البحوث المنشورة

Book/Chapter in Book Publications

• ​Smolo E. (forthcoming) “Financial markets and integration: The case of Bosnia and Herzegovina." In Nielsen, K. L. (Ed.), Economics of Transitions.​
• Smolo, E., & Šiljak, D. (2022). Bosna-Hersek'teki Güncel Makroekonomik Gelişmeler [Current Macroeconomic Developments in Bosnia and Herzegovina]. In E. Topcu & M. Mulalić (Eds.), Bosna-Hersek: Ekonomi ve Siyaset Çerçevesinde Ülke Analizi (pp. 157–203). İTO (İstanbul Ticaret Odası). ISBN 78-605-137-891-6.
• Smolo E. (2022) “Islamska ekonomska misao i slobodno tržište: uloga islamskih učenjaka." In Čavalić, A. and Mehmedović, R. (Eds.), Slobode u muslimanskom svijetu. (pp. 95-131). Tuzla: Udruženje građana “Multi". ISBN 978-9926-8496-8-9.
  
• Smolo E. (2022) “The Importance of FDI and Institutions in the Development of the Western Balkans." In Mulalić, M., Topcu, E., & Muhasilović, J. (Eds.), The Western Balkans Cooperation, Geopolitics and Economic Transitions and Relations, (pp. 246-260). Sarajevo: International University of Sarajevo. ISBN 978-9958-896-54-5.
• Smolo E. (2020) “Does Bank Concentration and Financial Development Contribute to Economic Growth? Evidence from OIC Countries." In Ali, A. E. S., Ali, K. M., & Azrag, M. H. (Eds.), Enhancing Financial Inclusion through Islamic Finance, Volume II. Palgrave Studies in Islamic Banking, Finance, and Economics. Palgrave Macmillan, Cham. ISBN 978-3-030-39938-2, https://doi.org/10.1007/978-3-030-39939-9_3.
  
• Smolo E. (2020). Islamic Finance and Limited Purpose Banking (LPB): Two Sides of the Same Coin. In Rafay, A. (Ed.), Growth and Emerging Prospects of International Islamic Banking, (pp. 100-116). Hershey, PA: IGI Global. ISBN 978-1-799-81611-9. https://doi.org/10.4018/978-1-7998-1611-9.
  
• Smolo E. (2019). The Role of Waqf (Endowment) in Economic Development of Bosnia & Herzegovina: A Historical Overview and Future Prospects. In Ali, K.M., Hassan, M.K., & Ali, A.E.E.S. (Eds.), Revitalization of Waqf for Socio-Economic Development, Volume I, (pp. 59-83). Palgrave Macmillan. ISBN 978-3-030-18445-2. https://doi.org/10.1007/978-3-030-18445-2.
  
• Smolo, E. (2019). The effect of bank concentration and financial development on economic growth and income volatility: evidence from the OIC countries. (Doctoral dissertation), INCEIF, Kuala Lumpur.
  
• Haneef, R. & Smolo E. (2015). Sukuk Markets. In ISRA, Islamic Capital Markets: Principles & Practices, (pp. 411-471). Kuala Lumpur: ISRA & Securities Commission Malaysia. ISBN 978-967-349-626-4.
  
• Haneef, R. & Smolo E. (2014). Reshaping the Islamic Finance Industry: Applying the Lessons Learnt from the Global Financial Crisis. In Ahmed, H., Asutay, M., & Wilson, R. (Eds.), Islamic Banking and Financial Crisis: Reputation, Stability, and Risks, (pp. 21-39). Edinburgh: Edinburgh University Press. ISBN 978-0-7486-4761-3. DOI: 10.3366/edinburgh/9780748647613.003.0002
  
• Smolo E. (2013). Uvod u islamsku ekonomiju i finansije: teorija i praksa. Sarajevo: Dobra Knjiga. ISBN 978-9958-27-128-1.
• Mirakhor, A. & Smolo E. (2013). Risk Sharing as the Epistemological Foundation of Islamic Finance. In Kamali, M.H. & Yussof, S. A. (Eds.), Islamic Transactions and Finance: Principles and Developments, (pp. 29-66). Kuala Lumpur: The Malaysian Current Law Journal Sdn. Bhd & International Institute of Advanced Islamic Studies. ISBN 978-967-0379-32-6.
  
