Browsing by Topic Islamic capital markets

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Showing results 111 to 120 of 175
  • item.jpg
  • Master


  • Authors: Guedira, Souhaila (2019)

  • This study is an initial attempt investigating the extent to which portfolio diversification benefits are available at different investment horizons to Turkish conventional and Shari'ah compliant investors in Southeast Asian conventional and Islamic stock markets. We apply multivariate-generalized autoregressive conditional heteroscedastic (MGARCH-DCC) and Wavelet techniques on daily data spanning from 2007 to 2018. The findings tend to suggest that Turkish investors would likely not invest in Singapore stock markets. At the same time, investing in stock indices of Indonesia and Thailand present moderate diversification benefits overall. The results highly recommend that Turkish conve...

  • post-default_sukuk_restructuring_appraisal_Shariah issues_aishath et al.pdf.jpg
  • Chapter in Book


  • Authors: Ahmad, Abu Umar Faruq; Muneeza, Aishath; Farooq, Mohammad Omar; Hasan, Rashedul (2019)

  • Sukuk restructuring primarily aims at offering a debtor more latitude, in form and time, to settle his obligations. To meet Shari'ah requirements of transferring assets to Sukuk holders in asset-based Sukuk, the originator usually transfers the beneficial ownership to the issuer special purpose vehicles (SPV). However, in asset-backed Sukuk, the originator sells the underlying asset to an SPV and Sukuk holders do not have recourse to the originator in the event of defaults. Among some key unresolved Shari'ah issues in this regard is whether a change of contract necessitates entering a new contract. Other related issues that conflict with the tenets of Shari'ah are: (1) Sukuk structuri...

  • the_pricing_of_maldives_islamic_bank_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • In a news conference held by Maldives Islamic Bank (MIB) on the 30th June 2019, it was announced that MIB is going public and its IPO will begin on the 28th July 2019 and close on the 18th September 2019. The price per share will be MVR35 (US$2.21). The main aim of this IPO, according to the new managing director of MIB, is to increase the participation of locals (Maldivians) in the ownership of MIB. The total targeted amount to be raised via the IPO is MVR244 million (US$15.41 million). MIB is selling 31% of its shares equivalent to 6.98 million shares.

  • private_equity_islamic_private_equity_qualitative_case_study_malaysian_institutional_investors_behavior_soal_2013.pdf.jpg
  • Academic Proceeding


  • Authors: Lasri, Abdeslame; Alhabshi, Syed Othman; Lahsasna, Ahcene (2013)

  • Private equity investing (PE) has experienced a rapid growth on a global scale over the past several decades and has become a significant industry. But while scholars have devoted considerable effort to studying the area of risk capital investing into businesses, research about private equity as an asset class is surprisingly scarce. The aim of this research is to provide a deeper understanding about how differences in organizational characteristics may affect institutional investors’ motives for investing in private equity including Islamic private equity, ways of working, satisfaction with investment performances, and their respective choices of investment strategies for both conven...

  • 2013_mar_5_private_equity_and_islamic_private_equity_slides_alhabshi.pdf.jpg
  • Academic Presentation


  • Authors: Lasri, Abdeslame; Alhabshi, Syed Othman; Lahsasna, Ahcene (2013-03-04)

  • Private equity including Islamic private equity gained considerable attention over the last few decades. The focus on private equity's portfolio capabilities within existing literature is very limited. This has been one of the main motivational factors to the research on private equity's portfolio capabilities. The paper contributes towards deep understanding of differences between Islamic and conventional private equity with a focus on behavior of Malaysia investors while investing in private equity.

  • property_rights_stock_market-growth_nexus_adamng.pdf.jpg
  • Journal Article


  • Authors: Ng, Adam Boon Ka; Dewandaru, Ginanjar; Ibrahim, Mansor H. (2015)

  • Using threshold estimation techniques, this study examines whether the growth effect of stock market development differs according to the different levels of property rights and minority shareholders protection in a cross-section of 85 jurisdictions during the post-crisis period. The results demonstrate that the impact of stock market liquidity on growth is positive and significant only in jurisdictions where there is high level of property rights protection. Similar effect is discerned in the case of strong minority shareholders protection. Using the market size as a measure of stock market development, the paper also documents a positive growth effect of market size when property ri...

