Index
Management of Islamic Finance: Principle, Practice, and Performance
ISBN: 978-1-78756-404-6, eISBN: 978-1-78756-403-9
ISSN: 1569-3767
Publication date: 14 December 2018
This content is currently only available as a PDF
Citation
(2018), "Index", Hassan, M.K. and Rashid, M. (Ed.) Management of Islamic Finance: Principle, Practice, and Performance (International Finance Review, Vol. 19), Emerald Publishing Limited, Leeds, pp. 239-249. https://doi.org/10.1108/S1569-376720180000019013
Publisher
:Emerald Publishing Limited
Copyright © 2019 Emerald Publishing Limited
INDEX
Note: Page numbers followed by “n” with numbers indicate notes.
Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)
, 202
Adequate capital
, 139
Agro Bank
, 133
All debt financing corporation
, 153–154
All-equity financing corporation
, 152–153
Allowance on Corporate Equity (ACE)
, 146
Ambiguity and confusion
, 117–118
Analytic hierarchy processes
, 217
ANOVA
, 215
Arab Barometer
, 99, 110n1
Arellano-Bond generalized method of moments
, 231
Asian investors
, 5, 18
Asian Islamic Index
, 4–5
Asian Islamic stock market investors
, 3
invest in USA, European, or BRIC markets
, 16–18
Asset-backed financing
, 40–41
Asset-backed Sukuk
, 116
Autoregressive conditional heteroscedastic (ARCH)
, 10
Bai’ Al-Sarf
, 44
Bai’ Bithaman Ajil (BBA)
, 83, 179, 195, 197
Bai’al’Inah
, 133
Bai’Bithaman Ajil
, 133
Bai’Istina
, 133
Bangladesh
, 38–39
funds of MCIs in
, 91
Bank for International Settlement
, 50
Bank of America
, 208
Bank selection criteria
, 73, 78–79
Bank Simpanan National (BSN)
, 133
Banking sector
, 49
Bankruptcy
, 114–115
Barclays
, 208
Bartlett’s test of sphericity (BTS)
, 78
Benchmark
indices
, 136
model
, 203
Benevolent loan
, (see Qard al-hasan)
Bivariate analysis process
, 54
Bonds
, 156
Borrower of mortgage
, 201
Borrower-centric approach
analyses and procedures
, 77–78
commercial banking industry
, 92
content validity
, 79
data and methodology
, 75
data collection process and instruments
, 75
funds of MCIs in Bangladesh
, 91
Islamic and conventional MCIs
, 89
Islamic microcredit institutions
, 90
literature review and hypotheses development
, 72–75
overall satisfaction of microcredit borrowers
, 80–81
policy implications, and limitations of study
, 81–85
reliability
, 78–79
results and discussions
, 78
sampling adequacy, sampling bias, and multi-collinearity problem
, 80
Borrowers
, 72
Breach of contract
, 118
BRIC markets
, 20
Islamic markets
, 4–5
Business support
, 218
Capital market
, 5
Capital partnership
, (see Musharakah)
Capital structure
, 147
Capital-based models
, 179
Capitalization
, 139–141
“Center activity”
, 79, 80
Certainty effect
, 150
Christian
, 96, 105, 107
Citibank
, 208
Clone property
, 53
Cluster
, 50
Co-movement among financial markets
, 5–6
Commercial banks
, 131, 135
industry
, 92
Commercial PM
, 191
Community banking
, 137
Component expected shortfall (CES)
, 51
Comprehensive Business Income Tax (CBIT)
, 146
Conditional value
, 213
Conditional value at risk (CoVaR)
, 51
Conjuncture fluctuations
, 179
Consumer experience
, 211
Contagion effects
, 5
Content validity
, 79
Continuous mortgage payments
, 198
Continuous wavelet transform (CWT)
, 4, 13–15
Conventional bank(ing)
, 38–40, 54, 191
Conventional capital structure of corporation
, 149
Conventional debt-based instruments
, 7–8
Conventional financial principles
, 71–72
Conventional MCIs
, 89
Conventional stock market
, 5
Convergent validity
, 79
Corporate social responsibility (CSR)
, 131
Corporate tax structure
, 147–148
Corporation’s threshold for debt
