Browsing by Topic Islamic economics

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Showing results 71 to 80 of 99
  • nature_money_modern_economy_implications_consequences_stephen_robert_mabid.pdf.jpg
  • Journal Article


  • Authors: Mahmoud Al-Jarhi, Mabid Ali Mohamed (2016)

  • Reforming the contemporary monetary and financial system has come under the limelight with the onset of the last international financial crisis. Zarlenga and Poteat focus on the elimination of credit money and the return of the exclusive right of issuing money to the government as a key to reforming the system. In this comment, I argue that they are right, but reform should be wider and more comprehensive. My arguments are inspired by al-Jarhi's model of an Islamic monetary system (1981).

  • new_issues_islamic_finance_economics_progress_challenges_cover.jpg.jpg
  • Book


  • Authors: Askari, Hossein; Iqbal, Zamir; Mirakhor, Abbas (2009)

  • This book provides a review of the main issues and challenges facing Islamic finance. The application of Islamic finance is currently limited to banking. This book starts with an overview of the factors and motives behind the development of Islamic finance. A critical review of issues facing the industry is provided followed by a detailed analysis of areas where further attention is required. The book offers some original thinking on issues pertaining to governance, institutions, public finance and economic development within an Islamic financial system.

  • item.jpg
  • Master


  • Authors: Haidarah Taher, Sumaiyah Saleh (2016)

  • This paper analyses the relationship between oil price and bank performance in net oil exporting countries and non-net oil exporting countries. Using data on 74 Islamic banks consisting of 36 Islamic banks in net oil exporting countries and 38 Islamic banks in non-net oil exporting for a period of 2005-2015, we test the hypotheses of oil price direct and indirect effects on banks performance. Our results indicate that oil price has a significant negative direct and indirect effect on bank performance, through its bank-specific variables and macroeconomic variables in net oil exporting countries while, none was found in non-net oil exporting countries ...

  • item.jpg
  • Master


  • Authors: Azzi, Abdelkebir (2017)

  • Oil prices in the global market is usually found to be correlated with the economic growth of an economy. In this study, we make an attempt to investigate whether there is any significant relationship between oil prices and macroeconomic variables in the Moroccan economy. Using the Moroccan monthly data from 2007-2016 and the time series techniques such as co-integration, long run structural modelling, vector error correction, and variance decomposition, we found a significant statistical relationship existing between inflation, oil price, trade balance, interest rate, and economic growth, whereby oil price and interest rate are significant macroeconomic ... Available in physical c...

  • on_islamic_economic_abbas.pdf.jpg
  • Chapter in Book


  • Authors: Mirakhor, Abbas (2015)

  • Most people do not make a connection between the religion of Islam and the vital issues of economic and social development; andd when they do, it is often to disparage Islam as a hindrance, even a retrograde force, in the progress of Muslim societies. The attempts by Muslim social scientists and economists in the past decades to develop a coherent discipline of 'Islamic Economics' have not gone beyond the confines of the academic world, and with the limited exception of Islamic banking, have not had a serious impact on either policy planners or the general public. They have also failed, I believe, to make the case that Islam has something distinctive to offer to the resolution of the...

  • item.jpg
  • Chapter in Book


  • Authors: Mokhtar, Maznita; Abdul Kareem, Mohamed Ariff; Bacha, Obiyathulla Ismath (2020)

  • There is wide consensus that the ultimate objective of government policies is to improve the quality of people's lives. The reality, however, is that the impact of government policies tends to be measured rather in terms of GDP growth as proxy for progress. The debate about growth vs. development is not new as the distinction between these concepts was recognized since the 1970s. GDP growth has often been understood in terms of improvement in the quality of life. However, further research is indicating that inequality affects sustainable growth (Berg and Ostry 2011), which in turn reduces the ability to improve the quality of life. This is the case of many OECD nations where household...

