By Salman Ahmed Shaikh Abstract The rapid growth in Islamic finance industry urges us to not only look for alternatives in the Islamic commercial banking, but also focus on the regulator and its role and functions to enable it to work in conformity with Islamic principles. This study reviews limited, but precious academic literature on […]
By Uzair Riaz Cheema Abstract Choosing banking as a career seems to be the rising trend among job seekers. The prohibition of riba has direct implications for the banking and financial industry. The aim of this study is to uncover the awareness percentage on prohibition of interest/riba/usury in Islam among bankers or bank employees and […]
By Syed Nayyar Azam Saifi & Muhammad Zeeshan Farrukh Abstract Islamic Financial Industry is experiencing a good high pace and many Islamic financial products have been introduced in a very short span of time as compared to conventional financial products but in fact the present prevalent Islamic financial system, around the world, has been developed […]
By Faiz M.Shaikh, Munawwar Ali Kartio, Nisar Ahmed Pahore & Saeed Ahmed Buriro Abstract The current research explores the historical perspective of Islamic banking. The data were collected from the various secondary sources, Annual reports of Islamic Banking system and news bulletin related to the history of Islamic banking. It was revealed that Islamic banking […]
By ADEBAYO, RAFIU IBRAHIM Ph D Abstract Voices raised from various quarters against the flaws, shortcomings and exploitation of the conventional financial system clearly indicate that the authors of the system could not redeem the image without resorting to alternative financial system devoid of the exploitative tendencies in the former system. The worldwide acknowledgement of […]
By Prof. Dr. Zubair Hasan Abstract Shelter is one of the basic needs for human beings. Its availability for the people is an Islamic imperative. In view of the appalling living conditions for a substantial proportion of population in most countries around the world, especially Muslim, Islamic banks have entered the field with varying schemes […]
BY Abdulqadir Ibrahim Abikan (Ph. D) ABSTRACT Disputes emanating from Islamic banking transactions are adjudicated by English-style High Courts in many nations operating pluralistic judicial system. The courts’ judges are, in most cases, not required to be lettered in Islamic law before they assume jurisdiction and where they know the law, they do not apply […]
By Hylmun Izhar Abstract: This paper aims to examine the monetary transmission mechanism in terms of controllability and reliability of monetary policy in dual banking system, namely conventional and Islamic banking systems in the case of Indonesia. The paper investigates the long run relationship as well as short run dynamic equilibrium for the period 2001 […]
By Salman Ahmed Shaikh Abstract Interest is prohibited in all monotheist religions; however, it features as an essential element in practiced capitalism. Interest based financial system has created two major havocs in last two decades i.e. in East Asia in 90s and in the Great Recession since 2007. With interest at zero bound in U.S […]
By PROFESSOR DR NOR HAYATI BT AHMAD, MOHAMAD AKBAR NOOR MOHAMAD NOOR & FADZLAN SUFIAN ABSTRACT The paper investigates the efficiency of the Islamic banking sectors in the world covering 25 countries during the period of 2003-2009. The efficiency estimates of individual banks are evaluated using the non-parametric Data Envelopment Analysis (DEA) method. The empirical […]