, 146, 154–156
all debt financing corporation
, 153–154
all-equity financing corporation
, 152–153
American corporation
, 168
Austrian corporation
, 160
conventional and Islamic capital structure
, 149
corporate tax structure
, 147–148
corporation’s financing choice
, 147, 150–152
Czech Republic corporation
, 161
Danish corporation
, 162
debt-bias vs. equity-bias corporate tax system
, 148
Finland corporation
, 163
Germany’s corporation
, 164
Italian corporation
, 165
measure of profit
, 159–160
Norway corporation
, 166
numerical example
, 156–158
in OECD countries
, 158
robust approach
, 168–169
start from intersection point
, 173
Swedish corporation
, 167
Correlation
, 78
coefficients
, 80
matrix
, 78
network models
, 54
Credit
facilities
, 133
management
, 83
monitoring
, 83–84
Credit Default Swap (CDS)
, 51
Creditor-friendly
, 121–122
Crisis-phase
, 51
Criticisms
, 10
Cross-loadings
, 79
Crowding out effect
, 177
Cultural characteristics
, 94–95
Customer
contextual information
, 210
customer-centric concept
, 72
level of education
, 216–217
patronage
, 218–219
product contextual information
, 214
product expert insight
, 214
product value
, 212
religion
, 217
value
, 213
Customers’ engagement with Islamic banking
concept and dimensions of customer patronage
, 218–219
determinants
, 209, 215–218
Shari’ah
, 208–209
Customers’ product knowledge
, 209–211
constructs of
, 211–214
dimensions
, 214–215
Dana Gas Sukuk default
, 124–125
Data collectors
, 76
Debt restructuring
, 120, 121
Debt-based Sukuk
, 119
Debt-bias corporate tax system
, 146, 150
Debt–equity ratio
, 159
Debtor-friendly
, 121–122
Declining Balance Co-ownership Program
, 202
Deferred payment sale
, (see Bai’ Bithaman Ajil (BBA))
Delta conditional value at risk (ΔCoVaR)
, 51, 57
Democracy
, 226, 228
Democratization
, 225
and Islamic financial development
, 225–231
Demographic characteristics
, 76, 94–95
Descriptive statistics
, 15–16
Deutche Bank
, 208
Development Financial Institutions (DFIs)
, 130, 131, 144
data and methodology
, 137–138
and demise
, 131, 135–136
investment banks
, 131–132
lack of financial inclusion
, 130–131
requirements
, 134–135
rising of IFIs
, 136–137, 144
services provided by
, 132–134
Digital inclusion mechanism
, 73
“Diminishing musharakah” method
, 195, 197, 202
Diminishing partnership
, (see Musharakah Mutanaqisah (MM))
Discrete wavelet analysis
, 13
Discrete wavelet transform (DWT)
, 11
Displaced commercial risk
, 43
Dividend payments
, 147
Dow Jones Islamic Market Index (DJIM)
, 8, 136
Dow Jones Supportability World Index (DJS)
, 8
Dow Jones World Index (DJW)
, 8
Dual-banking systems
, 47
Dynamic conditional correlations (DCC)
, 10–11
Early marriage
, 96
Economic
development
, 96, 131
growth and poverty
, 94
indicators
, 94, 103
integration
, 2
system
, 38
Education Financing-I Falah
, 133
Emotional value
, 213
Epistemic value
, 213
Equity kickers
, 192
Ethical banking
, 137
EthisCrowd
, 202
European Islamic Index
, 4–5
European markets
, 20
Ex ante measures
, 203
Ex post measures
, 203
Excessive uncertainty prohibition
, 44–45
Expected return
, 198
Expected shortfall (ES)
, 51
Experiences
, 211
Exploratory factor analysis (EFA)
, 77
Export Credit Refinancing-i
, 133
Export–Import Bank of Malaysia Berhad (EXIM Bank)
, 133
Extended technology acceptance model
, 216
Extensive monitoring
, 85n1
Failure to pay on time
, 116
Filtering stationary series
, 12
Financial
crisis
, 5, 50–51, 191
development
, 223, 226
exclusion
, 94
inclusion
, 94, 97, 134, 136, 137
intermediaries
, 177
market
, 147, 224, 233
network
