PhD : [67]

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Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 67
  • item.jpg
  • PhD


  • Authors: Asadov, Alam I. (2018)

  • Following the U.S. Subprime Crises of 2007-08, many developed countries went into deep recession. In the literature, there are many reasons provided as probable causes of the crisis. However, it is undeniable that the flaws of the conventional financial system and home financing methods are among the important sources of the crisis. In this thesis, we argue that the damage caused by the Subprime crisis may have been avoided to a considerable extent if true profit and loss sharing (PLS) based method of financing has been applied. In that regards, we suggest an improved version of Islamic home financing called the Enhanced Musharakah Mutanaqisah (EMM). Available in physical copy on...

  • item.jpg
  • PhD


  • Authors: Rasul, Rosnani (2017)

  • Understanding the determinants of portfolio investment inflows is imperative in a region highly susceptible to large amount of capital inflows like ASEAN. And to formulate the right policy, intervention and upgrade, ASEAN needs to have a good grasp on these determinants before it can manage volatile capital flows and the accompanying disruptive potential. Although a number of studies focusing on the drivers of gross capital inflows into EMEs has been established, one on ASEAN's has been largerly left out. The need for studying gross inflows is simple, as its movement has direct implication on financial stability and the vulnerability of the overall financial system. Available in p...

  • Phd_Global_financial_shocks_and_stock_market_comovements_Siti_Zulaikha.pdf.jpg
  • PhD


  • Authors: Siti Zulaikha (2017)

  • The study investigates the impact of the global financial shocks on the correlations between the stock market and interest rate on the one hand and that between conventional and Islamic stocks on the other. The countries investigated are Malaysia, Indonesia, the U.S., Japan, the U.K., Kuwait, Saudi Arabia, Qatar with the sample period from December 2004 to December 2012. Changes in correlations for different time scales or investment horizons levels with wavelet analysis were tested. It was found that correlations among Islamic and conventional stock markets in non-shock periods tend to be ... Available in physical copy and downloadable format (Call Number: t HG 4661 S623)

  • PhD_Islamic_banking_stability_efficiency and growth_the_market_discipline_Sharezan.pdf.jpg
  • PhD


  • Authors: Abd Rahman, Sharezan (2017)

  • This research empirically investigates the role of profit sharing investment accounts in providing market discipline and the extent to which PSIA influences Islamic banks' stability, efficiency and financing growth, thus complementing government supervision and regulation of Islamic banks. Data from 48 Islamic banks from 13 countries in different regions over the period 2007 to 2014 were collected. A two-step system generalized method of moments (GMM) was applied to estimate the equations. The fixed and random effects and the two-step difference GMM were also applied for comparison purposes ... Available in physical copy and downloadable format (Call Number: t HF 5686 P225 S531)

  • PhD_A_game_theoretic_investigation_of_compliance_to_Islamic_rules_of_behaviour_Hazik.pdf.jpg
  • PhD


  • Authors: Mohamed, Hazik (2017)

  • The breakdown of trust and cooperation as well as the failure of institutions to govern effectively can be attributed as the critical causes of the global financial meltdown. This research will extend the behavioural investigation into testing the level of adherence towards these rules of behaviour in the members of society - specifically separated into two groups, Muslims and non-Muslims. This research will analyze the comparative behaviours of Muslims and non-Muslims using selected games (from the body of published work on behavioural and experimental games). The experimental games will be carried out on test subjects in Singapore as well as in Malaysia from diverse backgrounds ... ...

  • PhD_Political_connections_shariah_compliance_and_firms_performance_malaysian_experience_Irum_Saba.pdf.jpg
  • PhD


  • Authors: Saba, Irum (2017)

  • Businesses and politics are two important blocks for the economic growth of any country. This dissertation focuses on the determinants of the performance of the listed firms in the case of Malaysia with the analysis and impact of political connections and Shari'ah compliance on the performance of the listed firms for the year 2000-2014. The research also focuses on the performance of firms having political affiliations and who also attain the status of Shari'ah compliance as per the rule book of the Securities and Exchange Commission of Malaysia. The results of our study shows, certain firm-specific ... Available in physical copy and downloadable format (Call Number: t BP 173.75 S1...

