Purpose – The purpose of this paper is to set out the role of banking in a binary and Islamic economy. Design/methodology/approach – By comparison, the paper shows that the main requirements for such an economy, although superficially similar, differ from the realities of “free market”...

Purpose – The purpose of this paper is to explore the extent to which macroeconomic variables affect the Islamic stock market behavior in Malaysia in the post 1997 financial crisis period. Design/methodology/approach – The paper employs the latest estimation technique of autoregressive...

Purpose – The purpose of this paper is to draw an analytical review on corporate governance from the Islamic perspective, addressing the importance of understanding governance for Islamic institutions. Design/methodology/approach – The study follows a browsing method that takes into...

Purpose – The purpose of this paper is to attempt to investigate the conceptual foundations of methodological inquiry in Islamic economics. The paper aims to develop criteria of acceptance and rejection of a theory and providing rationalizations and guidelines in the process of theory...

Purpose – The purpose of this paper is to contribute to the existing body of work in the area of Islamic microfinance by examining the co-operative nature of Islamic financial services providers (IFSPs) in Australia. Design/methodology/approach – The method employed in this study is a...

Purpose – The purpose of this paper is to elaborate and elucidate the experience of Malaysia in developing the Islamic financial system by explaining the different developments and methods that has been deployed since its inception in 1963 until now and how best these experience can be used in...

Purpose – To reason whether the interest-based fiat monetary system is compatible with the objectives of the Islamic law or the Shariah. Design/methodology/approach – This is a theoretical paper that uses the quantity theory of money and the objectives or maqasid al-Shariah as expounded by...

Purpose – The proposed paper aims at contributing an objective analysis of the nature, agenda and politico-economic and strategic dynamics of the contemporary movement of globalization. The paper is going to explore the significant patterns of economic changes, which have culminated into...