The paper discusses key issues in the measurement and control of risks in Islamic Financial Services Institutions, particularly the implications of profit sharing investment accounts (PSIA) for risk measurement, risk management, capital adequacy and supervision. Cross country data on a sample of banks reveal a considerable smoothing of returns paid to PSIA, despite wide divergences in risk. Thi...

Knowledge of medieval Islamic medical practice has traditionally been based on the analysis of learned treatises. However, a comparison of the therapeutic advice advocated in formal treatises with treatments prescribed to patients has shown that the appeal to theory was to a large extent neglected in practice and, therefore, that theoretical works are not a reliable account of reality. From thi...

A description of the actual treatment of the insane in medieval Islamic society is a difficult task for three major reasons. First, the medical texts, especially the well-known treatise on insanity by Ishaq ibn 'Imran,2 give descriptions of various mental disturbances and their therapies; these accounts are, however, usually restricted to the Galenic tradition, are generally nonclinical, and do...

Islamic Finance is more than an asset class – it is a way of life lived by 1.6 billion Muslims around the world. But its reach goes even further – non-Islamic countries, governments, and businesses, have all invested in or issued Islamic securities for one reason or another. With the ongoing push of globalization of trade and finance, Islamic financial flows, long a localized phenomenon, have b...

Terrorist groups like the Islamic State of Iraq and Syria (ISIS) have exploited social media such as Twitter to spread their propaganda and to recruit new members. In this work we study the extent to which ISIS is able to spread their message beyond their immediate supporters. Are they operating in their own sphere with limited interaction with the overall community? Or are they well rooted amo...

Department of Community Medicine, International Islamic University, Malaysia. Department of Internal Medicine, International Islamic University, Malaysia. Institute of Education, International Islamic University, Malaysia. Hospital Tengku Ampuan Afzan, International Islamic University, Malaysia. Pharmaceutical Chemistry, International Islamic University, Malaysia. Department of Family Medicine,...