item: #1 of 145 id: ejif-1043 author: Trokic, Amela title: Islamic Accounting; History, Development and Prospects date: 2015-12-26 words: 4084 flesch: 43 summary: PROSPECTS OF ISLAMIC ACCOUNTING As is expressed in the previous sections, the contemporary experience of Islamic accounting is minimal, not surpassing three decades. Microsoft Word - 1043-3967-3-ED.doc http://www.ojs.unito.it/index.php/EJIF ISSN 2421-2172 1 Islamic Accounting; History, Development and Prospects * Center for Islamic Banking, Finance and Economics University of Sarajevo; University of Bolton + Heriot-Watt University; Politecnico di Milano; Umea University Abstract— the main objective of this paper is to discuss the history of Islamic accounting from its emersion to its subsequent development and expected growth in the future. keywords: aaoifi; accounting; finance; institutions; islamic; practices; prof; standards; system; university cache: ejif-1043.pdf plain text: ejif-1043.txt item: #2 of 145 id: ejif-1046 author: Prastowo, Lucky Nugroho title: ISLAMICS PRINCIPLE VERSUS GREEN MICROFINANCE date: 2015-12-26 words: 7347 flesch: 52 summary: The scope of this literature review is divided into four main sections: (1) Is Islamic perspective on economic activities has concern with the environmental issues?, (2) Why microfinance has an important role to implementing green microfinance activities?, (3) What's the link between Islamic principles and green microfinance activities, (4) Who has responsibilities on the implementation of green microfinance activities?. B. Why microfinance has an important role to implementing green microfinance activities?; keywords: activities; allah; development; environmental; green; hadith; human; islamic; journal; life; mfis; microfinance; people; prof; qur'an; university; vol cache: ejif-1046.pdf plain text: ejif-1046.txt item: #3 of 145 id: ejif-1075 author: Naqvi, Imran Haider; Naveed, Zainab title: Islamic Formula of Future Value of Asset date: 2015-12-26 words: 7546 flesch: 55 summary: Further Islam never aspires traders to adopt habit of such credit sale expect for needful cases or exceptional circumstances, while IFIs have made it a habit. This is a theoretical, analytical, and qualitative study that standardized Quran and Hadtih as yardstick to whet the quantitative formulas of economics and finance employed by various retailers and IFIs for computing future price or value of an asset they offer under credit sale in their calculators and software. keywords: asset; credit; f-1; formula; future; ifis; inflation; interest; islamic; price; quran; sale; speculation; study; value cache: ejif-1075.pdf plain text: ejif-1075.txt item: #4 of 145 id: ejif-1111 author: Zaki, Fatma; Hussainey, Khaled title: Conversions to Islamic Banks: Jurisprudence; Economic and AAOIFI Requirements date: 2015-12-26 words: 6952 flesch: 59 summary: Microsoft Word - 1111-4694-2-ED.doc http://www.ojs.unito.it/index.php/EJIF ISSN 2421-2172 1 Conversion into Islamic Banks: Jurisprudence, Economic and AAOIFI Requirements * Alexandria University (Egypt) & Doha institute for Graduate Studies (Qatar) Abstract - The objective of this study is to investigate the conventional banks conversion into Islamic banks. keywords: aaoifi; allah; banking; banks; board; branches; conversion; finance; institutions; interest; islamic; law; process; prof; quran; riba; sharia; transactions; university; usury; سورة; هللاَّ cache: ejif-1111.pdf plain text: ejif-1111.txt item: #5 of 145 id: ejif-1604 author: Trokic, Amela title: DEVELOPING AN ISLAMIC BOSNIAN DIASPORA MUTUAL FUND: ISLAMIC FINANCE, DIASPORA PHILANTHROPY AND THE ECONOMIC DEVELOPMENT OF BOSNIA AND HERZEGOVINA date: 2016-07-23 words: 6719 flesch: 45 summary: The Bosnian War in the late 1990s created a large Bosnian Diaspora population that resulted in significant increases in the country’s remittance inflows, which continue to account for a large percentage of Bosnia’s GDP. Not only does Bosnia have a significant Diaspora population to mobilize in the first place, but the dispersion of Bosnian Diaspora is an essential factor as well (Table 3). keywords: bosnia; country; development; diaspora; fund; herzegovina; islamic; migration; philanthropy; potential; remittances; youth cache: ejif-1604.pdf plain text: ejif-1604.txt item: #6 of 145 id: ejif-1609 author: Miglietta, Nicola; Battisti, Enrico title: Islamic and Traditional Corporate Finance: a Comparative Study on WACC date: 2016-04-29 words: 4922 flesch: 55 summary: Real Estate Basic Materials Industrial Consumer Healthcare Energy Technology Communication service Number of listed companies Shari'ah Compliant 66 87 119 213 10 21 47 6 Country Risk Premium (Damodaran, 2015) 1,80% 1,80% 1,80% 1,80% 1,80% 1,80% 1,80% 1,80% Risk Free Rate (Damodaran, 2015) Real Estate Basic materials Industrial Consumer Healthcare Energy Technology Utilities Financial service Number of listed company not Shari'ah Compliant 30 24 30 60 2 7 18 3 36 Country Risk Premium (Damodaran, 2015) 1,80% 1,80% 1,80% 1,80% 1,80% 1,80% 1,80% 1,80% 1,80% Risk Free (Damodaran, 2015) keywords: beta; capital; companies; compliant; cost; finance; islamic; lcsc; risk; shari’ah; wacc cache: ejif-1609.pdf plain text: ejif-1609.txt item: #7 of 145 id: ejif-1611 author: Biancone, Paolo Pietro; Shakhatreh, Mohammad Ziad title: Asset Life Sukuk to Fund Utility Companies date: 2017-03-13 words: 4985 flesch: 45 summary: [2] Many studies have focused on using Islamic finance in infrastructure investments, and many others have talked about Sukuk structures, but this study focuses on the utility sector and its investment characteristics. The paper suggests Sukuk structure with maturity according to the expected life of the underlying assets, and we called it assets life Sukuk, and by this structure:  keywords: assets; companies; finance; infrastructure; investment; issuance; life; prof; sector; shariah; sukuk; university; utilities; utility cache: ejif-1611.pdf plain text: ejif-1611.txt item: #8 of 145 id: ejif-1641 author: Saad, Auwal Adam; Ibrahim, Uzaimah Bt; Napiah, Muhammad Deen Mohd title: MURABAHAH SUKUK STRUCTURE: THE SHARIAH CHALLENGES AND THE WAY FORWARD date: 2016-04-29 words: 2043 flesch: 53 summary: Despite being debt instruments, Murabahah Sukuk certificates may still be negotiable if they form a small part of a larger portfolio comprising mostly of other negotiable instruments such as Ijarah Sukuk, Musharakah, and Mudarabah Sukuk. The paper discusses issues related to Murabahah Sukuk financing. keywords: asset; islamic; murabahah; price; prof; sukuk; university cache: ejif-1641.pdf plain text: ejif-1641.txt item: #9 of 145 id: ejif-1642 author: Ait Allali, Asma title: Corporate governance and Corporate Social Responsibility in Islamic Banking: The case of the Moroccan banks in Italy date: 2016-04-29 words: 7568 flesch: 30 summary: Finally, given the current absence of Islamic banks in Italy, we propose a case study concerning the possible introduction of Islamic Shari’ah-compliant financial products by Moroccan banks operating in Italy, after the introduction of the recent Moroccan law n° 103.12, approved on 25 November 2014, relating to the credit institutions, envisages the establishment of “Participative Banks” and the offering of Shari’ah-compliant financial products. Instead of the interest as a source of remuneration of its financial intermediation activities of conventional banks, Islamic banks have the basic principle of sharing the risk of losses and profits “Profit and Loss Sharing” (PLS) in financed transactions. keywords: bank; compliant; corporate; finance; governance; islamic; islamic bank; italy; law; management; moroccan; participative; participatory; products; shari‟ah; stakeholders cache: ejif-1642.pdf plain text: ejif-1642.txt item: #10 of 145 id: ejif-1644 author: Syed Azman, Syed Marwan; Engku Ali, Engku Rabiah Adawiah title: The potential of innovative financial tools: Social Impact Bond (SIB) and Sustainable and Responsible Investment (SRI) sukuk, towards the sustainable growth of the Islamic finance industry date: 2016-04-29 words: 6709 flesch: 53 summary: Therefore efforts to facilitate the development of SIB and SRI sukuk tools need to be established in order to address the challenges and risks involved. The paper finds that there is a growing interest in innovative tools such as SIB and SRI sukuk globally. keywords: bonds; finance; impact; industry; investment; islamic; malaysia; market; prof; risk; sharing; sib; sri; sukuk; tools; university cache: ejif-1644.pdf plain text: ejif-1644.txt item: #11 of 145 id: ejif-1649 author: Reno, Putri; Abdullah, Rose title: Risk Management Innovation of Islamic Financial Institutions date: 2016-04-29 words: 6867 flesch: 40 summary: Financial institutions face number of risks these can be classified in different ways such as business risks, operational risks and financial risks. As far as the business risks are concerned they arise from the nature of business while financial risks arise from the possible loss in financial market due to movement in financial variables. keywords: banking; business; finance; financial; gharar; institutions; islamic; management; market; need; process; prof; risk; risk management; shari’ah; university cache: ejif-1649.pdf plain text: ejif-1649.txt item: #12 of 145 id: ejif-1747 author: Mahfudz, Akhmad Afffandi; Ahmad, Nor Hayati; Mohd Yusoff, Rosylin; Naim, Asmadi Muhamad; Ali, Turkhan title: Restructuring Rental Rate Components to be More Innovative Sharia Compliance Product in Islamic Home Financing date: 2016-07-23 words: 5455 flesch: 53 summary: This paper also recommends the solution for default payment and at the same time addresses inconsistencies of MM contract offered by Islamic banks. Islamic banks might be resistant in accepting this newly proposed structure of rental rate since it generates lesser amount of profits. keywords: bank; contract; customer; financing; home; interest; islamic; issue; prof; rate; rental; sharia cache: ejif-1747.pdf plain text: ejif-1747.txt item: #13 of 145 id: ejif-1749 author: Redzuan, Nur Harena; Kassim, Salina title: House Price Index as an Alternative Pricing Benchmark for Islamic Home Financing: Evidence of Malaysia date: 2017-03-13 words: 5120 flesch: 54 summary: We propose that the house price index to be a viable benchmark of the real values of property to determine the price of Islamic home financing product. “Determining the viability of rental price to benchmark Islamic home financing products: Evidence from Malaysia” Benchmarking: An International Journal, Vol.18, No.1, 2011, pp. 69-85. keywords: benchmark; financing; home; house; hpi; index; interest; islamic; model; price; pricing; rate cache: ejif-1749.pdf plain text: ejif-1749.txt item: #14 of 145 id: ejif-1771 author: Achsien, Iggi Haruman; Purnamasari, Dien Lukita title: Islamic Crowd-funding as The Next Financial Innovation in Islamic Finance: Potential and Anticipated Regulation in Indonesia date: 2016-07-23 words: 8349 flesch: 47 summary: Islamic crowd funding is created to allow small and medium enterprises and individuals to access funding which may not be available otherwise through other channels. Benefits from crowd funding can be reaped and reverberate when there is greater public understanding of what it stands for. keywords: bank; business; commerce; crowd; finance; financial; funding; growth; indonesia; industry; internet; investment; islamic; law; lending; market; platform; prof; regulation; sharia; world cache: ejif-1771.pdf plain text: ejif-1771.txt item: #15 of 145 id: ejif-1797 author: Biancone, Paolo Pietro; Secinaro, Silvana title: The equity crowdfunding italy: a model sharia compliant date: 2016-07-23 words: 7920 flesch: 47 summary: It was decided, however, to EJIF – European Journal of Islamic Finance No 5, June (2016) http://www.ojs.unito.it/index.php/EJIF ISSN 2421-2172 8 identify the data and the relevant elements to attract Islamic investors, also in comparison with the experiences of equity crowdfunding in Islamic countries, such as Egypt, already cited in the theoretical analysis The data subject to evaluation were: Target: investments and their maximum and minimum amounts required. Lending crowdfunding platforms, such as Prosper, generally facilitate peer-to-peer loans. keywords: business; capital; companies; crowdfunding; equity; equity crowdfunding; finance; impact; investment; investors; islamic; journal; platforms; prof; project; sharia; university cache: ejif-1797.pdf plain text: ejif-1797.txt item: #16 of 145 id: ejif-1803 author: Biancone, Paolo Pietro; Radwan, Maha title: EUROPEAN COMPANIES: EVALUATION FOR SHARIA COMPLIANCE “OPPORTUNITIES AND CHALLENGES” date: 2016-07-23 words: 5810 flesch: 47 summary: An analysis for the full data for the research findings to figure out the details by country regarding their percent out of the total number of Sharia compliant companies that were found in each of the EU countries can be demonstrated in the following pie: Figure 1. Sharia complint companies by country As we can see that it was specified the first highest 12 countries then for the rest of the EU countries that represents 16 countries were summed collectively since they represent a small share. keywords: companies; compliant; countries; debt; european; finance; financial; indices; islamic; prof; screening; sharia; total; university cache: ejif-1803.pdf plain text: ejif-1803.txt item: #17 of 145 id: ejif-1843 author: Alamad, Samir title: Islamic Finance Ethics and Perception of Western Consumers date: 2017-03-13 words: 10090 flesch: 48 summary: These components are: (A) IF as a fair and ethical alternative, (B) builds strong enduring relationships, (C) dynamic and inspiring organizational structure, (D) inclusive, and (E) dependable and secure with long-term commitment to Islamic ethical financial products and services. THEORETICAL FRAMEWORK This section sets the foundations of the conventional market participant’s assessment of Islamic financial products. keywords: agents; alternative; component; consumer; customers; ethics; finance; http://www.ojs.unito.it/index.php/ejif; islamic; journal; market; muslim; non; products; respondents; shariah; survey cache: ejif-1843.pdf plain text: ejif-1843.txt item: #18 of 145 id: ejif-1975 author: Shah, Syed Alamdar Ali; Masood, Dr. Omar title: Input Efficiency of Financial Services Sector: A Non-parametric analysis of Banking and Insurance Sectors of Pakistan date: 2017-03-13 words: 7182 flesch: 50 summary: However, the Conventional Banking sector is more technically efficiency than Islamic Banking sector because the value of technical efficiency index of Conventional Banking sector is 0.687 as given in the first column of table 4 which is higher than the technical efficiency index of Islamic Banking which is 0.663. It can also be witnessed that the standard deviation of technical efficiency index of Islamic Banking sector is 0.045 which is far higher than the standard deviation of Conventional Banking sector which is 0.0314 showing that Conventional Banking sector is more consistent. keywords: allocative; analysis; banking; banks; cost; efficiency; input; insurance; islamic; journal; scale; sector; services cache: ejif-1975.pdf plain text: ejif-1975.txt item: #19 of 145 id: ejif-2047 author: Bourkhis, Khawla; Najar, Mohamed Wajdi title: The Effect of Ownership and Regulation on Bank Earnings Quality an investigation of the conventional and Islamic banks in MENA region date: 2017-03-13 words: 12145 flesch: 52 summary: Lastly, we will highlight the impact of regulation and banking supervision in emerging economies on bank earnings quality. LITERATURE REVIEW AND HYPOTHESES DEVELOPMENT A. Share ownership structure and bank earnings quality keywords: accounting; banking; banks; earnings; earnings management; earnings quality; finance; income; islamic; journal; level; loan; loss; management; mena; ownership; provisions; quality; smoothing cache: ejif-2047.pdf plain text: ejif-2047.txt item: #20 of 145 id: ejif-2066 author: Shakil, Mohammad Hassan title: Critical assessment of the Legal Recourse for the Case of Sukuk default for the Asset-Backed Sukuk and Asset-Based Sukuk structures