مجلة إسرا الدولية للمالية الإسلامية最新文献

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Cash Waqf as a Mechanism to Modernize the Performance of Charitable Institutions: The Experience of Disadvantaged Families in Algeria 现金Waqf作为慈善机构绩效现代化的机制:阿尔及利亚贫困家庭的经验
مجلة إسرا الدولية للمالية الإسلامية Pub Date : 2022-06-27 DOI: 10.55188/ijifarabic.v13i1.242
Baghdad Banine, Ibrahim Gaid, Houweidi Abdel-Basit
{"title":"Cash Waqf as a Mechanism to Modernize the Performance of Charitable Institutions: The Experience of Disadvantaged Families in Algeria","authors":"Baghdad Banine, Ibrahim Gaid, Houweidi Abdel-Basit","doi":"10.55188/ijifarabic.v13i1.242","DOIUrl":"https://doi.org/10.55188/ijifarabic.v13i1.242","url":null,"abstract":"This research aims to discern the effectiveness of cash waqf in modernizing and improving the performance of charitable institutions through the establishment of small, supported projects for the economic empowerment of disadvantaged families. These basic support mechanisms were employed in two pioneering experiments in Algeria: Ethar Productive Family and Bab Rizk Project. Both experiments relied on one type of project financing source: cash waqf. The nature of this source is to maintain the capital while utilizing its benefits for charitable purposes. Despite the recent initiation of the two projects, the results of the study demonstrate how effective cash waqf is in improving the performance of charitable institutions through projects for the economic empowerment of the families receiving sponsorship. It changes their behavior from dependent families to productive ones with an independent income who contribute to the development of the national economy. The two experiments also make use of the society’s capabilities in the form of professional experts and academics in many disciplines by getting them involved in volunteer work. It has led to the modernization of the performance of charitable institutions from their traditional role as mediators between the benefactor and the recipient of philanthropy to a modern performance represented in the process of mediation, training, innovation and ongoing support for projects that provide sustainable income for the recipients of philanthropy.","PeriodicalId":322283,"journal":{"name":"مجلة إسرا الدولية للمالية الإسلامية","volume":"21 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2022-06-27","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127775945","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Buildup of Global Debt and the Emergence of a New Global Financial Crisis 全球债务积累与新一轮全球金融危机的出现
مجلة إسرا الدولية للمالية الإسلامية Pub Date : 2021-12-15 DOI: 10.55188/ijifarabic.v12i2.74
Ihsane Bouberima, Hamza Chaker
{"title":"The Buildup of Global Debt and the Emergence of a New Global Financial Crisis","authors":"Ihsane Bouberima, Hamza Chaker","doi":"10.55188/ijifarabic.v12i2.74","DOIUrl":"https://doi.org/10.55188/ijifarabic.v12i2.74","url":null,"abstract":"Many economic researchers and economic policy-makers are discussing an upcoming global financial crisis that will result in a long-term economic recession due to the accumulation of global debt that has reached record levels. However, the truth is that the crisis is still far from our economic reality because the debt crisis has been addressed in a number of countries since the crisis of the 1980s by the rescheduling and write-offs of debts, international cooperation, and other measures. Also, the United States is still able to manage its debts as long as the dollar is the global reserve currency, and it cannot easily be abandoned as such. In addition, the International Monetary Fund is prepared to manage debts and financial crises while at the same time monitoring economic indicators. It provides the necessary international liquidity to achieve global monetary and economic stability.","PeriodicalId":322283,"journal":{"name":"مجلة إسرا الدولية للمالية الإسلامية","volume":"96 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"129901880","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
نحو استثمار مقوّمات الصّكوك الإسلاميّة الاستثماريّة لترقية إسهام المصارف الإسلاميّة في تفعيل السّلوك الادّخاري الاستثماري لدى الأفراد، دراسة تطبيقيّة على عيّنة من المصارف الإسلاميّة للفترة 2004 -2017 在2004 -2017年对伊斯兰银行样本进行应用研究,以期投资伊斯兰银行的投资资产,提高伊斯兰银行对个人投资储蓄行为的贡献
