A shari‘ah compatible fixed-return financial instrument is needed in an Islamic economy. This paper explores the potential of ijara (renting)-based financial instruments to meet this need. The paper proposes ijara-bonds as marketable Islamic financial instruments for resource mobilization in...

In 2011, Islamic banking reached around 24% of the banking sector in Qatar, yet Qatar Central Bank (QCB) has not developed a Sharīʿah compliant financier of last resort. This paper investigates to which extent the available liquidity management instruments for Islamic banks are Sharīʿah...

Handbook on Islam and Economic Life is a unique study, one of the first of its kind to consider Islam within a broader economic sphere. Covering a wide breadth of topics and research, it explores how Islam impinges upon and seeks to shape major aspects of economic life including economic...

The present research sheds new lights on instruments for public resources mobilization that are based on Islamic principles of financing, rather than on principles of taxation.

Handbook on Islam and Economic Life is a unique study, one of the first of its kind to consider Islam within a broader economic sphere. Covering a wide breadth of topics and research, it explores how Islam impinges upon and seeks to shape major aspects of economic life including economic...

The Handbook of Islamic Banking comprises 25 studies by leading international experts on Islamic banking and finance specially commissioned to analyse the various debates and the current state of play in the field. This comprehensive Handbook provides a succinct analysis of the workings of...

This paper navigates through the civil liability legal theory in studying its economic effects. It aims at giving an insight of the Islamic system of liability. To do so, it begins with a brief introduction of what a liability system is through a glance at the experience of the United States in...

This paper attempts to study the potential direct and indirect effects of zakat implementation on the Government's budget within the context of contemporary society. In developing the arguments, seven assumptions are made in the article, and the case of pakistan is taken as an example. The...