By Bukhari M. S. Sillah Abstract This paper reviews the comparisons between asset-backed and asset-based Sukuk using a number of criteria including Islamic contract principles and return types. Based on contract principle, asset-based Sukuk are found to account for 62% of global Sukuk and asset-backed 19%. Based on return type criterion, asset-based Sukuk constitute 98% of […]
By Zubair Hasan Abstract In my latest article on Islamic home financing models in the ISRA Journal, June 2013,I had shown that the Zubair Diminishing Balance Model (ZDBM) does not involve compounding of return and the transfer of ownership to the customer perfectly matches the payments’ rate; the two norms of Islamic models must meet. It […]
By Malik Shahzad Shabbir & Tasmia Matloob Abstract This paper proposes viable Shariah based alternate solutions to the privatization dilemma. Instead of privatization through outright sale of national assets, equivalent funds can be raised through long term Shariah structures without alienating national assets permanently. This will help safeguard public welfare and be in line with Maqsaid […]
By Mohd Ma’Sum Billah, PhD Abstract Sukuk, is the Shari’ah alternative to the bond practiced in the modern capital market. It had been significantly expanded for the last more than a decade by attracting both Muslim and non-Muslim participants with promising results thus, placing it to occupy more than 70% of the total Islamic financial market […]
By Abdelghani ECHCHABI and Dhekra AZOUZI Abstract The objective of this study is to highlight the current industry and research state of Islamic finance in North Africa, a region that has been late in applying Islamic finance. The study focuses on document analysis, in the form of library research (literature review). The reviewed literature revealed that […]
By Abdullah Ludeen Abstract Conventional theories have identified several factors which motivated the savers to save in conventional banks, but conceptually Islamic banks are different from their conventional counterparts. This study makes an attempt to empirically investigate whether the determinants of deposit in Islamic banks are significantly different from its conventional counterpart or otherwise. The ARDL […]
By Athirah Safea Jamaluddin, Nor Najwa Hanani Ilyas, Syukriah Ali, Najah Mokhtar & Kartini Kasim Abstract The main objective of this study is to determine the factors affecting banking efficiency and to compare bank efficiency between Islamic and conventional banks in Malaysia. A total of 16 Islamic banks and 27 conventional banks in Malaysia were analysed to […]
By Manzar Ali Khan, NazimahHussin, Wan Khairuzzaman, Wan Ismail and Jihad Mohammad Abstract The aim of this paper is to propose a conceptual framework to study and identify factors that influence the intention to adopt Islamic banking services in India. Islamic banking has evolved as a new reality in the international financial landscape in the recent past. Various […]
By Asad Zaman & Junaid Qadir Abstract If we try to figure out the most pressing economic problems in the world today, most concerned citizens would prioritize those problems relate to urgent societal welfare needs—e.g., feeding the hungry, housing the homeless, and treating the sick or disabled. But we find a huge mismatch between these objectives and […]
By Salman Ahmed Shaikh Abstract This paper is a humble attempt to discuss the minor proposals which are outside the mainstream Islamic finance in Pakistan. Some of the minor proposals like two-tier Mudarabah are not used widely because of lack of preparation, government incentives and initiatives at the practical level in the current scenario. Some other […]
