Browsing by Topic Islamic finance

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Showing results 195 to 204 of 220
  • tabung_haji_run_up_Islamic_finance.pdf.jpg
  • Chapter in Book


  • Authors: Mohd Rasid, Mohamed Eskandar Shah & Seho, Mirzet (2017)

  • Although Islam was introduced to South East Asia through traders in the 12th century and gained wide acceptance throughout the region in the 14th and 15th centruries (McDonnel, 1986; Ishak & Abdullah, 2012), the earliest hajj undertakings began only in 1849 (Baharudin, 2014). At that time, Malaysia then Malaya was a British colony. However, under the Pangkor Treaty of 1874, the British pledged that they would not interfere in the religion, customs and traditions of the Malays (Baharudin, 2014).

  • item.jpg
  • Industry Article


  • Authors: Alhabshi, Syed Othman (2014)

  • I have chosen the topic to be "The Constant behaviour of Generations of Men". I got this idea after picking up a number of latest publications in Islamic Banking and Finance that I have a chance to lay my hands pn the last few weeks. I thought I want to touch on something that would be most current in the literature. What I finally got was the impression that men never change in their behaviour and pursuit of life, hence the title. I believe you will agree with me at the end of this half article that I am not far from the truth.

  • equity_premium_puzzle_ambiguity_aversion_institutional_quality_implications_Islamic_finance_abbas.pdf.jpg
  • Journal Article


  • Authors: Erbas, S. Nuri; Mirakhor, Abbas (2010)

  • With cross-section data from 53 emerging and mature markets, we provide evidence that equity premium puzzle is a global phenomenon. In addition to risk aversion, equity premium may reflect ambiguity aversion. We explore the sources of equity premium using some pertinent fundamental independent variables, as well as the World Bank institutional quality indexes and other proxies for the degree of ambiguity in the sample countries. Some World Bank and other indexes are statistically significant, which indicates that a large part of equity premium may reflect investor aversion to ambiguities resulting from institutional weaknesses. Implications of the results for Islamic finance are discu...

  • Islamic_financial_system_alternative_hossein_zamir_nourreddine_abbas.PDF.jpg
  • Industry Article


  • Authors: Askari, Hossein; Iqbal, Zamir; Krichene, Noureddine; Mirakhor, Abbas (2011)

  • Islamic finance provides financial products, which comply with Islamic law (Shariah), largerly to Muslim investors and some Islamic products have even attracted conventional investors and borrowers. Despite growing interest in Islamic finance, a full-fledged Islamic financial system has yet to be established and demonstrated as the viable financial system in even a single country ...

  • islamic_gold_dinar_myths_reality_cizakca.pdf.jpg
  • Journal Article


  • Authors: Cizakca, Murat (2011)

  • Recently, there have been an increasing number of publications and conferences on the re-introduction of the Islamic gold dÊnÉr, a coin with pure gold content. The phenomenon could even be construed as a campaign. The proponents of this idea, who are known as denarists and are particularly active in Malaysia, advocate that this country, as well as the whole Islamic world, “urgently” return to the Islamic gold dÊnÉr. Their call has gained considerable urgency in view of the latest crisis in the West. But what the denarists are doing is proposing an essentially historical system (coinage was the norm throughout history) without having studied how the system they are proposing actually f...

  • the_lembaga_urusan_dan_tabung_haji.pdf.jpg
  • Chapter in Book


  • Authors: Cizakca, Murat (2014)

  • The Tabung Haji is one of the most successful institutions for financing and organizing the modern pilgrimage. This was confirmed in 1990, when it was awarded the Islamic Development Bank prize in Islamic banking for the services it has provided to Malaysian pilgrims. In this chapter we will explain not only its establishment but also the reasons behind its success. This information will be provided in the hope that other Islamic countries may also wish to establish similar institutions.

  • The_Maldives_unique_breeding_ground_for_Islamic_finance_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2013)

  • The Maldives is a small island nation and also the lowest country in the world, with a maximum natural ground level of only 2.4 meters, situated in the Indian Ocean. The country consists of more than 1,900 coral islands which are geographically dispersed in the sea, spreading over some 90,000 square kilometers.

