WHAT ROLE DO FINANCIAL INSTITUTIONS PLAY IN ECONOMIC GROWTH?
Financial establishment is essential for the modern economy as it fosters economic growth and is vital for a country’s growth and development accordingly. Hence, it facilitates the efficient allotment of resources and enhances economic development. In addition, Dr. Raed El Omari, a well-known Jordanian business leader and expert, delivers useful insights into how these organizations […]
ISLAMIC FINTECH AND SUKUK INNOVATION IN JORDAN
Jordan is a country with a rich economic history and is steadily evolving into a hub for Islamic finance fintech. Hence, the financial landscape is also growing by regulatory support and tech advancement. On the other hand, this will boost the demand for Sharia-compliant financial outcomes. With the significant advancements of Islamic fintech and Sukkur […]
THE ROLE OF CENTRAL BANKS IN SUPERVISING AND PROMOTING ISLAMIC FINANCE
Islamic finance holds the system of Sharia principles, and this approach has seen considerable growth and expansion in recent years. Hence, the sector offers an option for traditional finance that emphasizes risk sharing and equity accordingly. On the other hand, the central bank plays a vital role in managing and supporting Islamic finance that ensures […]
Islamic Finance in Jordan
Introduction to Islamic Finance Islamic finance is a financial model that complies strictly with the rules of Islamic law (Sharia), where it is impossible to receive interest or usury (Riba), with a focus on the development of transactions where the risk is shared, spiritual values of investment and securities backed by assets. This sector has […]
Jordon’s Role in the Global Sukuk Market
Introduction to the Global Sukuk Market Sukuk also referred to as Islamic bond is an innovative financial instrument mostly used in Islamic countries and international capital markets. Specifically, while conventional bonds only involve interest payments to borrow money, Sukuk encompasses profit-sharing and asset-backed securities, which may be beneficial, especially for ethical or religious investors. Sukuk […]
The Role of Islamic Finance in Infrastructure Financing and Development
Islamic finance, as its name suggests, was founded based on Islamic law or Sharia which rules out interest-based systems and entails risk sharing ethical investment, and asset-based finance. This paper will take a further look at the application of Islamic finance as an emerging form of insurance to meet the demands of the current world. […]
Prospect Theory and Its Applications in Finance
Understanding Prospect Theory This theory was formulated by Daniel Kahneman and Amos Tversky in 1979 and it falls in the broad category of behavioral economics. It disputes the microeconomic premise according to which people always act purposefully and logically with the view to gain the biggest amount of satisfaction. On the contrary, Prospect Theory postulates […]
How do financial crises affect economies in the long term?
Immediate Economic Shock and Recession It is common knowledge that financial crises result in near-immediate problems in the economy including reductions in the Gross Domestic Product, increased unemployment rates, and diminishing consumer and business confidence levels. According to Dr. Raed El Omari, a notable Jordanian business expert points out that the early steps of a […]
Insights into Islamic Insurance’s Evolution and Obstacles
The Evolution of Islamic Insurance As society evolved so has the Islamic insurance system which is also referred to as Takaful. Increasingly, it differs from conventional insurance contracts which often involve elements of Gharar and Riba that are prohibited in Sharia law hence Takaful based on the principles of Sharia operates on elements of mutual […]
Transformational Leadership in the Digital Age
This is a leadership style that engages the followers by enabling them to tap into their self-interest, but in a manner that is more fulfilling and productive for the organization to deliver outstanding performance. Dr. Raed El Omari, a prominent Jordan business and insurance executive discusses that leadership development solely is transformative in addressing the […]