date: 2017-07-25 words: 4954 flesch: 53 summary: Thus, cases of impairment or non-performance of Sukuk asset are directly reflected in the value of the Sukuk held by the investors. Asset-Based Difference Asset-Backed More debt-like structures, “similar” to conventional bonds Structure More equity-based Murabahah, ijarah Contracts Musharakah, mudarabah True sale does not occur, ownership merely “on paper” Occurrence of True Sale Sukuk holders genuinely own identified assets In event of default, Sukuk holders do not have recourse to specific assets Default In event of default, Sukuk holders have recourse to specific assets Cash flow typically fixed or tied to a benchmark (LIBOR) Cash Flow Cash flow varies with actual performance of Sukuk assets Have been criticized as mere replication of conventional bonds Acceptance Deemed by some as “more Islamic” Most Sukuk on issuance today are of this category Issuance There are very few asset-backed Sukuk Table 1: 3. Difference Between Asset-based and Asset-backed Sukuk IV. keywords: asset; capital; default; finance; holders; investors; islamic; market; prof; recourse; structure; sukuk cache: ejif-2066.pdf plain text: ejif-2066.txt item: #21 of 145 id: ejif-2067 author: Arshed, Noman; Riaz, Shakeel; Khan, Tehseen Mohsan title: Financial disintermediation and Profitability of Global Islamic Banks date: 2017-07-25 words: 5824 flesch: 53 summary: COMPARISON OF FINANCING OPTIONS Musharaka & Mudaraba Ijarah & Murabaha Partnership based Rental or Markup based Pure Finance based Trade based financing Variable returns Fixed Returns Returns based on value creation Returns based on market rate Chance of loss No loss 10 15 20 25 % 2005 2010 2015 years asset Fitted values equity Fitted values Assets and Equity Growth of Islamic Banks http://www.ojs.unito.it/index.php/EJIF ISSN 2421-2172 3 EJIF – European Journal of Islamic Finance Special Issue: Islamic banking & finance No7, July (2017) Islamic bank facilitates business Islamic bank facilitates trade Competitors conventional banks Competitors everyone Table 2 summarizes the both types of asset side investment options which Islamic bank commonly utilizes. Recently Islamic banks are experiencing rapid growth in Islamic countries as well as non-Islamic countries. keywords: assets; banking; banks; equity; finance; financing; increase; instruments; islamic; modes; returns; trade cache: ejif-2067.pdf plain text: ejif-2067.txt item: #22 of 145 id: ejif-2085 author: Trokic, Amela title: An Analysis of Takaful: The Potential and Role in Financial Inclusion and Challenges Ahead date: 2017-07-25 words: 3977 flesch: 51 summary: Remittances, financial market development, and economic growth: the case of Latin America and the Caribbean. These challenges affect the supply of Takaful products as they are often associated with structural issues. keywords: demand; development; finance; growth; industry; insurance; islamic; market; muslim; population; takaful cache: ejif-2085.pdf plain text: ejif-2085.txt item: #23 of 145 id: ejif-2086 author: Ardo, Abubakar Aliyu; SAITI, BUERHAN title: Takaful Practice in Nigeria: History, Present and Futures date: 2017-12-01 words: 7121 flesch: 44 summary: Moreover, Takaful operations in Nigeria is an interesting topic because Takaful operators carried out their activities without any specific legal framework guiding their operations for the entire first decade of their existence. Similarly, the research is important to Takaful operator in having a better understanding of the environment in which they operate to guide them in making sound decisions that will promote their services. keywords: act; contract; development; finance; insurance; islamic; national; nigeria; operations; operator; prof; section; shariah; takaful; university cache: ejif-2086.pdf plain text: ejif-2086.txt item: #24 of 145 id: ejif-2091 author: Gelmini, Lorenzo title: Does the cultural environment matter? The case of Integrated Reporting and Islam date: 2017-12-01 words: 8326 flesch: 47 summary: “It is a licensed Islamic Bank under the Islamic Financial Services Act 2013, incorporated and domiciled in Malaysia” (2). “Distribution of profit among the various Mudarabah depositors have been made as far as possible in accordance with the principle of Islamic Shari’ah Islamic Banking and its benefits” (2). keywords: accounting; bank; banking; business; finance; investment; islamic; islamic shari’ah; journal; principles; prof; rajhi; reporting; shari’ah; social cache: ejif-2091.pdf plain text: ejif-2091.txt item: #25 of 145 id: ejif-2100 author: DRISSI, SALMA title: ISLAMIC MICROFINANCE: LOCOMOTIVE IN THE SERVICE OF FINANCIAL INCLUSION date: 2017-07-25 words: 4180 flesch: 46 summary: Therefore, the purpose of this paper is to put into perspective the relevance of Islamic microfinance to broadening access of financial services for low-income populations, and also to present the potential barriers that can block the growth and development of Islamic microfinance institutions whether they are economic, social or structural. In a survey published by CGAP in 2007 on the development of Islamic microfinance institutions, based on 125 institutions and a team of financial experts from 19 Muslim countries, it was found that the number of clients Benefited from Islamic microfinance does not exceed 380,000 people, or about 0.5% of total clients of conventional microfinance . keywords: countries; definition; development; institutions; islamic; microfinance; muslim; products; prof; services; system; university cache: ejif-2100.pdf plain text: ejif-2100.txt item: #26 of 145 id: ejif-2102 author: Franco, Alberto; Sallustio, Carlo title: The taxation of sukuk in the Italian context: is Italy’s tax system ready for Islamic financial instruments? date: 2017-07-25 words: 6424 flesch: 34 summary: In the first case, such dividends are exempt for 50.28%, and they are subject to individual income tax (Imposta sul reddito delle persone fisiche, IRPEF) at a progressive tax rate8 only for the 49.72% of the amount, irrespective to the percentage of the voting power or of the capital owned in the company. On the contrary, for business entities income from capital and capital gains/losses are generally included in the determination of the taxable income, as all the income derived in a business activity is considered business income and it is subject to corporate income tax. keywords: capital; finance; financial; income; instruments; interest; islamic; issuer; prof; remuneration; sukuk; tax; taxation cache: ejif-2102.pdf plain text: ejif-2102.txt item: #27 of 145 id: ejif-2115 author: Shah, Syed Alamdar Ali; Javeria, Kiran; Masood, Omar title: Consumption of Family Takaful affected by Microeconomic Factors: A Case Study of Islamic insurance Takaful in Pakistan date: 2018-04-01 words: 3790 flesch: 56 summary: It was concluded from this study that per capita income is a strong forecaster of Family Takaful demand in Pakistan, while other macro-economic factors such as KSE composite index has significant and positive relationship with Takaful demand in Pakistan. The other three variables i.e. saving, interest rate and inflation are having insignificant relationship with Family Takaful demand in Pakistan. keywords: business; demand; family; insurance; islamic; journal; pakistan; relationship; takaful cache: ejif-2115.pdf plain text: ejif-2115.txt item: #28 of 145 id: ejif-2211 author: Khaliq, Ahmad; Mohd Thas Thaker, Hassanudin title: DYNAMIC CAUSAL RELATIONSHIP BETWEEN ISLAMIC BANKING AND ECONOMIC GROWTH: MALAYSIAN EVIDENCE date: 2017-12-01 words: 7381 flesch: 54 summary: Among them, (Abduh & Chowdhury, 2012) and (Abduh & Omar, 2012) both verified on Islamic banking relationship and contribution towards the economic growth of Bangladesh and Indonesia was found to have a positive significant relationship both in short run and long run with the bi-directional relationship. Hassanudin Mohd Thas Thakerb a Kulliyyah of Economics and Management Studies, International Islamic University Malaysia b Faculty of Business, Accounting and Economics, HELP University, Malaysia Abstract – Islamic banking and finance have emerged as one component of a significant competitive and comprehensive market, where it is reliable with conventional financial development in term of economic contribution. keywords: banking; development; economic; finance; financial; growth; islamic; malaysia; relationship; response; run; test; total; variables cache: ejif-2211.pdf plain text: ejif-2211.txt item: #29 of 145 id: ejif-2230 author: Rahman, Audia Syafaatur title: Analysis the Gap Between BNM Regulation and MM Application in Islamic Banking date: 2017-12-01 words: 6578 flesch: 57 summary: Accordingly, Musharakah Mutanaqisah (MM) is basically a partnership contract whereby the share of one partner as an Islamic Bank diminishes while other partner’s as a customer increases until the later becomes the sole owner. Table 1.1.Lists of Bank in Malaysia implemented Musharakah Mutanaqisah Bank Home Financing Products Name Sharia Concept Local Bank Maybank Islamic Bank Home Equity-i MMP RHB Islamic Bank Equity Home Fin.-i MMP Foreign Bank Asian Finance Bank (Min fin amount RM500K) keywords: bank; bnm; contract; customer; financing; gap; hsbc; islamic; maybank; musharakah; mutanaqisah; rate; regulation cache: ejif-2230.pdf plain text: ejif-2230.txt item: #30 of 145 id: ejif-2309 author: Echchabi, Abdelghani title: E-Banking acceptance in Thailand: An emphasis on Islamic banks' customers date: 2018-04-01 words: 3584 flesch: 48 summary: I. INTRODUCTION During the past few decades, Islamic banking has emerged not only as a complementary component in modern banking systems, but has also imposed itself as viable alternative to the long existing conventional banking. It is noteworthy that Islamic banking has been introduced in Thailand since early 2003, through the Islamic Bank of Thailand (iBank). keywords: banking; banks; customers; islamic; prof; services; use; usefulness cache: ejif-2309.pdf plain text: ejif-2309.txt item: #31 of 145 id: ejif-2328 author: Jafari Sadeghi, Vahid; Biancone, Paolo Pietro title: Shariah Compliant International Entrepreneurship: A Study of Islamic Finance in Europe date: 2017-12-01 words: 5821 flesch: 48 summary: [11] V. Ramadani, L.-P. Dana, V. Ratten, and S. Tahiri, “The context of Islamic entrepreneurship and business: concept, principles and perspectives,” Int. [34], Germany was the first European country to absorb funds from Islamic markets when, in 2004, the Sukuk bond (as an Islamic bond) the federal state of Saxony-Anhalt issued. keywords: business; entrepreneurship; finance; food; global; halal; international; islamic; market; muslim; prof; shariah; sukuk; university; vol; work cache: ejif-2328.pdf plain text: ejif-2328.txt item: #32 of 145 id: ejif-2413 author: Raghibi, Abdessamad; Oubdi, Lahsen title: Sukuk-Waqf: The Islamic Solution for Public Finance Deficits date: 2018-04-01 words: 5201 flesch: 59 summary: This paper will try to examine the concept of Waqf, cash Waqf and Sukuk Waqf is Islam and their evolution during Muslim civilization. In its fifteenth meeting, Al-mujamma’ al-fiqhi (Islamic Fiqh Academy) issued a statement N°140 that confirms the permissibility of cash Waqf ending the discussion of this issue. keywords: cash; finance; financing; islamic; journal; muslim; prof; property; public; structure; sukuk; university; waqf cache: ejif-2413.pdf plain text: ejif-2413.txt item: #33 of 145 id: ejif-2513 author: DRISSI, SALMA; ANGADE, Khadija title: The displaced commercial risk and Islamic banks date: 2018-04-01 words: 3292 flesch: 48 summary: However, Islamic banks have a number of notable differences with conventional banks which explains their existence [6]. [11] demonstrate that Islamic banks are more sensitive to changes in monetary policy than conventional banks. keywords: accounts; banking; banks; finance; investment; islamic; prof; rate; return; risk cache: ejif-2513.pdf plain text: ejif-2513.txt item: #34 of 145 id: ejif-2522 author: Hekmatyar, Muhammad Salahuddin; Parkar, Ebrahim title: An Evaluation of Dana Gas’s Mudarabah Sukuk from Shariah and Legal Perspectives date: 2018-04-01 words: 7094 flesch: 52 summary: This paper will only concentrate on mudharabah sukuk, due to it being the type of sukuk Dana Gas employed in its sukuk issuance. Whereas, if there is a shortfall during the time of payment, the mudharib will transfer an amount equal to the shortfall from the reserve account (Dana Gas prospectus, 2013). keywords: aaoifi; asset; case; company; contract; dana; dana gas; finance; gas; gas sukuk; islamic; law; profit; prospectus; shariah; sukuk; uae cache: ejif-2522.pdf plain text: ejif-2522.txt item: #35 of 145 id: ejif-2569 author: Muedini, Fait title: The Compatibility of Cryptocurrencies and Islamic Finance date: 2018-07-31 words: 8663 flesch: 50 summary: So, despite critiques from a number of voices in the banking industry about Bitcoin and other digital currencies, when one looks at the behavior of the banking industry, one comes to a realization that it is not Bitcoin that should be on the defensive about its use, but rather, some current banking practices. Counter to this, Bitcoin and other digital currencies seem to be much more aligned with principles of justice and social fairness, characteristics valued in Islamic jurisprudence. keywords: bank; bitcoin; coins; cryptocurrencies; currencies; currency; fiat; finance; gold; inflation; islamic; money; new; paper; prof; scholars; value cache: ejif-2569.pdf plain text: ejif-2569.txt item: #36 of 145 id: ejif-2570 author: Khattak, Mudeer Ahmed title: Protection and Distribution of Wealth, Islamic Commercial and Financial Transactions: A Maqasid Al-Shariah perspective date: 2018-07-31 words: 5423 flesch: 54 summary: II.PROTECTION AND DISTRIBUTION OF WEALTH FROM MAQASID AL-SHARIAH the preservation and growth of wealth is also one of the main objectives of Shari’ah which falls in Daruriyah category. Maqasid al Shariah in Wealth Circulation Islam encourages wealth circulation and highly discourages wealth concentration to few hands. keywords: circulation; contract; finance; islamic; maqasid; money; objectives; prof; shariah; shari’ah; society; university; wealth cache: ejif-2570.pdf plain text: ejif-2570.txt item: #37 of 145 id: ejif-2584 author: Haider, Syed Wajahat title: Impact of Interest Rate, Inflation Rate, Exchange Rate and Gold Prices on Karachi Meezan Index 30 date: 2018-07-31 words: 5375 flesch: 54 summary: Table.1 (1) (2) (3) (4) (5) VARIABLES N mean sd min max KMI 30 Index 60 40,850 13,595 20,062 66,163 Interest Rate 60 0.0949 0.0204 0.0625 0.140 Inflation Rate 60 0.0689 0.0319 0.0132 0.124 Exchange Rate 60 98.99 5.892 86.12 107.7 Gold Price 60 136,758 15,207 112,728 166,668 If we look at Table.1 we will notice that interest rate and inflation rate data is symmetric but since, KMI 30 Index, exchange rate and gold price data are in different units so we should make them symmetric for our model. Stock markets are supposed to be affected by different financial and macro- economic variables such as gold and oil prices, inflation rate, interest rate, exchange rate and unemployment rate etc. keywords: exchange; exchange rate; gold; index; inflation; interest; interest rate; prices; rate; relationship; stock; variables cache: ejif-2584.pdf plain text: ejif-2584.txt item: #38 of 145 id: ejif-2631 author: Rezaei, Mojtaba title: Islamic Accounting laws or Islamic laws in Accounting date: 2018-12-04 words: 6764 flesch: 47 summary: the issue of Islamic accounting has always been challenging and controversial. Therefore, Muslim scholars should provide a definition for accounting in Islamic countries and clarify the reporting requirements by simplifying the goals and characteristics of Islamic accounting. keywords: accounting; business; finance; international; islamic; journal; muslim; prof; riba; sharia; standards; university; western; zakat; zakatable cache: ejif-2631.pdf plain text: ejif-2631.txt item: #39 of 145 id: ejif-2635 author: Kahwaji, Ahmad Taha title: Contingency Planning in Traditional and Islamic Banks During the Crisis in Syria: Crisis Management Perspective date: 