It is well established in finance theory that credit markets characterized with high asymmetric information, leads to severe distortion and sometimes complete collapse of the formal credit market. Financial contracts or services will not be written under this condition. The contracts between borrower and lender will only be honored if the element of trust exists in such transactions. In this co…
Abstract The discourse on the presence of Islamic banking in the global era went broadly and extensively. It is because the society has begun realizing the existence of Islamic banking. Islamic banking does able to show its resilience and endurance facing the global financial crisis. A part from its positive growth, there exist a critical issue related to it performance measurement. For the…