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.
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.
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.
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.
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.
Related Products
Healing With the Medicine of the Prophet SAW (New Edition – Full Colour)
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.
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 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.
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.
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.
States Do Not Go to Heaven: Towards a Theory of Islamic Agency in International Relations
This book compares and contrasts Islamic world views and Western theoretical perspectives on international relations to suggest that a combination of the two could lead to a mutually beneficial redefinition of contemporary international relations utilizing Western theoretical tools and incorporating an Islamic perspective. Particular focus is given to the Islamic concept of istikhlaf as an ontological and normative foundation. The reasoning being that all man-made social arrangements on “earth”, as well as international society, should be considered a realm of istikhlaf. This allows for return to an eternal and critical first principle, linking all social roles to this principle, which is that man as designated by the Qur’an, is God’s khalifah or Vicegerent on earth. It’s a statement of great magnitude.
114 Tips to Help You Finally Memorize The Qur’an (P/B)
“114 Tips to Help You Finally Memorize the Qur’an is a concise book that aims to equip readers of all backgrounds with the information and techniques necessary in order to begin, continue with, and complete the memorization of the Qur’an, eliminating thereby the common excuse and reasons for not memorizing.”
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.
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.
Recently Viewed
Best Loved Prophet Muhammad Stories (P/B)
Formerly known as The Prophet Muhammad Storybook 3 (H/B)
Best Loved Prophet Muhammad Stories deals with the Prophet’s preaching or dawah mission in Makkah. It shows how, despite immense opposition and persecution, the Prophet carried on with his mission of preaching the message of the one Gad. It highlights his patience, dedication, determination, faith, love, compassion and care in the face of great odds. It also highlights cases of some of his early Companions, who, impressed by Islam’s message, accepted the faith. It covers come of the most significant events in this early phase of the Prophet’s preaching missions.
Islam and The World (IIPH)
Despite the world’s tremendous advances in the fields of science and technology, almost all communities have been led into the wilderness of fear, greed, loneliness and spiritual despair. Professor Nadwi explicitly asserts that the achievements of science and technology did not match humanity’s moral or spiritual aspirations. Should a corresponding improvement is attained in human behaviour by applying the teachings of Islam, such as advances would have conferred benefits on all parties.
Interpretation Of Dreams
The Present book tackles the issue of the interpretation of dreams in the light of the Quran and the Sunnah, based on the Prophet’s hadeeth in which he said, “The dream of a Muslim is one of the forty-six parts of Prophet-hood. ” In this book, the author provides a definition of the word ‘dream’, discusses the various types of dreams, mention some dreams that were interpreted by the Prophet صلّی الله علیهِ وآلهِ وسلم etiquette to be observed by the person who has a dream and the person who has a dream and the person who interprets it and provides the interpretation of a large number of dreams, among some other issues related to the subject. The author is the well-known erudite scholar Sheikh Muhammad ibn Abd-Allah ibn Raashid al-Bakri (d. 736 Ah/1336 CE). The english reader will definitely find this book highly interesting and thought-provoking.
[SB] Ar-Raheeq Al Makhtum (Arabic Only – Large) الرحيق المختوم
Ar-Raheeq AI-Makhturn is a book of great value and praiseworthy work on the Seerah of our beloved Prophet Muhammad. This book has been written by the Eminent Shaikh Safiur-Rahman Mubarakpuri of Jamiah Salafiyah, Banaras (India). The first Islamic Conference on Seerah (biography of the Prophet) was held in 1976 in Pakistan sponsored by the Muslim World League. The League announced a world contest for writing a book on the life of the Prophet.
One hundred and seventy-one manuscripts were received from all over the world. Out of these, eighty-five were in the Arabic Language, sixty-four in Urdu, twenty-one were in English and one in French and Hausa.
A board of highly qualified scholars judged the manuscripts and announced the results. The manuscript of Shaikh Safiur-Rahman Mubarakpuri, Jamiah Salafiyah Banaras (India), author of the book in hand received first the grand prize for its authentic and sound collections of the narrations. Dr. Majid Ali Khan, New Delhi, India, placed second. The third prize went to Dr. Naseer Ahmed, Islamic University, Lahore, Pakistan. The fourth prize was awarded to Mr. Harnid Mahmud of Egypt. The fifth and final prize was awarded to Abdus-Salam Hashim of Madinah Munawwarah.
