Newsletter & Bulletin : [69]

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Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 69
  • classical_zakat_modelling_blockchain_ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mahomed, Ziyaad (2018)

  • As the third pillar of Islam, zakat has a 1,400-year-old history in reducing inequality and redistributing wealth to at least, the deserving Qur'anic recipients (Al Qur'an, 9:60). Understood as an obligatory command, zakat appears no less than 58 times in the primary source of Islamic law, 26 times along with prayer, for instance: "So establish Salat and give Zakat, and hold fast to Allah" (Al-Qur'an 22:78). All Muslims who meet a minimum threshold of zakatable assets (nisab) are required to pay zakat annually. The oft-repeated conundrum however, is if the Zakat institution was so deeply entrenched in the Islamic law, why then do so many continue to suffer from poverty and malnutritio...

  • reality_check_slow_progress_digital_transformation_Islamic_social_finance_ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mahomed, Ziyaad (2019)

  • It is true that significant progress in poverty alleviation and social empowerment has been made over the last 30 years. For OIC member states, the percentage of the population living below the poverty line has decreased by almost half, from 41.1% in 1990 to 22.4% in 2011. However, as populations increase, the number of people suffering from hunger, malnutrition and disease remains considerable. The OIC 2025 Programme of Action stresses, in Article 1.6, that Member States must transform their approach through "effective utilization of Islamic social finance (Zakat, Waqf) at national and intra-OIC level" in order to address poverty. It is quickly forgotten that the celebrated 17 social...

  • item.jpg
  • Newsletter & Bulletin


  • Authors: Mahomed, Ziyaad; Jamaluddin, Asmah Nabila (2019)

  • Islamic social finance (ISF) tools have been instrumental in alleviating poverty as they promote fairness in the distribution of wealth in society. For Malaysia, when effectively mobilised, such instruments are expected to create a significant positive impact on both socio-economic situation and Malaysia's economic growth in general. As an impact-focused technique, community investment through cash Waqf for example, has potential to support those that are less advantaged and provide entrepreneurial assistance through asset purchases and working capital needs. To this end, we present a model of Islamic social finance based on the 'Central Halal Kitchen' concept, using e-hailing deliver...

  • item.jpg
  • Newsletter & Bulletin


  • Authors: Abdul Kareem, Mohamed Ariff (2019)

  • Without a doubt, Islamic finance has increasingly became an integral part of the global financial system, with Islamic banking playing a lead role in this new trajectory in many parts of the world. Islamic banking assets, deposits and financing have been growing at double-digit pace annually. In recent times, Islamic banking has attracted much international attention, especially in the aftermath of the global financial crisis of 2007-2008 which showed that Islamic banks are generally more stable than their conventional peers, althought empirical evidence is admittedly mixed ...

  • evolution_of_waqf_practices_magda.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ismail Abdel Mohsin, Magda (2019)

  • Waqf (plural awqaf) is a continuous charitable endowment given away for the goodwill. Once created, it must stay permanently to finance different needs for the next generation. Waqf can be defined as "the confinement of a property (movable or immovable) by a founder(s) and the dedication of its usufruct in perpetuity for the wellbeing of societies for generations to come". The inherent perpetuity of waqf gives its flexibility to accommodate the arising needs of Muslim societies throughout centuries. As such, it is seen as an institution with an immense potential for economic and social reform (MIFC, 2015).

  • big_data_analytics_kinan et al.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Salim, Kinan; Alchaar, Mhd Osama; Noushad, Neha Sarah (2019)

  • As the Fintech evolution transforms the banking sectors worldwide, the players in the market are hard-pressed to experiment the tremendous opportunities that the application of the likes of Blockchain, Big Data and Artificial Intelligence et cetera would have on the financial world. As the volume of the data continue to expand, the possibilities that this raw data materializes in the form of opportunities lean towards limitless. Organizations such as financial institutions must be vigilant of the prospects that such data can reveal and the extend of leverage that they can exercise to build insights for their consumers, products, and services. Big data analytics have alone become the d...