  • proposal_for_innovation_in_the_capital_markets.pdf.jpg
  • Chapter in Book


  • Authors: Cizakca, Murat (2014)

  • How does an Islamic state (or, for that matter, a corporation), borrow a substantial amount of capital from mostly Muslim savers or high net-worth individuals, and fast? In 1774, this was the question which the Ottoman Minister of Finance had to answer urgently. Defeated by the armies of Imperial Russia, Ottomans had to pay a huge war indemnity within a year. Moreover, since the borrowing had to be done by the government of the Caliph, it had to be Shari'a based.

  • prospects and challenges of developing sukuk.pdf.jpg
  • Chapter in Book


  • Authors: Ariff, Mohamed; Iqbal, Munawar; Ramadili Mohd, Shamsher Mohamad (2012)

  • The sukuk securities or Islamic asset-backed debt securities truly started to be offered in organized markets as publicly listed instruments only in 2000, so at the time of writing it is a 12-year-old market. There is a record of its first private issue in 1978 in Saudi Arabia, after an article in Islamic Economic Studies some years earlier had suggested this instrument to be a suitable and safe debt instrument with safeguards for investors and being consistent with ethics long since forgotten in issuing debt instruments in past Islamic empires.

  • public_finance_and_islamic_capital_markets_syed aun_obiyathulla_abbas.jpg.jpg
  • Book


  • Authors: Rizvi, Syed Aun Raza; Bacha, Obiyathulla Ismath; Mirakhor, Abbas (2016)

  • This book addresses the financing of government budgets with non-debt-creating flows through risk-sharing capital market instruments. It offers a comparative analysis with conventional finance to demonstrate the ability of Islamic capital market instruments to create an impetus for economic stability and growth.

Browsing by Topic Islamic capital markets

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 111 to 120 of 175
  • item.jpg
  • Master


  • Authors: Guedira, Souhaila (2019)

  • This study is an initial attempt investigating the extent to which portfolio diversification benefits are available at different investment horizons to Turkish conventional and Shari'ah compliant investors in Southeast Asian conventional and Islamic stock markets. We apply multivariate-generalized autoregressive conditional heteroscedastic (MGARCH-DCC) and Wavelet techniques on daily data spanning from 2007 to 2018. The findings tend to suggest that Turkish investors would likely not invest in Singapore stock markets. At the same time, investing in stock indices of Indonesia and Thailand present moderate diversification benefits overall. The results highly recommend that Turkish conve...

  • post-default_sukuk_restructuring_appraisal_Shariah issues_aishath et al.pdf.jpg
  • Chapter in Book


  • Authors: Ahmad, Abu Umar Faruq; Muneeza, Aishath; Farooq, Mohammad Omar; Hasan, Rashedul (2019)

  • Sukuk restructuring primarily aims at offering a debtor more latitude, in form and time, to settle his obligations. To meet Shari'ah requirements of transferring assets to Sukuk holders in asset-based Sukuk, the originator usually transfers the beneficial ownership to the issuer special purpose vehicles (SPV). However, in asset-backed Sukuk, the originator sells the underlying asset to an SPV and Sukuk holders do not have recourse to the originator in the event of defaults. Among some key unresolved Shari'ah issues in this regard is whether a change of contract necessitates entering a new contract. Other related issues that conflict with the tenets of Shari'ah are: (1) Sukuk structuri...

  • the_pricing_of_maldives_islamic_bank_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2019)

  • In a news conference held by Maldives Islamic Bank (MIB) on the 30th June 2019, it was announced that MIB is going public and its IPO will begin on the 28th July 2019 and close on the 18th September 2019. The price per share will be MVR35 (US$2.21). The main aim of this IPO, according to the new managing director of MIB, is to increase the participation of locals (Maldivians) in the ownership of MIB. The total targeted amount to be raised via the IPO is MVR244 million (US$15.41 million). MIB is selling 31% of its shares equivalent to 6.98 million shares.

