Islamic Finance Focus

Twitter: @FaroukRzk esok paper islamic finance weii. Aku x leh study islamic2 nie ptg2. Baru bukak, dah tido wei. Haha!! Kau exam ble??

farahnadiashams (farahCANTEK!) — Sun, 27 May 2012 08:03:08 +0000

@FaroukRzk esok paper islamic finance weii. Aku x leh study islamic2 nie ptg2. Baru bukak, dah tido wei. Haha!! Kau exam ble??

Twitter: @LeeyOmar hahaha, IBF-Islamic Banking Finance (new course under Econs) dan PS- Political sc (IRKHS).. hehehe

asrie_ismail (Asri Ismail) — Sun, 27 May 2012 07:38:44 +0000

@LeeyOmar hahaha, IBF-Islamic Banking Finance (new course under Econs) dan PS- Political sc (IRKHS).. hehehe

Twitter: Article | #Islamic #Finance: Is it really #Shariah-compliant? | Nazaha Markets http://t.co/GM2bWzgN

NazahaMarkets (NazahaMarkets) — Sun, 27 May 2012 07:36:28 +0000

Article | #Islamic #Finance: Is it really #Shariah-compliant? | Nazaha Markets http://t.co/GM2bWzgN

Twitter: News Wire | Appetite for #Islamic #Bonds rises despite “Grexit”-fears | Nazaha Markets http://t.co/9hingizR | #sukuk #islamic #finance

NazahaMarkets (NazahaMarkets) — Sun, 27 May 2012 07:36:02 +0000

News Wire | Appetite for #Islamic #Bonds rises despite “Grexit”-fears | Nazaha Markets http://t.co/9hingizR | #sukuk #islamic #finance

Twitter: Dome Advisory is launching a nationwide search for talented students in UK who can come up… http://t.co/PY0Gi7Gp

DonaldEstate (Donald Trump) — Sun, 27 May 2012 07:02:35 +0000

Dome Advisory is launching a nationwide search for talented students in UK who can come up… http://t.co/PY0Gi7Gp

Twitter: #IslamicFinance News Wire | Oman’s bank Nizwa attracts $1.77 bln in IPO: MUSCAT: Omani lender ... http://t.co/JDX4LjKd #Islamic #Finance

matveyvyalkov (Matvey Vyalkov) — Sun, 27 May 2012 06:11:18 +0000

#IslamicFinance News Wire | Oman’s bank Nizwa attracts $1.77 bln in IPO: MUSCAT: Omani lender ... http://t.co/JDX4LjKd #Islamic #Finance

Twitter: #IslamicFinance News Wire | Appetite for Islamic Bonds rises despite “Grexit”-fears: DUBAI, Ma... http://t.co/J5W8e1uH #Islamic #Finance

matveyvyalkov (Matvey Vyalkov) — Sun, 27 May 2012 06:11:18 +0000

#IslamicFinance News Wire | Appetite for Islamic Bonds rises despite “Grexit”-fears: DUBAI, Ma... http://t.co/J5W8e1uH #Islamic #Finance

Twitter: #IslamicFinance Article | Islamic Finance: Is it really Shariah-compliant?: As he delivered hi... http://t.co/3CfrfEdZ #Islamic #Finance

matveyvyalkov (Matvey Vyalkov) — Sun, 27 May 2012 06:11:17 +0000

#IslamicFinance Article | Islamic Finance: Is it really Shariah-compliant?: As he delivered hi... http://t.co/3CfrfEdZ #Islamic #Finance

Twitter: #IslamicFinance News Wire | Oman’s bank Nizwa attracts $1.77 bln in IPO: MUSCAT: Omani lender ... http://t.co/O7q5lrA8 #Islamic #Finance

MariaVyalkova (Maria Vyalkova) — Sun, 27 May 2012 06:11:17 +0000

#IslamicFinance News Wire | Oman’s bank Nizwa attracts $1.77 bln in IPO: MUSCAT: Omani lender ... http://t.co/O7q5lrA8 #Islamic #Finance

Twitter: #IslamicFinance News Wire | Appetite for Islamic Bonds rises despite “Grexit”-fears: DUBAI, Ma... http://t.co/JRxDOexN #Islamic #Finance

MariaVyalkova (Maria Vyalkova) — Sun, 27 May 2012 06:11:16 +0000

#IslamicFinance News Wire | Appetite for Islamic Bonds rises despite “Grexit”-fears: DUBAI, Ma... http://t.co/JRxDOexN #Islamic #Finance

Twitter: #IslamicFinance Article | Islamic Finance: Is it really Shariah-compliant?: As he delivered hi... http://t.co/sGANJXoa #Islamic #Finance

