Browsing by Topic Islamic finance

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 190 to 199 of 235
  • item.jpg
  • PhD


  • Authors: Mohd Hussan, Subithabhanu (2018)

  • One of the objectives of the implementation of the Islamic Financial Services Act 2013 (IFSA) is to promote greater risk-sharing in the Islamic financial industry. Accordingly, IFSA has distinguished the two major sources of funding for an Islamic banking institution, i.e. deposits and investment accounts. However, more than five years into the implementation, the Act is deemed to have failed in terms of upholding its risk-sharing values, where change could only be observed in the statutory position of investment account. This dissertation aims to motivate Islamic banks to move away from continuing risk-transfer practices, by proposing a risk-sharing investment account model (includin...

  • risk_sharing_versus_risk_transfer_islamic_finance_evaluation_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2015)

  • Some recent writings on Islamic finance have resuscitated the old ‘no risk, no gain’ precept from the earlier literature in the wake of current financial crisis. They argue that the basic reason for the recurrence of such crises is the conventional interest-based financial system that subsists purely on transferring of risks. In contrast, Islam shuns interest and promotes sharing of risks, not their transfer. The distinction is used to make a case for replacing the conventional system with the Islamic; for that alone is thought as the way to ensuring the establishment of a just and stable crisis free economic system. Islamic banks have faced the current crisis bette...

  • The_role_of_Islamic_asset_classes_in_the_diversified_portfolios_Ginanjar_Rumi_Obiya_Masih.pdf.jpg
  • Journal Article


  • Authors: Dewandaru, Ginanjar; Masih, Rumi; Bacha, Obiyathulla Ismath; Mohammed Masih, Abul Mansur (2017)

  • This study investigates both conventional and Islamic investors' problems as to whether the inclusion of Islamic and conventional asset classes may expand the frontier of their respective portfolios. Our sample covers the global U.S. portfolios and Malaysian portfolios with multiple asset classes, as well as the portfolios with a specific asset class in several regions. This study uses the recent mean variance spanning test in multiple regimes, which not only accounts for tail risk but also identifies the source of value added (tangency portfolio or global minimum variance). For intra-asset allocation, our findings tend to show that both Islamic and conventional fund managers of a spe...

  • sacralising_finance_risk-sharing_Islamic_finance_Abbas_Adam_Ginanjar_Baharom.pdf.jpg
  • Keynote & Speech


  • Authors: Mirakhor, Abbas; Ng, Adam Boon Ka; Dewandaru, Ginanjar; Abdul Hamid, Baharom (2017)

  • Finance can be thought of as an engine of transformation and intermediation that bridges gaps between financial surplus and deficit units, between now and the future and between certainty of now and uncertainty of the future. It transforms value through maturity and risk transformation. This crucial function can be considered the reason for existence of finance. It creates incentives for surplus units to postpone the certainty of their financial resources now to the uncertainty of, presumably, higher amount of these resources in the future. It also encourages the deficit units to bring the future uncertain plans forward to the more certain present. Both units take risks. In other word...

  • session_one_global_development_Islamic_finance_daud_vicary.pdf.jpg
  • Academic Presentation


  • Authors: Vicary Abdullah, Daud (2013)

  • Islamic finance as an alternative. Islamic financial sector is in a unique position to promote financial innovation and bring stability to global finance, as long as it is correctly nurtured and developed internationally.

  • SH1003_shariah rules in financial transactions.pdf.jpg
  • Book


  • Authors: Lahsasna, Ahcene (2016-09-29T05:53:48Z)

  • This aim of this book is to make understanding: the framework of products based on various Syari'ah principles and their classifications; the way Islamic banking utilities various Islamic principles in structuring Islamic banking products; various principles of sale contracts in Islamic law and how they are applied to modern Islamic banks.

  • shariah_committee_independence_insiders_view_shamser_eskandar_zulkarnain_2015.pdf.jpg
  • Industry Article


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Mohd Rasid, Mohamed Eskandar Shah (2015-03-25)

  • Shariah committee independence has been highlighted by the Shariah Governance Framework as an important credential for an effective functioning of Shariah committees. This study examined Shariah committee independence of local IFIs as perceived by the shariah committee members of the IFIs. The results identified Shariah committee independence safeguards and threats, and implied better effectiveness through clearly defined meaning of independence and guidelines or code of best practices as a guide for the committee and related parties.

