- How it works
"Christmas Offer"
Terms & conditions.
As the Christmas season is upon us, we find ourselves reflecting on the past year and those who we have helped to shape their future. It’s been quite a year for us all! The end of the year brings no greater joy than the opportunity to express to you Christmas greetings and good wishes.
At this special time of year, Research Prospect brings joyful discount of 10% on all its services. May your Christmas and New Year be filled with joy.
We are looking back with appreciation for your loyalty and looking forward to moving into the New Year together.
"Claim this offer"
In unfamiliar and hard times, we have stuck by you. This Christmas, Research Prospect brings you all the joy with exciting discount of 10% on all its services.
Offer valid till 5-1-2024
We love being your partner in success. We know you have been working hard lately, take a break this holiday season to spend time with your loved ones while we make sure you succeed in your academics
Discount code: RP0996Y
Useful Links
How much will your dissertation cost?
Have an expert academic write your dissertation paper!
Dissertation Services
Get unlimited topic ideas and a dissertation plan for just £45.00
Order topics and plan
Get 1 free topic in your area of study with aim and justification
Yes I want the free topic
5 Dissertation Topics on Islamic Finance
Published by Owen Ingram at January 9th, 2023 , Revised On October 5, 2023
Introduction
Islamic finance is a means of finance followed and undertaken by financial corporations (banks and lending institutions) in the Muslim world and Islamic companies operating in the Western world.
Islamic finance helps these companies raise finance following the Sharia law, also known as Islamic law. Islamic finance also refers to the different types of investments that are allowed under Sharia or Islamic law.
Islamic law outlines certain rules and regulations that need to be followed. One main rule of understanding Islamic banking and finance is avoiding interest (also known as riba). Since Islamic law views interest payments as favouring the lender, who is charging interest at the borrower’s expense, these payments are considered haram (prohibited) under the Islamic law of finance.
In contrast to the traditional banking method, Islamic finance and Islamic banking work with the sole purpose of contributing to the socio-economic goals of the society by placing its focus on profit-sharing schemes.
Profit banking, under which the financial institution shares its profits and losses, is considered halal (permissible) under Islamic finance law.
On the other hand, traditional banking is based on profits through halal or haram means of doing business, which is why this form of banking is discouraged under Islamic rules and teachings.
Considering Islamic Finance as a burgeoning field, this topic must be studied in-depth. Here are five dissertation topics on Islamic finance that will help understand the subject comprehensively:
These topics have been developed by PhD qualified writers of our team , so you can trust to use these topics for drafting your dissertation.
You may also want to start your dissertation by requesting a brief research proposal from our writers on any of these topics, which includes an introduction to the topic, research question , aim and objectives , literature review along with the proposed methodology of research to be conducted. Let us know if you need any help in getting started.
Check our dissertation examples to get an idea of how to structure your dissertation .
Review the full list of dissertation topics for 2022 here.
2022 Dissertation Topics on Islamic Finance
Topic 1: the role of islamic finance in financial inclusion among young working adults in the uk.
Research Aim: This research aims to find the role of Islamic finance in financial inclusion among young working adults in the UK. It will find how Islamic finance, through various aspects such as Islamic banking, investments, lending, etc., attract young working individuals to become a part of the UK financial system. Moreover, it will analyze how such as marketing, etc. Islamic financial institutions make Islamic finance more accessible and easier to manage for the young working individuals from various fields of life in the UK.
Topic 2: COVID-19 and Islamic Finance: Impact of COVID-19 on the Growth of Islamic Banking in Indonesia
Research Aim: This study will assess the impact of COVID-19 on the growth of Islamic banking in Indonesia. It will analyze the effects of COVID-19 on various Islamic banking operations in Indonesia. It will also show what strategies Islamic banks used to curb the aftereffects of COVID-19. Moreover, it will analyze its impact on profits, the number of accounts opened, lending, investments, etc., to show how did COVID-19 affect Islamic banking growth in Indonesia.
Topic 3: Islamic vs. Conventional Finance: A Study to Find the Impact of Islamic and Conventional Instruments on the Financial Sector Stability in Pakistan
Research Aim: This research intends to find the impact of Islamic and conventional instruments (bonds, investments, mortgages, etc.) on the financial sector stability in Pakistan. It will review how Islamic and conventional instruments operates in Pakistan and the difference in demands for both instruments among various individuals. Moreover, it will show how it affects the overall financial sector in Pakistan and the overall economy through investment, mortgages, lending, employment generation, banking sector growth, and financial inclusion.
Topic 4: Islamic vs. Conventional Bonds, which Absorb Global Economic Shocks Better? A Case of Sukuk vs. Conventional International Bonds during COVID-19
Research Aim: This study compares Islamic and conventional bonds to absorbing global economic shocks such as high inflation, high oil and gas prices, global economic uncertainty, global pandemics, supply chain disruptions, etc. It will compare how the performance of Islamic and conventional bonds varies with the global financial situation. It will use COVID-19 as a case study of how it affected the returns on Islamic vs. conventional bonds. Moreover, it will show how global economic and political power affects these bonds.
Topic 5: Is Islamic Finance Acceptable in Wall Street? The Role Played by Islamic Financial Companies in the US Financial Sector
Research Aim: This research sheds light on the role played by Islamic financial companies in the US financial sector. It will find how Islamic companies are listed on the New York stock exchange (NYSE) and other major exchanges in the US? How do these companies raise capital in the US? What is their financial performance as compared to their non-Islamic counterparts? Moreover, it will determine whether these companies have significant contributions to the US economy or are still outcasts?
Covid-19 Islamic Finance Research Topics
Topic 1: impact of coronavirus on islamic finance.
Research Aim: This study will address the impact of Coronavirus on Islamic finance.
Topic 2: The role of Islamic finance during COVID-19
Research Aim: This study will address the contribution and implications of Islamic finance during COVID-19.