  • PhD_Political_connections_shariah_compliance_and_firms_performance_malaysian_experience_Irum_Saba.pdf.jpg
  • PhD


  • Authors: Saba, Irum (2017)

  • Businesses and politics are two important blocks for the economic growth of any country. This dissertation focuses on the determinants of the performance of the listed firms in the case of Malaysia with the analysis and impact of political connections and Shari'ah compliance on the performance of the listed firms for the year 2000-2014. The research also focuses on the performance of firms having political affiliations and who also attain the status of Shari'ah compliance as per the rule book of the Securities and Exchange Commission of Malaysia. The results of our study shows, certain firm-specific ...

  • Political stability and growth_akther_hakim_mansur.pdf.jpg
  • Journal Article


  • Authors: Uddin, Md Akther; Ali, Md Hakim; Mohammed Masih, Abul Mansur (2017)

  • This paper studies the effect of political stability on economic growth by taking 120 developing countries over the period of 1996-2014. We apply relatively advanced dynamic two step system-GMM and quantile regression. Political stability is found to be a key determinant of economic growth. More importantly, political instability (or risk) is found to be higher in the OIC countries and is a deterrent to economic growth. Also, for the lower and middle income OIC countries, political instability appears to affect economic growth more severely perhaps due to the absence of strong economic and political institutions. Moreover, political instability is also found to be significantly higher...

  • psychographic_factors_influence_personal_bankcruptcy_malaysia_baharom.pdf.jpg
  • Journal Article


  • Authors: Eaw, Hooi Cheng; Rajagopalan, Usha; Abdul Hamid, Baharom; Khong, Kok Wei; Ahmad, Rosimah (2015)

  • Personal debts issues are common matters and happen in every country. Excessive debts have led to default payments and ended in personal bankruptcy filing. The number of personal bankruptcy cases doubles in United States from 200,000 cases to 450,000 cases from 1970 to 1980 (White, 1987). In Malaysia, personal bankruptcy filing has been increasing at an alarming rate where Bank Negara Malaysia (BNM) has announced that there are 251,209 cases as at September 2013 (The Star, 2013. In addition, recent bankruptcy record exhibits that the declared bankrupt cases are becoming more prevalent among younger generation as compared to past years records. The increase in personal bankruptcy ca...

  • 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 ...

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 71 to 80 of 99
  • nature_money_modern_economy_implications_consequences_stephen_robert_mabid.pdf.jpg
  • Journal Article


  • Authors: Mahmoud Al-Jarhi, Mabid Ali Mohamed (2016)

  • Reforming the contemporary monetary and financial system has come under the limelight with the onset of the last international financial crisis. Zarlenga and Poteat focus on the elimination of credit money and the return of the exclusive right of issuing money to the government as a key to reforming the system. In this comment, I argue that they are right, but reform should be wider and more comprehensive. My arguments are inspired by al-Jarhi's model of an Islamic monetary system (1981).

  • new_issues_islamic_finance_economics_progress_challenges_cover.jpg.jpg
  • Book


  • Authors: Askari, Hossein; Iqbal, Zamir; Mirakhor, Abbas (2009)

  • This book provides a review of the main issues and challenges facing Islamic finance. The application of Islamic finance is currently limited to banking. This book starts with an overview of the factors and motives behind the development of Islamic finance. A critical review of issues facing the industry is provided followed by a detailed analysis of areas where further attention is required. The book offers some original thinking on issues pertaining to governance, institutions, public finance and economic development within an Islamic financial system.

  • item.jpg
  • Master


  • Authors: Haidarah Taher, Sumaiyah Saleh (2016)

  • This paper analyses the relationship between oil price and bank performance in net oil exporting countries and non-net oil exporting countries. Using data on 74 Islamic banks consisting of 36 Islamic banks in net oil exporting countries and 38 Islamic banks in non-net oil exporting for a period of 2005-2015, we test the hypotheses of oil price direct and indirect effects on banks performance. Our results indicate that oil price has a significant negative direct and indirect effect on bank performance, through its bank-specific variables and macroeconomic variables in net oil exporting countries while, none was found in non-net oil exporting countries ...

