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.
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.
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.
Related Products
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.
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 Financial System: Principles & Operations
This second edition of the book marks another milestone of a collaborative effort between prominent scholars and practitioners of the Islamic finance industry. It sheds light on the front line issues faced by the Islamic finance industry with academic rigor. Each chapter in the book is complete with figures, diagrams, tables, case studies, a set of review questions and problems and a list of references for further reading. It offers invigorating discussion on a comprehensive range of topics related to Islamic finance, combining both theoretical foundations and operational aspects.
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.
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.
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.
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.
Zakat and Poverty Alleviation (P/B)
This edited book aims to raise issues pertaining to the topic of zakat and its primary goal of poverty alleviation. It portrays the dynamism of zakat by highlighting pertinent issues on the management of zakat institutions and innovative programmes that are designed as effective distribution mechanisms. Discussions include zakat payment motives, ways to measure the efficiency of zakat disbursement, economic development initiatives, housing programme, microfinancing, and actual impact on poverty alleviation. The discussions raised put emphasis on policy-orientation with dedicated sections on policy implications and recommendations. This approach is deemed necessary since it could guide the thought process of interested parties towards the creation of new ideas to actualize zakat as a very reliable tool in addressing the massive problem of poverty among Muslim communities. This special feature also significantly adds to the much-needed reference materials in courses on zakat at the intermediate level of undergraduate studies and introductory level of postgraduate programmes.
Recently Viewed
Interpretation Of Dreams
The Present book tackles the issue of the interpretation of dreams in the light of the Quran and the Sunnah, based on the Prophet’s hadeeth in which he said, “The dream of a Muslim is one of the forty-six parts of Prophet-hood. ” In this book, the author provides a definition of the word ‘dream’, discusses the various types of dreams, mention some dreams that were interpreted by the Prophet صلّی الله علیهِ وآلهِ وسلم etiquette to be observed by the person who has a dream and the person who has a dream and the person who interprets it and provides the interpretation of a large number of dreams, among some other issues related to the subject. The author is the well-known erudite scholar Sheikh Muhammad ibn Abd-Allah ibn Raashid al-Bakri (d. 736 Ah/1336 CE). The english reader will definitely find this book highly interesting and thought-provoking.
Seni Berfikir Yang Hilang
Melalui buku Seni Berfikir Yang Hilang, Ustaz Hasrizal Abdul Jamil mengupas enam cabang ilmu yang seharusnya kita kuasai. Ilmu yang membentuk cara fikir kita, sekali gus membantu kita menghadapi isu-isu sekitar kehidupan dengan lebih matang.
(E-Book) 30 Hadith For Young Muslims
30 Hadith for Young Muslims aims to educate children from their tender age with the sayings of our beloved Prophet Muhammad (PBUH) in a fun, colorful, and simplified modern approach.
Unique features such as lessons, discussion corners, and activities make it an ideal teaching tool for parents, teachers and educational institutions.
Its creative presentation invites readers to grasp the knowledge of the noble hadith and apply them in their lives.
( E-Book) Stop Worrying & Start Living
This book seeks to guide and make ease to the grieving and despondent souls who are in a quagmire of vexation in a manner that varies from other typical motivational books that discusses on worry, sadness and grief; and from those which discuss fortune (or success). It addresses to the endogenous core of the heart and soul, correlating it with Faith, showing and making distinct of what the aspects of Faith has to do with a person’s well-being. It removes the obscurities and perplexities that binds the heart and soul of many of the children of Islam. Those whom Shaytan invites to wretchedness, sin, despair, grief and hopelessness in the Mercy of Allah.
Abdullah bin Sa’eed Safar Al-Husnee Az-Zahranee captures 40 ways to dispel and eradicate sorrow and grief and to gain a happy and pleasant living. It explains how you adjust in difficult situations so that you hand out to us from it flower, rose and jasmine!
Dawah Made Simple (Pocket Size)
Guidelines For Raising Children
Islam places great emphasis on the child, right from infancy to the age of puberty. The reason for this is to prepare him to become a good member of the community. Children learn more by example than by words. Telling our children what to do and not showing them by a good example is a hypocritical act and drives children to confusion and away from us. It is for this reason we are presenting this booklet as a guideline for those parents who are concerned about their present and future offspring.
10 Things I Love About Ramadan
Ramadan is a month of fasting, a month of extra prayer, du’a and doing good deeds.
It is a special time of year for all Muslims.
Nabeela loves the month of Ramadan . It is her favorite month of the year.
Find out what are the 10 Things she loves about Ramadan.
Full Color
Ages 3- 8 yrs old
Zikir & Doa Haji dan Umrah
Adakah anda sedang mencari panduan doa yang sahih untuk mengiringi perjalanan suci Haji dan Umrah anda?
The Easy Qur’an (Revised Edition)
Sunnahmu Amalanku
KEISTIMEWAAN BUKU INI:
- Memahami dalam mentaati ajaran yang disampaikan oleh Rasulullah SAW secara menyeluruh.
- Mempertahankan agama Islam dari serangan musuh-musuh Islam dengan penghujahan ilmiah.
- Mencintai perkara yang disukai oleh Nabi Muhammad SAW serta membasahi lidah dengan berselawat kepadanya.
Fear and Hope in Allah (H/B)
“Indeed, they used to hasten to good deeds and supplicate Us in hope and fear, and they were to Us humbly submissive.”
(Surah al-Anbiyaʾ, 21:90)








































































There are no reviews yet.