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İnsanlar tarih borunca ihtiyaçlarını gidermek için gerekli olan parayı bulmak adına borç ilişkisi içerisine girmişlerdir. Zamanla insanların borç ihtiyaçlarını giderecek bankalar kurulmaya başlanmıştır. Ancak bankaların sermaye ihtiyaçlarını faizli kredi ile karşılamaları, Müslümanları faizsiz alternatif kurumlar ihdas etme arayışlarına yönlendirmiştir. Ülkemizde katılım bankaları olarak isimlendirilen bu kurumlar geliştirdikleri faizsiz yöntemler sayesinde faizsiz ekonomi için önemli bir sermaye kaynağı modeli oluşturmuştur. Teknolojik imkânların gelişimi ile birlikte insanların tüketim kültüründe yaşanan hızlı değişim, paraya olan ihtiyaç kalemlerinde de çeşitlenmelere neden olmuştur. Bankalara yatırım amaçlı sermaye talebiyle müracaat edenlerin yanı sıra ihtiyaç kredisi talebiyle müracaatlarda da ciddi artışlar söz konusu olmuştur. Katılım bankaları da eğitim, sağlık, seyahat, turizm, hac ve umre gibi alanlarda finans desteği arayanlara alternatif bir kaynak sunmak için yöntemler geliştirmeye çalışmıştır. Bu bağlamda, araştırmanın amacını, katılım bankalarının eğitimden sağlığa, hac ve umreden turizme kadar pek çok kalemde sundukları hizmet sektörüne yönelik ihtiyaç finansmanın fıkhî niteliğini belirlemek oluşturmaktadır. Çalışmada katılım bankalarının hizmet sektörüne yönelik sundukları bu finans desteğinin nasıl uygulandığı, murâbaha mı yoksa zimmette kiralama kapsamında mı değerlendirileceği, yöntemin işleyişinde ortaya çıkan fıkhî problemlerin neler olduğu üzerinde durulmuştur. Çalışma sonucunda katılım bankalarının sundukları ihtiyaç finansının zimmette kiralama modeli kapsamında değerlendirilmesinin daha isabetli olacağı kanaatine ulaşılmıştır. Ancak ihtiyaç finansının zimmette kira modeli aracılığıyla sağlanabilmesi için bankaların uygulama esnasında ilgili hizmeti bizzat hizmet sunucu firmadan kiralayarak alt kiralama modeli ile müşterisine kiralaması, müşterinin banka ile yapacağı sözleşme öncesinde doğrudan hizmet sağlayıcı firmadan hizmeti almamış olması, bankanın hizmete yönelik ücreti müşteriye değil ilgili firmaya vermesi ve verilecek hizmetin süresi, vasıfları, özellikleri, ödenecek ücret ve ödeme planının açıkça belirlenmiş olması gerekir. Bu şartlar yerine geldiğinde, katılım bankalarının insanların hizmet sektörüne yönelik ihtiyaçlarını gidermek adına finans desteği sunmasının mümkün olacağı sonucuna varılmıştır.

This study aims to analyze the application of the murabaha contract in the BTN Syariah Margonda Home Ownership Credit (KPR) product from the perspective of Islamic law. In the face of increasing demand for usury-free housing, BTN Syariah offers a solution through the murabaha contract, which guarantees home financing without involving the element of interest. Through cooperation with PT ABC Group, BTN Syariah Margonda provides a more transparent and fair financing alternative for the community. This research method uses a normative-empirical approach with interviews, observations, and documentation studies. The results show that the application of the Murabaha contract at BTN Syariah Margonda is in accordance with Sharia principles, where the profit margin is determined from the start, and the installments are fixed throughout the payment period. However, the main challenge is the need for a more public understanding of the differences between sharia and conventional mortgages. Nevertheless, the murabaha contract provides a positive impact in the form of financial certainty for customers and supports stable financial planning without being trapped in usury practices. This research also identifies the need to increase public education on the advantages of Sharia-based financing and the importance of the role of property developers who fully implement Sharia principles.