2018-04-01 words: 7277 flesch: 54 summary: Banks management should increase employee's awareness of crisis management plans and conduct training to identify the likeliest to happen crisis, it should focus on the employee's EJIF – European Journal of Islamic Finance Keywords- Contingency planning, Traditional banks, Islamic banks, crisis management, Syria. keywords: banking; banks; contingency; credit; crisis; crisis management; foreign; islamic; journal; management; planning; prof; risk; syria; traditional; university cache: ejif-2635.pdf plain text: ejif-2635.txt item: #40 of 145 id: ejif-2667 author: Ibrahim, Mohammed Lawal title: WAQF: A CONTRIBUTORY TOOL FOR BRIDGING INFRASTRUCTURAL DEFICIT IN NIGERIA date: 2018-12-04 words: 6436 flesch: 50 summary: Çizakça (1998) further stressed that this can be achieved by instructing Islamic Banks to combine cash waqf contributed by investors with mudarabah firms or “joint-stock company shares” To generalize, the manner at which waqf can assist in briding infrastructural deficit is for waqf to support public expenditures or at least part of it Mohamed, Shahida, Abdul and Zaini (2012) hold the same view, which they proposed cash waqf as an alternative to finance Bantuan Rakyat 1 Malaysia (BR1M). keywords: cash; deficit; development; etc; finance; funds; government; infrastructure; islamic; nigeria; prof; public; revenue; system; total; university; waqf cache: ejif-2667.pdf plain text: ejif-2667.txt item: #41 of 145 id: ejif-2739 author: Muksal, Muksal title: The Impact of Non-Performing Financing (NPF) to Profitability (Return On Equity) at Sharia Bank in Indonesia date: 2018-12-04 words: 4095 flesch: 51 summary: Thus, causing high Non Performing Financing (NPF) in sharia banks can give an illustration will negatively affect the profitability of sharia banks. The results showed that the variable Non Performing Financing (NPF) has a negative and significant effect on Return On Equity (ROE) with a value t greater than 0.005. keywords: bank; effect; equity; financing; non; npf; profitability; return; roe; sharia; test cache: ejif-2739.pdf plain text: ejif-2739.txt item: #42 of 145 id: ejif-2758 author: Nugroho, Lucky; Villaroel, Wayra; Utami, Wiwik title: The Challenges of Bad Debt Monitoring Practices in Islamic Micro Banking date: 2018-12-04 words: 7945 flesch: 52 summary: Keywords—Islamic Micro banking, Monitoring, Non- performing financing, portfolio quality JEL classification: G02, G14, G21 I. INTRODUCTION In the last thirty years, Islamic bank has been developing, and it started in Egypt 1970 as an initiative in the rural area. The study results divide into two parts: On the one hand, it highlights the standard monitoring procedures for the Non-performing financing (NPF) in Islamic micro banking and the main differences between conventional and Islamic in NPF management. keywords: banking; branch; cengkareng; clients; conventional; duri; enforcement; financing; islamic; journal; kosambi; manager; micro; microfinance; monitoring; npf; risk; staff cache: ejif-2758.pdf plain text: ejif-2758.txt item: #43 of 145 id: ejif-2762 author: Mukminin, Khairul title: HOW CLOSE ISLAMIC BANKS ARE TO GLOBAL FRAUD- LEARNINGS FROM DUBAI ISLAMIC BANK IN THE TIME OF SUB-PRIME CRISIS date: 2018-12-04 words: 6774 flesch: 43 summary: Source: DIB Annual Report 2007 3) Overdependence on the Security Pledged It should be borne in mind that Islamic financial institutions (IFIs) should have an awareness of the root of the sub-prime mortgage crisis whereby it initially originated from ‘poor credit background’ borrowers. The UAE, in which Dubai is the central real estate in the GCC, has its idiosyncratic magnetism in investing activities, particularly from Islamic financial industries. keywords: bank; banking; case; crisis; dib; dubai; finance; fraud; islamic; kpmg; management; plantation; prof; public; risk; university cache: ejif-2762.pdf plain text: ejif-2762.txt item: #44 of 145 id: ejif-2811 author: Hamed, Mustafa Mahmoud title: A qualitative framework to learn from Failures: reducing risks and developing effective financial policies date: 2018-07-31 words: 3290 flesch: 54 summary: Keywords- financial policy disasters; policy failure; policy learning; policy improvement; policy risks. Failure of public policies is extremely dangerous, because policy failures prevent governments from achieving their policy goals and can involve the economic costs of trying to ‘fix’ problems through (often fruitless) reform initiatives; consume inordinate amounts of agenda time that might be better spent by politicians, media and citizens on other issues of greater public concern. keywords: failure; framework; learning; policies; policy; prof; public; university cache: ejif-2811.pdf plain text: ejif-2811.txt item: #45 of 145 id: ejif-2818 author: Biancone, Paolo Pietro; Radwan, Maha title: Social Finance And Unconventional Financing Alternatives: An Overview date: 2018-07-31 words: 4801 flesch: 46 summary: This paper is organized as follows: section two starts with an overview of Islamic finance in a way that explores its principles and its relation with social impact finance. Islamic finance instruments requires that all financial transactions following the Sharia doctrine. keywords: development; finance; financing; impact; instruments; islamic; prof; sharia; university; waqf; zakat cache: ejif-2818.pdf plain text: ejif-2818.txt item: #46 of 145 id: ejif-2832 author: Satar, Norizan; Kassim, Salina title: Issues and Challenges in Financing the Poor: Lessons Learned from Islamic Microfinance Institutions date: 2020-08-25 words: 5957 flesch: 48 summary: People who live closer to BMT will have easier access to financing since it will reduce the cost of monitoring because it does not require BMT staff to take public transportation that would acquire a cost. According to the research conducted by Universitas Islam Indonesia, majority of BMT administrators lack knowledge and experience in managing Islamic finance institution, therefore in practice, BMT often deviate from Islamic principles and cannot be efficient in business management. keywords: aim; bmt; business; cost; financing; income; indonesia; institutions; islamic; issues; journal; microfinance cache: ejif-2832.pdf plain text: ejif-2832.txt item: #47 of 145 id: ejif-2856 author: Mukminin, Khairul title: PROFIT MAXIMIZATION IN ISLAMIC BANKING: AN ASSEMBLAGE OF MAQASID SHARIAH CONCEPTION date: 2019-04-26 words: 8672 flesch: 42 summary: However, since in many Muslim countries, Islamic banks exist in dual banking system whereby banking industries either shariah-based or conventional are controlled, influenced, and regulated by local or national government, thus it is important to examine the commonly-employed term in Islamic law with other jurisdictions in which IB is governed and acted toward legal person. For instances in several academic writings of Maqasid Shariah which proposes and urge major stakeholders of Islamic banks, they have fancy for IBs to implement social plus environmental responsibility, equality in terms of distribution of income, and alleviation of poverty to name a few. keywords: act; bank; banking; business; finance; islamic; law; maqasid; muslim; person; profit; protection; right; shariah; university; zakat cache: ejif-2856.pdf plain text: ejif-2856.txt item: #48 of 145 id: ejif-2880 author: DRISSI, SALMA; ANGADE, KHADIJA title: ISLAMIC FINANCIAL INTERMEDIATION THE EMERGENCE OF A NEW MODEL date: 2019-04-26 words: 5620 flesch: 48 summary: In other words, the Islamic financial intermediation has distinctive characteristics because, in addition to its economic vocation which shares it with its conventional counterparts, they support a social and ethical vocation constituting the specificity of Islamic banks in terms of intermediation. This paper focuses on the study of characteristics related to the financial intermediation of Islamic banks. keywords: activity; banking; banks; finance; financing; funds; intermediation; islamic; islamic bank; prof; relationship; risk; system; university cache: ejif-2880.pdf plain text: ejif-2880.txt item: #49 of 145 id: ejif-3038 author: Corvo, Luigi; Pastore, Lavinia title: The challenge of Social Impact Bond: the state of the art of the Italian context date: 2019-02-15 words: 7061 flesch: 47 summary: Therefore, public service is considered crucial to re-balance the distribution of value among citizens through resources collected by general taxation. Against this, SIBs are celebrated for their rationalized, evidence-based approach and their promise to introduce financial discipline and entrepreneurial spirit to public service delivery (Liebman, 2011; Mair and Milligan, 2012, p. 27)”. keywords: analysis; context; european; finance; impact; islamic; pay; prof; project; public; research; results; role; sibs; social; university cache: ejif-3038.pdf plain text: ejif-3038.txt item: #50 of 145 id: ejif-3064 author: Papa, Massimo; Santostasi, Eugenio title: Real Estate, Usufruct Right and the Issue of the Waqf Assets in Egypt. date: 2019-02-15 words: 6974 flesch: 48 summary: After that firstly restrictions, Law No. 15 of 1963 12 According to Investment Law No.72 of 2017 Section I: General Provisions, Chapter (1), “Definitions” a Free Zone area is: “A part of the State Territory located within its borders and is governed by its administrative authority, and where the dealings are conducted in accordance with special customs and tax provisions” (cf. we can register Law No. 230 of 1989 on ‘Investment Guarantees and Incentives’ (mentioned in A.Y. ZOHNY, p.179 as a symbol, among others specifics laws, of a turning point for the so called ‘egyptian procurement regime’, providing “a variety of incentives for investments in Egypt, including protection from expropriation, tax holidays, and the establishment of free trade zones”), however repleced by Law No. 8 of 1997: see T.F. RIAD [10]. keywords: art; code; companies; egypt; egyptian; investment; islamic; land; law; ownership; prof; property; right; usufruct cache: ejif-3064.pdf plain text: ejif-3064.txt item: #51 of 145 id: ejif-3065 author: Litardi, Irene; Fiorani, Gloria; Harb, Denise title: Corporate Social Responsibility in Islamic Culture. Comparison between Western CSR and Islamic CSR: focus on Islamic Reporting Initiative and Islamic Financial Institution. date: 2019-02-15 words: 6686 flesch: 35 summary: Comparison between Western CSR and Islamic CSR: Focus on Islamic Reporting Initiative and Islamic Financial Institution. In particular, descriptive analysis of Islamic Financial Istitution (IFI), which offer alternatives to the commercial activities that Shari'ah prohibits, to answer to the dichotomy between the need to trade with the West and to follow the commands of Islam (Taman, 2011); b) a qualitative comparative analysis between Islamic CSR (ICSR) and conventional CSR c) a documental analysis (Bowen, 2009) of the Islamic network that implements CSR strategies, policies and practices in Islamic Societies (IRI- Islamic Reporting Initiatives) supported by an ad-hoc interview held with an IRI’s Staff member. keywords: activities; approach; business; csr; finance; initiative; iri; islamic; philanthropy; prof; reporting; responsibility; shari’ah; social; university cache: ejif-3065.pdf plain text: ejif-3065.txt item: #52 of 145 id: ejif-3073 author: SALVI, ANTONIO; ZITO, MARIANNA; CARAGNANO, ALESSANDRA title: Does it pay to be Shariah-compliant? Evidence from the European stock market date: 2019-02-15 words: 3782 flesch: 42 summary: In particular, during the recent recession, Shariah-compliant companies obtained better periodical stock market returns and even in the event of negative returns, losses posted by these companies were lower than those of conventional companies. EJIF – European Journal of Islamic Finance Editorial Team Editor in Chief Prof. Paolo Pietro Biancone, University of Turin, Italy Editorial Board Prof. Dian Masyita, University of Padjadjaran, Indonesia Prof. Abdulazeem Abozaid, Qatar Faculty of Islamic Studies, Qatar Prof. Ahmad Aref Almazari, King Saud University, Saudi Arabia Prof. Marco Meneguzzo, Università degli Studi di Roma Tor Vergata, Italy Prof. Nidal A. Alsayyed, Inayah Islamic Finance Research Institute, USA Prof. Roberta Aluffi, University of Turin, Italy Prof. Ghassen Bouslama, NEOMA Business School, Campus de Reims, France Prof. Nazam Dzolkarnaini, Salford University, UK Prof. Kabir Hassan, University of New Orleans, USA Prof. Khaled Hussainey, University of Plymouth, UK Prof. Rifki Ismal, University of Indonesia Prof. Tariqullah Khan, Hamad bin Khalifa University, Qatar Prof. Ali Khorshid, ICMA Centre Reading University, UK Prof. Amir Kia, Utah Valley University, USA Prof. Laurent Marliere, Université Paris-Dauphine, France Prof. Federica Miglietta, University of Bari, Italy Prof. Hakim Ben Othman, University of Tunis, Tunisia Prof. Mohamed Ramady, King Fahd University of Petroleum and Minerals, Saudi Arabia Prof. Mamunur Rashid, Nottingham University, Malaysia Prof. Younes Soualhi, International Islamic University, Malaysia Prof. Laurent Weill, University of Strasbourg, France keywords: analysis; beta; companies; compliant; finance; islamic; performance; prof; sample; shariah cache: ejif-3073.pdf plain text: ejif-3073.txt item: #53 of 145 id: ejif-3074 author: Papa, Massimo; Petrucciano, Francesco title: Development and perspectives of ethical finance in Iran date: 2019-02-15 words: 3339 flesch: 37 summary: Italy Prof. Nidal A. Alsayyed, Inayah Islamic Finance Research Institute, USA Prof. Roberta Aluffi, University of Turin, Italy Prof. Ghassen Bouslama, NEOMA Business School, Campus de Reims, France Prof. Nazam Dzolkarnaini, Salford University, UK Prof. Kabir Hassan, University of New Orleans, USA Prof. Khaled Hussainey, University of Plymouth, UK Prof. Rifki Ismal, University of Indonesia Prof. Tariqullah Khan, Hamad bin Khalifa University, Qatar Prof. Ali Khorshid, ICMA Centre Reading University, UK Prof. Amir Kia, Utah Valley University, USA Prof. Laurent Marliere, Université Paris-Dauphine, France Prof. Federica Miglietta, University of Bari, Italy Prof. Hakim Ben Othman, University of Tunis, Tunisia Prof. Mohamed Ramady, King Fahd University of Petroleum and Minerals, Saudi Arabia Prof. Mamunur Rashid, Nottingham University, Malaysia Prof. Younes Soualhi, International Islamic University, Malaysia Prof. Laurent Weill, University of Strasbourg, France http://www.ojs.unito.it/index.php/EJIF ISSN 2421-2172 1 Development and perspectives of ethical finance in Iran Massimo Papa and Francesco Petrucciano Centro Interdisciplinare per gli Studi sul Mondo Islamico “Francesco Castro” (CISMI), University of Rome Tor Vergata , massimo.papa@uniroma2.it Centro Interdisciplinare per gli Studi sul Mondo Islamico “Francesco Castro” (CISMI), University of Rome Tor Vergata , francesco.petrucciano@alumni.uniroma2.eu Abstract keywords: country; development; economy; finance; iran; islamic; prof; state; system; university cache: ejif-3074.pdf plain text: ejif-3074.txt item: #54 of 145 id: ejif-3141 author: Naqvi, Imran Muhammad Haider; Shafique, Bushra; Khan, Adeel Ahmad title: Shariah Compliant Model of Currency Management: Expanding Landscape from Micro to Macro Level Research date: 2019-04-26 words: 7544 flesch: 51 summary: Learning from these mentioned sources of Islamic studies we learnt that Imam Ali bin Abu Talib (AS), the forth Islamic caliph considered the following factors for the production and distribution of coins: In Islamic currency management as taxation is identified to be a key factor, the study proposes that the modern taxation should be according to the guidelines provided by Quran and Sunnah. keywords: banking; compliant; currency; european; finance; islamic; journal; money; prof; quran; riba; shariah; study; university cache: ejif-3141.pdf plain text: ejif-3141.txt item: #55 of 145 id: ejif-3176 author: Biancone, Paolo Pietro; Radwan, Maha title: Social Finance and Financing Social Enterprises: An Islamic Finance Prospective date: 2019-02-15 words: 5624 flesch: 48 summary: The paper provides insights for researchers, decision makers, and practitioners of how Islamic finance provide valid financing tools for social finance through mobilizing private funds allocated from investors who seeks investments that generate both social and economic value. A plenty of researches have been conducted on social finance from different prospective, there has been few studies that takes into consideration the connection between Islamic finance and social finance [20]. keywords: enterprises; finance; financing; impact; instruments; islamic; prof; sharia; social; sukuk; vol cache: ejif-3176.pdf plain text: ejif-3176.txt item: #56 of 145 id: ejif-3178 author: Maggi, Davide; Rossi, Noemi; Faiznia, Mazdak; Houshmand, Hirad title: Community Foudations: main characteristics and trends – A comparison between Islamic Republic of Iran and Italy date: 2019-02-15 words: 4814 flesch: 37 summary: In Italy, community foundations were founded after a law was issued to reorganize the Italian banking system that brought about a major change in how banking foundations were structured, as banks were now required to make a clear distinction between their lendings and charity work5. 