International Journal of Islamic and Middle Eastern Finance and Management: Volume 16 Issue 2

Guest editorial: Islamic finance in South Asia

M. Kabir Hassan, Tonmoy Toufic Choudhury, Bahser Bhuiyan

Religion vs ethics: hedge and safe haven properties of Sukuk and green bonds for stock markets pre- and during COVID-19

Muhammad Abubakr Naeem, Mustafa Raza Rabbani, Sitara Karim, Syed Mabruk Billah

This study aims to examine the hedge and safe-haven properties of the Sukuk and green bond for the stock markets pre- and during the COVID-19 pandemic period.

Risk perception and cost of capital in emerging market projects using dynamic conditional correlation model

Farman Afzal, Ayesha Shehzad, Hafiz Muhammad Rehman, Fahim Afzal, Mohammad Mushfiqul Haque Mushfiqul Haque Mukit

Cost estimation is a major concern while planning projects on public–private partnership (PPP) terms in developing countries. To bridge the gap of the right approximation of cost…

Explanation and classification of technological entrepreneurship financing policies: lessons from Iran

Mohsen Motiei

As technological entrepreneurship has distinctive characteristics and needs particular conceptualizations, it is also important to have specific theoretical developments about its…

Are Shariah-compliant firms less prone to stock price crash risk? Evidence from Malaysia

Muhammad Haseeb, Nurul Shahnaz Mahdzan, Wan Marhaini Wan Ahmad

The term “Shariah compliance” states that a firm conducts business activities within the boundaries stipulated by Islamic law. The purpose of this study is to empirically examine…

Islamic Finance an alternative mode for short term financing – working capital management

Umar Nawaz Kayani

This paper aims to review and compare the conventional and Islamic perspectives of working capital management (WCM) to devise the best option of financing for managing working…

The effects of foreign currency exposure and Sharī’ah-compliant status on financial hedging strategy

Ruzita Abdul-Rahim, Adilah Abd Wahab, Mohammad Hudaib

Drawing upon underinvestment theory and clientele effect hypothesis, this paper aims to examine the effects of foreign currency (forex) exposure and Shari’ah-compliant status on…

Congruity or dispel? A segmented bibliometric analysis of Sukuk structures

Adeel Nasir, Umar Farooq, Kanwal Iqbal Khan, Ather Azim Khan

This study aims to explain the Sukuk structures individually by highlighting the key differences and commonalities in their influential aspects. It also compares the core aspects…

Capital structure dynamics of Shariah-compliant vs noncompliant firms: evidence from Pakistan

Saeed Akbar, Shehzad Khan, Zahoor Ul Haq, Muhammad Ibrahim Khan

This study aims to compare capital structure determinants' effect on the leverage levels of Shariah-compliant (SC) and noncompliant (NC) firms in Pakistan. This study also…

Providing an Islamic approach of monetary systems

Mohamad Mehdi Mojahedi Moakhar, Mahmoud Esavi, Amir Khademalizadeh, Fathollah Tari

The purpose of this paper is organized as follows. Section 2 reviews the literature on the subject matter, focusing on western economic literature and the Islamic economic…

IPO valuation in an emerging market – a study in Iran

Hanieh Hekmat, Ali Rahmani, Hassan Yazdifar

This study aims to highlight the accuracy, performance and selection of the IPO valuation methods in the Islamic Republic of Iran’s emerging market.