All Outputs (26)

Corporate governance in the Islamic finance industry (2017)
Journal Article
Minhat, M., & Dzolkarnaini, N. (2017). Corporate governance in the Islamic finance industry. Islamic Finance News, 14(49),

No abstract available.

Which firms use Islamic financing? (2016)
Journal Article
Minhat, M., & Dzolkarnaini, N. (2017). Which firms use Islamic financing?. Economics Letters, 150, 15-17. https://doi.org/10.1016/j.econlet.2016.10.036

This study explores to what extent the Islamic financing instruments are used by non-financial firms and whether profitability influences such financing choice. Based on a panel data of firms from fourteen developing countries for the 2005-2009 perio... Read More about Which firms use Islamic financing?.

Islamic corporate financing: does it promote profit and loss sharing? (2016)
Journal Article
Minhat, M., & Dzolkarnaini, N. (2016). Islamic corporate financing: does it promote profit and loss sharing?. Business Ethics: A European Review, 25(4), 482-497. https://doi.org/10.1111/beer.12120

Islamic financing instruments can be categorised into profit and loss/risk sharing and non-participatory instruments. Although profit and loss sharing instruments such as musharakah are widely accepted as the ideal form of Islamic financing, prior st... Read More about Islamic corporate financing: does it promote profit and loss sharing?.

Islamic finance: is it about how fast to get there? (2015)
Journal Article
Minhat, M., & Dzolkarnaini, N. (2015). Islamic finance: is it about how fast to get there?. Islamic Finance Review, 5(4), 64-67

In this article, we call for the sincerity and honesty of Islamic finance academics in disseminating knowledge about the real state of the Islamic finance industry. Uncomfortable truths about Islamic finance as practised, if left unspoken, could resu... Read More about Islamic finance: is it about how fast to get there?.

Is executive compensation a substitute governance mechanism to debt financing and leasing? (2015)
Journal Article
Minhat, M., & Dzolkarnaini, N. (2016). Is executive compensation a substitute governance mechanism to debt financing and leasing?. Applied Economics, 48(14), 1293-1302. https://doi.org/10.1080/00036846.2015.1100247

This study examines whether and how CEO equity incentives relate to financing choices (i.e., debt and leases). Using manually collected CEO compensation and lease data for a sample of large UK firms, we found evidence of a negative relationship betwe... Read More about Is executive compensation a substitute governance mechanism to debt financing and leasing?.

Creating big interest in non-interest Islamic finance (2015)
Journal Article
Minhat, M., & Dzolkarnaini, N. (2015). Creating big interest in non-interest Islamic finance. Islamic Finance Review, 5(2), 40-43

At the first glance, the interest in Islamic finance seems growing at an impressive scale. The statistics reported in the media and academic literature are encouraging. However, one can still be critical about the extent of real interest gained, espe... Read More about Creating big interest in non-interest Islamic finance.