ISRA International Journal of Islamic Finance: Volume 11 Issue 1 , Open Access

Editorial

Beebee Salma Sairally

Determinants of the decision to adopt Islamic finance: evidence from Oman

Yasmeen Al Balushi, Stuart Locke, Zakaria Boulanouar

Small and medium enterprises’ (SMEs) capital structure and financial policies are important areas of policy concern. Only a limited number of studies on capital structure have…

Liquidity creation and bank performance: evidence from MENA

Ahmad Sahyouni, Man Wang

Islamic banks have significantly different balance sheets from their conventional counterparts, leading to different implications in relation to liquidity creation compared to…

Interest-free monetary policy and its impact on inflation and unemployment rates

Mohammad Selim, M. Kabir Hassan

This paper aims to examine the effects of interest-free and interest-based monetary policy on inflation and unemployment rates for two groups of countries where in one group…

Proposed models for unit trust waqf and the parameters for their application

Syahnaz Sulaiman, Aznan Hasan, Azman Mohd Noor, Muhd Issyam Ismail, Nazrul Hazizi Noordin

This paper aims to present the viability of unit trust waqf (Islamic endowment) as an alternative asset class for waqf creation.

A proposal designed for calibrating the liquidity coverage ratio for Islamic banks

Muhammed Habib Dolgun, Abbas Mirakhor, Adam Ng

This paper aims to critically investigate the liquidity risk management of Islamic banks and develop an alternative regulatory framework appropriate for liquidity management of…

A proposed human resource management model for zakat institutions in Malaysia

Aznan Hasan, Rusni Hassan, Engku Rabiah Adawiah Engku Ali, Engku Muhammad Tajuddin Engku Ali, Muhamad Abduh, Nazrul Hazizi Noordin

The purpose of this study is to propose a contemporary human resource management (HRM) framework by zakat institutions, which collect and manage religious alms, both obligatory…

Rent-seeking behaviour and ẓulm (injustice/exploitation) beyond ribā-interest equation

Mohammad Omar Farooq

The purpose of this paper is to explore the concept of rent-seeking behaviour and rentier state in the context of ẓulm (injustice and exploitation), which is one of the key…

Contemporary issues of form and substance: an Islamic law perspective

Mohamed Hamour, Mohammad Hassan Shakil, Ishaq Mustapha Akinlaso, Mashiyat Tasnia

This paper aims to analyse the concept of form over substance and introduces the term substance gap to the literature. The substance gap is defined as the difference between the…

The principle of maṣlaḥah and its application in Islamic banking operations in Malaysia

Muhammad Shahrul Ifwat Ishak

This paper aims to investigate the extent to which maṣlaḥah (public interest) is taken into consideration in Islamic banking operations in Malaysia, particularly in bayʿ al-ʿīnah…

Islamic venture capital – issues in practice

Zaheer Anwer, Alam Asadov, Nazrol K.M. Kamil, Mehroj Musaev, Mohd Refede

This paper aims to explore the structure and underlying contracts of Islamic venture capital (IVC) and to evaluate its prospects. VC can be perceived as an investment vehicle…