  • rice_atms_technology_based_innovations_aishath.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Muneeza, Aishath (2019)

  • In this February, it was announced that The Federal Territories Islamic Religious Department (JAWI) hopes to install "Rice ATM machines" at 85 mosques in the Federal Territory to facilitate its 23,000 asnaf or tithe recipients (Bernama, 2019). It is reported by Bernama (2019) that the cost of this machine is RM19,000 and is the first in the country and it has two functions, namely to give out rice supply in desired quantity and has a donation box to receive funds from the public. On February 15th, first rice ATM machine was installed at Al-Akram Mosque in Kampung Datuk Keramat.

  • item.jpg
  • Newsletter & Bulletin


  • Authors: Jamaludin, Fathaiya; Ismail Abdel Mohsin, Magda; Benhadria, Mokhtar (2018)

  • Today, teaching and learning environment extends beyond the walls of the traditional classroom. Advances in technology have made it possible for new possibilities and opportunities in open and distance learning. The modern education industry across the world has recognized the need to incorporate digital technology into the classroom and course curriculum. On that note, the skills needed to be successful today, therefore, (Partnership for 21st Century Learning, 2007) are much different than those expected a decade ago.

  • CIAWM_Issue3_islamic_social_finance_investment_imperative_ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mahomed, Ziyaad (2017)

  • The rapid growth of global Islamic wealth and asset management has contributed to the establishment of a niche market based on the Islamic finance paradigm of interest-free, transparent, profit and loss sharing and mutually beneficial contracts. However, Islamic wealth and finance has been criticized for converging into conventional practices rather than its core principles of socio-economic empowerment and justice. The capitalist attributes of profit maximization without the ethical and moral boundaries has pervaded this industry that was supposed to espouse the ethical and socio-economic tenets as its value prepositions for its future growth and survival. There is an emerging trend ...

  • CIAWM_Issue3_shariah_and_social_responsible_in_the_US_zaheer.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Anwer, Zaheer (2017)

  • In recent years, there has been a notable increase in investor consideration for religiosity and/or ethics in investment decision making it a class of investments in its own right and an important input in portfolio selection decisions. Investment decisions are governed not only by factors including investor anticipation of future economic, geo-political trends, social changes and investment timing but also religion or belief system. The religiosity and/or ethical practices prompt investors to discard so-called 'sin stocks' and limit their investment horizons to permissible investment alternatives.

  • CIAWM_Issue3_does_diversification_improve_bank_performance_in_dual_banking_systems_mirzet.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Seho, Mirzet (2017)

  • Conventional intermediation theories argue that imperfections in financial markets are raison d'etre for financial intermediaries such as banks. Islamic banks are no different from their conventional counterparts in this regard as they too perform similar intermediary functions. However, unlike their conventional counterparts, the principles of Islamic banks are different as they are operated on Shariah-based precepts of riba avoidance and risk sharing. In practice, however, Islamic banks are claimed to be likened to conventional banks, which raises concerns about possible convergence of these two banking systems over time.

  • CIAWM_Issue3_risky_bonds_and_futures_asset_pricing_belal_yu.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Baaquie, Belal E.; Miao, Yu (2017)

  • The global bond market is the main component of the capital market, being about three times larger than the global equity markets. In 2009, the global bond market (total outstanding debt) was estimated to be $82.2 trillion; the US dominated the bond market with th outstanding U.S. bond debt at approximately $35.2 trillion. Risk-free forward interest rates - and their realization by US Treasury bonds as the leading exemplar - have been studied extensively. The bond market considers US Treasury bonds as being risk-free instruments and consequently have the lowest yields.

