This study develops a comprehensive, objective measure of Islamic financial literacy (IFL) that encompasses six core concepts: general concepts, numeracy and computational skills, savings investments, borrowing financing, protection. Seven practitioners working in the banking finance industry Malaysia were chosen to validate before pilot testing on sample 403 working-age adult respondents. The scores are compared across samples students, adults, bankers significant differences identified for...

Over the past decade, issues concerning Islam and Muslims have featured prominently in public media discourse. Much of this discourse is stereotypical, anecdotal often unsubstantiated. Indeed, relative to extent comment on Muslims, few factual data exist what really think. This article presents views opinions Queensland Muslim community based findings a survey conducted at 2009 Eid Festival Brisbane. The research contradict many assumptions made about Australia’s their range social political...

Recent turmoil in financial markets has once again emphasised the need for regulatory vigilance–especially relation to banks distress and those experiencing a run on depositors’ funds. The Islamic Bank Ltd of South Africa collapsed 1997, its failure exposed cost bad credit risk management, operational dysfunction breaches. This study finds early intervention may have addressed major liquidity shortcomings perhaps even forestalled bank’s collapse. Despite effective measures, evidence shows...

Islamic banking and finance is emerging in global financial markets governments seek to facilitate it. This article focuses on whether it constitutionally possible for Australia implement reforms faith-based transactions. There have been calls become a hub – particularly South East Asia. One aspect of this the recognition as an alternative marketplace. would include ensuring that tax laws are synchronised with tenets transactions do not hinder such alternatives. Being different conventional...

Purpose The purpose of this study is to examine whether Australian Islamic schools, by dint their unique status within private schooling, may be construed as elitist or exclusivist premised on markers such religious affiliation, school age, history, location, reputation and non-curricular excellences affluence alumni. This issue has not been examined empirically hitherto. addresses absence, these markers, when used selectively, make student entry restrictive virtue enrolment criteria that...

For Islamic investors, sequencing risk is an omnipresent factor for retirement outcomes. This study shows that simple diversification can provide benefits to reducing the impact of risk. However, results from accumulation and distribution phases suggest products need consider approaches go beyond received set-and-forget approach. The findings point rather a more dynamic, whole-of-life approach be adopted by products.

The Malaysian managed fund market provides investors with greater choice between conventional and Islamic equity funds. Widening also pose challenges to in relation selection of type, manager portfolio optimization. While aggregate information reveals the extent investment funds, not much is known on investors’ migration types this dual market. Using net flow analyses, paper addresses paucity through a comparative study movement investable funds managers.

This paper focuses on the emergence of Islamic banking and finance in global financial markets efforts by governments (through regulatory tax initiatives) to facilitate it. Particularly, this fundamental question as whether it is constitutionally possible for Australia implement such reforms encourage faith-based transactions.

This article considers the emergence of Islamic banking and finance in global financial markets efforts by governments (through regulatory tax initiatives) to facilitate it.

Course selection by year 11 and 12 students exert a significant influence on occupational outcomes of young people. While many studies have been conducted the Australian Council for Educational Research (ACER) across broad spectrum schools, not much is known about this aspect in relation to Islamic School students. In research, data was collected student course choice from nine randomly selected schools Australia. For first time, results reveal most prevalent clusters studied are Science,...

Ponzi schemes using the principles of affinity fraud are a real and current risk for Islamic investors. This paper examines use in targeting community analyses Shari'ah norms that seek to protect people from cheating. Using case studies three countries, identifies common traits pervasive including legal ruses aimed at circumventing interdiction on interest other proscriptive acts by unscrupulous fraudulent operators. The examination shows nascent finance market should be vigilant copycat...

This paper focuses on reform issues currently under consideration by tax and regulatory authorities to facilitate Islamic finance in Australia. The necessity for a comprehensive approach is critical if the government’s desire promote Australia as financial services hub be realised. However, pursuing this goal one identified delimiter attracting remains current lack of parity treatment. It argued that such reforms are implemented, there should an overarching guide – particularly ensure no...

Ponzi schemes using the principles of affinity fraud are a real and current risk for Islamic investors. This paper examines use in targeting community analyses Sharīʿah norms that seek to protect people from cheating. Using case studies three countries, identifies common traits pervasive including legal ruses aimed at circumventing interdiction on interest other proscriptive acts by unscrupulous fraudulent operators. The examination shows nascent finance market should be vigilant copycat...