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.
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.
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.
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.
Related Products
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.
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.
Epistemological Integration Essentials of an Islamic Methodology
Epistemological Integration: Essentials of an Islamic Methodology is a program which seeks to construct an intellectual framework for Islamic methodology with a view to realizing practical training in the thoughtful investigation of issues related to knowledge in various fields. The book’s title affirms the distinctive types of integration that characterize Islamic methodology, including integration of sources, means, and schools of thought, as well as existing realities with desired ideals etc. This is fully consistent with human nature, as variety is fundamental to the functions people perform and skills they master. The work essentially makes the case that fundamental to any Muslim recovery is laying the foundations of sound thinking and values that integrate the two main sources of knowledge: Revelation and Reality (that is the created worlds both physical, societal and psychological) under the umbrella of Tawhid. Islamic methodology adopts that and extends human hopes to integrate efforts so that humanity can realistically achieve prosperity on earth and earn eternal happiness in the afterlife.
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.
Hajj & Umrah (Pocket Guide) – English Version
A useful pocket guide that includes the rites of Umrah,Hajj, and visiting Madinah.
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.
Manufacturing of Halal Pharmaceuticals (P/B)
This book aims to cover the fundamental aspects of pharmaceutical manufacturing from the Islamic worldview to inspire students that whatever they do including very mundane routine work such as checking pH can be an ‘ibādah – if they work within the sphere of Islamic teachings and in shā’ Allah all the time and effort will be rewarded by Allah SWT. The first chapter describes the Islamic perspectives towards the safeguarding of life vis-à-vis the use of medicines or pharmaceuticals and can be considered as an overview for the Islamic manufacturing practices. Although this book is about the manufacturing of pharmaceuticals, other industries may benefit from the discourse and examples given. As much as possible, processes and regulations are described in the book so that it covers the syllabus of industrial pharmacy for undergraduate use and still can be referred for postgraduate studies.
Riba: Usury or Interest
The Noble Qur’an states: {… Fear Allah, and give up what remains of your demand for usury/interest, if you are indeed believers. If you do not do so, then take notice of war from Allah and His Messenger.} (Qur’an 2: 278-279) Despite this obvious prohibition, the practice of ribâ (usury and interest) has polluted the global economy completely. This booklet explains the awful consequences of dealing in usury and interest in a summarized but convincing manner.
Sukuk: Principles & Practices (P/B)
Sukuk are an important asset class which has captured the attention of a wide range of issuers and investors, regulators and sovereigns, and academics and market players. The sukuk industry has made remarkable leaps since its modern inception in the 1990s. It has grown in size and volume, evolved in structural possibilities, and successfully expanded the boundaries of the Islamic capital market to far-flung jurisdictions worldwide. Its promising future has led the International Shari’ah Research Academy for Islamic Finance (ISRA) and Securities Commission Malaysia (SC Malaysia) to collaborate to provide essential and comprehensive knowledge on this key instrument of the Islamic capital market.
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.
Recently Viewed
Morphology Made Easy P/B (Part 1-4)
Prepared by the teachers of Madrasa Islamiyah Benoni, South Africa.
The Concise Presentation of the Fiqh of the Sunnah and the Noble Book
Written by Dr. Abdul-Azeem Badawi and translated by Jamal al-Din M. Zarabozo, The Concise Presentation of the Fiqh of the Sunnah and the Noble Book covers the fiqh of diverse topics like purity, prayer, fasting, zakah, pilgrimage, marriage, business transactions, foods, inheritance, criminal offenses, and jihad. Dr. Badawi relies only on the Quran and the Sunnah, making it an authentic Islamic book on fiqh and a collection of sound hadiths.
My First Wudu Book: Bath Book
‘My First Wudu Book’ is a colour-changing bath book, which aims to truly captivate and educate young hearts on the order of washing the basic body parts for wudu — the ritual washing performed by Muslims in preparation for their daily prayers.
Zakariya’s Umrah
Zakariya’s Umrah by Fatima B. Hart is about a young boy on a trip to perform Umrah with his dad. Using repetition, rhyme, and rhythm, it describes what he observes at each vital stage of the trip and outlines the basic rituals of Umrah in a fun and engaging way. This book is recommended for children aged 0-5.