This research aims to analyze whether mudharabah and murabaha financing have an impact on maximizing real sector growth in Indonesia, Malaysia and Brunei Darussalam. The method used in this research is quantitative with a descriptive-associative approach. The data used in this research comes from secondary data and time series data obtained from the Financial Services Authority (FSA) Islamic banking statistics report, Indonesian economic and financial statistics report, Kuwait Finance House annual report, Malaysian economy in Figures 2022 report, report annual Islamic bank Brunei Darussalam, and the International Monetary Fund (IMF) report. This research uses panel data regression analysis. The research results show that partial mudharabah and murabaha financing does not impact real sector growth. Simultaneously, mudharabah and murabaha financing significantly impact real sector growth. This research provides a new contribution to scientific development, stating that mudharabah and murabaha financing do not impact real sector growth. Practically, this research proves that there must be improvements related to mudharabah and murabaha financing so that they can have an impact on real sector growth.

Murabaha financing is one of Sharia banks financing that uses a sale and purchase agreement with a counter-performance in the form of a margin determined in accordance with an agreement between the bank and the customer. The difference between Murabaha contract and credit at a conventional bank is that, in a Murabaha contract, Sharia banks purchase the object (house or land) that the customer wants in advance. Then, the banks sell the house to the customer by informing the amount of the price that has been added with a margin. In practice, not all Sharia banks provide Murabaha financing using this procedure. Therefore, this study aimed to, first, explain the practice of Murabaha financing whose ownership object is not on behalf of Sharia banks in terms of legal protection for customers, and second, find the practice of Murabaha financing whose ownership object is not on behalf of Sharia banks in terms of fulfilling Sharia compliance. The method used is a normative juridical approach with descriptive-analytical research specifications. The data used secondary data, which was collected through library research, and then analyzed by qualitative analysis through legal interpretation methods. The results showed that, first, in terms of legal protection for customers, the practice of this Murabaha financing was not in accordance with internal and external legal protection, and second, in terms of fulfilling Sharia compliance, the practice of this Murabaha financing contained elements of gharar (unclear object) and dzalim (causing injustice). [ABSTRACT FROM AUTHOR]

This research uses the SWOT approach to review Murabaha financing at Baitul Maal Wat Tamwil (BMT). This research is field research, with primary and secondary data sources, such as questionnaires, interviews, and literature. The research sample consisted of 20 people and three informants. Data analysis uses a mixed method approach, quantitatively and qualitatively, with the IFAS, EFAS and SWOT matrices. The research results found that several internal and external factors need to be evaluated, such as public trust, quality leadership, networks and partnerships, excellent and friendly service, practical procedures, and strategic location, which are assets that organizations can utilize to socialize Murabaha financing in the community. Meanwhile, external opportunities such as support from government agencies, a majority Muslim community, and local marketing strategies offer further growth and development potential. However, there are areas for improvement in education and awareness, product and service innovation, limited resources, and local marketing strategies that need to be overcome. Furthermore, threats from many competitors, the same target market, and a low public understanding of Islamic financing exist. This research can be helpful as a reference for future research and then become a reference for BMT in aligning organizational strategy with internal strengths and external opportunities, as well as overcoming existing weaknesses and threats.

This research analyses the comparison of murabaha and musyarakah mutanaqisah financing management strategies. This research is field research with data sources coming from primary and secondary data through observation, interviews, questionnaires, documentation and focus group discussions (FGD). Data analysis uses a mixed method approach, quantitatively and qualitatively using IFAS, EFAS matrices, SWOT diagrams and SWOT matrices. This research found advantages and disadvantages to murabaha and musyarakah mutanaqisah financing. Murabaha financing is quite familiar compared to musyarakah mutanaqisah financing and is currently in an aggressive strategic position with a strengths-opportunity score of 3.0. This position is very profitable for bank nagari syariah Bukittinggi. For musyarakah mutanaqisah financing, it is currently also in a favourable position. However, under Murabaha financing with a total strengths-opportunity score of 1.15, this position is still profitable for bank nagari syariah Bukittinggi. However, the weakness of musyarakah mutanaqisah means that financing distribution could be more optimal. Mutanaqisah musyarakah financing has incredible strengths and opportunities if it maximises its strategy. This research can complement existing theory and become a reference for bank nagari syariah Bukittinggi in improving its financing management strategy to support financing growth and meet community needs.

