Handbook of Empirical Research on Islam and Economic Life

Edited by M. Kabir Hassan, Professor of Finance, Department of Economics and Finance, University of New Orleans, US

• Contents:1. IntroductionPart I: Religion and Growth:1. Social Preferences and Values: An Experimental Analysis for ReligiosityAnwar Shah, Karim Khan and Hayat Khan2. Openness, Culture, Legal Environment and Islamic FinanceKaouthar Gazdar, Rihab Grassa and M. Kabir Hassan3. Islamic Finance in Movement: Public Opinion in the Arab RegionClement HenryPart II: Islamic Social Finance:4. Evaluating The Impact of Zakat by Indicator of Disaggregated Human Development Index: An Empirical FindingMohamad Soleh Nurzaman5. Poverty, Finance and Institutions: Evidence from OIC CountriesMuhammad Tariq Majeed6. The Social and Cultural Impact on Firms’ Access to Finance in an Islamic EnvironmentCharilaos Mertzanis7. Reporting of Zakat and Charitable Activities in Islamic Banks: Theory and Practice in a Multi-cultural Setting Mamunur Rashid, M. Kabir Hassan, How Shi Min and G.M. Wali Ullah8. Achieving Sustainable Economic Development through Islamic Microfinance and Potential of proposed Two Tier Mudarabah Waqf Business ModelMohammad Ashraf Mobin and Abu Umar Faruq Ahmad9. Can Islamic Banking Increase Financial Inclusion?Sami Ben Naceur, Adolfo Barajas and Alexander Massara10. Social tax and transfers for poverty alleviation: A case for low and middle income countriesNasim Shah Shirazi and Anas ZarkaPart III: Islamic Banking and finance11. The Impact of the Global Financial Crisis on Islamic BankingFaisal Alqahtani and David G. Mayes12. Country Governance and the Performance of Islamic and Conventional Banks: International EvidenceFadzlan Sufian, M. Kabir Hassan, Fakarudin Kamarudin and Annuar Md. Nassir13. How Institutions Shape the Gap in Efficiency between Islamic and Conventional BanksLaurent Weill14. Differences between Islamic and Conventional Finance in MalaysiaOlga Krasicka and Sylwia Nowak15. On the Co-existence of Conventional and Islamic Banks: Do These Banks Differ in Business Structure Sajjad Zaheer and Moazzam Farooq16. Macroeconomic Shocks and Islamic Bank Behavior in TurkeyAhmet Faruk Aysan, Mustafa Disli, Adam Ng and Huseyin Ozturk17. Explaining Intermediation Costs of Islamic Banks in OIC CountriesNurhafiza Abdul Kader Malim, Mansor H. Ibrahim and Mohamed Eskandar Shah Mohd Rasid18. Liquidity Risk Management in Emerging and Islamic Markets in Post Financial Crisis in Gulf Cooperation CouncilMazin A.M. Al Janabi19. How Efficient are the Commercial, Investment and Islamic Bank Managers in JordanIhsan Isik, Mohammed Omran and M. Kabir HassanPart IV: Islamic Capital Market20. Does Islamic investment accrue hedging benefits?Dawood Ashraf and Mohsin Khawaja21. Volatility forecasting, value-at-risk and expected shortfall estimations under Basel II accord in GCC Sharia stocksChaker Aloui, M. Kabir Hassan and Hela ben Hamida, 22. Do stock returns react to an Islamic labelRaphie Hayat and Celia de Anca23. Taking a Leap of Faith: Are Investors Left Short Changed?Yunieta A. Nainggolan, Janice C.Y. How and Peter Verhoeven24. Quantitative Studies of Islamic and Conventional AssetsShumi Akhtar and Maria Jahromi25. Profit-Sharing Ratio as a Screening Device in Venture CapitalMeryem Mehri, Kaouther Jouaber-Snoussi and M. Kabir Hassan26. On the dependency structure of Islamic assetsMahmoud Bekri, M. Kabir Hassan and Nafis Alam27. Malaysian Investors’ perspectives on the integration and Co-movement of Islamic Stock Markets in Developed and Developing CountriesMarjan Naseri, Syed Othman Alhabshi and Mansur Masih28. A Wavelet approach to time-scale relationships among the Islamic and conventional stock markets and LIBORAbdelKader O. el Alaoui, Ginanjar Dewandaru, Obiyathulla Bacha and Mansur MasihPart V: Sukuk (Islamic Bonds)29. Testing the Financial Distress Prediction Model for Sukuk-Issuing Companies In MalaysiaRoslina Mohamad Shafi, Sharifah Raihan Syed Mohd Zain, Mohamed Eskandar Shah Mohd Rasid and Ahamed Kameel Mydin Meera30. The Economic and Political Determinants of Depth and Strength in Sukuk MarketsMehmet Asutay and Ercument AksakIndex

'Kabir Hassan presents an impressive collection of more than 30 empirical studies on a wide spectrum of Islamic finance issues. The authors apply state-of-the-art methods of quantitative research and produce a wealth of fresh and often surprising results. Finance practitioners, policy makers and regulators can benefit from the findings, and Islamic as well as conventional researchers can get references and inspiration for further studies.'