... provides the first comprehensive comparison of default risk dynamics between SC and NSC US firms. We contribute a novel, crisis-contingent theory of financial resilience, showing that Shariah compliance is linked to insulation from leverage risk during financial crises ( GFC ), an advantage...

... such as Shariah governance, financial resilience, ethical dimensions and customer-centric frameworks. The MPA offers detailed insights, narrating a journey from the foundational principles of IF to its current challenges and opportunities. This journey covers harmonizing religious beliefs with contemporary...