The asset side of Islamic banks has two different portfolios running side by side, namely risk-sharing (PLS) and non-risk sharing (non-PLS) financing. The segregation of PLS and non-PLS financing has gathered some attention recently owning to its relative importance for sustainable economic output. This study attempts to analyze the impact of decomposed Islamic financing modes (PLS and non-PLS) with a particular focus on their impact on real economic activity. In addition, we moderated the relationship with asset quality of aggregate Islamic banking sector. Quarterly data from 2014 to 2021 have been sourced from datasets of the Islamic financial service board (IFSB), the International Monetary Fund (IMF), World Bank, and Central banks' data streams. Eleven countries have been selected based on the highest local and global share in global Islamic financial assets. Panel data regression model has been used in this study. The findings indicate that PLS financing is a weaker driver to channelize funds. However, industrial production output is significantly affected by non-PLS financing. Further the results suggest, Islamic finance–output nexus found to have a stronger relationship in the presence of higher asset quality of Islamic banks. The results show that firms mostly rely on non-PLS financing, due to reduced asymmetry and higher transparency in non-PLS contracts compared to PLS modes. The results have implications for governing bodies of Islamic financial system in boosting risk-sharing contracts and firms to limit agency conflicts arising from fluctuating cost of financing. [ABSTRACT FROM AUTHOR]

Copyright of Turkish Studies - Economics, Finance, Politics is the property of Electronic Turkish Studies and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Most people still have little understanding and information about how Islamic banking system works. Misconceptions drive people to think that there is no real difference between Islamic banking and the traditional financial system. The root of the issue, in author's humble opinion, simply lies with the fact that people don't differentiate between such concepts as "riba" and "ribh" in terms of how they are formed. This article explains the essence and nature of the formation of these two concepts, while also presenting some insights that might serve as justifications for forbidding the practice of "riba" and gives a list of Shariah requirements for the most common Islamic finance product - Murabaha. [ABSTRACT FROM AUTHOR]

Purpose – This study aims to compare the depth of outreach, financial performance, and trade-off between the depth of outreach and financial performance (mission drift) between equity financing and debt-based financing in Indonesian Islamic Rural Banks. Methodology – We compare the depth of outreach and financial performance using descriptive statistics and explore mission drift comparisons using OLS time series. Findings – The depth of the outreach comparison shows that debt-based financing performs better. However, equity financing outperforms financial performance. The regression results show mission drift in Musharaka and Multiservice financing, indicating that both sides have mission drift. However, there is no mission drift in Murabaha financing, which constitutes the majority of financing in Indonesian Islamic Rural Banks. Murabaha financing synchronously demonstrates excellent depth of outreach and financial performance. Implications – Islamic Rural Banks in Indonesia need product innovation in equity financing to obtain a better depth of outreach and avoid mission drift. The simplicity of the practice in Murabaha can be a reference for product innovation in Islamic Rural Banks, while the government can support Indonesian Islamic Rural Banks' product innovation by providing appropriate regulations. Originality – This study seeks to fill the comparison gap between mission drifts in Indonesian Islamic rural bank financing. There is a limitation in studies of Islamic rural bank financing mission drifts in Indonesia since the comparison of mission drift deals only with Islamic microfinance at a global level.

Copyright of Selcuk Law Review / Selçuk Üniversitesi Hukuk Fakültesi Dergisi is the property of Selcuk Law Review and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of AL-MUZARA'AH - Journal of Islamic Economics & Finance is the property of IPB University and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

