Waqf-share scheme is one of the Islamic social finance tools which emerged in the 21st century and which has been practiced successfully in Muslim and Muslim minority countries It […]

As a financial charitable institution, Waqf has been the most significant contributor to social services in the Muslim world. Although the concept of waqf or endowment predates Islam, the comprehensive […]

Abstract This study constructs active Islamic portfolios using a multi-style rotation strategy, derived from the three prominent styles, namely, momentum, value, and quality investing. We use the stocks that are […]

Abstract This paper explores the Islamic banking business in Malaysia since its beginning in 1983. The Islamic banking sector has achieved its target of 20% market share in assets and […]

Abstract Maldives is a one hundred percent Muslim nation where the zakat administrative function is entrusted to a government ministry, the Ministry of Islamic Affairs (MIA), which manages zakat al […]

We live in a world where the majority of us are so used to only one way when it comes to economics and finance, which is the conventional or riba-based […]

Abstract We made the first estimate of the proportion of fund alpha statistically attributable to luck rather than skill for a sample of Malaysian Islamic equity funds. Broadly, the funds […]

The drive for Shariah compliance in the Islamic banking business may have brought it towards the intended objective which is to free its operation from riba and other prohibitions. But […]