Liabilities Sukuk vis-à-vis Equity Sukuk and the Profitability of UAE Islamic Banks

This paper investigates whether the impact of liabilities sukuk on the profitability of UAE Islamic banks differs from that of Tier One (equity) sukuk, using...

Income Sharing Ratio Framework: A Single Pool Income Distribution System Between the Bank and Muḍārabah Depositors

This paper evaluates the Income Sharing Ratio (ISR) as a superior method for profit distribution between Islamic banks and Muḍārabah depositors in Bangladesh, comparing it...

Transformation of the Non-Banking Financial Sector in Pakistan to Islamic Principles: Legal and Regulatory Challenges and Opportunities

As required by the Constitution of Pakistan and advised by the Federal Shariat Court in its 2022 judgment, the entire financial system must be transformed...