The objective of this study is to assess and elucidate the potential impact of changes in the price of the Murabaha product on customer satisfaction levels at Alyageen Bank, as perceived by customers. Specifically, the study aims to determine the extent to which altering the price of the Murabaha product influences customer satisfaction at Alyageen Bank. The primary data for this study was collected through an electronic questionnaire, with 361 questionnaires completed by clients of Alyageen Bank. The researcher utilized statistical analysis software, specifically the "SPSS" program, to extract the study results by applying appropriate statistical measures to the data and objectives. The study yielded several important findings, notably the statistically significant effect of changing the price of the Murabaha product on customer satisfaction levels at Alyageen Bank. Based on these results, a set of recommendations was proposed, including a focus on alternative forms of Islamic finance such as participation, speculation, Salam, Istisna'a, Ijarah Muntahia Bittamleek, and Islamic sukuk. It is also recommended to consider the unique circumstances, needs, and requirements of customers and establish an appropriate pricing strategy for the Murabaha product, given its significant impact on customer satisfaction. Additionally, the study suggests supporting practices that reduce the impact of negative factors on customer satisfaction while enhancing positive aspects, particularly those related to quality systems and their management. [ABSTRACT FROM AUTHOR]

In the 20th century, after the most Muslim countries got their independence there was a trend towards the revival of religious values. It was often said that Islam is a universal religion covering various aspects of life, initiatives were put forward to apply Islamic teachings in the socio-economic sphere of society. One of the main issues discussed in society was the activity of conventional banks. The rejection of interest-based loans among Muslims that is offered in conventional banks necessitated the idea of creating an alternative financial system in accordance with the principles of Shariah. This article sheds light on the historical preconditions for the emergence of the first theories of the Islamic financial system and analyzes the semantic content of the theories. In particular, a comparative analysis was conducted to compare theories about sharing and debt creating contracts and the objectives of the prohibition of usury was studied. The efficiency of sharing and debt creating Islamic products in performing the financial intermediary function was discussed. One of the main research questions asked was: What are the factors that caused different rulings on interest-based loan and differed sale? It was concluded that Islamic finance does not reject the economic value of time and that the reason of the prohibition of usury is because it is unjustified increment taken from borrower's property. [ABSTRACT FROM AUTHOR]

Economy is a key element that dictates how people interact with one another - one of many kinds of relationships societies and those in them exercise in order to meet their basic needs. In economic relations, money drives mutual exchange and shopping transactions, and as an instrument of mutual debt. In this study, we will try to examine "murabaha," a kind of economic borrowing system widely used in Trabzon (Turkey) between 1680 and 1700. Using examples, we will explain how wealthy people and institutions alike managed, spent, as well as lent their capital to those in need, in exchange for a certain percentage of profit. We'll also look at key historical figures who drove the murabaha system, alongside how the system ultimately affected regional (armed) conflict. Source-wise, we've drawn from local court records from the period. [ABSTRACT FROM AUTHOR]

This study explores the role of agent in the Islamic modes of financing in order to identify ambiguities/issues related with the role of agent in Murabaha, Salam, Istisna and Tijara. The research further discovers the view of the Shari’ah experts with respect to such ambiguities so that they can either be verified as Shari’ah issues or non- Shari’ah issues. The role of agent was examined using content analysis of the model documents used by Islamic banks followed by soliciting the views of the Shari’ah specialists through interviews. No Shari’ah issue was found in hiring the customer as agent by the bank in any Islamic modes or binding the agent to act as an “undisclosed agent”. Conversely, the supplier’s risk, was declared to be the obligation of the bank and transferring this risk to the agent was observed as a real issue from Shari’ah point of view in the practice of Murabaha. Similarly, the principal is not allowed to charge any penalty to the agent if he is working without negligence and in good faith. Shifting charges like transportation, storage, etc., to the agent is not correct. However, no Shari’ah issue was found in binding the agent to provide collateral/security, etc., to the bank. Nevertheless, no consensus was observed on binding the agent to provide corporate guarantee. This research appears to be a preliminary but important attempt of its nature examining the critical role of agent in Islamic modes of financing adding value to the body of knowledge in Islamic banking.

