Purpose This paper aims to integrate Islamic and mainstream economics framework towards a more realistic understanding of Muslim consumption behaviour. Design/methodology/approach The model incorporates some of the Islamic institutions like period-wise deduction of Zakat from endowments. It also...

Purpose: This paper aims to study the cross section of expected returns on Shari’ah-compliant stocks in Pakistan by using single- and multi-factor asset pricing models. Design/methodology/approach: To estimate cross section of expected returns of Shari’ah-compliant stocks, the study uses...

Purpose: This study aims to examine the consumption behaviour in Organization of Islamic Cooperation countries. Design/methodology/approach: Using time series and panel data, this study estimates rational expectations permanent income hypothesis model and the intertemporal elasticity of...

Purpose: This study aims to comparatively analyze the performance of Islamic and conventional income and equity funds using various performance evaluation methods. Design/methodology/approach: The authors comparatively analyze the performance of mutual funds using measures, such as tracking...

This chapter looks at the relationship between governance and economic development in selected Organization of Islamic Cooperation (OIC) member countries. This chapter outlines the concept of good governance in Islamic faith and episteme and provides some empirical evidence on the governance...

Muslim investors must comply with the ethical injunctions prescribed for them while making financial investments. As per Islamic principles, the use of Riba (interest), Maysir (gambling) and Gharar (uncertain or contingent payoff contracts) is prohibited. This chapter provides some recent post...

Purpose – The purpose of this paper is to provide an insight of Islamic securitization based on sukuk structures. Design/methodology/approach – Descriptive, analytical, and comparative analyses are used to discuss the risk-sharing behaviour in Islamic securitization through different...