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Showing results 1572 to 1591 of 1635
  • item.jpg
  • Master


  • Authors: Ali, Shah Mohammad (2016)

  • The purpose of this study was to find whether value premium exists in the context of GCC markets, and if it does, whether idiosyncratic risk explain its presence. The sample consisted of stock indices and company level stock prices from three GCC countries: Oman, Kuwait and Saudi Arabia. The economic model used CAPM and the analyses were divided into 2 parts: the first part involves testing idiosyncratic risk has impact on value premium using GARCH-M and EGARCH-M model. It was found that value premium does exist in Gulf markets with positive significant relationship between value premium and idiosyncratic risk for Oman and Kuwaiti markets ...

  • item.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed (2021)

  • The sustainability agenda has increased in prominence as climate change wreaks havoc across vulnerable areas globally. Over the last two decades, the substantial increase in weather-related events, human displacement, and loss due to conflict and contagion have nudged global leaders to drive more sustainable policies for a better world. Financial institutions, as funders of the largest contributor to climate change, the industrial complex, have also been required to adopt sustainable policies through several responsible, ethical or Environmental, Social, and Governance (ESG) frameworks such as 6 United Nations Principle for Responsible Investment (PRI), 17 United Nations Sustainable ...

  • item.jpg
  • PhD


  • Authors: Syed Aun Raza Rizvi (2014)

  • Over the past decades much effort and research has gone into establishing a viable set of Islamic financial institutions. An area of utmost importance, which still has gaping holes, is the development of instruments for government financing on a global level. Most developing countries including the bulk of Muslim nations, are heavily indebted with high reliance on multilateral financing primarily based on high interest rates. This vicious cycle of interest rates and debt have stunted the growth of these nations and worsened the conditions of the masses. This research brings to the forefront the concept of an equity in nature GDP linked paper, which allows for enhanced risk sharing bas...

  • view_practice_stock_market_reaction_sukuk_credit_rating_changes_Malaysia_zulkarnain_shamsher.pdf.jpg
  • Journal Article


  • Authors: Zulkarnain Muhamad Sori; Shamsher Mohamad Ramadili Mohd; Mahmoud Al Homsi (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 the world's sukuk and is widely recognized as a leader in the sukuk space, there is no documented evidence on the stock market reaction to sukuk credit rating changes. This study analyzed the wealth effect of sukuk credit rating changes in Malaysia using 16 sukuk upgrades and 20 sukuk downgrades for the period 2000-2014. The evidence shows negative market reaction to downgrades and positi...

  • the_wage_transition_in_developed_countries_and_its_implications_for_china_Belal_Bertrand_Qing.pdf.jpg
  • Journal Article


  • Authors: Baaquie, Belal E.; Roehner, Bertrand M.; Qing-hai, Wang (2017)

  • The expression "wage transition" refers to the fact that over the past three decades in almost all developed economies wage increases have leveled off. There has been a widening divergence and decoupling between wages on the one hand and GDP per capita on the other hand. Yet, in China wages and GDP per capita climbed in sync (at least up to now). In the first part of the paper we present comparative statistical evidence which measures the extent of the wage transition effect. In a second part we consider the reasons of this phenomenon, in particular we explain how the transfers of labor from low productivity sectors (such as agriculture) to high productivity sectors (such as manufactu...

  • waqf_accounting_management_indonesian_waqf_institutions_ihsan_ibrahim.pdf.jpg
  • Journal Article


  • Authors: Ihsan, Hidayatul; Mohamed Ibrahim, Shahul Hameed (2011)

  • Purpose – The purpose of this study is to examine accounting and management practices in two Indonesian awqaf institutions. It intends to seek evidence with regard to how mutawallis discharge their accountability. Design/methodology/approach – Two case studies were undertaken on two awqaf institutions in Indonesia, i.e. ABC and XYZ waqf foundations. Data were collected through various methods, i.e. interviews, document reviews and direct observations. Findings – The findings show that ABC shows more efficient management and greater transparency and accountability than XYZ due to the presence of Islamically committed professionals in the former, despite the better accounting informat...

  • waqf_islamic_banking_finance_missing_link_magda_2015.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2015)

  • Islam strongly endorses socio-economic and welfare-friendly practices, supporting and promoting philanthropic and charitable deeds. The concept of waqf in Shari'a is regarded as an empirical embodiment of this very preposition. Waqf derives its origin from approximately fourteen centuries back, and is known to have been first practised by the Prophet himself for public utility or social causes.

