Application of Sharia Principles in Sharia Financial Institutions

Sharia Stock Screening: A Fund Manager's Conundrum

A fund manager has to abide by a set of business and financial parameters before selecting and including a particular stock in an Islamic fund portfolio. There are various Islamic screening methods followed by stock indices and banks, namely Dow Jones Islamic Market Index (DJIMI), FTSE Global Islamic Index Series, S&P 500, MSCI (Morgan Stanley Capital International) and Accounting and Auditing ...

Promoting Women’s Rights through Sharia in Northern Nigeria

The Regulation of Islamic Finance in the United Kingdom

This article examines the unique risks associated with Islamic financial institutions and the secular state’s reticence to directly regulate their religious dimension. It argues that the state’s method of regulating the Islamic financial industry ignores special reputational risks associated with the religious and cultural distinctiveness of Islamic banks. The Financial Services Authority (FSA)...

Factors Affecting the Performance of Sharia Equity Funds in Indonesia

By the end of 2018, the net asset value in total and the number of Sharia mutual funds in Indonesia is dominated by the Sharia equity fund. Therefore, this study sought to address the factors of internal and external factors affecting the Sharia equity funds’ performance in Indonesia in the period 2010-2018. The fund performance is measured with the Sharpe ratio. The determinants of fund perfor...

Multi-agent Security Architecture for a Sharia Compliant E-auction

Electronic auction has introduced new processes in the way auction is conducted which require investigation to ensure compliancy to Sharia (Islamic principles that are based on Qur’an and Sunnah) rules. The use of mobile software agent in electronic auction marketplaces adds ubiquity power to the bidders. In particular it allows agents to quicker respond to local changes in auction marketplaces...