, 54
services
, 132
support
, 218
system
, 38
system aggregate risk
, 56
Financial Institutions Reform, Recovery, and Enforcement Act (1989) (FIRREA)
, 192
Financial Islamism
, 99, 105, 106
Financial Stability Board
, 51
Financing methods
, 200
Financing models
, 178
Firm standardized idiosyncratic residual
, 57
First Investment Company (FIC)
, 122
Four Ps and Cs in marketing discipline
, 212
Fourier transform
, 13
Frequency
, 14
FTSE Global Islamic Indies
, 136
Funding sources
, 139
Gain international portfolio diversification benefits
, 16
Gender inequality
, 96
Generalized ARCH (GARCH)
, 10
Generalized linear models (GLM)
, 231
Generalized method of moments (GMM)
, 231
Gharar
, 44–45, 114, 119, 196
Global economic recession
, 38
Global financial crisis (2007–2008)
, 2, 18–19, 123–124, 190
Global financial market
, 114
Global Findex
, 137
Globalization
, 2, 5, 6
Grameen Bank model
, 70
Grubel modeled international portfolio diversification
, 9
Gulf Cooperation Council (GCC)
, 48, 117
Healthy financial systems
, 38
Hedonic determinants
, 190
Higher income group
, 72
Housing finance products
, 190
HSBC
, 208
i-Biz Cash
, 133
i-Enterprise Premises Financing
, 133
i-Rolling Expenditure Advance Cash Scheme
, 133
IDB Co-financing
, 133
Idiosyncratic characteristics
, 52
Ijara sukuk
, 149
Ijarah (leasing)
, 123, 181, 195, 199
Import Financing-i
, 133
Inclusive financial services
, 94
Income groups
, 72
Indonesia, Islamic finance in
, 98
Institutional mechanism
, 83–84
Institutional uniformity
, 224
Interest and usury prohibition
, 40–41
Interest rate
, 190
Interest rejection
, 103
Interest-based conventional financial system
, 121
Interest-free
financing methods
, 181
Islamic financing models
, 175
loans
, 41
modeling
, 196
Interest-only mortgage
, 198
Internal rating based risk weighting approach
, 139
International banks
, 208
International equity markets integration
, 2
International Islamic Fiqh Academy of Organization of Islamic Cooperation (IFA-OIC)
, 126
International Monetary Fund (IMF)
, 146, 208
International portfolio diversification
, 2, 6–7, 9, 18–20
applied methodology
, 10
Asian Islamic stock market investors invest in USA, European, or BRIC markets
, 16–18
co-movement among financial markets
, 5–6
CWT and wavelet coherence
, 13–15
data analysis and empirical results
, 15
descriptive statistics
, 15–16
Islamic stocks and portfolio diversification
, 7–9
literature review
, 5
MGARCH and DCC
, 10–11, 27–34
MODWT
, 11–13
MODWT–wavelet correlation charts and underlying numbers
, 35–36
robustness and validation of results–application of MODWT
, 21
strategy
, 18
summary of empirical results
, 21–22
theoretical underpinnings
, 9–10
time-varying and time-scale-dependent correlations
, 7
International stock
markets
, 2
portfolios
, 6
Interpretation
, 53, 131, 156, 214
Invest in “people”
, 82
Investment
accounts holders
, 42
banks
, 131
deposits
, 42–43
Investor stock holding periods
, 18–20
Involuntary financial exclusion
, 94
Islami Bank Bangladesh Limited (IBBL)
, 71
Islamic
MCIs
, 89
MFIs
, 70
political party systems
, 224
principles
, 95
products and services
, 82–83
share
, 100–101
Shariah standards
, 45
Islamic bank/banking (IB)
, 38, 136, 149, 208
customers’ knowledge
, 214–215
data
, 55
empirical evidence for stability
, 45–49
Islamic financial arrangements
, 41–44
methodology
, 55
operating principles
, 94
prohibition of excessive uncertainty
, 44–45
prohibition of interest and usury
, 40–41
prohibition of Shariah non-halal transactions
, 45
restrictions on money for money transactions
, 44
