Financial constraints and Islamic finance: Lesson learned from external financing perspective

Integrating Islamic Finance to Global Financial System: the Role of the Islamic Financial Services Board (IFSB)

A prudential framework is an important element in facilitating the successful integration of Islamic financial services to the global financial system. In recognition of this need, various stakeholders decided to establish the Islamic Financial Services Board (IFSB) to spearhead the development of a uniform set of prudential, supervisory and disclosure standards for the Islamic financial s...

Financial Development and Financing Constraints : International

Islamic Finance

The notion of " Islamic finance " was born during the tumultuous identity-politics years of the mid-twentieth century. Indian, Pakistani, and Arab thinkers contemplated independence from Britain, and independence of Pakistan from India, within a context of " Islamic society. " Islam was assumed to inspire political, economic, and financial systems that are distinctive and independent of the Wes...

Bitcoin and Islamic Finance

It is argued that a Bitcoin-style money-like informational commodity may constitute an effective instrument for the further development of Islamic Finance. The argument involves the following elements: (i) an application of circulation theory to Bitcoin with the objective to establish the implausibility of interest payment in connection with Bitcoin, (ii) viewing a Bitcoin-like system as a mone...

External and Internal Financial Structures in Europe: a Corporate Finance Perspective

The comparative performance of different systems of corporate governance, in turn, has been at the core of recent debates on how to reform financial market institutions. So far, the literature has treated the discussion of internal and external financial structures largely in isolation. However, few attempts have been made so far to combine these two strands of the literature and to analyze the...