  • CIAWM_Issue3_corporate_ethical_identity_disclosure_anouar.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Gadhoum, Mohamed Anouar (2017)

  • The importance of ethics in the corporate world has received much attention in the 21st century, after a series of major financial fiascos. In fact, most of the performance of companies in the market have a new dimension of qualitative analysis besides the usual financial analysis that generate quantitative information to ascertain their performance (Guthrie and Farneti, 2008). Dhaliwal et al. (2011) point out that greater disclosure and transparency alighned with non-financial disclosures (social, ethical and environmental) play a complimentary role to financial transparency, leading to lower analyst forecaset errors. Therefore, a more objective assessment of expected financial perfo...

  • CIAWM_Issue3_Practice_of_musharakah_mutanaqisah_at_Malaysian_Islamic_banks_Zulkarnain_Shamsher_Alam.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Asadov, Alam (2017)

  • Among many permissible Islamic finance products, Musharakah or the partnership contract was put forward as a true representation of the PLS concept in the late 1970s. However, due to challenges to fully implement this type of contract in practice, practitioners have improvised a more practical version of the partnership contract termed Musharakah Mutanaqisah (MM) (or Diminishing Partnership). Currently, Musharakah Mutanaqisah is applied in home financing by Islamic banks and proposed as a replacement for Bai Bithaman Ajil and Bay al Inah in Malaysia. Despite the increasing popularity of MM in home financing in the Malaysian Islamic banking industry, there are issues in the way the Isl...

  • IFHubEd7_Islamic_finance_and_sustainable_economy_Rafique.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Merican, Mohamed Rafique (2017)

  • Sustainability is best defined as meeting the present needs without compromising the ability of future generations to meet these needs. Sustainable economy is part of this larger drive aiming at balancing economic development, social equality and environmental protection and spur prosperity that spans across generations. In recent years, the global financial sector had seen many instances where financial malpractices had led to economic loss, often involving collateral damage of the innocent. Notably, the advent of the 2008 financial crisis serves as a stark reminder regarding the dangers of financial mismanagement.

  • CIAWM_Issue3_Market_timing_and_selection_skills_of_fund_managers_Wajahat_Shamsher_Eskandar.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Naeem Azmi, Choudhari Wajahat; Ramadili Mohd, Shamsher Mohamad; Mohd Rasid, Mohamed Eskandar Shah (2017)

  • We assess the managerial skills of globally invested 686 ethical funds taking into consideration the macroeconomic efficiency and fund inflows/outflows. It was observed that managers exhibit negative selection and market timing skills but no consistent pattern for style timing. A cursory glance at the literature indicates little support for superior managerial abilities, especially in terms of timing skills. Notwithstanding, some have highlighted the importance of including fund flows in the traditional models and argue that excluding it can lead to spurious timing skills (Bollen and Busse, 2001). The findings indicate that the investors increase their exposure to funds during a bulli...

  • IFHubEd5_on_the_dynamic_links_between_commodities_and_Islamic_equities_Ruslan_Mustafa_Koen_Adam.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Nagayev, Ruslan; Disli, Mustafa; Inghelbrecht, Koen; Ng, Adam Boon Ka (2017)

  • Have commodities and equity become a "financialized market of one"? Is such oneness persistent? Do diversification benefits still exist? Evidence behind these enquiries offers important insights for policymakers, governments, traders and investors, and constitutes the main motivation for this paper. To assess the viability of commodities as an alternative asset class for Islamic equity investors, we present evidence on the extent to which returns in commodities and Islamic equity markets move in sync in both time and frequency domains. Our findings reveal that, throughout the January 1999-April 2015 period, correlations between commodities and Islamic equity were highly volatile and t...

  • IFHubEd5_income_inequality_reduction_magda.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ismail Abdel Mohsin, Magda (2017)

  • According to the World Bank Statistics (2012) more than 80% of the world's population live in countries where income inequality is very wide. The latest Oxfam report shows that the richest 1% of the world population holds over 50% of the world's wealth. This means that 62 richest people own an estimated wealth of US$1.76 trillion which is equivalent to the wealth of 3.5 billion people who make the poorest half of the world population (2015). The failure of the capitalist system in reducing this income inequality encourages economists to provide justification for this huge gap between the rich and the poor. Some economists believe that the main causes of this income inequalities is due...

