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.
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.
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 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
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.”
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.
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.
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.
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.
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.
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.
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.
Healing With the Medicine of the Prophet SAW (New Edition – Full Colour)
Recently Viewed
The Crusades P/B
In the new narrative of history, the story of the crusades (1095-1291) has been altogether transformed. we thus hear that the Christian crusades were only a response to Muslim aggression, that the stories of crusader atrocities were exaggerated, that the Muslims acted in an equally brutal manner. We hear that legendary Muslim figures such as Salah Eddin, Zangi, Baybars,Etc, were murderous , cunning, scheming leaders and that the Mongol leaders such as Genghis Khan and Hulagu, who between them slaughtered millions of Muslims during the crusades, were great men with great vision. We are told that the Muslims always obtained their victories by fighting small forces of crusader armies and that the crusades brought great military and civilian skills to the Muslim world, and so it goes on. It is these fallacies and countless others, which are found in the new teaching and writing of crusades, that this book unravels and counters. This book also tells the full story of the crusades by relying on both Islamic and Christian sources, old and new. Whilst retaining the academic and scientific approach, it also adopts a style accessible to all.
Islam Salvation for Mankind
The most important issue, for every Muslim, is to know the proper creed of beliefs. The obligation of having correct Faith and its fundamental pillars have been addressed in the Qur`an and authentic Ahadith at numerous places. It is the requirement of every Muslim, male or female, regardless of their nationality or age, to know the correct beliefs.
Healing Carefulliy
From heartbreaks and uncertainty, to faith and contentment, this book brings readers along in the author’s journey of understanding God’s Wisdoms through life’s trials.
A Mercy to Humanity
A Mercy to Humanity is a truly unique study of the Prophet’s (SAW) biography in which Dr. Aid al-Qarni paints a vivid picture of his noble character, delivering a personal insight into the events of his life. It is an emotional and engaging commentary that includes the author’s thoughts and reflections on the subject.
The History of Islam 3 Vol (H/B)
History stands as the most effective and valuable source of putting nation on the course of progress and prosperity and saving them from the path of disgrace and degradation.
At a time, when there is tough competition among the nations of the world to excel one another, the Muslim, despite having the most glorious history, appear to be detached and careless as regards their history.
This book presents the true Islamic events and their actual causes before the English readers because the other books in the English language found on the Islamic history have been written by such authors and compilers who did no justice in presenting the true picture of Islamic Era but their prejudice prevented them from doing so.
The Gracious Quran (H/B)
A modern-phrased interpretation in English (Arabic-English Parallel Edition)
This contemporary, authoritative translation interprets the Quran’s meaning for the English reader with unprecedented access to the Book that is the foundational source of Islam, its civilization and its peoples, who now comprise nearly one-fourth of humanity across the breadth of all the Earth’s continents and who form a crucial, contiguous community at the middle of the world.
Twenty years in the making, The Gracious Quran: A Modern-Phrased Interpretation of Its Meanings in English is both highly reliable and powerfully expressed. Where the Arabic of the Quran swells with important implication, that intent is conveyed in this rendering with a light hand in unobtrusive brackets, every effort having been expended to make its reading August, clear, accessible, and consistent while at the same time free of poetic pretension, philosophical complication, and lifeless literalisms. Its graceful layout and design augment the profound simplicity of the Quran’s message and give some semblance of resonance to its almost hypnotic power of literary expression.
The interpretation of The Gracious Quran is thoroughly guided by wide and deep experience with the civilizations of both luminous Islam and the enlightened west, while not unmindful of the light that infuses the world’s brilliant traditions. Fully four decades of scholarly expertise in Quranic studies and related disciplines are in its service, and the latest advances in the art of translation conspicuously benefit it.
About the translator:
Dr. Ahmad Zaki Hammad is an internationally known authority on Quran and Islamic Studies. He teaches Islamic Civilization and the Primary Disciplines of Quran Commentary, the Prophetic Traditions, and the Principles of Islamic Law at the foremost center of Islamic and Arabic learning in the Muslim world, AL-Azhar University (Faculty of Languages and Translations, Department of English). He is also a member of the Faculty of Shari’ah, Department of Juristic Studies.