MariaVyalkova (Maria Vyalkova) — Sun, 27 May 2012 06:11:16 +0000

#IslamicFinance Article | Islamic Finance: Is it really Shariah-compliant?: As he delivered hi... http://t.co/sGANJXoa #Islamic #Finance

Twitter: Ekonomi Syariah ; The Future Of Islamic Finance: http://t.co/XRLpqVs4, Jakarta – Secara legalitas… http://t.co/287ensWZ

TSyariah (Tabloid Syariah) — Sun, 27 May 2012 06:06:03 +0000

Ekonomi Syariah ; The Future Of Islamic Finance: http://t.co/XRLpqVs4, Jakarta – Secara legalitas… http://t.co/287ensWZ

Twitter: RT @Dr_Ulrichsen: Acting head of EDB - Bahrain must rebuild its financial sector as one of many in Gulf with focus on specific niches such as Islamic finance

wisediplomat (Ahmed Bin Abdulaziz) — Sun, 27 May 2012 05:42:51 +0000

RT @Dr_Ulrichsen: Acting head of EDB - Bahrain must rebuild its financial sector as one of many in Gulf with focus on specific niches such as Islamic finance

Twitter: RT @Dr_Ulrichsen: Acting head of EDB - Bahrain must rebuild its financial sector as one of many in Gulf with focus on specific niches such as Islamic finance

Hani_Alhamly (Hani Ahmed) — Sun, 27 May 2012 05:22:17 +0000

RT @Dr_Ulrichsen: Acting head of EDB - Bahrain must rebuild its financial sector as one of many in Gulf with focus on specific niches such as Islamic finance

Twitter: #Islamic #Finance trainers introduce more #Sharia Standards... http://t.co/9I7T1M6N

ShariyahReview (SRB) — Sun, 27 May 2012 05:21:46 +0000

#Islamic #Finance trainers introduce more #Sharia Standards... http://t.co/9I7T1M6N

Journal Article: The control of the Shari'a Supervisory Board in the Islamic financial institutions

Samy Nathan Garas — Fri, 30 Mar 2012 00:00:00 +0000

Abstract

Purpose – The Islamic financial institutions (IFIs) maintain better control over their transactions than conventional financial institutions (CFIs) through the existence of Shari'a Supervisory Board (SSB) and Shari'a Control Department (SCD). The purpose of this paper is to highlight the superiority of Shari'a supervision over external audit and Shari'a audit over internal audit. The study identifies five independent variables that affect the SSB control: ex-ante Shari'a audit; ex-post Shari'a audit; SCD reporting to the SSB; corrective actions of SSB towards the management violations; and the number of SSB members. Design/methodology/approach – The variables are articulated in five hypotheses, which are tested by ordinary least square regression. The data are collected via a questionnaire which was sent to the SSB members of 219 IFIs in the Gulf Cooperation Council (GCC) countries. Findings – The results indicate that ex-ante Shari'a audit, ex-post Shari'a audit, and reporting of SCD are significantly related to the SSB control, whereas corrective actions and the number of SSB members have insignificant relation. Research limitations/implications – The research is focused on internal factors only, without considering other external factors such as stakeholders and regulators. Also, the research covered the GCC region alone. Practical implications – The research recommends testing the hypotheses in other geographies to generalize the results, and including external factors as well as shareholders and board of directors. Social implications – The research provides practical implications for the SCD role and calls for merging the SCD with the traditional internal audit department to reduce the excessive work of controlling. Originality/value – The paper contributes to the literature gap about the SSB. It is believed to be one of few studies that provide empirical evidence about the SSB control in the IFIs of the GCC region.

Journal Article: Financial market risk and gold investment in an emerging market: the case of Malaysia

Mansor H. Ibrahim — Fri, 30 Mar 2012 00:00:00 +0000

Abstract

Purpose – The purpose of this paper is to examine the relation between gold return and stock market return and whether its relation changes in times of consecutive negative market returns for an emerging market, Malaysia. Design/methodology/approach – The paper applies the autoregressive distributed model to link gold returns to stock returns with TGARCH/EGARCH error specification using daily data from August 1, 2001 to March 31, 2010, a total of 2,261 observations. Findings – A significant positive but low correlation is found between gold and once-lagged stock returns. Moreover, consecutive negative market returns do not seem to intensify the co-movement between the gold and stock markets as normally documented among national stock markets in times of financial turbulences. Indeed, there is some evidence that the gold market surges when faced with consecutive market declines. Practical implications – Based on these results, there are potential benefits of gold investment during periods of stock market slumps. The findings should prove useful for designing financial investment portfolios. Originality/value – The paper evaluates the role of gold from a domestic perspective, which should be more relevant to domestic investors in guarding against recurring heightened stock market risk.

