ISRA International Journal of Islamic Finance: Volume 9 Issue 1 , Open Access

Editorial

Ashraf Md. Hashim

Application of waqf for social and development finance

Salman Ahmed Shaikh, Abdul Ghafar Ismail, Muhammad Hakimi Mohd Shafiai

This paper aims to discuss the application of waqf (endowment) in the social finance sector for funding social and development projects and services.

The optimum size of rotating qarḍ ḥasan savings and credit associations

Seyed Kazem Sadr

Several indigenous credit and savings schemes have been accredited recently in developing countries for the benefit of households and entrepreneurs alike. Famous among them are…

ISRA-Bloomberg Sharīʿah stock screening and income cleansing methodologies: a conceptual paper

Ashraf Md. Hashim, Farrukh Habib, Ziyaat Isaacs, Mohamed Anouar Gadhoum

The purpose of this paper is to explain and critically analyse the Sharīʿah screening criteria and cleansing process for income generated from stocks with a special focus on a…

Causes and solutions for the stagnation of Islamic banking in Turkey

Halit Yanīkkaya, Yaşar Uğur Pabuçcu

This paper aims to evaluate the root causes of stagnation of the Islamic banking sector in Turkey in three steps and proposes solutions and policy recommendations.

Purging of impure income: a comparative study of the existing purging methodologies

Wasiullah Shaik Mohammed, Mufti Abdul Kader Barkatulla, Mohammed Husain Khatkhatay, Zaffar Abbas

The purpose of this paper is to study the concept of purging and present a comparative study of the existing purging methodologies prevailing in the market with a view to evolving…

Towards the establishment of cash waqf microfinance fund for refugees

Omar Ahmad Kachkar

This paper aims to propose cash waqf (endowment) to develop a conceptual model that can be utilised to extend microfinance for refugees.

Proposal for a new Sharīʿah risk rating approach for Islamic banks

Muhammad Adeel Ashraf, Ahcene Lahsasna

Customers of Islamic banking industry continue to be skeptical on Sharīʿah compliance of Islamic banks despite receiving fatwa from the competent authorities. The purpose of this…

Challenges of developing a takāful retirement annuity plan in Malaysia

Younes Soualhi

This paper aims to explore the challenges facing the development of a takāful retirement annuity plan in Malaysia. It also aims at exploring a new platform to re-launch the same…

Utilisation of zakāh and waqf fund in micro-takāful models in Malaysia: an exploratory study

Said Adekunle Mikail, Muhammad Ali Jinnah Ahmad, Salami Saheed Adekunle

This paper aims to investigate the utilisation of both zakāh and waqf fund as external resources to ensure micro-takāful services are delivered to underserved communities in an…

Fiqhī views on bayʿwa salaf and qarḍ-based Islamic banking deposit accounts in Malaysia

Mahadi Ahmad, Riaz Ansary

Islamic banks are obliged to carry out transactions that only comply with Islamic commercial laws. Malaysia has been championing the Sharīʿah-based banking system, and so…