Is small the new big? Islamic banking for SMEs in ...

Abstract While SMEs constitute the backbone of many economies, many SMEs have limited access to finance. Yet, banks in some countries are actively financing SMEs. This paper examines whether this is true in the case ...

Waqf-shares: a fundraising scheme for community development projects and humanitarian

  Waqf-share scheme is one of the Islamic social finance tools which emerged in the 21st century and which has been practiced successfully in Muslim and Muslim minority countries It is a fundraising scheme which ...

Financing Waqf Land: Significant waqf contribution in Islamic world

As a financial charitable institution, Waqf has been the most significant contributor to social services in the Muslim world. Although the concept of waqf or endowment predates Islam, the comprehensive regulatory framework that promotes, guides, ...

Combining momentum, value, and quality for the Islamic equity portfolio: ...

Abstract This study constructs active Islamic portfolios using a multi-style rotation strategy, derived from the three prominent styles, namely, momentum, value, and quality investing. We use the stocks that are consistently listed in the U.S. ...

Islamic Banking in Malaysia: Unchartered Waters

Abstract This paper explores the Islamic banking business in Malaysia since its beginning in 1983. The Islamic banking sector has achieved its target of 20% market share in assets and deposits in 2010. To boost ...

Enhancing the zakat framework of Maldives: a one hundred percent ...

Abstract Maldives is a one hundred percent Muslim nation where the zakat administrative function is entrusted to a government ministry, the Ministry of Islamic Affairs (MIA), which manages zakat al maal and zakat al-fitr. Since ...

Will We Ever See A World Without Riba?

We live in a world where the majority of us are so used to only one way when it comes to economics and finance, which is the conventional or riba-based system. Ask the man-in-the-street what ...

Heads we win, tails you lose: is there equity in ...

Abstract We made the first estimate of the proportion of fund alpha statistically attributable to luck rather than skill for a sample of Malaysian Islamic equity funds. Broadly, the funds do not outperform market benchmarks. ...

Islamic Finance Practices: Danger Of Convergence

The drive for Shariah compliance in the Islamic banking business may have brought it towards the intended objective which is to free its operation from riba and other prohibitions. But thriving on profits alone and ...