  • IFHubEd5_the_impact_of_competition_on_banks_efficiency_Kinan_Mansor_Baharom.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Salim, Kinan; Ibrahim, Mansor H.; Abdul Hamid, Baharom (2017)

  • Islamic banking industry has unprecedentedly witnessed a rapid growth since its inception four decades back in the late 1970s. However, the prospect of this flourishing industry is fast becoming gloomy in recent years. The growth of Islamic banking almost matches the conventional banking, and their products are hardly distinguishable. Although the market growth slows down in the aftermath of the global financial crises in 2008, the Islamic banking market has witnessed increasing competition. Islamic banks become more competitive and they managed to increase their market share meanwhile, conventional banks have successfully responded to the challenge by launching Islamic windows and su...

  • IFHubEd7_inclusion_faith_based_financial_islamic_social_finance_magda_aishath.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Magda, Ismail Abdel Mohsin; Muneeza, Aishath (2017)

  • In 2015, countries adopted 17 Sustainable Development Goals (SDGs), to comprehend the partial success of the Millennium Development Goals (MDGs) of 2000-2015, in achieving its agenda and ending all forms of poverty by 2030. One of the main objective of the SDGs is that, ending poverty must go hand-in-hand with strategies that build economic growth and addresses a range of social needs including education, health, social protection, and creating job opportunities, while tackling climate change and environmental protection. The beauty of this new SDGs involve almost all countries, all people, partners, stakeholders, shareholders, governments, multilaterals, the private sector and the ci...

Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 69

Newsletter & Bulletin : [69]

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 69
  • classical_zakat_modelling_blockchain_ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mahomed, Ziyaad (2018)

  • As the third pillar of Islam, zakat has a 1,400-year-old history in reducing inequality and redistributing wealth to at least, the deserving Qur'anic recipients (Al Qur'an, 9:60). Understood as an obligatory command, zakat appears no less than 58 times in the primary source of Islamic law, 26 times along with prayer, for instance: "So establish Salat and give Zakat, and hold fast to Allah" (Al-Qur'an 22:78). All Muslims who meet a minimum threshold of zakatable assets (nisab) are required to pay zakat annually. The oft-repeated conundrum however, is if the Zakat institution was so deeply entrenched in the Islamic law, why then do so many continue to suffer from poverty and malnutritio...

  • reality_check_slow_progress_digital_transformation_Islamic_social_finance_ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mahomed, Ziyaad (2019)

  • It is true that significant progress in poverty alleviation and social empowerment has been made over the last 30 years. For OIC member states, the percentage of the population living below the poverty line has decreased by almost half, from 41.1% in 1990 to 22.4% in 2011. However, as populations increase, the number of people suffering from hunger, malnutrition and disease remains considerable. The OIC 2025 Programme of Action stresses, in Article 1.6, that Member States must transform their approach through "effective utilization of Islamic social finance (Zakat, Waqf) at national and intra-OIC level" in order to address poverty. It is quickly forgotten that the celebrated 17 social...

  • item.jpg
  • Newsletter & Bulletin


  • Authors: Mahomed, Ziyaad; Jamaluddin, Asmah Nabila (2019)

  • Islamic social finance (ISF) tools have been instrumental in alleviating poverty as they promote fairness in the distribution of wealth in society. For Malaysia, when effectively mobilised, such instruments are expected to create a significant positive impact on both socio-economic situation and Malaysia's economic growth in general. As an impact-focused technique, community investment through cash Waqf for example, has potential to support those that are less advantaged and provide entrepreneurial assistance through asset purchases and working capital needs. To this end, we present a model of Islamic social finance based on the 'Central Halal Kitchen' concept, using e-hailing deliver...

