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 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.
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 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.
Related Products
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.
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.
Public Policy: Beyond Traditional Jurisprudence A Maqasid Approach (IIIT)
This work charts new territory in Islamic scholarship by attempting to address the field of public policy from a maqasid (higher objectives of the Shariah) perspective. Public Policy is an independent discipline from both law and politics. Thus, Public Policy in Islam is introduced here as a qualitatively different enterprise from both fiqh (Islamic jurisprudence) and siyasah shar’iyyah (Shariah-oriented politics). The book deals with a number of critical topics that include methodology, governance, human rights, ethics, political power, and reform and renewal. It highlights how the maqasid approach is indispensable to the theory and practice of public policy in Islam, how it could resolve some of the most persistent governance dilemmas throughout Muslim history, but more significantly, how it forces a re-conceptualization of the wealth of knowledge available in Islam s primary sources to introduce Public Policy in Islam to mainstream policy studies.
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 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 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.
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.”
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.
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.
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.
Recently Viewed
[HS] Al Bidayah Wal Nihayah 1/5 / البداية والنهاية 1 / 5 (شاموا/ لونان / 5 كرتونية)
هذا كتاب قيم للحافظ ابن كثير رحمه الله تعالى، فيه سرد من مبدأ المخلوقات إلى سيرة سيد المرسلين محمد بن عبد الله خاتم الأنبياء، بعد ذلك يذكر الفتن والملاحم في زمننا هذا ثم البعث والنشور والقيامة
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!
[AEF] Al-Nuqud al-Raqmiyyah / النقود الرقمية دراسة فقهية
النقود الرقمية دراسة فقهية
دراسة النقود الرقمية من منظور فقهي تتطلب التمييز بين أنواعها المختلفة، حيث يختلف الحكم الشرعي باختلاف الجهة المصدرة ومدى خضوعها للرقابة القانونية والمالية
When You Oppress
A concise book mainly focusing on key issues like abuse, brutality, cruelty, discrimination, exploitation, harm, inequity, injustice, mistreatment, oppression, prejudice, transgression, unfairness, and wrongdoing.
Women Who Deserve to go to Hell
Mansoor Abdul Hakim has written this book with the intention of awakening women to reality. They may be cautious and not misled by mischievous promises or a liberated life.
Examples of women who deserve to go to Hell are given. This portion tells them of the things and way of life they must avoid. . . .
Blissful Marriage (DCB)
Marriage is one of the most significant events in a person’s life. For it to succeed and flourish, it must be built on solid foundations, rooted in Islamic teachings—not on wishful thinking or emotional impulse.
I Only Worship Allah
Discover a selection of captivating illustrations, accompanied by basic, but important concepts for young Muslim children. I Only Worship Allah is the second in a series of five books on Aqeedah for children. This hardcover, 68-page book, explains who our Lord is in a fun and easy-to-understand way. This book has been specially designed to help encourage independence and learning in children.
The characters in the book are expressionless to help develop young and curious imaginations.
The Right to Education, Work and Welfare in Islam (P/B)
In The Right to Education, Work and Welfare in Islam Professor M.H. Kamali develops an Islamic perspective on three connected and complementary areas of rights and liberties. He urges that education is often a necessary ingredient of professional work even more so now than in earlier times when the range and variety of specialised knowledge were relatively limited. A person who acquires education, whether generally or at advanced levels of specialisation, is more likely to stand in a better position to enter the workforce and thus to contribute to the welfare of the community.
The author commences his discussions on education, work and welfare in Islam by focusing on how each is treated in the Qur’an; and follows this by the example of the Prophet and, after him, the Pious Caliphs who gave prominence to the education and welfare needs of people at times both of scarcity and affluence. Professor Kamali then moves forward to our time and discusses the right to education, the education of children, institutionalisation of learning, academic freedom and the debate between science and religion.
The section on work elaborates on the value of work, work ethics, workers’ and employers’ rights and responsibilities, and the role and responsibility of governments.
Finally, the section on welfare focuses on the importance in Islam of caring for those who are in need and the different forms of provision that can be made available by individuals, the state and charities.
Ibrahim A Nation in One Man (P/B)
Prophet Ibrahim (AS) was known to be the friend of Allah. There was a reason why this was true. His Love for the Lord was unparalleled and so were his trials.However, through his life history one can learn a lot about life as well as the attributes of being a great human being. Includes the Life and times of Prophet Ibrahim (AS), explained in detail by the author. Every story of the prophet is linked to a moralistic and educational value. All stories provided in the book are authentic; they are taken from the Quran and the authentic Sunnah. Each story is supported by further research and commentaries from Muslim Scholars. The language level is easy to understand and it targets the students of Elementary school. Although everyone else is free to read it. The prophets were all Allah’s messengers, and they were the perfect example of what had to be offered in order to maximize the message of Allah. So why not learn from them, and make our world a better place?




































































There are no reviews yet.