The objective of this research is to study the impact of applying the AAOIFIs in Islamic banks, while referring to the impact of applying the AAOIFIs in Arab countries, the focus being on the Iraqi Islamic banks. The major responsibility of the AAOIFIs is to guarantee that accounting methods comply with Sharia – Islamic law, which is only used by a few financial institutions in Islamic countries especially Islamic banks. The AAOIFIs are an enchanting prospect coming from the holy scripts. The researchers obtained the data for the study through a questionnaire prepared for this purpose, distributed to 68 workers in the field of Islamic banks. The researchers received 52 responses from several Islamic banks. The study concluded with the set of results that Islamic banks are seeking for the profitability without increasing the security for their deposits or attracting more investors, and the customers of Islamic banks are seeking for “legal benefits” by their investment. The study led to the conclusion that the adoption of the AAOIFIs in Islamic banks will not help attracting foreign investments. The study suggested there is an urgent and actual need to adopt and implement the IFRSs instead of the AAOIFIs within the sample of the study and include other institutions with a similar environment like Islamic banks.

The concept of problem solving on financing in the Fatwa of DSN-MUI No. 49/DSN-MUI/II/2005 regarding the conversion of the murabaha contract, it is different from the developed concept by the Fukaha. In the fatwa, the settlement of problematic murabaha financing can be done by rescheduling, reconditioning and restructuring. Meanwhile, fukaha saw the settlement of problematic financing can be done with two contracts, namely sulh and taflis. This research is library research, a form of research whose data sources are obtained from the library. The approach to this research uses a normative juridical method. The primary data source in this study is the DSN fatwa No. 49/DSN-MUI/II/2005 concerning the conversion of murabaha contracts. The results show that based on the perspective of Islamic law, the settlement of problematic financing based on the fatwa of the National Sharia Council No. 49/SSN-MUI/II/2005 on the conversion of murabaha contracts and some Fiqh opinions are not contradictory. Dispute resolution in the DSN-MUI fatwa in principle combines the techniques contained in akd sulh and taflis.

Copyright of Bait Al-Mashura Journal is the property of Bait Al-Mashura Journal and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This research aims to examine the effects of murabaha, mudharaba and musyaraka financing on the profitability in BNI Syaria Bank for the period 2010-2018. The research method used is descriptive kuantitatif methods. The data collection techniques carried out are the documentation study method and literature study. This research used secondary data obtained from financial statements that have been publication on BNI Syaria Bank website. The analysis technique that used in this research is multiple linear regression with a significance level of 5% and help of SPSS version 20. The results in this research indicates that (1)Murabaha, mudharaba, and musyaraka simultaneously influence the probability, (2)Murabaha has negative significant effect on Profitability, (3)Mudharaba has positive significant effect on Profitability, and (4)Musyaraka has not significant effect on Profitability of BNI Syaria Bank.

This study explores the role of agent in the Islamic modes of financing in order to identify ambiguities/issues related with the role of agent in Murabaha, Salam, Istisna and Tijara. The research further discovers the view of the Shari’ah experts with respect to such ambiguities so that they can either be verified as Shari’ah issues or non- Shari’ah issues. The role of agent was examined using content analysis of the model documents used by Islamic banks followed by soliciting the views of the Shari’ah specialists through interviews. No Shari’ah issue was found in hiring the customer as agent by the bank in any Islamic modes or binding the agent to act as an “undisclosed agent”. Conversely, the supplier’s risk, was declared to be the obligation of the bank and transferring this risk to the agent was observed as a real issue from Shari’ah point of view in the practice of Murabaha. Similarly, the principal is not allowed to charge any penalty to the agent if he is working without negligence and in good faith. Shifting charges like transportation, storage, etc., to the agent is not correct. However, no Shari’ah issue was found in binding the agent to provide collateral/security, etc., to the bank. Nevertheless, no consensus was observed on binding the agent to provide corporate guarantee. This research appears to be a preliminary but important attempt of its nature examining the critical role of agent in Islamic modes of financing adding value to the body of knowledge in Islamic banking. [ABSTRACT FROM AUTHOR]

Copyright of Journal of Financial Researches & Studies / Finansal Araştirmalar ve Çalişmalar Dergisi is the property of Marmara University, School of Banking & Insurance and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of Accounting & Financial Studies Journal is the property of Republic of Iraq Ministry of Higher Education & Scientific Research (MOHESR) and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

This research aims to identify the impact of financing contracts on the risks confronted by Islamic banks measured by Non-Performing Financing (NPF). The data indicate that the value of NPF tends to annually increase along with a value close to the maximum limit set by Bank Indonesia (BI). The data of this study utilized secondary data in the form of monthly time series data in the period of January 2014 to December 2017 and cross-section data from the two types of Islamic Banking (Bank Usaha Syariah and Unit Usaha Syariah). The result indicates that the financing scheme which is based on the empirical scheme of profit-sharing schemes is proven to increase financing risk.

