Browsing by Topics Islamic economics

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Showing results 87 to 96 of 98
  • The_term_structure_of_interest_rates_in_Australia_mansur.pdf.jpg
  • Journal Article


  • Authors: Mohammed Masih, Abul Mansur; Ryan, Vicky (2005)

  • The term structure of interest rates in Australia, using data of different types as well as frequencies covering the period 1991(11) to 2000(9) is investigated using a relatively new modelling strategy previously untested on Australian interest rate data. Developed by Pesaran and Shin (2002 Pesaran,MH and Shin,Y. 2002. "Long-run structural modeling." Econometric Reviews, 21:49-87.), this strategy incorporates long-run structural relationships in an otherwise unrestricted vector auto regression model (VAR). The econometric tests indicate that in Australia, contrary to popular belief, long-term interest rates more often than not lead shorter-term interest rates, at least for the interes...

  • The economic role of the state in Islam.PDF.jpg
  • Chapter in Book


  • Authors: Cizakca, Murat (2014)

  • The economic role of the state in Islam is a hot topic that has interested many Islamic economists. Their general approach has been to examine the verses of the Qur'an as well as the ahadith and the sunnah of the Prophet and then deduce from these how an ideal Islamic economy should function today. This approach can be summarized as 'what the economic role of the state in Islam should be'.

  • global_financial_crisis_implications_islamic_financial_industry_smolo_mirakhor.pdf.jpg
  • Journal Article


  • Authors: Smolo, Edib; Mirakhor, Abbas (2010)

  • The purpose of this paper is to review the evolution of the global financial crisis, draw lessons from it, and analyse its effect(s) on the Islamic financial industry (IFI). Based on an extensive literature review, this paper aims to highlight, explain, and discuss the implications of the global financial crisis for IFI and suggest necessary steps for the future development of the industry. The findings show that although the crisis had limited impact on IFI the major flaws of the capitalist financial system are relevant to the development of IFI. Without learning and applying the lessons from the crisis, IFI runs a risk of committing the same mistakes. Finally, greater attention shou...

  • The_human_development_link_between_financial_development_poverty_and_income_inequality_Maizura.pdf.jpg
  • PhD


  • Authors: Maizura Md Isa (2021)

  • Poverty and income inequality are the two of the most pertinent global challenges facing the world economy today. Despite many attempts aimed at combating poverty and income inequality, the problem still persists. It takes more than monetary value to eradicate poverty and reduce income inequality, for the outcome would depend very much on the capabilities of the poorer segments of society. The world needs inclusive growth to ensure that the benefits of economic growth are equitably distributed across society. This research empirically investigates into the impact of financial development on poverty reduction and income inequality. However, the inconclusiveness of this relationship in ...

  • the ottoman government and economic life_murat.pdf.jpg
  • Chapter in Book


  • Authors: Cizakca, Murat (2013)

  • From the conquest of Constantinople (1453) to the treaty of Zitvatorok (1606), the Ottoman Empire was a world power, capable of directly challenging both the Austrian Habsburgs in central Europe and their Spanish relatives in the western Mediterranean. We will here use 1606 as our cut-off point because the end of the Long War with the Habsburgs of Vienna (1593-1606) had much greater financial and economic importance than the death of Mehmed III in 1603, which otherwise serves as a period limit for this volume.

  • the_role_of_ethics_in_economics.pdf.jpg
  • Chapter in Book


  • Authors: Alhabshi, Syed Othman (2014)

  • Quite apart from the distinct dichotomy of man's life into the secular and spiritual, conventional economics is still plagued with undue emphasis on the positive at the expense of the normative treatment of the subject. 'What is' becomes the norm, in fact, the rule rather than 'what ought'.

  • starry_heavens_above_moral_law_within_flatness_economics_abbas.pdf.jpg
  • Journal Article


  • Authors: Mirakhor, Abbas (2014)

  • Research in various fields has demonstrated the inadequacy of the Max U image of man. To the extent that the model is responsible for major problems humanity is facing today, it needs to be revised. This note argues that ideas of religions, such as human dignity, personhood, stewardship, and empathy can enrich economics. A number of ideas of Islam, such as property-right rules, risk sharing, and rule-based market behavior are mentioned.