Topic 3: Global Islamic banking and COVID-19
Research Aim: This study will focus on the situation of global Islamic banking, including the challenges and measures to overcome those challenges during COVID-19.
Islamic Finance Research Topics 2021
Topic 1: international conference on islamic finance 2021.
Research Aim: This research aims to conduct an in-depth study of the international conference on Islamic finance 2021.
Topic 2: Entrepreneurship in Islam- a literature review
Research Aim: This research aims to identify the role of entrepreneurship in Islam and conduct a literature review to draw evidence-based conclusions.
Topic 3: Customers satisfaction with Islamic banking
Research Aim: This research aims to evaluate the customer’s satisfaction with Islamic banking
Topic 4: Concept of profitability in Islamic Vs. Conventional banks
Research Aim: This research aims to conduct a comparative study on the concept of profitability in Islamic and Conventional banks.
Evaluating the Islamic Types of Investments – Which One is the Most Profitable?
Research Aim: Islamic finance is a vast field. To understand how it works and what opportunities it presents, we must understand its offers. Among the different types of Islamic finances available, the various sources of Islamic funds, etc. There are different types of Islamic investment opportunities one can invest in.
As a religion, Islam does not allow interest earned on any investment. This study will be an exciting one. The thesis will discuss all the available types of Islamic investments and the type of returns they offer.
Each investment instrument will be evaluated based on what it offers and how people can earn a return on their investments. This research will be based on statistics and qualitative data and discuss which type of investment could be the most profitable.
Understanding the Fundamentals of Islamic Finance and How it Works
Research Aim: Islamic finance is an exciting field. The more you learn about it, the more curious you become about how it operates, what rules and standards it follows, and what returns the system offers.
This research will explore the basics of Islamic finance, i.e. how the system was developed, its guiding principles, and the rules and regulations set. Most importantly, the research will cite examples from the Holy Quran and include fatwas from renowned Muslim scholars regarding investment and finance.
The thesis will prove a stepping stone for researchers looking to learn Islamic finance and how it should be implemented for the best outcome for the borrower and the investor.
How Can ResearchProspect Help?
ResearchProspect writers can send several custom topic ideas to your email address. Once you have chosen a topic that suits your needs and interests, you can order for our dissertation outline service which will include a brief introduction to the topic, research questions , literature review , methodology , expected results , and conclusion . The dissertation outline will enable you to review the quality of our work before placing the order for our full dissertation writing service !
Comparative Study of Traditional and Islamic Finance
Research Aim: Traditional banking is something that everyone is aware of. From basic accounts to loans and investment opportunities, banks offer their customers all sorts of money-making opportunities. However, they charge interest on loans and offer interest payments to account holders and different investment schemes.
This is exactly the opposite of what Islamic banking offers. Islamic finance and banks run on a basic rule of profit and loss sharing. If the bank or financial institution earns profits, they are shared according to a certain fixed percentage. In cases where the institutions suffer losses, the same is shared/deducted from investors’ earnings.
This thesis will focus on the main difference between the two types of banking, focusing on investment instruments, etc. The research will then conclude which banking is favourable for society and how people can gain more.
Islamic Finance and Economic Development: How Does Islamic Finance Law Contribute?
Research Aim: Many Islamic finance proponents argue that Islamic Finance helps people earn more in the right manner. Still, it also helps them build a society and contribute to the well-being of people.
This study will discuss how finance and banking help individuals borrow and lend and how Islamic finance contributes to societies’ economic development.
The thesis will conclude by suggesting new and innovative ways for the banking and finance industry to help people struggling with finances and assist the economy by offering friendly investment opportunities and loans.
How Interest-Free is Islamic Interest-Free Banking?
Research Aim: Islamic finance is usually considered a system that does not directly benefit the people. Many experts believe that Islamic finance is interest-free only on the surface but applies interest as ‘hidden charges’ or renames the term ‘interest.’
While this holds for a few financial institutions, the bigger picture might be a little different. Islamic finance is interest-free and can run successfully if appropriately and implemented accurately, as many Islamic researchers claimed.
This research will provide an in-depth analysis of how successful Islamic finance has been, how it works interest-free, and how people benefit from it. The research will also negate notions of Islamic finance, i.e. the system is not interest-free. Moreover, the thesis will investigate how the system works concerning Islamic teachings and how people benefit from them.
Important Notes:
As a student of Islamic finance looking to get good grades, it is essential to develop new ideas and experiment on existing Islamic finance theories – i.e., to add value and interest in your research topic.
Islamic finance is vast and interrelated to many other academic disciplines like finance, management , and project management . That is why it is imperative to create an Islamic finance dissertation topic that is particular, sound, and actually solves a practical problem that may be rampant in the field.
We can’t stress how important it is to develop a logical research topic based on your entire research. There are several significant downfalls to getting your topic wrong; your supervisor may not be interested in working on it, the topic has no academic creditability, the research may not make logical sense, and there is a possibility that the study is not viable.
This impacts your time and efforts in writing your dissertation , as you may end up in the cycle of rejection at the initial stage of the dissertation. That is why we recommend reviewing existing research to develop a topic, taking advice from your supervisor, and even asking for help in this particular stage of your dissertation.
While developing a research topic, keeping our advice in mind will allow you to pick one of the best Islamic finance dissertation topics that fulfil your requirement of writing a research paper and add to the body of knowledge.
Therefore, it is recommended that when finalizing your dissertation topic, you read recently published literature to identify gaps in the research that you may help fill.
Remember- dissertation topics need to be unique, solve an identified problem, be logical, and be practically implemented. Please look at some of our sample Islamic finance dissertation topics to get an idea for your own dissertation.
How to Structure your Islamic Finance Dissertation
A well-structured dissertation can help students to achieve a high overall academic grade.
