Studies on the relationship between religion and Entrepreneurship suggest that Islam discourages entrepreneurship. This is sometimes used to explain the excessively high unemployment figures for Muslim majority countries. However, we argue that studies that support this claim have missed a...

Purpose This study aims to quantify the cost of rebalancing Sharīʿah-compliant indexes, both economically and statistically. Design/methodology/approach An empirical approach is employed where the rebalanced Sharīʿah-compliant index is calculated numerous times with different lags in...

This study examines the relationship between economic liberalization and the size of the shadow economy in Egypt. We use annual data from 1976 to 2013 and show that economic liberalization policies in Egypt have a statistically significant decreasing effect on the size of the shadow economy as a...

Studies on the relationship between religion and Entrepreneurship suggest that Islam discourages entrepreneurship. This is sometimes used to explain the excessively high unemployment figures for Muslim majority countries. However, we argue that studies that support this claim have missed a...

Purpose - This study aims to quantify the cost of rebalancing Sharīʿah-compliant indexes, both economically and statistically. Design/methodology/approach - An empirical approach is employed where the rebalanced Sharīʿah-compliant index is calculated numerous times with different lags in...

Cost of capital is the most important aspect for investors when deciding to invest in ESG stocks. Against this background there is a puzzle in the ESG literature. When formulating hypotheses or in-terpreting empirical findings, empirical ESG cost of capital papers use economic interpretations...

The COVID-19 pandemic is expected to have a severe socio-economic impact with significant losses of GDP and high unemployment rates. As a result, governments worldwide are attempting to mitigate these impacts through government intervention. One major method of alleviating the socio-economic...

Natural resources and their rents have become critical as explanatory factors in economic research, most popularly with measures made available by the World Bank. However, the used definition of natural resources seems to miss out on the two natural resources: water and fertile land. This paper...

Islamic banks must comply with the interest rate prohibition to maintain Shari’ah compliance. This means that depositors cannot be offered fixed guaranteed returns on their investments. As an alternative, Islamic banks offer profit sharing investment accounts that depend on underlying...