By Hanudin Amin, Mohd Zulkifli Muhammad Abstract The aim of this study is to obtain a better understanding of student’s selection criteria with respect to Islamic deposit products. The study presents primary data collected by self-administered questionnaires involving a sample of 154 undergraduate students in Labuan, Malaysia. Findings of the study are classified into six […]
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 Zubair Hasan Abstract This brief note supplements the argument of an earlier paper Islamic Home Financing: Current Models and a Proposal from Social Perspective”; it explains that the Diminishing Balance Model for Islamic home financing is operable in a Shari’ah compliant way even without the Islamic Banking laws accommodating the notion of constructive ownership […]
By Altaf Noor Ali (ACA) Abstract This write-up discusses three areas where IFIs can bring more transparency in its financial reporting and practices. Firstly, every IFIs transfers certain amount for disbursement to charities. This write-up discusses if the disclosures in IFI can be fine tuned for completeness and transparency. Secondly, we review how an IFI […]
By Imran Hussain Minhas Abstract With the achievement of political independence there arose an urge in Muslims to revive their Islamic systems which had become dormant during the colonial period. The conventional banking system, being based on interest which is strictly banned in Islam, was their first target and efforts were set afoot to introduce […]
By Salman Ahmed Shaikh Abstract Financial intermediation serves a valuable purpose, but it can also be structured using equity modes of financing. This can relieve the financee and increase diversity of entrepreneurial undertakings as in debt based commercial financing, there is little room for diversity with obligatory and stipulated servicing of debt. Using Islamic equity […]
By Shafiq ur Rahman Abstract There is strong urge among Muslim these days to Islamize economy and particularly banking. The main factor which triggered this desire is the political independence of Muslims from colonial yoke and also windfall of petro-dollars in Arab countries. Emphasis on Islamization of banking appears to be due to the commercial […]
By Faiz.M.Shaikh, Nisar Ahmed Pahore & Saeed Ahmed Buriro Abstract: This research investigates the Islamic banking and financial soundness some empirical evidence. Data were collected from various secondary sources. It was revealed that as the presence of Islamic banks grows in a country’s financial system, there is no significant impact on the soundness of other […]
By A.S. ORISANKOKO ABSTRACT As a result of the most recent financial crisis or recession particularly in the conventional banking industry in Nigeria, the focus of practitioners and researchers in the academia alike have shifted mainly to the causes of the operational malfunctions leading to the crisis with little attention on the defective legal framework. […]
By MOHAMAD AKBAR NOOR MOHAMAD NOOR & NOR HAYATI BT AHMAD ABSTRACT The paper investigates the efficiency of the Islamic banking sectors in 25 countries during the period of 1992-2009 consists of 78 Islamic banks involved. The efficiency estimates of individual banks are evaluated using the non-parametric Data Envelopment Analysis (DEA) method. The empirical findings […]