- A Title Page
- Acknowledgements
- Declaration
- Abstract: A summary of the research completed
- Table of Contents
- Introduction: This chapter includes the project rationale, research background, key research aims and objectives, and the research problems. An outline of the structure of a dissertation can also be added to this chapter.
- Literature Review : This chapter presents relevant theories and frameworks by analysing published and unpublished literature on the chosen research topic to address research questions . The purpose is to highlight and discuss the selected research area’s relative weaknesses and strengths whilst identifying any research gaps. Break down the topic and key terms that can positively impact your dissertation and your tutor.
- Methodology : The data collection and analysis methods and techniques employed by the researcher are presented in the Methodology chapter, which usually includes research design , research philosophy, research limitations, code of conduct, ethical consideration, data collection methods, and data analysis strategy .
- Findings and Analysis : Findings of the research are analysed in detail under the Findings and Analysis chapter. All key findings/results are outlined in this chapter without interpreting the data or drawing any conclusions. It can be useful to include graphs, charts, and tables in this chapter to identify meaningful trends and relationships.
- Discussion and Conclusion : The researcher presents his interpretation of results in this chapter and states whether the research hypothesis has been verified or not. An essential aspect of this section of the paper is to link the results and evidence from the literature. Recommendations with regards to implications of the findings and directions for the future may also be provided. Finally, a summary of the overall research, along with final judgments, opinions, and comments, must be included in the form of suggestions for improvement.
- References : This should be completed following your University’s requirements
- Bibliography
- Appendices : Any additional information, diagrams, and graphs used to complete the dissertation but not part of the dissertation should be included in the Appendices chapter. Essentially, the purpose is to expand the information/data.
About ResearchProspect Ltd
ResearchProspect is a UK based academic writing service that provides help with Dissertation Proposal Writing , PhD. Proposal Writing , Dissertation Writing , Dissertation Editing, and Improvement .
Our team of writers is highly qualified. They are experts in their respective fields. They have been working for us for a long time. Thus, they are well aware of the issues and the trends of the subject they specialize in.
Free Dissertation Topic
Phone Number
Academic Level Select Academic Level Undergraduate Graduate PHD
Academic Subject
Area of Research
Frequently Asked Questions
How to find islamic finance dissertation topics.
To find Islamic finance dissertation topics:
- Study recent industry developments.
- Explore Sharia-compliant financial issues.
- Analyze ethical and economic aspects.
- Review case studies and challenges.
- Consult experts or professors.
- Select a topic aligning with your passion and career goals.
You May Also Like
Need interesting and manageable Brexit dissertation topics? Here are the trending Brexit dissertation titles so you can choose the most suitable one.
Go through some of the dissertation topics related to Forensic science given below, with their research aim, and get an idea to begin your dissertation.
The study of cognitive psychology focuses on how the brain processes and stores information. The underlying mechanisms are investigated using experimental methods, computer modeling, and neuropsychology.
As Featured On
USEFUL LINKS
LEARNING RESOURCES
COMPANY DETAILS
Splash Sol LLC
- How It Works
Islamic Finance المالية الإسلامية
Getting started, other resources, getting help, introduction.
This LibGuide is just a portal to highlight our Islamic Finance collection and to serve as a starting point for your research. We are here to help, so please contact us if you have any questions!
Encyclopedias
- Encyclopedia and islamic finance - edited by Aly Khorshid. This is THE definitive guide to Islamic Finance! A collection from diverse sources from the finance industry to governmental financial departments bringing up to date the debates surrounding Islamic finance by tapping into the breadth of knowledge and expertise that is creating a hugely successful industry.
Introductory Books in English
HOLLIS Classic
Access to the collections at major research libraries all over the world. Search terms are the same as for Hollis
- WorldCat (FirstSearch) Access to the collections at major research libraries all over the world. Search terms are the same as for Hollis. more... less... WorldCat is a union (i.e. collective) catalog of records of any type of material (books, periodicals, scores, films, recordings, etc.) cataloged by over 41,000 OCLC (Online Computer Library Center) member libraries, primarily but not exclusively, from libraries in the United States, but extending to 82 other nations. There are more than 47 million records in the WorldCat database, whose scope includes everything from Babylonian inscriptions to e-books. This database is used to verify citations of items not found in the HOLLIS Catalog, possibly to find a local holding library, or to provide accurate citations for interlibrary loan requests. OCLC adds evaluative content to WorldCat bibliographic records such as tables of contents, cover art, book summaries, and notes about authors. A search for archives and manuscripts should include ArchivesUSA and Archive Grid (both Harvard Libraries E-Resources) as well as WorldCat.
Subject Guide
Subject-Specific and Multidisciplinary Indexes for Articles
- JSTOR This full-text database spans many disciplines, primarily in the humanities and social sciences. more... less... Includes all titles in the JSTOR collection, excluding recent issues. JSTOR (www.jstor.org) is a not-for-profit organization with a dual mission to create and maintain a trusted archive of important scholarly journals, and to provide access to these journals as widely as possible. Content in JSTOR spans many disciplines, primarily in the humanities and social sciences. For complete lists of titles and collections, please refer to http://www.jstor.org/about/collection.list.html.
- PAIS International (Harvard Login) Multidisciplinary resource. "PAIS indexes publications in English, French, German, Italian, Portuguese, and Spanish. The database is comprised of abstracts of thousands of journal articles, books, directories, conference proceedings, government documents and statistical yearbooks." more... less... PAIS International indexes the public and social policy literature of public administration, political science, economics, finance, international relations, law, and health care, International in scope, PAIS indexes publications in English, French, German, Italian, Portuguese, and Spanish. The database is comprised of abstracts of thousands of journal articles, books, directories, conference proceedings, government documents and statistical yearbooks.
- Academic Search Premier (Harvard Login) A multi-disciplinary database that includes citations and abstracts from over 4,700 scholarly publications (journals, magazines and newspapers). more... less... Academic Search Premier (ASP) is a multi-disciplinary database that includes citations and abstracts from over 4,700 scholarly publications (journals, magazines and newspapers). Full text is available for more than 3,600 of the publications and is searchable.
