Islamic finance now, is seen as a viable alternative to the conventional financial system, which has the prospect of high growth and application that could potentially provide the panacea to address issues and problems currently facing the conventional financial system. Since Islamic finance is growing at a rapid pace and has started to melee meaningful economic contributions in many countries, there is a growing interest on the role of Islamic finance in contributing to efficient functioning of the overall financial system and its relation to the real economic activities. The unique feature of Islamic finance which requires the cormpliancy to the Shariah in all its aspects, would result in an economy achieving the maqasid al-Shariah and obtaining the noble objective of socio-economic justice for all which is the major characteristic of an Islamic economy. This book aims to provide a comprehensive understanding about the characteristics, structure and operations of an Islamic financial system, particularly in performing its role as an integral component of the overall economic system. This involves an understanding on the foundation as well as evaluation on the concepts and stricture of the Islamic financial system, as well as the legal and regulatory framework facing the system. Comparisons are made between the Islamic financial system with its conventional counter-part so as to highlight the unique features of the Islamic financial system in mobilising financial capital in a Shariah-compliant manner, while pointing-out the economic implications of the difference between the two systems. Key principles and characteristics of the lslamic financial system, as well as the financial product or instruments traded in various segments of the system are highlighted. This includes the operations of each component of the Islamic financial system, starting from the Islamic money market, Islamic equity market, sukuk market, Islamic unit trusts industry, Islamic banking institutions, and Islamic non-bank financial institutions. Also critical to the functioning of the Islamic financial system is the monetary system, which in essence, relate the Islamic financial system to the overall economic system.
Islamic Financial System: Theory and Practice
RM100.00
Frequently Bought Together
| Weight | 0.85 kg |
|---|---|
| Dimensions | 23 × 15.5 × 2.3 cm |
| Author | |
| Binding | Paperback |
| Pages | 363 |
| ISBN | 9789674910365 |
| Publisher | IIUM Press |
Be the first to review “Islamic Financial System: Theory and Practice” Cancel reply
You must be logged in to post a review.
You may also like…
An Islamic Paradigm In Economics Vision And Mission
This book emphasises not only thoughts and theoretical concepts, but also discusses their application.
in the real world. Hence, it suggests that a holistic approach to economic development, which harmonises between material and spiritual well-being is not entirely idealistic but is, in fact, pragmatic and applicable.
Economic Security In Islam
This book is an English rendering of a popular Arabic book entitled Mushkala al-Faqr wa Kaifa ‘Aljiha al-Islam by the renowned Muslim Scholar ‘Yusuf al-Qaradawi. The author depicts the basic principles of the Islamic Economic System in the light of the Holy Qur’an and the Sunnah.
Islamic Finance in Malaysia: Growth & Development
This modern history of Islamic finance is pretty short spanning a period of roughly five decades, compared to conventional finance which goes back to more than four centuries earlier. Islamic finance has spread rapidly across the globe, reminiscent of Lao-Tzu’s famous saying “A journey of a thousand miles begins with a single step”. Malaysia, a pioneer in the development of the Islamic finance industry, has emerged as one of the major hubs for global Islamic finance.
Economic concepts of Ibn Taimiyah
This valuable work presents Ibn Taimiyah’s thoughts on the concept of Islamic economics, the state in the economy, on public finance, money, interest, prices, partnership, and profit-sharing, and offers a comparison of his ideas with those of some medieval scholars in Europe, along with a study of his influence on Islamic thinkers in later periods.
Islam And The Business Mind-Set
Written by one of the top young entrepreneurs in the North of England, Ilyas Salim is MD of Salim Enterprise, a global investment company.
From this book, you will learn how to:
- Create a business mentality
- Start a moral and ethical business
- Expand your business
- Work smarter, not harder
- Attract Barakah into your business
- Achieve not just a work/life balance, but a total life balance.
All this is within the framework of the Qur’an and Hadith and examples from the life of the Prophet Muhammad SAW.
Islamic Legal Maxims & Their Application in Islamic Finance (2nd Ed.)
Islamic Legal Maxims and Their Application in Islamic Finance is one of the most comprehensive compilations of Islamic legal maxims available in English. The most important feature of this book is that it explains each maxim in a way comprehensible to both Shari’ah experts and Islamic finance practitioners. Another feature is its emphasis on the application of the maxims in the actual practice of Islamic finance.
