Purpose – Islamic finance and socially responsible investing (SRI) have been two of the most rapidly growing areas of finance over the last two decades. During this period, they have each grown at rates that far exceed that of the financial markets as a whole. The purpose of this paper is to find similarities and commonalities of both markets and identifies how both could benefit from each othe...

Kevser Unal, Deny Susanti*, Muhammad Taher Department of Biomedical Science, Kulliyah of Science, International Islamic University Malaysia, Jalan Sultan Ahmad Shah, 25200 Kuantan, Pahang, Malaysia Department of Chemistry, Kulliyah of Science, International Islamic University Malaysia, Jalan Sultan Ahmad Shah, 25200 Kuantan, Pahang, Malaysia Department of Pharmaceutical Technology, Kulliyah of ...

Muslim-majority countries do not use formal financial services (Honohon 2007).1 Even when financial services are available, some people view conventional products as incompatible with the financial principles set forth in Islamic law. In recent years, some microfinance institutions (MFIs) have stepped in to service low-income Muslim clients who demand products consistent with Islamic financial ...

Department of Electrical and Computer Engineering, Parsian Institute of Higher Education, Qazvin, Iran E-mail: [email protected] Department of Computer Engineering, Faculty of Computer and IT, Islamic Azad University, Parand Branch, Parand, Tehran, Iran E-mail: [email protected] Department of Computer Engineering, Faculty of Engineering, Islamic Azad University, Karaj Branch, Karaj...

The rhetoric of Islamic banking – exemplified in this opening quote by one of the industry’s most prominent pioneers – is derived from its historical evolution as a model of two-tier silent partnership. In fact, Islamic banks have mimicked conventional bank assets – from receivables to bonds, with credit sale and lease-backed debt instruments. In the meantime, Islamic banks have continued to re...

1Biology Department, Faculty of Basic Sciences, Science and Research Branch, Islamic Azad University, Tehran, IR Iran 2Neurophysiology Research Center, Hamadan University of Medical Sciences, Hamadan, IR Iran 3Physiology Department, Medicine Faculty, Hamadan University of Medical Sciences, Hamadan, IR Iran 4Biology Department, Faculty of Basic Sciences, Hamadan Branch, Islamic Azad University, ...

The concept of Islamic or Shariah-compliant finance is based on core tenets of Islam concerning property rights, social and economic justice, wealth distribution, and governance. One of the key features of the system is prohibition of riba (interest) and gharar (ambiguous contracts or deals) (Kabir and Mahlkrecht 2011, 74; El-Gamal 2009, 58–60). There is consensus among scholars that the prohib...

1Department of Environmental Science, Faculty of Environment and Energy, Tehran Science and Research Branch, Islamic Azad University, Tehran, Iran 2Department of Environmental Engineering, Faculty of Environment and Energy, Tehran Science and Research Branch, Islamic Azad University, Tehran, Iran 3Department of Management, University of Tehran, Iran 4Department of Environmental Science, Faculty...

The purpose of this study is to calculate and examine the Islamic banks operating efficiency in Pakistan. It consists of 04(four) full-fledged Islamic Banks of Pakistan. The results of Liquidity & Profitability ratios and stochastic frontier approach using data of 2004 to 2011 showed positive patterns with respect to ROE, ROA and NPR. According to the achieved results, Meezan Islamic Bank can b...

Marwan Saad Azzubaidi *, Anil Kumar Saxena , Ahmed Ghazi Alattraqchi 3 and Abualrahman Mohammed Abdualkader 4 1 Department of Basic Medical Sciences, Faculty of Pharmacy, International Islamic University Malaysia, Kuantan, Malaysia. 2 Department of Basic Medical Sciences, Faculty of Medicine, International Islamic University Malaysia, Kuantan, Malaysia. 3 Biochemistry Unit, Faculty of Medicine,...