Perceptions of Waqf Reporting Practices by State Religious Islamic Councils Islam, Ummah, Waqf, Zakat

Nowcasting Turkish GDP with MIDAS: Role of Functional Form of the Lag Polynomial Sales

In early October 2019, both the Central Bank of the United Arab Emirates and the Saudi Arabian Capital Market Authority took steps to promote crowdfunding in their jurisdictions. With these measures, both authorities seek to support small and medium size businesses (SME), which continue to face problems in procuring funding from conventional lenders. According to figures from the UAE central bank, between 50% and 70% of loan applications made by SMEs to banks in the Emirates are denied. SMEs in the Kingdom face similar challenges. Consequently, alternative means of financing play a significant...

The Islamic finance industry remains underrepresented in the export and trade finance market — a growth market with significant potential. This sector is still firmly in the hands of conventional lenders, even with respect to lending for trade activities in Muslim-majority countries. Some Islamic financial institutions, however, seek to expand their trade finance business by overhauling their products and combining them with new offerings to grab a larger slice of the pie in a market that is seeing conventional lenders retreat due to increasingly burdensome regulatory constraints. My recent co...

In a recent decision, the higher regional court (Oberlandesgericht) of Hamm, Germany, took a similar approach, finding that while an Islamic financing structure of an acquisition of German real estate could be seen as including multiple transfer acts, it should not trigger multiple real estate transfer tax payments. Considering that — depending on the German federal state (Bundesland) the property is located in — RETT rates can be as high as 6.5%, this decision is a welcome clarification of the German RETT regime that has the potential to entice real estate investors seeking Shariah compliant...

Islamic Banking and Macroeconomic Growth Nexus: Facts or FeintIslamic banking, Shariah, Credit Risk

The Perception on the Contribution of Islamic Banks and Islamic Windows Towards the Growth of Nigerian EconomyIslam, Islamic banking, Riba

How Do Credits Dollarize? The Role of Firm’s Natural Hedges, Banks’ Core and Non-Core LiabilitiesSales

Role of Remuneration and Board Characteristics for Bank Performance A Study Based on Conventional and Islamic Banking ComparisonIslamic banking, Shariah, Zakat

Sustainable and Responsible Investment Roadmap for the Malaysian Capital MarketSukuk