this paper is a comparative study of legal aspect of islamic securities (sukuk), between iran (as shia fiqh) malaysia (as the first country that issued sukuk based on sonni fiqh) and england (as a chief western country in sukuk). results indicate many similarities between iran and malaysia rules despite specifications with england rules. different in definition of contract, asset valuation, lim...

collateralized mortgage obligations are derivatives securities based on mortgage loans which issued in different maturities, interest rates and credit ratings. in iran attention to decision authorities for the first time allowed iran melli bank and maskan bank to issue this kind of securities. one of the main questions in issuing this kind of securities is maximizing the issuer profit by choosi...

this paper tries to evaluate the nature of open market operation in the conventional banking system and to compare the usage of government securities and central bank securities for conducting this operation. in addition, the experience of the iranian central bank in using central bank musharakah certificates is reviewed. the main results of the paper, derived from an analytical- descriptive ap...

Islamic securities (Sukuk) are hybrid securities bearing features of stocks and bonds, altogether. Similar to stocks, they indicate a type of partnership and holders of Sukuk will be considered as the owners of underlying asset or project for finance of which, Sukuk have been issued. Theoretically, these holders share any loss and profit resulted from underlying asset. However, these securities...

Implementation credit rating for Corporates is influenced by Different circum-stances, systems, processes, and cultures in each country. In this study, we pro-posed a Factor analysis modified approach for determine important factors on real data set of 123 accepted corporate in Tehran Securities Exchange for the years 2009-2017 of diverse range of 52 variable. We estimated the priority score fo...

in economic literature, one of the important roles of deposits is to provide a suitable background for investing. the basic aim of this research is to study the mechanism of some variables such as; inflation rate, gross domestic product (gdp), stock price index, housing price index, the rate of profit sharing securities and their effects on the level of bank deposits in current banking system. ...

For a set of risky financial securities whose expected return vector and covariance matrix are given, we propose the concept of a robust profit opportunity as an alternative to arbitrage opportunities. We formulate the problem of finding the “most robust” profit opportunity in a single investment period, and show that it can be solved as a convex quadratic programming problem. Furthermore, we d...

This paper presents a novel use of SQL language to solve a practical optimization problem to find the portfolio size and the quantity of money for securities. This problem is known as the Portfolio Selection Problem (PSP). The approach was tested on 9 random instances of PSP. Each instance has up to 12 securities and 50 different choices of money. Each security follows a non-linear profit model...

Sweden and Spain experiment with different provider models to reform healthcare provision. Both models have in common that they extend the role of the for-profit sector in healthcare. As the analysis of Saltman and Duran demonstrates, privatisation is an ambiguous and contested strategy that is used for quite different purposes. In our comment, we emphasize that their analysis leaves questions ...