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  1. ENFORCEABILITY OF ISLAMIC FINANCE CONTRACTS: A MALAYSIAN EXPERIENCE (ISRA-TR REPORT 2016)

    Published on 2016 by Jal Othman, Ainin Wan Salleh

    Islamic finance is fast becoming part of the mainstream, with Malaysia at the forefront of this development. This growth can be attributed to the dynamic landscape of the Malaysian legal and financial system which has fostered the proliferation of a wide…


  2. THE ADJUDICATION OF ISLAMIC FINANCE CASES: THE UK EXPERIENCE (ISRA-TR REPORT 2016)

    Published on 2016 by Fara Mohammad

    The legal system of a country generally consists of the judicial system, the executive, and the legislature. Add to these the legal professions; all are important considerations when it comes to Islamic financial transactions. These components underlie the application and…


  3. THE WAY FORWARD FOR INNOVATION IN ISLAMIC FINANCIAL PRODUCTS AND INSTRUMENTS (ISRA-TR REPORT 2016)

    Published on 2016 by DAUD VICARY ABDULLAH

    To put it very simply, the way forward is about a back to basics approach. Islamic finance is about Risk Sharing in the context of the Real Economy. The global financial crisis and much post-crisis research have clearly demonstrated that…


  4. CHALLENGES IN INNOVATION FOR ISLAMIC FINANCE PRODUCT DEVELOPMENT (ISRA-TR REPORT 2016)

    Published on 2016 by Mohamed Rafe Mohamed Haneef

    Over the last three decades, the Islamic finance industry has produced significant product innovation across various business segments. The market has followed the progress of Islamic financial products from simple murabahah-based home financing to more complex home financing based on musharakah…


  5. THE IIFM ISLAMIC HEDGING MASTER AGREEMENT: A SHARIAH PERSPECTIVE (ISRA-TR REPORT 2016)

    Published on 2016 by Ijlal Alvi

    The ISDA/IIFM Tahawwut Master Agreement was designed to facilitate the risk management function of Islamic financial institutions. It is seen as the backbone for Islamic hedging products and documentation and has contributed to an increased understanding of Islamic hedging product structuring…


  6. LATEST TRENDS IN ISLAMIC DERIVATIVES (ISRA-TR REPORT 2016)

    Published on 2016 by Habib Motani, Qudeer Lateef, Cheuk-Yin

    Islamic derivatives have been a long-standing component of the wider Islamic finance industry, providing risk management solutions to complement other sectors of the industry and offering hedging possibilities to Shariah-compliant market participants. Those fundamental tenets of Shariah jurisprudence which are particularly…


  7. APPROACHES OF INNOVATION IN ISLAMIC FINANCE (ISRA-TR REPORT 2016)

    Published on 2016 by Sami ibn Ibrahim al-Suwaylim

    We live in an ever-changing world where innovation is not a luxury but a must for survival. Virtually all of the economic growth since the 18th century is ultimately attributable to innovation (Baumol, 2002). Developing countries do not so much…


  8. INNOVATION IN ISLAMIC FINANCE: TRAJECTORY, CONSTRAINTS AND FUTURE PROSPECTS (ISRA-TR REPORT 2016)

    Published on 2016 by Haydar Naser

    Financial innovation as understood in modern financial transactions refers to processes by which new financial products are invented or existing products are further developed in order to increase revenues, or better manage attendant risks, or provide a broader response to customers’…


  9. ISLAMIC SPOT FOREX (FX-I) OFFERED BY ISLAMIC FINANCIAL INSTITUTIONS: AN ANALYSIS (ISRA-TR REPORT 2016)

    Published on 2016 by Burhanuddin Lukman

    Foreign currency exchange (forex) is an important segment of international business activities. The trading of the global forex market is reported to be at an average of US$5.3 trillion per day in April 2013. According to the Bank for International Settlement…


  10. SHARIAH ISSUES IN PREFERENCE SHARES (ISRA-TR REPORT 2016)

    Published on 2016 by Shamsiah Mohamad

    The most common shares issued by companies to its shareholders are ordinary shares, while preference shares are typically issued to investors to protect their interests. Not all of the ways in which preference shares are employed would meet Shariah requirements…


  11. CONVERSION OF CAPITAL MARKETS INTO ISLAMIC CAPITAL MARKETS — THE GLOBAL EXPERIENCE (ISRA-TR REPORT 2017)

    Published on 2016 by Mushtak Parker

    The concept of an Islamic capital market (ICM) is often used loosely, and in some respects, erroneously. Furthermore, the total conversion of any capital market into an ICM is neither realistic nor pragmatic, just as the Islamization of the entire…


  12. ENVIRONMENTAL, SOCIAL AND GOVERNANCE (ESG) INVESTING STRATEGIES IN ISLAMIC FUNDS (ISRA-TR REPORT 2017)

    Published on 2016 by REHAN PATHAN

    At heart, ESG and Shariah-compliant investing are both based around a set of similar values. Whereas conventional finance has traditionally been built on the basis of maximizing risk-adjusted returns, Islamic and socially-responsible investors are driven by the requirement of seeking…


 

 

 


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