Malaysian legal system is derived from the English Common Law tradition and characterised by substantial flexibility. Among the flexibilities is the existence of a special court for Muslims, administering family matters based on Islamic jurisprudence, the Shariah law. Both Civil and Shariah courts in Malaysia stand side by side for more than 50 years. Today, with the application of information ...

This paper discusses the legitimacy of securitizing central bank receivables from government and banking system in Iranian financial market making use this instrument to conduct monetary policy. Ijtihad or independent jurisprudential reasoning based on Imamiah Fiqh (prevailing Islamic system), is used as methodology. The results show that considering ‘ownership unity’ between bank, government, ...

The Study of this deeply thought and compiled article is no doubt equal to the study of several bulky books regarding Islamic Legislation. First of all, the origin and definition of the word "Law" is a wonderful effort. The definition and detailed account of the objectives of Shriah occupies the status of the main plot of this article. This main plot has been well supported by Quranic verses an...

Throughout the developing world, countless people live without access to basic financial services, and physical banking infrastructure is often inaccessible. These constraints have led to the rise of mobile money, or branchless banking, systems that offer financial services to people who may not have access to conventional banks. Despite their utility, these services do not always integrate str...

Internet banking is changing the banking industry, having the major effects on banking relationships. Banking is now no longer confined to the branches were one has to approach the branch in person, to withdraw cash or deposit a cheque or request a statement of accounts. In true Internet banking, any inquiry or transaction is processed online without any reference to the branch (anywhere bankin...

The restrictions of a shariah-compliant index could have consequences for corporate finance. This research investigates the difference in cash holding policies between and conventional firms Indonesia capital market. Our empirical results suggest that firm holds significantly less compared to firm. finding still maintains after excluding top performers market controlling other proxies holdings ...

The problem of liquidity raises a lot questions regarding the products and services that Islamic banks offer to their customers. purpose this paper is examine applicability tawarruq as cash financing instrument possibility using an alternative bai al-inah in Somalia. This study focuses on awareness, need for tawarruq, comparability, behavioral intention use relative benefit function Shariah sch...

many public policy programs fail to translate ambitious headlines to on-the-ground action. the reasons for this are many and varied, but for public administration and management scholars a large part of the gap between ambition and achievement is the challenge associated with the operation of the machinery of government itself, and how it relates to the other parties that it relies on to fulfil...