  • item.jpg
  • Newsletter & Bulletin


  • Authors: Abdul Kareem, Mohamed Ariff (2019)

  • Without a doubt, Islamic finance has increasingly became an integral part of the global financial system, with Islamic banking playing a lead role in this new trajectory in many parts of the world. Islamic banking assets, deposits and financing have been growing at double-digit pace annually. In recent times, Islamic banking has attracted much international attention, especially in the aftermath of the global financial crisis of 2007-2008 which showed that Islamic banks are generally more stable than their conventional peers, althought empirical evidence is admittedly mixed ...

  • evolution_of_waqf_practices_magda.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ismail Abdel Mohsin, Magda (2019)

  • Waqf (plural awqaf) is a continuous charitable endowment given away for the goodwill. Once created, it must stay permanently to finance different needs for the next generation. Waqf can be defined as "the confinement of a property (movable or immovable) by a founder(s) and the dedication of its usufruct in perpetuity for the wellbeing of societies for generations to come". The inherent perpetuity of waqf gives its flexibility to accommodate the arising needs of Muslim societies throughout centuries. As such, it is seen as an institution with an immense potential for economic and social reform (MIFC, 2015).

  • big_data_analytics_kinan et al.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Salim, Kinan; Alchaar, Mhd Osama; Noushad, Neha Sarah (2019)

  • As the Fintech evolution transforms the banking sectors worldwide, the players in the market are hard-pressed to experiment the tremendous opportunities that the application of the likes of Blockchain, Big Data and Artificial Intelligence et cetera would have on the financial world. As the volume of the data continue to expand, the possibilities that this raw data materializes in the form of opportunities lean towards limitless. Organizations such as financial institutions must be vigilant of the prospects that such data can reveal and the extend of leverage that they can exercise to build insights for their consumers, products, and services. Big data analytics have alone become the d...

  • rice_atms_technology_based_innovations_aishath.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Muneeza, Aishath (2019)

  • In this February, it was announced that The Federal Territories Islamic Religious Department (JAWI) hopes to install "Rice ATM machines" at 85 mosques in the Federal Territory to facilitate its 23,000 asnaf or tithe recipients (Bernama, 2019). It is reported by Bernama (2019) that the cost of this machine is RM19,000 and is the first in the country and it has two functions, namely to give out rice supply in desired quantity and has a donation box to receive funds from the public. On February 15th, first rice ATM machine was installed at Al-Akram Mosque in Kampung Datuk Keramat.

  • item.jpg
  • Newsletter & Bulletin


  • Authors: Jamaludin, Fathaiya; Ismail Abdel Mohsin, Magda; Benhadria, Mokhtar (2018)

  • Today, teaching and learning environment extends beyond the walls of the traditional classroom. Advances in technology have made it possible for new possibilities and opportunities in open and distance learning. The modern education industry across the world has recognized the need to incorporate digital technology into the classroom and course curriculum. On that note, the skills needed to be successful today, therefore, (Partnership for 21st Century Learning, 2007) are much different than those expected a decade ago.

  • CIAWM_Issue3_islamic_social_finance_investment_imperative_ziyaad.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Mahomed, Ziyaad (2017)

  • The rapid growth of global Islamic wealth and asset management has contributed to the establishment of a niche market based on the Islamic finance paradigm of interest-free, transparent, profit and loss sharing and mutually beneficial contracts. However, Islamic wealth and finance has been criticized for converging into conventional practices rather than its core principles of socio-economic empowerment and justice. The capitalist attributes of profit maximization without the ethical and moral boundaries has pervaded this industry that was supposed to espouse the ethical and socio-economic tenets as its value prepositions for its future growth and survival. There is an emerging trend ...