  • item.jpg
  • Master


  • Authors: Azzi, Abdelkebir (2017)

  • Oil prices in the global market is usually found to be correlated with the economic growth of an economy. In this study, we make an attempt to investigate whether there is any significant relationship between oil prices and macroeconomic variables in the Moroccan economy. Using the Moroccan monthly data from 2007-2016 and the time series techniques such as co-integration, long run structural modelling, vector error correction, and variance decomposition, we found a significant statistical relationship existing between inflation, oil price, trade balance, interest rate, and economic growth, whereby oil price and interest rate are significant macroeconomic ... Available in physical c...

  • on_islamic_economic_abbas.pdf.jpg
  • Chapter in Book


  • Authors: Mirakhor, Abbas (2015)

  • Most people do not make a connection between the religion of Islam and the vital issues of economic and social development; andd when they do, it is often to disparage Islam as a hindrance, even a retrograde force, in the progress of Muslim societies. The attempts by Muslim social scientists and economists in the past decades to develop a coherent discipline of 'Islamic Economics' have not gone beyond the confines of the academic world, and with the limited exception of Islamic banking, have not had a serious impact on either policy planners or the general public. They have also failed, I believe, to make the case that Islam has something distinctive to offer to the resolution of the...

  • item.jpg
  • Chapter in Book


  • Authors: Mokhtar, Maznita; Abdul Kareem, Mohamed Ariff; Bacha, Obiyathulla Ismath (2020)

  • There is wide consensus that the ultimate objective of government policies is to improve the quality of people's lives. The reality, however, is that the impact of government policies tends to be measured rather in terms of GDP growth as proxy for progress. The debate about growth vs. development is not new as the distinction between these concepts was recognized since the 1970s. GDP growth has often been understood in terms of improvement in the quality of life. However, further research is indicating that inequality affects sustainable growth (Berg and Ostry 2011), which in turn reduces the ability to improve the quality of life. This is the case of many OECD nations where household...

  • PhD_Political_connections_shariah_compliance_and_firms_performance_malaysian_experience_Irum_Saba.pdf.jpg
  • PhD


  • Authors: Saba, Irum (2017)

  • Businesses and politics are two important blocks for the economic growth of any country. This dissertation focuses on the determinants of the performance of the listed firms in the case of Malaysia with the analysis and impact of political connections and Shari'ah compliance on the performance of the listed firms for the year 2000-2014. The research also focuses on the performance of firms having political affiliations and who also attain the status of Shari'ah compliance as per the rule book of the Securities and Exchange Commission of Malaysia. The results of our study shows, certain firm-specific ...

  • Political stability and growth_akther_hakim_mansur.pdf.jpg
  • Journal Article


  • Authors: Uddin, Md Akther; Ali, Md Hakim; Mohammed Masih, Abul Mansur (2017)

  • This paper studies the effect of political stability on economic growth by taking 120 developing countries over the period of 1996-2014. We apply relatively advanced dynamic two step system-GMM and quantile regression. Political stability is found to be a key determinant of economic growth. More importantly, political instability (or risk) is found to be higher in the OIC countries and is a deterrent to economic growth. Also, for the lower and middle income OIC countries, political instability appears to affect economic growth more severely perhaps due to the absence of strong economic and political institutions. Moreover, political instability is also found to be significantly higher...

  • psychographic_factors_influence_personal_bankcruptcy_malaysia_baharom.pdf.jpg
  • Journal Article


  • Authors: Eaw, Hooi Cheng; Rajagopalan, Usha; Abdul Hamid, Baharom; Khong, Kok Wei; Ahmad, Rosimah (2015)

  • Personal debts issues are common matters and happen in every country. Excessive debts have led to default payments and ended in personal bankruptcy filing. The number of personal bankruptcy cases doubles in United States from 200,000 cases to 450,000 cases from 1970 to 1980 (White, 1987). In Malaysia, personal bankruptcy filing has been increasing at an alarming rate where Bank Negara Malaysia (BNM) has announced that there are 251,209 cases as at September 2013 (The Star, 2013. In addition, recent bankruptcy record exhibits that the declared bankrupt cases are becoming more prevalent among younger generation as compared to past years records. The increase in personal bankruptcy ca...

  • 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 ...