- Google Scholar Use this Harvard-proxied link to get free, full text, scholarly articles
Topical Journals
- Berkeley Journal of Middle Eastern & Islamic law The Berkeley Journal of Middle Eastern & Islamic Law is a US-based law journal that covers relevant topics in Middle Eastern, Islamic, and comparative law.
- Arab law quarterly Published on behalf of: the Society of Arab Comparative and International Law.
- Islamic law and society Provides a forum for research in the field of classical and modern Islamic law, in Muslim and non-Muslim countries. Articles are published in French or English.
- UCLA journal of Islamic and Near Eastern Law The UCLA Journal of Islamic and Near Eastern Law contains the full text of documents that are dedicated to the scholarly review of legal issues that are of importance to Muslims and Near Easterners.
- The journal of Islamic law & culture The Journal of Islamic Law & Culture contains the full text of documents that are dedicated to the understanding of Islamic law and culture in America's legal, religious, and Muslim communities.
- Majallat al-sharīʻah wa-al-dirāsāt al-Islāmīyah Alternate title: Journal of shari’a and Islamic studies. Articles are mainly in Arabic with some in English.
- Islamic Law & Law of the Muslim World eJournal The only Social Science Research Network (SSRN) journal that focuses on this area of law, the Islamic Law and Law of the Muslim World Research Paper Series at New York Law School.
Fatawa - Religious Rulings
- Fatawa - Muslim World League (Makkah) The Muslim World League was founded in accordance with a resolution adopted during the meeting of the General Islamic Conference, which was held in Holy Makkah on the 14th of Dhul Hijjah 1381 Hijra corresponding to the 18th May 1962. Affiliations: - The United Nations Organization: Observer in consultative status with the ECOSOC. - Organization of the Islamic Conference: Observe status in attendance at all meetings and conferences. - ISESCO: Member - UNICEF: Member
- Islamic Finance Glossary This glossary is not limited to Islamic terms and contains Arabic and English terms that are also referred to in the study of Islamic economics, banking and insurance.
- Shari'ah Rulings and Finance In practice, the permissibility or otherwise of a transaction or business activity is governed by the Shari'ah, that provides the framework for a set of rules and laws, governing economic, social, political, and cultural aspects of Islamic societies.
- Glossary Definition of Major Islamic Finance Terms
- http://www.djindexes.com/islamicmarket/ The Dow Jones Islamic Market
- Global Islamic Finance Magazine Subscription required for full access
- Islamic economic institutions Timur Kuran From The New Palgrave Dictionary of Economics, Second Edition, 2008 Edited by Steven N. Durlauf and Lawrence E. Blume
- Islamic finance Mahmoud El-Gamal From The New Palgrave Dictionary of Economics, Online Edition, 2009 Edited by Steven N. Durlauf and Lawrence E. Blume
- The Institute of Islamic Banking and Insurance (IIBI)
- Islamic Financial Services Board (IFSB) IFSB is an international standard-setting organization that promotes and enhances the soundness and stability of the Islamic financial services industry by issuing global prudential standards and guiding principles for the industry, broadly defined to include banking, capital markets and insurance sectors.
Contact Us!
Ask Us! Submit a question or search the knowledge base.
Call Reference Desk, 617-495-4516
Text Ask a Librarian, 617-702-2728
Email research @law.harvard.edu
Chat Open a chat window
Meet Consult a Librarian
Classes View Training Calendar or Request an Insta-Class
Visit Us Library and Reference Hours
- Last Updated: Apr 12, 2024 4:50 PM
- URL: https://guides.library.harvard.edu/law/islamicfinance
Harvard University Digital Accessibility Policy
Islamic Finance: A Literature Review
- First Online: 14 August 2021
Cite this chapter
- M. Kabir Hassan 4 ,
- Ashraf Khan 5 &
- Andrea Paltrinieri 6
783 Accesses
The fundamentals of Islamic Finance are deeply rooted in the Islamic civilization and originated from Islamic jurisprudence and laws. After the global financial crises, it has emerged as an alternative system of conducting financial affairs based on mutual risk-sharing with a lower level of systemic risk to mitigate social inequalities and uplift the unprivileged segment of society. Consequently, a large body of research has developed discussing theoretically and empirically the different segments of Islamic finance. This study content analyzed 92 articles published in important mainstream journals indexed both in Scopus and Web of Science (WOS). The results reveal that Islamic financial institutions and instruments, in general, have a robust structure of corporate governance, better asset quality, and are less exposed to systemic risk than their counterpart.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Subscribe and save.
- Get 10 units per month
- Download Article/Chapter or eBook
- 1 Unit = 1 Article or 1 Chapter
- Cancel anytime
- Available as PDF
- Read on any device
- Instant download
- Own it forever
- Available as EPUB and PDF
- Compact, lightweight edition
- Dispatched in 3 to 5 business days
- Free shipping worldwide - see info
- Durable hardcover edition
Tax calculation will be finalised at checkout
Purchases are for personal use only
Institutional subscriptions
Adejoke, A.-U., Hassan, T., Mohd, R., Mohamad, S., & Hassan, M. K. (2013). Is the long term-profit rate of Malaysian Sukuk a good predictor or short term profit rate? Capital Markets Review, 21 , 67–87.
Google Scholar
Ahmad, A. U. F., & Hassan, M. K. (2006). The time value of money concept in Islamic finance. The American Journal of Islamic Social Sciences, 23 (1), 66–89.
Ahmed, H., Hassan, M. K., & Rayfield, B. (2018). When and why firms issue Sukuk? Managerial Finance, 44 (6), 774–786. https://doi.org/10.1108/MF-06-2017-0207 .