  • waqf and its role in the islamic economic system_murat.pdf.jpg
  • Chapter in Book


  • Authors: Cizakca, Murat (2009)

  • Philanthropic foundations are known in the Islamic world as waqf or habs. Whereas the latter term is used in North Africa and has also entered into the French language, the former is known, with slight variations, in the rest of the Islamic world and has entered into English. The word waqf (pl. awqaf) is derived from the Arabic root verb waqafa, which means to cause a thing to stop and stand still.

  • item.jpg
  • Industry Article


  • Authors: Nur Sakinah Nabilah Nor Saera; Noor Suhaida Kasri (2016)

  • The United Nations (UN) latest report issued in January 2016 entitled "Too Important to Fail-Addressing the Humanitarian Financing Gap" showed a huge jump in the number of people seeking humanitarian aid. At present, US$25 billion has been spent to provide life-saving assistance to 125 million people affected by natural disasters and humanitarian crises. However, the amount spent is still insufficient. There still remains an estimated funding gap of US$15 billion. The United Nations is appealing to more countries and communities to come forward to help fund the aid needed; namely food, clean water, shelter, health care, education and protection (United Nations, 2015). This article t...

  • Waqf_development_in_Malaysia_Akram_Fares.pdf.jpg
  • Chapter in Book


  • Authors: Mohamad Akram Laldin; Sharifah Zubaidah Syed Abdul-Kader; Fares Djafri (2022)

  • The practice of waqf has existed in Malaysia since the coming of Islam to the Malay Archipelago in the 9th century (CE) (Arnold, 1913). The early awqaf properties were in the form of prayer rooms (surau), mosques, cemeteries and subsequently, madrasahs (Dahlan & Kamarudin, 2006). Mahamood divides the history of waqf in Malaysia into three phases, namely, pre-colonial Malaya, colonial Malaya and postindependence Malaya (Mahamood, 2006) but notes that there has not been much research done on the pre-colonial period in order to confirm the first awqaf properties in Malaya. Based on the premise that the earliest awqaf created were in the form of mosques, the earliest official mosque is sa...

  • waqf_development_in_marawi_aishath.pdf.jpg
  • Journal Article


  • Authors: Nur Diyanah Syakirah Mohd Shukri; Siti Nuralina Ahmad Zamri; Aishath Muneeza; Hanif Ghulam (2019)

  • Since 2017, the city of Marawi was left in ruins after five months of aerial bombardments and close-quarter fighting between Islamic State of Iraq and al-Sham (ISIS) and government forces. Many buildings were destroyed; mosques and schools are no exceptions. While rebuilding efforts have begun in the city, the government has limited resources to fund city reconstruction and Waqf properties (e.g. mosques and schools) are not constitutionally considered as part of the government assets. Fortunately, the government seeks to channel funding for city reconstruction, including Islamic finance schemes. Therefore, this paper aims to assess the opportunities and challenges to rebuild Waqf prop...

  • waqf_share_schemes_and_you_magda.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2018)

  • The waqf share scheme is one of the most versatile Islamic social finance tools that have emerged in the 21st century, and has been practised in many Muslim and Muslim-minority countries, according to Dr Murat Cizakca, Professor, Comparative Economics History, Global.

  • Waqf_shares_a_fundraising_scheme_for_community_development_projects_and_humanitarian_magda.PDF.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2018)

  • The waqf-share scheme is a 21st century Islamic social finance tool that has been used successfully in Muslim and Muslim-minority countries (Cizakca, 2000). It is a fundraising scheme organized by a charitable institution that issues "waqf-shares" for sale to different contributors for various projects. Since a waqf-share is a movable waqf, it has to follow the strict conditions of waqf in terms of its irrevocability, its inalienability, and its perpetuity. This means that contributors cannot sell or transfer their waqf shares; they can only receive and hold a waqf-share certificate as evidence of theircontributions to the project if the created waqf is public waqf.

  • waqf_shares_new_product_magda.pdf.jpg
  • Chapter in Book


  • Authors: Ismail Abdel Mohsin, Magda (2014)

  • This paper highlights the practice of waqf-shares in five Muslim and Muslim minority countries for the last two decades. With the urge needs for capital to re-develop the old waqf properties in the different countries it is much recommended to introduce the concept of waqf-share as fund raising to improve and to upgrade the current situation of these properties so that they can deliver the suspected services needed in the different societies. Besides, proposing this type of waqf-share will motivate founders from all categories of people to contribute directly in re-developing the old waqf properties with the least amount of money they can afford to give and seeking the compound rew...

