This paper considers the impact of full Islamic shari’ya compliance on developing stock exchanges in their effective provision of development capital. Evidence from a unique study focussing on the Sudan telecommunications company and its listings on the Khartoum as well as Arabian Gulf stock exchanges reveals that costs of capital are considerably higher in the former than latter markets. While...

Mumtaz Ahmad is professor in Hampton University’s Department of Political Science. A member of the American Academy of Arts and Sciences’ “Fundamentalism Project,” Dr. Ahmad has been a Research Fellow at the Brookings Institution, a Fellow of the American Institute of Pakistan Studies and the International Institute of Islamic Thought, a Fulbright Professor in Bangladesh and Pakistan, and a Vis...

Since the emergence of the civilization, poverty has been a big challenge and in present time, it is a worldwide spread problem. Poverty is an obnoxious situation when people are deprived from access to many things but most common of these are longevity (long and healthy life) health (adequate levels of health), nutrition (food), shelter (adequate housing), clothing, education, literacy, knowle...

Islamic financing is the methods and types of funding a personal or business uses which consist sale-based equity-based, used to carry out unique benefits capital investments. research very restricted needs be more developed, notably on demand side consumer. This article aimed explore impact Spiritual Intelligence (ISI) behavioural intention adoption. study content analysis technique accomplish...

We consider the financing of a research project under uncertainty about the time of completion and the probability of eventual success. We distinguish between two financing modes, namely relationship financing, where the allocation decision of the entrepreneur is observable, and arm's-length financing, where it is unobservable. We find that equilibrium funding stops altogether too early relativ...