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.
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.
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.
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 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
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.
Contemporary Issues In Islamic Communication
The book contains a collection of essays on issues that are of concern to Muslim media and scholars and practitioners. The issues are those that are constantly highlighted in the mass media in the Muslim world. All the issues are discussed from the Islamic perspective. The main purpose of the book is to give readers a clear understanding of how Muslims view contemporary issues that are reported and discussed in present day mass media. The book is written for students majoring in communication at the International Islamic University Malaysia. It is also useful for students taking courses on communication issues in other universities.
Hajj & Umrah (Pocket Guide) – English Version
A useful pocket guide that includes the rites of Umrah,Hajj, and visiting Madinah.
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.
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 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.
Tajdid, Islah and Civilization Renewal in Islam
The history of Islamic thought is marked by a continuous tradition of internal revitalisation and reform embedded in the principles of islah, and tajdid. The ultimate purpose has been to bring existing realities and social change in line with the transcendent and universal standard of the Qur’an and Sunnah through a process of restoration and reform. The tradition of islah-tajdid has thus consistently challenged the Muslim status quo and prompted fresh interpretation of the Qur an and Sunnah, understood and implemented through the methodologies of interpretation and ijtihad, as well as the rejection of unwarranted accretions to the original messages of Islam. The basic theme of the paper is that civilisational renewal is an integral part of Islamic thought. The paper looks into the meaning, definition and origins of tajdid and islah and their relationship with ijtihad, and how these have been manifested in the writings and contributions of the thought leaders of Islam throughout its history. It also develops tajdid-related formulas and guidelines that should lead the efforts of contemporary Muslims in forging the objectives of inter-civilisational harmony and their cooperation for the common good.
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.
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.
Recently Viewed
History of Islam: Ali ibn Abi Taalib (H/B)
This is the fourth volume from this series, which deals with the life of the last of the Four Rightly-Guided Caliphs, Ali ibn Abi ?alib . He was the first male to accept Islam at the young age of approximately nine years. He was the Prophet’s cousin, the son of Abu Talib, the Prophets supportive and loving uncle who protected him during the worst trials of his early Prophethood. Alis devotion to the Prophet is best evidenced during the Hijrah (migration) when he acted as the Prophet’s decoy in Makkah while the Prophet left under the cover of night and migrated to Madinah, accompanied by Abu Bakr. Darussalam presents the entire History of Islam to our youth in language that appeals to them, in a simple yet lucid manner. The first four volumes in this series explore Islamic history during the period of the first Four Rightly-Guided Caliphs. Later volumes would be devoted to the History of Islam, down through the ages to modern times, inshaAllah. volumes would be devoted to the History of Islam, down through the ages to modern times, inshaAllah.
What Islam Is All About
The global Muslim population continues to increase every year. With a tremendous influx of new converts in communities around the world and Islam under the microscope in media and politics, the need for a clear and comprehensive text that explores the faith—its history, philosophy, principals, laws, and practices—has never been more necessary than it is today.
Birth Prevention an Islamic Perspective
The purpose of this series, enter in to islam completely, is to present some unduly belittled issues, prove their value, and discuss their regulations. This book presents a comprehensive Islamic understanding of birth prevention and other related issues. It first establishes the Islamic view of procreations. This is followed by an overview of birth prevention methods, old and modern
Let Us Be Muslims (P/B)
LET US BE MUSLIMS is a new edited English version of Sayyid Mawdudi’s Urdu Khutubat. It is no ordinary book, says Khurram Murad in his long Introduction, for it has stirred more hearts and impelled more lives to change their course than any of his more erudite works. In these Friday congregational addresses, Sayyid Mawdudi expounds such familiar themes as Iman, Islam, the Prayer, Fasting, Almsgiving, Pilgrimage and Jihad. But, in an unusually beautiful, powerfully reasoned, eloquent and passionate, and yet simple and lucid style,
“Sayyid Abul A’la Al-Mawdudui (1903-1979), one of the chief architects of contemporary Islamic resurgence, was the an outstanding Islamic thinker and writer of his time. He devoted his life to expound the meaning and message of Islam and to organise a collective movement to establish the Islamic Order. In this struggle, he had to pass through all kinds of sufferings.
