International Journal of Islamic and Middle Eastern Finance and Management: Volume 11 Issue 3

Identifying the optimal level of gold as a reserve asset using Black–Litterman model: The case for Malaysia, Turkey, KSA and Pakistan

Kamola Bayram, Adam Abdullah, Ahamed Kameel Meera

After the collapse of the Bretton Woods fixed exchange rate system in 1971, countries moved towards floating exchange rates, and the expectation was that the requirement for…

Moderating role of religiosity on Zakat compliance behavior in Nigeria

Abubakar U. Farouk, Kamil Md Idris, Ram Al Jaffri Bin Saad

This paper examines the moderating effect of religiosity in the theory of reasoned action (TRA) on intention to comply with the Zakat on employment income (ZEI).

A proposed model for waqf financing public goods and mixed public goods in Malaysia

Azniza Hartini Azrai Azaimi Ambrose, Mohamed Aslam Gulam Hassan, Hanira Hanafi

The purpose of this paper is to formulate a model for waqf financing of public goods and mixed public goods in Malaysia which constitute the country’s federal government…

Earnings announcements, stock price reaction and market efficiency – the case of Saudi Arabia

Ali Murad Syed, Ishtiaq Ahmad Bajwa

This study aims to find the response by stock market against the announcements of quarterly earnings is empirically tested by exploiting event study methodology. Efficient market…

Identifying the determinants of Malaysian corporate Sukuk rating

Nur Amirah Borhan, Noryati Ahmad

This study aims to identify the determinants of Malaysian corporate Sukuk rating and attempts to find out which determinant has the most significant impact.

Does sin matter in corporate governance issues in the United States

Hanene Ezzine, Bernard Olivero

The authors provide evidence for the effects of social norms on corporate governance risk by studying “sin” stocks publicly traded companies involved in producing alcohol…

Corporate governance quality of Islamic banks: measurement and effect on financial performance

Hana Ajili, Abdelfettah Bouri

This paper aims to assess the measurement of the Corporate Governance (CG) quality of Islamic Banks (IBs) and its effect on financial performance.

Efficiency and productivity performance of zakat funds in Algeria

Chams-Eddine Djaghballou, Mohamed Djaghballou, Mousa Larbani, Azhar Mohamad

The purpose of this study is to examine the efficiency and productivity performance of zakat funds managed by Directorates of Religious Affairs and Endowments (DRAE) in Algeria.

Sharīʿah-compliant deposit insurance scheme: a proposed additional modality

Madaa Mustafa, Syed Faiq Najeeb

This paper aims to make a first attempt to highlight the Sharīʿah-compliance challenges of existing Sharīʿah-compliant deposit insurance schemes (SCDIS), particularly the issue of…