Browsing by Topic Islamic capital markets

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Showing results 93 to 102 of 151
  • performance_islamic_conventional_exchange_traded_funds_malaysia_adam.pdf.jpg
  • Journal Article


  • Authors: Diaw, Abdou; Hassan, Salwana; Ng, Adam Boon Ka (2010)

  • ETFs have attracted many investors as one of the most innovative products of financial engineering. By virtue of the nascent nature of MyETF-DJIM Titan 25 and FBM 30ETF in Malaysia, comparative performance studies are essential during a financial crisis. MyETF is different from FBM 30ETF in terms of investment scope and Shariah governance structure. While MyETF has achieved its objective in tracking its index, FBM 30ETF has failed in this respect. Despite its higher total risk, MyETF performed better than its index. The same applies in the case of FBM 30ETF. Although MyETF has bigger net assets, economies of scale, and better diversification, the performances of the two funds are lack...

  • item.jpg
  • PhD


  • Authors: Diaw, Abdou (2011)

  • Current sukuk structures often fall short of adequately meeting the Shariah conscious investors' needs. The objective of this dissertations is, therefore, to address this issue by conceptualizing and operationalizing three innovative models of sukuk. The first proposed model of sukuk is based on the concept of musharakah and is meant for companies and revenue generating infrastructure projects. The model has an incentive-compatible feature by making the share of the issuing entity in the profit positively related to its performance ... Available in physical copy only (Call Number: t HG 4651 D541)

  • portfolio_diversification_benefits_islamic_investors_major_trading_partners_evidence_malaysia_mansur.pdf.jpg
  • Journal Article


  • Authors: Rahim, Adam Mohamed; Mohammed Masih, Abul Mansur (2016)

  • Previous studies have investigated the interdependence of Malaysian stock market with its major trading partners without taking into account the time-varying correlations and different investment horizons of the investors. The main objective of this paper is to make the initial attempt to study the extent to which the Malaysian Shari'ah (Islamic) investors can benefit from portfolio diversification with the Shari'ah indices of their major trading partners (China, Singapore, Japan, United States and Thailand). The relevant time-varying and timescale-dependent techniques such as, Multivariate GARCH-dynamic conditional correlation, the continuous wavelet transform and the maximal overlap...

  • 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 93 to 102 of 151
  • performance_islamic_conventional_exchange_traded_funds_malaysia_adam.pdf.jpg
  • Journal Article


  • Authors: Diaw, Abdou; Hassan, Salwana; Ng, Adam Boon Ka (2010)

  • ETFs have attracted many investors as one of the most innovative products of financial engineering. By virtue of the nascent nature of MyETF-DJIM Titan 25 and FBM 30ETF in Malaysia, comparative performance studies are essential during a financial crisis. MyETF is different from FBM 30ETF in terms of investment scope and Shariah governance structure. While MyETF has achieved its objective in tracking its index, FBM 30ETF has failed in this respect. Despite its higher total risk, MyETF performed better than its index. The same applies in the case of FBM 30ETF. Although MyETF has bigger net assets, economies of scale, and better diversification, the performances of the two funds are lack...

  • item.jpg
  • PhD


  • Authors: Diaw, Abdou (2011)

  • Current sukuk structures often fall short of adequately meeting the Shariah conscious investors' needs. The objective of this dissertations is, therefore, to address this issue by conceptualizing and operationalizing three innovative models of sukuk. The first proposed model of sukuk is based on the concept of musharakah and is meant for companies and revenue generating infrastructure projects. The model has an incentive-compatible feature by making the share of the issuing entity in the profit positively related to its performance ... Available in physical copy only (Call Number: t HG 4651 D541)

  • portfolio_diversification_benefits_islamic_investors_major_trading_partners_evidence_malaysia_mansur.pdf.jpg
  • Journal Article


  • Authors: Rahim, Adam Mohamed; Mohammed Masih, Abul Mansur (2016)

  • Previous studies have investigated the interdependence of Malaysian stock market with its major trading partners without taking into account the time-varying correlations and different investment horizons of the investors. The main objective of this paper is to make the initial attempt to study the extent to which the Malaysian Shari'ah (Islamic) investors can benefit from portfolio diversification with the Shari'ah indices of their major trading partners (China, Singapore, Japan, United States and Thailand). The relevant time-varying and timescale-dependent techniques such as, Multivariate GARCH-dynamic conditional correlation, the continuous wavelet transform and the maximal overlap...

  • 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.