6 These entities were founded in response to an invitation made by Fondazione Cariplo to the territories: to accumulate assets worth 5 million Euros in ten years, by way of an initial input in order to receive a subsequent donation of 10 million Euros from Fondazione Cariplo itself to add to these assets. 7 L. Bandera, «Le Fondazioni di comunità: una nuova declinazione della filantropia», in F. Maino, M. Ferrera (ed.), Primo Rapporto sul secondo welfare in Italia, Turin, Centro di Ricerca Luigi Einaudi, 2013, 1. Community foundations are established and flourish in environments where a territorial humus is created which is willing to put innovative welfare policies in place. keywords: community; cultural; culture; fondazione; foundations; iran; islamic; non; organizations; prof; profit; revolution; university cache: ejif-3178.pdf plain text: ejif-3178.txt item: #57 of 145 id: ejif-3184 author: Rahman, Sisili title: A Comparative Study of Stability & Consumer Confidence between Islamic & Conventional Banks in Bangladesh date: 2019-08-29 words: 4439 flesch: 59 summary: The study finds that despite having lower liquidity Islamic banks are able to provide higher consumer confidence levels than conventional banks. Islamic banks have reported very small Non performing asset (NPA), and shown a positive and significant relationship with liquidity implying that during the crisis Islamic banks tend to take rigid risk strategies compared to conventional banks. keywords: banking; banks; cause; confidence; conventional; finance; granger; islamic; journal; pbt; prof; stability; vol cache: ejif-3184.pdf plain text: ejif-3184.txt item: #58 of 145 id: ejif-3214 author: Azrai Azaimi Ambrose, Azniza Hartini; Aslam, Mohamed; Hanafi, Hanira title: Waqf Financing Expenditure and its Impact on Government Debt date: 2019-08-29 words: 9003 flesch: 61 summary: Waqf for these purposes are often termed as public waqf. Thus, it matches with the argument of the place of public waqf in modern economy (Fig. 2) in that collected cash waqf are connected with firms through investments. keywords: cash; debt; economic; economy; equation; expenditure; federal; finance; goods; government; islamic; journal; malaysia; model; public; sector; state; waqf cache: ejif-3214.pdf plain text: ejif-3214.txt item: #59 of 145 id: ejif-3260 author: Biancone, Paolo Pietro; Secinaro, Silvana; Kamal, Mohamad title: Crowdfunding and Fintech: business model sharia compliant date: 2019-04-26 words: 8262 flesch: 46 summary: In fact, equity crowdfunding platforms allow retail investors to access private equity investments, typically start-ups or early- stage companies. Due diligence is rigorous for every loan request as crowdfunding platforms have a duty to protect the interests of both companies and investors. keywords: bank; business; companies; compliant; crowdfunding; debt; equity; finance; financial; financing; fintech; interest; investors; islamic; platforms; prof; project; services; sharia cache: ejif-3260.pdf plain text: ejif-3260.txt item: #60 of 145 id: ejif-3269 author: Khavarinezhad, Sepideh; Biancone, Paolo Pietro title: FUTURE TRENDS AND FINANCE APPROACHES IN ISLAMIC BANKING date: 2019-04-26 words: 5500 flesch: 45 summary: [24] S. A. Metawa and M. Almossawi, “Banking behaviour of Islamic bank customers: perspectives and implications,” International Journal of Bank Marketing, vol. Despite the fact that the growth of Islamic banking in recent years has promising a bright future in this area, it is imperative that Islamic financial institutions and Islamic banks do many things. keywords: banking; banks; customers; finance; financial; growth; industry; instruments; islamic; market; products; prof; university cache: ejif-3269.pdf plain text: ejif-3269.txt item: #61 of 145 id: ejif-3301 author: Zafar, Sajjad Hussain; Siddiqui, Danish A title: Impact of Asymmetric Information in Islamic Financial contract: An Empirical Analysis date: 2019-12-27 words: 11538 flesch: 54 summary: 1.2 Problem Statement The presence and consequences of asymmetric information in Islamic banks financing markets are of crucial importance for EJIF – European Journal of Islamic Finance Asymmetric information; Islamic financial contracts; Istisna; Murabaha; Islamic bank; Pakistan; I. INTRODUCTION 1.1. keywords: assets; asymmetric; bank; banking; contract; credit; customer; finance; financial; financing; hazard; information; interest; islamic; istisna; journal; model; murabaha; profit; rate; selection cache: ejif-3301.pdf plain text: ejif-3301.txt item: #62 of 145 id: ejif-3543 author: Uddin, Md Akther; Ali, Md Hakim; Radwan, Maha title: CAN GDP GROWTH LINK INSTRUMENT BE USED FOR ISLAMIC MONETARY POLICY? date: 2019-08-29 words: 8027 flesch: 52 summary: Therefore, an attempt has been made to develop two models to compare and see whether real interest rate or GDP growth rate can better reflect and predict the monetary policy outcome. The results tend to show that all the key monetary economics variables, at both cross-country and country level, can explain real GDP growth rate better than real interest rate. keywords: countries; economic; economy; finance; gdp; gdp growth; growth; growth rate; inflation; interest; interest rate; islamic; money; oic; policy; rate cache: ejif-3543.pdf plain text: ejif-3543.txt item: #63 of 145 id: ejif-3620 author: Mukhibad, Hasan title: THE ROLE OF SHARIA SUPERVISORY BOARDS IN MEETING MAQASID SYARIAH – STUDY ON ISLAMIC BANKS IN INDONESIA date: 2019-08-29 words: 7465 flesch: 55 summary: Islamic banks in Indonesia still make financial performance the measure of bank performance in the same way as conventional banks do. Asutay & Harningtyas (2015), who examined 13 Islamic banks in six countries, produced findings showing that the performance of Maqasid Syariah Islamic banks was still low and there were no differences in the level of Maqasid Syariah between countries. keywords: banks; company; corporate; ethics; governance; indonesia; islamic; maqasid; performance; profitability; ssb; syariah; vol cache: ejif-3620.pdf plain text: ejif-3620.txt item: #64 of 145 id: ejif-3623 author: Khaliq, Ahmad; Hussin, Nazimah; Haji Mohammad, Mohammad Tahir Sabit title: WAQF UNIT TRUST AS AN ALTERNATE MODEL TO REALIZE WAQF SUSTAINABILITY date: 2019-08-29 words: 5683 flesch: 54 summary: The income generating Waqf asset need not be bound by its class. Thus, the Nazir or Mutawalli of Waqf asset upholds a vital sense of duty to maximize the benefit or income from the endowed assets. keywords: assets; cash; development; finance; financing; fund; investment; islamic; malaysia; management; market; prof; trust; unit; university; waqf cache: ejif-3623.pdf plain text: ejif-3623.txt item: #65 of 145 id: ejif-3735 author: Kustiningsih, Nanik; Atmadja, Soesilowati Soema; Shah, Syed Alamdar Ali title: Demystifying the Theoretical Framework of Research in Islamic Finance: A Review of Literature date: 2019-12-27 words: 4927 flesch: 48 summary: Hence, it will be very crucial to gauge the progress of Islamic finance research in this era which will also help identify what factors have caused success to Islamic finance in various parts of the world, and who have benefitted from it to heal; who to heal and develop; and who to develop straight away. In order to meet our objectives we have taken reviews of literature on of Islamic socialism, capitalism and Islamic capitalism from the works of prominent researchers in respective areas, and further have conducted a survey of literature of Islamic finance research in different parts of the world on the following issues:  Progress on Islamic finance in Muslim and non Muslim countries and regions;  Progress on the issue of corporate governance in Islamic finance  Progress on the issue of analytical methods in Islamic The research on above issues have been made on Islamic finance literature to figure out the answers to our following research question based upon our research objectives:  keywords: banking; capitalism; countries; finance; institutions; islamic; journal; prof; research; socialism; university; world cache: ejif-3735.pdf plain text: ejif-3735.txt item: #66 of 145 id: ejif-3736 author: Chowdhury, Mohammad Abdul Matin; Abdul Razak, Dzuljastri Bin title: Dynamism and mechanism of digital currency (cryptocurrency) towards Islamic finance date: 2019-12-27 words: 6003 flesch: 45 summary: Keywords: Digital currency, Cryptocurrency, Islamic cryptocurrency, halal currency, Islamic financial technology, Islamic finance and banking I. INTRODUCTION Islamic crypto currency can stands for globalization and can be a revolution in economic history if it is developed optimally with the store of value function with Islamic Shari-ah principles. keywords: cryptocurrency; currencies; finance; gold; islamic; journal; money; prof; shariah; system; technology; value; world cache: ejif-3736.pdf plain text: ejif-3736.txt item: #67 of 145 id: ejif-3742 author: Ali, Abdilatif Mao title: Analysis of the Determinants of Capital Adequacy Ratio: The Case of Full-Fledged Islamic Banks in the Gulf Cooperation Council (GCC) date: 2019-12-27 words: 10526 flesch: 50 summary: As compared to the conventional banks, Islamic banks in the GCC remained relatively resilient to the spill-overs of the GFC up until it spread out to the real economy [6]. According to the IMF report [13], Islamic banks in Saudi Arabia claimed the biggest portion in terms of market power in the GCC Islamic banking industry with a 29% market share, which is 1 percent more than the market share of UAE Islamic banks in region that stood at 28% in 2016. keywords: adequacy; assets; banking; banks; capital; car; finance; financing; gcc; growth; islamic; journal; level; operating; ratio; size; study; total; variables; vol cache: ejif-3742.pdf plain text: ejif-3742.txt item: #68 of 145 id: ejif-3750 author: Mohd Isa, Mohd Yaziz Bin; Mohamed, Zulkifflee Bin title: Insaniah (humanistic) economics of waqf: From IR 4.0 to a human-centered tawhidic society 5.0 date: 2020-08-25 words: 4573 flesch: 36 summary: zulkifflee@unirazak.edu.my mailto:mohd_yaziz@unirazak.edu.my mailto:zulkifflee@unirazak.edu.my EJIF – European Journal of Islamic Finance No15, August (2020) http://www.ojs.unito.it/index.php/EJIF ISSN 2421-2172 2 of humanistic economics by Burleson (2015) showed that human relationship with money is a critical foundation to make a difference in human lives; but the insaniah (humanistic) management adds the other side of human nature other than self- interest, and the human interpersonal relationships in the workplace and society. For this reason, humanistic economics is view as an art by David Eli Lilienthal in his book with a title Management: A Humanistic Art. keywords: economics; european; finance; human; humanistic; insaniah; islamic; journal; management; society; waqf cache: ejif-3750.pdf plain text: ejif-3750.txt item: #69 of 145 id: ejif-3813 author: Kamdzhalov, Miroslav title: Islamic Finance and the New Technology Challenges date: 2020-03-16 words: 4755 flesch: 50 summary: Following the principles of Islamic financial contracts, we would compare them to the aforementioned smart ones. From here the following definition of ‘Islamic financial institutions performing Islamic financial operations’ can be derived: Islamic financial institutions are those, whose objectives and operations are firmly based on the principles of the Quran and the sunnah. keywords: blockchain; economy; finance; financialization; financing; inequality; islamic; prof; technology; university; value; world cache: ejif-3813.pdf plain text: ejif-3813.txt item: #70 of 145 id: ejif-3831 author: Alam, Md. Tanvir title: A Comparative Study of CSR Practices of Islami Shariah Based PCBs and Conventional PCBs in Bangladesh date: 2020-03-16 words: 4538 flesch: 47 summary: This study intends to find out the trends and preferences for CSR expenditure of both Conventional private commercial banks and Islami Shariah based private commercial banks. ANALYSIS AND FINDINGS Corporate social responsibility expenditure of Islami Shariah Based Private Commercial Banks (PCBs): CSR expenditure of First Security Islami Bank Limited from year 2015-2018 (figure in million TK) Year Sector 2015 2016 2017 2018 Total Emergency Disaster Relief 79.8 109.7 141.5 201.9 461 Education 15.2 33.4 51.5 60.0 160.1 Health keywords: areas; bangladesh; banks; csr; disaster; education; expenditure; health; islami; pcbs; shariah; social cache: ejif-3831.pdf plain text: ejif-3831.txt item: #71 of 145 id: ejif-3845 author: MNIF, Emna; JARBOUI, Anis title: Islamic view towards Bitcoin date: 2020-10-11 words: 5282 flesch: 53 summary: The obtained measures of Twitter sentiment (TWM) are averaged in each day. Knowing that Bitcoin is a new financial asset and there is a large debate on his compliance with shariah Keywords-component; Bitcoin, microblogging, sentiment analysis, text minig, Islamic finance. keywords: bitcoin; data; ejif; emotions; finance; google; islamic; model; results; search; sentiment; tweets; twitter; volatility cache: ejif-3845.pdf plain text: ejif-3845.txt item: #72 of 145 id: ejif-3983 author: Hamza, Osama title: Smart Sukuk Structure from Sharia Perspective and Financing Benefits: Proposed Application of Smart Sukuk through Blockchain Technology in Islamic Banks within Turkey date: 2020-10-11 words: 3844 flesch: 52 summary: I. INTRODUCTION One of the biggest challenges for finance and Islamic finance in the next decade is using the tools of Fin Tech technology such as smart Sukuk. SMART SUKUK To understand the meaning of smart Sukuk and its work mechanism we should know the concept of smart contract and Blockchain technology. keywords: bank; blockchain; islamic; issuance; participation; smart; sukuk; technology; transactions cache: ejif-3983.pdf plain text: ejif-3983.txt item: #73 of 145 id: ejif-3992 author: Saad, Auwal Adam; Alhabshi, Sayed Musa; Noor, Azman Bin Mohd; Hassan, Rusni title: ROBO-ADVISORY FOR ISLAMIC FINANCIAL INSTITUTIONS: SHARI’AH AND REGULATORY ISSUES date: 2020-03-16 words: 6912 flesch: 39 summary: Robo advisor services offer clients financial advice and investment management services that have historically been accessible only to wealthier clients; it is now available to almost every client in need of the Robo-advisory services. The duties of Shari’ah advisors of an Islamic bank or an Islamic financial institution is quite different from the wealth management advisors, Shari’ah scholars supervise and provide Shari’ah rulings and related fatwahs for the products and services of the Islamic Bank or an Islamic financial institution, this is however to maintaining the Shari’ah compliance in the products and services provided by the Islamic banks. keywords: advisors; banking; finance; financial; industry; institutions; islamic; issues; management; robo; services; shari’ah; technology cache: ejif-3992.pdf plain text: ejif-3992.txt item: #74 of 145 id: ejif-4036 author: Ahmed, Mohammed Ibrahim title: THE PROGRESS TO ALLOW FULLY FLEDGED INTEREST FREE BANKING BUSINESS IN ETHIOPIA date: 2019-12-27 words: 6721 flesch: 47 summary: The 1stway is, it allowed