By Syed Munawar-Shah, Mariani Abdul-Majid, Zulkefly Abdul Karim, & AnowarZahid Abstract: According to advocates of Islamic banking, the Shari’ah compliant debt contracts are the right call in addressing both the issue of asymmetric information and ‘fairness and justice in contrast to the standard debt contract used in the conventional banking. In this paper, we discuss the […]
By Malik Shahzad Shabbir and Awais Ur Rehman Abstract: Service quality has become crucial to the banking institutions due to fierce competition. Banks may have their own environment specific barriers in procuring it. This study was the first-ever attempt to compare these barriers between Islamic and conventional banks. Primary data was collected through pretested adopted questionnaire, […]
By Yousef A Basodan, Mohd Ma’Sum Billah Abstract It is the common regulatory culture that, an annual audit is mandatory for every company, regardless of size, that is registered under the Saudi and Malaysian Companies Act. For this reason, the term ‘auditing’ is most commonly associated with the statutory audit of a company’s accounts or financial statements […]
By Dr. S Nazim Ali,Ph.D, Professor Shariq Nisar,Ph.D Abstract The global financial system has been under tremendous pressure due to recurring financial crises. With nearly every major economy affected, the cost of managing these crises has been enormous. Some studies have identified ethical failure as the root cause of these financial crises, while others have focused on […]
By Dr. Abdussalam Ismail Onagun Abstract Purpose: Sukuk (Islamic bonds) is an integral part of Islamic economics and finance. It is an excellent source of funding for governments or companies who are craving for Shariah compliant tools which can foster the economic growth. The governments around the globe have taken deep interest in issuing and promoting […]
By Abdul Azeez Maruf Olayemi, Siti Mashitoh Mahamood, Marifatul Haq Yasini, Ahmad Hidayah Buang Abstract Islamic finance is hyposthasised as the avatar of egalitarianism, equity and the zenith of social justice. Nevertheless, some scholars argue that the social justice objective of the Islamic finance is idealistic. This paper examines the extent to which the acclaimed social justice objective is […]
By Husam Suleiman Abstract This paper serves to explore the next paradigm of evolution regarding Islamic finance products in light of the development and vast success of crowdfunding platforms. The first section examines the shifting paradigm of the Islamic finance lending product in America; the Islamic finance mortgage product. Demonstrated is that each subsequent shift in […]
By Muhammad Iman Sastra Mihajat Abstract Recent global financial crisis has intensified the official sector’s interest in strengthening the macro-prudential orientation of current policy arrangements in particular for Islamic banking and finance sector. The crisis also has highlighted the issues in quality of regulation and supervision in the financial sector, and tested the effectiveness of current […]
Abstract By Amin Ur Rahman with the liberalization of economic sector of Pakistan and introduction of Islamic banking system, the industry become more competitive as the consumers have more choices and thus their preference changed toward banking. In this increasing high competitive industry, Bankers are more focus on customer loyalty to win market share and thus […]
By Salman Ahmed Shaikh Abstract According to SDPI estimates, poverty rate in Pakistan has increased sharply, especially in rural areas. Some 58.7 million Pakistanis are classified as poor while Microfinance beneficiaries are only 2.8 million people. The progress and penetration of Islamic Microfinance is even more insignificant in relation to the enormous underdevelopment challenges faced by […]
