The rise and decline of the Islamic State’s (IS) caliphate between 2014 2018 have garnered significant policy academic attention. Explanations for group’s territorial demise focussed on its internal group dynamics external conflict processes. Although both explanations are valid, I adopt a historical approach to show that IS’s was just one cycle in two-decade history governance activity. IS has...

This study addressed three questions: 1. What are the objectives of the leaders of ISIL? 2. What are the objectives of the followers of ISIL? 3. How are the two sets of objectives related? To answer these questions we analyzed the transcripts of interviews and presentations of 59 subject matter experts (SMEs) and conducted a separate analysis of speeches of ISIL leaders and selected Internet so...

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...

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...

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...

after its conquest, khorasan came under the administration of the islamic caliphate and found particular importance due to its possession of natural resources and its location on the international trade route. the region excelled in local industries, agricultural products and the transition of eastern goods, and used to provide the required resources of islamic states. some of the policies of t...