substantial economic growth and stock market development, we attribute the premium to the investment patterns of glamour firms. We conjecture based on empirical evidence that glamour firms hoard cash, which delays undertaking of growth options, especially in poor economic conditions. Whilst this helps to mitigate business risk, it lowers market valuations and drives down expected returns. Our evidence supports arguments that the value premium is explained by economic fundamentals rather than a risk factor that is common to all firms

  • re-estimation_modelling_shadow_economy_Malaysia_baharom et al.pdf.jpg
  • Journal Article


  • Authors: Habibullah, Muzafar Shah; Din, Badariah H.; Abdul Hamid, Baharom (2019)

  • The purpose of this study is to re-estimates the size of shadow economy in Malaysia and investigates the role play by the financial sector development in mitigating the size of shadow economy. Our results suggest that individual income tax burden has an impact on shadow economy in Malaysia; indicating that lower personal tax rate discourages people from participating in the shadow economy in Malaysia. On the other hand, increase in national income and government consumption also reduce shadow economy; while increase in misery increases shadow economy in Malaysia. One policy implication from this study is that the Malaysian government should embark on programs that can reduce the size ...

  • item.jpg
  • Journal Article


  • Authors: Chowdhury, Mohammad Ashraful Ferdous; Haque, Md. Mahmudul; Mohammed Masih, Abul Mansur (2017)

  • This study is the first attempt to conduct a comparative analysis of the internal and external determinants of the Islamic banks' profitability in the GCC region applying dynamic GMM, quantile regression, and wavelet coherence approaches. The dynamic GMM tends to indicate that equity financing and operating efficiency and macroeconomic variables such as money supply, and inflation are significantly related to Islamic banks' performance. The bank-specific variables such as credit risk, equity ratio, and cost-efficiency ratios are not significant at different percentiles. ROA is driven by credit risk, equity ratio, and cost-efficiency ratios (as evidenced in wavelet coherence analysis)....

  • item.jpg
  • Master


  • Authors: Hassan, Mohamad (2017)

  • Canada represents as well-developed high-income richly endowed with abundant natural resources and advanced technological infrastructure and high wages, which will allow them to attract FDI inflows to the country for years. This study makes an attempt to test the possible directions of causality between real exchange and FDI flows on the one hand and the impact of FDI inflows and real exchange rate on economic growth on the other, with specific reference to Canada for the period of 1970-2015. In this study, the time series technique has been employed, reinforced with co-integration, error correction modelling and variance decomposition including LRSM ...

  • item.jpg
  • Master


  • Authors: Hassan, Mohamed (2017)

  • The flows of foreign investment are the fundamental elements in the economic growth of countries within the globalization process of economy. Canada has a highly-developed economy, advanced technological infrastructure that will allow them to attract flows of FDI. This study makes an attempt to test the possible directions of causality between exchange rate and flows of foreign direct investment in Canada for the period of 1970 to 2015. The methods applied are the error corrections and variance decompositions techniques including LRSM. To the best of my knowledge, there has not been any study on this issue using this technique. Our findings on this study suggests that the direction of...

  • reality_check_slow_progress_digital_transformation_Islamic_social_finance_ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed (2019)

  • It is true that significant progress in poverty alleviation and social empowerment has been made over the last 30 years. For OIC member states, the percentage of the population living below the poverty line has decreased by almost half, from 41.1% in 1990 to 22.4% in 2011. However, as populations increase, the number of people suffering from hunger, malnutrition and disease remains considerable. The 'OIC - 2025 Programme of Action' stresses, in Article 1.6, that Member States must transform their approach through "effective utilization of Islamic social finance (Zakat, Waqf) at national and intra-OIC level" in order to address poverty. It is quickly forgotten that the celebrated 17 so...