• Mirakhor, A. & Smolo E. (2012). Discovering the Roots of Conventional and Islamic Finance. In Dar, Humayon (Ed.), Global Islamic Finance Report (GIFR) 2012, (pp. 148-153). London: Edbiz Consulting Limited. ISBN 978-0-9570932-0-1.
• Smolo E. (2012). An Overview of Islamic Microfinance. In Trakic, A. & Tajuddin, H. H.A. (Eds.), Islamic Banking and Finance: Principles, Instruments and Operations, (pp. 217-237) Ampang: The Malaysian Current Law Journal. ISBN 978-967-0379-01-2.
• Smolo E. and Habibovic E. (2012). Barriers to Growth of Islamic Finance: Issue of Standardization. In Trakic, A. & Tajuddin, H. H. A. (Eds.), Islamic Banking and Finance: Principles, Instruments and Operations, (pp. 715-737). Ampang: The Malaysian Current Law Journal. ISBN 978-967-0379-01-2.
• ISRA. (2011). Islamic Financial System: Principles & Operations. Kuala Lumpur: ISRA. ISBN 978-967-349-127-8 (Project Coordinator and co-author of three chapters).
  
• Smolo E. & Hassan, M. K. (2010). Capital Adequacy Requirements for Islamic Financial Institutions: Key Issues. In QFINANCE (Ed.), Islamic Finance: Instrument and Markets, (pp. 61-66). London: Bloomsbury Information Ltd. ISBN 978-1-84930-017-9. DOI: 10.5040/9781472920379.0015.
• Smolo E. (2010). Al-Bay' Bithaman Ajil, Musharakah Mutanaqisah and Ijarah Sukuk: A Theoretical Comparison. Saarbrücken, Germany: Lambert Academic Publishing. ISBN 978-3-8383-5041-7.​

Journal Publications

• Smolo, E. (under review). Finance-Growth Nexus: Evidence from Systemically Important Islamic Finance Countries. Journal of Islamic Accounting and Business Research.
  
• Smolo, E., Jahangir, R., Nagayev, R., Aysan, A. F. (forthcoming). Back to Normal? Performance of Leading Islamic Capital Markets since the COVID-19 Outbreak. Heliyon (Special Issue).
• Šeho, M., & Smolo, E. (under review). Sectoral loan and financing diversification, market structure and bank stability in a dual-banking system/of conventional and Islamic banks. Journal of Banking and Finance.
  
• Hanić, A., & Smolo, E. (forthcoming). Islamic Approach to Corporate Social Responsibility: An international model for Islamic Banks. International Journal of Islamic and Middle Eastern Finance and Management.
• Smolo, E., Jahangir, R., Nagayev, R. (2022). Performances of Islamic and Conventional Equities during the Global Health Crisis:  Time-Frequency Analysis of BRICS+T Markets. Review of Financial Economics, 40(3), 259-280.
• Smolo, E. (2021). The FDI and Economic Growth in the Western Balkans: The Role of Institutions. Journal of Economic Cooperation and Development (JECD), 42(4), 147-170.
  
• Smolo, E. (2021). Islamske finansije u doba Fintecha: Kratak osvrt. Glasnik. LXXXIII(1-2), 43-60.
• Smolo, E., Ibrahim, M. H., & Dewandaru, G. (2021). Impact of Bank Concentration and Financial Development on Growth Volatility: The Case of Selected OIC Countries. Emerging Markets Finance and Trade, 57(7), 2094-2106. DOI: https://doi.org/10.1080/ 1540496X.2021.1903869. (SSCI)
• Smolo E., Šeho M., and Čavalić A. (2020). Fintech and Islamic Finance: A Critical Appraisal. Acta Catallactics, 1(1), 34-41.
  
• Smolo E. and Musa, A.M. (2020). The (mis)use of al-Hilah (legal trick) and al-Makhraj (legal exit) in Islamic finance. Journal of Islamic Accounting and Business Research, 11(9), 2169-2182. DOI: https://doi.org/10.1108/JIABR-01-2020-0009
• Smolo E. (2020). Bank Concentration and Economic Growth Nexus: Evidence from OIC Countries. Applied Finance Letters, 9, 81-111. DOI: https://doi.org/10.24135/afl.v9i2.206.
  
• Smolo, E., Šeho, M., & Hassan, M. K. (2020). Development of Islamic Finance in Bosnia and Herzegovina. Journal of Economic Cooperation and Development (JECD), 41(1), 121-144.
  
