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 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 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.
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.
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 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.
Related Products
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
Islamic Capital Markets: Principles and Practices (P/B)
KEY FEATURES OF THE BOOK
* It elucidates the principles and practices of the Islamic capital market with academic rigours.
* It sheds light on the cutting-edge practical issues faced by the industry.
* Every chapter contains relevant case studies and supportive illustrations.
* Multiple Choice Questions (MCQs) and discussion questions are provided at the end each chapter.
KEY SUBJECTS
Shari’ah framework, Regulatory framework, Corporate and Shari’ah governance, Risk management, Accounting and taxation, Sukuk Islamic equity market, Islamic unit trust, REITs and ETFs, Islamic private equity and venture capital, Islamic derivatives and hedging and Islamic structured investment products.
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.
Manufacturing of Halal Pharmaceuticals (P/B)
This book aims to cover the fundamental aspects of pharmaceutical manufacturing from the Islamic worldview to inspire students that whatever they do including very mundane routine work such as checking pH can be an ‘ibādah – if they work within the sphere of Islamic teachings and in shā’ Allah all the time and effort will be rewarded by Allah SWT. The first chapter describes the Islamic perspectives towards the safeguarding of life vis-à-vis the use of medicines or pharmaceuticals and can be considered as an overview for the Islamic manufacturing practices. Although this book is about the manufacturing of pharmaceuticals, other industries may benefit from the discourse and examples given. As much as possible, processes and regulations are described in the book so that it covers the syllabus of industrial pharmacy for undergraduate use and still can be referred for postgraduate studies.
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.
Zakat and Poverty Alleviation (P/B)
This edited book aims to raise issues pertaining to the topic of zakat and its primary goal of poverty alleviation. It portrays the dynamism of zakat by highlighting pertinent issues on the management of zakat institutions and innovative programmes that are designed as effective distribution mechanisms. Discussions include zakat payment motives, ways to measure the efficiency of zakat disbursement, economic development initiatives, housing programme, microfinancing, and actual impact on poverty alleviation. The discussions raised put emphasis on policy-orientation with dedicated sections on policy implications and recommendations. This approach is deemed necessary since it could guide the thought process of interested parties towards the creation of new ideas to actualize zakat as a very reliable tool in addressing the massive problem of poverty among Muslim communities. This special feature also significantly adds to the much-needed reference materials in courses on zakat at the intermediate level of undergraduate studies and introductory level of postgraduate programmes.
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.
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.
Hajj & Umrah (Pocket Guide) – English Version
A useful pocket guide that includes the rites of Umrah,Hajj, and visiting Madinah.
Recently Viewed
A Guide to Parenting in Islam: Addressing Adolescence
| Addressing Adolescence is a parent-to-parent handbook outlining how to tackle the challenges of parenting adolescents within an Islamic ethos in a pluralist society.
It covers: |
[AR] Kayfa Tutkinun Sorfa (كيف تتقن الصرف التَّطبِيقُ مِنَ الْقُرْآنِ الْكَرِيمِ وَالسُّنَّةِ النَّبَوِيَّةِ)
كيف تتقن الصرف
التَّطبِيقُ مِنَ الْقُرْآنِ الْكَرِيمِ وَالسُّنَّةِ النَّبَوِيَّةِ
—-
اسم المؤلف : احمد اسكندر
I Love Arabic: Alphabet
Arabic Alphabet, the first book in the I Love Arabic series, introduces young learners to the Arabic letters. This helpful and captivating book presents each letter with a delightful illustration, which ensures rapid and enjoyable learning. Arabic Alphabet is an exciting first book for young Arabic learners. Arabic Alphabet develops these skills: * Sequencing letters * Identifying letters.
Abraham – The Friend Of God
Abraham, as a prophet and patriarch, is called “the friend of God” in Jewish, Christian, and Islamic scriptures, and has a place of eminence in the shared scriptures and histories of each of these three monotheistic, prophetic, and Middle Eastern religions.
In Abraham: The Friend of God, Dr. Dirks provides Jewish, Christian, and Muslim readers with a unique and original presentation of the life of Abraham. In constructing a chronological biography of Abraham, the author integrated and synthesized information from a wide range of Judaeo-Christian and Islamic traditions, including the Bible, the Pseudeigrapha (I.e. Jubilees and the Genesis Apocryphon), the Qur’an, the authenticated sayings (Sahih Ahadith) of Prophet Muhammad, and the classic books of ancient history authored by Josephus and Al-Tabari. This integrated biographical sketch is embedded in a framework drawn from the various historical and geographical contexts dealing with different aspects of Abraham’s life.
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.