  • Waqfcoin_an_innovation_to_serve_humanity_magda_aishath.pdf.jpg
  • Industry Article


  • Authors: Magda Ismail Abdel Mohsin; Aishath Muneeza (2018)

  • Serving humanity must be an objective of all human beings. There are many ways in which humanity can be served. One of the most convenient ways to do this is via donation. The most critical challenge facing the donors is uncertainty in knowing whether the donation is spent on the intended purpose. The lack of transparency by trustees managing donation funds have created lack of trust among the donors when it comes to donating for humanity. The Islamic concept of Waqf in which donations are made for noble causes faces the same issue as well. This is the main reason why Waqf is declining in today's era, where finding donors is a challenge. According to reports, Singapore-based fintech f...

  • waqfintech_sustainable_socio-economic_development_magda.pdf.jpg
  • Journal Article


  • Authors: 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. The main objective of this paper is to introduce the concept of waqfcrowd and waqfcoin as a means of collecting and managing waqf in the digital age. Waqf institutions can thus take advantage of technological innovation to utilise the convenience and efficiency offered by financial technology. This is a conceptual paper which reviews the relevant literature regarding waqf and financial...

  • bail_out_success_evidence_investment-cash_flow_relationship_adib_mansor_pisal_yusoff.pdf.jpg
  • Journal article


  • Authors: Mohd Adib Ismail; Mansor H. Ibrahim; Mohd-Pisal Zainal; Mohammed Yusoff (2013)

  • The 1997-1998 Asian financial crisis affected the balance sheets of many Malaysian firms, which increased the financial constraints on such firms. To counter the impacts, the Malaysian government carried out various directed policy measures known collectively as the bail-out policy. The present paper examines the success of the policy to reduce the financial constraints. The present paper uses panel estimation methods to analyze the relationship between firms’ investments and their cash flows. The sample of study is split into two subsamples, consisting of the periods before and after the financial crisis, respectively. The success of the policy is measured based upon the easing of fi...

  • watchdogs_for_cross-border_Islamic_banking_aishath.PDF.jpg
  • Journal Article


  • Authors: Wisham, Ismail; Muneeza, Aishath (2012)

  • Islamic banking is unique and different from its conventional counterpart. This essentially means that we cannot carry out an apple to apple comparison between the two systems. Islamic banking is a system rooted in Islamic ideology. Overseeing of the whole system, thus naturally rests in the hands of those scholars who were educated in Islamic Shariah. This is the reason why several of the countries have established domestic Shariah advisory bodies, to monitor the administration of Islamic banking and the structuring of its products.

  • wavelet_analysis_of_stock_price.pdf.jpg
  • Chapter in Book


  • Authors: El Alaoui, AbdelKader Ouatik; Dewandaru, Ginanjar; Mohammed Masih, Abul Mansur; Bacha, Obiyathulla Ismath; Musa, Mustafa (2015)

  • Fund managers and investors began many years ago to take into account the Islamic component of the GCC stock markets in order to benefit from the diversification opportunities offered by the Islamic stock markets for their investments in equity markets. This can improve the return and reduce the risk associated with their investments. However, these investors are also concerned about linkage aspects of those markets in relation with the international ones regarding integration and shock transmission, in particular, during the financial crisis.

  • A wavelet approach timescale relationships among Islamic conventional stock markets LIBOR.jpg.jpg
  • Chapter in Book


  • Authors: El Alaoui, AbdelKader Ouatik; Dewandaru, Ginanjar; Bacha, Obiyathulla Ismath; Mohammed Masih, Abul Mansur (2017)

  • A series of financial crises in recent times resulted in an increase in contagion and correlations between assets making investments in conventional securities a little more unsafe. Therefore, global investors started looking for alternative assets to diversify their portfolios. One of the alternative assets that has been growing very fast over the recent period is the Islamic financial sectors which has been growing at an average rate of 15 percent to 20 percent per annum over the past decade. The risk-return profile of Islamic products, such as Islamic stocks, is expected to be different from that of conventional stocks. Available in physical copy only (Call Number: BP 173.75 H23...

