Islamic banks differ significantly in that they typically mobilise funds in the form of Profit Sharing Investments Accounts that are remunerated on the basis of sharing the actual returns on assets financed by the investment funds, with the Investment Account Holders. In theory, the profits are...

The aim of this research is to analyze consequences of the consideration of ethical principles in the financial decisions process of banks. More specifically we study how the consideration of Shariah principles could affect the capital structure of Islamic Banks. We first apply concepts and...

The aim of this paper is to apply a semi-parametric methodology developed by Mesfioui and Quessy (2005) to derive the Value-at-Risk bounds for portfolios of possibly dependent financial assets when the marginal return distribution is in the domain of attraction of the generalized extreme value...