مجلة إسرا الدولية للمالية الإسلامية Pub Date : 2021-12-15 DOI: 10.55188/ijifarabic.v12i2.60
عبد القادر زيتوني
{"title":"نحو استثمار مقوّمات الصّكوك الإسلاميّة الاستثماريّة لترقية إسهام المصارف الإسلاميّة في تفعيل السّلوك الادّخاري الاستثماري لدى الأفراد، دراسة تطبيقيّة على عيّنة من المصارف الإسلاميّة للفترة 2004 -2017","authors":"عبد القادر زيتوني","doi":"10.55188/ijifarabic.v12i2.60","DOIUrl":"https://doi.org/10.55188/ijifarabic.v12i2.60","url":null,"abstract":"عُنيت هذه الدراسة بقراءة في مُقومّات الصّكوك الإسلاميّة الاستثماريّة بحثاً فيها عمّا يؤثر في تفعيل دور المصارف الإسلاميّة وترقيته في دعم السّلوك \"الادّخاري الاستثماري\" لدى الأفراد. وبعد عرضٍ مُختصرٍ للمُراد بسلوك الأفراد \"الادّخاري-الاستثماري\"، وبيانٍ لمسؤولية المصارف الإسلاميّة في بعثه وتفعيله ولسُبل تجسيدها، وتشخيصٍ سريعٍ لواقع تبنّي الأفراد ذلك السّلوك في إيداعاتهم لدى عيّنة مُختارة من المصارف الإسلاميّة، ووقوفٍ من ثمَّ على أهمِّ الحوافز التي تستوعبها الصّكوك الإسلاميّة والتي تحمل الفرد على مُمارسة النّشاط الادّخاري وتدعم جهُود المصرفية الإسلاميّة، ودراسة ميدانيّة تقييميّة لأثر إصدارات الصّكوك التي قامت بها المصارف الإسلاميّة محل الدراسة على سلوك الأفراد \"الادّخاري-الاستثماري\"، تبيّن أن التعامل في الصّكوك إصداراً واكتتاباً يُسهم بشكلٍ فاعل في ترقية دور المصارف الإسلامية في دعم السّلوك \"الادّخاري-الاستثماري\" لدى الأفراد، وذلك لاستيعابها جُملة من الحوافز الدّاعمة لرغبة الفرد الادّخارية كتملّك الأصُول وقابلية التسييل، وملاءمة الحجم والفترة، والمحافظة على رأس المال، فضلاً عن سهُولة الاستثمار وارتفاع العائد.","PeriodicalId":322283,"journal":{"name":"مجلة إسرا الدولية للمالية الإسلامية","volume":"27 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"121154808","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Parameters of Islamic Finance and Their Role in Improving the Investment Environment in Algeria, a Critical Analytical Study 伊斯兰金融参数及其在改善阿尔及利亚投资环境中的作用——一项批判性分析研究
مجلة إسرا الدولية للمالية الإسلامية Pub Date : 2021-12-15 DOI: 10.55188/ijifarabic.v12i2.72
Meriem Zughlami
{"title":"The Parameters of Islamic Finance and Their Role in Improving the Investment Environment in Algeria, a Critical Analytical Study","authors":"Meriem Zughlami","doi":"10.55188/ijifarabic.v12i2.72","DOIUrl":"https://doi.org/10.55188/ijifarabic.v12i2.72","url":null,"abstract":"This study aims to shed light on the parameters of Islamic finance and the extent to which they contribute to improving the investment environment in the Algerian economy. We find that the package of legal, ideological, economic, social and ethical parameters for Islamic finance support the creation of an investment environment free of manifestations of corruption, ambiguity and injustice in which investment varies according to the needs and requirements of society. Local investment thrives with it, which leads to achieving sustainable economic and social well-being. The research also analytically examined the Algerian investment environment by studying the overall economic situation and the reality of domestic and foreign investment, and then the status of the Algerian economy according to indicators of global competitiveness and corruption. The study concluded that the situation of real domestic and foreign investment in Algeria is still far below average as per the global indicators. The study recommended the adoption of a set of Islamic finance parameters in order to increase Algerian domestic production capacity, attract foreign investment, and improve the internal investment environment.","PeriodicalId":322283,"journal":{"name":"مجلة إسرا الدولية للمالية الإسلامية","volume":"1 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"125811036","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Role of Internal Shari'ah Audit in Enhancing Governance and Shari'ah Compliance in Islamic Banks 伊斯兰教法内部审计在加强伊斯兰银行治理和遵守伊斯兰教法中的作用
مجلة إسرا الدولية للمالية الإسلامية Pub Date : 2021-12-15 DOI: 10.55188/ijifarabic.v12i2.68
A. Mashal
