Explore the vast range of titles available.

Purpose Emerging economies are increasingly benefiting from Islamic finance principles. The distinctive features of this unconventional form of finance are starting to be considered even in developed economies. Islamic finance operates under prohibitions on interest, gambling, speculation and complex derivatives according to the dogma in the Quran, Sunnah, Ijma and Qiyas. International financial reporting standards (IFRS) allow companies to attract global capital due to overcoming international borders. However, Islamic finance cannot apply all accounting standards. Therefore, this study aims to explore the implementation of international accounting standards in the Islamic finance context to present applications and future research fields. Design/methodology/approach Using a bibliometric and coding analysis, the study analyses 226 peer-reviewed journal papers extracted from the Scopus database. Using the bibliometrix package, the authors explored the literature’s intellectual, conceptual and social structures, categorising the findings into thematic clusters relevant to traditional and Islamic finance paradigms. Findings The results reveal new and interesting elements using the lens of the conceptual, intellectual and social structure. Additionally, the authors find out three main thematic clusters: (1) IFRS and Islamic finance: general principles; (2) IFRS and Zakat; (3) IFRS and Murabaha compatibility; (4) IFRS and Takaful; and (5) IFRS and auditing organisation for Islamic financial institution: governance strategies. Originality/value The contribution is original as the authors discover institutional theory perspectives and a diatribe between positivist and ontological approaches.

The Tahfiz (Qur’an memorisation ) School Performance Index was developed as a tool to measure the performance of Tahfiz Schools in several key areas of Tahfiz education and sustainable growth development. The constructs assessed in the index were developed from analyses of focus group discussions with a few groups of stakeholders. The self-developed constructs were presented to several subject matter experts in the area of Islamic education to ascertain their face and content validity. For construct validity, the index was tested on a sample of 1,384 respondents, comprising Tahfiz school administrators, teachers, and alumni, and analysed using the Rasch Rating Scale Model. The results generated some evidence of construct validity, although some items related to Tahfiz education showed some misfitting. The index could potentially be used to measure and improve the quality of the Tahfiz education sector . The index combines aspects of Tahfiz education with elements of Sustainable Growth Development to offer a holistic overview of the progress and well-being of the community within a Tahfiz School. This study however only focused on one type of Tahfiz School, which is Academic Tahfiz Schools, a type of Tahfiz school that teaches academic school subjects, Islamic education subjects, and Qur’an memorisation, and excluded other types of Tahfiz schools such as fully traditional Tahfiz schools.

This study aimed to investigate the demand for information from Iranian users to the supply of scientific products to Iranian researchers in the field of the Quran during the years 2011-2020. The present study is a descriptive-analytical done by web research and scientometric methods using infodemiology indicators. The population included the keywords of Iranian users ' search in the field of the Qur 'an - using Google Trends; and in the scientometrics section, the research conducted by Iranian researchers in the area of the Qur 'an - indexed in Islamic world citation databases, web of science, and Scopus during the years 2011-2020. A correlation test was performed to investigate the alignment of users 'information retrieval behavior and researchers' scientific products using R software. The number of scientific products of researchers and the index of Iranian users' search volume in the Google search engine has increased over ten years. The average growth of scientific productions of Iranian researchers in the Quranic studies was 411.40. Spearman correlation coefficient between users ' information-seeking behavior and scientific products of Iranian researchers in the field of Quran in the sections of Web search (P-value = 0.001), YouTube search (P-value = 0.0001) and the sum of parts of Google search engine (P-value = 0.0001) was obtained meaningfully. Many factors affect the increasing scientific production of Iranian researchers in the Quranic fields. Information demand or Internet information retrieval behavior of users in this subject can be one of the most critical factors.

Purpose>This study aims to analyse the role of zakat in poverty alleviation and income inequality reduction based on the gender of zakat recipients.Design/methodology/approach>This study used the Centre of Islamic Economic and Business Studies (CIBEST) model as a poverty measure and the Gini coefficient and Atkinson index as income inequality measures to analyse 1,300 zakat recipients in five different areas of West Java, Indonesia.Findings>Based on the CIBEST model, zakat distribution programmes have better salutary effects on male-headed households in terms of material (0.215) and absolute (0.037) poverty indices, whereas female-headed households have better performance on the falah (0.438) and spiritual (0.022) poverty indices, with greater changes in these indices in female-headed households. According to the Gini coefficient and Atkinson index, female-headed households have better income distribution one-year after zakat distribution programmes, whereas the male-headed households have better performance in regards to welfare loss.Research limitations/implications>The present study only used the poverty line standard published by the Central Board of Statistics from the Republic of Indonesia to identify respondents who live under the poverty line.Practical implications>This paper can serve as a reference for zakat institutions in the implementation of zakat distribution programmes when the gender of zakat recipients is taken into consideration.Originality/value>Not many studies have analysed the impact of gender in zakat distribution programmes despite gender being one of the most important determinants of poverty and income inequality. This study attempts to determine the economic impact of zakat from the perspective of gender.

