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…
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.
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.
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.
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.
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.
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.
Related Products
Your Money Matters (H/B)
This book highlights issues that are important and relevant to Muslims when they engage in tasks related to personal finances, business administration, investment, and work. Readers will find an overview of relevant excerpts from the Qur’an and the authentic Sunnah. Non-Muslims as well can gain valuable insights from this book that should prove useful in today’s multi-cultural business landscapes.
Public Policy: Beyond Traditional Jurisprudence A Maqasid Approach (IIIT)
This work charts new territory in Islamic scholarship by attempting to address the field of public policy from a maqasid (higher objectives of the Shariah) perspective. Public Policy is an independent discipline from both law and politics. Thus, Public Policy in Islam is introduced here as a qualitatively different enterprise from both fiqh (Islamic jurisprudence) and siyasah shar’iyyah (Shariah-oriented politics). The book deals with a number of critical topics that include methodology, governance, human rights, ethics, political power, and reform and renewal. It highlights how the maqasid approach is indispensable to the theory and practice of public policy in Islam, how it could resolve some of the most persistent governance dilemmas throughout Muslim history, but more significantly, how it forces a re-conceptualization of the wealth of knowledge available in Islam s primary sources to introduce Public Policy in Islam to mainstream policy studies.
The Higher Objectives of Humanity
A video summary of this book can be found here: https://www.youtube.com/watch?v=YdNQxv_ODdc&t=26s This book discusses the why, what and how of Rahmatan lil-Alamin as the higher objective of humanity. It presents a practical understanding of the purpose of creation and humanity to improve the individual and collective well-being of Muslims and society. The intention is to re-introduce and re-emphasize the correct Islamic perspective of humanity. The first five chapters revisits the common understanding among Muslims as to why mankind is created. We show that the prevalent view that we are created to worship Allah (SWT) is incomplete. There is a higher and more noble purpose; Rahmatan lil-Alamin (mercy to the worlds). We next describe the what of Rahmatan lil-Alamin. The best role model of Rahmatan lil-Alamin is undoubtedly Prophet Muhammad (SAW), the last and final prophet and messenger, whom Allah (SWT) sent with a very clear purpose, “And We have not sent you but as a mercy to the worlds.” [21:107]. We present many examples from the history of Prophet Muhammad (SAW) and a collection of his (SAW) sayings and advice on being the best. The final chapters of the book deal with the how of Rahmatan lil-Alamin. We describe in detail how the Muslim can apply Rahmatan lil-Alamin daily in his or her life. We propose a practical model of Rahmatan lil-Alamin that we induced from the Quran. We also addressed how to apply Rahmatan lil-Alamin to a broader society by proposing a decision-making tool that can guide us as persons and as communities to make decisions that conform to the foundations and priorities of Rahmatan lil-Alamin. We present case studies from the history of the Companions using this decision-making model. This book seeks to establish a connection between Islam and civilization within a civilizational and ethical framework. We believe that a more proper and complete understanding of the Islamic view about humanity may present to us new perspectives of Islam and how Muslims should engage with fellow Muslims and people of other faiths. In fact, the implication of this new reinterpretation framework goes even further in that: any human civilization built on this framework is the most prosperous for the whole and also for the individuals in it.
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.
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.
Riba: Usury or Interest
The Noble Qur’an states: {… Fear Allah, and give up what remains of your demand for usury/interest, if you are indeed believers. If you do not do so, then take notice of war from Allah and His Messenger.} (Qur’an 2: 278-279) Despite this obvious prohibition, the practice of ribâ (usury and interest) has polluted the global economy completely. This booklet explains the awful consequences of dealing in usury and interest in a summarized but convincing manner.
A Mini Guide to Takaful (Islamic Insurance)
This Mini Guide will prove useful and constructive to readers who want a better understanding of the takaful industry in contemporary Islamic finance.
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.
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.
Recently Viewed
Singing and Music In Islamic Perspective (H/B)
This compelling and beautifully researched book clarifies the rulings on singing and music and the harm they inflict on the heart, the individual, the family, and the ummah. It warns Muslims about the danger of these matters, which causes corruption and immorality. These things turn people away from the Qur’an, worship, and obedience – the keys to the beautification and serenity of the heart; the removal of all worries and distress; and happiness in this world and the next.
