Abstract This article discusses religiously motivated financial behaviour among young Muslims in Finland. The aim of the is to provide empirical knowledge Islam-based views on rejecting interest-based loans and implications this Finnish Muslims. research questions are: What are reasons motivations for bank loans? Are there alternative modes financing? impacts rejection personal investments, inc...

a. Board of Governors of the Federal Reserve System: Press Release, Dec. 16, 2015. This benchmark is the short-term interest rate at which commercial banks lend to each other on loans they receive from their regional Federal Reserve Bank’s lending facility. Since 2008, the Fed has held the rate at 0 to 0.25 percent, reflecting its effort to inject dollars into the economy through low rate short...

This paper analyzes the linkages between credit supply conditions and bank lending. Building on the recent work of Gilchrist and Zakraǰsek [2011], we use the excess bond premium—a component of corporate credit spreads designed to measure shifts in the risk attitudes of financial intermediaries—to empirically identify credit supply shocks. Our results indicate that shocks to the excess bond prem...

Stock loans are collateral loans with stocks used as the collateral. This paper is concerned with a stock loan valuation problem in which the underlying stock price is modeled as an exponential phase-type Lévy model. The valuation problem is formulated as the optimal stopping problem of a perpetual American option with a time-varying exercise price. When a transformation is applied to the perpe...

Different countries have implemented various methods in their poverty elimination programs. Redistribution policies, financing low income groups, subsidizing, enhancing the capabilities of the poor, and… are among the traditional policies for poverty elimination programs. The study of concept of poverty is always one of the most important considerations in Islamic thoughts. Islamic Shariat wit...