Browsing by Topic Islamic finance

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Showing results 56 to 65 of 269
  • 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.

  • fintech_technology_application_financial_product_ecosystem_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. From the advent of taxi-hailing apps (aka Uber, Lyft and Grabcar) to accommodation (eg. Airbnb), smartphone applications and web-based platform provide the evidence of this growing phenomena. 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 portion of their businesses (estimated between 20% to 40%) to firms using 'fintech'...

  • fostering_india_maldives_relations_islamic_finance_aishath_rusni.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath; Hasan, Rusni (2011)

  • India and Maldives have enjoyed warm and friendly affairs since Maldives became independent in 1965. Disputes between the two countries have been negligible. In November 1988, at the behest of the Maldivian government, Indian paratroopers and naval forces crushed a coup attempt by mercenaries. This was known at the time as Operation Cactus. India's action, viewed by some critics as an indication of Indian ambitions to be a regional police officer, were regarded by countries such as the United States, the Soviet Union, Britain, Nepal, and Bangladesh as legitimate assistance to a friendly government and in keeping with India's strategic role in South Asia. In the 1980s and 1990s, Indian...

  • fostering_nation_building_pisal_2012.pdf.jpg
  • Industry Article


  • Authors: Zainal, Mohd-Pisal (2012)

  • Mention any developed nation like the United States or Japan, and one thing comes to mind as the reason for their success: research. Fuelled by research in various areas, these developed nations have progressed not only materialistically but also holistically. “Research is what brings these nations to where they are. Even today with many Americans not as interested in hard sciences, the government is still focused on getting people from everywhere around the world to lead this sector to support the government initiatives,” says Dr. Mohd-Pisal Zainal, Head of Research and Publication at The Global University of Islamic Finance (INCEIF).

  • foundations_of_risk_sharing_finance.pdf.jpg
  • Chapter in Book


  • Authors: Mirakhor, Abbas (2014)

  • Before the inception of the Islamic finance industry (IFI), there was what could be called a 'market failure' in the conventional financial system: significant unmet demand for Shari'a-compliant financial products. IFI grew out of conventional finance to meet this demand. Muslim scholars writing since the 1970s emphasized that Islamic finance was about risk-sharing (or profit/loss-sharing) contracts (see Siddiqi, 1985).

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 56 to 65 of 269
  • 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.

  • fintech_technology_application_financial_product_ecosystem_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. From the advent of taxi-hailing apps (aka Uber, Lyft and Grabcar) to accommodation (eg. Airbnb), smartphone applications and web-based platform provide the evidence of this growing phenomena. 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 portion of their businesses (estimated between 20% to 40%) to firms using 'fintech'...

  • fostering_india_maldives_relations_islamic_finance_aishath_rusni.pdf.jpg
  • Journal Article


  • Authors: Muneeza, Aishath; Hasan, Rusni (2011)

  • India and Maldives have enjoyed warm and friendly affairs since Maldives became independent in 1965. Disputes between the two countries have been negligible. In November 1988, at the behest of the Maldivian government, Indian paratroopers and naval forces crushed a coup attempt by mercenaries. This was known at the time as Operation Cactus. India's action, viewed by some critics as an indication of Indian ambitions to be a regional police officer, were regarded by countries such as the United States, the Soviet Union, Britain, Nepal, and Bangladesh as legitimate assistance to a friendly government and in keeping with India's strategic role in South Asia. In the 1980s and 1990s, Indian...

  • fostering_nation_building_pisal_2012.pdf.jpg
  • Industry Article


  • Authors: Zainal, Mohd-Pisal (2012)

  • Mention any developed nation like the United States or Japan, and one thing comes to mind as the reason for their success: research. Fuelled by research in various areas, these developed nations have progressed not only materialistically but also holistically. “Research is what brings these nations to where they are. Even today with many Americans not as interested in hard sciences, the government is still focused on getting people from everywhere around the world to lead this sector to support the government initiatives,” says Dr. Mohd-Pisal Zainal, Head of Research and Publication at The Global University of Islamic Finance (INCEIF).

  • foundations_of_risk_sharing_finance.pdf.jpg
  • Chapter in Book


  • Authors: Mirakhor, Abbas (2014)

  • Before the inception of the Islamic finance industry (IFI), there was what could be called a 'market failure' in the conventional financial system: significant unmet demand for Shari'a-compliant financial products. IFI grew out of conventional finance to meet this demand. Muslim scholars writing since the 1970s emphasized that Islamic finance was about risk-sharing (or profit/loss-sharing) contracts (see Siddiqi, 1985).