PhD : [114]

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Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 114
  • Efficacy_of_Islamic_financing_for_renewable_energy_infrastructure_the_case_for_Nigeria_Ishaq Mustapha.pdf.jpg
  • PhD


  • Authors: Ishaq Muhammad Mustapha Akinlaso (2021)

  • This dissertation examined the efficacy of Islamic financing instruments in bridging the energy infrastructure investment gap in Nigeria, a fiscally-burdened, developing country. A growing energy infrastructure investment gap is an imminent concern in Nigeria, like in many developing countries, and has been precipitated by financial and economic challenges. This research sheds light on two critical problems associated with the conventional infrastructure financing instruments in PPP: a. high risk of financial distress due to high debt gearing; and b. a substantial fiscal risk that endangers fiscal sustainability. Using a case study approach, the dissertation presents the case of Niger...

  • Economic_empowerment_of_women_exploring_financial_inclusion_economic_growth_Azima.pdf.jpg
  • PhD


  • Authors: Azima Khan (2021)

  • Women consist of almost half of the world’s population but are disadvantaged in all human development fields. They face barriers in access to valued resources which include education, health, employment, access and ownership of land, banking and finance. Despite recent advances in important aspects of the lives of girls and women, pervasive challenges remain, most often as a result of widespread constraints which often violate women's basic human rights. These differences matter as they directly affect economic outcomes. We therefore make the economic empowerment of women the focus of this study. Research on women’s economic empowerment can be approached in several ways. We look at tw...

  • Consumer_financial_protection_in_Islamic_banking_Mace Abdullah.pdf.jpg
  • PhD


  • Authors: Mace Abdullah (2021)

  • Islamic banks (“IB”) are predominant institutions of Islamic Finance (“IF”) worldwide. Consumers are key stakeholders in IBs. The central objective of this research is to study consumer financial protection (“CFP”) in IBs. The presence of conduct risk (“CR”) in the form of reputational damage, monetary awards, costs and fines, emanating from grievances, claims and disputes between IBs and their consumers is indicated as resulting from laxity in CFP. As with conventional banks (“CB”), lax CFP in IBs results in CR due to various forms of misconduct, whether intentional, negligent or inadvertent. However, in IBs, lax CFP may also result in CR due to “tensions” in Shari'ah governance (“SG...

  • Capital_structure_theory_revisited_Fareiny Morni.pdf.jpg
  • PhD


  • Authors: Fareiny Morni (2022)

  • In the Islamic finance capital market spectrum, the potential of mudharabah and musyarakah sukuk is hampered with criticism by Shariah scholars. Among the criticisms include the presence of uncertainties surrounding sukuk returns, the risk of losses that the rabbul-mal (investors) have to bear, and the need to mitigate agency costs (for mudharabah contracts). This have made it a deterrent for both issuers and investors in seeing the instrument as a viable alternative to debt-based sukuk structures. This study proposes an improvement to musyarakah sukuk. It begins with a qualitative examination of the structure of corporate mudharabah and musyarakah sukuk issued in Malaysia. The examin...

  • The_impact_of_bank_competition_on_financial_intermediation_cost_in_dual_banking_system_Mhd Osama.pdf.jpg
  • PhD


  • Authors: Mhd Osama Alchaar (2022)

  • This thesis examines the relationship between bank competition and financial intermediation cost in the dual banking system. In literature, such relationship has been substantially studied for the conventional banking system. Yet, exploring it in dual system is still missing. This examination is important for two main reasons. First, the changing market structure within the dual banking jurisdictions and its sequences on various banking aspects. Second, the high intermediation cost of Islamic banks compared to their conventional peers, which is well documented in literature, and the possible role of changes in market structure on such cost. By leveraging on a sample of 387 commercial ...