  • A_reassessment_of_long-run_elasticities_of_Japanese_import_demand_mansur.pdf.jpg
  • Journal Article


  • Authors: Masih, Rumi; Mohammed Masih, Abul Mansur (2000)

  • Unlike the findings of Mah (1994) [Mah, J.S. (1994) Japanese Import Demand Behaviour: The Cointegration Approach. Journal of Policy Modeling 16:291-298] who, based on the Engle-Granger test of cointegration, fails to find evidence of a long-run relationship among variables associated with an import demand function for Japan, in this analysis the Johansen's MLE multivariate cointegration procedure reveals that such variables seem to be cointegrated, and thus share a long-run equilibrium relationship. Furthermore, the recently prescribed Stock and Watson (1993) Dynamic OLS (DOLS) procedure, which, apart from being superior to a number of alternative estimators, is robust to small sample...

  • recent_ongoing_advances_econometric_methodology_applied_research_mm.pdf.jpg
  • Journal Article


  • Authors: Mohammed Masih, Abul Mansur (2009)

  • Introduction: Conventional regression techniques and non-cointegrated VARs. The following were the major alternative approaches to modeling up until, say, 1990: 1.1 Large scale macro models that typically involve: i. distinguishing exogenous and endogenous variables; ii. imposing restrictions of shortrun dynamics to achieve identification; iii. estimation usually by OLS or IV and are used for simulations. Examples are Fed Reserve Bank Model, Reserve Bank of Australia Model, Chris Murphy Model of Australian economy, London Business School Model, Fair Model of the US economy. 1.2 NonCointegrated VAR Models: Unrestricted, Bayesian and Structural VAR forms: i. Unrestricted VAR is freq...

  • recent_Islamic_finance_developments_Maldives_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2016)

  • Maldives Islamic Bank marks five-year presence in Maldives. Maldives Islamic Bank (MIB) celebrated its fifth anniversary on the evening of the 18th March 2016 at Hotel Jen Maldives. The guest of honor at the event was Khalid Aboodi, CEO of the Islamic Corporation for the Development of the Private Sector, who thanked the government of Maldives for its efforts to establish and facilitate the growth of an Islamic bank in Maldives.

  • reconciling_dual_banking_system_application.PDF.jpg
  • Journal Article


  • Authors: Hassan, Rusni; Muneeza, Aishath; Wisham, Ismail (2011)

  • The Islamic financial system in Malaysia has emerged as a viable and vibrant component of the overall financial system. Nevertheless, salam based Islamic Banking products are anything but popular in the context of the Malaysian banking industry, despite boasting more than 40 Islamic financial products available, ranging from retail based products to project financing. This is partially due to the misconstructions over the viability of salam contracts. These misconceptions largely discount the social value for such contracts overlooking the fact that salam based contracts bridge the gap between the financers and recipients fostering platforms for substantial economic trust, providing f...

  • item.jpg
  • Master


  • Authors: Azganin, Hassan (2018)

  • Cash waqf has the potential to alleviate social issues and to enable awqaf organizations developing idle waqf properties and hence eliminating such problem. This can be achieved if the financial technologies solutions are embedded in waqf system. Thus, awqaf properties are facing several challenges when it comes to fundraising and transparency that we aim to resolve to efficiently ease its implementation. The main purpose of this study is to explore the potential of crowdfunding and blockchain technology in solving fundraising and transparency. This study adopts a qualitative method using semi-structured interviews with five experts and academicians in fintech and Islamic finance, mor...

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 1093 to 1112 of 1487
  • item.jpg
  • Journal Article


  • Authors: Sadr, Seyed Kazem (2014)

  • Qard hasan—commonly defined as an interest-free loan—is a benevolent economic behaviour, an outlet for the placement of savings, an instrument of finance and an institution for bona fide lending. Having such versatile attributes, it is distinguishable from other charitable financial activities such as waqf (endowments) and infaq (spending in the way of Allah) as well as other modes of finance used in Islamic financial institutions. The purpose of this paper is to present the alternative prospects of this Islamic instrument and to provide an explanation for each form of its application. Applying Tobin’s (1958) Portfolio Theorem, the paper explains why people extend loans to others with...