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 1572 to 1591 of 1635
  • item.jpg
  • Master


  • Authors: Ali, Shah Mohammad (2016)

  • The purpose of this study was to find whether value premium exists in the context of GCC markets, and if it does, whether idiosyncratic risk explain its presence. The sample consisted of stock indices and company level stock prices from three GCC countries: Oman, Kuwait and Saudi Arabia. The economic model used CAPM and the analyses were divided into 2 parts: the first part involves testing idiosyncratic risk has impact on value premium using GARCH-M and EGARCH-M model. It was found that value premium does exist in Gulf markets with positive significant relationship between value premium and idiosyncratic risk for Oman and Kuwaiti markets ...

  • item.jpg
  • Newsletter & Bulletin


  • Authors: Ziyaad Mahomed (2021)

  • The sustainability agenda has increased in prominence as climate change wreaks havoc across vulnerable areas globally. Over the last two decades, the substantial increase in weather-related events, human displacement, and loss due to conflict and contagion have nudged global leaders to drive more sustainable policies for a better world. Financial institutions, as funders of the largest contributor to climate change, the industrial complex, have also been required to adopt sustainable policies through several responsible, ethical or Environmental, Social, and Governance (ESG) frameworks such as 6 United Nations Principle for Responsible Investment (PRI), 17 United Nations Sustainable ...

  • item.jpg
  • PhD


  • Authors: Syed Aun Raza Rizvi (2014)

  • Over the past decades much effort and research has gone into establishing a viable set of Islamic financial institutions. An area of utmost importance, which still has gaping holes, is the development of instruments for government financing on a global level. Most developing countries including the bulk of Muslim nations, are heavily indebted with high reliance on multilateral financing primarily based on high interest rates. This vicious cycle of interest rates and debt have stunted the growth of these nations and worsened the conditions of the masses. This research brings to the forefront the concept of an equity in nature GDP linked paper, which allows for enhanced risk sharing bas...

  • view_practice_stock_market_reaction_sukuk_credit_rating_changes_Malaysia_zulkarnain_shamsher.pdf.jpg
  • Journal Article


  • Authors: Zulkarnain Muhamad Sori; Shamsher Mohamad Ramadili Mohd; Mahmoud Al Homsi (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 the world's sukuk and is widely recognized as a leader in the sukuk space, there is no documented evidence on the stock market reaction to sukuk credit rating changes. This study analyzed the wealth effect of sukuk credit rating changes in Malaysia using 16 sukuk upgrades and 20 sukuk downgrades for the period 2000-2014. The evidence shows negative market reaction to downgrades and positi...

  • the_wage_transition_in_developed_countries_and_its_implications_for_china_Belal_Bertrand_Qing.pdf.jpg
  • Journal Article


  • Authors: Baaquie, Belal E.; Roehner, Bertrand M.; Qing-hai, Wang (2017)

  • The expression "wage transition" refers to the fact that over the past three decades in almost all developed economies wage increases have leveled off. There has been a widening divergence and decoupling between wages on the one hand and GDP per capita on the other hand. Yet, in China wages and GDP per capita climbed in sync (at least up to now). In the first part of the paper we present comparative statistical evidence which measures the extent of the wage transition effect. In a second part we consider the reasons of this phenomenon, in particular we explain how the transfers of labor from low productivity sectors (such as agriculture) to high productivity sectors (such as manufactu...

  • waqf_accounting_management_indonesian_waqf_institutions_ihsan_ibrahim.pdf.jpg
  • Journal Article


  • Authors: Ihsan, Hidayatul; Mohamed Ibrahim, Shahul Hameed (2011)

  • Purpose – The purpose of this study is to examine accounting and management practices in two Indonesian awqaf institutions. It intends to seek evidence with regard to how mutawallis discharge their accountability. Design/methodology/approach – Two case studies were undertaken on two awqaf institutions in Indonesia, i.e. ABC and XYZ waqf foundations. Data were collected through various methods, i.e. interviews, document reviews and direct observations. Findings – The findings show that ABC shows more efficient management and greater transparency and accountability than XYZ due to the presence of Islamically committed professionals in the former, despite the better accounting informat...

  • waqf_islamic_banking_finance_missing_link_magda_2015.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2015)

  • Islam strongly endorses socio-economic and welfare-friendly practices, supporting and promoting philanthropic and charitable deeds. The concept of waqf in Shari'a is regarded as an empirical embodiment of this very preposition. Waqf derives its origin from approximately fourteen centuries back, and is known to have been first practised by the Prophet himself for public utility or social causes.

