ISRA International Journal of Islamic Finance: Volume 10 Issue 2 , Open Access

Editorial

Ashraf Md. Hashim

Can UGITs promote liquidity management and sustainable development?

Dalal Aassouli, Muhammed-Shahid Ebrahim, Rohaida Basiruddin

This paper aims to propose a liquidity management solution for Islamic financial institutions (IFIs) that concurs with sustainable development and financial stability.

Qualitative validation of a financially affordable Islamic home financing model

Mohd Zaidi Md Zabri, Mustafa Omar Mohammed

This study aims to validate a potential synergistic venture between cash waqf (Islamic endowment) institutions (CWIs) and financial cooperatives (FCs) in the provision of…

Sharīʿah-compliance ratings of the Islamic financial services industry: a quantitative approach

Muhammad Hanif

This study aims to develop a Sharīʿah-compliance rating mechanism for the Islamic financial services industry (IFSI), with a special focus on banking. The banking sector is taken…

Credit risk management: A comparative study of Islamic banks and conventional banks in Pakistan

Hassan Akram, Khalil ur Rahman

This study aims to examine and compare the credit risk management (CRM) scenario of Islamic banks (IBs) and conventional banks (CBs) in Pakistan, keeping in view the phenomenal…

Bayʿ wa salaf in Islamic banking current practices

Munawwaruzzaman Mahmud, Muhammad Hisyam Hassan, Nur Fathin Khairul Anuar

The purpose of this paper is to analyze the issue of bayʿ wa salaf (the combination of sale and loan contracts in a single arrangement) from the Sharīʿah perspective. Based on the…

Cooperative-waqf model: a proposal to develop idle waqf lands in Malaysia

Anwar Allah Pitchay, Mohamed Asmy Mohd Thas Thaker, Al Amin Mydin, Zubir Azhar, Abdul Rais Abdul Latiff

Waqf (Islamic endowment) in the form of cash is important to address the problem of developing idle waqf lands. Although there are various existing models of cash waqf, there is…

Analysing ar-rahnu in the context of informal credit market theory: Evidence from women micro-entrepreneurs in Malaysia

Nik Hadiyan Nik Azman, Salina Kassim, Adewalee Abideen Adeyemi

This study aims to offer a new area of discourse by investigating the factors determining the usage of the Islamic non-bank financing product ar-rahnu (Islamic pawnbroking) among…

Malaysian corporate tax rate and revenue: the application of Ibn Khaldun tax theory

Hairul Azlan Annuar, Khadijah Isa, Salihu Aramide Ibrahim, Sakiru Adsebola Solarin

The present study aims to investigate the impact of the reduction of the corporate tax rate on corporate tax revenue. The study adopts the theory of taxation by Ibn Khaldun…

Tawhidi Islamic economics in reference to the methodology arising from the Qurʾān and the Sunnah

Masudul Alam Choudhury

The purpose of this paper is to lay down the methodological structure of the epistemology of tawhid (Oneness of Allah). In this paper, the meaning of tawhid also refers to the…

Islamic finance: financial inclusion or migration?

Ahmed Tahiri Jouti

This paper aims to define a methodology to assess the impact of introducing Islamic finance on financial inclusion.