Funding Social Expenditure with Risk Sharing Sukuk

Think Piece By Prof. Dr. Obiyathulla Ismath Bacha We have already discussed how governments could fund revenue generating infrastructure projects using Mudarabah/Musharakah type sukuk. These were risk-sharing instruments that enabled the sharing of profits/losses between ...

Short-term Shariah-compliant Islamic liquidity management instruments to sustain Islamic banking: ...

Abstract The purpose of this paper is to describe the structure of the Islamic treasury bills issued by the Central Bank of Maldives, Maldives Monetary Authority (MMA) for the benefit of those jurisdictions that aspire ...

Funding growth without debt

Think Piece By Prof. Dr. Obiyathulla Ismath Bacha A number of contradictions appear to be plaguing the Muslim world. Sukuk, the most popular fundraising instrument of Islamic finance, has seen declining issuance in 2015 relative ...

A comparison of MASB and AAOFI accounting conceptual frameworks

Abstract This chapter provides new findings to accounting and finance literature, where, it compares the conceptual framework of both of the MASB- and the AAOIFI- in the context of financial reporting of Islamic financial institutions ...

Shariah Stock Screening and the Optimal Capital Structure – need ...

Think Piece By Prof. Dr. Obiyathulla Ismath Bacha The capital structure decision is a highly important one for corporations. Capital structure refers to the combination of debt and equity (and other hybrids) that a company ...

The potential of application of technology-based innovations for zakat administration ...

Abstract India is the home country for many Muslims and effective management of zakah is essential to the country. In this era of technology, it is imperative to use technology with zakat to ensure that ...

What’s next for Islamic Banking?

Think Piece By Prof. Dr. Obiyathulla Ismath Bacha Islamic Banking, some 30 years after its emergence, is now at what appears to be an inflection point. Despite impressive growth and expansion, it is in need ...

Islamic monetary economics and institutions: theory and practice

Abstract This edited volume explores theoretical and empirical issues related to monetary economics and policy in the Islamic financial system. Derived from the Conference on Islamic Monetary Economics and Institutions: Theory and Practice 2017 held ...

Liquidity risk management in Islamic banks: evidences from Malaysia

Abstract After the global financial crisis, there are discussions in terms of liquidity risk management of banks, and in this context, many new tools, regulations, and mechanisms have been introduced by regulatory authorities. Islamic banks ...