...Michael S. Bennett; Zamir Iqbal Purpose Islamic finance and socially responsible investing (SRI) have been two of the most rapidly growing areas of finance over the last two decades. During this period, they have each grown at rates that far exceed that of the financial markets as a whole...

... on the prohibition of Gharar as a fundamental principle of Islamic finance, less has been done to elaborate upon it through the lens of Post‐Keynesian economics which have greatly contributed to shedding analytical lights on “uncertainty”. In the Islamic mode of investment and financial intermediation...

... of Islamic finance in regards to the theme of corporate governance is shown to be a viable alternative way of understanding this topic in the light of the particular Islamic epistemological premise. Thus, Islamic financial perspective, exemplified here in terms of corporate governance, is expounded...

... responsibility of IIFS, with the objective of CSR being sought merely as a peripheral practice. Recent debates on the evolution of the practice of Islamic finance highlighted the profit and economic efficiency motives of IIFS rather than their concern for socio‐economic equity and welfare. A divergence between...

... The results indicate that foreign Islamic banks, on average, follow aggressive financing in host countries and enjoy higher net profit margin. Banking sector returns play an important role in the entry decision and presence of foreign banks. Moreover, favorable macro‐economic conditions play a supportive role...

...Mohammad Omar Farooq Purpose The purpose of this paper is to provide a critical appraisal of the theme of zulm (injustice/exploitation) in light of the Islamic finance literature and the general attitude and approach of the Islamic finance industry and its advocates. Design/methodology...

... at: drwaheed@ciitlahore.edu.pk © Emerald Group Publishing Limited 2012 Operational Transformational Takāful standards IAIS IFSB Takāful perception Islam Pakistan Finance Over the last few years insurance is increasingly recognized as an important component...

...‐based Market‐based Financial system Finance Financial structure Iran Banks In 1984 Iran (as one of the first Islamic countries worldwide) decided to replace its conventional banking system with an Islamic banking system. Since, according to the Quran, the practice of usury is prohibited...

...Rasem N. Kayed Purpose The purpose of this paper is to find out whether profit‐and‐loss‐sharing (PLS) modes of finance have become viable financial alternatives for entrepreneurship and enterprise development or whether they are still merely an academic endeavour. Design/methodology/approach...

...Masudul Alam Choudhury Purpose The purpose of this paper is to bring out with analytical argumentation and mathematical treatment the central problem of Islamic economics, finance, institutionalism and socio‐scientific thought as it is being practiced today and for some time now. The problem...

... understand their past performance and realize their current position in the industry; Z‐score can be adopted by the UAE Islamic banks as effective evaluation approach toward financing the potential long‐term partnership projects including small and medium business enterprises (SMEs); Z‐score model can...

... Limited 2011 Islam Law Finance Banks Shari'a compliance Customer behaviour Pakistan Islamic finance has successfully paved its way into the mainstream financial system since its emergence a few decades ago (Lee and Ullah, 2007, 2008). There are currently more than 300...

... users), while both bear the risks involved and the resulting loss. Originality/value The paper will fill the gap in the existing literature of Islamic finance by showing that Islamic securitization via sukuk is a viable source of funds that could help stabilize the securities market...

...Robin Matthews; Issam Tlemsani Purpose The aim of this paper is to explore and discuss the causative factors of the current financial crisis from an Islamic perspective. This paper also examines Islamic finance as an alternative financial system and a potential long‐term solution to financial...

... to the development of IFI. Without learning and applying the lessons from the crisis, IFI runs a risk of committing the same mistakes. Finally, greater attention should be given to the fundamental principles of Islamic finance in order to ensure the future development of industry. Research limitation/implications...

...Kadom Shubber The author devotes two chapters for some special issues of topical importance, considering them objectively and at some length. These include insurance (takaful), home finance (mortgages), stock‐market investment, public finance and monetary policy, in addition to the thorny issue...

... generating activities and monitoring on more shariah compliance of the investment mode. M. Mizanur Rahman can be contacted at: mizan12bd@yahoo.com © Emerald Group Publishing Limited 2010 Microeconomics Finance Poverty Islam Bangladesh Beside financial activities...

...Ahmet Suayb Gundogdu Purpose The purpose of this paper is to show a creative way to fulfill financing needs of entities involved in pre‐ and post‐harvest production activities in extreme cases while mitigating inherent risks by Islamic structured trade finance from the real‐life case of cotton...

... aspects of Islamic banking and project financing. Findings It is argued that, while the new sukuk structure complies with the requirements of Shari'a requirements against riba and gharar, it goes against a well‐established expectation of increasing the level...

...Abu Umar Faruq Ahmad; M. Kabir Hassan Purpose The purpose of this paper is to contribute to the existing body of work in the area of Islamic finance by examining the regulation of Islamic finance in Australia. Design/methodology/approach The method employed in this paper is a mixture of direct...