ISRA International Journal of Islamic Finance: Volume 10 Issue 1 , Open Access

Editorial

Ashraf Md. Hashim

Academic sociology: The alarming rise in predatory publishing and its consequences for Islamic economics and finance

Zubair Hasan

The purpose of this paper is to explore the causes and impact of predatory online publishing on Islamic economics and finance.

A qualitative inquiry into cash waqf model as a source of financing for micro enterprises

Mohamed Asmy Bin Mohd Thas Thaker

This paper aims to explore the opinions and recommendations of various experts on the integrated cash waqf micro enterprise investment (ICWME-I) model, particularly in terms of…

Centralisation of corporate governance framework for Islamic financial institutions: Is it a worthy cause?

Abd Hakim Abd Razak

The purpose of this paper is to supply basic insights into the principle of shūrā (consultation) in Islamic banking, the idea of a centralised approach to the corporate governance…

Financing agricultural activities in Afghanistan: a proposed salam-based crowdfunding structure

Buerhan Saiti, Muhibullah Afghan, Nazrul Hazizi Noordin

This study aims to explore the potentials of adopting salam-based crowdfunding for financing the agricultural sector in Afghanistan.

Understanding the mushārakah mutanāqiṣah of Koperasi Pembiayaan Syariah Angkasa (KOPSYA)

Norbaizurah Abdul Jabar, Razli Ramli, Sazali Abidin

In Malaysia, both Islamic financial institutions (IFIs) and Islamic co-operatives (ICs) provide mushārakah mutanāqiṣah (diminishing partnership) (MM) financing. It was initially a…

Towards establishing an Islamic retail bank in a Muslim-minority country: Prospects and challenges in Mauritius

Najmul Hussein Rassool

The purpose of this research study is to explore and analyze the factors that will favour or constrain the introduction of an Islamic Retail bank in a Muslim-minority country such…

Sale with the temporary exclusion of usufruct: A critical examination of its use in financing home purchases

Abdulbari Mashal, Amer Hajal, Om Kalthoum Majoul, Mir Riaz Ansary

This paper aims to investigate sale with the temporary exclusion of usufruct, a format debated in classical Islamic jurisprudence. More specifically, it examines the application…

Islamic Financial Services Act (IFSA) 2013 and the Sharīʿah-compliance requirement of the Islamic finance industry in Malaysia

Mohamad Akram Laldin, Hafas Furqani

This paper aims to observe the development of the Sharīʿah governance framework (SGF) and practice in Islamic financial institutions (IFIs) in Malaysia.

Framework for financial hardship indebtedness management in abandoned housing projects in Malaysia

Sa’id Adekunle Mikail, Noor Suhaida Kasri, Saba Radwan Elatrash, Abideen Adeyemi Adewale

This paper aims to examine the existing practices and pertinent issues affecting Islamic banks and their customers in abandoned housing projects (AHPs) to ensure compliance with…

The effect of Islamic sacred months on stock prices in Iran and Iraq Stock Exchanges

Faisal Abduleh Salman Irag Al-Najaf, Mahdi Salehi, Hind Shafeeq Nimr Al-Maliki

The present study aims to examine the effects of the Islamic sacred months, namely, Muḥarram, Rajab, Dhu al-Qaʿdah and Dhu al-Ḥijjah, on stock prices on the Iran and Iraq Stock…