establishing new FFIFBB; the 2ndway is, it allowed converting existing conventional banks to FFIFBB; the 3rdway is, it gives permission for conventional banks to participate on IFBB through opening windows exclusively reserved for the same. http://www.ojs.unito.it/index.php/EJIF ISSN 2421-2172 4 conventional banks to FFIFBB; and the 3rd way is for conventional banks to participate on IFBB through opening windows exclusively reserved for the same. keywords: application; banking; banking business; banks; directive; ffifbb; interest; islamic; nbe; proclamation cache: ejif-4036.pdf plain text: ejif-4036.txt item: #75 of 145 id: ejif-4104 author: Salehuddin, Sharullizuannizam; Iskandar Mirza, Azrul Azlan; Nawi, Ahmad Saufe title: The Concept, Structure and Epistemological Development: Musharakah Tijariah Cross-Border Financing date: 2020-10-11 words: 3185 flesch: 45 summary: B. Credit Risk In Musharakah financing, banks restrict their role in the monitoring of a company’s performance without interfering too much both its partner’s both management and confidentiality that do not relate to the specific joint venture project. The legal documents must clearly stipulate:  Purpose of Musharakah venture. keywords: bank; business; capital; financing; islamic; musharakah; risk; venture cache: ejif-4104.pdf plain text: ejif-4104.txt item: #76 of 145 id: ejif-4145 author: Valeri, Marco; Fondacaro, Rosario; De Angelis, Cinzia; Barella, Andrea title: The use of cryptocurrencies for hawala in the Islamic finance date: 2020-10-11 words: 6280 flesch: 51 summary: The research has been conducted by a literature reviewing on Scopus data base by searching the following keywords: Islamic finance, cryptocurrencies, hawala, stablecoin, globalcoin, money laundering, blockchain. The originality/value of this paper is that it covers the literature gap in the field of new fintech solutions applied to Islamic finance by providing a likely proposal by integrating popular tradition, regulations and new technologies. keywords: blockchain; cryptocurrencies; currency; ejif; european; finance; financial; hawala; islamic; journal; laundering; money; paper; system; use cache: ejif-4145.pdf plain text: ejif-4145.txt item: #77 of 145 id: ejif-4156 author: Campra, Maura; Pucci, Sabrina; Brescia, Valerio title: Can the Dow Jones Sustainable Index be useful for evaluating Dow Jones Islamic Market companies? date: 2020-03-16 words: 7270 flesch: 40 summary: Concerning the first family of indexes, financial companies envisage the possibility within themselves to exclude, and categorically prohibit, any direct and or indirect participation (thus extending the analysis also to companies belonging to the same value chain) to specific sectors. Islamic companies and banks have greater stability in the event of a crisis [22]–[24], so studying them from an environmental and social point of view can provide useful elements to improve current business models and sustainable approach also in the stock market. II. keywords: business; companies; company; development; dow; dow jones; index; islamic; islamic market; jones; jones islamic; journal; market; pagg; sustainability; sustainable; vol cache: ejif-4156.pdf plain text: ejif-4156.txt item: #78 of 145 id: ejif-4168 author: Rainero, Christian; Modarelli, Giuseppe title: Bitcoin-Blockchain Phenomenon: An Investigation on News Titles Influence date: 2020-03-16 words: 7779 flesch: 48 summary: The investigation conducted by the authors considers a sentiment analysis on news titles influence during the period 2015-2018 supported by a field analysis. On that empirical base, at methodological level, the authors decides to conduct a content analysis on news titles influence, focused on bitcoin and blockchain themes, that would be reciprocally interconnected. keywords: analysis; bitcoin; blockchain; decision; ejif; influence; journal; making; marketing; news; news titles; people; perception; persuasion; psychology; research; scarcity; titles; value cache: ejif-4168.pdf plain text: ejif-4168.txt item: #79 of 145 id: ejif-4195 author: Fiorani, Gloria; Litardi, Irene title: When the civic-participation play a crucial role on urban sustainability. The case study of the University of Rome “Tor Vergata” and the project “A playground for Aurora” date: 2020-03-16 words: 5387 flesch: 38 summary: Nidal A. Alsayyed, Inayah Islamic Finance Research Institute, USA Prof. Roberta Aluffi, University of Turin, Italy Prof. Ghassen Bouslama, NEOMA Business School, Campus de Reims, France Prof. Nazam Dzolkarnaini, Salford University, UK Prof. Kabir Hassan, University of New Orleans, USA Prof. Khaled Hussainey, University of Plymouth, UK Prof. Rifki Ismal, University of Indonesia Prof. Tariqullah Khan, Hamad bin Khalifa University, Qatar Prof. Ali Khorshid, ICMA Centre Reading University, UK Prof. Amir Kia, Utah Valley University, USA Prof. Laurent Marliere, Université Paris-Dauphine, France Prof. Federica Miglietta, University of Bari, Italy Prof. Hakim Ben Othman, University of Tunis, Tunisia Prof. Mohamed Ramady, King Fahd University of Petroleum and Minerals, Saudi Arabia Prof. Mamunur Rashid, Nottingham University, Malaysia Prof. Younes Soualhi, International Islamic University, Malaysia Prof. Laurent Weill, University of Strasbourg, France The research goals are: to develop a conceptual framework on the role of education at University level in promoting sustainability, according to the Third Mission approach, and to define the role of high Education in Urban Sustainability. keywords: aurora; development; economics; education; fairtrade; mission; prof; research; society; sustainability; tor; universities; university; vergata cache: ejif-4195.pdf plain text: ejif-4195.txt item: #80 of 145 id: ejif-4227 author: Radwan, Maha; DRISSI, SALMA title: ANALYSIS OF THE TRANSMISSION ASYMMETRY OF MONETARY POLICY IN A DUAL BANKING SYSTEM: ECONOMETRIC MODELLING (CASE OF TURKEY) date: 2020-03-16 words: 9643 flesch: 51 summary: The history of the Islamic banking in Turkey started more precisely in 1983 when, in order to attract more capital from the Middle East, the government created a new legal framework allowing Islamic banks to operate in the country side by side with conventional banks In this context, we seek, through the present work, to empirically explore the transmission of monetary policy in a dual banking system via the bank loan channel through a comparative analysis between the behaviors of conventional banks versus Islamic banks vis- à-vis banks variability of monetary policy to justify the asymmetry of reactions to monetary shocks. keywords: banking; banking system; banks; credit; finance; impact; interest; islamic; liquidity; market; policy; rate; relationship; results; shock; special; term; transmission; variables cache: ejif-4227.pdf plain text: ejif-4227.txt item: #81 of 145 id: ejif-4241 author: Mas’ud, Abdulsalam; Shittu, Isah; Umar, Umar Bello title: Mediation Role of Perceived Benefit in the Relationship between Perceived Government Support, Religiosity, Awareness and the Acceptance of Islamic Microfinancing in Nigeria date: 2020-08-25 words: 6926 flesch: 38 summary: Perceived benefit mediates the relationship between Perceived Government Support and intention to accept Islamic Micro-financing by Smallholder Farmers in JIgawa State. Perceived benefit mediates the relationship between Religiosity and intention to accept Islamic Micro-financing by Smallholder Farmers in JIgawa State. keywords: awareness; benefit; farmers; financing; government; government support; intention; islamic; micro; religiosity; smallholder; study; support cache: ejif-4241.pdf plain text: ejif-4241.txt item: #82 of 145 id: ejif-4242 author: Iannaci, Daniel; Gideon Mekonnen, Jonathan title: Islamic finance and social finance, an opportunity for social enterprises date: 2020-03-16 words: 6967 flesch: 51 summary: Paper Title (use style: paper title) http://www.ojs.unito.it/index.php/EJIF ISSN 2421-2172 1 Islamic finance and social finance, an opportunity for social enterprises Abstract— Social enterprises are defined as the real engine of social innovation because they have in their veins the objective of creating social impact and they are the companies with the best structure in the panorama of the third sector. Keywords- Islamic finance; social finance; social enterprises; social impact; accounting I. INTRODUCTION Islamic religion calls for a comprehensive development of an economy and puts emphasis on social welfare and urges for maintaining social justice, equity, and poverty alleviation keywords: activities; companies; cooperatives; ejif; finance; impact; innovation; instruments; islamic; journal; research; social; total; vol cache: ejif-4242.pdf plain text: ejif-4242.txt item: #83 of 145 id: ejif-4307 author: Chowdhury, Mohammad Abdul Matin; Masud, Md. Abdullah Al; Atiullah, Md; Tanvir, Jayadul Islam title: Contemporary Responses to The Criticism of Islamic Banks in Malaysia date: 2020-08-25 words: 6740 flesch: 51 summary: http://www.ojs.unito.it/index.php/EJIF ISSN 2421-2172 1 Contemporary Responses to the Criticism of Islamic Banks in Malaysia Department of finance, International Islamic University Malaysia Department of business administration, International Islamic University Malaysia Department of finance, International Islamic University Malaysia Department of economics, International Islamic University Malaysia Abstract-- The rapid growth of Islamic banks has become a focus of all investors and consumers. keywords: banking; banks; challenges; finance; islamic; islamic finance; journal; malaysia; products; shariah; study cache: ejif-4307.pdf plain text: ejif-4307.txt item: #84 of 145 id: ejif-4389 author: Badreldin, Ahmed title: Applying Risk-Sharing to Mitigate Economic Consequences of the COVID-19 Pandemic date: 2020-12-31 words: 3307 flesch: 38 summary: THE PRINCIPLE OF RISK SHARING In the second policy brief of the Economics for Inclusive Prosperity series, AnatAdmati rightly begins her essay with the sentence “A healthy and stable financial system enables efficient resource allocation and risk sharing” keywords: covid-19; crisis; european; finance; islamic; pandemic; risk; sharing; system cache: ejif-4389.pdf plain text: ejif-4389.txt item: #85 of 145 id: ejif-4433 author: Javaria, Kiran; Masood, Omar title: Why Islamic Banks are not Competitive in Islamic Country: An Empirical Evidence from Pakistan Islamic Banking Sector date: 2020-08-25 words: 7594 flesch: 46 summary: According to previous studies and pilot testing results, this study has identified various factors/reasons of decline in Islamic banks profitability and these factors include Bank Specific/Internal factors (Liquidity Ratios) and Environment specific/External Factors. Survey was conducted from senior managers of Islamic banks in order to examine the internal and external factors influence on Islamic banks profitability. keywords: analysis; banking; banks; factors; finance; influence; islamic; journal; loans; managers; pakistan; profitability; ratio; sector; study cache: ejif-4433.pdf plain text: ejif-4433.txt item: #86 of 145 id: ejif-4441 author: Gamba, Valter; De Filippis, Eros; Tibiletti, Veronica title: Benchmarking of the tax situation of Islamic financial instruments date: 2021-04-30 words: 6106 flesch: 35 summary: [11] The choice to make the substance prevail over the form has led to the revenues from Islamic financial transactions being processed, in tax terms, in the same way as interest paid on money loans. Paper Title (use style: paper title) http://www.ojs.unito.it/index.php/EJIF ISSN 2421-2172 DOI: 10.13135/2421-2172/4441 1 Benchmarking of the tax situation of Islamic financial instruments (*) University of Turin, Italy – valter.gamba@unito.it (**) University of Turin, Italy – eros.defilippis@unito.it (***) University of Parma – veronica.tibiletti@unipr.it Abstract— The ever-increasing trend of Islamic finance has prompted many European countries to implement very different solutions to meet the needs arising; in particular, the regulatory systems have been implemented with legislative measures, or rather, Financial Administration has introduced interpretations so as to regulate the tax burden on Islamic financial instruments. keywords: article; bond; capital; countries; finance; instruments; islamic; law; sukuk; system; tax; taxation; transactions cache: ejif-4441.pdf plain text: ejif-4441.txt item: #87 of 145 id: ejif-4479 author: MNIF, Emna; JARBOUI, Anis title: Impact of COVID19 on the Islamic cryptocurrencies date: 2020-12-31 words: 2750 flesch: 57 summary: Keywords-component; Islamic cryptocurrency, COVID-19, cryptocurrency market returns. The implications of our study are important for cryptocurrency market main players to understand and predict the behaviour of Islamic cryptocurrency returns during epidemic diseases. keywords: cases; covid-19; cryptocurrency; impact; islamic; onegram; pandemic; returns cache: ejif-4479.pdf plain text: ejif-4479.txt item: #88 of 145 id: ejif-4560 author: Campra, Maura; Brescia, Valerio; Jafari-Sadeghi, Vahid; Calandra, Davide title: Islamic countries and Maqasid al-Shariah towards the circular economy. The Dubai case study. date: 2021-04-30 words: 7359 flesch: 50 summary: [34] J. Hu, Z. Xiao, R. Zhou, W. Deng, M. Wang, e S. Ma, «Ecological utilization of leather tannery waste with circular economy model», Journal of Cleaner Production, vol. 19, n. 2–3, pagg. Keywords-component; Maqasid al-Shariah; circular economy, Dubai, SDGs I. INTRODUCTION Some scholars state that the Islamic entrepreneur can be considered a social entrepreneur, as his work is based on three interconnected pillars, the pursuit of opportunities, socio- economic or ethical aspects, and religion-spiritual aspects keywords: business; development; dubai; economic; economy; energy; islamic; journal; linear; maqasid; model; pagg; production; resources; shariah; vol; waste cache: ejif-4560.pdf plain text: ejif-4560.txt item: #89 of 145 id: ejif-4581 author: Alam, Md. Tanvir title: Role of Islamic Finance during COVID-19 date: 2020-12-31 words: 4063 flesch: 46 summary: Analysis of Zakat Giver 0 5 10 15 20 25 30 35 1-2 Person 3-5 Person 6-10 Person 11-20 Person Zakat Giver ` Graph 1: Number of Zakat recipients by Giver As the graph 1 shows, among the respondents of Zakat giver, 6 respondents gave Zakat to 1-2 persons, 14 respondents gave Zakat to 3-5 persons, 22 respondents gave Zakat to 6-10 persons, and 8 respondents gave Zakat to 11-20 persons. Most Zakat givers have a tendency to cover wider population as Zakat recipient. keywords: covid-19; families; finance; islamic; poverty; recipients; social; study; system; zakat cache: ejif-4581.pdf plain text: ejif-4581.txt item: #90 of 145 id: ejif-4582 author: Mohamed, Hazik; Mobin, M. Ashraful title: Debt Forgiveness and Debt Relief for Covid-19 Economic Recovery Financed through GDP-Linked Sukuk date: 2020-12-31 words: 5085 flesch: 52 summary: We discuss the work done on GDP-linked bonds by IMF researchers [10; 22] where they show ―how the structure of sovereign debt can alter the payment capacity of a government, which delivers a calculation of the maximum level of debt that a sovereign is likely to be able to sustain before it risks facing a crisis‖. The concept of the debt limit captures the understanding of fiscal fatigue where ―an improvement in a country‘s structural characteristics or economic growth rate raises its debt limit, while the occurrence (or recognition of the possibility) of a negative shock could push an otherwise sustainable debt level to the unsustainable territory‖. They found evidence of fiscal reactions where ―governments face debt limits beyond which debt cannot be rolled-over‖. They used these findings to compute ―fiscal space‖ which is ―defined as the difference between projected debt ratios and debt limits‖, allowing for further increases in public debt without undermining sustainability. In their research, Bank of England researchers [3] focused on the ―amount GDP-linked bond that can potentially increase debt limits, rather than the absolute value of the debt limits themselves‖. Even with the simplest model set-up used, they found that ―GDP-linked bonds