  • the_progress_of_Islamic_finance_in_the_Maldives_Aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2012)

  • Islamic finance is still at the nascent stage in the Maldives. The country has only recently seen the inception and development of Islamic finance. The first form of Islamic finance that came to the country was Takaful with the establishment of Amana Takaful Maldives in 2003. Islamic banking came to the country in 2011 when the only Islamic bank in the country, Maldives Islamic Bank, began operations. The two biggest service providers of Islamic finance in the country are these two entities, which are endeavoring to show the practicality of Islamic banking to the 100% Muslim citizens of the Maldives, constituting a population of about 300,000.

  • recent crisis_lessons for Islamic finance_Abbas.pdf.jpg
  • Journal Article


  • Authors: Mirakhor, Abbas; Krichene, Noureddine (2009-09-01)

  • Two alternative explanations of the financial crisis have emerged. One relies on deviations from the efficient capital market hypothesis - emergence of bubbles and informational problems - to explain the causes of the crisis. An alternative explanation views financial crises as internally generated instability episodes that inevitably arise from the basic debt-credit interest rate relations. Based on a number of assumptions, theory has demonstrated the inherent stability of Islamic financial system. However, in practice the assumptions of theory are not met and, therefore, such stability cannot be taken for granted. For one thing, theory, inter alia, assumes a 100 percent reserve bank...

  • recent_turmoil_monetary_policy_dual_financial_system_islamic_perspective_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2014)

  • The financial turmoil that the 2007 subprime debacle of the US set into motion has raised a welter of puzzling questions for the policy makers across the world. The position seems all the more confusing in the Muslim world where the fast expanding Islamic finance operates in competition with the conventional in a dual setting. The turmoil has led many to blaming the private lure for the colossal failure of financial institutions. In contrast, others counter argue to put public policy in the dock under the exalted banner of ‘regime uncertainty’. They blames the aggravation of the trouble on the uncalled for government intervention in financial markets. Interestingly, few draw atten...

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 195 to 204 of 220
  • tabung_haji_run_up_Islamic_finance.pdf.jpg
  • Chapter in Book


  • Authors: Mohd Rasid, Mohamed Eskandar Shah & Seho, Mirzet (2017)

  • Although Islam was introduced to South East Asia through traders in the 12th century and gained wide acceptance throughout the region in the 14th and 15th centruries (McDonnel, 1986; Ishak & Abdullah, 2012), the earliest hajj undertakings began only in 1849 (Baharudin, 2014). At that time, Malaysia then Malaya was a British colony. However, under the Pangkor Treaty of 1874, the British pledged that they would not interfere in the religion, customs and traditions of the Malays (Baharudin, 2014).

  • item.jpg
  • Industry Article


  • Authors: Alhabshi, Syed Othman (2014)

  • I have chosen the topic to be "The Constant behaviour of Generations of Men". I got this idea after picking up a number of latest publications in Islamic Banking and Finance that I have a chance to lay my hands pn the last few weeks. I thought I want to touch on something that would be most current in the literature. What I finally got was the impression that men never change in their behaviour and pursuit of life, hence the title. I believe you will agree with me at the end of this half article that I am not far from the truth.

  • equity_premium_puzzle_ambiguity_aversion_institutional_quality_implications_Islamic_finance_abbas.pdf.jpg
  • Journal Article


  • Authors: Erbas, S. Nuri; Mirakhor, Abbas (2010)

  • With cross-section data from 53 emerging and mature markets, we provide evidence that equity premium puzzle is a global phenomenon. In addition to risk aversion, equity premium may reflect ambiguity aversion. We explore the sources of equity premium using some pertinent fundamental independent variables, as well as the World Bank institutional quality indexes and other proxies for the degree of ambiguity in the sample countries. Some World Bank and other indexes are statistically significant, which indicates that a large part of equity premium may reflect investor aversion to ambiguities resulting from institutional weaknesses. Implications of the results for Islamic finance are discu...

