Tag Archives: Islamic capital markets

Determinants of capital structure: evidence from Shari’ah compliant and non-compliant firms

Abstract Many Muslim individual and institutional investors seek to invest only in stocks that are [...]

Capital structure and Shari’ah compliance firms: Malaysian evidence

Abstract In the literature of corporate finance, there exists alongside others, an age long inquiry [...]

Shariah Stock Screening and the Optimal Capital Structure – need for a rethink?

Think Piece By Prof. Dr. Obiyathulla Ismath Bacha The capital structure decision is a highly [...]

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 [...]

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 [...]

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 [...]

Issues in Islamic banking and finance: Islamic banks, Shari’ah-compliant investment and sukuk

Highlights • An introductory article to the special issue: Islamic Banking and Finance II • [...]

The impact of crude oil price on Islamic stock indices of South East Asian Countries: evidence from MGARCH-DCC and wavelet approaches

Abstract This paper is the first attempt at testing the “time-varying” and “time-scale dependent” volatilities [...]

Sukuk Shehama

Sukuk Shehama is a financial instrument that has only recently emerged. It is a form of [...]