Islamic banking is currently one of the fastest growing segments of the financial market industry, operating in over 75 countries through 300 institutions. While past literature has established the development of financial institutions as a determinant of economic growth, research on the correlation of the diffusion of Islamic banking with economic growth is limited. This study seeks to add to ...

Islamic bonds (sukuk) are proof of ownership tangible assets or investment activities, which funds obtained from the issuance used for purposes in accordance with sharia principles. In Indonesia, there three types outstanding bonds, namely ijarah, mudharabah, and wakalah contracts. Among contracts, ijarah contracts dominate Indonesia. This study uses qualitative methods literature techniques to...

This article examines the shift of contract objectives from what originally set for non-profit to business ones. Such is found in three contracts; wakalah (power attorney), hawalah (underground banking), and kafalah (guarantee). Referring their uses several Islamic financial products Indonesia comparing sharia resolution Sharia Authority Council Malaysia law (fiqh), majority these contracts pro...

This article examines the unique risks associated with Islamic financial institutions and the secular state’s reticence to directly regulate their religious dimension. It argues that the state’s method of regulating the Islamic financial industry ignores special reputational risks associated with the religious and cultural distinctiveness of Islamic banks. The Financial Services Authority (FSA)...

The aim of this paper is to evaluate the nature and changes of market concentration in the Malaysia’s Islamic banking due to the restructuring of Islamic banking industry within the liberalization wave in the banking market. A total of 17 Islamic banks operating over the period of 2000-2010 had been considered. The structural approach framework was used to evaluate the nature and changes of mar...

1Department of Physiology, Qom Branch, Islamic Azad University, Qom, IR Iran 2Department Of Biology, Qom branch, Islamic Azad University, Qom, IR Iran 3Department of chemistry, Qom branch, Islamic Azad university, Qom, IR Iran *Corresponding author: Ramesh Ahmadi, Department of chemistry, Qom branch, Islamic Azad university of Qom, 15 Khordad St, Qom, IR Iran. Tel:+98-2537780001, Fax:+982137770...

In this Article, the author addresses the traditional Islamic view of domestic violence. To understand the Islamic perspective on domestic violence, the author will explore the Islamic view of gender relations, especially within the family. This view is rooted in the Qur’an, which is examined in this Article. AN ISLAMIC PERSPECTIVE ON DOMESTIC VIOLENCE