Article Google Scholar
AlAbbad, A., Hassan, M. K., & Saba, I. (2019). Can Shariah board characteristics influence risk-taking behavior of Islamic banks? International Journal of Islamic and Middle Eastern Finance and Management . https://doi.org/10.1108/IMEFM-11-2018-0403 .
Alalmai, S., Al-Awadhi, A. M., Hassan, M. K., & Turunen-Red, A. (2018). Capital structure determinants in Saudi Arabia: A natural experiment. Journal of Islamic Accounting and Business Research .
Alam, N., Hassan, M. K., & Haque, M. A. (2013). Are Islamic bonds different from conventional bonds? International evidence from capital market tests. Borsa Istanbul Review, 13 (3), 22–29. https://doi.org/10.1016/j.bir.2013.10.006 .
Alhenawi, Y., & Hassan, M. K. (2013). What does the US REIT market has in store for nonconventional investors? The case of Shariah compliance? Journal of Investing, 22 (4), 1–22. https://doi.org/10.3905/joi.2013.22.4.061 .
Alhomaidi, A., Hassan, M. K., Hippler, W. J., & Mamun, A. (2019). The impact of religious certification on market segmentation and investor recognition. Journal of Corporate Finance, 55 , 28–48. https://doi.org/10.1016/j.jcorpfin.2018.08.012 .
Alhomaidi, A., Hassan, M. K., Zirek, D., & Alhassan, A. (2018). Does an Islamic label cause stock price comovements and commonality in liquidity? Applied Economics, 50 (59), 6444–6457. https://doi.org/10.1080/00036846.2018.1486023 .
Alshater, M. M., Hassan, M. K., Khan, A., & Saba, I. (2020). Influential and intellectual structure of Islamic finance: A bibliometric review. International Journal of Islamic and Middle Eastern Finance and Management, 14 (2), 339–365.
Al-Suwailem, S., & Hassan, M. K. (2012). An Islamic perspective of financial engineering. In M. K. Hassan & M. Mahlknecht (Eds.), Islamic capital markets: Products and strategies (pp. 385–400).
Azmat, S., Hassan, M. K., Ghaffar, H., & Azad, A. S. (2020). State contingent banking and asset price bubbles: The case of Islamic banking industry. Global Finance Journal , 100531. https://doi.org/10.1016/j.gfj.2020.100531 .
Bekri, M., Hassan, M. K., & Alam, N. (2017). On the dependency structure of Islamic assets. In M. K. Hassan (Ed.), Handbook of empirical research on Islam and economic life . Edward Elgar.
Bin Mahfouz, S., & Hassan, M. K. (2012). A comparative study between the investment characteristics of Islamic and conventional equity mutual funds in Saudi Arabia. The Journal of Investing, 21 (4), 128–143. https://doi.org/10.3905/joi.2012.21.4.128 .
Bin Mahfouz, S., & Hassan, M. K. (2013). Sustainable and socially responsible investing. Humanomics . https://doi.org/10.1108/H-07-2013-0043 .
Castro, E., Hassan, M. K., Rubio, J. F., & Halim, Z. A. (2020). Relative performance of religious and ethical investment funds. Journal of Islamic Accounting and Business Research . https://doi.org/10.1108/JIABR-04-2019-0084 .
Chuweni, N. N., Eves, C., Hoang, V. N., Isik, I., & Hassan, M. K. (2017). How efficient are alternative financial institutions? An empirical investigation of Islamic REITs in Malaysia. Journal of Real Estate Literature, 25 (1), 107–139.
Dharani, M., Hassan, M. K., & Paltrinieri, A. (2019). Faith-based norms and portfolio performance: Evidence from India. Global Finance Journal, 41 , 79–89. https://doi.org/10.1016/j.gfj.2019.02.001 .
El-Din, S. E. D. T., & Hassan, M. K. (2007). Islam and speculation in the stock exchange. In M. K. Hassan & M. K. Lewis (Eds.), Handbook of Islamic banking (p. 240). Edward Elgar.
Elfakhani, S. M., Hassan, M. K., & Sidani, Y. M. (2007). Islamic mutual funds. Handbook of Islamic banking , 256.
Elnahas, A. M., Hassan, M. K., & Ismail, G. M. (2017a). Religion and ratio analysis: Towards an Islamic corporate liquidity measure. Emerging Markets Review, 30 , 42–65. https://doi.org/10.1016/j.ememar.2016.09.001 .
Elnahas, A. M., Hassan, M. K., & Ismail, G. M. (2017b). Religion and mergers and acquisitions contracting: The case of earnout agreements. Journal of Corporate Finance, 42 , 221–246. https://doi.org/10.1016/j.jcorpfin.2016.11.012 .
Erragragui, E., Hassan, M. K., Peillex, J., & Khan, A. N. F. (2018). Does ethics improve stock market resilience in times of instability? Economic Systems, 42 (3), 450–469. https://doi.org/10.1016/j.ecosys.2017.09.003 .
Girard, E. C., & Hassan, M. K. (2008). Is there a cost to faith-based investing: Evidence from FTSE Islamic indices. The Journal of Investing, 17 (4), 112–121. https://doi.org/10.3905/JOI.2008.17.4.112 .
Grassa, R., & Hassan, M. K. (2015). Islamic finance in France: Current state, challenges and opportunities. International Journal of Islamic Economics and Finance Studies, 1 (1), 65–80.
Grira, J., Hassan, M. K., & Soumaré, I. (2016). Pricing beliefs: Empirical evidence from the implied cost of deposit insurance for Islamic banks. Economic Modelling, 55, 152–168. https://doi.org/10.1016/j.econmod.2016.01.026 .
Grira, J., Hassan, M. K., Labidi, C., & Soumaré, I. (2019). Equity pricing in Islamic banks: International evidence. Emerging Markets Finance and Trade, 55 (3), 613–633. https://doi.org/10.1080/1540496X.2018.1451323 .