  • CIAWM_Issue3_shariah_and_social_responsible_in_the_US_zaheer.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Anwer, Zaheer (2017)

  • In recent years, there has been a notable increase in investor consideration for religiosity and/or ethics in investment decision making it a class of investments in its own right and an important input in portfolio selection decisions. Investment decisions are governed not only by factors including investor anticipation of future economic, geo-political trends, social changes and investment timing but also religion or belief system. The religiosity and/or ethical practices prompt investors to discard so-called 'sin stocks' and limit their investment horizons to permissible investment alternatives.

  • CIAWM_Issue3_does_diversification_improve_bank_performance_in_dual_banking_systems_mirzet.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Seho, Mirzet (2017)

  • Conventional intermediation theories argue that imperfections in financial markets are raison d'etre for financial intermediaries such as banks. Islamic banks are no different from their conventional counterparts in this regard as they too perform similar intermediary functions. However, unlike their conventional counterparts, the principles of Islamic banks are different as they are operated on Shariah-based precepts of riba avoidance and risk sharing. In practice, however, Islamic banks are claimed to be likened to conventional banks, which raises concerns about possible convergence of these two banking systems over time.

  • CIAWM_Issue3_risky_bonds_and_futures_asset_pricing_belal_yu.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Baaquie, Belal E.; Miao, Yu (2017)

  • The global bond market is the main component of the capital market, being about three times larger than the global equity markets. In 2009, the global bond market (total outstanding debt) was estimated to be $82.2 trillion; the US dominated the bond market with th outstanding U.S. bond debt at approximately $35.2 trillion. Risk-free forward interest rates - and their realization by US Treasury bonds as the leading exemplar - have been studied extensively. The bond market considers US Treasury bonds as being risk-free instruments and consequently have the lowest yields.

  • CIAWM_Issue3_corporate_ethical_identity_disclosure_anouar.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Gadhoum, Mohamed Anouar (2017)

  • The importance of ethics in the corporate world has received much attention in the 21st century, after a series of major financial fiascos. In fact, most of the performance of companies in the market have a new dimension of qualitative analysis besides the usual financial analysis that generate quantitative information to ascertain their performance (Guthrie and Farneti, 2008). Dhaliwal et al. (2011) point out that greater disclosure and transparency alighned with non-financial disclosures (social, ethical and environmental) play a complimentary role to financial transparency, leading to lower analyst forecaset errors. Therefore, a more objective assessment of expected financial perfo...

  • CIAWM_Issue3_Practice_of_musharakah_mutanaqisah_at_Malaysian_Islamic_banks_Zulkarnain_Shamsher_Alam.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Muhamad Sori, Zulkarnain; Ramadili Mohd, Shamsher Mohamad; Asadov, Alam (2017)

  • Among many permissible Islamic finance products, Musharakah or the partnership contract was put forward as a true representation of the PLS concept in the late 1970s. However, due to challenges to fully implement this type of contract in practice, practitioners have improvised a more practical version of the partnership contract termed Musharakah Mutanaqisah (MM) (or Diminishing Partnership). Currently, Musharakah Mutanaqisah is applied in home financing by Islamic banks and proposed as a replacement for Bai Bithaman Ajil and Bay al Inah in Malaysia. Despite the increasing popularity of MM in home financing in the Malaysian Islamic banking industry, there are issues in the way the Isl...

  • IFHubEd7_Islamic_finance_and_sustainable_economy_Rafique.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Merican, Mohamed Rafique (2017)

  • Sustainability is best defined as meeting the present needs without compromising the ability of future generations to meet these needs. Sustainable economy is part of this larger drive aiming at balancing economic development, social equality and environmental protection and spur prosperity that spans across generations. In recent years, the global financial sector had seen many instances where financial malpractices had led to economic loss, often involving collateral damage of the innocent. Notably, the advent of the 2008 financial crisis serves as a stark reminder regarding the dangers of financial mismanagement.