  • qard_hasan_shariah_rules_application_Islamic_finance_najeeb_ahcene.pdf.jpg
  • Journal Article


  • Authors: Najeeb, Syed Faiq; Lahsasna, Ahcene (2013)

  • This paper provides a detailed explanation about the contract of qard (loan) as approved by Shari’ ah and analyses how it is applied in the contemporary Islamic finance industry. With regard to research mentod, it examines various Islamic banking and finance products sturctured on the principle of qard contracts and discussed the possible risks of non-Shari’ ah compliance in their structuring, and how they can be addressed and resolved. The main finding is that the issue og profiting from qard hasan contracts is very sensitive and many institutions are possibly compromising on Shari’ah compliance through use of service charges and customary hibah-giving, etc. It is significant and att...

  • qardul_hasan_and_microfinancing.pdf.jpg
  • Chapter in Book


  • Authors: Sadr, Seyed Kazem; Torabi, Omid (2015)

  • Eight years have passed since 2005, the year that was labelled as that of micro finance by the United Nations to reflect the importance of financial inclusion of the poor and enforcement of policies that attain thic objective. The labelling of the microfinance year implied the recognition of the fact that conventional financial institutions have globally failed to include poor and vulnerable families for their financial services.

  • item.jpg
  • Book


  • Authors: Baaquie, Belal E. (2018)

  • An introduction to how the mathematical tools from quantum field theory can be applied to economics and finance, this book provides a wide range of quantum mathematical techniques for designing financial instruments. The ideas of Lagrangians, Hamiltonians, state spaces, operators and Feynman path integrals are demonstrated to be the mathematical underpinning of quantum field theory and are employed to formulate a comprehensive mathematical theory of asset pricing as well as of interest rates, which are validated by empirical evidence. Numerical algorithms and simulations are applied to the study of asset pricing models as well as of nonlinear interest rates. A range of economic and fi...

  • quantum_finance_path_integral_belal.pdf.jpg
  • Book


  • Authors: Baaquie, Belal E. (2004)

  • This book applies the mathematics and concepts of quantum mechanics and quantum field theory to the modelling of interest rates and the theory of options. Particular emphasis is placed on path integrals and Hamiltonians. Financial mathematics is dominated by stochastic calculus. The present book offers a formulation that is completely independent of that approach. As such many results emerge from the ideas developed by the author. This work will be of interest to physicists and mathematicians working in the field of finance, to quantitative analysts in banks and finance firms and to practitioners in the field of fixed income securities and foreign exchange.

  • item.jpg
  • Book


  • Authors: Carminati, Giuliana Galli; Baaquie, Belal E.; Carminati, Federico; Martin, Francois; Demongeot, Jacques; Teodorani, Massimo (2015)

  • At the end of the 19th century Sigmund Freud discovered that our acts and choices are not only decisions of our consciousness, but that they are also deeply determined by our unconscious (the so-called "Freudian unconscious"). During a long correspondence between them (1932-1958) Wolfgang Pauli and Carl Gustav Jung speculated that the unconscious could be a quantum system. This book is addressed both to all those interested in the new developments of the age-old enquiry in the relations between mind and matter, and also to the experts in quantum physics that are interested in a formalisation of this new approach. The description of the "Bilbao experiment" adds a very interesting exper...

  • item.jpg
  • Journal Article


  • Authors: Younes Soualhi (2008)

  • This research addresses two methodological problems that seem to hinder the development of the concept of human welfare (public interest) in Islamic jurisprudence (Shari'ah). The first problem refers to the debate on whether maqasid is a philosophy or a method. The research tries to argue that maqasid moved from philosophy to method in order to revitalize the methods of inference in Islamic jurisprudence. However, as the paper argues, the new position of maqasid as a method had little effect on the dynamicity of Islamic jurisprudence during the time of Shatibi (d.14 century A.D) onwards. The latter's legal acumen is widely accredited with propounding a full-fledged theory on maqasid. ...