  • yen_dollar_rate_Malaysia_US_bilateral_trade_empirical_note_mansor_ibrahim.pdf.jpg
  • Journal Article


  • Authors: Mansor H. Ibrahim (2009)

  • With much emphasis on the yen-dollar exchange rate in accounting for macroeconomic performance of a dollar-pegged country, the present paper estimates Malaysia-US bilateral trade incorporating the yen as a determinant. The presence of long-run bilateral exports and imports functions is validated via a bounds testing procedure. Estimating long-run exports and imports functions as well as their short-run dynamics using autoregressive distributed lag (ARDL) modeling, we find evidence for significant role played by yen in both the long run and the short run. Accordingly, in analyzing exports and imports performance of a dollar-pegged country, the yen-dollar exchange rate should not be ign...

  • theory_profit_islamic_perspective_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2008)

  • Islam prohibits interest but allows profit. It promotes trade as an occupation and regards profit as a bounty from God. Mainstream economics too revolves around the notion of profit. Price theory the core of economics cannot stand firm without the assumption of profit maximization. In the practical affairs of trade, industry and commerce no concept is more pivotal than profit. Yet profit has remained one of the most neglected subjects in economic theory. After Frank H. Knight's Risk Uncertainty and profit (1921) no exhaustive work on the subject appeared save contributions in the form of book chapters or journal articles. Writings on the topic in Islamic economics have been even scarc...

  • towards_understanding_structure_islamic_economic_system_solving_current_economics_financial_crisis_magda-libre.pdf.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda (2013)

  • Islam is not just a religion of worship; it is a comprehensive discipline that includes all aspect of sciences including economics. It provides many institutions that have to function in parallel in order to meet a just and a welfare society for all. The current global economics and financial crises urged economists to search for alternative institutions to solve these crises. This brings in the question of whether the Islamic economic system is capable of solving such crises or not. The main objective of this paper is to present the different Islamic institutions within the structure of the Islamic economic system, and to show their roles in handling the current economics and financi...

Browsing by Topics 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 87 to 96 of 98
  • The_term_structure_of_interest_rates_in_Australia_mansur.pdf.jpg
  • Journal Article


  • Authors: Mohammed Masih, Abul Mansur; Ryan, Vicky (2005)

  • The term structure of interest rates in Australia, using data of different types as well as frequencies covering the period 1991(11) to 2000(9) is investigated using a relatively new modelling strategy previously untested on Australian interest rate data. Developed by Pesaran and Shin (2002 Pesaran,MH and Shin,Y. 2002. "Long-run structural modeling." Econometric Reviews, 21:49-87.), this strategy incorporates long-run structural relationships in an otherwise unrestricted vector auto regression model (VAR). The econometric tests indicate that in Australia, contrary to popular belief, long-term interest rates more often than not lead shorter-term interest rates, at least for the interes...

  • The economic role of the state in Islam.PDF.jpg
  • Chapter in Book


  • Authors: Cizakca, Murat (2014)

  • The economic role of the state in Islam is a hot topic that has interested many Islamic economists. Their general approach has been to examine the verses of the Qur'an as well as the ahadith and the sunnah of the Prophet and then deduce from these how an ideal Islamic economy should function today. This approach can be summarized as 'what the economic role of the state in Islam should be'.

  • global_financial_crisis_implications_islamic_financial_industry_smolo_mirakhor.pdf.jpg
  • Journal Article


  • Authors: Smolo, Edib; Mirakhor, Abbas (2010)

  • The purpose of this paper is to review the evolution of the global financial crisis, draw lessons from it, and analyse its effect(s) on the Islamic financial industry (IFI). Based on an extensive literature review, this paper aims to highlight, explain, and discuss the implications of the global financial crisis for IFI and suggest necessary steps for the future development of the industry. The findings show that although the crisis had limited impact on IFI the major flaws of the capitalist financial system are relevant to the development of IFI. Without learning and applying the lessons from the crisis, IFI runs a risk of committing the same mistakes. Finally, greater attention shou...

