By Siti Rohaya Mat Rahim, , and Zam Zuriyati Mohamad Abstract This paper investigates the application of the Green Sukuk, particularly, for financing the renewable energy. More precisely, three case studies had been chosen for discussion. In the first case study, we highlights “Hybrid Sukuk” framework adopted by Tadau Energy Sdn. Bhd. for financing solar […]
By Muhammad Ridhwan Ab. Aziz Muhammad Mohamad Yusoff Abstract The main aim of Islamic financing in agriculture is to finance agriculture-based projects and to prevent any involvement of haram elements by using banking and financing instruments which is Shariah-compliant among agro-entrepreneurs. However, there are several risks that need to be faced by agro-entrepreneurs which may […]
By Shaikh, Asif Zaheer, Dr. Shah, Ume Laila Abstract: Islamic finance is growing with remarkable pace, especially Islamic banking,a major segment of Islamic finance, is expanding rapidly. This valuates position of Islamic finance and Islamic banking, around the world in general and particularly in Pakistan. History of Islamic banking in Pakistan is […]
By Usman KhurshidAssoc. Prof. Dr Syed Musa Alhabshi ABSTRACT Shari’ah stocks screening methodologies had a significant impact in the realm of Islamic finance portfolio stocks since the early 1990s. These enabled a more inclusive investment community among overall Islamic financial community that led to the growth of Islamic financial institutions including Islamic banks and […]
By Kashif Abbass, Hua-MingSong, Arsalan Tanveer Muhammad Zeeshan & Shazia Shaheen Shaikh Abstract: The purpose of the study is to determine the factors that are influencing the adoption of Islamic banking. To determine the factors that are influencing the adoption of Islamic banking amongst the 150 employees of the middle management were taken as a […]
By Dr. Mohammad Nawaz {al hassani} Abstract Muslim jurists have defined interest {Riba} in their valuable classic books taking account of all that was relevant. However, the contemporary scholars are of the view that the meaning of riba is not clear and Islamic law has not defined riba comprehensively, therefore, it is necessary to define […]
By Dr. Hussam I. Asbeig Abstract The aim of this paper is to introduce Qard Hasan (benevolent loan) as a sound substitute for the low-interest social loans that were abolished since the adoption of the full-fledged Islamic banking system in Libya. The paper reviews the literature for the prevailing practices of Qard Hasan […]
By Salman Ahmed Shaikh Abstract This research aims to explore the issue of how to price capital, appraise projects and value securities in an Islamic economy. An Islamic economy does not allow interest based financial system. Financial intermediation in an Islamic economy will principally revolve around equity based modes of financing. Still, a problem arises […]
By Munir Mansuri Abstract Islamic banking and finance is quite a new phenomenon in finance industry. It is aimed to cater to those who want to engage in banking without interest. Almost around five decades old now, the faith based banking idea now is not in its infancy age anymore, but is still […]
By Muhammad Abu Bakar Abstract Purpose– The purpose of this research is to present a comprehensive analysis of Sharī‘ah contracts, used for structuring current accounts of Islamic banks, and find out the impermissible practices. Precisely, this paper attempts to discuss Qard, wadī‘ah and tawarruq contracts and potential Sharī‘ah issues with regard to their applications in […]