In August 2018 the Religious Court accepted the Sharia Rural Bank Al-Mabrur, located in the city of Klaten, application as plaintiff under number 1135 / Pdt.G / 2018 / PA / Klt. They sued Tri Suyatmi and Panut Basuki, for their violation of disobeying the Murabaha contract number: 2414 / APJBM / AL MABRUR / VI / 2017. Based on the case above, a review of decision number 1135 / Pdt.g / 2018 / PA.Klt will be examined. In this article, we will review first of all, what is the basis for the consideration of the Klaten Religious Court judges in completing case number 1135 / Pdt.g / 2018 / PA.Klt. Secondly, Is the Religious Court judge's decision regarding the Murabaha contract in the Sharia Rural Bank Al-Mabrur in accordance with the DSN-MUI Fatwa? This research is a type of qualitative research, which uses an evaluative method that is by measuring certain benefits and activities, as well as collecting and analyzing data systematically to determine the value or benefits of the contents of decision file number 1135 / Pdt.g / 2018 / PA.Klt. The data were obtained from observations, interviews with Judges and Clerks of the Klaten Religious Court, and documents in the Religious Courts. Based on the results of the study it can be concluded that: 1) Judge's decision on case number 1135 / Pdt.g / 2018 / PA.Klt is to declare legal Murabaha contract number 2414 / APJBM / AL MABRUR / VI / 2017, 2) Defendant is proven to have defaulted and must pay material compensation of Rp. 36,269,864 and pay the costs of the case, 3) The legal basis used by the Panel of Judges in setting decisions is in accordance with Islamic Economic Law, namely using the Fatwa of the Sharia Council of the Indonesian Ulema Council (DSN-MUI) concerning the Murabaha contract

Liquidity risk management in finance has always been well known as a necessity for conventional finance and Islamic finance. Conventional financing addresses this risk through known means. Unlike Islamic financing, this has few instruments suitable for Shari’a to manage this risk. If this risk accelerates, the Islamic bank faces significant challenges in the face of their depositors and investment projects. The objective of this study is to show that holding an optimal level of liquidity is necessary for Islamic banks to minimize the liquidity risk. In this paper, we also examine the relationship between profitability and liquidity. This importance is explained by the fact that these banks cannot always count on the support of the central bank, or on the Islamic money market. We refer in particular to the work of Ben Jedidia et al. (2013). Unlike Ben Jedidia et al. paper, our model of financial intermediation and liquidity risk management uses two factors: Murabaha and Ijara. Two analysis were used, the first one is static and the second one is dynamic, to determine the optimal amount to be held by an Islamic bank using the optimization method. The study reveals that the factors in the first analysis are: the anticipated penalty costs, the rate of return on financing, the sharing rate between the bank and the depositors. This study also reveals in a second dynamic analysis that the factors are: the expected marginal cost of penalty, the ratio of the change in deposits to the change in funding. [ABSTRACT FROM AUTHOR]

