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…
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.
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 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.
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.
Related Products
The Corruption of Riba : Its Evil Essence, Forms, and Harms
In a time when many disregard the commands and prohibitions of Allah – the Most High, it is crucial to remind people of their obligations to Him and His Messenger, peace and blessings be upon him. The need for such reminders becomes urgent when acts prohibited by Allah, such as ribaa (usury), are treated as permissible, reflecting a grave defiance. Ribaa, one of the most despised sins in the sight of the Most Merciful, carries the severe consequence of a divine declaration of war against those who engage in it.
Islamic Finance : A Practical Introduction
Islamic finance and banking is governed by the tenets of Islam and is based upon the principles of the Shariah, a code of conduct for Muslims to adhere to when managing their lives, including their finances. This slim volume breaks down this code and teaches readers how it is practically applied in business, personal finances, and the global economy.
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.
A Mini Guide to Accounting for Islamic Financial Products – A Primer (Pocket size) (P/B)
This “A Mini Guide to Accounting for Islamic Financial Products” starts with the development of Islamic finance as well as accounting standards and development of AAOIFI which aims to develop standards on accounting, auditing, ethics and governance and disseminate them on the target market.
The guide also highlights selected accounting issues addressed by AAOIFI : substance over form, prudence, mudarabah investment accounts and asset valuation. This is followed by how information of financial statement of an Islamic bank helps its major users, like equity holders, holders of investment accounts, regulatory agencies and others.
The guide also points out the main differences in the presentation of financial statements of Islamic Financial Institutions. Among them are: how assets are defined and inclusion of equity of unrestricted investment account holders. The differences arise as a result of utilizing a Shari’ah compliant contract to bring into effect a particular product.
The last section discusses some of the more popular contracts such as murabahah, istisna’, ijarah, mudarabah and musharakah. A few case studies are also incorporated for different contracts to give more understanding on the topic to the readers.
Healing With the Medicine of the Prophet SAW (New Edition – Full Colour)
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.
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
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.
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.
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
Miracles & Merits of Allah’s Messenger: from Al-Bidayah Wan-nihayah
Miracles & Merits of Allah’s Messenger By Ibn Katheer The book then discusses the blessed and beautiful characteristics and merits of the Prophet and then goes on to describe the miracles that he performed. Ibn Katheer than compares the miracles given to Prophet Muhammad with those that were given to the other Prophets; he then shows that Prophet Muhammad collectively received the same miracles that were granted to the other Prophets separately. AI-Bidayah wan Nihayah (The Beginning and The End), by the renowned scholar Abu Al-Fida ‘Imad ad-Deen Isma’eel bin ‘Umar ibn Katheer, is considered as one of the most authoritative sources on Islamic History.
Salam Kids :Learn About Fasting
Ashraf is excited to be fasting for the first time. He hopes he can make it through the whole day, but he seems to be always hungry.
There’s a lot to learn about fasting and Ashraf is doing his best to please Allah.
The Salam Kids Series are books designed to encourage young children to try their best and start to implement Islamic practices into their lives.
Kejahatan Lidah
Enlightening facts about how a merely harmful words spoken that could turn into harmful friction in our daily lives due to our ignorant whereby in Islam there are guidance on how to interact in a society.
Excellent Supplications For Everyday Life (Revised)
This concise and beautiful collection of supplications is a selection from the Noble Qur’an and authentic traditions of the Prophet Muhammad ﷺ.
[AC] Kitab Alruh 2 Vol / كتاب الروح 2 مجلد
كتاب يطرح فيه المؤلف مسألة الروح لم ترد في غيره من كتب السلف، فيه معلومات معرفية عن النفس والروح والفرق بينهما، وعلاقة الروح بالجسد، ومصيرها بعد الموت. وذلك استنادا إلى الكتاب والسنة مؤيدا بالحجة والبرهان النقليين والعقليين والمنطقيين
My Big Feelings (P/B)
DO NOT GET ANGRY, hmm, that’s not as easy as it seems.
Because when I’m angry I cannot tell the difference between
CHOCOLATE OR SARDINES.
Quirky poems to help young children live a virtuous life based on the character of our PERFECT example.
Ibn Majid – The Master Navigator (The Muslim Scientists Series)
The Muslim Scientists series introduces children to great scientist, scholars & adventurers from the Golden Age of Islam.
When Ibn Majid created the compass, he was wanted by all the great explorers of that time, he became known as “The Master Navigator”
Full Colour
24 pages
EVERY HOME & SCHOOL LIBRARY MUST HAVE THIS SERIES AS PART OF THEIR ISLAMIC COLLECTION
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.
War and Peace in Islam : The Uses and Abuses of Jihad (P/B)
Written by a number of Islamic religious authorities and Muslim scholars, this work presents the views and teachings of mainstream Sunni and Shi’i Islam on the subject of jihad. It authoritatively presents jihad as it is understood by the majority of the world’s 1.7 billion Muslims in the world today, and supports this understanding with extensive detail and scholarship. No word in English evokes more fear and misunderstanding than “jihad.” To date the books that have appeared on the subject in English by Western scholars have been either openly partisan and polemical or subtly traumatized by so many acts and images of terrorism in the name of jihad and by the historical memory of nearly 1,400 years of confrontation between Islam and Christianity. Though jihad is the central concern of War and Peace in Islam: The Uses and Abuses of Jihad, the range of the essays is not confined exclusively to the study of jihad. The work is divided into three parts: War and Its Practice, Peace and Its Practice, and Beyond Peace: The Practice of Forbearance, Mercy, Compassion and Love. The book aims to reveal the real meaning of jihad and to rectify many of the misunderstandings that surround both it and Islam’s relation with the “Other.”
Reviews:
“A dynamic myth-busting clarification of the real position of mainstream orthodox Islam on the whole question of violence and jihad.” —T. J. Winter, University of Cambridge
“This is the best book on the subject in English. It will be of inestimable value.” —Shaykh Mustafa Ceric, Grand Mufti Emeritus of Bosnia
10 Week-by-Week Arabic Sight Words
An easy system for teaching the most common 100 Quranic Words.
The ultimate 10 Week by Week Arabic Sight Words Workbook. WIth activity pages that help kids recognize, write, and really LEARN the Top 100 Quranic high-frequency words. Which are key to reading success. Watch confidence soar as children master 100 sight words the most commonly encountered words in the Quran and Arabic language. Children read more fluently, write with greater ease, and spell more accurately when they know these high-frequency words!
The Ideal Muslim
Who is the ideal Muslim Man? What Islamic traits does such a being possess? Is it even humanly possible to become an ideal Muslim today? In this authentic Islamic book, Dr. Muhammad Ali al-Hashimi guides the readers to practically adopt an Islamic personality and lifestyle, and interact accordingly with others in the society. This Islamic self-help book is a must-read for self-development and self-improvement. It is also a rich source of material and ideas for study circles and discussion groups.




































































There are no reviews yet.