{"title":"The Role of Internal Shari'ah Audit in Enhancing Governance and Shari'ah Compliance in Islamic Banks","authors":"A. Mashal","doi":"10.55188/ijifarabic.v12i2.68","DOIUrl":"https://doi.org/10.55188/ijifarabic.v12i2.68","url":null,"abstract":"This research aims to determine the role of internal Sharīʿah audits in enhancing Sharīʿah governance and compliance in Islamic banks. The paper also seeks to provide a vision of risk-based internal Sharīʿah audit based on professional standards and international best practices. The ultimate goal of the internal Sharīʿah audit process is to assist the institution in fulfilling its duty of Sharīʿah compliance. It is therefore necessary to search for the best methods and professional practices for adoption to improve the internal Sharīʿah audit process and evaluate the effectiveness and efficiency of the internal Sharīʿah control system and to monitor its operation. The research adopted the descriptive analytical approach by describing the role of internal Sharīʿah audit in strengthening governance and Sharīʿah compliance in Islamic banks. After that, it analyzes the results in order to provide a vision for risk-based internal Sharīʿah audit in accordance with the best international practices and professional standards. The findings of this research are as follows: The role of the internal Sharīʿah supervisory system is to translate the concepts of Sharīʿah governance and compliance from theory to implementable procedures. The most crucial role of an internal Sharīʿah auditor is to evaluate the effectiveness and efficiency of the internal Sharīʿah supervisory system, to monitor its operation, and to recommend necessary improvements to the system. The recommendation of this paper to supervisory bodies is to adopt the approach of risk-based Sharīʿah audit in order to further develop the governance standards for Islamic financial institutions related to internal and external Sharīʿah audit.","PeriodicalId":322283,"journal":{"name":"مجلة إسرا الدولية للمالية الإسلامية","volume":"56 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-12-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128130519","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
التمويل الاجتماعي الإسلامي والتمكين الاقتصادي 伊斯兰社会融资和经济赋权
مجلة إسرا الدولية للمالية الإسلامية Pub Date : 2021-06-15 DOI: 10.55188/ijifarabic.v12i1.235
أشرف محمد دوابه
{"title":"التمويل الاجتماعي الإسلامي والتمكين الاقتصادي","authors":"أشرف محمد دوابه","doi":"10.55188/ijifarabic.v12i1.235","DOIUrl":"https://doi.org/10.55188/ijifarabic.v12i1.235","url":null,"abstract":"يعد التمويل الاجتماعي الإسلامي من أهم الوسائل الفعالة للإسهام في تحقيق التمكين الاقتصادي، بما يملكه من تنوع في أساليبه، سواء أكان تمويلا خيريا أو ربحيا، لاسيما في ظل ما تعانيه المجتمعات العربية والإسلامية من الفقر والبطالة. وفي هذا الإطار تأتي هذه الدراسة للتعرف على مفهوم التمويل الاجتماعي الإسلامي وخصائصه وأهميته، ومفهوم التمكين الاقتصادي، وأهميته والرؤية الإسلامية له ومعوقاته، والإسهام في تحقيقه من خلال أساليب التمويل الاجتماعي الإسلامي، ومن ثم الانتقال بالمطلوب تمكينهم اقتصاديا من الحاجة واعتمادهم على الغير إلى الكفاية واعتمادهم على أنفسهم، والإسهام في عملية التنمية، فضلا عن الإسهام في تحقيق أهداف الشمول المالي. وقد اعتمدت الدراسة على المنهج الوصفي التحليلي حيث يتفق مع طبيعة موضوع البحث، وكذلك مع هدفه، وتوصلت إلى أنه يمكن تمويل المشروعات المتناهية الصغر والصغيرة من أجل التمكين الاقتصادي من خلال المصارف والمؤسسات المالية الإسلامية، ومؤسسة الزكاة ومؤسسة الوقف، وذلك من خلال التمويل الاجتماعي الإسلامي الخيري (غير الربحي) بالقرض الحسن والزكاة والصدقات والوقف، أو التمويل الاجتماعي الربحي ولكن بربحية متواضعة لضمان استدامة التمويل، من خلال التمويل بالمعاوضات والتمويل بالمشاركات تحقيقا للمسئولية الاجتماعية.","PeriodicalId":322283,"journal":{"name":"مجلة إسرا الدولية للمالية الإسلامية","volume":"91 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2021-06-15","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"122532227","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
The Risks Associated with Banking Muḍārabah, and Ways to Reduce It 与银行业相关的风险Muḍārabah,以及减少风险的方法
مجلة إسرا الدولية للمالية الإسلامية Pub Date : 2020-12-28 DOI: 10.55188/ijifarabic.v11i2.249
Ibrahim Nasir al-Sawafi