  • 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 ... Available in downloadable format.

  • Phd_Using_reputation_fame_to_reduce_information_asymmetry_in_islamic_risk_sharing_crowdfunding_models_Omid_Torabi.pdf.jpg
  • PhD


  • Authors: Torabi, Omid (2017)

  • Crowdfunding as a part of sharing economy is a fast developing method of projects finance mobilization. From Islamic finance point of view, it is important to address the Islamic crowdfunding system to improve the new Fintech trends in Islamic communities. Moreover, risk sharing is the essence of Islamic finance and equity crowdfunding potentially is a proper Musharakah risk sharing scheme to be compliance with Shariah of Islam. However, the lack of trust and the problem of information asymmetry are the main challenges of any type of risk sharing deal as well as crowdfunding ... Available in downloadable format.

  • PhD_Risk_shifting_and_Islamic_banking_Alaa_Alaabed.pdf.jpg
  • PhD


  • Authors: Alaabed, Alaa (2015)

  • Risk shifting is, axiomatically, absent in an ideal Islamic banking system, where equity holders are expected to share assets' upside and downside potential with investment account holders (depositors). The Islamic banking model, thus, provides unique paradigm with risk sharing at its core. However, the present formation of Islamic banking has grown out of conventional banking and uses many of its techniques and instruments. Whereas significant research has delineated the theoretical foundations of Islamic banking and its axiomatic characteristics, empirical assessment of the implications of present form Islamic banking is relatively limited and often focused on issues of efficiency, ...

  • Phd_The_determinants_of_mission_drift_in_microfinance_and_threshold_of_outreach_financial_stability_Ashraful_Mobin.pdf.jpg
  • PhD


  • Authors: Mobin, Mohammad Ashraful (2017)

  • The microfinance industry can reach the poor in large scale and yet attain profitability. To maintain these two objectives which is known as double bottom line, microfinance institutions (MFIs) have to find the right balance between financial sustainability and social performance. However, there have been considerable debates on whether the goals of the double bottom line have been compromised. It is argued that to attain profitability, MFIs have allegedly shifted away from its mandate of serving the poorest borrowers in pursuit of financial sustainability. This phenomenon is described as "mission drift" ... Available in physical copy and downloadable format (Call Number: t HG 178....

  • item.jpg
  • PhD


  • Authors: Dewandaru, Ginanjar (2015)

  • This study investigates the roles of Shariah-compliant asset classes as well as Shariah-compliant portfolio strategies, which are divided into three separate essays. The first essay 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. The 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. The study uses the recent mean-variance spanning test in multiple regimes, which not only accounts for tail risk but also identifies the source of va...

  • PhD_Role_of_Islamic_microfinance_institutions_in_empowering_the_poor_in_Indonesia_Muhammad_Quraisy.pdf.jpg
  • PhD


  • Authors: Quraisy, Muhammad (2017)

  • All the human beings in this world deserve to have a better quality of life. In order to achieve the noble notion, the chronic social disease called poverty must be expelled. It is a multidimensional phenomenon that has defied the social, economic and political landscape of every nation and society in various parts of the world. Thus, there is an urgent need to combat poverty and empowering the poor in order to develop both the physical and social well-being as well as to enhance the quality life of the people. One of the effective and powerful tools to combat poverty is by providing microfinance access to the poor ... Available in physical copy and downloadable format (Call Number...

