Browsing by Topic Islamic economics

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Showing results 11 to 20 of 90
  • defense_spending_economic_growth_nexus_selected_OIC_countries_long-run_causality_analysis_baharom.pdf.jpg
  • Journal Article


  • Authors: Habibullah, Muzafar Shah; Mohd Tahir, Hirnissa; Abdul Hamid, Baharom (2013)

  • This paper investigates the long run Granger causality between defense spending and economic growth for 20 selected Organization of Islamic Countries (OIC) by employing the Error-Correction Model (ECM) framework using annual data for the period 1960 to 2005. defense spending (milex) is measured using the ratio of defense spending to gross domestic product (GDP); while economic growth (rgdpc) is proxy by the real GDP per capita. The results of our study indicated that one way long run Granger causality was found running from economic growth to defense spending for Burkina Faso, Indonesia, Kuwait, Saudi Arabia, Sudan, Togo and Turkey. On the other hand, one way long run Granger causalit...

  • democracy_economic_development_maqasid.pdf.jpg
  • Chapter in Book


  • Authors: Cizakca, Murat (2014)

  • The statistics shows that of the richest top 20 countries in 2003, 19 were capitalist democracies. This article, thus, attempts to assess the potential association between economic development/ capitalism and democracy. In arguing for a positive nexus between the two, it also aims to locate the historical roots of this relationship. In doing so, the paper argues that Western capitalism historically evolved from market economy and capitalism developed under Islamic civilizations, which preceded the modern nature of Western capitalism by at least six hundreds years. It also argues that fundamental principles of modern democracy can be traced back to political structure of the initial Is...

  • item.jpg
  • Master


  • Authors: Wang, Miao (2016)

  • FDI is the central topic of contemporary economics. Its role in propping up the economy has long been demonstrated, and the FDI inflow is thus competed fiercely by OIC member countries for the sake of economic development. To succeed in bringing in FDI, however, requires governments to identify and analyze the determinant factors of FDI. For this purpose, we use multilinear regression to process the data of FDI and its possible determinants variables within the OIC members from 1992 to 2010 ... Kindly email to kmc@inceif.org to access the item.

  • item.jpg
  • PhD


  • Authors: Rasul, Rosnani (2017)

  • Understanding the determinants of portfolio investment inflows is imperative in a region highly susceptible to large amount of capital inflows like ASEAN. And to formulate the right policy, intervention and upgrade, ASEAN needs to have a good grasp on these determinants before it can manage volatile capital flows and the accompanying disruptive potential. Although a number of studies focusing on the drivers of gross capital inflows into EMEs has been established, one on ASEAN's has been largerly left out. The need for studying gross inflows is simple, as its movement has direct implication on financial stability and the vulnerability of the overall financial system. Available in p...

  • PhD_Determinants_of_wellbeing_Maznita_Mokhtar.pdf.jpg
  • PhD


  • Authors: Mokhtar, Maznita (2017)

  • GDP, often the proxy to measure progress in policy implementations, does not fully reflect the wellbeing of a nation, although it may be one of the contributing factors. Applying an estimation model based on panel data of 22 sample countries, we illustrate that wellbeing in general can be improved with intrinsic growth, influenced by economic stability, demand composition and sectoral composition. Additionally, key economic and quality of life factors - such as, broader income distribution, lower housing prices, lower infant mortality, effective health expenditure, higher education attainment and broadband access - are significant to households ... Available in physical copy and do...

  • do_cost_efficiency_affects_liquidity_risk_in_banking_eskandar.pdf.jpg
  • Journal Article


  • Authors: Mohd Amin, Syajarul Imna; Ramadili Mohd, Shamsher Mohamad; Mohd Rasid, Mohamed Eskandar Shah (2017)

  • Cost efficiency plays a significant role in bank risk taking behaviour. This paper examines the effect of cost efficiency on the liquidity risk of Islamic banks and conventional banks in 16 OIC countries from 1999 to 2013. The findings suggest that cost efficiency has a positive effect on liquidity risk. Other significant factors of liquidity risk include capital, bank specialization, credit risk, profitability, size, GDP and inflation whereas market concentration is not significant contributor to banking liquidity risk. There is weak evidence to support the notion that Islamic banks have higher level of liquidity risk than conventional banks. The findings imply the need to provide li...