  • The_rationale_adoption_Islamic_banking_muslim_minority_jurisdictions_Ariff.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mohamed Ariff Abdul Kareem (2020)

  • What differentiates Islamic banking from conventional banking is not simply the absence of interest payments. The fact that Islamic finance is interest-free does not mean that capital is costless. Unlike in the conventional system where the interest rate determines the cost of borrowed capital, which is pre-determined, the returns on funds provided by Islamic banks are not pre-determined as that would depend on the final outcomes. That said, one must hasten to add that there is much more to Islamic banking than the elimination of interest (riba) which is prohibited in Islam. Real sector connectivity and risk sharing principle represent the two important hallmarks of Islamic finance.

  • rationalizing_value_premium_emerging_markets_eskandar.pdf.jpg
  • Journal Article


  • Authors: Ebrahim, Muhammed-Shahid; Girmab, Sourafel; Mohd Rasid, Mohamed Eskandar Shah; William, Jonathan (2014)

  • We reconfirm the presence of value premium in emerging markets. Using the Brazil–Turkey–India–China (BTIC) grouping during a period of substantial economic growth and stock market development, we attribute the premium to the investment patterns of glamour firms. We conjecture based on empirical evidence that glamour firms hoard cash, which delays undertaking of growth options, especially in poor economic conditions. Whilst this helps to mitigate business risk, it lowers market valuations and drives down expected returns. Our evidence supports arguments that the value premium is explained by economic fundamentals rather than a risk factor that is common to all firms

  • re-estimation_modelling_shadow_economy_Malaysia_baharom et al.pdf.jpg
  • Journal Article


  • Authors: Habibullah, Muzafar Shah; Din, Badariah H.; Abdul Hamid, Baharom (2019)

  • The purpose of this study is to re-estimates the size of shadow economy in Malaysia and investigates the role play by the financial sector development in mitigating the size of shadow economy. Our results suggest that individual income tax burden has an impact on shadow economy in Malaysia; indicating that lower personal tax rate discourages people from participating in the shadow economy in Malaysia. On the other hand, increase in national income and government consumption also reduce shadow economy; while increase in misery increases shadow economy in Malaysia. One policy implication from this study is that the Malaysian government should embark on programs that can reduce the size ...

  • item.jpg
  • Journal Article


  • Authors: Chowdhury, Mohammad Ashraful Ferdous; Haque, Md. Mahmudul; Mohammed Masih, Abul Mansur (2017)

  • This study is the first attempt to conduct a comparative analysis of the internal and external determinants of the Islamic banks' profitability in the GCC region applying dynamic GMM, quantile regression, and wavelet coherence approaches. The dynamic GMM tends to indicate that equity financing and operating efficiency and macroeconomic variables such as money supply, and inflation are significantly related to Islamic banks' performance. The bank-specific variables such as credit risk, equity ratio, and cost-efficiency ratios are not significant at different percentiles. ROA is driven by credit risk, equity ratio, and cost-efficiency ratios (as evidenced in wavelet coherence analysis)....

  • item.jpg
  • Master


  • Authors: Hassan, Mohamad (2017)

  • Canada represents as well-developed high-income richly endowed with abundant natural resources and advanced technological infrastructure and high wages, which will allow them to attract FDI inflows to the country for years. This study makes an attempt to test the possible directions of causality between real exchange and FDI flows on the one hand and the impact of FDI inflows and real exchange rate on economic growth on the other, with specific reference to Canada for the period of 1970-2015. In this study, the time series technique has been employed, reinforced with co-integration, error correction modelling and variance decomposition including LRSM ...

  • item.jpg
  • Master


  • Authors: Hassan, Mohamed (2017)

  • The flows of foreign investment are the fundamental elements in the economic growth of countries within the globalization process of economy. Canada has a highly-developed economy, advanced technological infrastructure that will allow them to attract flows of FDI. This study makes an attempt to test the possible directions of causality between exchange rate and flows of foreign direct investment in Canada for the period of 1970 to 2015. The methods applied are the error corrections and variance decompositions techniques including LRSM. To the best of my knowledge, there has not been any study on this issue using this technique. Our findings on this study suggests that the direction of...

