Browsing by Topic Islamic finance

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Showing results 52 to 61 of 269
  • item.jpg
  • PhD


  • Authors: Hamzah, Siti Raihana (2015)

  • Economists and scholars have identified that risk shifting is the root cause of global financial crisis. Unfortunately, the danger of this debt-financing feature has been neglected. One piece of evidence is that global debt continues to grow at record level post crisis. Recognizing the relationship between risk shifting and the global financial crisis, this study encourages the need to curb this feature by defining types of securities that may induce firms to engage in risk shifting ...

  • PhD_Fair_and_equitable_risk_sharing_in_Islamic_finance_Saad_Bakkali.pdf.jpg
  • PhD


  • Authors: Bakkali, Saad (2017)

  • This dissertation begins the discussion by referring to Verse 278 of Surat al-Baqarah to distinguish it from the ribawi system. Allah swt said: "Allah has permitted al-bay' and prohibited al-riba." The findings suggest that al-bay' in this verse refers to a system. Al-bay' as a mutual exchange in which one bundle of property rights is exchanged for another allows both parties to share production and transportation. Al-bay' or exchange has surrounding rules that construct the system. The outcome of this system can claim that it is through its rules which govern just exchange, distribution ...

  • finance and development in islam_murat.pdf.jpg
  • Chapter in Book


  • Authors: Cizakca, Murat (2013)

  • Islamic finance is generally considered to be a new discioline which by implication also makes its impact on economic development a new phenomenon not yet fully understood. This way of thinking begs a huge unaswered question: if Islamic finance is, indeed, a relatively new discipline, how have Muslims managed their financial affairs from the time of the Prophet until the present?

  • financial_development_islamic_finance_shadow_economy.pdf.jpg
  • Academic Presentation


  • Authors: Abdul Hamid, Baharom; Naeem Azmi, Choudhari Wajahat; Habibullah, Muzafar Shah; Din, Badariah H. (2017)

  • The slides highlight the research questions on: 1) would the presence of Islamic finance be associated with lower shadow economy; 2) are Islamic finance and the financial development complementary in reducing the shadow economy sector?

  • financial_inclusion_islamic_finance_perspective_abbas.pdf.jpg
  • Journal Article


  • Authors: Iqbal, Zamir; Mirakhor, Abbas (2012)

  • Enhancing financial inclusion or access to finance can make critical contributions to the economic development. Conventional mechanisms such as micro-finance, small-medium-enterprises (SME), and micro-insurance to enhance financial inclusion have been partially successful in enhancing the access and are not without challenges. Islamic finance, based on the concept of risk-sharing offers set of financial instruments promoting risk-sharing rather than risk-transfer in the financial system. In addition, Islam advocates redistributive risk-sharing instruments such as Zakah, Sadaqat, Qard-al-hassan, etc, through which the economically more able segment of the society shares the risks facin...

  • Financial_innovation_and_riding_the_Fintech_wave_ziyaad_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mahomed, Ziyaad; Ramadili Mohd, Shamsher Mohamad (2016)

  • Recent success in the technology sector has witnessed the transformation of start-up companies with relatively small or no seed capital into billion-dollar companies within a very short-space of time. The application of technology in the financial sector has 'disrupted' the traditional "brick-and-mortar" style distribution channels and if not embraced would cause the current financial sector to lose a substantial (estimated between 20 to 40%) portion of their businesses to the firms using 'fintech'.

  • PhD_Financial_market_integration_and_its_risk_sharing_implication_Nurrul_Iiyana.pdf.jpg
  • PhD


  • Authors: Mahmud, Nurrul Iiyana (2017)

  • This study empirically investigates the financial integration threshold effects and risk sharing implication for Islamic countries from 1980 - 2011. The study utilizes threshold effect technique for the non-dynamic panel introduced by Hansen (1999). We focus on the four different types of financial market integration measures, which are (i) full financial market (ii) equities (iii) capital market and (iv) governance. We found that there is single threshold effect for equities and governance and a double threshold effect for full financial market integration and capital market ...

  • IF_Hub_Issue_1_Financial_rights_Aminsuhailah.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Abarahan, Amnisuhailah (2017)

  • The rights of individuals are very much important in societal living, as it is with these rights that an individual man has the authority or capacity to carry out actions within the jurisdiction already specified to him by Shariah. It is within this specific boundary of rights that a man is confined to what is rightfully to be appropriate in action, which in the meantime will not cause him to harm another individual. This means that once he transgresses his specified rights, he is therefore subject to the law by any means necessary. Financial rights, among others is another right that is important to an individual, partner, neighbour as well as to others where the situations deemed su...

  • item.jpg
  • PhD


  • Authors: Akin, Tarik (2017)

  • Wealth inequality has been a core field of research in economics in the post-Global Financial Crisis era since it is an important driver of economic/financial crises and inhibits long-term growth. Compelling evidence indicates that wealth inequality has been increasing over and above income inequality but traditional theories of inequality lack in explaining the causes of such an increase in wealth inequality. This study shows that interest-based debt contracts may be the underlying cause of wealth inequality. The study discusses that asset-based redistribution, which targets the re-distribution of wealth through re-designation of financial contracts, has pronounced advantages over an...

  • item.jpg
  • Industry Article


  • Authors: Vicary Abdullah, Daud (2017)

  • I would like to turn my attention this month to area of our business that is gaining in traction and requires considerable thought, analysis and attention. This relates primarily to technology, otherwise known as FINTECH, and how it relates to the real world and the real economy. I must confess that, as someone in their 60's, I cannot claim to have any particular expertise in this area. However, I would like to make some observations (based purely on my experience) and to promote not only a discussion but also to speed up the process of realisation.