{"title":"The Risks Associated with Banking Muḍārabah, and Ways to Reduce It","authors":"Ibrahim Nasir al-Sawafi","doi":"10.55188/ijifarabic.v11i2.249","DOIUrl":"https://doi.org/10.55188/ijifarabic.v11i2.249","url":null,"abstract":"Sharīʿah-compliant muḍārabah, which is to pay money to someone who invests it and develops it for a portion of the profit, is one of the best means that Islamic banks and investment companies can use in order to invest their money, finance their clients, and raise capital without introducing new owners to own shares of the bank or company. It is also a means of achieving balance in financial liquidity between receivables and liabilities; however, muḍārabah investment or financing comes with multiple risks that make the executive management of banks and companies reluctant to deal with it. These risks are exemplified in the fear of capital loss, of inability to make a profit, and of the use of funds for purposes other than the investment. These risks should not remain a barrier that prevents its use in investment and financing in a manner that equals, or surpasses, other means of investment and financing. In this research we will examine the solutions proposed to reduce these risks; for example, a third party guarantee of capital or expected profit, and establishing provisions for investment risk and profit rate risk (profit stabilization). This research will be conducted according to three methodologies: inductive, comparative and analytical. The research has reached a number of results. These include that the correct view is the permissibility of renting an asset for a portion of what is produced from it. Also, it is imperative to find legitimate means to invest the compulsory reserve that is held by the Central Bank so that its owners are not deprived of its profits. Also, it is not permissible for the capital owner to require the muḍārib to make a certain minimal percentage of profit or a lump sum. Also, there is an urgent need to create a collective fund among Islamic banks and financial institutions to secure against the potential risks.","PeriodicalId":322283,"journal":{"name":"مجلة إسرا الدولية للمالية الإسلامية","volume":"15 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-12-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"126904177","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Modeling the impact of Islamic finance on macroeconomic variables in Sudan 模拟伊斯兰金融对苏丹宏观经济变量的影响
مجلة إسرا الدولية للمالية الإسلامية Pub Date : 2020-06-29 DOI: 10.55188/ijifarabic.v11i1.255
Okbah Abdellawi, Fawzi Mhireque, Issam Jawadi
{"title":"Modeling the impact of Islamic finance on macroeconomic variables in Sudan","authors":"Okbah Abdellawi, Fawzi Mhireque, Issam Jawadi","doi":"10.55188/ijifarabic.v11i1.255","DOIUrl":"https://doi.org/10.55188/ijifarabic.v11i1.255","url":null,"abstract":"This research paper aims at modeling the impact of Islamic finance on some macroeconomic variables in Sudan during the period (2000 - 2014),  using standard models to measure the impact of the Islamic financing formulas of musharakah, mudarabah, salam, murabahah, leasing, istisna' and musasaqat, as well as \"Shahama\" certificates of government participation on gross domestic product (GDP). It also examines it impact on accumulation of fixed capital, family consumption, money supply, inflation, trade balance, and unemployment. In order to precisely describe the phenomena and economic behavior being studied, and in order to determine the real effects of the variables, the proposed economic model was estimated on the basis of a system of equations instead of single-equation economic models. The regular three-stage least squares method, which is a combination of the two-stage least squares method and the generalized placement method, was used. One of the most important results of the study is that the Islamic financing formulas clearly affect the control of liquidity management in order to achieve economic growth by focusing on financing through mudarabah, salam, and the other forms. Also, the accumulation of fixed capital can be promoted through murabahah, musharakah, mudarabah and other forms (leasing, istisna' and musaqat). The mudarabah and salam formulas contribute to controlling inflation while the murabahah and musharakah modes contribute to raising the level of consumption and aggregate demand. They also increase the surplus in the trade balance through export financing operations in addition to the competitive advantages granted to the local product through their effect on the exchange rate. As for Shahama government participation certificates, they had an impact on most economic variables and can be used to manage cash liquidity and, more importantly, to cover public expenditures and remedy the budget deficit.","PeriodicalId":322283,"journal":{"name":"مجلة إسرا الدولية للمالية الإسلامية","volume":"43 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"130112303","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Financial Intermediation from Shariah Perspective A Maqasidi Approach 伊斯兰教法视角下的金融中介:一种Maqasidi方法