  • reality_check_slow_progress_digital_transformation_Islamic_social_finance_ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed (2019)

  • It is true that significant progress in poverty alleviation and social empowerment has been made over the last 30 years. For OIC member states, the percentage of the population living below the poverty line has decreased by almost half, from 41.1% in 1990 to 22.4% in 2011. However, as populations increase, the number of people suffering from hunger, malnutrition and disease remains considerable. The 'OIC - 2025 Programme of Action' stresses, in Article 1.6, that Member States must transform their approach through "effective utilization of Islamic social finance (Zakat, Waqf) at national and intra-OIC level" in order to address poverty. It is quickly forgotten that the celebrated 17 so...

  • A_reassessment_of_long-run_elasticities_of_Japanese_import_demand_mansur.pdf.jpg
  • Journal Article


  • Authors: Masih, Rumi; Mohammed Masih, Abul Mansur (2000)

  • Unlike the findings of Mah (1994) [Mah, J.S. (1994) Japanese Import Demand Behaviour: The Cointegration Approach. Journal of Policy Modeling 16:291-298] who, based on the Engle-Granger test of cointegration, fails to find evidence of a long-run relationship among variables associated with an import demand function for Japan, in this analysis the Johansen's MLE multivariate cointegration procedure reveals that such variables seem to be cointegrated, and thus share a long-run equilibrium relationship. Furthermore, the recently prescribed Stock and Watson (1993) Dynamic OLS (DOLS) procedure, which, apart from being superior to a number of alternative estimators, is robust to small sample...

  • recent_ongoing_advances_econometric_methodology_applied_research_mm.pdf.jpg
  • Journal Article


  • Authors: Mohammed Masih, Abul Mansur (2009)

  • Introduction: Conventional regression techniques and non-cointegrated VARs. The following were the major alternative approaches to modeling up until, say, 1990: 1.1 Large scale macro models that typically involve: i. distinguishing exogenous and endogenous variables; ii. imposing restrictions of shortrun dynamics to achieve identification; iii. estimation usually by OLS or IV and are used for simulations. Examples are Fed Reserve Bank Model, Reserve Bank of Australia Model, Chris Murphy Model of Australian economy, London Business School Model, Fair Model of the US economy. 1.2 NonCointegrated VAR Models: Unrestricted, Bayesian and Structural VAR forms: i. Unrestricted VAR is freq...

  • recent_Islamic_finance_developments_Maldives_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2016)

  • Maldives Islamic Bank marks five-year presence in Maldives. Maldives Islamic Bank (MIB) celebrated its fifth anniversary on the evening of the 18th March 2016 at Hotel Jen Maldives. The guest of honor at the event was Khalid Aboodi, CEO of the Islamic Corporation for the Development of the Private Sector, who thanked the government of Maldives for its efforts to establish and facilitate the growth of an Islamic bank in Maldives.

  • reconciling_dual_banking_system_application.PDF.jpg
  • Journal Article


  • Authors: Hassan, Rusni; Muneeza, Aishath; Wisham, Ismail (2011)

  • The Islamic financial system in Malaysia has emerged as a viable and vibrant component of the overall financial system. Nevertheless, salam based Islamic Banking products are anything but popular in the context of the Malaysian banking industry, despite boasting more than 40 Islamic financial products available, ranging from retail based products to project financing. This is partially due to the misconstructions over the viability of salam contracts. These misconceptions largely discount the social value for such contracts overlooking the fact that salam based contracts bridge the gap between the financers and recipients fostering platforms for substantial economic trust, providing f...

  • item.jpg
  • Master


  • Authors: Azganin, Hassan (2018)

  • Cash waqf has the potential to alleviate social issues and to enable awqaf organizations developing idle waqf properties and hence eliminating such problem. This can be achieved if the financial technologies solutions are embedded in waqf system. Thus, awqaf properties are facing several challenges when it comes to fundraising and transparency that we aim to resolve to efficiently ease its implementation. The main purpose of this study is to explore the potential of crowdfunding and blockchain technology in solving fundraising and transparency. This study adopts a qualitative method using semi-structured interviews with five experts and academicians in fintech and Islamic finance, mor...