Financing through cash-waqf: a revitalization to finance different needs

Abstract Recently the revival of the institution of waqf took a movable form especially in terms of the creation of cash waqf which found its ways as one of the financial institutions financing different goods ...

Issues in Islamic banking and finance: Islamic banks, Shari’ah-compliant investment ...

Highlights • An introductory article to the special issue: Islamic Banking and Finance II • Place the papers in the issue in the perspectives of existing literature • Highlight future directions of research Abstract This ...

The slow progress of digital transformation in Islamic social finance

It is true that significant progress in poverty alleviation and social empowerment has been made over the last 30 years. For the Organisation of Islamic Cooperation (OIC) member states, the percentage of the population living below ...

Fixing the economy: Troubling signals on Putrajaya’s economic focus

Much water has flowed under the bridge in Malaysia since the regime change on May 9, 2018. Ironically, it turned out to be a double whammy for the new government, now that it is not ...

A strategy to rejuvenate Islamic finance

The Islamic banking and finance (IBF) sector appears to be at a crossroads. Over the last three decades, growth has been impressive, with total assets estimated at about US$2 trillion (RM8.32 trillion). Looking back, this impressive ...

The impact of crude oil price on Islamic stock indices ...

Abstract This paper is the first attempt at testing the “time-varying” and “time-scale dependent” volatilities of and correlations between the selected Islamic stock indices of South East Asian countries and selected commodities for enhancing portfolio ...

How inflationary are oil price hikes? A disaggregated look at ...

Abstract The present paper analyzes the inflationary effects of oil prices at the aggregate and disaggregated levels for Thailand using symmetric and asymmetric cointegration and error-correction modeling approaches. The cointegration test results suggest the presence ...

Sukuk Shehama

Sukuk Shehama is a financial instrument that has only recently emerged. It is a form of government-issued Islamic Bond (Sukuk) based on Musharakah which is found in Sudan but can be easily replicated in any other ...

Making a case for GDP-linked sukuk

Sukuk may be the most popular product in Islamic finance. It may also have international appeal and a global footprint. Many governments, both of Islamic and non-Islamic countries, have issued sovereign sukuk denominated in US ...