results
, 59–62
risk measures
, 55–58
SRISK definitions and measurements
, 49–54
systems
, 224
theoretical basis for unique risk features
, 39–45
theoretical basis for unique risk features of
, 39
“Islamic Bonds”
, 114
Islamic capital structure of corporation
, 149
Islamic Equity Funds (IEFs)
, 8
Islamic financial development
econometric strategy and data
, 225–228
evidence
, 228–231
financial development
, 223–224
GMM estimations
, 235
models and results
, 231–233
OLS and GLM estimations
, 234
political Islam, democratization, and
, 225
Islamic Financial Institutions (IFIs)
, 73, 130, 136–137
Islamic financial/finance
, 95
arrangements
, 41–44
data
, 99
economic indicators
, 103
empirical results
, 99
industry
, 82, 114
instruments
, 124–125
literature review
, 95–98
markets
, 3
methodology
, 98–99
pairwise correlations and interest rejection
, 102
pairwise correlations from religious responders
, 105, 106
PM applicability in
, 200–201
PM design in
, 195–197
principles
, 197
sector
, 2–3
services
, 99
summary statistics
, 101
system
, 40
total religious index
, 100
univariate test and interest rejection
, 104
Islamic Law of Contracts
, 2–3
Islamic microcredit
borrowers
, 81
framework
, 84
institutions
, 90
Islamic stocks
markets
, 5
and portfolio diversification
, 7–9
profitability
, 47
Isolation effect
, 150
Jakarta Islamic Index
, 8
Japanese stock market
, 6–7
Kahlifah
, 131
Kaiser–Meyer–Olkin test (KMO test)
, 78, 80
Kolmogorov-Smirnov Goodness-of-Fit
, 32
Kuala Lumpur Shariah Index
, 8
Labor and capital partnership
, (see Mudharabah)
Lease-based contracts
, 41
Limited mudarabah
, 179
Liquidity risk
, 40
Loan
application
, 75
balance
, 198
process
, 73, 79
quality
, 139
Loan-to-value (LTV)
, 199
Long-run marginal expected shortfall (LRMES)
, 52
Long-term investors
, 20
Lower income group
, 72
Machining and Equipment Financing-i
, 133
Macroeconomic
determinants of housing demand
, 190
level shock
, 50
variables
, 13
Malaysia, Islamic finance in
, 137
Malaysian Talam Corporation Bhd
, 116
Marginal expected shortfall (MES)
, 51, 55–57
Market
BRIC
, 20
co-movement among financial
, 5–6
conventional stock
, 5
European
, 20
factors
, 212
failures
, 135
financial
, 147, 224, 233
global financial
, 114
international stock
, 2
Islamic finance
, 3
Japanese stock
, 6–7
market-based systemic risk measures
, 55
real estate
, 190
stock
, 147
Maturity mismatch
, 178
Maximum overlap discrete wavelet transformation (MODWT)
, 4, 11–13
MODWT–wavelet correlation charts and underlying numbers
, 35–36
robustness and validation of results–application
, 21
Maysir
, 44–45, 114, 119
MGARCH
, 10–11
Micro-entrepreneurs
, 72
Microcredit
, 70
industry
, 76
Microcredit borrowers, overall satisfaction of
, 80–81
Microcredit Regulatory Authority (MRA)
, 72
Microeconomic level events
, 50
Microfinance (MCIs)
, 70, 137, 179
funds in Bangladesh
, 91
services
, 84
Microfinance institutions (MFIs)
, 135
Mimicking conventional bonds
, 117
Moderate-length filter
, 14
Modern Portfolio Theory
, 9
Modus operandi of classical mudarabah
, 177
Money for money transactions, restrictions on
, 44
Mortgage rate
, 194
in PM structure
, 199
Mortgage-based products
, 190
Mudarabah
, 41, 149, 176, 178, 179, 196, 199, 200
fund collection method
, 176–177
partnership arrangement with depositors
, 42
partnership financing transactions of
, 43
practical problems of classical
, 177–179
Mudarip
, 177, 180
Multicollinearity problem
, 80
Multivariate analysis
for Islamic practice and economic indicators
, 107, 110
of Islamic practice and social indicators.