Halim, Z. A., How, J., Verhoeven, P., & Hassan, M. K. (2019). The value of certification in Islamic bond offerings. Journal of Corporate Finance, 55 , 141–161. https://doi.org/10.1016/j.jcorpfin.2018.09.002 .
Hassan, M. K., Sheikh, S., & Kayhan, S. (2020). Introduction to Islamic banking and finance . World Scientific Press.
Book Google Scholar
Hassan, A., Hassan, M. K., Rubio, J., Ozkan, B., & Merdad, H. (2017). Coskewness in Islamic, socially responsible and conventional mutual funds: An asset pricing test. International Journal of Business and Society, 18, S1.
Hassan, K., & Mahlknecht, M. (2011). Islamic capital markets: Products and strategies (Vol. 609, p. 452). Wiley.
Hassan, K. M., & Girard, E. (2010). Faith-based ethical investing: The case of Dow Jones Islamic indexes. Islamic Economic Studies , 17 (2).
Hassan, K., Rubio, J. F., Hassan, M. K., & Merdad, H. J. (2012). Non-parametric performance measurement of international and Islamic mutual funds . Accounting Research Journal . https://doi.org/10.1108/10309611211290176 .
Hassan, M. K. (2005). Return volatility, predictability and dynamic relationships in the stock markets of the member countries of the organization of Islamic conference, 7. In M. Iqbal (Ed.), Islamic perspectives on sustainable development (pp. 185–213). Palgrave Macmillan.
Hassan, M. K. (Ed.). (2016). Handbook of empirical research on Islam and economic life . Edward Elgar.
Hassan, M. K., & Aliyu, S., (2018). A contemporary survey of Islamic banking literature. Journal of Financial Stability, 34 , 12–43.
Hassan, M. K., & Hippler, W. (2014). Entrepreneurship and Islam: An overview. Econ Journal Watch, 11 (2), 170–178. Available at SSRN 3263110.
Hassan, M. K., & Kayed, R. N. (2009). The global financial crisis, risk management and social justice in Islamic finance. Risk Management and Social Justice in Islamic Finance .
Hassan, M. K., & Lewis, M. K. (Eds.). (2014). Handbook on Islam and economic life . Edward Elgar. https://doi.org/10.4337/9781783479825 .
Hassan, M. K., & Ngene, G. (2012). Momentum and nonlinear price discovery in sovereign credit risk and equity markets of the organization of Islamic Cooperation (OIC) Countries. Jurnal Ekonomi Malaysia , 46 (2).
Hassan, M. K., & Saraç, M. (Ed.) (2020). Islamic perspectives on sustainable financial system . Istanbul University Press (IUPRESS).
Hassan, M. K., & Soumaré, I. (2015). Guarantees and profit-sharing contracts in project financing. Journal of Business Ethics, 130 (1), 231–249. https://doi.org/10.1007/s10551-014-2201-0 .
Hassan, M. K., & Yu, J. S. (2007). The globalization and stock exchanges alliances in organization of Islamic Conferences (OIC) Countries. Review of Islamic Economics, 11 (Special Issue), 123–148.
Hassan, M. K., Aliyu, S., & Hussain, M. (2019a). A contemporary review of Islamic finance and accounting literature. The Singapore Economic Review , 1–38. https://doi.org/10.1142/S0217590819420013 .
Hassan, M. K., Aliyu, S., Paltrinieri, A., & Khan, A. (2019b). A review of Islamic investment literature. Economic Papers: A Journal of Applied Economics and Policy, 38 (4), 345–380. https://doi.org/10.1111/1759-3441.12230 .
Hassan, M. K., Karim, M. S., & Muneezac, A. (2020). A conventional and Sharīʿah analysis of Bitcoin. Arab Law Quarterly , 1 (aop), 1–35.
Hassan, M. K., Kayed, R. N., & Oseni, U. A. (2013). Introduction to Islamic banking & finance . Pearson Education Limited.
Hassan, M. K., Khan, A. N. F., & Ngow, T. (2010). Is faith‐based investing rewarding? The case for Malaysian Islamic unit trust funds. Journal of Islamic Accounting and Business Research . https://doi.org/10.1108/17590811011086732 .
Hassan, M. K., Miglietta, F., Paltrinieri, A., & Floreani, J. (2018). The effects of Shariah board composition on Islamic equity indices’ performance. Business Ethics: A European Review, 27 (3), 248–259. https://doi.org/10.1111/beer.12185 .
Hassan, M. K., Paltrinieri, A., Dreassi, A., Khan, A., & Bahoo, S. (2020). A bibliometric review of takaful literature. International Review of Economics & Finance .
Hassan, M. K., Rashid, M., & Aliyu, S. (Eds.). (2019c). Islamic corporate finance . Routledge.
Hassan, M. K., Rashid, M., Wei, A. S., Adedokun, B. O., & Ramachandran, J. (2019d). Islamic business scorecard and the screening of Islamic businesses in a cross-country setting. Thunderbird International Business Review, 61 (5), 807–819. https://doi.org/10.1002/tie.22038 .
Hassan, M. K., Alam, A. W., & Sarac, M. (2020a). Circular economy, sustainable development, and the role of Islamic finance. In M. K. Hassan & M. Sarac (Eds.). Sustainability, growth, and finance from Islamic perspective . Istanbul University Press.
Hassan, M. K., Aliyu, S., Saiti, B., & Halim, Z. A. (2020b). A review of Islamic stock market, growth and real estate finance literature. International Journal of Emerging Market, Special Issue.
Hassan, M. K., Muneeza, A., & Sarea, A. (Eds.). (2020). Impact of COVID-19 and Islamic social finance . Routledge.
Hayat, R., & Hassan, M. K. (2017). Does an Islamic label indicate good corporate governance? Journal of Corporate Finance, 43, 159–174. https://doi.org/10.1016/j.jcorpfin.2016.12.012 .