  • shariah_governance_islamic_financial_institutions_wilson.pdf.jpg
  • Journal Article


  • Authors: Wilson, Rodney (2009)

  • For Islamic financial institutions to have credibility, formal procedures for Shari'ah governance are required; otherwise clients would have no assurance that the institution is upholding the principles of Islam in its financial dealings. This formal assurance can be provided by national law, as in the case of Iran, which enacted the Law on Interest-Free Banking of 1983, under which all banking operations had to be Shari'ah compliant. Malaysia passed an Islamic Banking Law the same year, but it created a dual system whereby licensed Islamic banks could compete alongside those operating conventionally. Unlike in Iran, however, Malaysia instigated a system for ongoing assurance by estab...

  • CIAWM_Issue3_shariah_and_social_responsible_in_the_US_zaheer.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Anwer, Zaheer (2017)

  • In recent years, there has been a notable increase in investor consideration for religiosity and/or ethics in investment decision making it a class of investments in its own right and an important input in portfolio selection decisions. Investment decisions are governed not only by factors including investor anticipation of future economic, geo-political trends, social changes and investment timing but also religion or belief system. The religiosity and/or ethical practices prompt investors to discard so-called 'sin stocks' and limit their investment horizons to permissible investment alternatives.

  • shariah compliant private equity finance.pdf.jpg
  • Chapter in Book


  • Authors: Wilson, Rodney (2009)

  • Private equity investment is potentially an important component of any wealth management strategy, and it is an asset class which because of its nature and potential double digit returns has enormous potential appeal to investors concerned with Shariah compliance. Islamic finance is about participation in and the sharing of risk, which corresponds very closely with the aim of private equity finance. Equity investors can of course suffer losses, but to date the record of Shariah compliant private equity compares favourably to its conventional counterpart, perhaps because less or, even in some cases, no borrowing is involved.

Browsing by Topic Islamic finance

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 190 to 199 of 235
  • item.jpg
  • PhD


  • Authors: Mohd Hussan, Subithabhanu (2018)

  • One of the objectives of the implementation of the Islamic Financial Services Act 2013 (IFSA) is to promote greater risk-sharing in the Islamic financial industry. Accordingly, IFSA has distinguished the two major sources of funding for an Islamic banking institution, i.e. deposits and investment accounts. However, more than five years into the implementation, the Act is deemed to have failed in terms of upholding its risk-sharing values, where change could only be observed in the statutory position of investment account. This dissertation aims to motivate Islamic banks to move away from continuing risk-transfer practices, by proposing a risk-sharing investment account model (includin...

  • risk_sharing_versus_risk_transfer_islamic_finance_evaluation_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2015)

  • Some recent writings on Islamic finance have resuscitated the old ‘no risk, no gain’ precept from the earlier literature in the wake of current financial crisis. They argue that the basic reason for the recurrence of such crises is the conventional interest-based financial system that subsists purely on transferring of risks. In contrast, Islam shuns interest and promotes sharing of risks, not their transfer. The distinction is used to make a case for replacing the conventional system with the Islamic; for that alone is thought as the way to ensuring the establishment of a just and stable crisis free economic system. Islamic banks have faced the current crisis bette...

  • The_role_of_Islamic_asset_classes_in_the_diversified_portfolios_Ginanjar_Rumi_Obiya_Masih.pdf.jpg
  • Journal Article


  • Authors: Dewandaru, Ginanjar; Masih, Rumi; Bacha, Obiyathulla Ismath; Mohammed Masih, Abul Mansur (2017)

  • This study investigates both conventional and Islamic investors' problems as to whether the inclusion of Islamic and conventional asset classes may expand the frontier of their respective portfolios. Our sample covers the global U.S. portfolios and Malaysian portfolios with multiple asset classes, as well as the portfolios with a specific asset class in several regions. This study uses the recent mean variance spanning test in multiple regimes, which not only accounts for tail risk but also identifies the source of value added (tangency portfolio or global minimum variance). For intra-asset allocation, our findings tend to show that both Islamic and conventional fund managers of a spe...