Indispensable Implication of Sunnah (P/B)
The author has discusses the topic of innovation in Islam. For example, he proves that celebrating the Prophet’s birthday is not right according to the Qur’an and Sunnah.
[CB]I Say Bismillah
Muslims should say Bismillah many times in a day. “Bismillah” means in the name of God in Arabic.
Nabil and Noura’s mum has just made some cupcakes. Will they remember to say Bismillah, or will the temptation be too much?
( E-Book) Stop Worrying & Start Living
This book seeks to guide and make ease to the grieving and despondent souls who are in a quagmire of vexation in a manner that varies from other typical motivational books that discusses on worry, sadness and grief; and from those which discuss fortune (or success). It addresses to the endogenous core of the heart and soul, correlating it with Faith, showing and making distinct of what the aspects of Faith has to do with a person’s well-being. It removes the obscurities and perplexities that binds the heart and soul of many of the children of Islam. Those whom Shaytan invites to wretchedness, sin, despair, grief and hopelessness in the Mercy of Allah.
Abdullah bin Sa’eed Safar Al-Husnee Az-Zahranee captures 40 ways to dispel and eradicate sorrow and grief and to gain a happy and pleasant living. It explains how you adjust in difficult situations so that you hand out to us from it flower, rose and jasmine!
Corporate Matrimony
If you have ever made a friend, dated somebody, married or divorced your partner, you have a hidden talent for Sales and Marketing.
Corporate Matrimony aims to bring the core essence of Sales and Marketing through the metaphors of relationship building towards marriage, sharing a journey of how to woo Clients into signing long-term, profitable and mutually benefiting partnerships.
It is suitable for readers of any background and encourages a mind shift that Sales and Marketing skills can be nurtured. A book that combines both ends of the business world; it shares insights by a worldly top management leader and “on the ground – facing Clients – war zone” techniques of the ever evolving middle manager.
Goodword Islamic Studies Textbook for Class 6
This course has been designed to present the young students comprehensive Islamic education, comprising general Islamic knowledge based on the Quran and Hadith. Instead of teaching moral principles directly, they are taught through themes chosen from the Quran and other Islamic sources. A major portion of the course comprises the text of the Quran, which is followed by exercises to test the depth of understanding of the students. Though basically intended for use as a school text book, it is also an ideal tool for home schooling involving both the parents and the children. In this way children will nt only learn the ethical values conveyed by the message of Islam but will also be stimulated to want to know more about Islamic teachings when they grow up..
[CB] Mallazi Tuhibbuhu Battatun AsSagheera (Arabic) / ما الَّذِي تُحِبُّهُ البَطَّةُ الصَّغيرة؟
تحذيرا كما مع جميع الفتحات التي يستخدمها الصغار يوضى بإشراف الكباري
Healing the Emptiness
Many of us have lost our way in this life. Some people have given up hope, as they see no way out of their pain, their problems, their failures. Some people carry years of shame and self-hatred. And some live with a deep emptiness, despite worldly success.
But there is hope. And there is always a road back. Just as we were sent on this worldly journey with the capacity to fall, we were also given the capacity to rise. Just as we would bleed, we would also heal. We would be designed with the divine capacity to cope. To survive. To even thrive through the storms. Each and every one of us would be given the God-given potential to see through the darkness. To rise through the cold. To break again and again, and to heal again and again. And then to be even more beautiful at the broken parts. This book provides a step-by step guide for healing these broken parts-our emptiness.
The Way to Jannah – 2nd Edition (Learning Roots)
The cute baby book!
- Ages 3-5
- Boad Book
- Lift-the-Flap
A Student’s First Guide to Juz ‘Amma
Introducing a comprehensive textbook for learning and understanding the 30th and final Juz (part) of the Holy Qur’an.
A Guide to Male-Female Interaction
Are Muslim men allowed to interact with female students, and vice versa, in a virtual classroom? Can a Muslim woman pursue a professional career that necessitates her interaction with men? Is it appropriate for a woman to serve her husband’s guests? Do mixed wedding ceremonies comply with the Sharia? Read this bilingual book to find the answers and more!




































































There are no reviews yet.