  • Insolvency_regime_for_Islamic_banks_in_Malaysia_Ahmad Hidayat.pdf.jpg
  • PhD


  • Authors: Ahmad Hidayat Md Nor (2022)

  • It is presumed that banks including Islamic banks (IB) are too big to fail. Despite the evidence to the contrary, this presumption is still predominant. The evidence shows that the consequences of banks insolvency is part and parcel of the business risk involving banks, albeit it can be prevented or mitigated with sound insolvency regime. The objectives of this research are to: explore the concept of insolvency under Shari'ah; examine the insolvency regime applicable to IB in Malaysia; study the instances in which Islamic financial institutions (IFI) have been insolvent and insolvency framework applied in actual cases of failed IFI; and find out the compatibility of current insolvency...

  • An_empirical_study_of_the_oscillator_option_pricing_model_Imene Nouar.pdf.jpg
  • PhD


  • Authors: Imene Nouar Tabet (2021)

  • The option pricing model introduced by Black-Scholes in 1974 gained wide acceptance for its simplicity but was inefficient in pricing options as it relied on implied volatility. Despite the evolution of various versions of option pricing models since their seminal work, little progress had been documented on the use of implied volatility, leaving Black-Scholes to be a mathematical identity to calculate the instantaneous implied volatility as it fails to be an efficient pricing equation. Although interpreted as market expectation of future volatility of stocks, implied volatility is literally a black box that captures market information that is not specifically known yet also internall...

  • Monetary_policy_and_Islamic_banking_stability_Ndeye Djiba.pdf.jpg
  • PhD


  • Authors: Ndeye Djiba Ndiaye (2021)

  • The COVID-19 pandemic has exposed the fragilities in our economies. Central banks across the globe have been called on to protect and maintain global economic and financial system stability. One way they have done so is through unprecedented policy actions, including easing monetary policy across the globe by cutting policy rates to provide ample liquidity to core funding markets and maintain the flow of credit. Indeed, many advanced economies have kept rates to historic lows and half of the central banks in emerging markets and lower income countries have also cut policy rates (Adrian & Natalucci, 2020). This is reminiscent of the exceptionally loose monetary conditions maintained in...

  • item.jpg
  • PhD


  • Authors: Prachaya Suwanhirunkul (2021)

  • This thesis investigates the determinants and impact of short-term capital flow in the 33 OIC countries from 2000 to 2018 and bridges the understanding between both literature strands. The short-term capital flows are divided into gross inflows, outflows, and extreme episodes, analyzed under the push-pull framework. The empirical approaches for exploring the determinants of short-term capital flows consist of panel static and dynamic LSDV and probit models. Additional analysis controlling for Lucas's paradox conditions provides more insights and robustness. The study then analyzes their impact on economic growth (GDP), conventional, and Islamic stock markets. The study employs time-se...

  • item.jpg
  • PhD


  • Authors: Rashid Mansoor (2021)

  • The first objective of our study is to investigate how financial inclusion moderates the impact of crisis on income inequality. We treat financial inclusion as a potential moderating variable because it has the potential to impact income inequality both directly (through favourable labour market and employment effects) and indirectly (by inducing saving, impacting financial stability, and leading to growth, etc.). The empirical analysis is done using System GMM on a dynamic panel of 150 countries, spanning the period 1980-2018, for systemic banking and currency crises. Our results indicate that crises in general have an adverse distributional impact that is in some ways moderated by c...

  • Empirical_analysis_of_pricing_model_for_corporate_bonds_with_stochastic_coupons_Mahmudul Karim.pdf.jpg
  • PhD


  • Authors: Muhammad Mahmudul Karim (2021)

  • This study empirically investigates the stochastic corporate coupon bond pricing model proposed by Baaquie (2020b) and the pioneering structural risky bond pricing model proposed by Merton (1974). Merton's risky zero-coupon bond pricing model is converted into a portfolio of zeros to study corporate coupon bonds. The seminal work of Merton (1974) is considered as the backbone of corporate bond pricing. Merton's model is based on the generalization of Black and Scholes (1973) option pricing theory. The coupon bond pricing model, proposed by Baaquie (2020b), is based on Merton's bond pricing theory, but coupons are stochastic. Hence, we can call it a stochastic coupon bond pricing model...