  • PhD_An_analysis_of_issues_surrounding_stock_index_futures_contract_Hashim.pdf.jpg
  • PhD


  • Authors: Jusoh, Hashim (2017)

  • The derivatives markets in the Asian region have shown significant growth and development since their inception. Similarly, derivatives market in Malaysia and Bursa Malaysia Derivatives have experienced remarkable changes and developments. This study focuses mainly on the stock index futures contract (FKLI) and its relationship with the underlying spot index (FBM KLCI). The FKLI is chosen instead of other permissible futures due to availability of the data and its relevance in the context of fund managers' asset allocation strategy... Available in physical copy and downloadable format (Call Number: t HG 6043 H348)

  • item.jpg
  • PhD


  • Authors: Daher, Hassan Youssef (2014)

  • In the aftermath of the recent financial crisis, the inherent linkages between banks' capital buffers and risk took center stage as policy makers promoted a more resilient global banking system. The growing recognition of Islamic banking as a viable alternative-banking model warrants the need to investigate the overall susceptibilities of Islamic banks' capital buffers (when compared to conventional banks) to unique risks emanating from their operating environments. We examine this issue over the period 2005-2012 in the 18 countries where Islamic and conventional commercial banks coexist. We employ a panel model using dynamic Generalized Methods of Moments (GMM) on a data set comprisi...

  • item.jpg
  • PhD


  • Authors: Alaeddin, Omar (2015)

  • Market discipline is one of the main pillars for stability and resiliency in banking system (Basel II, 2004).The mechanism of market discipline primarily relies on the role of depositors who receive timely information and act accordingly through their respective accounts. Empirical evidence shows the presence of market discipline, whereby non-insured depositors react to risk factors of the bank accordingly either by withdrawing their deposit (quantity mechanism model) or demanding higher return (price mechanism model), although there is an interactive relation between the both mechanisms (interactive dynamic model). In tandem with conventional banking system, Islamic banking also emph...

  • PhD_Non_intermediation_activities_and_impacts_on_bank_performance_Mohsin_Ali.pdf.jpg
  • PhD


  • Authors: Ali, Mohsin (2017)

  • In the wake of increasing competition and financial deregulation, the traditional intermediation activities have been declining as proportion of total banking activities. Banks are left with no choice but to be more creative to survive in the market place. Therefore, banks have been attempting to offset this decline in profits with income generated from non-traditional / non-intermediation activities. After the recent global crisis, both Islamic and conventional banks in OIC countries have also shifted their business focus. This invites a thorough investigation into the impact of non-intermediation activities on bank performance as well as on the economic growth and volatility. In the...

  • PhD_Riba_free_model_of_stabilization_and_growth_application_to_Senegal_Adama.pdf.jpg
  • PhD


  • Authors: Dieye, Adama (2017)

  • The thesis addresses the failure of a model of economic development in Senegal and many other developing countries. Despite decades of economic adjustment programs designed by international financial institutions and supported by donors, Senegal could not achieve sustained prosperity or show strong internal and external balances. The thesis proposes to break the vicious circle of weak economic growth, financial imbalances, high level of debt and poverty. Accordingly, it adopts an Islamic paradigm that offers far better prospects for macroeconomic growth and social justice ... Available in physical copy and downloadable format (Call Number: t HG 3368 A6 D567)

  • item.jpg
  • PhD


  • Authors: Rafi, Umar (2015)

  • This research attempts to show that risk sharing, as defined under Islamic finance, makes financial systems antifragile. The recent financial crisis has given rise to discussions around a new term known as antifragility, used for evaluating the long-term stability of a financial system. Antifragility specifies conditions under which systems become resilient to shocks caused by Black Swans. These are highly unpredictable outlier events that have a major negative (or positive) consequence when they occur, with their occurence only being explained retrospectively. According to this concept, the long-term survivability of any system centers exclusively on its antifragile nature, that is, ...

  • Phd_The_Impact_of_financial_development_on_income_inequality_Resul_Sapar.pdf.jpg
  • PhD


  • Authors: Sapar, Resul (2017)

  • Income inequality, or the widening income gap between the rich and the poor, is the most discussed universal and controversial issue. It is an issue of great concern as history has shown that it can create costly, bloody, social and political instability as evidenced by French and Russian Revolutions and Arab Spring events. Many causes have been cited for the widening income gap between the rich and the poor including economic development, technological change, trade openness, financial development, and changes in labor market institutions, redistributive policies and education attainment. This thesis focuses ... Available in physical copy and downloadable format (Call Number: t HC...

