Purpose: The research on causes of economic performance has largely focused on economic factors. However, a simple focus on economic indicators cannot cause sustained equilibrium of economic performance. Social solidarity is of central importance in the fall or rise of a civilization. This...

Purpose: The purpose of this paper is to determine the optimal profit-and-loss sharing (PLS)-based contract when market frictions occur. Design/methodology/approach: This paper opts for an adverse selection analysis and Monte Carlo simulation to assess the less risky contract for the principal...

Purpose: This paper aims to investigate the current mechanism of taʿwidh (compensation) from the perspective of Shariīʿah, which is used by Islamic banking in Malaysia to deal with the issue of late payment. Design/methodology/approach: This study is qualitative in nature, using...

Purpose: This paper aims to analyse the opportunity of an exclusive investment in the DJ Islamic indexes. The objective is to characterize the links between MENA region index with seven DJ Islamic indexes. Design/methodology/approach: A co-movement analysis was conducted to assess whether there...

Purpose: This study aims to develop a model to analyze the effect of background music on Islamic consumer purchase behavior regarding to ambiguity in the Islamic texts. Design/methodology/approach: In this experimental design, the population included chain store consumers in Tehran, among whom...

Purpose: This paper aims to examine whether Sharia mutual fund managers are able to gain abnormal returns from what is called the Ramadhan effect. Design/methodology/approach: The authors use GARCH regression on daily data of domestic Sharia mutual fund performance in Indonesia and Malaysia...

Purpose: The paper aims to investigate whether the Islamic banks (IBs) and the conventional banks (CBs) could be distinguished from one another on the basis of their capital structure, profitability and their respective determinants with using a multivariate statistical method for analysis of...

Purpose: The purpose of this study is to empirically investigate the impact of intellectual capital (IC) on the financial performance of Islamic banks operating in the Gulf Cooperation Council (GCC) countries. Design/methodology/approach: The study measures IC by the value added intellectual...

Purpose: This paper aims to explore the determinants of intention to use Islamic banking and compare the consumer behavior of users and non-users of Islamic banking. This study incorporates the theory of planned behavior in Islamic banking perspective with an additional construct from...

Purpose: Increasing managerial ownership gives rise to the managerial opportunistic behaviors, among which bad news hoarding has attracted a lot of attention. Nevertheless, there always exists a threshold level at which the accumulated bad news releases abruptly, thereby resulting in corporate...