  • The_impact_of_financial_liberalization_of_prosperity_in_OIC_countries_Wan Mohd Kamal.pdf.jpg
  • PhD


  • Authors: Wan Mohd Kamal Wan Omar (2021)

  • Many studies have affirmed that financial liberalization leads to higher output growth, yet the effect of financial liberalization on prosperity is ambiguous. The most common measurement to study prosperity is the GINI index, which is a single-dimensional index based on GDP. WEF2018 reported that global income inequality has steadily widened with 82 percent of all wealth created by only one percent of the world's richest countries. Therefore, this study uses the Legatum Prosperity Index, which is more comprehensive based on additional factors such as wealth, education, well-being, and health. This study focuses on OIC countries considering their impressive growth in Islamic finance. O...

  • Ethical_issues_in_profit_rate_charges_in_Islamic_debt_financing_Mahmudul Haque.pdf.jpg
  • PhD


  • Authors: Md. Mahmudul Haque (2021)

  • In past thirty years, Islamic banking has established itself in the global market as an alternative method of financing to interest-based financing. Most of Islamic financing products are formulated on debt financing contract such as murabaha and tawaruq contracts where elements of interest, ambiguities, gambling and impure commodities are duly avoided. While these contracts have complied with the fundamental principle of the Shariah, less attention is accorded to the pricing aspect of the contract especially in the setting of finance charges, namely profit rates on the facilities. While regulatory murabaha Shariah parameter defined the selling price of murabaha as a sum of the cost o...

  • item.jpg
  • PhD


  • Authors: Nazrul Hazizi Noordin (2021)

  • This study extends the bank ownership database of Claessens and van Horen (2015) to investigate the role of state-owned and foreign banks in the development of private credit markets in countries with a dual banking system. The enhanced database contains state and foreign ownership information of 1,038 banks operating in 29 countries, categorised as either Islamic or non-Islamic. To begin, this study uses the database to identify the bank ownership patterns in the dual banking countries. The data reveals that the ownership structure of the Islamic banking industry changes in a different manner from that of their conventional counterpart. More specifically, it shows that, in line with ...

  • Promoting_shared_prosperity_in_developed_developing_countries_on_sustainable_development_concept_via_Islamicity_Prosperity_Index_Nor_Hazila.pdf.jpg
  • PhD


  • Authors: Nor Hazila Ismail (2020)

  • Greater inequalities and social exclusion are reckoned to be the results of economic growth which led the World Bank to set the new goal, to end extreme poverty and promote shared prosperity. Interestingly, the approach of the contemporary solution is largely in consonance with the objectives of the Shari'ah. Realizing the importance of this agenda, a bold attempt is made in this study to quantify and visualize 'prosperity sharing' in 28 developed countries and 14 developing countries by reshaping the sustainable development concept from an Islamic perspective. The four pillars of prosperity namely Faradh (social responsibility), Shura (social participation), Al Adl Wal Ihsan (social ...

  • The_human_development_link_between_financial_development_poverty_and_income_inequality_Maizura.pdf.jpg
  • PhD


  • Authors: Maizura Md Isa (2021)

  • Poverty and income inequality are the two of the most pertinent global challenges facing the world economy today. Despite many attempts aimed at combating poverty and income inequality, the problem still persists. It takes more than monetary value to eradicate poverty and reduce income inequality, for the outcome would depend very much on the capabilities of the poorer segments of society. The world needs inclusive growth to ensure that the benefits of economic growth are equitably distributed across society. This research empirically investigates into the impact of financial development on poverty reduction and income inequality. However, the inconclusiveness of this relationship in ...

  • PhD_Developing_and_examining_sustainability_business_model_for_Omani_MSMEs_Fatin.pdf.jpg
  • PhD


  • Authors: Fatin Said Juma Al Zadjali (2019)

  • Sustainability has become an emerging topic that shapes how firms strategize to secure better business opportunities and financial performance. The recent increase in the number and market share of Environmental Social and Governance (ESG) and sustainable oriented firms whether large or small has intensified competition in this new industry. However, whether it pays to be sustainable in all market types is yet to be determined. The term 'one size fits all' does not apply to sustainability, since there are complexities that require addressing. The complexity of developing a model that is suitable enough to be called sustainable and legitimate enough to matter still requires intense del...

