Sukuk innovation needs to go further

Think Piece By Prof. Dr. Obiyathulla Ismath Bacha Sukuk, which are probably Islamic Finance’s most popular product has of late gone through a fair bit of innovation. As opposed to their earlier structures which were ...

Exchange Rates and the Policy trade-offs

Think Piece By Prof. Dr. Obiyathulla Ismath Bacha Most Muslim countries, being commodity producers have witnessed serious pressure on their currencies arising from a widespread fall in commodity prices. While none of the GCC currencies, ...

How does microfinance prosper? An analysis of environmental, social, and ...

Abstract The spotlight of this study is to examine whether environmental, social, and governance performance affects the financial performance of microfinance institutions (MFIs). The topic has been of much interest to researchers and policymakers due ...

Capital structure and Shari’ah compliance firms: Malaysian evidence

Abstract In the literature of corporate finance, there exists alongside others, an age long inquiry into the behaviour and determinants of corporate capital structure. The study into capital structure behaviour was pioneered by Modigliani and ...

Liquidity Management and Islamic Banks, the need for markets

Think Piece By Prof. Dr. Obiyathulla Ismath Bacha A recent IMF study which compared Islamic and conventional banks in the GCC (Gulf Cooperation Council) countries made several interesting observations. Of these, two key points were ...

Blockchain and its Shariah compliant structure

Abstract Islamic finance has gained momentum in the world today. Irrespective of faith conviction, it has been accepted as a mode of financing in the world. The development of Islamic finance was gradual in the ...

Mitigating fatalities and damages due to natural disasters: do human ...

Abstract Studies have shown that natural disasters could pose a spectrum of challenges to human development, especially in developing countries. United Nations Development Programme (UNDP, 2004)) estimates that low human development countries accounted for more ...

House financing: contracts used by Islamic banks for finished properties ...

Abstract The purpose of this paper is to find out the existing practices of the Islamic banks in providing financing to the customers who have a requirement to purchase a finished property and to examine ...

Comment on “Protectionism under Trump: the China shock, deplorables, and ...

Abstract The USA under Trump has departed from its long-cherished tradition of being a leading proponent of liberal trade policies to a new norm that seeks comfort in protectionism. Noland (2020) provides a deep insight ...