International Journal of Islamic and Middle Eastern Finance and Management: Volume 16 Issue 1

Examining sustainable Shari’ah compliance under shirkah-ul-milk: does Shari’ah-compliant risk matter

Mohammad Nazim Uddin

Shari’ah compliance has been a subject of debate to academics, Islamic scholars and practitioners since its inception in 1983. Besides a wide range of publications in Shari’ah…

Ownership in Islamic banks: how home country development influences the performance of foreign Islamic banks

Andrew Tek Wei Saw, Siong Hook Law, Ribed Vianneca W. Jubilee, Seng Loong Chang

This study aims to assess the performance of domestic and foreign Islamic banks as well as the influence of foreign banks’ home country development influence on the performance of…

Evolution of trust in hawala networks – business relationships analysis from inception to maturity

Khurram Sharif, Mohd. Nishat Faisal, Norizan Kassim, Mohamed Zain

Trust within hawala networks (HN) (a type of deeply embedded informal value transfer network) has been associated with minimal bureaucracy, relationship versatility and low…

Volatility spillover effect between Pakistan and Shanghai Stock Exchanges using copula and dynamic conditional correlation model

Fahim Afzal, Tonmoy Toufic Choudhury, Muhammad Kamran

Because of the growing financial market integration, China’s stock market’s volatility spillover effect has gradually increased. Traditional strategies do not capture stock…

Profit- and loss-sharing partnership: the case of the two-tier mudharaba in Islamic banking

Amine Ben Amar, AbdelKader O. El Alaoui

The purpose of this study is to understand the profit-sharing structure at equilibrium of the two-tier mudharaba contract in a pure Islamic banking system and then in a dual…

Investigating similarities between Islamic and conventional banks in GCC countries: a dynamic time warping approach

Mohamed Sadok Gassouma, Adel Benhamed, Ghassen El Montasser

Several studies have studied the points that distinguish Islamic banks from conventional ones. The corresponding conclusions are a bit contradictory. This paper aims to study the…

Strategies implementing cash waqf system for Baitul Maal wat Tamwil to improve its commercial and social activities

Ascarya Ascarya, Atika Rukminastiti Masrifah

This study aims to devise policies in implementing cash waqf system of Baitul Maal wat Tamwil (BMT) in Indonesia, enabling the BMT to optimize its commercial and social activities…

Twelve years of research in The International Journal of Islamic and Middle Eastern Finance and Management: a bibliometric analysis

Wu Yihua, Fanchen Meng, Muhammad Farrukh, Ali Raza, Imtiaz Alam

This study aims to analyze the International Journal of Islamic and Middle Eastern Finance and Management (IMEFM) publication structure based on broad criteria including…

Islamic approach to corporate social responsibility: an international model for Islamic banks

Aida Hanic, Edib Smolo

This study aims to present a corporate social responsibility (CSR) model that would apply to Islamic banks, considering the international aspect of social responsibility because…

The application of hibah al-ʿumra in disbursement of family Takāful benefits: an exploratory study

Md. Habibur Rahman, Md. Faruk Abdullah, Muhammad Nazmul Hoque, Abu Umar Faruq Ahmad

This study aims to investigate and propose the potential practice of hibah al-ʿumra as a Shari‘ah-compliant policy that would encompass the disbursement of death benefits and…

The heterogeneous effect of leverage on firm performance: a quantile regression analysis

Wafa Ghardallou

The purpose of this study is to look at the effect of financial leverage on the performance of Saudi listed companies. It particularly proposes to examine the heterogeneity of…