Abstract Many Muslim individual and institutional investors seek to invest only in stocks that are compliant with the Shari’ah (i.e. Islamic law). Among others, Dow Jones addressed this demand and […]

Think Piece By Prof. Dr. Obiyathulla Ismath Bacha The acceptability of financial derivative instruments like forwards, futures, options and swaps for shariah-compliant businesses remains unresolved. As of now, there appears […]

Abstract Maldives is a tourism driven economy, which contributes more than one fourth of the country’s Gross Domestic Product (GDP). While tourism sector supplies over 70% of the foreign exchange […]