By Muhammad Ayub Abstract The global economy is facing a deep downturn as a result of the crisis. It was due to excessive ability to create money and credit for earning increasing profits without creating anything of value for use by the mankind. The system needs radical change in the approach, principles and the operation […]
By Nabi Alduwaila Abstract The aim of this paper is to find out whether there are any significant demographic differences among the clients of the three Kuwaiti Islamic banks: Kuwait Finance House; Kuwait International Bank and Boubyan Bank. The demographic variables obtained by the survey include sex, age, income, level of education, profession and nationality. […]
By: Dr. Abdullah Mohammed Seidu Journal of Islamic Banking & Finance Oct-Dec 2009 Abstract This paper describes the Islamic concepts of employer-employee relationship, in line with the teachings of the Quran and Hadith {the tradition of the Prophet (PBUH)}. In addition, this paper discusses how these concepts can help in achieving a smooth and harmonious […]
By: Munawwar Ali Kartio Journal of Islamic Banking & Finance July-Sept 2009 Abstract Islam emphasis justice and equity in all spheres of human society and refrains from all sorts of exploitation in financial dealings. It encourages active participation in economic activity instead of earning money on utilization of money. Islam allows freedom in economic activities with […]
By: Waheed Akhter Journal of Islamic Banking & Finance July-Sept 2009 Abstract Insurance plays an important role in the overall development of the economy by mobilizing long-term funds and serving as a major institutional investor for the capital and money market instruments. Yet the concept of insurance has been misunderstood and misinterpreted by Islamic scholars […]
By: Hanudin Amin Journal of Islamic Banking & Finance July-Sept 2009 Abstract This study is aimed to explore the influence of religion and pricing on Islamic hire purchase. Owing to this fact, the study is also proposed a model that would serve as a basis for all new researches in the area of Islamic finance. To […]
(Case of Indonesia) By: Rifki Ismal Journal of Islamic Banking & Finance April-June 2009 Abstract Islamic banking industry is so prospective over the years. Although depositors mainly locate their funds in long-term deposit but their investment motive is not for long-term perspective, rather it is for regular transactions followed by expectation for short-term return. Islamic banks […]
By: Habibullah Khan, PhD Omar K M R Bashar, PhD Journal of Islamic Banking & Finance April-June 2009 Abstract Islamic banking and finance has been expanding rapidly since its launch in the 1970s. The major market for the industry is typically the Middle East and it is gaining popularity in the UK, USA and Southeast Asia. […]
By: Munawwar Ali Kartio Under Supervision of Prof Dr. Iqbal Ahmed Panhawar Journal of Islamic Banking & Finance April-June 2009 Abstract This research investigates the Global financial crisis and its impact on the Islamic Banking sector in Pakistan. The data was collected from annual reports of banks and SBP quarterly bulletin. The results showed that from […]
By: MEHBOOB UL HASSAN Journal of Islamic Banking & Finance Jan-Mar 2009 Abstract More than half century after Pakistan’s independence, Small and Medium Enterprises continues to face the inadequate financing from traditional financing institutions; rather this sector is key player in economic development and social prosperity. This paper aims to further highlight the significance of […]