Related Products
Epistemological Integration Essentials of an Islamic Methodology
Epistemological Integration: Essentials of an Islamic Methodology is a program which seeks to construct an intellectual framework for Islamic methodology with a view to realizing practical training in the thoughtful investigation of issues related to knowledge in various fields. The book’s title affirms the distinctive types of integration that characterize Islamic methodology, including integration of sources, means, and schools of thought, as well as existing realities with desired ideals etc. This is fully consistent with human nature, as variety is fundamental to the functions people perform and skills they master. The work essentially makes the case that fundamental to any Muslim recovery is laying the foundations of sound thinking and values that integrate the two main sources of knowledge: Revelation and Reality (that is the created worlds both physical, societal and psychological) under the umbrella of Tawhid. Islamic methodology adopts that and extends human hopes to integrate efforts so that humanity can realistically achieve prosperity on earth and earn eternal happiness in the afterlife.
The Book Of Revenue
Kitab al-Amwal (The Book of Revenue) is the work of a brilliant legal mind. Abu Ubayd al-Qasim ibn Sallam provides us with an accurate record of legal precedents laid down in the first two centuries of Islam, in particular those pertaining to the sources of revenue and the avenues of public expenditure. The power of the book, however, lies in the method of the author and the analysis undertaken by him. He gathers together the traditions of the Prophet (pbuh), the opinions of his companions, and the views of eminent jurists, and then subjects them to legal analysis that is unparalleled in Islamic legal literature. The book is essential for every student of Islamic law, especially those who wish to master the art of interpreting and analyzing legal traditions and early precedents. In the discipline known as fiqh al-sunnah, there is no book or manual that can compete with this outstanding work.
The Hard Truth of Islamic Finance
What is the book all about? It seeks to strike a balance between objectives and expectations. While expectations are easy, meeting objectives is hard.
The book also aims at unlocking the real face of Islamic finance without any make-up or cosmetic touch-up. The moment it is linked to something external and artificial, it becomes cluttered.
For all intents and purposes, every discipline has its core torso and fabric. Islamic finance should have its own ‘DNA’ and identity. The book is simply about bringing Islamic finance back to its basics. You may add on additional verticals and layers but it cant be on the expense of its core foundation.
Management of Halal Food Quality
Management of Islamic-based development is a new mechanism in quality management including halal food quality. Considering the issue of integrity in halal food-quality management, efforts to empower the economy of the country through halal food are faced with obstacles and constraints. This book highlights issues commonly found in the management field. This is seen important as those in the management of halal food quality are sometimes trapped in issues that can tarnish Islam. The production of foods that are not pure in nature (halal status not genuine) can also have a negative effect on the morals and souls of Muslims.
Hajj & Umrah (Pocket Guide) – English Version
A useful pocket guide that includes the rites of Umrah,Hajj, and visiting Madinah.
Sukuk: Principles & Practices (P/B)
Sukuk are an important asset class which has captured the attention of a wide range of issuers and investors, regulators and sovereigns, and academics and market players. The sukuk industry has made remarkable leaps since its modern inception in the 1990s. It has grown in size and volume, evolved in structural possibilities, and successfully expanded the boundaries of the Islamic capital market to far-flung jurisdictions worldwide. Its promising future has led the International Shari’ah Research Academy for Islamic Finance (ISRA) and Securities Commission Malaysia (SC Malaysia) to collaborate to provide essential and comprehensive knowledge on this key instrument of the Islamic capital market.
Islamic Economics : Principles & Analysis (P/B)
Economics is a social science that studies the behaviour and interactions of economic agents and analyses how economies work at the macro- and micro-levels. It studies production, distribution and consumption of goods and services, identifies economic problems and phenomena, and addresses economic questions from a positive perspective (what is) as well as a normative (how it should be) perspective. Islamic economics examines the same areas as its conventional counterpart. However, it involves the application of Sharīʿah to the different economic functions and issues. It is postulated that Islam offers a better approach compared to conventional economics in managing economic activities and solving economic and social issues.
Islamic Financial System: Principles & Operations
This second edition of the book marks another milestone of a collaborative effort between prominent scholars and practitioners of the Islamic finance industry. It sheds light on the front line issues faced by the Islamic finance industry with academic rigor. Each chapter in the book is complete with figures, diagrams, tables, case studies, a set of review questions and problems and a list of references for further reading. It offers invigorating discussion on a comprehensive range of topics related to Islamic finance, combining both theoretical foundations and operational aspects.
The Future of Economics An Islamic Perpective
This profound book is a powerful yet balanced critique of mainstream economics that makes a forceful plea for taking economics out of its secular and occident-centered cocoon. It presents an innovative and formidable case to re-link economics with moral and egalitarian concerns so as to harness the discipline in the service of humanity
Recently Viewed
Activity Kit in Malay – Saya Hebat
An activity Kit is free to download. You can purchase a physical book HERE without this activity kit.