Rhetorical questions in the Holy Qur’an are one of the most critical devices in argumentation and persuasion. This study aims at shedding light on the linguistic challenges encountered by seven Qur’an translators in translating rhetorical questions in the Holy Quran into English. The sample of this study included fifteen rhetorical questions selected based on specific criteria from different Surahs in the Holy Qur’an. The translations of the seven Qur’an translators were then analyzed and discussed based on the linguistic approach as a theoretical framework. The study revealed that Qur’an translators tend to use semantic translation rather than pragmatic one in rendering the Qur’anic rhetorical questions into English to maintain the rhetorical features of the Holy Qur’an. Furthermore, the study showed that Qur’an translators convey only some of the illocutionary forces that are embedded in such questions.

Purpose The purpose of this study is to examine the efficiency and productivity performance of zakat funds managed by Directorates of Religious Affairs and Endowments (DRAE) in Algeria. Design/methodology/approach In this study, the authors employ data envelopment analysis and measure Malmquist Productivity Index for DRAE’s input and output data spanning from 2003 to 2013. Findings The authors find that total factor productivity has increased sharply for all zakat funds, mainly due to a technical rather than efficiency change. Further decomposition of the efficiency change into its pure technical and scale efficiency components suggests that the pure efficiency is a more important source of efficiency change than the scale efficiency component, meaning that zakat funds rely on technical aspects to gain efficiency. Originality/value The findings of this study are expected to contribute considerably to the existing knowledge on the operating performance of zakat funds in Algeria.

This article discusses one of the famous religious works named \"Kashshof', in particular, its manuscript copies (full name - \"al-Kashshof fi haqaqiqi ghavomidi-t-tanzil va uyuni-l -aqovil fi vujuhi-t-ta'vif') (\"The one that opens the eyes of narrations by interpreting the hidden truths of the Qur'an\") of the great Chorasmian scholar Abul Qasim Mahmud Zamakhshari dedicated to the interpretation of the Holy Quran. Today, fourteen manuscripts of this tafseer (a comentary to the Holy Quran) are kept in the manuscript fund of the Institute of Oriental Studies named after Abu Rayhan Beruni of the Academy of Sciences of Uzbekistan. The article analyzes these fourteen manuscripts in detail from the point of view of source studies. The complete bibliographic index of each manuscript is recorded. The manuscripts also contain detailed information about the surahs (chapters in Quran) - how many verses, where they were revealed, how the surah interpretations were given, and the calligraphy of the manuscripts. At the end of the article, photos from the manuscripts of \"Kashshof' are attached to give an idea of the manuscripts.

Purpose This paper aims to investigate whether Islamic and conventional equity indices offer some alpha. These indices are expected to offer no alpha being value-weighted, passive and unmanaged. Design/methodology/approach This paper used monthly data from 1996 to 2016 of four Dow Jones (DJ) and one financial times stock exchange (FTSE) Islamic equity indices and five conventional Morgan Stanley Capital International (MSCI) equity indices. This study used a simple ordinary least square (OLS) rolling window regressions to generate the alphas and risk loadings when adjusting for prominent pricing factor models. Findings The findings from OLS regressions suggest that DJ Islamic indices of Japan, Europe and World generate significant alphas, whereas, MSCI conventional indices of Asia/Pacific, USA and World generate significant alpha when risk-adjusted for pricing factor models. However, in 36-month rolling window regressions, all Islamic indices generate significant alpha and factor loading. The magnitude of alpha and factor loading changes over time. Research limitations/implications The finding shows that the Shari’ah-compliant investment fund’s alpha must be adjusted with the respective benchmark index alpha to measure the fund manager’s skill performance quantitatively. Originality/value To the best of the author’s knowledge, this is the first study that investigates and compares the Islamic, as well as conventional indices for abnormal returns, which are adjusted for both Fama–French five and q-theory-based four assets pricing risk factors and as a benchmark for Shari’ah-compliant fund’s performance.

Purpose - The purpose of this paper is to analyze the impact of applying alternative Shariah screens on the resulting universe of halal assets and to show that Shariah screening procedures currently used in practice are inconsistent with respect to discriminating between halal and haram.Design methodology approach - An empirical data analysis of the different asset universes obtained when applying the criteria specified by the most prominent Shariah-compliant funds and indexes to a common standard asset universe, the assets contained in the S&P 500 index.Findings - Analysis reveals that the asset universes are significantly different in size as well as constituents, i.e. for every index there is a substantial number of assets which are specified as halal or haram but classified the opposite way for other indexes. This indicates that, so far, there is no universal or generally accepted understanding of how to transform the descriptive Shariah rules into a system of checkable investment guidelines.Research limitations implications - The results presented in this paper could motivate the development of a standardized screening framework which, taking into account the existing Shariah guidelines, produces a controlled, unified and understandable classification of assets, by which the credibility and consistency of Islamic equity products is enriched.Practical implications - Islamic institutions and Shariah scholars are guided to set up a common and standardized Shariah screening norm based on which computer-based management systems for Shariah compatible portfolios could be developed.Originality value - This paper is believed to be the first empirical comparative analysis identifying the impact of using different Shariah screens on the composition of the compliant asset universe. The sensitization of Shariah scholars, fund managers and Islamic investors for the consequences of this so far undiscovered relation will certainly contribute to an enrichment of the credibility and consistency of Islamic equity products.