  • PhD_Determinants_demand-side_intention_use_Islamic_home_financing_supply-side_challenges_Zulfiqar.pdf.jpg
  • PhD


  • Authors: Zulfiqar Ali Khan (2019)

  • The aim of this research is to examine the issues and challenges of the Islamic home financing market Afghanistan as the country is facing substantial housing shortage due to its growing population and unavailability of land in the major cities where unclear land titles, lack of legal and regulatory frameworks, absence of national housing policies and foreclosure laws constituted major barriers. These problems are compounded with the lack of supply of housing finance and people's low financial capacity to take bank loans and financing. This study first examines the current Islamic banking legal and regulatory framework ...

  • item.jpg
  • PhD


  • Authors: Abdullaah Jalil (2019)

  • Shariah compliance is the core of Islamic finance and it is the most significant feature for any Islamic financial institutions. It is the very objective of Islamic financial institutions in all their operations, products and affairs. With the enforcement of IFSA 2013, penalties and consequences of not following Shariah compliance can be severe. Notwithstanding all the efforts that have been taken to strenghten the Shariah compliance framework and mitigate the occurrence of Shariah non-compliance at the Malaysian Islamic banking institutions, incidences of Shariah non-compliance do still emerge and materialise. Thus, this study is an effort to examine the subject of Shariah non-compli...

  • Phd_Role_multinational_banks_international_transmission_financial_shocks_dual_banking_system_Naseem.pdf.jpg
  • PhD


  • Authors: Naseem Bukhari (2020)

  • In the last two decades, financial integration and financial liberalization has resulted into proliferation of multinational banks across the globe. This augmenting growth in multinational banking is proclaimed to enhance financial stability in host countries as they bring about competitiveness and efficiency, introduce best governance practices, superior risk management techniques, product innovation,and above all have parental support at their disposal in times of financial distress. However, at the same time these multinational banks with significant market share can destabilize host economies as they may not only intensify their domestic crises but may also become a source of tran...

Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 114

PhD : [114]

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 114
  • Efficacy_of_Islamic_financing_for_renewable_energy_infrastructure_the_case_for_Nigeria_Ishaq Mustapha.pdf.jpg
  • PhD


  • Authors: Ishaq Muhammad Mustapha Akinlaso (2021)

  • This dissertation examined the efficacy of Islamic financing instruments in bridging the energy infrastructure investment gap in Nigeria, a fiscally-burdened, developing country. A growing energy infrastructure investment gap is an imminent concern in Nigeria, like in many developing countries, and has been precipitated by financial and economic challenges. This research sheds light on two critical problems associated with the conventional infrastructure financing instruments in PPP: a. high risk of financial distress due to high debt gearing; and b. a substantial fiscal risk that endangers fiscal sustainability. Using a case study approach, the dissertation presents the case of Niger...

  • Economic_empowerment_of_women_exploring_financial_inclusion_economic_growth_Azima.pdf.jpg
  • PhD


  • Authors: Azima Khan (2021)

  • Women consist of almost half of the world’s population but are disadvantaged in all human development fields. They face barriers in access to valued resources which include education, health, employment, access and ownership of land, banking and finance. Despite recent advances in important aspects of the lives of girls and women, pervasive challenges remain, most often as a result of widespread constraints which often violate women's basic human rights. These differences matter as they directly affect economic outcomes. We therefore make the economic empowerment of women the focus of this study. Research on women’s economic empowerment can be approached in several ways. We look at tw...

  • Consumer_financial_protection_in_Islamic_banking_Mace Abdullah.pdf.jpg
  • PhD


  • Authors: Mace Abdullah (2021)

  • Islamic banks (“IB”) are predominant institutions of Islamic Finance (“IF”) worldwide. Consumers are key stakeholders in IBs. The central objective of this research is to study consumer financial protection (“CFP”) in IBs. The presence of conduct risk (“CR”) in the form of reputational damage, monetary awards, costs and fines, emanating from grievances, claims and disputes between IBs and their consumers is indicated as resulting from laxity in CFP. As with conventional banks (“CB”), lax CFP in IBs results in CR due to various forms of misconduct, whether intentional, negligent or inadvertent. However, in IBs, lax CFP may also result in CR due to “tensions” in Shari'ah governance (“SG...