have a substantial impact on a sovereign‘s debt limit – raising it by around 100% of GDP‖. Pienkowski keywords: countries; debt; finance; financial; gdp; household; income; islamic; loans; pandemic; paper; sovereign; sukuk cache: ejif-4582.pdf plain text: ejif-4582.txt item: #91 of 145 id: ejif-4633 author: Mahmood, Humera Tariq title: Impact of Islamic Microfinance on Borrower’s Income in Pakistan- A Case Study of Akhuwat date: 2020-10-11 words: 6736 flesch: 53 summary: Akhuwat borrowers form the target for the case study. Akhuwat borrowers are so satisfied with Akhuwat services that they are also willing to becoming volunteers. keywords: akhuwat; areas; average; borrowers; borrowing; income; increase; level; microfinance; pak; pak rs cache: ejif-4633.pdf plain text: ejif-4633.txt item: #92 of 145 id: ejif-4913 author: AMRANI, OUMNIYA; Najab, Amal title: COVID-19 and Islamic Banking Services: Digitalisation as a Post-Crisis Solution (Case of Morocco) date: 2020-12-31 words: 8008 flesch: 38 summary: Furthermore, a large part of the respondents (86%) confirmed that digital banking services are useful in times of crisis as well as in normal times. A sustainable federation of an internal innovation ecosystem based on the digital acculturation of employees and enabling the continuous development of new digital banking services and products. keywords: banking; banking services; banks; business; covid-19; customer; digital; digitalization; finance; institutions; islamic; model; participatory; services; survey; transformation cache: ejif-4913.pdf plain text: ejif-4913.txt item: #93 of 145 id: ejif-4914 author: Abbas, Ahmad; Frihatni, Andi Ayu title: The Social Role of Islamic Banks in Indonesia during the Pandemic of COVID-19 date: 2020-12-31 words: 5927 flesch: 57 summary: [25] Fredrick Onyango Ogola, “Market share as an indicator for corporate social responsibility (CSR) spending: The study of Coca Cola’s market,” AFRICAN J. Bus. [29] P. C. Godfrey, C. B. Merrill, and J. M. Hansen, “The relationship between corporate social responsibility and shareholder value: An empirical test of the risk management hypothesis,” Strateg. keywords: bank; banking; csr; doi; islamic; market; pandemic; research; responsibility; role; share; social; syariah cache: ejif-4914.pdf plain text: ejif-4914.txt item: #94 of 145 id: ejif-4926 author: Radwan, Maha; Calandra, Davide; Koumbarakis, Paris; Lanzara, Federica title: Takaful industry and Blockchain: challenges and opportunities for costs’ reduction in Islamic insurance companies date: 2020-10-11 words: 3607 flesch: 55 summary: This requires the UHVROXWLRQ� RI� PDWKHPDWLFDO� SUREOHPV� E\� ³miners´�� ZKR� DOVR� contribute to making the information entered cryptographically non-attachable. Fig. This paper aims to support the strategic choices of managers of takaful insurance companies. keywords: blockchain; companies; doi; finance; insurance; islamic; takaful; vol cache: ejif-4926.pdf plain text: ejif-4926.txt item: #95 of 145 id: ejif-4936 author: Bollani, Luigi; Chmet, Federico title: Bibliometric Analysis of Islamic Finance date: 2020-10-11 words: 6992 flesch: 50 summary: The market share of Islamic banks does not have a significant impact on the financial strength of other banks. The paper by (Khediri, Charfeddine, & Youssef, 2015) shows that Islamic banks are, on average, more profitable, more liquid, better capitalized and with a lower credit risk than conventional banks. keywords: analysis; articles; banking; banks; ejif; finance; islamic; journal; pagg; research; risk; vol cache: ejif-4936.pdf plain text: ejif-4936.txt item: #96 of 145 id: ejif-4937 author: Hamed, Mustafa Mahmoud title: The Role of Islamic Social Finance in Mitigating Humanitarian Crises date: 2020-12-31 words: 7618 flesch: 46 summary: This paper reviews the conceptual definitions of Islamic social finance, and its various instruments. The results indicate that the multi-range strategy of Islamic social finance providing an innovative way which can helps governments and policy makers for manage the crisis during and after the COVID-19 pandemic Keywords; humanitarian crises; COVID-19 impacts; Islamic social finance; Islamic social finance tools I. INTRODUCTION Since the last five decades, the world has testify a dramatic increase in humanitarian crises as a result of wars, natural disasters, Epidemic outbreaks, poverty, human right abuses, among others. keywords: countries; covid-19; finance; financing; humanitarian; impacts; islamic; islamic finance; pandemic; people; poverty; role; social; strategy; term; waqf; zakat cache: ejif-4937.pdf plain text: ejif-4937.txt item: #97 of 145 id: ejif-4942 author: Kamal, Mohamad Kamal title: The synergistic relationship between crowdfunding and corporate social responsibility: A case study date: 2020-10-11 words: 5879 flesch: 28 summary: The results of the study correspond to the existing literature on the positive and synergistic relationship between crowdfunding and CSR, confirming that the existence of CSR concepts in the projects presented in the financing platforms positively affects its success, in which the number of successful crowdfunding activities has reached 72% for the social and environmental activities in 10 countries in the Middle East and that crowdfunding platforms are an effective and innovative tool for financing projects that are in line with the objectives of CSR in light of the decline in financial resources in those countries. The donation-based crowdfunding model has acquired crowdfunding activity in developing countries through projects related to social and environmental activities due to the aggravation of these problems and the use of alternative financing means to address them and these platforms are growing at a significant annual rate [18]. keywords: activities; countries; crowdfunding; csr; east; financing; middle; platforms; projects; study; vol cache: ejif-4942.pdf plain text: ejif-4942.txt item: #98 of 145 id: ejif-5039 author: Rusydiana, Aam Slamet; Assalafiyah, Aisyah title: Covid-19 and the Role of Halal Food date: 2020-12-31 words: 5470 flesch: 57 summary: The rapid development of halal food research is interesting to research in bibliometric analysis in line with the development of demand for halal food worldwide. A knowledge domain visualization review of thirty years of halal food research: Themes, trends and knowledge structure. keywords: covid-19; food; halal; halal food; industry; islamic; journal; papers; research; role; theme cache: ejif-5039.pdf plain text: ejif-5039.txt item: #99 of 145 id: ejif-5056 author: Sawaneh, Karamo; Badjie, Fatou title: Empowering Women in the Agricultural Value Chain Via Islamic Blended Products to Attain the Agenda 2030 in The Gambia date: 2021-04-30 words: 7689 flesch: 51 summary: The Economic Status of Women in Islam The issues of women inferiority havebeen in existence since the pre-Islamic era where women faced discrimination, social exclusions and lack property rights andfinancial insecurity[4]. These are clear indications that in Islam women canaccumulate wealth through inheritance and from financial support given by their husbands[4]. keywords: blending; chain; development; finance; financing; fund; funding; gambia; islamic; journal; model; percent; social; sukuk; takaful; value; waqf; women; zakat cache: ejif-5056.pdf plain text: ejif-5056.txt item: #100 of 145 id: ejif-5323 author: Creta, Fabio; Mazaj, Jelena title: Can FinTech Progress the Real Estate Sector? The Disruptive Role of Crowdfunding & Blockchain: A Systematic Literature Review date: 2021-04-30 words: 8267 flesch: 58 summary: In particular, the world of real estate crowdfunding is a subset of crowdinvesting that allows widespread investors to participate in financing a real estate project in a residential or commercial environment in exchange for a return on capital. In crowdfunding, particularly in real estate crowdfunding, one of the dominant trends will certainly be the opportunity to use new blockchain technologies in the service of data collection; the use of blockchain technology not only optimises sale transactions because it effectively records the financial history of a property but also ensures greater stability to the market and effectively eliminates intermediaries. keywords: 2018; blockchain; business; crowdfunding; estate; european; finance; fintech; journal; literature; management; new; real; research; review; technology; vol cache: ejif-5323.pdf plain text: ejif-5323.txt item: #101 of 145 id: ejif-5465 author: Prandi, Stefano Giovanni; Colecchia, Daniele title: Pricing of Islamic Banking and Conventional Banking: An Empirical Study date: 2021-08-31 words: 6092 flesch: 59 summary: Emerging markets represent an important growth opportunity for Islamic banks. Unlike conventional banks, Islamic banks should not charge any interest – rather, they should operate according to a profit–loss sharing (PLS) system. keywords: banking; banks; countries; finance; growth; ibf; ifci; interest; islamic; journal; pricing; rates; study cache: ejif-5465.pdf plain text: ejif-5465.txt item: #102 of 145 id: ejif-5489 author: Maharani, Shinta; Rahman, Asmak Ab; Septian, Arif Dwi title: Customer Satisfaction Analysis of Sharia Services Quality at Surya Mart Ponorogo date: 2021-04-30 words: 3598 flesch: 52 summary: The third is a 75.2% value for customer satisfaction with the quality of sharia services at Surya Mart Supermarket Ponorogo, Indonesia, under CSI analysis, indicating that customers do feel satisfied enough. It is clear, therefore that the measurement of customer satisfaction is very useful. keywords: customer; level; mart; ponorogo; quality; satisfaction; service; supermarket; surya cache: ejif-5489.pdf plain text: ejif-5489.txt item: #103 of 145 id: ejif-5765 author: Lanzara, Federica title: Islamic finance and Sustainable Development Goals. A bibliometric analysis from 2000 to 2021 date: 2021-08-31 words: 11099 flesch: 45 summary: A bibliometric analysis from 2000 to 2021 Federica Lanzara, University of Turin Abstract— The aim of this research is to provide, through a bibliometric analysis of the last 21 years of thematic literature, an overview on the contribution of sustainable development goals (SDGs) to the discussion in the field of Islamic finance. Through the analysis of the papers, it emerges that qualitative method is the most used method to demonstrate the link between Islamic finance and its relationship in the achievement of sustainable development goals. keywords: analysis; articles; bank; countries; development; development goals; european; field; finance; goals; health; impact; international; islamic; journal; literature; production; research; role; sdgs; source; waqf cache: ejif-5765.pdf plain text: ejif-5765.txt item: #104 of 145 id: ejif-5848 author: MABROUK, Abdellatif; FARAH, Lamyaa title: Liquidity Risk Management in the Islamic Banking: Portfolio of Ijara and Murabaha date: 2021-08-31 words: 6718 flesch: 61 summary: The management of bank liquidity must be integrated into an overall asset-liability management framework. The objective of this study is to show that holding an optimal level of liquidity is necessary for Islamic banks to minimize the liquidity risk. keywords: bank; islamic; liquidity; − 𝑇; 𝐷 −; 𝐺 𝑇; 𝑇 𝐷; 𝑇 𝐹; 𝑋 −; 𝑟𝛼𝑟𝑚 𝐹𝑀 cache: ejif-5848.pdf plain text: ejif-5848.txt item: #105 of 145 id: ejif-5896 author: Muhammad, Helmi; Sari, Niki Puspita; Nafisa, Adita title: Performances of Sharia Mutual Funds in Indonesia: Empirical Evidence from a Developing Economy date: 2021-08-31 words: 5682 flesch: 56 summary: They can also adopt the screening criteria applied in Sharia mutual funds investment so that they can improve the performance Sharia mutual funds during the bearish trend market The basic principle or Sharia mutual fund investment relies on its compliance to Islamic financial system accepted by the world as a unique, ethical, and universal system [10], [37]. keywords: doi; funds; income; investment; islamic; market; performance; ratio; return; risk; sharia cache: ejif-5896.pdf plain text: ejif-5896.txt item: #106 of 145 id: ejif-5993 author: Suharti, Eko title: Investment Decision on Government Bonds and Sukuk in Indonesia date: 2021-08-31 words: 7438 flesch: 52 summary: The interest rate has an influence on government sukuk investment decisions. Changes in interest rates, one of the investment decision variables on government bonds investment. keywords: coupon; government; government bonds; government sukuk; interest; investment; investors; model; rate; securities; state; sukuk; value cache: ejif-5993.pdf plain text: ejif-5993.txt item: #107 of 145 id: ejif-6025 author: Nidyanti, Adelia; Siswantoro, Dodik title: Shariah Compliance Level of Islamic Banks in Asia and Its Implications on Financial Performance and Market Share date: 2022-04-22 words: 6249 flesch: 57 summary: Descriptions: SC: Sharia compliance level of Islamic bank; Size: Logarithm of total assets; Branch: Total branches of Islamic banks; Age: Sharia compliance level of Islamic bank; Size: Logarithm of total assets; Branch: Total branches of Islamic banks; Age: The period of bank operate Coef: keywords: asia; bank; banking; compliance; ibs; islamic; level; market; model; performance; principles; sharia; sharia compliance; value cache: ejif-6025.pdf plain text: ejif-6025.txt item: #108 of 145 id: ejif-6067 author: Siddiqui, Saif; Rizvi, Ziya Batool title: Understanding Volatility dependence between MENA Sukuk, GCC Sukuk and Nifty Shariah Index during Covid-19: A C-vine Copula Approach date: 2022-04-20 words: 8243 flesch: 55 summary: Additionally, the proof of optimistic symmetric upper and lower tail dependency given by Student- t copula suggests that Sukuk and Nifty Shariah index markets change collectively but at different periods before and during Covid19. V. CONCLUSIONS The prodigious possible development and low apparently susceptibility of Nifty Shariah index as compared to Sukuk throughout the strained financial situation. keywords: copula; covid-19; dependency; finance; https://www.ojs.unito.it/index.php/ejif/index; index; indices; islamic; journal; market; mena; nifty; period; shariah; sukuk cache: ejif-6067.pdf plain text: ejif-6067.txt item: #109 of 145 id: ejif-6107 author: Brescia, Valerio; Sa'ad, Auwal Adam; Alhabshi, Syed Musa Bin Syed Jaafar; Hassan, Rusni Bt; Lanzalonga, Federico title: Exploring sustainability from the Islamic finance perspective date: 2021-12-29 words: 7509 flesch: 40 summary: Keywords: Islamic finance, Sustainability, Environmental Sustainability, Economic sustainability, Social sustainability, Literature review, Bibliometric analysis I. INTRODUCTION The rules of Islamic finance guide the Islamic banking and financial system and are known as Shariah principles, or Maqasid al-Shariah keywords: analysis; authors; banking; banks; doi; finance; islamic; journal; literature; number; pagg; research; sustainability; vol cache: ejif-6107.pdf plain text: ejif-6107.txt item: #110 of 145 id: ejif-6108 author: Hasan, ZULFIKAR title: Analysis of Factors Affecting Community Interest in Bengkalis Regency Riau Province Indonesia in Using Sharia Banking date: 2021-12-28 words: 6025 flesch: 56 summary: Islamic financial institutions remain stable and provide benefits, comfort, and security for their shareholders, securities holders, financing customers, and customers depositing funds in Islamic banks [12] Besides needing to see what factors increase the Bengkalis community to accomplish at Islamic bank. keywords: banking; banks; behavior; bengkalis; financial; indonesia; influence; interest; islamic; journal; people; regency; riau; value; variables cache: ejif-6108.pdf plain text: ejif-6108.txt item: #111 of 145 id: ejif-6114 author: Saeed Mohammed, Akhtar Ali; Mansor, Fadillah title: Role of the Central Bank in implementation of Value-Based Islamic Banking and Reporting in Bahrain – Exploring the challenges date: 2021-12-30 words: 7030 flesch: 43 summary: Although the results indicate the opinion of management and experts that the central bank can play a vital role for value- based Islamic banks, the study has certain limitations that should be examined in future