The main purpose of this dissertation is to lessen the gap in the Islamic finance and investment literature by providing new answers to the most vital question raised in that literature: Is the adherence to the Shariah law associated with at any cost? The first chapter provides …
This study investigates the determinants of adopting accounting standards (AAOIFI, IFRS or local standards) in thirty different countries with an Islamic banking industry. This study also examines the link between corporate governance disclosure, corporate social responsibility …
This thesis examines three different aspects of monetary policy in a varying sample of developing countries, with some Islamic banks. The first essay estimates a variety of interest rate rules for the conduct of monetary policy for Indonesia, Israel, South Korea, Thailand and Tu…
Saudi Arabia and Islam have had a very close relationship since the establishment of Saudi Arabia. Thus, Saudi Arabia chose Islam to govern all its laws. Since 1952, with the discovery of oil, the country has witnessed a huge development including the establishment of the Saudi …
Sukuk are an important mode of financing in the Islamic financial system. As usury (interest) is prohibited in Islam, conventional bonds are not suitable for investors in Islamic countries. Since their launch in the 1980s, Sukuk have gained recognition and popularity as a substi…
This thesis aims to examine the intellectual property regimes in the Gulf Co-operation Council (GCC) states and assess the relationships between legislation, enforcement mechanisms and sharia law. The GCC states, currently Bahrain, Oman, Kuwait, Saudi Arabia, UAE and Qatar, all …
The doctrine of Corporate Social Responsibility (CSR) has emerged and developed rapidly as a field of study. It is a framework for the role of business in society, setting standards of behaviour to which a company must subscribe to impact society in a positive and a productive m…
Islamic finance is rapidly gaining momentum around the world. Interpretations of Shari'ah, or Islamic law, state that investments must be free from elements of riba (interest), gharar (uncertainty), maysir (speculation) and haram (unethical) business activities. Islamic equity i…
Islamic law is an integrated part of the Muslim religion that encompasses every aspect of their way of life. In the world of finance, Islamic law provides financing regulations that restrict certain types of investments and forbid interest. This dissertation looked at the relati…
The main objective of this research is to examine whether the current practices of Islamic banking and financial activities in Saudi Arabia are compatible with the principles of Shariah. This examination includes the current uses of sukuk (Islamic bonds), the models of takaful (…
By adopting the Sustainable Development Goals, the global community has tasked itself with the goal of attaining inclusive societies. Arguably, financial inclusion is central to the realization of these noble objectives. It, therefore, underscores the reason it has received cons…
As financial activities continue to intensify on a global scale, states are exploring and investing in potential industries that promise immense wealth. In response to the significant growth within the Islamic financial industry, the Malaysian government made notable investment …
Given the challenges facing Islamic banking and finance, Islamic banking is developing at a remarkable pace. In the past three decades, the number of Islamic financial institutions has grown from one in 1975 to over 300 today in more than 75 countries. However, there are relativ…
The banking industry, over several decades, has been instrumental in facilitating the economic growth of Malaysia. Islamic banking was launched in Malaysia in 1983. The 20 percent market share achieved in Islamic assets, deposits, and financing, over a period of 28 years reflect…
This dissertation consists of three essays on the impact of religion on economic choices in the context of an emerging market. The first essay provides an overview of the rapidly growing Islamic finance industry as an example of the continued economic relevance of religious pref…