He received his early Islamic and Arabic training at Al-Azhar University, Cairo, and was awarded the graduate degree of Alamiyyah from the Faculty of Theology. He holds a Ph.D., in Islamic Studies from the University of Chicago and is the author of a study of translation of Abu Hamid al-Ghazalis’s Al-Mustasfa min Ilm al-Usul, The Quintessence of the Science of the Principles of Islamic Law; and also Islamic Law: Understanding Juristic Differences, a Primer on the Science of al-Khulaf al Fiqhi in Light of the Shariah Sources.
He lived for many years in the United States, where he founded and served in numerous national and community Islamic institutions for American Muslims.
30 Cara Untuk Memperoleh Kebahagiaan
Buku yang hebat ini adalah panduan bogi semua masyarakat Islam terutamanya dalam kehidupan seharian kita kerana ia menyajikan cara-cara menghadapi kitaran hidup seharian, menerima masa lalu dan bersiap menghadapi hari esok berdasarkan pengajaran Al-Quran & Sunnah.
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.
[QQ] Handwriting Quran مصحف التدوين
مصحف التدوين الفاخر – بيدي رسمت حروفه وكتبت كلماته – حجم كبير
The blank Mushaf for writing is a type of Qur’an used to assist memorizers, teachers, and those interested in memorizing the Holy Qur’an or teaching their children. This Qur’an is characterized by containing the empty lines of the verses so that the lines appear empty from the inside with the outer borders of the lines visible. This makes it easier for the reader to write the verses from memory without referring to the Qur’an, thus enhancing memorization and review.
Explanation of Important Lessons (For Every Muslim) (H/B)
This book is a short work to explain what every Muslim needs to know about the religion of Islam. It covers many lessons under 18 chapters.
40 Kisah Palsu Tetapi Masyhur
Kisah ini bukan sekadar penyedap bicara. Jikalau benarnya tiada, maka dongeng nilainya lantas hilang hikmahnya. Jikalau kebetulan betulpun dianggap salah, apatah lagi yang tidak benar terutama berkaitan manusia.
Buku ini wajib dibaca oleh pendakwah, motivator, penceramah, pendidik, ibubapa, mahupun sesiapa sahaja supaya dapat kita betulkan yang biasa dan biasakan yang betul.
(Ustaz Ahmad Husni bin Abdul Rahman)
Winning the Heart of your Husband (P/B)
Table of Contents:
HOW TO WIN YOUR WIFE’S HEART ………………..5
INTRODUCTION …………………….5
HOW TO WIN YOUR WIFE’S HEART………………..6
TREATING WONAN WITH KINDNESS ………………..10
THE WIFE’S RIGHT ………………………………………12
RIGHTS COMMON TO HUSBAND AND WIFE …………15
THE CAUSES OF MARRIAGE PROBLEMS……………….16
THE EPIDEMIC OF SINS ……………………………………18
AN IMPORTANT FATWA …………………………………..20
THE EXUBERANT HUSBAND ………………………………22
IMPORATNT QUESTIONS …………………………………..23
A HUSBAND THREATENS WITH DIVORCE ………………27
A WIFE PLEADING WITH HER HUSBAND NOT TO TRAVEL………29
CONCLUSION………………………….32
A MESSAGE FROM THE PUBLISHER ……………..35
STORIES FROM THE PREDECESSORS ……………36
HOW THE COMPANIONS FEARED ALLAH………..50
EXHORTATION OF THE PREDECESSOR TO TAQWA………….58
THE QUALITIES OF THOSE WITH TAQWA………….61
ALI’S DESCRIPTION OF THOSE WITH TAQWA ……..61



































































There are no reviews yet.