Shari’a governance is considered a crucial element of the Islamic banking industry. As recent as 2017, Islamic banks in … the Kingdom of Bahrain were required by the regulator to have only a Shari’a Supervisory Board and an internal Shari’a … function. In 2017, the Central Bank of Bahrain issued a new Shari’a Governance module (SG) in its rulebook, requiring all …

The purpose of this paper is to analyze whether the practice of Islamic microfinance serves maqāsid al-shari'a … maqāsid al-shari'a pertaining to an Islamic economy and mal (wealth) are developed, which are then used as a base of analysis … for analyzing whether the practice of Islamic microfinance serves maqāsid al-shari'a. The research further uses an Islamic …

element of paramount significance. This Article explores the role of Shari’a Law and its impact on the economic development of … Shari’a Law in economic development. In international trade relations and dispute resolution mechanisms such as formal …) the plurality of laws leads to the adoption of Shari’a Law over the Civil and Common Law regimes.  …

worldwide. More particularly, our research assesses empirically why and how the adoption of Shari’a, wholly or partially … primary results show that countries adopting a Shari’a legal system have a very well-developed Islamic financial system …. Moreover, countries adopting a mixed legal system based on common law and Shari’a law have sufficient flexibility within their …

Shari'a compliant stocks are a recent development under Islamic finance, whereby stocks are screened through Shari'a … contributing in determining stock prices of Shari'a compliant companies in Pakistan. Our sample includes all 97 non … variable in pricing, however, with the inclusion of market index in analysis, the single important variable in pricing of Shari'a …

Shari'a compliant stocks are a recent development under Islamic finance, whereby stocks are screened through Shari’a … contributing in determining stock prices of Shari’a compliant companies in Pakistan. Our sample includes all 97 non … variable in pricing, however, with the inclusion of market index in analysis, the single important variable in pricing of Shari’a …

the shari'a scholar certifying the issue. We use the event study methodology to measure abnormal returns for a sample of … on the stock price of the issuing firm. We observe a similar positive impact from shari'a scholar reputation and …​Sukuk, the shari'a-compliant alternative mode of financing to conventional bonds, have considerably expanded over the …