Suchergebnisse

A growing number of Muslim countries are expressing the desire, and in some cases taking serious actions, to turn to Islamic laws and teachings (shariah) in modelling their way of life, including their economic behaviour. Attempts to investigate the consequences of applying Islamic principles in Muslim societies. Argues that the traditional tools of economic analysis suggest that Islamic societies are likely to face many problems if they free their economies completely from all traces of interest, impose the religious tax ofZakatin a strict fashion and abandon all kinds of speculation.

Uses logit, probit and discriminant analysis to test for structural differences between the financial characteristics of interest‐free banks and conventional banks. The analysis extends to various financial dimensions which evaluate performance, namely: liquidity, leverage, credit risk, profitability and efficiency. Covers 15 interest‐free banks and 15 conventional banks. The statistical evidence suggests that the two groups of banks may be differentiated in terms of liquidity, leverage and credit risk, but not in terms of profitability and efficiency.

This paper examines the trade relationship between the Gulf Cooperation Council (GCC) and the European Union (EU). A simultaneous equation regression model is developed and estimated to assist with the analysis. The regression results, using both the two stage least squares (2SLS) and ordinary least squares (OLS) estimation methods, reveal the existence of feedback effects between the two economic integrations. The results also show that during times of slack in oil prices, the GCC income from its investments overseas helped to finance its imports from the EU.