A complete authoritative book on the life of Prophet Muhammad (S) by Sheikh Safi-ur-Rahman al-Mubarkpuri. It was honored by the World Muslim League as first prize winner book. Whoever wants to know the whole life style of the Prophet in detail must read this book.
Muhammad (S) is the Messenger of Allah, and those who are with him, are severe against the disbelievers, and merciful among themselves. You see them bowing and falling down prostrate (in prayer), seeking bounty from Allah and (His) Good Pleasure. The mark of them (i.e. of their Faith) is on their faces (fore heads) from the traces of prostration (during prayers). This is their description in the Taurah (Torah). But their description in the Injeel (Gospel) is like a (sown) seed which sends forth its shoot, then makes it strong, and becomes thick and it stands straight on its stem, delighting the sowers, that He may enrage the disbelievers with them. Allah has promised those among them who believe and do righteous good deeds, forgiveness and a mighty reward (Paradise). (Al-Fath: 29)
The Prophet Muhammad (S) said: ‘The example of guidance and knowledge with which Allah has sent me is like abundant rain falling on the earth. Some of which was fertile soil that absorbed rain-water and brought forth vegetation and grass in abundance. (And) another portion of it was hard and held the rain-water and Allah benefited the people with it and they utilized it for drinking (making their animals drink from it) and to irrigate the land for cultivation. (And) a portion of it was barren which could neither hold the water nor bring forth vegetation (then that land gave no benefits). The first is the example of the person who comprehends Allah’s Religion (Islam) and gets benefit (from the knowledge) which Allah (Azawajal) has revealed through me (the Prophet) and learns and then teaches it to others. The (last example is that of a) person who does not care for it and does not take Allah’s Guidance revealed through me (he is like that barren land).’ (Al-Mukarramah)
Someone asked ‘Aishah (R) about the noble character and manners of the Prophet (S). She answered: ‘Have you not read the Qur’an? His character is a complete explanation of the Qur’an.’
It means that whatever is commanded and prohibited in the Qur’an, its practical example is present in the manners of Muhammad In other words, the ideal and perfect example of good manners and character which the Qur’an demands from mankind, was present in the person of Muhammad in its highest degree.
Scholars of Ahadith (traditions) and writers of the biography of Muhammad , the Messenger of Allah, have explored his life from every angle and aspect from birth to death. Every event, every incident of his life has been described and narrated, but none had claimed that he has given his life’s recording its full rights. Hundreds of books have been written on the life of Muhammad and this endeavor will continue till the Day of Resurrection.
[CB] 365 Prophet Muhammad Stories (Arabic) / ٣٦٥ يوما مع رسول الله
365 Prophet Muhammad Stories (Arabic) [hardcover] Saniyasnain Khan,Goodword
“synopsis” may belong to another edition of this title. https://www.dakwahbookstore.com/product/365-days-prophet-muhammad-pb/
The Muslim Marriage Guide (P/B)
A much needed manual, this marvelous book that draws from Islamic sources to provide practical advice for a Muslim couple. Far from the sociological analysis or list of rules that fill other books about Islamic marriage, this book draws from the wisdom of the Sunnah to show how to love your partner in this life and prepare each other for the next. Written with plenty of real life experience (and even humor) from Muslims living in the West, the author balances the issues of male-female differences, respect for each others rights and needs and raising God-conscious children. A must read for anyone interested in marriage.
Modern life brings strains and pressures which can upset even the most compatible relationship. This means that nowadays, to protect the spirit of cooperation and happiness which is the sign of the true Islamic marriage, careful thought needs to be given to the mechanisms which help husband and wife to live together and respect each others rights.
This highly readable book takes the reader through the relevant passages in the Quran and Hadith (Islamic sources), and goes on to discuss the main social and economic problems that can afflict relationships, suggesting many practical ways in which these can be resolved.
[QQ] Handwriting Quran مصحف التدوين
مصحف التدوين الفاخر – بيدي رسمت حروفه وكتبت كلماته – حجم كبير
The blank Mushaf for writing is a type of Qur’an used to assist memorizers, teachers, and those interested in memorizing the Holy Qur’an or teaching their children. This Qur’an is characterized by containing the empty lines of the verses so that the lines appear empty from the inside with the outer borders of the lines visible. This makes it easier for the reader to write the verses from memory without referring to the Qur’an, thus enhancing memorization and review.


































































There are no reviews yet.