Financing super-infrastructures using istisna-sukuk based monetary policy for faster economic development
Most efficient and super-infrastructures are preconditions for faster economic growth for any country. Most countries often finance such project by incurring public debt and such countries must pay interest every year on public debt until the entire accumulated amount is fully paid. However, interest-based financing is not only prohibited (haram) [...]
The effects of oil and non-oil exports on economic growth in Bahrain
This study investigates the effect of oil and non-oil exports on economic growth in Bahrain over the period 1977-2015. The cointegration analysis shows that economic growth was positively and significantly related to exports. However, oil effects have the biggest effect on real gross domestic product. Also, results show that oil [...]
Towards a cloud oriented technological reference model of Bahrain
The Bahraini smart city should have a reference model that precisely aligns the cloud oriented capabilities of the operating applications and technological infrastructure, along with the relevant business actors and strategy in order to meet smart city requirements. Unfortunately, findings revealed limited rigorous reference architectural models to service smart city [...]
GCC electrical long-term peak load forecasting modeling using ANFIS and MLR methods
It is important to develop a suitable model to calculate electricity demand forecasting requested by decision makers. The present study deals with the electrical long-term peak load demand forecasting using a developed Adaptive Neuro-Fuzzy Inference System (ANFIS) and Multiple Linear Regression (MLR) methods. The MLR model is formulated as a [...]
Towards an effective environmental impact assessment (EIA) in the industrial sector of Bahrain, Arabian Gulf
Rapid economic and industrial developments and population growth in Bahrain are associated with increases in energy demand and greenhouse gas emissions. An Environmental Impact Assessment (EIA) process has been adopted in the country to address environmental aspects within energy intensive projects such as oil and petrochemical industries. The quality of [...]
The effectiveness of Qard-al-Hasan (interest free loan) as a tool of monetary policy
Purpose: This paper aims to investigate the macroeconomic effects of Qard-al-Hasan (QH) as a tool of monetary policy (MP) and its effectiveness in achieving full employment and price stability in the economy. Design/methodology/approach: QH-based MP and its effects on major macroeconomic variables are examined on theoretical ground by using the [...]
Balancing centralization and decentralization management at University of Bahrain
Purpose: There is no such thing as a truly centralized or decentralized management system. With regard to universities, most of the key areas in universities are centralized, e.g. finance, personnel, curriculum, management and quality. These key areas will exhibit a higher impact on learning and research by maintaining the appropriate [...]
Women parliamentarians impact on economic growth: A cross-country analysis evidence
Women constitute half of the global population, and consequently half of the potential creators, talents, and innovators. However, they are still under-represented in national parliaments and other political bodies. In this paper, the relationship between economic growth of high-income countries and the proportion of women candidates in nation parliaments is [...]
Rent-seeking behaviour and ẓulm (injustice/exploitation) beyond ribā-interest equation
Purpose: The purpose of this paper is to explore the concept of rent-seeking behaviour and rentier state in the context of ẓulm (injustice and exploitation), which is one of the key concerns in Islam in general and Islamic economics and finance in particular. Design/methodology/approach: As a conceptual paper, it draws [...]
Interest-free monetary policy and its impact on inflation and unemployment rates
Purpose: This paper aims to examine the effects of interest-free and interest-based monetary policy on inflation and unemployment rates for two groups of countries where in one group, interest-free monetary policy (IFMP) was pursued, while in the other group, interest-based monetary policy (IBMP) was followed. Design/methodology/approach: This study involves a [...]