  • Capital_structure_theory_revisited_Fareiny Morni.pdf.jpg
  • PhD


  • Authors: Fareiny Morni (2022)

  • In the Islamic finance capital market spectrum, the potential of mudharabah and musyarakah sukuk is hampered with criticism by Shariah scholars. Among the criticisms include the presence of uncertainties surrounding sukuk returns, the risk of losses that the rabbul-mal (investors) have to bear, and the need to mitigate agency costs (for mudharabah contracts). This have made it a deterrent for both issuers and investors in seeing the instrument as a viable alternative to debt-based sukuk structures. This study proposes an improvement to musyarakah sukuk. It begins with a qualitative examination of the structure of corporate mudharabah and musyarakah sukuk issued in Malaysia. The examin...

  • The_impact_of_bank_competition_on_financial_intermediation_cost_in_dual_banking_system_Mhd Osama.pdf.jpg
  • PhD


  • Authors: Mhd Osama Alchaar (2022)

  • This thesis examines the relationship between bank competition and financial intermediation cost in the dual banking system. In literature, such relationship has been substantially studied for the conventional banking system. Yet, exploring it in dual system is still missing. This examination is important for two main reasons. First, the changing market structure within the dual banking jurisdictions and its sequences on various banking aspects. Second, the high intermediation cost of Islamic banks compared to their conventional peers, which is well documented in literature, and the possible role of changes in market structure on such cost. By leveraging on a sample of 387 commercial ...

  • Insolvency_regime_for_Islamic_banks_in_Malaysia_Ahmad Hidayat.pdf.jpg
  • PhD


  • Authors: Ahmad Hidayat Md Nor (2022)

  • It is presumed that banks including Islamic banks (IB) are too big to fail. Despite the evidence to the contrary, this presumption is still predominant. The evidence shows that the consequences of banks insolvency is part and parcel of the business risk involving banks, albeit it can be prevented or mitigated with sound insolvency regime. The objectives of this research are to: explore the concept of insolvency under Shari'ah; examine the insolvency regime applicable to IB in Malaysia; study the instances in which Islamic financial institutions (IFI) have been insolvent and insolvency framework applied in actual cases of failed IFI; and find out the compatibility of current insolvency...

  • An_empirical_study_of_the_oscillator_option_pricing_model_Imene Nouar.pdf.jpg
  • PhD


  • Authors: Imene Nouar Tabet (2021)

  • The option pricing model introduced by Black-Scholes in 1974 gained wide acceptance for its simplicity but was inefficient in pricing options as it relied on implied volatility. Despite the evolution of various versions of option pricing models since their seminal work, little progress had been documented on the use of implied volatility, leaving Black-Scholes to be a mathematical identity to calculate the instantaneous implied volatility as it fails to be an efficient pricing equation. Although interpreted as market expectation of future volatility of stocks, implied volatility is literally a black box that captures market information that is not specifically known yet also internall...

  • Monetary_policy_and_Islamic_banking_stability_Ndeye Djiba.pdf.jpg
  • PhD


  • Authors: Ndeye Djiba Ndiaye (2021)

  • The COVID-19 pandemic has exposed the fragilities in our economies. Central banks across the globe have been called on to protect and maintain global economic and financial system stability. One way they have done so is through unprecedented policy actions, including easing monetary policy across the globe by cutting policy rates to provide ample liquidity to core funding markets and maintain the flow of credit. Indeed, many advanced economies have kept rates to historic lows and half of the central banks in emerging markets and lower income countries have also cut policy rates (Adrian & Natalucci, 2020). This is reminiscent of the exceptionally loose monetary conditions maintained in...

