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The Informal Economy and Islamic Finance
The characteristics, nature, determinants, and size of the informal economy differ from country to country. While much research has been carried out in the context of advanced economies, less attention has been given to developing countries, especially those in the Organisation of Islamic Cooperation (OIC) nations. This is one of the first books to investigate Islamic finance’s stance on the informal economy and to discuss it from an OIC perspective. It covers the various definitions, historical development, types, and determining factors behind the shadow economy and the reasons for people’s preference to join and stay in the informal economy. Similarly, different theories are discussed...
Decision Support Technique Based on Neutrosophic Yager Aggregation Operators: Application in Solar Power Plant Locations - Case Study of Bahawalpur, Pakistan
The problem of energy crisis and environmental pollution has been mitigated by the generation and use of solar power; however, the choice of locations for solar power plants is a difficult task because the decision-making process includes political, socioeconomic, and environmental aspects.Thus, several adverse consequences have been created by the choice of suboptimal locations. The objective of this paper is to address the integrated qualitative and quantitative multicriteria decision-making framework for the selection of solar power plant locations. Neutrosophic sets (NSs) are the latest extension of the ordinary fuzzy sets. The main characteristic of the neutrosophic sets is satisfying the condition that the sum of the truth, indeterminacy, and falsity grades must be at least zero and at most three. In this research, we establish novel operational laws based on the Yager t-norm and t-conorm under neutrosophic environments (NE).
Economic Integration Among D-8 Muslim Countries: Prospects And Challenges
The D-8 (Developing Eight) organisation was officially formed in 1997 and has Bangladesh, Egypt, Indonesia, Iran, Malaysia, Nigeria, Pakistan and Turkey as full members. The D-8 economies encompass nearly 62% of the Muslim population or about 1.17 billion people globally. The economic, cultural, social, political and geographical diversity that exists amongst the D-8 member countries differs radically from other Muslim or regional blocks. Furthermore, D-8 member countries are developing economies that do not solely rely on oil, ancient civilizations, or roles as historical powerhouses, but their populations aspire to be better educated, scientifically more advanced, have higher incomes and i...
Diseases of Field Crops
Contributed articles.
Data-Driven Modelling with Fuzzy Sets
Fuzzy sets have long been employed to handle imprecise and uncertain information in the real world, but their limitations in dealing with incomplete and inconsistent data led to the emergence of neutrosophic sets. In this thought-provoking book, titled Data-Driven Modelling with Fuzzy Sets: A Neutrosophic Perspective, the authors delve into the theories and extensive applications of neutrosophic sets, ranging from neutrosophic graphs to single-valued trapezoidal neutrosophic sets and their practical implications in knowledge management, including student learning assessment, academic performance evaluation, and technical article screening. This comprehensive resource is intended to benefit m...
Status of Women in Islam
The Present Book Deals With The Status Of Women In Islam. It Has Been Divided Into Two Parts-The First Deals With The Status Of Women As Per Tenets Of Islam In The Family Structure And In The Society And Economy; And The Other, With The Status Of Muslim Women In Our Country. The Problems Specifically Highlighted Are: The Acquisition Of Knowledge By Muslim Women, Their Participation In The Process Of Consultation, Their Rights And Obligations In Regard To Social Life Of Muslim Community And Their Role In Economic Activities.
Shariah Governance in Islamic Banking Institutions
Shariah governance assumes the primary instrument through which Islamic Banking Institutions (IBIs) ensure the Islamicity of their products, services, operations, and internal environments. It is considered to be one the fundamental elements that differentiates IBIs from their traditional counterparts. Shariah Governance in Islamic Banking Institutions provides a critical overview of the key aspects pertaining to Shariah governance within Islamic financial institutions and presents a detailed analysis of its conceptual background. The authors have identified the unique issues that have emerged due to the integration of Shariah, namely the involvement of the Shariah supervisory board (SSB), i...
The Islamic Finance Industry
Islamic finance has emerged to meet the financial needs of people who seek a different approach to conventional banking and finance. Due to its late inception, Islamic finance has often been regarded as an "infant industry" compared to its traditional counterparts. Even though the Islamic finance industry is still classified as nascent, it has shown rapid growth in the last decade or so. The primary objective of this book is to highlight the main issues and challenges the Islamic finance industry faces and to offer practical solutions. Firstly, the book classifies the main components of Islamic finance such as money and banking, capital markets, fintech, microfinance, insurance as well as mo...
Islamic Microeconomics
This book bridges the gap between Islamic and conventional (micro)economics by demonstrating how modern tools and theories of microeconomics can be applied to Islamic assumptions regarding economics and finance. In contrast to the tendency for Islamic economics and finance proponents to use qualitative and normative approaches based on idealistic assumptions, this book demonstrates how one can instead construct analytical models of Islamic economics and finance and simply compare the implications with those predominant in today’s world. This book also offers extensive literature reviews demonstrating that for a long time, the gap between Islamic and conventional economics and finance is no...
Digital Transformation in Islamic Finance
The ongoing digital transformation is shaping the Islamic mode of financial intermediation and the impact on the faith-based financial mode has been multifaceted. This has raised a host of interesting questions: what is the degree of penetration of Islamic finance in the fintech industry? Are Islamic financial institutions (IFIs) or banks ready to embrace fintech? Is fintech an enabler or barrier to achieve the intended purpose of Islamic finance? Will technology narrow the division between Islamic and conventional finance in the future? These are existential questions for Islamic finance and the book endeavors to examine the impact of financial technology on the industry. The book assesses ...
