a r t i c l e i n f o The Dow Jones Islamic Market indices (DJIMI) are constructed by screening out stocks that are incompatible with Islam's prohibition of interest and certain lines of business. However, as a blunt instrument, the interest rate can affect discounted cash flows of any firm, even a firm with no financial leverage. This study reveals that the aggregate portfolio of Islamic stock...

The rise of truth claims, radicalism, politicization, and religious fundamentalism, as well discourses on the formalization khilāfah al-Islamiyah state's sharia, have caused divisions threatened stability Indonesian state. One these problems is motivated by learning Islamic Religious Education (PAI) which doctrinal, exclusive, normative. Therefore, an alternative solution needed through multicu...

This paper investigates the question of whether the phenomenon of Islamic finance who based on Shariah, or Islamic law is truly globalizing and spreading as a universal system of finance and banking. The paper also addresses various aspects of the globalization for Islamic finance, among other, the issue of the rise of Islamic banking in the world, Islamic jurisprudence and finance, global stan...

Since the fall of Suharto's regime in 1998, Indonesia has entered a new era democracy dubbed Reformation era. Religious ideology grew throughout this period, both locally and as result globalization. As result, polarization students can no longer be read through classical or conventional typologies. The classic typology style Clifford Geertz, followed by Yon Machmudi Ahmad Najib Burhani's stude...

Muslims on every continent have responded in a great variety of ways to the challenges colonial modernity. Yet, it is also possible examine broader currents within this diversity. Fundamentalism, modernism, and traditionalism are global which overlap with other religions, such as Christianity or Hinduism. However, these contested unstable categories only loosely designate internally diverse com...

This study explains the history, current problems, and future possibilities of Islamic insurance (takaful) in Bangladesh. To articulate these issues, the researcher has adopted the qualitative method, and data has been collected through secondary sources i.e. articles, books, and online resources. The study reveals that Islamic insurance in Bangladesh is regulated by the Insurance Act 2010 whic...