This paper examines and assesses the extent to which pricing of Islamic banking and finance (IBF) worldwide is correlated to conventional finance. The data used were obtained from the Islamic Finance Country Index (IFCI) and the Cbonds platform. The IFCI is a methodology developed by Edbiz Consulting to measure the growth of IBF. The IFCI has been gathering data for nine years, sufficient time to yield meaningful results. Cbonds is a financial-data vendor highly specialised in the analysis of bond markets. This study provides both a qualitative analysis in the form of a tile map chart and a statistical test aimed at generalising the correlation between IBF expansion and interest rates to all countries where IBF banks might locate. This correlation is estimated by dividing the analysed countries into tertiles according to their interest rate and comparing the mean IFCI scores. The difference between the lowest tertile and the others is statistically significant. This appears to be the first empirical study to incorporate the whole geographical scope of the IFCI and analyse the interest rates of all countries to which IBF expansion metrics apply. Emerging markets represent an important growth opportunity for Islamic banks. In fact, the presence of Zakat as a mandatory tax to reduce poverty and the idea of a system based on distribution of wealth are important factors for developing economies. This study is consistent with previous findings: the IBF pricing system is correlated to the conventional banking system, and there is a positive correlation between the IFCI and countries with high yields. The main limitation of this study is the difficulty in obtaining the 10-yearyield to maturity (YTM) of countries for which no data was available. [ABSTRACT FROM AUTHOR]

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Copyright of Boğaziçi Journal: Review of Social, Economic & Administrative Studies is the property of Bogazici University, Faculty of Economics & Administrative Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

Copyright of International Journal of Economic & Social Research is the property of Abant Izzet Baysal University, Faculty of Economics & Administrative Sciences and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This abstract may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full abstract. (Copyright applies to all Abstracts.)

An increasing demand for a sharia-compliant housing has resulted in a new initiative where the mortgage can presently be directly handled by the developer without involving the bank. This is called non-bank Islamic mortgage. This paper is aimed at portraying the consumer’s profile of non-bank Islamic mortgage and the issues of this practice. We disseminated questionnaires to the respondents in several cities in West Java who bought the house-using non-bank Islamic mortgage scheme. Subsequently, we synthesized the answers regarding their profiles and issues of the scheme for the betterment in the future. One of the issues of this scheme is the higher fraud because there is no rigorous credit scoring as conducted by the bank. The research of non-bank Islamic mortgage is still scant so this paper is expected to shed the light by contributing to the literature of Islamic home financing.DOI: 10.15408/aiq.v10i2.7274

We did not state the name of our study as History of Islam Finance or History of Islamic Finance. The reason is, context of 'finance' concept in modern sense had a different basis and context of similar concepts of historical periods and of especially history of Muslims. Finance and near operations those are distinguished with meanings of obtaining of required funds and, in last century, mostly usage of these funds had shaped in a strong tendency of disintegration from first unity of human live and then economical one beginning with western centers. Adventure of Muslims with different political agents in societies and in different geographies, is not represent Islam as a religion but appearance of those in historical periods. In this manner, preference of usages comprises meaning of Muslims' history, economics or fiscal/monetary experiences seems to be pointed instead of phrases like history of Islam, Islamic economics or finance. Hence it must be born in mind that phrases like Christian economics or Jewish finance have no meaning and do not have much place in literature. Despite the fact that decisions and practices of Muslim societies in these fields are based on holy sources, still they states human experience with its rights and wrongs. Thus, for human experiences state of 'Islamic' have a relative and arguable qualification. Especially in modern times this qualify show itself mostly problematic emphasis. In this text, finance/financing/financial statements tried to use for individual, firm, government and mostly in meaning of obtainment of capital and/or fund. [ABSTRACT FROM AUTHOR]

Poverty and inequality are global phenomena that have increased in recent times. The condition of poverty is alarming at global level as it was reported that some 57million children were out of school. Hence Ahmad and Hassan (2015) posit that half of this number was in Sub-Saharan Africa (SSA). With Nigeria as the largest nation in Africa thus it has the highest figure of these out of school children. Poverty indicates lack of income and necessary ways to achieve a standard of living. Islamic finance plays critical role in reducing the level of poverty and inequality through the profit and loss sharing among investors. Therefore, this study explores alternative way to reduce poverty and inequality from Islamic perspective in Nigeria. This would contribute to the economic development of the country. The method adopted is to review previous literature on the impacts of various Islamic financial instruments in addressing the menace of poverty and economic inequality. The study concludes that profit and loss products of Musharakah and Mudarabah, and cost based products which include Murabaha, Ijarah, Sukuk contribute to poverty reduction and promote economic activities. It thus recommends the adoption of these products in Nigeria to address the prevailing infrastructural deficit and promote economic development. [ABSTRACT FROM AUTHOR]