International Journal of Islamic and Middle Eastern Finance and Management: Volume 15 Issue 2

Guest editorial: Special issue on Covid-19 pandemic crisis and Islamic finance

M. Kabir Hassan

COVID-19 and GCC stock market performance: an analysis of the boon (financial stimulus package) and curse (oil price plunge) effects

Shinaj Valangattil Shamsudheen, Mudeer Ahmed Khattak, Aishath Muneeza, Makeen Huda

This study aims to investigate the reaction (in terms of returns and volatility) of Gulf Cooperation Council (GCC) country-wise stock markets (both conventional and Islamic) in…

Designing micro-fintech models for Islamic micro financial institutions in Indonesia

Ascarya Ascarya, Ali Sakti

This study aims to design appropriate micro-fintech models for Islamic microfinance institutions (IMFIs), especially Baitul Maal wat Tamwil (BMT) in Indonesia, thus enabling BMT…

The potential of Islamic social finance to alleviate poverty in the era of COVID-19: the moderating effect of ethical orientation

Umar Habibu Umar, Abubakar Jamilu Baita, Md Harashid Bin Haron, Sadanu Hamza Kabiru

This paper aims to explore the potential of the awareness and knowledge of Islamic social finance (zakat, waqf and Islamic microfinance) to alleviate poverty during the COVID-19…

Zakat administration in times of COVID-19 pandemic in Indonesia: a knowledge discovery via text mining

Fahmi Ali Hudaefi, Rezzy Eko Caraka, Hairunnizam Wahid

Zakat during the COVID-19 outbreak has played a vital role and has been significantly discussed in the virtual environment. Such information about zakat in the virtual world…

Islamic stock markets and COVID-19-induced shocks: simulations with global VAR approach

Idris A. Adediran, Abdulfatai Salawudeen, Syed Nasir Ashraf Sabzwari

This paper aims to make the first attempt to study the transmission of COVID-19 pandemic-induced shocks to the global Islamic stock markets in the midst of the overall…

Islamic banking stability amidst the COVID-19 pandemic: the role of digital financial inclusion

Hasanul Banna, M. Kabir Hassan, Rubi Ahmad, Md Rabiul Alam

This paper aims to explore the role of digital financial inclusion (DFI) in stabilizing the Islamic banking sector amidst the current COVID-19 pandemic.

Are Islamic financial institutions more resilient against the COVID-19 pandemic in the GCC countries?

Erhan Akkas, Hazem Al Samman

This paper aims to investigate and provide an objective appraisal of the impact of the COVID-19 outbreak on Islamic and conventional financial institutions and Islamic windows in…

A note on the relationship between COVID-19 and stock market return: evidence from South Asia

Md Arafat Rahman, Md Mohsan Khudri, Muhammad Kamran, Pakeezah Butt

The transformation of coronavirus disease (COVID-19) from a regional health crisis in a Chinese city to a global pandemic has caused severe damage not only to the natural and…

Are Islamic indexes, Bitcoin and gold, still “safe-haven” assets during the COVID-19 pandemic crisis?

Slah Bahloul, Mourad Mroua, Nader Naifar, nader naifar

This paper aims to investigate whether Islamic indexes, Bitcoin and gold still act as hedges or/and “safe-haven” assets during the COVID-19 pandemic crisis. This paper examines…

The role of Islamic social finance during Covid-19 pandemic in Indonesia’s economic recovery

Ascarya Ascarya

This study aims to propose Islamic solutions to the Covid-19 health and economic crises, specifically using Islamic social finance (ISF) instruments, including zakat, infaq and…

How do banks’ capital regulation and risk-taking respond to COVID-19? Empirical insights of ownership structure

Syed Moudud-Ul-Huq, Kawsar Ahmed, Mohammad Ashraful Ferdous Chowdhury, Hafiz M. Sohail, Tanmay Biswas, Faisal Abbas

This study aims to investigate the relationship between capital regulation and risk-taking behavior (financial stability) concerning the impacts of the recent global (COVID-19…

Socially responsible investment (SRI) Sukuk as a financing alternative for post COVID-19 development project

Rashedul Hasan, Sivakumar Velayutham, Abu Faisal Khan

COVID-19 has disrupted the economic development of both advanced and emerging markets. In addition to the stimulus packages to adjust the economic shock from COVID-19, regulators…

Infaq during movement lockdown: the perspective from social responsibility theory

Mohamad Isa Abd Jalil, Suddin Lada, Anwar Allah Pitchay, Mohd Ashari Bakri, Mohd Fahmi Ghazali, Mohamad Rizal Abdul Hamid

Within a few days, the National Disaster Management Agency’s COVID-19 Fund (NADMA) has collected RM 5.5 m in donations from individuals and companies. These data shows that…

COVID-19 pandemic and risk dynamics of financial markets in G7 countries

Mohammad Ashraful Mobin, M. Kabir Hassan, Airil Khalid, Ruzita Abdul-Rahim

The purpose of this study is twofold: to examine the effects of the COVID-19 pandemic on the risk dynamics of stock and bond markets in G7 countries; and to examine if the…