studies. There is a need for more disclosure and reporting of value- based Islamic banking and recognised the necessity for social and economic prosperity and the responsibilities of Islamic banks as part of their business and Islamic principal [30]. keywords: bahrain; banking; banks; cbb; central; development; finance; financial; ifis; islamic; reporting; research; society; value cache: ejif-6114.pdf plain text: ejif-6114.txt item: #112 of 145 id: ejif-6116 author: Salman, Kautsar Riza title: Islamic Governance, Maqashid Syariah, and Islamic Social Reporting: The Case of Islamic Banks in Indonesia date: 2021-12-28 words: 9172 flesch: 46 summary: The finding of this study is a complete research model, namely the determinant model of Islamic social reporting disclosure in Islamic banks (Figure 1). Such a framework is not only useful for Muslim decision- makers but also useful for Islamic companies in fulfilling accountability to Allah and society. keywords: banks; board; company; disclosure; effect; governance; index; islamic; isr; maqashid; maqashid sharia; reporting; research; responsibility; sharia; study; supervisory cache: ejif-6116.pdf plain text: ejif-6116.txt item: #113 of 145 id: ejif-6158 author: Khavarinezhad, Sepideh; Biancone, Paolo; Jafari-Sadeghi, Vahid title: Financing in the Islamic System and Sustainable Economic Development of Selected Islamic Countries date: 2021-12-27 words: 5124 flesch: 40 summary: A wide range of Islamic financial institutions is active not only in Islamic countries but also in some European countries [6]. Global banks and Islamic financial institutions can expand around the world [28; 29]. keywords: countries; data; development; finance; financing; growth; islamic; journal; model; sukuk; test cache: ejif-6158.pdf plain text: ejif-6158.txt item: #114 of 145 id: ejif-6167 author: Papa, Claudia; Rossi, Noemi title: Smart Cities and Sustainable Finance date: 2022-07-19 words: 8405 flesch: 35 summary: Therefore, financing sustainable projects -such as sustainable infrastructure projects- with Islamic green ṣukūk, has the potential to raise money from both public and private investors while ensuring climate-smart design standards. City leaders face challenges in enacting changes in balancing the needs of citizens, government, businesses, NGOs, and others: smart city development requires a strategic, long-term vision to create inclusive, fully integrated and synergistic systems. keywords: cities; city; development; european; finance; financing; green; instruments; international; investors; islamic; issue; journal; projects; social; vol; ṣukūk cache: ejif-6167.pdf plain text: ejif-6167.txt item: #115 of 145 id: ejif-6199 author: Meskovic, Admir; Kozarevic, Emira; Avdukic, Alija title: Social Performance of Islamic Banks date: 2021-12-27 words: 12092 flesch: 51 summary: 1 European Journal of Islamic Finance - ISSN: 2421-2172 DOI: 10.13135/2421-2172/6199 - Published by University of Turin https://www.ojs.unito.it/index.php/EJIF/index EJIFcontent is licensed under a Creative Commons Attribution 4.0 International License Received: 11/05/2021 - Accepted for publication: 16/11/2021 - Published: 30/12/2021 Social Performance of Islamic Banks ˗ Theoretical and Practical Insights Admir Meskovic1, Emira Kozarevic2, Alija Avdukic3 1 University of Sarajevo, School of Economics and Business, Trg Alija Izetbegovic 1, Sarajevo 71000, Bosnia and Herzegovina 2 University of Tuzla, Faculty of Economics, Urfeta Vejzagića 8, Tuzla 75000, Bosnia and Herzegovina 3 University of Dundee, Al-Maktoum College, , 124 Blackness Rd, Dundee DD1 5PE, United Kingdom Contact Author: admir_meskovic@live.com Abstract — This study analyzes the social performance of 40 Islamic banks from 13 countries over the period 2012-2018, aiming to investigate to what extent Islamic banks around the world meet the social goals of the Islamic moral economy. keywords: abdelslam; asutay; banking; banks; belal; doi; economy; finance; goals; haniffa; hudaib; index; international; islamic; journal; maqasid; nizamee; performance; research cache: ejif-6199.pdf plain text: ejif-6199.txt item: #116 of 145 id: ejif-6202 author: Katterbauer, Klemens; Moschetta, Philippe title: A deep learning approach to risk management modeling for Islamic microfinance date: 2022-07-20 words: 6074 flesch: 43 summary: We have presented in this paper a novel AI-driven approach to financial risk management for Islamic microfinancing. Hence, a stronger focus on social parameters, such as charity contributions and faith may be key parameters to enhance microfinance efficiency and overcome the challenges of conventional risk management models. keywords: credit; data; feature; figure; finance; framework; islamic; journal; loan; management; microfinance; model; risk; value cache: ejif-6202.pdf plain text: ejif-6202.txt item: #117 of 145 id: ejif-6257 author: Calandra, Davide; Marseglia, Roberto; Vaccaro, Vincenzo; Chmet, Federico title: Mapping Islamic finance and new technologies: research and managerial perspectives date: 2022-04-22 words: 6066 flesch: 48 summary: There is currently no unified mapping in the literature despite numerous research studies. The field of Islamic finance is not exempt from radical changes and is gaining increasing attention from academics and practitioners. keywords: analysis; author; doi; finance; international; islamic; journal; research; technologies; technology; university; vol cache: ejif-6257.pdf plain text: ejif-6257.txt item: #118 of 145 id: ejif-6260 author: Zucchelli, Davidia title: Recent trend of deposits in Islamic banks date: 2022-04-22 words: 7595 flesch: 48 summary: PERFORMANCE OF DEPOSITS IN ISLAMIC BANKS The analysis of data referring to Islamic banks - as highlighted by numerous scholars, as in particular I. Warde (2000) [12] with regards to Pakistan, it is observed that any changes in the rate of interest or in the rate of profit of Islamic bank significantly affect the level of deposit in conventional as well as that of Islamic banks. keywords: accounts; banking; banks; countries; deposits; finance; https://www.ojs.unito.it/index.php/ejif/index; inclusion; income; interest; islamic; muslim; share; world cache: ejif-6260.pdf plain text: ejif-6260.txt item: #119 of 145 id: ejif-6312 author: Zulfikri, Zulfikri; Adam, Auwal; Kassim, Salina; Hassan, Anwar title: Trust Enhancement in Zakat Institutions using Blockchain Technology: A Qualitative Approach date: 2022-04-22 words: 5283 flesch: 45 summary: This means that zakat institutions may be collecting far less in zakat funds than the maximum amount that is potentially available. This information is needed when making decisions on whether zakat institutions should be trusted to obtain, use and distribute zakat funds that have been entrusted to them by zakat payers as noted by Mediawati [38]. keywords: blockchain; institutions; islamic; journal; management; quality; reputation; service; technology; trust; zakat; zakat institutions cache: ejif-6312.pdf plain text: ejif-6312.txt item: #120 of 145 id: ejif-6424 author: Antoniazzi, Sandra title: Islamic Banks and the European Banking Union: An Overview of Critical Issues and Perspectives date: 2022-04-22 words: 18129 flesch: 23 summary: Paper Title (use style: paper title) European Journal of Islamic Finance - ISSN: 2421-2172 DOI: 10.13135/2421-2172/6424 - Published by University of Turin https://www.ojs.unito.it/index.php/EJIF/index EJIF content is licensed under a Creative Commons Attribution 4.0 International License Received: 15/10/2021 - Accepted for publication: 30/03/2022 - Published: 18/04/2022 37 Islamic Banks and the European Banking Union: An Overview of Critical Issues and Perspectives 1 University of Rome 2 “Tor Vergata” (Italy) Contact the Author: As we known, the Islamic banking has adopted the Basel III standards, a solution that revealed a significant regulatory challenge, given that the agreement does not consider the specificities of Islamic banks and Islamic products present various profiles of incompatibility with the European (and international) markets [11]. keywords: banking; banks; basel; capital; countries; european; european banking; finance; gcc; https://www.ojs.unito.it/index.php/ejif/index; ifsb; iii; institutions; international; investment; islamic; islamic bank; journal; law; liquidity; market; principles; regulation; requirements; risk; rules; shariah; standards; system cache: ejif-6424.pdf plain text: ejif-6424.txt item: #121 of 145 id: ejif-6502 author: Sya'bani, Muhammad Jihad Rusnanda; Fathoni, Muhammad Anwar title: The Impact of Macroeconomic and Fundamental Ratios Against Sharia Stock Returns at JII date: 2022-07-20 words: 5972 flesch: 56 summary: Inflation significantly affects Islamic stock returns because, with high inflation rates, there is a tendency for low return values and vice versa. Meanwhile, this study partially found mixed results, including inflation and ROA having a significant effect on Islamic stock returns. keywords: capital; company; dan; effect; indonesia; inflation; investment; investors; islamic; market; return; roa; sharia; stock; value cache: ejif-6502.pdf plain text: ejif-6502.txt item: #122 of 145 id: ejif-6504 author: Kamdzhalov, Miroslav title: Evaluation of some key features of Islamic finance in non-Islamic economies date: 2022-07-19 words: 6627 flesch: 49 summary: European Journal of Islamic Finance - ISSN: 2421-2172 DOI: 10.13135/2421-2172/6504 - Published by the University of Turin https://www.ojs.unito.it/index.php/EJIF/index EJIF content is licensed under a Creative Commons Attribution 4.0 International License Received: 31/01/2022 - Accepted for publication: 26/05/2022 - Published: 29/07/2022 9 Evaluation of some key features of Islamic finance in non-Islamic economies: Bulgarian perspective 1 Department of International Economic Relations, University of Economics Varna, Bulgaria Contact Author: kamdzhalov@ue-varna.bg Abstract— In recent years Islamic finance has steadily increased in popularity. In this respect, the research sets itself a task to evaluate some key features of Islamic finance in the Bulgarian financial market. keywords: = =; banking; banks; criteria; european; finance; islamic; journal; principles; research; responsibility cache: ejif-6504.pdf plain text: ejif-6504.txt item: #123 of 145 id: ejif-6585 author: Cherqaoui, Sara title: Unlocking Islamic Finance and Entrepreneurship with Innovative Solutions date: 2022-12-29 words: 6869 flesch: 46 summary: Abstract - This paper aims to examine the role of Islamic finance and technology in unlocking the potential of MSMEs. In recent years Islamic finance has enjoyed rapid growth, but several challenges remain. keywords: banking; businesses; covid-19; finance; financing; fintech; islamic; msmes; potential; role; shariah cache: ejif-6585.pdf plain text: ejif-6585.txt item: #124 of 145 id: ejif-6628 author: Kadi, Sanaa title: Research Methods for Islamic Banking and Finance Law date: 2022-07-19 words: 7633 flesch: 35 summary: Moreover, in 2022, Salami, Tanrivermiş, and Abubakar[2] recognize four categories of stakeholders in their research on the methodology of Islamic finance: the first category is classified as Islamic scholars having a relative understanding of Islamic finance from the Quran, Hadith, and other Islamic sources, including Islamic jurisprudence (Fiqh); the second group of stakeholders identified in Islamic finance research is scholars acquainted with research methodologies, and they are frequently researchers; the third group recognized is the market investors and persons seeking Islamic finance research outcomes to make the right investment choices. Islamic finance is a system using a specific form of legal and financial norms which are compliant with Islamic law European Journal of Islamic Finance - ISSN: 2421-2172 DOI: 10.13135/2421-2172/6628 - Published by the University of Turin https://www.ojs.unito.it/index.php/EJIF/index EJIF content is licensed under a Creative Commons Attribution 4.0 International License Received: 15/03/2022 - Accepted for publication: 26/05/2022 - Published: 29/07/2022 5 (Sharia), later developed to become Islamic economics[38] and Islamic finance law. keywords: banking; doi; economics; finance; finance law; international; islamic; journal; law; methods; research; research methods; vol cache: ejif-6628.pdf plain text: ejif-6628.txt item: #125 of 145 id: ejif-6714 author: Nugroho, Lucky; Miglietta, Federica; Nugraha, Erik; Soekapdjo, Soeharjoto title: The Determinants Factors of Islamic Bank Profitability (Indonesia Empirical Cases) date: 2022-12-29 words: 7035 flesch: 58 summary: The type of income from Islamic bank financing depends on the financing contracts distributed by Islamic banks. Thus, based on the phenomena mentioned above, the problem statements in this study include: § Does the distribution of financing affect (Financing to Deposit Ratio-FDR) the Return on Assets (ROA)?; § Does the portion of micro and small business sector financing (Micro and Small Segment Financing-MSF) affect ROA?; § Does the promotion (Promotion Cost Ratio-PCR) of Islamic banks affect ROA?; § Does the quality of Islamic bank financing (Non- Performing Financing-NPF) affect ROA?; § Does the productivity of Islamic bank employees (Labor Cost Ratio-LCR) affect ROA?. keywords: banks; business; doi; effect; fasc; financing; islamic; islamic bank; micro; performance; products; roa; study; test; vol cache: ejif-6714.pdf plain text: ejif-6714.txt item: #126 of 145 id: ejif-6800 author: Rahmani, Ataollah; Avdukic, Alija title: A Maqasid-ul-Shari’ah Analysis of the Permissible Futures Trading in Islamic Financial Markets date: 2022-12-29 words: 13501 flesch: 55 summary: Bayt al Tamwil al Kuwaiti, ‘al Fatawa al Shariy’ah fi Masail al Iqtisadiyah’, 2nd ed. ‘al Mawsu al elmyyah wal Amaliyya lil Bunk al Islamiyya’ (Ecsyclopedia of Science and Practice of Islamic Banking, (Cairo: al ittihad al-Dawli lil Bunuk al Islamiyya), 5:438. keywords: bay’a; business; contracts; exchange; finance; futures; futures trading; gharar; international; islamic; journal; law; maqasid; market; parties; price; risk; sale; shari’ah; trading; transactions; university cache: ejif-6800.pdf plain text: ejif-6800.txt item: #127 of 145 id: ejif-6816 author: Abozaid, Abdulazeem; Khateeb, Saqib Hafiz title: A Critical Shariah and Maqasid Appraisal of Islamic Credit Cards date: 2022-12-29 words: 6432 flesch: 52 summary: European Journal of Islamic Finance - ISSN: 2421-2172 DOI: 10.13135/2421-2172/6816 - Published by the University of Turin https://www.ojs.unito.it/index.php/EJIF/index EJIF content is licensed under a Creative Commons Attribution 4.0 International License Received: 08/06/2022 - Accepted for publication: 18/11/2022 - Published: 29/12/2022 14 A Critical Shariah and Maqasid Appraisal of Islamic Credit Cards Abdulazeem Abozaid1, Saqib Hafiz Khateeb 2 1,2 College of Islamic Studies, Hamad Bin Khalifa University, Doha, Qatar Contact Author 1: abozaid.abdulazeem@gmail.com Contact Author 2: saqibhk1@gmail.com Abstract - Islamic banks and financial institutions have recently started issuing Islamic credit cards as substitutes for conventional credit cards after the Shariah scholars, due to the Riba involved, unanimously deemed the traditional credit cards unlawful. However, Islamic credit cards have different structures; some have been structured based on Eina or Tawarruq sales even though these two types of deals were ruled unlawful by the Fiqh academies. keywords: card; cardholder; credit; credit card; fee; finance; islamic; loan; riba; services; shariah cache: ejif-6816.pdf plain text: ejif-6816.txt item: #128 of 145 id: ejif-6901 author: Abdullah, Othman; Shaharuddin, Amir; Wahid, Muhamad Azhari; Harun, Mohd Shukor title: The Potentials and Challenges of Decision Support System for Islamic Banking and Finance date: 2022-12-29 words: 8178 flesch: 39 summary: • Che Mohd Salleh and Mohd Nor proposed “a framework of Intelligent Information Retrieval (IIR) for Shariah sources using Support Vector Machine (SVM) for Shariah decision making in the Islamic Financial Industry (IFI)”. European Journal of Islamic Finance - ISSN: 2421-2172 DOI: 10.13135/2421-2172/6901- Published