Business Commons^™

Islamic Finance Finally Has A Place In The Australian Economy, George Mickhail

Faculty of Business - Papers (Archive)

In its executive summary, the board makes it very clear at the outset that the review was conducted on the basis of “its understanding of common Islamic fi nance structures, and that nothing in the report should be taken to suggest that a particular product or case study described is compliant with Shariah law”.

Is Islamic Finance Wanted In Australia?, George Mickhail

Faculty of Business - Papers (Archive)

PwC and EY had independently found that the global market in Islamic fi nance has been growing at an average annual rate of 17% since 2009 and will continue to do so until 2017.

Is Islamic Finance Important To The Australian Economy?, George Mickhail

Faculty of Business - Papers (Archive)

On the 31st July 2015, and according to fi gures published by the World Federation of Exchanges, the size of the Australian domestic equity market capitalization (companies admitt ed to listing only) was US$1.23 trillion, which is 1.96% of the global domestic equity market capitalization of US$62.8 trillion. On the other hand, the global Islamic fi nance industry assets in 28 diff erent jurisdictions were estimated to be worth US$1.85 trillion or 2.95% of the global domestic market capitalization.

Australia Slow To Capitalise On Islamic Finance Opportunities, George Mickhail

Faculty of Business - Papers (Archive)

Australia has one of the most efficient and competitive 'full service' financial sectors in the Asia Pacific region and is situated close to the fastest-growing region in the world. The Islamic finance industry is not only growing rapidly in the world, but is also showing stability and resilience in the face of instability in the global markets. However, Australia has been slow to capitalize on the opportunity to develop and export Islamic finance services.

Tribes In Personal Finance? The Dave Ramsey Phenomenon, Ciorstan Smark

Faculty of Commerce - Papers (Archive)

Purpose: This paper explores the Dave Ramsey financial planning phenomenon (comprising his syndicated Radio Programs; Books on the New York Times Bestseller List; Twitter and Facebook presence; Program of Live events and seminars) and considers whether this financial planning phenomena meets the criteria set out by Godin (2008, 13) for a "tribe" and by Foucault (1977) for a "disciplinary Institution".

Design/methodology/approach: This paper employs a form of the Socratic or dialogue approach to explore and comment on various aspects of the tribe mentality that is evident in Davey Ramsey phenomenon. The discourse seeks to deconstruct the alignment of the phenomenon …

The Implementation Of Authentic Activities For Learning: A Case Study In Finance Education, Mara K. Koplin, Chi Fun Freda Hui

Faculty of Commerce - Papers (Archive)

This paper seeks to demonstrate how assessment tasks set in a finance subject contribute to an authentic learning experience. Authentic learning has been shown to help connect students’ classroom learning to the outside world. Linking what students are learning in class to the real world enables them to better understand the problems to be faced when dealing with incomplete information, while also engaging them more fully. In this preliminary study we explore the attributes of an authentic learning experience. The assessment task requires each student to research the topics covered in class in relationship to a country that they have …

Corporate Finance Practice In Kuwait: A Survey To Confront Theory With Practice, Mohammad Al Mutairi, Gary G. Tian, Andrew S. Tan

Faculty of Commerce - Papers (Archive)

This study reports the results of a survey among 80 CFOs in Kuwaitilisted firms on current corporate finance practices namely, capitalbudgeting, costs of capital, capital structure, and dividend policy.This paper analyses specifically the survey responses according tothe firm s attributes and CFO s characteristics such as firm size,sector, equity, CFO s education, ownership, tenure, age, and targetdebt ratio. The results of this survey-based analysis indicate thatthere is some evidence of the application of basic corporate financetools that are inline with what is taught in classrooms. For example,we find that a surprising number of firms are widely using IRR nowas a …