... to answer the questions “is religion (Islam) a contextual stricture that makes standardization strategies less workable? and what processes are involved that give rise to homogenized (heterogenized) consumer spending, translating into demand convergence (divergence) and finally determining the firms...

... entrepreneurship among Muslims. One possible practical recommendation is to empower religious institutions to preach a clear message supporting participation in economic activities. Social implications This research sheds light on the discrepancy between Islamic religious teaching and eventual behavior...

...Maryam Akhavan Kharazian; Vahed Azadfar Purpose This study aims to develop a model to analyze the effect of background music on Islamic consumer purchase behavior regarding to ambiguity in the Islamic texts. Design/methodology/approach In this experimental design, the population included chain...

... of Islamic-related disclosure made by companies in their annual reports. The Shariah screening processes in three countries with different Islamic equity markets – Malaysia, Saudi Arabia and the United Kingdom – are examined. Design/methodology/approach The authors interview 19 Shariah...

...Alexandre A. Bachkirov; Salem AlAbri Purpose The purpose of this study is to examine whether and how the fundamental Islamic values of Arab Muslim business negotiators influence their views of the negotiation process and negotiation behavior. Design/methodology/approach The study is based...

... Samy Nathan Garas New York Institute of Technology, Manama, Bahrain Purpose The purpose of this study was to identify the relation between the conflicts of interest in the Shari'a Supervisory Board (SSB) in the Islamic financial institutions (IFIs) and six independent...

...Hichem Hamza Purpose The Sharia governance is topic that has generated much interest in the literature of Islamic banking industry. The Sharia supervision plays an essential role in the governance of Islamic banks. The Sharia Board (SB) which is peculiar to Islamic banks is considered...

...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...

... institutional economics to clarify the dimensions of Islamic Gharar. This research attempts to see the divergence between theory and practice, looking at empirical data including the information from an interview with one of Indonesian Islamic banks. Findings The lens of institutional and Post...

...Masudul Alam Choudhury; Mohammad Nurul Alam Purpose The purpose of this paper is to delineate the substantially different theory and application of corporate governance idea in Islamic financial theory contrary to the perceived one in the literature. Thus, a comparative and contrasting examination...

...Beebee Salma Sairally Purpose In order to fulfill the Shari'ah objective of promoting the welfare of society, institutions offering Islamic financial services (IIFS) are expected to consciously align their decisions and actions so that they are “socially responsible”. An integral policy...

...M. Kabir Hassan; Benito Sanchez; M. Faisal Safa Purpose This paper aims to examine the impact of financial liberalization and foreign Islamic bank entry on the performance of domestic Islamic banks, and credit availability to the private sector. Design/methodology/approach The authors use...

... contribution. Design/methodology/approach The paper uses a literature survey approach to describe the economic dimension of the institution and its specific role in ensuring that businesses are conducted in line with Islamic business ethics. Findings The paper confirms that absence of discussion...

...Rasoul Amirzadeh; Mohammad Reza Shoorvarzy Purpose The aim of the present research is firstly to examine and recognize the quality elements of services in the banks by SERVQUAL instrument and some Islamic banking factors. Secondly, the aim is to prioritize these factors based on fuzzy TOPSIS...

...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...

...Sartini Wardiwiyono Purpose This paper aims to contribute to literature on managing Islamic micro financing by formulating and evaluating the implementation of internal control system for Islamic micro financing. It also aims to investigate the implementation of an internal control system...

...Saeed Akbar; Syed Zulfiqar Ali Shah; Shahin Kalmadi Purpose Islamic banking as a financial institution has always been proclaimed to be different from conventional banking systems. This is mainly due to the prohibition of interest and emphasis on achieving social economic responsibility in society...

...Rashid Ameer; Radiah Othman; Nurmazilah Mahzan Purpose The purpose of this paper is to explore the shortcomings in the compliance of the full‐fledged Islamic banks with the Bank Negara Malaysia (BNM) disclosure guidelines related to the profit sharing investment accounts (PSIAs). Design...

...Waheed Akhter; Tajammal Hussain Purpose The purpose of this paper is to attempt to see the effectiveness of operational and transformational standards raised by joint working group of Islamic Financial Services Board (IFSB) and International Association of Insurance Supervisors (IAIS) as well...

... The method employed in this study is a combination of extensive examination of existing literature and critical analysis of the outcomes of several relevant studies in order to establish the convergent/divergent relationship between theory and practice in Islamic finance. Findings Based on available bank...