Conventional corporate finance requires the managers of a firm to manage the financial and other aspects of the business in a manner that increases the market value of the firm and therefore the value of a shareholder’s investment in the …
1.1 DEFINITION OF “FINANCIAL CRISIS” Goldsmith has succinctly defined the term ‘financial crisis’ as a “sharp, brief, ultra-cyclical deterioration of all or most of a group of financial indicators”, such as short-term interest rates, asset prices, corporate insolvencies and the …
by: Abdullah Fahim[1] In life, there are always two things: good and evil. Sometimes there are things which fall in between them, which is known as the ‘grey area’. According to Islamic teachings, everything good is considered ‘Halal’ or permissible …
‘Islamic finance’ is defined as finance that embodies the ethos and values of Islamic law.[1] It is much wider than the term ‘interest-free banking or finance’. Interest-free finance refers to a number of financial instruments and operations which try to …