Shari’ah Supervision: Current state and future prospects for islamic banks

Islamic banks are founded on the Shari’ah principle and any deviation from such principles in practice might affect the validity of its existence in the Islamic financial system. However, the level of Shari’ah compliance among Islamic banks was explo

COVID-19 Pandemic and a resilient global islamic banking sector

The COVID-19 pandemic has caused turbulence in the global economy. The pandemic has resulted in crude oil price volatility and affected the stability of the global financial system. The full extent of the impact of the pandemic in the global financia

Tax evasion and the role of the state actor in Bangladesh

Little attention has been paid to tax evasion in developing countries due to a lack of data. This article addresses this lacuna by investigating the tax evasion practices and finds significant increases in tax evasion in Bangladesh. The study makes a

Political influence and tax evasion in Bangladesh

This case study provides a theoretical framework to study determinants of tax evasion, and in particular addresses two research questions: RQ1: What are the determinants of tax evasion of Bangladesh? and RQ2: How do the interests of state actors infl

Tackling tax evasion in Bangladesh

Despite positive economic growth of Bangladesh’s economy over recent years, there is a significant increase in tax evasion within the country. Professor Mohammad Nurunnabi (Prince Sultan University, Saudi Arabia) interviewed tax officials, busines

Profit-loss sharing principles

The profit-loss sharing principle (PLS) of Islamic finance has been highlighted as a possible global solution. The role of PLS is to maintain an acceptable risk level to be shared between the bank and its customers. Solidarity and complementarity

Tax evasion and religiosity in the muslim world

This is the very first study to examine tax evasion practices in the Muslim world, which has implications for the development of an international tax framework, and for future research and policy in general. This paper uses a socio-economic theoretic