By Nafis Alam, Syed Aun R. Rizvi
This publication addresses modern empirical matters in Islamic inventory markets together with volatility, potency and Sukuk defaults. The reviews contained inside this booklet think of a mixture of natural Islamic inventory markets and comparative experiences, on the subject of their traditional opposite numbers. The authors offer up to date, powerful, exact, trustworthy empirical enquiries addressing present problems with inventory markets in addition to offering modern info and information to help destiny improvement and research.The publication additionally covers a bankruptcy at the present traits in examine in Islamic capital markets, which analyses a few fresh and prime works to spotlight and point out the gaps in study that require additional exploration. This booklet should be of price to all thosewho desire to achieve a extra thorough realizing of study in Islamic capital markets and the main themes within the box.
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Additional resources for Islamic Capital Markets: Volatility, Performance and Stability
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Novel to this multifaceted mix are Islamic equity markets which have witnessed tremendous growth over the last decade. This suggests a causal relationship between the performance of the stock market and business cycles. This study attempts to analyse the relationship between the volatility of Islamic stock indices and business cycles and assess how Islamic stock fairs compared with conventional stock indices. Spanning over 10 years, our results indicate that across regions, Islamic indices appeared to be more volatile during times of economic downturn and less volatile during the growth phase of a business cycle.
ZADA ET AL. ways. Firstly, they might argue that their purchase of an asset from the third party was a true sale in accordance with the percepts of Shariah as marketed by the originator. However, the strength of this argument would depend on the legal structure of the contract. Secondly, they might argue on constitutional grounds too. If they are treated equal to other creditors and not owners of the assets, the court would force them to violate their religious law and hinder their ability to practice their religion, a violation of the Free Exercise Clause under which the insolvency court cannot stop them from practicing their religion.
Khnifer, M. (2010b). When sukuk default – Asset priority of certificate-holders vis a vis creditors. Opalesque Islamic Finance Intelligence, 11, 9. T. (2012). An introduction to Shari’ah considerations in bankruptcy and insolvency contexts and Islamic finance’s first bankruptcy (East Cameron). abstract_id=1826246 Stephen, F. (2009). Defaults Pose latest Snag in Islamic-Bond market. Wall Street Journal (Eastern edition). New York. com/articles/SB124510859262816907 Stilt, K. (2011). Islamic finance: Bankruptcy, financial distress and debt restructuring: A short report.