International Journal of Islamic and Middle Eastern Finance and Management: Volume 17 Issue 6

Sustainable and responsible investment (SRI) Sukuk: lessons from Khazanah’s Sukuk Ihsan

Ziyaad Mahomed, Azmy Mahbot

SRI Sukuk, with its outcome-based emphasis, aims to align the Islamic finance industry with its original ideals and address criticisms related to form over substance. In Malaysia…

Heterogeneous stock market impact of Russia–Ukraine War for oil and gas companies

António Miguel Martins, Pedro Correia, Ricardo Gouveia

This paper aims to examine the short-term market impact of the beginning of the military conflict between Russia and Ukraine (24 February 2022), the world’s largest oil and gas…

The effect of corporate governance on financial fragility in non-financial companies: a Minskyian approach

Ibrahim N. Khatatbeh, Hamdi W. Samman, Wasfi A. Al Salamat, Rasmi Meqbel

This study aims to examine the effect of corporate governance (CG) mechanisms on financial fragility in non-financial corporations, using Nishi’s operationalization of Minsky’s…

The possibility of establishing an endowment (Waqf) from the Islamic financial institutions’ provisioned funds in the United Arab Emirates

Sofien Bessais, Habeebullah Zakariyah, Azman Mohd Noor

Islamic financial institutions (IFIs) can gather provisioned funds from various sources, but they are prohibited from incorporating these funds into their profits or using them…

Application of tàawun (mutual assistance) in cross-subsidisation of surplus among different takaful operators: an exploratory study in Malaysia

Md. Habibur Rahman, Md. Faruk Abdullah, Noor Mohammad Osmani, Nur Suhailah Zakiyyah Binti Aziz

This study aims to investigate the possibility of practicing cross-subsidisation of underwriting surplus among different takaful operators. It responds to the recent discussion…

An insight into the signaling role of Sharia status: a case from an emerging IPO market

Ali Albada

This study aims to examine the potential of Sharia status as ex ante information to signal the quality of an issuing firm by improving the decision-making process of potential…

Investigating the role of Fintech innovations and green finance toward sustainable economic development: a bibliometric analysis

Bakir Illahi Dar, Nemer Badwan, Jatinder Kumar

The purpose of this study is to present a bibliometric and network analysis that uses the Scopus and Dimension databases to provide new insights into the progression toward the…

The new legalities of Islamic contractual interpretation: institutional frameworks and the displacement of intention

Jonathan G. Ercanbrack, Ali Ali

This study aims to examine the extent to which traditional juristic approaches to determining intention in Islamic law are altered in the institutional framework and…

Exploring the stock market development and sustainable development nexus: insights from emerging market economies

Yilmaz Bayar, Valentin Toader, Marius Dan Gavriletea, Oguzhan Yelkesen

Sustainable development is considered a key factor in addressing environmental issues, global inequalities and poverty. This study aims to investigate the impact of stock market…

A proposed model for Zakah on financial instruments: accounting approach

Muhannad Ahmad Atmeh, Bassam Mohammad Maali, Usama Fendi

This paper aims to propose a model of Zakah treatment for financial instruments. The model depends on the link between the financial assets and liabilities that emerge from a…

Does diversity in top management and boards affect ESG performance? Evidence from Islamic and conventional banks in the MENA region

Mustafa Raza Rabbani, Madiha Kiran, Abul Bashar Bhuiyan, Ahmad Al-Hiyari

This study aims to investigate the impact of gender diversity in top management teams and boards on environmental, social and governance (ESG) performance. The authors propose a…

Economical rights versus God’s rights: criticising of the implementation Shariah economic in Indonesia

Muhammad Syauqi Bin-Armia, Muhammad Siddiq Armia, Muhammad Fazlurrahman Syarif

This study aims to evaluate the impact of Law No. 11 of 2018 on Islamic Financial Institutions in Aceh, Indonesia. It also aims to understand the balance between the economic…

Co-movements and spillovers in GCC financial and commodity markets during turbulent periods: a quantile VAR connectedness approach

Hind Alnafisah, Sahar Loukil, Azza Bejaoui, Ahmed Jeribi

This paper aims to analyze the connectedness between the natural gas, wheat, gold, Bitcoin and Gulf Cooperation Council (GCC) stock indices with the advent of exogenous and…

Factors affecting SMEs’ choice of banks in Oman: an emphasis on Islamic banks

Mohammad Dulal Miah, Norizan Mohd. Kassim, Mohammad Zain, Mohammad Usman

Commercial banks are the catalysts for meeting the financing needs of small and medium enterprises (SMEs). However, not all commercial banks are equally attractive to SMEs because…