  • item.jpg
  • PhD


  • Authors: Prachaya Suwanhirunkul (2021)

  • This thesis investigates the determinants and impact of short-term capital flow in the 33 OIC countries from 2000 to 2018 and bridges the understanding between both literature strands. The short-term capital flows are divided into gross inflows, outflows, and extreme episodes, analyzed under the push-pull framework. The empirical approaches for exploring the determinants of short-term capital flows consist of panel static and dynamic LSDV and probit models. Additional analysis controlling for Lucas's paradox conditions provides more insights and robustness. The study then analyzes their impact on economic growth (GDP), conventional, and Islamic stock markets. The study employs time-se...

  • item.jpg
  • PhD


  • Authors: Rashid Mansoor (2021)

  • The first objective of our study is to investigate how financial inclusion moderates the impact of crisis on income inequality. We treat financial inclusion as a potential moderating variable because it has the potential to impact income inequality both directly (through favourable labour market and employment effects) and indirectly (by inducing saving, impacting financial stability, and leading to growth, etc.). The empirical analysis is done using System GMM on a dynamic panel of 150 countries, spanning the period 1980-2018, for systemic banking and currency crises. Our results indicate that crises in general have an adverse distributional impact that is in some ways moderated by c...

  • Empirical_analysis_of_pricing_model_for_corporate_bonds_with_stochastic_coupons_Mahmudul Karim.pdf.jpg
  • PhD


  • Authors: Muhammad Mahmudul Karim (2021)

  • This study empirically investigates the stochastic corporate coupon bond pricing model proposed by Baaquie (2020b) and the pioneering structural risky bond pricing model proposed by Merton (1974). Merton's risky zero-coupon bond pricing model is converted into a portfolio of zeros to study corporate coupon bonds. The seminal work of Merton (1974) is considered as the backbone of corporate bond pricing. Merton's model is based on the generalization of Black and Scholes (1973) option pricing theory. The coupon bond pricing model, proposed by Baaquie (2020b), is based on Merton's bond pricing theory, but coupons are stochastic. Hence, we can call it a stochastic coupon bond pricing model...

  • The_impact_of_financial_liberalization_of_prosperity_in_OIC_countries_Wan Mohd Kamal.pdf.jpg
  • PhD


  • Authors: Wan Mohd Kamal Wan Omar (2021)

  • Many studies have affirmed that financial liberalization leads to higher output growth, yet the effect of financial liberalization on prosperity is ambiguous. The most common measurement to study prosperity is the GINI index, which is a single-dimensional index based on GDP. WEF2018 reported that global income inequality has steadily widened with 82 percent of all wealth created by only one percent of the world's richest countries. Therefore, this study uses the Legatum Prosperity Index, which is more comprehensive based on additional factors such as wealth, education, well-being, and health. This study focuses on OIC countries considering their impressive growth in Islamic finance. O...

  • Ethical_issues_in_profit_rate_charges_in_Islamic_debt_financing_Mahmudul Haque.pdf.jpg
  • PhD


  • Authors: Md. Mahmudul Haque (2021)

  • In past thirty years, Islamic banking has established itself in the global market as an alternative method of financing to interest-based financing. Most of Islamic financing products are formulated on debt financing contract such as murabaha and tawaruq contracts where elements of interest, ambiguities, gambling and impure commodities are duly avoided. While these contracts have complied with the fundamental principle of the Shariah, less attention is accorded to the pricing aspect of the contract especially in the setting of finance charges, namely profit rates on the facilities. While regulatory murabaha Shariah parameter defined the selling price of murabaha as a sum of the cost o...

  • item.jpg
  • PhD


  • Authors: Nazrul Hazizi Noordin (2021)

  • This study extends the bank ownership database of Claessens and van Horen (2015) to investigate the role of state-owned and foreign banks in the development of private credit markets in countries with a dual banking system. The enhanced database contains state and foreign ownership information of 1,038 banks operating in 29 countries, categorised as either Islamic or non-Islamic. To begin, this study uses the database to identify the bank ownership patterns in the dual banking countries. The data reveals that the ownership structure of the Islamic banking industry changes in a different manner from that of their conventional counterpart. More specifically, it shows that, in line with ...