  • The_human_development_link_between_financial_development_poverty_and_income_inequality_Maizura.pdf.jpg
  • PhD


  • Authors: Maizura Md Isa (2021)

  • Poverty and income inequality are the two of the most pertinent global challenges facing the world economy today. Despite many attempts aimed at combating poverty and income inequality, the problem still persists. It takes more than monetary value to eradicate poverty and reduce income inequality, for the outcome would depend very much on the capabilities of the poorer segments of society. The world needs inclusive growth to ensure that the benefits of economic growth are equitably distributed across society. This research empirically investigates into the impact of financial development on poverty reduction and income inequality. However, the inconclusiveness of this relationship in ...

  • the ottoman government and economic life_murat.pdf.jpg
  • Chapter in Book


  • Authors: Cizakca, Murat (2013)

  • From the conquest of Constantinople (1453) to the treaty of Zitvatorok (1606), the Ottoman Empire was a world power, capable of directly challenging both the Austrian Habsburgs in central Europe and their Spanish relatives in the western Mediterranean. We will here use 1606 as our cut-off point because the end of the Long War with the Habsburgs of Vienna (1593-1606) had much greater financial and economic importance than the death of Mehmed III in 1603, which otherwise serves as a period limit for this volume.

  • the_role_of_ethics_in_economics.pdf.jpg
  • Chapter in Book


  • Authors: Alhabshi, Syed Othman (2014)

  • Quite apart from the distinct dichotomy of man's life into the secular and spiritual, conventional economics is still plagued with undue emphasis on the positive at the expense of the normative treatment of the subject. 'What is' becomes the norm, in fact, the rule rather than 'what ought'.

  • starry_heavens_above_moral_law_within_flatness_economics_abbas.pdf.jpg
  • Journal Article


  • Authors: Mirakhor, Abbas (2014)

  • Research in various fields has demonstrated the inadequacy of the Max U image of man. To the extent that the model is responsible for major problems humanity is facing today, it needs to be revised. This note argues that ideas of religions, such as human dignity, personhood, stewardship, and empathy can enrich economics. A number of ideas of Islam, such as property-right rules, risk sharing, and rule-based market behavior are mentioned.

  • yen_dollar_rate_Malaysia_US_bilateral_trade_empirical_note_mansor_ibrahim.pdf.jpg
  • Journal Article


  • Authors: Mansor H. Ibrahim (2009)

  • With much emphasis on the yen-dollar exchange rate in accounting for macroeconomic performance of a dollar-pegged country, the present paper estimates Malaysia-US bilateral trade incorporating the yen as a determinant. The presence of long-run bilateral exports and imports functions is validated via a bounds testing procedure. Estimating long-run exports and imports functions as well as their short-run dynamics using autoregressive distributed lag (ARDL) modeling, we find evidence for significant role played by yen in both the long run and the short run. Accordingly, in analyzing exports and imports performance of a dollar-pegged country, the yen-dollar exchange rate should not be ign...

  • theory_profit_islamic_perspective_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2008)

  • Islam prohibits interest but allows profit. It promotes trade as an occupation and regards profit as a bounty from God. Mainstream economics too revolves around the notion of profit. Price theory the core of economics cannot stand firm without the assumption of profit maximization. In the practical affairs of trade, industry and commerce no concept is more pivotal than profit. Yet profit has remained one of the most neglected subjects in economic theory. After Frank H. Knight's Risk Uncertainty and profit (1921) no exhaustive work on the subject appeared save contributions in the form of book chapters or journal articles. Writings on the topic in Islamic economics have been even scarc...

  • towards_understanding_structure_islamic_economic_system_solving_current_economics_financial_crisis_magda-libre.pdf.jpg
  • Journal Article


  • Authors: Ismail Abdel Mohsin, Magda (2013)

  • Islam is not just a religion of worship; it is a comprehensive discipline that includes all aspect of sciences including economics. It provides many institutions that have to function in parallel in order to meet a just and a welfare society for all. The current global economics and financial crises urged economists to search for alternative institutions to solve these crises. This brings in the question of whether the Islamic economic system is capable of solving such crises or not. The main objective of this paper is to present the different Islamic institutions within the structure of the Islamic economic system, and to show their roles in handling the current economics and financi...