We do research in the field of interest free financial practices. We also support similar relevant research activities of students, researchers and professionals. The research papers can then be made available to the public on our site either free of charge or at reasonable cost.

In addition, we also avail relevant and up to date research papers and articles written in the area of interest free finance prepared by either local or internationals experts.

Knowledge about local and international regulations and standards is also relevant to understand the industry better. It helps to develop innovative ideas within the existing framework and suggest any need for improvement, if need be. We, therefore, provide important links to local regulations and international standards.

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Interest free Banking – developments in Ethiopia (By Ibrahim Dawd Muzeyen, March-2021)

This article reveals that the commencement of interest free banking service in Ethiopia has brought significant progress. So far this alternative banking service obtained the trust of over seven million customers in eleven banks. Click here to read more. Read more

Islamic Banking Performance Measurement: Aconceptual Review of tow Decades.

This article aims to provide an overview of the development of research on the measurement of Islamic banking performance over the past 20 years from 89 selected papers with Scopus-indexed journals ranked Q4 to Q1 or accredited with Sinta 2 to Sinta 1. Read more

Principles and instruments of Islamic Financial Institutions. Procedia Economics and Finance 24 ( 2015 ) 479 – 484

Islamic financial institutions are part of the modern world economy and subject to the same economic laws as any other traditional financial market participants. Statesmen and traditional banks see a promising business opportunity in Islamic banking and finance. The mechanism of Islamic capital market is differs from the well-known. Read more

Islamic finance – more expectations and less disappointment. Fayaz Ahmad Lone and Siraj Ahmad Volume 14, Issue 1, 2017.

Islamic finance has faced a two-fold criticism from scholars; viz. constructive criticism and destructive criticism. Majority of the scholars criticize it with the intention to improve its overall development, but some scholars are more
negative in their criticism. Read more


Islamic Financial Services Industry Stability Report

The IFSB is an international standard-setting organization which was officially inaugurated on 3 November 2002 and started operations on 10 March 2003. The organization promotes and enhances the soundness and stability of the Islamic financial services industry by issuing global prudential standards and guiding principles for the industry, broadly defined to include the banking, capital markets and insurance sectors. Read more

Global Report on Islamic Finance 2016
Islamic Finance A Catalyst for
Shared Prosperity?

This work is a product of the staff of The World Bank and Islamic Development Bank Group (IDBG) with external contributions. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of The World Bank and IDBG, their Boards of Executive Directors, or the governments they represent. The World Bank and IDBG do not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank and IDBG concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Read more


Islamic Banking and Finance: Recent Empirical Literature and Directions for Future Research.

This paper examines the recent empirical literature in Islamic banking and finance, highlights the main findings and provides a guide for future research. Early studies focus on the efficiency, production technology and general performance features of Islamic versus conventional banks, whereas more recent work looks at profit-sharing and loss-bearing behavior, competition, risks as well as other dimensions such as small business lending and financial inclusion. Read more


NBE Directives on Interest Free Finance:

Licensing and supervision of banking business.

Directive to license and authorize interest free banking business number SBB/72/2019.


Licensing and supervision of insurance business.

A directive to license a takaful operator or authorize a takaful window operator No. STB/1/2020.