By Mughees Shaukat Abstract A unique feature of Islamic banking, in theory, is its profit-and-loss sharing (PLS) paradigm. In practice, however, we find that Islamic banking is not very different from conventional banking in devising their rates of return. There appears to be a clear contingency. Using wavelets analysis in investigating such relationships between the […]
By Camille Paldi Abstract In this financial and non-financial analysis of Kuwait Finance House Group (KFH), I have conducted a ratio analysis of key liquidity, profitability, and efficiency ratios including the current ratio, EPS, return on equity (ROE), return on assets (ROA), and the debt-to-equity ratio and compared KFH to one of its main competitors, […]
By Dr. Huud Shittu Abstract Interest-free banking has polarized citizenry in Nigeria on the basis of sentiment and ignorance over interest/usury and the policy of the Central Bank of Nigeria (CBN). On this background, this paper examines the challenge of interest-free finance/banking in Nigeria. In achieving this aim, critical/rhetoric method and everyday life theory are […]
By A.L.M. Abdul Gafoor Abstract The article traces the evolution of paper currency from the outset to the present level of its development. Gold was initially used as money. For facility gold coin was minted. First the goldsmith’s receipt of depositors’ coin was used as currency and was the precursor of paper money. This was […]
By Ahmed Ali Siddiqui & Obaid Usmani Abstract Islamic Banking has shown notable growth in the last decade in Pakistan, mainly due to the availability of learned Shariah scholars who have gained expertise in Islamic Finance. The first Bank to register as an Islamic Bank in the country was Meezan Bank and the value it […]
By Bilal Ahmed Qazi Abstract The paper discusses the scale of latitude that Islamic Jurisprudence provides to an Islamic State for price regulation (TAS’EER). After describing in detail the various schools of thought of Islamic Jurists on the topic and identifying the preferred view, the paper discusses the pros and cons of price restrictions in […]
By Sheila Nu Nu Htay, Ibrahim Shaugee & Hanudin Amin Abstract Studies on bank selection criteria have been done by numerous researchers in various countries. However, review of prior literature has turned up no evidence of such a study having been done in Maldives. Therefore, this study attempts to identify and rank the bank selection […]
By Tajudeen Olalekan Yusuf (PhD), Ismail A. Adeleke (PhD) & Professor Rasheed Kola Ojikutu Abstract This paper empirically examines the potential contributions of Takaful (Islamic insurance) to the Nigerian economy. Due to low penetration of insurance consumption in the Nigerian economy despite abundant opportunities, the paper explores how this new paradigm of risk management and […]
By Prof. Dr. Mohd. Ma’sum Billah Abstract Economic activities are one of the daily practices that being adapted naturally by human beings from the very beginning of the human history for their physical survival in this natural world. The economic activities cannot materialize without having a mutual cooperation between fellow mankind, and that is, better […]
By Zamir Iqbal Abstract The sub-prime financial crisis was not simply the result of excessive leverage and inadequate capital but it was brewing for some time as a result of a gradual deterioration of business leadership, of lapses in governance and in the regulatory framework (particularly in derivatives markets), and of an ineffective risk-management framework. […]