by the University of Turin https://www.ojs.unito.it/index.php/EJIF/index EJIF content is licensed under a Creative Commons Attribution 4.0 International License Received: 08/06/2022 - Accepted for publication: 18/11/2022 - Published: 29/12/2022 25 D. Islamic Banking and Finance Decision Support System initiatives This section focuses on Shariah related decision making DSS initiatives in Islamic banking and finance operations. keywords: computer; decision; dss; fatwa; finance; fiqh; information; islamic; journal; knowledge; making; process; shariah; support; system; technology cache: ejif-6901.pdf plain text: ejif-6901.txt item: #129 of 145 id: ejif-7108 author: Siddiqui, Saif; Sumbul title: GMM dependency model for Shariah and underlying indices of India during Covid-19 period date: 2023-04-13 words: 5536 flesch: 55 summary: This work represents a significant advancement in creating optimal portfolios that include assets from Shariah indexes. The Impact of Global Financial Shocks to Islamic Indices : Speculative Influence or Fundamental Changes ? keywords: finance; index; indexes; indices; islamic; journal; market; nifty; shariah; stock; study; test cache: ejif-7108.pdf plain text: ejif-7108.txt item: #130 of 145 id: ejif-7162 author: Kadi, Sanaa title: Islamic Finance in Finland: Perceptions of the Muslim Minority about Riba and Islamic Banking date: 2023-04-19 words: 10203 flesch: 50 summary: For example, we are interested in whether the Muslim community in Finland is interested in using Islamic financial products if they were accessible, and whether they will become customers of Islamic financial institutions if they are established in Finland. Keywords: Interest; Riba; Islamic banks; Islamic finance in Finland; Housing and Muslims in Finland; financial inclusion European Journal of Islamic Finance - ISSN: 2421-2172 DOI: 10.13135/2421-2172/7162 Published by University of Turin https://www.ojs.unito.it/index.php/EJIF/index EJIF content is licensed under a Creative Commons Attribution 4.0 International License 45 1. keywords: banking; banks; community; european; finance; finland; ibf; interest; islamic; journal; living; muslim; research; respondents; riba; study cache: ejif-7162.pdf plain text: ejif-7162.txt item: #131 of 145 id: ejif-7178 author: aboul-dahab, karim mohamed title: The contribution of the Islamic and Social banks to the concept of sustainable development date: 2023-08-01 words: 7542 flesch: 39 summary: On the other hand, social banks are founded on using financial services to “create a positive impact on the society and the environment; respectively, customers see Islamic banks, depositors, and the broader community as having a social as well as an economic role. On the other hand, social banks’ entails to provide greater value to society and environment indirectly through the lending projects that help the poor and needy people. keywords: banking; banks; business; csr; development; european; finance; income; interest; international; islamic; journal; profit; projects; responsibility; social cache: ejif-7178.pdf plain text: ejif-7178.txt item: #132 of 145 id: ejif-7221 author: Zulfikri, Zulfikri; Kassim, Salina; Abdullah Othman, Anwar Hassan title: A Conceptual Framework of the Blockchain Technology Adoption for Zakat Institution in Indonesia date: 2023-04-13 words: 4714 flesch: 41 summary: The purpose of this paper is to propose a research model of blockchain technology acceptance for the Zakat institution. 26/12/2022 Accepted for publication: 15/02/2023 Published: 21/04/2023 Abstract The adoption of blockchain technologies necessitates the consideration of a wide range of factors far beyond the technology focus of most current research. keywords: acceptance; blockchain; blockchain technology; islamic; journal; model; study; tam; technology; trust; use; zakat cache: ejif-7221.pdf plain text: ejif-7221.txt item: #133 of 145 id: ejif-7321 author: Hilmy, Hayathu Mohamed Ahamed; Sajith, S.A.; Ilma, M.A.F. title: Awareness of Islamic financial institutions among non-Muslims in the Ampara district of Sri Lanka date: 2023-07-27 words: 5304 flesch: 49 summary: Therefore, this research aims to determine the awareness level of non-Muslims of Ampara district in Sri Lanka about Islamic financial institutions and identify whether they realize the existing difference between Islamic financial institutions and conventional financial institutions in Sri Lanka. According to the findings, even if non-Muslims are as aware of Islamic financial institutions as conventional financial institutions, their engagement level in Islamic financial institutions is very low. keywords: banking; finance; institutions; islamic; lanka; muslims; non; respondents; sri cache: ejif-7321.pdf plain text: ejif-7321.txt item: #134 of 145 id: ejif-7345 author: Aqib Ali, Muhammad title: An assessment of Islamic Banking in Asia, Europe, USA, and Australia date: 2023-04-13 words: 9644 flesch: 46 summary: As reported by IFSB’s IFSI Report 2019, Iran has a staggering 32% share of global assets in Islamic banking sector and in addition to this merit; Iran is the premier country to implement Islamic banking at the state level by transforming the entire banking setup to Shariah-compliant banking and financial system. According to Padovani (Padovani, 2017), the demand for Islamic banking services exists in Italy, and significant Islamic banking players, including the Al-Barakah Banking Group (ABG) from Bahrain, are considering entering the Italian banking industry; Padovani further emphasised the huge potential of IB initiative but asserted that the general regulatory environment and legal framework matters must be addressed beforehand to govern the operational aspects for Islamic banking and financial institutions. keywords: banking; banks; central; countries; country; european; finance; financial; industry; international; islamic; islamic bank; islamic finance; journal; sector; services; shariah cache: ejif-7345.pdf plain text: ejif-7345.txt item: #135 of 145 id: ejif-7429 author: Gunduz, Cemil; Calandra, Davide; Biancone, Paolo title: Halal tourism: a web content analysis in Italy date: 2023-04-14 words: 5720 flesch: 51 summary: One of the limitations of this research is that since the sample only covers halal hotels and services in Italy, generalizations cannot be made about halal tourism sectors in other countries. The facility of halal tourism services provides Muslim travellers' needs and promotes cultural exchange and understanding between different communities (Carboni & Idrissi Janati, 2016). keywords: food; halal; halal hotels; halal tourism; hotels; italy; muslim; non; number; research; services; study; tourism cache: ejif-7429.pdf plain text: ejif-7429.txt item: #136 of 145 id: ejif-777 author: Aqib Ali, Muhammad title: Evolution & Development of Islamic Banking – The Case of Pakistan date: 2015-03-10 words: 5742 flesch: 46 summary: ORIGIN OF ISLAMIC BANKING IN PAKISTAN The Islamization process in Pakistan concurred with the movement of Islamic finance in the world in the second half of 1970s. The gradual and steady progress of Islamic banks continued and the industry of Islamic finance thrived as time passed. keywords: banking; banks; countries; development; finance; financial; growth; institutions; interest; islamic; pakistan; prof; riba; system cache: ejif-777.pdf plain text: ejif-777.txt item: #137 of 145 id: ejif-779 author: Coopchik, Spencer J. title: Judicial Decision-Making in Islamic Banking and Finance date: 2015-06-19 words: 15045 flesch: 55 summary: Second paper examines two methods of judicial-decision making, legalism and the economic theory, as applied to Islamic jurists. Finally, the paper calls for a broader discussion on whether Western theories of judicial decision-making, and therefore concepts of legal realism, should be used to analyze Islamic jurists. keywords: banking; decision; fatwa; finance; ijtihad; income; institution; interpretation; islamic; islamic finance; jurist; law; legal; making; piety; power; shari’ah; ssb; theory; vol cache: ejif-779.pdf plain text: ejif-779.txt item: #138 of 145 id: ejif-784 author: Khalid, Mujtaba title: Waqf as a Socially Responsible Investment instrument A case for Western Countries date: 2015-03-10 words: 3103 flesch: 48 summary: This is not the case for cash Waqf as their survivability is not dependent on the repayment of borrowers. Keywords- Waqf, Socially Responsible Investing, Islamic Finance Evolution, Islamic Finance and Non-Muslim Countries INTRODUCTION keywords: capital; finance; investment; islamic; journal; muslim; non; prof; university; waqf cache: ejif-784.pdf plain text: ejif-784.txt item: #139 of 145 id: ejif-790 author: ABD RAZAK, ABD HAKIM title: THE FUNDAMENTALS OF ISLAMIC BANKING AND FINANCE: A PROLOGUE date: 2015-06-19 words: 9215 flesch: 60 summary: Paper Title (use style: paper title) http://www.ojs.unito.it/index.php/EJIF ISSN 2421-2172 1 The Fundamentals Of Islamic Banking and Finance: Keywords; Islamic Banking; Maqasid As-Sharia'; Sharia' Compliance; Riba'; Gharar; Socially-responsible Investing I. INTRODUCTION Prior to the devastating global financial crisis in early 2008, the inter-relationship between religion and finance was considered irrelevant [1], which partly owes to modern capitalism‘s separation of religion from politics, economics, and governmental administration. keywords: banking; business; contract; finance; financial; gharar; god; interest; islamic; islamic finance; journal; law; malaysia; prof; profit; prohibition; prophet; riba; sharia; transaction; university cache: ejif-790.pdf plain text: ejif-790.txt item: #140 of 145 id: ejif-793 author: Prastowo, Lucky Nugroho title: The Challenges of Islamic Microfinance (Indonesia Evidence) date: 2015-03-10 words: 4424 flesch: 54 summary: Background Issuance the Act (UU) No.1 Year 2013 on microfinance institutions will certainly have an impact on changes in the shape and condition of Indonesian microfinance institutions including Islamic microfinance institutions in the future, because the Act requires microfinance institutions have legal entities or shareholder firm and also the operations of microfinance institutions will be supervised by the financial services authority. Objectives and Contributions Goals and contribution of this study is to provide input for Islamic microfinance institutions (BMT) in order to survive in the future. keywords: bmt; future; income; institutions; islamic; microfinance; microfinance institutions; prof; university; women cache: ejif-793.pdf plain text: ejif-793.txt item: #141 of 145 id: ejif-800 author: Anass, PATEL title: Channeling Asset-Managed Sukuk towards SMEs financing: a case study for Sukuk Mudaraba (asset finance) applied to a French SME date: 2015-03-10 words: 11417 flesch: 34 summary: Moreover, the distribution for smaller corporate deals has often been restricted to one ―buy-and-hold‖ investor in the past, while the prevalence of sovereign guarantees has made asset risk incidental to counterparty risk and credit support mechanisms sponsored by sovereign goodwill, hampering market maturity and investor sophistication. From a market practitioner‘s point of view, we distinguish between the two structures of sukuk contracts that convey shariah-compliant asset ownership to investors: either (i) asset originators themselves issue notes backed by existing Islamic assets, or (ii) the originator sells Islamic assets (and/or the proceeds thereof) to an unaffiliated SPV, which issues notes with a put/tender feature to fund the acquisition of assets. keywords: asset; business; capital; cash; credit; debt; european; finance; financing; information; investment; investors; islamic; islamic finance; journal; management; market; new; risk; securitization; sharing; smes; structure; sukuk cache: ejif-800.pdf plain text: ejif-800.txt item: #142 of 145 id: ejif-848 author: Odeduntan, Akeem Kolawole; Adewale, Abideen Adeyemi title: Financial Stability of Islamic Banks: A Review of the Literature date: 2015-06-19 words: 6475 flesch: 44 summary: V. FINANCIAL STABILITY OF ISLAMIC BANKS In reviewing financial stability of Islamic banks, the study of Mat Rahim, Mohd Hassan and Zakaria (2012) is one of the few in the line of the subject of this paper. Paper Title (use style: paper title) http://www.ojs.unito.it/index.php/EJIF ISSN 2421-2172 1 Financial Stability of Islamic Banks: A Review of the Literature 1 Oaksprings Educational Services, Nigeria, ak.odeduntan@oakspring.com.ng 2 International Islamic University Malaysia, abidewale@iium.edu.my Abstract— The recent global financial crisis that began in the US and spread sporadically to other parts of the world has been a sort of awakening that financial stability of financial institutions should be on check from time to time. keywords: banking; banks; data; efficiency; finance; financial; islamic; journal; paper; prof; risk; stability; study; system; university cache: ejif-848.pdf plain text: ejif-848.txt item: #143 of 145 id: ejif-908 author: Biancone, Paolo Pietro; Radwan, Maha title: Sharia Compliant “Possibility for Italian SMEs” date: 2015-03-10 words: 6415 flesch: 48 summary: Sukuk which are Islamic financial instrument that are similar to those of conventional bonds but a key difference is that they are backed with underlying asset. Saudi Arabia Prof. Nidal A. Alsayyed, Inayah Islamic Finance Research Institute, USA Prof. Roberta Aluffi, University of Turin - Italy Prof. Ghassen Bouslama, NEOMA Business School - Campus de Reims, France Prof. Nazam Dzolkarnaini, Salford University, UK Prof. Kabir Hassan, University of New Orleans, USA Prof. Khaled Hussainey, University of Plymouth, UK Prof. Rifki Ismal, University of Indonesia Prof. Tariqullah Khan, Hamad bin Khalifa University, Qatar Prof. Ali Khorshid, ICMA Centre Reading University - UK Prof. Amir Kia, Utah Valley University, USA Prof. Laurent Marliere, Université Paris-Dauphine France Prof. Federica Miglietta, University of Bari - Italy Prof. Hakim Ben Othman, University of Tunis - Tunisia Prof. Mohamed Ramady, King Fahd University of Petroleum and Minerals, Saudi Arabia Prof. Mamunur Rashid, Nottingham University, Malaysia Prof. Younes Soualhi, International Islamic University Malaysia Prof. Laurent Weill, University of Strasbourg, France keywords: cb cb; companies; compliant; finance; interest; islamic; italian; ratio; screening; sharia; smes; total cache: ejif-908.pdf plain text: ejif-908.txt item: #144 of 145 id: ejif-922 author: Chowdhury, Mohammad Ashraful Ferdous title: Which is more important in terms of Profitability of Islamic banks: Bank Specific factors or Macroeconomic factors? An Empirical Study on Malaysian Islamic Banks date: 2015-06-19 words: 5508 flesch: 43 summary: The study results has support the positive relationship and statistically significant between inflation and Islamic banks profitability. Here, Inflation is positively related to Islamic banks profitability, implying that during the period under study the levels of inflation were anticipated by the Islamic banks. keywords: assets; banking; banks; berhad; determinants; factors; inflation; islamic; malaysia; performance; profitability; risk; study; total cache: ejif-922.pdf plain text: ejif-922.txt item: #145 of 145 id: ejif-944 author: Biancone, Paolo Pietro; Shakhatreh, Mohammad Ziad title: Using Islamic Finance for Infrastructure projects in non-Muslim Countries date: 2015-06-19 words: 7538 flesch: 47 summary: Paper Title (use style: paper title) http://www.ojs.unito.it/index.php/EJIF ISSN 2421-2172 1 Using Islamic Finance for Infrastructure Projects in Non-Muslim Countries 1 University of Turin, Italy, paolo.biancone@unito.it 2 University of Turin, Italy, mohammad.shakatreh@unito.it Abstract— Using Islamic project finance is the solution to fill the gap between infrastructure demand and available finance. Keywords: Islamic project finance, Shariah principle, Islamic Financial instrument, infrastructure project. keywords: assets; company; countries; finance; financial; financing; infrastructure; islamic; law; musharakah; principle; project; project finance; shariah; sukuk; university cache: ejif-944.pdf plain text: ejif-944.txt