  • Islamic_financial_system_alternative_hossein_zamir_nourreddine_abbas.PDF.jpg
  • Industry Article


  • Authors: Askari, Hossein; Iqbal, Zamir; Krichene, Noureddine; Mirakhor, Abbas (2011)

  • Islamic finance provides financial products, which comply with Islamic law (Shariah), largerly to Muslim investors and some Islamic products have even attracted conventional investors and borrowers. Despite growing interest in Islamic finance, a full-fledged Islamic financial system has yet to be established and demonstrated as the viable financial system in even a single country ...

  • islamic_gold_dinar_myths_reality_cizakca.pdf.jpg
  • Journal Article


  • Authors: Cizakca, Murat (2011)

  • Recently, there have been an increasing number of publications and conferences on the re-introduction of the Islamic gold dÊnÉr, a coin with pure gold content. The phenomenon could even be construed as a campaign. The proponents of this idea, who are known as denarists and are particularly active in Malaysia, advocate that this country, as well as the whole Islamic world, “urgently” return to the Islamic gold dÊnÉr. Their call has gained considerable urgency in view of the latest crisis in the West. But what the denarists are doing is proposing an essentially historical system (coinage was the norm throughout history) without having studied how the system they are proposing actually f...

  • the_lembaga_urusan_dan_tabung_haji.pdf.jpg
  • Chapter in Book


  • Authors: Cizakca, Murat (2014)

  • The Tabung Haji is one of the most successful institutions for financing and organizing the modern pilgrimage. This was confirmed in 1990, when it was awarded the Islamic Development Bank prize in Islamic banking for the services it has provided to Malaysian pilgrims. In this chapter we will explain not only its establishment but also the reasons behind its success. This information will be provided in the hope that other Islamic countries may also wish to establish similar institutions.

  • The_Maldives_unique_breeding_ground_for_Islamic_finance_aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2013)

  • The Maldives is a small island nation and also the lowest country in the world, with a maximum natural ground level of only 2.4 meters, situated in the Indian Ocean. The country consists of more than 1,900 coral islands which are geographically dispersed in the sea, spreading over some 90,000 square kilometers.

  • the_progress_of_Islamic_finance_in_the_Maldives_Aishath.pdf.jpg
  • Industry Article


  • Authors: Muneeza, Aishath (2012)

  • Islamic finance is still at the nascent stage in the Maldives. The country has only recently seen the inception and development of Islamic finance. The first form of Islamic finance that came to the country was Takaful with the establishment of Amana Takaful Maldives in 2003. Islamic banking came to the country in 2011 when the only Islamic bank in the country, Maldives Islamic Bank, began operations. The two biggest service providers of Islamic finance in the country are these two entities, which are endeavoring to show the practicality of Islamic banking to the 100% Muslim citizens of the Maldives, constituting a population of about 300,000.

  • recent crisis_lessons for Islamic finance_Abbas.pdf.jpg
  • Journal Article


  • Authors: Mirakhor, Abbas; Krichene, Noureddine (2009-09-01)

  • Two alternative explanations of the financial crisis have emerged. One relies on deviations from the efficient capital market hypothesis - emergence of bubbles and informational problems - to explain the causes of the crisis. An alternative explanation views financial crises as internally generated instability episodes that inevitably arise from the basic debt-credit interest rate relations. Based on a number of assumptions, theory has demonstrated the inherent stability of Islamic financial system. However, in practice the assumptions of theory are not met and, therefore, such stability cannot be taken for granted. For one thing, theory, inter alia, assumes a 100 percent reserve bank...

  • recent_turmoil_monetary_policy_dual_financial_system_islamic_perspective_zubair.pdf.jpg
  • Journal Article


  • Authors: Hasan, Zubair (2014)

  • The financial turmoil that the 2007 subprime debacle of the US set into motion has raised a welter of puzzling questions for the policy makers across the world. The position seems all the more confusing in the Muslim world where the fast expanding Islamic finance operates in competition with the conventional in a dual setting. The turmoil has led many to blaming the private lure for the colossal failure of financial institutions. In contrast, others counter argue to put public policy in the dock under the exalted banner of ‘regime uncertainty’. They blames the aggravation of the trouble on the uncalled for government intervention in financial markets. Interestingly, few draw atten...