By Professor Emeritus Dr. Zubair Hasan Abstract Since the ill-conceived separation of finance from Islamic economics proper in the literature, the latter has landed in confusion and neglect. Of late, much concern is being voiced on this state of affairs; divergence of views on various aspects of the subject tends to grow, cohesive efforts are missing. […]
By Syed Ahmad Ali, Prof. Dr. Arif Hassan, Asst. Prof. Dr. Azura Omer ABSTRACT Purpose – The paper explored the need and role of Shariah training of Islamic banking employees in Pakistan. It also examined the effect of such training on employees’ commitment and attitude towards Islamic banking. Design/Methodology/Approach – The study used qualitative approach in which semi-structured […]
By Oussama Gafrej, Mouna Boujelbene Abbes Abstract This paper investigates the impact of specific banking factors and macroeconomic factors on banks’ liquidity of Islamic and conventional banks using generalized least squares (GLS). We show that Islamic banks hold more liquidity, can absorb the excessive withdrawal of funds and can pay its shorter maturity obligations better than conventional […]
By Haneffa Binti Muchlis Gazalia and Nabil Bellob Abstract: Purpose – This paper presents an introduction on retirement planning from the Islamic perspective. Most importantly, it points out the lessons of retirement planning from the Islamic primary sources, that is the Qur’an and the Hadith and also from the maqasid al-Shari’ah. Design/methodology/approach – A secondary methodology […]
By Muhammad Ali Shaikh Abstract: Conventionally project finance (PF) is limited recourse finance (LRF) based on non recourse to the sponsors and relies mainly on the project cash flows which closely resembles Modaraba. There are many things common such as project’s viability as investment criteria, monitoring by banks, non recourse to sponsors and management control. Key […]
By M. A. Rehman Shah1, A. Rashid2, M. Khaleequzzaman3 Abstract This study aims to explore the determinants of capital structure in the Islamic banking industry of Pakistan. It also aims at exploring the effects of macroeconomic conditions and policy variables on the financing decisions of Islamic banking industry. To do this, the study uses an […]
By Mohd Ma’Sum Billah, PhD and Yousef Abdullah Basodan, PhD Abstract Islamic Insurance (Takaful) which is similar to the conventional insurance has its own specific procedures and business discipline. It is governed in Malaysia by the Takaful Act 1984[1] and conventional Insurance Act 1963[2]. The Islamic Insurance (Takaful) and Insurance business are supervised by Bank Negara […]
By Muhammad Asghar Khan Abstract This study employs an asymmetric GARCH model to investigate the relative sensitivities of lending rates and their impact of bank stock return distribution. Bank returns are instruments of money market which are affected by lending rates. This study analyzed the instability of lending rates and their impact on the bank returns. […]
By Mohammed Syedul Islam, Md. Rafiqul Islam Rafiq Abstract Bangladesh Bank adopted various green banking initiatives to respond with global warming and ecosystem changes; particularly it circulated the green banking guidelines to all commercial banks of Bangladesh in 2011. Based on green banking practices, this paper aims to compare the performance of Islamic banks over […]
By Salman Ahmed Shaikh and Tahir Suleman Abstract A distinguishing feature of Islamic banking is the use of real assets in financing operations. The requirement to use real assets makes manufacturing sector an important market for Islamic banking financing operations. Manufacturing sector in Pakistan has had to cope up with surge in oil prices due to […]