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 52 to 61 of 269
  • item.jpg
  • PhD


  • Authors: Hamzah, Siti Raihana (2015)

  • Economists and scholars have identified that risk shifting is the root cause of global financial crisis. Unfortunately, the danger of this debt-financing feature has been neglected. One piece of evidence is that global debt continues to grow at record level post crisis. Recognizing the relationship between risk shifting and the global financial crisis, this study encourages the need to curb this feature by defining types of securities that may induce firms to engage in risk shifting ...

  • PhD_Fair_and_equitable_risk_sharing_in_Islamic_finance_Saad_Bakkali.pdf.jpg
  • PhD


  • Authors: Bakkali, Saad (2017)

  • This dissertation begins the discussion by referring to Verse 278 of Surat al-Baqarah to distinguish it from the ribawi system. Allah swt said: "Allah has permitted al-bay' and prohibited al-riba." The findings suggest that al-bay' in this verse refers to a system. Al-bay' as a mutual exchange in which one bundle of property rights is exchanged for another allows both parties to share production and transportation. Al-bay' or exchange has surrounding rules that construct the system. The outcome of this system can claim that it is through its rules which govern just exchange, distribution ...

  • finance and development in islam_murat.pdf.jpg
  • Chapter in Book


  • Authors: Cizakca, Murat (2013)

  • Islamic finance is generally considered to be a new discioline which by implication also makes its impact on economic development a new phenomenon not yet fully understood. This way of thinking begs a huge unaswered question: if Islamic finance is, indeed, a relatively new discipline, how have Muslims managed their financial affairs from the time of the Prophet until the present?

  • financial_development_islamic_finance_shadow_economy.pdf.jpg
  • Academic Presentation


  • Authors: Abdul Hamid, Baharom; Naeem Azmi, Choudhari Wajahat; Habibullah, Muzafar Shah; Din, Badariah H. (2017)

  • The slides highlight the research questions on: 1) would the presence of Islamic finance be associated with lower shadow economy; 2) are Islamic finance and the financial development complementary in reducing the shadow economy sector?

  • financial_inclusion_islamic_finance_perspective_abbas.pdf.jpg
  • Journal Article


  • Authors: Iqbal, Zamir; Mirakhor, Abbas (2012)

  • Enhancing financial inclusion or access to finance can make critical contributions to the economic development. Conventional mechanisms such as micro-finance, small-medium-enterprises (SME), and micro-insurance to enhance financial inclusion have been partially successful in enhancing the access and are not without challenges. Islamic finance, based on the concept of risk-sharing offers set of financial instruments promoting risk-sharing rather than risk-transfer in the financial system. In addition, Islam advocates redistributive risk-sharing instruments such as Zakah, Sadaqat, Qard-al-hassan, etc, through which the economically more able segment of the society shares the risks facin...

  • Financial_innovation_and_riding_the_Fintech_wave_ziyaad_shamsher.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mahomed, Ziyaad; Ramadili Mohd, Shamsher Mohamad (2016)

  • Recent success in the technology sector has witnessed the transformation of start-up companies with relatively small or no seed capital into billion-dollar companies within a very short-space of time. The application of technology in the financial sector has 'disrupted' the traditional "brick-and-mortar" style distribution channels and if not embraced would cause the current financial sector to lose a substantial (estimated between 20 to 40%) portion of their businesses to the firms using 'fintech'.

  • PhD_Financial_market_integration_and_its_risk_sharing_implication_Nurrul_Iiyana.pdf.jpg
  • PhD


  • Authors: Mahmud, Nurrul Iiyana (2017)

  • This study empirically investigates the financial integration threshold effects and risk sharing implication for Islamic countries from 1980 - 2011. The study utilizes threshold effect technique for the non-dynamic panel introduced by Hansen (1999). We focus on the four different types of financial market integration measures, which are (i) full financial market (ii) equities (iii) capital market and (iv) governance. We found that there is single threshold effect for equities and governance and a double threshold effect for full financial market integration and capital market ...

  • IF_Hub_Issue_1_Financial_rights_Aminsuhailah.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Abarahan, Amnisuhailah (2017)

  • The rights of individuals are very much important in societal living, as it is with these rights that an individual man has the authority or capacity to carry out actions within the jurisdiction already specified to him by Shariah. It is within this specific boundary of rights that a man is confined to what is rightfully to be appropriate in action, which in the meantime will not cause him to harm another individual. This means that once he transgresses his specified rights, he is therefore subject to the law by any means necessary. Financial rights, among others is another right that is important to an individual, partner, neighbour as well as to others where the situations deemed su...

  • item.jpg
  • PhD


  • Authors: Akin, Tarik (2017)

  • Wealth inequality has been a core field of research in economics in the post-Global Financial Crisis era since it is an important driver of economic/financial crises and inhibits long-term growth. Compelling evidence indicates that wealth inequality has been increasing over and above income inequality but traditional theories of inequality lack in explaining the causes of such an increase in wealth inequality. This study shows that interest-based debt contracts may be the underlying cause of wealth inequality. The study discusses that asset-based redistribution, which targets the re-distribution of wealth through re-designation of financial contracts, has pronounced advantages over an...

  • item.jpg
  • Industry Article


  • Authors: Vicary Abdullah, Daud (2017)

  • I would like to turn my attention this month to area of our business that is gaining in traction and requires considerable thought, analysis and attention. This relates primarily to technology, otherwise known as FINTECH, and how it relates to the real world and the real economy. I must confess that, as someone in their 60's, I cannot claim to have any particular expertise in this area. However, I would like to make some observations (based purely on my experience) and to promote not only a discussion but also to speed up the process of realisation.