A research paper funded by ACK titled “Financial Inclusion and Bank Stability – Comparative Evidence between Islamic and Non-Islamic Banks” won the prestigious International Journal of Islamic and Middle Eastern Finance and Management (IMEFM) Best Paper Award during the 23rd Malaysian Finance Association International Conference 2021 (MFAIC 2021).
The paper’s principal investigator is Dr. Sadeq Damrah; Assistant Professor at the Mathematics & Physics department at ACK, and among the co-investigators was Dr. Ahmed Bani Mustafa, Head of the Mathematics and Physics Department at ACK.
Noting, the MFAIC 2021 conference took place virtually while Dr. Damrah represented the study, giving a talk about the research and its findings. The International Journal of Islamic and Middle Eastern Finance and Management, which is a leading Q2 journal that publishes quality and in-depth analysis on current issues within Islamic and Middle Eastern finance and management awarded the Best Paper Award the project.
The paper focused on Financial Inclusion in Kuwait applying advanced statistical methods to the banking and financial sectors. From his end, Dr. Bani Mustafa described the results of the research as very valuable and noted that its findings can assist in better implementation of various facets of the financial and banking system in Kuwait.
Commenting on the achievement, Dr. Damrah said: “I would like to thank ACK for their continuous support for academic research done by its professors, and we hope to use our research findings to come up with recommendations that will help Kuwait and its economy.”