ISRA International Journal of Islamic Finance: Volume 12 Issue 1 , Open Access

Editorial

Beebee Salma Sairally

Sharīʿah-compliant central banking practices: lessons from Muslim countries’ experience

Zaheer Anwer, Shabeer Khan, Muhammad Abu Bakar

The purpose of this study is to document how a central bank can perform its primary and secondary functions in a Sharīʿah-compliant manner. It also seeks to investigate the…

Intellectual capital in non-profit organisations: lessons learnt for waqf institutions

Abdelkader Laallam, Salina Kassim, Engku Rabiah Adawiah Engku Ali, Buerhan Saiti

This study aims to highlight the importance of intellectual capital (IC) for the operation of waqf (Islamic endowment) institutions, as few studies have discussed this issue in…

An analysis of residue net estate distribution to bayt al-māl in Singapore

Sadali Rasban, Adam Abdullah, Aznan Hasan

This paper aims to examine the current practice in Singapore regarding an inheritance issue: disposal of the residual net estate to the bayt al-māl, which is identified as the…

Are Islamic mutual funds exposed to lower risk compared to their conventional counterparts?: Empirical evidence from Pakistan

Farrukh Naveed, Idrees Khawaja, Lubna Maroof

This study aims to comparatively analyze the systematic, idiosyncratic and downside risk exposure of both Islamic and conventional funds in Pakistan to see which of the funds has…

An analysis of maṣlaḥah based resolutions issued by Bank Negara Malaysia

Suheyib Eldersevi, Razali Haron

This study aims to examine the resolutions issued by the Sharīʿah Advisory Council of Bank Negara Malaysia (SAC-BNM), which have recognized maṣlaḥah (public interest) as the basis…

The nexus between Islamic banking and industrial production: Empirical evidence from Malaysia

Khemaies Bougatef, Mohamed Sahbi Nakhli, Othman Mnari

The purpose of this paper is to investigate the relationship between Islamic banking and industrial production by decomposing Islamic financing (IF) into profit and loss sharing…

Methodology of integrated knowledge in Islamic economics and finance: collective ijtihād

Ildus Rafikov, Elmira Akhmetova

The purpose of this paper is to discuss the methodology of integrated knowledge in Islamic economics and finance and seek to offer collective ijtihād as one way to find solutions…

Conventional REITs, Islamic REITs and macroeconomic variables in Malaysia: a review

Mohd Edil Abd Sukor, Zahida Abu Sujak, Kamaruzaman Noordin

The purpose of this paper is to empirically examine the return and dividend characteristics of two different types of Malaysian real estate investment trust (REIT) series, namely…