The stability of banks' finances is being impacted by the growing apprehension of Islamic banking. Consequently, the aim of this study is to investigate how Shari’ah board (SB) traits impact financial soundness of Islamic banks using the theoretical framework of resource dependence theory. Regression analysis is employed in this study to investigate the impact of Shari’ah board (SB) traits on Islamic banks’ financial soundness. The data set of 51 Islamic Banks was taken from seven Asian nations with Muslim population spanning from the period 2016-2021 using a panel data technique. On the other side, to assess the financial stability of Islamic Banks, a z-score metric was employed. This research demonstrates that the existence of a competent Shari’ah member and a mufti has no impact on the stability of the Islamic bank's finances although the size of the board has a significant consequence on the financial stability of Islamic Banks across all the Asian countries. This research expands the extant literature on Islamic Banking in the context of Asian countries. Regardless of the level of agency engagement, it appears that there has never been a verifiable study that looked at the impact of Shari’ah Board (SB) qualities on Islamic Banks’ (IB) achievements. Therefore, the objective of this study, which sets it apart from previous work, is to provide practical evidence to Islamic governance framework bodies and experts regarding the relationships between SB traits and how IBs are presented in the countries with high levels of regulatory agency intervention. The aforementioned study aids the management of Islamic banks in framing the board structure in light of Asian Islamic nations. Furthermore, by issuing the rules on reorganizing the composition of boards, regulators may receive insightful information, particularly those aiming to strengthen the soundness of their Islamic institutions.
Keywords: Shari’ah Board, Financial soundness, Islamic Banks

Islamic banking is an emerging system having its roots especially after the global financial crisis of 2008.and is linked with real business transactions. Similarly, the Supply Chain Operations Reference (SCOR) model represents real business transactions and can support understanding Islamic banks' financing system in a better way, but both are less studied together. Therefore, the purpose of the study is to elaborate on Islamic banks’ financing system through the SCOR model. Qualitative case study research is suitable for an in-depth understanding of less discovered areas of knowledge so, this research used this methodology. This study reveals that Islamic banks adopt the purchase and sell operations of financed assets in almost all modes of finance implying a real economic situation which differentiates Islamic banks’ financing from its conventional counterpart. Purchasing is related to the sourcing process of the SCOR model whereas selling is aligned with the delivery process of the SCOR model. Thus, Islamic banking is operationalized as a trading company along with a banking company. In conclusion, the combination of Islamic finance and supply chain connects the financial sector with the real sector and opens new dimensions of research. It can lead current and potential stakeholders toward a win-win situation by avoiding disasters such as the global financial crisis in 2008 that neglects the real economy.
Keywords: Sustainable Islamic banking; Finance management; Qualitative case study research paper; Supply chain management; Purchasing and sourcing; Sales and delivery.

Microfinance organizations must prioritize both social and financial performance. Therefore, it is critical to determine how they affect one another. The purpose of this research is to examine the impact of social performance (SP) of global Islamic Microfinance Institutions (IMFIs) on their operational and financial self-sufficiency. Further, the study also checks the moderating role of institution size in this relationship. This research is based on unbalanced micro panel data. The Random Effect model is applied using Hausman test for the period 2015-2021 with 50 IMFIs sample. SP was measured through Number of Active Borrowers (NABO), Percentage of Female Borrowers (PFEB), and Gross Loan Portfolio (GLPF) as independent variables while Operational Self-sufficiency (OSS) and Financial Self-sufficiency (FSS) were the dependent variables. Other variables, Gross Domestic Product per Capita (GDPC), Consumer Price Index (CPIN) and Regulatory Quality (REQ) were used as control variables while Institution Size (IZ) was used as moderator. Results indicated that GLPF and PFEB have positive relationship with OSS while NABO has negative relationship with OSS. IZ has a negative relationship with OSS and it positively strengthens the relationship of PFEB and GLPF with OSS and negatively strengthens the relationship between NABO and OSS. GLPF has a positive relationship with FSS while NABO and PFEB have negative relationship with FSS. IZ has a positive relationship with FSS and it negatively strengthens the relationship between PFEB and GLPF and positively strengthens the relationship between NABO and OSS.
Keywords: Financial Self-Sufficiency, Islamic Microfinance, Operational Self-Sufficiency, Social Performance

The aim of the study was to explore the perception of customers about car Ijarah financing provided by Islamic banks of Pakistan through an in-depth interview study. A sample of 14 respondents was taken for conducting semi-structured convergent interviews. The purpose or judgmental along with snowball sampling technique was applied to rally to the objectives of the study. The study concludes that although Ijarah has attained a remarkable position in the Islamic banking parallel to conventional lease due to its reliance on Shariah rulings, still there exists a perception which compels the customers of Islamic banks to take Ijarah financing as merely a gimmick of exchange of terminology and gives the impression that Ijarah financing is similar to the conventional lease. Hence, it is still a requisite necessity for Islamic banks to coach their customers in understanding the salient features and high profitability of Ijarah financing. This study is helpful for the decision-makers, policyholders, and service providers of Islamic banks to get a better insight into the dominating factors that influence the Islamic banks for car Ijarah process. Furthermore, it can be valuable in order to fill the gap between customers and Islamic banks by understanding the beliefs and thoughts which the customers have in the context of products and service of Islamic banks. Efforts should be made to enhance customer awareness on Islamic banking products. Additionally, employee training sessions and targeted marketing campaigns can effectively communicate the benefits and principles of Islamic finance. This study contributes to the existing literature by examining customer preferences for Islamic banks, specifically in the context of Ijarah financing. It sheds light on the significance of a riba-free and Shariah-based system, religiosity, Fatwas, and trust in influencing customer choices.
Keywords: car ijarah financing, customer perception, Shariah compliant, Pakistan

As the Muslim world undergoes swift economic and population expansion, the halal food sector outsides as the most substantial and diverse component of the Islamic economy. Our study examines halal food certification procedures across various countries by highlighting the escalating demand for these products. We pinpoint the necessity of an international halal food certification authority that would ensure consistency and reliability in certification processes globally. Importantly, we propose that producers should ensure their halal food items are certified by a recognized organization where consumers can advocate for a global halal certification entity. To mitigate the information asymmetries between manufacturers and consumers, we suggest the implementation of policies to bolster consumer awareness about halal food certification. These policy recommendations aim to stimulate the consumption of halal food, enhance consumer trust, and further the economic growth in Muslim countries by strengthening the halal food market.
Keywords: Halal, Food, Certification, Muslims, Islamic.