  • 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 ... Available in physical copy and downloadable format (Call Number: t HG 187.4 B168)

Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 67

PhD : [67]

Follow this collection to receive daily e-mail notification of new additions
Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 67
  • item.jpg
  • PhD


  • Authors: Asadov, Alam I. (2018)

  • Following the U.S. Subprime Crises of 2007-08, many developed countries went into deep recession. In the literature, there are many reasons provided as probable causes of the crisis. However, it is undeniable that the flaws of the conventional financial system and home financing methods are among the important sources of the crisis. In this thesis, we argue that the damage caused by the Subprime crisis may have been avoided to a considerable extent if true profit and loss sharing (PLS) based method of financing has been applied. In that regards, we suggest an improved version of Islamic home financing called the Enhanced Musharakah Mutanaqisah (EMM). Available in physical copy on...

  • item.jpg
  • PhD


  • Authors: Rasul, Rosnani (2017)

  • Understanding the determinants of portfolio investment inflows is imperative in a region highly susceptible to large amount of capital inflows like ASEAN. And to formulate the right policy, intervention and upgrade, ASEAN needs to have a good grasp on these determinants before it can manage volatile capital flows and the accompanying disruptive potential. Although a number of studies focusing on the drivers of gross capital inflows into EMEs has been established, one on ASEAN's has been largerly left out. The need for studying gross inflows is simple, as its movement has direct implication on financial stability and the vulnerability of the overall financial system. Available in p...

  • Phd_Global_financial_shocks_and_stock_market_comovements_Siti_Zulaikha.pdf.jpg
  • PhD


  • Authors: Siti Zulaikha (2017)

  • The study investigates the impact of the global financial shocks on the correlations between the stock market and interest rate on the one hand and that between conventional and Islamic stocks on the other. The countries investigated are Malaysia, Indonesia, the U.S., Japan, the U.K., Kuwait, Saudi Arabia, Qatar with the sample period from December 2004 to December 2012. Changes in correlations for different time scales or investment horizons levels with wavelet analysis were tested. It was found that correlations among Islamic and conventional stock markets in non-shock periods tend to be ... Available in physical copy and downloadable format (Call Number: t HG 4661 S623)

  • PhD_Islamic_banking_stability_efficiency and growth_the_market_discipline_Sharezan.pdf.jpg
  • PhD


  • Authors: Abd Rahman, Sharezan (2017)

  • This research empirically investigates the role of profit sharing investment accounts in providing market discipline and the extent to which PSIA influences Islamic banks' stability, efficiency and financing growth, thus complementing government supervision and regulation of Islamic banks. Data from 48 Islamic banks from 13 countries in different regions over the period 2007 to 2014 were collected. A two-step system generalized method of moments (GMM) was applied to estimate the equations. The fixed and random effects and the two-step difference GMM were also applied for comparison purposes ... Available in physical copy and downloadable format (Call Number: t HF 5686 P225 S531)

  • PhD_A_game_theoretic_investigation_of_compliance_to_Islamic_rules_of_behaviour_Hazik.pdf.jpg
  • PhD


  • Authors: Mohamed, Hazik (2017)

  • The breakdown of trust and cooperation as well as the failure of institutions to govern effectively can be attributed as the critical causes of the global financial meltdown. This research will extend the behavioural investigation into testing the level of adherence towards these rules of behaviour in the members of society - specifically separated into two groups, Muslims and non-Muslims. This research will analyze the comparative behaviours of Muslims and non-Muslims using selected games (from the body of published work on behavioural and experimental games). The experimental games will be carried out on test subjects in Singapore as well as in Malaysia from diverse backgrounds ... ...

  • PhD_Political_connections_shariah_compliance_and_firms_performance_malaysian_experience_Irum_Saba.pdf.jpg
  • PhD


  • Authors: Saba, Irum (2017)

  • Businesses and politics are two important blocks for the economic growth of any country. This dissertation focuses on the determinants of the performance of the listed firms in the case of Malaysia with the analysis and impact of political connections and Shari'ah compliance on the performance of the listed firms for the year 2000-2014. The research also focuses on the performance of firms having political affiliations and who also attain the status of Shari'ah compliance as per the rule book of the Securities and Exchange Commission of Malaysia. The results of our study shows, certain firm-specific ... Available in physical copy and downloadable format (Call Number: t BP 173.75 S1...