• Šeho, M., Bacha, O. I., & Smolo, E. (2020). The effects of interest rate on Islamic bank financing instruments: cross-country evidence from dual-banking systems. Pacific-Basin Finance Journal. 62. DOI: https://doi.org/10.1016/j.pacfin.2020.101292. (SSCI)
  
• Smolo, E, & Mirakhor, A. (2014). Limited Purpose Banking (LPB) and Islamic Finance: Could LPB Model Be Applied to Islamic Finance? Humanomics, 30(2), 122-135. DOI: https://dx.doi.org/10.1108/H-08-2013-0053.
• Mirakhor, A. & Smolo, E. (2014). Epistemological Foundation of Finance: Islamic and Conventional. Islamic Banking and Finance Review, 1(1), 1-24.
  
• Mirakhor, A. & Smolo, E. (2012). The State of Islamic Finance: Post-Crisis and Future Prospects. Money and Economy, 6(3), 1-39.
  
• Mokhtar, S., Mokhtar, H.S.A., Smolo, E., & Mirakhor, A. (2012). Interest Free Banking as Means of Inclusive Finance in India: The Malaysian Paradigm. Australian Journal of Islamic Banking and Finance (AJIBF), 1(1), 1-26.
  
• Smolo, E. (2011). An Overview of Microfinance Sector in Bosnia and Herzegovina: Is There a Room for Islamic Microfinance? Journal of Islamic Economics, Banking and Finance, 7(2), 85-105.
  
• Smolo, E. & Hassan, M. K. (2011). The Potentials of Mushārakah Mutanāqisah for Islamic Financial Institutions: An Overview. International Journal of Islamic and Middle Eastern Finance and Management, 4(3), 237-258. DOI: https://doi.org/10.1108/17538391111166476.
  
• Haneef, R., Kunhibava, S., & Smolo, E. (2011). Mushārakah Mutanāqisah and Legal Issues: Case Study of Malaysia. ISRA International Journal of Islamic Finance, 3(1), 93-122.
  
• Smolo, E., & Ismail, A.G. (2011). A Theory and Contractual Framework of Islamic Micro-Financial Institutions' Operations. Journal of Financial Services Marketing, 15(4), 287-295. DOI: https://doi.org/10.1057/fsm.2010.24.
• ​Smolo, E. & Mirakhor, Abbas (2010). The Global Financial Crisis and Its Implications for the Islamic Financial Industry. International Journal of Islamic and Middle Eastern Finance and Management, 3(4), 372 – 385. DOI: https://doi.org/10.1108/17538391011093306. (SSCI)
  
• Smolo, E. (2010). Al-Bayc Bithaman Ājil (BBA) as Practiced in Malaysia: A Critical Review. Journal of Islamic Banking and Finance, 27(1), 60-75.​

Conference Proceedings, Conference and Seminar Papers

• Smolo E. (forthcoming). 'The Finance-Growth Nexus and the Role of Institutional Development: A Case Study of the Western Balkan Countries'. A paper to be presented at the International Conference on Sustainable Development. Sarajevo, Bosnia & Herzegovina, June 23-26, 2022.
• Smolo E. (2022) “Islamska ekonomska misao i slobodno tržište: uloga islamskih učenjaka." A paper presented at the conference Slobode u muslimanskom svijetu, Sarajevo, May 17, 2022.
  
• Smolo E. (2021). 'The Institutions-Finance-Growth Nexus: The Case Study of EU and European Transition Economies'. A paper presented at the XV. International Balkan and Near Eastern Congresses Series on Economics, Business and Management. Plovdiv, Bulgaria, May 29-30, 2021 (Online).
• Smolo E. (2021). 'The FDI and Economic Growth in the Western Balkans: The Role of Institutions'. A paper presented at the International Conference “Shaping The Future: Digital Economy and Recent Technology Trends". Tirana, Albania, 23 Apr 2021 (Online).
• Smolo E. (2021). 'Finance-Growth Nexus: Evidence from Systematically Important Islamic Finance Countries.' A paper presented at the 11th Foundation of Islamic Finance Conference (FIFC). Kuala Lumpur, Malaysia, 20-22 March 2021 (Online). The best paper award.
  
• Smolo E., Ibrahim M.H. and Dewandaru G. (2020). 'Bank Concentration, Financial Development and Income Volatility: Evidence From The OIC Countries.' A paper presented at the 14th Bulletin of Monetary Economics and Banking (BMEB). Organized by Bank Indonesia and APAEA, Jakarta, Indonesia, 27-28 August 2020 (Online).
  
