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...

because iran’s economy is based on oil industry, related issues in this area are very important. one of the important issues in this context is the low participation of oil industry in the total portfolio of the insurance industry that suggests numerous challenges in the interaction between the two. in addition, the imposition of international sanctions against oil projects and oil shipping ins...

The analyses by the first ranked economists show that the economical growth of the countries that import oil or non-oil developing countries (NODCs) depends on the economical growth of the industrial countries. “Goldstein” & “Khan” by means of a long & complete verification show the dependence of the economical growth and “Callier” also claims this fact that the economical growth of the countri...

The trade-off theory assumes that there are benefits to leverage up until the optimal capital structure is reached. However, fact yet remains puzzled whether sukuk companies possess same effect because holds both debt and equity characteristics. topic prominent of increasing interest issuance in market, series financial distress occurrence especially among issuers. aims study twofold, first ide...

Financial instruments are one of the fundamental dimensions of financial markets that guarantee their efficiency and effectiveness of these markets. These instruments playe a main role in economy to direct money from saving sources to investment needs. These instruments provide possibility of financing companies from public and private sources and also are considered as investment instruments f...