40 Kisah Palsu Tetapi Masyhur
Kisah ini bukan sekadar penyedap bicara. Jikalau benarnya tiada, maka dongeng nilainya lantas hilang hikmahnya. Jikalau kebetulan betulpun dianggap salah, apatah lagi yang tidak benar terutama berkaitan manusia.
Buku ini wajib dibaca oleh pendakwah, motivator, penceramah, pendidik, ibubapa, mahupun sesiapa sahaja supaya dapat kita betulkan yang biasa dan biasakan yang betul.
(Ustaz Ahmad Husni bin Abdul Rahman)
[HH] Bulugh Al-Maram (Arabic) – Darussalam
Bulugh Al-Maram is based upon the Ahadith of our Prophet which have been the sources of Islamic Jurisprudence. Al-Hafiz Ibn Hajar Al-Asqalani (Hijrah 777-853) has recorded the true significance of the Ahadith and their origins & also made a comparison of the versions, if the sources are more than one
Problems Muslim Face in Today’s World
Problems Muslims Face in Todays World ( Their Causes and solution based on the authentic sunnah and the way of our Predecessors ) By : Abu Isa Micheal Tofte Muslim todays,especialy _ but not exclusively – those living in the west,are faced with a variety of problems.there are the internal struggles of living an islamic lifestyle in a world dominated by western culture,the conflicts between parents and children,the challenge of being single in a society where one is surrounded by temptations caused by parents who refused to allow their children to get married,the strains on marriages,the repercussion among the various ideologies of Muslims today,and various other trials confronting our communities. We need a book for english reders that tackles these issues,explaining the reasons for these problems and providing specific recommendations for handling them,based on the Quran and the authentic sunnah of the prophet Muhammad. Problems Muslims Face in Today’s World is such a book.
[AC] Sharh Thalathah Al Usul / شرح ثلاثة الأصول
شرح الشيخ صالح العصيمي على ثلاثة الأصول للإمام محمد بن عبد الوهاب
طبعة مع التشكيل لأغلب النصوص
40 Hadith On Community Service & Activism
This book is a Muslim’s handbook to change the world. It provides the most relevant Hadiths that Muslims in the 21st century and beyond need to maximize their potential, serve their community, and leave a legacy.
Faatimah & Ahmed High Up On A Mountain
Tomorrow is the first of Ramadhan. But today Faatimah and Ahmed are going on a nature walk up a mountain and they come across a cave. Up on the mountain, they find out how a cave, Ramadhan and the revelation of the Quran are connected!
We are going to Makkah
A fun book exploring how do people get to Makkah, the sacred city. People converge to Makkah by different modes of transport from far far away. Zoom! Zoom! Bismillah! and off to Makkah we go!
The History of Islam 3 Vol (H/B)
History stands as the most effective and valuable source of putting nation on the course of progress and prosperity and saving them from the path of disgrace and degradation.
At a time, when there is tough competition among the nations of the world to excel one another, the Muslim, despite having the most glorious history, appear to be detached and careless as regards their history.
This book presents the true Islamic events and their actual causes before the English readers because the other books in the English language found on the Islamic history have been written by such authors and compilers who did no justice in presenting the true picture of Islamic Era but their prejudice prevented them from doing so.
Ghibah (Backbiting) : The Root Cause of All Evil : The Commands and Prohibitions of the Shariah
Islam is a religion of peace, love, and compassion. Lies, suspicion, backbiting, slander, vain talk — all these are anathema to Islam. Indeed, such negative activity sows the seeds of enmity among the people and ultimately brings about the downfall of society. Backbiting (ghibah) in particular, according to the Qur’an, is not just a common social evil, but rather an abhorrent act, a major sin — the equivalent of eating one’s brother’s flesh.
Numerous ahadith of the Prophet Muhammed (pbuh) also underscore the complete futility, extreme loathsomeness and grave consequences of the deliberate misrepresentation of others. Backbiting, by the unanimous rulings of religious scholars (ijma) is forbidden, so that anyone who indulges in it is guilty of serious wrongdoing. Yet people have no qualms about engaging in this practice, flouting all prohibitions and strict commands.
Drawing upon important source material on the subjects of backbiting, false accusation (bhutan), and related issues, this book highlights the need to keep our society free of his ignoble malaise. To this end, it elucidates the relevant commands and prohibitions of the Shari’ah, so as to create in the minds of its readers a deep awareness of the sinfulness and ill effects of calumny.
By Shakil Ahmad Khan and Wasim Ahmad


































































There are no reviews yet.