  • 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 ... Available in downloadable format.

  • Phd_Using_reputation_fame_to_reduce_information_asymmetry_in_islamic_risk_sharing_crowdfunding_models_Omid_Torabi.pdf.jpg
  • PhD


  • Authors: Torabi, Omid (2017)

  • Crowdfunding as a part of sharing economy is a fast developing method of projects finance mobilization. From Islamic finance point of view, it is important to address the Islamic crowdfunding system to improve the new Fintech trends in Islamic communities. Moreover, risk sharing is the essence of Islamic finance and equity crowdfunding potentially is a proper Musharakah risk sharing scheme to be compliance with Shariah of Islam. However, the lack of trust and the problem of information asymmetry are the main challenges of any type of risk sharing deal as well as crowdfunding ... Available in downloadable format.

  • PhD_Risk_shifting_and_Islamic_banking_Alaa_Alaabed.pdf.jpg
  • PhD


  • Authors: Alaabed, Alaa (2015)

  • Risk shifting is, axiomatically, absent in an ideal Islamic banking system, where equity holders are expected to share assets' upside and downside potential with investment account holders (depositors). The Islamic banking model, thus, provides unique paradigm with risk sharing at its core. However, the present formation of Islamic banking has grown out of conventional banking and uses many of its techniques and instruments. Whereas significant research has delineated the theoretical foundations of Islamic banking and its axiomatic characteristics, empirical assessment of the implications of present form Islamic banking is relatively limited and often focused on issues of efficiency, ...

  • Phd_The_determinants_of_mission_drift_in_microfinance_and_threshold_of_outreach_financial_stability_Ashraful_Mobin.pdf.jpg
  • PhD


  • Authors: Mobin, Mohammad Ashraful (2017)

  • The microfinance industry can reach the poor in large scale and yet attain profitability. To maintain these two objectives which is known as double bottom line, microfinance institutions (MFIs) have to find the right balance between financial sustainability and social performance. However, there have been considerable debates on whether the goals of the double bottom line have been compromised. It is argued that to attain profitability, MFIs have allegedly shifted away from its mandate of serving the poorest borrowers in pursuit of financial sustainability. This phenomenon is described as "mission drift" ... Available in physical copy and downloadable format (Call Number: t HG 178....

  • item.jpg
  • PhD


  • Authors: Dewandaru, Ginanjar (2015)

  • This study investigates the roles of Shariah-compliant asset classes as well as Shariah-compliant portfolio strategies, which are divided into three separate essays. The first essay 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. The 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. The study uses the recent mean-variance spanning test in multiple regimes, which not only accounts for tail risk but also identifies the source of va...

  • PhD_Role_of_Islamic_microfinance_institutions_in_empowering_the_poor_in_Indonesia_Muhammad_Quraisy.pdf.jpg
  • PhD


  • Authors: Quraisy, Muhammad (2017)

  • All the human beings in this world deserve to have a better quality of life. In order to achieve the noble notion, the chronic social disease called poverty must be expelled. It is a multidimensional phenomenon that has defied the social, economic and political landscape of every nation and society in various parts of the world. Thus, there is an urgent need to combat poverty and empowering the poor in order to develop both the physical and social well-being as well as to enhance the quality life of the people. One of the effective and powerful tools to combat poverty is by providing microfinance access to the poor ... Available in physical copy and downloadable format (Call Number...

