Category Archives: Research

Waqf development in Marawi city via issuance of perpetual waqf sukuk

Abstract Since 2017, the city of Marawi was left in ruins after five months of [...]

The substitution hypothesis of agency conflicts: evidence on Shariah compliant equities

Abstract According to the substitution hypothesis and recent evidence, firms that are better governed carry [...]

View from practice: stock market reaction to sukuk credit rating changes in Malaysia

Abstract Documented evidence on conventional bond markets shows negative market reaction to bond credit rating [...]

Waqfintech and sustainable socio-economic development

Abstract This paper aims to discuss the use of financial technology in waqf (Islamic endowment) [...]

Merton’s equation and the quantum oscillator II: option pricing

Abstract Merton has proposed a model for contingent claims on a firm as an option [...]

Too small to succeed versus too big to fail: how much does size matter in banking?

Abstract Even though large banks could imply large risks and heightened vulnerability for a country’s [...]

The impact of social and environmental sustainability on financial performance: a global analysis of the banking sector

Abstract While there is ample evidence that non-financial firms’ financial performance and social and environmental [...]

Does competition make banks riskier in dual banking system?

Abstract This paper investigates competition and risk-taking behaviour of Islamic banks taking a sample of [...]

Does heterogeneity in investment horizons affect portfolio diversification? Some insights using M-GARCH-DCC and wavelet correlation analysis

Abstract Recent literature draws attention to the issue of whether heterogeneity in investment horizons has [...]

A statistical model of the firm

Abstract A model of the firm is proposed that considers the firm to be a [...]