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 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.
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.
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.
Related Products
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.
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.
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.
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.
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.
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.”
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 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
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.
Hajj & Umrah (Pocket Guide) – English Version
A useful pocket guide that includes the rites of Umrah,Hajj, and visiting Madinah.
Recently Viewed
2IN1 Combo P05
1. Muharramat Forbidden Matters Some People Take Lightly (127 pages)
2. Women around the Messenger (364 pages)
Malcolm X: The Struggle For Human Rights
One of the twentieth century’s most influential Muslims, Malcolm X – El-Hajj Malik Al-Shabazz – led a dynamic life and passed through many phases of thought. But one aspect of his thought remained constant – to never remain silent in the face of oppression.
In Malcolm X: The Struggle for Human Rights, Recep Şentürk offers more than a biography of a beloved figure in American history: he explores the concept of universal human rights in Islam using the life of Malcolm X as an example of a human rights struggle.
Engaging and innovative, the book is divided into three sections, dealing with Malcolm X’s life, beliefs and struggle in turn. In the first part, we learn about his early years, his time in prison and his hajj. In a section on his evolving faith, we learn about his youth as a Christian, his time with the Nation of Islam and his discovery of mainstream Islam. In the final section, Şentürk offers a new perspective: how we can relate slavery, abolition, civil rights and voting rights to Malcolm X’s struggle
In Defence of the True Faith (H/B)
Darussalam is proud to present the abridged English translation of the classic work: Al-Bidayah wan Nihayah, focusing exclusively on the battles, expeditions and Peace Treaties undertaken in the lifetime of Prophet Muhammad (peace and blessings be upon him). This volume contains a detailed account of the most momentous events from the Battle of Badr to the Battle of Mu’tah -that occurred to the Muslims under the leadership of the Messenger of Allah. Many of these events have become immortalized by the Noble Qur’an and continue to provide invaluable lessons to humanity, now and forever.
Al-Bidayah wan Nihayah (The Beginning and The End) by the renowned scholar Abu Al-Fida ‘Imad ad-Deen Isma’eel bin ‘Umar ibn Katheer/Kathir, is considered one of the most authoritative sources on Islamic history.
Hadith Nomenclature Primers
This volume presents two primers on the discipline of hadith nomenclature (mustalah al-hadith) and the authentication of transmitted reports. They are Nukhbat al-fikar (“Chosen Thoughts on the Nomenclature of Hadith Experts”) by Ibn Hajar al-‘Asqalani (773-835AH); and Al-Tadhkirah (“The Memorandum”) by Ibn al-Mulaqqin (723-804AH). These primers were written to facilitate speedy mastery of the discipline’s core material. Although the primers focus on definitions, they also include methods for addressing problems specific to the topic. Students would often commit a primer to memory while studying it with a living master who would explain its content in detail and demonstrate its application. It is through this interaction between students and instructors that Islamic education transmits both knowledge and skills across generations. In translation, these primers are ideal for English-speaking instructors looking for a primary text covering the subject’s core concepts. The translations will also benefit students looking to review their lessons or to prepare themselves for more advanced studies.
My Arabic Alphabet Book
The Language of the Qur’an (Board Book) Ages 3 to 5
Ibn Khaldun: The Historian (The Muslim Scientists Series)
Idn Khaldun was more than just one of the great historians of all time. He was also a supreme judge, government minister, social scientist, political expert and Hafiz al Quran!
The Muslim Scientists Series introduces children to great scientists, scholars and adventurers from the Golden Age of Islam.
Reviving The Balance
This work studies the position of the Sunnah in Islam and its fundamental relationship to the Qur’an. The author carefully examines the sensitive issue of the development of the oral and written traditions, the problems scholars faced despite painstaking work verifying the authenticity of reports, the character of narrators, etc. and the ever growing complexity of a body of narratives that were making the simplicity and clarity of the Prophet’s life, words, and actions, a burgeoning maze of information. Taking the praiseworthy intention and effort to emulate the Prophet into account, the author nevertheless makes the case that once the Sunnah had been collected, the Muslim community began to neglect the Qur’an in favor of narrations of what the Prophet had done and said on the pretext that such narratives “contained” the Qur’an. Eventually they then abandoned the Sunnah narratives in favor of Islamic jurisprudence on the pretext that Islamic juristic texts tacitly included both the Qur’an and the Sunnah. It is with the aim of restoring the relationship between the two that this work has been written, that is, the Prophetic Sunnah must be tied inextricably to the Qur’an in a way that allows for no contradiction or conflict between the two, to avoid misapplication and abuse of hadith, and to meet the requirements and challenges of a new age.
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.
Miracles & Merits of Allah’s Messenger: from Al-Bidayah Wan-nihayah
Miracles & Merits of Allah’s Messenger By Ibn Katheer The book then discusses the blessed and beautiful characteristics and merits of the Prophet and then goes on to describe the miracles that he performed. Ibn Katheer than compares the miracles given to Prophet Muhammad with those that were given to the other Prophets; he then shows that Prophet Muhammad collectively received the same miracles that were granted to the other Prophets separately. AI-Bidayah wan Nihayah (The Beginning and The End), by the renowned scholar Abu Al-Fida ‘Imad ad-Deen Isma’eel bin ‘Umar ibn Katheer, is considered as one of the most authoritative sources on Islamic History.
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.
40 Hadith On Community Service & Activism
This book is a Muslim’s handbook to change the world. It provides the most relevant Hadiths that Muslims in the 21st century and beyond need to maximize their potential, serve their community, and leave a legacy.
The Eighth Scroll
Stirring the flames of age-old controversies, The Eighth Scroll by Laurence B. Brown draws on the three Abrahamic faiths of Judaism, Christianity, and Islam to create an unbelievably dynamic and powerful story.
The Exorcist Tradition in Islam (H/B)
This original work was first presented as a Ph.D. thesis in 1994 at the University of Wales. It is a well-balanced combination of library as well as
field research which systematically and critically assesses the theory and practice of exorcism among orthodox Muslims.
The field research is comprised of interviews with seventeen exorcists from seven countries. The results are analysed in the main text, and the interviews themselves are reproduced in a sizeable appendix. This book is a unique contribution to the understanding of a subject little known among western scholars.
This work is specifically aimed at filling a gap in modern research on the Islamic concept of exorcism and the supernatural world related to it, based upon the sources considered authentic by Islamic authorities and augmented by field research. The possession of humans by jinns and their expulsion are thoroughly discussed. A comparative study is made with Christian exorcist tradition and the medical professions point of view. Case studies of leading Muslim exorcists from Egypt, Sudan, Saudi Arabia, Bahrain, Pakistan and India are included.






































































There are no reviews yet.