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The purpose of this paper is to determine the impact of wealth tax (zakat) and corporate tax (CT) on the firm's capital structure. The pioneering works of capital structure were introduced by Modgliani and Miller (1958). Subsequently, these studies were extended by other authors such as Elton and Gruber (1970), Miller (1977), DeAngelo and Masulis (1980), Mackie-Mason (1990), Harris and Raviv (1991), Rajan and Zingales (1995) and Booth et al. (2001). The diversity of the study covers from the advantage of CT to the cost of debt financing. The empirical evidence has also been applied to different countries with a good data access and different legal and accounting environments. However, this study is still relevant especially on the advantages of wealth tax, and the utilization of Islamic debt and equity financing to the firm's capital structure.

The study uses the sample of Malaysian firms that are listed in the Kuala Lumpur Stock Exchange. The cross-sectional and time-series data covering 422 companies from 1996 to 2000 are compiled from the database published by the Kuala Lumpur Stock Exchange. All the sample firms are listed as a syariah company that normally pays the wealth tax. These data, then, are used to examine the effects of several explanatory variables, i.e. wealth tax and CT, and several controlled variables on firm capital structure decisions.

The results showed that, first, the significance of wealth tax is consistent with the argument that firms that pay high wealth tax should be financed with relatively more debt. Second, as the CT rate is raised, firms are subjected to lower CT rates which would lead them to utilize more debt in their capital structures. Third, a significant relationship exists between age, size, return on assets, volatility, industry classification, tangible assets and bankruptcy with the capital structure.

This paper viewed the tax benefits and the zakat payments in isolation. However, the tax deductions and the zakat payments are both expected to influence the capital structure decisions. The paper will study this decision and reveal the determinants that influence the capital structure decisions in general and the specific choice of payments, i.e. tax and zakat payments.

The residential buildings sector has a high priority in the climate change adaptation process due to significant CO₂ emissions, high energy consumption and negative environmental impacts. The article investigates how, conversely speaking, the residential buildings will be affected by climate change, and how to improve existing structures and support long-term decisions.

The climate dataset was created using the scenarios determined by the Intergovernmental Panel on Climate Change (IPCC), and this was used in the study. Different building envelope and Heating, Ventilating and Air Conditioning (HVAC) systems scenarios have been developed and simulated. Then, the best scenario was determined with comparative results, and recommendations were developed.

The findings reveal that future temperature-increase will significantly impact buildings' cooling and heating energy use. As the outdoor air temperatures increase due to climate change, the heating loads of the buildings decrease, and the cooling loads increase significantly. While the heating energy consumption of the house was calculated at 170.85 kWh/m² in 2020, this value shall decrease significantly to 115.01 kWh/m² in 2080. On the other hand, the cooling energy doubled between 2020 and 2080 and reached 106.95 kWh/m² from 53.14 kWh/m² measured in 2020.

Single-family houses constitute a significant proportion of the building stock. An in-depth analysis of such a building type is necessary to cope with the devastating consequences of climate change. The study developed and scrutinised energy performance improvement scenarios to define the climate change adaptation process' impact and proper procedure. The study is trying to create a strategy to increase the climate resistance capabilities of buildings and fill the gaps in this regard.

This paper aims to examine whether high levels of financial inclusion is associated with greater financial risk.

The study uses regression methodology to estimate the effect of financial inclusion on financial risk.

The findings reveal that higher account ownership is associated with greater financial risk through high non-performing loans and high-cost inefficiency in the financial sector of developed countries, advanced countries and transition economies. Increased use of debit cards, credit cards and digital finance products reduced risk in the financial sector of advanced countries and developed countries but not for transition economies and developing countries. The findings also show that the combined use of digital finance products with increased formal account ownership improves financial sector efficiency in developing countries while the combined use of credit cards with increased formal account ownership reduces insolvency risk and improves financial sector efficiency in developing countries.

The paper offers several implications for policy and financial regulation. It suggests policies that would reduce the financial risk that financial inclusion poses to the financial sector.

The recent interest in financial inclusion and the unintended consequences of policy-driven financial inclusion in some parts of the world is raising concern about the risks that financial inclusion may introduce to the formal financial sector. Little is known about the risks that financial inclusion may pose to the financial sector.