  • sacralising_finance_risk-sharing_Islamic_finance_Abbas_Adam_Ginanjar_Baharom.pdf.jpg
  • Keynote & Speech


  • Authors: Mirakhor, Abbas; Ng, Adam Boon Ka; Dewandaru, Ginanjar; Abdul Hamid, Baharom (2017)

  • Finance can be thought of as an engine of transformation and intermediation that bridges gaps between financial surplus and deficit units, between now and the future and between certainty of now and uncertainty of the future. It transforms value through maturity and risk transformation. This crucial function can be considered the reason for existence of finance. It creates incentives for surplus units to postpone the certainty of their financial resources now to the uncertainty of, presumably, higher amount of these resources in the future. It also encourages the deficit units to bring the future uncertain plans forward to the more certain present. Both units take risks. In other word...

  • session_one_global_development_Islamic_finance_daud_vicary.pdf.jpg
  • Academic Presentation


  • Authors: Vicary Abdullah, Daud (2013)

  • Islamic finance as an alternative. Islamic financial sector is in a unique position to promote financial innovation and bring stability to global finance, as long as it is correctly nurtured and developed internationally.

  • SH1003_shariah rules in financial transactions.pdf.jpg
  • Book


  • Authors: Lahsasna, Ahcene (2016-09-29T05:53:48Z)

  • This aim of this book is to make understanding: the framework of products based on various Syari'ah principles and their classifications; the way Islamic banking utilities various Islamic principles in structuring Islamic banking products; various principles of sale contracts in Islamic law and how they are applied to modern Islamic banks.

  • shariah_committee_independence_insiders_view_shamser_eskandar_zulkarnain_2015.pdf.jpg
  • Industry Article


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Mohd Rasid, Mohamed Eskandar Shah (2015-03-25)

  • Shariah committee independence has been highlighted by the Shariah Governance Framework as an important credential for an effective functioning of Shariah committees. This study examined Shariah committee independence of local IFIs as perceived by the shariah committee members of the IFIs. The results identified Shariah committee independence safeguards and threats, and implied better effectiveness through clearly defined meaning of independence and guidelines or code of best practices as a guide for the committee and related parties.

  • shariah_governance_islamic_financial_institutions_wilson.pdf.jpg
  • Journal Article


  • Authors: Wilson, Rodney (2009)

  • For Islamic financial institutions to have credibility, formal procedures for Shari'ah governance are required; otherwise clients would have no assurance that the institution is upholding the principles of Islam in its financial dealings. This formal assurance can be provided by national law, as in the case of Iran, which enacted the Law on Interest-Free Banking of 1983, under which all banking operations had to be Shari'ah compliant. Malaysia passed an Islamic Banking Law the same year, but it created a dual system whereby licensed Islamic banks could compete alongside those operating conventionally. Unlike in Iran, however, Malaysia instigated a system for ongoing assurance by estab...

  • CIAWM_Issue3_shariah_and_social_responsible_in_the_US_zaheer.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Anwer, Zaheer (2017)

  • In recent years, there has been a notable increase in investor consideration for religiosity and/or ethics in investment decision making it a class of investments in its own right and an important input in portfolio selection decisions. Investment decisions are governed not only by factors including investor anticipation of future economic, geo-political trends, social changes and investment timing but also religion or belief system. The religiosity and/or ethical practices prompt investors to discard so-called 'sin stocks' and limit their investment horizons to permissible investment alternatives.

  • shariah compliant private equity finance.pdf.jpg
  • Chapter in Book


  • Authors: Wilson, Rodney (2009)

  • Private equity investment is potentially an important component of any wealth management strategy, and it is an asset class which because of its nature and potential double digit returns has enormous potential appeal to investors concerned with Shariah compliance. Islamic finance is about participation in and the sharing of risk, which corresponds very closely with the aim of private equity finance. Equity investors can of course suffer losses, but to date the record of Shariah compliant private equity compares favourably to its conventional counterpart, perhaps because less or, even in some cases, no borrowing is involved.