Sukūk Development and Income Inequality (2023)
Journal Article
Jatmiko, W., Ebrahim, M., & Smaoui, H. (2023). Sukūk Development and Income Inequality. Journal of International Financial Markets, Institutions and Money, 88, Article 101852. https://doi.org/10.1016/j.intfin.2023.101852

This paper investigates the link between sukūk development and income inequality by scrutinizing twenty-two countries’ data from 1995 to 2019. We employ the two-stage Fractional Regression Model to illustrate that sukūk issuance is associated with in... Read More about Sukūk Development and Income Inequality.

On the Ethicality of Islamic Banking’s Business Model (2023)
Journal Article
Jatmiko, W., Iqbal, A., & Ebrahim, M. S. (2023). On the Ethicality of Islamic Banking’s Business Model. British Journal of Management, https://doi.org/10.1111/1467-8551.12703

This paper scrutinizes the ethicality of Islamic banks’ (IBs’) business model by employing the ‘objectives of Islamic law’ (Maqāsid al-Sharī’ah). This necessitates developing an ethical framework to construe two primary injunctions of Islamic finance... Read More about On the Ethicality of Islamic Banking’s Business Model.