The Concise Presentation of the Fiqh of the Sunnah and the Noble Book
Written by Dr. Abdul-Azeem Badawi and translated by Jamal al-Din M. Zarabozo, The Concise Presentation of the Fiqh of the Sunnah and the Noble Book covers the fiqh of diverse topics like purity, prayer, fasting, zakah, pilgrimage, marriage, business transactions, foods, inheritance, criminal offenses, and jihad. Dr. Badawi relies only on the Quran and the Sunnah, making it an authentic Islamic book on fiqh and a collection of sound hadiths.
A Treasury of Hadith
This classical short commentary on Imam Nawawi’s famous collection of forty-two traditions of the Prophet Muhammad, may Allah bless him and give him peace, is an authoritative introduction to key Islamic principles and teachings, Accounted as hadith master, in this collection Imam Nawawi collected together those traditions that he considered were axial to the entire Islamic faith. As the first title in Kube’s new Treasury Series in Islamic Thought and Civilization, this accessible translation is presented in a beautiful gift format.
Ibn Daqiq al-‘Id (d.1302) was a Shafi’i mujtahid imam, who was educated in Damascus, Alexandria, and Egypt. Accounted as one of the greatest scholars in Islam in the fundamentals of law and belief, he wrote extensively in the areas of law, principles of jurisprudence, hadith, and tenets of faith. Imam Nawawi (d.1277) was accounted as an Imam of the later Shafi’i school and was known for his piety and knowledge.
Activity Kit in Malay – Saya Hebat
An activity Kit is free to download. You can purchase a physical book HERE without this activity kit.
365 Dua with Stories (H/B)
This book, with its simple yet profound dua and stories, set in the circumstances of our daily existence, expresses the joy and challenges of life. Reading these prayers and stories, children will come to know how ordinary incidents and day to day activities are such important subjects for prayer and why they should be thankful to Allah.
These charming stories and heart-warming prayers, enlivened by stunning and colourful illustrations, will become a wonderful accompaniment for children on their path to understanding the glory and kindness of Allah and will bring them closer to their Creator.
By Ali Kara Cam and Hasibe Sahin
Reviving The Balance
This work studies the position of the Sunnah in Islam and its fundamental relationship to the Qur’an. The author carefully examines the sensitive issue of the development of the oral and written traditions, the problems scholars faced despite painstaking work verifying the authenticity of reports, the character of narrators, etc. and the ever growing complexity of a body of narratives that were making the simplicity and clarity of the Prophet’s life, words, and actions, a burgeoning maze of information. Taking the praiseworthy intention and effort to emulate the Prophet into account, the author nevertheless makes the case that once the Sunnah had been collected, the Muslim community began to neglect the Qur’an in favor of narrations of what the Prophet had done and said on the pretext that such narratives “contained” the Qur’an. Eventually they then abandoned the Sunnah narratives in favor of Islamic jurisprudence on the pretext that Islamic juristic texts tacitly included both the Qur’an and the Sunnah. It is with the aim of restoring the relationship between the two that this work has been written, that is, the Prophetic Sunnah must be tied inextricably to the Qur’an in a way that allows for no contradiction or conflict between the two, to avoid misapplication and abuse of hadith, and to meet the requirements and challenges of a new age.
A Brief Illustrated Guide to Understanding Islam (P/B)
Discusses some evidence for the truth of Islam, the scientific miracles in the Holy Qur’an, and the great challenge to produce a single chapter like the chapters of the Holy Qur’an.
Reverence for The Salah (Maktabatulirshad Publication)
The Salah is the most crucial affair in a Muslim’s life. To preserve one’s religion, one has to observe it consistently; otherwise, one would be negligent of the Salah, let alone other acts of worship. It is the pillar of Islam, as it is soundly reported from the Prophet (May Allah elevate his rank & grant him peace). At the same time, the remaining deeds serve as the axis of support. Similarly, a tent without a pillar is useless. The Salah is the criterion for accepting all other deeds; if it is rejected [by Allah], all other deeds will be rejected. It is the first obligation ever in Islam and the last act of worship to wither. So, if one is negligent to the first and the last thing in Islam, then one will lose everything in-between.
Inadequate observance of the Salah that lacks adherence to its prescribed form in the manner performed by the Messenger of Allah (May Allah elevate his rank & grant him peace) will derail one’s religion. It will invalidate all deeds, cause misconduct in one’s religious and worldly affairs.
Muhammad His Character and Conduct
Seerah and Biographies





































































There are no reviews yet.