By Hamzah Adesola Dawood Abstract The emergence of ‘money economy’ is awesome in the course of human development. The inspiring corollary of this historic development is the institutionalization of Banking and Finance as well as the jaundiced ‘interest’ economy and its consequences. It is argued that Banking and Finance are rooted in Islamic jurisprudence and […]
By Obaid Usmani Abstract: Pakistan, in recent years has showed strong inclination towards Islamic Banking. Islamic Banking share is more than 10% of the entire Banking Industry. Over the last decade, Islamic Banks have been successful in providing end to end alternatives to all conventional banking products. The support coming from the central bank of […]
By Mahadi Ahmad and Ibrahim VambaFofana Abstract It is a universal fact that in any financial transaction there are risks, which may be inherent or operational. This is more so in Islamic finance due to its distinct mode of operation – operations based on principles derived from divine laws which are enshrined in the Holy […]
By Noraziah Che Arshad*, Roza Hazli Zakaria* Ahmad Azam Sulaiman @ Mohamad* Abstract Islamic banks are exposed to a unique risk – Displaced Commercial Risk (DCR). DCR arises from the assets managed on behalf of the investment account holders which may be borne by the Islamic bank’s own capital, when the Islamic banks forgo part […]
By Salman Ahmed Shaikh Abstract Markets fail in the provision of public goods. Public goods are non-rival and non-exclusive. This creates the problem of free riding. Hence, public goods and infrastructure is often provided by governments. As discussed in endogenous growth models, the public infrastructure and capital goods can enable the private sector’s production processes […]
By Muhammad Abubakar Siddique & Memoona Rahim Abstract: The concept of discounting is a most important issue in the world of economics and finance from both conventional and Islamic perspective, because it relates to capital and interest. Islamic finance cannot depend on the conventional techniques of capital budgeting because of interest. Conventional capital budgeting techniques […]
By Camille Paldi Abstract This paper explores the risks involved in Islamic banking products. It argues that Islamic finance instruments pose a unique set of risks and costs, which must be taken into account when determining the amount of regulatory capital a bank must hold. Riskier products require higher capital charges; therefore, Islamic banking is […]
By Wasiu Aminat Abidemi & Dr. Ibrahim Foudalmoula ABSTRACT Nigerian economy is facing the most severe financial crisis since the Great Depression of the last century of global economic meltdown and if this situation continues to deteriorate, Nigeria would be in great jeopardy. This paper seeks to assess the Economic meltdown in Nigeria Economy and […]
By Dr Ambreen Zeb Abstract This study aims to conduct a comparative analysis of performance of the impact of global financial crisis on Islamic and conventional banking in Pakistan during the period the 2007-2010. Three performance indicators have been considered for this purpose namely Profitability, Liquidity & Soundness. This study covers a four year period […]
By Abdul Azim Islahi Abstract Dr. Muhammad Hamidullah (1908-2003) on mutuality based Islamic Insurance is well-known for discovery, editing and bringing to light a number of rare and invaluable Islamic manuscripts. A significant aspect of his contribution is his pioneering writings on Islamic Economics. He authored more than a dozen essays related to Islamic economics. […]
