International Journal of Islamic and Middle Eastern Finance and Management: Volume 17 Issue 3

Impact of capital inflows on bank profitability: a comparative analysis of dual banking systems

Osamah AlKhazali, Iness Aguir, Mohamad Helmi, Ali Mirzaei

Using data on 739 banks from 22 countries with a dual banking system from 2012 to 2019, this paper aims to examine whether capital inflows affect banks’ profitability in recipient…

Exploring the greenium in the green Sukuk universe: evidence from the primary market

Burak Pirgaip, Ozgur Arslan-Ayaydin

This study aims to fill a gap in the literature by providing evidence for a “greenium” in the primary Sukuk market. The term “greenium” is defined in the study as the lower cost…

Islamic finance principles and performance of micro, small and medium enterprises (MSMEs) in Makindye Division Kampala District Central Uganda

Hakimu Buyondo

Micro, small and medium-sized enterprises (MSMEs) are vital for economic growth in developing countries. Yet, little research has explored the link between Islamic principles and…

Integrating environmental, social and governance (ESG) principles with Maqasid al-Shariah: a blueprint for sustainable takaful operations

Fahru Azwa Mohd Zain, Siti Fariha Muhamad, Hamdy Abdullah, Sheikh Ahmad Faiz Sheikh Ahmad Tajuddin, Wan Amalina Wan Abdullah

This conceptual paper aims to delineate a comprehensive blueprint for the integration of environmental, social and governance (ESG) principles within the framework of Takaful…

Predicting financial distress in non-financial sector of Pakistan using PCA and logit

Ehsanul Hassan, Muhammad Awais-E-Yazdan, Ramona Birau, Peter Wanke, Yong Aaron Tan

This study aims to develop a robust predictive model for anticipating financial distress within Pakistani companies, providing a crucial tool for proactive economic turbulence…

Interplay of financial market performance, macroeconomic indicators and business sentiment: a comprehensive study of the Turkish economy

Bilgehan Tekin, Nemer Badwan

The purpose of this study is to examine the long- and short-term relationships between the BIST100, RSC index, the EURO/TRY exchange rate, bank loans provided to the private…

Do you want my loyalty? Then understand what drives my trust – a conventional and Islamic banking perspective

Mornay Roberts-Lombard, Daniël Johannes Petzer

The purpose of this research is to develop an enhanced understanding of the drivers of trust and loyalty in a conventional and Islamic banking setting.

Governance of Islamic social finance: learnings from existing literature

Rodame Monitorir Napitupulu, Raditya Sukmana, Aam Slamet Rusydiana

This study aims to conduct a comprehensive analysis of the existing literature pertaining to the governance of Islamic social finances (ISF). The primary aim is to identify and…

Shari’ah governance and transparency: evidence from stock price synchronicity of Islamic banks

Majdi Anwar Quttainah, Yosra BenSaid

The purpose of this study is to investigate internal governance mechanisms factors, focusing on Shari’ah-based governance mechanisms that affect the price synchronicity of Islamic…

Designing waqf-based financing model for livestock project: empirical evidence from Indonesia

Raditya Sukmana, Ririn Tri Ratnasari, Rifaldi Majid, Muhammad Hakimi Mohd Shafiai

This study aims to propose a productive waqf-based financing model for the livestock sector by optimizing idle waqf land owned by Islamic boarding schools (pesantren) for…