The paper investigates efficiency performance of thirty six banks operating in Gulf Cooperation Council (GCC) countries during the period 2006-2008 . Our results indicate in general GCC banks showed considerable pure technical efficiency in the past three years with the year 2007 exhibit the...

After highlighting different views of Islamic scholars on option derivatives, the paper explores a potential role for option derivatives as useful risk management tool in commodity markets, while attuned to Islamic Shariah principles. The author illustrated a model of commodity stock market to...

This paper presents a new model of managing the risk of financing small and medium scale enterprises. The model is based on insurance of a credit fund allocated for SME.

The paper investigates formation of a charity bank based on the notion of Wagf (physical and financial assets endowment). The basic idea here is to manage and invest these endowments, and use its net earnings for zero interest loans and for food and shelter donation to the destitutes in the...