  • item.jpg
  • Master


  • Authors: Othman, Arshad Nuval (2015)

  • The paper explores the economic and security dependence of an entity on others as reasons for the inability to implement military intervention by applying forecast error variance decomposition (FEVD) on economic and security data. Specifically, the paper evaluates the economic and security dependence of the Organization for Islamic Cooperation (OIC) on the United Nations (UN) Security Council to understand OIC's inability to initiate military intervention in OIC member countries ... Available in physical copy only (Call Number: t HB 126.4 A781)

  • economic_development_islamic_finance_cover.jpg.jpg
  • Book


  • Authors: Iqbal, Zamir; Mirakhor, Abbas (2013)

  • Islamic finance has been practiced in some form since the inception of Islam, its practice in modern financial markets became recognized only in the 1980s, and began to represent a meaningful share of global financial activity only around the beginning of this century. In recent years, significant interest in Islamic finance has emerged in the world's leading conventional financial centers, including London, New York, and Hong Kong, and Western investors are increasingly considering investment in Islamic financial products. The organizing principle of Islamic finance in an Islamic economy is transaction based on exchange, where real asset is exchanged for real asset. By focusing on tr...

  • economic_development_middle_east_cover.jpg.jpg
  • Book


  • Authors: Wilson, Rodney (2013)

  • By examining economic development in the aftermath of the Arab Spring, this textbook introduces undergraduate and postgraduate students to the most pressing and topical economic issues in the contemporary Middle East. Although development failures contributed to the popular discontent in much of the Arab World, this comparative study also highlights development success, especially in Turkey and the Gulf.

  • economic_principles_islam_some_methodological_issues_saiful.pdf.jpg
  • Journal Article


  • Authors: Rosly, Saiful Azhar (1995)

  • This paper examines the nature of economic principles in Islam. Two types of economic principles are identified. The first type refers to the economic laws derived from revelation-based sources namely the Quran, Sunnah, Ijtihad and Ijma. The second type refers to economic lwas derived from reasoning and experience. The former is the economic system and the latter is economic theory. Both forms of economic laws are in harmony and have no basis for compartmentalization as there is no conflict between revelation and science in Islam. in theory building, it is shown that Quran based assumptions act as the linking mechanism in harmonizing revelation and science. As revelation is superior t...

Browsing by Topic Islamic economics

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 11 to 20 of 90
  • defense_spending_economic_growth_nexus_selected_OIC_countries_long-run_causality_analysis_baharom.pdf.jpg
  • Journal Article


  • Authors: Habibullah, Muzafar Shah; Mohd Tahir, Hirnissa; Abdul Hamid, Baharom (2013)

  • This paper investigates the long run Granger causality between defense spending and economic growth for 20 selected Organization of Islamic Countries (OIC) by employing the Error-Correction Model (ECM) framework using annual data for the period 1960 to 2005. defense spending (milex) is measured using the ratio of defense spending to gross domestic product (GDP); while economic growth (rgdpc) is proxy by the real GDP per capita. The results of our study indicated that one way long run Granger causality was found running from economic growth to defense spending for Burkina Faso, Indonesia, Kuwait, Saudi Arabia, Sudan, Togo and Turkey. On the other hand, one way long run Granger causalit...

  • democracy_economic_development_maqasid.pdf.jpg
  • Chapter in Book


  • Authors: Cizakca, Murat (2014)

  • The statistics shows that of the richest top 20 countries in 2003, 19 were capitalist democracies. This article, thus, attempts to assess the potential association between economic development/ capitalism and democracy. In arguing for a positive nexus between the two, it also aims to locate the historical roots of this relationship. In doing so, the paper argues that Western capitalism historically evolved from market economy and capitalism developed under Islamic civilizations, which preceded the modern nature of Western capitalism by at least six hundreds years. It also argues that fundamental principles of modern democracy can be traced back to political structure of the initial Is...

  • item.jpg
  • Master


  • Authors: Wang, Miao (2016)

  • FDI is the central topic of contemporary economics. Its role in propping up the economy has long been demonstrated, and the FDI inflow is thus competed fiercely by OIC member countries for the sake of economic development. To succeed in bringing in FDI, however, requires governments to identify and analyze the determinant factors of FDI. For this purpose, we use multilinear regression to process the data of FDI and its possible determinants variables within the OIC members from 1992 to 2010 ... Kindly email to kmc@inceif.org to access the item.