What Every Christian Should Know About Islam (P/B)
Of the many books explaining Islam, few specifically address the concerns and questions of those from a Christian background. Moreover, the commonalities between the Abrahamic faiths—Judaism, Christianity, and Islam—are too often ignored. Set out in an easy and informative question-and-answer format, the book addresses the specific theological points of agreement and difference between Christianity and Islam, explains the core religious beliefs and practices of Islam, and answers today’s most common questions of Islam and Muslims in an age when there is much conflict and misunderstanding. Islam is best judged not by the limitations and transgressions of its most extreme, ignorant, and outlandish followers, but by the example of its moderate majority, and Ruqaiyyah Waris Maqsood presents this introduction to the theology and practice of Islam in an attempt to explore some of the false impressions that surround it.
Table of Contents:
Section 1: The Religious Beliefs of Islam Explained
Section 2: the Religious Duties of Islam Explained
Section 3: Miscellaneous Questions
Section 4: Christianity and Islam
Ruqaiyyah Waris Maqsood gained an honors degree in Christian Theology from the University of Hull in 1963 and then taught religious studies at various state schools until her retirement in 1996. She converted to Islam in 1986 and now lectures and writes on Islam.
British Secularism and Religion (P/B)
This interesting, topical and sometimes heated, conversation among theologians, social scientists and policy experts on British secularism helps to shed vital light on the challenges of accommodating religious minorities and majorities within modern societies. The contributors question a number of received assumptions about the public role of religion, and also challenge traditional Muslim suspicions of secularism, thus succeeding in moving the debate on Islam in Britain, and secular polities in general, to new and very promising ground. This is a vital contribution to ongoing topical debates on secularism, pluralism, inclusion and the direction modern societies should take. Dr. Abdelwahab El-Affendi, University of Westminster Religious voices in favour of secularism are often absent from the debate on religion and politics. But as a political attitude that will guarantee freedom of belief for all, secularism is relevant to all. This volume – though non-religious secularists may find much to challenge within it – is a welcome contribution to this most important of modern debates. Andrew Copson Chief Executive, British Humanist Association –Commissioned
This volume on the role of Muslims in British society very helpfully addresses two concepts about which there is currently much confusion, namely secularism and secularity. The fact that it does this in conversation with some of the other interested parties, namely Jews and Christians, and that it seeks to combine specifically religious, or theological, and political, or social-scientific, approaches, means that it will be of interest to both theoreticians in the academy and practitioners in different areas of society, and it therefore deserves a wide readership. Professor Hugh Goddard, Director of the HRH Prince Alwaleed bin Talal Centre for the Study of Islam in the Contemporary World, University of Edinburgh –Commissioned
The question of the relationship between politics and religion tends to generate more heat than light, especially when the focus is on Islam. This book, with its careful analysis and respect for facts, helps dispel the smoke. It is an invaluable contribution to the public debate, especially in the British context, and will assist people of good will – of all faiths and none – to clarify their own thoughts about ‘the secular state’. Dr. Brian Klug Senior Research Fellow & Tutor in Philosophy, St. Benet’s Hall, Oxford –Commissioned
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.”
Islamic Studies Grade 6 – Darussalam
This full-color Grade 6 textbook (for the sixth grade or similar level) is part of the Islamic Education series which covers all areas of Islamic studies: Tafseer, Hadeeth, Tawheed, Fiqh, Seerah, and general etiquette relating to different areas and situations.
Stop Worrying Relax & Be Happy
This book, by the noted Egyptian scholar of recent times, discusses:
- Renew your life!
- Living according to one’s daily commitments
- Firmness, lassitute, and deception
- Worries and venoms
- How to eliminate the causes of worry
- Knowledge produced by action
- Make lemonade out of lemons
- Purity of Secrecy and Publicity
- and much more!
Hello, Little Muslim!
A high contrast book that is best for your baby. Babies positively respond to high contrasting colors and it improves brain growth and visual development.
10 Week-by-Week Arabic Sight Words
An easy system for teaching the most common 100 Quranic Words.
The ultimate 10 Week by Week Arabic Sight Words Workbook. WIth activity pages that help kids recognize, write, and really LEARN the Top 100 Quranic high-frequency words. Which are key to reading success. Watch confidence soar as children master 100 sight words the most commonly encountered words in the Quran and Arabic language. Children read more fluently, write with greater ease, and spell more accurately when they know these high-frequency words!



































































There are no reviews yet.