Developing regional healthcare facilities in Maldives through mudharabah perpetual sukuk

Abstract The purpose of this paper is to identify the underlying issues of healthcare system in Maldives in order to provide an understanding of the challenges facing healthcare providers in islands and atolls in a ...

Waqf development in Marawi city via issuance of perpetual waqf ...

Abstract Since 2017, the city of Marawi was left in ruins after five months of aerial bombardments and close-quarter fighting between Islamic State of Iraq and al-Sham (ISIS) and government forces. Many buildings were destroyed; ...

The substitution hypothesis of agency conflicts: evidence on Shariah compliant ...

Abstract According to the substitution hypothesis and recent evidence, firms that are better governed carry less debt and experience fewer agency problems. This may also imply that firms with lower debt are better governed and ...

View from practice: stock market reaction to sukuk credit rating ...

Abstract Documented evidence on conventional bond markets shows negative market reaction to bond credit rating downgrade and no reaction to credit rating upgrade. Despite the fact that sukuk issuances make up more than 58.8% of ...

Waqfintech and sustainable socio-economic development

Abstract This paper aims to discuss the use of financial technology in waqf (Islamic endowment) for funding religious and social causes. It is believed that waqfintech could reach a wider audience and benefit more people ...

Merton’s equation and the quantum oscillator II: option pricing

Abstract Merton has proposed a model for contingent claims on a firm as an option on the firms value, and is based on a generalization of the Black-Scholes stochastic equation (Merton, 1974). A special case ...

Too small to succeed versus too big to fail: how ...

Abstract Even though large banks could imply large risks and heightened vulnerability for a country’s macroeconomy, the presence of many small banks with similar behavior such as Islamic banks could also cause systemic risks. This ...

The impact of social and environmental sustainability on financial performance: ...

Abstract While there is ample evidence that non-financial firms’ financial performance and social and environmental performance are related, evidence for the banking sector remains limited and inconclusive. This paper examines the impact of access to ...

Does competition make banks riskier in dual banking system?

Abstract This paper investigates competition and risk-taking behaviour of Islamic banks taking a sample of 59 Islamic banks and 149 conventional banks from 10 highly developed Islamic banking countries between 2006 and 2016. The level ...