  • waqf and its role in the islamic economic system_murat.pdf.jpg
  • Chapter in Book


  • Authors: Cizakca, Murat (2009)

  • Philanthropic foundations are known in the Islamic world as waqf or habs. Whereas the latter term is used in North Africa and has also entered into the French language, the former is known, with slight variations, in the rest of the Islamic world and has entered into English. The word waqf (pl. awqaf) is derived from the Arabic root verb waqafa, which means to cause a thing to stop and stand still.

  • item.jpg
  • Industry Article


  • Authors: Nur Sakinah Nabilah Nor Saera; Noor Suhaida Kasri (2016)

  • The United Nations (UN) latest report issued in January 2016 entitled "Too Important to Fail-Addressing the Humanitarian Financing Gap" showed a huge jump in the number of people seeking humanitarian aid. At present, US$25 billion has been spent to provide life-saving assistance to 125 million people affected by natural disasters and humanitarian crises. However, the amount spent is still insufficient. There still remains an estimated funding gap of US$15 billion. The United Nations is appealing to more countries and communities to come forward to help fund the aid needed; namely food, clean water, shelter, health care, education and protection (United Nations, 2015). This article t...

  • Waqf_development_in_Malaysia_Akram_Fares.pdf.jpg
  • Chapter in Book


  • Authors: Mohamad Akram Laldin; Sharifah Zubaidah Syed Abdul-Kader; Fares Djafri (2022)

  • The practice of waqf has existed in Malaysia since the coming of Islam to the Malay Archipelago in the 9th century (CE) (Arnold, 1913). The early awqaf properties were in the form of prayer rooms (surau), mosques, cemeteries and subsequently, madrasahs (Dahlan & Kamarudin, 2006). Mahamood divides the history of waqf in Malaysia into three phases, namely, pre-colonial Malaya, colonial Malaya and postindependence Malaya (Mahamood, 2006) but notes that there has not been much research done on the pre-colonial period in order to confirm the first awqaf properties in Malaya. Based on the premise that the earliest awqaf created were in the form of mosques, the earliest official mosque is sa...

  • waqf_development_in_marawi_aishath.pdf.jpg
  • Journal Article


  • Authors: Nur Diyanah Syakirah Mohd Shukri; Siti Nuralina Ahmad Zamri; Aishath Muneeza; Hanif Ghulam (2019)

  • Since 2017, the city of Marawi was left in ruins after five months of aerial bombardments and close-quarter fighting between Islamic State of Iraq and al-Sham (ISIS) and government forces. Many buildings were destroyed; mosques and schools are no exceptions. While rebuilding efforts have begun in the city, the government has limited resources to fund city reconstruction and Waqf properties (e.g. mosques and schools) are not constitutionally considered as part of the government assets. Fortunately, the government seeks to channel funding for city reconstruction, including Islamic finance schemes. Therefore, this paper aims to assess the opportunities and challenges to rebuild Waqf prop...

  • waqf_share_schemes_and_you_magda.pdf.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2018)

  • The waqf share scheme is one of the most versatile Islamic social finance tools that have emerged in the 21st century, and has been practised in many Muslim and Muslim-minority countries, according to Dr Murat Cizakca, Professor, Comparative Economics History, Global.

  • Waqf_shares_a_fundraising_scheme_for_community_development_projects_and_humanitarian_magda.PDF.jpg
  • Industry Article


  • Authors: Ismail Abdel Mohsin, Magda (2018)

  • The waqf-share scheme is a 21st century Islamic social finance tool that has been used successfully in Muslim and Muslim-minority countries (Cizakca, 2000). It is a fundraising scheme organized by a charitable institution that issues "waqf-shares" for sale to different contributors for various projects. Since a waqf-share is a movable waqf, it has to follow the strict conditions of waqf in terms of its irrevocability, its inalienability, and its perpetuity. This means that contributors cannot sell or transfer their waqf shares; they can only receive and hold a waqf-share certificate as evidence of theircontributions to the project if the created waqf is public waqf.

  • waqf_shares_new_product_magda.pdf.jpg
  • Chapter in Book


  • Authors: Ismail Abdel Mohsin, Magda (2014)

  • This paper highlights the practice of waqf-shares in five Muslim and Muslim minority countries for the last two decades. With the urge needs for capital to re-develop the old waqf properties in the different countries it is much recommended to introduce the concept of waqf-share as fund raising to improve and to upgrade the current situation of these properties so that they can deliver the suspected services needed in the different societies. Besides, proposing this type of waqf-share will motivate founders from all categories of people to contribute directly in re-developing the old waqf properties with the least amount of money they can afford to give and seeking the compound rew...