مجلة إسرا الدولية للمالية الإسلامية Pub Date : 2020-06-29 DOI: 10.55188/ijifarabic.v11i1.253
Abdul Azim Abou Zaid
{"title":"Financial Intermediation from Shariah Perspective A Maqasidi Approach","authors":"Abdul Azim Abou Zaid","doi":"10.55188/ijifarabic.v11i1.253","DOIUrl":"https://doi.org/10.55188/ijifarabic.v11i1.253","url":null,"abstract":"Financial intermediation is the core of banking business, as its role is to mediate between the owners of surplus funds and those in need of finance, sharing the generated profit with the funds’ owners. However, financial intermediation does involve some economic risks in terms of concentration of debt in financial institutions and the possibility of the inability of the financed clients to repay their debts. When this happens, financial crises are inevitable, as occurred in the last financial crisis in 2008. Islamic finance does not differ in this regard from its traditional counterparts, because the concentration of debts also holds on the concept of Islamic institutional finance, and the possibility of collective default is possible herein if no sufficient protective measures are taken by legislators to prevent this possibility. The study treats the issue of financial intermediation and its risks from Maqasidi aspect using home finance as a point of comparison between conventional home finance with Islamic home finance in terms of their economic effects. The study eventually proposes a model for home financing that is free of these cautions.","PeriodicalId":322283,"journal":{"name":"مجلة إسرا الدولية للمالية الإسلامية","volume":"50 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-29","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"123211913","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
引用次数: 0
Adequacy of Islamic Banks and Financial Stability 伊斯兰银行的充分性与金融稳定
مجلة إسرا الدولية للمالية الإسلامية Pub Date : 2020-06-28 DOI: 10.55188/ijifarabic.v11i1.252
Younes Soualhi
{"title":"Adequacy of Islamic Banks and Financial Stability","authors":"Younes Soualhi","doi":"10.55188/ijifarabic.v11i1.252","DOIUrl":"https://doi.org/10.55188/ijifarabic.v11i1.252","url":null,"abstract":"Since their inception, Islamic banks adhered to capital adequacy requirements promulgated by the Basel accord. Despite the profit and loss sharing and shariah compliance feature of Islamic banks, their technical operations in managing capital adequacy are not very much different from conventional banks in terms of provisioning for Tier 1 and Tier 2 capital. This study aims at highlighting the capital requirements for Islamic banks as delineated by the Basel accord and Islamic financial services Board (IFSB), adopting a comparative approach. It also aims at highlighting the impact of capital adequacy ratios on the financial stability, allowing Islamic banks to undertake their intermediary function at normal or stress situations. The study analyzed IFSB’s outlook on 20 Muslim countries and their capital adequacy ratios as per 2018 Financial stability Report. The research observed that IFSB’s statistics on Capital adequacy are clear indications on the positive impact on a number of variables. This would include liquidity, rise of Islamic banking assets, increased profitability, decline of non-performing financing portfolios, and an effective risk management especially those related to mudarabah and musharakah and displaced commercial risk (DCR). The analysis of IFSB’s statistics have led this research to conclude that capital adequacy ratios of Islamic banks contribute towards the overall financial stability. Besides, IFSB standard on capital adequacy may improve the performance of Islamic banks if the risk-weighted ratios for Islamic financial products are implemented as proposed in the standard. It was finally concluded that the Gulf states focused more on equity based sukuk compared to Malaysia that focused on debt based sukuk to meet Tier 2 capital.","PeriodicalId":322283,"journal":{"name":"مجلة إسرا الدولية للمالية الإسلامية","volume":"12 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2020-06-28","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"128961942","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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