, 106–107
Multivariate Brownian processes
, 54
Multivariate generalized autoregressive conditional heteroscedastic–dynamic conditional correlations (MGARCH–DCC)
, 4, 10, 27–34
Murabahah
, (see Bai’ Bithaman Ajil (BBA))
Musaqah
, 200
Musharakah (see Musharakah Mutanaqisah (MM))
Musharakah Mutanaqisah (MM)
, 83, 149, 176, 178, 180, 195, 196, 200
Musharakah Sukuk
, 149
Muslim democratic countries
, 224
Muzara’ah
, 200
Nakheel Restructuring (UAE)
, 123–124
National Financial Inclusion Strategy
, 83
National income per capita
, 95–96
Non-financial support
, 218
Non-Muslim countries
, 208
Non-profit-oriented microfinance
, 179
Nonborrowers
, 72
Nonstationary process
, 12
Objective knowledge
, 210
Online Islamic banking patronage
, 216
Ordinary least squares (OLS)
, 231
Organization for Economic Co-operation and Development (OECD)
, 146
corporation’s stimulated threshold for debt in
, 158–169
online library
, 160
Organization of Islamic Conference (OIC)
, 47
“Out of gharar”
, 196, 200–201
Outstanding loan balance (OLB)
, 198
Overshadowing financial inclusion and marketing of MCI services
, 84
Ownership
, 114
Paddy Cash-i
, 133
Participating mortgages (PMs)
, 190, 191
applicability in Islamic finance
, 200–201
challenges
, 201–202
contributions
, 194–195
design in Islamic finance
, 195–197
fields of application
, 202–203
history and literature
, 192–193
implications
, 200
mechanism
, 193
model
, 197–200
securitization
, 201
types
, 192
Participating Preferred Ijarah (PPI)
, 195, 196
Partnership financing transactions
, 43
Partnership in agriculture
, (see muzara’ah)
Partnership in gardening
, (see musaqah)
Partnership of profit and loss
, (see Musharakah)
Partnership-based contacts
, 176
Partnership-based investments
, 44
Patronage
, 218–219
Paying salary
, 181
Payment system
, 75
Penn World Tables
, 160
Personal-level surveys
, 95
responses
, 98
Perspective tolerance
, 100, 101, 103, 105, 107
Policy implications
discussion of findings
, 81
institutional mechanism, credit monitoring, and social development
, 83–84
invest in “people”
, 82
Islamic products and services
, 82–83
limitations of study
, 84–85
overshadowing financial inclusion and marketing of MCI services
, 84
Political interest
, 107
Political Islam and Islamic financial development
, 225–231
Post-crisis period
, 55
Post-default Sukuk restructuring
practical restructuring examples
, 122–123
restructuring of Sukuk
, 118–120
Shari’ah compliance
, 120–122
Sukuk defaults and importance of restructuring
, 115–118
Sukuk restructuring case studies
, 123–125
Post-financial crisis
, 17
Practical restructuring examples
, 122–123
Practical value
, 213
Pre-crisis period
, 55
Probability integral transform
, 33
Profit
equalization reserve
, 43
process
, 197
responsibility
, 82–83
sharing
, 194
Profit-and-loss sharing modes (PLS modes)
, 149
Profit-oriented microfinance
, 179
Profitability
, 141–142
Profit–loss sharing (PLS)
, 41
Prospect theory
, 150, 151
Public funds
, 131
Public Private Partnership financing
, 203
Qard al-hasan model
, 40, 179
Qard Hasana system
, 83
Rabb’ul mal
, 177
Random sampling technique
, 216
Real estate market
, 190
Real estate property value
, 197
Redistributive instruments
, 97
Reliability
, 78–79
Religious constraints
, 94–95
Religious Piety
, 100
Religious preferences
, 94
Retail banking
, 178
Return on assets (ROA)
, 138, 141
Return on equity (ROE)
, 141
Reverse mudarabah companies (RMCs)
, 176, 180, 183
buying idea
, 184–185
case studies on conventional practices
, 182–183
institutional alternatives
, 185
interest-free Islamic financing models
, 175–176
Islamic microfinance
, 179–180
no salary share profit
, 185
partnership-based models
, 183–184
pay salary share profit
, 185
SME Life Cycle
, 181
Riba
, 40–41, 44–45, 103, 114
Risk
allocation methods
, 53
risk-sharing financing instruments
, 97
risk-sharing strategy
, 193
sharing
, 196
vulnerability
, 38
Robustness and validation of results–application of MODWT
, 21
Royal Bank of Canada
, 208
Run-up phase
, 51
Rural development scheme (RDS)
, 85n1
Rural financial development
, 134–135
S&P Shari’ah Indices
, 136
Sampling adequacy
, 80
Sampling bias
, 80
SAWIT-i
, 133
Secularism
, 100
Securitization
, 201
Shared appreciation mortgages (SAM)
, 192–193, 200
Shared equity mortgages (SEM)
, 192, 193