  • Waqfcoin_an_innovation_to_serve_humanity_magda_aishath.pdf.jpg
  • Industry Article


  • Authors: Magda Ismail Abdel Mohsin; Aishath Muneeza (2018)

  • Serving humanity must be an objective of all human beings. There are many ways in which humanity can be served. One of the most convenient ways to do this is via donation. The most critical challenge facing the donors is uncertainty in knowing whether the donation is spent on the intended purpose. The lack of transparency by trustees managing donation funds have created lack of trust among the donors when it comes to donating for humanity. The Islamic concept of Waqf in which donations are made for noble causes faces the same issue as well. This is the main reason why Waqf is declining in today's era, where finding donors is a challenge. According to reports, Singapore-based fintech f...

  • waqfintech_sustainable_socio-economic_development_magda.pdf.jpg
  • Journal Article


  • Authors: 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. The main objective of this paper is to introduce the concept of waqfcrowd and waqfcoin as a means of collecting and managing waqf in the digital age. Waqf institutions can thus take advantage of technological innovation to utilise the convenience and efficiency offered by financial technology. This is a conceptual paper which reviews the relevant literature regarding waqf and financial...

  • bail_out_success_evidence_investment-cash_flow_relationship_adib_mansor_pisal_yusoff.pdf.jpg
  • Journal article


  • Authors: Mohd Adib Ismail; Mansor H. Ibrahim; Mohd-Pisal Zainal; Mohammed Yusoff (2013)

  • The 1997-1998 Asian financial crisis affected the balance sheets of many Malaysian firms, which increased the financial constraints on such firms. To counter the impacts, the Malaysian government carried out various directed policy measures known collectively as the bail-out policy. The present paper examines the success of the policy to reduce the financial constraints. The present paper uses panel estimation methods to analyze the relationship between firms’ investments and their cash flows. The sample of study is split into two subsamples, consisting of the periods before and after the financial crisis, respectively. The success of the policy is measured based upon the easing of fi...

  • watchdogs_for_cross-border_Islamic_banking_aishath.PDF.jpg
  • Journal Article


  • Authors: Wisham, Ismail; Muneeza, Aishath (2012)

  • Islamic banking is unique and different from its conventional counterpart. This essentially means that we cannot carry out an apple to apple comparison between the two systems. Islamic banking is a system rooted in Islamic ideology. Overseeing of the whole system, thus naturally rests in the hands of those scholars who were educated in Islamic Shariah. This is the reason why several of the countries have established domestic Shariah advisory bodies, to monitor the administration of Islamic banking and the structuring of its products.

  • wavelet_analysis_of_stock_price.pdf.jpg
  • Chapter in Book


  • Authors: El Alaoui, AbdelKader Ouatik; Dewandaru, Ginanjar; Mohammed Masih, Abul Mansur; Bacha, Obiyathulla Ismath; Musa, Mustafa (2015)

  • Fund managers and investors began many years ago to take into account the Islamic component of the GCC stock markets in order to benefit from the diversification opportunities offered by the Islamic stock markets for their investments in equity markets. This can improve the return and reduce the risk associated with their investments. However, these investors are also concerned about linkage aspects of those markets in relation with the international ones regarding integration and shock transmission, in particular, during the financial crisis.

  • A wavelet approach timescale relationships among Islamic conventional stock markets LIBOR.jpg.jpg
  • Chapter in Book


  • Authors: El Alaoui, AbdelKader Ouatik; Dewandaru, Ginanjar; Bacha, Obiyathulla Ismath; Mohammed Masih, Abul Mansur (2017)

  • A series of financial crises in recent times resulted in an increase in contagion and correlations between assets making investments in conventional securities a little more unsafe. Therefore, global investors started looking for alternative assets to diversify their portfolios. One of the alternative assets that has been growing very fast over the recent period is the Islamic financial sectors which has been growing at an average rate of 15 percent to 20 percent per annum over the past decade. The risk-return profile of Islamic products, such as Islamic stocks, is expected to be different from that of conventional stocks. Available in physical copy only (Call Number: BP 173.75 H23...