Rida Ahroum

Université Hassan 1er · l'Ecole Supérieure de Technologie Berrechid

Purpose The displaced commercial risk is one of the specific risks in the Islamic finance that creates a serious debate among practitioners and researchers about its management. The purpose of this paper is to assess a new approach to manage this risk using machine learning algorithms. Design/methodology/approach To attempt this purpose, the autho...

The impact of the Islamic screening on the performance of stock and Sukuk investments is subject of a serious debate. The aim of this paper is to contribute to the on-going studies on Islamic markets by giving new insights about characteristics of the Islamic risk premium. To attempt this objective, we adopt a risk premia methodology using long-sho...

In this thesis, we use the wavelet theory as a theoretical framework for analyzing the performance of Islamic financial assets compared to conventional ones. The objective is to detect the presence of an Islamic risk factor and to characterize it by using continuous and discrete wavelet analysis. The particularity of this work lies in the use of "R...

Purpose – In Islamic finance, Murabaha contracts are very widely negotiated. Their yield depends mainly on the contracted profit margin. In the current practices, this latter is based on a reference interest rate, an approach that is widely criticized in Islamic literature. Many criticism exists for Musharakah Moutanaquissah contracts as well. In t...

Although the Sukuk market is rapidly growing, it still faces many challenges. The “Buy and hold” effect slows down this growth as it freezes the exchange of these assets in the secondary market. In this perspective, this paper introduces an approach aiming at improving Sukuk exchange by using the diversity of the investors' risk profiles. Through t...

Purpose Participatory contracts reflect the true spirit of Islamic finance. However, these contracts face several challenges during their implementation. This is reflected by the low volume of contracts processed by Islamic banks and the low number of Sukuk issued. We suggest in this context, a new parameter that we shall explain the importance in...