  • CIAWM_Issue3_Market_timing_and_selection_skills_of_fund_managers_Wajahat_Shamsher_Eskandar.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Naeem Azmi, Choudhari Wajahat; Ramadili Mohd, Shamsher Mohamad; Mohd Rasid, Mohamed Eskandar Shah (2017)

  • We assess the managerial skills of globally invested 686 ethical funds taking into consideration the macroeconomic efficiency and fund inflows/outflows. It was observed that managers exhibit negative selection and market timing skills but no consistent pattern for style timing. A cursory glance at the literature indicates little support for superior managerial abilities, especially in terms of timing skills. Notwithstanding, some have highlighted the importance of including fund flows in the traditional models and argue that excluding it can lead to spurious timing skills (Bollen and Busse, 2001). The findings indicate that the investors increase their exposure to funds during a bulli...

  • IFHubEd5_on_the_dynamic_links_between_commodities_and_Islamic_equities_Ruslan_Mustafa_Koen_Adam.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Nagayev, Ruslan; Disli, Mustafa; Inghelbrecht, Koen; Ng, Adam Boon Ka (2017)

  • Have commodities and equity become a "financialized market of one"? Is such oneness persistent? Do diversification benefits still exist? Evidence behind these enquiries offers important insights for policymakers, governments, traders and investors, and constitutes the main motivation for this paper. To assess the viability of commodities as an alternative asset class for Islamic equity investors, we present evidence on the extent to which returns in commodities and Islamic equity markets move in sync in both time and frequency domains. Our findings reveal that, throughout the January 1999-April 2015 period, correlations between commodities and Islamic equity were highly volatile and t...

  • IFHubEd5_income_inequality_reduction_magda.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Ismail Abdel Mohsin, Magda (2017)

  • According to the World Bank Statistics (2012) more than 80% of the world's population live in countries where income inequality is very wide. The latest Oxfam report shows that the richest 1% of the world population holds over 50% of the world's wealth. This means that 62 richest people own an estimated wealth of US$1.76 trillion which is equivalent to the wealth of 3.5 billion people who make the poorest half of the world population (2015). The failure of the capitalist system in reducing this income inequality encourages economists to provide justification for this huge gap between the rich and the poor. Some economists believe that the main causes of this income inequalities is due...

  • IFHubEd5_the_impact_of_competition_on_banks_efficiency_Kinan_Mansor_Baharom.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Salim, Kinan; Ibrahim, Mansor H.; Abdul Hamid, Baharom (2017)

  • Islamic banking industry has unprecedentedly witnessed a rapid growth since its inception four decades back in the late 1970s. However, the prospect of this flourishing industry is fast becoming gloomy in recent years. The growth of Islamic banking almost matches the conventional banking, and their products are hardly distinguishable. Although the market growth slows down in the aftermath of the global financial crises in 2008, the Islamic banking market has witnessed increasing competition. Islamic banks become more competitive and they managed to increase their market share meanwhile, conventional banks have successfully responded to the challenge by launching Islamic windows and su...

  • IFHubEd7_inclusion_faith_based_financial_islamic_social_finance_magda_aishath.pdf.jpg
  • Newsletter & Bulletin


  • Authors: Magda, Ismail Abdel Mohsin; Muneeza, Aishath (2017)

  • In 2015, countries adopted 17 Sustainable Development Goals (SDGs), to comprehend the partial success of the Millennium Development Goals (MDGs) of 2000-2015, in achieving its agenda and ending all forms of poverty by 2030. One of the main objective of the SDGs is that, ending poverty must go hand-in-hand with strategies that build economic growth and addresses a range of social needs including education, health, social protection, and creating job opportunities, while tackling climate change and environmental protection. The beauty of this new SDGs involve almost all countries, all people, partners, stakeholders, shareholders, governments, multilaterals, the private sector and the ci...

Collection's Items (Sorted by Submit Date in Descending order): 1 to 20 of 69