This research emphasizes attitudinal difference of Malaysian customers about Islamic banking services. The banking service providers can gain excellent benefit from Islamic banking practices upon identification of these differences. A structured questionnaire was constructed to collect the necessary data to answer the research questions as being framed on related affective factors of attitudina...

a r t i c l e i n f o The Dow Jones Islamic Market indices (DJIMI) are constructed by screening out stocks that are incompatible with Islam's prohibition of interest and certain lines of business. However, as a blunt instrument, the interest rate can affect discounted cash flows of any firm, even a firm with no financial leverage. This study reveals that the aggregate portfolio of Islamic stock...

In a world in which the intellect has become synonymous with reason and intuition with a “biological” sixth sense concerned with foretelling future events, it becomes difficult to understand what intellect and intuition, these two key faculties upon which knowledge is based, can mean in the context of Islamic thought. To understand the meaning of these terms in the traditional Islamic universe ...

The recent history of Islamic finance is riddled with a number of paradoxes. First, there is a great rift between the economics literature on Islamic finance, and the practical approaches taken by financial experts and practitioners in the area. Second, despite two or more decades of rhetoric regarding the development of uniform standards for Islamic finance, the market remains largely segmente...

The authors regret that there is a mistake in the university name in one of the author’s affiliation. It is written over the article as ‘‘Al-ImamMuhammad Ibn Saud Islamic University’’. The correct one is as follows: Department of Mathematics and Statistics, College of Science, Al ImamMohammad Ibn Saud Islamic University (IMSIU), P.O. BOX 90950, 11623 Riyadh, Kingdom of Saudi Arabia The authors ...

This paper investigates the question of whether the phenomenon of Islamic finance who based on Shariah, or Islamic law is truly globalizing and spreading as a universal system of finance and banking. The paper also addresses various aspects of the globalization for Islamic finance, among other, the issue of the rise of Islamic banking in the world, Islamic jurisprudence and finance, global stan...

Assisted reproductive technology is widely practised around the world for the treatment of virtually all forms of infertility. The application of this technology in the Islamic world had been delayed for many years, based on the misconception that Islamic teachings do not approve assisted reproduction. The paper discusses derivation of Islamic rulings and its impact on the ethics of contemporar...

The rule of law entails government accountability, equal access to justice and the political process, efficient judicial and political systems, clear laws, generally stable laws, and the protection of fundamental human rights. This paper explores whether Islamic law conforms to these principles in theory and in practice. Three conclusions are reached. First, various early Islamic institutions w...

Patient-centred system of care is essential in managing many disorders such as diabetes mellitus. The cultural and religious context can influence the involvement of patients and their families in such a care. We intend to discuss patient-centred care in diabetology in view of Islam. For more clarification, we will take into consideration a few illustrative lines of argument in detail about sit...

Is Islam compatible with modern economic development? The poor development record of predominantly Muslim countries during the past century has led to claims that only a return to medieval Islamic institutions will produce economic growth in a manner that is compatible with Islamic culture. Using data from the thirteenth century Islamic Levant, this paper examines how one medieval Islamic insti...