Category Archives: Research

Pioneering Islamic tourism in Maldives: toward creation of first Shariah compliant resort to become global Islamic tourism hub

Abstract Maldives is a tourism driven economy, which contributes more than one fourth of the [...]

The endowment fund as a source of sustainability for higher education in Malaysia: maximising investment returns

Abstract Higher education plays an important role in the human capital development of a country. [...]

Why is no financial crisis a dress rehearsal for the next? Exploring contagious heterogeneities across major Asian stock markets

Abstract Our study attempts to discover pure contagion or interdependence amongst the Asian equity markets [...]

Business cycle and bank lending procyclicality in a dual banking system

Abstract The paper studies bank lending behaviour over the business cycle in a dual banking [...]

Empirical evidence of risk shifting in bonds and debt-based sukuk: the case of Malaysian corporations

Abstract The purpose of this paper is to examine the extent of risk shifting behavior [...]

Testing the conventional and Islamic financial market contagion: evidence from wavelet analysis

Abstract This study is a first attempt at testing the extent of contagion for conventional [...]

Islamic banking and finance: beyond comparison and investment opportunities

Abstract Islamic finance as a field of research continues to be exciting and has been [...]

Size, correlations, and diversification: new evidence from an application of wavelet approach to the emerging Islamic mutual fund industry

Abstract Despite the rapid growth of Islamic finance in recent years, there has been relatively [...]

The impact of management, family, and institution on the auditor’s going concern opinion issuance decision

Abstract Incidents where external auditors do not issue a going concern audit opinion (GC opinion) [...]

A proposal designed for calibrating the liquidity coverage ratio for Islamic banks

Abstract This paper aims to critically investigate the liquidity risk management of Islamic banks and [...]