Journal Article: Islamic banking and economic growth: the Indonesian experience

Muhamad Abduh, Mohd Azmi Omar — Fri, 30 Mar 2012 00:00:00 +0000

Abstract

Purpose – The purpose of this paper is to examine the short-run and the long-run relationships between Islamic banking development and economic growth in the case of Indonesia. Design/methodology/approach – Using quarterly data (2003:1-2010:2), this paper utilizes the bound testing approach of cointegration and error correction models, developed within an autoregressive distributed lag (ARDL) framework. Findings – The results demonstrate a significant relationship in short-run and long-run periods between Islamic financial development and economic growth. The relationship, however, is neither Schumpeter's supply-leading nor Robinson's demand-following. It appears to be bi-directional relationship. Originality/value – This paper uses empirical evidence to show the role of Islamic banks' financing towards economic performance of a country. To the best of the authors' knowledge, the study on the role of Islamic banking development towards economic growth is limited, particularly in the context of Indonesia.

Journal Article: A comparative study on the level of efficiency between Islamic and conventional banking systems in Malaysia

Mohamed Hisham Yahya, Junaina Muhammad, Abdul Razak Abdul Hadi — Fri, 30 Mar 2012 00:00:00 +0000

Abstract

Purpose – The purpose of this paper is to study the difference (or lack of difference) in the efficiency level of Islamic and conventional banking in Malaysia. Are the Islamic banks performing as good as the conventional banks, even though they are constrained by Islamic tenets? Design/methodology/approach – Data envelopment analysis is used to measure the efficiency levels of banks in both sectors. Findings – It is found that there is no significant difference in the level of efficiency between Islamic banks and conventional banks. Research limitations/implications – The period of study is only three years, with only two banks which have been operating for more than three years, while the other Islamic banks in this study are just beginning their operation in Islamic banking. The inclusion of foreign banks operating in Malaysia in this analysis might distort the findings, as foreign banks have different capital structures and objectives compared to local ones. Practical implications – The paper shows that even though Islamic banks are limited by Islamic tenets in their operations, they are able to maintain a performance that is equivalent to the conventional banks. Originality/value – The paper makes comparisons of the efficiency levels between two different banking systems.

Journal Article: Formulating withdrawal risk and bankruptcy risk in Islamic banking

Rifki Ismal — Fri, 30 Mar 2012 00:00:00 +0000

Abstract

Purpose – The purpose of this paper is to formulate both withdrawal risk and bankruptcy risk to mitigate the risks and to find the equilibrium area of revenue sharing to depositors. Taking the case of the Indonesian Islamic banking industry, this work might benefit the Islamic banks, banking regulators and all stakeholders to manage the risks and maintain the robust development of the industry. Design/methodology/approach – First, the application of revenue sharing ratio in Islamic banks is studied. Withdrawal risk might happen because of the displaced commercial risk and bankruptcy occurs when the banks fail to manage such withdrawal risk. Referring to that, by using a mathematical approach, the formulas of withdrawal risk and bankruptcy risk are created with some underlying scenarios. Finally, mathematical formula and three dimensions area of the equilibrium revenue sharing ratio are developed. Findings – The paper generates the financial mathematical formulas to assess the vulnerable and invulnerable conditions of the withdrawal risk and the bankruptcy and solvency conditions of the bankruptcy risk to be used by decision makers to mitigate the risks. The ultimate output of the paper is the equilibrium area of the revenue sharing ratio, which locates Islamic banks in a proper condition of no withdrawal risk and bankruptcy risk. Originality/value – To the best of the author's knowledge, this is the first paper trying to analyze the issues under the Indonesian case.

Journal Article: Editor’s notes

Fri, 30 Mar 2012 00:00:00 +0000

Blog Reference: New Tag Results, from Technorati and Ingboo

webmaster@technorati.com — Thu, 04 Mar 2010 23:00:00 +0000

Technorati and Ingboo have partnered together to provide an all new kind of subscription experience for Technorati content, including tagged posts. Look for a blue Ingboo icon for a full range of subscription options.

Feeds are also available for:

Hottest Blogosphere Posts

Latest Original Articles from Technorati

The Technorati Blog

We also have channel feeds, writer feeds, and editorial tag feeds, which can be found on their respective pages.

Weblink: QFINANCE - Islamic Finance Resources

Mon, 23 Nov 2009 15:20:26 +0000

Books, Journals, Magazines and web-resources compiled by QFINANCE.

Weblink: QFINANCE - Business Ethics in Islamic Finance Checklist

Mon, 23 Nov 2009 15:15:33 +0000

This checklist summarizes how Islamic business operates within the strict moral values and principles enshrined in shariah law.