Shared income mortgages (SIM)
, 192, 193
Shari’ah (Islamic law)
, 149, 208
compliance
, 120
debtor-friendly vs. creditor-friendly
, 121–122
indices
, 3
issues
, 118–120, 124–125
non-halal transactions prohibition
, 45
perspective
, 181
Shari’ah-compliant approach
, 121
Shari’ah-compliant financial institutions
, 137
Shari’ah-compliant nature
, 130
Shariah Supervisory Board
, 45
Shirkat-ul-inan form
, 180
Short-time Fourier transformation
, 13
SMEs
, 130, 137, 185
life cycle
, 181
SME Bank
, 133
Social capital concept
, 179–180
Social development
, 83–84
Social indicators
, 94, 102
Social justice in Islam
, 96–97
Social responsibility
, 82–83
Social value
, 213
Socially responsible investment
, 137
Socioeconomic value
, 70
Special purpose vehicles (SPVs)
, 120
Specialization problems
, 178
Speculative behavior
, 44–45
Spirit
, 120–122
Stability evidence of Islamic banks
, 45–49
Standard & Poor’s Indices
, 15
Standard Chartered
, 208
Standardization
, 196
Static trade-off theory
, 154
Stationary process
, 12
Status quo
, 151
Stochastic modeling
, 202
Stochastic processes
, 107, 197
Stocks
, 156
exchange correlations
, 7
market
, 147
market exchanges
, 2
Strict regulations supportive of avoiding Sukuk defaults
, 116
Structural integrities
, 116–117
Substance
, 120–122
Substantial risk factor
, 123–124
Sukuk
, 114, 137, 149
holders
, 116–117
structures
, 115
Sukuk al-“ijarah”
, 118
securities
, 114
Sukuk al-murabahah structure
, 118
Sukuk al-musharakah structure
, 118
Sukuk al-wakalah
, 122
Sukuk defaults
, 115
additional risks associated with
, 117
ambiguity and confusion
, 117–118
breach of contract
, 118
failure to pay on time
, 116
mimicking conventional bonds
, 117
strict regulations supportive of avoiding
, 116
structural integrities
, 116–117
Sukuk structuring
, 118
Sukuk restructuring
, 118–120, 123
Dana Gas Sukuk default
, 124–125
Nakheel Restructuring (UAE)
, 123–124
Supervisory approach
, 51
Systemic risk (SRISK)
, 51–52, 57
definitions and measurements
, 49–54
literature
, 54
measures
, 51
Systemically important financial institutions (SIFIs)
, 51
Takaful model
, 180
Taxation
, 178
Theoretical underpinnings
, 9–10
Time
, 14
Time-scale-dependent correlations
, 7
Time-variant country-fixed effects
, 98
Time-varying conditional correlation
, 54
Time-varying correlations
, 7
Too big to fail (TBTF)
, 52
Too interconnected to fail (TITF)
, 52
Total religious index
, 100
Total religious score
, 106
index
, 95, 98–99
Transparency of balance sheet
, 178
Trinity Corporation Bhd
, (see Malaysian Talam Corporation Bhd)
Trust
, 81
Underprivileged sectors
, 135
Univariate test and interest rejection
, 104
Unlimited mudarabah
, 179
Urbanization degrees
, 100
US Federal Reserve
, 194
Value
, 210, 213
conditional
, 213
customer
, 213
epistemic
, 213
practical
, 213
real estate property
, 197
social
, 213
socioeconomic
, 70
Value-at-Risk (VaR)
, 51, 58
Variance inflation factor (VIF)
, 78
Variance method
, 80
Viceregency
, (see Kahlifah)
Violence against women
, 96
Volatility
, 2
Volatility spillover
, 2
Wakalah-waqf model
, 180
Waqf
, 179, 185
Wavelet coherence
, 13–15
Wavelet cross-covariance
, 13
Word of mouth
, 219
World Bank
, 208
World Development Indicators
, 160
z-score indicator
, 48
Zakat
, 179, 180, 203
- Prelims
- Chapter 1 Investigating International Portfolio Diversification Opportunities for the Asian Islamic Stock Market Investors
- Chapter 2 Islamic Banks’ Resilience to Systemic Risks: Myth or Reality-Evidence from Bangladesh
- Chapter 3 Satisfaction with Islamic Microcredit Institutions: A Borrower-centric Approach
- Chapter 4 Religious Preference and Financial Inclusion: The Case for Islamic Finance
- Chapter 5 Post-Default Sukuk Restructuring: An Appraisal of Shari’ah Issues
- Chapter 6 Relevance of Development Financial Institutions in the presence of Islamic Financial Institutions
- Chapter 7 Corporation’s Threshold for Debt: Implications for Policy Reforms Toward Equity-Biased Corporate Tax System
- Chapter 8 “Reverse Mudarabah” an Alternative of Classical Mudarabah for Financing Small Businesses
- Chapter 9 Participating Mortgages: An Alternative to Housing Finance
- Chapter 10 Determinants of Customers’ Engagement with Islamic Banking
- Chapter 11 Political Islam, Democracy, and Islamic Finance Development
- Index