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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.”
Recently Viewed
A Student’s First Guide to Juz ‘Amma
Introducing a comprehensive textbook for learning and understanding the 30th and final Juz (part) of the Holy Qur’an.
[AUQ]As-Siraj Fi Bayan Gharib Al-Qur’an/ السراج في بيان غريب القرآن
أما عبارة “بيان غريب القرآن” فهي توضّح موضوع الكتاب بدقة، حيث تشير إلى شرح الكلمات النادرة أو الصعبة في القرآن الكريم وبيان معانيها اللغوية. وهذا النوع من الكتب مهم لطلاب العلم والباحثين في اللغة العربية وعلوم القرآن، لأنه يساعد على فهم المفردات القرآنية التي قد تكون غير مألوفة.
وبشكل عام، فإن العنوان يجمع بين الأسلوب البلاغي الجذاب والدلالة العلمية الواضحة، مما يعكس هدف المؤلف في توضيح معاني الألفاظ الغريبة في القرآن الكريم وتسهيل فهمها للقارئ.
Sickness Regulations & Exhortations
This book is the first in the series. It deals with sickness, which continues to afflict human beings from birth until death. Sickness strikes as light as a simple cold or allergy, and as hard as a plague or cancer. It keeps the human being under check, reminding him of his weakness and giving him a chance to turn to the One who possesses to afflict and cure. This book deals with sickness, its regulations, and lessons associated with it. It presents the Islamic stand toward a number of modern medical issues, and also discusses important regulations relating to those with disabilities.
2IN1 Combo P04
1. Bent Rib: A Journey Through Women’s Issues In Islam (176 pages)
2. Which Way to Paradise? (256 pages)
[AUH]Al-Sharḥ al-Kabīr ʿAlā al-Mawqiẓah / الشرح الكبير علي الموقظة
“الشرح الكبير على كتاب الموقظة” هو شرح موسع لمتن “الموقظة في علم مصطلح الحديث” للحافظ الذهبي. قام بإعداده وتحقيقه والتعليق عليه الباحث والمحقق عمرو عبد المنعم سليم
Quran Clip by Learning Roots
Gifting Something Amazing
When you’re looking to gift a group of people something valuable, yet meaningful, it can be really difficult to find something that works, especially if you’re wanting your present to have an Islamic touch.
Arabic Verbs: Fully Conjugated All Forms Bilingual Edition
This update, easy-to-use reference book gives you:
- The 501 most common Arabic verbs in a table format
- Both the Arabic characters and their English infinitive form at the top of each page
- Exemplary essay that discusses Arabic verb formation and usage
- Common idioms with example sentences to demonstrate verb usage
- A grammar review and a pattern index
- Indexes that list verbs in both root order and strict alphabetical order
The First Caliph of Islam: Abu Bakr As-Siddeeq (P/B)
Most people have a best friend who they favour amongst all of the people. The best friend of Prophet Muhammad was Abu Bakr As-Siddiq (R). He was the only person, other than the Prophet’s own wife, who accepted Islam immediately and believed in Muhammad (S) from the first movement that he announced his Prophethood. Abu Bakr (R) always remained at the Prophet’s side and he had no reservations about spending his wealth for the sake of Islam and the Muslims. The Prophet’s Companions all recognized his superiority, yet he always remained humble and sincere towards all. This is the story of Abu Bakr (R) and his rise to leadership of the Muslim Ummah.
Oud Al Mashaheer
High-quality bukhoor burn Incense gives a fresh scent for your HOME, SHOP, or OFFICE.
A Commentary On Kitab At-Tawheed
This is a commentary on the book of Shaikh Muhammed ibn Abdul Wahhab’s Kitab At-Tawheed (The Book of Tawheed). Kitab At-Tawheed is an excellent and comprehensive book. It illuminates to the reader the light of tawheed the Oneness of Allah tawheed, the very foundation of this deen, the single most important concept and the purpose behind our creation.





































































There are no reviews yet.