financial concepts and terms in conventional and Islamic banking, the impact of religion and language, and other individual variables on preferences for financial services. Data from a university graduate and undergraduate business students (n = 667) from the United Arab Emirates was used to investigate the role of financial knowledge, religion, and language on self-reported attitudes and prefe...

Islamic banking is considered as alternative to conventional banking. It focuses on profit/loss and risk sharing, than interest based deposit/lending followed in conventional banking. Conventional Banking cherishes a long history while Islamic banking gained importance in last few decades. The study review and compare performance of conventional banks and Islamic banks operating in GCC region d...

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...

The main purpose of this paper is to trace epistemological roots of conventional and Islamic finance. Based on an extensive literature review, this paper aims to highlight, explain, and discuss an ideal conventional and Islamic financial system. The ideal conventional financial system is discussed in light of various writings by Smith and Arrow, based on Arrow-Debreu model. On the other ...

circumstances and development of Muslim nations has been the subject of intense debate among Muslims and non-Muslims alike. Western critics of Islam or “Islamic civilization,” such as Bernard Lewis (1990) and Samuel Huntington (1993), have decried its economic irrationality, incompatibility with democracy, and failure to separate religion and state; while scholars such as Edward Said (2001:11) ...

While ideologies and elites change, patronage politics remains the preferred strategy of Central Asia’s autocrats. Aspiring presidents-for-life distribute wealth to handpicked appointees who reciprocate by implementing, to varying degrees, executive policy. Shared strategies of rule, however, do not translate into shared state capacity. The trains do not always run on time, and in many places i...

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...