  • PhD_An_analysis_of_issues_surrounding_stock_index_futures_contract_Hashim.pdf.jpg
  • PhD


  • Authors: Jusoh, Hashim (2017)

  • The derivatives markets in the Asian region have shown significant growth and development since their inception. Similarly, derivatives market in Malaysia and Bursa Malaysia Derivatives have experienced remarkable changes and developments. This study focuses mainly on the stock index futures contract (FKLI) and its relationship with the underlying spot index (FBM KLCI). The FKLI is chosen instead of other permissible futures due to availability of the data and its relevance in the context of fund managers' asset allocation strategy... Available in physical copy and downloadable format (Call Number: t HG 6043 H348)

  • item.jpg
  • PhD


  • Authors: Daher, Hassan Youssef (2014)

  • In the aftermath of the recent financial crisis, the inherent linkages between banks' capital buffers and risk took center stage as policy makers promoted a more resilient global banking system. The growing recognition of Islamic banking as a viable alternative-banking model warrants the need to investigate the overall susceptibilities of Islamic banks' capital buffers (when compared to conventional banks) to unique risks emanating from their operating environments. We examine this issue over the period 2005-2012 in the 18 countries where Islamic and conventional commercial banks coexist. We employ a panel model using dynamic Generalized Methods of Moments (GMM) on a data set comprisi...

  • item.jpg
  • PhD


  • Authors: Alaeddin, Omar (2015)

  • Market discipline is one of the main pillars for stability and resiliency in banking system (Basel II, 2004).The mechanism of market discipline primarily relies on the role of depositors who receive timely information and act accordingly through their respective accounts. Empirical evidence shows the presence of market discipline, whereby non-insured depositors react to risk factors of the bank accordingly either by withdrawing their deposit (quantity mechanism model) or demanding higher return (price mechanism model), although there is an interactive relation between the both mechanisms (interactive dynamic model). In tandem with conventional banking system, Islamic banking also emph...

  • PhD_Non_intermediation_activities_and_impacts_on_bank_performance_Mohsin_Ali.pdf.jpg
  • PhD


  • Authors: Ali, Mohsin (2017)

  • In the wake of increasing competition and financial deregulation, the traditional intermediation activities have been declining as proportion of total banking activities. Banks are left with no choice but to be more creative to survive in the market place. Therefore, banks have been attempting to offset this decline in profits with income generated from non-traditional / non-intermediation activities. After the recent global crisis, both Islamic and conventional banks in OIC countries have also shifted their business focus. This invites a thorough investigation into the impact of non-intermediation activities on bank performance as well as on the economic growth and volatility. In the...

  • PhD_Riba_free_model_of_stabilization_and_growth_application_to_Senegal_Adama.pdf.jpg
  • PhD


  • Authors: Dieye, Adama (2017)

  • The thesis addresses the failure of a model of economic development in Senegal and many other developing countries. Despite decades of economic adjustment programs designed by international financial institutions and supported by donors, Senegal could not achieve sustained prosperity or show strong internal and external balances. The thesis proposes to break the vicious circle of weak economic growth, financial imbalances, high level of debt and poverty. Accordingly, it adopts an Islamic paradigm that offers far better prospects for macroeconomic growth and social justice ... Available in physical copy and downloadable format (Call Number: t HG 3368 A6 D567)

  • item.jpg
  • PhD


  • Authors: Rafi, Umar (2015)

  • This research attempts to show that risk sharing, as defined under Islamic finance, makes financial systems antifragile. The recent financial crisis has given rise to discussions around a new term known as antifragility, used for evaluating the long-term stability of a financial system. Antifragility specifies conditions under which systems become resilient to shocks caused by Black Swans. These are highly unpredictable outlier events that have a major negative (or positive) consequence when they occur, with their occurence only being explained retrospectively. According to this concept, the long-term survivability of any system centers exclusively on its antifragile nature, that is, ...

  • Phd_The_Impact_of_financial_development_on_income_inequality_Resul_Sapar.pdf.jpg
  • PhD


  • Authors: Sapar, Resul (2017)

  • Income inequality, or the widening income gap between the rich and the poor, is the most discussed universal and controversial issue. It is an issue of great concern as history has shown that it can create costly, bloody, social and political instability as evidenced by French and Russian Revolutions and Arab Spring events. Many causes have been cited for the widening income gap between the rich and the poor including economic development, technological change, trade openness, financial development, and changes in labor market institutions, redistributive policies and education attainment. This thesis focuses ... Available in physical copy and downloadable format (Call Number: t HC...

  • 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 ... Available in physical copy and downloadable format (Call Number: t HG 187.4 B168)

Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 67