This profound book is a powerful yet balanced critique of mainstream economics that makes
a forceful plea for taking economics out of its secular and occident-centred cocoon. It …

In the massive contemporary literature that has come to be known as “Islamic economics,” 1
the claim is repeatedly made that an Islamic economic system would achieve a greater …

Islamic banking in Malaysia, despite its recent start, has seen very rapid growth. This growth
however has been uneven. While short-term trade financing has always been dominant and …

Purpose The purpose of this study is to understand the profit-sharing structure at equilibrium
of the two-tier mudharaba contract in a pure Islamic banking system and then in a dual …

Profit-loss sharing contract (PLSC) is a contract that shares business risks between
participants, while interest-based contract (IBC) requires entrepreneurs to bear total …

This paper examines the reasons for a widening gap between the conventional theory and
current practice of Islamic banks. It finds fault at both the ends.'No risk, no gain'is inadequate …

Purpose The purpose of this paper is to determine the optimal profit-and-loss sharing (PLS)-
based contract when market frictions occur. Design/methodology/approach This paper opts …

This research aims to expose the Islamic perspective on the concept of justice on the
Mudarabah contract's profit-sharing ratio. In certain verses in Al-Qur'an, Islamic values in …

In this paper we attempt to answer a fundamental question of whether a profit-loss sharing
(PLS) based banking system can be welfare improving than an interest based banking …

This research aims to examine the correlation between the Sharia Supervisory Board (SSB)
and corporate governance in terms of the performance of Islamic banks' Profitand-Loss …