Weblink: Global Islamic Finance Centre

Mon, 24 Aug 2009 07:36:47 +0000

A blog by Ahmad Sanusi Husain offering information on Islamic finance, commerce and the economy.

Weblink: Derivatives in Islamic Finance

Mon, 04 May 2009 10:38:36 +0000

By Andreas A. Jobst International Monetary Fund (IMF) - Monetary and Capital Markets Department (MCM).

Weblink: The Economics of Islamic Finance and Securitization (2007)

Mon, 04 May 2009 10:37:12 +0000

By Andreas A. Jobst - International Monetary Fund (IMF) - Monetary and Capital Markets Department (MCM)

Company: Bank of London and the Middle East

Fri, 10 Apr 2009 13:49:10 +0000

London, GB -

Weblink: List of Islamic Banks at MoneyScience

Mon, 24 Nov 2008 20:44:52 +0000

Compiled in the MoneyScience Financial Services Directory.

Company: CIMB Group

Wed, 15 Oct 2008 10:39:38 +0000

Kuala Lumpur, MY - CIMB Bank Berhad the commercial banking arm of CIMB Group, offering retail banking services to over 4.7 million customers in Malaysia.

Weblink: Islamic Finance podcast

Wed, 10 Sep 2008 09:37:57 +0000

The podcasts are taken from a presentation given to the Institute of Islamic Banking and Insurance, an organisation whose main purpose is to increase knowledge and awareness of Islamic finance in the UK.

Weblink: Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI)

Tue, 24 Jun 2008 08:44:44 +0000

AAOIFI is an Islamic international autonomous non-for-profit corporate body that prepares accounting, auditing, governance, ethics and Shari'a standards for Islamic financial institutions and the industry. Professional qualification programs (notably CIPA, the Shari'a Adviser and Auditor "CSAA", and the corporate compliance program) are presented now by AAOIFI in its efforts to enhance the industry's human resources base and governance structures.

Weblink: Islamic economic jurisprudence at Wikipedia

Tue, 24 Jun 2008 08:42:36 +0000

Islamic economics can refer to the application of Islamic law to economic activity either where Islamic rule is in force or where it is not; i.e. it can refer to the creation of an Islamic economic system, or to simply following Islamic law in regards to spending, saving, investing, giving, etc. where the state does not follow Islamic law.

Weblink: eLibrary in Islamic Law, Economics, Business and Finance

Tue, 24 Jun 2008 08:38:24 +0000

Resources in this e-library are in the form of Articles, Power Point Presentations, Discussions, Monographs and E-Books.

Weblink: Centre for Islamic Economics

Tue, 24 Jun 2008 08:35:24 +0000

CIE aspires to be a premier institution promoting the guidelines of Islamic Economic System by extending professional training facilities, organizing international conferences and undertaking research to enable the economic, financial and banking activities to conform to Shari'ah

Company: Nucleus Software Exports Ltd

Tue, 24 Jun 2008 08:22:13 +0000

Noida, IN -

Company: Millenium Information Solution Ltd

Tue, 24 Jun 2008 08:18:42 +0000

Dhaka, BD -

Weblink: Institute of Islamic Banking and Insurance

Mon, 23 Jun 2008 21:30:09 +0000

The mission of the Institute of Islamic Banking and Insurance London is to be a centre of excellence for professional education, training, research and related activities to build a wider knowledge base and deeper understanding of the world of finance promoting the Islamic principles of equity, socio-economic justice and inclusiveness.

Weblink: International Journal of Islamic and Middle Eastern Finance and Management

Thu, 12 Jun 2008 11:26:03 +0000

International Journal of Islamic and Middle Eastern Finance and Management will serve as a central repository for research in the field, bridging the interests of scholars and practitioners and bringing the results of research and product development to the attention of the international financial and business management community.

Weblink: The rise of Islamic finance

Tue, 27 May 2008 09:12:48 +0000

The notion of ethical investing goes back at least to 1758, when the Quakers banned profiting from the slave trade. But the market for ethical investments has always remained a niche. The goals of maximizing profit and fulfilling a moral agenda conflict more often than they complement one another, and investors who want to put ethics first have turned out to be relatively few.

Weblink: Islamic Banking and Finance Channel on YouTube

Thu, 01 May 2008 08:43:27 +0000

Weblink: Islamic Financial Services Board

Wed, 29 Aug 2007 09:21:26 +0000

The Islamic Financial Services Board (IFSB) is an international standard-setting organisation that promotes and enhances the soundness and stability of the Islamic financial services industry by issuing global prudential standards and guiding principles for the industry, broadly defined to include banking, capital markets and insurance sectors.

Company: Path Solutions

London, UK -