Hussein, K., & Omran, M. (2005). Ethical investment revisited: Evidence from Dow Jones Islamic indexes. The Journal of Investing, 14 (3), 105–126.
IFSB. (2020). Islamic financial services industry stability report . Kuala Lumpur, Malaysia: Islamic Financial Services Board.
Jung-Suk Yu, M. Kabir, H. (2013). Rational speculative bubbles in the OIC stock markets. IIUM Journal of Economics and Management, 17 (1), 97–131.
Kayed, R. N., & Hassan, M. K. (2010). Islamic entrepreneurship: A case study of Saudi Arabia. Journal of Developmental Entrepreneurship, 15 (4), 379–413.
Kayed, R. N., & Hassan, M. K. (2011). The global financial crisis and Islamic finance. Thunderbird International Business Review, 53 (5), 551–564. https://doi.org/10.1002/tie.20434 .
Kayed, R. N., Mahlknecht, M., & Hassan, M. K. (2012). The current financial market crisis: Lessons learned, risks and strengths of Islamic capital markets compared to the conventional system. In M. K. Hassan (Ed.), Islamic capital markets: Products and strategies (pp. 359–384).
Kim, D. W., Yu, J. S., & Hassan, M. K. (2020). The influence of religion and social inequality on financial inclusion. The Singapore Economic Review, 65 (01), 193–216. https://doi.org/10.1142/S0217590817460031 .
Lahsasna, A., Hassan, K. M., & Ahmad, R. (2018). Forward lease Sukuk in Islamic capital markets. Springer.
Mehri, M., Hassan, M. K., & Jouaber-Snoussi, K. (2017). Optimal carried interest: Adverse selection in islamic and conventional venture capital and private-equity funds. Emerging Markets Finance and Trade, 53 (7), 1458–1476. https://doi.org/10.1080/1540496X.2016.1166424 .
Mehri, M., Hassan, M. K., Safa, M. F., & Siraj, I. (2020). Do determinants of fees differ between Islamic and conventional funds? International Journal of Finance and Economics , 1–25.
Mehri, M., Jouaber-Snoussi, K., & Hassan, M. K. (2017). Profit-sharing ratio as a screening device in venture capital. In M. K. Hassan (Ed.), Handbook of empirical research on Islam and economic life . Edward Elgar.
Merdad, H. E. S. H. A. M., & Hassan, M. K. (2013). Islamic mutual funds’ performance in Saudi Arabia: Contemporary Islamic finance: Innovations, applications, and best practices (pp. 303–322).
Merdad, H. J., Hassan, M. K., & Hippler, W. J., III. (2015). The Islamic risk factor in expected stock returns: An empirical study in Saudi Arabia. Pacific-Basin Finance Journal, 34, 293–314. https://doi.org/10.1016/j.pacfin.2015.04.001 .
Merdad, H., Hassan, M. K., & Al-Henawi, Y. (2010). Analysis of Islamic versus conventional mutual funds in Saudi Arabia. Journal of King Abdul Aziz University, Islamic Economics, 23 (2), 161–198.
Merdad, H., Hassan, M. K., & Khawaja, M. (2016). Does faith matter in mutual funds investing? Evidence from Saudi Arabia. Emerging Markets Finance and Trade, 52 (4), 938–960. https://doi.org/10.1080/1540496X.2015.1025655 .
Mnif, E., Jarboui, A., Hassan, M. K., & Mouakhar, K. (2020). Big data tools for Islamic financial analysis. Intelligent Systems in Accounting, Finance and Management, 27 (1), 10–21. https://doi.org/10.1002/isaf.1463 .
Oseni, U. A., & Hassan, M. K. (2014). The regulation and supervision of sukuk in global capital markets. In M. K. Hassan (Ed.), Handbook on Islam and economic life . Edward Elgar.
Oseni, U. A., & Hassan, M. K. (2015). Regulating the governing law clauses in Sukuk transactions. Journal of Banking Regulation, 16 (3), 220–249. https://doi.org/10.1057/jbr.2014.3 .
Oseni, U. A., Ahmad, A. U. F., & Hassan, M. K. (2016). The legal implications of ‘Fatwā shopping’in the Islamic finance industry: Problems, perceptions and prospects. Arab Law Quarterly, 30 (2), 107–137.
Oseni, U. A., Hassan, M. K., & Matri, D. (2013). An Islamic finance model for the small and medium-sized enterprises in France. Journal of King Abdul Aziz University: Islamic Economics, 26 (2), 157–186.
Oseni, U., Hassan, M. K., & Ali, N. (2020). Judicial support for the Islamic financial services industry: Towards reform-oriented interpretive Approaches. Arab Law Quarterly .
Paltrinieri, A., Hassan, M. K., Bahoo, S., & Khan, A. (2019). A bibliometric review of Sukuk literature. International Review of Economics & Finance, 69 , 389–405. https://doi.org/10.1016/j.iref.2019.04.004 .
Rashid, A., Hassan, M. K., & Shah, M. A. R. (2020). On the role of Islamic and conventional banks in the monetary policy transmission in Malaysia: Do size and liquidity matter? Research in International Business and Finance , 52 , 101123. https://doi.org/10.1016/j.ribaf.2018.10.006 .
Rashid, M., & Hassan, M. K. (2014). Market values of Islamic banks and ethical identity. American Journal of Islamic Social Sciences, 31 (2), 43–79.
Rashid, M., Hassan, M. K., & Yein, N. Y. (2014). Macroeconomics, investor sentiment, and Islamic stock price index in Malaysia. Journal of Economic Cooperation and Development, 35 (4), 219–234.
Rashid, M., Hassan, M. K., Amin, N., & Samina, Q. S. (2017). Shari’ah compliant companies in Bangladesh. Journal of Islamic Economics Banking and Finance, 13 (2), 129–143.
Sabah, N., & Hassan, M. K. (2019). Pricing of Islamic deposit insurance. Economics Letters, 178 , 91–94. https://doi.org/10.1016/j.econlet.2019.01.013 .