Between 1948-67, he spent a total of five years in different prisons of Pakistan. In 1953, he was also sentenced to death by a Martial Law court for writing a ‘seditious’ pamphlet, this sentence being later commuted to life imprisonment. In 1941, he founded Jama’at-I Islami, of which he remained Amir, until 1972 and which is one of the most prominent Islamic movements of our day. He authored more than one hundred works on Islam, both scholarly and popular, and his writings have been translated into forty languages.”
The Dreamer’s Handbook (H/B)
This book starts by presenting a spiritual understanding of sleep from the Islamic viewpoint, which is followed by guidelines for recommended evening, pre-sleep, night, and morning acts of worship. The conceptual understanding of dreams is laid out next, followed by an analytical study of dreams in the Quran, and of dreams seen by the Prophet Muhammad (PBUH) and by his companions (R). The rest of the book deals with dream interpretation, its correct rules and procedures, drills to help understand these rules, and a large glossary of interpreted dream symbols. This, we hope, fulfills two important goals regarding sleep and dreams: It establishes their understanding upon the strong foundation of the Quran and Sunnah, and it eliminates a great deal of superstition that surrounds them. Indeed, from Allah (SWT) alone we seek help and acceptance.
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.
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.
Sharing What You Love (Akhlaaq Building Series)
Ali doesn’t want to share his new bike, but soon realizes it’s more fun when you share what you love.
- Full Color
- Ages 3yrs – 8yrs
Islamic Beliefs
In this era of confusion, innovation, and division, it is essential for Muslims to monitor their beliefs and their approach to Islam, so that they may be certain that they are following the path of the Prophet (blessings and peace of Allah be upon him) and the early generation of pious Muslims (the salaf). Without careful attention, a Muslim may live his or her whole life following a deviant path filled with innovation, thinking that he or she is doing the right thing, only to find out – when it is too late – that this path only leads to hell. Islamic Beliefs: A Brief Introduction to the ‘Aqeedah of Ahl as-Sunnah wal-Jamâ‘ah is written in a straightforward style, distilling the knowledge of the scholars and making it accessible to the ordinary Muslim. It touches on the main points of ‘aqeedah (fundamental Islamic beliefs or creed) and explains the main features of the path of the Prophet (peace be upon him) and the early generation, with brief references to deviant groups in order to show the contrast between the path of the Prophet (peace be upon him) and the paths of the deviant groups, between light and darkness, guidance and misguidance. The straightforward approach of this book will allow the reader to follow its arguments and develop a clear picture of the proper approach to and interpretation of the Qur’an and the Sunnah. This is a book which should be on every Muslim’s bookshelf, so that they will have at their fingertips a concise and readily-accessible reference for the basic issues of their religion.
The Life of Muhammad
It is vital for every single human being to study the life of the greatest man to have ever walked this earth, a man who changed the course of human history forever. No other individual has had such a lasting influence or impact in any sphere of human endeavor; be it history, culture, economics, social welfare, politics, diplomatic relations or warfare.
Today’s modern society owes a huge debt to Muhammad, the great Prophet of Islam. This brief, yet comprehensive, work covers all the main aspects of the life of the Messenger of Allah. It includes his noble qualities, his description, members of his family – such as his maternal uncles and aunts and wives, the slaves he freed, the scribes who recorded for him, his envoys who carried his Message to various kings and territories around the globe, those who proclaimed the Call to prayer, his Umrah and Hajj, his military expeditions, his manners, his miracles, his riding beasts, his weapons and the legal rulings that were unique to him.
Knowing about the Prophet Muhammad is compulsory for every Muslim. This work is an excellent primer and should be necessary reading in every Muslim home. This book is ideal as a teaching tool for Schools and Madrassahs everywhere.
The author, Imam an-Nawawi (d. 767H), was a leading personality of Islamic history. Born in Syria to a deeply religious family, he was renowned for his piety and love of Allah, the Most High. He authored many valuable works, in a variety of different sciences, which gained eminence throughout the Muslim world.
Helping Others (Akhlaaq Building Series)
Akhlaaq Building For Kids Series, featuring Saaliha & her younger brother Ali.
This series inspires children to develop good Manners through fun stories involving children like themselves.
HELPING OTHERS
Ali is blessed to have a caring big sister like Saaliha, she helps him in so many ways.
- Full Color
- Ages 3yrs – 8yrs

































































There are no reviews yet.