• Smolo E., Šeho M., and Čavalić A. (2020). Fintech and Islamic Finance: A Critical Appraisal. In D. Bećirović & H. Delić (Eds.) Zbornik Radova – Book of Proceedings (pp. 149-157). Tuzla: Internacionalna poslovno – informaciona akademija. ISSN 2566 – 4514 (Print) ISSN 2566 – 4522 (Online).
• Smolo, E. and Šeho, M. (2020). 'Development of Islamic Finance in Selected Balkan Countries: Prospects and Challenges.' A paper presented at the 12th Conference on Islamic Economics and Finance: Sustainable Development for Real Economy. Organized by Islamic Research and Training Institute (IRTI) and Istanbul Sabahattin Zaim University (IZU), 14-20 June 2020 (Online).
• Smolo, E. (2018). 'Does Bank Concentration and Financial Development Contribute to the Economic Growth? Evidences from the OIC Countries.' A paper presented at the The Role of Islamic Financial Inclusion in Achieving Sustained Economic Growth and Poverty Alleviation in IsDB Member Countries. Organized by IRTI in collaboration with Ibn Sina University, Khartoum, Sudan, November 25-28, 2018.
  
• Smolo, E. (2017). 'The Role of Waqf (Endowment) in Economic Development of Bosnia & Herzegovina: A Historical Overview and Future Prospects.' A paper presented at the Research Workshop on Revival of Waqf for Socio Economic Development. Jointly organized by IRTI, Islami Bank Bangladesh Limited (IBBL), & Center for Zakat Managment (CZM), Dhaka, Bangladesh, November 4-5, 2017. Bangladesh.
  
• Smolo, E. (2015). 'Introduction to Islamic Accounting.' A paper presented at the 26st Annual Islamic Banking Conference: “Global Experience of Islamic Finance: Financing Modes, Instruments, Services and Products". Organized by Iran Banking Institute, Central Bank of the Islamic Republic of Iran, Tehran, Iran, 1-2 September 2015.
  
• Smolo, E. & Mirakhor, A. (2012). 'Limited Purpose Banking (LPB) and Islamic Finance: Could LPB Model Be Applied to Islamic Finance?' In Proceedings of the 2nd Global Islamic Marketing Conference, Abu Dhabi 17-18 January 2012. The United Arab Emirates University and the International Islamic Marketing Association, Abu Dhabi, UAE, pp. 140-148.
  
• Smolo, E., Haneef, R., & Hasan, S.M. (2012). 'Islamic Banks and the Issue of Late Payment Charges: Some Issues to Ponder.' In Proceedings of the 2nd Global Islamic Marketing Conference, Abu Dhabi 17-18 January 2012. The United Arab Emirates University and the International Islamic Marketing Association, Abu Dhabi, UAE, pp. 156-164.
  
• Vejzagic, M. & Smolo, E. (2011). 'Maqasid Al-Shari'ah in Islamic Finance: An Overview.' In Z. Kefeli, N. Ahmad, A. Shaharuddin, Z. Shafii, & H. Misbah (Eds.) Post-Crisis Economic Challenges for the Contemporary Muslim Ummah: Proceedings of the 4th Islamic Economic System Conference 2011 (iECONS 2011), 4-5 October 2011. Universiti Sains Islam Malaysia (USIM), Nilai, Malaysia, pp. 511-527.
  
• Mirakhor, A. & Smolo, E. (2011). “The State of Islamic Finance: Post-Crisis and Future Prospects." A paper presented at the 21st Annual Conference on Monetary and Exchange Rate Policy. Organized by Monetary and Banking Research Institute, Central Bank of the Islamic Republic of Iran, Tehran, Iran, 17-18 May 2011.
  
• Smolo, E. (2011). “An Overview of the Global Financial Crisis and Islamic Finance: Is Islamic Finance a Viable Alternative?" A paper presented at the International Conference on Banking and Finance Perspectives (ICBFP`2011). Organized by Department of Banking and Finance, Eastern Mediterranean University, Famagusta – North Cyprus, 13-15 April 2011.
• Haneef, R., Kunhibava, S., & Smolo, E. (2011). “Mushārakah Mutanāqisah and Legal Issues: Case Study of Malaysia." A paper presented at the Second Foundation of Islamic Finance Conference: “Islamic Banking Products: Theory, Practice & Issues." Organized by Universiti Putra Malaysia, Kuala Lumpur, Malaysia, 8-10 March 2011.
  