  • Promoting_shared_prosperity_in_developed_developing_countries_on_sustainable_development_concept_via_Islamicity_Prosperity_Index_Nor_Hazila.pdf.jpg
  • PhD


  • Authors: Nor Hazila Ismail (2020)

  • Greater inequalities and social exclusion are reckoned to be the results of economic growth which led the World Bank to set the new goal, to end extreme poverty and promote shared prosperity. Interestingly, the approach of the contemporary solution is largely in consonance with the objectives of the Shari'ah. Realizing the importance of this agenda, a bold attempt is made in this study to quantify and visualize 'prosperity sharing' in 28 developed countries and 14 developing countries by reshaping the sustainable development concept from an Islamic perspective. The four pillars of prosperity namely Faradh (social responsibility), Shura (social participation), Al Adl Wal Ihsan (social ...

  • The_human_development_link_between_financial_development_poverty_and_income_inequality_Maizura.pdf.jpg
  • PhD


  • Authors: Maizura Md Isa (2021)

  • Poverty and income inequality are the two of the most pertinent global challenges facing the world economy today. Despite many attempts aimed at combating poverty and income inequality, the problem still persists. It takes more than monetary value to eradicate poverty and reduce income inequality, for the outcome would depend very much on the capabilities of the poorer segments of society. The world needs inclusive growth to ensure that the benefits of economic growth are equitably distributed across society. This research empirically investigates into the impact of financial development on poverty reduction and income inequality. However, the inconclusiveness of this relationship in ...

  • PhD_Developing_and_examining_sustainability_business_model_for_Omani_MSMEs_Fatin.pdf.jpg
  • PhD


  • Authors: Fatin Said Juma Al Zadjali (2019)

  • Sustainability has become an emerging topic that shapes how firms strategize to secure better business opportunities and financial performance. The recent increase in the number and market share of Environmental Social and Governance (ESG) and sustainable oriented firms whether large or small has intensified competition in this new industry. However, whether it pays to be sustainable in all market types is yet to be determined. The term 'one size fits all' does not apply to sustainability, since there are complexities that require addressing. The complexity of developing a model that is suitable enough to be called sustainable and legitimate enough to matter still requires intense del...

  • PhD_Determinants_demand-side_intention_use_Islamic_home_financing_supply-side_challenges_Zulfiqar.pdf.jpg
  • PhD


  • Authors: Zulfiqar Ali Khan (2019)

  • The aim of this research is to examine the issues and challenges of the Islamic home financing market Afghanistan as the country is facing substantial housing shortage due to its growing population and unavailability of land in the major cities where unclear land titles, lack of legal and regulatory frameworks, absence of national housing policies and foreclosure laws constituted major barriers. These problems are compounded with the lack of supply of housing finance and people's low financial capacity to take bank loans and financing. This study first examines the current Islamic banking legal and regulatory framework ...

  • item.jpg
  • PhD


  • Authors: Abdullaah Jalil (2019)

  • Shariah compliance is the core of Islamic finance and it is the most significant feature for any Islamic financial institutions. It is the very objective of Islamic financial institutions in all their operations, products and affairs. With the enforcement of IFSA 2013, penalties and consequences of not following Shariah compliance can be severe. Notwithstanding all the efforts that have been taken to strenghten the Shariah compliance framework and mitigate the occurrence of Shariah non-compliance at the Malaysian Islamic banking institutions, incidences of Shariah non-compliance do still emerge and materialise. Thus, this study is an effort to examine the subject of Shariah non-compli...

  • Phd_Role_multinational_banks_international_transmission_financial_shocks_dual_banking_system_Naseem.pdf.jpg
  • PhD


  • Authors: Naseem Bukhari (2020)

  • In the last two decades, financial integration and financial liberalization has resulted into proliferation of multinational banks across the globe. This augmenting growth in multinational banking is proclaimed to enhance financial stability in host countries as they bring about competitiveness and efficiency, introduce best governance practices, superior risk management techniques, product innovation,and above all have parental support at their disposal in times of financial distress. However, at the same time these multinational banks with significant market share can destabilize host economies as they may not only intensify their domestic crises but may also become a source of tran...

Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 114