Managerial Finance: Volume 44 Issue 6

Editorial note on the role of Islamic finance in mainstream finance

Muhammad Bhatti, Nafis Alam

Corporate social responsibility and financial performance in Saudi Arabia: Evidence from Zakat contribution

Husam-Aldin Nizar Al-Malkawi, Saima Javaid

The purpose of this paper is to investigate the impact of corporate social responsibility (CSR) on corporate financial performance (CFP) using Zakat as a measure for CSR.

Assessing Sukuk defaults using value-at-risk techniques

Nafis Alam, Muhammad Bhatti, James T.F. Wong

The purpose of this paper is to investigate the default characteristics of Sukuk issues by corporate firms in Malaysia using value-at-risk (VaR) techniques over a period of 16…

Risk and inefficiency: Behavioral explanation through overconfidence in Islamic and conventional banks

Ines Ben Salah Mahdi, Mouna Boujelbène Abbes

The purpose of this paper is to conduct a behavioral analysis, through overconfidence, in order to understand how this cognitive bias could affect risk taking and inefficiency in…

The determinants of intermediation margins in Islamic and conventional banks

Khemaies Bougatef, Fakhri Korbi

The distinctive feature of Islamic financial intermediation is its foundation on profit-and-loss sharing which reinforces solidarity and fraternity between partners. Thus, the…

The Islamic gold dinar: a hedge against exchange rate volatility

Calvin W.H. Cheong

The purpose of this paper is to investigate the ability of the Islamic gold dinar to hedge against two well-established foreign exchange (FX) risk factors namely, the dollar risk…

Nexus between risk sharing vs non-risk sharing financing and economic growth of Bangladesh: ARDL bound testing and continuous wavelet transform (CWT) approach

Mohammad Ashraful Ferdous Chowdhury, Chowdhury Shahed Akbar, Mohammad Shoyeb

The purpose of this paper is to examine the linkage between Islamic financing principles and economic growth (EG) by taking into consideration two Islamic Financing Principles…

Financial distress prediction of Islamic banks using tree-based stochastic techniques

Khaled Halteh, Kuldeep Kumar, Adrian Gepp

Financial distress is a socially and economically important problem that affects companies the world over. Having the power to better understand – and hence aid businesses from…

When and why firms issue sukuk?

Hasib Ahmed, M. Kabir Hassan, Blake Rayfield

The purpose of this paper is to analyze whether investors perceive the issuance of sukuk differently than they do in case of conventional bonds, by using event study with superior…

Maturity transformation risk factors in Islamic banking: Implication of Basel III liquidity regulations

Haroon Mahmood, Christopher Gan, Cuong Nguyen

Maturity transformation risk is one of the leading causes of the global financial crisis. While endorsing the new Basel III liquidity reforms, the Islamic Financial Services Board…

Examining the behavioral intention to participate in a Cash Waqf-Financial Cooperative-Musharakah Mutanaqisah home financing model

Mohd Zaidi Md Zabri, Mustafa Omar Mohammed

The purpose of this paper is to investigate the Malaysian homeowners’ intention to participate in the Cash Waqf-Financial Cooperative-Musharakah Mutanaqisah (CWFCMM) home…

Unveiling the diversification benefits of Islamic equities and commodities: Evidence from multivariate-GARCH and continuous wavelet analysis

Muhammad Rizky Prima Sakti, Mansur Masih, Buerhan Saiti, Mohammad Ali Tareq

The purpose of this paper is to examine the extent to which the Indonesian Shariah compliant investors can benefit from the portfolio diversification with the Islamic indices of…