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…
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.
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.
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.
Related Products
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.
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.
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 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.
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.
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.
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.
Banking: The Root Cause Of The Injustices Of Our Time (Revised Ed.)
The original 1987 Norwich seminar Usury: The Root Cause of the Injustices of Our Time, whose proceedings form the core of this work, had an extraordinary effect.
After the endless analyses and altercations of left and right to which we were accustomed, here was an argument that went to the core of the matter in one bound, and yet did so with a degree of scholarship and indeed erudition that was not cavalier. The result was electric. It was also well before its time.
Recently Viewed
The Gracious Quran (H/B)
A modern-phrased interpretation in English (Arabic-English Parallel Edition)
This contemporary, authoritative translation interprets the Quran’s meaning for the English reader with unprecedented access to the Book that is the foundational source of Islam, its civilization and its peoples, who now comprise nearly one-fourth of humanity across the breadth of all the Earth’s continents and who form a crucial, contiguous community at the middle of the world.
Twenty years in the making, The Gracious Quran: A Modern-Phrased Interpretation of Its Meanings in English is both highly reliable and powerfully expressed. Where the Arabic of the Quran swells with important implication, that intent is conveyed in this rendering with a light hand in unobtrusive brackets, every effort having been expended to make its reading August, clear, accessible, and consistent while at the same time free of poetic pretension, philosophical complication, and lifeless literalisms. Its graceful layout and design augment the profound simplicity of the Quran’s message and give some semblance of resonance to its almost hypnotic power of literary expression.
The interpretation of The Gracious Quran is thoroughly guided by wide and deep experience with the civilizations of both luminous Islam and the enlightened west, while not unmindful of the light that infuses the world’s brilliant traditions. Fully four decades of scholarly expertise in Quranic studies and related disciplines are in its service, and the latest advances in the art of translation conspicuously benefit it.
About the translator:
Dr. Ahmad Zaki Hammad is an internationally known authority on Quran and Islamic Studies. He teaches Islamic Civilization and the Primary Disciplines of Quran Commentary, the Prophetic Traditions, and the Principles of Islamic Law at the foremost center of Islamic and Arabic learning in the Muslim world, AL-Azhar University (Faculty of Languages and Translations, Department of English). He is also a member of the Faculty of Shari’ah, Department of Juristic Studies.
He received his early Islamic and Arabic training at Al-Azhar University, Cairo, and was awarded the graduate degree of Alamiyyah from the Faculty of Theology. He holds a Ph.D., in Islamic Studies from the University of Chicago and is the author of a study of translation of Abu Hamid al-Ghazalis’s Al-Mustasfa min Ilm al-Usul, The Quintessence of the Science of the Principles of Islamic Law; and also Islamic Law: Understanding Juristic Differences, a Primer on the Science of al-Khulaf al Fiqhi in Light of the Shariah Sources.
He lived for many years in the United States, where he founded and served in numerous national and community Islamic institutions for American Muslims.
Fast According to the Quran & Sunnah
Saum (Fast) is a third Pillar of Islam. Allah’s Messenger said, Allah says: “Every deed of the son of Adam is for him, except Saum (fasting). It is for Me and I shall reward for it.”
As the status of this act of worship is so high it is essential to learn the pilings pertaining to this month of fasting so that Muslims will know what is obligatory in order to do it, what is forbidden to avoid it, and what is permissible so that they do not unnecessarily subject themselves to any hardship by depriving themselves from it.
This book consists of all the main issues of Fast. The main objective of this work is to serve an easy and authentic reference to the reader.
An-Nas Quran On Flash Card Game
Introducing our NEW QuranOn Flash Card Game that will enhance our understanding on the Arabic words, translations, makhraj, tajweed, grammar, meaningful contents and many more.
✔ Recite the verse in the surah clearly from one word to another.
✔ Combination of Arabic alphabets from word by word in the surah to the beginners.
✔ Translation for the each word.
Nikmati Kehidupanmu (Revised Edition)
Produk hasil penyelidikan selama lebih dari dua puluh tahun, ‘Nikmatilah Kehidupanmu’ adalah terjemahan daripada buku terlaris berkaitan keagamaan dan motivasi dialam Bahasa Arab dan Bahasa Inggeris. Kini boleh didapati dalam Bahasa Malaysia. Buku yang menerangkan seni berinteraksi, hasil kajian terhadap kehidupan Rasulullah S.A.W .
Al-Adab Al-Mufrad (DCB)
Al-Adab Al-Mufrad
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
Psychology From The Islamic Perspective
Islam offers a precise, uncomplicated, and comprehensive theory of our spiritual nature, our purpose and priorities in life, and how we can attain serenity and happiness in this life and the next. In Psychology from the Islamic Perspective, Dr. Aisha Utz Hamdan includes specific references to scientific research that corresponds to, or builds upon, what is already known from revelation.
My Arabic Number Book (Boardbook)
Faatimah & Ahmed High Up On A Mountain
Tomorrow is the first of Ramadhan. But today Faatimah and Ahmed are going on a nature walk up a mountain and they come across a cave. Up on the mountain, they find out how a cave, Ramadhan and the revelation of the Quran are connected!
Prayers for Muslim Children (P/B)
Full colour booklet of prayers for Muslim children. Includes English, Arabic, plus English transliteration for pronunciation. All the glorifications and praises are for ALLAH alone, and His countless Blessings be upon the last Prophet, Muhammad صلی الله علیه وآلهِ وسلم. To bring up a child under the blessings of ALLAH, it is necessary that from an early age we should introduce them to the ways of invoking our Lord, the Magnificent, the Beneficent.
All of the invocations, praises and mentioning of ALLAH presented in this book are related from the Sahih Ahadith of our beloved Prophet Muhammad صلی الله علیه وآلهِ وسلم. May ALLAH fulfil our wishes and make our efforts successful in this regard. Amin.
Forty Hadith on Islam (P/B)
This work covers, the Islamic creed, Pillars of Islam, Lawful & Unlawful, Piety and Righteousness, with commentary of Imam al-Ajurri. Anumber of scholars throughout Muslim history have penned their respective compilation of Forty Hadith books. Imam al-Ajurri’s kitab ularba` in Hadithan is among the earliest. It is a highly regarded text for Muslims to study and memorise, for it addresses fundamental aspects of religion, with particular focus on Creed, Pillars of Islam, the Halal and Haram as well as Piety and righteousness.
The Straight Path (H/B) – Kube
The Straight Path offers a bold perspective, showing how Surah al-Fatiha directly challenges the dominant ideologies of our time, ideologies that underpin the confusion, injustice, and even atrocities we see today. Nowhere is this failure more evident than in the genocide in Gaza, a grim example of the ethical collapse of secular modernity.
A Textbook Of Hadith Studies (P/B)
Mohammad Hashim Kamali, born in Afghanistan in 1944, was a professor of Islamic Law and Jurisprudence at the International Islamic University in Malaysia, and dean of the International Institute of Islamic Thought and Civilization (ISTAC) from 1985 2007. He is currently chairman and CEO of the International Institute of Advanced Islamic Studies, Malaysia. He is also on the international advisory boards of eleven academic journals published in Malaysia, the United States, Canada, Kuwait, India, Australia, and Pakistan. Professor Kamali has addressed over 120 national and international conferences, and has published sixteen books and over 110 academic articles. His books include The Principles of Islamic Jurisprudence, Freedom of Expression in Islam, and Islamic Commercial Law: An Analysis of Futures and Options. “





































































There are no reviews yet.