International Journal of Excellence in Islamic Banking and Finance

ISSN: 2220-8291
Volume: 4 Issue: 2


The Islamic economy is commonly referred to as an “interest free” economy in the sense that traditional debt obligations utilising a fixed interest rate are avoided. However, the absence of interest rates does not mean that transactions in the Islamic economy are void of any time value. Time value elements are still present in many Islamic financial contracts, and adjustments in price ...

Scholarly Viewpoint

  • An Analysis of Ethical Values in Islamic Entrepreneurship

      Entrepreneurship is an engine of growth in every society. Studies on the relationship between entrepreneurship and ethics are scanty. Thus, this research is designed to investigate ethical...

  • Bribe in Islam and Its Economic Effects – Viewpoint

    Purpose: This research seeks to clarify the meaning of bribe and its bad effects on economic activity, and to make clear the difference between bribe and gift.

  • Does Risk Sharing Model Have Contributed to the Growth of Takaful?

     Purpose: This paper explores the role of risk sharing model contribution to growth of Takaful by investigating the factors that develop and evolve role of risk sharing over risk...

  • Public Awareness Towards Takaful Concept and Principles: A Survey in Bahrain

     Purpose: This study aims to measure the level of public awareness on Takaful in Bahrain. The study also tests the importance of education in creating p...

  • Islamic Banking and Finance in Post-Soviet Central Asia with Special Reference to Kazakhstan

      Purpose: Since the collapse of the Soviet Union and rise of new nation-states in 1991, the Muslim republics of Central Asia and ...