Samad, A., & Hassan, M. K. (2006). The performance of Malaysian Islamic bank during 1984–1997: An exploratory study. International Journal of Islamic Financial Services, 1 (3), 1–14.
Selim, M., & Hassan, M. K. (2019). Interest-free monetary policy and its impact on inflation and unemployment rates. ISRA International Journal of Islamic Finance . https://doi.org/10.1108/IJIF-06-2018-0065 .
Selim, M., & Hassan, M. K. (2020). Qard-al-Hasan-based monetary policy and the role of the central bank as the lender of last resort. Journal of Islamic Accounting and Business Research . https://doi.org/10.1108/JIABR-12-2017-0190 .
Selim, M., Hassan, M. K., & Rahman, M. (2019). Financing super-infrastructures using ISTISNA-SUKUK based monetary policy for faster economic development. Journal of Economic Cooperation & Development, 40 (4), 139–161.
Smolo, E., & Hassan, M. K. (2011). The potentials of mushārakah mutanāqisah for Islamic housing finance. International Journal of Islamic and Middle Eastern Finance and Management . https://doi.org/10.1108/17538391111166476 .
Wahab, A. R. A., Lewis, M. K., & Hassan, M. K. (2007). Islamic takaful: Business models, Shariah concerns, and proposed solutions. Thunderbird International Business Review, 49 (3), 371–396. https://doi.org/10.1002/tie.20148 .
Yousfi, O., & Hassan, M. K. (2014). Moral hazard in Islamic profit–loss sharing contracts and private equity. In M. K. Hassan (Ed.), Handbook on Islam and economic life . Edward Elgar.
Zaher, T. S., & Kabir Hassan, M. (2001). A comparative literature survey of Islamic finance and banking. Financial Markets, Institutions & Instruments, 10 (4), 155–199. https://doi.org/10.1111/1468-0416.00044 .
Zaman, Q. U., Hassan, M. K., Akhter, W., & Meraj, M. A. (2018). From interest tax shield to dividend tax shield: A corporate financing policy for equitable and sustainable wealth creation. Pacific-Basin Finance Journal, 52 , 144–162. https://doi.org/10.1016/j.pacfin.2017.01.003 .
Download references
Author information
Authors and affiliations.
Department of Economics and Finance, University of New Orleans, New Orleans, LA, USA
M. Kabir Hassan
Institute of Business Administration (IBA), Karachi, Pakistan
Ashraf Khan
Department of Economics and Business Administration, Università Cattolica del Sacro Cuore, Milan, Italy
Andrea Paltrinieri
You can also search for this author in PubMed Google Scholar
Corresponding author
Correspondence to M. Kabir Hassan .
Editor information
Editors and affiliations.
Faculty of Economics, Department of Business Administration, Istanbul University, Istanbul, Turkey
Mehmet Saraç
Institute of Business Administration Karachi, Karachi, Pakistan
Rights and permissions
Reprints and permissions
Copyright information
© 2021 The Author(s), under exclusive license to Springer Nature Switzerland AG
About this chapter
Hassan, M.K., Khan, A., Paltrinieri, A. (2021). Islamic Finance: A Literature Review. In: Hassan, M.K., Saraç, M., Khan, A. (eds) Islamic Finance and Sustainable Development . Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-76016-8_5
Download citation
DOI : https://doi.org/10.1007/978-3-030-76016-8_5
Published : 14 August 2021
Publisher Name : Palgrave Macmillan, Cham
Print ISBN : 978-3-030-76015-1
Online ISBN : 978-3-030-76016-8
eBook Packages : Economics and Finance Economics and Finance (R0)
Share this chapter
Anyone you share the following link with will be able to read this content:
Sorry, a shareable link is not currently available for this article.
Provided by the Springer Nature SharedIt content-sharing initiative
- Publish with us
Policies and ethics
- Find a journal
- Track your research
IMAGES
VIDEO
COMMENTS
These topics are discussed in three broad sections covering the overall categories of Islamic economics, Islamic finance, and governance and morality. At the beginning of each section we provide a summary table of the relevant extracted topics that are discussed in that section.
Need interesting and manageable Islamic Finance dissertation topics? Here are the trending Islamic Finance dissertation titles for you.
These topics can range from Islamic banking models and risk management in Islamic finance to the socio-economic impact of Islamic microfinance. With growing global attention on ethical finance, Islamic finance provides a fertile area for academic exploration.
These topics cover economic, finance, and morality issues. Our research can be applied to provide a clear structure for ongoing research agendas in Islamic economics and finance as well as a...
1. Introduction. Research in Islamic economics and nance has advanced considerably since the middle of the last decade. This re ects the practical. fi fl. growth of the area, with now about $1.7 trillion assets under management (EY, 2016).
With focus on the recent upswing from 2015 onwards which contribute 75% of all papers published, we explore the scope and challenges in Islamic finance research. This understanding allows us to identify how the Islamic finance research can be shaped for future and key research gaps still prevalent.
Islamic finance research in the age of financial technology reveals the following broad trends: reflecting on the ESG effect, analyzing financial inclusion, identifying the long-term sustainability of Islamic finance on fintech, and evaluating Islamic finance financial services.
This book provides an overview of the practice of Islamic finance and the historical roots that define its modes of operation. The focus of the book is analytical and forward-looking. It shows that Islamic finance exists mainly as a form of rent-seeking legal-arbitrage.
In this paper, we present the current state of research in Islamic finance by focusing on three spheres of knowledge: Islamic banking, Islamic fund management, and risk management. We also discuss regulatory issues while systematically referring to conventional finance as a benchmark.
The authors discuss various aspects in Islamic social finance after COVID-19 pandemic, such as Sukuk, innovations in Islamic social finance (interaction between Islamic finance and fintech), and Islamic microfinance.