• Yaacob, H., Mohammad, M. & Smolo, E. (2010). “International Convention for Islamic Finance:  Towards a Standardisation." A paper to be presented at the Annual Conference on Islamic Banking and Finance. Organized by Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI), Manama, Bahrain, 1-2 December 2010.
  
• Haneef, R. & Smolo, E. (2010). “Reshaping the Islamic Finance Industry: Applying the Lessons Learnt from the Global Financial Crisis." A paper presented at the Durham Islamic Finance Conference 2010: “Islamic Finance and Financial Crisis: Issues at Regulatory, Organizational and Product Levels," Organized by Durham University, Durham, U.K. and IRTI, Jeddah, Saudi Arabia, 14-15 July 2010.
• Smolo, E. & Habibovic, E. (2010). “Islamic Banking and Finance beyond Borders: Issue of Standardization." A paper presented at the International Conference on Islamic Banking & Finance: “Cross Border Practices & Litigations." Organized by Harun M. Hashim Law Centre, International Islamic University Malaysia, Kuala Lumpur, Malaysia, 15th – 16th June 2010.
• Mokhtar, S., Mokhtar, H.S.A., Smolo, E. & Mirakhor, A. (2010). “Interest Free Banking as Means of Inclusive Finance in India: The Malaysian Paradigm." A paper presented at the International Conference on “Interest Free Banking as Means of Inclusive Finance in India." Organized by Department of Economics, AKI's Poona College of Arts, Science & Commerce, Pune, India, 19-20 March 2010.
• Smolo, E. (2009). “Sustainable Growth of Islamic Financial Industry (IFI): Some Unresolved Issues." A paper presented at Curtin International Business Conference. Organized by School of Business, Curtin University of Technology, Sarawak, Malaysia, 10th-12th December 2009.
  
• Dusuki, A.W. & Smolo, E. (2009). “Islamic Hedging: Rationale, Necessity and Challenges." A paper presented at International Seminar on Muamalat, Islamic Ekonomics and Finance (SMEKI 09). Organized by the Syariah Department, Faculty of Islamic Studies and the Islamic Economics and Finance Research Group (EKONIS), Faculty of Economics and Business, Universiti Kebangsaan Malaysia (UKM), Selangor, 20th-21st October 2009.
  
• Smolo, E. & Kaseb, A. B. (2009). “Islamic Home Financing in Saudi Arabia." A paper presented at International Seminar on Muamalat, Islamic Ekonomics and Finance (SMEKI 09).
  
• Musa, A.B.M. & Smolo, E. (2009) “Al-Hilah (legal trick) and al-Makhraj (legal exit): The Difference Between the Two and Their Application in Islamic Finance." A paper presented at International Seminar on Muamalat, Islamic Ekonomics and Finance (SMEKI 09).
• Smolo, E. & Smolo, A. (2009). “Microfinancing in Bosnia and Herzegovina: Prospects and Challenges for Development of Islamic Microfinancing Sector." A paper presented at the 1st Unilorin International Conference on Islamic Banking and Finance. Organized by IRTI, Jeddah and University of Ilorin, Ilorin, Nigeria, 6th-8th October 2009.
  
• Smolo, E. (2007). “Microcrediting in Islam." A Paper presented at IIUM International Conference on Islamic Banking and Finance. Organized by IIUM Institute of Islamic Banking and Finance (IiiBF), Kuala Lumpur, Malaysia, 23rd-25th April 2007.
• Smolo, E. (2007). “Utilizing Mushārakah Mutanāqisah Partnership for Micro and Medium Enterprises (MMEs)." In First International Conference on Inclusive Islamic Financial Sector Development: 'Enhancing Islamic Financial Services for Micro and Medium Sized Enterprises [MMES] Vol. 1 (pp. 237-288). Brunei: University Brunei Darussalam & IRTI.
  
• Smolo, E. (2007). “A Theoretical Comparison between Al-Bayc Bithaman Ājil, Mushārakah Mutanāqisah Partnership and Ijārah Sukūk" (prevod naslova: Teorijska komparacija između Al-Bayc Bithaman Ājil, Mushārakah Mutanāqisah partnerstva i Ijārah Sukūk) objavljena magistarska teza, Međunarodni Islamski Univerzitet Malezija, Kuala Lumpur [objavljena].​

Editing and Translating