  • private_equity_islamic_private_equity_qualitative_case_study_malaysian_institutional_investors_behavior_soal_2013.pdf.jpg
  • Academic Proceeding


  • Authors: Lasri, Abdeslame; Alhabshi, Syed Othman; Lahsasna, Ahcene (2013)

  • Private equity investing (PE) has experienced a rapid growth on a global scale over the past several decades and has become a significant industry. But while scholars have devoted considerable effort to studying the area of risk capital investing into businesses, research about private equity as an asset class is surprisingly scarce. The aim of this research is to provide a deeper understanding about how differences in organizational characteristics may affect institutional investors’ motives for investing in private equity including Islamic private equity, ways of working, satisfaction with investment performances, and their respective choices of investment strategies for both conven...

  • 2013_mar_5_private_equity_and_islamic_private_equity_slides_alhabshi.pdf.jpg
  • Academic Presentation


  • Authors: Lasri, Abdeslame; Alhabshi, Syed Othman; Lahsasna, Ahcene (2013-03-04)

  • Private equity including Islamic private equity gained considerable attention over the last few decades. The focus on private equity's portfolio capabilities within existing literature is very limited. This has been one of the main motivational factors to the research on private equity's portfolio capabilities. The paper contributes towards deep understanding of differences between Islamic and conventional private equity with a focus on behavior of Malaysia investors while investing in private equity.

  • property_rights_stock_market-growth_nexus_adamng.pdf.jpg
  • Journal Article


  • Authors: Ng, Adam Boon Ka; Dewandaru, Ginanjar; Ibrahim, Mansor H. (2015)

  • Using threshold estimation techniques, this study examines whether the growth effect of stock market development differs according to the different levels of property rights and minority shareholders protection in a cross-section of 85 jurisdictions during the post-crisis period. The results demonstrate that the impact of stock market liquidity on growth is positive and significant only in jurisdictions where there is high level of property rights protection. Similar effect is discerned in the case of strong minority shareholders protection. Using the market size as a measure of stock market development, the paper also documents a positive growth effect of market size when property ri...

  • proposal_for_innovation_in_the_capital_markets.pdf.jpg
  • Chapter in Book


  • Authors: Cizakca, Murat (2014)

  • How does an Islamic state (or, for that matter, a corporation), borrow a substantial amount of capital from mostly Muslim savers or high net-worth individuals, and fast? In 1774, this was the question which the Ottoman Minister of Finance had to answer urgently. Defeated by the armies of Imperial Russia, Ottomans had to pay a huge war indemnity within a year. Moreover, since the borrowing had to be done by the government of the Caliph, it had to be Shari'a based.

  • prospects and challenges of developing sukuk.pdf.jpg
  • Chapter in Book


  • Authors: Ariff, Mohamed; Iqbal, Munawar; Ramadili Mohd, Shamsher Mohamad (2012)

  • The sukuk securities or Islamic asset-backed debt securities truly started to be offered in organized markets as publicly listed instruments only in 2000, so at the time of writing it is a 12-year-old market. There is a record of its first private issue in 1978 in Saudi Arabia, after an article in Islamic Economic Studies some years earlier had suggested this instrument to be a suitable and safe debt instrument with safeguards for investors and being consistent with ethics long since forgotten in issuing debt instruments in past Islamic empires.

  • public_finance_and_islamic_capital_markets_syed aun_obiyathulla_abbas.jpg.jpg
  • Book


  • Authors: Rizvi, Syed Aun Raza; Bacha, Obiyathulla Ismath; Mirakhor, Abbas (2016)

  • This book addresses the financing of government budgets with non-debt-creating flows through risk-sharing capital market instruments. It offers a comparative analysis with conventional finance to demonstrate the ability of Islamic capital market instruments to create an impetus for economic stability and growth.