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.
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.
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.
Related Products
Hajj & Umrah (Pocket Guide) – English Version
A useful pocket guide that includes the rites of Umrah,Hajj, and visiting Madinah.
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.
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.
Healing With the Medicine of the Prophet SAW (New Edition – Full Colour)
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.
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.
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.
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.
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.
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.
Recently Viewed
Backbiting and Its Adverse Effects
This is a revised and updated edition of Backbiting (formerly entitled Gossip and its Adverse Effects). The translator, Huda Khattab, explains: The Qur’an states: {…nor speak ill of each other behind their backs. Would any of you like to eat the flesh of his dead brother? No, you would abhor it…} (Qur’an 49: 12) We cannot escape the fact that backbiting affects us all. We have all been victims and, we must be honest, we have all been guilty of this sin. But it is not a matter to be taken lightly; backbiting can wreck lives and shatter communities. Islam is a practical faith that recognizes the human condition and offers achievable remedies to the problems that beset us. Every human society faces the problem of backbiting, and Islam shows us how to tackle it in a sensible and humane manner. Husayn al-Awayishah has researched this topic in depth, and has presented a concise guide to the evils of backbiting and what can be done about it. This book may make for uncomfortable reading, but the topic is one that every one of us has to face up to.
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.
[AC] Sharh Thalathah Al Usul / شرح ثلاثة الأصول
شرح الشيخ صالح العصيمي على ثلاثة الأصول للإمام محمد بن عبد الوهاب
طبعة مع التشكيل لأغلب النصوص
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.
Reverence for The Salah (Maktabatulirshad Publication)
The Salah is the most crucial affair in a Muslim’s life. To preserve one’s religion, one has to observe it consistently; otherwise, one would be negligent of the Salah, let alone other acts of worship. It is the pillar of Islam, as it is soundly reported from the Prophet (May Allah elevate his rank & grant him peace). At the same time, the remaining deeds serve as the axis of support. Similarly, a tent without a pillar is useless. The Salah is the criterion for accepting all other deeds; if it is rejected [by Allah], all other deeds will be rejected. It is the first obligation ever in Islam and the last act of worship to wither. So, if one is negligent to the first and the last thing in Islam, then one will lose everything in-between.
Inadequate observance of the Salah that lacks adherence to its prescribed form in the manner performed by the Messenger of Allah (May Allah elevate his rank & grant him peace) will derail one’s religion. It will invalidate all deeds, cause misconduct in one’s religious and worldly affairs.
Patience and Perseverance (P/B)
Sulayman ibn Qasim said, “The reward of every deed is known except for patience, for Allah Almighty Said: ‘Indeed, those who endure patiently will be given their reward in full without limit.’ [Al-Zumar, 10]
The attribute of patience is less about the ability to sit tight and wait out any adversity or misfortune, and more about holding good etiquette and Islamic propriety while waiting. This includes persevering throughout the ordeal, not complaining about one’s condition (except to Allah) and recognising that Allah’s wisdom and decree necessitate holding good positive thoughts about Him.
[HH] Sunan Al Darimi (Ar Risalah Naashirun) / (المسند الجامع (سنن الدارمي
المسند الجامع
(سنن الدارمي)
[HH] Sunan al-Daraqutni / سنن الدارقطني
كتاب هام في علم الحديث إذ أن مصنفه هو الحافظ الدارقطني، فهو كتاب عظيم في علم الحديث الشريف . وقد علق عليها المؤلف واكتفى فيها على تنقيد بعض أحاديثه وبيان علله ، وكشف بعض مطالبه على سبيل الايجاز والاختصار .
2IN1 Combo P05
1. Muharramat Forbidden Matters Some People Take Lightly (127 pages)
2. Women around the Messenger (364 pages)
The Inevitable Reflections on Death and Beyond (H/B) – IIPH
The Inevitable – Reflections on Death and Beyond, authored by Dr. Aid al-Qarni is a timely reminder of death, for thinking of death deters one from persisting in sin and prompts one to do righteous deeds that may lead one to paradise, whereas forgetting about death may lead to one following whims and desires, and committing evil deeds that could lead one to hell.






































































There are no reviews yet.