  • item.jpg
  • PhD


  • Authors: Rasul, Rosnani (2017)

  • Understanding the determinants of portfolio investment inflows is imperative in a region highly susceptible to large amount of capital inflows like ASEAN. And to formulate the right policy, intervention and upgrade, ASEAN needs to have a good grasp on these determinants before it can manage volatile capital flows and the accompanying disruptive potential. Although a number of studies focusing on the drivers of gross capital inflows into EMEs has been established, one on ASEAN's has been largerly left out. The need for studying gross inflows is simple, as its movement has direct implication on financial stability and the vulnerability of the overall financial system. Available in p...

  • PhD_Determinants_of_wellbeing_Maznita_Mokhtar.pdf.jpg
  • PhD


  • Authors: Mokhtar, Maznita (2017)

  • GDP, often the proxy to measure progress in policy implementations, does not fully reflect the wellbeing of a nation, although it may be one of the contributing factors. Applying an estimation model based on panel data of 22 sample countries, we illustrate that wellbeing in general can be improved with intrinsic growth, influenced by economic stability, demand composition and sectoral composition. Additionally, key economic and quality of life factors - such as, broader income distribution, lower housing prices, lower infant mortality, effective health expenditure, higher education attainment and broadband access - are significant to households ... Available in physical copy and do...

  • do_cost_efficiency_affects_liquidity_risk_in_banking_eskandar.pdf.jpg
  • Journal Article


  • Authors: Mohd Amin, Syajarul Imna; Ramadili Mohd, Shamsher Mohamad; Mohd Rasid, Mohamed Eskandar Shah (2017)

  • Cost efficiency plays a significant role in bank risk taking behaviour. This paper examines the effect of cost efficiency on the liquidity risk of Islamic banks and conventional banks in 16 OIC countries from 1999 to 2013. The findings suggest that cost efficiency has a positive effect on liquidity risk. Other significant factors of liquidity risk include capital, bank specialization, credit risk, profitability, size, GDP and inflation whereas market concentration is not significant contributor to banking liquidity risk. There is weak evidence to support the notion that Islamic banks have higher level of liquidity risk than conventional banks. The findings imply the need to provide li...

  • item.jpg
  • Master


  • Authors: Othman, Arshad Nuval (2015)

  • The paper explores the economic and security dependence of an entity on others as reasons for the inability to implement military intervention by applying forecast error variance decomposition (FEVD) on economic and security data. Specifically, the paper evaluates the economic and security dependence of the Organization for Islamic Cooperation (OIC) on the United Nations (UN) Security Council to understand OIC's inability to initiate military intervention in OIC member countries ... Available in physical copy only (Call Number: t HB 126.4 A781)

  • economic_development_islamic_finance_cover.jpg.jpg
  • Book


  • Authors: Iqbal, Zamir; Mirakhor, Abbas (2013)

  • Islamic finance has been practiced in some form since the inception of Islam, its practice in modern financial markets became recognized only in the 1980s, and began to represent a meaningful share of global financial activity only around the beginning of this century. In recent years, significant interest in Islamic finance has emerged in the world's leading conventional financial centers, including London, New York, and Hong Kong, and Western investors are increasingly considering investment in Islamic financial products. The organizing principle of Islamic finance in an Islamic economy is transaction based on exchange, where real asset is exchanged for real asset. By focusing on tr...

  • economic_development_middle_east_cover.jpg.jpg
  • Book


  • Authors: Wilson, Rodney (2013)

  • By examining economic development in the aftermath of the Arab Spring, this textbook introduces undergraduate and postgraduate students to the most pressing and topical economic issues in the contemporary Middle East. Although development failures contributed to the popular discontent in much of the Arab World, this comparative study also highlights development success, especially in Turkey and the Gulf.

  • economic_principles_islam_some_methodological_issues_saiful.pdf.jpg
  • Journal Article


  • Authors: Rosly, Saiful Azhar (1995)

  • This paper examines the nature of economic principles in Islam. Two types of economic principles are identified. The first type refers to the economic laws derived from revelation-based sources namely the Quran, Sunnah, Ijtihad and Ijma. The second type refers to economic lwas derived from reasoning and experience. The former is the economic system and the latter is economic theory. Both forms of economic laws are in harmony and have no basis for compartmentalization as there is no conflict between revelation and science in Islam. in theory building, it is shown that Quran based assumptions act as the linking mechanism in harmonizing revelation and science. As revelation is superior t...